Company Registration No. 13469182 (England and Wales)
Green Coffee Bean Limited
Unaudited accounts
for the year ended 30 June 2023
Green Coffee Bean Limited
Unaudited accounts
Contents
Green Coffee Bean Limited
Company Information
for the year ended 30 June 2023
Director
Andrew Chi-Jen Liu
Company Number
13469182 (England and Wales)
Registered Office
38 REGENCY PARK
WIDNES
WA8 9PH
ENGLAND
Accountants
Prosper Bailey Accountancy Ltd
Office 56 Bank Farm Buildings
Chester Road
Aldford
Cheshire
CH3 6HJ
Green Coffee Bean Limited
Statement of financial position
as at 30 June 2023
Intangible assets
67,625
67,625
Tangible assets
8,827
10,681
Cash at bank and in hand
47,692
90,690
Creditors: amounts falling due within one year
(81,235)
(127,893)
Net current liabilities
(26,334)
(31,455)
Called up share capital
1
1
Profit and loss account
50,117
46,850
Shareholders' funds
50,118
46,851
For the year ending 30 June 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 director acknowledges his 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 and authorised for issue on 30 March 2024 and were signed on its behalf by
Andrew Chi-Jen Liu
Director
Company Registration No. 13469182
Green Coffee Bean Limited
Notes to the Accounts
for the year ended 30 June 2023
Green Coffee Bean Limited is a private company, limited by shares, registered in England and Wales, registration number 13469182. The registered office is 38 REGENCY PARK, WIDNES, WA8 9PH, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Land & buildings
10% on cost
Plant & machinery
25% on reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Green Coffee Bean Limited
Notes to the Accounts
for the year ended 30 June 2023
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2022
4,579
30,386
-
34,965
At 30 June 2023
4,579
30,386
1,867
36,832
At 1 July 2022
2,288
21,996
-
24,284
Charge for the year
457
2,797
467
3,721
At 30 June 2023
2,745
24,793
467
28,005
At 30 June 2023
1,834
5,593
1,400
8,827
At 30 June 2022
2,291
8,390
-
10,681
Amounts falling due within one year
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
1,205
2,875
Taxes and social security
5,195
15,775
Loans from directors
54,881
86,879
Green Coffee Bean Limited
Notes to the Accounts
for the year ended 30 June 2023
8
Average number of employees
During the year the average number of employees was 13 (2022: 11).