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REGISTERED NUMBER: 10479963 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

KR COFFEE LTD

KR COFFEE LTD (REGISTERED NUMBER: 10479963)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KR COFFEE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 November 2023







DIRECTOR: T Schroeder





REGISTERED OFFICE: Thames House
3 Wellington Street
London
SE18 6NY





REGISTERED NUMBER: 10479963 (England and Wales)





ACCOUNTANTS: Richmond Gatehouse LLP
Thames House
3 Wellington Street
London
SE18 6NY

KR COFFEE LTD (REGISTERED NUMBER: 10479963)

BALANCE SHEET
30 November 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,397,742 782,612

CURRENT ASSETS
Stocks 5 191,500 100,000
Debtors 6 506,183 241,935
Cash at bank 1,699 38,015
699,382 379,950
CREDITORS
Amounts falling due within one year 7 (1,031,665 ) (319,727 )
NET CURRENT (LIABILITIES)/ASSETS (332,283 ) 60,223
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,065,459

842,835

CREDITORS
Amounts falling due after more than one
year

8

(409,176

)

(396,121

)
NET ASSETS 656,283 446,714

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 656,183 446,614
SHAREHOLDERS' FUNDS 656,283 446,714

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.

KR COFFEE LTD (REGISTERED NUMBER: 10479963)

BALANCE SHEET - 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 August 2024 and were signed by:





T Schroeder - Director


KR COFFEE LTD (REGISTERED NUMBER: 10479963)

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


1. STATUTORY INFORMATION

Kr Coffee Ltd 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.

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 etc - 10% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

KR COFFEE LTD (REGISTERED NUMBER: 10479963)

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 58 (2022 - 31 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 December 2022 16,981 221,661 657,485
Additions 56,295 121,243 614,244
At 30 November 2023 73,276 342,904 1,271,729
DEPRECIATION
At 1 December 2022 6,792 55,707 157,240
Charge for year 1,699 37,790 126,251
At 30 November 2023 8,491 93,497 283,491
NET BOOK VALUE
At 30 November 2023 64,785 249,407 988,238
At 30 November 2022 10,189 165,954 500,245

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2022 103,900 5,222 1,005,249
Additions - - 791,782
At 30 November 2023 103,900 5,222 1,797,031
DEPRECIATION
At 1 December 2022 - 2,898 222,637
Charge for year 10,390 522 176,652
At 30 November 2023 10,390 3,420 399,289
NET BOOK VALUE
At 30 November 2023 93,510 1,802 1,397,742
At 30 November 2022 103,900 2,324 782,612

5. STOCKS
2023 2022
£    £   
Stocks 191,500 100,000

KR COFFEE LTD (REGISTERED NUMBER: 10479963)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 15,374 7,185
Other debtors 490,809 234,750
506,183 241,935

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 250,832 -
Hire purchase contracts 13,242 -
Trade creditors 391,132 89,499
Taxation and social security 257,574 130,057
Other creditors 118,885 100,171
1,031,665 319,727

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 336,760 222,828
Hire purchase contracts 72,416 98,900
Other creditors - 74,393
409,176 396,121

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 207,642 -
Hire purchase - 98,900
207,642 98,900

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100

KR COFFEE LTD (REGISTERED NUMBER: 10479963)

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


10. RESERVES
Retained
earnings
£   

At 1 December 2022 446,614
Profit for the year 458,069
Dividends (248,500 )
At 30 November 2023 656,183