IRIS Accounts Production v25.1.3.33 01795829 Board of Directors Board of Directors 1.9.23 31.8.24 31.8.24 Medium entities Event catering activities. 0 0 true false true true false false false true true false These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. 0 0 Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh017958292023-08-31017958292024-08-31017958292023-09-012024-08-31017958292022-08-31017958292022-09-012023-08-31017958292023-08-3101795829ns15:EnglandWales2023-09-012024-08-3101795829ns14:PoundSterling2023-09-012024-08-3101795829ns10:Director12023-09-012024-08-3101795829ns10:Director22023-09-012024-08-3101795829ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3101795829ns10:MediumEntities2023-09-012024-08-3101795829ns10:Audited2023-09-012024-08-3101795829ns10:Medium-sizedCompaniesRegimeForDirectorsReport2023-09-012024-08-3101795829ns10:Medium-sizedCompaniesRegimeForAccounts2023-09-012024-08-3101795829ns10:FullAccounts2023-09-012024-08-310179582912023-09-012024-08-3101795829ns10:OrdinaryShareClass12023-09-012024-08-3101795829ns10:RegisteredOffice2023-09-012024-08-3101795829ns5:CurrentFinancialInstruments2024-08-3101795829ns5:CurrentFinancialInstruments2023-08-3101795829ns5:ShareCapital2024-08-3101795829ns5:ShareCapital2023-08-3101795829ns5:RetainedEarningsAccumulatedLosses2024-08-3101795829ns5:RetainedEarningsAccumulatedLosses2023-08-3101795829ns5:ShareCapital2022-08-3101795829ns5:RetainedEarningsAccumulatedLosses2022-08-3101795829ns5:RetainedEarningsAccumulatedLosses2022-09-012023-08-3101795829ns5:RetainedEarningsAccumulatedLosses2023-09-012024-08-3101795829ns5:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-3101795829ns5:LeaseholdImprovements2023-09-012024-08-3101795829ns5:FurnitureFittings2023-09-012024-08-3101795829ns5:MotorVehicles2023-09-012024-08-3101795829ns5:ComputerEquipment2023-09-012024-08-3101795829ns15:UnitedKingdom2023-09-012024-08-3101795829ns15:UnitedKingdom2022-09-012023-08-3101795829ns15:Europe2023-09-012024-08-3101795829ns15:Europe2022-09-012023-08-3101795829ns5:TotalGeographicSegmentsIncludingAnyUnallocatedAmount2023-09-012024-08-3101795829ns5:TotalGeographicSegmentsIncludingAnyUnallocatedAmount2022-09-012023-08-3101795829ns5:PlantEquipmentOtherAssetsUnderOperatingLeases2023-09-012024-08-3101795829ns5:PlantEquipmentOtherAssetsUnderOperatingLeases2022-09-012023-08-3101795829ns5:OwnedAssets2023-09-012024-08-3101795829ns5:OwnedAssets2022-09-012023-08-3101795829ns5:PatentsTrademarksLicencesConcessionsSimilar2023-09-012024-08-3101795829ns5:PatentsTrademarksLicencesConcessionsSimilar2022-09-012023-08-3101795829ns5:PatentsTrademarksLicencesConcessionsSimilar2023-08-3101795829ns5:PatentsTrademarksLicencesConcessionsSimilar2024-08-3101795829ns5:PatentsTrademarksLicencesConcessionsSimilar2023-08-3101795829ns5:LeaseholdImprovements2023-08-3101795829ns5:FurnitureFittings2023-08-3101795829ns5:MotorVehicles2023-08-3101795829ns5:ComputerEquipment2023-08-3101795829ns5:LeaseholdImprovements2024-08-3101795829ns5:FurnitureFittings2024-08-3101795829ns5:MotorVehicles2024-08-3101795829ns5:ComputerEquipment2024-08-3101795829ns5:LeaseholdImprovements2023-08-3101795829ns5:FurnitureFittings2023-08-3101795829ns5:MotorVehicles2023-08-3101795829ns5:ComputerEquipment2023-08-3101795829ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3101795829ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3101795829ns5:WithinOneYear2024-08-3101795829ns5:WithinOneYear2023-08-3101795829ns5:BetweenOneFiveYears2024-08-3101795829ns5:BetweenOneFiveYears2023-08-3101795829ns5:MoreThanFiveYears2024-08-3101795829ns5:MoreThanFiveYears2023-08-3101795829ns5:AllPeriods2024-08-3101795829ns5:AllPeriods2023-08-3101795829ns10:OrdinaryShareClass12024-08-3101795829ns5:RetainedEarningsAccumulatedLosses2023-08-31
REGISTERED NUMBER: 01795829 (England and Wales)






























STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

THE MOVING VENUE CATERERS
LIMITED

THE MOVING VENUE CATERERS
LIMITED (REGISTERED NUMBER: 01795829)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Income Statement 8

Other Comprehensive Income 9

Balance Sheet 10

Statement of Changes in Equity 11

Notes to the Financial Statements 12


THE MOVING VENUE CATERERS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mr JG Lawson
Ms EM Sawford


REGISTERED OFFICE: Unit 10
Deptford Trading Estate
Blackhorse Road
London
SE8 5HY


REGISTERED NUMBER: 01795829 (England and Wales)


SENIOR STATUTORY AUDITOR: Mr Westleigh Scales FCA FMAAT


AUDITORS: Mark J Rees LLP Chartered Accountants
and Statutory Auditors
Granville Hall
Granville Road
Leicester
LE1 7RU


BANKERS: Coutts & Co
440 Strand
London
WC2R 0QS

THE MOVING VENUE CATERERS
LIMITED (REGISTERED NUMBER: 01795829)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 AUGUST 2024


The directors present their strategic report for the year ended 31 August 2024.

REVIEW OF BUSINESS
Moving Venue: - An accredited caterer at over 50 prestigious, unique, and high-profile venues. Moving Venue also caters at the Paris and Farnborough Air shows, Silverstone F1, Lords, Royal Ascot and has a number of exclusive contracts. Moving Venue is the industry's foremost event caterer at some of the most exciting corporate, sporting, and cultural events. The business is split into Moving Venue Venues & Events which takes care of the accredited venues and Moving Venue Hospitality which looks after our hospitality sites and large-scale green field projects.

The Company achieved an exciting 10% increase in turnover during 2023/2024, and moreover increased operating profits by 14.4%.

The directors are delighted with this positive and resilient performance.

This growth is being carefully managed with continuing investment in new procedures and systems.

The business is in great shape for further expansion, and we are actively seeking new propositions.

Financial Key Performance Indicators
The Company's key performance indicators of trade are presented in the table below.

KPI's 2024 2023 2022

Turnover £18.7m £17.0m £16.9m
Operating Profit / (Loss) before tax,
depreciation & amortisation


£842k

£736k

£1,169k
Shareholders' Funds £2,236k £1,864k £1,269k

PRINCIPAL RISKS AND UNCERTAINTIES
The company recognises the trading risks and uncertainties of the current economic climate. The Board is confident that the company has the necessary skills and resources to deal with the challenges arising in the sectors within which we operate.

ON BEHALF OF THE BOARD:





Ms EM Sawford - Director


19 May 2025

THE MOVING VENUE CATERERS
LIMITED (REGISTERED NUMBER: 01795829)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 AUGUST 2024


The directors present their report with the financial statements of the company for the year ended 31 August 2024.

DIVIDENDS
No dividends will be distributed for the year ended 31 August 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 September 2023 to the date of this report.

Mr JG Lawson
Ms EM Sawford

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

THE MOVING VENUE CATERERS
LIMITED (REGISTERED NUMBER: 01795829)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 AUGUST 2024


AUDITORS
The auditors, Mark J Rees LLP Chartered Accountants, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:




Ms EM Sawford - Director


19 May 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
THE MOVING VENUE CATERERS
LIMITED


Opinion
We have audited the financial statements of The Moving Venue Caterers Limited (the 'company') for the year ended 31 August 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 August 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
THE MOVING VENUE CATERERS
LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

We have determined that the principal risk areas where material irregularities could occur were related to posting manual journal entries to manipulate financial performance, revenue recognition, significant one-off or unusual transactions, going concern and the food hygiene rating.

Our audit procedures were designed to respond in particular to these identified risks (including non compliance with laws and regulations and fraud).

