IRIS Accounts Production v23.3.0.418 SC280069 Board of Directors 1.3.22 28.2.23 28.2.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC2800692022-02-28SC2800692023-02-28SC2800692022-03-012023-02-28SC2800692021-02-28SC2800692021-03-012022-02-28SC2800692022-02-28SC280069ns16:Scotland2022-03-012023-02-28SC280069ns15:PoundSterling2022-03-012023-02-28SC280069ns11:Director12022-03-012023-02-28SC280069ns11:PrivateLimitedCompanyLtd2022-03-012023-02-28SC280069ns11:SmallEntities2022-03-012023-02-28SC280069ns11:AuditExempt-NoAccountantsReport2022-03-012023-02-28SC280069ns11:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-28SC280069ns11:SmallCompaniesRegimeForAccounts2022-03-012023-02-28SC280069ns11:FullAccounts2022-03-012023-02-28SC28006912022-03-012023-02-28SC280069ns11:Director22022-03-012023-02-28SC280069ns11:RegisteredOffice2022-03-012023-02-28SC280069ns6:CurrentFinancialInstruments2023-02-28SC280069ns6:CurrentFinancialInstruments2022-02-28SC280069ns6:Non-currentFinancialInstruments2023-02-28SC280069ns6:Non-currentFinancialInstruments2022-02-28SC280069ns6:ShareCapital2023-02-28SC280069ns6:ShareCapital2022-02-28SC280069ns6:RetainedEarningsAccumulatedLosses2023-02-28SC280069ns6:RetainedEarningsAccumulatedLosses2022-02-28SC280069ns6:PatentsTrademarksLicencesConcessionsSimilar2022-03-012023-02-28SC280069ns6:LeaseholdImprovements2022-03-012023-02-28SC280069ns6:FurnitureFittings2022-03-012023-02-28SC280069ns6:PatentsTrademarksLicencesConcessionsSimilar2022-02-28SC280069ns6:PatentsTrademarksLicencesConcessionsSimilar2023-02-28SC280069ns6:PatentsTrademarksLicencesConcessionsSimilar2022-02-28SC280069ns6:LeaseholdImprovements2022-02-28SC280069ns6:PlantMachinery2022-02-28SC280069ns6:FurnitureFittings2022-02-28SC280069ns6:MotorVehicles2022-02-28SC280069ns6:PlantMachinery2022-03-012023-02-28SC280069ns6:MotorVehicles2022-03-012023-02-28SC280069ns6:LeaseholdImprovements2023-02-28SC280069ns6:PlantMachinery2023-02-28SC280069ns6:FurnitureFittings2023-02-28SC280069ns6:MotorVehicles2023-02-28SC280069ns6:LeaseholdImprovements2022-02-28SC280069ns6:PlantMachinery2022-02-28SC280069ns6:FurnitureFittings2022-02-28SC280069ns6:MotorVehicles2022-02-28SC280069ns6:WithinOneYearns6:CurrentFinancialInstruments2023-02-28SC280069ns6:WithinOneYearns6:CurrentFinancialInstruments2022-02-28SC280069ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2023-02-28SC280069ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2022-02-28SC2800692ns11:Director22022-02-28SC2800692ns11:Director22021-02-28SC2800692ns11:Director22022-03-012023-02-28SC2800692ns11:Director22021-03-012022-02-28SC2800692ns11:Director22023-02-28SC2800692ns11:Director22022-02-28SC280069ns11:Director112022-02-28SC280069ns11:Director112021-02-28SC280069ns11:Director112022-03-012023-02-28SC280069ns11:Director112021-03-012022-02-28SC280069ns11:Director112023-02-28SC280069ns11:Director112022-02-28
REGISTERED NUMBER: SC280069 (Scotland)










Unaudited Financial Statements

for the Year Ended 28 February 2023

for

COFFEEPOTS LIMITED

COFFEEPOTS LIMITED (REGISTERED NUMBER: SC280069)






