Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-3110No description of principal activitytrue2023-07-04falsefalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14980023 2023-07-03 14980023 2023-07-04 2024-07-31 14980023 2022-07-04 2023-07-03 14980023 2024-07-31 14980023 c:Director1 2023-07-04 2024-07-31 14980023 d:PlantMachinery 2023-07-04 2024-07-31 14980023 d:PlantMachinery 2024-07-31 14980023 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-04 2024-07-31 14980023 d:CurrentFinancialInstruments 2024-07-31 14980023 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 14980023 d:RetainedEarningsAccumulatedLosses 2024-07-31 14980023 c:FRS102 2023-07-04 2024-07-31 14980023 c:AuditExempt-NoAccountantsReport 2023-07-04 2024-07-31 14980023 c:FullAccounts 2023-07-04 2024-07-31 14980023 c:PrivateLimitedCompanyLtd 2023-07-04 2024-07-31 14980023 e:PoundSterling 2023-07-04 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 14980023










CLIFFS COFFEE LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JULY 2024

 
CLIFFS COFFEE LTD
REGISTERED NUMBER: 14980023

BALANCE SHEET
AS AT 31 JULY 2024

2024
Note
£

Fixed assets
  

Tangible assets
 3 
6,720

Current assets
  

Debtors: amounts falling due within one year
 4 
1,574

Cash at bank and in hand
 5 
7,714

  
9,288

Creditors: amounts falling due within one year
 6 
(18,861)

Net current (liabilities)/assets
  
 
 
(9,573)

Total assets less current liabilities
  
(2,853)

  

Net (liabilities)/assets
  
(2,853)


Capital and reserves
  

Profit and loss account
  
(2,853)

  
(2,853)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 December 2024.



Lily Lois Du plessis
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
CLIFFS COFFEE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

1.


General information

Cliffs Coffee Ltd is a private company limited by shares which was incorporated in England and Wales. The company's registered address is 14 Grotto Hill, Margate, CT9 2BU.
The financial statements are presented in Pounds Sterling and rounded to the nearest pound.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 2

 
CLIFFS COFFEE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
CLIFFS COFFEE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


Additions
8,400



At 31 July 2024

8,400



Depreciation


Charge for the period on owned assets
1,680



At 31 July 2024

1,680



Net book value



At 31 July 2024
6,720


4.


Debtors

2024
£


Trade debtors
1,574

1,574


Page 4

 
CLIFFS COFFEE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

5.


Cash and cash equivalents

2024
£

Cash at bank and in hand
7,714

7,714



6.


Creditors: Amounts falling due within one year

2024
£

Other taxation and social security
1,049

Other creditors
16,912

Accruals and deferred income
900

18,861


 
Page 5