COFFEE_REAL_LIMITED - Accounts

COFFEE REAL LIMITED - Company Information

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Company Registration No. 06856414 (England and Wales)

COFFEE REAL LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2014

COFFEE REAL LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

COFFEE REAL LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

82,189

110,197

Current assets

Stocks

29,497

17,574

Debtors

41,169

32,181

Cash at bank and in hand

26,765

13,970

97,431

63,725

Creditors: amounts falling due within one year

(48,162)

(28,800)

Net current assets

49,269

34,925

Total assets less current liabilities

131,458

145,122

Creditors: amounts falling due after more than one year

(42,206)

(57,703)

Provisions for liabilities

(7,960)

(13,216)

81,292

74,203

Capital and reserves

Called up share capital

200

25,000

Profit and loss account

81,092

49,203

Shareholders' funds

81,292

74,203

COFFEE REAL LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 AUGUST 2014

- 2 -

For the financial year ended 31 August 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 29 May 2015

Mr G Best

Director

Company Registration No. 06856414

COFFEE REAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2014

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable from ordinary activities for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings - lease improvements

Over 4 years to August 2017

Plant and machinery

10%, 20%, 25% and 33% straight line

Fixtures, fittings & equipment

20%, 25% and 33% straight line

Motor vehicles

25% written down value

No depreciation is provided in respect of collectible vehicles where they are maintained to a standard where a high residual value means any depreciation will be immaterial.

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.6

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

COFFEE REAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2014

- 4 -

Fixed assets

Tangible assets

Cost

At 1 September 2013

163,148

Additions

2,272

At 31 August 2014

165,420

Depreciation

At 1 September 2013

52,951

Charge for the year

30,280

At 31 August 2014

83,231

Net book value

At 31 August 2014

82,189

At 31 August 2013

110,197

Share capital

2014

2013

Allotted, called up and fully paid

200 Ordinary shares of £1 each

200

25,000

During the year the company carried out a capital reduction, reducing the share capital from £25,000 to £200.