Coburg Coffee Company Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 00781074 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

COBURG COFFEE COMPANY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

K P Legg

J S P Maynard

M Iannetta

SECRETARY:

Mrs A De Vrij

REGISTERED OFFICE:

3 Harrington Way

Warspite Road

Woolwich

London

SE18 5NU

REGISTERED NUMBER:

00781074 (England and Wales)

FIXED ASSETS

Tangible assets

2

108,762

125,224

CURRENT ASSETS

Stocks

109,861

156,492

Debtors

230,756

234,941

Cash at bank and in hand

27

39,109

340,644

430,542

CREDITORS

Amounts falling due within one year

(662,116

)

(663,569

)

NET CURRENT LIABILITIES

(321,472

)

(233,027

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(212,710

)

(107,803

)

CREDITORS

Amounts falling due after more than one year

(24,374

)

(33,891

)

NET LIABILITIES

(237,084

)

(141,694

)

CAPITAL AND RESERVES

Called up share capital

3

2,688,720

2,688,720

Profit and loss account

(2,925,804

)

(2,830,414

)

SHAREHOLDERS' FUNDS

(237,084

)

(141,694

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 27 September 2016 and were signed on its behalf by:

K P Legg - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and are in accordance with United

Kingdom applicable accounting standards.

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small

company.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets

and liabilities. It is amortised to the profit and loss account over its estimated economic life.

Intangible fixed assets

Intangible assets are amortised on a straight line basis over their estimated useful lives up to a maximum of 20 years. The

carrying value of intangible assets is reviewed for impairment at the end of the first full year following acquisition and in

other periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost, 20% on cost and at varying rates on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items

for taxation and accounting purposes. The deferred tax balance has not been discounted.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

1,204,810

Additions

11,723

At 31 December 2015

1,216,533

DEPRECIATION

At 1 January 2015

1,079,586

Charge for year

28,185

At 31 December 2015

1,107,771

NET BOOK VALUE

At 31 December 2015

108,762

At 31 December 2014

125,224

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

£

2,688,720

Ordinary

£1

2,688,720

2,688,720

4.	ULTIMATE PARENT COMPANY

Tudeley Holdings Limited is regarded by the directors as being the company's ultimate parent company.