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REGISTERED NUMBER: 14647251 (England and Wales)










Unaudited Financial Statements

for the Period 8 February 2023 to 31 March 2024

for

Coffee and Cake At The Close Ltd

Coffee and Cake At The Close Ltd (Registered number: 14647251)






Contents of the Financial Statements
for the Period 8 February 2023 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Coffee and Cake At The Close Ltd

Company Information
for the Period 8 February 2023 to 31 March 2024







DIRECTOR: Mrs H A Radhakrishnan





REGISTERED OFFICE: 75 Springfield Road
Chelmsford
Essex
CM2 6JB





REGISTERED NUMBER: 14647251 (England and Wales)





ACCOUNTANTS: LB Group Advisory Limited
Swift House, Ground Floor
18 Hoffmanns Way
Chelmsford
Essex
CM1 1GU

Coffee and Cake At The Close Ltd (Registered number: 14647251)

Balance Sheet
31 March 2024

Notes £    £   
FIXED ASSETS
Intangible assets 4 31,984
Tangible assets 5 61,251
93,235

CURRENT ASSETS
Stocks 2,000
Debtors 6 481
Cash at bank 11,726
14,207
CREDITORS
Amounts falling due within one year 7 147,132
NET CURRENT LIABILITIES (132,925 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(39,690

)

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings (39,691 )
(39,690 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 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 director and authorised for issue on 6 November 2024 and were signed by:




Mrs H A Radhakrishnan - Director


Coffee and Cake At The Close Ltd (Registered number: 14647251)

Notes to the Financial Statements
for the Period 8 February 2023 to 31 March 2024

1. STATUTORY INFORMATION

Coffee and Cake At The Close 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 five 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.
Plant and machinery etc - 10% on cost and over the lease term

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 period 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 period 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.

Coffee and Cake At The Close Ltd (Registered number: 14647251)

Notes to the Financial Statements - continued
for the Period 8 February 2023 to 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 39,980
At 31 March 2024 39,980
AMORTISATION
Charge for period 7,996
At 31 March 2024 7,996
NET BOOK VALUE
At 31 March 2024 31,984

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 68,057
At 31 March 2024 68,057
DEPRECIATION
Charge for period 6,806
At 31 March 2024 6,806
NET BOOK VALUE
At 31 March 2024 61,251

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 481

Coffee and Cake At The Close Ltd (Registered number: 14647251)

Notes to the Financial Statements - continued
for the Period 8 February 2023 to 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 11,290
Other creditors 135,842
147,132

8. POST BALANCE SHEET EVENTS

There were no post balance sheet events that require bringing to the attention of the shareholders or creditors.

9. GOING CONCERN

At 31 March 2024 the company had a net deficiency of assets of £39,690. The director has undertaken to support the company financially until the situation has been fully redressed. It is therefore deemed appropriate to prepare the financial statements on the going concern basis.