3 BEANS KITCHEN CIC
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
COMPANY REGISTRATION NUMBER: 13979913
COMPANY NUMBER: 13979913
3 BEANS KITCHEN CIC YEAR ENDED 31 MARCH 2023 CONTENTS PAGE
| PAGE | |
|---|---|
| Contents page | 1 |
| Directors report | 2 |
| Profit and loss account | 3 |
| Balance sheet | 4 |
| Notes to the accounts | 5 - 6 |
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COMPANY NUMBER: 13979913
3 BEANS KITCHEN CIC DIRECTORS REPORT FOR THE YEAR ENDED 31 MARCH 2023
DIRECTORS
The directors who have served during the year were as follows:
Neil Roberts Ramandeep Kaur The Northern Star Community Arts (company no 1097090) Jay Scarrott (resigned 31 March 2023)
The report of the directors has been prepared taking advantage of the small companies’ exemption of section 415A of the Companies Act 2006.
Signed on behalf of the board
Neil Roberts, Director 11 December 2023
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COMPANY NUMBER: 13979913
3 BEANS KITCHEN CIC PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023
| Turnover Other income Cost of raw materials and consumables Staff costs Other charges Tax Profit or Loss (-) |
31/03/2023 £ 59,041 126 20,424 - 50,746 - 2,771 - - 14,775 - |
|---|---|
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COMPANY NUMBER: 13979913
3 BEANS KITCHEN CIC BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2023
| Notes | 31/03/2023 | 31/03/2023 | ||
|---|---|---|---|---|
| £ | £ | |||
| Current assets | 1,239 | |||
| Prepayments and accrued income | - | |||
| Creditors : amounts falling due within one year | - | 15,539 |
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| Net current assets / (-) liabilities | - | 14,300 |
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| Total assets less current liabilities | - | 14,300 |
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| Creditors : amounts falling due after more than one year | - | |||
| Accruals and deferred income | - | 475 |
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| Total net assets / (-) liabilities | - | 14,775 |
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| Capital and reserves | - | 14,775 |
For the year ended 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
Directors Responsibilities:
-
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
Approved by the Board of directors and signed on behalf of the board
Neil Roberts, Director 11 December 2023
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COMPANY NUMBER: 13979913
3 BEANS KITCHEN CIC NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
1 ACCOUNTING POLICIES
BASIS OF PREPARATION OF THE FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The presentational currency of these financial statements is Sterling. All amounts have been rounded to the nearest £1.
The following accounting policies have been applied:
2 GOING CONCERN
The directors believe that there are no material uncertainties which may cast doubt on the company's ability to continue as a going concern. Accordingly the directors have concluded that it is appropriate to adopt the going concern basis in preparing the financial statements.
The directors believe that the company has sufficient resources to meet its obligations as they fall due for a period of not less than twelve months from the date at which these financial statements have been approved.
3 REVENUE
Turnover represents net invoiced sales of services, excluding value added tax.
4 CASH AND CASH EQUIVALENTS
Cash is represented within Current Assets and includes cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents (where applicable) are highly liquid investments that mature in no more than three months from the date of acquisition and that are easily convertible to known amounts of cash with insignificant risk of change in value.
5 CREDITORS
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, are measured subsequently at amortised cost using the effective interest method.
6 AVERAGE STAFFING
The average monthly number of employees, during the year was 3. This is the first reporting period.
7 COMPANY STATUS
The company is a private company limited by shares, there are 100 ordinary shares in issue at the nominal value of £1 each.
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COMPANY NUMBER: 13979913
3 BEANS KITCHEN CIC NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
8 OFF BALANCE SHEET ARRANGEMENTS
There are no off balance sheet arrangement as at the accounts approval date.
9 FINANCIAL COMMITMENTS
The company had no capital commitments as at the accounts approval date.
10 CONTINGENT LIABILITIES
The company had no contingent liabilities as at the accounts approval date.
11 DIRECTORS LOANS, ADVANCES AND GUARANTEES
The company received loans amounting to £10,016 from Northern Star Community Arts (company no 1097090) during the year. No repayments were made during this reporting period.
12 ADMINISTRATIVE INFORMATION
The registered office address for the company is as follows:
c/o Three Trees Community Centre Hedingham Grove Chelmsley Wood Birmingham B37 7TP
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