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REGISTERED NUMBER: 10505818 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

OUT OF OFFICE COFFEE LTD

OUT OF OFFICE COFFEE LTD (REGISTERED NUMBER: 10505818)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OUT OF OFFICE COFFEE LTD

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: S Dick





REGISTERED OFFICE: 45b High Street
Stony Stratford
Milton Keynes
MK11 1AA





REGISTERED NUMBER: 10505818 (England and Wales)





ACCOUNTANTS: Cox & Co. (Accountancy) Limited
Chartered Accountants
The Granary
High Street
Turvey
Bedford
Bedfordshire
MK43 8DB

OUT OF OFFICE COFFEE LTD (REGISTERED NUMBER: 10505818)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,062 1,552
Tangible assets 5 80,538 112,068
81,600 113,620

CURRENT ASSETS
Stocks 10,266 9,853
Debtors 6 4,347 4,448
Prepayments and accrued income 1,509 1,278
Cash at bank and in hand 26,587 21,481
42,709 37,060
CREDITORS
Amounts falling due within one year 7 171,842 206,114
NET CURRENT LIABILITIES (129,133 ) (169,054 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(47,533

)

(55,434

)

CREDITORS
Amounts falling due after more than one
year

8

32,886

39,448
NET LIABILITIES (80,419 ) (94,882 )

CAPITAL AND RESERVES
Called up share capital 131,088 131,088
Share premium 490,042 490,042
Retained earnings (701,549 ) (716,012 )
(80,419 ) (94,882 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

OUT OF OFFICE COFFEE LTD (REGISTERED NUMBER: 10505818)

Balance Sheet - continued
31 MARCH 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 11 February 2025 and were signed by:





S Dick - Director


OUT OF OFFICE COFFEE LTD (REGISTERED NUMBER: 10505818)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Out of Office Coffee 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.

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.

Computer software is being amortised evenly over its estimated useful life of six years.

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 - 20% on cost

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.

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.

OUT OF OFFICE COFFEE LTD (REGISTERED NUMBER: 10505818)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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 36 (2023 - 37 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 2,450
AMORTISATION
At 1 April 2023 898
Charge for year 490
At 31 March 2024 1,388
NET BOOK VALUE
At 31 March 2024 1,062
At 31 March 2023 1,552

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 334,954
DEPRECIATION
At 1 April 2023 222,886
Charge for year 31,530
At 31 March 2024 254,416
NET BOOK VALUE
At 31 March 2024 80,538
At 31 March 2023 112,068

OUT OF OFFICE COFFEE LTD (REGISTERED NUMBER: 10505818)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 597 698
Other debtors 3,750 3,750
4,347 4,448

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 28,037 34,561
Taxation and social security 34,632 40,824
Other creditors 109,173 130,729
171,842 206,114

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 32,886 39,448