IRIS Accounts Production v24.3.2.46 05057598 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh050575982023-04-30050575982024-04-30050575982023-05-012024-04-30050575982022-04-30050575982022-05-012023-04-30050575982023-04-3005057598ns15:EnglandWales2023-05-012024-04-3005057598ns14:PoundSterling2023-05-012024-04-3005057598ns10:Director12023-05-012024-04-3005057598ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3005057598ns10:SmallEntities2023-05-012024-04-3005057598ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3005057598ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3005057598ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3005057598ns10:AbridgedAccounts2023-05-012024-04-300505759812023-05-012024-04-3005057598ns10:OrdinaryShareClass12023-05-012024-04-3005057598ns10:Director22023-05-012024-04-3005057598ns10:RegisteredOffice2023-05-012024-04-3005057598ns5:CurrentFinancialInstruments2024-04-3005057598ns5:CurrentFinancialInstruments2023-04-3005057598ns5:Non-currentFinancialInstruments2024-04-3005057598ns5:Non-currentFinancialInstruments2023-04-3005057598ns5:ShareCapital2024-04-3005057598ns5:ShareCapital2023-04-3005057598ns5:RetainedEarningsAccumulatedLosses2024-04-3005057598ns5:RetainedEarningsAccumulatedLosses2023-04-3005057598ns5:NetGoodwill2023-05-012024-04-3005057598ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3005057598ns5:LeaseholdImprovements2023-05-012024-04-3005057598ns5:PlantMachinery2023-05-012024-04-3005057598ns5:MotorVehicles2023-05-012024-04-3005057598ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-04-3005057598ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-04-3005057598ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-04-3005057598ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-04-3005057598ns5:HirePurchaseContracts2024-04-3005057598ns5:HirePurchaseContracts2023-04-3005057598ns10:OrdinaryShareClass12024-04-30
REGISTERED NUMBER: 05057598 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Cafe Ascari Limited

Cafe Ascari Limited (Registered number: 05057598)

Contents of the Financial Statements
for the year ended 30 April 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Cafe Ascari Limited

Company Information
for the year ended 30 April 2024







Directors: N R Vaughan
Mrs R J Vaughan





Registered office: 13 West Street
Hereford
HR4 0BX





Registered number: 05057598 (England and Wales)





Accountants: Acre Accountancy Limited
Unit 2 Foley Works
Foley Industrial Estate
Hereford
Herefordshire
HR1 2SF

Cafe Ascari Limited (Registered number: 05057598)

Abridged Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 494,041 499,767
494,041 499,767

CURRENT ASSETS
Stocks 8,340 7,465
Debtors 39 330
Cash at bank and in hand 13,802 76
22,181 7,871
CREDITORS
Amounts falling due within one year (183,445 ) (175,828 )
NET CURRENT LIABILITIES (161,264 ) (167,957 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

332,777

331,810

CREDITORS
Amounts falling due after more than one
year

(38,826

)

(97,078

)

PROVISIONS FOR LIABILITIES (5,558 ) (6,224 )
NET ASSETS 288,393 228,508

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 288,293 228,408
SHAREHOLDERS' FUNDS 288,393 228,508

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Cafe Ascari Limited (Registered number: 05057598)

Abridged Balance Sheet - continued
30 April 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 December 2024 and were signed on its behalf by:





N R Vaughan - Director


Cafe Ascari Limited (Registered number: 05057598)

Notes to the Financial Statements
for the year ended 30 April 2024


1. STATUTORY INFORMATION

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

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the net invoiced services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 15% on cost
Motor vehicles - 20% on reducing balance

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
Financial instruments are classified and accounted for according to the substance of the contractual arrangement. They are classified as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Cafe Ascari Limited (Registered number: 05057598)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

5. INTANGIBLE FIXED ASSETS
Totals
£   
Cost
At 1 May 2023
and 30 April 2024 200,250
Amortisation
At 1 May 2023
and 30 April 2024 200,250
Net book value

At 30 April 2024 -
At 30 April 2023 -

Cafe Ascari Limited (Registered number: 05057598)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


6. TANGIBLE FIXED ASSETS
Totals
£   
Cost
At 1 May 2023 541,994
Additions 1,377
At 30 April 2024 543,371
Depreciation
At 1 May 2023 42,227
Charge for year 7,103
At 30 April 2024 49,330
Net book value
At 30 April 2024 494,041
At 30 April 2023 499,767

7. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 4,105 3,798
Between one and five years 7,524 11,629
11,629 15,427

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100