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REGISTERED NUMBER: 05609344 (England and Wales)








Unaudited Financial Statements

for the Year Ended 27 February 2024

for

Leonard's Coffee House Limited

Leonard's Coffee House Limited (Registered number: 05609344)






Contents of the Financial Statements
for the Year Ended 27 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Leonard's Coffee House Limited

Company Information
for the Year Ended 27 February 2024







DIRECTOR: Miss A Jordan





SECRETARY: Miss A Jordan





REGISTERED OFFICE: 1 Back Silver Street
Fowlers Yard
Durham City
County Durham
DH1 3RA





REGISTERED NUMBER: 05609344 (England and Wales)





ACCOUNTANTS: Inspire Chartered Accountants
6 Queens Court
Third Avenue
Team Valley
Gateshead
Tyne and Wear
NE11 0BU

Leonard's Coffee House Limited (Registered number: 05609344)

Balance Sheet
27 February 2024

27.2.24 27.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 299 351

CURRENT ASSETS
Stocks 3,250 2,600
Debtors 6 43,514 47,570
Cash at bank and in hand 438 61
47,202 50,231
CREDITORS
Amounts falling due within one year 7 39,640 38,708
NET CURRENT ASSETS 7,562 11,523
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,861

11,874

CREDITORS
Amounts falling due after more than one
year

8

6,273

11,727
NET ASSETS 1,588 147

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 1,488 47
SHAREHOLDERS' FUNDS 1,588 147

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Leonard's Coffee House Limited (Registered number: 05609344)

Balance Sheet - continued
27 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 February 2025 and were signed by:





Miss A Jordan - Director


Leonard's Coffee House Limited (Registered number: 05609344)

Notes to the Financial Statements
for the Year Ended 27 February 2024

1. STATUTORY INFORMATION

Leonard's Coffee House 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the value of goods sold during the period, net of VAT and trade discounts.
Turnover is recognised when goods are physically delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost
Computer equipment - 20% on cost

Stocks
Stock of goods is valued at the lower of cost and net realisable value. Cost represents the purchase price of goods. Net realisable value represents the selling price of completed goods less any costs necessary to complete the goods. Provision is made for slow moving, obsolete or damaged stock where net realisable value is less than cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Leonard's Coffee House Limited (Registered number: 05609344)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2024

3. ACCOUNTING POLICIES - continued
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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 9 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 28 February 2023
and 27 February 2024 12,271 30,279 1,497 44,047
DEPRECIATION
At 28 February 2023 12,272 29,998 1,426 43,696
Charge for year - 35 17 52
At 27 February 2024 12,272 30,033 1,443 43,748
NET BOOK VALUE
At 27 February 2024 (1 ) 246 54 299
At 27 February 2023 (1 ) 281 71 351

Leonard's Coffee House Limited (Registered number: 05609344)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.2.24 27.2.23
£    £   
Other debtors 43,514 47,570

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.2.24 27.2.23
£    £   
Bank loans and overdrafts 19,790 18,814
Trade creditors 2,774 183
Taxation and social security 13,603 14,490
Other creditors 3,473 5,221
39,640 38,708

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
27.2.24 27.2.23
£    £   
Bank loans 6,273 11,727

9. SECURED DEBTS

The following secured debts are included within creditors:

27.2.24 27.2.23
£    £   
Bank loans 17,875 23,330

The bank loan is secured by a personal guarantee given by A Jordan, a director of the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 27.2.24 27.2.23
value: £    £   
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
100 100

Leonard's Coffee House Limited (Registered number: 05609344)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2024

10. CALLED UP SHARE CAPITAL - continued

The A Ordinary shares and the B Ordinary shares have the same rights and privileges and shall rank pari passu in all respects save that:-

As regards income:
The A Ordinary shares and the B Ordinary shares shall be entitled to varying rates of dividends.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 27 February 2024 and 27 February 2023:

27.2.24 27.2.23
£    £   
Miss A Jordan
Balance outstanding at start of year 35,313 37,468
Amounts repaid (2,898 ) (2,155 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 32,415 35,313