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REGISTERED NUMBER: 03081319















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Dwyfor Coffee Company Limited

Dwyfor Coffee Company Limited (Registered number: 03081319)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Dwyfor Coffee Company Limited (Registered number: 03081319)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 295,587 315,831
295,587 315,831

CURRENT ASSETS
Stocks 270,299 271,428
Debtors 6 223,957 223,589
Cash at bank and in hand 2,252 1,546
496,508 496,563
CREDITORS
Amounts falling due within one year 7 312,848 320,705
NET CURRENT ASSETS 183,660 175,858
TOTAL ASSETS LESS CURRENT
LIABILITIES

479,247

491,689

CREDITORS
Amounts falling due after more than one year 8 (346,259 ) (372,293 )

ACCRUALS AND DEFERRED INCOME (2,404 ) (3,205 )
NET ASSETS 130,584 116,191

CAPITAL AND RESERVES
Called up share capital 105 105
Retained earnings 130,479 116,086
SHAREHOLDERS' FUNDS 130,584 116,191

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.

Dwyfor Coffee Company Limited (Registered number: 03081319)

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 30 August 2024 and were signed by:





Mr M J Squire - Director


Dwyfor Coffee Company Limited (Registered number: 03081319)

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

1. STATUTORY INFORMATION

Dwyfor Coffee Company Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address are as below:

Registered number: 03081319

Registered office: Parc Dwyfor
Ffordd Dewi Sant
Nefyn
Pwllheli
Gwynedd
LL53 6EG

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.

Goodwill
Goodwill, being the amounts paid in connection with the acquisitions of businesses in 2002 and 2005 , is being amortised evenly over its estimated useful life of ten 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

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

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Dwyfor Coffee Company Limited (Registered number: 03081319)

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 7 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 122,625
AMORTISATION
At 1 December 2022
and 30 November 2023 122,625
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 December 2022 95,000 148,897 313,906
Additions - - 748
Disposals - - -
At 30 November 2023 95,000 148,897 314,654
DEPRECIATION
At 1 December 2022 - - 248,428
Charge for year - - 14,421
Eliminated on disposal - - -
Reclassification/transfer - - 8,544
At 30 November 2023 - - 271,393
NET BOOK VALUE
At 30 November 2023 95,000 148,897 43,261
At 30 November 2022 95,000 148,897 65,478

Dwyfor Coffee Company Limited (Registered number: 03081319)

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

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 9,387 99,697 25,226 692,113
Additions - - 343 1,091
Disposals - (12,979 ) - (12,979 )
At 30 November 2023 9,387 86,718 25,569 680,225
DEPRECIATION
At 1 December 2022 9,349 97,277 21,228 376,282
Charge for year 9 1,714 1,085 17,229
Eliminated on disposal - (8,873 ) - (8,873 )
Reclassification/transfer - (8,544 ) - -
At 30 November 2023 9,358 81,574 22,313 384,638
NET BOOK VALUE
At 30 November 2023 29 5,144 3,256 295,587
At 30 November 2022 38 2,420 3,998 315,831

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 December 2022
and 30 November 2023 84,170
DEPRECIATION
At 1 December 2022 59,910
Charge for year 127
At 30 November 2023 60,037
NET BOOK VALUE
At 30 November 2023 24,133
At 30 November 2022 24,260

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 129,840 110,349
Other debtors 94,117 113,240
223,957 223,589

Dwyfor Coffee Company Limited (Registered number: 03081319)

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 27,084 31,488
Hire purchase contracts 10,682 17,174
Trade creditors 87,484 88,504
Taxation and social security 67,061 69,486
Other creditors 120,537 114,053
312,848 320,705

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 328,551 343,903
Hire purchase contracts 17,708 28,390
346,259 372,293

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 252,701 245,804

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
Mr M J Squire
Balance outstanding at start of year 113,241 113,661
Amounts advanced 56,143 94,258
Amounts repaid (75,267 ) (94,678 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 94,117 113,241