IRIS Accounts Production v24.2.0.383 05131350 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false Ordinary 0.0500 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh051313502022-12-31051313502023-12-31051313502023-01-012023-12-31051313502021-12-31051313502022-01-012022-12-31051313502022-12-3105131350ns15:EnglandWales2023-01-012023-12-3105131350ns14:PoundSterling2023-01-012023-12-3105131350ns10:Director12023-01-012023-12-3105131350ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3105131350ns10:SmallEntities2023-01-012023-12-3105131350ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3105131350ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3105131350ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3105131350ns10:FullAccounts2023-01-012023-12-310513135012023-01-012023-12-3105131350ns10:OrdinaryShareClass12023-01-012023-12-3105131350ns10:Director22023-01-012023-12-3105131350ns10:CompanySecretary12023-01-012023-12-3105131350ns10:RegisteredOffice2023-01-012023-12-3105131350ns5:CurrentFinancialInstruments2023-12-3105131350ns5:CurrentFinancialInstruments2022-12-3105131350ns5:Non-currentFinancialInstruments2023-12-3105131350ns5:Non-currentFinancialInstruments2022-12-3105131350ns5:ShareCapital2023-12-3105131350ns5:ShareCapital2022-12-3105131350ns5:SharePremium2023-12-3105131350ns5:SharePremium2022-12-3105131350ns5:RetainedEarningsAccumulatedLosses2023-12-3105131350ns5:RetainedEarningsAccumulatedLosses2022-12-3105131350ns5:PatentsTrademarksLicencesConcessionsSimilar2022-12-3105131350ns5:ComputerSoftware2022-12-3105131350ns5:PatentsTrademarksLicencesConcessionsSimilar2023-01-012023-12-3105131350ns5:ComputerSoftware2023-01-012023-12-3105131350ns5:PatentsTrademarksLicencesConcessionsSimilar2023-12-3105131350ns5:ComputerSoftware2023-12-3105131350ns5:PatentsTrademarksLicencesConcessionsSimilar2022-12-3105131350ns5:ComputerSoftware2022-12-3105131350ns5:LeaseholdImprovements2022-12-3105131350ns5:FurnitureFittings2022-12-3105131350ns5:MotorVehicles2022-12-3105131350ns5:ComputerEquipment2022-12-3105131350ns5:LeaseholdImprovements2023-01-012023-12-3105131350ns5:FurnitureFittings2023-01-012023-12-3105131350ns5:MotorVehicles2023-01-012023-12-3105131350ns5:ComputerEquipment2023-01-012023-12-3105131350ns5:LeaseholdImprovements2023-12-3105131350ns5:FurnitureFittings2023-12-3105131350ns5:MotorVehicles2023-12-3105131350ns5:ComputerEquipment2023-12-3105131350ns5:LeaseholdImprovements2022-12-3105131350ns5:FurnitureFittings2022-12-3105131350ns5:MotorVehicles2022-12-3105131350ns5:ComputerEquipment2022-12-3105131350ns5:WithinOneYear2023-12-3105131350ns5:WithinOneYear2022-12-3105131350ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3105131350ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3105131350ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-12-3105131350ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-12-3105131350ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-3105131350ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-12-3105131350ns5:HirePurchaseContractsns5:WithinOneYear2023-12-3105131350ns5:HirePurchaseContractsns5:WithinOneYear2022-12-3105131350ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-12-3105131350ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2022-12-3105131350ns5:HirePurchaseContracts2023-12-3105131350ns5:HirePurchaseContracts2022-12-3105131350ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3105131350ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3105131350ns5:BetweenOneFiveYears2023-12-3105131350ns5:BetweenOneFiveYears2022-12-3105131350ns5:AllPeriods2023-12-3105131350ns5:AllPeriods2022-12-3105131350ns5:Secured2023-12-3105131350ns5:Secured2022-12-3105131350ns5:DeferredTaxation2022-12-3105131350ns5:DeferredTaxation2023-12-3105131350ns10:OrdinaryShareClass12023-12-3105131350ns10:Director222022-12-3105131350ns10:Director222021-12-3105131350ns10:Director222023-01-012023-12-3105131350ns10:Director222022-01-012022-12-3105131350ns10:Director222023-12-3105131350ns10:Director222022-12-31
REGISTERED NUMBER: 05131350 (England and Wales)












