Black Cherry Catering Ltd Filleted accounts for Companies House (small and micro)

Black Cherry Catering Ltd Filleted accounts for Companies House (small and micro)

BLACK CHERRY CATERING LTD - Company Information

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COMPANY REGISTRATION NUMBER: SC503447
Black Cherry Catering Ltd
Filleted Unaudited Abridged Financial Statements
31 August 2019
Black Cherry Catering Ltd
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Abridged Financial Statements of Black Cherry Catering Ltd
Year ended 31 August 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of Black Cherry Catering Ltd for the year ended 31 August 2019, which comprise the abridged statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Black Cherry Catering Ltd, as a body, in accordance with the terms of our engagement letter dated 27 May 2016. Our work has been undertaken solely to prepare for your approval the abridged financial statements of Black Cherry Catering Ltd and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Black Cherry Catering Ltd and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Black Cherry Catering Ltd has kept adequate accounting records and to prepare statutory abridged financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Black Cherry Catering Ltd. You consider that Black Cherry Catering Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the abridged financial statements of Black Cherry Catering Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory abridged financial statements.
CAMERON & CO Chartered accountants
48 Court Street Haddington East Lothian EH41 3NP
31 August 2020
Black Cherry Catering Ltd
Abridged Statement of Financial Position
31 August 2019
2019
2018
Note
£
£
£
Current assets
Stocks
124
–
Debtors
–
212
Cash at bank and in hand
948
1,760
-------
-------
1,072
1,972
Creditors: amounts falling due within one year
4,984
4,845
-------
-------
Net current liabilities
3,912
2,873
-------
-------
Total assets less current liabilities
( 3,912)
( 2,873)
-------
-------
Net liabilities
( 3,912)
( 2,873)
-------
-------
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 3,914)
( 2,875)
-------
-------
Shareholders deficit
( 3,912)
( 2,873)
-------
-------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of financial position for the year ending 31 August 2019 in accordance with Section 444(2A) of the Companies Act 2006.
Black Cherry Catering Ltd
Abridged Statement of Financial Position (continued)
31 August 2019
These abridged financial statements were approved by the board of directors and authorised for issue on 31 August 2020 , and are signed on behalf of the board by:
Keith Swinburne
Director
Company registration number: SC503447
Black Cherry Catering Ltd
Notes to the Abridged Financial Statements
Year ended 31 August 2019
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Unit 10, 25 Kings Haugh, Edinburgh, Midlothian, EH16 5UY.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The activities of the business are continuing and the director expects to make a profit in the next year.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover represents monies received (excluding value added tax) from catering sales and other activities.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
33% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Intangible assets
£
Cost
At 1 September 2018 and 31 August 2019
15,000
--------
Amortisation
At 1 September 2018 and 31 August 2019
15,000
--------
Carrying amount
At 31 August 2019
–
--------
At 31 August 2018
–
--------
5. Directors' advances, credits and guarantees
There were no transactions as are required to be disclosed under FRS102.