11 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 10,800 10,800 xbrli:pure xbrli:shares iso4217:GBP 08035986 2023-04-01 2024-03-31 08035986 2024-03-31 08035986 2023-03-31 08035986 2022-04-01 2023-03-31 08035986 2023-03-31 08035986 2022-03-31 08035986 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08035986 core:PlantMachinery 2023-04-01 2024-03-31 08035986 core:FurnitureFittings 2023-04-01 2024-03-31 08035986 core:MotorVehicles 2023-04-01 2024-03-31 08035986 core:NetGoodwill 2023-04-01 2024-03-31 08035986 bus:Director1 2023-04-01 2024-03-31 08035986 core:NetGoodwill 2024-03-31 08035986 core:LandBuildings 2023-03-31 08035986 core:PlantMachinery 2023-03-31 08035986 core:FurnitureFittings 2023-03-31 08035986 core:MotorVehicles 2023-03-31 08035986 core:LandBuildings 2024-03-31 08035986 core:PlantMachinery 2024-03-31 08035986 core:FurnitureFittings 2024-03-31 08035986 core:MotorVehicles 2024-03-31 08035986 core:WithinOneYear 2024-03-31 08035986 core:WithinOneYear 2023-03-31 08035986 core:AfterOneYear 2024-03-31 08035986 core:AfterOneYear 2023-03-31 08035986 core:ShareCapital 2024-03-31 08035986 core:ShareCapital 2023-03-31 08035986 core:RetainedEarningsAccumulatedLosses 2024-03-31 08035986 core:RetainedEarningsAccumulatedLosses 2023-03-31 08035986 core:PlantMachinery 2023-03-31 08035986 core:FurnitureFittings 2023-03-31 08035986 core:MotorVehicles 2023-03-31 08035986 bus:Director1 2023-03-31 08035986 bus:Director1 2024-03-31 08035986 bus:Director1 2022-03-31 08035986 bus:Director1 2023-03-31 08035986 bus:Director1 2022-04-01 2023-03-31 08035986 bus:SmallEntities 2023-04-01 2024-03-31 08035986 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08035986 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08035986 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08035986 bus:FullAccounts 2023-04-01 2024-03-31 08035986 core:ComputerEquipment 2023-04-01 2024-03-31 08035986 core:ComputerEquipment 2024-03-31 08035986 core:ComputerEquipment 2023-03-31
COMPANY REGISTRATION NUMBER: 08035986
Nest Home And Cafe Limited
Filleted Unaudited Financial Statements
31 March 2024
Nest Home And Cafe Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
6
1,866
3,925
Current assets
Stocks
11,934
15,042
Debtors
7
397
Cash at bank and in hand
23,243
35,143
--------
--------
35,177
50,582
Creditors: amounts falling due within one year
8
( 27,932)
( 28,629)
--------
--------
Net current assets
7,245
21,953
-------
--------
Total assets less current liabilities
9,111
25,878
Creditors: amounts falling due after more than one year
9
( 13,066)
( 23,274)
Provisions
Taxation including deferred tax
( 475)
153
--------
--------
Net (liabilities)/assets
( 4,430)
2,757
--------
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
( 4,431)
2,756
-------
-------
Shareholders (deficit)/funds
( 4,430)
2,757
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Nest Home And Cafe Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 8 October 2024 , and are signed on behalf of the board by:
Mrs D Holden
Director
Company registration number: 08035986
Nest Home And Cafe Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hurst House, High Street, Ripley, Surrey, United Kingdom, GU23 6AY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
At the year end the company had negative profit and loss reserves of £3,742. The director has considered the basis of preparation of the financial statements and has concluded that it is appropriate to prepare these on the going concern basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
Remaining useful life
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Property Improvements
-
10% straight line
Plant & Machinery
-
20% reducing balance
Fixtures & fittings
-
20% reducing balance
Motor Vehicles
-
20% reducing balance
Equipment
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 11 (2023: 11 ).
5. Intangible assets
Goodwill
£
Cost
At 1 April 2023 and 31 March 2024
10,800
--------
Amortisation
At 1 April 2023 and 31 March 2024
10,800
--------
Carrying amount
At 31 March 2024
--------
At 31 March 2023
--------
6. Tangible assets
Land and buildings
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
£
Cost
At 1 Apr 2023 and 31 Mar 2024
35,018
13,676
8,832
8,240
6,958
72,724
--------
--------
-------
-------
-------
--------
Depreciation
At 1 Apr 2023
35,018
10,746
8,440
8,045
6,550
68,799
Charge for the year
1,632
130
195
102
2,059
--------
--------
-------
-------
-------
--------
At 31 Mar 2024
35,018
12,378
8,570
8,240
6,652
70,858
--------
--------
-------
-------
-------
--------
Carrying amount
At 31 Mar 2024
1,298
262
306
1,866
--------
--------
-------
-------
-------
--------
At 31 Mar 2023
2,930
392
195
408
3,925
--------
--------
-------
-------
-------
--------
7. Debtors
2024
2023
£
£
Other debtors
397
----
----
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,183
9,932
Trade creditors
2,220
4,607
Corporation tax
1,444
Social security and other taxes
3,879
4,884
Other creditors
11,650
7,762
--------
--------
27,932
28,629
--------
--------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
13,066
23,274
--------
--------
10. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mrs D Holden
397
( 4,158)
( 3,761)
----
-------
-------
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mrs D Holden
( 14,332)
14,729
397
--------
--------
----