BRIDGES COFFEE SHOP CIC

Company limited by guarantee

Company Registration Number:
SC768849 (Scotland)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 10 May 2023

End date: 31 May 2024

BRIDGES COFFEE SHOP CIC

Contents of the Financial Statements

for the Period Ended 31 May 2024

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

BRIDGES COFFEE SHOP CIC

Profit And Loss Account

for the Period Ended 31 May 2024

13 months to 31 May 2024


£
Turnover: 55,092
Cost of sales: ( 38,312 )
Gross profit(or loss): 16,780
Administrative expenses: ( 13,224 )
Operating profit(or loss): 3,556
Profit(or loss) before tax: 3,556
Tax: ( 1,005 )
Profit(or loss) for the financial year: 2,551

BRIDGES COFFEE SHOP CIC

Balance sheet

As at 31 May 2024

Notes 13 months to 31 May 2024


£
Fixed assets
Tangible assets: 3 6,311
Total fixed assets: 6,311
Current assets
Debtors: 4 111
Cash at bank and in hand: 5,903
Total current assets: 6,014
Net current assets (liabilities): 6,014
Total assets less current liabilities: 12,325
Creditors: amounts falling due after more than one year: 5 ( 9,774 )
Total net assets (liabilities): 2,551
Members' funds
Profit and loss account: 2,551
Total members' funds: 2,551

The notes form part of these financial statements

BRIDGES COFFEE SHOP CIC

Balance sheet statements

For the year ending 31 May 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 12 February 2025
and signed on behalf of the board by:

Name: Stuart Carr
Status: Director

The notes form part of these financial statements

BRIDGES COFFEE SHOP CIC

Notes to the Financial Statements

for the Period Ended 31 May 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

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives; Plant and Machinery 25%SL

BRIDGES COFFEE SHOP CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    13 months to 31 May 2024
    Average number of employees during the period 4

BRIDGES COFFEE SHOP CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 8,046 8,046
Disposals
Revaluations
Transfers
At 31 May 2024 8,046 8,046
Depreciation
Charge for year 1,735 1,735
On disposals
Other adjustments
At 31 May 2024 1,735 1,735
Net book value
At 31 May 2024 6,311 6,311

BRIDGES COFFEE SHOP CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Debtors

13 months to 31 May 2024
£
Trade debtors 111
Total 111

BRIDGES COFFEE SHOP CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Creditors: amounts falling due after more than one year note

13 months to 31 May 2024
£
Other creditors 9,774
Total 9,774

COMMUNITY INTEREST ANNUAL REPORT

BRIDGES COFFEE SHOP CIC

Company Number: SC768849 (Scotland)

Year Ending: 31 May 2024

Company activities and impact

The company runs Bridges Coffee Shop, a small cafeteria in Kirriemuir, with a particular emphasis on providing a warm and welcoming space for local people and visitors alike. The coffee shop opened for business in August 2023. During the financial year 2023-2024, the coffee shop’s activities have benefited the community in the following ways: local residents (particularly those without access to cars and those with impaired mobility) have been able to meet for lunch or coffee and high quality food served in a friendly manner the coffee shop has been able to support the Kirriemuir Food Hub by purchasing produce and recommending them to customers. The premises have also been able to accommodate the instruments, music scores and general paperwork of the Forfar Brass Band at a reduced rent. We held a coffee morning for the Marie curie charity with all proceeds t going to the charity. the shop has provided part-time employment for 6 local residents

Consultation with stakeholders

The company’s stakeholders are residents of and visitors to coffee shop. The director of the CIC represents the Trustees of Strathmore Christian Fellowship and reports all activities and decisions to them. The opening of the coffee shop was their initiative and the cost of setting up the business with new equipment and improvements to the ventilation as well as a complete overhaul of the electrical installation were borne by SCF on the basis that the costs would be reimbursed to SCF by the coffee shop over time if the business is sufficiently profitable.

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
12 February 2025

And signed on behalf of the board by:
Name: Stuart Carr
Status: Director