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Company Registration No. NI699154 (Northern Ireland)
Happy Out Cafe Limited Unaudited accounts for the period from 11 July 2023 to 31 July 2024
Happy Out Cafe Limited Unaudited accounts Contents
Page
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Happy Out Cafe Limited Company Information for the period from 11 July 2023 to 31 July 2024
Directors
Vic Young Alex Campbell Eamonn McGill
Company Number
NI699154 (Northern Ireland)
Registered Office
34 KNOCKMOYLE DRIVE ANTRIM BT41 1HE NORTHERN IRELAND
Accountants
DJB Accounting Ltd 34 Knockmoyle Drive Greystone Road Antrim BT41 1HE
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Happy Out Cafe Limited Statement of financial position as at 31 July 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
8,246 
Current assets
Cash at bank and in hand
77 
Creditors: amounts falling due within one year
(21,858)
Net current liabilities
(21,781)
Net liabilities
(13,535)
Capital and reserves
Called up share capital
2 
Profit and loss account
(13,537)
Shareholders' funds
(13,535)
For the period ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 April 2025 and were signed on its behalf by
Vic Young Director Company Registration No. NI699154
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Happy Out Cafe Limited Notes to the Accounts for the period from 11 July 2023 to 31 July 2024
1
Statutory information
Happy Out Cafe Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI699154. The registered office is 34 KNOCKMOYLE DRIVE, ANTRIM, BT41 1HE, NORTHERN IRELAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Happy Out Cafe Limited Notes to the Accounts for the period from 11 July 2023 to 31 July 2024
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors will continue to adopt the going concern basis of accounting in preparing the financial statements.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 11 July 2023
- 
Additions
10,995 
At 31 July 2024
10,995 
Depreciation
Charge for the period
2,749 
At 31 July 2024
2,749 
Net book value
At 31 July 2024
8,246 
5
Creditors: amounts falling due within one year
2024 
£ 
Bank loans and overdrafts
3,665 
Loans from directors
18,193 
21,858 
6
Average number of employees
During the period the average number of employees was 0.
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