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REGISTERED NUMBER: 05189055 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Jaunty Goat Coffee (Chester) Limited

Jaunty Goat Coffee (Chester) Limited (Registered number: 05189055)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Jaunty Goat Coffee (Chester) Limited

Company Information
for the Year Ended 31 July 2023







Director: P A White





Secretary: P A White





Registered office: 57 Bridge Street
Chester
CH1 1NG





Registered number: 05189055 (England and Wales)





Accountants: Ellis & Co
Chartered Accountants
114-120 Northgate Street
Chester
CH1 2HT

Jaunty Goat Coffee (Chester) Limited (Registered number: 05189055)

Statement of Financial Position
31 July 2023

31/7/23 31/7/22
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 218,191 201,942
218,191 201,942

Current assets
Stocks 5,000 17,535
Debtors 6 58,132 89,740
63,132 107,275
Creditors
Amounts falling due within one year 7 208,015 246,080
Net current liabilities (144,883 ) (138,805 )
Total assets less current liabilities 73,308 63,137

Creditors
Amounts falling due after more than
one year

8

(59,003

)

(29,255

)

Provisions for liabilities 10 (33,423 ) (22,499 )
Net (liabilities)/assets (19,118 ) 11,383

Capital and reserves
Called up share capital 1 1
Retained earnings (19,119 ) 11,382
Shareholders' funds (19,118 ) 11,383

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 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.

Jaunty Goat Coffee (Chester) Limited (Registered number: 05189055)

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.

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

The financial statements were approved by the director and authorised for issue on 23 April 2024 and were signed by:





P A White - Director


Jaunty Goat Coffee (Chester) Limited (Registered number: 05189055)

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

1. Statutory information

Jaunty Goat Coffee (Chester) 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.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

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.

Trademarks are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property improvements - 10% on cost
Plant and machinery - 25% on cost
Fixtures, fittings & equipment - 25% 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.


Jaunty Goat Coffee (Chester) Limited (Registered number: 05189055)

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

2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

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.

Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

3. Employees and directors

The average number of employees during the year was 35 (2022 - 34 ) .

Jaunty Goat Coffee (Chester) Limited (Registered number: 05189055)

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

4. Intangible fixed assets
Trademarks
£   
Cost
At 1 August 2022
and 31 July 2023 2,343
Amortisation
At 1 August 2022
and 31 July 2023 2,343
Net book value
At 31 July 2023 -
At 31 July 2022 -

5. Tangible fixed assets
Leasehold Fixtures,
property Plant and fittings Motor
improvements machinery & equipment vehicles Totals
£    £    £    £    £   
Cost
At 1 August 2022 158,603 190,319 173,310 - 522,232
Additions 12,184 47,226 6,421 49,607 115,438
At 31 July 2023 170,787 237,545 179,731 49,607 637,670
Depreciation
At 1 August 2022 70,305 109,054 140,931 - 320,290
Charge for year 17,079 53,727 18,462 9,921 99,189
At 31 July 2023 87,384 162,781 159,393 9,921 419,479
Net book value
At 31 July 2023 83,403 74,764 20,338 39,686 218,191
At 31 July 2022 88,298 81,265 32,379 - 201,942

6. Debtors: amounts falling due within one year
31/7/23 31/7/22
£    £   
Trade debtors 29,300 33,863
Other debtors 28,832 55,877
58,132 89,740

Jaunty Goat Coffee (Chester) Limited (Registered number: 05189055)

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

7. Creditors: amounts falling due within one year
31/7/23 31/7/22
£    £   
Bank loans and overdrafts 30,070 42,054
Hire purchase contracts 15,220 6,373
Trade creditors 66,861 88,495
Taxation and social security 52,097 63,787
Other creditors 43,767 45,371
208,015 246,080

8. Creditors: amounts falling due after more than one year
31/7/23 31/7/22
£    £   
Bank loans 18,367 25,538
Hire purchase contracts 40,636 3,717
59,003 29,255

9. Secured debts

The following secured debts are included within creditors:

31/7/23 31/7/22
£    £   
Hire purchase contracts 55,856 10,090

Hire purchase contracts are secured on the underlying assets.

10. Provisions for liabilities
31/7/23 31/7/22
£    £   
Deferred tax 33,423 22,499

Deferred
tax
£   
Balance at 1 August 2022 22,499
Charge to Statement of Income and Retained Earnings
during year

10,924
Balance at 31 July 2023 33,423

11. Financial commitments

At 31 July 2023 the company had total commitments under non-cancellable operating leases over the remaining term of the leases of £483,750 (2022 - £558,750) of which £75,000 is due within one year.

Jaunty Goat Coffee (Chester) Limited (Registered number: 05189055)

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

12. Related party disclosures

During previous periods the director made loans to the company. The balance on these loans at 31 July 2023 was £17,538 (31 July 2022 - £40,486). These loans are interest free and repayable on demand.

The director has given a personal guarantee in respect of the company's bank borrowings.