Company Registration No. SC565544 (Scotland)
Isle of Arran Coffee Company Ltd
Unaudited accounts
for the year ended 31 August 2024
Isle of Arran Coffee Company Ltd
Unaudited accounts
Contents
Isle of Arran Coffee Company Ltd
Company Information
for the year ended 31 August 2024
Directors
Joan Marie Alix Hitching
Sofia Zografia Pantazidou
Company Number
SC565544 (Scotland)
Registered Office
8 THE BRAE
LAMLASH
ISLE OF ARRAN
KA27 8NA
SCOTLAND
Isle of Arran Coffee Company Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
2,661
3,548
Cash at bank and in hand
387
13,999
Creditors: amounts falling due within one year
(200)
5
Net current assets
11,908
14,247
Called up share capital
2
2
Profit and loss account
14,567
17,793
Shareholders' funds
14,569
17,795
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by
Sofia Zografia Pantazidou
Director
Company Registration No. SC565544
Isle of Arran Coffee Company Ltd
Notes to the Accounts
for the year ended 31 August 2024
Isle of Arran Coffee Company Ltd is a private company, limited by shares, registered in Scotland, registration number SC565544. The registered office is 8 THE BRAE, LAMLASH, ISLE OF ARRAN, KA27 8NA, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Fixtures & fittings
25% Reducing balance
Computer equipment
25% Reducing balance
The directors have formed a judgement, at the time of approving the financial statements, that there is an expectation that the Company, with the support of its shareholders, has adequate resources to continue in operational existence for the foreseeable future being at least twelve months from the date of the financial statements. For this reason, they continue to adopt the going concern basis in preparing the financial statements as set out in the going concern section of the Directors' Report.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
4,200
3,349
975
8,524
At 31 August 2024
4,200
3,349
975
8,524
At 1 September 2023
2,675
1,726
575
4,976
Charge for the year
381
406
100
887
At 31 August 2024
3,056
2,132
675
5,863
At 31 August 2024
1,144
1,217
300
2,661
At 31 August 2023
1,525
1,623
400
3,548
Isle of Arran Coffee Company Ltd
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
-
(21)
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).