Registered number
10203965
Social Espresso Ltd
Filleted Accounts
31 May 2024
Social Espresso Ltd
Registered number: 10203965
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 152,939 141,740
Current assets
Debtors 4 161,058 134,727
Cash at bank and in hand 160,928 103,096
321,986 237,823
Creditors: amounts falling due within one year 5 (149,646) (69,622)
Net current assets 172,340 168,201
Total assets less current liabilities 325,279 309,941
Creditors: amounts falling due after more than one year 6 (34,059) (66,864)
Provisions for liabilities (29,058) (23,930)
Net assets 262,162 219,147
Capital and reserves
Called up share capital 1 1
Profit and loss account 262,161 219,146
Shareholder's funds 262,162 219,147
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
J A Howells
Director
Approved by the board on 24 February 2025
Social Espresso Ltd
Notes to the Accounts
for the year ended 31 May 2024
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 5 years
Motor vehicles over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 5
3 Tangible fixed assets
Café Fixtures Plant and machinery Motor vehicles Total
£ £ £ £
Cost
At 1 June 2023 59,901 184,535 30,345 274,781
Additions (1,442) 52,987 - 51,545
At 31 May 2024 58,459 237,522 30,345 326,326
Depreciation
At 1 June 2023 - 115,488 17,553 133,041
Charge for the year - 37,148 3,198 40,346
At 31 May 2024 - 152,636 20,751 173,387
Net book value
At 31 May 2024 58,459 84,886 9,594 152,939
At 31 May 2023 59,901 69,047 12,792 141,740
4 Debtors 2024 2023
£ £
Trade debtors 89,245 83,516
Amounts owed by group undertakings and undertakings in which the company has a participating interest 45,236 49,721
Other debtors 26,577 1,490
161,058 134,727
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 6,944 6,944
Obligations under finance lease and hire purchase contracts 4,152 6,700
Trade creditors 57,883 16,368
Taxation and social security costs 68,176 38,050
Other creditors 12,491 1,560
149,646 69,622
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 26,864 33,797
Obligations under finance lease and hire purchase contracts 7,195 10,393
Other creditors - 22,674
34,059 66,864
7 Other information
Social Espresso Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 3 Gateway Business Centre
Tom Cribb Road
Woolwich
London
SE28 0EZ
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