Registered number
13941054
Fika Beach Ltd
Filleted Accounts
31 May 2024
Fika Beach Ltd
Registered number: 13941054
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 91,729 50,215
Current assets
Stocks 10,000 2,500
Debtors 4 136 261
Cash at bank and in hand 89,753 33,522
99,889 36,283
Creditors: amounts falling due within one year 5 (77,445) (77,259)
Net current assets/(liabilities) 22,444 (40,976)
Net assets 114,173 9,239
Capital and reserves
Called up share capital 100 100
Profit and loss account 114,073 9,139
Shareholders' funds 114,173 9,239
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr E D Chandler-Gordon
Director
Approved by the board on 21 August 2025
Fika Beach Ltd
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant, machinery and equipment 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 20 15
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2023 50,215
Additions 51,555
At 31 May 2024 101,770
Depreciation
Charge for the year 10,041
At 31 May 2024 10,041
Net book value
At 31 May 2024 91,729
At 31 May 2023 50,215
4 Debtors 2024 2023
£ £
Other debtors 136 261
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 38,636 26,120
Amounts owed to group undertakings and undertakings in which the company has a participating interest 8,830 47,393
Taxation and social security costs 13,484 2,121
Other creditors 16,495 1,625
77,445 77,259
6 Related party transactions
Fika Coffee And Eggs Ltd
Parent company
Amount due to the related party 8,830 47,393
7 Controlling party
The company is a wholly owned subsidiary of Fika Coffee And Eggs Ltd, a company
registered in England and Wales.
6 Other information
Fika Beach Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Demar House, 14 Church Road
East Wittering
Chichester
West Sussex
PO20 8PS
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