Registered number
12903046
THE EARLY BIRD CAFE LIMITED
Filleted Accounts
30 September 2024
THE EARLY BIRD CAFE LIMITED
Registered number: 12903046
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 282,855 245,790
Current assets
Stocks 15,759 11,987
Debtors 4 195,741 82,937
Cash at bank and in hand 62,254 73,169
273,754 168,093
Creditors: amounts falling due within one year 5 (535,623) (355,979)
Net current liabilities (261,869) (187,886)
Total assets less current liabilities 20,986 57,904
Creditors: amounts falling due after more than one year 6 (59,574) (54,238)
Net (liabilities)/assets (38,588) 3,666
Capital and reserves
Called up share capital 100 100
Profit and loss account (38,688) 3,566
Shareholders' funds (38,588) 3,666
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.
Robert Stander
Director
Approved by the board on 30 September 2025
THE EARLY BIRD CAFE LIMITED
Notes to the Accounts
for the year ended 30 September 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:
Leasehold land and buildings over the lease term
Plant and machinery at 20% (vehicles 25%) on a reducing balance
Fixtures, fittings, tools and equipment at 20% on a 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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
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 53 53
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 October 2023 114,873 207,648 35,928 358,449
Additions 48,282 39,391 14,500 102,173
At 30 September 2024 163,155 247,039 50,428 460,622
Depreciation
At 1 October 2023 27,401 75,128 10,130 112,659
Charge for the year 24,238 34,421 6,449 65,108
At 30 September 2024 51,639 109,549 16,579 177,767
Net book value
At 30 September 2024 111,516 137,490 33,849 282,855
At 30 September 2023 87,472 132,520 25,798 245,790
4 Debtors 2024 2023
£ £
Trade debtors 1,785 -
Other debtors 193,956 82,937
195,741 82,937
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 109,079 47,470
Obligations under finance lease and hire purchase contracts 11,843 8,717
Trade creditors 56,417 48,630
Taxation and social security costs 295,466 224,396
Other creditors 62,818 26,766
535,623 355,979
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 27,049 24,167
Obligations under finance lease and hire purchase contracts 32,525 30,071
59,574 54,238
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Robert Stander
Directors loan 15,371 73,583 (39,973) 48,981
Deborah Stander
Directors loan 15,371 73,582 (39,972) 48,981
30,742 147,165 (79,945) 97,962
Directors' loans are unsecured and are repayable on demand. Interest is charged at HMRC's
official rates, as published by HMRC under "Beneficial loan arrangements".
8 Other information
THE EARLY BIRD CAFE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
51 Mutley Plain
Mutley
PLYMOUTH
Devon
PL4 6JH
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