REGISTERED NUMBER: SC669126 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

NEW CONCEPT CATERING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs B Formisano

REGISTERED OFFICE:

27 Ingram Street

Glasgow

G1 1HA

REGISTERED NUMBER:

SC669126 (Scotland)

ACCOUNTANTS:

Kean Jarman & Company

Chartered Accountants

27 Ingram Street

Glasgow

G1 1HA

FIXED ASSETS

Tangible assets

4

12,937

22,174

CURRENT ASSETS

Stocks

212,419

136,460

Debtors

5

74,695

92,498

Cash at bank

38,314

27,432

325,428

256,390

CREDITORS

Amounts falling due within one year

6

368,171

266,126

NET CURRENT LIABILITIES

(42,743

)

(9,736

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(29,806

)

12,438

CREDITORS

Amounts falling due after more than one year

7

16,639

8,278

NET (LIABILITIES)/ASSETS

(46,445

)

4,160

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(46,446

)

4,159

(46,445

)

4,160

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 September 2025 and were signed by:

Mrs B Formisano - Director

1.	STATUTORY INFORMATION

New Concept Catering Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

569

6,687

29,990

4,971

42,217

Additions

-

-

-

1,755

1,755

At 31 December 2024

569

6,687

29,990

6,726

43,972

DEPRECIATION

At 1 January 2024

141

1,847

15,620

2,435

20,043

Charge for year

142

1,671

7,497

1,682

10,992

At 31 December 2024

283

3,518

23,117

4,117

31,035

NET BOOK VALUE

At 31 December 2024

286

3,169

6,873

2,609

12,937

At 31 December 2023

428

4,840

14,370

2,536

22,174

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2024

and 31 December 2024

29,990

DEPRECIATION

At 1 January 2024

15,620

Charge for year

7,497

At 31 December 2024

23,117

NET BOOK VALUE

At 31 December 2024

6,873

At 31 December 2023

14,370

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

66,531

58,447

Other debtors

8,164

34,051

74,695

92,498

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

25,000

-

Hire purchase contracts

4,139

4,139

Trade creditors

71,719

68,178

Taxation and social security

72,134

80,237

Other creditors

195,179

113,572

368,171

266,126

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

12,500

-

Hire purchase contracts

4,139

8,278

16,639

8,278

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

37,500

-

Hire purchase contracts

8,278

12,417

45,778

12,417

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

S Formisano

Balance outstanding at start of year

3,766

(8,149

)

Amounts advanced

36,834

11,915

Amounts repaid

(40,327

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

273

3,766

At 31/12/24 an amount of £273 (2003 - £3,766) is owed to the company by Mr S Formisano (who was a company director until 11/05/23). The loan is interest free and is repaid in full post year-end.