Registered number
05870953
Waddon Cafe Limited
Unaudited Filleted Accounts
31 July 2024
Waddon Cafe Limited
Registered number: 05870953
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 453,552 453,841
Current assets
Stocks 705 1,000
Debtors 4 860 914
Cash at bank and in hand 1,664 4,768
3,229 6,682
Creditors: amounts falling due within one year 5 (155,181) (151,391)
Net current liabilities (151,952) (144,709)
Total assets less current liabilities 301,600 309,132
Creditors: amounts falling due after more than one year 6 (255,726) (270,561)
Net assets 45,874 38,571
Capital and reserves
Called up share capital 100 100
Profit and loss account 45,774 38,471
Shareholder's funds 45,874 38,571
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Tacim Bezginsoy
Director
Approved by the board on 17 April 2025
Waddon Cafe Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 August 2023 452,420 2,514 454,934
At 31 July 2024 452,420 2,514 454,934
Depreciation
At 1 August 2023 - 1,093 1,093
Charge for the year - 289 289
At 31 July 2024 - 1,382 1,382
Net book value
At 31 July 2024 452,420 1,132 453,552
At 31 July 2023 452,420 1,421 453,841
4 Debtors 2024 2023
£ £
Trade debtors 71 760
Other debtors 789 154
860 914
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 23,030 28,612
Taxation and social security costs 10,386 10,221
Other creditors 121,765 112,558
155,181 151,391
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 255,726 270,561
7 Other information
Waddon Cafe Limited is a private company limited by shares and incorporated in England. Its registered office is:
Suite 57-58 Capital Business Centre
22 Carlton Road
South Croydon
CR2 0BS
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