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REGISTERED NUMBER: 12021131 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

COFFEE UNITED (SKELMERSDALE) LIMITED

COFFEE UNITED (SKELMERSDALE) LIMITED (REGISTERED NUMBER: 12021131)






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


COFFEE UNITED (SKELMERSDALE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: G Stainsby
R J Stainsby





REGISTERED OFFICE: The Oak Centre
Whinfield Drive
Aycliffe Business Park
Newton Aycliffe
County Durham
DL5 6AU





REGISTERED NUMBER: 12021131 (England and Wales)





ACCOUNTANTS: RMT Ribchesters
Accountants and Business Advisors
Finchale House
Belmont Business Park
Durham
DH1 1TW

COFFEE UNITED (SKELMERSDALE) LIMITED (REGISTERED NUMBER: 12021131)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,951 43,951

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 5 12,958 1,542
Cash at bank and in hand 155,020 103,079
169,978 106,621
CREDITORS
Amounts falling due within one year 6 151,466 109,337
NET CURRENT ASSETS/(LIABILITIES) 18,512 (2,716 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,463

41,235

CREDITORS
Amounts falling due after more than one
year

7

15,631

25,000
NET ASSETS 40,832 16,235

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 40,830 16,233
SHAREHOLDERS' FUNDS 40,832 16,235

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 directors acknowledge their 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 UNITED (SKELMERSDALE) LIMITED (REGISTERED NUMBER: 12021131)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:





R J Stainsby - Director


COFFEE UNITED (SKELMERSDALE) LIMITED (REGISTERED NUMBER: 12021131)

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

1. STATUTORY INFORMATION

Coffee United (Skelmersdale) Limited 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.
Improvements to property - straight line basis over term of lease
Plant and machinery - 20% 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 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 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.

3. EMPLOYEES AND DIRECTORS

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

COFFEE UNITED (SKELMERSDALE) LIMITED (REGISTERED NUMBER: 12021131)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 59,000
DEPRECIATION
At 1 December 2022 15,049
Charge for year 6,000
At 30 November 2023 21,049
NET BOOK VALUE
At 30 November 2023 37,951
At 30 November 2022 43,951

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 11,350 -
Other debtors 1,608 1,542
12,958 1,542

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 38,380 22,473
Amounts owed to group undertakings 64,364 45,247
Taxation and social security 5,872 5,117
Other creditors 32,850 26,500
151,466 109,337

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 15,631 25,000

COFFEE UNITED (SKELMERSDALE) LIMITED (REGISTERED NUMBER: 12021131)

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

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 15,000 15,000
Between one and five years 60,000 60,000
In more than five years 23,750 38,750
98,750 113,750

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

10. RELATED PARTY DISCLOSURES

During the year an interest free loan was maintained from a company related by way of sharing a director. As at the balance sheet date the amount outstanding was £30,900 (2022: £25,000). There are no formal terms for repayment of this loan, which is included in other creditors in the balance sheet, and repayable on demand.

Included in trade creditors is an amount due to a company related by way of sharing a director. As at the balance sheet date the amount outstanding was £32,373 (2022: £13,946).

During the year the company was recharged wages/salaries borne by a company in the same group amounting to £48,074 (2022: £61,320) calculated on market terms.

During the year the company was recharged repairs borne by companies related by way of common director amounting to £8,065 (2022: £Nil) calculated on market terms.

During the year interest free loans were maintained from companies within the same group. The balance due to these companies at 30 November 2023 was £64,364 (2022: £45,247) There are no formal terms for repayment of this loan, which is included in other creditors in the balance sheet, and repayable on demand.

During the year interest free loans were made to companies within the same group. The balance due from these companies at 30 November 2023 was £11,350 (2022: £Nil). There are no formal terms for repayment of this loan, which is included in other debtors in the balance sheet, and repayable on demand.