Company Registration No. 4510824 (England and Wales)
The Bluebird Cafe Limited
Unaudited accounts
for the year ended 31 December 2020
The Bluebird Cafe Limited
Unaudited accounts
Contents
The Bluebird Cafe Limited
Company Information
for the year ended 31 December 2020
Company Number
4510824 (England and Wales)
Registered Office
Westering
Station Road
Angmering
West Sussex
BN16 4HY
Accountants
Ian Sykes and Co Limited
1 Windlesham Gardens
Shoreham by Sea
West Sussex
BN43 5AD
The Bluebird Cafe Limited
Statement of financial position
as at 31 December 2020
Tangible assets
317,019
314,234
Investment property
127,500
127,500
Cash at bank and in hand
201,515
300,785
Creditors: amounts falling due within one year
(106,838)
(135,406)
Net current assets
102,177
173,106
Total assets less current liabilities
546,696
614,840
Creditors: amounts falling due after more than one year
-
(172,556)
Net assets
546,696
442,284
Called up share capital
100
100
Profit and loss account
546,596
442,184
Shareholders' funds
546,696
442,284
For the year ending 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 March 2021 and were signed on its behalf by
P G Garrett
Director
Company Registration No. 4510824
The Bluebird Cafe Limited
Notes to the Accounts
for the year ended 31 December 2020
The Bluebird Cafe Limited is a private company, limited by shares, registered in England and Wales, registration number 4510824. The registered office is Westering, Station Road, Angmering, West Sussex, BN16 4HY.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Revenue, described as turnover, is the value of goods provided to customers during the year.
Revenue is recognised on the sale of goods when the goods are delivered and title has passed.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Assets held under finance leases are depreciated in the same way as owned assets. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
10% reducing balance
Computer equipment
25% reducing balance
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.
Where assets are financed by leasing agreements that give rights approximating to ownership (finance leases) the assets are treated as if they had been purchased outright. The amount capitalised is the fair value of the asset concerned. The corresponding liability to the leasing company is included as an obligation under finance leases. Depreciation is charged to the profit and loss account over the shorter of the lease term and the useful life of the asset. Leasing payments are treated as consisting of capital and interest elements, and interest is charged to the profit and loss account on a straight line basis which is considered to be a reasonable approximation to the constant rate of charge on the outstanding balance.
The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in independently administered funds. The pension costs charge represents contributions payable for the period by the company to the fund.
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes any expenditure incurred in bringing the stock to its present locations and condition. A "first in, first out" basis is used.
The Bluebird Cafe Limited
Notes to the Accounts
for the year ended 31 December 2020
The investment property is shown at its fair value as estimated by the director. Any movements in fair value are recognised in arriving at the profit/(loss) before tax. Deferred tax is provided against these movements.
Government grants are recognised under the accrual model meaning that grants relating to revenue shall be recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.
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Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 January 2020
213,880
51,301
30,000
116,278
18,511
429,970
Additions
-
20,586
-
-
1,082
21,668
At 31 December 2020
213,880
71,887
30,000
116,278
19,593
451,638
At 1 January 2020
-
25,159
23,178
54,362
13,037
115,736
Charge for the year
-
9,346
1,706
6,192
1,639
18,883
At 31 December 2020
-
34,505
24,884
60,554
14,676
134,619
At 31 December 2020
213,880
37,382
5,116
55,724
4,917
317,019
At 31 December 2019
213,880
26,142
6,822
61,916
5,474
314,234
Fair value at 1 January 2020
127,500
At 31 December 2020
127,500
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Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
-
14,492
Trade creditors
39,594
37,452
Taxes and social security
58,784
72,344
Other creditors
6,655
5,542
Loans from directors
405
4,176
The Bluebird Cafe Limited
Notes to the Accounts
for the year ended 31 December 2020
8
Creditors: amounts falling due after more than one year
2020
2019
Aggregate of amounts that fall due for payment after five years
-
108,030
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Operating lease commitments
2020
2019
At 31 December 2020 the company has total minimum future payment commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within two to five years
3,090
3,768
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Average number of employees
During the year the average number of employees was 41 (2019: 43).
