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REGISTERED NUMBER: 07069800 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Greens Coffee & Company Limited

Greens Coffee & Company Limited (Registered number: 07069800)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Greens Coffee & Company Limited

Company Information
for the Year Ended 31 March 2024







Directors: D Copeland-Bate
D Streek





Registered office: Greens
5 High Street
Great Cambourne
Cambridgeshire
CB23 6JX





Registered number: 07069800 (England and Wales)





Accountants: Peter Reed Financial Services
Unit 8a
The Mount
High Street
Toft
Cambridgeshire
CB23 2RL

Greens Coffee & Company Limited (Registered number: 07069800)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 9,633 13,246
Tangible assets 5 2,718 2,861
12,351 16,107

Current assets
Debtors 6 5,500 6,422
Cash at bank and in hand 4,171 950
9,671 7,372
Creditors
Amounts falling due within one year 7 70,955 58,032
Net current liabilities (61,284 ) (50,660 )
Total assets less current liabilities (48,933 ) (34,553 )

Creditors
Amounts falling due after more than one
year

8

12,419

22,371
Net liabilities (61,352 ) (56,924 )

Capital and reserves
Called up share capital 4 4
Retained earnings (61,356 ) (56,928 )
(61,352 ) (56,924 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Greens Coffee & Company Limited (Registered number: 07069800)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 25 June 2024 and were signed on its behalf by:





D Streek - Director


Greens Coffee & Company Limited (Registered number: 07069800)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Greens Coffee & Company 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.

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 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.
Improvements to property - 25% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 50% on cost

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.

Greens Coffee & Company Limited (Registered number: 07069800)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 36,122
AMORTISATION
At 1 April 2023 22,876
Amortisation for year 3,613
At 31 March 2024 26,489
NET BOOK VALUE
At 31 March 2024 9,633
At 31 March 2023 13,246

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 24,156 29,146 17,276 3,899 74,477
Additions - 1,335 - - 1,335
At 31 March 2024 24,156 30,481 17,276 3,899 75,812
DEPRECIATION
At 1 April 2023 24,156 26,736 16,831 3,893 71,616
Charge for year - 1,361 111 6 1,478
At 31 March 2024 24,156 28,097 16,942 3,899 73,094
NET BOOK VALUE
At 31 March 2024 - 2,384 334 - 2,718
At 31 March 2023 - 2,410 445 6 2,861

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 5,500 6,422

Greens Coffee & Company Limited (Registered number: 07069800)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 10,000 10,000
Trade creditors 9,269 4,908
Tax - 3
Social security and other taxes 4,456 968
VAT 544 818
Directors' loan accounts 45,936 40,585
Accrued expenses 750 750
70,955 58,032

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans 12,419 22,371