Cartwrights Coffee Ltd - Period Ending 2016-09-30

Registration number: 09197813

Cartwrights Coffee Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2016
 

Marshall Accountancy Ltd
St Mary's House,
Crewe Road,
Alsager
Stoke-on-Trent
ST7 2EW

Cartwrights Coffee Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

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 5) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Cartwrights Coffee Ltd
for the Year Ended 30 September 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Cartwrights Coffee Ltd for the year ended 30 September 2016 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 Cartwrights 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 Cartwrights Coffee Ltd 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 Cartwrights Coffee Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Cartwrights 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 loss of Cartwrights Coffee Ltd. You consider that Cartwrights 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 Cartwrights 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.

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

Marshall Accountancy Ltd
St Mary's House,
Crewe Road,
Alsager
Stoke-on-Trent
ST7 2EW

31 October 2017

Page 1

Cartwrights Coffee Ltd
(Registration number: 09197813)
Abbreviated Balance Sheet at 30 September 2016

		Note			30 September 2016 £			30 September 2015 £
Fixed assets
Intangible fixed assets					17,824			20,052
Tangible fixed assets					16,070			17,339
					33,894			37,391
Current assets
Debtors					72			403
Cash at bank and in hand					80			438
					152			841
Creditors: Amounts falling due within one year					(38,714)			(32,470)
Net current liabilities					(38,562)			(31,629)
Total assets less current liabilities					(4,668)			5,762
Provisions for liabilities					(3,053)			(3,468)
Net (liabilities)/assets					(7,721)			2,294
Capital and reserves
Called up share capital		3			10			10
Profit and loss account					(7,731)			2,284
Shareholders' (deficit)/funds					(7,721)			2,294

For the year ending 30 September 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 her 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 31 October 2017

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

Cartwrights Coffee Ltd
(Registration number: 09197813)
Abbreviated Balance Sheet at 30 September 2016
......... continued

.........................................
Ms L Cartwright
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

Cartwrights Coffee Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 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).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

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

Asset class	Amortisation method and rate
Goodwill	Straight line over 10 years

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, fittings and equipment	15% Reducing balance method

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.

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 4

Cartwrights Coffee Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 October 2015		22,280			20,399			42,679
Additions		-			1,567			1,567
At 30 September 2016		22,280			21,966			44,246
Depreciation
At 1 October 2015		2,228			3,060			5,288
Charge for the year		2,228			2,836			5,064
At 30 September 2016		4,456			5,896			10,352
Net book value
At 30 September 2016		17,824			16,070			33,894
At 30 September 2015		20,052			17,339			37,391

3	Share capital

Allotted, called up and fully paid shares

	30 September 2016						30 September 2015
		No.			£			No.			£
Ordinary shares of £1 each		10			10			10			10

Page 5