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Registered number: 12368259
Cavadas Cafe Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 12368259
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 18,953 38,504
18,953 38,504
CURRENT ASSETS
Stocks 2,985 2,507
Debtors 5 28,114 29,253
Cash at bank and in hand 4,957 12,647
36,056 44,407
Creditors: Amounts Falling Due Within One Year 6 (48,030 ) (33,288 )
NET CURRENT ASSETS (LIABILITIES) (11,974 ) 11,119
TOTAL ASSETS LESS CURRENT LIABILITIES 6,979 49,623
Creditors: Amounts Falling Due After More Than One Year 7 (57,265 ) (103,417 )
NET LIABILITIES (50,286 ) (53,794 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Income Statement (50,386 ) (53,894 )
SHAREHOLDERS' FUNDS (50,286) (53,794)
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mrs Dina Dos Santos Cavadas
Director
18 March 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Cavadas Cafe Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12368259 . The registered office is The Octagon, Wells Road, Ilkley, West Yorkshire, LS29 9JB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
When preparing the financial statements, the directors have made an assessment of the company's ability to continue as a going concern. The company is considered a going concern as the directors have no intention to liquidate the company or to cease trading. In assessing whether the going concern assumption is appropriate, the directors have taken into account all available information about the future, which is at least, but is not limited to, twelve months from the date when the financial statements are authorised for issue. The board is committed to the success of the company in the following twelve months, and where necessary will endeavour to support the company with all means at their disposal to ensure its continuity.  Therefore the directors still believe it is appropriate to prepare the accounts on a going concern basis.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 15% on reducing balance and 20% on cost
Fixtures & Fittings 20% on cost
Computer Equipment 25% on reducing balance
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 6)
5 6
Page 3
Page 4
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 31,405 75,112 2,095 108,612
As at 31 December 2024 31,405 75,112 2,095 108,612
Depreciation
As at 1 January 2024 17,435 51,359 1,314 70,108
Provided during the period 4,333 15,023 195 19,551
As at 31 December 2024 21,768 66,382 1,509 89,659
Net Book Value
As at 31 December 2024 9,637 8,730 586 18,953
As at 1 January 2024 13,970 23,753 781 38,504
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 81 73
Other debtors 28,033 29,180
28,114 29,253
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 11,176 3,019
Bank loans and overdrafts 18,800 10,000
Other creditors 3,567 10,623
Taxation and social security 14,487 9,646
48,030 33,288
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Trade creditors 5,118 -
Bank loans 4,166 14,166
Other creditors 47,981 89,251
57,265 103,417
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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Page 5
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as follows:
2024 2023
£ £
Not later than one year 62,500 62,500
Later than one year and not later than five years 250,000 18,229
Later than five years 18,229 -
330,729 80,729
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