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Company Registration No. 09419195 (England and Wales)
Tradewinds Cafe Limited Unaudited accounts for the year ended 31 March 2023
Tradewinds Cafe Limited Unaudited accounts Contents
Page
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Tradewinds Cafe Limited Company Information for the year ended 31 March 2023
Directors
Alison Hawkes Jason Hawkes
Company Number
09419195 (England and Wales)
Registered Office
10 Upper Hyde Lane Shanklin PO37 7PR UK
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Tradewinds Cafe Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
31,838 
33,394 
Current assets
Debtors
50,733 
3,667 
Cash at bank and in hand
255,404 
303,110 
306,137 
306,777 
Creditors: amounts falling due within one year
(136,255)
(153,335)
Net current assets
169,882 
153,442 
Net assets
201,720 
186,836 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
201,718 
186,834 
Shareholders' funds
201,720 
186,836 
For the year ending 31 March 2023 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2023 and were signed on its behalf by
Alison Hawkes Director Company Registration No. 09419195
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Tradewinds Cafe Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Tradewinds Cafe Limited is a private company, limited by shares, registered in England and Wales, registration number 09419195. The registered office is 10 Upper Hyde Lane, Shanklin, PO37 7PR, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Tradewinds Cafe Limited Notes to the Accounts for the year ended 31 March 2023
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting polices. In preparing these financial statements, the directors have made the following judgements: Determine whether there are indicators of impairment of the company's tangible fixed assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit. Other key sources of estimation uncertainty: Tangible fixed assets (note 4) Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
38,844 
15,738 
1,795 
56,377 
Additions
7,195 
- 
- 
7,195 
At 31 March 2023
46,039 
15,738 
1,795 
63,572 
Depreciation
At 1 April 2022
15,313 
6,885 
785 
22,983 
Charge for the year
6,286 
2,213 
252 
8,751 
At 31 March 2023
21,599 
9,098 
1,037 
31,734 
Net book value
At 31 March 2023
24,440 
6,640 
758 
31,838 
At 31 March 2022
23,531 
8,853 
1,010 
33,394 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
3,667 
Other debtors
50,733 
- 
50,733 
3,667 
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Tradewinds Cafe Limited Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
62,162 
85,000 
VAT
17,764 
7,006 
Trade creditors
10,544 
12,715 
Taxes and social security
35,913 
46,245 
Other creditors
9,872 
1,558 
Loans from directors
- 
811 
136,255 
153,335 
7
Average number of employees
During the year the average number of employees was 16 (2022: 16).
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