IRIS Accounts Production v23.2.0.158 07137780 Board of Directors 1.3.22 28.2.23 28.2.23 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 07137780 2022-02-28 07137780 2023-02-28 07137780 2022-03-01 2023-02-28 07137780 2021-02-28 07137780 2021-03-01 2022-02-28 07137780 2022-02-28 07137780 ns10:Original ns15:EnglandWales 2022-03-01 2023-02-28 07137780 ns14:PoundSterling ns10:Original 2022-03-01 2023-02-28 07137780 ns10:Original ns10:Director1 2022-03-01 2023-02-28 07137780 ns10:Original 2022-03-01 2023-02-28 07137780 ns10:Original 2023-02-28 07137780 ns10:Original ns10:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 07137780 ns10:Original ns10:SmallEntities 2022-03-01 2023-02-28 07137780 ns10:Original ns10:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 07137780 ns10:Original ns10:SmallCompaniesRegimeForDirectorsReport 2022-03-01 2023-02-28 07137780 ns10:SmallCompaniesRegimeForAccounts ns10:Original 2022-03-01 2023-02-28 07137780 ns10:Original ns10:FullAccounts 2022-03-01 2023-02-28 07137780 ns10:Original 1 2022-03-01 2023-02-28 07137780 ns10:Original ns10:Director2 2022-03-01 2023-02-28 07137780 ns10:Original ns10:RegisteredOffice 2022-03-01 2023-02-28 07137780 ns10:Original 2022-02-28 07137780 ns10:Original ns5:CurrentFinancialInstruments 2023-02-28 07137780 ns10:Original ns5:CurrentFinancialInstruments 2022-02-28 07137780 ns10:Original ns5:Non-currentFinancialInstruments 2023-02-28 07137780 ns10:Original ns5:Non-currentFinancialInstruments 2022-02-28 07137780 ns5:ShareCapital ns10:Original 2023-02-28 07137780 ns5:ShareCapital ns10:Original 2022-02-28 07137780 ns10:Original ns5:RetainedEarningsAccumulatedLosses 2023-02-28 07137780 ns10:Original ns5:RetainedEarningsAccumulatedLosses 2022-02-28 07137780 ns10:Original ns5:NetGoodwill 2022-03-01 2023-02-28 07137780 ns5:IntangibleAssetsOtherThanGoodwill ns10:Original 2022-03-01 2023-02-28 07137780 ns10:Original ns5:FurnitureFittings 2022-03-01 2023-02-28 07137780 ns10:Original ns5:MotorVehicles 2022-03-01 2023-02-28 07137780 ns10:Original ns5:ComputerEquipment 2022-03-01 2023-02-28 07137780 ns10:Original 2021-03-01 2022-02-28 07137780 ns10:Original ns5:NetGoodwill 2022-02-28 07137780 ns10:Original ns5:NetGoodwill 2023-02-28 07137780 ns10:Original ns5:NetGoodwill 2022-02-28 07137780 ns10:Original ns5:PlantMachinery 2022-02-28 07137780 ns10:Original ns5:PlantMachinery 2022-03-01 2023-02-28 07137780 ns10:Original ns5:PlantMachinery 2023-02-28 07137780 ns10:Original ns5:PlantMachinery 2022-02-28 07137780 ns10:Original ns5:CurrentFinancialInstruments ns5:WithinOneYear 2023-02-28 07137780 ns10:Original ns5:CurrentFinancialInstruments ns5:WithinOneYear 2022-02-28 07137780 ns10:Original ns5:HirePurchaseContracts ns5:CurrentFinancialInstruments ns5:WithinOneYear 2023-02-28 07137780 ns10:Original ns5:HirePurchaseContracts ns5:CurrentFinancialInstruments ns5:WithinOneYear 2022-02-28 07137780 ns5:BetweenOneFiveYears ns10:Original ns5:HirePurchaseContracts 2023-02-28 07137780 ns5:BetweenOneFiveYears ns10:Original ns5:HirePurchaseContracts 2022-02-28 07137780 ns10:Original ns5:HirePurchaseContracts 2023-02-28 07137780 ns10:Original ns5:HirePurchaseContracts 2022-02-28

REGISTERED NUMBER: 07137780 (England and Wales)

The Heavenly Coffee Company Limited

Unaudited Financial Statements for the Year Ended 28 February 2023

| The Heavenly Coffee Company Limited (Registered number: 07137780) |

Contents of the Financial Statements

for the Year Ended 28 February 2023

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| The Heavenly Coffee Company Limited |

