Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-31directorsThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-06-01falseNo description of principal activity89truetruefalse 12010501 2023-06-01 2024-05-31 12010501 2022-06-01 2023-05-31 12010501 2024-05-31 12010501 2023-05-31 12010501 c:Director1 2023-06-01 2024-05-31 12010501 c:Director2 2023-06-01 2024-05-31 12010501 c:RegisteredOffice 2023-06-01 2024-05-31 12010501 d:Buildings d:LongLeaseholdAssets 2023-06-01 2024-05-31 12010501 d:Buildings d:LongLeaseholdAssets 2024-05-31 12010501 d:Buildings d:LongLeaseholdAssets 2023-05-31 12010501 d:PlantMachinery 2023-06-01 2024-05-31 12010501 d:PlantMachinery 2024-05-31 12010501 d:PlantMachinery 2023-05-31 12010501 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 12010501 d:FurnitureFittings 2023-06-01 2024-05-31 12010501 d:FurnitureFittings 2024-05-31 12010501 d:FurnitureFittings 2023-05-31 12010501 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 12010501 d:ComputerEquipment 2023-06-01 2024-05-31 12010501 d:ComputerEquipment 2024-05-31 12010501 d:ComputerEquipment 2023-05-31 12010501 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 12010501 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 12010501 d:Goodwill 2024-05-31 12010501 d:Goodwill 2023-05-31 12010501 d:CurrentFinancialInstruments 2024-05-31 12010501 d:CurrentFinancialInstruments 2023-05-31 12010501 d:Non-currentFinancialInstruments 2024-05-31 12010501 d:Non-currentFinancialInstruments 2023-05-31 12010501 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 12010501 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 12010501 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 12010501 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 12010501 d:ShareCapital 2024-05-31 12010501 d:ShareCapital 2023-05-31 12010501 d:RetainedEarningsAccumulatedLosses 2024-05-31 12010501 d:RetainedEarningsAccumulatedLosses 2023-05-31 12010501 c:OrdinaryShareClass1 2023-06-01 2024-05-31 12010501 c:OrdinaryShareClass1 2024-05-31 12010501 c:FRS102 2023-06-01 2024-05-31 12010501 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 12010501 c:FullAccounts 2023-06-01 2024-05-31 12010501 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12010501 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-06-01 2024-05-31 12010501 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-05-31 12010501 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-05-31 12010501 d:Goodwill d:OwnedIntangibleAssets 2023-06-01 2024-05-31 12010501 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 12010501









DON TXOKO LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
DON TXOKO LTD
 
 
COMPANY INFORMATION


Directors
D B L Hardy 
S M Hardy 




Registered number
12010501



Registered office
7 The Close

Norwich

NR1 4DJ




Accountants
MA Partners LLP
Chartered Accountants

7 The Close

Norwich

Norfolk

NR1 4DJ





 
DON TXOKO LTD
 

CONTENTS



Page
Balance Sheet
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 8


 
DON TXOKO LTD
REGISTERED NUMBER: 12010501

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
425
5,525

Tangible assets
 5 
9,170
20,550

  
9,595
26,075

Current assets
  

Stocks
  
3,000
3,000

Debtors: amounts falling due within one year
 6 
8,375
2,831

Cash at bank and in hand
  
4,854
11,454

  
16,229
17,285

Creditors: amounts falling due within one year
 7 
(67,155)
(68,013)

Net current liabilities
  
 
 
(50,926)
 
 
(50,728)

Total assets less current liabilities
  
(41,331)
(24,653)

Creditors: amounts falling due after more than one year
 8 
(128,668)
(133,670)

  

Net liabilities
  
(169,999)
(158,323)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(170,099)
(158,423)

  
(169,999)
(158,323)


Page 1

 
DON TXOKO LTD
REGISTERED NUMBER: 12010501
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 February 2025.






S M Hardy
Director

Page 2

 
DON TXOKO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

The Company is a United Kingdom company limited by shares. It is both incorporated and domiciled in England and Wales. The address of the registered office is 7 The Close, Norwich, NR1 4DJ.
The Company's principal activity is that of running a licenced restaurant and the Company's principal place of business is Norwich.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have considered a period of twelve months from the date of approval of the financial statements. They consider that projected income together with current cash reserves and future sources of funding and support will be sufficient for the Company's needs. 

 
2.3

Revenue

Turnover comprises revenue recognised by the Company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.
Revenue from restaurant and bar sales is recognised at point of sale.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
DON TXOKO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Intangible assets

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Profit and Loss Account over its useful economic life.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using both the straight-line method and reducing balance basis..

Depreciation is provided on the following basis:

Leasehold property
-
5 years straight line
Plant and machinery
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance
Computer equipment
-
3 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
DON TXOKO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 9)

Page 5

 
DON TXOKO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 June 2023
25,500



At 31 May 2024

25,500



Amortisation


At 1 June 2023
19,975


Charge for the year on owned assets
5,100



At 31 May 2024

25,075



Net book value



At 31 May 2024
425



At 31 May 2023
5,525



Page 6

 
DON TXOKO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Tangible fixed assets





Leasehold property improvements
Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 June 2023
48,264
25,035
4,455
3,621
81,375


Additions
-
1,679
-
37
1,716



At 31 May 2024

48,264
26,714
4,455
3,658
83,091



Depreciation


At 1 June 2023
38,611
15,357
3,619
3,238
60,825


Charge for the year on owned assets
9,653
2,839
209
395
13,096



At 31 May 2024

48,264
18,196
3,828
3,633
73,921



Net book value



At 31 May 2024
-
8,518
627
25
9,170



At 31 May 2023
9,653
9,678
835
383
20,549


6.


Debtors

2024
2023
£
£


Trade debtors
1,888
777

Other debtors
5,867
1,398

Prepayments and accrued income
620
656

8,375
2,831


Page 7

 
DON TXOKO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
9,001
9,001

Tronc payments
-
1,020

Trade creditors
11,196
13,930

Other taxation and social security
26,545
25,922

Other creditors
17,893
15,659

Accruals and deferred income
2,520
2,481

67,155
68,013



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
15,751
24,753

Other creditors
112,917
108,917

128,668
133,670



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1.00 each
100
100



10.


Pension commitments

Contributions totalling £466 (2023: £399) were payable to the fund at the balance sheet date and are included in creditors.


11.


Related party transactions

As at 31 May 2024 the Company owed the directors £124,917 (2023: £120,917).

 
Page 8