P.C. Catering Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04933056 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2019

FOR

P.C. CATERING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P A Cook

REGISTERED OFFICE:

Unit 6G Oldgate

St Michaels Industrial Estate

Widnes

Cheshire

WA8 8TL

REGISTERED NUMBER:

04933056 (England and Wales)

ACCOUNTANTS:

John Kerr - Chartered Accountants

375 Eaton Road

West Derby

Liverpool

Merseyside

L12 2AH

FIXED ASSETS

Intangible assets

4

6,000

7,500

Tangible assets

5

10,357

13,869

16,357

21,369

CURRENT ASSETS

Stocks

1,350

1,450

Debtors

6

21,561

20,256

Cash at bank

1,313

-

24,224

21,706

CREDITORS

Amounts falling due within one year

7

38,070

38,892

NET CURRENT LIABILITIES

(13,846

)

(17,186

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,511

4,183

CREDITORS

Amounts falling due after more than one year

8

-

(1,149

)

PROVISIONS FOR LIABILITIES

(1,968

)

(2,635

)

NET ASSETS

543

399

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

443

299

SHAREHOLDERS' FUNDS

543

399

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 July 2020 and were signed by:

P A Cook - Director

1.	STATUTORY INFORMATION

P.C. Catering 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.

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 2003, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures & equipment

-

20% on cost

Motor vehicles

-

20% on cost

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 Statement of Income and

Retained Earnings, 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

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2018

and 31 October 2019

30,000

AMORTISATION

At 1 November 2018

22,500

Amortisation for year

1,500

At 31 October 2019

24,000

NET BOOK VALUE

At 31 October 2019

6,000

At 31 October 2018

7,500

5.	TANGIBLE FIXED ASSETS

Fixtures

Motor

& equipment

vehicles

Totals

£

£

£

COST

At 1 November 2018

and 31 October 2019

11,866

15,200

27,066

DEPRECIATION

At 1 November 2018

10,157

3,040

13,197

Charge for year

472

3,040

3,512

At 31 October 2019

10,629

6,080

16,709

NET BOOK VALUE

At 31 October 2019

1,237

9,120

10,357

At 31 October 2018

1,709

12,160

13,869

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 November 2018

and 31 October 2019

15,200

DEPRECIATION

At 1 November 2018

3,040

Charge for year

3,040

At 31 October 2019

6,080

NET BOOK VALUE

At 31 October 2019

9,120

At 31 October 2018

12,160

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

31.10.18

£

£

Trade debtors

17,860

17,030

Other debtors

3,701

3,226

21,561

20,256

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

31.10.18

£

£

Bank loans and overdrafts

-

1,957

Hire purchase contracts (see note 9)

1,149

3,317

Trade creditors

21,167

20,937

Taxation and social security

7,476

4,662

Other creditors

8,278

8,019

38,070

38,892

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.19

31.10.18

£

£

Hire purchase contracts (see note 9)

-

1,149

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

31.10.19

31.10.18

£

£

Net obligations repayable:

Within one year

1,149

3,317

Between one and five years

-

1,149

1,149

4,466

Non-cancellable

operating leases

31.10.19

31.10.18

£

£

Within one year

6,096

6,096

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.19

31.10.18

£

£

Hire purchase contracts

1,149

4,466

Hire purchase contracts are secured on the assets financed.