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 2019

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

10,146

9,523

CURRENT ASSETS

Inventories

5

4,101

3,921

Debtors

6

53,992

53,647

58,093

57,568

CREDITORS

Amounts falling due within one year

7

(65,342

)

(61,735

)

NET CURRENT LIABILITIES

(7,249

)

(4,167

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,897

5,356

PROVISIONS FOR LIABILITIES

(1,928

)

(1,809

)

NET ASSETS

969

3,547

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

869

3,447

SHAREHOLDERS' FUNDS

969

3,547

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 23 June 2020 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 (2018 - 13 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2019

27,945

-

27,945

Additions

-

4,483

4,483

At 31 December 2019

27,945

4,483

32,428

DEPRECIATION

At 1 January 2019

18,422

-

18,422

Charge for year

2,381

1,479

3,860

At 31 December 2019

20,803

1,479

22,282

NET BOOK VALUE

At 31 December 2019

7,142

3,004

10,146

At 31 December 2018

9,523

-

9,523

5.	INVENTORIES

31.12.19

31.12.18

£

£

Stocks

4,101

3,921

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Other debtors

12,663

12,578

Directors' current accounts

41,329

41,069

53,992

53,647

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Bank loans and overdrafts

7,060

13,453

Corporation tax

339

4,144

Social security and other taxes

8,116

6,928

Pension account

1,251

962

VAT

19,382

24,288

Other creditors

26,344

9,210

Accrued expenses

2,850

2,750

65,342

61,735

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2019 and

31 December 2018:

31.12.19

31.12.18

£

£

Mr D Burns

Balance outstanding at start of year

41,069

31,027

Amounts advanced

33,478

20,828

Amounts repaid

(33,218

)

(10,786

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

41,329

41,069

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr D Burns.