1 April 2023 false No description of principal activity Taxfiler 2024.5 6021487business:PrivateLimitedCompanyLtd2023-04-012024-03-31 60214872023-03-31 60214872023-04-012024-03-31 6021487business:AuditExemptWithAccountantsReport2023-04-012024-03-31 6021487business:AbridgedAccounts2023-04-012024-03-31 60214872024-03-31 60214872023-03-31 6021487core:WithinOneYear2024-03-31 6021487core:WithinOneYear2023-03-31 6021487core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 6021487core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 6021487core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 6021487core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 6021487core:PreviouslyStatedAmount2024-03-31 6021487core:PreviouslyStatedAmount2023-03-31 6021487business:SmallEntities2023-04-012024-03-31 6021487business:Director12023-04-012024-03-31 6021487countries:EnglandWales2023-04-012024-03-31 6021487business:RegisteredOffice2023-04-012024-03-31 6021487core:PlantMachinery2023-04-012024-03-31 60214872022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 6021487 (England and Wales)
Love Coffee Limited Unaudited accounts for the year ended 31 March 2024
Love Coffee Limited Unaudited accounts Contents
Page
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Love Coffee Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,062 
- 
Current assets
Inventories
2,625 
2,002 
Debtors
81,249 
76,637 
Cash at bank and in hand
1,718 
2,420 
85,592 
81,059 
Creditors: amounts falling due within one year
(32,494)
(21,265)
Net current assets
53,098 
59,794 
Total assets less current liabilities
67,160 
59,794 
Provisions for liabilities
Deferred tax
(1,590)
- 
Net assets
65,570 
59,794 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
65,569 
59,793 
Shareholders' funds
65,570 
59,794 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 July 2024 and were signed on its behalf by
Martin S Carwardine Director Company Registration No. 6021487
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Love Coffee Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Love Coffee Limited is a private company, limited by shares, registered in England and Wales, registration number 6021487. The registered office is The Roast House, Peartree Industrial Estate, Bath Road, Upper Langford,, BS40 5DJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Income recognition
Income is recognised when goods and services have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Love Coffee Limited Notes to the Accounts for the year ended 31 March 2024
4
Intangible fixed assets
Total 
£ 
Cost
At 1 April 2023
3,000 
Disposals
(3,000)
At 31 March 2024
- 
Amortisation
At 1 April 2023
3,000 
On disposals
(3,000)
At 31 March 2024
- 
Net book value
At 31 March 2024
- 
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2023
19,325 
Additions
15,000 
Disposals
(5,787)
At 31 March 2024
28,538 
Depreciation
At 1 April 2023
19,325 
Charge for the year
938 
On disposals
(5,787)
At 31 March 2024
14,476 
Net book value
At 31 March 2024
14,062 
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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