Registered number

07497948

Pulp Friction Smoothie Bar CIC

Report and Accounts

31 January 2017
Pulp Friction Smoothie Bar CIC
Report and accounts
Contents

Page

Company information 1
Directors' report 2
Accountants' report 3
Profit and loss account 4
Balance sheet 5
Notes to the accounts 6
Pulp Friction Smoothie Bar CIC
Company Information

Directors
Jill Carter
Jessie Carter-Kay
Hayley Doody

Accountants
Wyntax Consultancy Services Limited
Sherwood Enterprise Centre
486 Mansfield Road
Nottingham
Nottinghamshire
NG5 2FB

Registered office
Sherwood Enterprise Centre
486 Mansfield Road
Nottingham
Nottinghamshire
NG5 2FB

Registered number
07497948

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Pulp Friction Smoothie Bar CIC
Registered number: 07497948
Directors' Report

The directors present their report and accounts for the year ended 31 January 2017.

Principal activities
The company's principal activity during the year continued to be working with adults with learning
disabilities.

Directors
The following persons served as directors during the year:

Jill Carter
Jessie Carter-Kay
Hayley Doody

Small company provisions

This report has been prepared in accordance with the provisions in Part 15 of the Companies Act
2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 29 March 2017 and signed on its behalf.

Jill Carter
Director

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Pulp Friction Smoothie Bar CIC
Accountants' Report

Accountants' report to the directors of

Pulp Friction Smoothie Bar CIC

You consider that the company is exempt from an audit for the year ended 31 January 2017. You
have acknowledged, on the balance sheet, your responsibilities for complying with the requirements
of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These responsibilities include preparing accounts that give a true and fair view of the state of affairs
of the company at the end of the financial year and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the accounts which comprise the Profit and
Loss Account, the Balance Sheet and the related notes from the accounting records of the
company and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently we do not express any
opinion on these accounts.

Wyntax Consultancy Services Limited

Accountants

Sherwood Enterprise Centre

486 Mansfield Road
Nottingham
Nottinghamshire
NG5 2FB

29 March 2017

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Pulp Friction Smoothie Bar CIC
Profit and Loss Account
for the year ended 31 January 2017

Notes 2017 2016

£ £

Turnover 48,672 17,441

Cost of sales (12,075) (8,591)

Gross profit 36,597 8,850

Administrative expenses (52,082) (23,065)

Other operating income 13,000 20,000

Operating (loss)/profit 2 (2,485) 5,785

(Loss)/profit on ordinary activities before taxation (2,485) 5,785

Tax on (loss)/profit on ordinary activities 3 (137) -

(Loss)/profit for the financial year (2,622) 5,785

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Pulp Friction Smoothie Bar CIC
Balance Sheet
as at 31 January 2017

Notes 2017 2016

£ £
Fixed assets
Tangible assets 4 9,770 13,027

Current assets
Debtors 5 2,448 -
Cash at bank and in hand 34,567 28,117
37,015 28,117

Creditors: amounts falling due

within one year 6 (28,489) (20,226)

Net current assets 8,526 7,891

Net assets 18,296 20,918

Capital and reserves

Capital redemption reserve 7 4,978 4,978
Profit and loss account 8 13,318 15,940

Shareholders' funds 18,296 20,918

The directors are satisfied that the company is entitled to exemption from the requirement to obtain
an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the
Act.
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.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies
Act 2006 applicable to companies subject to the small companies regime.

Jill Carter
Director
Approved by the board on 29 March 2017

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Pulp Friction Smoothie Bar CIC
Notes to the Accounts
for the year ended 31 January 2017

1 Accounting policies

Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents the value, net of discounts, of goods provided to customers and work carried
out in respect of services provided to customers. The Company is not registered for Vat.

Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their
estimated useful lives.

Fixtures and fittings 20% straight line

Motor vehicles 25% straight line

2 Operating profit 2017 2016

£ £
This is stated after charging:

Depreciation of owned fixed assets 3,257 3,257

3 Taxation 2017 2016

£ £

UK corporation tax 137 -

4 Tangible fixed assets

Fixtures Motor
and fittings vehicles Total
£ £ £
Cost
At 1 February 2016 26,736 13,000 39,736
At 31 January 2017 26,736 13,000 39,736

Depreciation
At 1 February 2016 13,709 13,000 26,709
Charge for the year 3,257 - 3,257
At 31 January 2017 16,966 13,000 29,966

Net book value

At 31 January 2017 9,770 - 9,770

At 31 January 2016 13,027 - 13,027

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Pulp Friction Smoothie Bar CIC
Notes to the Accounts
for the year ended 31 January 2017

5 Debtors 2017 2016

£ £

Trade debtors 2,448 -

6 Creditors: amounts falling due within one year 2017 2016

£ £

Bank loans and overdrafts - 3

Corporation tax 137 -
Other taxes and social security costs 502 162
Other creditors 27,850 20,061
28,489 20,226

7 Capital redemption reserve 2017

£

At 1 February 2016 4,978

At 31 January 2017 4,978

8 Profit and loss account 2017

£

At 1 February 2016 15,940

Loss for the year (2,622)

At 31 January 2017 13,318

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Pulp Friction Smoothie Bar CIC
Detailed profit and loss account
for the year ended 31 January 2017

2017 2016
£ £

Sales 48,672 17,441

Cost of sales (12,075) (8,591)

Gross profit 36,597 8,850

Administrative expenses (52,082) (23,065)

Other operating income 13,000 20,000

Operating (loss)/profit (2,485) 5,785

(Loss)/profit before tax (2,485) 5,785

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Pulp Friction Smoothie Bar CIC
Detailed profit and loss account
for the year ended 31 January 2017

2017 2016
£ £
Sales
Sales 48,672 17,441

Cost of sales
Purchases 6,382 3,030
Subcontractor costs 5,681 5,282
Other direct costs 12 279
12,075 8,591

Administrative expenses
Employee costs:
Wages and salaries 21,492 2,799
Directors' salaries 8,510 7,833
Employer's NI 125 -
Staff training and welfare 3,692 1,017
Travel and subsistence 1,022 581
Motor expenses 2,334 185
37,175 12,415
Premises costs:
Rent 4,030 3,516
Light and heat 517 10
Cleaning 75 19
Use of home 1,040 248
5,662 3,793
General administrative expenses:
Telephone and fax 407 142
Stationery and printing 12 111
Subscriptions 665 78
Insurance 646 608
Equipment expensed 388 14
Software 260 -
Repairs and maintenance 694 155
Depreciation 3,257 3,257
6,329 4,365
Legal and professional costs:
Accountancy fees 1,115 982
Consultancy fees 1,641 1,378
Advertising and PR 160 117
Other legal and professional - 15
2,916 2,492

52,082 23,065

Other operating income

Other operating income 13,000 20,000