Company Registration No. 15158554 (England and Wales)
142 Cafe & Cocktails Limited
Unaudited accounts
for the period from 23 September 2023 to 30 September 2024
142 Cafe & Cocktails Limited
Unaudited accounts
Contents
142 Cafe & Cocktails Limited
Company Information
for the period from 23 September 2023 to 30 September 2024
Directors
Veselka Todorova Ignatova
Rumyana Todorova Nikolova
Company Number
15158554 (England and Wales)
Registered Office
No 142 Cafe & Bar
142 Bridge Road
Lowestoft
Suffolk
NR33 9JT
England
142 Cafe & Cocktails Limited
Statement of financial position
as at 30 September 2024
Cash at bank and in hand
656
Creditors: amounts falling due within one year
(23,990)
Net current liabilities
(23,334)
Total assets less current liabilities
(5,949)
Creditors: amounts falling due after more than one year
(12,238)
Called up share capital
100
Profit and loss account
(18,287)
Shareholders' funds
(18,187)
For the period ending 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 June 2025 and were signed on its behalf by
Veselka Todorova Ignatova
Director
Company Registration No. 15158554
142 Cafe & Cocktails Limited
Notes to the Accounts
for the period from 23 September 2023 to 30 September 2024
142 Cafe & Cocktails Limited is a private company, limited by shares, registered in England and Wales, registration number 15158554. The registered office is No 142 Cafe & Bar, 142 Bridge Road, Lowestoft, Suffolk, NR33 9JT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance method
Fixtures & fittings
15% reducing balance method
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The Directors have reasonable expectation that the Company will have adequate resources to continue in operational existence for the foreseeable future. The Company therefore continue to adopt the Going Concern basis for preparing it's financial statements.
142 Cafe & Cocktails Limited
Notes to the Accounts
for the period from 23 September 2023 to 30 September 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 23 September 2023
-
-
-
Additions
16,369
5,046
21,415
At 30 September 2024
16,369
5,046
21,415
Charge for the period
3,274
756
4,030
At 30 September 2024
3,274
756
4,030
At 30 September 2024
13,095
4,290
17,385
5
Creditors: amounts falling due within one year
2024
Taxes and social security
703
Loans from directors
23,059
6
Creditors: amounts falling due after more than one year
2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
8
Average number of employees
During the period the average number of employees was 7.