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REGISTERED NUMBER: SC730214 (Scotland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 21 APRIL 2022 TO 31 MARCH 2023

FOR

WILLIAMS & JOHNSON COFFEE CO. LTD

WILLIAMS & JOHNSON COFFEE CO. LTD (REGISTERED NUMBER: SC730214)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 21 APRIL 2022 TO 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountant's Report 6

WILLIAMS & JOHNSON COFFEE CO. LTD

COMPANY INFORMATION
FOR THE PERIOD 21 APRIL 2022 TO 31 MARCH 2023







DIRECTORS: T Johnson
Z Williams





REGISTERED OFFICE: 1 Customs Wharf
Edinburgh
EH6 6AL





REGISTERED NUMBER: SC730214 (Scotland)





ACCOUNTANT: Mrs Jennifer Payne ACA CTA AIIT
TaxBase Accountancy Services
32 West Burnside
Dollar
Clackmannanshire
FK14 7DR

WILLIAMS & JOHNSON COFFEE CO. LTD (REGISTERED NUMBER: SC730214)

BALANCE SHEET
31 MARCH 2023

Notes £    £   
FIXED ASSETS
Intangible assets 4 109
Tangible assets 5 79,028
79,137

CURRENT ASSETS
Stocks 15,718
Debtors 6 16,926
Cash at bank 4,111
36,755
CREDITORS
Amounts falling due within one year 7 90,516
NET CURRENT LIABILITIES (53,761 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,376

PROVISIONS FOR LIABILITIES 4,450
NET ASSETS 20,926

CAPITAL AND RESERVES
Called up share capital 1,000
Retained earnings 19,926
SHAREHOLDERS' FUNDS 20,926

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

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

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2024 and were signed on its behalf by:




T Johnson - Director



Z Williams - Director


WILLIAMS & JOHNSON COFFEE CO. LTD (REGISTERED NUMBER: SC730214)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 21 APRIL 2022 TO 31 MARCH 2023

1. STATUTORY INFORMATION

Williams & Johnson Coffee Co. Ltd 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.

Patents & Trade Marks are being amortised over their estimated, remaining useful life of 88 months from 1 July 2022.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Leasehold Improvements - depreciated over 10 years, straight line basis

Plant, machinery & equipment - depreciated over either 3 years, 5 years or 10 years, straight line basis

Computer equipment - depreciated over 3 years, straight line basis

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 period 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 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.

WILLIAMS & JOHNSON COFFEE CO. LTD (REGISTERED NUMBER: SC730214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 21 APRIL 2022 TO 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Net current liabilities
At the balance sheet date the company had net current liabilities of £53,761. The company has the support of the directors in meeting its working capital requirements and hence the directors consider that it is appropriate that the financial statements are prepared on the basis that the company is a going concern

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 11 .

4. INTANGIBLE FIXED ASSETS
Patents &
Trade
Marks
£   
COST
Additions 125
At 31 March 2023 125
AMORTISATION
Amortisation for period 16
At 31 March 2023 16
NET BOOK VALUE
At 31 March 2023 109

Upon cessation of trading of the partnership, Williams and Johnson Coffee Co., intangible fixed assets totalling £125 were transferred to Williams & Johnson Coffee Co. Ltd.

5. TANGIBLE FIXED ASSETS
Leasehold Plant & Computer
Improvements equipment equipment Totals
£    £    £    £   
COST
Additions 2,500 24,061 - 26,561
Disposals - (1,200 ) - (1,200 )
Transfer to ownership 5,314 55,745 1,270 62,329
At 31 March 2023 7,814 78,606 1,270 87,690
DEPRECIATION
Charge for period 503 7,841 318 8,662
At 31 March 2023 503 7,841 318 8,662
NET BOOK VALUE
At 31 March 2023 7,311 70,765 952 79,028

Upon cessation of trading of the partnership, Williams and Johnson Coffee Co., fixed assets totalling £62,329 were transferred to Williams & Johnson Coffee Co. Ltd.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 11,576
Other debtors 5,350
16,926

WILLIAMS & JOHNSON COFFEE CO. LTD (REGISTERED NUMBER: SC730214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 21 APRIL 2022 TO 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 19,029
Taxation and social security 15,210
Other creditors 56,277
90,516

Other creditors includes a loan for £6,000, which was repaid in full by 12 June 2023

Other creditors also includes the directors' loan accounts totalling £39,822 (see note 10).

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
£   
Within one year 1,832

9. RELATED PARTY DISCLOSURES

Williams and Johnson Coffee Co. partnership ceased trading on 30 June 2022 when its assets and trade were transferred to Williams & Johnson Coffee Co. Ltd on incorporation of the partnership as a going concern. The two partners of Williams and Johnson Coffee Co partnership are the sole shareholders and directors of Williams & Johnson Coffee Co. Ltd. Payment for the assets and trade of the partnership was made by Williams & Johnson Coffee Co. Ltd via the directors loan account. After drawing down on this loan, the remaining amount owed to the directors at 31.03.23 of £39,822 is included within Other Creditors (see note 8).

10. COMMENCEMENT OF TRADING

The company commenced trading on 1 July 2022.

CHARTERED ACCOUNTANT'S REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
WILLIAMS & JOHNSON COFFEE CO. LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Williams & Johnson Coffee Co. Ltd for the period ended 31 March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Williams & Johnson Coffee Co. Ltd, as a body, in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of Williams & Johnson Coffee Co. Ltd and state those matters that I have agreed to state to the Board of Directors of Williams & Johnson Coffee Co. Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Williams & Johnson Coffee Co. Ltd and its Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that Williams & Johnson Coffee Co. Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Williams & Johnson Coffee Co. Ltd. You consider that Williams & Johnson Coffee Co. Ltd is exempt from the statutory audit requirement for the period.

I have not been instructed to carry out an audit or a review of the financial statements of Williams & Johnson Coffee Co. Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.






Mrs Jennifer Payne ACA CTA AIIT
TaxBase Accountancy Services
32 West Burnside
Dollar
Clackmannanshire
FK14 7DR


15 April 2024