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Company registration number: 05391693
Ashlyns Catering Limited
Unaudited filleted financial statements
30 September 2024
Ashlyns Catering Limited
Contents
Statement of financial position
Notes to the financial statements
Ashlyns Catering Limited
Statement of financial position
30 September 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 584,712 594,906
_______ _______
584,712 594,906
Current assets
Stocks 7,423 7,423
Debtors 6 691,857 535,266
Cash at bank and in hand 2,971 1,218
_______ _______
702,251 543,907
Creditors: amounts falling due
within one year 7 ( 977,699) ( 761,143)
_______ _______
Net current liabilities ( 275,448) ( 217,236)
_______ _______
Total assets less current liabilities 309,264 377,670
Creditors: amounts falling due
after more than one year 8 ( 88,788) ( 163,334)
_______ _______
Net assets 220,476 214,336
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 220,474 214,334
_______ _______
Shareholders funds 220,476 214,336
_______ _______
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 19 June 2025 , and are signed on behalf of the board by:
J.W.J. Collins
Director
Company registration number: 05391693
Ashlyns Catering Limited
Notes to the financial statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 169 New London Road, Chelmsford, Essex, CM2 0AE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property - 20 - 50 years straight line
Plant and machinery - 15 % straight line
Computer equipment - 33 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Investment property
Investment property is initially measured at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value by the directors at each reporting date and any changes in fair value are recognised in profit and loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other receivables and payables. Debt instruments that are receivable or payable within one year, typically trade receivables and payables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be received or paid.
Defined contribution pension plans
Contributions to defined contribution pension plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 93 (2023: 96 ).
5. Tangible assets
Freehold property Long leasehold property Plant and machinery Computer Total
£ £ £ £ £
Cost
At 1 October 2023 279,841 408,540 28,501 21,231 738,113
Additions - - 575 550 1,125
_______ _______ _______ _______ _______
At 30 September 2024 279,841 408,540 29,076 21,781 739,238
_______ _______ _______ _______ _______
Depreciation
At 1 October 2023 100,196 - 24,164 18,847 143,207
Charge for the year 8,292 - 988 2,039 11,319
_______ _______ _______ _______ _______
At 30 September 2024 108,488 - 25,152 20,886 154,526
_______ _______ _______ _______ _______
Carrying amount
At 30 September 2024 171,353 408,540 3,924 895 584,712
_______ _______ _______ _______ _______
At 30 September 2023 179,645 408,540 4,337 2,384 594,906
_______ _______ _______ _______ _______
6. Debtors
2024 2023
£ £
Trade debtors 631,017 516,516
Other debtors 60,840 18,750
_______ _______
691,857 535,266
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 459,972 337,035
Trade creditors 403,116 299,952
Corporation tax 4,191 24,995
Social security and other taxes 62,284 55,263
Other creditors 48,136 43,898
_______ _______
977,699 761,143
_______ _______
8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 88,788 163,334
_______ _______
9. Operating leases
The company as lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:
£ £
Not later than 1 year 17,376 26,437
Later than 1 year and not later than 5 years 34,100 38,312
Later than 5 years - 2,171
_______ _______
51,476 66,920
_______ _______
10. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
J.W.J. Collins ( 3,534) 20,829 17,295
B.A.K. Collins ( 3,535) 20,829 17,294
_______ _______ _______
( 7,069) 41,658 34,589
_______ _______ _______
2023
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
J.W.J. Collins ( 27,719) 24,185 ( 3,534)
B.A.K. Collins ( 27,720) 24,185 ( 3,535)
_______ _______ _______
( 55,439) 48,370 ( 7,069)
_______ _______ _______
11. Controlling party
The company is controlled by J.W.J. Collins and Mrs B.A.K. Collins .