Tak Fat Catering Supplies Limited - Accounts to registrar (filleted) - small 18.2
Tak Fat Catering Supplies Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31st May 2018 |
| for |
| TAK FAT CATERING SUPPLIES LIMITED |
| TAK FAT CATERING SUPPLIES LIMITED (REGISTERED NUMBER: 01771601) |
| Contents of the Financial Statements |
| for the Year Ended 31st May 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| TAK FAT CATERING SUPPLIES LIMITED |
| Company Information |
| for the Year Ended 31st May 2018 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| 41 St Thomas's Road |
| Chorley |
| Lancashire |
| PR7 1JE |
| TAK FAT CATERING SUPPLIES LIMITED (REGISTERED NUMBER: 01771601) |
| Balance Sheet |
| 31st May 2018 |
| 31.5.18 | 31.5.17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 9 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Share premium | 11 |
| Revaluation reserve | 11 |
| Retained earnings | 11 |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| TAK FAT CATERING SUPPLIES LIMITED (REGISTERED NUMBER: 01771601) |
| Balance Sheet - continued |
| 31st May 2018 |
| 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 |
| TAK FAT CATERING SUPPLIES LIMITED (REGISTERED NUMBER: 01771601) |
| Notes to the Financial Statements |
| for the Year Ended 31st May 2018 |
| 1. | STATUTORY INFORMATION |
| Tak Fat Catering Supplies Limited is a |
| 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 |
| Revenue recognition |
| The turnover shown in the profit and loss account represents goods supplied to customers during the year, |
| exclusive of Value Added Tax. |
| Tangible fixed assets |
| Freehold property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| The freehold property is stated at deemed cost as it is held at valuation at the date of transition to FRS 102. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Financial instruments |
| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 |
| 'Other Financial Instruments' of FRS 102 to all its financial instruments. |
| Financial instruments are recognised in the company's balance sheet when the company becomes party to the |
| contractual provisions of the instrument. |
| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there |
| is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or |
| to realise the asset and settle the liability simultaneously. |
| 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. |
| TAK FAT CATERING SUPPLIES LIMITED (REGISTERED NUMBER: 01771601) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st May 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
| balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling |
| at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| 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 profit or loss over the relevant period. The capital element |
| of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate. |
| Cash and cash equivalents |
| Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank |
| overdrafts, when applicable, are shown within borrowings in current liabilities. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| TAK FAT CATERING SUPPLIES LIMITED (REGISTERED NUMBER: 01771601) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st May 2018 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | Plant and | and |
| property | machinery | fittings |
| £ | £ | £ |
| COST |
| At 1st June 2017 |
| At 31st May 2018 |
| DEPRECIATION |
| At 1st June 2017 |
| Charge for year |
| Eliminated on disposal |
| At 31st May 2018 |
| NET BOOK VALUE |
| At 31st May 2018 |
| At 31st May 2017 |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1st June 2017 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31st May 2018 |
| DEPRECIATION |
| At 1st June 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31st May 2018 |
| NET BOOK VALUE |
| At 31st May 2018 |
| At 31st May 2017 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.5.18 | 31.5.17 |
| £ | £ |
| Trade debtors |
| VAT Debtor | 4,086 | 1,759 |
| Tax | 4,732 | 4,732 |
| Prepayments |
| TAK FAT CATERING SUPPLIES LIMITED (REGISTERED NUMBER: 01771601) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st May 2018 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.5.18 | 31.5.17 |
| £ | £ |
| Other loans |
| Trade creditors |
| Social security and other taxes |
| Directors' current accounts | 5,000 | 13,065 |
| Accrued expenses |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.5.18 | 31.5.17 |
| £ | £ |
| Other loans - 1-2 years |
| Other loans - 2-5 years |
| 8. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 31.5.18 | 31.5.17 |
| £ | £ |
| Within one year |
| Between one and five years |
| 9. | PROVISIONS FOR LIABILITIES |
| 31.5.18 | 31.5.17 |
| £ | £ |
| Deferred tax | 32,817 | 50,447 |
| Deferred |
| tax |
| £ |
| Balance at 1st June 2017 |
| Movement in year | (17,630 | ) |
| Balance at 31st May 2018 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.5.18 | 31.5.17 |
| value: | £ | £ |
| Ordinary shares | £1 | 100 | 100 |
| TAK FAT CATERING SUPPLIES LIMITED (REGISTERED NUMBER: 01771601) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st May 2018 |
| 11. | RESERVES |
| Retained | Share | Revaluation |
| earnings | premium | reserve | Totals |
| £ | £ | £ | £ |
| At 1st June 2017 | 981,639 |
| Deficit for the year | ( |
) | ( |
) |
| Transfer | 2,356 | - | (2,356 | ) | - |
| At 31st May 2018 | 958,681 |