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REGISTERED NUMBER: SC366659 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Tease Coffee Bar Limited

Tease Coffee Bar Limited (Registered number: SC366659)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tease Coffee Bar Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Ms T I H McDonald
Mr D W L Birkmyre





REGISTERED OFFICE: Amicable House
252 Union Street
Aberdeen
Aberdeenshire
AB10 1TN





REGISTERED NUMBER: SC366659 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

Tease Coffee Bar Limited (Registered number: SC366659)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,030 5,311

CURRENT ASSETS
Stocks 5,055 4,562
Debtors 5 5,546 10,944
Cash at bank and in hand 44,339 55,311
54,940 70,817
CREDITORS
Amounts falling due within one year 6 35,443 38,880
NET CURRENT ASSETS 19,497 31,937
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,527

37,248

CREDITORS
Amounts falling due after more than one
year

7

(30,390

)

(35,665

)

PROVISIONS FOR LIABILITIES (3,042 ) (721 )
NET ASSETS 2,095 862

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,995 762
2,095 862

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Tease Coffee Bar Limited (Registered number: SC366659)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by:





Ms T I H McDonald - Director


Tease Coffee Bar Limited (Registered number: SC366659)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Tease Coffee Bar Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

Tease Coffee Bar Limited (Registered number: SC366659)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 April 2023 41,041 19,297 14,495 74,833
Additions - 11,926 2,685 14,611
Disposals - (344 ) - (344 )
At 31 March 2024 41,041 30,879 17,180 89,100
DEPRECIATION
At 1 April 2023 41,041 16,462 12,019 69,522
Charge for year - 2,571 1,178 3,749
Eliminated on disposal - (201 ) - (201 )
At 31 March 2024 41,041 18,832 13,197 73,070
NET BOOK VALUE
At 31 March 2024 - 12,047 3,983 16,030
At 31 March 2023 - 2,835 2,476 5,311

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 5,546 10,944

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 13,765 19,425
Taxation and social security 7,922 8,791
Other creditors 8,756 5,664
35,443 38,880

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 30,390 35,665

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,390 15,665

Tease Coffee Bar Limited (Registered number: SC366659)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Ms T I H McDonald
Balance outstanding at start of year 171 1,941
Amounts advanced 4,578 696
Amounts repaid (6,524 ) (2,466 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,775 ) 171

9. RELATED PARTY DISCLOSURES

Management charges of £4,800 (2023 - £6,800) were paid to the director D Birkmyre.

10. ULTIMATE CONTROLLING PARTY

It is considered that the shareholders are the ultimate controlling party.