CHEESE SCONE LTD

Company limited by guarantee

Company Registration Number:
11975253 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2021

Period of accounts

Start date: 01 June 2020

End date: 31 May 2021

CHEESE SCONE LTD

Company limited by guarantee

Contents of the Financial Statements

for the Period Ended 31 May 2021

Company Information - 3
Income and Expenditure Account - 4
Balance sheet - 5
Additional notes - 7
Income And Expenditure notes - 10
Balance sheet notes - 11

CHEESE SCONE LTD

Company limited by guarantee

Company Information

for the Period Ended 31 May 2021




Director: Jevon Scudamore
Registered office: Queens Hall Cafe
Queens Hall Art Centre
Beaumont Street
Hexham
Northumberland
GBR
NE46 3LS
Company Registration Number: 11975253 (England and Wales)

CHEESE SCONE LTD

Company limited by guarantee

Income and Expenditure Account

for the Period Ended 31 May 2021


Notes

2021
£
13 months to
31 May 2020
£
Gross surplus or (deficit) 24,219 113,426
Income from coronavirus (COVID-19) business support grants 39,350 0
Distribution Costs ( 0 ) ( 0 )
Administrative Expenses ( 89,675 ) ( 109,076 )
Operating surplus or (deficit) ( 26,106 ) 4,350
Interest Receivable and Similar Income 0 -
Interest Payable and Similar Charges ( 25 ) -
Surplus or (deficit) before tax 4 ( 26,131 ) 4,350
Tax on surplus - ( 80 )
Surplus or (deficit) for the period ( 26,131 ) 4,270

The notes form part of these financial statements

CHEESE SCONE LTD

Company limited by guarantee

Balance sheet

As at 31 May 2021


Notes

2021
£
13 months to
31 May 2020
£
Fixed assets
Tangible assets: 5 14,619 3,925
Total fixed assets: 14,619 3,925
Current assets
Debtors: 5,894 5,894
Cash at bank and in hand: 791 23,717
Total current assets: 6,685 29,611
Creditors: amounts falling due within one year: ( 7,744 ) ( 8,435 )
Net current assets (liabilities): ( 1,059 ) 21,176
Total assets less current liabilities: 13,560 25,101
Creditors: amounts falling due after more than one year: ( 25,578 ) ( 25,000 )
Total net assets (liabilities): ( 12,018 ) 101

The notes form part of these financial statements

CHEESE SCONE LTD

Company limited by guarantee

Balance sheet continued

As at 31 May 2021


Notes

2021
£
13 months to
31 May 2020
£
Reserves
Income and expenditure account ( 12,018 ) 101
Members funds ( 12,018 ) 101

For the year ending 31 May 2021 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 13 August 2022
And Signed On Behalf Of The Board By:

Name: Jevon Scudamore
Status: Director

The notes form part of these financial statements

CHEESE SCONE LTD

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 May 2021

  • 1. Accounting policies

    Basis of measurement and 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).

    Tangible fixed assets depreciation policy

    Tangible Fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life as follows:

    Fixtures, fittings, tools and equipment - Over 5 years

CHEESE SCONE LTD

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 May 2021

  • 2. Employees


    2021
    13 months to
    31 May 2020
    Average number of employees during the period 8 6

CHEESE SCONE LTD

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 May 2021

  • 3. Off balance sheet disclosure

    No

CHEESE SCONE LTD

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 May 2021

4.Surplus or (deficit) before tax

COVID greatly impacted sales and cost as well as administrative expenses, for example staff still accrued holiday pay and some admin costs were contract based which couldn't go unpaid.

The business was not able to gain government help as the directors name is not on the business rates register - all costs are passed on from landlord in a single rent payment.

CHEESE SCONE LTD

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 May 2021

5. Tangible Assets

Total
Cost £
At 01 June 2020 4,681
Additions 13,964
Disposals -
Revaluations -
Transfers -
At 31 May 2021 18,645
Depreciation
At 01 June 2020 756
Charge for year 3,270
On disposals -
Other adjustments -
At 31 May 2021 4,026
Net book value
At 31 May 2021 14,619
At 31 May 2020 3,925