Unaudited Financial Statements

For The Year Ended 31st December 2023

for

Cafe 2 U Limited

Cafe 2 U Limited (Registered number: 05131350)






Contents of the Financial Statements
For The Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cafe 2 U Limited

Company Information
For The Year Ended 31st December 2023







DIRECTORS: H J Dunlop
M J Ward





SECRETARY: H J Dunlop





REGISTERED OFFICE: 10 Fusion Court
Aberford Road
Garforth
Leeds
North Yorkshire
LS25 2GH





REGISTERED NUMBER: 05131350 (England and Wales)





ACCOUNTANTS: F E Metcalfe & Co Limited
Chartered Accountants
4 Old Market Place
Ripon
North Yorkshire
HG4 1EQ

Cafe 2 U Limited (Registered number: 05131350)

Balance Sheet
31st December 2023

31.12.23 31.12.22
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 14,510 23,290
Tangible assets 5 90,339 87,272
104,849 110,562

CURRENT ASSETS
Stocks 54,383 87,661
Debtors 6 453,635 466,332
Cash at bank and in hand 7 111,096 168,998
619,114 722,991
CREDITORS
Amounts falling due within one year 8 369,433 464,349
NET CURRENT ASSETS 249,681 258,642
TOTAL ASSETS LESS CURRENT
LIABILITIES

354,530

369,204

CREDITORS
Amounts falling due after more than one
year

9

(143,157

)

(165,208

)

PROVISIONS FOR LIABILITIES 12 (22,595 ) (21,818 )
NET ASSETS 188,778 182,178

CAPITAL AND RESERVES
Called up share capital 13 125 125
Share premium 36,975 36,975
Retained earnings 151,678 145,078
SHAREHOLDERS' FUNDS 188,778 182,178

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Cafe 2 U Limited (Registered number: 05131350)

Balance Sheet - continued
31st December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st August 2024 and were signed on its behalf by:





H J Dunlop - Director


Cafe 2 U Limited (Registered number: 05131350)

Notes to the Financial Statements
For The Year Ended 31st December 2023

1. STATUTORY INFORMATION

Cafe 2 U Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Summary of significant accounting policies
(a) General information and basis of preparation

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

(b) Intangible asset

Intangible assets acquired separately from a business are capitalised at cost. The Licence intangible asset is the Franchise Licence held to operate the Cafe2U franchise in the United Kingdom for 25 years. The original licence commenced in 2006. The computer software intangible asset are application development costs.

Intangible assets are amortised on a straight line basis over their useful lives. The useful life of the Licence intangible asset is 25 years, being the period of the licence fee. The computer software intangible amortisaton is 5 years.

Provision is made for any impairment.


(c) Tangible fixed assets

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Property Improvement Over the shorter of the lease term and expected life of the asset
Plant and Machinery Between one and two years
Fixtures & Fittings Three years
Computer & Office Equipment Five years

Cafe 2 U Limited (Registered number: 05131350)

Notes to the Financial Statements - continued
For The Year Ended 31st December 2023

2. ACCOUNTING POLICIES - continued

Significant accounting policies continued
d) Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase and all other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

(e) Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

(f) Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

(g) Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

(h) Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

(i) Leases

Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

(j) Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.









Cafe 2 U Limited (Registered number: 05131350)

Notes to the Financial Statements - continued
For The Year Ended 31st December 2023

2. ACCOUNTING POLICIES - continued
(k) Tax (continued)

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

(l) Turnover and other income

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Turnover from the sale of franchise licence fees, van fit out fees, recurring franchise fees, product rebates and other sales is recognised when significant risks and rewards of ownership of the goods (where applicable) have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is the signing of a new franchise licence agreement or on the invoice of goods or services.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Computer
Licences software Totals
£ £ £
COST
At 1st January 2023
and 31st December 2023 14,500 41,000 55,500
AMORTISATION
At 1st January 2023 10,343 21,867 32,210
Amortisation for year 580 8,200 8,780
At 31st December 2023 10,923 30,067 40,990
NET BOOK VALUE
At 31st December 2023 3,577 10,933 14,510
At 31st December 2022 4,157 19,133 23,290

