Registered number
05369318
Coffix Ltd
Filleted Accounts
28 February 2023
Coffix Ltd
Registered number: 05369318
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 29,354 35,216
Current assets
Stocks 41,238 37,159
Debtors 4 133,240 138,138
Cash at bank and in hand 61,209 66,190
235,687 241,487
Creditors: amounts falling due within one year 5 (142,283) (140,177)
Net current assets 93,404 101,310
Total assets less current liabilities 122,758 136,526
Provisions for liabilities (5,406) (6,500)
Net assets 117,352 130,026
Capital and reserves
Called up share capital 10,100 10,100
Profit and loss account 107,252 119,926
Shareholders' funds 117,352 130,026
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 members have 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.
G M James
Director
Approved by the board on 22 November 2023
Coffix Ltd
Notes to the Accounts
for the year ended 28 February 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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Motor vehicles over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments
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 16 16
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 March 2022 3,950 4,881 60,816 69,647
Additions - 10,095 - 10,095
At 28 February 2023 3,950 14,976 60,816 79,742
Depreciation
At 1 March 2022 2,963 3,751 27,717 34,431
Charge for the year 987 1,634 13,336 15,957
At 28 February 2023 3,950 5,385 41,053 50,388
Net book value
At 28 February 2023 - 9,591 19,763 29,354
At 28 February 2022 987 1,130 33,099 35,216
4 Debtors 2023 2022
£ £
Trade debtors 128,344 133,136
Other debtors 4,896 5,002
133,240 138,138
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 34,332 43,730
Trade creditors 42,022 47,763
Director's current account 15,367 310
Taxation and social security costs 49,933 39,440
Other creditors 629 8,934
142,283 140,177
35 Hill Lane Close
Markfield
Leicestershire
LE67 9PY
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