ASTRAL CAFE LIMITED
Registered number: 09538776
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 91,193 103,733
Tangible assets 4 29,742 36,270
120,935 140,003
Current assets
Stocks 9,201 8,043
Debtors 5 11,409 9,550
Cash at bank and in hand 170,699 170,157
191,309 187,750
Creditors: amounts falling due within one year 6 (125,594) (123,261)
Net current assets 65,715 64,489
Total assets less current liabilities 186,650 204,492
Creditors: amounts falling due after more than one year 7 (24,111) (34,022)
Provisions for liabilities (4,366) (5,324)
Net assets 158,173 165,146
Capital and reserves
Called up share capital 2 2
Profit and loss account 158,171 165,144
Shareholders' funds 158,173 165,146
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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 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.
Antonio Luis Pereira Cabral
Director
Approved by the board on 28 April 2025
ASTRAL CAFE LIMITED
Notes to the Accounts
for the year ended 30 April 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.
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Plant and machinery 18% over reducing balance method
Motor Vehicles 18% over reducing balance method
Investments
Investments in unquoted equity instruments, if any are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is estimated by using a valuation technique.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount), if any are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies, if any are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases, if any are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments, if any are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge, if any is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets, if any are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments , if any are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans, if any are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 14 13
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 103,733
At 30 April 2024 103,733
Amortisation
Provided during the year 12,540
At 30 April 2024 12,540
Net book value
At 30 April 2024 91,193
At 30 April 2023 103,733
Goodwill is being written off in equal annual instalments over its estimated economic life of 15 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 25,563 10,707 36,270
At 30 April 2024 25,563 10,707 36,270
Depreciation
Charge for the year 4,601 1,927 6,528
At 30 April 2024 4,601 1,927 6,528
Net book value
At 30 April 2024 20,962 8,780 29,742
At 30 April 2023 25,563 10,707 36,270
[For revalued assets, state the years in which the assets were valued and their values. For assets revalued during the reporting period, state the names of the persons who revalued them or particulars of their qualifications for doing so and the bases of valuation used by them.]
5 Debtors 2024 2023
£ £
Trade debtors 9,565 3,993
Other debtors 1,844 5,557
11,409 9,550
Amounts due after more than one year included above 1,844 1,844
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 26,250 22,906
Corporation tax 5,079 6,845
Other taxes and social security costs 23,742 22,803
Other creditors 70,523 70,707
125,594 123,261
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 24,111 34,022
8 Related party transactions
The company owe £70,522 (£70,707 in 2023) to Mr Antonio Cabral and Mrs Magna Cabral as at 30 April 2024.
9 Controlling party
Mr Antonio Cabral and Mrs Magna Cabral are the controlling parties of the company due to their virtue of shareholding in the company.
10 Other information
ASTRAL CAFE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
8
Regency Place
London
UK
SW1P 2EB
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