Pinnocks Coffee Ltd - Period Ending 2016-05-31

Registration number: 08059476

Pinnocks Coffee Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2016
 

Ashfield Accountancy Service
Suite 3a
Oriental Road
Woking
Surrey
GU22 7AH

Pinnocks Coffee Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 6

Accountants' Report to the Director on the Preparation of the Unaudited Abbreviated Statutory Accounts of
Pinnocks Coffee Ltd
for the Year Ended 31 May 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Pinnocks Coffee Ltd for the year ended 31 May 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Pinnocks Coffee Ltd, 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 Pinnocks Coffee Ltd and state those matters that we have agreed to state to them, as a body, in this report and for no other purpose . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pinnocks Coffee Ltd and its Board of Directors as a body for our work or for this report.

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

We have not been instructed to carry out an audit or a review of the accounts of Pinnocks Coffee Ltd. 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.

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

Ashfield Accountancy Service
Suite 3a
Oriental Road
Woking
Surrey
GU22 7AH

20 January 2016

Page 1

Pinnocks Coffee Ltd
(Registration number: 08059476)
Abbreviated Balance Sheet at 31 May 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					8,744			8,226
Investments					10,000			-
					18,744			8,226
Current assets
Stocks					5,000			5,000
Debtors					20,193			11,073
Cash at bank and in hand					20,745			2,450
					45,938			18,523
Creditors: Amounts falling due within one year					(42,682)			(21,555)
Net current assets/(liabilities)					3,256			(3,032)
Total assets less current liabilities					22,000			5,194
Creditors: Amounts falling due after more than one year					(20,000)			(3,360)
Provisions for liabilities					-			(307)
Net assets					2,000			1,527
Capital and reserves
Called up share capital		3			120			100
Profit and loss account					1,880			1,427
Shareholders' funds					2,000			1,527

For the year ending 31 May 2016 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 director acknowledges his 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 director on 20 January 2016

The notes on pages 4 to 6 form an integral part of these financial statements.
Page 2

Pinnocks Coffee Ltd
(Registration number: 08059476)
Abbreviated Balance Sheet at 31 May 2016
......... continued

.........................................
Mr Russell Mark James
Director

The notes on pages 4 to 6 form an integral part of these financial statements.
Page 3

Pinnocks Coffee Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... 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 January 2015).

Exemption from preparing group accounts

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Turnover

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

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	20%
Office equipment	25%

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

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.

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.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Page 4

Pinnocks Coffee Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued

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.

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 June 2015		14,451			-			14,451
Additions		2,773			10,000			12,773
At 31 May 2016		17,224			10,000			27,224
Depreciation
At 1 June 2015		6,225			-			6,225
Charge for the year		2,255			-			2,255
At 31 May 2016		8,480			-			8,480
Net book value
At 31 May 2016		8,744			10,000			18,744
At 31 May 2015		8,226			-			8,226

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Country of incorporation	Holding	Proportion of voting rights and shares held	Principal activity
Subsidiary undertakings
Manor Farm Tea Rooms Limited Suite 3A, Oriental Road, Woking, Surrey, GU22 7AH	England & Wales	Ordinary A shares	100%	Tea room

The profit for the financial period of Manor Farm Tea Rooms Limited was £2,419 and the aggregate amount of capital and reserves at the end of the period was £1,310.

Page 5

Pinnocks Coffee Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary A shares of £1 each		102			102			100			100
Ordinary B shares of £1 (2015 - £0.00) each		12			12			-			-
Ordinary C shares of £1 (2015 - £0.00) each		6			6			-			-
		120			120			100			100

New shares allotted

During the year 2 Ordinary A shares having an aggregate nominal value of £1 were allotted for an aggregate consideration of £2.

During the year 12 Ordinary B shares having an aggregate nominal value of £1 were allotted for an aggregate consideration of £12.

During the year 6 Ordinary C shares having an aggregate nominal value of £1 were allotted for an aggregate consideration of £6.

Page 6