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REGISTERED NUMBER: 11891460 (England and Wales)















Financial Statements for the Year Ended 31 May 2024

for

Coffee Tzar Kemptown Limited

Coffee Tzar Kemptown Limited (Registered number: 11891460)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Coffee Tzar Kemptown Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: I Irwin





REGISTERED OFFICE: 24 Garnet House
St Georges Road
Brighton
East Sussex
BN2 1EU





REGISTERED NUMBER: 11891460 (England and Wales)





ACCOUNTANTS: Atkinsons
Chartered Accountants
Palmeira Avenue Mansions
19 Church Road
Hove
East Sussex
BN3 2FA

Coffee Tzar Kemptown Limited (Registered number: 11891460)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,936 72,529

CURRENT ASSETS
Stocks 1,000 3,071
Debtors 5 15,513 12,886
Cash at bank and in hand 599 5,123
17,112 21,080
CREDITORS
Amounts falling due within one year 6 16,995 29,995
NET CURRENT ASSETS/(LIABILITIES) 117 (8,915 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,053

63,614

CREDITORS
Amounts falling due after more than one
year

7

(93,938

)

(82,465

)

PROVISIONS FOR LIABILITIES (7,774 ) (10,795 )
NET LIABILITIES (47,659 ) (29,646 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (47,759 ) (29,746 )
SHAREHOLDERS' FUNDS (47,659 ) (29,646 )

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

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

The director acknowledges his 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.

Coffee Tzar Kemptown Limited (Registered number: 11891460)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 January 2025 and were signed by:





I Irwin - Director


Coffee Tzar Kemptown Limited (Registered number: 11891460)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Coffee Tzar Kemptown Limited 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.
Short leasehold - Straight line over 10 years
Improvements to property - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 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 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 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.

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 year was 8 (2023 - 8 ) .

Coffee Tzar Kemptown Limited (Registered number: 11891460)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Short to Plant and and
leasehold property machinery fittings Totals
£    £    £    £    £   
COST
At 1 June 2023 26,938 55,850 27,895 8,720 119,403
Additions - - 1,038 - 1,038
At 31 May 2024 26,938 55,850 28,933 8,720 120,441
DEPRECIATION
At 1 June 2023 11,224 21,734 8,898 5,018 46,874
Charge for year 2,694 11,083 4,964 890 19,631
At 31 May 2024 13,918 32,817 13,862 5,908 66,505
NET BOOK VALUE
At 31 May 2024 13,020 23,033 15,071 2,812 53,936
At 31 May 2023 15,714 34,116 18,997 3,702 72,529

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 15,513 12,886

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 13,729 23,020
Trade creditors 1,023 4,022
Taxation and social security 2,128 579
Other creditors 115 2,374
16,995 29,995

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 27,232 32,872
Other creditors 66,706 49,593
93,938 82,465

8. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption under FRS 102 1AC.35 whereby particulars need not be given for related party transactions concluded under normal market conditions, or transactions entered into between two or more members of a group, provided that any subsidiary which is party to the transactions is wholly-owned by such a member.