Company No:
Contents
DIRECTORS | Mr Dhruv Neeraj Kochhar (Appointed 06 October 2022) |
Miss Yisha Mehra (Appointed 23 May 2023) |
REGISTERED OFFICE | Adanac Drive Unit E3 & E4 |
Southampton | |
United Kingdom | |
SO16 0BT | |
Southampton | |
United Kingdom |
COMPANY NUMBER | 14402432 (England and Wales) |
CHARTERED ACCOUNTANTS | Lince Salisbury (UK) Ltd |
16-20 South street centre | |
Hythe | |
Southampton | |
SO45 6EB | |
United Kingdom |
The directors present their annual report and the unaudited financial statements of the Company for the financial period ended 31 December 2023.
PRINCIPAL ACTIVITIES
GOING CONCERN
DIRECTORS
The directors, who served during the financial period and to the date of this report except as noted, were as follows:
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(Appointed 06 October 2022) |
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(Appointed 23 May 2023) |
Approved by the Board of Directors and signed on its behalf by:
Mr Dhruv Neeraj Kochhar
Director |
The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial period. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that financial period.
In preparing these financial statements, the directors are required to:
* Select suitable accounting policies and then apply them consistently;
* Make judgements and accounting estimates that are reasonable and prudent; and
* Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.
It is your duty to ensure that Perfectly Imperfect Coffee Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Perfectly Imperfect Coffee Limited. You consider that Perfectly Imperfect Coffee Limited is exempt from the statutory audit requirement for the financial period.
We have not been instructed to carry out an audit or a review of the financial statements of Perfectly Imperfect Coffee Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Chartered Accountants
Hythe
Southampton
SO45 6EB
United Kingdom
Period from 06.10.2022 to 31.12.2023 |
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£ | ||
Turnover |
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Cost of sales | (
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Gross profit |
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Administrative expenses | (
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Operating loss and loss before taxation | (
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Tax on loss |
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Loss for the financial period | (
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Note | 31.12.2023 | |
£ | ||
Fixed assets | ||
Tangible assets | 3 |
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787 | ||
Current assets | ||
Debtors | 4 |
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Cash at bank and in hand | 5 |
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11,274 | ||
Creditors: amounts falling due within one year | 6 | (
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Net current liabilities | (64,572) | |
Total assets less current liabilities | (63,785) | |
Net liabilities | (
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Capital and reserves | ||
Called-up share capital | 7, 8 |
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Profit and loss account | 8 | (
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Total shareholder's deficit | (
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Directors' responsibilities:
The financial statements of Perfectly Imperfect Coffee Limited (registered number:
Mr Dhruv Neeraj Kochhar
Director |
Called-up share capital | Profit and loss account | Total | |||
£ | £ | £ | |||
At 06 October 2022 |
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Loss for the financial period |
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(
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Total comprehensive loss |
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(
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(
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Issue of share capital |
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At 31 December 2023 |
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(
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The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
Perfectly Imperfect Coffee Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Adanac Drive Unit E3 & E4, Southampton, United Kingdom, SO16 0BT, Southampton, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £63,785. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Office equipment |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Period from 06.10.2022 to 31.12.2023 |
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Number | |
Monthly average number of persons employed by the Company during the period, including directors |
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Office equipment | Total | ||
£ | £ | ||
Cost | |||
At 06 October 2022 |
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Additions |
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At 31 December 2023 |
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Accumulated depreciation | |||
At 06 October 2022 |
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Charge for the financial period |
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At 31 December 2023 |
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Net book value | |||
At 31 December 2023 |
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31.12.2023 | |
£ | |
Trade debtors |
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Other debtors |
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31.12.2023 | |
£ | |
Cash at bank and in hand |
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31.12.2023 | |
£ | |
Trade creditors |
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Other creditors |
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31.12.2023 | |
£ | |
Allotted, called-up and fully-paid | |
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Called-up share capital | Profit and loss account | ||
£ | £ | ||
At 06 October 2022 |
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Loss for the financial period |
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(
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Total comprehensive loss |
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(
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Issue of share capital |
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At 31 December 2023 |
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(
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Period from 06.10.2022 to 31.12.2023 |
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£ | |
Turnover | |
Sales |
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Cost of sales | |
Direct costs | (
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Gross profit |
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Gross profit percentage | 35.48% |
Administrative expenses | |
Wages and salaries | (
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Pensions | (
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Computer expenses | (
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Printing, postage and stationery | (
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Bank charges | (
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Subscriptions | (
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Depreciation | (
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Loss on foreign exchange transactions | (
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Accountancy fees | (
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Advertising and PR | (
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Sundry expenses | (
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(66,559) | |
Operating loss and loss before taxation | (
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