1 November 2022 false No description of principal activity Taxfiler 2024.5 SC519078business:PrivateLimitedCompanyLtd2022-11-012023-10-31 SC5190782022-10-31 SC5190782022-11-012023-10-31 SC519078business:AuditExemptWithAccountantsReport2022-11-012023-10-31 SC519078business:FilletedAccounts2022-11-012023-10-31 SC5190782023-10-31 SC519078business:Director12022-11-012023-10-31 SC519078business:RegisteredOffice2022-11-012023-10-31 SC5190782022-10-31 SC519078core:WithinOneYear2023-10-31 SC519078core:WithinOneYear2022-10-31 SC519078core:AfterOneYear2023-10-31 SC519078core:AfterOneYear2022-10-31 SC519078core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 SC519078core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 SC519078core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 SC519078core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 SC519078core:PreviouslyStatedAmount2023-10-31 SC519078core:PreviouslyStatedAmount2022-10-31 SC519078business:SmallEntities2022-11-012023-10-31 SC519078countries:Scotland2022-11-012023-10-31 SC519078core:PlantMachinery2022-11-012023-10-31 SC519078core:MotorVehicles2022-11-012023-10-31 SC519078core:FurnitureFittings2022-11-012023-10-31 SC519078core:ComputerEquipment2022-11-012023-10-31 SC519078core:Goodwill2022-10-31 SC519078core:Goodwill2023-10-31 SC519078core:Goodwill2022-11-012023-10-31 SC519078core:PlantMachinery2022-10-31 SC519078core:MotorVehicles2022-10-31 SC519078core:FurnitureFittings2022-10-31 SC519078core:ComputerEquipment2022-10-31 SC519078core:PlantMachinery2023-10-31 SC519078core:MotorVehicles2023-10-31 SC519078core:FurnitureFittings2023-10-31 SC519078core:ComputerEquipment2023-10-31 SC519078business:OrdinaryShareClass12022-11-012023-10-31 SC519078business:OrdinaryShareClass12021-11-012022-10-31 SC5190782021-11-012022-10-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. SC519078 (Scotland)
NowNow Cafe Limited Unaudited accounts for the year ended 31 October 2023
NowNow Cafe Limited Unaudited accounts Contents
Page
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NowNow Cafe Limited Company Information for the year ended 31 October 2023
Director
Mrs G Leatt
Company Number
SC519078 (Scotland)
Registered Office
14 Pitcaple Gardens LIVINGSTON West Lothian EH54 9HW United Kingdom
Accountants
Added Accounting Ltd 8 Whitehouse Crescent Gorebridge EH23 4FT
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NowNow Cafe Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
28,970 
31,892 
Tangible assets
59,416 
35,797 
88,386 
67,689 
Current assets
Inventories
4,595 
5,420 
Debtors
448 
- 
Cash at bank and in hand
69,425 
64,833 
74,468 
70,253 
Creditors: amounts falling due within one year
(103,542)
(105,055)
Net current liabilities
(29,074)
(34,802)
Total assets less current liabilities
59,312 
32,887 
Creditors: amounts falling due after more than one year
(26,690)
(19,767)
Net assets
32,622 
13,120 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
32,621 
13,119 
Shareholders' funds
32,622 
13,120 
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 July 2024 and were signed on its behalf by
Mrs G Leatt Director Company Registration No. SC519078
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NowNow Cafe Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
NowNow Cafe Limited is a private company, limited by shares, registered in Scotland, registration number SC519078. The registered office is 14 Pitcaple Gardens, LIVINGSTON, West Lothian, EH54 9HW, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
25% straight line
Fixtures & fittings
20% straight line
Computer equipment
33.33% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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NowNow Cafe Limited Notes to the Accounts for the year ended 31 October 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2022
57,412 
At 31 October 2023
57,412 
Amortisation
At 1 November 2022
25,520 
Charge for the year
2,922 
At 31 October 2023
28,442 
Net book value
At 31 October 2023
28,970 
At 31 October 2022
31,892 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 November 2022
100,995 
- 
- 
5,325 
106,320 
Additions
4,048 
32,975 
228 
420 
37,671 
At 31 October 2023
105,043 
32,975 
228 
5,745 
143,991 
Depreciation
At 1 November 2022
66,440 
- 
- 
4,083 
70,523 
Charge for the year
10,505 
2,783 
12 
752 
14,052 
At 31 October 2023
76,945 
2,783 
12 
4,835 
84,575 
Net book value
At 31 October 2023
28,098 
30,192 
216 
910 
59,416 
At 31 October 2022
34,555 
- 
- 
1,242 
35,797 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
448 
- 
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NowNow Cafe Limited Notes to the Accounts for the year ended 31 October 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
11,369 
8,469 
VAT
15,432 
12,389 
Obligations under finance leases and hire purchase contracts
7,999 
- 
Trade creditors
5,000 
9,000 
Taxes and social security
6,045 
1,509 
Other creditors
578 
18,956 
Loans from directors
31,533 
48,190 
Accruals
25,586 
6,542 
103,542 
105,055 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
7,916 
19,767 
Obligations under finance leases and hire purchase contracts
18,774 
- 
26,690 
19,767 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
10
Average number of employees
During the year the average number of employees was 17 (2022: 17).
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