Moray Catering Equipment Ltd

Moray Catering Equipment Ltd

MORAY CATERING EQUIPMENT LIMITED - Company Information

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1 June 2021 false No description of principal activity Taxfiler 2023.5 SC203820business:PrivateLimitedCompanyLtd2021-06-012022-05-31 SC2038202021-05-31 SC2038202021-06-012022-05-31 SC203820business:AuditExemptWithAccountantsReport2021-06-012022-05-31 SC203820business:FullAccounts2021-06-012022-05-31 SC2038202022-05-31 SC203820business:Director12021-06-012022-05-31 SC203820business:Director22021-06-012022-05-31 SC203820business:RegisteredOffice2021-06-012022-05-31 SC2038202021-05-31 SC203820core:WithinOneYear2022-05-31 SC203820core:WithinOneYear2021-05-31 SC203820core:AfterOneYear2022-05-31 SC203820core:AfterOneYear2021-05-31 SC203820core:ShareCapital2022-05-31 SC203820core:ShareCapital2021-05-31 SC203820core:RetainedEarningsAccumulatedLosses2022-05-31 SC203820core:RetainedEarningsAccumulatedLosses2021-05-31 SC203820business:SmallEntities2021-06-012022-05-31 SC203820countries:Scotland2021-06-012022-05-31 SC203820core:PlantMachinery2021-06-012022-05-31 SC203820core:Goodwill2021-05-31 SC203820core:Goodwill2022-05-31 SC203820core:Goodwill2021-06-012022-05-31 SC203820core:PlantMachinery2021-05-31 SC203820core:PlantMachinery2022-05-31 SC203820business:Director112021-06-012022-05-31 SC203820business:Director112021-05-31 SC203820business:Director112022-05-31 SC203820business:Director222021-06-012022-05-31 SC203820business:Director222021-05-31 SC203820business:Director222022-05-31 SC2038202020-06-012021-05-31 iso4217:GBP xbrli:pure
Company Registration No. SC203820 (Scotland)
Moray Catering Equipment Ltd Accounts for the year ended 31 May 2022
Moray Catering Equipment Ltd Accounts Contents
Page
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Moray Catering Equipment Ltd Company Information for the year ended 31 May 2022
Directors
Alan Finlay Alan Murphy
Company Number
SC203820 (Scotland)
Registered Office
1 Chanonry Road South Elgin Moray IV30 6NG
Accountants
Cameron Consulting (Scotland) Ltd 7 Poles Road Dornoch IV25 3HP
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Moray Catering Equipment Ltd Statement of financial position as at 31 May 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
- 
3,000 
Tangible assets
5
1,975 
2,469 
1,975 
5,469 
Current assets
Inventories
16,401 
16,401 
Debtors
6
96,930 
65,563 
Cash at bank and in hand
11,654 
2,586 
124,985 
84,550 
Creditors: amounts falling due within one year
7
(98,428)
(42,076)
Net current assets
26,557 
42,474 
Total assets less current liabilities
28,532 
47,943 
Creditors: amounts falling due after more than one year
8
(37,500)
(50,000)
Net liabilities
(8,968)
(2,057)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(8,970)
(2,059)
Shareholders' funds
(8,968)
(2,057)
For the year ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 26 May 2023 and were signed on its behalf by
Alan Finlay Director Company Registration No. SC203820
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Moray Catering Equipment Ltd Notes to the Accounts for the year ended 31 May 2022
1
Statutory information
Moray Catering Equipment Ltd is a private company, limited by shares, registered in Scotland, registration number SC203820. The registered office is 1 Chanonry Road South, Elgin, Moray, IV30 6NG.
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.
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
20% to 25% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 June 2021
60,000 
At 31 May 2022
60,000 
Amortisation
At 1 June 2021
57,000 
Charge for the year
3,000 
At 31 May 2022
60,000 
Net book value
At 31 May 2022
- 
At 31 May 2021
3,000 
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Moray Catering Equipment Ltd Notes to the Accounts for the year ended 31 May 2022
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 June 2021
22,802 
At 31 May 2022
22,802 
Depreciation
At 1 June 2021
20,333 
Charge for the year
494 
At 31 May 2022
20,827 
Net book value
At 31 May 2022
1,975 
At 31 May 2021
2,469 
6
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
44,034 
48,584 
Accrued income and prepayments
440 
440 
Other debtors
52,456 
16,539 
96,930 
65,563 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
10,101 
2,024 
VAT
8,730 
2,158 
Trade creditors
69,480 
24,592 
Taxes and social security
4,927 
10,309 
Other creditors
5,190 
2,993 
98,428 
42,076 
8
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
37,500 
50,000 
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Moray Catering Equipment Ltd Notes to the Accounts for the year ended 31 May 2022
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Alan Finlay
Loan
- 
20,625 
- 
20,625 
Alan Murphy
Loan
- 
20,625 
- 
20,625 
- 
41,250 
- 
41,250 
10
Average number of employees
During the year the average number of employees was 3 (2021: 3).
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