Basil Catering Services Limited Filleted accounts for Companies House (small and micro)

Basil Catering Services Limited Filleted accounts for Companies House (small and micro)

BASIL CATERING SERVICES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 10167139
Basil Catering Services Limited
Filleted Unaudited Financial Statements
31 July 2023
Basil Catering Services Limited
Financial Statements
Year ended 31 July 2023
Contents
Page
Officers and professional advisers
1
Report to the director on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
4
Basil Catering Services Limited
Officers and Professional Advisers
Director
C P R Chaning-Cotter
Registered office
56 St. Johns Road
Tunbridge Wells
Kent
TN4 9NY
Accountants
Baulf-James
Chartered accountants
17-19 Station Road West
Oxted
Surrey
RH8 9EE
Basil Catering Services Limited
Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Basil Catering Services Limited
Year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Basil Catering Services Limited for the year ended 31 July 2023, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. This report is made solely to the director of Basil Catering Services Limited in accordance with the terms of our engagement letter dated 31 January 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Basil Catering Services Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Basil Catering Services Limited and its director for our work or for this report.
It is your duty to ensure that Basil Catering Services Limited 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 loss of Basil Catering Services Limited. You consider that Basil Catering Services Limited 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 financial statements of Basil Catering Services Limited. 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. Baulf-James Chartered accountants
17-19 Station Road West Oxted Surrey RH8 9EE
25 April 2024
Basil Catering Services Limited
Statement of Financial Position
31 July 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
54,253
87,123
Current assets
Debtors
6
12,952
12,256
Cash at bank and in hand
29,441
56,125
--------
--------
42,393
68,381
Creditors: amounts falling due within one year
7
297,089
289,624
---------
---------
Net current liabilities
254,696
221,243
---------
---------
Total assets less current liabilities
( 200,443)
( 134,120)
Creditors: amounts falling due after more than one year
8
162,646
167,821
---------
---------
Net liabilities
( 363,089)
( 301,941)
---------
---------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
( 364,089)
( 302,941)
---------
---------
Shareholders deficit
( 363,089)
( 301,941)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 25 April 2024 , and are signed on behalf of the board by:
C P R Chaning-Cotter
Director
Company registration number: 10167139
Basil Catering Services Limited
Notes to the Financial Statements
Year ended 31 July 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 56 St. Johns Road, Tunbridge Wells, Kent, TN4 9NY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts are prepared on a going concern basis. The Directors confirm they will continue to support the Company throughout the next 12 months.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Improvements to leasehold property
-
12% straight line
Plant, equipment and machinery
-
Computer: 10% straight line. Furniture & equipment: 15% straight line
Motor vehicles
-
20% straight line
4. Employee numbers
The average number of persons employed by the company during the year amounted to 12 (2022: 11 ).
5. Tangible assets
Improvements to leasehold property
Plant, equipment and machinery
Motor vehicles
Total
£
£
£
£
Cost
At 1 August 2022
95,389
180,194
22,490
298,073
Additions
–
4,544
–
4,544
--------
---------
--------
---------
At 31 July 2023
95,389
184,738
22,490
302,617
--------
---------
--------
---------
Depreciation
At 1 August 2022
71,542
119,317
20,091
210,950
Charge for the year
11,924
23,092
2,398
37,414
--------
---------
--------
---------
At 31 July 2023
83,466
142,409
22,489
248,364
--------
---------
--------
---------
Carrying amount
At 31 July 2023
11,923
42,329
1
54,253
--------
---------
--------
---------
At 31 July 2022
23,847
60,877
2,399
87,123
--------
---------
--------
---------
6. Debtors
2023
2022
£
£
Trade debtors
2,490
1,556
Other debtors
10,462
10,700
--------
--------
12,952
12,256
--------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
6,214
6,242
Trade creditors
455
700
Social security and other taxes
801
1,479
Other creditors
289,619
281,203
---------
---------
297,089
289,624
---------
---------
There is a floating charge registered at Companies House over the assets of the Company in favour of E Chaning-Cotter, in connection with a loan included in other creditors. A portion of the loan is also included in creditors due after more than one year. There is no interest payable on the loan provided by E Chaning-Cotter to the company.
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
32,646
37,821
Other creditors
130,000
130,000
---------
---------
162,646
167,821
---------
---------
9. Related party transactions
The shares of Basil Catering Services Limited are owned by a number of investors. No investor acting individually has the liability to control the activities of the company and consequently it is considered that there is no ultimate controlling party as defined by the Financial Reporting Standard No 8 'Related Party Disclosures'. At the balance sheet date, the company owed £31,570 (2022: (£24,142)) to Basil Wholefoods Ltd.
10. Other operating income
Other operating income for the year is £Nil (2022: £2,738) and includes grants received from the Government in relation to the current pandemic.