IRIS Accounts Production v25.1.3.33 07337948 director 1.12.23 30.11.24 30.11.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh073379482023-11-30073379482024-11-30073379482023-12-012024-11-30073379482022-11-30073379482022-12-012023-11-30073379482023-11-3007337948ns15:EnglandWales2023-12-012024-11-3007337948ns14:PoundSterling2023-12-012024-11-3007337948ns10:Director12023-12-012024-11-3007337948ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3007337948ns10:SmallEntities2023-12-012024-11-3007337948ns10:AuditExemptWithAccountantsReport2023-12-012024-11-3007337948ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3007337948ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3007337948ns10:FullAccounts2023-12-012024-11-3007337948ns10:RegisteredOffice2023-12-012024-11-3007337948ns5:CurrentFinancialInstruments2024-11-3007337948ns5:CurrentFinancialInstruments2023-11-3007337948ns5:Non-currentFinancialInstruments2024-11-3007337948ns5:Non-currentFinancialInstruments2023-11-3007337948ns5:ShareCapital2024-11-3007337948ns5:ShareCapital2023-11-3007337948ns5:RetainedEarningsAccumulatedLosses2024-11-3007337948ns5:RetainedEarningsAccumulatedLosses2023-11-3007337948ns5:LeaseholdImprovements2023-12-012024-11-3007337948ns5:PlantMachinery2023-12-012024-11-3007337948ns5:MotorVehicles2023-12-012024-11-3007337948ns5:ComputerEquipment2023-12-012024-11-3007337948ns5:PlantMachinery2023-11-3007337948ns5:PlantMachinery2024-11-3007337948ns5:PlantMachinery2023-11-3007337948ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-11-3007337948ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-012024-11-3007337948ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-11-3007337948ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-11-3007337948ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3007337948ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-3007337948ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-11-3007337948ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-11-3007337948ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-11-3007337948ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-11-3007337948ns5:HirePurchaseContracts2024-11-3007337948ns5:HirePurchaseContracts2023-11-3007337948ns5:WithinOneYear2024-11-3007337948ns5:WithinOneYear2023-11-3007337948ns5:BetweenOneFiveYears2024-11-3007337948ns5:BetweenOneFiveYears2023-11-3007337948ns5:MoreThanFiveYears2024-11-3007337948ns5:MoreThanFiveYears2023-11-3007337948ns5:AllPeriods2024-11-3007337948ns5:AllPeriods2023-11-30073379481ns10:Director12023-11-30073379481ns10:Director12022-11-30073379481ns10:Director12023-12-012024-11-30073379481ns10:Director12022-12-012023-11-30073379481ns10:Director12024-11-30073379481ns10:Director12023-11-30
REGISTERED NUMBER: 07337948 (England and Wales)















CRAVE CATERING LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024






CRAVE CATERING LTD (REGISTERED NUMBER: 07337948)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8

Chartered Certified Accountants' Report 9

CRAVE CATERING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTOR: Mrs E S Fahy





REGISTERED OFFICE: Unit 4, Prince William Way
Loughborough
Leicestershire
LE11 5DD





REGISTERED NUMBER: 07337948 (England and Wales)





ACCOUNTANTS: Essex Abel Ltd
4 Bank Court
Weldon Road
Loughborough
Leicestershire
LE11 5RF

CRAVE CATERING LTD (REGISTERED NUMBER: 07337948)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 142,140 117,466

CURRENT ASSETS
Stocks 24,004 20,967
Debtors 5 92,666 87,594
Cash at bank and in hand 95,822 96,855
212,492 205,416
CREDITORS
Amounts falling due within one year 6 147,275 123,987
NET CURRENT ASSETS 65,217 81,429
TOTAL ASSETS LESS CURRENT
LIABILITIES

207,357

198,895

CREDITORS
Amounts falling due after more than one
year

7

(14,229

)

(38,936

)

PROVISIONS FOR LIABILITIES (31,217 ) (29,158 )
NET ASSETS 161,911 130,801

CAPITAL AND RESERVES
Called up share capital 25,020 25,020
Retained earnings 136,891 105,781
SHAREHOLDERS' FUNDS 161,911 130,801

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CRAVE CATERING LTD (REGISTERED NUMBER: 07337948)

BALANCE SHEET - continued
30 NOVEMBER 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 29 April 2025 and were signed by:





Mrs E S Fahy - Director


CRAVE CATERING LTD (REGISTERED NUMBER: 07337948)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

Crave Catering Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods/services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 25% on cost
Plant and machinery - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stock is stated at the lower of cost and estimated selling price less costs to complete and sell. Stock is recognised as an expense in the period in which the related revenue is recognised.

The cost of stock is based on the aggregated actual cost price and includes expenditure incurred in acquiring stock, production or conversion costs, and other costs incurred in bringing them to their existing location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

CRAVE CATERING LTD (REGISTERED NUMBER: 07337948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023 233,217
Additions 69,260
Disposals (4,000 )
At 30 November 2024 298,477
DEPRECIATION
At 1 December 2023 115,751
Charge for year 43,558
Eliminated on disposal (2,972 )
At 30 November 2024 156,337
NET BOOK VALUE
At 30 November 2024 142,140
At 30 November 2023 117,466

CRAVE CATERING LTD (REGISTERED NUMBER: 07337948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 December 2023
and 30 November 2024 62,000
DEPRECIATION
At 1 December 2023 25,041
Charge for year 9,240
At 30 November 2024 34,281
NET BOOK VALUE
At 30 November 2024 27,719
At 30 November 2023 36,959

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 41,030 54,284
Other debtors 51,636 33,310
92,666 87,594

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,000 12,000
Hire purchase contracts (see note 8) 14,803 18,623
Trade creditors 36,272 13,411
Taxation and social security 48,961 43,192
Other creditors 35,239 36,761
147,275 123,987

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 6,000 18,000
Hire purchase contracts (see note 8) 8,229 20,936
14,229 38,936

CRAVE CATERING LTD (REGISTERED NUMBER: 07337948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 14,803 18,623
Between one and five years 8,229 20,936
23,032 39,559

Non-cancellable operating leases
2024 2023
£    £   
Within one year 28,648 63,830
Between one and five years 90,291 96,771
In more than five years 52,404 74,571
171,343 235,172

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 23,032 39,559

Hire purchase contracts are secured against the assets that are being financed.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
Mrs E S Fahy
Balance outstanding at start of year - 3,149
Amounts advanced 5,517 -
Amounts repaid (2,180 ) (3,149 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,337 -

No interest has been charged on the overdrawn balance during the year. The amounts are repayable on demand.

CRAVE CATERING LTD (REGISTERED NUMBER: 07337948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


11. RELATED PARTY DISCLOSURES

At the balance sheet date £30,000 (2023: £15,000) was owed by an entity under common control.

No interest has been paid on the balance owed.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CRAVE CATERING LTD


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Crave Catering Ltd for the year ended 30 November 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Crave Catering Ltd in accordance with the terms of our engagement letter dated 27 September 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Crave Catering Ltd and state those matters that we have agreed to state to the director of Crave Catering Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Crave Catering Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Crave Catering Ltd. You consider that Crave Catering Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Crave Catering Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Essex Abel Ltd
4 Bank Court
Weldon Road
Loughborough
Leicestershire
LE11 5RF


29 April 2025