Registered number
09688426
Cafe Baristas Hook Limited
Unaudited Filleted Accounts
31 July 2023
Cafe Baristas Hook Limited
Company Information
Directors
Mr AJ Brett
Mrs M Brett
Accountants
Keith Graham
Chartered Accountants
Suite 2, Wesley Chambers
Queens Road
Aldershot
Hampshire
GU11 3JD
Bankers
Santander Business Banking
Bridle Road
Bootle
Liverpool
L30 4GB
Registered office
Suite 2, Wesley Chambers
Queens Road
Aldershot
Hampshire
GU11 3JD
Registered number
09688426
Cafe Baristas Hook Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Cafe Baristas Hook Limited for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Cafe Baristas Hook Limited for the year ended 31 July 2023 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com /en/members/regulations-standards-and-guidance.
This report is made solely to the Board of Directors of Cafe Baristas Hook Limited, as a body, in accordance with the terms of our engagement letter dated 29 March 2023. Our work has been undertaken solely to prepare for your approval the accounts of Cafe Baristas Hook Limited and state those matters that we have agreed to state to the Board of Directors of Cafe Baristas Hook Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cafe Baristas Hook Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Cafe Baristas Hook Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Cafe Baristas Hook Limited. You consider that Cafe Baristas Hook Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Cafe Baristas Hook Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Keith Graham
Chartered Accountants
Suite 2, Wesley Chambers
Queens Road
Aldershot
Hampshire
GU11 3JD
22 February 2024
Cafe Baristas Hook Limited
Registered number: 09688426
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 29,841 25,678
Current assets
Stocks 188 150
Debtors 4 9,596 8,698
Cash at bank and in hand 479 430
10,263 9,278
Creditors: amounts falling due within one year 5 (72,144) (70,201)
Net current liabilities (61,881) (60,923)
Total assets less current liabilities (32,040) (35,245)
Creditors: amounts falling due after more than one year 6 (7,965) (11,923)
Net liabilities (40,005) (47,168)
Capital and reserves
Called up share capital 2 2
Profit and loss account (40,007) (47,170)
Shareholders' funds (40,005) (47,168)
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 AJ Brett
Director
Approved by the board on 19 February 2024
Cafe Baristas Hook Limited
Notes to the Accounts
for the year ended 31 July 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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Grants
Grant income is recognised when the company is entitled to the receipt. Grants receivable are shown in the profit and loss account as part of turnover and any associated costs are shown in the profit and loss account according to their nature.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Leasehold improvements over the lease term
Plant and machinery - Furniture and equipment 20% straight line
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 3
3 Tangible fixed assets
Leasehold Furniture and equipment Total
£ £ £
Cost
At 1 August 2022 35,667 31,314 66,981
Additions 5,360 1,656 7,016
At 31 July 2023 41,027 32,970 73,997
Depreciation
At 1 August 2022 11,172 30,131 41,303
Charge for the year 2,051 802 2,853
At 31 July 2023 13,223 30,933 44,156
Net book value
At 31 July 2023 27,804 2,037 29,841
At 31 July 2022 24,495 1,183 25,678
4 Debtors 2023 2022
£ £
Other debtors 9,596 8,698
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 12,283 3,924
Trade creditors 454 1,030
Taxation and social security costs 549 416
Other creditors 58,858 64,831
72,144 70,201
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 7,965 11,923
7 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 11,944 15,846
The loan is a Bounce Back Loan from National Westminster Bank plc and is guaranteed by the UK Government. The loan has a fixed rate of interest at 2.5%.
8 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 237,028 256,028
9 Other information
Cafe Baristas Hook Limited is a private company limited by shares and incorporated in England. Its registered office is:
Suite 2, Wesley Chambers
Queens Road
Aldershot
Hampshire
GU11 3JD
The functional currency for these accounts is Sterling.
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