Cafe 2 U Limited (Registered number: 05131350)

Notes to the Financial Statements - continued
For The Year Ended 31st December 2023

5. TANGIBLE FIXED ASSETS
Fixtures Computer
Improvements and Motor and Office
to property fittings vehicles Equipment Totals
£ £ £ £ £
COST
At 1st January 2023 1,941 12,443 74,088 41,899 130,371
Additions - 3,037 34,545 1,664 39,246
Disposals - - - (8,313 ) (8,313 )
At 31st December 2023 1,941 15,480 108,633 35,250 161,304
DEPRECIATION
At 1st January 2023 1,941 8,302 1,543 31,313 43,099
Charge for year - 2,505 24,118 3,208 29,831
Eliminated on disposal - - - (1,965 ) (1,965 )
At 31st December 2023 1,941 10,807 25,661 32,556 70,965
NET BOOK VALUE
At 31st December 2023 - 4,673 82,972 2,694 90,339
At 31st December 2022 - 4,141 72,545 10,586 87,272

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Trade debtors 232,299 338,978
Other debtors 30,150 52,207
Amount due from parent company 9,939 9,126
Loan to parent company Director 16,768 16,406
Directors' current accounts 2,774 3,057
Prepayments and accrued income 161,705 46,558
453,635 466,332

7. CASH AT BANK AND IN HAND

At the period end there is a balance of £6,872 (31 December 2022 £4,394) that is restricted for use on marketing expenditure under the terms of the franchise agreements.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Bank loans and overdrafts 30,000 30,000
Hire purchase contracts (see note 10) 20,816 8,423
Trade creditors 181,085 210,473
Corporation Tax 865 8,775
Social security and other taxes 56,305 65,126
Other Creditors 5,319 6,966
Accruals and deferred income 75,043 134,586
369,433 464,349

Cafe 2 U Limited (Registered number: 05131350)

Notes to the Financial Statements - continued
For The Year Ended 31st December 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£ £
Bank loans - 1-2 years 30,000 30,000
Bank loans - 2-5 years 47,500 75,000
Hire purchase contracts (see note 10) 65,657 60,208
143,157 165,208

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.23 31.12.22
£ £
Gross obligations repayable:
Within one year 27,771 17,520
Between one and five years 80,996 72,088
108,767 89,608

Finance charges repayable:
Within one year 6,955 9,097
Between one and five years 15,339 11,880
22,294 20,977

Net obligations repayable:
Within one year 20,816 8,423
Between one and five years 65,657 60,208
86,473 68,631

Non-cancellable
operating leases
31.12.23 31.12.22
£ £
Within one year 28,319 16,000
Between one and five years 85,265 65,333
113,584 81,333

Cafe 2 U Limited (Registered number: 05131350)

Notes to the Financial Statements - continued
For The Year Ended 31st December 2023

11. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£ £
Bank loans 107,500 135,000

The bank loan is secured by a Debenture held by HSBC Bank PLC as fixed and floating charges over the company, and all property and assets of the company.

12. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£ £
Deferred tax 22,595 21,818

Deferred tax
£
Balance at 1st January 2023 21,818
Accelerated capital allowances 777
Balance at 31st December 2023 22,595

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £ £
25,000 Ordinary £0.005 125 125

14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2023 and 31st December 2022:

31.12.23 31.12.22
£ £
M J Ward
Balance outstanding at start of year 3,057 -
Amounts advanced - 3,057
Amounts repaid (283 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,774 3,057

No interest is charged and the balance is repayable on demand.

15. RELATED PARTY DISCLOSURES

The company made a loan of £16,000 to a director of the immediate parent company, who is a related party of the company. Interest was charged during the year on the loan at a rate of 2% per annum until 5th April 2023, and from then on at a rate of 2.25%. The loan balance, with interest, at 31st December 2023 stands at £16,768 (2022 £16,406). The loan is repayable on demand. No repayment was made during the year.