Priory Cafe Limited - Accounts to registrar (filleted) - small 18.2

Priory Cafe Limited - Accounts to registrar (filleted) - small 18.2

PRIORY CAFE LIMITED - Company Information

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REGISTERED NUMBER: 09459224 (England and Wales)











ABRIDGED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2018

FOR

PRIORY CAFE LIMITED
PRIORY CAFE LIMITED (REGISTERED NUMBER: 09459224)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PRIORY CAFE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2018







DIRECTOR: R Mason





REGISTERED OFFICE: Brunswick House
Birmingham Road
Redditch
Worcestershire
B97 6DY





REGISTERED NUMBER: 09459224 (England and Wales)





ACCOUNTANTS: Burman & Co
Brunswick House
Birmingham Road
Redditch
Worcestershire
B97 6DY
Page 1
PRIORY CAFE LIMITED (REGISTERED NUMBER: 09459224)

ABRIDGED BALANCE SHEET
28 FEBRUARY 2018

28.2.18 28.2.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,740 22,110
Tangible assets 5 2,495 3,051
17,235 25,161

CURRENT ASSETS
Cash at bank and in hand 4,252 7,386

CREDITORS
Amounts falling due within one year 29,880 37,288
NET CURRENT LIABILITIES (25,628 ) (29,902 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(8,393
)
(4,741
)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (8,493 ) (4,841 )
SHAREHOLDERS' FUNDS (8,393 ) (4,741 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 28 February 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The notes form part of these financial statements

Page 2 continued...
PRIORY CAFE LIMITED (REGISTERED NUMBER: 09459224)

ABRIDGED BALANCE SHEET - continued
28 FEBRUARY 2018



The financial statements were approved by the director on 26 November 2018 and were signed by:





R Mason - Director


The notes form part of these financial statements

Page 3
PRIORY CAFE LIMITED (REGISTERED NUMBER: 09459224)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018

1. STATUTORY INFORMATION

Priory Cafe Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis in anticipation of continued
support from the company's shareholder.

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 2015, 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 etc - 33% on reducing balance

Taxation
Taxation for the year 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.


Page 4 continued...
PRIORY CAFE LIMITED (REGISTERED NUMBER: 09459224)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018

2. ACCOUNTING POLICIES - continued
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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period
of the lease.

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 year was 4 (2017 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2017
and 28 February 2018 36,850
AMORTISATION
At 1 March 2017 14,740
Amortisation for year 7,370
At 28 February 2018 22,110
NET BOOK VALUE

At 28 February 2018 14,740
At 28 February 2017 22,110

Page 5 continued...
PRIORY CAFE LIMITED (REGISTERED NUMBER: 09459224)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2017 6,523
Additions 1,621
Disposals (2,249 )
At 28 February 2018 5,895
DEPRECIATION
At 1 March 2017 3,472
Charge for year 2,177
Eliminated on disposal (2,249 )
At 28 February 2018 3,400
NET BOOK VALUE
At 28 February 2018 2,495
At 28 February 2017 3,051

Page 6