Company Registration No. 09904418 (England and Wales)
Coconut Platform Ltd
Unaudited accounts
for the year ended 31 December 2021
Coconut Platform Ltd
Unaudited accounts
Contents
Coconut Platform Ltd
Company Information
for the year ended 31 December 2021
Directors
Kashif Aslam
Charles Brian Fox
Adam John Goodall
Samuel James O'Connor
Company Number
09904418 (England and Wales)
Registered Office
27 Old Gloucester Street
London
WC1N 3AX
United Kingdom
Coconut Platform Ltd
Statement of financial position
as at 31 December 2021
Cash at bank and in hand
1,478,464
1,311,234
Creditors: amounts falling due within one year
(252,854)
(338,828)
Net current assets
1,271,941
1,037,354
Net assets
1,271,941
1,037,354
Called up share capital
10
9
Share premium
8,801,990
6,626,598
Profit and loss account
(7,530,059)
(5,589,253)
Shareholders' funds
1,271,941
1,037,354
For the year ending 31 December 2021 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 May 2022 and were signed on its behalf by
Samuel James O'Connor
Director
Company Registration No. 09904418
Coconut Platform Ltd
Notes to the Accounts
for the year ended 31 December 2021
Coconut Platform Ltd is a private company, limited by shares, registered in England and Wales, registration number 09904418. The registered office is 27 Old Gloucester Street, London, WC1N 3AX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Contributions to defined contribution plans are expensed in the period to which they relate.
Coconut Platform Ltd
Notes to the Accounts
for the year ended 31 December 2021
4
Tangible fixed assets
Computer equipment
5
Debtors: amounts falling due within one year
2021
2020
Other debtors
20,222
32,887
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
44,403
50,000
Trade creditors
141,449
147,855
Taxes and social security
34,066
113,346
Other creditors
25,879
18,507
Loans from directors
-
9,120
7
Average number of employees
During the year the average number of employees was 18 (2020: 20).
