Southsea Catering Ltd

Southsea Catering Ltd

SOUTHSEA CATERING LTD - Company Information

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1 November 2021 false No description of principal activity Taxfiler 2022.12 08724301business:PrivateLimitedCompanyLtd2021-11-012022-10-31 087243012021-10-31 087243012021-11-012022-10-31 08724301business:AuditExemptWithAccountantsReport2021-11-012022-10-31 08724301business:FullAccounts2021-11-012022-10-31 087243012022-10-31 08724301business:Director12021-11-012022-10-31 08724301business:RegisteredOffice2021-11-012022-10-31 087243012021-10-31 08724301core:WithinOneYear2022-10-31 08724301core:WithinOneYear2021-10-31 08724301core:ShareCapital2022-10-31 08724301core:ShareCapital2021-10-31 08724301core:RetainedEarningsAccumulatedLosses2022-10-31 08724301core:RetainedEarningsAccumulatedLosses2021-10-31 08724301business:SmallEntities2021-11-012022-10-31 08724301countries:EnglandWales2021-11-012022-10-31 08724301core:PlantMachinery2021-11-012022-10-31 08724301core:FurnitureFittings2021-11-012022-10-31 08724301core:LandBuildings2021-10-31 08724301core:PlantMachinery2021-10-31 08724301core:FurnitureFittings2021-10-31 08724301core:LandBuildings2021-11-012022-10-31 08724301core:LandBuildings2022-10-31 08724301core:PlantMachinery2022-10-31 08724301core:FurnitureFittings2022-10-31 08724301business:OrdinaryShareClass12021-11-012022-10-31 08724301business:OrdinaryShareClass12020-11-012021-10-31 08724301business:Director112021-11-012022-10-31 08724301business:Director112021-10-31 08724301business:Director112022-10-31 087243012020-11-012021-10-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 08724301 (England and Wales)
Southsea Catering Ltd Unaudited accounts for the year ended 31 October 2022
Southsea Catering Ltd Unaudited accounts Contents
Page
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Southsea Catering Ltd Company Information for the year ended 31 October 2022
Director
Jonathon Welch
Company Number
08724301 (England and Wales)
Registered Office
54 Empshott Road Southsea PO4 8BY
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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Southsea Catering Ltd Accountants' report
Accountants' report to the director of Southsea Catering Ltd on the preparation of the unaudited statutory accounts for the year ended 31 October 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Southsea Catering Ltd for the year ended 31 October 2022 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Southsea Catering Ltd , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Southsea Catering Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Southsea Catering Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Southsea Catering Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Southsea Catering Ltd . You consider that Southsea Catering Ltd 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 accounts of Southsea Catering Ltd . 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 accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 11 January 2023
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Southsea Catering Ltd Statement of financial position as at 31 October 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
31,207 
37,117 
Current assets
Inventories
5,703 
6,000 
Debtors
5
31,613 
33,599 
Cash at bank and in hand
20,774 
63,879 
58,090 
103,478 
Creditors: amounts falling due within one year
6
(89,297)
(138,571)
Net current liabilities
(31,207)
(35,093)
Net assets
- 
2,024 
Capital and reserves
Called up share capital
7
100 
100 
Profit and loss account
(100)
1,924 
Shareholders' funds
- 
2,024 
For the year ending 31 October 2022 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 his 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 11 January 2023 and were signed on its behalf by
Jonathon Welch Director Company Registration No. 08724301
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Southsea Catering Ltd Notes to the Accounts for the year ended 31 October 2022
1
Statutory information
Southsea Catering Ltd is a private company, limited by shares, registered in England and Wales, registration number 08724301. The registered office is 54 Empshott Road, Southsea, PO4 8BY.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2021
20,490 
25,410 
38,318 
84,218 
Additions
- 
267 
- 
267 
At 31 October 2022
20,490 
25,677 
38,318 
84,485 
Depreciation
At 1 November 2021
10,245 
18,766 
18,090 
47,101 
Charge for the year
2,049 
1,680 
2,448 
6,177 
At 31 October 2022
12,294 
20,446 
20,538 
53,278 
Net book value
At 31 October 2022
8,196 
5,231 
17,780 
31,207 
At 31 October 2021
10,245 
6,644 
20,228 
37,117 
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Southsea Catering Ltd Notes to the Accounts for the year ended 31 October 2022
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,844 
1,503 
Other debtors
29,769 
32,096 
31,613 
33,599 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
20,573 
29,261 
Trade creditors
13,568 
22,561 
Taxes and social security
33,953 
67,251 
Other creditors
126 
338 
Accruals
21,077 
19,160 
89,297 
138,571 
7
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Jonathon Welch
Director Loan Account
32,096 
(54,033)
(51,706)
29,769 
32,096 
(54,033)
(51,706)
29,769 
9
Controlling party
The ultimate controlling party is Jonathon Welch.
10
Average number of employees
During the year the average number of employees was 21 (2021: 20).
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