PULP FRICTION SMOOTHIE BAR CIC

Company limited by guarantee

Company Registration Number:
07497948 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 1 August 2022

End date: 31 July 2023

PULP FRICTION SMOOTHIE BAR CIC

Contents of the Financial Statements

for the Period Ended 31 July 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

PULP FRICTION SMOOTHIE BAR CIC

Profit And Loss Account

for the Period Ended 31 July 2023

2023 2022


£

£
Turnover: 574,875 419,793
Cost of sales: ( 178,256 ) ( 101,000 )
Gross profit(or loss): 396,619 318,793
Distribution costs: ( 321,533 ) ( 228,243 )
Administrative expenses: ( 87,053 ) ( 90,760 )
Operating profit(or loss): (11,967) (210)
Interest receivable and similar income: 73
Interest payable and similar charges: ( 5 )
Profit(or loss) before tax: (11,899) (210)
Profit(or loss) for the financial year: (11,899) (210)

PULP FRICTION SMOOTHIE BAR CIC

Balance sheet

As at 31 July 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 22,899 30,287
Total fixed assets: 22,899 30,287
Current assets
Cash at bank and in hand: 42,211 67,521
Total current assets: 42,211 67,521
Prepayments and accrued income: 2,427
Creditors: amounts falling due within one year: 4 ( 60,709 ) ( 62,819 )
Net current assets (liabilities): (16,071) 4,702
Total assets less current liabilities: 6,828 34,989
Creditors: amounts falling due after more than one year: 5 ( 5,569 ) ( 21,164 )
Accruals and deferred income: ( 2,400 ) ( 3,070 )
Total net assets (liabilities): (1,141) 10,755
Members' funds
Profit and loss account: (1,141) 10,755
Total members' funds: ( 1,141) 10,755

The notes form part of these financial statements

PULP FRICTION SMOOTHIE BAR CIC

Balance sheet statements

For the year ending 31 July 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 29 July 2024
and signed on behalf of the board by:

Name: Susan Jill Carter
Status: Director

The notes form part of these financial statements

PULP FRICTION SMOOTHIE BAR CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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.

    Tangible fixed assets depreciation policy

    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 evenly over its expected useful life, as follows:Freehold buildings over 50 yearsLeasehold land and buildings over the lease termPlant and machinery over 5 yearsFixtures, fittings, tools and equipment over 5 years

    Other accounting policies

    Debtors - Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

PULP FRICTION SMOOTHIE BAR CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 18 18

PULP FRICTION SMOOTHIE BAR CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2022 12,000 46,862 28,319 16,168 103,349
Additions 4,640 4,640
Disposals
Revaluations
Transfers
At 31 July 2023 12,000 51,502 28,319 16,168 107,989
Depreciation
At 1 August 2022 10,905 18,303 28,319 15,535 73,062
Charge for year 1,095 10,300 633 12,028
On disposals
Other adjustments
At 31 July 2023 12,000 28,603 28,319 16,168 85,090
Net book value
At 31 July 2023 0 22,899 0 0 22,899
At 31 July 2022 1,095 28,559 0 633 30,287

PULP FRICTION SMOOTHIE BAR CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 60,709 62,819
Total 60,709 62,819

PULP FRICTION SMOOTHIE BAR CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

5. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 5,569 21,164
Total 5,569 21,164

COMMUNITY INTEREST ANNUAL REPORT

PULP FRICTION SMOOTHIE BAR CIC

Company Number: 07497948 (England and Wales)

Year Ending: 31 July 2023

Company activities and impact

The principal activity of the company is to provide support, training and opportunities for young persons with learning disabilities and learning difficulties.

Consultation with stakeholders

Stakeholders are young adults with learning difficulties and their families are support networks. Consultation has taken place with individuals and families on activities and training opportunities needed to support their social, independence and work readiness needs.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
29 July 2024

And signed on behalf of the board by:
Name: Susan Jill Carter
Status: Director