NESPRO COFFEE LIMITED

NESPRO COFFEE LIMITED

NESPRO COFFEE LIMITED - Company Information

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NESPRO COFFEE LIMITED

Company Registration Number:
11447958 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2021

Period of accounts

Start date: 01 August 2020

End date: 31 July 2021

NESPRO COFFEE LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2021

Balance sheet
Notes

NESPRO COFFEE LIMITED

Balance sheet

As at 31 July 2021


Notes
2021
2020


£
£
Fixed assets
Tangible assets: 3 183 0
Total fixed assets: 183 0
Current assets
Stocks: 2,488 1,411
Debtors: 4 3,137 2,843
Cash at bank and in hand: 509 511
Total current assets: 6,134 4,765
Creditors: amounts falling due within one year: 5 (3,185) (2,737)
Net current assets (liabilities): 2,949 2,028
Total assets less current liabilities: 3,132 2,028
Provision for liabilities: (35) 0
Total net assets (liabilities): 3,097 2,028
Capital and reserves
Called up share capital: 501 501
Profit and loss account: 2,596 1,527
Shareholders funds: 3,097 2,028

The notes form part of these financial statements

NESPRO COFFEE LIMITED

Balance sheet statements

For the year ending 31 July 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 March 2022
and signed on behalf of the board by:

Name: W G Upton
Status: Director

The notes form part of these financial statements

NESPRO COFFEE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, value added tax and other sales taxes.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following rates in order to write off each asset over its estimated useful life: Computer Equipment 33% reducing balance

Valuation and information policy

Stocks are valued at the lower of cost and net realisable value, after making allowances for obsolete and slow-moving items.

NESPRO COFFEE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2021

2. Employees

2021 2020
Average number of employees during the period 1 1

NESPRO COFFEE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2021

3. Tangible Assets

Total
Cost £
At 01 August 2020 0
Additions 200
At 31 July 2021 200
Depreciation
At 01 August 2020 0
Charge for year 17
At 31 July 2021 17
Net book value
At 31 July 2021 183
At 31 July 2020 0

NESPRO COFFEE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2021

4. Debtors

2021 2020
££
Debtors due after more than one year: 0 0

NESPRO COFFEE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2021

5. Creditors: amounts falling due within one year note

....................................................2021.....................2020 Tax and Social Security.........967.......................1296 Other Creditors......................2218......................1441

NESPRO COFFEE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2021

6. Loans to directors

Name of director receiving advance or credit: W G Upton
Description of the loan: Directors Current Account
£
Balance at 01 August 2020 2,843
Advances or credits made: 3,137
Advances or credits repaid: 2,843
Balance at 31 July 2021 3,137

No beneficial loan interest has been charged as the overdrawn balance never exceeded the de minimis.