Registered number
07841374
Saffron Event & Venue Caterers Ltd
Filleted Accounts
31 December 2024
Saffron Event & Venue Caterers Ltd
Registered number: 07841374
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 309,722 336,079
Current assets
Stocks 8,000 -
Debtors 4 233,652 360,106
Cash at bank and in hand 604,308 392,805
845,960 752,911
Creditors: amounts falling due within one year 5 (557,435) (414,710)
Net current assets 288,525 338,201
Total assets less current liabilities 598,247 674,280
Creditors: amounts falling due after more than one year 6 (151,979) (125,647)
Net assets 446,268 548,633
Capital and reserves
Called up share capital 2 2
Profit and loss account 446,266 548,631
Shareholders' funds 446,268 548,633
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Carla Garey
Director
Approved by the board on 22 September 2025
Saffron Event & Venue Caterers Ltd
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 81 85
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 66,694 187,841 336,707 591,242
Additions - 16,861 76,797 93,658
At 31 December 2024 66,694 204,702 413,504 684,900
Depreciation
At 1 January 2024 2,001 112,068 141,094 255,163
Charge for the year 2,001 18,223 99,791 120,015
At 31 December 2024 4,002 130,291 240,885 375,178
Net book value
At 31 December 2024 62,692 74,411 172,619 309,722
At 31 December 2023 64,693 75,773 195,613 336,079
4 Debtors 2024 2023
£ £
Trade debtors 131,647 92,075
Amounts owed by group undertakings and undertakings in which the company has a participating interest 98,440 67,104
Other debtors 3,565 200,927
233,652 360,106
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 32,319 6,528
Trade creditors 386,753 290,623
Taxation and social security costs 114,784 98,998
Other creditors 23,579 18,561
557,435 414,710
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 17,580 24,167
Obligations under finance lease and hire purchase contracts 134,399 101,480
151,979 125,647
7 Other information
Saffron Event & Venue Caterers Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 14 Jubilee Business Park
Appleby Magna
Swadlincote
Derbyshire
DE12 7AJ
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