SPECIAL_CATERING_COMPANY_ - Accounts

SPECIAL CATERING COMPANY LIMITED - Company Information

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Company Registration No. 08539231 (England and Wales)

SPECIAL CATERING COMPANY LIMITED

ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

SPECIAL CATERING COMPANY LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

SPECIAL CATERING COMPANY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

5,699

7,977

Current assets

Stocks

32,325

43,652

Debtors

240,001

296,120

Cash at bank and in hand

73,734

108,076

346,060

447,848

Creditors: amounts falling due within one year

(347,809)

(441,854)

Net current liabilities/(assets)

(1,749)

5,994

Total assets less current liabilities

3,950

13,971

Provisions for liabilities

(1,140)

(1,595)

2,810

12,376

Capital and reserves

Called up share capital

100

Profit and loss account

2,710

12,276

Shareholders' funds

2,810

12,376

For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 30 March 2017

P Heathcote

Director

Company Registration No. 08539231

SPECIAL CATERING COMPANY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

20% straight line method

Computer equipment

20% straight line method

1.4

Stock

Stock is valued at the lower of cost and net realisable value.

1.5

Pensions

The regular cost of providing retirement pensions and related benefits is charged to the profit and loss account over the employees' service lives on the basis of a constant percentage of earnings. Any difference between the charge to the profit and loss account and the contributions paid to the scheme is shown as an asset or liability in the balance sheet.

1.6

Deferred taxation

Deferred taxation is recognised in respect of all timing differences which have originated but not reversed at the balance sheet date. Timing differences are differences between taxable profits and the results as stated in the financial statements which arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised for tax purposes.

Deferred tax is measured at the average tax rates which are expected to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws which have been enacted or substantively enacted by the balance sheet date. Deferred tax is measured on a non-discounted basis.

SPECIAL CATERING COMPANY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2016

- 3 -

Fixed assets

Tangible assets

Cost

At 1 July 2015 & at 30 June 2016

11,383

Depreciation

At 1 July 2015

3,407

Charge for the year

2,277

At 30 June 2016

5,684

Net book value

At 30 June 2016

5,699

At 30 June 2015

7,977

Share capital

2016

2015

Allotted, called up and fully paid

100 ordinary shares of £1 each

100

Ultimate parent company

The ultimate parent company is Special Catering Holdings Limited, a company incorporated in England & Wales which is also controlled controlled by the directors, P Heathcote and G Bates by virtue of their shareholding.