SAFFRON KITCHEN CHESTERFIELD CIC

Company limited by guarantee

Company Registration Number:
14340515 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

SAFFRON KITCHEN CHESTERFIELD CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

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

SAFFRON KITCHEN CHESTERFIELD CIC

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal activities of the company

food distribution



Directors

The directors shown below have held office during the whole of the period from
1 April 2023 to 31 March 2024

P R Holmes
U Tripathy
S Wells


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
5 November 2024

And signed on behalf of the board by:
Name: P R Holmes
Status: Director

SAFFRON KITCHEN CHESTERFIELD CIC

Profit And Loss Account

for the Period Ended 31 March 2024

2024 7 months to 31 March 2023


£

£
Turnover: 28,644 15,059
Cost of sales: ( 42,255 ) ( 8,431 )
Gross profit(or loss): (13,611) 6,628
Administrative expenses: ( 11,314 ) ( 1,979 )
Other operating income: 23,345
Operating profit(or loss): (1,580) 4,649
Interest payable and similar charges: ( 158 )
Profit(or loss) before tax: (1,738) 4,649
Profit(or loss) for the financial year: (1,738) 4,649

SAFFRON KITCHEN CHESTERFIELD CIC

Balance sheet

As at 31 March 2024

Notes 2024 7 months to 31 March 2023


£

£
Fixed assets
Tangible assets: 3 1,799 892
Total fixed assets: 1,799 892
Current assets
Debtors: 4 182
Cash at bank and in hand: 10,600 5,281
Total current assets: 10,782 5,281
Creditors: amounts falling due within one year: 5 ( 10,316 ) ( 2,170 )
Net current assets (liabilities): 466 3,111
Total assets less current liabilities: 2,265 4,003
Total net assets (liabilities): 2,265 4,003
Members' funds
Profit and loss account: 2,265 4,003
Total members' funds: 2,265 4,003

The notes form part of these financial statements

SAFFRON KITCHEN CHESTERFIELD CIC

Balance sheet statements

For the year ending 31 March 2024 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 5 November 2024
and signed on behalf of the board by:

Name: P R Holmes
Status: Director

The notes form part of these financial statements

SAFFRON KITCHEN CHESTERFIELD CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 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, excluding discounts, rebates, value added tax and other sales taxes.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery etc - 25% on reducing balance

SAFFRON KITCHEN CHESTERFIELD CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 7 months to 31 March 2023
    Average number of employees during the period 1 0

SAFFRON KITCHEN CHESTERFIELD CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 1,189 1,189
Additions 1,270 1,270
Disposals
Revaluations
Transfers
At 31 March 2024 2,459 2,459
Depreciation
At 1 April 2023 297 297
Charge for year 363 363
On disposals
Other adjustments
At 31 March 2024 660 660
Net book value
At 31 March 2024 1,799 1,799
At 31 March 2023 892 892

SAFFRON KITCHEN CHESTERFIELD CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 7 months to 31 March 2023
£ £
Trade debtors 182
Total 182

SAFFRON KITCHEN CHESTERFIELD CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

2024 7 months to 31 March 2023
£ £
Taxation and social security 451 646
Other creditors 9,865 1,524
Total 10,316 2,170

COMMUNITY INTEREST ANNUAL REPORT

SAFFRON KITCHEN CHESTERFIELD CIC

Company Number: 14340515 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

Saffron Kitchen is the catering section of the Asian Association of Chesterfield & NE Derbyshire and as such we support directly, and indirectly, all of the community activities through that organisation. One of our main community provisions is the supply of fresh, nutritious meals to vulnerable and isolated members of the local community. Very often these are free or heavily discounted dependant upon need. We conduct cooking classes to a wide range of age groups including children so as to promote healthy diets, affordable lifestyles and reducing waste. The wider activities of the group include provision of warm space, access and signposting to health and wellbeing services working closely with the NHS, Education, Police, Chesterfield Council, NE Derbyshire DC and Derbyshire Council, to facilitate contact with marginalised individuals and families from all ethnic groups - very often the provision of a hot meal opens the door to this access. As local authorities cut facilities, we find demand for our services is ever increasing.

Consultation with stakeholders

No consultation with stakeholders

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
5 November 2024

And signed on behalf of the board by:
Name: P R Holmes
Status: Director