REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 March 2022 to 26 February 2023 |
for |
The Cheese Truck Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 March 2022 to 26 February 2023 |
for |
The Cheese Truck Limited |
The Cheese Truck Limited (Registered number: 08879337) |
Contents of the Financial Statements |
for the Period 1 March 2022 to 26 February 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
The Cheese Truck Limited |
Company Information |
for the Period 1 March 2022 to 26 February 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Westmead House |
Westmead |
Farnborough |
Hampshire |
GU14 7LP |
The Cheese Truck Limited (Registered number: 08879337) |
Statement of Financial Position |
26 February 2023 |
2023 | 2022 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Stocks | 7 |
Debtors | 8 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 9 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
10 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
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 Cheese Truck Limited (Registered number: 08879337) |
Statement of Financial Position - continued |
26 February 2023 |
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 |
The Cheese Truck Limited (Registered number: 08879337) |
Notes to the Financial Statements |
for the Period 1 March 2022 to 26 February 2023 |
1. | STATUTORY INFORMATION |
The Cheese Truck Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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. |
Developments are being amortised evenly over their estimated useful life of five years. |
Tangible fixed assets |
Short leasehold | - |
Equipment | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Government grants |
Government grants in relation to tangible fixed assets are credited to the Income Statement over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to the Income Statement. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at 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 period 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 statement of financial position date. |
The Cheese Truck Limited (Registered number: 08879337) |
Notes to the Financial Statements - continued |
for the Period 1 March 2022 to 26 February 2023 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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. |
Leased assets |
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. |
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the Statement of Financial Position as a liability. The interest element of rental obligations is charged to the Income Statement over the period of the lease at a constant proportion of the outstanding balance of capital repayments. |
Pension costs |
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the Income Statement when due. |
Going concern |
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
At 1 March 2022 |
Reclassification/transfer | ( |
) |
At 26 February 2023 |
AMORTISATION |
At 1 March 2022 |
Charge for period |
At 26 February 2023 |
NET BOOK VALUE |
At 26 February 2023 |
At 28 February 2022 |
The Cheese Truck Limited (Registered number: 08879337) |
Notes to the Financial Statements - continued |
for the Period 1 March 2022 to 26 February 2023 |
5. | TANGIBLE FIXED ASSETS |
Fixtures |
Short | and |
leasehold | Equipment | fittings |
£ | £ | £ |
COST |
At 1 March 2022 |
Additions |
Disposals |
Reclassification/transfer | ( |
) | ( |
) |
At 26 February 2023 |
DEPRECIATION |
At 1 March 2022 |
Charge for period | ( |
) |
Eliminated on disposal |
At 26 February 2023 |
NET BOOK VALUE |
At 26 February 2023 |
At 28 February 2022 |
Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1 March 2022 |
Additions |
Disposals | ( |
) | ( |
) |
Reclassification/transfer | ( |
) | ( |
) |
At 26 February 2023 |
DEPRECIATION |
At 1 March 2022 |
Charge for period |
Eliminated on disposal | ( |
) | ( |
) |
At 26 February 2023 |
NET BOOK VALUE |
At 26 February 2023 |
At 28 February 2022 |
The Cheese Truck Limited (Registered number: 08879337) |
Notes to the Financial Statements - continued |
for the Period 1 March 2022 to 26 February 2023 |
6. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 March 2022 |
and 26 February 2023 |
NET BOOK VALUE |
At 26 February 2023 |
At 28 February 2022 |
7. | STOCKS |
2023 | 2022 |
£ | £ |
Stocks |
8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
Director's current account | 16,825 | - |
Prepayments |
9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts (see note 11) |
Trade creditors |
Social security and other taxes |
VAT | 124,176 | 59,745 |
Other creditors |
Director's current account | - | 2,435 |
Accruals and deferred income |
10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans - 1-5 years |
Hire purchase contracts (see note 11) |
The Cheese Truck Limited (Registered number: 08879337) |
Notes to the Financial Statements - continued |
for the Period 1 March 2022 to 26 February 2023 |
11. | LEASING AGREEMENTS |
Minimum lease payments fall due as follows: |
Hire purchase contracts |
2023 | 2022 |
£ | £ |
Net obligations repayable: |
Within one year |
Between one and five years |
Non-cancellable operating | leases |
2023 | 2022 |
£ | £ |
Within one year |
Between one and five years |
In more than five years |
12. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the period ended 26 February 2023 and the year ended 28 February 2022: |
2023 | 2022 |
£ | £ |
Balance outstanding at start of period | ( |
) | ( |
) |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period | ( |
) |
The above loan is interest free, unsecured and repayable on demand. |