Registered number
11723205
SOLA FIDES COFFEE LIMITED
Filleted Accounts
29 April 2024
SOLA FIDES COFFEE LIMITED
Registered number: 11723205
Balance Sheet
as at 29 April 2024
Notes 2024 2022
£ £
Fixed assets
Tangible assets 3 - 76,123
Current assets
Stocks - 24,043
Debtors 4 - 15,471
Cash at bank and in hand 7,179 83,932
7,179 123,446
Creditors: amounts falling due within one year 5 (29,458) (159,762)
Net current liabilities (22,279) (36,316)
Total assets less current liabilities (22,279) 39,807
Provisions for liabilities - (178)
Net (liabilities)/assets (22,279) 39,629
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (23,279) 38,629
Shareholders' funds (22,279) 39,629
The directors are 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 directors acknowledge their 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.
Roberta Amerini
Director
Approved by the board on 17 September 2024
SOLA FIDES COFFEE LIMITED
Notes to the Accounts
for the period from 1 January 2023 to 29 April 2024
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.
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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings non-depreciating
Plant and machinery over 5 - 7 years, depending on individual item
Fixtures, fittings, tools and equipment over 5 - 7 years, depending on individual item
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. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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 current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Current and deferred tax liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to stakholder pension plans are expensed in the period to which they relate.
2 Employees 2024 2022
Number Number
Average number of persons employed by the company 8 6
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2023 43,587 73,379 116,966
Disposals (43,587) (73,379) (116,966)
At 29 April 2024 - - -
Depreciation
At 1 January 2023 - 40,843 40,843
On disposals - (40,843) (40,843)
At 29 April 2024 - - -
Net book value
At 29 April 2024 - - -
At 31 December 2022 43,587 32,536 76,123
4 Debtors 2024 2022
£ £
Other debtors - 15,471
5 Creditors: amounts falling due within one year 2024 2022
£ £
Trade creditors - 29
Taxation and social security costs - 7,544
Other creditors 29,458 152,189
29,458 159,762
6 Other information
SOLA FIDES COFFEE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
65 The Grove
London
W5 5LL
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