Cafepoint LLP - Accounts to registrar (filleted) - small 18.2

Cafepoint LLP - Accounts to registrar (filleted) - small 18.2

CAFEPOINT LLP - Company Information

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REGISTERED NUMBER: OC355592 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2018

FOR

CAFEPOINT LLP
CAFEPOINT LLP (REGISTERED NUMBER: OC355592)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 August 2018




Page

General Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


CAFEPOINT LLP

GENERAL INFORMATION
for the year ended 31 August 2018







DESIGNATED MEMBERS: Mr G K Lewis
Mr N J E Mynott
Ms A R Mynott





REGISTERED OFFICE: 13 Highams Business Park
Blackhorse Lane
London
E17 6SH





REGISTERED NUMBER: OC355592 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD
Page 1
CAFEPOINT LLP (REGISTERED NUMBER: OC355592)

ABRIDGED BALANCE SHEET
31 August 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 447,022 254,573
447,022 254,573

CURRENT ASSETS
Stocks 76,869 57,819
Debtors 295,393 197,187
Cash in hand 17,971 21,001
390,233 276,007
CREDITORS
Amounts falling due within one year 617,585 463,885
NET CURRENT LIABILITIES (227,352 ) (187,878 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
219,670
66,695

CREDITORS
Amounts falling due after more than one
year
181,866
29,333
NET ASSETS ATTRIBUTABLE TO
MEMBERS
37,804
37,362

The notes form part of these financial statements

Page 2 continued...
CAFEPOINT LLP (REGISTERED NUMBER: OC355592)

ABRIDGED BALANCE SHEET - continued
31 August 2018

2018 2017
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS
24,084
23,642

MEMBERS' OTHER INTERESTS
Capital accounts 13,720 13,720
37,804 37,362

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 24,084 23,642
Members' other interests 13,720 13,720
Amounts due from members - (14,779 )
37,804 22,583

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 August 2018.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act
2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies
Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied
to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006)
Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 August 2018 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP on 28 May 2019 and were signed by:





Ms A R Mynott - Designated member

The notes form part of these financial statements

Page 3
CAFEPOINT LLP (REGISTERED NUMBER: OC355592)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2018

1. STATUTORY INFORMATION

Cafepoint LLP is registered in England and Wales. The LLP's registered number and registered office address
can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses
arising from impairment are recognised in the profit and loss account.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 15 (2017 - 19 ) .

Page 4 continued...
CAFEPOINT LLP (REGISTERED NUMBER: OC355592)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2018

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2017
and 31 August 2018 47,000
AMORTISATION
At 1 September 2017
and 31 August 2018 47,000
NET BOOK VALUE

At 31 August 2018 -
At 31 August 2017 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2017 360,152
Additions 278,994
Disposals (11,820 )
At 31 August 2018 627,326
DEPRECIATION
At 1 September 2017 105,579
Charge for year 84,797
Eliminated on disposal (10,072 )
At 31 August 2018 180,304
NET BOOK VALUE
At 31 August 2018 447,022
At 31 August 2017 254,573

Page 5 continued...
CAFEPOINT LLP (REGISTERED NUMBER: OC355592)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2018

5. TANGIBLE FIXED ASSETS - continued

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

Totals
£   
COST
At 1 September 2017
and 31 August 2018 65,536
DEPRECIATION
At 1 September 2017 25,801
Charge for year 9,934
At 31 August 2018 35,735
NET BOOK VALUE
At 31 August 2018 29,801
At 31 August 2017 39,735

6. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Hire purchase contracts 212,924 50,882

The finance lease obligations are secured on the assets concerned.

7. RELATED PARTY DISCLOSURES

At the balance sheet date, the LLP owed £88,255 (2017 - £39,328) to COS Systems Limited.

8. LOANS AND BORROWINGS

Loans and borrowings are initially recognised at the transaction price including transactions costs.
Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Page 6