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COMPANY REGISTRATION NUMBER: 14780452
AIRPORT CAFE LTD
Unaudited Financial Statements
30 April 2024
AIRPORT CAFE LTD
Financial Statements
Period from 4 April 2023 to 30 April 2024
Contents
Page
Directors' report
1
Statement of comprehensive income
2
Statement of financial position
3
Statement of changes in equity
4
Notes to the financial statements
5
The following pages do not form part of the financial statements
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements
9
AIRPORT CAFE LTD
Directors' Report
Period from 4 April 2023 to 30 April 2024
The directors present their report and the unaudited financial statements of the company for the period ended 30 April 2024 .
Principal activities
The principal activity of the company during the year was running a restaurant.
Directors
The directors who served the company during the period were as follows:
Mr G BHALLA
(Appointed 4 April 2023)
Mr A CAVALEIRO
(Appointed 4 April 2023)
Ms E SOARES
(Appointed 4 April 2023)
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 3 January 2025 and signed on behalf of the board by:
Mr G BHALLA
Director
Registered office:
778 BATH ROAD
HOUNSLOW
TW5 9TY
AIRPORT CAFE LTD
Statement of Comprehensive Income
Period from 4 April 2023 to 30 April 2024
Period from
4 Apr 23 to
30 Apr 24
Note
£
Turnover
229,496
Cost of sales
113,916
---------
Gross profit
115,580
Distribution costs
1,363
Administrative expenses
124,372
---------
Operating loss
( 10,155)
Interest payable and similar expenses
2,261
---------
Loss before taxation
5
( 12,416)
Tax on loss
--------
Loss for the financial period and total comprehensive income
( 12,416)
--------
All the activities of the company are from continuing operations.
The company has no other recognised items of income and expenses other than the results for the period as set out above.
AIRPORT CAFE LTD
Statement of Financial Position
30 April 2024
30 Apr 24
Note
£
Fixed assets
Tangible assets
6
26,628
Current assets
Stocks
4,170
Debtors
7
26,000
Cash at bank and in hand
26,442
--------
56,612
Creditors: amounts falling due within one year
8
95,652
--------
Net current liabilities
39,040
--------
Total assets less current liabilities
( 12,412)
--------
Net liabilities
( 12,412)
--------
Capital and reserves
Called up share capital
4
Profit and loss account
( 12,416)
--------
Shareholders deficit
( 12,412)
--------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the period ending 30 April 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 period 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 were approved by the board of directors and authorised for issue on 3 January 2025 , and are signed on behalf of the board by:
Mr G BHALLA
Director
Company registration number: 14780452
AIRPORT CAFE LTD
Statement of Changes in Equity
Period from 4 April 2023 to 30 April 2024
Called up share capital
Profit and loss account
Total
£
£
£
At 4 April 2023
Loss for the period
( 12,416)
( 12,416)
----
--------
--------
Total comprehensive income for the period
( 12,416)
( 12,416)
Issue of shares
4
4
----
----
----
Total investments by and distributions to owners
4
4
----
--------
--------
At 30 April 2024
4
( 12,416)
( 12,412)
----
--------
--------
AIRPORT CAFE LTD
Notes to the Financial Statements
Period from 4 April 2023 to 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 778 BATH ROAD, HOUNSLOW, TW5 9TY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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 financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the disclosure exemptions available under paragraph 1.12 of FRS 102.
Tangible assets
All assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
18% reducing balance
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 7 .
5. Profit before taxation
Profit before taxation is stated after charging:
Period from
4 Apr 23 to
30 Apr 24
£
Depreciation of tangible assets
2,196
-------
6. Tangible assets
Short leasehold property
Fixtures and fittings
Total
£
£
£
Cost
At 4 April 2023
12,199
12,199
Additions
16,625
16,625
--------
--------
--------
At 30 April 2024
16,625
12,199
28,824
--------
--------
--------
Depreciation
At 4 April 2023
Charge for the period
2,196
2,196
--------
--------
--------
At 30 April 2024
2,196
2,196
--------
--------
--------
Carrying amount
At 30 April 2024
16,625
10,003
26,628
--------
--------
--------
7. Debtors
30 Apr 24
£
Other debtors
26,000
--------
8. Creditors: amounts falling due within one year
30 Apr 24
£
Social security and other taxes
11,934
Other creditors
83,718
--------
95,652
--------
9. Directors' advances, credits and guarantees
Directors loan account relates to directors current account.
AIRPORT CAFE LTD
Management Information
Period from 4 April 2023 to 30 April 2024
The following pages do not form part of the financial statements.
AIRPORT CAFE LTD
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of AIRPORT CAFE LTD
Period from 4 April 2023 to 30 April 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the period ended 30 April 2024, which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
KAMBOJ ASSOCIATES LTD Chartered accountants
29 New broadway Uxbridge road Hillingdon UB10 0LL
3 January 2025