THE SOCIAL SUPERMARKET LTD

THE SOCIAL SUPERMARKET LTD - Company Information

2022-04-012023-03-312023-03-31false11548215THE SOCIAL SUPERMARKET LTD2023-07-17iso4217:GBPxbrli:pure115482152022-04-01115482152023-03-31115482152022-04-012023-03-31115482152021-04-01115482152022-03-31115482152021-04-012022-03-3111548215bus:SmallEntities2022-04-012023-03-3111548215bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3111548215bus:AbridgedAccounts2022-04-012023-03-3111548215bus:PrivateLimitedCompanyLtd2022-04-012023-03-3111548215core:WithinOneYear2023-03-3111548215core:AfterOneYear2023-03-3111548215core:WithinOneYear2022-03-3111548215core:AfterOneYear2022-03-3111548215core:ShareCapital2023-03-3111548215core:SharePremium2023-03-3111548215core:RevaluationReserve2023-03-3111548215core:OtherReservesSubtotal2023-03-3111548215core:RetainedEarningsAccumulatedLosses2023-03-3111548215core:ShareCapital2022-03-3111548215core:SharePremium2022-03-3111548215core:RevaluationReserve2022-03-3111548215core:OtherReservesSubtotal2022-03-3111548215core:RetainedEarningsAccumulatedLosses2022-03-3111548215core:LandBuildings2023-03-3111548215core:PlantMachinery2023-03-3111548215core:Vehicles2023-03-3111548215core:FurnitureFittings2023-03-3111548215core:OfficeEquipment2023-03-3111548215core:NetGoodwill2023-03-3111548215core:IntangibleAssetsOtherThanGoodwill2023-03-3111548215core:ListedExchangeTraded2023-03-3111548215core:UnlistedNon-exchangeTraded2023-03-3111548215core:LandBuildings2022-03-3111548215core:PlantMachinery2022-03-3111548215core:Vehicles2022-03-3111548215core:FurnitureFittings2022-03-3111548215core:OfficeEquipment2022-03-3111548215core:NetGoodwill2022-03-3111548215core:IntangibleAssetsOtherThanGoodwill2022-03-3111548215core:ListedExchangeTraded2022-03-3111548215core:UnlistedNon-exchangeTraded2022-03-3111548215core:LandBuildings2022-04-012023-03-3111548215core:PlantMachinery2022-04-012023-03-3111548215core:Vehicles2022-04-012023-03-3111548215core:FurnitureFittings2022-04-012023-03-3111548215core:OfficeEquipment2022-04-012023-03-3111548215core:NetGoodwill2022-04-012023-03-3111548215core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3111548215core:ListedExchangeTraded2022-04-012023-03-3111548215core:UnlistedNon-exchangeTraded2022-04-012023-03-3111548215core:MoreThanFiveYears2022-04-012023-03-3111548215core:Non-currentFinancialInstruments2023-03-3111548215core:Non-currentFinancialInstruments2022-03-3111548215dpl:CostSales2022-04-012023-03-3111548215dpl:DistributionCosts2022-04-012023-03-3111548215dpl:AdministrativeExpenses2022-04-012023-03-3111548215core:LandBuildings2022-04-012023-03-3111548215core:PlantMachinery2022-04-012023-03-3111548215core:Vehicles2022-04-012023-03-3111548215core:FurnitureFittings2022-04-012023-03-3111548215core:OfficeEquipment2022-04-012023-03-3111548215core:NetGoodwill2022-04-012023-03-3111548215core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3111548215dpl:GroupUndertakings2022-04-012023-03-3111548215dpl:ParticipatingInterests2022-04-012023-03-3111548215dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3111548215core:ListedExchangeTraded2022-04-012023-03-3111548215dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3111548215core:UnlistedNon-exchangeTraded2022-04-012023-03-3111548215dpl:CostSales2021-04-012022-03-3111548215dpl:DistributionCosts2021-04-012022-03-3111548215dpl:AdministrativeExpenses2021-04-012022-03-3111548215core:LandBuildings2021-04-012022-03-3111548215core:PlantMachinery2021-04-012022-03-3111548215core:Vehicles2021-04-012022-03-3111548215core:FurnitureFittings2021-04-012022-03-3111548215core:OfficeEquipment2021-04-012022-03-3111548215core:NetGoodwill2021-04-012022-03-3111548215core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3111548215dpl:GroupUndertakings2021-04-012022-03-3111548215dpl:ParticipatingInterests2021-04-012022-03-3111548215dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3111548215core:ListedExchangeTraded2021-04-012022-03-3111548215dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3111548215core:UnlistedNon-exchangeTraded2021-04-012022-03-3111548215core:NetGoodwill2023-03-3111548215core:IntangibleAssetsOtherThanGoodwill2023-03-3111548215core:LandBuildings2023-03-3111548215core:PlantMachinery2023-03-3111548215core:Vehicles2023-03-3111548215core:FurnitureFittings2023-03-3111548215core:OfficeEquipment2023-03-3111548215core:AfterOneYear2023-03-3111548215core:WithinOneYear2023-03-3111548215core:ListedExchangeTraded2023-03-3111548215core:UnlistedNon-exchangeTraded2023-03-3111548215core:ShareCapital2023-03-3111548215core:SharePremium2023-03-3111548215core:RevaluationReserve2023-03-3111548215core:OtherReservesSubtotal2023-03-3111548215core:RetainedEarningsAccumulatedLosses2023-03-3111548215core:NetGoodwill2022-03-3111548215core:IntangibleAssetsOtherThanGoodwill2022-03-3111548215core:LandBuildings2022-03-3111548215core:PlantMachinery2022-03-3111548215core:Vehicles2022-03-3111548215core:FurnitureFittings2022-03-3111548215core:OfficeEquipment2022-03-3111548215core:AfterOneYear2022-03-3111548215core:WithinOneYear2022-03-3111548215core:ListedExchangeTraded2022-03-3111548215core:UnlistedNon-exchangeTraded2022-03-3111548215core:ShareCapital2022-03-3111548215core:SharePremium2022-03-3111548215core:RevaluationReserve2022-03-3111548215core:OtherReservesSubtotal2022-03-3111548215core:RetainedEarningsAccumulatedLosses2022-03-3111548215core:NetGoodwill2021-04-0111548215core:IntangibleAssetsOtherThanGoodwill2021-04-0111548215core:LandBuildings2021-04-0111548215core:PlantMachinery2021-04-0111548215core:Vehicles2021-04-0111548215core:FurnitureFittings2021-04-0111548215core:OfficeEquipment2021-04-0111548215core:AfterOneYear2021-04-0111548215core:WithinOneYear2021-04-0111548215core:ListedExchangeTraded2021-04-0111548215core:UnlistedNon-exchangeTraded2021-04-0111548215core:ShareCapital2021-04-0111548215core:SharePremium2021-04-0111548215core:RevaluationReserve2021-04-0111548215core:OtherReservesSubtotal2021-04-0111548215core:RetainedEarningsAccumulatedLosses2021-04-0111548215core:AfterOneYear2022-04-012023-03-3111548215core:WithinOneYear2022-04-012023-03-3111548215core:Non-currentFinancialInstrumentscore:CostValuation2022-04-012023-03-3111548215core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-04-012023-03-3111548215core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-04-012023-03-3111548215core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-04-012023-03-3111548215core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-04-012023-03-3111548215core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-04-012023-03-3111548215core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3111548215core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3111548215core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3111548215core:Non-currentFinancialInstrumentscore:CostValuation2023-03-3111548215core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-3111548215core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-3111548215core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-3111548215core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3111548215core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-3111548215core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-3111548215core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-3111548215core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-3111548215core:Non-currentFinancialInstrumentscore:CostValuation2022-03-3111548215core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-03-3111548215core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-03-3111548215core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-03-3111548215core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-03-3111548215core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-03-3111548215core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-03-3111548215core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-03-3111548215core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-03-3111548215bus:Director12022-04-012023-03-3111548215bus:Director22022-04-012023-03-3111548215bus:Director32022-04-012023-03-31

