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REGISTERED NUMBER: 07811647 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

COCONUT CREATIVES LTD

COCONUT CREATIVES LTD (REGISTERED NUMBER: 07811647)






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


COCONUT CREATIVES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr P Clegg
Mr A Lovelock





REGISTERED OFFICE: 12 Victoria Road
Barnsley
South Yorkshire
S70 2BB





REGISTERED NUMBER: 07811647 (England and Wales)





ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB

COCONUT CREATIVES LTD (REGISTERED NUMBER: 07811647)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 65,946 76,612
Tangible assets 5 1,337 3,613
Investments 6 950 950
68,233 81,175

CURRENT ASSETS
Debtors 7 174,387 145,878
Cash at bank 218 8,230
174,605 154,108
CREDITORS
Amounts falling due within one year 8 190,203 156,679
NET CURRENT LIABILITIES (15,598 ) (2,571 )
TOTAL ASSETS LESS CURRENT LIABILITIES 52,635 78,604

CREDITORS
Amounts falling due after more than
one year

9

46,138

73,022
NET ASSETS 6,497 5,582

CAPITAL AND RESERVES
Called up share capital 10 200 200
Retained earnings 6,297 5,382
SHAREHOLDERS' FUNDS 6,497 5,582

COCONUT CREATIVES LTD (REGISTERED NUMBER: 07811647)

BALANCE SHEET - continued
31 MARCH 2024


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.

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 and authorised for issue by the Board of Directors and authorised for issue on 9 August 2024 and were signed on its behalf by:





Mr P Clegg - Director


COCONUT CREATIVES LTD (REGISTERED NUMBER: 07811647)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Coconut Creatives Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key risks of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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

When the outcome of a transaction can be estimated reliably, turnover from franchise marketing is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to contract length.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development costs are being amortised evenly over their estimated useful life of five years.

COCONUT CREATIVES LTD (REGISTERED NUMBER: 07811647)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Office equipment - 33% straight line.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 7 (2023 - 6 ) .

COCONUT CREATIVES LTD (REGISTERED NUMBER: 07811647)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. INTANGIBLE FIXED ASSETS
Website
development
costs
£   
COST
At 1 April 2023 153,750
Additions 17,000
At 31 March 2024 170,750
AMORTISATION
At 1 April 2023 77,138
Amortisation for year 27,666
At 31 March 2024 104,804
NET BOOK VALUE
At 31 March 2024 65,946
At 31 March 2023 76,612

5. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 April 2023
and 31 March 2024 18,326
DEPRECIATION
At 1 April 2023 14,713
Charge for year 2,276
At 31 March 2024 16,989
NET BOOK VALUE
At 31 March 2024 1,337
At 31 March 2023 3,613

COCONUT CREATIVES LTD (REGISTERED NUMBER: 07811647)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 950
NET BOOK VALUE
At 31 March 2024 950
At 31 March 2023 950

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 162,593 141,247
Amounts recoverable on contract 6,000 -
Other debtors 264 264
Directors' current accounts 1,325 -
Prepayments and accrued income 4,205 4,367
174,387 145,878

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 6,675 -
Other loans 52,738 30,678
Trade creditors 68,107 36,605
Corporation tax (6,522 ) (6,522 )
Social security and other taxes 2,411 3,091
VAT 37,725 53,510
Other creditors 26,932 35,720
Directors' current accounts - 402
Accruals and deferred income 2,137 3,195
190,203 156,679

COCONUT CREATIVES LTD (REGISTERED NUMBER: 07811647)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Other loans - 1-2 years 27,728 31,974
Other loans - 2-5 years 18,410 41,048
46,138 73,022

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
40 A Ordinary £1 40 40
40 B Ordinary £1 40 40
40 C Ordinary £1 40 40
40 D Ordinary £1 40 40
40 E Ordinary £1 40 40
200 200