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Company Registration No. 08886778 (England and Wales)
Neighbourhood Coffee Company Ltd. Unaudited accounts for the year ended 30 September 2023
Neighbourhood Coffee Company Ltd. Unaudited accounts Contents
Page
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Neighbourhood Coffee Company Ltd. Company Information for the year ended 30 September 2023
Directors
Edward Peck Christopher Holloway
Company Number
08886778 (England and Wales)
Registered Office
UNIT 22 SANDON WAY LIVERPOOL L5 9YN ENGLAND
Accountants
Adams O'Rourke Accountants Ltd 436 Woolton Road Liverpool L25 6JQ
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Neighbourhood Coffee Company Ltd. Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
190,003 
200,068 
Current assets
Inventories
56,882 
90,254 
Debtors
142,938 
109,443 
Cash at bank and in hand
46,753 
44,204 
246,573 
243,901 
Creditors: amounts falling due within one year
(150,806)
(215,986)
Net current assets
95,767 
27,915 
Total assets less current liabilities
285,770 
227,983 
Creditors: amounts falling due after more than one year
(223,971)
(236,961)
Provisions for liabilities
Deferred tax
(36,102)
(38,013)
Net assets/(liabilities)
25,697 
(46,991)
Capital and reserves
Called up share capital
24 
24 
Profit and loss account
25,673 
(47,015)
Shareholders' funds
25,697 
(46,991)
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 March 2024 and were signed on its behalf by
Edward Peck Director Company Registration No. 08886778
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Neighbourhood Coffee Company Ltd. Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Neighbourhood Coffee Company Ltd. is a private company, limited by shares, registered in England and Wales, registration number 08886778. The registered office is UNIT 22, SANDON WAY, LIVERPOOL, L5 9YN, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance and 20% straight line
Fixtures & fittings
15% reducing balance
Computer equipment
33% straight line
Other tangible fixed assets
10% straight line and 20% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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Neighbourhood Coffee Company Ltd. Notes to the Accounts for the year ended 30 September 2023
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Prior period comparison
The P&L account figures included in these accounts represent the 18 month period to 30.09.2022, as the company year end changed to 30th September from 31st March on 11th May 2022.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2022
227,100 
20,197 
9,798 
257,095 
Additions
34,979 
273 
- 
35,252 
Disposals
(6,017)
(9,253)
(1,341)
(16,611)
At 30 September 2023
256,062 
11,217 
8,457 
275,736 
Depreciation
At 1 October 2022
40,876 
10,209 
5,942 
57,027 
Charge for the year
36,388 
1,103 
1,460 
38,951 
On disposals
(2,971)
(6,527)
(747)
(10,245)
At 30 September 2023
74,293 
4,785 
6,655 
85,733 
Net book value
At 30 September 2023
181,769 
6,432 
1,802 
190,003 
At 30 September 2022
186,224 
9,988 
3,856 
200,068 
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Neighbourhood Coffee Company Ltd. Notes to the Accounts for the year ended 30 September 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
7,884 
9,769 
Trade debtors
99,224 
72,888 
Accrued income and prepayments
23,350 
14,306 
Other debtors
12,480 
12,480 
142,938 
109,443 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
124,776 
155,936 
Other creditors
14,419 
14,467 
Loans from directors
10,611 
45,583 
Accruals
1,000 
- 
150,806 
215,986 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
223,971 
236,961 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Loan
- 
1,624 
1,624 
- 
- 
1,624 
1,624 
- 
Interest free loan, repayable on demand
9
Transactions with related parties
Loan to director provided at 0% interest and repayable on demand of £1,624.
10
Average number of employees
During the year the average number of employees was 11 (2022: 11).
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