31 The Corner Cafe Limited 12593051 false 2022-06-01 2023-05-31 2023-05-31 The principal activity of the company is cafe. Digita Accounts Production Advanced 6.30.9574.0 true true 12593051 2022-06-01 2023-05-31 12593051 2023-05-31 12593051 bus:OrdinaryShareClass1 2023-05-31 12593051 bus:Original 2023-05-31 12593051 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 12593051 core:FurnitureFittingsToolsEquipment 2023-05-31 12593051 bus:SmallEntities 2022-06-01 2023-05-31 12593051 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 12593051 bus:FullAccounts 2022-06-01 2023-05-31 12593051 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 12593051 bus:RegisteredOffice 2022-06-01 2023-05-31 12593051 bus:Director1 2022-06-01 2023-05-31 12593051 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 12593051 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 12593051 core:FurnitureFittings 2022-06-01 2023-05-31 12593051 core:FurnitureFittingsToolsEquipment 2022-06-01 2023-05-31 12593051 countries:AllCountries 2022-06-01 2023-05-31 12593051 2022-05-31 12593051 core:FurnitureFittingsToolsEquipment 2022-05-31 12593051 2021-06-01 2022-05-31 12593051 2022-05-31 12593051 bus:OrdinaryShareClass1 2022-05-31 12593051 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 12593051 core:FurnitureFittingsToolsEquipment 2022-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12593051

31 The Corner Cafe Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2023

 

31 The Corner Cafe Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

31 The Corner Cafe Limited

Company Information

Director

Mr C W Weale

Registered office

31 Dover Road
Walmer
Deal
Kent
CT14 7HR

Accountants

Burgess Accountancy Services
46-47 The Strand
Walmer
Deal
Kent
CT14 7DX

 

31 The Corner Cafe Limited

(Registration number: 12593051)
Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

9,845

10,939

Current assets

 

Stocks

5

2,500

2,000

Cash at bank and in hand

 

7,275

7,960

 

9,775

9,960

Creditors: Amounts falling due within one year

6

(18,489)

(12,311)

Net current liabilities

 

(8,714)

(2,351)

Total assets less current liabilities

 

1,131

8,588

Provisions for liabilities

(1,870)

(2,078)

Net (liabilities)/assets

 

(739)

6,510

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

(839)

6,410

Shareholders' (deficit)/funds

 

(739)

6,510

For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 7 December 2023
 

 

31 The Corner Cafe Limited

(Registration number: 12593051)
Balance Sheet as at 31 May 2023

.........................................
Mr C W Weale
Director

 

31 The Corner Cafe Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
31 Dover Road
Walmer
Deal
Kent
CT14 7HR

These financial statements were authorised for issue by the director on 7 December 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

31 The Corner Cafe Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

10% Written down value

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

31 The Corner Cafe Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2022 - 5).

 

31 The Corner Cafe Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 June 2022

13,504

13,504

At 31 May 2023

13,504

13,504

Depreciation

At 1 June 2022

2,565

2,565

Charge for the year

1,094

1,094

At 31 May 2023

3,659

3,659

Carrying amount

At 31 May 2023

9,845

9,845

At 31 May 2022

10,939

10,939

5

Stocks

2023
£

2022
£

Other inventories

2,500

2,000

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

4,640

5,501

Accruals and deferred income

5,890

3,630

Other creditors

7,959

3,180

18,489

12,311

7

Share capital

Allotted, called up and fully paid shares

 

31 The Corner Cafe Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

         

8

Related party transactions

 

31 The Corner Cafe Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

Director's remuneration

The director's remuneration for the year was as follows:

2023
£

2022
£

Remuneration

22,080

11,400