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Registration number: 06009023

Ches' Cafe Limited

Annual Report and Unaudited Financial Statements- Companies house filing

for the Period from 1 November 2022 to 30 October 2023

 

Ches' Cafe Limited

(Registration number: 06009023)
Statement of Financial Position as at 30 October 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

12,000

16,000

Tangible assets

5

2,023

2,699

 

14,023

18,699

Current assets

 

Stocks

6

1,000

1,000

Debtors

7

54,205

55,447

Cash at bank and in hand

 

20,807

4,733

 

76,012

61,180

Creditors: Amounts falling due within one year

8

(43,316)

(26,267)

Net current assets

 

32,696

34,913

Total assets less current liabilities

 

46,719

53,612

Creditors: Amounts falling due after more than one year

8

(18,750)

(26,249)

Net assets

 

27,969

27,363

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

27,967

27,361

Shareholders' funds

 

27,969

27,363

For the financial period ending 30 October 2023 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 accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.

Approved and authorised by the director on 30 October 2024
 

 

Ches' Cafe Limited

(Registration number: 06009023)
Statement of Financial Position as at 30 October 2023

.........................................
A Castaldo
Director

 

Ches' Cafe Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 30 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY. England.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Government grants

Grants are accounted for under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in “other income” within profit or loss in the same period as the related expenditure.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Ches' Cafe Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 30 October 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% Reducing balance method

Fixtures and fittings

25% Reducing balance method

Computer equipment

25% Reducing balance method

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

5% Straight line method

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade debtors

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

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Borrowings

 

Ches' Cafe Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 30 October 2023

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 2 (2022 - 3).

 

Ches' Cafe Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 30 October 2023

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 November 2022

80,000

80,000

At 30 October 2023

80,000

80,000

Amortisation

At 1 November 2022

64,000

64,000

Amortisation charge

4,000

4,000

At 30 October 2023

68,000

68,000

Carrying amount

At 30 October 2023

12,000

12,000

At 31 October 2022

16,000

16,000

5

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 November 2022

5,413

7,331

2,012

14,756

At 30 October 2023

5,413

7,331

2,012

14,756

Depreciation

At 1 November 2022

4,975

6,412

670

12,057

Charge for the period

110

230

336

676

At 30 October 2023

5,085

6,642

1,006

12,733

Carrying amount

At 30 October 2023

328

689

1,006

2,023

At 31 October 2022

438

919

1,342

2,699

6

Stocks

2023
£

2022
£

Raw materials and consumables

1,000

1,000

 

Ches' Cafe Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 30 October 2023

7

Debtors

2023
£

2022
£

Other debtors

53,896

55,036

Prepayments

309

411

54,205

55,447

8

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Bank loans and overdrafts

9

7,500

7,500

Trade creditors

 

629

666

Taxation and social security

 

35,545

17,152

Other creditors

 

(358)

949

 

43,316

26,267

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Loans and borrowings

9

18,750

26,249

9

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

18,750

26,249

2023
£

2022
£

Current loans and borrowings

Bank borrowings

7,500

7,500

 

Ches' Cafe Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 30 October 2023

10

Related party transactions

Transactions with the director

2023

At 1 November 2022
£

Advances to director
£

Repayments by director
£

At 30 October 2023
£

A Castaldo

52,438

35,537

(43,862)

44,113

         
       

 

2022

At 1 November 2021
£

Advances to director
£

Repayments by director
£

At 31 October 2022
£

A Castaldo

17,245

47,646

(12,453)

52,438

         
       

 

The loan is unsecured and repayable on demand.