Company Registration No. 06013587 (England and Wales)
Coffeemakers (Ingredients) Limited
Unaudited accounts
for the year ended 30 April 2023
Coffeemakers (Ingredients) Limited
Unaudited accounts
Contents
Coffeemakers (Ingredients) Limited
Company Information
for the year ended 30 April 2023
Directors
Maurice Craig Reynolds
Michelle Hunt
Judith Harding
Company Number
06013587 (England and Wales)
Registered Office
4 Bramley Hedge Farm
Redhill Road
Cobham
KT11 1EQ
ENGLAND
Accountants
M A Accountancy Group
Wolfe Mead
Farnham Road
Bordon
Hampshire
GU35 0NH
Coffeemakers (Ingredients) Limited
Statement of financial position
as at 30 April 2023
Tangible assets
19,282
18,695
Cash at bank and in hand
45,533
94,175
Creditors: amounts falling due within one year
(109,509)
(130,998)
Net current assets
111,825
120,841
Total assets less current liabilities
131,107
139,536
Creditors: amounts falling due after more than one year
(79,144)
(77,793)
Called up share capital
300
300
Share premium
59,955
59,955
Profit and loss account
(8,292)
1,488
Shareholders' funds
51,963
61,743
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2024 and were signed on its behalf by
Michelle Hunt
Director
Company Registration No. 06013587
Coffeemakers (Ingredients) Limited
Notes to the Accounts
for the year ended 30 April 2023
Coffeemakers (Ingredients) Limited is a private company, limited by shares, registered in England and Wales, registration number 06013587. The registered office is 4 Bramley Hedge Farm, Redhill Road, Cobham, KT11 1EQ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
- 25% reducing balance / 33% on cost
Motor vehicles
- 25% reducing balance
Fixtures & fittings
- 25% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
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.
Hire purchase commitments
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Coffeemakers (Ingredients) Limited
Notes to the Accounts
for the year ended 30 April 2023
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2022
87,501
20,000
32,050
139,551
Additions
11,921
-
-
11,921
At 30 April 2023
99,422
20,000
32,050
151,472
At 1 May 2022
72,958
16,663
31,235
120,856
Charge for the year
10,296
834
204
11,334
At 30 April 2023
83,254
17,497
31,439
132,190
At 30 April 2023
16,168
2,503
611
19,282
At 30 April 2022
14,543
3,337
815
18,695
Amounts falling due within one year
Trade debtors
77,726
69,973
Accrued income and prepayments
21,641
21,361
Other debtors
46,777
41,359
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,648
9,728
Trade creditors
60,009
69,769
Taxes and social security
4,713
2,505
Other creditors
335
12,578
Deferred income
30,770
35,418
Coffeemakers (Ingredients) Limited
Notes to the Accounts
for the year ended 30 April 2023
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
46,224
46,224
8
Average number of employees
During the year the average number of employees was 3 (2022: 4).