General Engineers (Catering) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06201299 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

GENERAL ENGINEERS (CATERING) LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S J Woodward

Mrs E L Woodward

SECRETARY:

Mrs E L Woodward

REGISTERED OFFICE:

Cake Barn

Brunton

Collingbourne Kingston

Marlborough

Wiltshire

SN8 3SE

REGISTERED NUMBER:

06201299 (England and Wales)

ACCOUNTANTS:

Haines Watts

Chartered Accountants

Old Station House

Station Approach

Newport Street

Swindon

Wiltshire

SN1 3DU

FIXED ASSETS

Tangible assets

4

40,415

49,258

CURRENT ASSETS

Stocks

900

980

Debtors

5

385,840

200,117

Cash at bank and in hand

242,734

375,617

629,474

576,714

CREDITORS

Amounts falling due within one year

6

186,122

153,030

NET CURRENT ASSETS

443,352

423,684

TOTAL ASSETS LESS CURRENT LIABILITIES

483,767

472,942

PROVISIONS FOR LIABILITIES

-

122

NET ASSETS

483,767

472,820

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

483,765

472,818

483,767

472,820

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

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 and authorised for issue on 7 December 2022 and were signed on its behalf by:

Mr S J Woodward - Director

Mrs E L Woodward - Director

1.	STATUTORY INFORMATION

General Engineers (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 is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract.

Tangible fixed assets

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

Plant & Machinery

-

18 % on reducing balance

Motor Vehicles

-

18 % on reducing balance

Computer Equipment

-

18 % on reducing balance

Stocks & work in progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Costs include all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. An element of profit is included where the outcome of the project may reasonably be determined.

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.

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 7 (2021 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2021

944

79,449

11,501

91,894

Additions

124

-

928

1,052

Disposals

-

(11,345

)

-

(11,345

)

At 31 March 2022

1,068

68,104

12,429

81,601

DEPRECIATION

At 1 April 2021

347

36,642

5,647

42,636

Charge for year

121

6,394

1,164

7,679

Eliminated on disposal

-

(9,129

)

-

(9,129

)

At 31 March 2022

468

33,907

6,811

41,186

NET BOOK VALUE

At 31 March 2022

600

34,197

5,618

40,415

At 31 March 2021

597

42,807

5,854

49,258

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/22

31/3/21

£

£

Trade debtors

300,585

190,236

Other debtors

85,255

9,881

385,840

200,117

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/22

31/3/21

£

£

Bank loans and overdrafts

16,453

-

Trade creditors

78,766

72,914

Taxation and social security

48,013

47,349

Other creditors

42,890

32,767

186,122

153,030

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2022 and 31 March 2021:

31/3/22

31/3/21

£

£

Mr S J Woodward and Mrs E L Woodward

Balance outstanding at start of year

(30,648

)

(6,034

)

Amounts advanced

171,476

155,386

Amounts repaid

(180,000

)

(180,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(39,172

)

(30,648

)