Caffe Shop Limited
Caffe Shop Limited
Registered number: 06806687
Unaudited Financial Statements
For The Year Ended
31 August 2022
RJM Accountants
Financial Accountants
24 Rayner Drive
Brighouse
West Yorkshire
HD6 2DG
Caffe Shop Limited
Unaudited Financial Statements
For The Year Ended
31 August 2022
Unaudited Financial Statements
Contents | |
Page | |
---|---|
Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—5 |
Caffe Shop Limited
Balance Sheet
As at
31 August 2022
Balance Sheet
Registered number:
06806687
For the year ending 31 August 2022 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 directors acknowledge their 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.
2022 | 2021 | ||||
---|---|---|---|---|---|
Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 5 |
|
|
||
|
|
||||
CURRENT ASSETS | |||||
Stocks | 6 |
|
|
||
Debtors | 7 |
|
|
||
Cash at bank and in hand |
|
|
|||
|
|
||||
Creditors: Amounts Falling Due Within One Year | 8 |
( |
( |
||
NET CURRENT ASSETS (LIABILITIES) |
|
( |
|||
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
( |
|||
Creditors: Amounts Falling Due After More Than One Year | 9 |
( |
( |
||
NET ASSETS/(LIABILITIES) |
|
( |
|||
CAPITAL AND RESERVES | |||||
Called up share capital | 10 |
|
|
||
Profit and Loss Account |
( |
( |
|||
SHAREHOLDERS' FUNDS | 72,405 | (337,004) | |||
Caffe Shop Limited
Balance Sheet (continued)
As at
31 August 2022
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Director
|
|
The notes on pages 3 to 5 form part of these financial statements.
Caffe Shop Limited
Notes to the Financial Statements
For The Year Ended
31 August 2022
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The company meets its day to day working capital requirements from the director. the director qill continue to support the company during he next year and therefore considers it appropriate to prepare the accounts on a going concern basis.
1.2.
Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
1.3.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.4.
Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are Domain Names. It is amortised to the profit and loss account over its estimated economic life of 5 years.
1.5.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings |
|
1.6.
Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
1.7.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.8.
Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
1.9.
Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
Caffe Shop Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 August 2022
1.10.
Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2021: 10)
4.
Intangible Assets
Intellectual Property | |||
---|---|---|---|
£ | |||
Cost | |||
As at
|
|
||
As at
|
|
||
Amortisation | |||
As at
|
|
||
As at
|
|
||
Net Book Value | |||
As at
|
|
||
As at
|
|
||
5.
Tangible Assets
Fixtures & Fittings | |
---|---|
£ | |
Cost | |
As at
|
|
Additions |
|
As at
|
|
Depreciation | |
As at
|
|
Provided during the period |
|
As at
|
|
Net Book Value | |
As at
|
|
As at
|
|
Caffe Shop Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 August 2022
6.
Stocks
2022 | 2021 | ||
---|---|---|---|
£ | £ | ||
Stock - materials and work in progress | 681,981 | 488,818 | |
|
|
||
7.
Debtors
2022 | 2021 | ||
---|---|---|---|
£ | £ | ||
Due within one year | |||
Trade debtors |
|
|
|
Prepayments and accrued income |
|
|
|
|
|
||
8.
Creditors: Amounts Falling Due Within One Year
2022 | 2021 | ||
---|---|---|---|
£ | £ | ||
Trade creditors |
|
|
|
Bank loans and overdrafts |
|
|
|
Other taxes and social security |
|
|
|
VAT |
|
|
|
Net wages | - | 768 | |
Accruals and deferred income |
|
|
|
Directors' loan accounts |
|
- | |
|
|
||
9.
Creditors: Amounts Falling Due After More Than One Year
2022 | 2021 | ||
---|---|---|---|
£ | £ | ||
Bank loans |
|
|
|
Directors loan account |
|
|
|
|
|
||
11.
Ultimate Controlling Party
The company's ultimate controlling party is
E R Beadle
by virtue of his ownership of 100% of the issued share capital in the company.
12.
General Information
Caffe Shop Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
06806687
. The registered office is Unit C Old Power Way, Lowfields Business Park, Elland, HX5 9DE.