Company Information

for the Year Ended 28 February 2023

| DIRECTORS: | Mrs K L Evans

| Mr L B T Evans

| REGISTERED OFFICE: | 5 Redwood Court

| Dinnington

| Sheffield

| South Yorkshire

| S25 3NQ

| REGISTERED NUMBER: | 07137780 (England and Wales)

| ACCOUNTANTS: | SMH Haywood & Co Limited

| 24-26 Mansfield Road

| Rotherham

| South Yorkshire

| S60 2DT

| The Heavenly Coffee Company Limited (Registered number: 07137780) |

Balance Sheet

28 February 2023

| 2023 |  | 2022

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 3 | 20,812 |  | 31,218 |  |

Tangible assets | 4 | 110,840 |  | 109,850 |  |

131,652 |  | 141,068 |  |

CURRENT ASSETS

Stocks | 158,006 |  | 90,404 |  |

Debtors | 5 | 180,933 |  | 156,033 |  |

Cash at bank and in hand | 70,893 |  | 101,195 |  |

409,832 |  | 347,632 |  |

CREDITORS

Amounts falling due within one year | 6 | (195,044 | ) | (235,724 | ) |

NET CURRENT ASSETS | 214,788 |  | 111,908 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 346,440 |  | 252,976 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (55,574 | ) | (56,775 | ) |

PROVISIONS FOR LIABILITIES | (20,181 | ) | (20,776 | ) |

NET ASSETS | 270,685 |  | 175,425 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | 270,683 |  | 175,423 |  |

SHAREHOLDERS' FUNDS | 270,685 |  | 175,425 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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 Heavenly Coffee Company Limited (Registered number: 07137780) |

Balance Sheet - continued

28 February 2023

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2023 and were signed on its behalf by:

Mrs K L Evans - Director

| The Heavenly Coffee Company Limited (Registered number: 07137780) |

Notes to the Financial Statements

for the Year Ended 28 February 2023

1. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Tangible fixed assets

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

| Fixtures and fittings | - | 15% on reducing balance

| Motor vehicles | - | 15% on reducing balance

| Computer equipment | - | 15% on cost

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| 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.

| Current or deferred taxation assets and liabilities are not discounted.

| 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.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| 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.

| 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| The Heavenly Coffee Company Limited (Registered number: 07137780) |

Notes to the Financial Statements - continued

for the Year Ended 28 February 2023

1. | ACCOUNTING POLICIES - continued

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 15 (2022 - 14 ) .

3. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 March 2022

| and 28 February 2023 | 103,000 |  |

| AMORTISATION

| At 1 March 2022 | 71,782 |  |

| Charge for year | 10,406 |  |

| At 28 February 2023 | 82,188 |  |

| NET BOOK VALUE

| At 28 February 2023 | 20,812 |  |

| At 28 February 2022 | 31,218 |  |

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 March 2022 | 187,479 |  |

| Additions | 34,503 |  |

| Disposals | (33,632 | ) |

| At 28 February 2023 | 188,350 |  |

| DEPRECIATION

| At 1 March 2022 | 77,629 |  |

| Charge for year | 19,943 |  |

| Eliminated on disposal | (20,062 | ) |

| At 28 February 2023 | 77,510 |  |

| NET BOOK VALUE

| At 28 February 2023 | 110,840 |  |

| At 28 February 2022 | 109,850 |  |

| The Heavenly Coffee Company Limited (Registered number: 07137780) |

Notes to the Financial Statements - continued

for the Year Ended 28 February 2023

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2023 | 2022 |

£ | £ |

| Trade debtors | 173,120 |  | 145,014 |  |

| Other debtors | 7,813 |  | 11,019 |  |

180,933 |  | 156,033 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2023 | 2022 |

£ | £ |

| Bank loans and overdrafts | 16,927 |  | 14,295 |  |

| Hire purchase contracts (see note 8) | 6,803 |  | 2,326 |  |

| Trade creditors | 114,520 |  | 182,660 |  |

| Taxation and social security | 52,436 |  | 32,531 |  |

| Other creditors | 4,358 |  | 3,912 |  |

195,044 |  | 235,724 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2023 | 2022 |

£ | £ |

| Bank loans | 42,536 |  | 56,775 |  |

| Hire purchase contracts (see note 8) | 13,038 |  | - |  |

55,574 |  | 56,775 |  |

8. | LEASING AGREEMENTS

| Minimum lease payments under hire purchase fall due as follows:

2023 | 2022 |

£ | £ |

| Net obligations repayable:

| Within one year | 6,803 |  | 2,326 |  |

| Between one and five years | 13,038 |  | - |  |

19,841 |  | 2,326 |  |