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REGISTERED NUMBER: 10388809 (England and Wales)










Common Ground Coffee Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






Common Ground Coffee Limited (Registered number: 10388809)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Common Ground Coffee Limited

Company Information
for the year ended 31 December 2023







DIRECTOR: Mr C D Peters





REGISTERED OFFICE: 10 Shaw's Road
Altrincham
Cheshire
WA14 1QU





REGISTERED NUMBER: 10388809 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

Common Ground Coffee Limited (Registered number: 10388809)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 103,087 273,336

CURRENT ASSETS
Stocks 5,555 10,048
Debtors 5 21,254 31,717
Cash at bank and in hand 101,955 115,354
128,764 157,119
CREDITORS
Amounts falling due within one year 6 202,617 468,338
NET CURRENT LIABILITIES (73,853 ) (311,219 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,234

(37,883

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 29,134 (37,983 )
29,234 (37,883 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 by the director and authorised for issue on 11 September 2024 and were signed by:





Mr C D Peters - Director


Common Ground Coffee Limited (Registered number: 10388809)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Common Ground Coffee Limited 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.

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.
Land and buildings - 10% on cost
Plant and machinery etc - 25% 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 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.

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.

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 20 (2022 - 33 ) .

Common Ground Coffee Limited (Registered number: 10388809)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 203,458 126,603 330,061
Additions - 3,942 3,942
Disposals (122,208 ) (69,199 ) (191,407 )
At 31 December 2023 81,250 61,346 142,596
DEPRECIATION
At 1 January 2023 27,548 29,177 56,725
Charge for year 12,684 13,866 26,550
Eliminated on disposal (23,486 ) (20,280 ) (43,766 )
At 31 December 2023 16,746 22,763 39,509
NET BOOK VALUE
At 31 December 2023 64,504 38,583 103,087
At 31 December 2022 175,910 97,426 273,336

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 16,663 20,898
Other debtors 4,591 10,819
21,254 31,717

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 19,021 30,687
Taxation and social security 29,064 48,080
Other creditors 154,532 389,571
202,617 468,338