Registered Number
11548215
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

THE SOCIAL SUPERMARKET LTD

Company Information
for the year from 1 April 2022 to 31 March 2023


Directors	DABELL, Matthew Charles
	OWEN, Alexander Charles
	PALMER, James Rennie Nicol


Registered Address	37 Burghley Road
	London
	NW5 1UG


Registered Number	11548215 (England and Wales)

THE SOCIAL SUPERMARKET LTD

Balance Sheet as at
31 March 2023

	Notes	2023		2022
		£	£	£	£
Fixed assets
Tangible assets	6		6,108		6,177
			6,108		6,177
Current assets
Stocks		134,940		463,284
Debtors		152,493		145,073
Cash at bank and on hand		90,004		92,209
		377,437		700,566
Creditors amounts falling due within one year	8	(282,527)		(260,357)
Net current assets (liabilities)			94,910		440,209
Total assets less current liabilities			101,018		446,386
Creditors amounts falling due after one year			(126,338)		(305,844)
Net assets			(25,320)		140,542
Capital and reserves
Called up share capital			118		118
Share premium			449,981		449,981
Profit and loss account			(475,419)		(309,557)
Shareholders' funds			(25,320)		140,542

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 17 July 2023, and are signed on its behalf by:

OWEN, Alexander Charles
Director
Registered Company No. 11548215

THE SOCIAL SUPERMARKET LTD

Notes to the Financial Statements
for the year ended 31 March 2023

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Principal activities
	The principal activity of the company during the period was the sale of ethically sourced goods

4.	Accounting policies

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Plant and machinery	4

	Stocks policy
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Revenue recognition policy
	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.

Revenue recognition policy

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.

	Deferred tax policy
	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.

Deferred tax policy

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.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

5.	Employee information


		2023		2022
	Average number of employees during the year	7		6

6.	Property, plant and equipment

		Total
		£
	Cost or valuation
	At 01 April 22	8,311
	Additions	1,795
	At 31 March 23	10,106
	Depreciation and impairment
	At 01 April 22	2,135
	Charge for year	1,863
	At 31 March 23	3,999
	Net book value
	At 31 March 23	6,108
	At 31 March 22	6,177

7.	Debtors within one year

	2023	2022
	£	£
Trade debtors / trade receivables	118,837	136,088
Other debtors	32,300	8,985
Prepayments and accrued income	1,356	-
Total	152,493	145,073


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

8.	Creditors within one year

	2023	2022
	£	£
Trade creditors / trade payables	182,151	182,815
Bank borrowings and overdrafts	364	753
Taxation and social security	36,596	33,400
Other creditors	62,617	43,389
Accrued liabilities and deferred income	799	-
Total	282,527	260,357


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.