Company Registration No. 14826813 (England and Wales)
Sheldons Cafe Bar Limited
Unaudited accounts
for the period from 25 April 2023 to 30 April 2024
Sheldons Cafe Bar Limited
Unaudited accounts
Contents
Sheldons Cafe Bar Limited
Company Information
for the period from 25 April 2023 to 30 April 2024
Directors
Christopher Simon Spindley
Ceinwen Eluned Lloyd
Jennifer Ruth Elizabeth Spindley
Company Number
14826813 (England and Wales)
Registered Office
104 Min Y Don Avenue
Old Colwyn
Colwyn Bay
LL29 9SU
Wales
Accountants
Power Accountants, Business and Tax Advisors Limited
Royal House, 14 Upper Northgate Street
Chester
CH1 4EE
Sheldons Cafe Bar Limited
Statement of financial position
as at 30 April 2024
Cash at bank and in hand
327
Creditors: amounts falling due within one year
(28,912)
Net current liabilities
(23,965)
Called up share capital
60
Profit and loss account
(21,419)
Shareholders' funds
(21,359)
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. 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 24 January 2024 and were signed on its behalf by
Jennifer Ruth Elizabeth Spindley
Director
Company Registration No. 14826813
Sheldons Cafe Bar Limited
Notes to the Accounts
for the period from 25 April 2023 to 30 April 2024
Sheldons Cafe Bar Limited is a private company, limited by shares, registered in England and Wales, registration number 14826813. The registered office is 104 Min Y Don Avenue, Old Colwyn, Colwyn Bay, LL29 9SU, Wales.
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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 been consistently applied within the same accounts.
These financial statements have been prepared in accordance with the provisions of Section 1A"Small Entities “of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets..
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable services rendered, stated net of discounts and of Value Added Tax.
When the consideration receivable in cash or cash equivalents is deferred, and the arrangement constitutes in effect a financing transaction, the fair value of the consideration is measured as the present value of all future receipts determined using an imputed rate of interest, normally the rate that discounts the nominal amount of consideration to the cash sales price.
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:
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued, non-depreciable tangible.
Sheldons Cafe Bar Limited
Notes to the Accounts
for the period from 25 April 2023 to 30 April 2024
The financial statements have been prepared on a going concern basis. The Director has assessed the company's ability to continue as a going concern and is satisfied that the company has the necessary funding to meet day-to-day working capital requirements.
The company's ability to continue as a going concern is dependent on the continued support of its director/shareholder, who has provided loans and capital injections to the company.
The Director believes that the going concern assumption is appropriate for the preparation of the financial statements.
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Tangible fixed assets
Plant & machinery
Charge for the period
1,734
Amounts falling due within one year
Accrued income and prepayments
3,001
6
Creditors: amounts falling due within one year
2024
Taxes and social security
270
Loans from directors
15,684
7
Average number of employees
During the period the average number of employees was 3.