Kind Cafe & Bars Ltd 30/11/2022 iXBRL
Kind Cafe & Bars Ltd 30/11/2022 iXBRL
Company registration number:
11062422
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Directors and other information
Directors |
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Company number |
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Registered office |
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Business address |
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Accountants |
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105 Garstang Road | ||
Preston | ||
Lancashire | ||
PR1 1LD | ||
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Kind Cafe & Bars Ltd
Year ended 30 November 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kind Cafe & Bars Ltd for the year ended 30 November 2022 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
This report is made solely to the board of directors of Kind Cafe & Bars Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Kind Cafe & Bars Ltd and state those matters that we have agreed to state to the board of directors of Kind Cafe & Bars Ltd as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kind Cafe & Bars Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that Kind Cafe & Bars Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kind Cafe & Bars Ltd. You consider that Kind Cafe & Bars Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Kind Cafe & Bars Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Chartered Accountants
105 Garstang Road
Preston
Lancashire
PR1 1LD
Statement of financial position
30 November 2022
2022 | 2021 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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Current assets | |||||||||
Debtors | 6 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 7 |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 8 |
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Provisions for liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
27 April 2023
, and are signed on behalf of the board by:
Director
Director
Company registration number:
11062422
Notes to the financial statements
Year ended 30 November 2022
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is Rise., 15 Miller Arcade, Preston, Lancashire, PR1 2QY.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Taxation
Operating leases
Tangible assets
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:
Short leasehold property | - |
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Plant and machinery | - |
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Fittings fixtures and equipment | - | 20% reducing balance (33.3% on computer equipment) | ||
Motor vehicles | - |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.
Provisions
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
21
(2021:
19
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5.
Tangible assets
Short leasehold property | Plant and machinery | Fixtures, fittings and equipment | Motor vehicles | Total | ||
£ | £ | £ | £ | £ | ||
Cost | ||||||
At 1 December 2021 |
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Additions |
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Disposals | - | - |
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At 30 November 2022 |
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Depreciation | ||||||
At 1 December 2021 |
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Charge for the year |
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At 30 November 2022 |
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Carrying amount | ||||||
At 30 November 2022 |
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At 30 November 2021 |
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95,779 | |
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6.
Debtors
2022 | 2021 | |||
£ | £ | |||
Other debtors |
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7.
Creditors: amounts falling due within one year
2022 | 2021 | |||
£ | £ | |||
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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8.
Creditors: amounts falling due after more than one year
2022 | 2021 | |||
£ | £ | |||
Bank loans and overdrafts |
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9.
Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company: | |||||
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Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
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These loans were interest free and repayable on demand.
10.
Related party transactions
At commencement of the period the company had a £10,000 debit balance with Rise Cafe Ltd, a company owned and controlled by the directors. During the year the company advanced further amounts of £14,506 and raised charges for equipment hire and management fees of £54,000 + VAT. No payments were received in the year in respect of this. Consequently the balance of this loan at the reporting date was £89,306. This loan was interest free and repayable on demand.
11.
Controlling party
The company is controlled by the directors.