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REGISTERED NUMBER: 12821317 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

Coral And Mint Ltd

Coral And Mint Ltd (Registered number: 12821317)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 August 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Coral And Mint Ltd

COMPANY INFORMATION
for the year ended 31 August 2024







Director: Mrs K L Banks





Registered office: 10 Anchor Centre
Kingsbridge
Devon
TQ7 1SB





Registered number: 12821317 (England and Wales)





Accountants: Websters
129 North Hill
Plymouth
Devon
PL4 8JY

Coral And Mint Ltd (Registered number: 12821317)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £    £   
Fixed assets
Tangible assets 4 50,917 4,003

Current assets
Stocks 25,254 22,722
Debtors 5 17,108 21,871
Cash at bank and in hand 30,653 14,841
73,015 59,434
Creditors
Amounts falling due within one year 6 66,038 26,005
Net current assets 6,977 33,429
Total assets less current liabilities 57,894 37,432

Capital and reserves
Called up share capital 7 2 2
Retained earnings 57,892 37,430
Shareholders' funds 57,894 37,432

Coral And Mint Ltd (Registered number: 12821317)

BALANCE SHEET - continued
31 August 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 April 2025 and were signed by:





Mrs K L Banks - Director


Coral And Mint Ltd (Registered number: 12821317)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2024

1. STATUTORY INFORMATION

Coral And Mint Ltd 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. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration receivable, net of discounts. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of goods have transferred to the buyer.

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 - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

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.

Coral And Mint Ltd (Registered number: 12821317)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Coral And Mint Ltd (Registered number: 12821317)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1 September 2023 5,084 - 895 5,979
Additions 3,371 45,120 2,063 50,554
At 31 August 2024 8,455 45,120 2,958 56,533
Depreciation
At 1 September 2023 1,654 - 322 1,976
Charge for year 1,097 2,256 287 3,640
At 31 August 2024 2,751 2,256 609 5,616
Net book value
At 31 August 2024 5,704 42,864 2,349 50,917
At 31 August 2023 3,430 - 573 4,003

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 15,945 20,790
Other debtors 1,163 1,081
17,108 21,871

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 11,884 5,606
Taxation and social security 14,295 11,739
Other creditors 39,859 8,660
66,038 26,005

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

Coral And Mint Ltd (Registered number: 12821317)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024

8. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed the following amounts to the director:

Mrs K Stanley £38,364

9. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the director, Mrs K Stanley.