Company Registration No. 09380884 (England and Wales)
BRAZIER COFFEE ROASTERS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022
PAGES FOR FILING WITH REGISTRAR
BRAZIER COFFEE ROASTERS LIMITED
COMPANY INFORMATION
Directors
Mr T D Brazier
Ms C Kloeden
Company number
09380884
Registered office
Unit 10 Tonedale Mill Business Park
Wellington
Somerset
TA21 0AW
Accountants
Aspen Waite South West
21 Bampton Street
Tiverton
Devon
EX16 6AA
BRAZIER COFFEE ROASTERS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
BRAZIER COFFEE ROASTERS LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2022
31 January 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
3
114,548
90,898
Current assets
Stocks
41,135
29,755
Debtors
4
61,420
28,487
Cash at bank and in hand
21,646
59,435
124,201
117,677
Creditors: amounts falling due within one year
5
(148,067)
(128,403)
Net current liabilities
(23,866)
(10,726)
Total assets less current liabilities
90,682
80,172
Creditors: amounts falling due after more than one year
6
(49,111)
(42,500)
Provisions for liabilities
(21,198)
(16,704)
Net assets
20,373
20,968
Capital and reserves
Called up share capital
7
20,000
20,000
Profit and loss reserves
373
968
Total equity
20,373
20,968
BRAZIER COFFEE ROASTERS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2022
31 January 2022
- 2 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 January 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

The financial statements were approved by the board of directors and authorised for issue on 14 September 2022 and are signed on its behalf by:
Mr T D Brazier
Director
Company Registration No. 09380884
BRAZIER COFFEE ROASTERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022
- 3 -
1
Accounting policies
Company information

Brazier Coffee Roasters Limited is a private company limited by shares incorporated in England and Wales within the United Kingdom.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

1.2
Going concern

Following the global pandemic 'COVID-19', at the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover represents the total invoice value, excluding value added tax, of goods sold in the year.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Property improvements
Nil
Fixtures, fittings & equipment
Straight line or 15% reducing balance
Computer equipment
3 Years straight line
Motor vehicles
25% Reducing balance
1.5
Stocks

Stocks are stated at the lower of cost and net realisable value.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

1.7
Taxation
BRAZIER COFFEE ROASTERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2022
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

1.8
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the profit and loss account on a straight line basis over the life of the lease.

1.9
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 16 (2021 - 11).

3
Tangible fixed assets
Property improvements
Fixtures, fittings & equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 February 2021
8,931
119,327
3,299
11,442
142,999
Additions
-
0
40,369
400
-
0
40,769
Disposals
-
0
(1,100)
-
0
-
0
(1,100)
At 31 January 2022
8,931
158,596
3,699
11,442
182,668
Depreciation and impairment
At 1 February 2021
-
0
42,232
2,502
7,367
52,101
Depreciation charged in the year
-
0
14,887
593
1,019
16,499
Eliminated in respect of disposals
-
0
(480)
-
0
-
0
(480)
At 31 January 2022
-
0
56,639
3,095
8,386
68,120
Carrying amount
At 31 January 2022
8,931
101,957
604
3,056
114,548
At 31 January 2021
8,931
77,095
797
4,075
90,898
BRAZIER COFFEE ROASTERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2022
- 5 -
4
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
51,550
14,725
Other debtors
9,870
13,762
61,420
28,487
5
Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans and overdrafts
65,220
71,941
Obligations under finance leases
-
0
472
Trade creditors
48,606
38,525
Corporation tax
5,293
-
0
Other taxation and social security
8,033
8,388
Other creditors
19,165
7,166
Accruals and deferred income
1,750
1,911
148,067
128,403
6
Creditors: amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
49,111
42,500
7
Called up share capital
2022
2021
£
£
Ordinary share capital
Issued and fully paid
2 Ordinary shares of £10000 each
20,000
20,000
8
Directors' transactions

Interest free loans have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Mr T D Brazier -
-
2,986
9,370
(2,986)
9,370
2,986
9,370
(2,986)
9,370
2022-01-312021-02-01false14 September 2022CCH SoftwareCCH Accounts Production 2022.200Coffee RoastersMr T D BrazierMs C Kloeden093808842021-02-012022-01-3109380884bus:Director12021-02-012022-01-3109380884bus:Director22021-02-012022-01-3109380884bus:RegisteredOffice2021-02-012022-01-31093808842022-01-31093808842021-01-3109380884core:LandBuildingscore:LeasedAssetsHeldAsLessee2022-01-3109380884core:FurnitureFittings2022-01-3109380884core:ComputerEquipment2022-01-3109380884core:MotorVehicles2022-01-3109380884core:LandBuildingscore:LeasedAssetsHeldAsLessee2021-01-3109380884core:FurnitureFittings2021-01-3109380884core:ComputerEquipment2021-01-3109380884core:MotorVehicles2021-01-3109380884core:CurrentFinancialInstruments2022-01-3109380884core:CurrentFinancialInstruments2021-01-3109380884core:Non-currentFinancialInstruments2022-01-3109380884core:Non-currentFinancialInstruments2021-01-3109380884core:ShareCapital2022-01-3109380884core:ShareCapital2021-01-3109380884core:RetainedEarningsAccumulatedLosses2022-01-3109380884core:RetainedEarningsAccumulatedLosses2021-01-3109380884core:LandBuildingscore:LeasedAssetsHeldAsLessee2021-02-012022-01-3109380884core:FurnitureFittings2021-02-012022-01-3109380884core:ComputerEquipment2021-02-012022-01-3109380884core:MotorVehicles2021-02-012022-01-31093808842020-02-012021-01-3109380884core:LandBuildingscore:LeasedAssetsHeldAsLessee2021-01-3109380884core:FurnitureFittings2021-01-3109380884core:ComputerEquipment2021-01-3109380884core:MotorVehicles2021-01-31093808842021-01-3109380884bus:PrivateLimitedCompanyLtd2021-02-012022-01-3109380884bus:SmallCompaniesRegimeForAccounts2021-02-012022-01-3109380884bus:FRS1022021-02-012022-01-3109380884bus:AuditExemptWithAccountantsReport2021-02-012022-01-3109380884bus:FullAccounts2021-02-012022-01-31xbrli:purexbrli:sharesiso4217:GBP