Registered number
08967273
Cafe Masala Walkley Ltd
Filleted Accounts
22 August 2023
Cafe Masala Walkley Ltd
Registered number: 08967273
Balance Sheet
as at 22 August 2023
Notes 22/8/23 31/3/23
£ £
Fixed assets
Tangible assets 3 825 1,006
Current assets
Stocks 600 500
Debtors 4 3,399 9,936
Cash at bank and in hand 8,917 6,800
12,916 17,236
Creditors: amounts falling due within one year 5 (10,473) (6,744)
Net current assets 2,443 10,492
Net assets 3,268 11,498
Capital and reserves
Called up share capital 2 2
Profit and loss account 3,266 11,496
Shareholders' funds 3,268 11,498
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mortuz Ali
Director
Approved by the board on 15 October 2023
Cafe Masala Walkley Ltd
Notes to the Accounts
for the period from 1 April 2023 to 22 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The company ceased trading on 21st August 2023 and accounts have been prepared on breakup basis.
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 from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 18% reducing balance method.
Fixtures, fittings, tools and equipment 18% reducing balance method.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 22/8/23 31/3/23
Number Number
Average number of persons employed by the company 4 5
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 1,006
At 22 August 2023 1,006
Depreciation
Charge for the period 181
At 22 August 2023 181
Net book value
At 22 August 2023 825
At 31 March 2023 1,006
4 Debtors 22/8/23 31/3/23
£ £
Other debtors 3,399 9,936
5 Creditors: amounts falling due within one year 22/8/23 31/3/23
£ £
Trade creditors 3,916 1,200
Taxation and social security costs 6,557 5,544
10,473 6,744
6 Other information
Cafe Masala Walkley Ltd is a private company limited by shares and incorporated in England. Its registered office is:
379 South Road
Sheffield
S6 3TD
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