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Registration number: SC584986

Arc Catering Ltd T/a Scrumalicious Cafe Ltd

trading as Scrumalicious Cafe Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

Arc Catering Ltd T/a Scrumalicious Cafe Ltd

trading as Scrumalicious Cafe Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 7

 

Arc Catering Ltd T/a Scrumalicious Cafe Ltd

trading as Scrumalicious Cafe Ltd

Company Information

Directors

Mrs Ruby Harcus Carson

Mr Allan Carson

Registered office

80 Provost Milne Grove
South Queensferry
EH30 9PL

Accountants

Deans Accountants And Business Advisors Ltd
27 North Bridge Street
Hawick
TD9 9BD

 

DEANS

Chartered Accountants

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Arc Catering Ltd T/a Scrumalicious Cafe Ltd trading as Scrumalicious Cafe Ltd for the Year Ended 31 January 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Arc Catering Ltd T/a Scrumalicious Cafe Ltd for the year ended 31 January 2024 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland (ICAS), we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/ethics/icas-code-of-ethics.

This report is made solely to the Board of Directors of Arc Catering Ltd T/a Scrumalicious Cafe Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Arc Catering Ltd T/a Scrumalicious Cafe Ltd and state those matters that we have agreed to state to the Board of Directors of Arc Catering Ltd T/a Scrumalicious Cafe Ltd, as a body, in this report in accordance with ICAS guidance (www.icas.com/accountsprep/guidance). To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Arc Catering Ltd T/a Scrumalicious Cafe Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Arc Catering Ltd T/a Scrumalicious Cafe Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Arc Catering Ltd T/a Scrumalicious Cafe Ltd. You consider that Arc Catering Ltd T/a Scrumalicious Cafe Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Arc Catering Ltd T/a Scrumalicious Cafe Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Deans Accountants And Business Advisors Ltd
27 North Bridge Street
Hawick
TD9 9BD

19 February 2024

 

Arc Catering Ltd T/a Scrumalicious Cafe Ltd

trading as Scrumalicious Cafe Ltd

(Registration number: SC584986)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

751

1,890

Current assets

 

Stocks

5

2,656

1,347

Cash at bank and in hand

 

45,918

32,603

 

48,574

33,950

Creditors: Amounts falling due within one year

6

(10,729)

(10,280)

Net current assets

 

37,845

23,670

Net assets

 

38,596

25,560

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

38,594

25,558

Shareholders' funds

 

38,596

25,560

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 February 2024 and signed on its behalf by:
 

.........................................
Mrs Ruby Harcus Carson
Director

.........................................
Mr Allan Carson
Director

 

Arc Catering Ltd T/a Scrumalicious Cafe Ltd

trading as Scrumalicious Cafe Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
80 Provost Milne Grove
South Queensferry
EH30 9PL
United Kingdom

The principal place of business is:
80 Provost Milne Grove
South Queensferry
EH30 9PL
United Kingdom

These financial statements were authorised for issue by the Board on 19 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company is not directly impacted by Brexit.

The company has suffered financially from the pandemic. Where appropriate, government support in the forms of grants and loans were used to mitigate the impact of lockdowns etc. The directors will continue to assess the impact of the pandemic and make decisions accordingly.

The accounts are presented in £GBP and are rounded to the nearest £1.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Sale of goods – Retail
Sale of goods are recognised on sale to the customer, which is considered the point of delivery. Retail sales are usually by cash, credit or payment card.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Arc Catering Ltd T/a Scrumalicious Cafe Ltd

trading as Scrumalicious Cafe Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment

33.3% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Arc Catering Ltd T/a Scrumalicious Cafe Ltd

trading as Scrumalicious Cafe Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 February 2023

3,415

3,415

At 31 January 2024

3,415

3,415

Depreciation

At 1 February 2023

1,525

1,525

Charge for the year

1,139

1,139

At 31 January 2024

2,664

2,664

Carrying amount

At 31 January 2024

751

751

At 31 January 2023

1,890

1,890

5

Stocks

2024
£

2023
£

Other inventories

2,656

1,347

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

3,794

4,169

Accruals and deferred income

400

400

Other creditors

6,535

5,711

10,729

10,280

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

         

8

Related party transactions

 

Arc Catering Ltd T/a Scrumalicious Cafe Ltd

trading as Scrumalicious Cafe Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Other transactions with directors

During the year the director loaned money to the company. At the year end the balance oustanding from the company was £6,535 (2023 - £ 5,581).