IRIS Accounts Production v24.3.2.46 04777891 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh047778912023-08-31047778912024-08-31047778912023-09-012024-08-31047778912022-08-31047778912022-09-012023-08-31047778912023-08-3104777891ns15:EnglandWales2023-09-012024-08-3104777891ns14:PoundSterling2023-09-012024-08-3104777891ns10:Director12023-09-012024-08-3104777891ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3104777891ns10:SmallEntities2023-09-012024-08-3104777891ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3104777891ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3104777891ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3104777891ns10:FullAccounts2023-09-012024-08-3104777891ns10:Director22023-09-012024-08-3104777891ns10:Director32023-09-012024-08-3104777891ns10:Director42023-09-012024-08-3104777891ns10:RegisteredOffice2023-09-012024-08-3104777891ns5:CurrentFinancialInstruments2024-08-3104777891ns5:CurrentFinancialInstruments2023-08-3104777891ns5:Non-currentFinancialInstruments2024-08-3104777891ns5:Non-currentFinancialInstruments2023-08-3104777891ns5:ShareCapital2024-08-3104777891ns5:ShareCapital2023-08-3104777891ns5:SharePremium2024-08-3104777891ns5:SharePremium2023-08-3104777891ns5:CapitalRedemptionReserve2024-08-3104777891ns5:CapitalRedemptionReserve2023-08-3104777891ns5:RetainedEarningsAccumulatedLosses2024-08-3104777891ns5:RetainedEarningsAccumulatedLosses2023-08-3104777891ns5:LandBuildingsns5:ShortLeaseholdAssets2023-09-012024-08-3104777891ns5:PlantMachinery2023-09-012024-08-3104777891ns5:FurnitureFittings2023-09-012024-08-3104777891ns5:ComputerEquipment2023-09-012024-08-3104777891ns5:LandBuildings2023-08-3104777891ns5:PlantMachinery2023-08-3104777891ns5:LandBuildings2023-09-012024-08-3104777891ns5:LandBuildings2024-08-3104777891ns5:PlantMachinery2024-08-3104777891ns5:LandBuildings2023-08-3104777891ns5:PlantMachinery2023-08-3104777891ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3104777891ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3104777891ns10:Director222023-08-3104777891ns10:Director222022-08-3104777891ns10:Director222023-09-012024-08-3104777891ns10:Director222022-09-012023-08-3104777891ns10:Director222024-08-3104777891ns10:Director222023-08-31
REGISTERED NUMBER: 04777891 (England and Wales)















THYME CAFE LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024






THYME CAFE LIMITED (REGISTERED NUMBER: 04777891)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THYME CAFE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: K D Alder
A Corso
M A Heap
A Corso





REGISTERED OFFICE: 490-492 Glossop Road
Sheffield
S10 2QA





REGISTERED NUMBER: 04777891 (England and Wales)





ACCOUNTANTS: Sephton & Company LLP
Chartered Certified Accountants
Marston House
5 Elmdon Lane
Marston Green
Solihull
West Midlands
B37 7DL

THYME CAFE LIMITED (REGISTERED NUMBER: 04777891)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,793 60,950

CURRENT ASSETS
Stocks 4,189 6,341
Debtors 5 56,718 56,832
Cash at bank and in hand 10,146 48,022
71,053 111,195
CREDITORS
Amounts falling due within one year 6 78,160 105,463
NET CURRENT (LIABILITIES)/ASSETS (7,107 ) 5,732
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,686

66,682

CREDITORS
Amounts falling due after more than one
year

7

(8,439

)

(20,622

)

PROVISIONS FOR LIABILITIES (7,105 ) (7,711 )
NET ASSETS 30,142 38,349

CAPITAL AND RESERVES
Called up share capital 1,900 1,900
Share premium 17,900 17,900
Capital redemption reserve 100 100
Retained earnings 10,242 18,449
30,142 38,349

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

THYME CAFE LIMITED (REGISTERED NUMBER: 04777891)

BALANCE SHEET - continued
31 AUGUST 2024


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:





K D Alder - Director


THYME CAFE LIMITED (REGISTERED NUMBER: 04777891)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Thyme Cafe 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - straight line over the life of the lease
Catering and office - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

THYME CAFE LIMITED (REGISTERED NUMBER: 04777891)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 134,022 259,959 393,981
Additions - 1,683 1,683
At 31 August 2024 134,022 261,642 395,664
DEPRECIATION
At 1 September 2023 117,891 215,140 333,031
Charge for year 2,059 7,781 9,840
At 31 August 2024 119,950 222,921 342,871
NET BOOK VALUE
At 31 August 2024 14,072 38,721 52,793
At 31 August 2023 16,131 44,819 60,950

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 25
Other debtors 56,718 56,807
56,718 56,832

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,252 10,626
Trade creditors 17,120 15,710
Taxation and social security 43,179 73,221
Other creditors 6,609 5,906
78,160 105,463

THYME CAFE LIMITED (REGISTERED NUMBER: 04777891)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 8,439 20,622

8. OTHER FINANCIAL COMMITMENTS

The company had future financial commitments in the way of a operating lease totalling £70,000 (2023 £105,000) at the year end.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
A Corso
Balance outstanding at start of year - 676
Amounts repaid - (676 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -