Cherry Blossom Swshi Ltd |
Notes to the Accounts |
for the period from 25 May 2022 to 31 May 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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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). |
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Turnover |
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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 takeaway foods. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Fixtures, fittings and equipment |
over 10 years |
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Stocks |
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Stocks are measured at the lower of cost and estimated selling price. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current period. and 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. . |
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2 |
Employees |
2023 |
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Number |
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Average number of persons employed by the company |
5 |
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3 |
Tangible fixed assets |
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Plant and machinery etc |
£ |
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Cost |
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Additions |
11,865 |
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At 31 May 2023 |
11,865 |
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Depreciation |
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Charge for the period |
1,186 |
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At 31 May 2023 |
1,186 |
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Net book value |
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At 31 May 2023 |
10,679 |
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4 |
Debtors |
2023 |
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£ |
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Trade debtors |
5,925 |
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5 |
Creditors: amounts falling due within one year |
2023 |
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£ |
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Trade creditors |
9,012 |
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Taxation and social security costs |
161 |
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Other creditors |
12,040 |
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21,213 |
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6 |
Other information |
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Cherry Blossom Swshi Ltd is a private company limited by shares and incorporated in Wales. Its registered office is: |
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14 Wyndham Crecent |
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Cardiff |
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CF11 9EH |