| GA WAH CATERING LIMITED |
| Notes to the Accounts |
| for the year ended 30 April 2025 |
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| 1 |
Accounting policies |
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Intangible fixed assets |
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Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
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Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
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Foreign currency translation |
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Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
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Leased assets |
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A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
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Pensions |
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Contributions to defined contribution plans are expensed in the period to which they relate. |
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| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
12 |
|
10 |
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| 3 |
Tangible fixed assets |
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Plant and machinery etc |
| £ |
|
Cost |
|
At 1 May 2024 |
3,405 |
|
Disposals |
(3,405) |
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At 30 April 2025 |
- |
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Depreciation |
|
At 1 May 2024 |
1,627 |
|
Charge for the year |
89 |
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On disposals |
(1,716) |
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At 30 April 2025 |
- |
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Net book value |
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At 30 April 2025 |
- |
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At 30 April 2024 |
1,778 |
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| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
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Other debtors |
- |
|
251 |
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| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
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Trade creditors |
1,044 |
|
2,904 |
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Taxation and social security costs |
2,825 |
|
49,258 |
|
Other creditors |
(2,658) |
|
16,804 |
|
|
|
|
|
|
1,211 |
|
68,966 |
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| 6 |
Other information |
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GA WAH CATERING LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
85 Otterden Close |
|
Ashford |
|
TN23 5TH |