NORTH & SOUTH CHEFS LTD

NORTH & SOUTH CHEFS LTD

NORTH & SOUTH CHEFS LTD - Company Information

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1 January 2021 false No description of principal activity Taxfiler 2022.11.1 SC646593business:PrivateLimitedCompanyLtd2021-01-012021-12-31 SC6465932020-12-31 SC6465932021-01-012021-12-31 SC646593business:AuditExemptWithAccountantsReport2021-01-012021-12-31 SC646593business:FullAccounts2021-01-012021-12-31 SC6465932021-12-31 SC646593business:Director12021-01-012021-12-31 SC646593business:RegisteredOffice2021-01-012021-12-31 SC6465932020-12-31 SC646593core:WithinOneYear2021-12-31 SC646593core:WithinOneYear2020-12-31 SC646593core:AfterOneYear2021-12-31 SC646593core:AfterOneYear2020-12-31 SC646593core:ShareCapital2021-12-31 SC646593core:ShareCapital2020-12-31 SC646593core:RetainedEarningsAccumulatedLosses2021-12-31 SC646593core:RetainedEarningsAccumulatedLosses2020-12-31 SC646593business:SmallEntities2021-01-012021-12-31 SC646593countries:Scotland2021-01-012021-12-31 SC646593core:PlantMachinery2021-01-012021-12-31 SC646593core:PlantMachinery2020-12-31 SC646593core:PlantMachinery2021-12-31 SC6465932020-01-012020-12-31 iso4217:GBP xbrli:pure
Company Registration No. SC646593 (Scotland)
NORTH & SOUTH CHEFS LTD Unaudited accounts for the year ended 31 December 2021
NORTH & SOUTH CHEFS LTD Unaudited accounts Contents
Page
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NORTH & SOUTH CHEFS LTD Company Information for the year ended 31 December 2021
Director
Sabreena Perungodan
Company Number
SC646593 (Scotland)
Registered Office
c/o Avid Accountants 21 Blythswood Square Glasgow G2 4BL United Kingdom
Accountants
Avid Accountants Ltd 21 Blythswood Square Glasgow G2 4BL
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Accountants' report on the preparation of the unaudited statutory statements of NORTH & SOUTH CHEFS LTD (The Company) for the year ended 31 December 2021
In order to assist you as the sole director to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company for the year ended 31 December 2021 which comprises of the profit and loss account, the balance sheet, and explanatory notes from the company's accounting records and from information and explanations which you have provided us with.
As a member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.
This report is made solely to you as the sole director of the company, in accordance with the terms of our letter of engagement dated . Our work has been undertaken solely to prepare for your approval the financial statements of the company, and state those matters that we have agreed to state to you, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and you as the sole director for our work or for this report.
It is your duty to ensure that the company 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 financial performance of the company. You consider that the company is exempt from the statutory audit requirement for the year ended 31 December 2021.
We have not been instructed to carry out any assurance service on the financial statements of the company. 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.
Avid Accountants Ltd Financial Accountants 21 Blythswood Square Glasgow G2 4BL 23 January 2023
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NORTH & SOUTH CHEFS LTD Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
841 
1,262 
Current assets
Inventories
4,726 
4,726 
Debtors
5
84,645 
- 
Cash at bank and in hand
5,067 
75,696 
94,438 
80,422 
Creditors: amounts falling due within one year
6
(54,603)
(23,451)
Net current assets
39,835 
56,971 
Total assets less current liabilities
40,676 
58,233 
Creditors: amounts falling due after more than one year
7
(40,000)
(50,000)
Net assets
676 
8,233 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
675 
8,232 
Shareholders' funds
676 
8,233 
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 January 2023 and were signed on its behalf by
Sabreena Perungodan Director Company Registration No. SC646593
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NORTH & SOUTH CHEFS LTD Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
NORTH & SOUTH CHEFS LTD is a private company, limited by shares, registered in Scotland, registration number SC646593. The registered office is c/o Avid Accountants , 21 Blythswood Square, Glasgow, G2 4BL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 December 2021 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2020. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25%
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2021
1,683 
At 31 December 2021
1,683 
Depreciation
At 1 January 2021
421 
Charge for the year
421 
At 31 December 2021
842 
Net book value
At 31 December 2021
841 
At 31 December 2020
1,262 
5
Debtors
2021 
2020 
£ 
£ 
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NORTH & SOUTH CHEFS LTD Notes to the Accounts for the year ended 31 December 2021
Amounts falling due within one year
Other debtors
84,645 
- 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Bank loans and overdrafts
10,000 
- 
VAT
20,529 
2,570 
Trade creditors
- 
6,848 
Taxes and social security
24,074 
8,853 
Other creditors
- 
180 
Loans from directors
- 
5,000 
54,603 
23,451 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
40,000 
50,000 
8
Average number of employees
During the year the average number of employees was 20 (2020: 15).
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