Caseware UK (AP4) 2024.0.164 2024.0.164 50false2023-10-01falseThe principal activity of the Company in the year under review was that of a café and restaurant.48falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05266544 2023-10-01 2024-09-30 05266544 2022-10-01 2023-09-30 05266544 2024-09-30 05266544 2023-09-30 05266544 c:Director2 2023-10-01 2024-09-30 05266544 d:PlantMachinery 2023-10-01 2024-09-30 05266544 d:PlantMachinery 2024-09-30 05266544 d:PlantMachinery 2023-09-30 05266544 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05266544 d:OfficeEquipment 2023-10-01 2024-09-30 05266544 d:OfficeEquipment 2024-09-30 05266544 d:OfficeEquipment 2023-09-30 05266544 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05266544 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05266544 d:Goodwill 2023-10-01 2024-09-30 05266544 d:Goodwill 2024-09-30 05266544 d:Goodwill 2023-09-30 05266544 d:CurrentFinancialInstruments 2024-09-30 05266544 d:CurrentFinancialInstruments 2023-09-30 05266544 d:Non-currentFinancialInstruments 2024-09-30 05266544 d:Non-currentFinancialInstruments 2023-09-30 05266544 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 05266544 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 05266544 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 05266544 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 05266544 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-09-30 05266544 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 05266544 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-09-30 05266544 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 05266544 d:ShareCapital 2024-09-30 05266544 d:ShareCapital 2023-09-30 05266544 d:RetainedEarningsAccumulatedLosses 2024-09-30 05266544 d:RetainedEarningsAccumulatedLosses 2023-09-30 05266544 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 05266544 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 05266544 d:RetirementBenefitObligationsDeferredTax 2024-09-30 05266544 d:RetirementBenefitObligationsDeferredTax 2023-09-30 05266544 c:FRS102 2023-10-01 2024-09-30 05266544 c:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 05266544 c:FullAccounts 2023-10-01 2024-09-30 05266544 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05266544 d:WithinOneYear 2024-09-30 05266544 d:WithinOneYear 2023-09-30 05266544 d:BetweenOneFiveYears 2024-09-30 05266544 d:BetweenOneFiveYears 2023-09-30 05266544 d:MoreThanFiveYears 2024-09-30 05266544 d:MoreThanFiveYears 2023-09-30 05266544 2 2023-10-01 2024-09-30 05266544 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 05266544










Sea Lane Cafe Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 30 September 2024

 
Sea Lane Cafe Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Sea Lane Cafe Limited for the year ended 30 September 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sea Lane Cafe Limited for the year ended 30 September 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Sea Lane Cafe Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Sea Lane Cafe Limited and state those matters that we have agreed to state to the Board of directors of Sea Lane Cafe Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sea Lane Cafe Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Sea Lane Cafe Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sea Lane Cafe Limited. You consider that Sea Lane Cafe Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Sea Lane Cafe Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
 
Chartered Accountants
  
9 Donnington Park
85 Birdham Road
Chichester
West Sussex
PO20 7AJ
23 April 2025
Page 1

 
Sea Lane Cafe Limited
Registered number: 05266544

Balance sheet
As at 30 September 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
63,714
64,793

Current assets
  

Stocks
  
12,000
12,000

Debtors: amounts falling due within one year
 6 
82,000
62,860

Cash at bank and in hand
  
85,566
73,796

  
179,566
148,656

Creditors: amounts falling due within one year
 7 
(210,668)
(175,503)

Net current liabilities
  
 
 
(31,102)
 
 
(26,847)

Total assets less current liabilities
  
32,612
37,946

Creditors: amounts falling due after more than one year
 8 
(7,035)
(17,375)

Provisions for liabilities
  

Deferred tax
 10 
(15,510)
(15,839)

  
 
 
(15,510)
 
 
(15,839)

Net assets
  
10,067
4,732


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
9,967
4,632

  
10,067
4,732


Page 2

 
Sea Lane Cafe Limited
Registered number: 05266544

Balance sheet (continued)
As at 30 September 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
G Trimmer
Director
Date: 22 April 2025

The notes on pages 4 to 11 form part of these financial statements.

Page 3

 
Sea Lane Cafe Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

1.


General information

The Company is a private company limited by share capital incorporated in England and Wales, registration number 05266544. The registered office address is 9 Donnington Park, 85 Birdham Road, Chichester, West Sussex, PO20 7AJ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
Sea Lane Cafe Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

2.Accounting policies (continued)

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 Amortisation is provided on the following bases:

Goodwill
-
20%
Straight line basis

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing balance
Office equipment
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 5

 
Sea Lane Cafe Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

2.Accounting policies (continued)

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” 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 the 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.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.13

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 6

 
Sea Lane Cafe Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

2.Accounting policies (continued)

 
2.14

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.15

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.16

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.17

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.18

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 7

 
Sea Lane Cafe Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Employees
50
48


4.


Intangible assets




Goodwill

£



Cost


At 1 October 2023
219,702



At 30 September 2024

219,702



Amortisation


At 1 October 2023
219,702



At 30 September 2024

219,702



Net book value



At 30 September 2024
-



At 30 September 2023
-



Page 8

 
Sea Lane Cafe Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

5.


Tangible fixed assets





Plant and machinery
Office equipment
Total

£
£
£



Cost or valuation


At 1 October 2023
198,658
8,909
207,567


Additions
14,773
2,140
16,913



At 30 September 2024

213,431
11,049
224,480



Depreciation


At 1 October 2023
138,574
4,200
142,774


Charge for the year on owned assets
16,325
1,667
17,992



At 30 September 2024

154,899
5,867
160,766



Net book value



At 30 September 2024
58,532
5,182
63,714



At 30 September 2023
60,084
4,709
64,793

Page 9

 
Sea Lane Cafe Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

6.


Debtors

2024
2023
£
£


Other debtors
16,981
54,343

Prepayments
65,019
8,517

82,000
62,860



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,340
10,085

Trade creditors
10,216
6,716

Corporation tax
68,995
37,760

Other taxation and social security
83,496
104,858

Other creditors
30,535
8,179

Accrued expenses
7,086
7,905

210,668
175,503



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
7,035
17,375



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,340
10,085

Amounts falling due 1-2 years

Bank loans
7,035
10,340

Amounts falling due 2-5 years

Bank loans
-
7,035


17,375
27,460


Page 10

 
Sea Lane Cafe Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

10.


Deferred taxation




2024


£






At beginning of year
(15,839)


Charged to profit or loss
329



At end of year
(15,510)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(15,634)
(15,839)

Pension surplus
124
-

(15,510)
(15,839)


11.


Commitments under operating leases

At 30 September 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
38,500
13,450

Later than 1 year and not later than 2 years
38,500
-

Later than 2 years and not later than 5 years
115,500
-

Later than 5 years
147,583
-

340,083
13,450


12.


Transactions with directors

During the year the Company has made unsecured loans to the directors. Interest was applied at the official rate of 2.25%. The amounts advanced to the directors totalled £151,211 (2023: £32,152) and the amounts repaid totalled £183,363 (2023: £nil). At the end of the financial year the amounts owing to the Company was £nil (2023: £32,152).


Page 11