Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 07644813 D R Monachello A Monachello G Monachello iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07644813 2023-03-31 07644813 2024-03-31 07644813 2023-04-01 2024-03-31 07644813 frs-core:CurrentFinancialInstruments 2024-03-31 07644813 frs-core:Non-currentFinancialInstruments 2024-03-31 07644813 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 07644813 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 07644813 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 07644813 frs-core:PlantMachinery 2024-03-31 07644813 frs-core:PlantMachinery 2023-04-01 2024-03-31 07644813 frs-core:PlantMachinery 2023-03-31 07644813 frs-core:ShareCapital 2024-03-31 07644813 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07644813 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07644813 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 07644813 frs-bus:SmallEntities 2023-04-01 2024-03-31 07644813 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07644813 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07644813 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 07644813 frs-bus:OrdinaryShareClass1 2024-03-31 07644813 frs-core:DeferredTaxation 2023-04-01 2024-03-31 07644813 frs-core:DeferredTaxation 2023-03-31 07644813 frs-core:DeferredTaxation 2024-03-31 07644813 frs-bus:Director1 2023-04-01 2024-03-31 07644813 frs-bus:Director2 2023-04-01 2024-03-31 07644813 frs-bus:Director3 2023-04-01 2024-03-31 07644813 frs-core:CurrentFinancialInstruments 2 2024-03-31 07644813 frs-countries:EnglandWales 2023-04-01 2024-03-31 07644813 2022-03-31 07644813 2023-03-31 07644813 2022-04-01 2023-03-31 07644813 frs-core:CurrentFinancialInstruments 2023-03-31 07644813 frs-core:Non-currentFinancialInstruments 2023-03-31 07644813 frs-core:ShareCapital 2023-03-31 07644813 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 07644813 frs-bus:OrdinaryShareClass1 2022-04-01 2023-03-31 07644813 frs-core:CurrentFinancialInstruments 2 2023-03-31
Registered number: 07644813
Cafe Sol Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07644813
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 53,339 32,001
53,339 32,001
CURRENT ASSETS
Debtors 5 67,027 37,977
Cash at bank and in hand 1,149,636 914,071
1,216,663 952,048
Creditors: Amounts Falling Due Within One Year 6 (391,835 ) (382,788 )
NET CURRENT ASSETS (LIABILITIES) 824,828 569,260
TOTAL ASSETS LESS CURRENT LIABILITIES 878,167 601,261
Creditors: Amounts Falling Due After More Than One Year 7 (12,231 ) (22,436 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,225 ) (2,696 )
NET ASSETS 856,711 576,129
CAPITAL AND RESERVES
Called up share capital 9 102 102
Profit and Loss Account 856,609 576,027
SHAREHOLDERS' FUNDS 856,711 576,129
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Page 2
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.
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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved by the board of directors on 15 October 2024 and were signed on its behalf by:
G Monachello
Director
15 October 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Cafe Sol Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07644813 . The registered office is Avaland House, 110 London Road, Hemel Hempstead, Hertfordshire, HP3 9SD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The presentation currency of the financial statements is the Pound Sterling (£).
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Improvements Straight line over 20 years
Plant & Equipment 25% on cost
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 19 (2023: 18)
19 18
4. Tangible Assets
Land & Property
Leasehold Improvements Plant & Equipment Total
£ £ £
Cost
As at 1 April 2023 27,401 99,554 126,955
Additions - 28,841 28,841
Disposals - (9,704 ) (9,704 )
As at 31 March 2024 27,401 118,691 146,092
Depreciation
As at 1 April 2023 9,590 85,364 94,954
Provided during the period 1,370 6,133 7,503
Disposals - (9,704 ) (9,704 )
As at 31 March 2024 10,960 81,793 92,753
Net Book Value
As at 31 March 2024 16,441 36,898 53,339
As at 1 April 2023 17,811 14,190 32,001
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 60,301 32,164
Prepayments and accrued income 6,726 5,813
67,027 37,977
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 46,345 37,206
Bank loans and overdrafts 10,204 9,952
Corporation tax 218,591 221,860
Other taxes and social security 11,748 11,531
VAT 74,751 82,910
Other creditors 17,789 8,612
Pension liability 1,350 1,294
Accruals and deferred income 7,941 6,322
Directors' loan accounts 3,116 3,101
391,835 382,788
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 12,231 22,436
8. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 April 2023 2,696 2,696
Additions 6,529 6,529
Balance at 31 March 2024 9,225 9,225
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
102 Ordinary Shares of £ 1.00 each 102 102
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