Play Latte Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05146443 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2019

for

Play Latte Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss C S Dunlevy

REGISTERED OFFICE:

73 South Drive

Chorltonville

Manchester

M21 8ED

REGISTERED NUMBER:

05146443 (England and Wales)

ACCOUNTANTS:

Lucas Reis Ltd

Chartered Accountants

Landmark House

Station Rd

Cheadle Hulme

Cheshire

SK8 7BS

FIXED ASSETS

Tangible assets

4

302,557

361,875

CURRENT ASSETS

Stocks

5,925

5,055

Debtors

5

626,144

120,725

Cash at bank and in hand

615,107

913,034

1,247,176

1,038,814

CREDITORS

Amounts falling due within one year

6

405,127

406,022

NET CURRENT ASSETS

842,049

632,792

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,144,606

994,667

PROVISIONS FOR LIABILITIES

36,560

42,237

NET ASSETS

1,108,046

952,430

CAPITAL AND RESERVES

Called up share capital

7

2

Retained earnings

1,108,044

952,428

SHAREHOLDERS' FUNDS

1,108,046

952,430

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 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 on 27 September 2019 and were signed by:

Miss C S Dunlevy - Director

1.	STATUTORY INFORMATION

Play Latte 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.

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.

Land and buildings

-

10% on cost

Plant and machinery etc

-

15% 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 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 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.

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 65 (2018 - 59 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 May 2018

323,537

850,761

1,174,298

Additions

3,870

4,158

8,028

At 30 April 2019

327,407

854,919

1,182,326

DEPRECIATION

At 1 May 2018

257,599

554,824

812,423

Charge for year

22,332

45,014

67,346

At 30 April 2019

279,931

599,838

879,769

NET BOOK VALUE

At 30 April 2019

47,476

255,081

302,557

At 30 April 2018

65,938

295,937

361,875

5.

DEBTORS

30.4.19

30.4.18

£

Amounts falling due within one year:

Other debtors

500,000

-

Prepayments and accrued income

82,319

76,900

582,319

76,900

30.4.19

30.4.18

£

Amounts falling due after more than one year:

Other debtors

43,825

Aggregate amounts

626,144

120,725

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

Trade creditors

83,552

96,472

Company credit card

7,071

6,296

Tax

72,624

82,804

Social security and other taxes

8,477

8,120

VAT

76,202

94,438

other creditors

13,586

10,874

Directors current account

132,198

91,336

Accruals and deferred income

11,417

15,682

405,127

406,022

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.19

30.4.18

value:

£

2

Ordinary

£1

2

8.	OTHER FINANCIAL COMMITMENTS

The company has outstanding commitments in respect of operating leases totalling £90,000 as at 30th

April 2019 (2018: £180,000).

9.	RELATED PARTY DISCLOSURES

The director, Miss Dunlevy, owns a property from which the company trades. During the year Miss

Dunlevy charged the company rent of £41,250 (2018: £36,146)

At the end of the year there is £500,000 included in other debtors which is a loan made to My Abode

Limited, a company in which Miss Dunlevy is a director.The loan is interest free and repayable on

demand.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Miss C S Dunlevy.

Play Latte Limited - Accounts to registrar (filleted) - small 18.2

Play Latte Limited - Accounts to registrar (filleted) - small 18.2