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Company Registration No. 12762956 (England and Wales)
Rand Coffee Roastery Ltd Unaudited accounts for the year ended 31 July 2023
Rand Coffee Roastery Ltd Unaudited accounts Contents
Page
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Rand Coffee Roastery Ltd Company Information for the year ended 31 July 2023
Director
Aydin Dogan
Company Number
12762956 (England and Wales)
Registered Office
21 HYDE PARK ROAD LEEDS LS6 1PY ENGLAND
Accountants
HLA Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Rand Coffee Roastery Ltd for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Rand Coffee Roastery Ltd for the year ended 31 July 2023 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
HLA Accountants Chartered Certified Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY 24 July 2024
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Rand Coffee Roastery Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
51,403 
52,254 
Current assets
Inventories
38,626 
6,401 
Debtors
1,756 
100 
Cash at bank and in hand
13,243 
25,410 
53,625 
31,911 
Creditors: amounts falling due within one year
(30,508)
(14,089)
Net current assets
23,117 
17,822 
Total assets less current liabilities
74,520 
70,076 
Creditors: amounts falling due after more than one year
(19,210)
(23,000)
Net assets
55,310 
47,076 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
55,210 
46,976 
Shareholders' funds
55,310 
47,076 
For the year ending 31 July 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 29 July 2024 and were signed on its behalf by
Aydin Dogan Director Company Registration No. 12762956
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Rand Coffee Roastery Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Rand Coffee Roastery Ltd is a private company, limited by shares, registered in England and Wales, registration number 12762956. The registered office is 21 HYDE PARK ROAD, LEEDS, LS6 1PY, 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.
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:
Fixtures & fittings
20% reducing balance
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.
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.
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.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Rand Coffee Roastery Ltd Notes to the Accounts for the year ended 31 July 2023
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.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
- 
81,647 
81,647 
Additions
12,000 
- 
12,000 
At 31 July 2023
12,000 
81,647 
93,647 
Depreciation
At 1 August 2022
- 
29,393 
29,393 
Charge for the year
2,400 
10,451 
12,851 
At 31 July 2023
2,400 
39,844 
42,244 
Net book value
At 31 July 2023
9,600 
41,803 
51,403 
At 31 July 2022
- 
52,254 
52,254 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,656 
- 
Amounts falling due after more than one year
Other debtors
100 
100 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
6,568 
- 
Taxes and social security
9,740 
3,611 
Loans from directors
12,000 
9,478 
Accruals
2,200 
1,000 
30,508 
14,089 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
19,210 
23,000 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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