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REGISTERED NUMBER: SC582623 (Scotland)












Financial Statements

for the Year Ended 30 November 2023

for

Govanhill Coffee Limited

Govanhill Coffee Limited (Registered number: SC582623)






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


Govanhill Coffee Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: D Docherty





REGISTERED OFFICE: Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU





REGISTERED NUMBER: SC582623 (Scotland)





ACCOUNTANTS: O'Haras Chartered Accountants
Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU

Govanhill Coffee Limited (Registered number: SC582623)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 84,030 66,721

CURRENT ASSETS
Inventories 3,000 3,500
Debtors 5 - 23,616
Cash at bank and in hand 42,364 54,282
45,364 81,398
CREDITORS
Amounts falling due within one year 6 48,578 69,445
NET CURRENT (LIABILITIES)/ASSETS (3,214 ) 11,953
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,816

78,674

CREDITORS
Amounts falling due after more than one year 7 (12,207 ) (19,879 )

PROVISIONS FOR LIABILITIES (21,008 ) (16,680 )
NET ASSETS 47,601 42,115

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 47,501 42,015
SHAREHOLDERS' FUNDS 47,601 42,115

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.

Govanhill Coffee Limited (Registered number: SC582623)

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 2 August 2024 and were signed by:





D Docherty - Director


Govanhill Coffee Limited (Registered number: SC582623)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Govanhill Coffee Limited is a private company, limited by shares , registered in Scotland. 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.

Going concern
The directors are satisfied that the Company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Revenue
Turnover represents the amounts derived from the retail outlet, with regards to service provided and goods produced, excluding value added tax and trade discounts. Revenue is recognised in the accounting period in which the services are rendered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

Inventories
Inventories 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.

Govanhill Coffee Limited (Registered number: SC582623)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 8 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 December 2022 93,902 15,335 2,468 111,705
Additions 5,312 21,655 1,272 28,239
Disposals - (15,335 ) - (15,335 )
At 30 November 2023 99,214 21,655 3,740 124,609
DEPRECIATION
At 1 December 2022 27,747 15,335 1,902 44,984
Charge for year 10,294 399 237 10,930
Eliminated on disposal - (15,335 ) - (15,335 )
At 30 November 2023 38,041 399 2,139 40,579
NET BOOK VALUE
At 30 November 2023 61,173 21,256 1,601 84,030
At 30 November 2022 66,155 - 566 66,721

Govanhill Coffee Limited (Registered number: SC582623)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 14,541
Other debtors - 9,075
- 23,616

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,519 8,519
Trade creditors - 677
Taxation and social security 16,647 46,464
Other creditors 23,412 13,785
48,578 69,445

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 12,207 19,879

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1.00 100 100