Company Registration No. 04613848 (England and Wales)
Traders Coffee Limited
Unaudited accounts
for the year ended 31 January 2024
Traders Coffee Limited
Unaudited accounts
Contents
Traders Coffee Limited
Company Information
for the year ended 31 January 2024
Directors
J A Green
J C Guinnard
M Kotaras
M J Vickery
Company Number
04613848 (England and Wales)
Registered Office
Traders Coffee
274 Ewell Road
Surbiton
Surrey
KT6 7AG
England
Accountants
Sloane Winckless & Co
Chartered Accountants
2-4 Stoneleigh Park Road
Epsom
Surrey
KT19 0QT
Traders Coffee Limited
Statement of financial position
as at 31 January 2024
Tangible assets
1,015,563
1,067,003
Inventories
490,244
515,051
Cash at bank and in hand
472,189
334,534
Creditors: amounts falling due within one year
(439,834)
(377,808)
Net current assets
845,415
753,321
Total assets less current liabilities
1,860,978
1,820,324
Creditors: amounts falling due after more than one year
(10,503)
(15,893)
Provisions for liabilities
Deferred tax
(75,713)
(64,509)
Net assets
1,774,762
1,739,922
Called up share capital
2
2
Profit and loss account
1,774,760
1,739,920
Shareholders' funds
1,774,762
1,739,922
For the year ending 31 January 2024 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 11 April 2024 and were signed on its behalf by
J A Green
Director
Company Registration No. 04613848
Traders Coffee Limited
Notes to the Accounts
for the year ended 31 January 2024
Traders Coffee Limited is a private company, limited by shares, registered in England and Wales, registration number 04613848. The registered office is Traders Coffee, 274 Ewell Road , Surbiton, Surrey, KT6 7AG, 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.
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.
In respect of monetary assets and liabilities at the balance sheet date, currencies are translated at year end rates of exchange. Assets, liabilities, revenues and costs are recorded at the average rates of exchange ruling during the year. All exchange differences arising are reported as part of the results for the year.
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:
Land & buildings
2% & 25% per annum on a reducing balance basis
Plant & machinery
25% per annum on a reducing balance basis
Motor vehicles
25% per annum on a reducing balance basis
Intangible fixed assets and amortisation
Goodwill was acquired as part of the purchase of the company's business and a subsequent purchase at £45,000. It is amortised to the profit and loss account over it remaining useful economic life.
Stocks are valued at the lower of cost and net realisable value.
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account for the year in which they are payable. The assets of the scheme are held separately ion an independently administered fund.
Traders Coffee Limited
Notes to the Accounts
for the year ended 31 January 2024
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2023
753,195
1,233,527
162,120
2,148,842
Additions
-
71,256
16,490
87,746
Disposals
-
(73,089)
(32,974)
(106,063)
At 31 January 2024
753,195
1,231,694
145,636
2,130,525
At 1 February 2023
173,995
798,104
109,740
1,081,839
Charge for the year
11,584
88,538
16,637
116,759
On disposals
-
(52,986)
(30,650)
(83,636)
At 31 January 2024
185,579
833,656
95,727
1,114,962
At 31 January 2024
567,616
398,038
49,909
1,015,563
At 31 January 2023
579,200
435,423
52,380
1,067,003
Amounts falling due within one year
Trade debtors
255,280
239,521
Other debtors
67,536
42,023
Traders Coffee Limited
Notes to the Accounts
for the year ended 31 January 2024
7
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
5,480
5,480
Trade creditors
131,772
125,115
Taxes and social security
100,570
31,108
Other creditors
202,012
216,105
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
10,503
15,893
9
Transactions with related parties
Mr. J.A. Green is a director of the company and owns 25% of the issued share capital. Traders Coffeebay Trustee Limited, an Employee Ownership Trust incorporated in England and Wales, owns 75% of the issued share capital.
During the year, rentals of £21,600 (2023 - £21,600) were paid to Mr. Green.
Dividends were paid during the year as follows:-
Traders Coffeebay Trustee Limited - Employee Ownership Trust - £162,000 (2023 - £403,500)
J.A. Green - £10,000 (2023 - £9,000)
10
Average number of employees
During the year the average number of employees was 20 (2023: 20).