Registered number
08748205
Cafe Ancona Ltd
Unaudited Filleted Accounts and Notes
For the year ended
31 October 2023
Cafe Ancona Ltd
Registered number: 08748205
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 8,703 12,982
Current assets
Debtors 4 5,715 11,651
Cash at bank and in hand 82,054 63,374
87,769 75,025
Creditors: amounts falling due within one year 5 (110,995) (110,622)
Net current liabilities (23,226) (35,597)
Total assets less current liabilities (14,523) (22,615)
Creditors: amounts falling due after more than one year 6 (38,505) (43,450)
Net liabilities (53,028) (66,065)
Capital and reserves
Called up share capital 1 1
Profit and loss account (53,029) (66,066)
Shareholders' funds (53,028) (66,065)
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.
Flora Shala
Director
Approved by the board on 29 July 2024
Cafe Ancona Ltd
Notes to the Accounts
for the year ended 31 October 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).
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 land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 November 2022 11,349 31,314 42,663
Additions 2,292 - 2,292
Disposals - (1,475) (1,475)
At 31 October 2023 13,641 29,839 43,480
Depreciation
At 1 November 2022 11,349 18,332 29,681
Charge for the year - 5,096 5,096
At 31 October 2023 11,349 23,428 34,777
Net book value
At 31 October 2023 2,292 6,411 8,703
At 31 October 2022 - 12,982 12,982
4 Debtors 2023 2022
£ £
Other debtors 5,715 11,651
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 2,770 32,654
Taxation and social security costs 5,477 6,545
Other creditors 102,748 71,423
110,995 110,622
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 38,505 43,450
7 Controlling party
The company is controlled and owned 100% by Flora Shala sole director
8 Other information
Cafe Ancona Ltd is a private company limited by shares and incorporated in England. Its registered office is:
4 Laurel Park
Harrow
HA3 6AU
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