Silverfin false false 31/10/2024 01/11/2023 31/10/2024 J Aitken 05/06/2023 C Aitken 11/10/2010 A W Aitken 11/10/2010 17 July 2025 The principal activity of the Company during the financial year was restaurant consultancy, catering, farming and food distribution. 07403389 2024-10-31 07403389 bus:Director1 2024-10-31 07403389 bus:Director2 2024-10-31 07403389 bus:Director3 2024-10-31 07403389 2023-10-31 07403389 core:CurrentFinancialInstruments 2024-10-31 07403389 core:CurrentFinancialInstruments 2023-10-31 07403389 core:Non-currentFinancialInstruments 2024-10-31 07403389 core:Non-currentFinancialInstruments 2023-10-31 07403389 core:ShareCapital 2024-10-31 07403389 core:ShareCapital 2023-10-31 07403389 core:RetainedEarningsAccumulatedLosses 2024-10-31 07403389 core:RetainedEarningsAccumulatedLosses 2023-10-31 07403389 core:LandBuildings 2023-10-31 07403389 core:PlantMachinery 2023-10-31 07403389 core:Vehicles 2023-10-31 07403389 core:OfficeEquipment 2023-10-31 07403389 core:LandBuildings 2024-10-31 07403389 core:PlantMachinery 2024-10-31 07403389 core:Vehicles 2024-10-31 07403389 core:OfficeEquipment 2024-10-31 07403389 core:MoreThanFiveYears 2024-10-31 07403389 core:MoreThanFiveYears 2023-10-31 07403389 bus:OrdinaryShareClass1 2024-10-31 07403389 2023-11-01 2024-10-31 07403389 bus:FilletedAccounts 2023-11-01 2024-10-31 07403389 bus:SmallEntities 2023-11-01 2024-10-31 07403389 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 07403389 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 07403389 bus:Director1 2023-11-01 2024-10-31 07403389 bus:Director2 2023-11-01 2024-10-31 07403389 bus:Director3 2023-11-01 2024-10-31 07403389 core:PlantMachinery 2023-11-01 2024-10-31 07403389 core:Vehicles 2023-11-01 2024-10-31 07403389 core:OfficeEquipment core:TopRangeValue 2023-11-01 2024-10-31 07403389 2022-11-01 2023-10-31 07403389 core:LandBuildings 2023-11-01 2024-10-31 07403389 core:OfficeEquipment 2023-11-01 2024-10-31 07403389 core:CurrentFinancialInstruments 2023-11-01 2024-10-31 07403389 core:Non-currentFinancialInstruments 2023-11-01 2024-10-31 07403389 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 07403389 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 07403389 (England and Wales)

MEADOWBROOK CATERING LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2024
Pages for filing with the registrar

MEADOWBROOK CATERING LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

MEADOWBROOK CATERING LIMITED

BALANCE SHEET

As at 31 October 2024
MEADOWBROOK CATERING LIMITED

BALANCE SHEET (continued)

As at 31 October 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 437,651 441,957
437,651 441,957
Current assets
Stocks 4 142,926 164,283
Debtors 5 231,064 134,217
Cash at bank and in hand 31,281 72,954
405,271 371,454
Creditors: amounts falling due within one year 6 ( 378,408) ( 313,346)
Net current assets 26,863 58,108
Total assets less current liabilities 464,514 500,065
Creditors: amounts falling due after more than one year 7 ( 209,065) ( 247,187)
Provision for liabilities ( 29,671) ( 24,366)
Net assets 225,778 228,512
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 225,678 228,412
Total shareholders' funds 225,778 228,512

For the financial 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.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Meadowbrook Catering Limited (registered number: 07403389) were approved and authorised for issue by the Board of Directors on 17 July 2025. They were signed on its behalf by:

A W Aitken
Director
MEADOWBROOK CATERING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
MEADOWBROOK CATERING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Meadowbrook Catering Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 1 Silver Way Business Park, Airfield Way, Christchurch, BH23 3TA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 13 11

3. Tangible assets

Land and buildings Plant and machinery Vehicles Office equipment Total
£ £ £ £ £
Cost
At 01 November 2023 318,964 289,801 154,053 20,967 783,785
Additions 0 23,365 3,500 3,767 30,632
At 31 October 2024 318,964 313,166 157,553 24,734 814,417
Accumulated depreciation
At 01 November 2023 0 207,141 118,855 15,832 341,828
Charge for the financial year 0 22,346 8,945 3,647 34,938
At 31 October 2024 0 229,487 127,800 19,479 376,766
Net book value
At 31 October 2024 318,964 83,679 29,753 5,255 437,651
At 31 October 2023 318,964 82,660 35,198 5,135 441,957

4. Stocks

2024 2023
£ £
Stocks 142,926 164,283

5. Debtors

2024 2023
£ £
Trade debtors 173,968 128,300
Other debtors 57,096 5,917
231,064 134,217

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 37,180 36,662
Trade creditors 270,545 241,064
Corporation tax 24,760 12,868
Other taxation and social security 6,149 5,887
Obligations under finance leases and hire purchase contracts 0 8,930
Other creditors 39,774 7,935
378,408 313,346

The bank loan has a fixed and floating charge over the assets of the company.

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 209,065 247,187

The bank loan has a fixed and floating charge over the assets of the company.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

2024 2023
£ £
Bank loans (repayable by instalments) 93,691 100,871

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

9. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Key Management 56,935 4,487

Interest has been charged in line with HMRC's official rate where the loan exceeded £10,000.