5 false false false false false false false false false true false false false false false false No description of principal activity 2023-03-01 Sage Accounts Production Advanced 2021 - FRS102_2021 25,468 5,094 4,075 9,169 16,299 20,374 xbrli:pure xbrli:shares iso4217:GBP NI685656 2023-03-01 2024-02-29 NI685656 2024-02-29 NI685656 2023-02-28 NI685656 2022-03-01 2023-02-28 NI685656 2023-02-28 NI685656 core:FurnitureFittings 2023-03-01 2024-02-29 NI685656 bus:Director1 2023-03-01 2024-02-29 NI685656 core:FurnitureFittings 2023-02-28 NI685656 core:FurnitureFittings 2024-02-29 NI685656 core:WithinOneYear 2024-02-29 NI685656 core:WithinOneYear 2023-02-28 NI685656 core:ShareCapital 2024-02-29 NI685656 core:ShareCapital 2023-02-28 NI685656 core:RetainedEarningsAccumulatedLosses 2024-02-29 NI685656 core:RetainedEarningsAccumulatedLosses 2023-02-28 NI685656 core:FurnitureFittings 2023-02-28 NI685656 bus:SmallEntities 2023-03-01 2024-02-29 NI685656 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 NI685656 bus:FullAccounts 2023-03-01 2024-02-29 NI685656 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 NI685656 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29
COMPANY REGISTRATION NUMBER: NI685656
Scoop & Cup Ltd
Filleted Unaudited Financial Statements
29 February 2024
Scoop & Cup Ltd
Statement of Financial Position
29 February 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
16,299
20,374
Current assets
Stocks
4,151
2,422
Cash at bank and in hand
6,288
1,143
--------
-------
10,439
3,565
Creditors: amounts falling due within one year
6
36,571
29,492
--------
--------
Net current liabilities
26,132
25,927
--------
--------
Total assets less current liabilities
( 9,833)
( 5,553)
Provisions
Taxation including deferred tax
( 1,914)
( 1,101)
-------
-------
Net liabilities
( 7,919)
( 4,452)
-------
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 8,019)
( 4,552)
-------
-------
Shareholders deficit
( 7,919)
( 4,452)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Scoop & Cup Ltd
Statement of Financial Position (continued)
29 February 2024
These financial statements were approved by the board of directors and authorised for issue on 16 April 2024 , and are signed on behalf of the board by:
Miss Aimee Millar
Director
Company registration number: NI685656
Scoop & Cup Ltd
Notes to the Financial Statements
Year ended 29 February 2024
1. General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 47 Seein Road, Sion Mills, Strabane, Co.Tyrone, BT82 9NJ, Northern Ireland.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2023: 7 ).
5. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 March 2023 and 29 February 2024
25,468
25,468
--------
--------
Depreciation
At 1 March 2023
5,094
5,094
Charge for the year
4,075
4,075
--------
--------
At 29 February 2024
9,169
9,169
--------
--------
Carrying amount
At 29 February 2024
16,299
16,299
--------
--------
At 28 February 2023
20,374
20,374
--------
--------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
2,549
2,172
Social security and other taxes
732
Other creditors
34,022
26,588
--------
--------
36,571
29,492
--------
--------
7. Director's advances, credits and guarantees
During the year the director provided loans to the company totalling £7,460 while cash withdrawn from the company by the director totalled £26. The balance owed by the company at 29 February 2024 was £34,022 (2023: £26,588).