Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312025-05-06The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false62024-01-01Confectioners, tobacconists and farmerstrue6truefalse 00631251 2024-01-01 2024-12-31 00631251 2023-01-01 2023-12-31 00631251 2024-12-31 00631251 2023-12-31 00631251 c:Director2 2024-01-01 2024-12-31 00631251 d:Buildings 2024-01-01 2024-12-31 00631251 d:Buildings 2024-12-31 00631251 d:Buildings 2023-12-31 00631251 d:Buildings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 00631251 d:PlantMachinery 2024-01-01 2024-12-31 00631251 d:PlantMachinery 2024-12-31 00631251 d:PlantMachinery 2023-12-31 00631251 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 00631251 d:MotorVehicles 2024-01-01 2024-12-31 00631251 d:MotorVehicles 2024-12-31 00631251 d:MotorVehicles 2023-12-31 00631251 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 00631251 d:FurnitureFittings 2024-01-01 2024-12-31 00631251 d:FurnitureFittings 2024-12-31 00631251 d:FurnitureFittings 2023-12-31 00631251 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 00631251 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 00631251 d:CurrentFinancialInstruments 2024-12-31 00631251 d:CurrentFinancialInstruments 2023-12-31 00631251 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 00631251 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 00631251 d:ShareCapital 2024-12-31 00631251 d:ShareCapital 2023-12-31 00631251 d:CapitalRedemptionReserve 2024-12-31 00631251 d:CapitalRedemptionReserve 2023-12-31 00631251 d:RetainedEarningsAccumulatedLosses 2024-12-31 00631251 d:RetainedEarningsAccumulatedLosses 2023-12-31 00631251 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 00631251 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 00631251 c:OrdinaryShareClass1 2024-01-01 2024-12-31 00631251 c:OrdinaryShareClass1 2024-12-31 00631251 c:OrdinaryShareClass1 2023-12-31 00631251 c:FRS102 2024-01-01 2024-12-31 00631251 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 00631251 c:FullAccounts 2024-01-01 2024-12-31 00631251 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 00631251 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 00631251









KING STREET CATERERS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
KING STREET CATERERS LIMITED
REGISTERED NUMBER: 00631251

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2024
2023
2023
Note
£
£
£
£

FIXED ASSETS
  

Tangible assets
 4 
42,744
46,050

CURRENT ASSETS
  

Stocks
 5 
50,634
48,943

Debtors: amounts falling due within one year
 6 
6,421
9,133

Cash at bank and in hand
  
75,543
68,657

  
132,598
126,733

Creditors: amounts falling due within one year
 7 
(97,766)
(94,043)

NET CURRENT ASSETS
  
 
 
34,832
 
 
32,690

TOTAL ASSETS LESS CURRENT LIABILITIES
  
77,576
78,740

PROVISIONS FOR LIABILITIES
  

Deferred tax
 8 
(523)
(637)

  
 
 
(523)
 
 
(637)

NET ASSETS
  
77,053
78,103


CAPITAL AND RESERVES
  

Called up share capital 
 9 
3,884
3,884

Capital redemption reserve
  
868
868

Profit and loss account
  
72,301
73,351

  
77,053
78,103


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
KING STREET CATERERS LIMITED
REGISTERED NUMBER: 00631251
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M E M Hays
Director

Date: 6 May 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
KING STREET CATERERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


GENERAL INFORMATION

King Street Caterers Limited is a private registered company limited by shares and incorporated in England and Wales. The registered office address is 21 High Street, Royston, Hertfordshire, SG8 9AA. 
The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover comprises revenue recognised by the Company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts. 

 
2.3

GOVERNMENT GRANTS

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.4

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
KING STREET CATERERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)


2.4
TANGIBLE FIXED ASSETS (CONTINUED)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the following bases:.

Depreciation is provided on the following basis:

Freehold property
-
2%
straight line
Farm equipment
-
15%
reducing balance
Motor vehicles
-
25%
reducing balance
Shop equipment
-
15%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
KING STREET CATERERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.9

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.11

CURRENT AND DEFERRED TAXATION

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

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.12

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
KING STREET CATERERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 6 (2023 - 6).


4.


TANGIBLE FIXED ASSETS





Freehold property
Farm equipment
Motor vehicles
Shop equipment
Total

£
£
£
£
£



COST OR VALUATION


At 1 January 2024
133,445
22,674
13,211
54,198
223,528



At 31 December 2024

133,445
22,674
13,211
54,198
223,528



DEPRECIATION


At 1 January 2024
91,928
21,495
12,219
51,836
177,478


Charge for the year on owned assets
2,525
178
248
355
3,306



At 31 December 2024

94,453
21,673
12,467
52,191
180,784



NET BOOK VALUE



At 31 December 2024
38,992
1,001
744
2,007
42,744



At 31 December 2023
41,517
1,179
992
2,362
46,050


5.


STOCKS

2024
2023
£
£

Farm stocks
168
220

Finished goods and goods for resale
50,466
48,723

50,634
48,943


Page 6

 
KING STREET CATERERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


DEBTORS

2024
2023
£
£


Trade debtors
1,419
4,532

Prepayments and accrued income
5,002
4,601

6,421
9,133



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
9,329
6,899

Corporation tax
903
2,167

Other taxation and social security
14,888
14,805

Other creditors
67,335
65,462

Accruals and deferred income
5,311
4,710

97,766
94,043


Included within other creditors are amounts due to defined contribution pension schemes totalling £407 (2023 - £161).


8.


DEFERRED TAXATION




2024


£






At beginning of year
637


Charged to profit or loss
(114)



AT END OF YEAR
523

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
523
637

Page 7

 
KING STREET CATERERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



3,884 (2023 - 3,884) Ordinary shares of £1 each
3,884
3,884


Page 8