Registered number
11437980
Bean Coffee Liverpool No. 6 Ltd
Unaudited Filleted Accounts
31 March 2024
Bean Coffee Liverpool No. 6 Ltd
Registered number: 11437980
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 56 70
Current assets
Stocks 1,965 2,286
Debtors 4 47,543 42,432
Cash at bank and in hand 1,048 2,601
50,556 47,319
Creditors: amounts falling due within one year 5 (32,743) (26,953)
Net current assets 17,813 20,366
Total assets less current liabilities 17,869 20,436
Creditors: amounts falling due after more than one year 6 (18,405) (21,831)
Net liabilities (536) (1,395)
Capital and reserves
Called up share capital 100 100
Profit and loss account (636) (1,495)
Shareholder's funds (536) (1,395)
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 17 February 2025
Bean Coffee Liverpool No. 6 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:
Catering 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 1 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 215
At 31 March 2024 215
Depreciation
At 1 April 2023 145
Charge for the year 14
At 31 March 2024 159
Net book value
At 31 March 2024 56
At 31 March 2023 70
4 Debtors 2024 2023
£ £
Trade debtors 15,212 7,101
Other debtors 32,331 35,331
47,543 42,432
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 7,400 7,400
Trade creditors 11,036 7,022
Taxation and social security costs 13,357 11,654
Other creditors 950 877
32,743 26,953
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 18,405 21,831
7 Related party transactions
At 31 March 2024, the company was owed £32,231 (2023 - £35,231) by Bean Coffee Holdings Ltd. Both companies are under the control of the directors Mr J Whyte and Mr V Bhatt.
8 Other information
Bean Coffee Liverpool No. 6 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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