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REGISTERED NUMBER: 04431642 (England and Wales)







Unaudited Financial Statements for the Year Ended 30 June 2023

for

Caffe Gusto Limited

Caffe Gusto Limited (Registered number: 04431642)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Caffe Gusto Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: M S Berger
T Nissim





SECRETARY: M S Berger





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY





REGISTERED NUMBER: 04431642 (England and Wales)





ACCOUNTANTS: Dunkley's
Chartered Accountants
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY

Caffe Gusto Limited (Registered number: 04431642)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 1
- 1

CURRENT ASSETS
Debtors 6 1,125 22,834

CREDITORS
Amounts falling due within one year 7 177,303 187,956
NET CURRENT LIABILITIES (176,178 ) (165,122 )
TOTAL ASSETS LESS CURRENT LIABILITIES (176,178 ) (165,121 )

CREDITORS
Amounts falling due after more than one year 8 36,952 42,445
NET LIABILITIES (213,130 ) (207,566 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 (213,230 ) (207,666 )
SHAREHOLDERS' FUNDS (213,130 ) (207,566 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

Caffe Gusto Limited (Registered number: 04431642)

Balance Sheet - continued
30 June 2023


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2024 and were signed on its behalf by:




M S Berger - Director



T Nissim - Director


Caffe Gusto Limited (Registered number: 04431642)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Caffe Gusto 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.

Goodwill
Goodwill is written off over it's estimated useful life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Straight line over the life of the lease

Hardware and Crockery which is included in Plant & Machinery is under the Renewals scheme ICTA 1988 S74 (1) (d) and therefore, no depreciation has been calculated.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 6 ).

Caffe Gusto Limited (Registered number: 04431642)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 66,999
AMORTISATION
At 1 July 2022
and 30 June 2023 66,999
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

5. TANGIBLE FIXED ASSETS
Short
leasehold
£   
COST
At 1 July 2022 1
Disposals (1 )
At 30 June 2023 -
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 583 17,531
Other debtors 486 486
Prepayments and accrued income - 4,761
Prepayments 56 56
1,125 22,834

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 50,665 52,143
Trade creditors 1,376 22,896
Social security and other taxes - 3,330
VAT 1,332 984
Directors' current accounts 121,550 101,450
Accruals and deferred income 55 4,828
Accrued expenses 2,325 2,325
177,303 187,956

Caffe Gusto Limited (Registered number: 04431642)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans - 1-2 years 5,043 5,043
Bank loans - 2-5 years 15,129 15,129
Bank loans more 5 yr by instal 16,780 22,273
36,952 42,445

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 16,780 22,273

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.23 30.6.22
£    £   
Within one year - 35,000
Between one and five years - 97,708
- 132,708

10. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank overdrafts 45,622 47,100

There is a fixed and floating charge over all the company's assets in favour of HSBC Bank PLC with regards to the overdraft.

The company has a Bounce Back Loan which is government backed.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Ordinary 1 100 100

12. RESERVES
Retained
earnings
£   

At 1 July 2022 (207,666 )
Deficit for the year (5,564 )
At 30 June 2023 (213,230 )