London Catering Services (SE) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05532527 (England and Wales)

London Catering Services (SE) Limited

Abridged Financial Statements

for the Year Ended 31 March 2019

Page

Company Information

1

Chartered Accountants' Report

2

Abridged Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Mr O Hussein

Mrs S Hussein

SECRETARY:

Mrs S Hussein

REGISTERED OFFICE:

Rochester Airport Industrial Estate

3 Laker Road

Rochester

ME1 3QX

REGISTERED NUMBER:

05532527 (England and Wales)

ACCOUNTANTS:

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of London Catering Services (SE) Limited for the year ended 31 March 2019 which comprise the

Abridged Statement of Income and Retained Earnings, Abridged Statement of Financial Position and the related notes

from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of London Catering Services (SE) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of London Catering Services (SE) Limited and state those matters that we have agreed to state to the Board of Directors of London Catering Services (SE) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than London Catering Services (SE) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that London Catering Services (SE) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of London Catering Services (SE) Limited. You consider that London Catering Services (SE) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of London Catering Services (SE) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

28 December 2019

FIXED ASSETS

Property, plant and equipment

4

751,860

718,636

CURRENT ASSETS

Inventories

59,580

69,537

Debtors

675,862

426,832

Cash at bank and in hand

25,453

4,042

760,895

500,411

CREDITORS

Amounts falling due within one year

729,554

497,439

NET CURRENT ASSETS

31,341

2,972

TOTAL ASSETS LESS CURRENT LIABILITIES

783,201

721,608

CREDITORS

Amounts falling due after more than one year

(77,405

)

(41,715

)

PROVISIONS FOR LIABILITIES

5

(126,435

)

(117,238

)

NET ASSETS

579,361

562,655

CAPITAL AND RESERVES

Called up share capital

6

100,000

100,000

Retained earnings

7

479,361

462,655

SHAREHOLDERS' FUNDS

579,361

562,655

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Statement of Financial Position for the year ended 31 March 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors on 27 December 2019 and were signed on its behalf by:

Mr O Hussein - Director

Mrs S Hussein - Director

1.	STATUTORY INFORMATION

London Catering Services (SE) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Turnover is recognised when the customer takes delivery of the goods.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

20% on cost

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

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.

Cost is on a first in first out basis. Net realisable value is the selling price of the item less any cost to sell.

Taxation

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

Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

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 10 (2018 - 5 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

COST

At 1 April 2018

1,876,027

Additions

314,652

Disposals

(129,425

)

At 31 March 2019

2,061,254

DEPRECIATION

At 1 April 2018

1,157,391

Charge for year

230,431

Eliminated on disposal

(78,428

)

At 31 March 2019

1,309,394

NET BOOK VALUE

At 31 March 2019

751,860

At 31 March 2018

718,636

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 April 2018

844,556

Additions

228,296

Disposals

(116,925

)

At 31 March 2019

955,927

DEPRECIATION

At 1 April 2018

504,453

Charge for year

129,768

Eliminated on disposal

(67,597

)

At 31 March 2019

566,624

NET BOOK VALUE

At 31 March 2019

389,303

At 31 March 2018

340,103

5.	PROVISIONS FOR LIABILITIES

2019

2018

£

£

Deferred tax

126,435

117,238

Deferred

tax

£

Balance at 1 April 2018

117,238

Charge to Abridged Income Statement during year

9,197

Balance at 31 March 2019

126,435

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100,000

Ordinary

£1

100,000

100,000

7.

RESERVES

Retained

earnings

£

At 1 April 2018

462,655

Profit for the year

16,706

At 31 March 2019

479,361

8.	RELATED PARTY DISCLOSURES

Key Management Personel

1.During the year company paid rent of £50,000 (2018:£50,000) for the use of premises.

2.Company owes £196,384 (2018:£240,744) at balance sheet date. This is an interest free loan and has no fixed

repayment date.