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REGISTERED NUMBER: 11292810 (England and Wales)

















ESQUIRES COFFEE (SOUTH EAST) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2022 TO 28 FEBRUARY 2023






ESQUIRES COFFEE (SOUTH EAST) LIMITED (REGISTERED NUMBER: 11292810)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2022 TO 28 FEBRUARY 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


ESQUIRES COFFEE (SOUTH EAST) LIMITED (REGISTERED NUMBER: 11292810)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 394,167 400,000
Tangible assets 5 24,065 -
418,232 400,000

CURRENT ASSETS
Debtors 6 44,518 41,751
Cash at bank 84,812 88,683
129,330 130,434
CREDITORS
Amounts falling due within one year 7 522,923 43,577
NET CURRENT (LIABILITIES)/ASSETS (393,593 ) 86,857
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,639

486,857

CREDITORS
Amounts falling due after more than one year 8 (19,733 ) (250,000 )

PROVISIONS FOR LIABILITIES (4,572 ) -
NET ASSETS 334 236,857

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 333 236,856
334 236,857

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

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 October 2023 and were signed by:





M C Webb - Director


ESQUIRES COFFEE (SOUTH EAST) LIMITED (REGISTERED NUMBER: 11292810)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2022 TO 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Esquires Coffee (South East) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11292810

Registered office: 71 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

2. 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.

Going concern
The directors have a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are prepared on the going concern basis.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

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

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 20% on reducing balance

Government grants
Government grants have been accounted for under the accrual model, recognised as other income against the period to which they relate.

ESQUIRES COFFEE (SOUTH EAST) LIMITED (REGISTERED NUMBER: 11292810)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2022 TO 28 FEBRUARY 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 3 ) .

ESQUIRES COFFEE (SOUTH EAST) LIMITED (REGISTERED NUMBER: 11292810)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2022 TO 28 FEBRUARY 2023

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 May 2022 400,000
Additions 30,000
At 28 February 2023 430,000
AMORTISATION
Amortisation for period 35,833
At 28 February 2023 35,833
NET BOOK VALUE
At 28 February 2023 394,167
At 30 April 2022 400,000

5. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
Additions 26,253
At 28 February 2023 26,253
DEPRECIATION
Charge for period 2,188
At 28 February 2023 2,188
NET BOOK VALUE
At 28 February 2023 24,065

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 26,253
At 28 February 2023 26,253
DEPRECIATION
Charge for period 2,188
At 28 February 2023 2,188
NET BOOK VALUE
At 28 February 2023 24,065

ESQUIRES COFFEE (SOUTH EAST) LIMITED (REGISTERED NUMBER: 11292810)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2022 TO 28 FEBRUARY 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 44,518 39,645
Other debtors - 2,106
44,518 41,751

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 4,670 -
Trade creditors 29,419 82,345
Amounts owed to group undertakings 438,424 -
Taxation and social security 46,206 8,907
Other creditors 4,204 (47,675 )
522,923 43,577

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 250,000
Hire purchase contracts 19,733 -
19,733 250,000