IRIS Accounts Production v24.1.4.33 08784908 director 1.12.22 30.11.23 30.11.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh087849082022-11-30087849082023-11-30087849082022-12-012023-11-30087849082021-11-30087849082021-12-012022-11-30087849082022-11-3008784908ns15:EnglandWales2022-12-012023-11-3008784908ns14:PoundSterling2022-12-012023-11-3008784908ns10:Director12022-12-012023-11-3008784908ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3008784908ns10:SmallEntities2022-12-012023-11-3008784908ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3008784908ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3008784908ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3008784908ns10:FullAccounts2022-12-012023-11-300878490812022-12-012023-11-3008784908ns5:CurrentFinancialInstruments2023-11-3008784908ns5:CurrentFinancialInstruments2022-11-3008784908ns5:Non-currentFinancialInstruments2023-11-3008784908ns5:Non-currentFinancialInstruments2022-11-3008784908ns5:ShareCapital2023-11-3008784908ns5:ShareCapital2022-11-3008784908ns5:RetainedEarningsAccumulatedLosses2023-11-3008784908ns5:RetainedEarningsAccumulatedLosses2022-11-3008784908ns10:RegisteredOffice2022-12-012023-11-3008784908ns5:NetGoodwill2022-12-012023-11-3008784908ns5:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3008784908ns5:PlantMachinery2022-12-012023-11-3008784908ns5:MotorVehicles2022-12-012023-11-3008784908ns5:ComputerEquipment2022-12-012023-11-3008784908ns5:NetGoodwill2022-11-3008784908ns5:NetGoodwill2023-11-3008784908ns5:NetGoodwill2022-11-3008784908ns5:LandBuildings2022-11-3008784908ns5:PlantMachinery2022-11-3008784908ns5:MotorVehicles2022-11-3008784908ns5:ComputerEquipment2022-11-3008784908ns5:LandBuildings2022-12-012023-11-3008784908ns5:LandBuildings2023-11-3008784908ns5:PlantMachinery2023-11-3008784908ns5:MotorVehicles2023-11-3008784908ns5:ComputerEquipment2023-11-3008784908ns5:LandBuildings2022-11-3008784908ns5:PlantMachinery2022-11-3008784908ns5:MotorVehicles2022-11-3008784908ns5:ComputerEquipment2022-11-3008784908ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3008784908ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3008784908ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-11-3008784908ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-11-3008784908ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-11-3008784908ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-11-300878490812022-12-012023-11-30
REGISTERED NUMBER: 08784908 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

COFFEE CART EXPRESS LIMITED

COFFEE CART EXPRESS LIMITED (REGISTERED NUMBER: 08784908)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Statement of Financial Position 1 to 2

Notes to the Financial Statements 3 to 7


COFFEE CART EXPRESS LIMITED (REGISTERED NUMBER: 08784908)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 198,600 170,920
198,600 170,920

CURRENT ASSETS
Inventories 986 -
Debtors 6 38,320 12,952
Cash at bank and in hand 13,967 126,812
53,273 139,764
CREDITORS
Amounts falling due within one year 7 (67,414 ) (103,887 )
NET CURRENT (LIABILITIES)/ASSETS (14,141 ) 35,877
TOTAL ASSETS LESS CURRENT
LIABILITIES

184,459

206,797

CREDITORS
Amounts falling due after more than one
year

8

(115,670

)

(25,798

)

PROVISIONS FOR LIABILITIES (15,429 ) (14,581 )
NET ASSETS 53,360 166,418

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 53,358 166,416
53,360 166,418

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

COFFEE CART EXPRESS LIMITED (REGISTERED NUMBER: 08784908)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 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 15 August 2024 and were signed by:





J Brodie - Director


COFFEE CART EXPRESS LIMITED (REGISTERED NUMBER: 08784908)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

COFFEE CART EXPRESS LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08784908

Registered office: Stone House
55 Stone Road Business Park
Stone Road
Stoke on Trent
Staffordshire
ST4 6SR

The principal activity is that of an event catering business.

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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances

(i) Estimated useful lives and residual values of fixed assets

Depreciation of tangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives used by other companies operating in the sector and actual asset lives and residual value as evidenced by disposals during the current and prior accounting periods.

REVENUE RECOGNITION
Revenue 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 of the goods 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.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

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.

COFFEE CART EXPRESS LIMITED (REGISTERED NUMBER: 08784908)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Motor vehicles - 25% straight line
Computer equipment - 33% straight line

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

STOCKS
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

FINANCIAL INSTRUMENTS
A financial asset or a financial liability is recognised only when the entity 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.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity


COFFEE CART EXPRESS LIMITED (REGISTERED NUMBER: 08784908)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 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.

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.

IMPAIRMENT OF FIXED ASSETS
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.
The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

PROVISIONS
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.

COFFEE CART EXPRESS LIMITED (REGISTERED NUMBER: 08784908)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 60,000
AMORTISATION
At 1 December 2022
and 30 November 2023 60,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

5. PROPERTY, PLANT AND EQUIPMENT
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 102,667 96,397 48,600 5,124 252,788
Additions 14,729 20,157 48,534 446 83,866
Disposals - (5,270 ) (13,314 ) - (18,584 )
At 30 November 2023 117,396 111,284 83,820 5,570 318,070
DEPRECIATION
At 1 December 2022 - 58,838 19,851 3,179 81,868
Charge for year - 19,043 18,680 1,192 38,915
Eliminated on disposal - - (1,313 ) - (1,313 )
At 30 November 2023 - 77,881 37,218 4,371 119,470
NET BOOK VALUE
At 30 November 2023 117,396 33,403 46,602 1,199 198,600
At 30 November 2022 102,667 37,559 28,749 1,945 170,920

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 24,051 11,687
Tax 10,527 -
VAT 2,630 -
Prepayments 1,112 1,265
38,320 12,952

COFFEE CART EXPRESS LIMITED (REGISTERED NUMBER: 08784908)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 9,989 21,177
Trade creditors 27,010 17,100
Tax - 11,221
Social security and other taxes 200 681
VAT - 7,272
Other creditors 1,616 1,934
Directors' loan accounts 21,314 41,747
Accruals and deferred income 7,285 2,755
67,414 103,887

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans - 1-2 years 10,383 10,128
Bank loans - 2-5 years 5,287 15,670
Directors' loan accounts 100,000 -
115,670 25,798

9. RELATED PARTY DISCLOSURES

All transactions undertaken with the directors are deemed to be conducted under normal market conditions and/or are not material.

10. POST BALANCE SHEET EVENTS

There were no post balance sheet events up to the date of approval of the financial statements by the Board.