Caseware UK (AP4) 2022.0.179 2022.0.179 102022-04-01falseNo description of principal activity10falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08505595 2022-04-01 2023-03-31 08505595 2021-04-01 2022-03-31 08505595 2023-03-31 08505595 2022-03-31 08505595 c:Director1 2022-04-01 2023-03-31 08505595 c:Director2 2022-04-01 2023-03-31 08505595 c:RegisteredOffice 2022-04-01 2023-03-31 08505595 d:PlantMachinery 2022-04-01 2023-03-31 08505595 d:PlantMachinery 2023-03-31 08505595 d:PlantMachinery 2022-03-31 08505595 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08505595 d:OfficeEquipment 2022-04-01 2023-03-31 08505595 d:OfficeEquipment 2023-03-31 08505595 d:OfficeEquipment 2022-03-31 08505595 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08505595 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08505595 d:Goodwill 2022-04-01 2023-03-31 08505595 d:Goodwill 2023-03-31 08505595 d:Goodwill 2022-03-31 08505595 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08505595 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 08505595 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 08505595 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 08505595 d:ShareCapital 2023-03-31 08505595 d:ShareCapital 2022-03-31 08505595 d:RetainedEarningsAccumulatedLosses 2023-03-31 08505595 d:RetainedEarningsAccumulatedLosses 2022-03-31 08505595 c:OrdinaryShareClass1 2022-04-01 2023-03-31 08505595 c:OrdinaryShareClass1 2023-03-31 08505595 c:OrdinaryShareClass1 2022-03-31 08505595 c:FRS102 2022-04-01 2023-03-31 08505595 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 08505595 c:AbridgedAccounts 2022-04-01 2023-03-31 08505595 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08505595 2 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08505595










SHHHH! COFFEE SHOP LIMITED

Unaudited
Financial statements
Information for filing with the registrar
For the year ended 31 March 2023

 
SHHHH! COFFEE SHOP LIMITED
 

Company Information


Directors
Jon-Paul Fawdry 
Samantha Jayne Fawdry 




Registered number
08505595



Registered office
Unit 1-3 Peak Square
Crystal Peaks Library

Sheffield

S20 7PH





 
SHHHH! COFFEE SHOP LIMITED
Registered number: 08505595

Balance sheet
As at 31 March 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
30,463
24,582

  
30,463
24,582

Current assets
  

Stocks
  
1,250
1,250

Debtors
  
68,744
19,185

Cash at bank and in hand
  
39,505
45,304

  
109,499
65,739

Creditors: amounts falling due within one year
  
(82,394)
(71,025)

Net current assets/(liabilities)
  
 
 
27,105
 
 
(5,286)

Total assets less current liabilities
  
57,568
19,296

Creditors: amounts falling due after more than one year
  
(54,942)
(275)

Net assets
  
2,626
19,021


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
2,526
18,921

  
2,626
19,021


Page 1

 
SHHHH! COFFEE SHOP LIMITED
Registered number: 08505595

Balance sheet (continued)
As at 31 March 2023

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 income and retained earnings 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 10 November 2023.




Jon-Paul Fawdry
Samantha Jayne Fawdry
Director
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
SHHHH! COFFEE SHOP LIMITED
 

 
Notes to the financial statements
For the year ended 31 March 2023

1.


General information

Shhhh! Coffee Shop Limited is a private company limited by shares incorporated in England within the United Kingdom.  The address of the registered office is given in the company information page of these financial statements.
The financial statements are presented in sterling which is the functional currency of the company.

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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue recognition

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.

 
2.3

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.

 
2.4

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 income and retained earnings in the same period as the related expenditure.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

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.

Page 3

 
SHHHH! COFFEE SHOP LIMITED
 

 
Notes to the financial statements
For the year ended 31 March 2023

2.Accounting policies (continued)

 
2.8

Taxation

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.

 
2.9

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.

 The estimated useful lives range as follows:

Goodwill
-
5
years

 
2.10

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:

Equipment
-
20%
Office equipment
-
20%

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.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Page 4

 
SHHHH! COFFEE SHOP LIMITED
 

 
Notes to the financial statements
For the year ended 31 March 2023

2.Accounting policies (continued)


2.13
Financial instruments (continued)


Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2022 -10).

Page 5

 
SHHHH! COFFEE SHOP LIMITED
 

 
Notes to the financial statements
For the year ended 31 March 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2022
5,000



At 31 March 2023

5,000



Amortisation


At 1 April 2022
5,000



At 31 March 2023

5,000



Net book value



At 31 March 2023
-



At 31 March 2022
-



Page 6

 
SHHHH! COFFEE SHOP LIMITED
 

 
Notes to the financial statements
For the year ended 31 March 2023

5.


Tangible fixed assets





Shop equipment
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2022
40,086
1,820
41,906


Additions
12,633
963
13,596



At 31 March 2023

52,719
2,783
55,502



Depreciation


At 1 April 2022
15,825
1,499
17,324


Charge for the year on owned assets
7,621
94
7,715



At 31 March 2023

23,446
1,593
25,039



Net book value



At 31 March 2023
29,273
1,190
30,463



At 31 March 2022
24,261
321
24,582


6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 -100) Ordinary shares of £1 each
100
100



7.


Related party transactions

Included within other creditors due within one year are the directors' current accounts.  The current accounts are unsecured, interest free and repayable on demand.  The balances outstanding at the yearend owed to the directors' are £51,939 (2022 £55,939)


Page 7