Registered number
11916691
SMILEY'S CAFE LTD
Filleted Accounts
31 March 2023
SMILEY'S CAFE LTD
Registered number: 11916691
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Current assets
Stocks 1,330 935
Debtors 3 9,970 13,090
Cash at bank and in hand 196 973
11,496 14,998
Creditors: amounts falling due within one year 4 (6,914) (6,944)
Net current assets 4,582 8,054
Total assets less current liabilities 4,582 8,054
Creditors: amounts falling due after more than one year 5 (5,165) (7,565)
Net (liabilities)/assets (583) 489
Capital and reserves
Called up share capital 100 100
Profit and loss account (683) 389
Shareholder's funds (583) 489
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mehmet SAKINSEL
Director
Approved by the board on 17 November 2023
SMILEY'S CAFE LTD
Notes to the Accounts
for the year ended 31 March 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).
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A corporation tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Corporation tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 2
3 Debtors 2023 2022
£ £
Prepayments & other debtors 9,970 13,090
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans 2,556 2,556
Trade creditors 1,665 1,854
Taxation and social security costs 2,693 2,534
6,914 6,944
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 5,165 7,565
6 Other information
SMILEY'S CAFE LTD is a private company limited by shares and incorporated in England. Its registered office is:
141 South Farm Road
Worthing
West Sussex
BN14 7AX
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