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

REGISTERED NUMBER: 06399529 (England and Wales)

BELUGA CATERING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2021 TO 28 FEBRUARY 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

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

16,563

22,268

CURRENT ASSETS

Inventories

-

4,181

Debtors

5

43,663

39,350

43,663

43,531

CREDITORS

Amounts falling due within one year

6

(77,534

)

(48,037

)

NET CURRENT LIABILITIES

(33,871

)

(4,506

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(17,308

)

17,762

CREDITORS

Amounts falling due after more than one year

7

(32,223

)

-

PROVISIONS FOR LIABILITIES

(3,672

)

(4,231

)

NET (LIABILITIES)/ASSETS

(53,203

)

13,531

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(53,303

)

13,431

SHAREHOLDERS' FUNDS

(53,203

)

13,531

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2022 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 14 June 2022 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.

Plant and machinery etc

-

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 period 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.

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 period was 9 (2020 - 12 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2021

47,810

4,483

52,293

Additions

-

1,667

1,667

At 28 February 2022

47,810

6,150

53,960

DEPRECIATION

At 1 January 2021

27,555

2,470

30,025

Charge for period

5,578

1,794

7,372

At 28 February 2022

33,133

4,264

37,397

NET BOOK VALUE

At 28 February 2022

14,677

1,886

16,563

At 31 December 2020

20,255

2,013

22,268

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.22

31.12.20

£

£

Other debtors

43,663

39,350

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.22

31.12.20

£

£

Bank loans and overdrafts

14,826

403

Taxation and social security

36,934

34,062

Other creditors

25,774

13,572

77,534

48,037

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.22

31.12.20

£

£

Bank loans

32,223

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

14,447

-

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 28 February 2022 and the year ended 31 December 2020:

28.2.22

31.12.20

£

£

Mr D Burns

Balance outstanding at start of period

26,687

41,329

Amounts advanced

89,682

-

Amounts repaid

(85,369

)

(14,642

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

31,000

26,687

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr D Burns.

The following reproduces the text of the report prepared for the director 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director 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 Beluga Catering Limited for the period ended 28 February 2022 which comprise the Income Statement, Balance Sheet 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Beluga Catering Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Beluga Catering Limited and state those matters that we have agreed to state to the director of Beluga Catering Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Beluga Catering 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 loss of Beluga Catering Limited. You consider that Beluga Catering Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Beluga Catering 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.

Kounnis And Partners Ltd

Chartered Certified Accountants

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

14 June 2022