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REGISTERED NUMBER: SC474405 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Sugarsnap Caterers Ltd

Sugarsnap Caterers Ltd (Registered number: SC474405)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

Sugarsnap Caterers Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mrs Fiona Morrison Macleod
Mr Calum Angus Macleod





REGISTERED OFFICE: Unit 4, Abercorn Ind. Estate
Abercorn Street
Paisley
PA3 4AY





REGISTERED NUMBER: SC474405 (Scotland)





ACCOUNTANTS: Wallace White Accountants
2nd Floor
22-24 Blythswood Square
Glasgow
G2 4BG

Sugarsnap Caterers Ltd (Registered number: SC474405)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,843 10,570
7,843 10,570

CURRENT ASSETS
Debtors 6 70,985 29,642
Cash at bank 213 23,029
71,198 52,671
CREDITORS
Amounts falling due within one year 7 94,630 75,633
NET CURRENT LIABILITIES (23,432 ) (22,962 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(15,589

)

(12,392

)

CREDITORS
Amounts falling due after more than one year 8 (21,552 ) (29,980 )

PROVISIONS FOR LIABILITIES (1,490 ) (2,008 )
NET LIABILITIES (38,631 ) (44,380 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (38,633 ) (44,382 )
(38,631 ) (44,380 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Sugarsnap Caterers Ltd (Registered number: SC474405)

Balance Sheet - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 March 2024 and were signed on its behalf by:





Mrs Fiona Morrison Macleod - Director


Sugarsnap Caterers Ltd (Registered number: SC474405)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Sugarsnap Caterers Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

I confirm that in accordance with the Financial Reporting Council’s recommendations that I have carried out a rigorous assessment of the company and have reached a view after that assessment that the company is entitled to be considered a going concern and that these accounts properly reflect that status as a basis for preparation of the accounts.

In completing my assessment, I have considered a period of time which is greater than 1 year from today's date.

Based upon my assessment, I consider that the disclosure in the accounts is balanced, proportionate and clear and reflects the facts as established during my assessment of the next twelve months.

Turnover
Turnover is the amount derived from the ordinary activities of the company, after trade discounts and excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of seven years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under finance lease, over the lease term whichever is shorter.
Short leasehold - 10% on cost
Improvements to property - 10% on cost
Plant and machinery - 25% on cost and 33.33% on cost
Fixtures and fittings - 20% on cost and 25% on cost
Motor vehicles - 20% on cost and 25% on cost
Computer equipment - 33.33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Sugarsnap Caterers Ltd (Registered number: SC474405)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 87,500
AMORTISATION
At 1 July 2022
and 30 June 2023 87,500
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

Sugarsnap Caterers Ltd (Registered number: SC474405)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 July 2022
and 30 June 2023 4,898 5,414 7,095
DEPRECIATION
At 1 July 2022 4,898 1,517 5,998
Charge for year - 541 427
At 30 June 2023 4,898 2,058 6,425
NET BOOK VALUE
At 30 June 2023 - 3,356 670
At 30 June 2022 - 3,897 1,097

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022
and 30 June 2023 5,654 24,171 430 47,662
DEPRECIATION
At 1 July 2022 5,654 18,595 430 37,092
Charge for year - 1,759 - 2,727
At 30 June 2023 5,654 20,354 430 39,819
NET BOOK VALUE
At 30 June 2023 - 3,817 - 7,843
At 30 June 2022 - 5,576 - 10,570

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 3,681 3,811
Other debtors 67,304 25,831
70,985 29,642

Sugarsnap Caterers Ltd (Registered number: SC474405)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 9,991 9,741
Trade creditors 1,002 3,587
Taxation and social security 39,679 56,088
Other creditors 43,958 6,217
94,630 75,633

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 21,552 29,980

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is F M Macleod and C A Macleod.

Sugarsnap Caterers Ltd

Report of the Accountants to the Directors of
Sugarsnap Caterers Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Wallace White Accountants
2nd Floor
22-24 Blythswood Square
Glasgow
G2 4BG


6 March 2024