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REGISTERED NUMBER: SC589154 (Scotland)















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Kilted Coffee Ltd

Kilted Coffee Ltd (Registered number: SC589154)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kilted Coffee Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Mr P D Paterson





REGISTERED OFFICE: Cairnton
Yokieshill
Mintlaw
Peterhead
Aberdeenshire
AB42 5BX





REGISTERED NUMBER: SC589154 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

Kilted Coffee Ltd (Registered number: SC589154)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 324 378
Tangible assets 5 10,983 13,794
11,307 14,172

CURRENT ASSETS
Stocks 6,132 7,515
Debtors 6 3,267 3,783
Cash at bank 2,613 2,501
12,012 13,799
CREDITORS
Amounts falling due within one year 7 53,195 47,262
NET CURRENT LIABILITIES (41,183 ) (33,463 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(29,876

)

(19,291

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (29,976 ) (19,391 )
(29,876 ) (19,291 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Kilted Coffee Ltd (Registered number: SC589154)

Balance Sheet - continued
28 February 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 director and authorised for issue on 23 November 2023 and were signed by:





Mr P D Paterson - Director


Kilted Coffee Ltd (Registered number: SC589154)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Kilted Coffee Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

At 28 February 2023 the company's liabilities exceeded its total assets. The financial statements have been prepared on the going concern basis which assumes the company will continue in operational existence for the foreseeable future. The validity of this assumption is based on the continued support of the director and shareholders.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten 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
Computer equipment - 33% on cost

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 balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Kilted Coffee Ltd (Registered number: SC589154)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 March 2022
and 28 February 2023 540
AMORTISATION
At 1 March 2022 162
Amortisation for year 54
At 28 February 2023 216
NET BOOK VALUE
At 28 February 2023 324
At 28 February 2022 378

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 March 2022 26,434 2,581 29,015
Additions 167 539 706
At 28 February 2023 26,601 3,120 29,721
DEPRECIATION
At 1 March 2022 14,157 1,064 15,221
Charge for year 2,488 1,029 3,517
At 28 February 2023 16,645 2,093 18,738
NET BOOK VALUE
At 28 February 2023 9,956 1,027 10,983
At 28 February 2022 12,277 1,517 13,794

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 3,267 2,576
Other debtors - 1,207
3,267 3,783

Kilted Coffee Ltd (Registered number: SC589154)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 1,126 2,729
Taxation and social security 3,563 -
Other creditors 48,506 44,533
53,195 47,262

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
Mr P D Paterson
Balance outstanding at start of year (19,847 ) (13,363 )
Amounts advanced 2,488 329
Amounts repaid (8,892 ) (6,813 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (26,251 ) (19,847 )

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P D Paterson.