Registered number
10638138
Caffe Tea Tree Limited
Unaudited Filleted Accounts
28 February 2023
Caffe Tea Tree Limited
Registered number: 10638138
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 18,000 18,000
Tangible assets 4 264,315 271,482
282,315 289,482
Current assets
Stocks 1,415 822
Debtors 5 14,140 14,343
Cash at bank and in hand 50,596 61,293
66,151 76,458
Creditors: amounts falling due within one year 6 (282,510) (295,702)
Net current liabilities (216,359) (219,244)
Total assets less current liabilities 65,956 70,238
Creditors: amounts falling due after more than one year 7 (19,113) (31,250)
Net assets 46,843 38,988
Capital and reserves
Called up share capital 100 100
Profit and loss account 46,743 38,888
Shareholder's funds 46,843 38,988
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.
Nedim Karagoz
Director
Approved by the board on 27 November 2023
Caffe Tea Tree Limited
Notes to the Accounts
for the year ended 28 February 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 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
Fixtures, fittings, tools and equipment 15% straight line basis
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 March 2022 18,000
At 28 February 2023 18,000
Amortisation
At 28 February 2023 -
Net book value
At 28 February 2023 18,000
At 28 February 2022 18,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 March 2022 274,000 11,250 285,250
At 28 February 2023 274,000 11,250 285,250
Depreciation
At 1 March 2022 5,480 8,288 13,768
Charge for the year 5,480 1,687 7,167
At 28 February 2023 10,960 9,975 20,935
Net book value
At 28 February 2023 263,040 1,275 264,315
At 28 February 2022 268,520 2,962 271,482
5 Debtors 2023 2022
£ £
Trade debtors 25 843
Other debtors 14,115 13,500
14,140 14,343
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 257,457 276,138
Trade creditors 4,284 3,804
Taxation and social security costs 7,768 13,366
Other creditors 13,001 2,394
282,510 295,702
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 19,113 31,250
8 Other information
Caffe Tea Tree Limited is a private company limited by shares and incorporated in England. Its registered office is:
214 Lower Addiscombe Road
Croydon
CR0 7AB
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