Acorah Software Products - Accounts Production 16.2.850 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 10043301 Mr Alan Dolan Mr John Ginty Ms Kate Witherden iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10043301 2023-03-31 10043301 2024-03-31 10043301 2023-04-01 2024-03-31 10043301 frs-core:Non-currentFinancialInstruments 2024-03-31 10043301 frs-core:FurnitureFittings 2023-04-01 2024-03-31 10043301 frs-core:PlantMachinery 2023-04-01 2024-03-31 10043301 frs-core:ShareCapital 2024-03-31 10043301 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10043301 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10043301 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 10043301 frs-bus:SmallEntities 2023-04-01 2024-03-31 10043301 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10043301 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10043301 frs-bus:Director1 2023-04-01 2024-03-31 10043301 frs-bus:Director2 2023-04-01 2024-03-31 10043301 frs-bus:Director3 2023-04-01 2024-03-31 10043301 frs-countries:EnglandWales 2023-04-01 2024-03-31 10043301 2022-03-31 10043301 2023-03-31 10043301 2022-04-01 2023-03-31 10043301 frs-core:Non-currentFinancialInstruments 2023-03-31 10043301 frs-core:ShareCapital 2023-03-31 10043301 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 10043301
West Bay Cafe Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Thatcher Accountancy Services Limited
Contents
Page
Company Information 1
Abridged Balance Sheet 2—3
Notes to the Abridged Financial Statements 4—6
Page 1
Company Information
Directors Mr Alan Dolan
Mr John Ginty
Ms Kate Witherden
Company Number 10043301
Registered Office C/O Raynor Essex Llp
Tavistock House South
Tavistock Square
London
WC1H 9LG
Business The Promenade
Off Sea Road
Westgate-on-Sea
Kent
CT8 8QA
Accountants Thatcher Accountancy Services Limited
88 Herne Bay Road
Whitstable
Kent
CT5 2LX
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Abridged Balance Sheet
Registered number: 10043301
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,994 9,888
3,994 9,888
CURRENT ASSETS
Stocks 6,350 4,500
Debtors 52,745 107,934
Cash at bank and in hand 7,439 13,072
66,534 125,506
Creditors: Amounts Falling Due Within One Year (59,973 ) (90,317 )
NET CURRENT ASSETS (LIABILITIES) 6,561 35,189
TOTAL ASSETS LESS CURRENT LIABILITIES 10,555 45,077
Creditors: Amounts Falling Due After More Than One Year (25,569 ) -
NET (LIABILITIES)/ASSETS (15,014 ) 45,077
CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and Loss Account (15,114 ) 44,977
SHAREHOLDERS' FUNDS (15,014) 45,077
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For the year ending 31 March 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.
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 Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Alan Dolan
Director
03/04/2025
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Abridged Financial Statements
1. General Information
West Bay Cafe Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10043301 . The registered office is C/O Raynor Essex Llp, Tavistock House South, Tavistock Square, London, WC1H 9LG.
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
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 forseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of value added tax and other sales taxes. The turnover is recognised at the point of delivery of goods and services to the cafe customers. 
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. 
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their  useful lives on the following basis:
Plant & Machinery 25% straight line
Fixtures & Fittings 25% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit and loss.
2.5. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. 
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
2.6. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors 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 constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
...CONTINUED
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2.6. Financial Instruments - continued
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classifies as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Government Grant
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
2.9. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.10. Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered impairment or loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of impairment loos (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the the cash-generating unit to which the asset belongs.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit and loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
2.11. Employee benefits
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 10)
10 10
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4. Tangible Assets
Total
£
Cost
As at 1 April 2023 29,721
Disposals (2,920 )
As at 31 March 2024 26,801
Depreciation
As at 1 April 2023 19,833
Provided during the period 4,238
Disposals (1,264 )
As at 31 March 2024 22,807
Net Book Value
As at 31 March 2024 3,994
As at 1 April 2023 9,888
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
6. Related Party Transactions
Owed from Finbars of Westbay Limited is a balance of £2,920 which is included in trade debtors. The company also paid costs totaling £3,066 on Finbars of Westbay's behalf during the year, in addition to £9,226 brought forward from the previous year. At the year end, the amount due from Finbars of Westbay Limited was £15,212 (2023: £48,117)
At the year end, the company was owed a total of £34,729 (2023: £44,724) by the directors of the company. These loans are interest free.
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