IRIS Accounts Production v24.3.0.553 13482684 Board of Directors Board of Directors 1.3.23 29.2.24 29.2.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh134826842023-02-28134826842024-02-29134826842023-03-012024-02-29134826842022-02-28134826842022-03-012023-02-28134826842023-02-2813482684ns15:EnglandWales2023-03-012024-02-2913482684ns14:PoundSterling2023-03-012024-02-2913482684ns10:Director12023-03-012024-02-2913482684ns10:Director22023-03-012024-02-2913482684ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2913482684ns10:SmallEntities2023-03-012024-02-2913482684ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2913482684ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2913482684ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2913482684ns10:FullAccounts2023-03-012024-02-2913482684ns10:RegisteredOffice2023-03-012024-02-2913482684ns5:CurrentFinancialInstruments2024-02-2913482684ns5:CurrentFinancialInstruments2023-02-2813482684ns5:Non-currentFinancialInstruments2024-02-2913482684ns5:Non-currentFinancialInstruments2023-02-2813482684ns5:ShareCapital2024-02-2913482684ns5:ShareCapital2023-02-2813482684ns5:RetainedEarningsAccumulatedLosses2024-02-2913482684ns5:RetainedEarningsAccumulatedLosses2023-02-2813482684ns5:PlantMachinery2023-03-012024-02-291348268412023-03-012024-02-291348268422023-03-012024-02-2913482684ns5:PlantMachinery2023-02-2813482684ns5:PlantMachinery2024-02-2913482684ns5:PlantMachinery2023-02-2813482684ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2913482684ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-2813482684ns5:CurrentFinancialInstruments2023-03-012024-02-29
REGISTERED NUMBER: 13482684 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

The Coffee Can Cafe Company Ltd

The Coffee Can Cafe Company Ltd (Registered number: 13482684)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Coffee Can Cafe Company Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Miss A McMillan
Mrs C A McMillan





REGISTERED OFFICE: 9 Moor Park Lane
Farnham
Surrey
GU9 9JB





REGISTERED NUMBER: 13482684 (England and Wales)





ACCOUNTANTS: Inghams Tax & Accounting Limited
Suite 1
31 Sheephouse
Farnham
Surrey
GU9 8LR

The Coffee Can Cafe Company Ltd (Registered number: 13482684)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,102 32,431

CURRENT ASSETS
Stocks 10,604 5,437
Debtors 5 3,173 5,915
Cash at bank and in hand 66,367 54,775
80,144 66,127
CREDITORS
Amounts falling due within one year 6 93,189 58,036
NET CURRENT (LIABILITIES)/ASSETS (13,045 ) 8,091
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,057

40,522

CREDITORS
Amounts falling due after more than one
year

7

(2,734

)

(13,466

)

PROVISIONS FOR LIABILITIES (3,010 ) (2,954 )
NET ASSETS 10,313 24,102

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10,213 24,002
SHAREHOLDERS' FUNDS 10,313 24,102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 Coffee Can Cafe Company Ltd (Registered number: 13482684)

Balance Sheet - continued
29 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2024 and were signed on its behalf by:




Miss A McMillan - Director



Mrs C A McMillan - Director


The Coffee Can Cafe Company Ltd (Registered number: 13482684)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

The Coffee Can Cafe Company 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.

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.
Plant and machinery etc - 25% on cost and 25% on reducing balance

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 Statement of Income and Retained Earnings, 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.

The Coffee Can Cafe Company Ltd (Registered number: 13482684)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

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. Short term debtors include deferred tax assets.

Creditors and financial instruments
Basic financial instruments are recognised at amortised cost, with any changes in fair value being recognised in the profit and loss.

Short term trade creditors and directors loans are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership of the leased asset to the company. All other leases are classified as operating leases.

Assets held under finance leases are included in tangible fixed assets and depreciated and assessed for impairment losses in the same way as owned assets. Rentals payable under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Assets held under finance leases are recognised initially at the fair value of the leased asset (or, if lower, the present value of minimum lease payments) at the inception of the lease. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance charges and reduction of the lease obligation using the effective interest method so as to achieve a constant rate of interest on the remaining balance of the liability. Finance charges are deducted in measuring profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 43,242
Additions 7,226
At 29 February 2024 50,468
DEPRECIATION
At 1 March 2023 10,811
Charge for year 10,555
At 29 February 2024 21,366
NET BOOK VALUE
At 29 February 2024 29,102
At 28 February 2023 32,431

The Coffee Can Cafe Company Ltd (Registered number: 13482684)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 460 -
Other debtors 2,713 5,915
3,173 5,915

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts - 2,439
Trade creditors 12,370 419
Taxation and social security 27,223 15,401
Other creditors 53,596 39,777
93,189 58,036

Included within other creditors falling due within 1 year are directors loans to the company totalling £34,341 (2023 £16,629).

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts - 7,446
Other creditors 2,734 6,020
2,734 13,466