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Registered number: 12152737

Catering First Limited

ACCOUNTS
FOR THE YEAR ENDED 31/08/2024

Prepared By:
IUVO Services Limited
Chartered Accountants
10
The Crescent Little Leighs
Chelmford
Essex
CM3 1LY

Catering First Limited

ACCOUNTS
FOR THE YEAR ENDED 31/08/2024
DIRECTORS
J Debono
REGISTERED OFFICE
27 Collindale Avenue
Sidcup
Kent
DA15 9DN
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 12152737
ACCOUNTANTS
IUVO Services Limited
Chartered Accountants
10
The Crescent Little Leighs
Chelmford
Essex
CM3 1LY

Catering First Limited

ACCOUNTS
FOR THEYEARENDED31/08/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Catering First Limited

BALANCE SHEET AT 31/08/2024
20242023
Notes££
FIXED ASSETS
Tangible assets32,8075,846
CURRENT ASSETS
Stock3,0502,950
Cash at bank and in hand72815,117
3,77818,067
CREDITORS: Amounts falling due within one year521,06931,489
NET CURRENT LIABILITIES(17,291)(13,422)
TOTAL ASSETS LESS CURRENT LIABILITIES(14,484)(7,576)
CREDITORS: Amounts falling due after more than one year66,3339,000
NET LIABILITIES(20,817)(16,576)
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account(20,917)(16,676)
SHAREHOLDERS' FUNDS(20,817)(16,576)
For the year ending 31/08/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 12/02/2025 and signed on their behalf by
.............................
J Debono
Director

Catering First Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/08/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Going Concern
At the year end date the company's laibilities exceeded its assets by £20,817 (2023: £16,576). This deficit is funded by the director. The director has expressed a willingness to continue to fund the company and as a result the accounts have been prepared on a going concern basis.
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Commercial Vehiclesstraight line 25%
1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20242023
No.No.
Average number of employees11

Catering First Limited

3. TANGIBLE FIXED ASSETS
Plant andCommercial
MachineryVehiclesTotal
£££
Cost
At 01/09/202375316,49317,246
Additions514-514
At 31/08/20241,26716,49317,760
Depreciation
At 01/09/202330211,09811,400
For the year2543,2993,553
At 31/08/202455614,39714,953
Net Book Amounts
At 31/08/20247112,0962,807
At 31/08/20234515,3955,846
4. STOCK 20242023
££
Stock comprises:
Stock3,0502,950
3,0502,950
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Directors current account15,29920,553
Bank Loan4,0004,000
Trade creditors-5,486
Other creditors345-
Accruals1,4251,450
21,06931,489

Catering First Limited

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr6,3339,000
6,3339,000
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
8. CONTROLLING PARTY
The company is controlled by its director, J Debono.
9. RELATED PARTY TRANSACTIONS
At the year end date the company owed its director £15,299 (2023: £20,553). This is included in creditors, is repayable on demand and attracts no interest.