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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
Page
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Traders Coffee Limited Company Information for the year ended 31 January 2024
Directors
J A Green J C Guinnard M Kotaras M J Vickery
Secretary
J C Guinnard
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
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Traders Coffee Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,015,563 
1,067,003 
Current assets
Inventories
490,244 
515,051 
Debtors
322,816 
281,544 
Cash at bank and in hand
472,189 
334,534 
1,285,249 
1,131,129 
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 
Capital and reserves
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
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Traders Coffee Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Foreign exchange
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.
Stock
Stocks are valued at the lower of cost and net realisable value.
Deferred taxation
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.
Pension costs
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.
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Traders Coffee Limited Notes to the Accounts for the year ended 31 January 2024
Taxation
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 
£ 
Cost
At 1 February 2023
95,000 
At 31 January 2024
95,000 
Amortisation
At 1 February 2023
95,000 
At 31 January 2024
95,000 
Net book value
At 31 January 2024
- 
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 
Depreciation
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 
Net book value
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 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
255,280 
239,521 
Other debtors
67,536 
42,023 
322,816 
281,544 
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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 
439,834 
377,808 
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).
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