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REGISTERED NUMBER: 01363916 (England and Wales)















FIRST CAFES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024






FIRST CAFES LIMITED (REGISTERED NUMBER: 01363916)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


FIRST CAFES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mr W Fox
Mr J C Taylor
C T Fox
Miss A C Taylor





SECRETARY: Mr W Fox





REGISTERED OFFICE: Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ





REGISTERED NUMBER: 01363916 (England and Wales)





ACCOUNTANTS: Carston ETL
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

FIRST CAFES LIMITED (REGISTERED NUMBER: 01363916)

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 397,740 381,184

CURRENT ASSETS
Stocks 18,000 6,000
Debtors 5 49,505 7,266
Cash at bank and in hand 78,484 78,213
145,989 91,479
CREDITORS
Amounts falling due within one year 6 159,750 99,357
NET CURRENT LIABILITIES (13,761 ) (7,878 )
TOTAL ASSETS LESS CURRENT LIABILITIES 383,979 373,306

CREDITORS
Amounts falling due after more than one year 7 24,142 34,167
NET ASSETS 359,837 339,139

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 359,737 339,039
SHAREHOLDERS' FUNDS 359,837 339,139

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th May 2025 and were signed on its behalf by:





Mr W Fox - Director


FIRST CAFES LIMITED (REGISTERED NUMBER: 01363916)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

First Cafes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% straight line on cost
Fixtures and fittings - Straight line over 7 years
Motor vehicles - Straight line over 7 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
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 and liabilities 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 by the statement of financial position date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

FIRST CAFES LIMITED (REGISTERED NUMBER: 01363916)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1st April 2023 54,873 545,000 189,991 789,864
Additions - 114,295 - 114,295
At 31st March 2024 54,873 659,295 189,991 904,159
DEPRECIATION
At 1st April 2023 54,873 291,332 62,475 408,680
Charge for year - 73,990 23,749 97,739
At 31st March 2024 54,873 365,322 86,224 506,419
NET BOOK VALUE
At 31st March 2024 - 293,973 103,767 397,740
At 31st March 2023 - 253,668 127,516 381,184

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,159 6,143
Other debtors 22,016 600
Directors' current accounts 2,330 -
VAT - 523
49,505 7,266

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 5,631
Trade creditors 54,297 48,452
Other creditors - Amex 17,859 2,019
Other creditors- Bcard 24,011 -
Tax 45,013 35,132
VAT 13,120 -
Directors' current accounts - 1,883
Accruals and deferred income 5,450 6,240
159,750 99,357

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans <1yr 10,025 10,000
Bank loans >1yr 14,117 24,167
24,142 34,167

FIRST CAFES LIMITED (REGISTERED NUMBER: 01363916)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

9. RESERVES
Retained
earnings
£   

At 1st April 2023 339,039
Profit for the year 95,698
Dividends (75,000 )
At 31st March 2024 359,737