Registered number
09020502
Sano School of Culinary Medicine Limited
Filleted Accounts
31 December 2023
Sano School of Culinary Medicine Limited
Registered number: 09020502
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Current assets
Debtors 5 100 100
Cash at bank and in hand 8,155 20,356
8,255 20,456
Creditors: amounts falling due within one year 6 (484,182) (477,337)
Net current liabilities (475,927) (456,881)
Net liabilities (475,927) (456,881)
Capital and reserves
Called up share capital 100 100
Profit and loss account (476,027) (456,981)
Shareholders' funds (475,927) (456,881)
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.
Heather Richards
Director
Approved by the board on 9 September 2024
Sano School of Culinary Medicine Limited
Notes to the Accounts
for the year ended 31 December 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.
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 evenly over its expected useful life, as follows:
Plant and machinery over 3 years
Software and App Development over 3 years
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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 2
3 Intangible fixed assets £
Software development
Cost
At 1 January 2023 122,424
At 31 December 2023 122,424
Amortisation
At 1 January 2023 122,424
At 31 December 2023 122,424
Net book value
At 31 December 2023 -
4 Tangible fixed assets
Plant & Machinery
£
Cost
At 1 January 2023 1,263
At 31 December 2023 1,263
Depreciation
At 1 January 2023 1,263
At 31 December 2023 1,263
Net book value
At 31 December 2023 -
5 Debtors 2023 2022
£ £
Other debtors 100 100
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 36
Taxation and social security costs - 118
Other creditors 484,182 477,183
484,182 477,337
7 Controlling party
There is not considered to be one ultimate controlling party.
8 Other information
Sano School of Culinary Medicine Limited is a private company limited by shares and incorporated in England. Its registered office is:
7 Bell Yard
London
WC2A 2JR
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