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REGISTERED NUMBER: 13499788 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 March 2024

for

Crepe & Coffee Limited

Crepe & Coffee Limited (Registered number: 13499788)






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


Crepe & Coffee Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr R Daniel
Ms S Shamoun





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY





REGISTERED NUMBER: 13499788 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

Crepe & Coffee Limited (Registered number: 13499788)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 37,000 -
Tangible assets 5 52,443 43,684
89,443 43,684

CURRENT ASSETS
Stocks 2,000 1,000
Debtors 6 4,686 12,185
Cash at bank 6,934 28,877
13,620 42,062
CREDITORS
Amounts falling due within one year 7 (50,568 ) (17,561 )
NET CURRENT (LIABILITIES)/ASSETS (36,948 ) 24,501
TOTAL ASSETS LESS CURRENT LIABILITIES 52,495 68,185

CREDITORS
Amounts falling due after more than one year 8 (15,687 ) (23,872 )

PROVISIONS FOR LIABILITIES (2,174 ) (8,300 )
NET ASSETS 34,634 36,013

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 34,534 35,913
SHAREHOLDERS' FUNDS 34,634 36,013

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.

Crepe & Coffee Limited (Registered number: 13499788)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2024 and were signed on its behalf by:





Mr R Daniel - Director


Crepe & Coffee Limited (Registered number: 13499788)

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

1. STATUTORY INFORMATION

Crepe & 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Computer equipment - 33.33% 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Crepe & Coffee Limited (Registered number: 13499788)

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

2. ACCOUNTING POLICIES - continued

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 6 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 40,000
At 31 March 2024 40,000
AMORTISATION
Charge for year 3,000
At 31 March 2024 3,000
NET BOOK VALUE
At 31 March 2024 37,000

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023 44,160 1,293 45,453
Additions 17,455 - 17,455
At 31 March 2024 61,615 1,293 62,908
DEPRECIATION
At 1 April 2023 1,212 557 1,769
Charge for year 8,285 411 8,696
At 31 March 2024 9,497 968 10,465
NET BOOK VALUE
At 31 March 2024 52,118 325 52,443
At 31 March 2023 42,948 736 43,684

Crepe & Coffee Limited (Registered number: 13499788)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 April 2023
and 31 March 2024 37,597
DEPRECIATION
At 1 April 2023 940
Charge for year 5,498
At 31 March 2024 6,438
NET BOOK VALUE
At 31 March 2024 31,159
At 31 March 2023 36,657

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 195 -
Tax - 4,827
VAT - 5,205
Prepayments 4,491 2,153
4,686 12,185

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts (see note 9) 8,185 8,185
Tax 761 4,993
Social security and other taxes 446 (242 )
VAT 5,977 -
Other creditors - 54
Directors' current accounts 32,855 2,599
Accruals and deferred income 2,344 1,972
50,568 17,561

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts (see note 9) 15,687 23,872

Crepe & Coffee Limited (Registered number: 13499788)

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

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.24 31.3.23
£    £   
Net obligations repayable:
Within one year 8,185 8,185
Between one and five years 15,687 23,872
23,872 32,057

As at the year end, the Company had future commitments on multiple rental leases of £107,005 (2023: £119,684).

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 23,872 32,057

Hire purchase contracts are secured by hired charges over the assets indicated in note 7.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100