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Company Registration No. 08657847 (England and Wales)
Wings Cafe Limited Unaudited accounts for the year ended 29 February 2024
Wings Cafe Limited Unaudited accounts Contents
Page
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Wings Cafe Limited Company Information for the year ended 29 February 2024
Directors
Deborah Smith Russell Smith
Company Number
08657847 (England and Wales)
Registered Office
Tednambury Farm Tednambury Spellbrook Bishop's Stortford Hertfordshire CM23 4BD England
Accountants
Coles Accounting (Cambridge) Limited Newton Hall Town Street, Newton Cambridge Cambridgeshire CB22 7ZE
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Wings Cafe Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,511 
20,681 
Current assets
Inventories
10,000 
10,072 
Debtors
8,970 
9,053 
Cash at bank and in hand
2,471 
(583)
21,441 
18,542 
Creditors: amounts falling due within one year
(15,119)
(12,217)
Net current assets
6,322 
6,325 
Total assets less current liabilities
21,833 
27,006 
Creditors: amounts falling due after more than one year
(17,714)
(19,980)
Provisions for liabilities
Deferred tax
(2,836)
(3,504)
Net assets
1,283 
3,522 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
283 
2,522 
Shareholders' funds
1,283 
3,522 
For the year ending 29 February 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by
Deborah Smith Director Company Registration No. 08657847
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Wings Cafe Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Wings Cafe Limited is a private company, limited by shares, registered in England and Wales, registration number 08657847. The registered office is Tednambury Farm, Tednambury, Spellbrook, Bishop's Stortford, Hertfordshire, CM23 4BD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Wings Cafe Limited Notes to the Accounts for the year ended 29 February 2024
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. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 March 2023
53,947 
At 29 February 2024
53,947 
Depreciation
At 1 March 2023
33,266 
Charge for the year
5,170 
At 29 February 2024
38,436 
Net book value
At 29 February 2024
15,511 
At 28 February 2023
20,681 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,523 
1,523 
Accrued income and prepayments
234 
234 
Other debtors
7,213 
7,296 
8,970 
9,053 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,000 
5,000 
VAT
2,871 
5,611 
Trade creditors
2,647 
145 
Taxes and social security
3,601 
461 
Accruals
1,000 
1,000 
15,119 
12,217 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
17,714 
19,980 
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Wings Cafe Limited Notes to the Accounts for the year ended 29 February 2024
8
Average number of employees
During the year the average number of employees was 3 (2023: 6).
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