Company Registration No. 09329727 (England and Wales)
Tincan Coffee Co. Ltd
Unaudited accounts
for the year ended 30 November 2023
Tincan Coffee Co. Ltd
Unaudited accounts
Contents
Tincan Coffee Co. Ltd
Company Information
for the year ended 30 November 2023
Directors
Ms Jessica Nicolson
Mr Jeffery Andrew Monks
Company Number
09329727 (England and Wales)
Registered Office
141 Somerset Road
Bristol
BS4 2JA
England
Accountants
LMAC Ltd
14 Wick Hall
Furze Hill
Hove
East Sussex
BN3 1NF
Tincan Coffee Co. Ltd
Statement of financial position
as at 30 November 2023
Intangible assets
2,208
2,708
Tangible assets
14,173
20,356
Cash at bank and in hand
18,011
35,037
Creditors: amounts falling due within one year
(83,235)
(91,683)
Net current liabilities
(44,156)
(28,826)
Total assets less current liabilities
(27,775)
(5,762)
Creditors: amounts falling due after more than one year
(149,821)
(173,552)
Net liabilities
(177,596)
(179,314)
Called up share capital
10
10
Share premium
25,000
25,000
Profit and loss account
(202,606)
(204,324)
Shareholders' funds
(177,596)
(179,314)
For the year ending 30 November 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 directors acknowledge their 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 of Directors and authorised for issue on 14 August 2024 and were signed on its behalf by
Ms Jessica Nicolson
Director
Company Registration No. 09329727
Tincan Coffee Co. Ltd
Notes to the Accounts
for the year ended 30 November 2023
Tincan Coffee Co. Ltd is a private company, limited by shares, registered in England and Wales, registration number 09329727. The registered office is 141 Somerset Road, Bristol, BS4 2JA, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate. The company returned to profitability this financial year and is expecting to contunue to trade positively.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover includes revenue earned form the slae of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Other intangible assets is Lease Premium. It is amortised to profit and loss account over its estimated economic life of 10 years.
Tangible fixed assets and depreciation
Tangible fixed 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
Leasehold - 6 years straight line
Motor vehicles
3 years straight line
Fixtures & fittings
3 years straight line
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.
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.
Tincan Coffee Co. Ltd
Notes to the Accounts
for the year ended 30 November 2023
4
Intangible fixed assets
Other
5
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2022
5,995
4,995
117,938
128,928
At 30 November 2023
5,995
4,995
119,351
130,341
At 1 December 2022
2,750
383
105,439
108,572
Charge for the year
600
1,665
5,331
7,596
At 30 November 2023
3,350
2,048
110,770
116,168
At 30 November 2023
2,645
2,947
8,581
14,173
At 30 November 2022
3,245
4,612
12,499
20,356
Amounts falling due within one year
Accrued income and prepayments
4,000
2,641
Amounts falling due after more than one year
Accrued income and prepayments
8,000
8,000
Tincan Coffee Co. Ltd
Notes to the Accounts
for the year ended 30 November 2023
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
9,920
10,000
Trade creditors
34,496
43,652
Taxes and social security
4,456
3,602
Other creditors
3,248
2,223
8
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
134,092
148,074
Allotted, called up and fully paid:
100 Ordinary shares of £0.10 each
10
10
10
Average number of employees
During the year the average number of employees was 26 (2022: 26).