IE Coffee Company Limited - Period Ending 2015-04-30

30 April 2015

Ordinary shares of £1 each

IE COFFEE COMPANY LIMITED - Company Information

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Registration number: 08975582

IE Coffee Company Limited

Unaudited Abbreviated Accounts

for the Period from 3 April 2014 to 30 April 2015

Gordon Levy Limited
Chartered Accountants
Arthur House
Chorlton Street
Manchester
M1 3FH

IE Coffee Company Limited
Contents

Accountants' Report

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
IE Coffee Company Limited
for the Period Ended 30 April 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of IE Coffee Company Limited for the period ended 30 April 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of IE Coffee Company Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of IE Coffee Company Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than IE Coffee Company Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that IE Coffee Company Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of IE Coffee Company Limited. You consider that IE Coffee Company Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of IE Coffee Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Gordon Levy Limited
Chartered Accountants
Arthur House
Chorlton Street
Manchester
M1 3FH

29 December 2015

Page 1

IE Coffee Company Limited
(Registration number: 08975582)
Abbreviated Balance Sheet at 30 April 2015

	Note	30 April 2015 £
Fixed assets
Intangible fixed assets		21,362
Current assets
Debtors		10,164
Creditors: Amounts falling due within one year		(801)
Net current assets		9,363
Total assets less current liabilities		30,725
Creditors: Amounts falling due after more than one year		(45,794)
Net liabilities		(15,069)
Capital and reserves
Called up share capital	3	100
Profit and loss account		(15,169)
Shareholders' deficit		(15,069)

For the year ending 30 April 2015 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.

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

Approved by the Board on 29 December 2015 and signed on its behalf by:

.........................................
Graeme Michael Sibbald
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

IE Coffee Company Limited
Notes to the Abbreviated Accounts for the Period from 3 April 2014 to 30 April 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Goodwill

Positive purchased goodwill is capitalised and written off over its useful economic life of 5 years on a straight line basis, with the residual value assigned to it of £0. The useful economic life of 5 years is chosen for the capitalised goodwill because it represents the initial minimum contract period under the franchise agreement. Capitalised goodwill is not revalued.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost over their useful economic lives as follows:

Asset class	Amortisation method and rate
Goodwill	Straight line over 5 years

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

IE Coffee Company Limited
Notes to the Abbreviated Accounts for the Period from 3 April 2014 to 30 April 2015
......... continued

2	Fixed assets

	Intangible assets £	Total £
Cost
Additions	26,140	26,140
At 30 April 2015	26,140	26,140
Depreciation
Charge for the period	4,778	4,778
At 30 April 2015	4,778	4,778
Net book value
At 30 April 2015	21,362	21,362

3	Share capital

Allotted, called up and fully paid shares

New shares allotted

During the period 100 Ordinary shares having an aggregate nominal value of £100 were allotted for an aggregate consideration of £100.

Control

The company is controlled by Cessi Holdings Limited with 70% shareholding. The ultimate controlling party is Michael Robert Sibbald, the director & 100% shareholder of the parent company.

Page 4