Macdonalds (Catering Equipment) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01052813 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021

FOR

MACDONALDS (CATERING EQUIPMENT) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

Mrs J Macdonald

Mrs S J Coburn

J D Coburn

SECRETARY:

Mrs J Macdonald

REGISTERED OFFICE:

29 Welbeck Street

London

W1G 8DA

REGISTERED NUMBER:

01052813 (England and Wales)

ACCOUNTANTS:

Ward Divecha Limited

Chartered Accountants &

Statutory Auditors

29 Welbeck Street

London

W1G 8DA

BANKERS:

National Westminster Bank Plc

St James' & Piccadilly Branch

PO Box 2DG

208 Piccadilly

London

W1J 9HE

FIXED ASSETS

Tangible assets

4

25,933

28,509

CURRENT ASSETS

Debtors

5

50,466

37,626

Cash at bank and in hand

72,730

49,396

123,196

87,022

CREDITORS

Amounts falling due within one year

6

52,053

46,879

NET CURRENT ASSETS

71,143

40,143

TOTAL ASSETS LESS CURRENT LIABILITIES

97,076

68,652

CREDITORS

Amounts falling due after more than one year

7

2,906

6,781

NET ASSETS

94,170

61,871

CAPITAL AND RESERVES

Called up share capital

100,000

100,000

Retained earnings

(5,830

)

(38,129

)

SHAREHOLDERS' FUNDS

94,170

61,871

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 February 2022 and were signed on its behalf by:

J D Coburn - Director

1.	STATUTORY INFORMATION

Macdonalds (Catering Equipment) 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 services and rental income, excluding value added tax.

Tangible fixed assets

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery 25% on written down value

Motor Vehicles 25% on written down value

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 5 (2020 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 June 2020

and 31 May 2021

18,201

284,143

41,995

344,339

DEPRECIATION

At 1 June 2020

-

283,150

32,680

315,830

Charge for year

-

248

2,328

2,576

At 31 May 2021

-

283,398

35,008

318,406

NET BOOK VALUE

At 31 May 2021

18,201

745

6,987

25,933

At 31 May 2020

18,201

993

9,315

28,509

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Motor

vehicles

£

COST

At 1 June 2020

and 31 May 2021

16,500

DEPRECIATION

At 1 June 2020

7,219

Charge for year

2,320

At 31 May 2021

9,539

NET BOOK VALUE

At 31 May 2021

6,961

At 31 May 2020

9,281

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

14,821

16,067

Other debtors

35,645

21,559

50,466

37,626

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

973

(3

)

Taxation and social security

8,900

8,133

Other creditors

42,180

38,749

52,053

46,879

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Other creditors

2,906

6,781

8.	RELATED PARTY TRANSACTIONS

The Company is paying rent to the Clayton Jones pension fund where the directors are also trustees of the pension fund.

As at 31st of May 2021, the director owes £27,644 (2020:£21,559) to the company.

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 Macdonalds (Catering Equipment) Limited for the year ended 31 May 2021 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity 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 Macdonalds (Catering Equipment) 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 Macdonalds (Catering Equipment) Limited and state those matters that we have agreed to state to the Board of Directors of Macdonalds (Catering Equipment) 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 Macdonalds (Catering Equipment) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Macdonalds (Catering Equipment) 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 Macdonalds (Catering Equipment) Limited. You consider that Macdonalds (Catering Equipment) 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 Macdonalds (Catering Equipment) 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.

Ward Divecha Limited

Chartered Accountants &

Statutory Auditors

29 Welbeck Street

London

W1G 8DA

22 February 2022