Registered number
10247672
Triple Co Roast Ltd
Accounts
For the Year ended
30 June 2023
Oakensen
Chartered Accountants
Unit 2 Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE
Triple Co Roast Ltd
Registered number: 10247672
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 129,930 87,220
Current assets
Stocks 36,399 -
Debtors 4 58,556 53,766
Cash at bank and in hand 230,235 150,406
325,190 204,172
Creditors: amounts falling due within one year 5 (83,684) (51,708)
Net current assets 241,506 152,464
Total assets less current liabilities 371,436 239,684
Creditors: amounts falling due after more than one year 6 (30,539) (59,107)
Net assets 340,897 180,577
Capital and reserves
Called up share capital 100 100
Profit and loss account 340,797 180,477
Shareholder's funds 340,897 180,577
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J M M Thompson
Director
Approved by the board on 23 November 2023
Triple Co Roast Ltd
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is recognised at the point of sale.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and fittings 10 years
Office equipment 3 years
Plant and machinery 10 years
Motor vehicles 5 years
Debtors
Short term debtors are measured at transaction price, which is usually the invoice price, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price, which is usually the invoice price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 4
3 Tangible fixed assets
Office equipment Plant and machinery Motor vehicles Total
£ £ £ £
Cost
At 1 July 2022 13,102 97,542 17,000 127,644
Additions 850 80,427 12,033 93,310
Disposals - (45,415) (4,900) (50,315)
At 30 June 2023 13,952 132,554 24,133 170,639
Depreciation
At 1 July 2022 4,241 27,423 8,760 40,424
Charge for the year 1,572 13,264 4,827 19,663
On disposals - (15,458) (3,920) (19,378)
At 30 June 2023 5,813 25,229 9,667 40,709
Net book value
At 30 June 2023 8,139 107,325 14,466 129,930
At 30 June 2022 8,861 70,119 8,240 87,220
4 Debtors 2023 2022
£ £
Trade debtors 56,623 52,296
Other debtors 1,933 1,470
58,556 53,766
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,000 10,684
Trade creditors 22,656 -
Taxation and social security costs 44,366 36,237
Other creditors 6,662 4,787
83,684 51,708
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 19,166 29,166
Other creditors 11,373 29,941
30,539 59,107
7 Related party transactions
Included in creditors due after one year is an amount of £1,473 (2022: £29,941) due to the director.
8 Other information
Triple Co Roast Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 12 Montpelier Central
Station Road
Bristol
BS6 5EE
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