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Company registration number: 11919582







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 APRIL 2024


THE FERRY COFFEE SHOP LIMITED






































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THE FERRY COFFEE SHOP LIMITED
 


 
COMPANY INFORMATION


Directors
Carol Murdoch 
Charlotte Murdoch 
Christopher Murdoch 
Aidan Hope 




Company secretary
Charlotte Murdoch



Registered number
11919582



Registered office
The Ferry Point
Ferry Lane

Shepperton

United Kingdom

TW17 9LQ




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


THE FERRY COFFEE SHOP LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 6


 


THE FERRY COFFEE SHOP LIMITED
REGISTERED NUMBER:11919582



STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
32,687
29,878

  
32,687
29,878

Current assets
  

Stocks
  
7,811
13,033

Debtors: amounts falling due within one year
 5 
44,144
109,192

Cash at bank and in hand
  
47,734
47,176

  
99,689
169,401

Creditors: amounts falling due within one year
 6 
(125,268)
(184,776)

Net current liabilities
  
 
 
(25,579)
 
 
(15,375)

Total assets less current liabilities
  
7,108
14,503

Creditors: amounts falling due after more than one year
 7 
(4,927)
(9,928)

  

Net assets
  
2,181
4,575


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
2,180
4,574

  
2,181
4,575


Page 1

 


THE FERRY COFFEE SHOP LIMITED
REGISTERED NUMBER:11919582


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question 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 financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Christopher Murdoch
Director
Date: 8 November 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


THE FERRY COFFEE SHOP LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

The Ferry Coffee Shop Limited is a private company limited by shares incorporated in England and Wales. The address of the principal place of business is the same as the registered office address shown on the company information page.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is generated via the sale of food, beverages and other related consumables and is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.4

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Page 3

 


THE FERRY COFFEE SHOP LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
straight line
Computer equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is 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.

 
2.8

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 30 (2023 - 31).

Page 4

 


THE FERRY COFFEE SHOP LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 May 2023
39,128
416
39,544


Additions
15,086
456
15,542



At 30 April 2024

54,214
872
55,086



Depreciation


At 1 May 2023
9,506
160
9,666


Charge for the year on owned assets
12,583
150
12,733



At 30 April 2024

22,089
310
22,399



Net book value



At 30 April 2024
32,125
562
32,687



At 30 April 2023
29,622
256
29,878


5.


Debtors

2024
2023
£
£


Trade debtors
44,063
108,907

Other debtors
81
285

44,144
109,192



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
19,564
78,667

Other taxation and social security
44,769
41,447

Other creditors
48,885
55,412

Accruals and deferred income
12,050
9,250

125,268
184,776


Page 5

 


THE FERRY COFFEE SHOP LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Accruals and deferred income
4,927
9,928

4,927
9,928



8.


Commitments under operating leases

At 30 April 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
38,550
32,190

38,550
32,190

2024
2023
£
£
Balance outstanding at the start of the year

284

-
 
Amounts advanced

418

421
 
Amounts repaid

(702)

(137)
 
Amounts outstanding at the end of the year
-

284
 

No interest was charged on the loan which was repayable on demand.

 
Page 6