Abbreviated Company Accounts - COFFEE SOCIETEA LIMITED

Abbreviated Company Accounts - COFFEE SOCIETEA LIMITED


Registered Number SC422212

COFFEE SOCIETEA LIMITED

Abbreviated Accounts

30 April 2015

COFFEE SOCIETEA LIMITED Registered Number SC422212

Abbreviated Balance Sheet as at 30 April 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 504,240 353,784
504,240 353,784
Current assets
Stocks 16,000 4,651
Debtors 1,293 2,758
Cash at bank and in hand 21,510 63,553
38,803 70,962
Creditors: amounts falling due within one year (434,438) (211,493)
Net current assets (liabilities) (395,635) (140,531)
Total assets less current liabilities 108,605 213,253
Creditors: amounts falling due after more than one year (1,958) (173,607)
Provisions for liabilities (18,245) (13,710)
Total net assets (liabilities) 88,402 25,936
Capital and reserves
Called up share capital 3 30 30
Profit and loss account 88,372 25,906
Shareholders' funds 88,402 25,936
  • 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 26 February 2016

And signed on their behalf by:
Mr R M Kennedy, Director

COFFEE SOCIETEA LIMITED Registered Number SC422212

Notes to the Abbreviated Accounts for the period ended 30 April 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Long leasehold 4% on cost
Fixtures and fittings 10% on cost

Valuation information and policy
Stock
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

2Tangible fixed assets
£
Cost
At 1 May 2014 378,611
Additions 177,648
Disposals -
Revaluations -
Transfers -
At 30 April 2015 556,259
Depreciation
At 1 May 2014 24,827
Charge for the year 27,192
On disposals -
At 30 April 2015 52,019
Net book values
At 30 April 2015 504,240
At 30 April 2014 353,784

Included within the net book value of tangible fixed assets is £42,370 (2014- £47,365) in respect of assets held under finance leases or similar hire purchase contracts. Depreciation for the year on these assets was £4,995 (2014- £5,263).

3Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
30 Ordinary shares of £1 each 30 30