The Bleeding Heart Catering Co. Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04750715 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2017

for

The Bleeding Heart Catering Co. Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms K Davenport

SECRETARY:

M Gor

REGISTERED OFFICE:

Suite A, 10th Floor Maple House

High Street

Potters Bar

Hertfordshire

EN6 5BS

REGISTERED NUMBER:

04750715 (England and Wales)

ACCOUNTANTS:

The Greene Partnership LLP

Accountants

Suite A, 10th Floor Maple House

High Street

Potters Bar

Hertfordshire

EN6 5BS

FIXED ASSETS

Tangible assets

4

1,278,698

655,938

Investments

5

1

1

1,278,699

655,939

CURRENT ASSETS

Stocks

25,850

26,570

Debtors

6

183,417

221,453

Cash at bank and in hand

386,843

649,073

596,110

897,096

CREDITORS

Amounts falling due within one year

7

346,374

359,117

NET CURRENT ASSETS

249,736

537,979

TOTAL ASSETS LESS CURRENT LIABILITIES

1,528,435

1,193,918

CREDITORS

Amounts falling due after more than one year

8

131,894

23,167

NET ASSETS

1,396,541

1,170,751

CAPITAL AND RESERVES

Called up share capital

11

1,000

1,000

Retained earnings

1,395,541

1,169,751

SHAREHOLDERS' FUNDS

1,396,541

1,170,751

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 25 October 2017 and were signed by:

Ms K Davenport - Director

1.	STATUTORY INFORMATION

The Bleeding Heart Catering Co. Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures, fittings & equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

The company's leasehold properties have a remaining life in excess of 50 years and the properties are regularly

maintained to a high standard. The company also has an interest in the company that owns the freehold interest.

On this basis, the director believes that the properties do not need to be depreciated as the properties values are

being maintained and are fairly reflected in the financial statements.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

4.	TANGIBLE FIXED ASSETS

Long

Fixtures,

leasehold

fittings

Motor

& improvements

& equipment

vehicles

Totals

£

£

£

£

COST

At 1 June 2016

516,569

254,162

21,500

792,231

Additions

630,131

21,485

16,408

668,024

Disposals

-

-

(3,000

)

(3,000

)

At 31 May 2017

1,146,700

275,647

34,908

1,457,255

DEPRECIATION

At 1 June 2016

-

124,918

11,375

136,293

Charge for year

-

37,682

6,317

43,999

Eliminated on disposal

-

-

(1,735

)

(1,735

)

At 31 May 2017

-

162,600

15,957

178,557

NET BOOK VALUE

At 31 May 2017

1,146,700

113,047

18,951

1,278,698

At 31 May 2016

516,569

129,244

10,125

655,938

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 June 2016

and 31 May 2017

1

NET BOOK VALUE

At 31 May 2017

1

At 31 May 2016

1

The company owns an interest in the company that owns the freehold interest. On this basis, the director believes

that at present the leasehold property does not need to be depreciated.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Trade debtors

172,286

205,582

Other debtors

3,800

11,000

Prepayments

7,331

4,871

183,417

221,453

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Bank loans and overdrafts (see note 9)

34,982

21,317

Trade creditors

104,730

133,474

Tax

75,179

64,026

Social security and other taxes

3,673

1,114

VAT

65,201

83,863

Other creditors

40,168

40,168

Directors' current accounts

2,406

1,015

Accrued expenses

20,035

14,140

346,374

359,117

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.17

31.5.16

£

£

Bank loans (see note 9)

131,894

23,167

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

76,021

-

9.

LOANS

An analysis of the maturity of loans is given below:

31.5.17

31.5.16

£

£

Amounts falling due within one year or on demand:

Bank loans

34,982

21,317

Amounts falling due between one and two years:

Bank loans - 1-2 years

13,293

23,167

Amounts falling due between two and five years:

Bank loans - 2-5 years

42,580

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

76,021

-

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.17

31.5.16

£

£

Bank loans

166,876

44,484

Bank loan are secured by way of fixed charge over the company's properties.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.17

31.5.16

value:

£

£

1,000

Ordinary

£1

1,000

1,000

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Ms K Davenport.