The Quarter Cafe Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10401011

The Quarter Cafe Limited

Filleted Unaudited Financial Statements

31 December 2024

The Quarter Cafe Limited

Financial Statements

Year ended 31 December 2024

Contents	Pages

Balance sheet	1 to 2

Notes to the financial statements	3 to 7

The Quarter Cafe Limited

Balance Sheet

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	6,391	12,682

Current assets

Stocks		15,000	8,050
Debtors	6	115,202	74,342
Cash at bank and in hand		101,737	159,731
		---------	---------
		231,939	242,123

Creditors: amounts falling due within one year	7	202,923	218,576
		---------	---------
Net current assets		29,016	23,547
		--------	--------
Total assets less current liabilities		35,407	36,229

Creditors: amounts falling due after more than one year	8	33,943	66,555

Provisions	1,285	2,410
	--------	--------
Net assets/(liabilities)	179	( 32,736)
	--------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	79	( 32,836)
	----	--------
Shareholders funds/(deficit)	179	( 32,736)
	----	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

The Quarter Cafe Limited

Balance Sheet (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 15 September 2025 , and are signed on behalf of the board by:

Mr J Bailey	Mrs A Bailey
Director	Director

Company registration number: 10401011

The Quarter Cafe Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Quarter, Potbank Spode Works, Elenora Street Stoke-on-Trent, ST4 1QQ. The company registration number is 10401011 .

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible amounts carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	20% straight line
Plant and machinery	-	20% straight line
Fixtures and fittings	-	20% straight line
Equipment	-	50% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The basic financial instruments of the company are as follows: Debtors Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objectives evidence that the asset is impaired. Cash at bank and in hand This comprises cash at bank and in hand. Trade creditors Trade creditors are not interest bearing and are stated at their nominal value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 49 (2023: 50 ).

5. Tangible assets

	Freehold property	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£	£
Cost
At 1 January 2024	1,248	26,664	11,590	1,827	41,329
Additions	–	1,294	655	–	1,949
Disposals	–	( 12,747)	( 2,454)	( 1,345)	( 16,546)
	-------	--------	--------	-------	--------
At 31 December 2024	1,248	15,211	9,791	482	26,732
	-------	--------	--------	-------	--------
Depreciation
At 1 January 2024	395	17,664	8,771	1,817	28,647
Charge for the year	250	4,399	1,543	10	6,202
Disposals	–	( 10,828)	( 2,335)	( 1,345)	( 14,508)
	-------	--------	--------	-------	--------
At 31 December 2024	645	11,235	7,979	482	20,341
	-------	--------	--------	-------	--------
Carrying amount
At 31 December 2024	603	3,976	1,812	–	6,391
	-------	--------	--------	-------	--------
At 31 December 2023	853	9,000	2,819	10	12,682
	-------	--------	--------	-------	--------

6. Debtors

	2024	2023
	£	£
Other debtors	115,202	74,342
	---------	--------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	32,612	30,088
Trade creditors	51,271	41,291
Corporation tax	11,808	–
Social security and other taxes	80,787	95,113
Other creditors	26,445	52,084
	---------	---------
	202,923	218,576
	---------	---------

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	33,943	66,555
	--------	--------

9. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2024	2023
	£	£
Not later than 1 year	92,878	108,481
Later than 1 year and not later than 5 years	85,131	182,937
	---------	---------
	178,009	291,418
	---------	---------

10. Directors' advances, credits and guarantees

During the year, the directors maintained current accounts with the company. The balances at the start of the year totalled £37,162 (2023 - £18,073) and were included within other debtors (2023 - other debtors). Total advances during the year were £77,777 (2023 - £37,162). Total repayments during the year were £44,496 (2023 - £18,073). The balances at the end of the year totalled £70,443(2023 - £37,162) and are included within other debtors (2023 - other debtors). All advances were made on an interest free basis.