IRIS Accounts Production v23.3.1.45 08058747 director 1.6.22 31.5.23 31.5.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh080587472022-05-31080587472023-05-31080587472022-06-012023-05-31080587472021-05-31080587472021-06-012022-05-31080587472022-05-3108058747ns10:Originalns15:EnglandWales2022-06-012023-05-3108058747ns14:PoundSterlingns10:Original2022-06-012023-05-3108058747ns10:Originalns10:Director12022-06-012023-05-3108058747ns10:Original2022-06-012023-05-3108058747ns10:Original2023-05-3108058747ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3108058747ns10:Originalns10:SmallEntities2022-06-012023-05-3108058747ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3108058747ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3108058747ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3108058747ns10:Originalns10:FullAccounts2022-06-012023-05-3108058747ns10:Original12022-06-012023-05-3108058747ns10:Originalns10:RegisteredOffice2022-06-012023-05-3108058747ns10:Original2022-05-3108058747ns10:Originalns5:CurrentFinancialInstruments2023-05-3108058747ns10:Originalns5:CurrentFinancialInstruments2022-05-3108058747ns5:ShareCapitalns10:Original2023-05-3108058747ns5:ShareCapitalns10:Original2022-05-3108058747ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3108058747ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3108058747ns10:Originalns5:NetGoodwill2022-06-012023-05-3108058747ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-06-012023-05-3108058747ns10:Originalns5:LandBuildings2022-06-012023-05-3108058747ns10:Originalns5:PlantMachinery2022-06-012023-05-3108058747ns10:Original2021-06-012022-05-3108058747ns10:Originalns5:NetGoodwill2022-05-3108058747ns10:Originalns5:NetGoodwill2023-05-3108058747ns10:Originalns5:NetGoodwill2022-05-3108058747ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-05-3108058747ns10:Originalns5:PlantMachinery2022-05-3108058747ns10:Originalns5:ComputerEquipment2022-05-3108058747ns10:Original2022-05-3108058747ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-06-012023-05-3108058747ns10:Originalns5:ComputerEquipment2022-06-012023-05-3108058747ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2023-05-3108058747ns10:Originalns5:PlantMachinery2023-05-3108058747ns10:Originalns5:ComputerEquipment2023-05-3108058747ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-05-3108058747ns10:Originalns5:PlantMachinery2022-05-3108058747ns10:Originalns5:ComputerEquipment2022-05-3108058747ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3108058747ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-012023-05-31
REGISTERED NUMBER: 08058747 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

THE SPINNAKER CAFE LTD

THE SPINNAKER CAFE LTD (REGISTERED NUMBER: 08058747)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 May 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


THE SPINNAKER CAFE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 May 2023







DIRECTOR: Mrs N Jackson





REGISTERED OFFICE: The Ivy House
1 Folly Lane
Petersfield
Hampshire
GU31 4AU





REGISTERED NUMBER: 08058747 (England and Wales)





ACCOUNTANTS: Wallis White & Co
Accountants and Tax Consultants
The Ivy House
1 Folly Lane
Petersfield
Hampshire
GU31 4AU

THE SPINNAKER CAFE LTD (REGISTERED NUMBER: 08058747)

BALANCE SHEET
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 10,412 11,016
10,412 11,016

CURRENT ASSETS
Stocks 6 800 800
Debtors 7 3,875 3,875
Cash at bank and in hand 81,544 73,615
86,219 78,290
CREDITORS
Amounts falling due within one year 8 26,674 24,829
NET CURRENT ASSETS 59,545 53,461
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,957

64,477

PROVISIONS FOR LIABILITIES - 1,742
NET ASSETS 69,957 62,735

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 9 69,956 62,734
SHAREHOLDERS' FUNDS 69,957 62,735

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

THE SPINNAKER CAFE LTD (REGISTERED NUMBER: 08058747)

BALANCE SHEET - continued
31 May 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 director and authorised for issue on 5 October 2023 and were signed by:





Mrs N Jackson - Director


THE SPINNAKER CAFE LTD (REGISTERED NUMBER: 08058747)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 May 2023


1. STATUTORY INFORMATION

The Spinnaker Cafe Ltd 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, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of eight years.

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.
Land and buildings - not provided
Plant and machinery etc - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

THE SPINNAKER CAFE LTD (REGISTERED NUMBER: 08058747)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 May 2023


2. ACCOUNTING POLICIES - continued

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 8 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 15,000
AMORTISATION
At 1 June 2022
and 31 May 2023 15,000
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

5. TANGIBLE FIXED ASSETS
Short Plant and Computer
leasehold machinery equipment Totals
£    £    £    £   
COST
At 1 June 2022 1,848 27,037 379 29,264
Additions - 908 - 908
At 31 May 2023 1,848 27,945 379 30,172
DEPRECIATION
At 1 June 2022 - 18,142 106 18,248
Charge for year - 1,471 41 1,512
At 31 May 2023 - 19,613 147 19,760
NET BOOK VALUE
At 31 May 2023 1,848 8,332 232 10,412
At 31 May 2022 1,848 8,895 273 11,016

6. STOCKS
31.5.23 31.5.22
£    £   
Stocks 800 800

THE SPINNAKER CAFE LTD (REGISTERED NUMBER: 08058747)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 May 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other debtors 3,875 3,875

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Tax 10,896 13,702
Social security and other taxes 124 100
VAT 11,025 7,962
Directors' current accounts 1,618 63
Accrued expenses 3,011 3,002
26,674 24,829

9. RESERVES
Retained
earnings
£   

At 1 June 2022 62,734
Profit for the year 47,222
Dividends (40,000 )
At 31 May 2023 69,956