IRIS Accounts Production v24.1.4.33 03419730 Board of Directors 1.3.23 29.2.24 29.2.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh034197302023-02-28034197302024-02-29034197302023-03-012024-02-29034197302022-02-28034197302022-03-012023-02-28034197302023-02-2803419730ns15:EnglandWales2023-03-012024-02-2903419730ns14:PoundSterling2023-03-012024-02-2903419730ns10:Director12023-03-012024-02-2903419730ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2903419730ns10:SmallEntities2023-03-012024-02-2903419730ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2903419730ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2903419730ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2903419730ns10:FullAccounts2023-03-012024-02-2903419730ns10:Director22023-03-012024-02-2903419730ns10:RegisteredOffice2023-03-012024-02-2903419730ns5:CurrentFinancialInstruments2024-02-2903419730ns5:CurrentFinancialInstruments2023-02-2803419730ns5:Non-currentFinancialInstruments2024-02-2903419730ns5:Non-currentFinancialInstruments2023-02-2803419730ns5:ShareCapital2024-02-2903419730ns5:ShareCapital2023-02-2803419730ns5:RetainedEarningsAccumulatedLosses2024-02-2903419730ns5:RetainedEarningsAccumulatedLosses2023-02-2803419730ns5:ShortLeaseholdAssetsns5:LandBuildings2023-03-012024-02-2903419730ns5:PlantMachinery2023-03-012024-02-2903419730ns5:FurnitureFittings2023-03-012024-02-2903419730ns5:ComputerEquipment2023-03-012024-02-2903419730ns5:ShortLeaseholdAssetsns5:LandBuildings2023-02-2803419730ns5:PlantMachinery2023-02-2803419730ns5:FurnitureFittings2023-02-2803419730ns5:ComputerEquipment2023-02-2803419730ns5:ShortLeaseholdAssetsns5:LandBuildings2024-02-2903419730ns5:PlantMachinery2024-02-2903419730ns5:FurnitureFittings2024-02-2903419730ns5:ComputerEquipment2024-02-2903419730ns5:ShortLeaseholdAssetsns5:LandBuildings2023-02-2803419730ns5:PlantMachinery2023-02-2803419730ns5:FurnitureFittings2023-02-2803419730ns5:ComputerEquipment2023-02-2803419730ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2903419730ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2803419730ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-02-2903419730ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-02-2803419730ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-02-2903419730ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-02-28
REGISTERED NUMBER: 03419730 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

PEABODYS COFFEE LIMITED

PEABODYS COFFEE LIMITED (REGISTERED NUMBER: 03419730)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PEABODYS COFFEE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Mr L Murphy
Mrs C Mascino





REGISTERED OFFICE: 81 Dunstable Street
Ampthill
Bedford
MK45 2NQ





REGISTERED NUMBER: 03419730 (England and Wales)





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY

PEABODYS COFFEE LIMITED (REGISTERED NUMBER: 03419730)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 469,903 278,148

CURRENT ASSETS
Stocks 5 25,926 16,841
Debtors 6 298,949 299,373
Cash at bank and in hand 454,606 156,149
779,481 472,363
CREDITORS
Amounts falling due within one year 7 1,114,156 651,149
NET CURRENT LIABILITIES (334,675 ) (178,786 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

135,228

99,362

CREDITORS
Amounts falling due after more than one year 8 70,717 94,978
NET ASSETS 64,511 4,384

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 64,411 4,284
SHAREHOLDERS' FUNDS 64,511 4,384

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 18 September 2024 and were signed on its behalf by:





Mrs C Mascino - Director


PEABODYS COFFEE LIMITED (REGISTERED NUMBER: 03419730)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Peabodys Coffee 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Short leasehold - 10% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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

Financial instruments
Financial assets and liabilities are recognized in the company's balance sheet when the company becomes a party to the contractual provisions of the instrument.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2023 - 26 ) .

PEABODYS COFFEE LIMITED (REGISTERED NUMBER: 03419730)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 700,913 144,159 163,108 10,796 1,018,976
Additions 194,472 34,914 30,861 - 260,247
At 29 February 2024 895,385 179,073 193,969 10,796 1,279,223
DEPRECIATION
At 1 March 2023 436,233 134,445 159,354 10,796 740,828
Charge for year 54,277 8,448 5,767 - 68,492
At 29 February 2024 490,510 142,893 165,121 10,796 809,320
NET BOOK VALUE
At 29 February 2024 404,875 36,180 28,848 - 469,903
At 28 February 2023 264,680 9,714 3,754 - 278,148

5. STOCKS
29.2.24 28.2.23
£    £   
Finished goods 25,926 16,841

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 4,242 2,972
Other debtors 186,505 101,068
Director's current account 100,944 189,988
Prepayments 7,258 5,345
298,949 299,373

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts (see note 9) 20,974 20,933
Other loans (see note 9) - 23,952
Trade creditors 583,348 266,324
Corporation Tax payable 97,038 79,808
Social security and other taxes 21,956 33,620
VAT 117,205 56,525
Other creditors 20,398 2,696
Net wages payable 2,965 7,017
Accrued expenses 250,272 160,274
1,114,156 651,149

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans (see note 9) 70,717 94,978

PEABODYS COFFEE LIMITED (REGISTERED NUMBER: 03419730)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
29.2.24 28.2.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank Loans due after more than
5 years 37,277 32,269
37,277 32,269

9. LOANS

An analysis of the maturity of loans is given below:

29.2.24 28.2.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 20,974 20,933
Other loans - 23,952
20,974 44,885

Amounts falling due between one and two years:
Bank loans - 1-2 years 20,974 20,934

Amounts falling due between two and five years:
Bank loans - 2-5 years 12,466 41,775

Amounts falling due in more than five years:

Repayable by instalments
Bank Loans due after more than
5 years 37,277 32,269
37,277 32,269

10. RELATED PARTY DISCLOSURES

Included within other debtors due within one year is an advance to Beachmeade Limited, a company controlled by the directors, amounting to £31,582 (2023: £31,432). The loan is repayable on demand and is interest free.

Peabodys Coffee Limited granted short term interest free loan to Patriot Works Limited. As at year end date Patriot Works Limited owed £25,076 (2023: £34,698) to Peabodys Coffee Limited. Patriot Works Limited and Peabodys Coffee Limited are connected by virtue of having common director. The loan was fully repaid post year end on 6 September 2024.

Included within debtors due within one year is a current account balance with the directors, amounting to £100,944 (2023: £189,988), the loan bears interest at HMRC's official rate of 2.25%. The loan was fully repaid post year end on 6 September 2024.