1 March 2023 v2024.63.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP079483612023-03-012024-02-29079483612024-02-29079483612023-02-2807948361core:WithinOneYear2024-02-2907948361core:WithinOneYear2023-02-2807948361core:ShareCapital2024-02-2907948361core:ShareCapital2023-02-2807948361core:RetainedEarningsAccumulatedLosses2024-02-2907948361core:RetainedEarningsAccumulatedLosses2023-02-2807948361bus:Director12023-03-012024-02-2907948361bus:RegisteredOffice2023-03-012024-02-2907948361core:PlantMachinery2023-03-012024-02-2907948361core:FurnitureFittings2023-03-012024-02-29079483612022-03-012023-02-2807948361core:PlantMachinery2024-02-2907948361core:PlantMachinery2023-03-0107948361core:PlantMachinery2023-02-280794836112023-03-012024-02-2907948361countries:EnglandWales2023-03-012024-02-2907948361bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2907948361bus:PrivateLimitedCompanyLtd2023-03-012024-02-2907948361bus:SmallEntities2023-03-012024-02-2907948361bus:FullAccounts2023-03-012024-02-29
Company registration number:
07948361
Cafe North Ltd
Unaudited Filleted Financial Statements for the year ended
29 February 2024
Cafe North Ltd
Statement of Financial Position
29 February 2024
20242023
Note££
Fixed assets    
Tangible assets 5
8,838
 
11,783
 
Current assets    
Stocks
2,000
 
3,500
 
Debtors 6
405,838
 
307,231
 
Cash at bank and in hand
172,070
 
193,908
 
579,908
 
504,639
 
Creditors: amounts falling due within one year 7
(103,071
)
(113,694
)
Net current assets
476,837
 
390,945
 
Total assets less current liabilities 485,675   402,728  
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
485,575
 
402,628
 
Shareholders funds
485,675
 
402,728
 
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.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
27 November 2024
, and are signed on behalf of the board by:
D Brennan
Director
Company registration number:
07948361
Cafe North Ltd
Notes to the Financial Statements
Year ended
29 February 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
66 Shudehill
,
Manchester
,
M4 4AA
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
25% Reducing Balance
Fixtures and fittings
25% Reducing Balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

4 Average number of employees

The average number of persons employed by the company during the year was
21
(2023:
18.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 March 2023
and
29 February 2024
26,523
 
Depreciation  
At
1 March 2023
14,740
 
Charge
2,945
 
At
29 February 2024
17,685
 
Carrying amount  
At
29 February 2024
8,838
 
At 28 February 2023
11,783
 

6 Debtors

20242023
££
Other debtors
405,838
 
307,231
 

7 Creditors: amounts falling due within one year

20242023
££
Trade creditors
1,679
 
10,413
 
Taxation and social security
97,099
 
99,012
 
Other creditors
4,293
 
4,269
 
103,071
 
113,694
 

8 Directors' advances, credit and guarantees

During the year, the company made an interest free loan to Mr D Brennan. The amount outstanding at 28th Feb 2024 is £49,410 (2023, £50,000)
During the year, the company made an interest free loan to Ms H Kernycznyj. The amount outstanding at 28th Feb 2024 is £50,000 (2023, £50,000)