Registered number
12161501
Tunbridge Wells Coffee Roastery Limited
Unaudited Filleted Accounts
31 August 2024
Tunbridge Wells Coffee Roastery Limited
Registered number: 12161501
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 19,581 26,019
Current assets
Stocks 1,599 4,099
Debtors 4 18,043 16,098
Cash at bank and in hand 54,856 53,712
74,498 73,909
Creditors: amounts falling due within one year 5 (17,438) (13,415)
Net current assets 57,060 60,494
Total assets less current liabilities 76,641 86,513
Creditors: amounts falling due after more than one year 6 - (12,000)
Provisions for liabilities (3,720) (4,943)
Net assets 72,921 69,570
Capital and reserves
Called up share capital 1 1
Profit and loss account 72,920 69,569
Shareholders' funds 72,921 69,570
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mr P Sturdey
Director
Approved by the board on 22 February 2025
Tunbridge Wells Coffee Roastery Limited
Notes to the Accounts
for the year ended 31 August 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:
Plant and machinery over 5 years
Motor vehicles 25% 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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2023 36,348 14,600 50,948
Additions 3,949 - 3,949
Disposals (2,110) - (2,110)
At 31 August 2024 38,187 14,600 52,787
Depreciation
At 1 September 2023 18,086 6,843 24,929
Charge for the year 6,725 1,939 8,664
On disposals (387) - (387)
At 31 August 2024 24,424 8,782 33,206
Net book value
At 31 August 2024 13,763 5,818 19,581
At 31 August 2023 18,262 7,757 26,019
4 Debtors 2024 2023
£ £
Trade debtors 10,317 8,328
Director loan 5,036 5,807
Other debtors 2,690 1,963
18,043 16,098
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 12,454 4,781
Taxation and social security costs 4,984 8,634
17,438 13,415
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors - 12,000
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr P Sturdey 5,807 - (771) 5,036
5,807 - (771) 5,036
The loan is non-interest bearing and repayable on demand.
8 Other information
Tunbridge Wells Coffee Roastery Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Maisonette
64 High Street
Tunbridge Wells
Kent
TN1 1YB
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