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Registration number: 04795705

Merlin's Catering Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

Merlin's Catering Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 7

 

Merlin's Catering Limited

Company Information

Directors

Mr D Brown

Ms A Sowinska

Registered office

The Old Cart Shed
Parley Green Lane
Christchurch
Dorset
BH23 6BB

Accountants

Wilkinsons Accountants Limited
Chartered Certified Accountants
The Old Exchange
521 Wimborne Road East
Ferndown
Dorset
BH22 9NH

 

Merlin's Catering Limited

(Registration number: 04795705)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

37,537

39,409

Current assets

 

Stocks

6

6,196

7,223

Debtors

7

9,128

9,942

Cash at bank and in hand

 

295,228

375,427

 

310,552

392,592

Creditors: Amounts falling due within one year

8

(214,234)

(299,370)

Net current assets

 

96,318

93,222

Total assets less current liabilities

 

133,855

132,631

Creditors: Amounts falling due after more than one year

8

(12,073)

(23,219)

Provisions for liabilities

(7,132)

(7,488)

Net assets

 

114,650

101,924

Capital and reserves

 

Called up share capital

2

2

Retained earnings

114,648

101,922

Shareholders' funds

 

114,650

101,924

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 April 2025 and signed on its behalf by:
 

.........................................
Mr D Brown
Director

 

Merlin's Catering Limited

Notes to the Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The Old Cart Shed
Parley Green Lane
Christchurch
Dorset
BH23 6BB
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity, and rounded to the nearest £1.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Government grants

Government grants of a revenue nature are recognised when there is a reasonable assurance that conditions attaching to them have been met and the grants will be received. The accruals model has been adopted for recognition.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Merlin's Catering Limited

Notes to the Financial Statements for the Year Ended 31 October 2024

2

Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% reducing balance

Furniture, fittings and equipment

20% reducing balance

Short leasehold

5 years

Goodwill

Goodwill is being written off over five years.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

 

Merlin's Catering Limited

Notes to the Financial Statements for the Year Ended 31 October 2024

2

Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 20 (2023 - 21).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 November 2023

5,000

5,000

At 31 October 2024

5,000

5,000

Amortisation

At 1 November 2023

5,000

5,000

At 31 October 2024

5,000

5,000

Carrying amount

At 31 October 2024

-

-

 

Merlin's Catering Limited

Notes to the Financial Statements for the Year Ended 31 October 2024

5

Tangible assets

Land and buildings
£

Furniture fittings and equipment
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 November 2023

5,750

51,707

122,380

179,837

Additions

-

-

8,291

8,291

Disposals

-

-

(1,258)

(1,258)

At 31 October 2024

5,750

51,707

129,413

186,870

Depreciation

At 1 November 2023

5,654

43,409

91,365

140,428

Charge for the year

96

1,660

8,221

9,977

Eliminated on disposal

-

-

(1,072)

(1,072)

At 31 October 2024

5,750

45,069

98,514

149,333

Carrying amount

At 31 October 2024

-

6,638

30,899

37,537

At 31 October 2023

96

8,298

31,015

39,409

Included within the net book value of land and buildings above is £Nil (2023 - £96) in respect of short leasehold land and buildings.
 

6

Stocks

2024
£

2023
£

Other inventories

6,196

7,223

7

Debtors

2024
£

2023
£

Prepayments

8,908

9,942

Other debtors

220

-

9,128

9,942

 

Merlin's Catering Limited

Notes to the Financial Statements for the Year Ended 31 October 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

11,152

11,152

Trade creditors

 

3,702

1,767

Taxation and social security

 

52,531

58,506

Accruals and deferred income

 

59,518

79,740

Other creditors

 

87,331

148,205

 

214,234

299,370

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

12,073

23,219

9

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

12,073

23,219

2024
£

2023
£

Current loans and borrowings

Bank borrowings

11,152

11,152

10

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £71,366 (2023 - £57,690). This includes annual rental and leasing commitments of £38,868 (2023 - £34,698).