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Registered number: 10524246
Tfs Catering And Events Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
B&SW Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 10524246
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 36,046 45,062
Tangible Assets 5 13,926 12,881
49,972 57,943
CURRENT ASSETS
Debtors 6 3,630 6,049
Cash at bank and in hand 7,748 21,370
11,378 27,419
Creditors: Amounts Falling Due Within One Year 7 (63,872 ) (41,750 )
NET CURRENT ASSETS (LIABILITIES) (52,494 ) (14,331 )
TOTAL ASSETS LESS CURRENT LIABILITIES (2,522 ) 43,612
NET (LIABILITIES)/ASSETS (2,522 ) 43,612
CAPITAL AND RESERVES
Called up share capital 8 110 110
Profit and Loss Account (2,632 ) 43,502
SHAREHOLDERS' FUNDS (2,522) 43,612
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Victoria Crosby
Director
30/09/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Tfs Catering And Events Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10524246 . The registered office is Friday Lane Cottage Church Lane, Hitcham, Ipswich, Suffolk, IP7 7NN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20
Motor Vehicles 33
Fixtures & Fittings 25
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 90,136
As at 31 December 2024 90,136
Amortisation
As at 1 January 2024 45,074
Provided during the period 9,016
As at 31 December 2024 54,090
Net Book Value
As at 31 December 2024 36,046
As at 1 January 2024 45,062
Page 2
Page 3
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2024 10,631 30,413 191 41,235
Additions 6,340 - - 6,340
As at 31 December 2024 16,971 30,413 191 47,575
Depreciation
As at 1 January 2024 9,000 19,306 48 28,354
Provided during the period 1,594 3,665 36 5,295
As at 31 December 2024 10,594 22,971 84 33,649
Net Book Value
As at 31 December 2024 6,377 7,442 107 13,926
As at 1 January 2024 1,631 11,107 143 12,881
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,630 5,346
Other debtors - 703
3,630 6,049
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 9,081 9,081
Other creditors 53,126 25,460
Taxation and social security 1,665 7,209
63,872 41,750
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 110 110
Page 3