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REGISTERED NUMBER: 10167562 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Two Chimps Coffee Limited

Two Chimps Coffee Limited (Registered number: 10167562)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Two Chimps Coffee Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: A B Cross
Miss L J Shead





REGISTERED OFFICE: 8b Oakham Enterprise Park
Ashwell Road
Oakham
Rutland
LE15 7TU





REGISTERED NUMBER: 10167562 (England and Wales)





ACCOUNTANTS: CKBSS Ltd
61A South Street
Oakham
Rutland
LE156BG

Two Chimps Coffee Limited (Registered number: 10167562)

Statement of Financial Position
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,510 17,510
Tangible assets 5 52,620 56,773
70,130 74,283

CURRENT ASSETS
Stocks 45,275 39,109
Debtors 6 21,340 21,804
Cash at bank and in hand 17,300 11,948
83,915 72,861
CREDITORS
Amounts falling due within one year 7 119,241 128,608
NET CURRENT LIABILITIES (35,326 ) (55,747 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,804

18,536

PROVISIONS FOR LIABILITIES 9,465 10,786
NET ASSETS 25,339 7,750

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 25,337 7,748
25,339 7,750

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

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

Two Chimps Coffee Limited (Registered number: 10167562)

Statement of Financial Position - continued
31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by:




Miss L J Shead - Director



A B Cross - Director


Two Chimps Coffee Limited (Registered number: 10167562)

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

1. STATUTORY INFORMATION

Two Chimps Coffee Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% 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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Two Chimps Coffee Limited (Registered number: 10167562)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Website
£   
COST
At 1 June 2022
and 31 May 2023 17,510
NET BOOK VALUE
At 31 May 2023 17,510
At 31 May 2022 17,510

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 54,805 3,778 40,094 3,644 102,321
Additions 5,357 232 3,919 1,619 11,127
At 31 May 2023 60,162 4,010 44,013 5,263 113,448
DEPRECIATION
At 1 June 2022 31,001 2,355 10,024 2,168 45,548
Charge for year 5,833 331 8,497 619 15,280
At 31 May 2023 36,834 2,686 18,521 2,787 60,828
NET BOOK VALUE
At 31 May 2023 23,328 1,324 25,492 2,476 52,620
At 31 May 2022 23,804 1,423 30,070 1,476 56,773

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 15,356 11,955
Other debtors 5,984 9,849
21,340 21,804

Two Chimps Coffee Limited (Registered number: 10167562)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 12,291 8,037
Taxation and social security 1,538 -
Other creditors 105,412 120,571
119,241 128,608