Company Registration No. SC565544 (Scotland)
Isle of Arran Coffee Company Ltd
Unaudited accounts
for the period from 1 April 2022 to 31 August 2023
Isle of Arran Coffee Company Ltd
Unaudited accounts
Contents
Isle of Arran Coffee Company Ltd
Company Information
for the period from 1 April 2022 to 31 August 2023
Directors
Joan Marie Alix Hitching
Sofia Zografia Pantazidou
Company Number
SC565544 (Scotland)
Registered Office
8 THE BRAE
LAMLASH
ISLE OF ARRAN
KA27 8NA
SCOTLAND
Isle of Arran Coffee Company Ltd
Statement of financial position
as at 31 August 2023
Tangible assets
3,548
22,887
Cash at bank and in hand
13,999
13,834
Creditors: amounts falling due within one year
5
(56,325)
Net current assets/(liabilities)
14,247
(36,576)
Net assets/(liabilities)
17,795
(13,689)
Called up share capital
2
2
Profit and loss account
17,793
(13,691)
Shareholders' funds
17,795
(13,689)
For the period ending 31 August 2023 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 November 2023 and were signed on its behalf by
Sofia Zografia Pantazidou
Director
Company Registration No. SC565544
Isle of Arran Coffee Company Ltd
Notes to the Accounts
for the period from 1 April 2022 to 31 August 2023
Isle of Arran Coffee Company Ltd is a private company, limited by shares, registered in Scotland, registration number SC565544. The registered office is 8 THE BRAE, LAMLASH, ISLE OF ARRAN, KA27 8NA, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Fixtures & fittings
25% Reducing balance
Computer equipment
25% Reducing balance
The directors have formed a judgement, at the time of approving the financial statements, that there is an expectation that the Company, with the support of its shareholders, has adequate resources to continue in operational existence for the foreseeable future being at least twelve months from the date of the financial statements. For this reason, they continue to adopt the going concern basis in preparing the financial statements as set out in the going concern section of the Directors' Report.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
37,530
5,790
975
44,295
Disposals
(33,330)
(2,441)
-
(35,771)
At 31 August 2023
4,200
3,349
975
8,524
At 1 April 2022
19,079
1,973
356
21,408
Charge for the period
837
890
219
1,946
On disposals
(17,241)
(1,137)
-
(18,378)
At 31 August 2023
2,675
1,726
575
4,976
At 31 August 2023
1,525
1,623
400
3,548
At 31 March 2022
18,451
3,817
619
22,887
Isle of Arran Coffee Company Ltd
Notes to the Accounts
for the period from 1 April 2022 to 31 August 2023
Amounts falling due within one year
Accrued income and prepayments
-
544
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
146
Loans from directors
(21)
55,924
7
Average number of employees
During the period the average number of employees was 1 (2022: 1).