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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
Page
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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
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Tincan Coffee Co. Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
2,208 
2,708 
Tangible assets
14,173 
20,356 
16,381 
23,064 
Current assets
Inventories
6,213 
6,101 
Debtors
14,855 
21,719 
Cash at bank and in hand
18,011 
35,037 
39,079 
62,857 
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)
Capital and reserves
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
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Tincan Coffee Co. Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
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.
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.
Going concern
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
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.
Intangible fixed assets
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
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.
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.
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Tincan Coffee Co. Ltd Notes to the Accounts for the year ended 30 November 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 December 2022
5,000 
At 30 November 2023
5,000 
Amortisation
At 1 December 2022
2,292 
Charge for the year
500 
At 30 November 2023
2,792 
Net book value
At 30 November 2023
2,208 
At 30 November 2022
2,708 
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 
Additions
- 
- 
1,413 
1,413 
At 30 November 2023
5,995 
4,995 
119,351 
130,341 
Depreciation
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 
Net book value
At 30 November 2023
2,645 
2,947 
8,581 
14,173 
At 30 November 2022
3,245 
4,612 
12,499 
20,356 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,855 
3,218 
Accrued income and prepayments
4,000 
2,641 
Other debtors
- 
7,860 
6,855 
13,719 
Amounts falling due after more than one year
Accrued income and prepayments
8,000 
8,000 
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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 
VAT
28,360 
29,555 
Trade creditors
34,496 
43,652 
Taxes and social security
4,456 
3,602 
Other creditors
3,248 
2,223 
Accruals
2,755 
2,651 
83,235 
91,683 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
15,729 
25,478 
Other creditors
134,092 
148,074 
149,821 
173,552 
9
Share capital
2023 
2022 
£ 
£ 
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).
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