Footprints Cafe Ltd
(A company limited by guarantee - not having a share capital)
Unaudited Filleted Accounts
30 September 2021
Registered number
11440855
Footprints Cafe Ltd
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Footprints Cafe Ltd for the year ended 30 September 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Footprints Cafe Ltd for the year ended 30 September 2021 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance
This report is made solely to the Board of Directors of Footprints Cafe Ltd, as a body, in accordance with the terms of our engagement letter dated 4 December 2021. Our work has been undertaken solely to prepare for your approval the accounts of Footprints Cafe Ltd and state those matters that we have agreed to state to the Board of Directors of Footprints Cafe Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Footprints Cafe Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Footprints Cafe Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Footprints Cafe Ltd. You consider that Footprints Cafe Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Footprints Cafe Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Thomas Quinn
Chartered Accountants
82b High Street
Sawston
Cambridge
CB22 3HJ
4 March 2022
Footprints Cafe Ltd
Registered number: 11440855
Balance Sheet
as at 30 September 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 4 1,926 897
Current assets
Stocks 2,185 1,993
Debtors 5 2,259 1,012
Cash at bank and in hand 21,163 29,850
25,607 32,855
Creditors: amounts falling due within one year 6 (1,465) (27,666)
Net current assets 24,142 5,189
Net assets 26,068 6,086
Capital and reserves
Profit and loss account 26,068 6,086
Shareholder's funds 26,068 6,086
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M Mackintosh
Director
Approved by the board on 4 March 2022
Footprints Cafe Ltd
Notes to the Accounts
for the year ended 30 September 2021
1 Accounting policies
Basis of 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 2 2
3 Taxation
As the company is a not for profit entity it is only liable to UK corporation tax on its investment income.
4 Tangible fixed assets
Office equipment
£
Cost
At 1 October 2020 1,794
Additions 1,970
At 30 September 2021 3,764
Depreciation
At 1 October 2020 897
Charge for the year 941
At 30 September 2021 1,838
Net book value
At 30 September 2021 1,926
At 30 September 2020 897
5 Debtors 2021 2020
£ £
Trade debtors 1,077 1,012
Directors loan account 1,182 -
2,259 1,012
6 Creditors: amounts falling due within one year 2021 2020
£ £
Trade creditors - 1,658
Directors loan account - 24,335
Taxation and social security costs 565 773
Other creditors 900 900
1,465 27,666
7 Other information
Footprints Cafe Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Sawston Free Church
1 High Street
Sawston
CB22 3BG
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