Caterbar Limited - Period Ending 2023-03-31
Caterbar Limited - Period Ending 2023-03-31
Registration number:
Caterbar Limited
(A company limited by guarantee)
for the Year Ended 31 March 2023
Caterbar Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Caterbar Limited
Company Information
Chairman |
Mr H G Stephenson |
Directors |
Mr P A Lochead Mr K M Ashby Mr S P Abbott Mr B J Mayling Mr P G Coles Mr A G Hampton Mr J J Spence Mrs A C McGhee Mr J MacPherson Mr O Housden Mr T G English Mr M A Street Mr J Gelling |
Company secretary |
Mr B J Mayling |
Registered office |
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Auditors |
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Caterbar Limited
(Registration number: 11242864)
Balance Sheet as at 31 March 2023
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2023 |
2022 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Capital reserve |
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Profit and loss account |
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Total equity |
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These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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Caterbar Limited
Notes to the Financial Statements for the Year Ended 31 March 2023
General information |
The company is a company limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.
The address of its registered office is:
UK
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention.
The presentation currency is sterling.
Going concern
The financial statements have been prepared on a going concern basis. The directors are satisfied the company's members will continue to provide operational and short term funding support. The directors conclude the company will be able to meet its working capital requirements as they fall due and continue to operate for the foreseeable future.
Audit report
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Revenue recognition
Turnover represents the total value, excluding value added tax, of retrospective discount and marketing support earned with reasonable certainty from members' suppliers on the collective value of members' purchases from those suppliers during the period. Turnover recognised in advance of members' suppliers being billed is included in other debtors.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Caterbar Limited
Notes to the Financial Statements for the Year Ended 31 March 2023
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is charged so as to write off the cost of each asset less its residual value over its estimated useful life as follows:
Asset class |
Depreciation method and rate |
Office equipment |
25% per annum straight line |
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank that is readily convertible to a known amount of cash and is subject to an insignificant risk of change in value.
Trade debtors
Trade debtors comprises retrospective discount receivable invoiced prior to the year end.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at transaction price less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to their original terms.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Defined contribution pension obligation
The company operates a defined contribution plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Taxation |
2023 |
2022 |
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Current tax: |
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£ |
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UK Corporation tax |
990 |
(2,182) |
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990 |
(2,182) |
Caterbar Limited
Notes to the Financial Statements for the Year Ended 31 March 2023
Tangible assets |
Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 April 2022 |
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At 31 March 2023 |
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Depreciation |
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At 1 April 2022 |
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Charge for the year |
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At 31 March 2023 |
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Carrying amount |
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At 31 March 2023 |
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At 31 March 2022 |
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Debtors |
Current |
2023 |
2022 |
Trade debtors |
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Prepayments |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
2023 |
2022 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Reserves |
The capital reserve represents the profit and loss reserve of The Catering and Bar Equipment Supply Company Limited when its business and assets were transferred to this company on 1 April 2018.
Caterbar Limited
Notes to the Financial Statements for the Year Ended 31 March 2023
Related party transactions |
Summary of transactions with other related parties
Trade creditors include balances totalling £1,566 (2022 £nil) due to the company's members.
Accruals and deferred income includes retrospective discount and marketing support claimable by the company's members totalling £1,025,026 (2022 £1,036,669).
Other creditors include balances totalling £13,000 (2022 £13,000) due to the company's members. These balances are interest free and have no fixed repayment date. This total includes a membership deposit of £1,000 received from each member which is potentially repayable should their membership end.