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REGISTERED NUMBER: 11259712 (England and Wales)















Weston Beach Cafe South West Limited

Unaudited Financial Statements for the Year Ended 31 March 2022






Weston Beach Cafe South West Limited (Registered number: 11259712)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Weston Beach Cafe South West Limited

Company Information
for the Year Ended 31 March 2022







DIRECTORS: Ms L Caton
Mrs L F Burdon
E L C Burdon



REGISTERED OFFICE: 4 King Square
Bridgwater
Somerset
TA6 3YF



REGISTERED NUMBER: 11259712 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: National Westminster Bank plc
89 High Street
Weston-super-Mare
Somerset
BS23 1JW

Weston Beach Cafe South West Limited (Registered number: 11259712)

Abridged Statement of Financial Position
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 37,707 39,956

CURRENT ASSETS
Stocks 10,686 4,474
Debtors 88,494 1,719
Cash at bank and in hand 80,951 1,500
180,131 7,693
CREDITORS
Amounts falling due within one year 77,765 41,905
NET CURRENT ASSETS/(LIABILITIES) 102,366 (34,212 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

140,073

5,744

CREDITORS
Amounts falling due after more than one
year

(15,417

)

(20,833

)

PROVISIONS FOR LIABILITIES (3,825 ) -
NET ASSETS/(LIABILITIES) 120,831 (15,089 )

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 120,711 (15,209 )
SHAREHOLDERS' FUNDS 120,831 (15,089 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Weston Beach Cafe South West Limited (Registered number: 11259712)

Abridged Statement of Financial Position - continued
31 March 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2022 and were signed on its behalf by:





Mrs L F Burdon - Director


Weston Beach Cafe South West Limited (Registered number: 11259712)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Weston Beach Cafe South West 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. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 15% on reducing balance

Government grants
Government grants have been accounted for under the accrual model. Government grants are revenue-based and relate to the JRS grant, local government grant and interest coverage on bounceback loan.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Weston Beach Cafe South West Limited (Registered number: 11259712)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2021 - 3 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2021 51,239
Additions 4,405
At 31 March 2022 55,644
DEPRECIATION
At 1 April 2021 11,283
Charge for year 6,654
Transfer to ownership 1,500
Reclassification/transfer (1,500 )
At 31 March 2022 17,937
NET BOOK VALUE
At 31 March 2022 37,707
At 31 March 2021 39,956

Weston Beach Cafe South West Limited (Registered number: 11259712)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 April 2021 10,000
Transfer to ownership (10,000 )
At 31 March 2022 -
DEPRECIATION
At 1 April 2021 1,500
Reclassification/transfer (1,500 )
At 31 March 2022 -
NET BOOK VALUE
At 31 March 2022 -
At 31 March 2021 8,500

6. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.22 31.3.21
£    £   
Net obligations repayable:
Within one year - 10,000

Non-cancellable operating leases
31.3.22 31.3.21
£    £   
Within one year 14,000 14,000
Between one and five years 31,500 45,500
45,500 59,500

7. SECURED DEBTS

The following secured debts are included within creditors:

31.3.22 31.3.21
£    £   
Bank loans 20,417 25,000
Hire purchase contracts - 10,000
20,417 35,000

The bank loan is a government secured Bounce Back loan.

Weston Beach Cafe South West Limited (Registered number: 11259712)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2022 and 31 March 2021:

31.3.22 31.3.21
£    £   
Mrs L F Burdon and E L C Burdon
Balance outstanding at start of year (16,882 ) -
Amounts advanced 229,330 -
Amounts repaid (126,314 ) (16,882 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 86,134 (16,882 )