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Registration number: 11568669

Cacao Partners Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 30 September 2021

 

Cacao Partners Ltd

(Registration number: 11568669)
Abridged Balance Sheet as at 30 September 2021

Note

2021
£

2020
£

Current assets

 

Stocks

4

5,402

5,155

Debtors

130

14,615

Cash at bank and in hand

 

24,253

39,177

 

29,785

58,947

Prepayments and accrued income

 

715

707

Creditors: Amounts falling due within one year

(15,200)

(7,730)

Total assets less current liabilities

 

15,300

51,924

Creditors: Amounts falling due after more than one year

(87,880)

(91,614)

Accruals and deferred income

 

(750)

(1,000)

Net liabilities

 

(73,330)

(40,690)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(73,430)

(40,790)

Total equity

 

(73,330)

(40,690)

For the financial year ending 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 30 June 2022 and signed on its behalf by:
 

 

Cacao Partners Ltd

(Registration number: 11568669)
Abridged Balance Sheet as at 30 September 2021

.........................................

Mandip Kaur Yadav
Director

.........................................

Vinay Suresh Yadav
Director

 

Cacao Partners Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2021

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
43a Market Place
Bawtry
Doncaster
England
DN10 6JL

These financial statements were authorised for issue by the Board on 30 June 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Cacao Partners Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2021

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Cacao Partners Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2021

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2020 - 1).

4

Stocks

2021
£

2020
£

Raw materials and consumables

5,402

5,155