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REGISTERED NUMBER: SC510361 (Scotland)















Financial Statements For The Year Ended 31 July 2023

for

Henry's Coffee Company Limited

Henry's Coffee Company Limited (Registered number: SC510361)






Contents of the Financial Statements
For The Year Ended 31 July 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Henry's Coffee Company Limited

Company Information
For The Year Ended 31 July 2023







DIRECTORS: B McGregor
Mrs M G McGregor





REGISTERED OFFICE: 10 Hillhead Drive
Falkirk
FK1 5NG





REGISTERED NUMBER: SC510361 (Scotland)





ACCOUNTANTS: Robb Ferguson Chartered Accountants
Regent Court
70 West Regent Street
Glasgow
G2 2QZ

Henry's Coffee Company Limited (Registered number: SC510361)

Abridged Statement of Financial Position
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 80,582 61,955

CURRENT ASSETS
Stocks 7,861 10,989
Debtors 46,353 35,392
Cash at bank and in hand 100 13,484
54,314 59,865
CREDITORS
Amounts falling due within one year 40,506 40,160
NET CURRENT ASSETS 13,808 19,705
TOTAL ASSETS LESS CURRENT
LIABILITIES

94,390

81,660

CREDITORS
Amounts falling due after more than one
year

5

(37,296

)

(42,748

)

PROVISIONS FOR LIABILITIES (16,383 ) (11,771 )
NET ASSETS 40,711 27,141

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 40,611 27,041
SHAREHOLDERS' FUNDS 40,711 27,141

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

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

Henry's Coffee Company Limited (Registered number: SC510361)

Abridged Statement of Financial Position - continued
31 July 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 Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2024 and were signed on its behalf by:





B McGregor - Director


Henry's Coffee Company Limited (Registered number: SC510361)

Notes to the Financial Statements
For The Year Ended 31 July 2023

1. STATUTORY INFORMATION

Henry's Coffee Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 comprises the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixed plant and equipment - 25% on reducing balance and 15% on reducing balance
Computer equipment - 33.33% on cost
Motor vehicles - 25% 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.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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 statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Henry's Coffee Company Limited (Registered number: SC510361)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

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 3 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022 106,615
Additions 40,510
Disposals (13,290 )
At 31 July 2023 133,835
DEPRECIATION
At 1 August 2022 44,660
Charge for year 13,004
Eliminated on disposal (4,411 )
At 31 July 2023 53,253
NET BOOK VALUE
At 31 July 2023 80,582
At 31 July 2022 61,955

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 8,782 13,782