Amy's Pantry Ltd Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 11965870

Amy's Pantry Ltd

Filleted Unaudited Financial Statements

30 April 2022

Amy's Pantry Ltd

Financial Statements

Year ended 30 April 2022

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Amy's Pantry Ltd

Statement of Financial Position

30 April 2022

	2022		2021
Note	£	£	£

Fixed assets

Tangible assets	5		21,460	12,776

Current assets

Stocks		7,157	3,667
Debtors	6	9,796	6,384
Cash at bank and in hand		42,279	28,776
		--------	--------
		59,232	38,827

Creditors: amounts falling due within one year	7	45,063		7,790
		--------		--------
Net current assets			14,169	31,037
			--------	--------
Total assets less current liabilities			35,629	43,813

Creditors: amounts falling due after more than one year	8	24,301	29,867
		--------	--------
Net assets		11,328	13,946
		--------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	11,228	13,846
	--------	--------
Shareholders funds	11,328	13,946
	--------	--------

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 income and retained earnings has not been delivered.

For the year ending 30 April 2022 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 .

Amy's Pantry Ltd

Statement of Financial Position (continued)

30 April 2022

These financial statements were approved by the board of directors and authorised for issue on 10 October 2022 , and are signed on behalf of the board by:

A K Saunders
Director

Company registration number: 11965870

Amy's Pantry Ltd

Notes to the Financial Statements

Year ended 30 April 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 East Cross, Tenterden, TN30 6AD, United Kingdom.

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.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

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	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

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.

Government grants

Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 13 (2021: 9 ).

5. Tangible assets

	Fixtures and fittings	Total
	£	£
Cost
At 1 May 2021	18,098	18,098
Additions	12,820	12,820
	--------	--------
At 30 April 2022	30,918	30,918
	--------	--------
Depreciation
At 1 May 2021	5,322	5,322
Charge for the year	4,136	4,136
	--------	--------
At 30 April 2022	9,458	9,458
	--------	--------
Carrying amount
At 30 April 2022	21,460	21,460
	--------	--------
At 30 April 2021	12,776	12,776
	--------	--------

6. Debtors

	2022	2021
	£	£
Other debtors	9,796	6,384
	-------	-------

7. Creditors: amounts falling due within one year

	2022	2021
	£	£
Bank loans and overdrafts	6,123	2,133
Trade creditors	15,850	1,707
Corporation tax	6,588	–
Social security and other taxes	12,304	–
Other creditors	4,198	3,950
	--------	-------
	45,063	7,790
	--------	-------

8. Creditors: amounts falling due after more than one year

	2022	2021
	£	£
Bank loans and overdrafts	24,301	29,867
	--------	--------

9. Related party transactions

At the year end the company owed the director £190 (2021: £890).