Wilsons Cafe` and Takeaway Limited
Balance Sheet
As at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 6,404 5,758
Current assets
Stocks 1,250 1,000
Debtors 5 18,320 6,412
Cash at bank and in hand 40,709 47,887
60,279 55,299
Creditors: amounts falling due within one year 6 (11,995) (10,100)
Net current assets 48,284 45,199
Total assets less current liabilities 54,688 50,957
Provisions for liabilities
Deferred taxation (1,217) (1,094)
Net assets 53,471 49,863
Capital and reserves
Called up share capital 1 1
Profit and loss account 53,470 49,862
Shareholders' funds 53,471 49,863
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.
………………………………..
Mr S Wilson
Director
Approved by the board on 16 September 2024
Wilsons Cafe` and Takeaway Limited
Notes to the Accounts
For the Year Ended 31 December 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).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers of the café and takeaway business.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Plant and machinery etc 20% per annum on a reducing balance basis
Motor vehicles 25% per annum on a reducing balance basis
Stocks
Stocks are valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred tax assets and liabilities, resulting from timing differences between the recognition of gains and losses in the financial statements and their recognition for tax purposes.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
Government Grants
Government grants received as compensation for expenses or losses incurred are recognised in the profit and loss account when receivable.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company
(excluding directors) - -
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2023 20,000
At 31 December 2023 20,000
Amortisation
At 1 January 2023 20,000
At 31 December 2023 20,000
Net book value
At 31 December 2023 -
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 20,980 10,600 31,580
Additions 2,457 - 2,457
At 31 December 2023 23,437 10,600 34,037
Depreciation
At 1 January 2023 18,575 7,247 25,822
Charge for the year 973 838 1,811
At 31 December 2023 19,548 8,085 27,633
Net book value
At 31 December 2023 3,889 2,515 6,404
At 31 December 2022 2,405 3,353 5,758
5 Debtors 2023 2022
£ £
Trade debtors 758 521
Other debtors 17,562 5,891
18,320 6,412
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 5,935 4,983
Corporation tax 775 2,421
Other taxes and social security costs 5,285 2,696
11,995 10,100
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Interest-free loans 5,891 10,012 (256) 15,647
8 Controlling party
The company is controlled by a director.
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