Our audit procedures included but were not limited to:
- A review of a sample of events listing reports in the year to ensure these were correctly recorded in revenue and detailed cut off testing around the year end to ensure revenue is correctly recognised.
- A review of laws and regulations the company is subject to, being specifically the food hygiene review and rating, HACCP policy and discussion with management to ensure no instances of non compliance.
- Addressing the risks of fraud through management override of controls by performing journal entry testing.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
THE MOVING VENUE CATERERS
LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Mr Westleigh Scales FCA FMAAT (Senior Statutory Auditor)
for and on behalf of Mark J Rees LLP Chartered Accountants
and Statutory Auditors
Granville Hall
Granville Road
Leicester
LE1 7RU

23 May 2025

THE MOVING VENUE CATERERS
LIMITED (REGISTERED NUMBER: 01795829)

INCOME STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2024

2024 2023
Notes £    £   

TURNOVER 3 18,722,142 16,969,942

Cost of sales 11,877,022 10,600,588
GROSS PROFIT 6,845,120 6,369,354

Administrative expenses 6,250,895 6,225,997
594,225 143,357

Other operating income - 200,000
OPERATING PROFIT 5 594,225 343,357

Exceptional item 6 27,497 -
566,728 343,357

Interest receivable and similar income - 2,651
566,728 346,008

Interest payable and similar expenses 7 13,102 -
PROFIT BEFORE TAXATION 553,626 346,008

Tax on profit 8 181,642 (249,485 )
PROFIT FOR THE FINANCIAL YEAR 371,984 595,493

THE MOVING VENUE CATERERS
LIMITED (REGISTERED NUMBER: 01795829)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 AUGUST 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 371,984 595,493


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

371,984

595,493

THE MOVING VENUE CATERERS
LIMITED (REGISTERED NUMBER: 01795829)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 9 - -
Tangible assets 10 746,084 839,794
746,084 839,794

CURRENT ASSETS
Stocks 11 184,554 142,778
Debtors 12 10,283,551 7,353,470
Cash at bank 527,479 1,189,983
10,995,584 8,686,231
CREDITORS
Amounts falling due within one year 13 9,505,298 7,661,639
NET CURRENT ASSETS 1,490,286 1,024,592
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,236,370

1,864,386

CAPITAL AND RESERVES
Called up share capital 15 51,100 51,100
Retained earnings 16 2,185,270 1,813,286
SHAREHOLDERS' FUNDS 2,236,370 1,864,386

The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2025 and were signed on its behalf by:




Mr JG Lawson - Director



Ms EM Sawford - Director


THE MOVING VENUE CATERERS
LIMITED (REGISTERED NUMBER: 01795829)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 September 2022 51,100 1,217,793 1,268,893

Changes in equity
Total comprehensive income - 595,493 595,493
Balance at 31 August 2023 51,100 1,813,286 1,864,386

Changes in equity
Total comprehensive income - 371,984 371,984
Balance at 31 August 2024 51,100 2,185,270 2,236,370

THE MOVING VENUE CATERERS
LIMITED (REGISTERED NUMBER: 01795829)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

The Moving Venue Caterers Limited 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial forecasts prepared by the directors show that the company will be able to operate within the facilities available. On that basis the directors have prepared these financial statements on a going concern basis.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows;
the requirement of paragraph 33.7.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax. Turnover is recognised at the date events are held. Income and deposits received for events held after the year end are included as deferred income.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Licence costs are being amortised evenly over their estimated useful life of 51 months from March 2019.

THE MOVING VENUE CATERERS
LIMITED (REGISTERED NUMBER: 01795829)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 20% on cost
Fixtures and fittings - 33% on cost and 15% on cost
Motor vehicles - 25% on cost
Kitchen equipment - 15% on cost

Fixed assets are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable or as otherwise required by relevant accounting standards.

Shortfalls between the carrying value of fixed assets and their recoverable amounts, being the higher of fair value less costs to sell and value-in-use, are recognised as impairment losses. Impairment losses are recognised in profit and loss.

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

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.

Hire purchase and leasing commitments
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.

THE MOVING VENUE CATERERS
LIMITED (REGISTERED NUMBER: 01795829)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued

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, where material, at amortised cost using the effective interest method, less any impairment.

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

3. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

2024 2023
£    £   
United Kingdom 18,685,911 16,491,168
Europe 36,231 478,774
18,722,142 16,969,942

4. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 4,631,180 3,966,874
Social security costs 129,539 228,159
Other pension costs 30,038 49,165
4,790,757 4,244,198

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

2024 2023
£    £   
Directors' remuneration - -

The company has no employees directly, wages and salaries are a cross-charge from other companies within the group.

