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REGISTERED NUMBER: SC751586 (Scotland)















K's Coffee Shop Ltd

Financial Statements For The Period 24 June 2023 to 30 June 2024






K's Coffee Shop Ltd (Registered number: SC751586)






Contents of the Financial Statements
For The Period 24 June 2023 to 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

K's Coffee Shop Ltd

Company Information
For The Period 24 June 2023 to 30 June 2024







DIRECTORS: Mrs S M Farish
Mrs S Wallace





REGISTERED OFFICE: 11 Yellowhammer Drive
Forres
Moray
IV36 2NX





REGISTERED NUMBER: SC751586 (Scotland)





ACCOUNTANTS: The Long Partnership
Park House Centre
South Street
Elgin
IV30 1JB

K's Coffee Shop Ltd (Registered number: SC751586)

Balance Sheet
30 June 2024

30.6.24 23.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,211 -

CURRENT ASSETS
Stocks 1,872 -
Debtors 5 1,200 -
Cash at bank and in hand 14,810 2
17,882 2
CREDITORS
Amounts falling due within one year 6 66,477 -
NET CURRENT (LIABILITIES)/ASSETS (48,595 ) 2
TOTAL ASSETS LESS CURRENT
LIABILITIES

(18,384

)

2

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8 (18,386 ) -
SHAREHOLDERS' FUNDS (18,384 ) 2

K's Coffee Shop Ltd (Registered number: SC751586)

Balance Sheet - continued
30 June 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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 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 Board of Directors and authorised for issue on 11 November 2024 and were signed on its behalf by:




Mrs S M Farish - Director



Mrs S Wallace - Director


K's Coffee Shop Ltd (Registered number: SC751586)

Notes to the Financial Statements
For The Period 24 June 2023 to 30 June 2024

1. STATUTORY INFORMATION

K's Coffee Shop Ltd is a private company, limited by shares , registered in Scotland. 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.

The accounts have been prepared on the going concern basis due to the continuing support of the directors..

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.
Equipment - 20% 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 (2023 - 2 ) .

K's Coffee Shop Ltd (Registered number: SC751586)

Notes to the Financial Statements - continued
For The Period 24 June 2023 to 30 June 2024

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
Additions 31,206
At 30 June 2024 31,206
DEPRECIATION
Charge for period 995
At 30 June 2024 995
NET BOOK VALUE
At 30 June 2024 30,211

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 23.6.23
£    £   
Other debtors 1,200 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 23.6.23
£    £   
Trade creditors 445 -
Taxation and social security 5,502 -
Other creditors 60,530 -
66,477 -

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 30.6.24 23.6.23
value: £    £   
2 Ordinary shares £1 2 2

8. RESERVES
Retained
earnings
£   

Deficit for the period (18,386 )
At 30 June 2024 (18,386 )

K's Coffee Shop Ltd (Registered number: SC751586)

Notes to the Financial Statements - continued
For The Period 24 June 2023 to 30 June 2024

9. RELATED PARTY DISCLOSURES

Mrs S M Farish
is a director of the company


An interest free loan has been given to the company from the director. There are no repayment terms.

30.6.24 23.6.23
£    £   
Amount due to related party at the balance sheet date 22,466 -

Mrs S Wallace
is a director of the company


An interest free loan has been given to the company from the director. There are no repayment terms.

30.6.24 23.6.23
£    £   
Amount due to related party at the balance sheet date 22,857 -

10. ULTIMATE CONTROLLING PARTY

The company is under the joint control of the directors.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
K's Coffee Shop Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of K's Coffee Shop Ltd for the period ended 30 June 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of K's Coffee Shop Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of K's Coffee Shop Ltd and state those matters that we have agreed to state to the Board of Directors of K's Coffee Shop Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than K's Coffee Shop Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that K's Coffee Shop Ltd 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 K's Coffee Shop Ltd. You consider that K's Coffee Shop Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of K's Coffee Shop Ltd. 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.






The Long Partnership
Park House Centre
South Street
Elgin
IV30 1JB


11 November 2024