FEE TURNER CATERING LIMITED


Directors	Charles John Turner
	Fiona Helen Turner
	George Frederick John Turner


Registered Address	Springfield House Trewint Lane
	Rock
	Wadebridge
	PL27 6LU


Registered Number	08757186 (England and Wales)

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Revenue from rendering of services
	Revenue 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.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

	Deferred tax
	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.

Deferred tax

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.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Goodwill
	Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Land and buildings	10
	Plant and machinery	5
	Vehicles	4

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	40		36

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 January 25	500,000	500,000
Additions	60,633	60,633
At 31 December 25	560,633	560,633
Amortisation and impairment
At 01 January 25	91,667	91,667
Charge for year	53,031	53,031
At 31 December 25	144,698	144,698
Net book value
At 31 December 25	415,935	415,935
At 31 December 24	408,333	408,333

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Total
	£	£	£	£
Cost or valuation
At 01 January 25	303,994	342,916	45,020	691,930
Additions	32,917	103,731	-	136,648
Disposals	-	(1,166)	-	(1,166)
At 31 December 25	336,911	445,481	45,020	827,412
Depreciation and impairment
At 01 January 25	156,945	210,659	38,020	405,624
Charge for year	32,923	61,061	7,000	100,984
On disposals	-	(983)	-	(983)
Other adjustments	-	1,197	-	1,197
At 31 December 25	189,868	271,934	45,020	506,822
Net book value
At 31 December 25	147,043	173,547	-	320,590
At 31 December 24	147,049	132,257	7,000	286,306

5.	Stocks

	2025	2024
	£	£
Raw materials and consumables	87,562	56,300
Total	87,562	56,300

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	34,888	14,100
Other debtors	-	53,640
Prepayments and accrued income	34,563	25,511
Total	69,451	93,251

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	88,183	50,450
Bank borrowings and overdrafts	980	2,270
Taxation and social security	34,552	65,277
Other creditors	334,055	150,706
Accrued liabilities and deferred income	11,262	6,484
Total	469,032	275,187

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	369,670	554,611
Total	369,670	554,611

9.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	60,912	18,056
Total	60,912	18,056

10.	Share capital
	The allotted, issued and fully paid share capital is as follows: 10,000 Ordinary £0.01 Shares 2,900 Ordinary A £0.01 Shares 100 Ordinary B £0.01 Shares 100 Ordinary C £0.01 Shares 100 Ordinary D £0.01 Shares 100 Ordinary E £0.01 Shares 1,520 100 Ordinary F £0.01 Shares There were no shares issued or allotted in the year. Ordinary, Ordinary A and Ordinary F shares are each entitled to one vote in any circumstances. Each share is entitled pari passu to dividends and any other distributions. All other shares have no voting rights. Rights to dividend payments only.

10.

Share capital

The allotted, issued and fully paid share capital is as follows:

10,000 Ordinary £0.01 Shares
2,900 Ordinary A £0.01 Shares
100 Ordinary B £0.01 Shares
100 Ordinary C £0.01 Shares
100 Ordinary D £0.01 Shares
100 Ordinary E £0.01 Shares
1,520 100 Ordinary F £0.01 Shares

There were no shares issued or allotted in the year.

Ordinary, Ordinary A  and Ordinary F shares are each entitled to one vote in any circumstances. Each share is entitled pari passu to dividends and any other distributions.
All other shares have no voting rights. Rights to dividend payments only.

11.	Related party transactions
	In a previous year loans were provided to the company by related parties at a commercial rate of interest. The amount outstanding at the end of the year was £453,442, with £93,332 due within one year.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		415,935		408,333
Tangible assets	4		320,590		286,306
			736,525		694,639
Current assets
Stocks	5	87,562		56,300
Debtors	6	69,451		93,251
Cash at bank and on hand		145,260		177,256
		302,273		326,807
Creditors amounts falling due within one year	7	(469,032)		(275,187)
Net current assets (liabilities)			(166,759)		51,620
Total assets less current liabilities			569,766		746,259
Creditors amounts falling due after one year	8		(369,670)		(554,611)
Provisions for liabilities	9		(60,912)		(18,056)
Net assets			139,184		173,592
Capital and reserves
Called up share capital			148		148
Share premium			199,985		199,985
Profit and loss account			(60,949)		(26,541)
Shareholders' funds			139,184		173,592