Caseware UK (AP4) 2021.0.152 2021.0.152 2021-09-302021-09-30truetrue2020-10-01falseNo description of principal activity1111The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08213709 2020-10-01 2021-09-30 08213709 2019-10-01 2020-09-30 08213709 2021-09-30 08213709 2020-09-30 08213709 c:Director2 2020-10-01 2021-09-30 08213709 d:Buildings d:ShortLeaseholdAssets 2020-10-01 2021-09-30 08213709 d:Buildings d:ShortLeaseholdAssets 2021-09-30 08213709 d:Buildings d:ShortLeaseholdAssets 2020-09-30 08213709 d:PlantMachinery 2020-10-01 2021-09-30 08213709 d:PlantMachinery 2021-09-30 08213709 d:PlantMachinery 2020-09-30 08213709 d:PlantMachinery d:OwnedOrFreeholdAssets 2020-10-01 2021-09-30 08213709 d:FurnitureFittings 2020-10-01 2021-09-30 08213709 d:FurnitureFittings 2021-09-30 08213709 d:FurnitureFittings 2020-09-30 08213709 d:FurnitureFittings d:OwnedOrFreeholdAssets 2020-10-01 2021-09-30 08213709 d:OwnedOrFreeholdAssets 2020-10-01 2021-09-30 08213709 d:PatentsTrademarksLicencesConcessionsSimilar 2021-09-30 08213709 d:PatentsTrademarksLicencesConcessionsSimilar 2020-09-30 08213709 d:CurrentFinancialInstruments 2021-09-30 08213709 d:CurrentFinancialInstruments 2020-09-30 08213709 d:Non-currentFinancialInstruments 2021-09-30 08213709 d:Non-currentFinancialInstruments 2020-09-30 08213709 d:CurrentFinancialInstruments d:WithinOneYear 2021-09-30 08213709 d:CurrentFinancialInstruments d:WithinOneYear 2020-09-30 08213709 d:Non-currentFinancialInstruments d:AfterOneYear 2021-09-30 08213709 d:Non-currentFinancialInstruments d:AfterOneYear 2020-09-30 08213709 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2021-09-30 08213709 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2020-09-30 08213709 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-09-30 08213709 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2020-09-30 08213709 d:ShareCapital 2021-09-30 08213709 d:ShareCapital 2020-09-30 08213709 d:RetainedEarningsAccumulatedLosses 2021-09-30 08213709 d:RetainedEarningsAccumulatedLosses 2020-09-30 08213709 c:FRS102 2020-10-01 2021-09-30 08213709 c:AuditExempt-NoAccountantsReport 2020-10-01 2021-09-30 08213709 c:FullAccounts 2020-10-01 2021-09-30 08213709 c:PrivateLimitedCompanyLtd 2020-10-01 2021-09-30 08213709 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2020-10-01 2021-09-30 iso4217:GBP xbrli:pure

Registered number: 08213709









SUPERSNAX LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2021

 
SUPERSNAX LIMITED
REGISTERED NUMBER: 08213709

BALANCE SHEET
AS AT 30 SEPTEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Intangible assets
 5 
3,397
3,964

Tangible assets
 6 
86,385
31,681

  
89,782
35,645

Current assets
  

Stocks
  
2,677
2,677

Debtors: amounts falling due within one year
 7 
152,451
96,281

Cash at bank and in hand
  
30,278
5,961

  
185,406
104,919

Creditors: amounts falling due within one year
 8 
(111,176)
(45,263)

Net current assets
  
 
 
74,230
 
 
59,656

Total assets less current liabilities
  
164,012
95,301

Creditors: amounts falling due after more than one year
 9 
(36,667)
(44,792)

Provisions for liabilities
  

Deferred tax
  
(10,578)
-

Net assets
  
116,767
50,509


Capital and reserves
  

Called up share capital 
  
110
110

Profit and loss account
  
116,657
50,399

  
116,767
50,509


Page 1

 
SUPERSNAX LIMITED
REGISTERED NUMBER: 08213709
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2021

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 August 2022.


