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Registered Number: 09329267


 

 

 

GROUNDED COFFEE COMPANY LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 December 2021

End date: 30 November 2022
 
 
Notes
 
2022
£
  2021
£
Fixed assets      
Intangible fixed assets 3 3,628    3,628 
Tangible fixed assets 4 267,062    126,570 
270,690    130,198 
Current assets      
Stocks 8,750    3,620 
Debtors 228,454    80,000 
Cash at bank and in hand 60,395    267,681 
297,599    351,301 
Creditors: amount falling due within one year (333,047)   (282,021)
Net current liabilities (35,448)   69,280 
 
Total assets less current liabilities 235,242    199,478 
Net assets 235,242    199,478 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 235,142    199,378 
Shareholder's funds 235,242    199,478 
 


For the year ended 30 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 11 January 2023 and were signed on its behalf by:


-------------------------------
Smail Belhouari
Director
1
General Information
GROUNDED COFFEE COMPANY LIMITED is a private company, limited by shares, registered in , registration number 09329267, registration address 9 WHITECHAPEL ROAD, LONDON E1 1DU, LONDON, E1 1DU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 0 Reducing Balance
Plant and Machinery 20 Reducing Balance
Fixtures and Fittings 20 Reducing Balance
Computer Equipment 20 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 35 (2021 : 38).
3.

Intangible fixed assets

Cost Trade Mark   Total
  £   £
At 01 December 2021 3,628    3,628 
Additions  
Disposals  
At 30 November 2022 3,628    3,628 
Amortisation
At 01 December 2021  
Charge for year  
On disposals  
At 30 November 2022  
Net book values
At 30 November 2022 3,628    3,628 
At 30 November 2021 3,628    3,628 


4.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 December 2021 33,815    42,397    110,128    24,784    211,124 
Additions 40,451      148,240      188,691 
Disposals        
At 30 November 2022 74,266    42,397    258,368    24,784    399,815 
Depreciation
At 01 December 2021   32,263    40,864    11,427    84,554 
Charge for year   2,027    43,501    2,671    48,199 
On disposals        
At 30 November 2022   34,290    84,365    14,098    132,753 
Net book values
Closing balance as at 30 November 2022 74,266    8,107    174,003    10,686    267,062 
Opening balance as at 01 December 2021 33,815    10,134    69,264    13,357    126,570 


2