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Registration number: 11453599

Cochabamba Parfums Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Cochabamba Parfums Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Cochabamba Parfums Limited

Company Information

Directors

Bridget Plant

Rebecca Louise Brown

Registered office

80-83 Long Lane
London
EC1A 9ET

Accountants

Carbon Accountancy Limited
Chartered Accountants80-83 Long Lane
London
EC1A 9ET

 

Cochabamba Parfums Limited

(Registration number: 11453599)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

18,331

19,323

Tangible assets

5

-

399

 

18,331

19,722

Current assets

 

Stocks

6

38,510

41,320

Debtors

7

4,361

14,439

Cash at bank and in hand

 

11,549

10,662

 

54,420

66,421

Creditors: Amounts falling due within one year

8

(660,094)

(590,558)

Net current liabilities

 

(605,674)

(524,137)

Net liabilities

 

(587,343)

(504,415)

Capital and reserves

 

Called up share capital

9

1

1

Share premium reserve

1

1

Retained earnings

(587,345)

(504,417)

Shareholders' deficit

 

(587,343)

(504,415)

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Cochabamba Parfums Limited

(Registration number: 11453599)
Balance Sheet as at 31 July 2024

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 April 2025 and signed on its behalf by:
 

.........................................
Rebecca Louise Brown
Director

 

Cochabamba Parfums Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
80-83 Long Lane
London
EC1A 9ET
United Kingdom

These financial statements were authorised for issue by the Board on 15 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

As of the balance sheet date, there was a net deficiency of assets amounting to £587,343 (2023: £504,415). However, based on the directors' assessment of future performance and their continued support, the accounts have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Revenue from the sales of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyers (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 

Cochabamba Parfums Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% on cost

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less
accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Trademarks

over 10 years straight line

Website development

over 10 years straight line

 

Cochabamba Parfums Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Cochabamba Parfums Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Trademark

Internally generated software development costs
 £

Trademark
£

Total
£

Cost or valuation

At 1 August 2023

21,140

3,175

24,315

Additions acquired separately

-

1,454

1,454

At 31 July 2024

21,140

4,629

25,769

Amortisation

At 1 August 2023

4,228

764

4,992

Amortisation charge

2,114

332

2,446

At 31 July 2024

6,342

1,096

7,438

Carrying amount

At 31 July 2024

14,798

3,533

18,331

At 31 July 2023

16,912

2,411

19,323

 

Cochabamba Parfums Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 August 2023

1,173

1,173

At 31 July 2024

1,173

1,173

Depreciation

At 1 August 2023

774

774

Charge for the year

399

399

At 31 July 2024

1,173

1,173

Carrying amount

At 31 July 2024

-

-

At 31 July 2023

399

399

6

Stocks

2024
£

2023
£

Other inventories

38,510

41,320

7

Debtors

Note

2024
£

2023
£

Trade debtors

 

2,858

7,187

Other debtors

 

1,503

2,221

Income tax asset

-

5,031

 

4,361

14,439

 

Cochabamba Parfums Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

2,986

18,771

Accruals and deferred income

 

1,500

1,500

Other creditors

10

655,608

570,287

 

660,094

590,558

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £0.01 each

100

1

100

1

       

10

Related party transactions

Transactions with directors

2024

At 1 August 2023
£

Other payments made to company by director
£

At 31 July 2024
£

Rebecca Louise Brown

Loan

3,301

245

3,545

-

-

-

3,301

245

3,545

Bridget Plant

Loan

566,986

85,000

651,986

-

-

-

566,986

85,000

651,986

 

Cochabamba Parfums Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

2023

At 1 August 2022
£

Other payments made to company by director
£

At 31 July 2023
£

Rebecca Louise Brown

Loan

10,138

(6,837)

3,301

-

-

-

10,138

(6,837)

3,301

Bridget Plant

Loan

427,986

139,000

566,986

-

-

-

427,986

139,000

566,986