Company Registration No. SC249070 (Scotland)
Cafe 1 Ltd.
Unaudited accounts
for the period from 1 September 2022 to 31 October 2023
Cafe 1 Ltd.
Unaudited accounts
Contents
Cafe 1 Ltd.
Company Information
for the period from 1 September 2022 to 31 October 2023
Company Number
SC249070 (Scotland)
Registered Office
The Green House
Beechwood Business Park North
Inverness
IV2 3BL
Accountants
CMM Accountancy (Inverness) Limited
The Green House
Beechwood Business Park North
Inverness
IV2 3BL
Cafe 1 Ltd.
Statement of financial position
as at 31 October 2023
Intangible assets
87,500
105,000
Tangible assets
527,172
10,857
Cash at bank and in hand
5,037
5,325
Creditors: amounts falling due within one year
(332,227)
(305,437)
Net current liabilities
(228,361)
(60,459)
Total assets less current liabilities
386,311
55,398
Creditors: amounts falling due after more than one year
(364,821)
(37,161)
Provisions for liabilities
Called up share capital
2
2
Profit and loss account
19,881
17,393
Shareholders' funds
19,883
17,395
For the period 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the period in accordance with Section 444(2A).
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 30 August 2024 and were signed on its behalf by
N MacDonald
Director
Company Registration No. SC249070
Cafe 1 Ltd.
Notes to the Accounts
for the period from 1 September 2022 to 31 October 2023
Cafe 1 Ltd. is a private company, limited by shares, registered in Scotland, registration number SC249070. The registered office is The Green House, Beechwood Business Park North, Inverness, IV2 3BL.
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 period, 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:
Land & buildings
2% straight line
Motor vehicles
20% reducing balance
Fixtures & fittings
15% and 20% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less 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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Cafe 1 Ltd.
Notes to the Accounts
for the period from 1 September 2022 to 31 October 2023
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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.
4
Intangible fixed assets
Total
At 1 September 2022
150,000
At 31 October 2023
150,000
At 1 September 2022
45,000
Charge for the period
17,500
5
Tangible fixed assets
Total
At 1 September 2022
59,899
At 31 October 2023
582,039
At 1 September 2022
49,042
Charge for the period
5,825
At 31 October 2023
527,172
6
Operating lease commitments
2023
2022
At 31 October 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
-
3,363
7
Average number of employees
During the period the average number of employees was 24 (2022: 19).