Company Registration No. 10926009 (England and Wales)
Paws for Thought Cat Cafe Ltd
Unaudited accounts
for the year ended 30 September 2024
Paws for Thought Cat Cafe Ltd
Unaudited accounts
Contents
Paws for Thought Cat Cafe Ltd
Company Information
for the year ended 30 September 2024
Company Number
10926009 (England and Wales)
Registered Office
4 Church Street
Romsey
Hampshire
SO51 8BU
Paws for Thought Cat Cafe Ltd
Statement of financial position
as at 30 September 2024
Tangible assets
7,609
8,696
Cash at bank and in hand
14,659
13,851
Creditors: amounts falling due within one year
(18,074)
(17,601)
Net current assets
2,998
6,651
Total assets less current liabilities
10,607
15,347
Provisions for liabilities
Deferred tax
(1,100)
(1,411)
Called up share capital
100
100
Profit and loss account
9,407
13,836
Shareholders' funds
9,507
13,936
For the year ending 30 September 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 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 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 and authorised for issue on 7 April 2025 and were signed on its behalf by
Mrs E K Blyth
Director
Company Registration No. 10926009
Paws for Thought Cat Cafe Ltd
Notes to the Accounts
for the year ended 30 September 2024
Paws for Thought Cat Cafe Ltd is a private company, limited by shares, registered in England and Wales, registration number 10926009. The registered office is 4 Church Street, Romsey, Hampshire, SO51 8BU.
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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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Incoming donations are generally accounted for in the period in which they are received.
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:
Land & buildings
15% Reducing Balance
Plant & machinery
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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 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 at the balance sheet date.
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.
Paws for Thought Cat Cafe Ltd
Notes to the Accounts
for the year ended 30 September 2024
The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Basic financial assets, which include trade and other receivables 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 financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividend's payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
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Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2023
2,276
7,984
5,564
15,824
At 30 September 2024
2,276
8,326
5,884
16,486
At 1 October 2023
1,266
3,084
2,778
7,128
Charge for the year
151
1,009
589
1,749
At 30 September 2024
1,417
4,093
3,367
8,877
At 30 September 2024
859
4,233
2,517
7,609
At 30 September 2023
1,010
4,900
2,786
8,696
Amounts falling due within one year
Paws for Thought Cat Cafe Ltd
Notes to the Accounts
for the year ended 30 September 2024
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
3,099
3,741
Taxes and social security
9,478
7,055
Other creditors
5,497
6,805
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Operating lease commitments
2024
2023
At 30 September 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
21,000
21,000
Later than one year and not later than five years
57,750
78,750
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Average number of employees
During the year the average number of employees was 6 (2023: 4).