S & L Catering Ltd - Limited company - abbreviated - 11.0.0
S & L Catering Ltd - Limited company - abbreviated - 11.0.0
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 31 December 2013 |
| for |
| S & L Catering Ltd |
| S & L Catering Ltd (Registered number: 04848218) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 December 2013 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Report of the Accountants | 7 |
| S & L Catering Ltd |
| Company Information |
| for the Year Ended 31 December 2013 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| S & L Catering Ltd (Registered number: 04848218) |
| Abbreviated Balance Sheet |
| 31 December 2013 |
| 31.12.13 | 31.12.12 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| Investments | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
5 |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| S & L Catering Ltd (Registered number: 04848218) |
| Abbreviated Balance Sheet - continued |
| 31 December 2013 |
| The financial statements were approved by the Board of Directors on by: |
| S & L Catering Ltd (Registered number: 04848218) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 December 2013 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Goodwill |
| Goodwill, being the amount of £625,000 paid in connection with the acquisition of a business on 1 September |
| 2003, is being written of evenly over it's estimated useful life. However, the directors do not consider any write |
| of to be appropriate as the value of goodwill has been maintained in the current year. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
| under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
| are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
| capital element of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
| period of the lease. |
| 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 the profit and loss account in the period to which they relate. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 January 2013 |
| Reclassification/transfer |
| At 31 December 2013 |
| NET BOOK VALUE |
| At 31 December 2013 |
| At 31 December 2012 |
| S & L Catering Ltd (Registered number: 04848218) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 December 2013 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 January 2013 |
| Additions |
| At 31 December 2013 |
| DEPRECIATION |
| At 1 January 2013 |
| Charge for year |
| At 31 December 2013 |
| NET BOOK VALUE |
| At 31 December 2013 |
| At 31 December 2012 |
| 4. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 January 2013 | 82,233 |
| Reclassification/transfer | (82,233 | ) |
| At 31 December 2013 | - |
| NET BOOK VALUE |
| At 31 December 2013 |
| At 31 December 2012 |
| The company's investments at the balance sheet date in the share capital of companies include the following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| The company acquired Green Park Foods Limited on the 8th November 2010. An additional £28,353 of deferred |
| consideration was to be payable within 30 days of the anniversary of completion. |
| The directors' paid the balance of £28,353 together with legal costs during 2012. |
| Greenpark trade and assets has been absorbed into S & L Catering Limited and from 2013 this has been shown |
| as purchased goodwill. This reflects the price paid over the balance of the value of net assets |
| 5. | CREDITORS |
| Creditors include an amount of £ |
| S & L Catering Ltd (Registered number: 04848218) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 December 2013 |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.12.13 | 31.12.12 |
| value: | £ | £ |
| Ordinary | £1 |
| 7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The directors' loans carry interest at 5%, this has been waived in the accounts |
| The Loan with Hoptonbrow Limited, a company controlled by J Dedman also carries interest at 5%. |
| During the year services were purchased from Hoptonbrow to the value of £78,597 (2013 £20,400) unpaid |
| balances on these services also carry interest at 5%.Interest has been waived in 2013 and earlier years. |
| The outstanding director's loan Mr Lisle had with the company was to be repaid by the 27th May 2012 the |
| repayment period was extended. The loan is shown within the other creditors figure on the balance sheet at |
| 61,604. This amount is currently subject to a legal review and may not become due pending agreement |
| S & L Catering Ltd |
| Report of the Accountants to the Directors of |
| S & L Catering Ltd |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to six) have |
| been prepared. |
| As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended |
| 31 December 2013 set out on pages three to seven and you consider that the company is exempt from an audit. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to |
| fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
| 30 September 2014 |