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REGISTERED NUMBER: 08125255 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

FLAT WHITE DURHAM LIMITED

FLAT WHITE DURHAM LIMITED (REGISTERED NUMBER: 08125255)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FLAT WHITE DURHAM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: P Clark
P Anglesea





REGISTERED OFFICE: 21A Elvet Bridge
Durham City
DH1 3AA





REGISTERED NUMBER: 08125255 (England and Wales)





ACCOUNTANTS: RMT Ribchesters
Accountants and Business Advisors
Finchale House
Belmont Business Park
Durham
DH1 1TW

FLAT WHITE DURHAM LIMITED (REGISTERED NUMBER: 08125255)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 41,856 40,287
41,856 40,287

CURRENT ASSETS
Stocks 9,922 9,020
Debtors 6 127,221 120,180
Cash at bank and in hand 161,353 136,203
298,496 265,403
CREDITORS
Amounts falling due within one year 7 140,514 119,875
NET CURRENT ASSETS 157,982 145,528
TOTAL ASSETS LESS CURRENT
LIABILITIES

199,838

185,815

CREDITORS
Amounts falling due after more than one
year

8

(33,022

)

(51,417

)

PROVISIONS FOR LIABILITIES (10,464 ) (7,209 )
NET ASSETS 156,352 127,189

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 156,350 127,187
SHAREHOLDERS' FUNDS 156,352 127,189

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

FLAT WHITE DURHAM LIMITED (REGISTERED NUMBER: 08125255)

BALANCE SHEET - continued
30 JUNE 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 March 2025 and were signed on its behalf by:




P Clark - Director



P Anglesea - Director


FLAT WHITE DURHAM LIMITED (REGISTERED NUMBER: 08125255)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Flat White Durham 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.

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 derived from the principal activity of the company, which is that of a licenced restaurant and associated cafe, and is represented net of VAT. Income is recognised when the goods are sold.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - at cost over terms of lease
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Cycles - 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 Statement of Income and Retained Earnings, 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.

FLAT WHITE DURHAM LIMITED (REGISTERED NUMBER: 08125255)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

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.

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 31 (2023 - 28 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 18,000
AMORTISATION
At 1 July 2023
and 30 June 2024 18,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 127,164
Additions 15,378
At 30 June 2024 142,542
DEPRECIATION
At 1 July 2023 86,877
Charge for year 13,809
At 30 June 2024 100,686
NET BOOK VALUE
At 30 June 2024 41,856
At 30 June 2023 40,287

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 127,221 120,180

FLAT WHITE DURHAM LIMITED (REGISTERED NUMBER: 08125255)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,286 10,844
Trade creditors 142 16,250
Taxation and social security 119,513 76,640
Other creditors 10,573 16,141
140,514 119,875

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 9,606 19,892
Other creditors 23,416 31,525
33,022 51,417

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 41,000 41,000
Between one and five years 70,250 95,250
In more than five years 60,000 76,000
171,250 212,250

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loan - 833

The above loan is secured against the assets of the company.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

FLAT WHITE DURHAM LIMITED (REGISTERED NUMBER: 08125255)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

12. RELATED PARTY DISCLOSURES

During the year the directors maintained an interest free loan to the company. As at 30 June 2024 the balance due to the directors was £64 (2023 :£5,528).

During the year the company maintained an interest free loan to a company related by way of it's directors being directors and shareholders of this company. As at 30 June 2024 the balance outstanding was £109,872 (2023: £111,877) and is included in other debtors.