Friends Cafe Strood Ltd Filleted Accounts Cover
Friends Cafe Strood Ltd
Company No. 12394515
Information for Filing with The Registrar
31 January 2024
Friends Cafe Strood Ltd Directors Report Registrar
The Director presents his report and the accounts for the year ended 31 January 2024.
Principal activities
The principal activity of the company during the year under review was Unlicensed restaurants and cafes.
Director
The Director who served at any time during the year was as follows:
E. KUCI
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
E. KUCI
Director
17 October 2024
Friends Cafe Strood Ltd Balance Sheet Registrar
at
31 January 2024
Company No.
12394515
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
9,12016,340
9,12016,340
Current assets
Stocks
5
4,2003,800
Debtors
6
11,7006,000
Cash at bank and in hand
8862,306
16,78612,106
Creditors: Amount falling due within one year
7
(4,175)
-
Net current assets
12,61112,106
Total assets less current liabilities
21,73128,446
Creditors: Amounts falling due after more than one year
8
(21,000)
(30,000)
Net assets/(liabilities)
731
(1,554)
Capital and reserves
Called up share capital
1010
Profit and loss account
10
721
(1,564)
Total equity
731
(1,554)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 January 2024 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 17 October 2024 and signed on its behalf by:
E. KUCI
Director
17 October 2024
Friends Cafe Strood Ltd Notes to the Accounts Registrar
for the year ended 31 January 2024
1
General information
Friends Cafe Strood Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 12394515
Its registered office is:
92 High Street
Strood
Rochester
Kent
ME2 4TP
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Furniture, fittings and equipment
20% Straight line
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other 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.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
66
4
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
At 1 February 2023
38,00038,000
At 31 January 2024
38,00038,000
Depreciation
At 1 February 2023
21,66021,660
Charge for the year
7,2207,220
At 31 January 2024
28,88028,880
Net book values
At 31 January 2024
9,1209,120
At 31 January 2023
16,340
16,340
5
Stocks
2024
2023
£
£
Raw materials and consumables
4,2003,800
4,2003,800
6
Debtors
2024
2023
£
£
Loans to directors
11,7006,000
11,7006,000
7
Creditors:
amounts falling due within one year
2024
2023
£
£
Taxes and social security
4,175
-
4,175-
8
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
21,00030,000
21,00030,000
9
Share Capital
ordinary shares
10
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
11
Dividends
2024
2023
£
£
Dividends for the period:
Dividends paid in the period
6,000
-
6,000
-
Dividends by type:
Equity dividends
6,000-
6,000
-
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