Pulse Catering Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10345103 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2019

for

PULSE CATERING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Duncan

REGISTERED OFFICE:

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

REGISTERED NUMBER:

10345103 (England and Wales)

FIXED ASSETS

Intangible assets

4

1,400

1,600

Tangible assets

5

6,244

9,236

7,644

10,836

CURRENT ASSETS

Stocks

2,876

3,349

Debtors

6

20,147

15,555

23,023

18,904

CREDITORS

Amounts falling due within one year

7

(29,026

)

(45,075

)

NET CURRENT LIABILITIES

(6,003

)

(26,171

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,641

(15,335

)

PROVISIONS FOR LIABILITIES

8

(1,186

)

-

NET ASSETS/(LIABILITIES)

455

(15,335

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

355

(15,435

)

SHAREHOLDERS' FUNDS

455

(15,335

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 9 March 2020 and were signed by:

S Duncan - Director

1.	STATUTORY INFORMATION

Pulse Catering Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Significant judgements and estimates

Preparation of the financial statements requires management to make significant judgements and estimates and

these estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates

are recognised in the period in which the estimate is revised if the revision affects only that period, or in the

period of the revision and future periods if the revision affects both current and future periods.

The items in the financial statements where these judgements and estimates have been made include, but are not

limited to, the useful economic life of tangible fixed assets, the depreciation of these assets, provisions and the

recoverability of debtors.

Turnover

Turnover represents the fair value of consideration receivable for catering event services provided, net of VAT

and trade discounts. Revenue is recognised on the date that the services are provided.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and

accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating

as intended by management.

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

life.

Fixtures & fittings

-

20% on cost

Equipment

-

25% on cost

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual

arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of

the entity after deducting all of its financial liabilities.

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.

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.

Impairment

At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is

any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable

amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not

possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the

cash-generating unit to which the asset belongs.

Going concern

The director has a reasonable expectation that the company has adequate resources to continue in existence for

the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its

financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2018 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2018

and 31 August 2019

2,000

AMORTISATION

At 1 September 2018

400

Charge for year

200

At 31 August 2019

600

NET BOOK VALUE

At 31 August 2019

1,400

At 31 August 2018

1,600

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 September 2018

and 31 August 2019

766

14,000

14,766

DEPRECIATION

At 1 September 2018

191

5,339

5,530

Charge for year

192

2,800

2,992

At 31 August 2019

383

8,139

8,522

NET BOOK VALUE

At 31 August 2019

383

5,861

6,244

At 31 August 2018

575

8,661

9,236

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

20,147

15,555

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

8,081

27,804

Trade creditors

330

658

Taxation and social security

19,155

13,796

Other creditors

1,460

2,817

29,026

45,075

8.	PROVISIONS FOR LIABILITIES

2019

2018

£

£

Deferred tax

1,186

-

Deferred

tax

£

Accelerated capital allowances

1,186

Balance at 31 August 2019

1,186

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

Ordinary

£1

100

100