Company Registration No. 9088643 (England and Wales)
The Shed Cafe Ltd
Annual Statement of Income & Expenditure
for the year ended 30 June 2024
The Shed Cafe Ltd
Annual Statement of Income & Expenditure
Contents
The Shed Cafe Ltd
Company Information
for the year ended 30 June 2024
Directors
Alan Robin Fulbrook
Linda Christine Fulbrook
Company Number
9088643 (England and Wales)
Registered Office
1 Spencer Road
Wellingborough
Northamptonshire
NN8 2QB
Accountants
Paula King t/a Back2Basics Bookkeeping
11 Kilworth Road
Swinford
Leicestershire
LE17 6BQ
The Shed Cafe Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
6,394
8,858
Cash at bank and in hand
11,317
11,250
Creditors: amounts falling due within one year
(23,787)
(9,027)
Net current (liabilities)/assets
(11,920)
2,773
Total assets less current liabilities
(5,526)
11,631
Creditors: amounts falling due after more than one year
-
(11,956)
Net liabilities
(5,526)
(325)
Called up share capital
10
10
Profit and loss account
(5,536)
(335)
Shareholders' funds
(5,526)
(325)
For the year ending 30 June 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 31 October 2024 and were signed on its behalf by
Alan Robin Fulbrook
Director
Company Registration No. 9088643
The Shed Cafe Ltd
Notes to the Accounts
for the year ended 30 June 2024
The Shed Cafe Ltd is a private company, limited by shares, registered in England and Wales, registration number 9088643. The registered office is 1 Spencer Road, Wellingborough, Northamptonshire, NN8 2QB.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
50% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
33% straight line
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
4
Intangible fixed assets
Goodwill
The Shed Cafe Ltd
Notes to the Accounts
for the year ended 30 June 2024
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2023
9,845
20,170
687
30,702
At 30 June 2024
9,845
20,970
687
31,502
At 1 July 2023
6,743
14,707
394
21,844
Charge for the year
1,551
1,566
147
3,264
At 30 June 2024
8,294
16,273
541
25,108
At 30 June 2024
1,551
4,697
146
6,394
At 30 June 2023
3,102
5,463
293
8,858
Amounts falling due within one year
Accrued income and prepayments
250
250
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
5,000
Trade creditors
1,246
1,552
Taxes and social security
509
873
Loans from directors
19,807
-
8
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
10
Average number of employees
During the year the average number of employees was 6 (2023: 6).