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
Cash at bank and in hand
72,777
Creditors: amounts falling due within one year
(68,336)
Total assets less current liabilities
158,436
Creditors: amounts falling due after more than one year
(105,186)
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
SADLERGATES CATERING LTD
Notes to the Accounts
for the year ended 31 October 2024
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.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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.
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.
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Intangible fixed assets
Goodwill
SADLERGATES CATERING LTD
Notes to the Accounts
for the year ended 31 October 2024
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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
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
At 31 October 2024
7,756
58,881
-
914
67,551
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
Bank loans and overdrafts
7,175
Taxes and social security
14,397
Loans from directors
8,622
8
Creditors: amounts falling due after more than one year
2024
9
Average number of employees
During the year the average number of employees was 5.