Registered number
08534384
Coffee Plant Ltd
Report and Accounts
31 March 2024
Coffee Plant Ltd
Report and accounts
Contents
Page
Company information 1
Directors' report 2
Accountants' report 3
Profit and loss account 4
Balance sheet 5
Notes to the accounts 6 - 8
Coffee Plant Ltd
Company Information
Directors
Mr I Henshall
Ms J Wuttke
Accountants
Simple Accounting Limited
95 Bridge Lanes
Hebden Bridge
HX7 6AT
Registered office
14 Fallowfield Crescent
Hove
East Sussex
BN3 7NQ
Registered number
08534384
Coffee Plant Ltd
Registered number: 08534384
Directors' Report
The directors present their report and accounts for the year ended 31 March 2024.
Principal activities
The company's principal activity during the year was that of coffee roasting, wholesaling and retailing.
Directors
The following persons served as director's during the year:
Mr I Henshall
Ms J Wuttke
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 23 September 2024 and signed on its behalf.
Mr I Henshall
Director
Coffee Plant Ltd
Accountants' Report
Accountants' report to the directors of
Coffee Plant Ltd
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Coffee Plant Ltd for the year ended 31 March 2024 set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Management Accountants (CIMA), we are subject to its ethical and other professional requirements which are detailed at cima.com. This report is made solely to the Board of Directors of Coffee Plant Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Coffee Plant Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Management Accountants as detailed at cima.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Coffee Plant Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Coffee Plant Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Coffee Plant Ltd. You consider that Coffee Plant Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of Coffee Plant Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Mark R Hill BSc (Econ) Dip ACMA
Simple Accounting Limited
Chartered Management Accountants
95 Bridge Lanes
Hebden Bridge
HX7 6AT
23 September 2024
Coffee Plant Ltd
Profit and Loss Account
for the year ended 31 March 2024
2024 2023
£ £
Turnover 665,915 726,345
Cost of sales (292,098) (301,186)
Gross profit 373,817 425,159
Distribution costs (51,959) (58,961)
Administrative expenses (413,823) (409,778)
Depreciation (676) (2,313)
Amortisation (8,875) (17,750)
Other operating income: revaluation of goodwill 75,564 -
Profit on sale of shop business 20,341 -
Operating loss before taxation (5,611) (63,643)
Tax recovered on loss on ordinary activities 265 8,456
Loss for the financial year (5,346) (55,187)
Retained earnings as at 1 April 2023 73,650 128,837
Dividend - -
Retained earnings as at 31 March 2024 68,304 73,650
Coffee Plant Ltd
Registered number: 08534384
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 65,439 181,937
Tangible assets 4 1,704 13,124
67,143 195,061
Current assets
Cash at bank and in hand 50,570 28,295
Debtors 5 20,845 20,047
Stocks 6 43,599 65,902
115,014 114,244
Creditors: amounts falling due within one year 7 (22,370) (2,365)
Net current assets 92,644 111,879
Total assets less current liabilities 159,787 306,940
Creditors: amounts falling due after more than one year 8 (91,383) (233,190)
Net assets 68,404 73,750
Capital and reserves
Called up share capital 100 100
Profit and loss account 68,304 73,650
Shareholders' funds 68,404 73,750
Notes to Financial Statement
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.
Mr I Henshall
Director
Approved by the board on 23 September 2024
Coffee Plant Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and impairment losses.
Goodwill 5% SLM
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and impairment losses. Depreciation is provided on all tangible fixed assets as follows:
Leaseholds 5% SLM
Fixtures and fittings 20% RBM
We do not charge depreciation on an asset in its year of acquisition.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the average cost method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Number of persons employed by the company at year end. 4 10
Employee Costs
Wages and salaries gross 164,256 144,393
Directors' salaries - 9,362
Employer Pension 7,676 8,219
Employer's NI 41,440 45,020
213,372 206,994
3 Intangible fixed assets
Goodwill
£
Cost
At 1 April 2023 355,000
Revaluation (155,000)
Disposal (55,000)
At 31 March 2024 145,000
Amortisation
At 1 April 2023 (173,063)
Charge for the year (8,875)
Amortisation redeemed on revaluation 75,564
Amortisation written off on disposal 26,813
At 31 March 2024 (79,561)
Net book value
At 31 March 2024 181,937
At 31 March 2024 65,439
4 Tangible fixed assets
Long Leasehold Equipment and fittings Total
£ £ £
Cost
At 1 April 2023 4,862 39,944 44,805
Additions - - -
Disposals (4,862) (35,059) (39,920)
At 31 March 2024 - 4,885 4,885
Depreciation
At 1 April 2023 729 30,952 31,681
Charge for the year 243 433 676
Written off on disposal (972) (28,204) (29,176)
At 31 March 2024 - 3,181 3,181
Net book value
At 31 March 2024 - 1,704 1,704
At 31 March 2023 4,133 8,992 13,124
5 Debtors 2024 2023
£ £
Trade debtors 15,722 16,137
Rent Prepayment Warehouse 2,488 1,275
Long Term: Landlord Deposit 2,635 2,635
20,845 20,047
6 Stocks 2024 2023
£ £
Warehouse 43,599 60,755
Shop - 5,147
43,599 65,902
7 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 22,433 4,657
VAT (6,677) 3,559
Corporation tax - (8,456)
Accruals 6,614 2,605
22,370 2,365
8 Creditors: amounts falling due after one year 2024 2023
£ £
Director's loan account 91,383 233,190
91,383 233,190
9 Other information
Coffee Plant Ltd is a private company limited by shares and incorporated in England. Its registered office is:
14 Fallowfield Crescent
Hove
East Sussex
BN3 7NQ
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