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REGISTERED NUMBER: 08074409 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Coffee Online Group Limited

Coffee Online Group Limited (Registered number: 08074409)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Coffee Online Group Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: R Tennent





SECRETARY: R Tennent





REGISTERED OFFICE: Unit 7 - 8
Station Road
Leatherhead Trade Park
Leatherhead
KT22 7AG





REGISTERED NUMBER: 08074409 (England and Wales)





ACCOUNTANTS: M Goddard & Co
Chartered Accountants
69 Tupwood Lane
Caterham
Surrey
CR3 6DD

Coffee Online Group Limited (Registered number: 08074409)

Abridged Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 765,625 -
Tangible assets 5 47,486 14,895
Investments 6 398 2,383,497
813,509 2,398,392

CURRENT ASSETS
Stocks 1,132,575 1,082,987
Debtors 1,044,696 74,096
Cash at bank 657,089 990,452
2,834,360 2,147,535
CREDITORS
Amounts falling due within one year 1,279,296 2,490,439
NET CURRENT ASSETS/(LIABILITIES) 1,555,064 (342,904 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,368,573

2,055,488

CREDITORS
Amounts falling due after more than one
year

-

(65,000

)

PROVISIONS FOR LIABILITIES (9,941 ) (1,546 )
NET ASSETS 2,358,632 1,988,942

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 2,358,622 1,988,932
SHAREHOLDERS' FUNDS 2,358,632 1,988,942

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Coffee Online Group Limited (Registered number: 08074409)

Abridged Balance Sheet - continued
31 March 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 March 2024 and were signed by:





R Tennent - Director


Coffee Online Group Limited (Registered number: 08074409)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Coffee Online Group Limited is a private company, limited by shares , registered in England and Wales. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of eight years.

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.

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 - 33% on cost and 20% 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.

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.

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.

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.

Coffee Online Group Limited (Registered number: 08074409)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 875,000
At 31 March 2023 875,000
AMORTISATION
Amortisation for year 109,375
At 31 March 2023 109,375
NET BOOK VALUE

At 31 March 2023 765,625

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 34,692
Additions 48,703
At 31 March 2023 83,395
DEPRECIATION
At 1 April 2022 19,797
Charge for year 16,112
At 31 March 2023 35,909
NET BOOK VALUE
At 31 March 2023 47,486
At 31 March 2022 14,895

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2022 2,383,497
Disposals (2,383,099 )
At 31 March 2023 398
NET BOOK VALUE
At 31 March 2023 398
At 31 March 2022 2,383,497

Coffee Online Group Limited (Registered number: 08074409)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. FIXED ASSET INVESTMENTS - continued

The cost of investment brought forward has been reversed in the year due to the assets of the two subsidiary companies being hived up in the year. This resulted in the creation of the intangible asset goodwill with a value of £875,000. The company owns 100% of the share capital of Coffee Supplies Direct Ltd £396 and 100% of the share capital of TCH Vending Ltd £2, both the subsidiary companies are dormant.

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £1,150,000 (2022 - £60,000) were paid to the director .

The company owed R Tennent, the sole director £477,001 (2022:£474,350) at the year end.

8. ULTIMATE CONTROLLING PARTY

The controlling party is R Tennent.