Needles Eye Cafe Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 07981230

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		218,151		239,610
Tangible Assets	5		2,682		4,236

			220,833		243,846
CURRENT ASSETS
Stocks	6	5,000		5,000
Debtors	7	34,982		64,645
Cash at bank and in hand		145,732		161,093

		185,714		230,738
Creditors: Amounts Falling Due Within One Year	8	(112,446 )		(108,621 )

NET CURRENT ASSETS (LIABILITIES)			73,268		122,117

TOTAL ASSETS LESS CURRENT LIABILITIES			294,101		365,963

PROVISIONS FOR LIABILITIES
Deferred Taxation			(671 )		(1,059 )

NET ASSETS			293,430		364,904

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			293,330		364,804

SHAREHOLDERS' FUNDS			293,430		364,904

Page 1

Page 2

Needles Eye Cafe Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 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

Mrs Christina Veal

Director

03/07/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Needles Eye Cafe Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07981230 . The registered office is Needles Eye Cafe Hurst Road, Milford On Sea, Lymington, Hampshire, SO41 0PY.

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. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 24 years.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are the lease premium. It is amortised to profit and loss account over its estimated economic life of 24 years.

2.5. 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	20% Straight Line
Motor Vehicles	25% Straight Line

2.6. 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.

Page 3

Page 4

Needles Eye Cafe Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.7. Financial Instruments

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 measured 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.

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.

2.8. 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 year, 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.

2.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 32 (2025: 36)

Page 4

Page 5

Needles Eye Cafe Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Intangible Assets

	Goodwill	Other	Total
	£	£	£
Cost
As at 1 April 2025	514,000	1,000	515,000

As at 31 March 2026	514,000	1,000	515,000

Amortisation
As at 1 April 2025	274,847	543	275,390
Provided during the period	21,417	42	21,459

As at 31 March 2026	296,264	585	296,849

Net Book Value
As at 31 March 2026	217,736	415	218,151

As at 1 April 2025	239,153	457	239,610

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 April 2025	79,384	14,150	93,534
Additions	722	-	722

As at 31 March 2026	80,106	14,150	94,256

Depreciation
As at 1 April 2025	75,148	14,150	89,298
Provided during the period	2,276	-	2,276

As at 31 March 2026	77,424	14,150	91,574

Net Book Value
As at 31 March 2026	2,682	-	2,682

As at 1 April 2025	4,236	-	4,236

6. Stocks

	2026	2025
	£	£
Materials	5,000	5,000

Page 5

Page 6

Needles Eye Cafe Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	3,009	2,361
Amounts owed by group undertakings	13,000	-
Other debtors	18,973	62,284

	34,982	64,645

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	25,768	29,663
Other creditors	7,670	5,922
Taxation and social security	79,008	73,036

	112,446	108,621

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

10. Pension Commitments

The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £1,794 (2025 - £1,888) were due to the fund. They are included in Other Creditors.

Page 6