Registered number
12161501
Tunbridge Wells Coffee Roastery Limited
Unaudited Filleted Accounts
31 August 2023
Tunbridge Wells Coffee Roastery Limited
Registered number: 12161501
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 26,019 25,133
Current assets
Stocks 4,099 3,290
Debtors 4 16,098 15,177
Cash at bank and in hand 53,712 38,716
73,909 57,183
Creditors: amounts falling due within one year 5 (13,415) (21,950)
Net current assets 60,494 35,233
Total assets less current liabilities 86,513 60,366
Creditors: amounts falling due after more than one year 6 (12,000) (12,000)
Provisions for liabilities (4,943) (4,775)
Net assets 69,570 43,591
Capital and reserves
Called up share capital 1 1
Profit and loss account 69,569 43,590
Shareholders' funds 69,570 43,591
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.
Mr P Sturdey
Director
Approved by the board on 12 March 2024
Tunbridge Wells Coffee Roastery Limited
Notes to the Accounts
for the year ended 31 August 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 includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. 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:
Plant and machinery over 5 years
Motor vehicles 25% reducing balance
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.
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. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous 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. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2022 25,923 14,600 40,523
Additions 10,425 - 10,425
At 31 August 2023 36,348 14,600 50,948
Depreciation
At 1 September 2022 11,132 4,258 15,390
Charge for the year 6,954 2,585 9,539
At 31 August 2023 18,086 6,843 24,929
Net book value
At 31 August 2023 18,262 7,757 26,019
At 31 August 2022 14,791 10,342 25,133
4 Debtors 2023 2022
£ £
Trade debtors 8,328 2,388
Director loan 5,807 9,910
Other debtors 1,963 2,879
16,098 15,177
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 12,575
Trade creditors 4,781 1,561
Taxation and social security costs 8,634 7,489
Other creditors - 325
13,415 21,950
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 12,000 12,000
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr P Sturdey
9,910 - 4,103 5,807
9,910 - 4,103 5,807
The Loan to the Director is non-interest bearing and repayable on demand
8 Other information
Tunbridge Wells Coffee Roastery Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Maisonette
64 High Street
Tunbridge Wells
Kent
TN1 1YB
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