C S Bajaj
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
SUPERSNAX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

1.


General information

Supersnax Limited is a private limited company incorporated and domiciled in England.  Its registered office is situated at Cromwell House, 68 West Gate, Mansfield, Nottinghamshire NG18 1RR.  Its principal place of business is Unit B Coppice Side, Hepworth Retail Park, Swadllincote, Derby DE11 9AA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of signing there is a degree of uncertainty about the economic impact of COVID-19. The directors continue to monitor the position closely, however believe that the company will maintain its current level of activity.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 3

 
SUPERSNAX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

2.Accounting policies (continued)

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the statement of comprehensive income in the same period as the related expenditure.

 
2.6

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
SUPERSNAX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

2.Accounting policies (continued)

 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold property improvements
-
straight line over the term of the lease
Plant and machinery
-
25% straight line
Fixtures and fittings
-
33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2020 - 11).

Page 5

 
SUPERSNAX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

4.


Directors' remuneration

2021
2020
£
£

Directors' emoluments
29,554
29,423

29,554
29,423



5.


Intangible assets




Franchise fee

£



Cost


At 1 October 2020
8,500



At 30 September 2021

8,500



Amortisation


At 1 October 2020
4,536


Charge for the year on owned assets
567



At 30 September 2021

5,103



Net book value



At 30 September 2021
3,397



At 30 September 2020
3,964



Page 6

 
SUPERSNAX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

6.


Tangible fixed assets





Leasehold property improvements
Plant and machinery
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 October 2020
58,919
60,779
8,601
128,299


Additions
31,186
6,888
26,438
64,512



At 30 September 2021

90,105
67,667
35,039
192,811



Depreciation


At 1 October 2020
30,441
57,575
8,601
96,617


Charge for the year on owned assets
5,018
1,979
2,812
9,809



At 30 September 2021

35,459
59,554
11,413
106,426



Net book value



At 30 September 2021
54,646
8,113
23,626
86,385



At 30 September 2020
28,477
3,204
-
31,681

Page 7

 
SUPERSNAX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

7.


Debtors

2021
2020
£
£


Trade debtors
38,909
8,044

Other debtors
103,098
80,614

Prepayments and accrued income
10,444
6,699

Deferred taxation
-
924

152,451
96,281


Included within other debtors are loans to directors amounting to £12,086 (2020 - £20).  These loans are interest free with no fixed repayment terms.
Also included within other debtors are loans to companies incorporated in England that are owned and controlled by the directors of this company. £87,553 (2020 - £44,594) was outstanding at the balance sheet date.  These loans are interest free with no fixed repayment terms.


8.


Creditors: Amounts falling due within one year

2021
2020
£
£

Bank loans
10,000
5,208

Trade creditors
61,778
11,666

Corporation tax
1,807
1,427

Other taxation and social security
1,937
16,691

Other creditors
17,736
1,124

Accruals and deferred income
17,918
9,147

111,176
45,263


Included within other creditors are loans from companies incorporated in England that are owned and controlled by the directors of this company.  £10,963 (2020 - £750) was outstanding at the balance sheet date.  These loans are interest free with no fixed repayment terms.


9.


Creditors: Amounts falling due after more than one year

2021
2020
£
£

Bank loans
36,667
44,792


Page 8

 
SUPERSNAX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

10.


Loans


Analysis of the maturity of loans is given below:


2021
2020
£
£

Amounts falling due within one year

Bank loans
10,000
5,208

Amounts falling due 1-2 years

Bank loans
10,000
12,500

Amounts falling due 2-5 years

Bank loans
26,667
32,292


46,667
50,000



11.


Pension commitments

The company operates a defined contribution pension scheme.  Total contributions paid by the company during the year were £2,032 (2020 - £2,300  At the balance sheet date contributions totalling £553 (2020 - £374) were outstanding and included within other creditors.

 
Page 9