THAT LITTLE COFFEE SHOP LTD
REGISTERED NUMBER: 13695481
BALANCE SHEET
AS AT 31 OCTOBER 2023
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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Notes
The Little Coffee Shop Ltd is a limited company registered in England and Wales, registration number 13695481, registered office address is 1 Langley Parade, High Street, Abbots Langley, Hertfordshire WD5 0AD.
The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future and will be able to meet its liabilities as they fall due. There is uncertainty that the director has had to consider in deciding to prepare the financial statements on a going concern basis, which is set out below.
The company has incurred an operating loss in the current period and is reliant on the continued support of the principal creditors of the business in order to meet its liabilities as they fall due. The company is also dependant on the generation of profits and cash in the future as well as the control of costs.
On the basis of current disclosed intentions, the director believes that their plans for the generation of profits and the control of costs are realistic. Accordingly, the director considers that it is appropriate to prepare the financial statements on a going concern basis.
If expectations in line with the plans were not achieved, the going concern basis may be invalid, and adjustments may have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise, and to reclassify fixed assets and long term liabilities as current assets and liabilities.
Average number of employees
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The average monthly number of employees, including directors, during the year was 6 (2022 - 7).
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THAT LITTLE COFFEE SHOP LTD
REGISTERED NUMBER: 13695481
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023
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Guarantees and other financial commitments
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During the period, the company entered into a lease on its operating premises in which it is committed to pay rent of £16,500pa for the next 3 years.
During the period ended 31 October 2022 the company entered into a rental agreement for 3 years at an annual cost of £3,340pa.
During the period ended 31 October 2022 the company took out a loan totalling £66,000 which is repayable over 5 years, As security on the loan there is a fixed and floating charge over the assets of the busienss.
Directors' confirmations
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 July 2024.
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