for the Period Ended 31 December 2022
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 December 2022
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
1 January 2022 to 31 December 2022
The director shown below has held office during the period of
1 January 2022 to 15 August 2022
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2022 | 2021 | |
---|---|---|
| £ | £ |
Turnover: | | |
Gross profit(or loss): | | |
Administrative expenses: | ( | ( |
Other operating income: | | |
Operating profit(or loss): | ( | |
Profit(or loss) before tax: | ( | |
Profit(or loss) for the financial year: | ( | |
As at
Notes | 2022 | 2021 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Tangible assets: | 3 | | |
Total fixed assets: | | | |
Current assets | |||
Stocks: | 4 | | |
Debtors: | 5 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 6 | ( | ( |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Total net assets (liabilities): | | | |
Members' funds | |||
Profit and loss account: | | | |
Total members' funds: | | |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2022
Basis of measurement and preparation
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 31 December 2022
2022 | 2021 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 31 December 2022
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 1 January 2022 | | | ||||
Additions | | | ||||
Disposals | ( | ( | ||||
Revaluations | ||||||
Transfers | ||||||
At 31 December 2022 | | | ||||
Depreciation | ||||||
At 1 January 2022 | | | ||||
Charge for year | | | ||||
On disposals | ( | ( | ||||
Other adjustments | ||||||
At 31 December 2022 | | | ||||
Net book value | ||||||
At 31 December 2022 | | | ||||
At 31 December 2021 | | |
for the Period Ended 31 December 2022
2022 | 2021 | |
---|---|---|
£ | £ | |
Stocks | | |
Total | | |
for the Period Ended 31 December 2022
2022 | 2021 | |
---|---|---|
£ | £ | |
Trade debtors | | |
Other debtors | | |
Total | | |
Debtors due after more than one year: | | |
for the Period Ended 31 December 2022
2022 | 2021 | |
---|---|---|
£ | £ | |
Bank loans and overdrafts | | |
Trade creditors | | |
Taxation and social security | | |
Accruals and deferred income | | |
Other creditors | | |
Total | | |
Poverty to Purpose 2022 year was very much about rebuild, recover and reinvest.After investing into the kitchen area, we have been able to expand our kitchen team and offer more training opportunities for future chef's. Square Peg continues to be the heart beat of Swansea, building community through connections space and friendly staff.We continue to offer local employment with the equivalent of 7 Full time staff. Offering career paths and training opportunities. Over 30 barista spaces where opened up to those not in employment to develop education, experience and certification in barista skills. Many of those who were trained had the opportunity to do work experience in the coffee shop. Community links have gained momentum and a higher footfall has seen us connect with a broader community than previous years. We continue to Love the community we are in and offer a space to feel at home and tackle loneliness. A reduction in food miles has helped us build some exciting local supplier relationships that we forecast to strengthen into 2023.We continue to rebuild, recover and reinvest.
Local community – constant monitoring and feedback on the projectCustomers – Feedback is provided on a rolling basisLocal charities – Financial support has dwindled since covid, and we are looking to build to a better profit margin in the future.
The director Claire Crome was employed by the company and paid for her work in the cafe as shop manager. Expenses of £105 also were reimbursed to this director during the year for costs incurred on behalf of the organisation. No payments were made to any of the directors for their role as a director.There were no other transactions or arrangements in connection with remuneration of directors, or compensation for director's loss of office, which require to be disclosed.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
3 November 2023
And signed on behalf of the board by:
Name: Matthew Crome
Status: Director