Ink & Water Coffee Ltd - Period Ending 2024-03-29
Ink & Water Coffee Ltd - Period Ending 2024-03-29
Registration number:
Ink & Water Coffee Ltd
for the Year Ended 29 March 2024
Ink & Water Coffee Ltd
(Registration number: 08800311)
Balance Sheet as at 29 March 2024
Note |
2024 |
2023 |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
100 |
100 |
|
Retained earnings |
(88,541) |
(88,541) |
|
Shareholders' deficit |
(88,441) |
(88,441) |
For the financial year ending 29 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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Ink & Water Coffee Ltd
Notes to the Unaudited Financial Statements for the Year Ended 29 March 2024
General information |
The company is a private company limited by share capital, incorporated in United Kingdom.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Depreciation
Asset class |
Depreciation method and rate |
Fixtures & fittings |
Straight line 20% |
Leasehold improvements |
Over the life of the lease |
Ink & Water Coffee Ltd
Notes to the Unaudited Financial Statements for the Year Ended 29 March 2024
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Debtors |
Current |
2024 |
2023 |
Other debtors |
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Ink & Water Coffee Ltd
Notes to the Unaudited Financial Statements for the Year Ended 29 March 2024
Creditors |
Creditors: amounts falling due within one year
Note |
2024 |
2023 |
|
Due within one year |
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Loans and borrowings |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
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|
100 |
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100 |
Loans and borrowings |
2024 |
2023 |
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Current loans and borrowings |
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Other borrowings |
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