The Maltings (Berwick) Catering Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 11853135 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

THE MALTINGS (BERWICK) CATERING LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

J M Lang

G M Brown

REGISTERED OFFICE:

The Maltings Theatre & Cinema

Eastern Lane

Berwick Upon Tweed

Northumberland

TD15 1AJ

REGISTERED NUMBER:

11853135 (England and Wales)

ACCOUNTANTS:

J.H. Greenwood & Company

Chartered Accountants

Ava Lodge

Castle Terrace

Berwick Upon Tweed

Northumberland

TD15 1NP

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 Balance Sheet. Readers are cautioned that the 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 The Maltings (Berwick) Catering Limited for the year ended 31 March 2022 which comprise the Profit and Loss Account, 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 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 The Maltings (Berwick) Catering 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 The Maltings (Berwick) Catering Limited and state those matters that we have agreed to state to the Board of Directors of The Maltings (Berwick) Catering 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 The Maltings (Berwick) Catering Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Maltings (Berwick) 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 profit of The Maltings (Berwick) Catering Limited. You consider that The Maltings (Berwick) Catering 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 The Maltings (Berwick) 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.

J.H. Greenwood & Company

Chartered Accountants

Ava Lodge

Castle Terrace

Berwick Upon Tweed

Northumberland

TD15 1NP

14 December 2022

FIXED ASSETS

Intangible assets

4

5,160

7,740

Tangible assets

5

9,298

5,455

14,458

13,195

CURRENT ASSETS

Stocks

6,064

3,384

Debtors

6

330

9,276

Cash at bank and in hand

24,953

12,683

31,347

25,343

CREDITORS

Amounts falling due within one year

7

28,242

12,942

NET CURRENT ASSETS

3,105

12,401

TOTAL ASSETS LESS CURRENT LIABILITIES

17,563

25,596

CREDITORS

Amounts falling due after more than one year

8

18,820

43,320

NET LIABILITIES

(1,257

)

(17,724

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(1,357

)

(17,824

)

(1,257

)

(17,724

)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 December 2022 and were signed on its behalf by:

J M Lang - Director

1.	STATUTORY INFORMATION

The Maltings (Berwick) 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, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant & equipment

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

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 Profit and Loss Account, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2021 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2021

and 31 March 2022

12,900

AMORTISATION

At 1 April 2021

5,160

Charge for year

2,580

At 31 March 2022

7,740

NET BOOK VALUE

At 31 March 2022

5,160

At 31 March 2021

7,740

5.	TANGIBLE FIXED ASSETS

Plant &

Computer

equipment

equipment

Totals

£

£

£

COST

At 1 April 2021

7,652

863

8,515

Additions

5,245

-

5,245

At 31 March 2022

12,897

863

13,760

DEPRECIATION

At 1 April 2021

2,752

308

3,060

Charge for year

1,292

110

1,402

At 31 March 2022

4,044

418

4,462

NET BOOK VALUE

At 31 March 2022

8,853

445

9,298

At 31 March 2021

4,900

555

5,455

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/22

31/3/21

£

£

Trade debtors

330

-

Other debtors

-

9,276

330

9,276

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/22

31/3/21

£

£

Bank loans and overdrafts

6,680

6,680

Trade creditors

7,154

528

Taxation and social security

8,030

6

Other creditors

6,378

5,728

28,242

12,942

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/22

31/3/21

£

£

Bank loans

18,820

43,320