Registered number
04434992
The Horniman Cafe Limited
Filleted Accounts
For The Year Ended 31 May 2023
The Horniman Cafe Limited
Registered number: 04434992
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 35,540 44,424
Current assets
Stocks 16,370 14,800
Debtors 4 223,490 217,415
Cash at bank and in hand 203,406 240,114
443,266 472,329
Creditors: amounts falling due within one year 5 (402,889) (288,077)
Net current assets 40,377 184,252
Total assets less current liabilities 75,917 228,676
Creditors: amounts falling due after more than one year 6 (15,369) (174,736)
Provisions for liabilities (6,753) (8,441)
Net assets 53,795 45,499
Capital and reserves
Called up share capital 100 100
Profit and loss account 53,695 45,399
Shareholders' funds 53,795 45,499
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.
Mr Ugo , Raymond, Jean, Christian Ienco-leccia
Director
Approved by the board on 15 April 2024
The Horniman Cafe Limited
Notes to the Accounts
for the year ended 31 May 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:
Fixtures & fittings 20% Reducing balance
Computer equipment 20% Reducing balance
Plant & Machinery 20% Reducing balance
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.
Going Concern
The company ceased to tade on 12 March 2024 following the termination of the contract with the landlord. The accounts are not adjusted to reflect the realised value of the assets and liabilities as part of the process of liquidating the entity.
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 40 31
3 Tangible fixed assets
Fixtures & fittings Plant & Machinery Computer equipment Total
£ £ £ £
Cost
At 1 June 2022 177,223 60,197 5,826 243,246
At 31 May 2023 177,223 60,197 5,826 243,246
Depreciation
At 1 June 2022 148,531 46,956 3,335 198,822
Charge for the year 5,738 2,648 498 8,884
At 31 May 2023 154,269 49,604 3,833 207,706
Net book value
At 31 May 2023 22,954 10,593 1,993 35,540
At 31 May 2022 28,692 13,241 2,491 44,424
4 Debtors 2023 2022
£ £
Trade debtors 8,269 -
Vat Refund 3,866 -
Other debtors 211,355 217,415
223,490 217,415
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 232,697 86,766
Trade creditors 32,209 70,541
Corporation tax 55,300 60,659
Taxation and social security costs 11,703 16,704
Other creditors 70,980 53,407
402,889 288,077
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 15,369 174,736
Bank loan is secured by fixed and floating charge over all assets
7 Related party transactions
Included in the other debtors is an amount £157,531 owed by the company director on which the interest has been charged @2.0% per annum and the tax has been accounted for under S455 of Corporation Tax Act 2010.
8 Other information
The Horniman Cafe Limited is a private company limited by shares and incorporated in England. Its registered office is:
Kitts End Lodge,
Kitts End Road,
Barnet,
Hertfordshire,
EN5 4RL
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