3 A COFFEE LTD |
Notes to the Accounts |
for the year ended 30 September 2022 |
|
|
1 |
Accounting policies |
|
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. |
|
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, at 18% per annum, reducung balace method, excluding the year of aquisition. |
|
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
|
Taxation |
|
A corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A corporation tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.Corporation tax assets and liabilities are not discounted. |
|
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
2 |
Employees |
2022 |
|
2021 |
Number |
Number |
|
|
Average number of persons employed by the company |
18 |
|
12 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Fixtures, fittings & equipment |
£ |
|
Cost |
|
At 1 October 2021 |
76,358 |
|
Additions |
48,345 |
|
At 30 September 2022 |
124,703 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2021 |
16,258 |
|
Charge for the year |
10,818 |
|
At 30 September 2022 |
27,076 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2022 |
97,627 |
|
At 30 September 2021 |
60,100 |
|
|
4 |
Debtors |
2022 |
|
2021 |
£ |
£ |
|
|
Prepayments |
7,711 |
|
- |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2022 |
|
2021 |
£ |
£ |
|
|
Taxation and social security costs |
19,057 |
|
5,378 |
|
Other creditors |
41,440 |
|
40,940 |
|
|
|
|
|
|
60,497 |
|
46,318 |
|
|
|
|
|
|
|
|
|
|
6 |
Other information |
|
|
3 A COFFEE LTD is a private company limited by shares and incorporated in England. Its registered office is: |
|
147 Cranbrook Road |
|
Ilford |
|
Essex |
|
IG1 4PU |
|
IG1 4PU |