Company registration number 11529388 (England and Wales)
STREET FOOD CART'EL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
STREET FOOD CART'EL LIMITED
COMPANY INFORMATION
Directors
Mrs N H McGillicuddy
Mr G A Price
Company number
11529388
Registered office
Unit E
Brockmoor Park Industrial Estate
Moor Street
Stourbridge
West Midlands
DY8 4RZ
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Lloyds Bank Plc
1 Legg Street
Chelmsford
Essex
CM1 1JS
STREET FOOD CART'EL LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
STREET FOOD CART'EL LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF STREET FOOD CART'EL LIMITED FOR THE YEAR ENDED 26 AUGUST 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Street Food Cart'el Limited for the year ended 26 August 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Street Food Cart'el Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Street Food Cart'el Limited and state those matters that we have agreed to state to the board of directors of Street Food Cart'el Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Street Food Cart'el Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Street Food Cart'el Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Street Food Cart'el Limited. You consider that Street Food Cart'el Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Street Food Cart'el Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ormerod Rutter Limited
28 July 2025
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
STREET FOOD CART'EL LIMITED
BALANCE SHEET
AS AT
26 AUGUST 2024
26 August 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
4,466
5,720
Current assets
Stocks
8,143
8,209
Debtors
4
617,903
192,772
Cash at bank and in hand
4,033
28,339
630,079
229,320
Creditors: amounts falling due within one year
5
(732,232)
(213,945)
Net current (liabilities)/assets
(102,153)
15,375
Total assets less current liabilities
(97,687)
21,095
Creditors: amounts falling due after more than one year
6
(10,206)
(12,778)
Provisions for liabilities
8
-
0
(1,087)
Net (liabilities)/assets
(107,893)
7,230
Capital and reserves
Called up share capital
9
100
100
Profit and loss reserves
(107,993)
7,130
Total equity
(107,893)
7,230

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 26 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

STREET FOOD CART'EL LIMITED
BALANCE SHEET (CONTINUED)
AS AT
26 AUGUST 2024
26 August 2024
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 28 July 2025 and are signed on its behalf by:
Mrs N H McGillicuddy
Director
Company registration number 11529388 (England and Wales)
STREET FOOD CART'EL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 AUGUST 2024
- 4 -
1
Accounting policies
Company information

Street Food Cart'el Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit E, Brockmoor Park Industrial Estate, Moor Street, Stourbridge, West Midlands, DY8 4RZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements have been drawn up on the going concern basis. If the going concern basis were not appropriate, adjustments would have been made to reduce assets to recoverable amounts, to provide for any further liabilities that might arise, and to re-classify fixed assets as current assets and long term liabilities as current liabilities.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
Enter depreciation rate via StatDB - cd76
Motor vehicles
20% on reducing balance
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

STREET FOOD CART'EL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 26 AUGUST 2024
1
Accounting policies
(Continued)
- 5 -
1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.8
Retirement benefits

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

1.9
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
3
STREET FOOD CART'EL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 26 AUGUST 2024
- 6 -
3
Tangible fixed assets
Plant and equipment
Motor vehicles
Total
£
£
£
Cost
At 27 August 2023 and 26 August 2024
5,956
8,900
14,856
Depreciation and impairment
At 27 August 2023
3,761
5,375
9,136
Depreciation charged in the year
549
705
1,254
At 26 August 2024
4,310
6,080
10,390
Carrying amount
At 26 August 2024
1,646
2,820
4,466
At 26 August 2023
2,195
3,525
5,720
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
617,903
192,772
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
2,222
2,222
Taxation and social security
944
586
Other creditors
729,066
211,137
732,232
213,945
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
10,206
12,778
STREET FOOD CART'EL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 26 AUGUST 2024
- 7 -
7
Secured debts
The following secured debts are included within creditors:
2024
2023
£
£
Hire purchase contracts
1,867
1,867
Bank loans
12,428
15,000
14,295
16,867
Hire purchase contracts are secured against the assets to which they relate.
Bank loans are secured by way of a government-backed guarantee.
8
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
-
0
1,087
9
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
10
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Amounts advanced
Closing balance
£
£
£
Loan accounts
-
-
433
433
-
433
433

The directors' loan accounts were repaid within nine months of the year end.

11
Ultimate controlling party

The ultimate controlling party is Mrs N H McGillicuddy.

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