Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-302022-07-01falsetrueNo description of principal activity44falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10358373 2022-07-01 2023-06-30 10358373 2021-07-01 2022-06-30 10358373 2023-06-30 10358373 2022-06-30 10358373 c:Director2 2022-07-01 2023-06-30 10358373 d:PlantMachinery 2022-07-01 2023-06-30 10358373 d:PlantMachinery 2023-06-30 10358373 d:PlantMachinery 2022-06-30 10358373 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 10358373 d:OfficeEquipment 2022-07-01 2023-06-30 10358373 d:OfficeEquipment 2023-06-30 10358373 d:OfficeEquipment 2022-06-30 10358373 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 10358373 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 10358373 d:CurrentFinancialInstruments 2023-06-30 10358373 d:CurrentFinancialInstruments 2022-06-30 10358373 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 10358373 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 10358373 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 10358373 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 10358373 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 10358373 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-06-30 10358373 d:ShareCapital 2023-06-30 10358373 d:ShareCapital 2022-06-30 10358373 d:RetainedEarningsAccumulatedLosses 2023-06-30 10358373 d:RetainedEarningsAccumulatedLosses 2022-06-30 10358373 c:OrdinaryShareClass1 2022-07-01 2023-06-30 10358373 c:OrdinaryShareClass1 2021-07-01 2022-06-30 10358373 c:OrdinaryShareClass1 2023-06-30 10358373 c:OrdinaryShareClass1 2022-06-30 10358373 c:FRS102 2022-07-01 2023-06-30 10358373 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 10358373 c:FullAccounts 2022-07-01 2023-06-30 10358373 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 10358373


 

COFFEE-BIKE INTERNATIONAL LIMITED
 
UNAUDITED
 
ANNUAL REPORT
 
FOR THE YEAR ENDED 30 JUNE 2023

 
COFFEE-BIKE INTERNATIONAL LIMITED
REGISTERED NUMBER: 10358373

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 3 
119,339
187,679

Current assets
  

Stocks
 4 
25,059
22,236

Debtors: amounts falling due within one year
 5 
210,443
117,989

Cash at bank
  
84,163
74,184

  
319,665
214,409

Creditors: amounts falling due within one year
 6 
(164,015)
(72,236)

Net current assets
  
 
 
155,650
 
 
142,173

Creditors: amounts falling due after more than one year
  
(1,035,976)
(901,410)

Net liabilities
  
(760,987)
(571,558)


Capital and reserves
  

Called up share capital 
 8 
10,000
10,000

Profit and loss account
  
(770,987)
(581,558)

  
(760,987)
(571,558)


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J Dobrawa
Director

Date: 22 November 2023

The notes on pages 2 to 6 form part of these financial statements.

 Page 1

 
COFFEE-BIKE INTERNATIONAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

1.Accounting policies

 
1.1

Basis of preparation of financial statements

Coffee-Bike International Limited (''the company'') is a limited liability company incorporated and domiciled in the United Kingdom. The address of its registered office is Sky View, Argosy Road, East Midlands Airport, Castle Donington, Derby, DE74 2SA.
The financial statements are prepared in Sterling (£), which is the functional currency of the company. The financial statements are for a year ended 30 June 2023 (2022: year ended 30 June 2022).

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
1.2

Going concern

The financial statements have been prepared under the historical cost convention, in accordance with applicable accounting standards and on a going concern basis. The company incurred a net loss of £189,429 during the year ended 30 June 2023, at that date it had net liabilities of £760,987.
The directors are confident that the company has adequate resources and the continued support of the parent company to continue in operation for the foreseeable future and accordingly, have adopted the going concern basis in preparing the financial statements. 

 
1.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 Page 2

 
COFFEE-BIKE INTERNATIONAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

1.Accounting policies (continued)

 
1.4

Operating leases

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

 
1.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the profit and loss account in the same period as the related expenditure.

 
1.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 Page 3

 
COFFEE-BIKE INTERNATIONAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

1.Accounting policies (continued)

 
1.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
Straight line 6 - 11 years
Office equipment
-
20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
1.9

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties and loans with related parties. 
 
All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an assets' carrying amount and best estimate, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date. 


2.


Employees

The average monthly number of employees, including directors, during the period was 4 (2022: 4).

 Page 4

 
COFFEE-BIKE INTERNATIONAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

3.


Tangible fixed assets





Coffee bikes & trailers
Office equipment
Total

£
£
£



Cost or valuation


At 1 July 2022
296,138
12,566
308,704


Additions
49,188
103
49,291


Disposals
(161,816)
-
(161,816)



At 30 June 2023

183,510
12,669
196,179



Depreciation


At 1 July 2022
118,440
2,585
121,025


Charge for the period on owned assets
40,462
2,678
43,140


Disposals
(87,325)
-
(87,325)



At 30 June 2023

71,577
5,263
76,840



Net book value



At 30 June 2023
111,933
7,406
119,339



At 30 June 2022
177,698
9,981
187,679


4.


Stocks

2023
2022
£
£

Finished goods and goods for resale
25,059
22,236



5.


Debtors

2023
2022
£
£

Trade debtors
188,848
93,182

Other debtors
20,708
19,883

Prepayments
887
4,924

210,443
117,989


 Page 5

 
COFFEE-BIKE INTERNATIONAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
88,052
5,454

Other creditors
6,691
-

Other taxation and social security
3,232
2,276

Franchisee deposits
61,000
58,066

Accruals
5,040
6,440

164,015
72,236



7.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due 2-5 years

Other loans
1,035,976
901,410


The loan facility is provided by the parent company and is unsecured.


8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



10,000 (2022: 10,000) Ordinary shares of £1 each
10,000
10,000



 Page 6