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


COFFEEPOTS LIMITED

Company Information
for the Year Ended 28 February 2023







DIRECTORS: C Wilson
P Dunese





REGISTERED OFFICE: C/O WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA





REGISTERED NUMBER: SC280069 (Scotland)





ACCOUNTANTS: WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA

COFFEEPOTS LIMITED (REGISTERED NUMBER: SC280069)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 11,836 17,556
Tangible assets 5 1,777,789 1,342,094
1,789,625 1,359,650

CURRENT ASSETS
Stocks 6 35,861 30,036
Debtors 7 3,391,529 3,507,093
Cash in hand 9,130 8,100
3,436,520 3,545,229
CREDITORS
Amounts falling due within one year 8 2,387,794 2,153,112
NET CURRENT ASSETS 1,048,726 1,392,117
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,838,351

2,751,767

CREDITORS
Amounts falling due after more than one
year

9

(400,000

)

(520,000

)

PROVISIONS FOR LIABILITIES (206,445 ) (139,360 )
NET ASSETS 2,231,906 2,092,407

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,231,806 2,092,307
SHAREHOLDERS' FUNDS 2,231,906 2,092,407

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.

COFFEEPOTS LIMITED (REGISTERED NUMBER: SC280069)

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 27 November 2023 and were signed on its behalf by:





P Dunese - Director


COFFEEPOTS LIMITED (REGISTERED NUMBER: SC280069)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Coffeepots Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

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

Franchise fees
Costs associated with the franchise fee costs are capitalised as intangible fixed assets and amortised accordingly.

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 property - 10% on cost
Fixtures and fittings - 20% on reducing balance

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

Basic financial instruments
Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

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.


COFFEEPOTS LIMITED (REGISTERED NUMBER: SC280069)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued
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.

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 year was 146 (2022 - 144 ) .

4. INTANGIBLE FIXED ASSETS
Franchise
Fees
£   
COST
At 1 March 2022 122,212
Additions 10,000
At 28 February 2023 132,212
AMORTISATION
At 1 March 2022 104,656
Amortisation for year 15,720
At 28 February 2023 120,376
NET BOOK VALUE
At 28 February 2023 11,836
At 28 February 2022 17,556

COFFEEPOTS LIMITED (REGISTERED NUMBER: SC280069)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 March 2022 2,317,865 10,622 1,100,591 127,900 3,556,978
Additions 573,297 2,194 152,561 - 728,052
At 28 February 2023 2,891,162 12,816 1,253,152 127,900 4,285,030
DEPRECIATION
At 1 March 2022 1,407,176 8,696 765,926 33,086 2,214,884
Charge for year 186,645 753 85,996 18,963 292,357
At 28 February 2023 1,593,821 9,449 851,922 52,049 2,507,241
NET BOOK VALUE
At 28 February 2023 1,297,341 3,367 401,230 75,851 1,777,789
At 28 February 2022 910,689 1,926 334,665 94,814 1,342,094

6. STOCKS
2023 2022
£    £   
Stocks 35,861 30,036

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 132,579 116,967
Amounts owed by group undertakings 3,130,459 3,207,054
Other debtors 19,249 98,822
Prepayments 109,242 84,250
3,391,529 3,507,093

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 266,308 260,027
Trade creditors 183,070 192,514
Tax (1,953 ) 210,614
Social security and other taxes 40,637 30,780
VAT 156,307 52,294
Other creditors 50,924 63,365
Directors' current accounts 1,130,077 930,077
Accruals and deferred income 562,424 413,441
2,387,794 2,153,112

COFFEEPOTS LIMITED (REGISTERED NUMBER: SC280069)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 400,000 520,000

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
C Wilson
Balance outstanding at start of year 564,832 379,832
Amounts advanced 75,000 185,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 639,832 564,832

P Dunese
Balance outstanding at start of year 365,245 290,245
Amounts advanced 125,000 75,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 490,245 365,245

11. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.