Urban Coffee Company (4) Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 08221807 (England and Wales)

URBAN COFFEE COMPANY (4) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr S Jenner

Miss H Wolsey

REGISTERED OFFICE:

30 Church Street

Birmingham

West Midlands

B3 2NP

REGISTERED NUMBER:

08221807 (England and Wales)

ACCOUNTANTS:

Wallace Crooke Walsall Limited

Chartered Accountants

Wallace House

20 Birmingham Road

Walsall

West Midlands

WS1 2LT

CURRENT ASSETS

Debtors

3

-

2,551

Cash in hand

8

8

8

2,559

CREDITORS

Amounts falling due within one year

4

69,659

86,420

NET CURRENT LIABILITIES

(69,651

)

(83,861

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(69,651

)

(83,861

)

CAPITAL AND RESERVES

Called up share capital

5

20

20

Retained earnings

(69,671

)

(83,881

)

SHAREHOLDERS' FUNDS

(69,651

)

(83,861

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 31 January 2018 and were signed on its behalf by:

Mr S Jenner - Director

1.	STATUTORY INFORMATION

Urban Coffee Company (4) Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These are the Company's first financial statements prepared in accordance with Financial Reporting Standard

102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

The accounting policies set out below have been applied in preparing the financial statements for the year

ended 30 September 2017, the comparative information presented in these financial statements for the year

ended 30 September 2016 and in the preparation of an opening balance at 1 October 2015 (the Company's

date of transition).

There were no differences between Financial Reporting Standard 102 "The Financial Reporting Standard

applicable in the UK and Republic of Ireland" and Financial Reporting Standard for Smaller Entities (effective

January 2015) in the Balance Sheet and Statement of Income and Retained Earnings for the two periods.

The company's financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

Going concern

The financial statements have been prepared on a going concern basis not withstanding the deficit in

shareholders' funds of £69,651 (2016: £83,861). The directors have a reasonable expectation that the company

has access to adequate resources to continue in operational existence for the foreseeable future. They have

considered a period of 12 months from the date of the approval of these financial statements. Therefore, the

directors have continued to adopt a going concern basis.

If the company were unable to continue in operational existence for the foreseeable future, adjustments would

have to be made to reduce balance sheet values of assets to their recoverable amounts, and to provide for

further liabilities that might arise, and to reclassify fixed assets and long term liabilities as current assets and

liabilities respectively.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal

of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

VAT

-

3

Prepayments

-

2,548

-

2,551

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

-

7,609

Amounts owed to group undertakings

69,644

78,811

Taxation and social security

15

-

69,659

86,420

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

20

Ordinary

£1

20

20