Company Registration No. SC363450 (Scotland)
CG COFFEE LIMITED
Unaudited accounts
for the year ended 31 August 2023
CG COFFEE LIMITED
Company Information
for the year ended 31 August 2023
Company Number
SC363450 (Scotland)
Registered Office
Elderpark Workspace
Elderpark Street
Glasgow
G51 3TR
Scotland
Accountants
Malcolm Shepherd & Co Ltd C.A.
151 Kirkintilloch Road
Bishopbriggs
Glasgow
G64 2LS
CG COFFEE LIMITED
Statement of financial position
as at 31 August 2023
Tangible assets
210,999
162,406
Inventories
144,296
135,946
Cash at bank and in hand
278,978
241,835
Creditors: amounts falling due within one year
(307,938)
(233,360)
Net current assets
394,304
402,427
Total assets less current liabilities
605,303
564,833
Creditors: amounts falling due after more than one year
(163,036)
(211,709)
Net assets
442,267
353,124
Called up share capital
20
20
Profit and loss account
442,247
353,104
Shareholders' funds
442,267
353,124
For the year ending 31 August 2023 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 director acknowledges his 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 and authorised for issue on 29 February 2024 and were signed on its behalf by
Gary Wright
Director
Company Registration No. SC363450
CG COFFEE LIMITED
Notes to the Accounts
for the year ended 31 August 2023
CG COFFEE LIMITED is a private company, limited by shares, registered in Scotland, registration number SC363450. The registered office is Elderpark Workspace, Elderpark Street, Glasgow, G51 3TR, Scotland.
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.
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:
Plant & machinery
Reducing balance basis 25% p.a.
Motor vehicles
Reducing balance basis 25% p.a.
Fixtures & fittings
Reducing balance basis 25% p.a.
Computer equipment
Reducing balance basis 25% p.a.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 September 2022
255,056
166,020
5,060
14,127
440,263
Additions
97,045
38,135
-
524
135,704
Disposals
(81,826)
(21,060)
-
-
(102,886)
At 31 August 2023
270,275
183,095
5,060
14,651
473,081
At 1 September 2022
170,702
92,188
3,191
11,776
277,857
Charge for the year
52,586
17,044
467
719
70,816
On disposals
(70,531)
(16,060)
-
-
(86,591)
At 31 August 2023
152,757
93,172
3,658
12,495
262,082
At 31 August 2023
117,518
89,923
1,402
2,156
210,999
At 31 August 2022
84,354
73,832
1,869
2,351
162,406
CG COFFEE LIMITED
Notes to the Accounts
for the year ended 31 August 2023
Carrying values included above held under finance leases and hire purchase contracts:
£
£
Amounts falling due within one year
Trade debtors
260,043
237,607
Accrued income and prepayments
9,030
9,214
Other debtors
6,866
11,185
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
30,883
30,883
Obligations under finance leases and hire purchase contracts
8,716
14,534
Trade creditors
196,528
115,777
Taxes and social security
45,848
45,486
Proposed dividends
-
1,150
Other creditors
11,669
10,917
Loans from directors
5,553
4,742
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
155,288
200,343
Obligations under finance leases and hire purchase contracts
7,748
11,366
8
Average number of employees
During the year the average number of employees was 11 (2022: 11).