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REGISTERED NUMBER: SC631982 (Scotland)










Unaudited Financial Statements

for the Period

1 April 2022 to 28 February 2023

for

COFFEEPOTS (DRIVE THRU) LIMITED

COFFEEPOTS (DRIVE THRU) LIMITED (REGISTERED NUMBER: SC631982)






Contents of the Financial Statements
for the Period 1 April 2022 to 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COFFEEPOTS (DRIVE THRU) LIMITED

Company Information
for the Period 1 April 2022 to 28 February 2023







DIRECTORS: P Dunese
C Wilson





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





REGISTERED NUMBER: SC631982 (Scotland)





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

COFFEEPOTS (DRIVE THRU) LIMITED (REGISTERED NUMBER: SC631982)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 36,444 38,706
Tangible assets 5 285,296 349,341
321,740 388,047

CURRENT ASSETS
Stocks 4,082 3,622
Debtors 6 58,338 76,784
Cash at bank and in hand 6,266 56,876
68,686 137,282
CREDITORS
Amounts falling due within one year 7 444,838 514,711
NET CURRENT LIABILITIES (376,152 ) (377,429 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(54,412

)

10,618

PROVISIONS FOR LIABILITIES - 1,736
NET (LIABILITIES)/ASSETS (54,412 ) 8,882

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (54,512 ) 8,782
SHAREHOLDERS' FUNDS (54,412 ) 8,882

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 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 (DRIVE THRU) LIMITED (REGISTERED NUMBER: SC631982)

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 Statement of Income and Retained Earnings 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



C Wilson - Director


COFFEEPOTS (DRIVE THRU) LIMITED (REGISTERED NUMBER: SC631982)

Notes to the Financial Statements
for the Period 1 April 2022 to 28 February 2023

1. STATUTORY INFORMATION

Coffeepots (Drive Thru) 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.

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.

Franchise Fees are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 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.

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 period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 (DRIVE THRU) LIMITED (REGISTERED NUMBER: SC631982)

Notes to the Financial Statements - continued
for the Period 1 April 2022 to 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 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
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 period was 22 (2022 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022 41,748
Additions 5,000
At 28 February 2023 46,748
AMORTISATION
At 1 April 2022 3,042
Charge for period 7,262
At 28 February 2023 10,304
NET BOOK VALUE
At 28 February 2023 36,444
At 31 March 2022 38,706

COFFEEPOTS (DRIVE THRU) LIMITED (REGISTERED NUMBER: SC631982)

Notes to the Financial Statements - continued
for the Period 1 April 2022 to 28 February 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 28 February 2023 376,801
DEPRECIATION
At 1 April 2022 27,460
Charge for period 64,045
At 28 February 2023 91,505
NET BOOK VALUE
At 28 February 2023 285,296
At 31 March 2022 349,341

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 25,544 10,456
Other debtors 32,794 66,328
58,338 76,784

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 68,962 36,149
Amounts owed to associates 205,738 426,052
Taxation and social security 31,339 -
Other creditors 138,799 52,510
444,838 514,711