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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
Page
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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
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Isle of Arran Coffee Company Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,548 
22,887 
Current assets
Inventories
- 
4,281 
Debtors
243 
1,634 
Cash at bank and in hand
13,999 
13,834 
14,242 
19,749 
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)
Capital and reserves
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
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Isle of Arran Coffee Company Ltd Notes to the Accounts for the period from 1 April 2022 to 31 August 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Going concern
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 
Depreciation
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 
Net book value
At 31 August 2023
1,525 
1,623 
400 
3,548 
At 31 March 2022
18,451 
3,817 
619 
22,887 
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Isle of Arran Coffee Company Ltd Notes to the Accounts for the period from 1 April 2022 to 31 August 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
243 
355 
Trade debtors
- 
735 
Accrued income and prepayments
- 
544 
243 
1,634 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
- 
255 
Taxes and social security
- 
146 
Loans from directors
(21)
55,924 
Accruals
16 
- 
(5)
56,325 
7
Average number of employees
During the period the average number of employees was 1 (2022: 1).
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