The Bleeding Heart Catering Co. Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04750715 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2020

for

The Bleeding Heart Catering Co. Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms K Davenport

SECRETARY:

M Gor

REGISTERED OFFICE:

Suite A, 10th Floor Maple House

High Street

Potters Bar

Hertfordshire

EN6 5BS

REGISTERED NUMBER:

04750715 (England and Wales)

ACCOUNTANTS:

The Greene Partnership LLP

Chartered Accountants

Suite A, 10th Floor Maple House

High Street

Potters Bar

Hertfordshire

EN6 5BS

FIXED ASSETS

Tangible assets

4

1,735,983

1,327,240

Investments

5

1

1

1,735,984

1,327,241

CURRENT ASSETS

Stocks

7,862

28,325

Debtors

6

12,333

587,688

Cash at bank and in hand

943,113

962,903

963,308

1,578,916

CREDITORS

Amounts falling due within one year

7

295,881

583,855

NET CURRENT ASSETS

667,427

995,061

TOTAL ASSETS LESS CURRENT LIABILITIES

2,403,411

2,322,302

CREDITORS

Amounts falling due after more than one year

8

(90,505

)

(104,592

)

PROVISIONS FOR LIABILITIES

11

(31,901

)

-

NET ASSETS

2,281,005

2,217,710

CAPITAL AND RESERVES

Called up share capital

12

1,000

1,000

Retained earnings

2,280,005

2,216,710

SHAREHOLDERS' FUNDS

2,281,005

2,217,710

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 9 April 2021 and were signed by:

Ms K Davenport - Director

1.	STATUTORY INFORMATION

The Bleeding Heart Catering Co. 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 net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

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

Fixtures, fittings & equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

The company's leasehold properties have a remaining life in excess of 50 years and the properties are regularly maintained to a high standard. The company also has an interest in the company that owns the freehold interest. On this basis, the director believes that the properties do not need to be depreciated as the properties values are being maintained and are fairly reflected in the financial statements.

Stocks

Stocks 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

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

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 4 (2019 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Long

Fixtures,

Freehold

leasehold

fittings

Motor

property

& improvements

& equipment

vehicles

Totals

£

£

£

£

£

COST

At 1 June 2019

-

1,170,607

393,499

34,908

1,599,014

Additions

386,735

-

62,512

21,000

470,247

Disposals

-

-

-

(11,000

)

(11,000

)

At 31 May 2020

386,735

1,170,607

456,011

44,908

2,058,261

DEPRECIATION

At 1 June 2019

-

-

247,526

24,248

271,774

Charge for year

-

-

52,121

7,603

59,724

Eliminated on disposal

-

-

-

(9,220

)

(9,220

)

At 31 May 2020

-

-

299,647

22,631

322,278

NET BOOK VALUE

At 31 May 2020

386,735

1,170,607

156,364

22,277

1,735,983

At 31 May 2019

-

1,170,607

145,973

10,660

1,327,240

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 June 2019

and 31 May 2020

1

NET BOOK VALUE

At 31 May 2020

1

At 31 May 2019

1

The company owns an interest in the company that owns the freehold interest. On this basis, the director believes that at present the leasehold property does not need to be depreciated.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.20

31.5.19

£

£

Trade debtors

10,686

550,803

Prepayments

1,647

36,885

12,333

587,688

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.20

31.5.19

£

£

Bank loans and overdrafts (see note 9)

14,530

13,999

Trade creditors

36,572

337,115

Tax

39,651

103,365

Social security and other taxes

1,956

1,203

VAT

8,335

112,134

Other creditors

175,000

-

Directors' current accounts

1,342

208

Accrued expenses

18,495

15,831

295,881

583,855

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.20

31.5.19

£

£

Bank loans (see note 9)

90,505

104,592

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

26,447

42,871

9.

LOANS

An analysis of the maturity of loans is given below:

31.5.20

31.5.19

£

£

Amounts falling due within one year or on demand:

Bank loans

14,530

13,999

Amounts falling due between one and two years:

Bank loans - 1-2 years

15,101

14,550

31.5.20

31.5.19

£

£

Amounts falling due between two and five years:

Bank loans - 2-5 years

48,957

47,171

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

26,447

42,871

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.20

31.5.19

£

£

Bank loans

105,035

118,591

The bank loan is secured by way of fixed charge over the company's properties.

11.	PROVISIONS FOR LIABILITIES

31.5.20

31.5.19

£

£

Deferred tax

Accelerated capital allowances

31,901

-

Deferred

tax

£

Provided during year

31,901

Balance at 31 May 2020

31,901

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.20

31.5.19

value:

£

£

1,000

Ordinary

£1

1,000

1,000

13.	ULTIMATE CONTROLLING PARTY

The controlling party is Ms K Davenport.