Company registration number 13323949 (England and Wales)
THE C-YARD CAFE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
THE C-YARD CAFE LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
THE C-YARD CAFE LTD
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
86,395
90,321
Current assets
Stocks
18,749
19,312
Cash at bank and in hand
1,819
10,012
20,568
29,324
Creditors: amounts falling due within one year
4
(44,284)
(61,617)
Net current liabilities
(23,716)
(32,293)
Total assets less current liabilities
62,679
58,028
Creditors: amounts falling due after more than one year
5
(47,088)
(51,226)
Provisions for liabilities
(2,477)
(2,349)
Net assets
13,114
4,453
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
13,014
4,353
Total equity
13,114
4,453
THE C-YARD CAFE LTD
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2024
30 September 2024
- 2 -
For the financial year ended 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 of its financial statements for the year in question in accordance with section 476.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 28 May 2025
Mrs C Owen
Director
Company registration number 13323949 (England and Wales)
THE C-YARD CAFE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -
1
Accounting policies
Company information
The C-Yard Cafe Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 245 City Road, St. Helens, England, WA10 6UY.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold improvements
5% Straight line
Fixtures & equipment
20% Reducing balance
1.4
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
THE C-YARD CAFE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 4 -
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
1.6
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
1.7
Government grants are accounted for using the accruals model under FRS102, and are included in the period to which the grant relates.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
14
10
3
Tangible fixed assets
Leasehold improvements
Fixtures & equipment
Total
£
£
£
Cost
At 1 October 2023
85,543
13,581
99,124
Additions
2,980
2,980
At 30 September 2024
85,543
16,561
102,104
Depreciation and impairment
At 1 October 2023
5,495
3,308
8,803
Depreciation charged in the year
4,279
2,627
6,906
At 30 September 2024
9,774
5,935
15,709
Carrying amount
At 30 September 2024
75,769
10,626
86,395
At 30 September 2023
80,048
10,273
90,321
THE C-YARD CAFE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 5 -
4
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
13,580
4,200
Trade creditors
4,850
4,246
Corporation tax
2,814
Other creditors
23,040
53,171
44,284
61,617
5
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
47,088
51,226
6
Loans and overdrafts
2024
2023
£
£
Bank loans
51,288
55,426
Bank overdrafts
9,380
60,668
55,426
Payable within one year
13,580
4,200
Payable after one year
47,088
51,226
The bank loan is secured by a charge over the property to which it relates
7
Operating lease commitments
As lessee
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2024
2023
£
£
Total commitments
4,630