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Unaudited Financial Statements |
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for the Year Ended 30 November 2020 |
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for |
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HOFFI COFFI LTD. |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30 November 2020 |
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for |
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HOFFI COFFI LTD. |
HOFFI COFFI LTD. (REGISTERED NUMBER: 06418273) |
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Contents of the Financial Statements |
for the Year Ended 30 November 2020 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Chartered Accountants' Report | 6 |
HOFFI COFFI LTD. |
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Company Information |
for the Year Ended 30 November 2020 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Llanover House |
Llanover Road |
Pontypridd |
Mid Glamorgan |
CF37 4DY |
HOFFI COFFI LTD. (REGISTERED NUMBER: 06418273) |
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Balance Sheet |
30 November 2020 |
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30.11.20 | 30.11.19 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
6 |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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HOFFI COFFI LTD. (REGISTERED NUMBER: 06418273) |
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Notes to the Financial Statements |
for the Year Ended 30 November 2020 |
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1. | STATUTORY INFORMATION |
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Hoffi Coffi Ltd. is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Changes in accounting policies |
This is the first year that the Company has presented its results under FRS 102. The last financial statements under previous UK GAAP were for the year ended 30th November 2016. The date of transition to FRS 102 was 1st December 2015. |
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There was an adjustment to equity on the transition from UK GAAP to FRS 102 with the value of the revaluation reserve of £88,042 being transferred to profit and loss reserves. Deferred tax of £16,728 was provided on these amounts. |
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Tangible fixed assets |
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Plant and machinery | - |
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Motor vehicles | - |
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Computer equipment | - |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
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Going concern |
The company continues to trade with the financial support of the director. The director has considered the next 12 months and is of the opinion that he can trade out of this difficult period. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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HOFFI COFFI LTD. (REGISTERED NUMBER: 06418273) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 November 2020 |
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4. | TANGIBLE FIXED ASSETS |
Freehold | Plant and | Motor | Computer |
property | machinery | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST OR VALUATION |
At 1 December 2019 |
and 30 November 2020 |
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DEPRECIATION |
At 1 December 2019 |
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Charge for year |
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At 30 November 2020 |
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NET BOOK VALUE |
At 30 November 2020 |
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At 30 November 2019 |
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Cost or valuation at 30 November 2020 is represented by: |
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Freehold | Plant and | Motor | Computer |
property | machinery | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
Valuation in 2014 | 88,042 | - | - | - | 88,042 |
Cost | 151,958 | 33,657 | 2,298 | 1,211 | 189,124 |
240,000 | 33,657 | 2,298 | 1,211 | 277,166 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.20 | 30.11.19 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Other creditors |
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6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.11.20 | 30.11.19 |
£ | £ |
Bank loans |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans | 109,633 | 113,850 |
HOFFI COFFI LTD. (REGISTERED NUMBER: 06418273) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 November 2020 |
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7. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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30.11.20 | 30.11.19 |
£ | £ |
Bank overdrafts |
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Bank loans |
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The amount owed under bank loans and overdrafts is secured by a charge over the company's assets. |
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8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits resulting in amounts owed to a director subsisted during the years ended 30 November 2020 and 30 November 2019: |
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30.11.20 | 30.11.19 |
£ | £ |
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Balance outstanding at start of year | ( |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
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9. | ULTIMATE CONTROLLING PARTY |
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The company was under the control of Mr R O'Reilly, the director throughout the current period. |
Chartered Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Hoffi Coffi Ltd. |
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The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hoffi Coffi Ltd. for the year ended 30 November 2020 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
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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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the director of Hoffi Coffi Ltd. in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hoffi Coffi Ltd. and state those matters that we have agreed to state to the director of Hoffi Coffi Ltd. in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hoffi Coffi Ltd. and its director for our work or for this report. |
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It is your duty to ensure that Hoffi Coffi Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Hoffi Coffi Ltd.. You consider that Hoffi Coffi Ltd. is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Hoffi Coffi 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 financial statements. |
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Chartered Accountants |
Llanover House |
Llanover Road |
Pontypridd |
Mid Glamorgan |
CF37 4DY |
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