Registered number
08487424
South Street Pantry Ltd
Filleted Accounts
30 April 2023
South Street Pantry Ltd
Registered number: 08487424
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 5,750 13,974
Current assets
Cash at bank and in hand 124,433 123,743
Creditors: amounts falling due within one year 4 (129,700) (28,206)
Net current (liabilities)/assets (5,267) 95,537
Total assets less current liabilities 483 109,511
Creditors: amounts falling due after more than one year 5 - (47,197)
Net assets 483 62,314
Capital and reserves
Called up share capital 100 100
Profit and loss account 383 62,214
Shareholders' funds 483 62,314
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 members have 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.
Danielle Smart
Director
Approved by the board on 25 May 2023
South Street Pantry Ltd
Notes to the Accounts
for the year ended 30 April 2023
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 18 20
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2022 81,328
At 30 April 2023 81,328
Depreciation
At 1 May 2022 67,354
Charge for the year 8,224
At 30 April 2023 75,578
Net book value
At 30 April 2023 5,750
At 30 April 2022 13,974
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 9,560
Taxation and social security costs (5,633) 16,047
Other creditors 135,333 2,599
129,700 28,206
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans - 47,197
6 Other information
South Street Pantry Ltd is a private company limited by shares and incorporated in England. Its registered office is:
70 South Street
Bishops Stortford
Hertfordshire
CM23 3AZ
South Street Pantry Ltd 08487424 false 2022-05-01 2023-04-30 2023-04-30 VT Final Accounts October 2023 release 2 Danielle Smart No description of principal activity 08487424 2021-05-01 2022-04-30 08487424 core:WithinOneYear 2022-04-30 08487424 core:AfterOneYear 2022-04-30 08487424 core:ShareCapital 2022-04-30 08487424 core:RetainedEarningsAccumulatedLosses 2022-04-30 08487424 2022-05-01 2023-04-30 08487424 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 08487424 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 08487424 bus:Director40 2022-05-01 2023-04-30 08487424 core:PlantMachinery 2022-05-01 2023-04-30 08487424 countries:England 2022-05-01 2023-04-30 08487424 bus:FRS102 2022-05-01 2023-04-30 08487424 bus:FullAccounts 2022-05-01 2023-04-30 08487424 2023-04-30 08487424 core:WithinOneYear 2023-04-30 08487424 core:AfterOneYear 2023-04-30 08487424 core:ShareCapital 2023-04-30 08487424 core:RetainedEarningsAccumulatedLosses 2023-04-30 08487424 core:PlantMachinery 2023-04-30 08487424 2022-04-30 08487424 core:PlantMachinery 2022-04-30 iso4217:GBP xbrli:pure