Cafélias Ltd 14554113 false 2022-12-22 2023-12-31 2023-12-31 The principal activity of the company is to provide child day-care activities and to run unlicensed restaurants and cafes. Digita Accounts Production Advanced 6.30.9574.0 true 14554113 2022-12-22 2023-12-31 14554113 2023-12-31 14554113 core:CurrentFinancialInstruments 2023-12-31 14554113 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 14554113 core:FurnitureFittingsToolsEquipment 2023-12-31 14554113 bus:SmallEntities 2022-12-22 2023-12-31 14554113 bus:AuditExemptWithAccountantsReport 2022-12-22 2023-12-31 14554113 bus:FilletedAccounts 2022-12-22 2023-12-31 14554113 bus:SmallCompaniesRegimeForAccounts 2022-12-22 2023-12-31 14554113 bus:RegisteredOffice 2022-12-22 2023-12-31 14554113 bus:Director1 2022-12-22 2023-12-31 14554113 bus:CompanyLimitedByGuarantee 2022-12-22 2023-12-31 14554113 core:FurnitureFittingsToolsEquipment 2022-12-22 2023-12-31 14554113 countries:EnglandWales 2022-12-22 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 14554113

Cafélias Ltd

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Period from 22 December 2022 to 31 December 2023

 

Cafélias Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Cafélias Ltd

(Registration number: 14554113)
Balance Sheet as at 31 December 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

3,139

Current assets

 

Stocks

5

133

Debtors

6

436

Cash at bank and in hand

 

3,509

 

4,078

Creditors: Amounts falling due within one year

7

(2,252)

Net current assets

 

1,826

Net assets

 

4,965

Reserves

 

Retained earnings

4,965

Surplus

 

4,965

For the financial period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 6 September 2024
 

.........................................
Dr N N Hernandez
Director

 

Cafélias Ltd

Notes to the Unaudited Financial Statements for the Period from 22 December 2022 to 31 December 2023

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £Nil towards the assets of the company in the event of liquidation.

The address of its registered office is:
30 St Giles'
Oxford
OX1 3LE

These financial statements were authorised for issue by the director on 6 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Cafélias Ltd

Notes to the Unaudited Financial Statements for the Period from 22 December 2022 to 31 December 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Cafélias Ltd

Notes to the Unaudited Financial Statements for the Period from 22 December 2022 to 31 December 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 0.

 

Cafélias Ltd

Notes to the Unaudited Financial Statements for the Period from 22 December 2022 to 31 December 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

3,836

3,836

At 31 December 2023

3,836

3,836

Depreciation

Charge for the period

697

697

At 31 December 2023

697

697

Carrying amount

At 31 December 2023

3,139

3,139

5

Stocks

2023
£

Other inventories

133

6

Debtors

2023
£

Prepayments

436

436

7

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Taxation and social security

159

Accruals and deferred income

1,800

Other creditors

293

2,252