Season Cookshop Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 05591282 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

SEASON COOKSHOP LIMITED

T/A

SEASON COOKSHOP

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J Elsdale

Mr J M Moran

SECRETARY:

Mr B S Elsdale

REGISTERED OFFICE:

166 West End Lane

London

NW6 1SD

REGISTERED NUMBER:

05591282 (England and Wales)

ACCOUNTANTS:

ADJ Business Solutions Limited

10 Coldbath Square

London

EC1R 5HL

FIXED ASSETS

Tangible assets

4

59,001

71,612

CURRENT ASSETS

Stocks

419,045

436,782

Debtors

5

166,322

137,309

Cash at bank

24,450

101,514

609,817

675,605

CREDITORS

Amounts falling due within one year

6

(397,953

)

(287,757

)

NET CURRENT ASSETS

211,864

387,848

TOTAL ASSETS LESS CURRENT LIABILITIES

270,865

459,460

CREDITORS

Amounts falling due after more than one year

7

(217,823

)

(269,168

)

PROVISIONS FOR LIABILITIES

(13,606

)

(13,606

)

NET ASSETS

39,436

176,686

CAPITAL AND RESERVES

Called up share capital

100

102

Retained earnings

39,336

176,584

SHAREHOLDERS' FUNDS

39,436

176,686

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2023 and were signed on its behalf by:

Mr J M Moran - Director

1.	STATUTORY INFORMATION

Season Cookshop Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on reducing balance, 15% on reducing balance and in accordance with the property

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The Company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2022 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2022

and 31 January 2023

126,140

DEPRECIATION

At 1 February 2022

54,528

Charge for year

12,611

At 31 January 2023

67,139

NET BOOK VALUE

At 31 January 2023

59,001

At 31 January 2022

71,612

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.23

31.1.22

£

£

Trade debtors

50,018

4,113

Amounts owed by associated undertakings

88,731

104,501

Other debtors

27,573

28,695

166,322

137,309

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.23

31.1.22

£

£

Bank loans and overdrafts

51,345

47,471

Trade creditors

195,550

44,616

Taxation and social security

64,484

109,505

Other creditors

86,574

86,165

397,953

287,757

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.23

31.1.22

£

£

Bank loans

217,823

269,168

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

42,802