Registered number
12232698
WOOD STREET CAFE LTD
Filleted Accounts
30 September 2023
WOOD STREET CAFE LTD
Registered number: 12232698
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 27,690 33,768
Current assets
Stocks 1,875 1,840
Debtors 4 3,750 -
Cash at bank and in hand 2,053 44,536
7,678 46,376
Creditors: amounts falling due within one year 5 (47,490) (74,291)
Net current liabilities (39,812) (27,915)
Total assets less current liabilities (12,122) 5,853
Creditors: amounts falling due after more than one year 6 (28,557) (36,678)
Net liabilities (40,679) (30,825)
Capital and reserves
Profit and loss account (40,679) (30,825)
Shareholder's funds (40,679) (30,825)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Jetmir Dajci
Director
Approved by the board on 14 September 2024
WOOD STREET CAFE LTD
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
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:
Freehold buildings over 50 years
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2022 62,000
At 30 September 2023 62,000
Depreciation
At 1 October 2022 28,232
Charge for the year 6,078
At 30 September 2023 34,310
Net book value
At 30 September 2023 27,690
At 30 September 2022 33,768
4 Debtors 2023 2022
£ £
Other debtors 3,750 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 1,131 1,041
Other creditors 46,359 73,250
47,490 74,291
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 28,557 36,678
7 Other information
WOOD STREET CAFE LTD is a private company limited by shares and incorporated in England. Its registered office is:
161
Forest Road
London
England
E17 6HE
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