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Company Registration No. 11029994 (England and Wales)
SADLERGATES CATERING LTD Unaudited accounts for the year ended 31 October 2024
SADLERGATES CATERING LTD Statement of financial position as at 31 October 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
67,551 
Current assets
Inventories
4,860 
Debtors
81,584 
Cash at bank and in hand
72,777 
159,221 
Creditors: amounts falling due within one year
(68,336)
Net current assets
90,885 
Total assets less current liabilities
158,436 
Creditors: amounts falling due after more than one year
(105,186)
Net assets
53,250 
Capital and reserves
Called up share capital
100 
Profit and loss account
53,150 
Shareholders' funds
53,250 
For the 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. 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2024 and were signed on its behalf by
Nathan Thomson Director Company Registration No. 11029994
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SADLERGATES CATERING LTD Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
SADLERGATES CATERING LTD is a private company, limited by shares, registered in England and Wales, registration number 11029994. The registered office is UNIT 5 WATNALL ROAD, HUCKNALL, NOTTINGHAM, NG15 6BU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Computer equipment
33% Reducing Balance
Intangible fixed assets - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable netassets. It is amortised to income statement over its estimated economic life of 5 years.
Going concern
The accounts are prepared on a going concern basis. The year under review was during the outbreak of covid seriously limiting the companies ability to trade, various government grants and loans were received to enable the company to recomence trading once the effects of the pandemic eased. The director is confident business will now return to pre-covid levels and the company will become viable. To this end he will financially support the company.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2023
28,750 
At 31 October 2024
28,750 
Amortisation
At 1 November 2023
28,750 
At 31 October 2024
28,750 
Net book value
At 31 October 2024
- 
- 3 -
SADLERGATES CATERING LTD Notes to the Accounts for the year ended 31 October 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 November 2023
10,217 
73,441 
1,604 
3,734 
88,996 
Additions
3,510 
26,374 
- 
278 
30,162 
At 31 October 2024
13,727 
99,815 
1,604 
4,012 
119,158 
Depreciation
At 1 November 2023
4,032 
26,227 
1,604 
2,648 
34,511 
Charge for the year
1,939 
14,707 
- 
450 
17,096 
At 31 October 2024
5,971 
40,934 
1,604 
3,098 
51,607 
Net book value
At 31 October 2024
7,756 
58,881 
- 
914 
67,551 
6
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
81,584 
7
Creditors: amounts falling due within one year
2024 
£ 
Bank loans and overdrafts
7,175 
VAT
5,969 
Trade creditors
15,025 
Taxes and social security
14,397 
Other creditors
17,148 
Loans from directors
8,622 
68,336 
8
Creditors: amounts falling due after more than one year
2024 
£ 
Bank loans
21,970 
Other creditors
83,216 
105,186 
9
Average number of employees
During the year the average number of employees was 5.
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