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REGISTERED NUMBER: 12155998 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

COOL BEANS ONLINE RETAIL LTD.

COOL BEANS ONLINE RETAIL LTD. (REGISTERED NUMBER: 12155998)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COOL BEANS ONLINE RETAIL LTD.

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTOR: Mr K R McHarg





REGISTERED OFFICE: 288 Church Street
Blackpool
Lancashire
FY1 3QA





REGISTERED NUMBER: 12155998 (England and Wales)





ACCOUNTANTS: ma2 (Blackpool) Limited
288 Church Street
Blackpool
Lancashire
FY1 3QA

COOL BEANS ONLINE RETAIL LTD. (REGISTERED NUMBER: 12155998)

BALANCE SHEET
31 January 2024

31.1.24 31.1.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 28,400 31,950
Tangible assets 5 17,567 22,915
45,967 54,865

CURRENT ASSETS
Stocks 8,365 7,957
Debtors 6 32,000 3,356
Cash at bank 2,151 3,730
42,516 15,043
CREDITORS
Amounts falling due within one year 7 90,420 76,181
NET CURRENT LIABILITIES (47,904 ) (61,138 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,937

)

(6,273

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (2,037 ) (6,373 )
(1,937 ) (6,273 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

COOL BEANS ONLINE RETAIL LTD. (REGISTERED NUMBER: 12155998)

BALANCE SHEET - continued
31 January 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 May 2025 and were signed by:





Mr K R McHarg - Director


COOL BEANS ONLINE RETAIL LTD. (REGISTERED NUMBER: 12155998)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

Cool Beans Online Retail 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 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 2022, 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 - 25% on reducing balance
Fixtures and fittings - 10% on reducing balance
Computer equipment - 25% on 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


COOL BEANS ONLINE RETAIL LTD. (REGISTERED NUMBER: 12155998)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024


2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 35,500
AMORTISATION
At 1 February 2023 3,550
Amortisation for year 3,550
At 31 January 2024 7,100
NET BOOK VALUE
At 31 January 2024 28,400
At 31 January 2023 31,950

COOL BEANS ONLINE RETAIL LTD. (REGISTERED NUMBER: 12155998)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 February 2023
and 31 January 2024 24,946 1,650 895 2,503 29,994
DEPRECIATION
At 1 February 2023 6,236 413 172 258 7,079
Charge for year 4,677 309 137 225 5,348
At 31 January 2024 10,913 722 309 483 12,427
NET BOOK VALUE
At 31 January 2024 14,033 928 586 2,020 17,567
At 31 January 2023 18,710 1,237 723 2,245 22,915

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors - 3,356
Other debtors 32,000 -
32,000 3,356

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 6,621 4,640
Tax 2,939 -
VAT 3,939 2,858
Other creditors 75,307 67,867
Accrued expenses 1,614 816
90,420 76,181