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Registered number: 12223567
Clovecafe Ltd
Unaudited Financial Statements
For the Period 1 October 2023 to 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12223567
31 March 2025 30 September 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,678 18,556
15,678 18,556
CURRENT ASSETS
Stocks 5 2,437 2,437
Debtors 6 60,411 36,323
Cash at bank and in hand 275,257 176,691
338,105 215,451
Creditors: Amounts Falling Due Within One Year 7 (107,251 ) (57,794 )
NET CURRENT ASSETS (LIABILITIES) 230,854 157,657
TOTAL ASSETS LESS CURRENT LIABILITIES 246,532 176,213
Creditors: Amounts Falling Due After More Than One Year 8 (24,954 ) (39,518 )
NET ASSETS 221,578 136,695
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 221,478 136,595
SHAREHOLDERS' FUNDS 221,578 136,695
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Page 2
For the period ending 31 March 2025 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Lindsay Birkett
Director
05/06/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Clovecafe Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12223567 . The registered office is Quern House, Mill Court, Great Shelford, Cambridge, Cambridgeshire, CB22 5LD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 5-10 years
Motor Vehicles 5 years
Fixtures & Fittings 5-10 years
Computer Equipment 4 years
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the period was: 17 (2023: 15)
17 15
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 26,235 3,105 7,886 37,226
Additions 920 4,620 1,385 6,925
Disposals - (3,105 ) - (3,105 )
As at 31 March 2025 27,155 4,620 9,271 41,046
Depreciation
As at 1 October 2023 10,781 1,130 6,759 18,670
Provided during the period 5,431 924 1,473 7,828
Disposals - (1,130 ) - (1,130 )
As at 31 March 2025 16,212 924 8,232 25,368
Net Book Value
As at 31 March 2025 10,943 3,696 1,039 15,678
As at 1 October 2023 15,454 1,975 1,127 18,556
5. Stocks
31 March 2025 30 September 2023
£ £
Stock 2,437 2,437
6. Debtors
31 March 2025 30 September 2023
£ £
Due within one year
Other debtors 36,810 21,323
Due after more than one year
Other debtors 23,601 15,000
60,411 36,323
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7. Creditors: Amounts Falling Due Within One Year
31 March 2025 30 September 2023
£ £
Trade creditors 8,050 6,901
Bank loans and overdrafts 6,204 -
Other creditors 7,364 7,876
Taxation and social security 85,633 43,017
107,251 57,794
8. Creditors: Amounts Falling Due After More Than One Year
31 March 2025 30 September 2023
£ £
Bank loans 24,954 39,518
9. Share Capital
31 March 2025 30 September 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
At the year end, there were balances due by the directors of £25,485 (2023: £19,780). The loans were unsecured with interest charged at 2.5% per annum.
Included within other debtors is a balance owing from Orchard Tea Garden Limited, a company under common control, of £10,459.
Included within other debtors is a balance owing from Green & Bow Limited, a company under common control, of £866.
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