Coco Gelato Holdings Ltd - Filleted accounts

Coco Gelato Holdings Ltd - Filleted accounts

COCO GELATO HOLDINGS LTD - Company Information

Print Friendly Version

Registered number
09170280
Coco Gelato Holdings Ltd
Filleted Accounts
31 August 2020
Coco Gelato Holdings Ltd
Registered number: 09170280
Balance Sheet
as at 31 August 2020
Notes 2020 2019
£ £
Fixed assets
Tangible assets 3 82,582 110,109
Current assets
Debtors 4 17,000 11,000
Cash at bank and in hand 60 3,327
17,060 14,327
Creditors: amounts falling due within one year 5 (259,250) (259,150)
Net current liabilities (242,190) (244,823)
Net liabilities (159,608) (134,714)
Capital and reserves
Called up share capital 100 100
Profit and loss account (159,708) (134,814)
Shareholders' funds (159,608) (134,714)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T P Sall
Director
Approved by the board on 6 May 2021
Coco Gelato Holdings Ltd
Notes to the Accounts
for the year ended 31 August 2020
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2020 2019
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2019 247,227
At 31 August 2020 247,227
Depreciation
At 1 September 2019 137,118
Charge for the year 27,527
At 31 August 2020 164,645
Net book value
At 31 August 2020 82,582
At 31 August 2019 -
4 Debtors 2020 2019
£ £
Other debtors 17,000 11,000
5 Creditors: amounts falling due within one year 2020 2019
£ £
Other creditors 259,250 259,150
6 Other information
Coco Gelato Holdings Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Harlequin House
Coed Cae Lane
Pontyclun
CF72 9EW
Coco Gelato Holdings Ltd 09170280 false 2019-09-01 2020-08-31 2020-08-31 VT Final Accounts March 2021 (final release) T P Sall No description of principal activity 09170280 2018-09-01 2019-08-31 09170280 core:WithinOneYear 2019-08-31 09170280 core:ShareCapital 2019-08-31 09170280 core:RetainedEarningsAccumulatedLosses 2019-08-31 09170280 2019-09-01 2020-08-31 09170280 bus:PrivateLimitedCompanyLtd 2019-09-01 2020-08-31 09170280 bus:AuditExempt-NoAccountantsReport 2019-09-01 2020-08-31 09170280 bus:Director40 2019-09-01 2020-08-31 09170280 1 2019-09-01 2020-08-31 09170280 2 2019-09-01 2020-08-31 09170280 core:PlantMachinery 2019-09-01 2020-08-31 09170280 countries:England 2019-09-01 2020-08-31 09170280 bus:FRS102 2019-09-01 2020-08-31 09170280 bus:FullAccounts 2019-09-01 2020-08-31 09170280 2020-08-31 09170280 core:WithinOneYear 2020-08-31 09170280 core:ShareCapital 2020-08-31 09170280 core:RetainedEarningsAccumulatedLosses 2020-08-31 09170280 core:PlantMachinery 2020-08-31 09170280 2019-08-31 09170280 core:PlantMachinery 2019-08-31 iso4217:GBP xbrli:pure