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REGISTERED NUMBER: 11078524 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2024

FOR

LOAFERS VINYL AND COFFEE LIMITED

LOAFERS VINYL AND COFFEE LIMITED (REGISTERED NUMBER: 11078524)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOAFERS VINYL AND COFFEE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2024







DIRECTORS: M A Richardson
Mrs S E Richardson





REGISTERED OFFICE: AE3
The Piece Hall
Halifax
HX1 1RE





REGISTERED NUMBER: 11078524 (England and Wales)





ACCOUNTANTS: Cresswells
12 Market Street
Hebden Bridge
West Yorkshire
HX7 6AD

LOAFERS VINYL AND COFFEE LIMITED (REGISTERED NUMBER: 11078524)

BALANCE SHEET
30TH NOVEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 26,666 37,084

CURRENT ASSETS
Stocks 9,815 9,875
Debtors 5 3,439 3,896
Cash at bank and in hand 85,313 114,485
98,567 128,256
CREDITORS
Amounts falling due within one year 6 55,840 66,928
NET CURRENT ASSETS 42,727 61,328
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,393

98,412

PROVISIONS FOR LIABILITIES 6,707 9,371
NET ASSETS 62,686 89,041

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 62,684 89,039
SHAREHOLDERS' FUNDS 62,686 89,041

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

LOAFERS VINYL AND COFFEE LIMITED (REGISTERED NUMBER: 11078524)

BALANCE SHEET - continued
30TH 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9th June 2025 and were signed on its behalf by:




M A Richardson - Director



Mrs S E Richardson - Director


LOAFERS VINYL AND COFFEE LIMITED (REGISTERED NUMBER: 11078524)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024

1. STATUTORY INFORMATION

Loafers Vinyl and Coffee Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 etc - 25% on reducing balance and 15% 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.

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.

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.

LOAFERS VINYL AND COFFEE LIMITED (REGISTERED NUMBER: 11078524)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st December 2023 36,611 31,000 67,611
Additions 2,893 - 2,893
At 30th November 2024 39,504 31,000 70,504
DEPRECIATION
At 1st December 2023 20,839 9,688 30,527
Charge for year 5,561 7,750 13,311
At 30th November 2024 26,400 17,438 43,838
NET BOOK VALUE
At 30th November 2024 13,104 13,562 26,666
At 30th November 2023 15,772 21,312 37,084

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 74
Other debtors 681 681
Social security and other tax - 794
Prepayments and accrued income 2,758 2,347
3,439 3,896

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,522 14,654
Tax 17,035 33,839
VAT 7,462 11,136
Other creditors - 1,981
Directors' current accounts 1,931 2,191
Accrued expenses 26,890 3,127
55,840 66,928