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Company No: 10944627 (England and Wales)

PALLETS TEA AND COFFEE HOUSE LIMITED

Annual Report and Unaudited Financial Statements
For the financial year ended 31 October 2023

PALLETS TEA AND COFFEE HOUSE LIMITED

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

For the financial year ended 31 October 2023

Contents

PALLETS TEA AND COFFEE HOUSE LIMITED

COMPANY INFORMATION

For the financial year ended 31 October 2023
PALLETS TEA AND COFFEE HOUSE LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 October 2023
DIRECTOR Mr D Ide
REGISTERED OFFICE Davenport Hoult High Street
Beaulieu
Brockenhurst
SO42 7YA
United Kingdom
COMPANY NUMBER 10944627 (England and Wales)
ACCOUNTANT Lince Salibury (UK) Ltd
16-20 South street centre
Hythe
Southampton
SO45 6EB
United Kingdom
PALLETS TEA AND COFFEE HOUSE LIMITED

DIRECTOR'S REPORT

For the financial year ended 31 October 2023
PALLETS TEA AND COFFEE HOUSE LIMITED

DIRECTOR'S REPORT

For the financial year ended 31 October 2023

The director presents their report and the unaudited financial statements of the Company for the financial year ended 31 October 2023.

PRINCIPAL ACTIVITIES

The principal activity of the Company during the financial year was restaurants and cafes.

GOING CONCERN

The director has assessed the balance sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

DIRECTOR

The director, who served during the financial year and to the date of this report except as noted, was as follows:

Mr D Ide

This Director's Report has been prepared in accordance with the provisions applicable to companies entitled to the small companies' exemption.



Approved and signed on:

Mr D Ide
Director
Davenport Hoult High Street
Beaulieu
Brockenhurst
SO42 7YA
United Kingdom

25 July 2024

PALLETS TEA AND COFFEE HOUSE LIMITED

DIRECTOR'S RESPONSIBILITIES STATEMENT

For the financial year ended 31 October 2023
PALLETS TEA AND COFFEE HOUSE LIMITED

DIRECTOR'S RESPONSIBILITIES STATEMENT (continued)

For the financial year ended 31 October 2023

The director is responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless the director is satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that financial period.

In preparing these financial statements, the director is required to:
* Select suitable accounting policies and then apply them consistently;
* Make judgements and accounting estimates that are reasonable and prudent; and
* Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the Company’s transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable the director to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PALLETS TEA AND COFFEE HOUSE LIMITED

For the financial year ended 31 October 2023

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PALLETS TEA AND COFFEE HOUSE LIMITED (continued)

For the financial year ended 31 October 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pallets Tea and Coffee House Limited for the financial year ended 31 October 2023 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

It is your duty to ensure that Pallets Tea and Coffee House Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pallets Tea and Coffee House Limited. You consider that Pallets Tea and Coffee House Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Pallets Tea and Coffee House Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the director of Pallets Tea and Coffee House Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Pallets Tea and Coffee House Limited and state those matters that we have agreed to state to the director of Pallets Tea and Coffee House Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pallets Tea and Coffee House Limited and its director as a body for our work or for this report.

Lince Salibury (UK) Ltd
Accountant

16-20 South street centre
Hythe
Southampton
SO45 6EB
United Kingdom

25 July 2024

PALLETS TEA AND COFFEE HOUSE LIMITED

PROFIT AND LOSS ACCOUNT

For the financial year ended 31 October 2023
PALLETS TEA AND COFFEE HOUSE LIMITED

PROFIT AND LOSS ACCOUNT (continued)

For the financial year ended 31 October 2023
2023 2022
£ £
Turnover 464,307 446,376
Cost of raw materials and consumables ( 158,641) ( 153,211)
Staff Costs ( 229,774) ( 209,456)
Depreciation and other amounts written off assets ( 4,268) ( 4,568)
Other charges ( 65,983) ( 56,652)
Profit before taxation 5,641 22,489
Tax on profit ( 1,920) ( 3,234)
Profit for the financial year 3,721 19,255
PALLETS TEA AND COFFEE HOUSE LIMITED

BALANCE SHEET

As at 31 October 2023
PALLETS TEA AND COFFEE HOUSE LIMITED

BALANCE SHEET (continued)

For the financial year ended 31 October 2023
2023 2022
£ £
Fixed assets 12,831 17,099
Current assets 111,750 86,078
Creditors: amounts falling due within one year ( 42,924) ( 25,241)
Net current assets 68,826 60,837
Total assets less current liabilities 81,657 77,936
Accruals and deferred income ( 1,440) ( 1,440)
Net assets 80,217 76,496
Capital and reserves 80,217 76,496

For the financial year ending 31 October 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Pallets Tea and Coffee House Limited (registered number: 10944627) were approved and authorised for issue by the director on 25 July 2024 and were signed on its behalf by:

Mr D Ide
Director
PALLETS TEA AND COFFEE HOUSE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
PALLETS TEA AND COFFEE HOUSE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

For the For the financial year ended 31 October 2023

1. Company information

The Company is a private company limited by shares and is incorporated in the United Kingdom and registered in England and Wales (Company no. 10944627). The address of its registered office is Davenport Hoult High Street, Beaulieu, Brockenhurst, SO42 7YA, United Kingdom.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the financial year, including the director 28 15
PALLETS TEA AND COFFEE HOUSE LIMITED

DETAILED PROFIT AND LOSS ACCOUNT

For the financial year ended 31 October 2023
PALLETS TEA AND COFFEE HOUSE LIMITED

DETAILED PROFIT AND LOSS ACCOUNT (continued)

For the financial year ended 31 October 2023
2023 2022
£ £
Turnover
Sales 464,307 446,376
Cost of raw materials and consumables
Purchases ( 158,641) ( 153,211)
Staff Costs
Director's salary ( 29,786) 0
Pensions ( 7,597) ( 7,111)
Employers NI ( 37,966) ( 26,745)
Staff training and welfare ( 154,425) ( 175,600)
(229,774) (209,456)
Depreciation and other charges written off assets
Depreciation ( 4,268) ( 4,568)
Other charges
Rent ( 15,400) ( 15,100)
Rates ( 3,651) ( 553)
Computer expenses ( 1,701) ( 5,139)
Internet, telephone and fax ( 1,009) ( 818)
Printing, postage and stationery ( 252) ( 131)
Subscriptions ( 1,055) ( 1,726)
Bank charges ( 378) ( 357)
Insurance ( 739) ( 890)
Repairs and maintenance ( 19,029) ( 12,717)
Donations ( 77) 0
Sundry expenses ( 525) 0
Advertising and PR ( 2,318) ( 1,429)
Legal and professional fees ( 1,041) ( 1,041)
Light and heat ( 11,576) ( 14,521)
Service charges ( 7,035) ( 1,990)
Client entertainment ( 197) ( 206)
Bank interest payable 0 ( 34)
(65,983) (56,652)
Profit before taxation 5,641 22,489