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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
Page
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Valentines Park Cafe Limited Company Information for the year ended 26 December 2023
Director
Paul Walton
Secretary
Carol Anne Walton
Company Number
06670622 (England and Wales)
Registered Office
UNIT 27 STATION HILL THURSTON BURY ST. EDMUNDS SUFFOLK IP31 3QU ENGLAND
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Valentines Park Cafe Limited Statement of financial position as at 26 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
43,385 
48,983 
Tangible assets
17,903 
20,558 
61,288 
69,541 
Current assets
Inventories
4,850 
4,850 
Debtors
2,161 
2,161 
Cash at bank and in hand
41,309 
40,950 
48,320 
47,961 
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)
Net assets
27,884 
4,369 
Capital and reserves
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
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Valentines Park Cafe Limited Notes to the Accounts for the year ended 26 December 2023
1
Statutory information
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.
2
Accounting policies
Basis of preparation
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
Turnover represents takings excluding value added tax.
Goodwill
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
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred taxation
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.
Pension costs
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.
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Valentines Park Cafe Limited Notes to the Accounts for the year ended 26 December 2023
3
Intangible fixed assets
Goodwill 
£ 
Cost
At 27 December 2022
111,950 
At 26 December 2023
111,950 
Amortisation
At 27 December 2022
62,967 
Charge for the year
5,598 
At 26 December 2023
68,565 
Net book value
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 
Additions
- 
1,514 
- 
1,514 
At 26 December 2023
17,300 
35,013 
1,166 
53,479 
Depreciation
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 
Net book value
At 26 December 2023
7,147 
10,756 
- 
17,903 
At 26 December 2022
9,529 
11,029 
- 
20,558 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
625 
625 
Other debtors
1,536 
1,536 
2,161 
2,161 
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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 
VAT
4,029 
5,088 
Trade creditors
7,159 
- 
Taxes and social security
16,745 
14,288 
Other creditors
12,313 
12,313 
Loans from directors
91 
18,615 
Accruals
1,200 
- 
68,537 
92,304 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
9,786 
16,917 
8
Average number of employees
During the year the average number of employees was 7 (2022: 12).
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