Registered number
07435343
COCONUTTY LTD
Filleted Accounts
30 November 2023
COCONUTTY LTD
Registered number: 07435343
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Current assets
Stocks 2,110 2,938
Debtors 4 883 -
Cash at bank and in hand 2,364 2,925
5,357 5,863
Creditors: amounts falling due within one year 5 (3,022) (1,909)
Net current assets 2,335 3,954
Total assets less current liabilities 2,335 3,954
Creditors: amounts falling due after more than one year 6 (21,965) (22,523)
Net liabilities (19,630) (18,569)
Capital and reserves
Called up share capital 1 1
Profit and loss account (19,631) (18,570)
Shareholder's funds (19,630) (18,569)
The directors are 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 directors acknowledge their 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.
MATTHEW STOCKWELL
Director
Approved by the board on 16 February 2024
COCONUTTY LTD
Notes to the Accounts
for the year ended 30 November 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.
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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 4,045
At 30 November 2023 4,045
Depreciation
At 1 December 2022 4,045
At 30 November 2023 4,045
Net book value
At 30 November 2023 -
4 Debtors 2023 2022
£ £
Trade debtors 883 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 3,022 1,909
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 21,965 22,523
7 Controlling party
The company is controlled by the sole director by virtue of him owning the fully issued share capital.
8 Other information
COCONUTTY LTD is a private company limited by shares and incorporated in England. Its registered office is:
60 SANGSTER WAY
BRADFORD
BD5 8LQ
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