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Company No: OC449820 (England and Wales)

CATERWORX LLP

Unaudited Financial Statements
For the financial period ended 31 March 2025
Pages for filing with the registrar

CATERWORX LLP

Unaudited Financial Statements

For the financial period ended 31 March 2025

Contents

CATERWORX LLP

BALANCE SHEET

As at 31 March 2025
CATERWORX LLP

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025
£
Fixed assets
Tangible assets 3 74,962
74,962
Current assets
Stocks 38,000
Debtors 4 349,966
Cash at bank and in hand 22,656
410,622
Creditors: amounts falling due within one year 5 ( 177,981)
Net current assets 232,641
Total assets less current liabilities 307,603
Net assets attributable to members 307,603
Represented by
Loans and other debts due to members within one year
Members' capital classified as a liability 307,603
307,603
Members' other interests
0
307,603
Total members' interests
Loans and other debts due to members 307,603
307,603

For the financial period ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

Members' responsibilities:

Caterworx LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.

The financial statements of Caterworx LLP (registered number: OC449820) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

P Ducker
Designated member

31 July 2025

CATERWORX LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial period ended 31 March 2025
CATERWORX LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial period ended 31 March 2025
1. Accounting policies

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

General information and basis of accounting

Caterworx LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is Wadebridge House 16 Wadebridge Square, Poundbury, Dorchester, Dorset, DT1 3AQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

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

Reporting period length

The company reporting period is for a period longer than 12 months. Future periods will be the 12 month period to 31 March each year.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the LLP and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The LLP operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

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:

Leasehold improvements 50 years straight line
Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 25 % reducing balance
Computer equipment 25 % reducing balance

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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

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 includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

2025
Number
Monthly average number of persons employed by the LLP during the period 15

3. Tangible assets

Leasehold improve-
ments
Plant and machinery Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £ £ £
Cost
At 01 April 2024 0 0 0 0 0 0
Additions 605 1,209 64,501 1,814 9,715 77,844
At 31 March 2025 605 1,209 64,501 1,814 9,715 77,844
Accumulated depreciation
At 01 April 2024 0 0 0 0 0 0
Charge for the financial period 5 126 1,840 189 722 2,882
At 31 March 2025 5 126 1,840 189 722 2,882
Net book value
At 31 March 2025 600 1,083 62,661 1,625 8,993 74,962

4. Debtors

2025
£
Trade debtors 320,150
Prepayments 21,214
Other debtors 8,602
349,966

5. Creditors: amounts falling due within one year

2025
£
Trade creditors 116,459
Accruals and deferred income 17,741
Other taxation and social security 42,194
Other creditors 1,587
177,981

Capital loans and other debts due to members rank behind creditors, in accordance with the members' agreement. There are no restrictions on the members' ability to reduce the amount of members' other interests.

6. Financial commitments

Pensions

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the year end the company had an unpaid pension liability of £1,448.