Company Registration No. 06670622 (England and Wales)
Valentines Park Cafe Limited
Unaudited accounts
for the year ended 26 December 2023
Valentines Park Cafe Limited
Unaudited accounts
Contents
Valentines Park Cafe Limited
Company Information
for the year ended 26 December 2023
Secretary
Carol Anne Walton
Company Number
06670622 (England and Wales)
Registered Office
UNIT 27 STATION HILL
THURSTON
BURY ST. EDMUNDS
SUFFOLK
IP31 3QU
ENGLAND
Valentines Park Cafe Limited
Statement of financial position
as at 26 December 2023
Intangible assets
43,385
48,983
Tangible assets
17,903
20,558
Cash at bank and in hand
41,309
40,950
Creditors: amounts falling due within one year
(68,537)
(92,304)
Net current liabilities
(20,217)
(44,343)
Total assets less current liabilities
41,071
25,198
Creditors: amounts falling due after more than one year
(9,786)
(16,917)
Provisions for liabilities
Deferred tax
(3,401)
(3,912)
Called up share capital
2
2
Profit and loss account
27,882
4,367
Shareholders' funds
27,884
4,369
For the year ending 26 December 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.
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 19 September 2024 and were signed on its behalf by
Paul Walton
Director
Company Registration No. 06670622
Valentines Park Cafe Limited
Notes to the Accounts
for the year ended 26 December 2023
Valentines Park Cafe Limited is a private company, limited by shares, registered in England and Wales, registration number 06670622. The registered office is UNIT 27 STATION HILL, THURSTON, BURY ST. EDMUNDS, SUFFOLK, IP31 3QU, ENGLAND.
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention
Turnover represents takings excluding value added tax.
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty years.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles
25% on reducing balance
Fixtures & fittings
15% on reducing balance
Computer equipment
33% on cost
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
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.
Valentines Park Cafe Limited
Notes to the Accounts
for the year ended 26 December 2023
3
Intangible fixed assets
Goodwill
At 27 December 2022
111,950
At 26 December 2023
111,950
At 27 December 2022
62,967
At 26 December 2023
68,565
At 26 December 2023
43,385
At 26 December 2022
48,983
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 27 December 2022
17,300
33,499
1,166
51,965
At 26 December 2023
17,300
35,013
1,166
53,479
At 27 December 2022
7,771
22,470
1,166
31,407
Charge for the year
2,382
1,787
-
4,169
At 26 December 2023
10,153
24,257
1,166
35,576
At 26 December 2023
7,147
10,756
-
17,903
At 26 December 2022
9,529
11,029
-
20,558
Amounts falling due within one year
Accrued income and prepayments
625
625
Valentines Park Cafe Limited
Notes to the Accounts
for the year ended 26 December 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
27,000
42,000
Taxes and social security
16,745
14,288
Other creditors
12,313
12,313
Loans from directors
91
18,615
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 7 (2022: 12).