Registered number
12872536
CINNAMON VILLAGE LTD
Filleted Accounts
31 December 2023
CINNAMON VILLAGE LTD
Registered number: 12872536
Balance Sheet
as at 31 December 2023
Notes 31/12/23 28/2/23
£ £
Fixed assets
Tangible assets 3 31,245 36,758
Current assets
Stocks 10,960 22,922
Debtors 4 58,958 3,000
Cash at bank and in hand 12,567 13,483
82,485 39,405
Creditors: amounts falling due within one year 5 (21,829) (26,546)
Net current assets 60,656 12,859
Total assets less current liabilities 91,901 49,617
Creditors: amounts falling due after more than one year 6 (50,000) -
Net assets 41,901 49,617
Capital and reserves
Called up share capital 100 100
Profit and loss account 41,801 49,517
Shareholders' funds 41,901 49,617
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Soner GOLBAS
Director
Approved by the board on 7 August 2024
CINNAMON VILLAGE LTD
Notes to the Accounts
for the period from 1 March 2023 to 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, as follows:
Fixtures, fittings and equipment 18% reducing balance method
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A corporation tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.Corporation tax assets and liabilities are not discounted.
2 Employees 31/12/23 28/2/23
Number Number
Average number of persons employed by the company 16 15
3 Tangible fixed assets
Fix-fittings & equipment
£
Cost
At 1 March 2023 38,262
At 31 December 2023 38,262
Depreciation
At 1 March 2023 1,504
Charge for the period 5,513
At 31 December 2023 7,017
Net book value
At 31 December 2023 31,245
At 28 February 2023 36,758
4 Debtors 31/12/23 28/2/23
£ £
Prepayments & other debtors 58,958 3,000
5 Creditors: amounts falling due within one year 31/12/23 28/2/23
£ £
Trade creditors 3,143 184
Taxation and social security costs 18,686 26,279
Other creditors - 83
21,829 26,546
6 Creditors: amounts falling due after one year 31/12/23 28/2/23
£ £
Bank loans 50,000 -
7 Other information
CINNAMON VILLAGE LTD is a private company limited by shares and incorporated in England. Its registered office is:
162 Blackstock Road
London
N5 1HA
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