REGISTERED NUMBER: |
ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JULY 2024 |
FOR |
COCKFOSTERS DELICATESSEN LIMITED |
REGISTERED NUMBER: |
ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JULY 2024 |
FOR |
COCKFOSTERS DELICATESSEN LIMITED |
COCKFOSTERS DELICATESSEN LIMITED (REGISTERED NUMBER: 07483790) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JULY 2024 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
COCKFOSTERS DELICATESSEN LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 JULY 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
www.michaelfiliou.com |
Salisbury House |
81 High Street |
Potters Bar |
Hertfordshire |
EN6 5AS |
COCKFOSTERS DELICATESSEN LIMITED (REGISTERED NUMBER: 07483790) |
ABRIDGED BALANCE SHEET |
30 JULY 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 5 |
Tangible assets | 6 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | 8 | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
COCKFOSTERS DELICATESSEN LIMITED (REGISTERED NUMBER: 07483790) |
ABRIDGED BALANCE SHEET - continued |
30 JULY 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
COCKFOSTERS DELICATESSEN LIMITED (REGISTERED NUMBER: 07483790) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JULY 2024 |
1. | STATUTORY INFORMATION |
Cockfosters Delicatessen Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 07483790 and registered office address is c/o Michael Filiou Ltd, Salisbury House, 81 High Street, Potters Bar, Hertfordshire EN6 5AS. |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements are presented in Sterling (£) which is the functional currency of the company. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Goodwill |
Goodwill, being the amount paid in connection with the acquisition of the business in 2011, is being amortised equally over its reliable economic estimated useful life of twenty years. It is considered that the amortisation over twenty years is reasonable due to the fact that the customer base will be providing an income stream over this period. Furthermore, there is a ready market for the disposal of the goodwill. |
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 |
Short leasehold | - |
Improvements to property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
COCKFOSTERS DELICATESSEN LIMITED (REGISTERED NUMBER: 07483790) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JULY 2024 |
3. | ACCOUNTING POLICIES - continued |
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. |
Pension costs |
The company contributes to individual employees' personal pension plans. Contributions payable are charged to the income statement in the period to which they relate to. The assets of the plan are held separately from those of the company in independently administered funds. |
Financial instruments |
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties. |
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. |
Employees benefits |
The costs of short-term employee benefits are recognised as a liability and an expense in the period in which they are incurred. |
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. |
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
COCKFOSTERS DELICATESSEN LIMITED (REGISTERED NUMBER: 07483790) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JULY 2024 |
5. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 31 July 2023 |
and 30 July 2024 |
AMORTISATION |
At 31 July 2023 |
Amortisation for year |
At 30 July 2024 |
NET BOOK VALUE |
At 30 July 2024 |
At 30 July 2023 |
6. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 31 July 2023 |
Additions |
At 30 July 2024 |
DEPRECIATION |
At 31 July 2023 |
Charge for year |
At 30 July 2024 |
NET BOOK VALUE |
At 30 July 2024 |
At 30 July 2023 |
7. | LOANS |
An analysis of the maturity of loans is given below: |
2024 | 2023 |
£ | £ |
Amounts falling due between one and two years: |
Bank loans - 1-2 years |
COCKFOSTERS DELICATESSEN LIMITED (REGISTERED NUMBER: 07483790) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JULY 2024 |
7. | LOANS - continued |
2024 | 2023 |
£ | £ |
Amounts falling due between two and five years: |
Bank loans - 2-5 years |
8. | PROVISIONS FOR LIABILITIES |
2024 | 2023 |
£ | £ |
Deferred tax | 14,815 | 14,280 |
Deferred |
tax |
£ |
Balance at 31 July 2023 |
Provided during year |
Accelerated capital allowances |
Balance at 30 July 2024 |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Preference | £1 | 100 | 100 |
A Ordinary | £1 | 700 | 700 |
B Ordinary | £1 | 100 | 100 |
C Ordinary | £1 | 100 | 100 |
1,000 | 1,000 |
10. | ULTIMATE CONTROLLING PARTY |
The controlling party are the directors by virtue of the fact that they hold all the voting shares of the company. |