Company registration number: NI073606
Unaudited financial statements
for the year ended 30 November 2024
for
Coffee Yard Ltd
Pages for filing with the Registrar
Company registration number: NI073606
Coffee Yard Ltd
Balance sheet
as at 30 November 2024
ERROR: Balance sheet does not balance
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 85,866 86,061
85,866 86,061
Current assets
Stocks 1,975 2,150
Debtors 100,441 102,588
Cash at bank and in hand 125,579 79,442
227,995 184,180
Creditors: amounts falling due within one
year
(119,187) (71,327)
Net current assets 108,808 112,853
Total assets less current liabilities 194,674 198,914
Creditors: Amounts falling due after more
than one year
126 (9,738)
NET ASSETS 194,800 189,176
Capital and reserves
Called up share capital 100 100
Profit and loss account 194,700 189,077
TOTAL EQUITY 194,800 189,177
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 November 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: NI073606
Coffee Yard Ltd
Balance sheet - continued
as at 30 November 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 20 May 2025 and signed on its behalf by:
Mr J Beattie, Director Mrs N Beattie, Director
20 May 2025 20 May 2025
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Coffee Yard Ltd
Notes to the financial statements
for the year ended 30 November 2024
1 Company information
Coffee Yard Ltd is a private company registered in Northern Ireland. Its registered number is NI073606. The company is limited by shares. Its registered office is 106 High Street, Holywood, County Down, BT18 9HW.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold Property - 0% reducing balance
Plant and machinery etc.:
Plant and Machinery - 15% reducing balance
Fixtures & Fittings - 15% reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
3
Coffee Yard Ltd
Notes to the financial statements - continued
for the year ended 30 November 2024
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 22 (2023 - 21).
4 Tangible fixed assets
Land and
buildings
Plant and
machinery
etc.
Totals
£ £ £
Cost
At 1 December 2023 37,256 312,422 349,678
Additions - 8,382 8,382
At 30 November 2024 37,256 320,804 358,060
Depreciation
At 1 December 2023 - 263,617 263,617
Charge for year - 8,577 8,577
At 30 November 2024 - 272,194 272,194
Net book value
At 30 November 2024 37,256 48,610 85,866
At 30 November 2023 37,256 48,805 86,061
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Coffee Yard Ltd
Notes to the financial statements - continued
for the year ended 30 November 2024
4 Tangible fixed assets - continued
If Fixtures & Fittings had not been revalued, it would have been included at the following historical cost:
2024 2023
£ £
Cost 266,098 -
Accumulated depreciation 234,759 -
5 Advances, credit and guarantees granted to directors
The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023.
2024 2023
£ £
James Beattie
Amounts advanced 50,280 -
Amounts repaid (52,193) -
Balance outstanding at end of year (1,913) -
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