Beluga Catering Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06399529 (England and Wales)

BELUGA CATERING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D Burns

REGISTERED OFFICE:

Office 7 35-37 Ludgate Hill

City Of London

London

EC4M 7JN

REGISTERED NUMBER:

06399529 (England and Wales)

ACCOUNTANTS:

Kounnis And Partners Ltd

Chartered Certified Accountants

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

FIXED ASSETS

Property, plant and equipment

4

9,523

3,859

CURRENT ASSETS

Inventories

5

3,921

-

Debtors

6

53,647

40,439

Cash at bank

-

8,170

57,568

48,609

CREDITORS

Amounts falling due within one year

7

61,735

51,457

NET CURRENT LIABILITIES

(4,167

)

(2,848

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,356

1,011

PROVISIONS FOR LIABILITIES

1,809

743

NET ASSETS

3,547

268

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,447

168

SHAREHOLDERS' FUNDS

3,547

268

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 29 May 2019 and were signed by:

Mr D Burns - Director

1.	STATUTORY INFORMATION

Beluga Catering Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives

from the provision of services falling within the company's ordinary activities.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

The charge for taxation takes into account taxation deferred as a result of timing differences between the

treatment of certain item for taxation and accounting purposes. In general, deferred tax is recognised in respect

of all timing differences that have originated but not reversed at the balance sheet date.

However, deferred tax assets are recognised only to the extent that the director considers that it is more likely

than not that there will be suitable taxable profits from which the future reversal of the underlying timing

differences can be deducted. Deferred tax is not recognised on revaluation gains. Deferred taxation is measured

on a non-discounted basis at the tax rates that are expected to apply in the periods in which the timing differences

reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2017 - 19 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

fittings

£

COST

At 1 January 2018

19,107

Additions

8,838

At 31 December 2018

27,945

DEPRECIATION

At 1 January 2018

15,248

Charge for year

3,174

At 31 December 2018

18,422

NET BOOK VALUE

At 31 December 2018

9,523

At 31 December 2017

3,859

5.	INVENTORIES

2018

2017

£

£

Stocks

3,921

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

12,578

9,412

Directors' current accounts

41,069

31,027

53,647

40,439

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

13,453

-

Corporation tax

4,144

6,017

Social security and other taxes

6,928

15,746

Pension account

962

3,092

VAT

24,288

23,992

Other creditors

9,210

-

Accrued expenses

2,750

2,610

61,735

51,457

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr D Burns.