Bayee (Village) Catering Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 01928783 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2022

for

Bayee (Village) Catering Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs Wan Ron Yu

Mr Chun Man Yu

REGISTERED OFFICE:

122 Upper Richmond Road

LONDON

London

SW15 2SP

REGISTERED NUMBER:

01928783 (England and Wales)

ACCOUNTANTS:

WONG LANGE & CO.

Chartered Certified & Management Accountants

29-30 Frith Street

London

W1D 5LG

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

373,876

375,794

373,877

375,795

CURRENT ASSETS

Stocks

6

1,000

1,000

Debtors

7

689

2,158

Cash at bank and in hand

4,506

16,284

6,195

19,442

CREDITORS

Amounts falling due within one year

8

166,792

146,805

NET CURRENT LIABILITIES

(160,597

)

(127,363

)

TOTAL ASSETS LESS CURRENT LIABILITIES

213,280

248,432

CREDITORS

Amounts falling due after more than one year

9

164,967

195,810

NET ASSETS

48,313

52,622

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

47,313

51,622

SHAREHOLDERS' FUNDS

48,313

52,622

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 24 May 2023 and were signed on its behalf by:

Mr Chun Man Yu - Director

1.	STATUTORY INFORMATION

Bayee (Village) Catering Ltd 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 2000, is being amortised evenly over its estimated useful life of twelve 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 rate in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold Properties

- acquired in August 2000, no depreciation

required under SSAP 19

Fixture, Fitting & Equipment

- 15% on reducing balance

Computer Equipment

- 15% 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 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.

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 2 (2021 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2021

and 31 August 2022

15,391

AMORTISATION

At 1 September 2021

and 31 August 2022

15,390

NET BOOK VALUE

At 31 August 2022

1

At 31 August 2021

1

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Short

and

Computer

property

leasehold

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 September 2021

and 31 August 2022

363,005

116,393

259,807

3,623

742,828

DEPRECIATION

At 1 September 2021

-

116,393

248,127

2,514

367,034

Charge for year

-

-

1,752

166

1,918

At 31 August 2022

-

116,393

249,879

2,680

368,952

NET BOOK VALUE

At 31 August 2022

363,005

-

9,928

943

373,876

At 31 August 2021

363,005

-

11,680

1,109

375,794

Freehold Property owned by the company, ie 122 Upper Richmond Road, London, SW15 2SP was estimated current market value of approximately £800,000 by the directors with the advice of local estate agent.

6.

STOCKS

31.8.22

31.8.21

£

£

Stocks

1,000

1,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.22

31.8.21

£

£

Trade debtors

391

1,861

Other debtors

298

297

689

2,158

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.22

31.8.21

£

£

Bank loans and overdrafts

12,749

-

Trade creditors

-

4,380

Taxation and social security

4,542

1,173

Other creditors

149,501

141,252

166,792

146,805

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.22

31.8.21

£

£

Bank loans

39,075

60,390

Other creditors

125,892

135,420

164,967

195,810