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Company Registration No. 14055637 (England and Wales)
The Shires Catering Limited Unaudited accounts for the year ended 30 June 2025
The Shires Catering Limited Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
- 2 -
The Shires Catering Limited Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
28,323
31,106
Tangible assets
5
102,553
123,523
130,876
154,629
Current assets
Inventories
3,500
3,500
Debtors
6
2,997
8,371
Cash at bank and in hand
47,230
42,452
53,727
54,323
Creditors: amounts falling due within one year
7
(218,057)
(239,018)
Net current liabilities
(164,330)
(184,695)
Total assets less current liabilities
(33,454)
(30,066)
Provisions for liabilities
Deferred tax
(15,329)
(18,852)
Net liabilities
(48,783)
(48,918)
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
(48,883)
(49,018)
Shareholders' funds
(48,783)
(48,918)
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 November 2025 and were signed on its behalf by
Mr P Campbell Director Company Registration No. 14055637
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The Shires Catering Limited Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
The Shires Catering Limited is a private company, limited by shares, registered in England and Wales, registration number 14055637. The registered office is 2 James Watt Close, Drayton Fields Industrial Estate, Daventry, NN11 8RJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 30 June 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 July 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in note 11 below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% reducing balance
Plant & machinery
20% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
33.33% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation is calculated on a 20% straight line basis
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
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The Shires Catering Limited Notes to the Accounts for the year ended 30 June 2025
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
4
Intangible fixed assets
Goodwill
Other
Total
£
£
£
Cost
At 1 July 2024
44,925
5,390
50,315
Additions
9,100
-
9,100
At 30 June 2025
54,025
5,390
59,415
Amortisation
At 1 July 2024
17,485
1,724
19,209
Charge for the year
10,805
1,078
11,883
At 30 June 2025
28,290
2,802
31,092
Net book value
At 30 June 2025
25,735
2,588
28,323
At 30 June 2024
27,440
3,666
31,106
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 July 2024
36,153
43,447
84,200
9,969
173,769
Additions
-
4,456
602
1,722
6,780
At 30 June 2025
36,153
47,903
84,802
11,691
180,549
Depreciation
At 1 July 2024
6,593
11,347
27,360
4,946
50,246
Charge for the year
2,956
6,807
14,361
3,626
27,750
At 30 June 2025
9,549
18,154
41,721
8,572
77,996
Net book value
At 30 June 2025
26,604
29,749
43,081
3,119
102,553
At 30 June 2024
29,560
32,100
56,840
5,023
123,523
- 5 -
The Shires Catering Limited Notes to the Accounts for the year ended 30 June 2025
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
1,243
7,254
Other debtors
1,754
1,117
2,997
8,371
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
19,552
12,307
Trade creditors
7,942
8,195
Taxes and social security
-
5,884
Other creditors
146,857
161,742
Loans from directors
43,706
50,890
218,057
239,018
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Operating lease commitments
2025
2024
£
£
At 30 June 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
31,500
31,500
Later than one year and not later than five years
10,500
42,000
42,000
73,500
10
Average number of employees
During the year the average number of employees was 25 (2024: 25).
- 6 -
The Shires Catering Limited Notes to the Accounts for the year ended 30 June 2025
11
Reconciliations on adoption of FRS 102
Reconciliation of equity
1 July 2023
30 June 2024
£
£
Capital and reserves (as previously stated)
(22,245)
(30,066)
Deferred tax liability
(15,255)
(18,852)
Capital and reserves (as restated)
(37,500)
(48,918)
Under the previous financial reporting framework FRS105, deferred tax was not recognised. FRS 102s1a requires deferred tax to be recognised on all timing differences, including those arising from the revaluation of property, plant and equipment. Accordingly, a deferred tax liability of £15,255 has been recognised on the timing differences as at the date of transition (1 July 2023). The corresponding entry has been recognised directly in the profit and loss account within equity.
Reconciliation of profit or loss for the year
30 June 2024
£
Profit for the year (as previously stated)
(7,821)
Deferred tax movement
(3,597)
Profit for the year (as restated)
(11,418)
- 7 -