Company Registration No. 11654062 (England and Wales)
Ok Catering Chequers Limited
Unaudited accounts
for the year ended 30 November 2024
Ok Catering Chequers Limited
Unaudited accounts
Contents
Ok Catering Chequers Limited
Company Information
for the year ended 30 November 2024
Company Number
11654062 (England and Wales)
Registered Office
28 Tytton Lane East
Wyberton
Boston
Lincolnshire
PE21 7HW
United Kingdom
Accountants
CDM Accountants Limited
28 Tytton Lane East
Wyberton
Boston
Lincolnshire
PE21 7HW
Ok Catering Chequers Limited
Statement of financial position
as at 30 November 2024
Tangible assets
95,039
100,402
Cash at bank and in hand
169,312
149,544
Creditors: amounts falling due within one year
(97,160)
(93,086)
Net current assets
113,767
80,243
Total assets less current liabilities
208,806
180,645
Provisions for liabilities
Deferred tax
(21,339)
(21,332)
Net assets
187,467
159,313
Called up share capital
100
100
Profit and loss account
187,367
159,213
Shareholders' funds
187,467
159,313
For the year ending 30 November 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 director acknowledges her 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 and authorised for issue on 23 June 2025 and were signed on its behalf by
Miss K M Booth
Director
Company Registration No. 11654062
Ok Catering Chequers Limited
Notes to the Accounts
for the year ended 30 November 2024
Ok Catering Chequers Limited is a private company, limited by shares, registered in England and Wales, registration number 11654062. The registered office is 28 Tytton Lane East, Wyberton, Boston, Lincolnshire, PE21 7HW, United Kingdom.
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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 are presented in £ sterling.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life.
Goodwill - 5 years straight line.
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:
Land & buildings
10% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
20% reducing balance, 3 years straight line & 25 years straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Ok Catering Chequers Limited
Notes to the Accounts
for the year ended 30 November 2024
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Intangible fixed assets
Goodwill
At 30 November 2024
10,000
At 30 November 2024
10,000
Ok Catering Chequers Limited
Notes to the Accounts
for the year ended 30 November 2024
5
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 December 2023
24,836
137,811
162,647
At 30 November 2024
24,836
148,200
173,036
At 1 December 2023
7,175
55,070
62,245
Charge for the year
1,766
13,986
15,752
At 30 November 2024
8,941
69,056
77,997
At 30 November 2024
15,895
79,144
95,039
At 30 November 2023
17,661
82,741
100,402
Amounts falling due within one year
Accrued income and prepayments
8,449
6,214
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
18,496
15,532
Taxes and social security
60,528
46,620
Loans from directors
15,141
27,593
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Average number of employees
During the year the average number of employees was 29 (2023: 28).