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REGISTERED NUMBER: SC797329 (Scotland)















Unaudited Financial Statements

for the Period 31 January 2024 to 31 January 2025

for

3Coco Ltd

3Coco Ltd (Registered number: SC797329)






Contents of the Financial Statements
for the Period 31 January 2024 to 31 January 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


3Coco Ltd

Company Information
for the Period 31 January 2024 to 31 January 2025







DIRECTOR: M S C Sissani





REGISTERED OFFICE: 5 Mclaren Terrace
Edinburgh
EH11 2BN





REGISTERED NUMBER: SC797329 (Scotland)





ACCOUNTANTS: One Accounting Ltd
Chartered Management Accountants
Drumsheugh Toll
2 Belford Road
Edinburgh
Midlothian
EH4 3BL

3Coco Ltd (Registered number: SC797329)

Statement of Financial Position
31 January 2025

Notes £    £   
FIXED ASSETS
Intangible assets 4 37,667
Tangible assets 5 22,564
60,231

CURRENT ASSETS
Stocks 2,800
Debtors 6 3,277
Cash at bank and in hand 20,381
26,458
CREDITORS
Amounts falling due within one year 7 133,552
NET CURRENT LIABILITIES (107,094 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(46,863

)

PROVISIONS FOR LIABILITIES 5,641
NET LIABILITIES (52,504 )

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings (52,505 )
(52,504 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 May 2025 and were signed by:




M S C Sissani - Director


3Coco Ltd (Registered number: SC797329)

Notes to the Financial Statements
for the Period 31 January 2024 to 31 January 2025

1. STATUTORY INFORMATION

3Coco Ltd is a private company, limited by shares , registered in Scotland. 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 received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties.

Debt instruments, including loans and other accounts receivable and payable are initially measured at transaction price adjusted for transaction costs. They are subsequently recognised at amortised costs using the effective interest method.

Creditors payable within one year, typically trade payables, are measured initially and subsequently at the
undiscounted amount of the cash or other consideration expected to be paid.

Debtors payable within one year, typically trade receivables, are measured initially and subsequently at the
undiscounted amount of the cash or other consideration expected to be received.

Taxation
Taxation for the period 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 statement of financial position date.


3Coco Ltd (Registered number: SC797329)

Notes to the Financial Statements - continued
for the Period 31 January 2024 to 31 January 2025

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Going concern
At the balance sheet date the Company's liabilities exceed its assets by £52,504. The Company meets its day to day working capital requirements from daily takings and a loan from the Director. The financial statements were prepared on a going concern basis, which assumes that the Company will continue in operational existence for the foreseeable future. The Director believes that the financial statements should be prepared on a going concern basis and appropriate funding will be available if required.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 40,000
At 31 January 2025 40,000
AMORTISATION
Charge for period 2,333
At 31 January 2025 2,333
NET BOOK VALUE
At 31 January 2025 37,667

3Coco Ltd (Registered number: SC797329)

Notes to the Financial Statements - continued
for the Period 31 January 2024 to 31 January 2025

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 27,169
At 31 January 2025 27,169
DEPRECIATION
Charge for period 4,605
At 31 January 2025 4,605
NET BOOK VALUE
At 31 January 2025 22,564

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 2,953
Prepayments and accrued income 324
3,277

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 5,194
Social security and other taxes 5,244
VAT 21,966
Other creditors 1,795
Directors' current accounts 98,155
Accrued expenses 1,198
133,552