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REGISTERED NUMBER: 09162549 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Laneway Coffee Ltd

Laneway Coffee Ltd (Registered number: 09162549)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Laneway Coffee Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTORS: M Gebbet
Ms M Pazzard





REGISTERED OFFICE: 77 High Street
Lee-On-The-Solent
Hampshire
PO13 9BU





REGISTERED NUMBER: 09162549 (England and Wales)





ACCOUNTANTS: Moss & Co (Direct Accounts) Limited
Rapley House
29 Creek Road
Hayling Island
Hampshire
PO11 9QZ

Laneway Coffee Ltd (Registered number: 09162549)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,847 9,611

CURRENT ASSETS
Stocks 988 809
Debtors 5 1,836 1,836
Cash at bank and in hand 23,886 23,164
26,710 25,809
CREDITORS
Amounts falling due within one year 6 52,893 52,535
NET CURRENT LIABILITIES (26,183 ) (26,726 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(18,336

)

(17,115

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 (18,436 ) (17,215 )
SHAREHOLDERS' FUNDS (18,336 ) (17,115 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Laneway Coffee Ltd (Registered number: 09162549)

Balance Sheet - continued
31 August 2023


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 7 November 2023 and were signed on its behalf by:




M Gebbet - Director



Ms M Pazzard - Director


Laneway Coffee Ltd (Registered number: 09162549)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Laneway Coffee Ltd 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.
Fixtures & equipment - 20% on reducing balance
Computer equipment - 25% on reducing balance

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

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.

Laneway Coffee Ltd (Registered number: 09162549)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures Computer
& equipment equipment Totals
£    £    £   
COST
At 1 September 2022 27,611 1,299 28,910
Additions 227 - 227
At 31 August 2023 27,838 1,299 29,137
DEPRECIATION
At 1 September 2022 18,459 840 19,299
Charge for year 1,876 115 1,991
At 31 August 2023 20,335 955 21,290
NET BOOK VALUE
At 31 August 2023 7,503 344 7,847
At 31 August 2022 9,152 459 9,611

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Other debtors 1,836 1,836

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Taxation and social security 2,609 -
Other creditors 50,284 52,535
52,893 52,535

Laneway Coffee Ltd (Registered number: 09162549)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 September 2022 (17,215 )
Deficit for the year (1,221 )
At 31 August 2023 (18,436 )

9. GOING CONCERN

The accounts have been prepared on a going concern with the company incurring a loss for the year ended 31st August 2023 of £1,221 (2022: £4,586) and there being a deficit on shareholders funds of £18,336 (2022: £17,115) at 31st August 2023.

There is a balance owed to directors of £49,684 at 31st August 2023 and they have undertaken to support the company in the foreseeable future until it becomes profitable.

Laneway Coffee Ltd

Report of the Accountants to the Directors of
Laneway Coffee Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2023 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Moss & Co (Direct Accounts) Limited
Rapley House
29 Creek Road
Hayling Island
Hampshire
PO11 9QZ


7 November 2023