F&G Catering Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10867134 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2019

FOR

F&G CATERING SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G M Gorman

REGISTERED OFFICE:

282 Glossop Road

Sheffield

S10 2HS

REGISTERED NUMBER:

10867134 (England and Wales)

ACCOUNTANTS:

Jones Thorne Limited

The Masters House

92a Arundel Street

Sheffield

South Yorkshire

S1 4RE

FIXED ASSETS

Intangible assets

4

6,000

8,000

Tangible assets

5

2,025

2,700

8,025

10,700

CURRENT ASSETS

Debtors

6

1,156

615

Cash at bank and in hand

4,613

1,284

5,769

1,899

CREDITORS

Amounts falling due within one year

7

15,003

10,663

NET CURRENT LIABILITIES

(9,234

)

(8,764

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,209

)

1,936

PROVISIONS FOR LIABILITIES

486

486

NET (LIABILITIES)/ASSETS

(1,695

)

1,450

CAPITAL AND RESERVES

Called up share capital

8

10

10

Retained earnings

(1,705

)

1,440

SHAREHOLDERS' FUNDS

(1,695

)

1,450

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2019 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 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 and authorised for issue on 30 April 2020 and were signed by:

G M Gorman - Director

1.	STATUTORY INFORMATION

F&G Catering Services 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 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.

The financial statements have been prepared on a going concern basis.

The company is supported by the director's. The director's have indicated that they will

continue to support the company until it is able to meet its debts as they fall due. The

financial statements do not include any adjustments which would be required should this

support be withdrawn.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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

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

Plant and machinery etc

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis

over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - 4 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2018

and 31 July 2019

10,000

AMORTISATION

At 1 August 2018

2,000

Amortisation for year

2,000

At 31 July 2019

4,000

NET BOOK VALUE

At 31 July 2019

6,000

At 31 July 2018

8,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 August 2018

and 31 July 2019

3,600

DEPRECIATION

At 1 August 2018

900

Charge for year

675

At 31 July 2019

1,575

NET BOOK VALUE

At 31 July 2019

2,025

At 31 July 2018

2,700

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.19

31.7.18

£

£

Other debtors

1,156

615

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.19

31.7.18

£

£

Trade creditors

1,434

455

Taxation and social security

356

352

Other creditors

13,213

9,856

15,003

10,663

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.19

31.7.18

value:

£

£

10

Ordinary

1

10

10

9.	ULTIMATE CONTROLLING PARTY

The controlling party is G M Gorman.