THE MOVING VENUE CATERERS
LIMITED (REGISTERED NUMBER: 01795829)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Hire of plant and machinery 60,094 53,117
Depreciation - owned assets 288,795 301,581
Patents and licences amortisation - 88,235
Auditors remuneration 8,400 8,000
Foreign exchange differences - (2,385 )

6. EXCEPTIONAL ITEMS
2024 2023
£    £   
Exceptional item (27,497 ) -

During the year, the company granted debt forgiveness of £27,497 to a related company, Smart Nautical Limited. This forgiveness is included in exceptional items.

7. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank interest 13,102 -

8. TAXATION

Analysis of the tax charge/(credit)
The tax charge/(credit) on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
Group relief 181,642 (126,920 )

Deferred taxation - (122,565 )
Tax on profit 181,642 (249,485 )

UK corporation tax has been charged at 25% (2023 - 21.51%).

THE MOVING VENUE CATERERS
LIMITED (REGISTERED NUMBER: 01795829)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


8. TAXATION - continued

Reconciliation of total tax charge/(credit) included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 553,626 346,008
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 21.510%)

138,407

74,426

Effects of:
Expenses not deductible for tax purposes 11,219 3,557
Capital allowances in excess of depreciation - (125,011 )
Depreciation in excess of capital allowances 32,016 -
Adjustments to tax charge in respect of previous periods - (126,920 )
Enhanced expenditure relief - (75,537 )
Total tax charge/(credit) 181,642 (249,485 )

9. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 September 2023
and 31 August 2024 500,000
AMORTISATION
At 1 September 2023
and 31 August 2024 500,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

THE MOVING VENUE CATERERS
LIMITED (REGISTERED NUMBER: 01795829)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


10. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Kitchen
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 579,337 1,674,632 139,724 1,978,883 4,372,576
Additions - 18,428 - 176,657 195,085
At 31 August 2024 579,337 1,693,060 139,724 2,155,540 4,567,661
DEPRECIATION
At 1 September 2023 572,724 1,318,110 124,085 1,517,863 3,532,782
Charge for year 6,528 149,655 10,545 122,067 288,795
At 31 August 2024 579,252 1,467,765 134,630 1,639,930 3,821,577
NET BOOK VALUE
At 31 August 2024 85 225,295 5,094 515,610 746,084
At 31 August 2023 6,613 356,522 15,639 461,020 839,794

11. STOCKS
2024 2023
£    £   
Finished goods 184,554 142,778

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,620,012 5,370,597
Bad debt provision (21,113 ) -
Amounts owed by group undertakings 3,098,129 1,509,365
Other debtors 8,948 -
VAT 25,511 138,543
Accrued income 312,959 537
Prepayments 239,105 334,428
10,283,551 7,353,470

THE MOVING VENUE CATERERS
LIMITED (REGISTERED NUMBER: 01795829)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,817,002 2,607,325
Amounts owed to group undertakings 3,930,331 3,345,896
Other creditors 8,157 25,564
Accruals and deferred income 2,514,586 1,513,679
Accrued expenses 235,222 169,175
9,505,298 7,661,639

14. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 452,570 462,050
Between one and five years 551,140 1,279,280
In more than five years 1,906,026 1,653,420
2,909,736 3,394,750

15. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
51,100 Ordinary £1 51,100 51,100

Each ordinary share carries one vote, ranks equally with any other ordinary shares as to rights to participate in distributions as to dividends and capital (including on a winding up) and in all other respects, and is not redeemable.

16. RESERVES
Retained
earnings
£   

At 1 September 2023 1,813,286
Profit for the year 371,984
At 31 August 2024 2,185,270

THE MOVING VENUE CATERERS
LIMITED (REGISTERED NUMBER: 01795829)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


17. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

At the year end £924,086 (2023: £689,425) was owed by The Last Supper UK Limited to The Moving Venue Caterers Limited. The Last Supper UK Limited is a 75% subsidiary of Smart (Group) Limited.

18. ULTIMATE PARENT COMPANY

As of 31st August 2024 the company regarded Smart (Group) Limited, incorporated in England, as its ultimate parent company and controlling party.

The group accounts can be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.

Following the year end the group underwent a restructuring process, therefore as of 29th October 2024 the company regards Smart Topco Limited, incorporated in England, as its ultimate parent company and controlling party.