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REGISTERED NUMBER: SC685184 (Scotland)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

UDNY COMMUNITY CAFE COMPANY LIMITED
T/A
CAFE48

UDNY COMMUNITY CAFE COMPANY LIMITED (REGISTERED NUMBER: SC685184)
T/A CAFE48

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


UDNY COMMUNITY CAFE COMPANY LIMITED
T/A CAFE48

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: B McDougall
J Slater





REGISTERED OFFICE: 252 Union Street
ABERDEEN
AB10 1TN





REGISTERED NUMBER: SC685184 (Scotland)





AUDITORS: Bain Henry Reid
Statutory Auditors
Chartered Accountants
4 West Craibstone Street
Bon-Accord Square
ABERDEEN
AB11 6YL

UDNY COMMUNITY CAFE COMPANY LIMITED (REGISTERED NUMBER: SC685184)
T/A CAFE48

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 950 1,160

CURRENT ASSETS
Stocks 1,356 1,100
Debtors 5 3,945 2,267
Cash at bank and in hand 28,035 15,447
33,336 18,814
CREDITORS
Amounts falling due within one year 6 9,771 9,272
NET CURRENT ASSETS 23,565 9,542
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,515

10,702

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 24,514 10,701
SHAREHOLDERS' FUNDS 24,515 10,702

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:





J Slater - Director


UDNY COMMUNITY CAFE COMPANY LIMITED (REGISTERED NUMBER: SC685184)
T/A CAFE48

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Udny Community Cafe Company Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance and Over 3 years

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

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 11 (2023 - 9 ) .

UDNY COMMUNITY CAFE COMPANY LIMITED (REGISTERED NUMBER: SC685184)
T/A CAFE48

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 1,641
Additions 90
At 29 February 2024 1,731
DEPRECIATION
At 1 March 2023 481
Charge for year 300
At 29 February 2024 781
NET BOOK VALUE
At 29 February 2024 950
At 28 February 2023 1,160

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 470 1,793
Amounts owed by group undertakings 3,475 -
Other debtors - 474
3,945 2,267

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,024 2,301
Taxation and social security 5,202 3,605
Other creditors 2,545 3,366
9,771 9,272

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Karen E Gardiner BA CA CTA (Senior Statutory Auditor)
for and on behalf of Bain Henry Reid

8. ULTIMATE PARENT COMPANY

Udny Community Trust Company Limited (incorporated in Scotland) is regarded by the directors as being the company's ultimate parent company. The parent company's registered office address is 252 Union Street, Aberdeen, AB10 1TN and it's principal place of business is 14 Oldmeldrum Road, Pitmedden, Ellon, Aberdeenshire, AB41 7AG.