Registered number
07651765
Bean Coffee Liverpool No. 4 Ltd
Unaudited Filleted Accounts
31 March 2024
Bean Coffee Liverpool No. 4 Ltd
Registered number: 07651765
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 30,866 37,057
Current assets
Stocks 6,800 5,977
Debtors 4 137,482 146,428
Cash at bank and in hand 50,644 40,664
194,926 193,069
Creditors: amounts falling due within one year 5 (174,129) (177,084)
Net current assets 20,797 15,985
Total assets less current liabilities 51,663 53,042
Creditors: amounts falling due after more than one year 6 (27,004) (31,167)
Net assets 24,659 21,875
Capital and reserves
Called up share capital 100 100
Profit and loss account 24,559 21,775
Shareholder's funds 24,659 21,875
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Whyte
Director
Approved by the board on 8 February 2025
Bean Coffee Liverpool No. 4 Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Shop fitout 20% reducing balance
Catering equipment 25% reducing balance
Office equipment 33% reducing balance
Fixtures, fittings, tools and equipment 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Improvements to leasehold Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 62,702 56,703 119,405
Additions - 1,722 1,722
At 31 March 2024 62,702 58,425 121,127
Depreciation
At 1 April 2023 48,364 33,984 82,348
Charge for the year 2,868 5,045 7,913
At 31 March 2024 51,232 39,029 90,261
Net book value
At 31 March 2024 11,470 19,396 30,866
At 31 March 2023 14,338 22,719 37,057
4 Debtors 2024 2023
£ £
Trade debtors 298 948
Other debtors 137,184 145,480
137,482 146,428
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 53,165 42,774
Taxation and social security costs 93,758 98,074
Other creditors 17,206 26,236
174,129 177,084
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 27,004 31,167
7 Related party transactions
At 31 March 2024, the company was owed £132,084 (2023 - £144,884) by Bean Coffee Holdings Ltd. Both companies are under the common control of Mr J Whyte and Mr V Bhatt.
8 Other information
Bean Coffee Liverpool No. 4 Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Exchange Station
Tithebarn Street
Liverpool
L2 2QP
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