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REGISTERED NUMBER: 01711121 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

CARDEW & CO. (OXFORD) LIMITED

CARDEW & CO. (OXFORD) LIMITED (REGISTERED NUMBER: 01711121)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CARDEW & CO. (OXFORD) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr J Durkin
Mr J E Durkin
Mrs S E Durkin





SECRETARY: Mr J Durkin





REGISTERED OFFICE: Kingsgate House
Newbury Road
Andover
Hampshire
SP10 4DU





BUSINESS ADDRESS: Unit 6 Isis Court
Wyndyke Furlong
Abingdon Business Park
Abingdon
Oxfordshire
OX14 1DZ





REGISTERED NUMBER: 01711121 (England and Wales)






CARDEW & CO. (OXFORD) LIMITED (REGISTERED NUMBER: 01711121)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 15,155 23,163

CURRENT ASSETS
Stocks 6 167,756 132,543
Debtors 7 19,898 30,343
Cash at bank and in hand 109,380 129,549
297,034 292,435
CREDITORS
Amounts falling due within one year 8 64,691 60,263
NET CURRENT ASSETS 232,343 232,172
TOTAL ASSETS LESS CURRENT
LIABILITIES

247,498

255,335

CREDITORS
Amounts falling due after more than one
year

9

(22,438

)

(32,387

)

PROVISIONS FOR LIABILITIES - (463 )
NET ASSETS 225,060 222,485

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 224,960 222,385
SHAREHOLDERS' FUNDS 225,060 222,485

CARDEW & CO. (OXFORD) LIMITED (REGISTERED NUMBER: 01711121)

BALANCE SHEET - continued
31 MARCH 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 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 6 October 2023 and were signed on its behalf by:




Mr J Durkin - Director



Mrs S E Durkin - Director


CARDEW & CO. (OXFORD) LIMITED (REGISTERED NUMBER: 01711121)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Cardew & Co. (Oxford) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the sale of coffee and related supplies, excluding value added tax. Turnover is recognised when the goods are physically delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to leasehold premises - 20% straight line
Plant and machinery - 25% straight line
Fixtures and fittings - 20% straight line
Motor vehicles - 25% straight line
Computer equipment - 33% straight line

All fixed assets are initially recorded at cost.

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is ascertained on a FIFO basis from invoiced amounts charged by suppliers. Net realisable value is assured by the review of post balance sheet selling prices.

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.

Taxation
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.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

CARDEW & CO. (OXFORD) LIMITED (REGISTERED NUMBER: 01711121)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


3. 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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Grants
Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Grants relating to operating expenses are recognised through the income statement as the expenses are incurred to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 12 ) .

5. TANGIBLE FIXED ASSETS
Improvements
to Fixtures
leasehold Plant and and
premises machinery fittings
£    £    £   
COST
At 1 April 2022 15,740 59,734 25,638
Additions - 2,413 -
Disposals (9,912 ) (2,637 ) (295 )
At 31 March 2023 5,828 59,510 25,343
DEPRECIATION
At 1 April 2022 13,311 40,584 24,531
Charge for year 1,166 11,218 757
Eliminated on disposal (9,911 ) (2,635 ) (294 )
At 31 March 2023 4,566 49,167 24,994
NET BOOK VALUE
At 31 March 2023 1,262 10,343 349
At 31 March 2022 2,429 19,150 1,107

CARDEW & CO. (OXFORD) LIMITED (REGISTERED NUMBER: 01711121)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 13,995 2,208 117,315
Additions - 3,763 6,176
Disposals - (473 ) (13,317 )
At 31 March 2023 13,995 5,498 110,174
DEPRECIATION
At 1 April 2022 13,994 1,732 94,152
Charge for year - 1,038 14,179
Eliminated on disposal - (472 ) (13,312 )
At 31 March 2023 13,994 2,298 95,019
NET BOOK VALUE
At 31 March 2023 1 3,200 15,155
At 31 March 2022 1 476 23,163

6. STOCKS
2023 2022
£    £   
Packing materials 4,269 3,538
Goods purchased for resale 163,487 129,005
167,756 132,543

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 11,614 22,683
Other debtors 8,284 7,660
19,898 30,343

Included in other debtors is £1,604 (2022: £472) in relation to prepayments and accrued income.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 10) 9,950 9,706
Trade creditors 28,839 9,760
Amounts owed to group undertakings 3,000 -
Taxation and social security 7,980 12,203
Other creditors 14,922 28,594
64,691 60,263

Included in other creditors is £10,165 (2022: £21,250) in relation to accruals and deferred income.

CARDEW & CO. (OXFORD) LIMITED (REGISTERED NUMBER: 01711121)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 10) 22,438 32,387

10. LOANS

A loan was taken out by the company in a prior year under the Bounce Back Loan Scheme. The first 12 months interest was paid by HM Government, and no repayments were required to be made by the company for the first 12 month period.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

12. OTHER FINANCIAL COMMITMENTS

Total future financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £201,721 (2022: £125,850).

This amount is in relation to operating lease commitments which are payable over the next 4 years (2022:5 years).

13. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group companies where any subsidiary that is a party to the transaction is wholly owned within the group or where transactions have been undertaken under normal market conditions.