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COMPANY REGISTRATION NUMBER: 12054563
The Cowshed Cafe Ltd
Filleted Unaudited Financial Statements
30 June 2024
The Cowshed Cafe Ltd
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
115,999
116,580
Current assets
Stocks
3,646
916
Debtors
6
2,202
1,819
Cash at bank and in hand
2,541
1,621
-------
-------
8,389
4,356
Creditors: amounts falling due within one year
7
167,556
163,764
---------
---------
Net current liabilities
159,167
159,408
---------
---------
Total assets less current liabilities
( 43,168)
( 42,828)
--------
--------
Net liabilities
( 43,168)
( 42,828)
--------
--------
Capital and reserves
Called up share capital
3
3
Profit and loss account
( 43,171)
( 42,831)
--------
--------
Shareholders deficit
( 43,168)
( 42,828)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
The Cowshed Cafe Ltd
Statement of Financial Position (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 26 March 2025 , and are signed on behalf of the board by:
Mrs S L Mortlock
Director
Company registration number: 12054563
The Cowshed Cafe Ltd
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Oak Farm, Bedford Road, Northill, Biggleswade, Bedfordshire, SG18 9AW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Fixtures and fittings
-
15% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: Nil).
5. Tangible assets
Long leasehold property
Plant and machinery
Fixtures and fittings
Total
£
£
£
£
Cost
At 1 July 2023
105,219
12,282
117,501
Additions
1,498
1,498
---------
-------
--------
---------
At 30 June 2024
105,219
1,498
12,282
118,999
---------
-------
--------
---------
Depreciation
At 1 July 2023
921
921
Charge for the year
375
1,704
2,079
---------
-------
--------
---------
At 30 June 2024
375
2,625
3,000
---------
-------
--------
---------
Carrying amount
At 30 June 2024
105,219
1,123
9,657
115,999
---------
-------
--------
---------
At 30 June 2023
105,219
11,361
116,580
---------
-------
--------
---------
6. Debtors
2024
2023
£
£
Trade debtors
1,274
1,819
Other debtors
928
-------
-------
2,202
1,819
-------
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Social security and other taxes
1,604
331
Other creditors
165,952
163,433
---------
---------
167,556
163,764
---------
---------