Go Italian Coffee Limited - Accounts to registrar (filleted) - small 18.2

Go Italian Coffee Limited - Accounts to registrar (filleted) - small 18.2

GO ITALIAN COFFEE LTD - Company Information

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REGISTERED NUMBER: 10626473 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2020

FOR

GO ITALIAN COFFEE LIMITED
GO ITALIAN COFFEE LIMITED (REGISTERED NUMBER: 10626473)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GO ITALIAN COFFEE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2020







DIRECTORS: M Kayes
E Ozer





REGISTERED OFFICE: The Old Barn
Off Wood Street
Swanley Village
Kent
BR8 7PA





REGISTERED NUMBER: 10626473 (England and Wales)





ACCOUNTANTS: Riddingtons Ltd
The Old Barn
Off Wood Street
Swanley Village
Kent
BR8 7PA
Page 1
GO ITALIAN COFFEE LIMITED (REGISTERED NUMBER: 10626473)

BALANCE SHEET
29 FEBRUARY 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 722 850
Investments 5 30,000 -
30,722 850

CURRENT ASSETS
Stocks 3,000 4,200
Debtors 6 940 30,377
Cash at bank 3,484 3,627
7,424 38,204
CREDITORS
Amounts falling due within one year 7 96,574 63,757
NET CURRENT LIABILITIES (89,150 ) (25,553 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(58,428
)
(24,703
)

PROVISIONS FOR LIABILITIES 10 156
NET LIABILITIES (58,438 ) (24,859 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (58,538 ) (24,959 )
(58,438 ) (24,859 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2020 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.

The notes form part of these financial statements

Page 2 continued...
GO ITALIAN COFFEE LIMITED (REGISTERED NUMBER: 10626473)

BALANCE SHEET - continued
29 FEBRUARY 2020


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 on 19 March 2020 and were signed on its behalf by:





M Kayes - Director


The notes form part of these financial statements

Page 3
GO ITALIAN COFFEE LIMITED (REGISTERED NUMBER: 10626473)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2020

1. STATUTORY INFORMATION

Go Italian 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.

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 - 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

Page 4 continued...
GO ITALIAN COFFEE LIMITED (REGISTERED NUMBER: 10626473)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2020

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2019
and 29 February 2020 1,000
DEPRECIATION
At 1 March 2019 150
Charge for year 128
At 29 February 2020 278
NET BOOK VALUE
At 29 February 2020 722
At 28 February 2019 850

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2020 2019
£    £   
No description 30,000 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other debtors 940 30,377

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Taxation and social security 629 179
Other creditors 95,945 63,578
96,574 63,757

Page 5