IRIS Accounts Production v24.2.0.383 13535041 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh135350412022-12-31135350412023-12-31135350412023-01-012023-12-31135350412021-07-27135350412021-07-282022-12-31135350412022-12-3113535041ns15:EnglandWales2023-01-012023-12-3113535041ns14:PoundSterling2023-01-012023-12-3113535041ns10:Director12023-01-012023-12-3113535041ns10:Director22023-01-012023-12-3113535041ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3113535041ns10:SmallEntities2023-01-012023-12-3113535041ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3113535041ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3113535041ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3113535041ns10:FullAccounts2023-01-012023-12-3113535041ns10:RegisteredOffice2023-01-012023-12-3113535041ns5:CurrentFinancialInstruments2023-12-3113535041ns5:CurrentFinancialInstruments2022-12-3113535041ns5:ShareCapital2023-12-3113535041ns5:ShareCapital2022-12-3113535041ns5:RetainedEarningsAccumulatedLosses2023-12-3113535041ns5:RetainedEarningsAccumulatedLosses2022-12-3113535041ns5:FurnitureFittings2022-12-3113535041ns5:ComputerEquipment2022-12-3113535041ns5:FurnitureFittings2023-01-012023-12-3113535041ns5:ComputerEquipment2023-01-012023-12-3113535041ns5:FurnitureFittings2023-12-3113535041ns5:ComputerEquipment2023-12-3113535041ns5:FurnitureFittings2022-12-3113535041ns5:ComputerEquipment2022-12-31
REGISTERED NUMBER: 13535041 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

NORFOLK CAFES LTD

NORFOLK CAFES LTD (REGISTERED NUMBER: 13535041)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORFOLK CAFES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: C Mann
T Betts





REGISTERED OFFICE: 54 Thorpe Road
Norwich
Norfolk
NR1 1RY





REGISTERED NUMBER: 13535041 (England and Wales)






NORFOLK CAFES LTD (REGISTERED NUMBER: 13535041)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,035 576

CURRENT ASSETS
Stocks 8,724 11,680
Cash at bank and in hand 59,598 30,167
68,322 41,847
CREDITORS
Amounts falling due within one year 5 58,280 50,619
NET CURRENT ASSETS/(LIABILITIES) 10,042 (8,772 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,077

(8,196

)

PROVISIONS FOR LIABILITIES 259 -
NET ASSETS/(LIABILITIES) 10,818 (8,196 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10,718 (8,296 )
10,818 (8,196 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

NORFOLK CAFES LTD (REGISTERED NUMBER: 13535041)

BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:




C Mann - Director



T Betts - Director


NORFOLK CAFES LTD (REGISTERED NUMBER: 13535041)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Norfolk Cafes Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

The directors have considered the company's position at the time of signing the financial statements. After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

Preparation of consolidated financial statements
The financial statements contain information about Norfolk Cafes Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The following criteria must also be met before revenue is recognised:

Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has accepted delivery of the goods.

NORFOLK CAFES LTD (REGISTERED NUMBER: 13535041)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Fixtures and fittings - 25% reducing balance
Computer equipment - 25% reducing balance

Depreciation is not charged on property and improvements to property as the directors are of the opinion that the property is maintained to a standard whereby the useful economic life exceeds the cost.

The assets' residual values , useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and retained earnings.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first in, first out method.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from banks and other third parties.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


NORFOLK CAFES LTD (REGISTERED NUMBER: 13535041)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 313 434 747
Additions - 788 788
At 31 December 2023 313 1,222 1,535
DEPRECIATION
At 1 January 2023 63 108 171
Charge for year 50 279 329
At 31 December 2023 113 387 500
NET BOOK VALUE
At 31 December 2023 200 835 1,035
At 31 December 2022 250 326 576

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 19,746 2,786
Taxation and social security 19,173 15,527
Other creditors 19,361 32,306
58,280 50,619

6. ULTIMATE CONTROLLING PARTY

This company is under the control of the directors.