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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MAY 2018 |
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CAFE GENERATION LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MAY 2018 |
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FOR |
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CAFE GENERATION LIMITED |
CAFE GENERATION LIMITED (REGISTERED NUMBER: 08039043) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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CAFE GENERATION LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MAY 2018 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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BUSINESS ADDRESS: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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12 Victoria Road |
Barnsley |
South Yorkshire |
S70 2BB |
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BANKERS: |
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2 Market Street |
Penistone |
Sheffield |
South Yorkshire |
S36 6NA |
CAFE GENERATION LIMITED (REGISTERED NUMBER: 08039043) |
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BALANCE SHEET |
31 MAY 2018 |
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31.5.18 | 31.5.17 |
as restated |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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CAFE GENERATION LIMITED (REGISTERED NUMBER: 08039043) |
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BALANCE SHEET - continued |
31 MAY 2018 |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387
of the Companies Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the
company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved and authorised for issue by the Board of Directors on
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CAFE GENERATION LIMITED (REGISTERED NUMBER: 08039043) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2018 |
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1. | STATUTORY INFORMATION |
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Cafe Generation Limited is a private company, limited by shares, registered in England and |
Wales. The company's registered number and registered office address can be found on the |
company information page. |
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The financial statements are presented in sterling which is the functional currency of the |
company and rounded to the nearest pound. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Going Concern |
The accounts have been prepared on a going concern basis as the directors' have indicated a |
willingness to support the company financially for the foreseeable future. |
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Significant judgements and estimates |
No judgements have been made in the process of applying the below accounting policies that |
have had the most significant effect on amounts recognised in the financial statements. |
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There are no key assumptions concerning the future and other key sources of estimation |
uncertainty at the reporting date that have a significant risk of causing material adjustment to |
the carrying amounts of assets and liabilities within the next financial year. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable net of VAT |
and trade discounts. |
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When the outcome of a transaction can be estimated reliably, turnover from catering services |
is recognised by reference to the stage of completion at the balance sheet date. Stage of |
completion is measured by when the service is performed. |
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Where the outcome cannot be measured reliably, turnover is recognised only to the extent of |
the expenses recognised that are recoverable. |
CAFE GENERATION LIMITED (REGISTERED NUMBER: 08039043) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MAY 2018 |
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2. | ACCOUNTING POLICIES - continued |
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Tangible fixed assets |
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated |
depreciation and accumulated impairment losses. Cost includes costs directly attributable to |
making the asset capable of operating as intended. |
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Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, |
less estimated residual value, of each asset on a systematic basis over its expected useful life |
as follows: |
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Plant & machinery | - 20% reducing balance |
Motor vehicles | - 20% reducing balance |
Fixtures and fittings | - 20% reducing balance |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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Cost is calculated using the first-in, first-out method and includes all costs in bringing stocks to |
their present location and condition. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the |
company's pension scheme are charged to profit or loss in the period to which they relate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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CAFE GENERATION LIMITED (REGISTERED NUMBER: 08039043) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MAY 2018 |
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor |
machinery | fittings | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 1 June 2017 |
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Additions |
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Disposals |
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At 31 May 2018 |
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DEPRECIATION |
At 1 June 2017 |
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Charge for year |
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Eliminated on disposal |
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At 31 May 2018 |
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NET BOOK VALUE |
At 31 May 2018 |
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At 31 May 2017 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.18 | 31.5.17 |
as |
restated |
£ | £ |
Prepayments |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.18 | 31.5.17 |
as |
restated |
£ | £ |
PAYE/NIC |
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VAT |
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Directors' current accounts |
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Accruals and deferred income |
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CAFE GENERATION LIMITED (REGISTERED NUMBER: 08039043) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MAY 2018 |
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7. | FINANCIAL COMMITMENTS |
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The total financial commitments which are not included in the balance sheet amount to |
£76,500 (2017 - £91,800). |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.5.18 | 31.5.17 |
value: |
as
restated |
£ | £ |
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Ordinary | £2 | 2 | 2 |
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9. | RESERVES |
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£ |
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Reserves as previously reported at 31 May 2017 | (128,129) |
Prior year adjustment (Note 4) | 76,802 |
Reserves as restated at 1 June 2017 | (51,327) |
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Profit for the year | 19,018 |
Reserves at 31 May 2018 | (32,309) |