Company Registration No. 11410202 (England and Wales)
51 Coffee Ltd
Unaudited accounts
for the period from 1 November 2022 to 31 December 2023
51 Coffee Ltd
Unaudited accounts
Contents
51 Coffee Ltd
Statement of financial position
as at 31 December 2023
Intangible assets
80,000
96,000
Tangible assets
32,508
39,214
Cash at bank and in hand
110,849
42,109
Creditors: amounts falling due within one year
(145,434)
(145,653)
Net current liabilities
(18,512)
(89,564)
Called up share capital
10,000
10,000
Capital redemption reserve
10,000
10,000
Profit and loss account
73,996
25,650
Shareholders' funds
93,996
45,650
For the period ending 31 December 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 her 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 8 April 2024 and were signed on its behalf by
Frances Parratt
Director
Company Registration No. 11410202
51 Coffee Ltd
Notes to the Accounts
for the period from 1 November 2022 to 31 December 2023
51 Coffee Ltd is a private company, limited by shares, registered in England and Wales, registration number 11410202. The registered office is 23 Trafalgar Road, Sheffield, South Yorkshire, S6 1JY.
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 period, 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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill - 10 Years Straight Line
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
15 Years Straight Line
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
4
Intangible fixed assets
Other
At 1 November 2022
160,000
At 31 December 2023
160,000
Charge for the period
16,000
At 31 December 2023
80,000
At 31 December 2023
80,000
51 Coffee Ltd
Notes to the Accounts
for the period from 1 November 2022 to 31 December 2023
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
15,000
21,158
50,000
86,158
At 31 December 2023
15,000
22,954
50,000
87,954
At 1 November 2022
4,000
8,764
34,180
46,944
Charge for the period
1,000
3,547
3,955
8,502
At 31 December 2023
5,000
12,311
38,135
55,446
At 31 December 2023
10,000
10,643
11,865
32,508
At 31 October 2022
11,000
12,394
15,820
39,214
Amounts falling due within one year
Accrued income and prepayments
3,266
5,841
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
10,990
15,127
Taxes and social security
26,015
13,372
Other creditors
108,429
117,154
8
Operating lease commitments
2023
2022
At 31 December 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
39,196
39,196
Later than one year and not later than five years
156,784
156,784
Later than five years
38,959
78,155
9
Average number of employees
During the period the average number of employees was 9 (2022: 9).