Cafe D'Ag Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC204830 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019

FOR

CAFE D'AG LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I W Wright

SECRETARY:

James and George Collie

REGISTERED OFFICE:

1 East Craibstone Street

Aberdeen

Aberdeenshire

AB11 6YO

REGISTERED NUMBER:

SC204830 (Scotland)

ACCOUNTANTS:

Fyfe Moir & Associates

First Floor, 5 Abercrombie Court

Prospect Road, Arnhall Business Park

Westhill

Aberdeenshire

Grampian

AB32 6FE

FIXED ASSETS

Intangible assets

4

105,000

110,000

Tangible assets

5

334,199

334,199

439,199

444,199

CURRENT ASSETS

Stocks

2,200

2,200

Debtors

6

613

350

2,813

2,550

CREDITORS

Amounts falling due within one year

7

59,790

61,991

NET CURRENT LIABILITIES

(56,977

)

(59,441

)

TOTAL ASSETS LESS CURRENT LIABILITIES

382,222

384,758

CREDITORS

Amounts falling due after more than one year

8

386,149

367,327

NET (LIABILITIES)/ASSETS

(3,927

)

17,431

CAPITAL AND RESERVES

Called up share capital

100,000

100,000

Retained earnings

(103,927

)

(82,569

)

SHAREHOLDERS' FUNDS

(3,927

)

17,431

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 12 November 2019 and were signed by:

I W Wright - Director

1.	STATUTORY INFORMATION

Cafe D'Ag Limited is a private company, limited by shares , registered in Scotland. The company's registered

number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Going concern

Although technically insolvent the company is being supported by means of the company director.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of forty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2018 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2018

and 31 March 2019

200,000

AMORTISATION

At 1 April 2018

90,000

Charge for year

5,000

At 31 March 2019

95,000

NET BOOK VALUE

At 31 March 2019

105,000

At 31 March 2018

110,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST

At 1 April 2018

and 31 March 2019

334,199

144,029

478,228

DEPRECIATION

At 1 April 2018

and 31 March 2019

-

144,029

144,029

NET BOOK VALUE

At 31 March 2019

334,199

-

334,199

At 31 March 2018

334,199

-

334,199

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Other debtors

79

-

Prepayments

534

350

613

350

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Bank loans and overdrafts

45,639

50,165

Trade creditors

7,275

4,169

Social security and other taxes

605

353

VAT

890

1,879

Other creditors

1,830

1,882

Accrued expenses

3,551

3,543

59,790

61,991

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.19

31.3.18

£

£

Directors current accounts

359,349

340,527

Other creditors

26,800

26,800

386,149

367,327

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.19

31.3.18

£

£

Bank overdrafts

251

284

Bank loans

45,388

49,881

45,639

50,165

Two standard securities were created on 29th November 2000 over the property of the company and a bond &

floating charge was created on 13th April 2000 over the whole assets of the company..

10.	ULTIMATE CONTROLLING PARTY

The sole director Mr I Wright is the Ultimate Controlling party.