Company Registration No. SC519078 (Scotland)
NowNow Cafe Limited
Unaudited accounts
for the year ended 31 October 2023
NowNow Cafe Limited
Unaudited accounts
Contents
NowNow Cafe Limited
Company Information
for the year ended 31 October 2023
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
NowNow Cafe Limited
Statement of financial position
as at 31 October 2023
Intangible assets
28,970
31,892
Tangible assets
59,416
35,797
Cash at bank and in hand
69,425
64,833
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)
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
NowNow Cafe Limited
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
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.
NowNow Cafe Limited
Notes to the Accounts
for the year ended 31 October 2023
4
Intangible fixed assets
Goodwill
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
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
At 31 October 2023
28,098
30,192
216
910
59,416
At 31 October 2022
34,555
-
-
1,242
35,797
Amounts falling due after more than one year
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
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
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
18,774
-
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).