Cafe Leon 2018 Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11506600 (England and Wales)

Unaudited Financial Statements

for the Period 8 August 2018 to 31 August 2019

for

Cafe Leon 2018 Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss D M Acey

B Berriman

REGISTERED OFFICE:

The Cafe Leon

47a Market Place

Driffield

North Humberside

YO25 6AN

REGISTERED NUMBER:

11506600 (England and Wales)

ACCOUNTANTS:

Finnies Accountants Limited

Chartered Certified Accountants

4-6 Swaby's Yard

Walkergate

Beverley

East Yorkshire

HU17 9BZ

FIXED ASSETS

Intangible assets

4

12,000

Tangible assets

5

21,273

33,273

CURRENT ASSETS

Stocks

2,000

Debtors

6

510

Cash at bank and in hand

8,789

11,299

CREDITORS

Amounts falling due within one year

7

(55,967

)

NET CURRENT LIABILITIES

(44,668

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(11,395

)

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

(11,396

)

(11,395

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 22 August 2020 and were signed on its behalf by:

B Berriman - Director

1.	STATUTORY INFORMATION

Cafe Leon 2018 Ltd 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.

With the advent of the COVID-19 pandemic we are in uncertain times and the directors are mindful of the impact on the

future trading prospects for the company as it complies with the safety measures and emergency legislation recently

announced by the United Kingdom Government.

Clearly this will have an impact on the future viability of the company. We have therefore updated our trading predictions

based on the anticipated impact of a reduction in trade, whilst also having access to support currently being offered by the

United Kingdom Government. We believe that our assumptions are realistic based on evidence currently available, and that

the company will consequently have enough headroom within its liquid capital to continue for the foreseeable future.

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 2018, is being amortised evenly over its estimated useful life of five 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

-

30% on reducing balance

Fixtures and fittings

-

30% 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.

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 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 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

15,000

At 31 August 2019

15,000

AMORTISATION

Amortisation for period

3,000

At 31 August 2019

3,000

NET BOOK VALUE

At 31 August 2019

12,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

Additions

24,259

337

24,596

At 31 August 2019

24,259

337

24,596

DEPRECIATION

Charge for period

3,230

93

3,323

At 31 August 2019

3,230

93

3,323

NET BOOK VALUE

At 31 August 2019

21,029

244

21,273

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Prepayments and accrued income

510

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Social security and other

taxes

4,393

Pension control account

174

Directors' current accounts

50,920

Accrued expenses

480

55,967

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors have provided the company with a loan. This loan is unsecured and repayable upon demand.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is B Berriman.