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Registered number: 12919046
Green Bean Collection Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
MAP ACCOUNTANTS LTD
16 Blackfriars Street
Manchester
M3 5BQ
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 12919046
2023 2022
as restated
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 76,422 35,519
Tangible Assets 5 2 251
76,424 35,770
CURRENT ASSETS
Stocks 6 27,428 19,538
Debtors 7 74,979 93,346
Cash at bank and in hand 18,444 271
120,851 113,155
Creditors: Amounts Falling Due Within One Year 8 (30,347 ) (19,945 )
NET CURRENT ASSETS (LIABILITIES) 90,504 93,210
TOTAL ASSETS LESS CURRENT LIABILITIES 166,928 128,980
Creditors: Amounts Falling Due After More Than One Year 9 (12,373 ) (19,719 )
NET ASSETS 154,555 109,261
CAPITAL AND RESERVES
Called up share capital 10 100 100
Share premium account 153,997 153,997
Income Statement 458 (44,836 )
SHAREHOLDERS' FUNDS 154,555 109,261
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For the 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.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Ms Anita Frost
Director
31st July 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Green Bean Collection Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12919046 . The registered office is First Floor, Swan Buildings , 20 Swan Street, Manchester, M4 5JW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Trademarks and Production Costs. Trademarks are amortised to the income statement over its estimated economic life of 20 years. 
Production costs incurred are shown at historical cost but are only amortised when the production is completed.
2.4. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to the income statement on a straight line basis over their expected useful economic lives.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 33% Straight Line
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.
All grants in the income statement are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 2)
1 2
4. Intangible Assets
Other
£
Cost
As at 1 November 2022 35,580
Additions 41,655
As at 31 October 2023 77,235
Amortisation
As at 1 November 2022 61
Provided during the period 752
As at 31 October 2023 813
Net Book Value
As at 31 October 2023 76,422
As at 1 November 2022 35,519
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 November 2022 1,068
As at 31 October 2023 1,068
Depreciation
As at 1 November 2022 817
Provided during the period 249
As at 31 October 2023 1,066
Net Book Value
As at 31 October 2023 2
As at 1 November 2022 251
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6. Stocks
2023 2022
as restated
£ £
Stock 27,428 19,538
7. Debtors
2023 2022
as restated
£ £
Due within one year
Prepayments and accrued income 521 598
VAT 15,758 5,248
Amounts owed by associates 29,900 29,900
46,179 35,746
Due after more than one year
Amounts owed by associates 28,800 57,600
74,979 93,346
8. Creditors: Amounts Falling Due Within One Year
2023 2022
as restated
£ £
Trade creditors 7,410 4,281
Other loans 5,804 2,962
Other creditors 17,133 12,702
30,347 19,945
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
as restated
£ £
Other loans 12,373 19,719
10. Share Capital
2023 2022
as restated
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
Anita FrostShareholder and a Director of Green Bean Collection Limited with ≥75% of the sharesAs at the Year End October 2023, Green Bean Collection Limited owes an amount of £15,138 to Anita Frost

Anita Frost

Shareholder and a Director of Green Bean Collection Limited with ≥75% of the shares

As at the Year End October 2023, Green Bean Collection Limited owes an amount of £15,138 to Anita Frost

Claudine GreenShareholder of Green Bean Collection LimitedAs at the Year End October 2023, Claudine Green owes an amount of £58,700 to Green Bean Collection Limited. This is unpaid share capital.

Claudine Green

Shareholder of Green Bean Collection Limited

As at the Year End October 2023, Claudine Green owes an amount of £58,700 to Green Bean Collection Limited. This is unpaid share capital.

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