IRIS Accounts Production v24.1.0.578 09959601 director 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh099596012023-01-31099596012024-01-31099596012023-02-012024-01-31099596012022-01-31099596012022-02-012023-01-31099596012023-01-3109959601ns14:PoundSterling2023-02-012024-01-3109959601ns10:Director12023-02-012024-01-3109959601ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3109959601ns10:SmallEntities2023-02-012024-01-3109959601ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3109959601ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3109959601ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3109959601ns10:FullAccounts2023-02-012024-01-3109959601ns10:RegisteredOffice2023-02-012024-01-3109959601ns5:CurrentFinancialInstruments2024-01-3109959601ns5:CurrentFinancialInstruments2023-01-3109959601ns5:ShareCapital2024-01-3109959601ns5:ShareCapital2023-01-3109959601ns5:RetainedEarningsAccumulatedLosses2024-01-3109959601ns5:RetainedEarningsAccumulatedLosses2023-01-3109959601ns5:LeaseholdImprovements2023-02-012024-01-3109959601ns5:FurnitureFittings2023-02-012024-01-3109959601ns5:MotorVehicles2023-02-012024-01-3109959601ns5:LeaseholdImprovements2023-01-3109959601ns5:FurnitureFittings2023-01-3109959601ns5:MotorVehicles2023-01-3109959601ns5:LeaseholdImprovements2024-01-3109959601ns5:FurnitureFittings2024-01-3109959601ns5:MotorVehicles2024-01-3109959601ns5:LeaseholdImprovements2023-01-3109959601ns5:FurnitureFittings2023-01-3109959601ns5:MotorVehicles2023-01-3109959601ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3109959601ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-31
REGISTERED NUMBER: 09959601















Unaudited Financial Statements for the Year Ended 31 January 2024

for

The Hidden Gem Coffee Shop Limited

The Hidden Gem Coffee Shop Limited (Registered number: 09959601)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Hidden Gem Coffee Shop Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mrs J Concannon





REGISTERED OFFICE: 47 Heathfield Road
Bury
BL9 8HB





REGISTERED NUMBER: 09959601





ACCOUNTANTS: Account-Angels (North West) Limited
Uglow Farm
Broadhead Road
Edgworth
Bolton
BL7 0JN

The Hidden Gem Coffee Shop Limited (Registered number: 09959601)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,154 5,837

CURRENT ASSETS
Stocks 3,501 1,722
Debtors 5 - 8,752
Cash at bank and in hand 3,123 15,209
6,624 25,683
CREDITORS
Amounts falling due within one year 6 19,258 32,013
NET CURRENT LIABILITIES (12,634 ) (6,330 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,480

)

(493

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (8,482 ) (495 )
SHAREHOLDERS' FUNDS (8,480 ) (493 )

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

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

The director acknowledges her 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.

The Hidden Gem Coffee Shop Limited (Registered number: 09959601)

Balance Sheet - continued
31 January 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 June 2024 and were signed by:





Mrs J Concannon - Director


The Hidden Gem Coffee Shop Limited (Registered number: 09959601)

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

1. STATUTORY INFORMATION

The Hidden Gem Coffee Shop Limited is a private company, limited by shares , registered in Not specified/Other. 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
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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 Income Statement, 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.

The Hidden Gem Coffee Shop Limited (Registered number: 09959601)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 February 2023
and 31 January 2024 14,000 5,447 2,109 21,556
DEPRECIATION
At 1 February 2023 9,520 4,309 1,890 15,719
Charge for year 1,400 228 55 1,683
At 31 January 2024 10,920 4,537 1,945 17,402
NET BOOK VALUE
At 31 January 2024 3,080 910 164 4,154
At 31 January 2023 4,480 1,138 219 5,837

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors - 8,752

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 6,481 9,676
Taxation and social security 11,108 21,337
Other creditors 1,669 1,000
19,258 32,013