CUPS AND CAKES CIC

Company limited by guarantee

Company Registration Number:
14694396 (England and Wales)

Unaudited statutory accounts for the year ended 29 February 2024

Period of accounts

Start date: 28 February 2023

End date: 29 February 2024

CUPS AND CAKES CIC

Contents of the Financial Statements

for the Period Ended 29 February 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

CUPS AND CAKES CIC

Directors' report period ended 29 February 2024

The directors present their report with the financial statements of the company for the period ended 29 February 2024

Directors

The director shown below has held office during the period of
29 September 2023 to 29 February 2024

Gemma Harvey


The director shown below has held office during the period of
14 September 2023 to 29 February 2024

Nicole Berry


The directors shown below have held office during the period of
10 March 2023 to 29 February 2024

Stuart Chandler
Kelly Woods


The director shown below has held office during the period of
10 March 2023 to 5 April 2023

Nicole Berry


The director shown below has held office during the whole of the period from
28 February 2023 to 29 February 2024

Zoe Chandler


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
23 December 2024

And signed on behalf of the board by:
Name: Zoe Chandler
Status: Director

CUPS AND CAKES CIC

Balance sheet

As at 29 February 2024

Notes 2024


£
Fixed assets
Tangible assets: 3 1,888
Total fixed assets: 1,888
Current assets
Cash at bank and in hand: 2,704
Total current assets: 2,704
Creditors: amounts falling due within one year: 4 ( 2,496 )
Net current assets (liabilities): 208
Total assets less current liabilities: 2,096
Total net assets (liabilities): 2,096
Members' funds
Profit and loss account: 2,096
Total members' funds: 2,096

The notes form part of these financial statements

CUPS AND CAKES CIC

Balance sheet statements

For the year ending 29 February 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 23 December 2024
and signed on behalf of the board by:

Name: Zoe Chandler
Status: Director

The notes form part of these financial statements

CUPS AND CAKES CIC

Notes to the Financial Statements

for the Period Ended 29 February 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Rendering of services 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Plant & Machinery - 3 years straight line Fixtures & Fittings - 3 years straight line

    Other accounting policies

    Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current and deferred tax are recognised in surplus or deficit for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

CUPS AND CAKES CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 2. Employees

    2024
    Average number of employees during the period 0

CUPS AND CAKES CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 1,095 934 2,029
Disposals
Revaluations
Transfers
At 29 February 2024 1,095 934 2,029
Depreciation
Charge for year 89 52 141
On disposals
Other adjustments
At 29 February 2024 89 52 141
Net book value
At 29 February 2024 1,006 882 1,888

CUPS AND CAKES CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

4. Creditors: amounts falling due within one year note

2024
£
Taxation and social security 47
Other creditors 2,449
Total 2,496

COMMUNITY INTEREST ANNUAL REPORT

CUPS AND CAKES CIC

Company Number: 14694396 (England and Wales)

Year Ending: 29 February 2024

Company activities and impact

Cups & Cakes is a community cafe/safe space. Set up and run by people with ASD/ADHD to provide drinks and a monthly coffee morning for people to get together and receive support with issues such as SEND, LGBTq+, peer to peer support and a monthly gaming session

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
23 December 2024

And signed on behalf of the board by:
Name: Zoe Chandler
Status: Director