Fego Caffe Gerrards Cross Ltd Filleted accounts for Companies House (small and micro)

FEGO CAFFE GERRARDS CROSS LIMITED - Company Information

29 false false false false false false false false false true false false true true true true true true true true No description of principal activity 2019-01-01 Sage Accounts Production Advanced 2020 - FRS102_2019 xbrli:pure xbrli:shares iso4217:GBP 06173268 2019-01-01 2019-12-31 06173268 2019-12-31 06173268 2018-12-31 06173268 2018-01-01 2018-12-31 06173268 2018-12-31 06173268 core:PlantMachinery 2019-01-01 2019-12-31 06173268 bus:Director1 2019-01-01 2019-12-31 06173268 bus:Director2 2019-01-01 2019-12-31 06173268 bus:Director3 2019-01-01 2019-12-31 06173268 core:WithinOneYear 2019-12-31 06173268 core:WithinOneYear 2018-12-31 06173268 core:ShareCapital 2019-12-31 06173268 core:ShareCapital 2018-12-31 06173268 core:RetainedEarningsAccumulatedLosses 2019-12-31 06173268 core:RetainedEarningsAccumulatedLosses 2018-12-31 06173268 bus:SmallEntities 2019-01-01 2019-12-31 06173268 bus:AuditExempt-NoAccountantsReport 2019-01-01 2019-12-31 06173268 bus:AbridgedAccounts 2019-01-01 2019-12-31 06173268 bus:SmallCompaniesRegimeForAccounts 2019-01-01 2019-12-31 06173268 bus:PrivateLimitedCompanyLtd 2019-01-01 2019-12-31 06173268 core:LandBuildings core:ShortLeaseholdAssets 2019-01-01 2019-12-31

COMPANY REGISTRATION NUMBER: 06173268

Fego Caffe Gerrards Cross Ltd

Filleted Unaudited Abridged Financial Statements

31 December 2019

Fego Caffe Gerrards Cross Ltd

Abridged Statement of Financial Position

31 December 2019

	2019		2018
Note	£	£	£

Fixed assets

Tangible assets	5		18,942	11,300

Current assets

Stocks	7,214	5,555
Debtors	16,316	14,469
Cash at bank and in hand	223,706	157,244
	---------	---------
	247,236	177,268

Creditors: amounts falling due within one year	94,126		95,524
	---------		---------
Net current assets		153,110	81,744
		---------	--------
Total assets less current liabilities		172,052	93,044

Provisions

Taxation including deferred tax	2,943	1,347
	---------	--------
Net assets	169,109	91,697
	---------	--------

Capital and reserves

Called up share capital	1	1
Profit and loss account	169,108	91,696
	---------	--------
Shareholders funds	169,109	91,697
	---------	--------

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 Section 1A of 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 abridged statement of income and retained earnings has not been delivered.

For the year ending 31 December 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 income and retained earnings and the abridged statement of financial position for the year ending 31 December 2019 in accordance with Section 444(2A) of the Companies Act 2006.

Fego Caffe Gerrards Cross Ltd

Abridged Statement of Financial Position (continued)

31 December 2019

These abridged financial statements were approved by the board of directors and authorised for issue on 29 December 2020 , and are signed on behalf of the board by:

Mr D J Brunner	N H Schlenker
Director	Director

Mr D Tugendhaft
Director

Company registration number: 06173268

Fego Caffe Gerrards Cross Ltd

Notes to the Abridged Financial Statements

Year ended 31 December 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Ground Floor, 2 Compton Way, Witney, Oxon, OX28 3AB.

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.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) Disclosures in respect of share-based payments have not been presented. (e) No disclosure has been given for the aggregate remuneration of key management personnel.

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 is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold property	-	over the period of the lease
Plant and machinery	-	20% straight line

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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the abridged statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 29 (2018: 24 ).

5. Tangible assets

	£
Cost
At 1 January 2019	243,916
Additions	14,404
	---------
At 31 December 2019	258,320
	---------
Depreciation
At 1 January 2019	232,616
Charge for the year	6,762
	---------
At 31 December 2019	239,378
	---------
Carrying amount
At 31 December 2019	18,942
	---------
At 31 December 2018	11,300
	---------

6. Directors' advances, credits and guarantees

As at 31 December 2019 a balance of £nil was owed to the directors (2018: £9,037).

7. Controlling party

The directors consider D J Brunner and N H Schlenker to be the ultimate controlling party by virtue of their majority shareholding in company issued share capital.