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REGISTERED NUMBER: 10916710 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

TRADING POST COFFEE
ROASTERS (SUSSEX) LTD

TRADING POST COFFEE
ROASTERS (SUSSEX) LTD (REGISTERED NUMBER: 10916710)

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


TRADING POST COFFEE
ROASTERS (SUSSEX) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: M S Deol





REGISTERED OFFICE: The Roastery
13-14 Sydney Street
Brighton
East Sussex
BN1 4EN





REGISTERED NUMBER: 10916710 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY

TRADING POST COFFEE
ROASTERS (SUSSEX) LTD (REGISTERED NUMBER: 10916710)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,437 1,816
Tangible assets 5 1,167,818 797,933
1,169,255 799,749

CURRENT ASSETS
Stocks 35,958 20,000
Debtors 6 126,985 71,102
Cash at bank and in hand 430,734 200,450
593,677 291,552
CREDITORS
Amounts falling due within one year 7 824,040 526,588
NET CURRENT LIABILITIES (230,363 ) (235,036 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

938,892

564,713

CREDITORS
Amounts falling due after more than one
year

8

(136,952

)

-

PROVISIONS FOR LIABILITIES 11 (244,361 ) (175,357 )
NET ASSETS 557,579 389,356

CAPITAL AND RESERVES
Called up share capital 12 2 2
Retained earnings 557,577 389,354
SHAREHOLDERS' FUNDS 557,579 389,356

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 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.

TRADING POST COFFEE
ROASTERS (SUSSEX) LTD (REGISTERED NUMBER: 10916710)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 September 2024 and were signed by:





M S Deol - Director


TRADING POST COFFEE
ROASTERS (SUSSEX) LTD (REGISTERED NUMBER: 10916710)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Trading Post Coffee Roasters (Sussex) Ltd 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Revenue is recognised at the fair value of the consideration received or receivable, after deducting discounts and sales based taxes.

Revenue from the sale of food and drinks in coffee shops is recognised when served to customers.

Revenue from wholesale activities is recognised when the goods have been delivered and the invoice raised.

Revenue from online food and drink sales is recognised once the order has been fulfilled and accepted by the customer.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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 - Straight line over 30 years
Catering Plant and Machinery - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes expenditure directly attributable to making the asset capable of operating as intended by management.

TRADING POST COFFEE
ROASTERS (SUSSEX) LTD (REGISTERED NUMBER: 10916710)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value), after making allowances for obsolete and slow moving items.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

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.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other
administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at as revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 110 (2023 - 110 ) .

TRADING POST COFFEE
ROASTERS (SUSSEX) LTD (REGISTERED NUMBER: 10916710)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 April 2023
and 31 March 2024 3,790
AMORTISATION
At 1 April 2023 1,974
Amortisation for year 379
At 31 March 2024 2,353
NET BOOK VALUE
At 31 March 2024 1,437
At 31 March 2023 1,816

5. TANGIBLE FIXED ASSETS
Catering
Short Plant and Plant and
leasehold Machinery machinery
£    £    £   
COST
At 1 April 2023 5,191 447,942 43,760
Additions - 198,897 20,468
At 31 March 2024 5,191 646,839 64,228
DEPRECIATION
At 1 April 2023 1,593 89,716 26,117
Charge for year 533 47,043 10,307
At 31 March 2024 2,126 136,759 36,424
NET BOOK VALUE
At 31 March 2024 3,065 510,080 27,804
At 31 March 2023 3,598 358,226 17,643

TRADING POST COFFEE
ROASTERS (SUSSEX) LTD (REGISTERED NUMBER: 10916710)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 802,333 42,727 1,341,953
Additions 319,756 2,432 541,553
At 31 March 2024 1,122,089 45,159 1,883,506
DEPRECIATION
At 1 April 2023 409,162 17,432 544,020
Charge for year 107,169 6,616 171,668
At 31 March 2024 516,331 24,048 715,688
NET BOOK VALUE
At 31 March 2024 605,758 21,111 1,167,818
At 31 March 2023 393,171 25,295 797,933

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 55,376 39,057
Amounts owed by group undertakings 5,104 -
Amounts owed by participating interests 11,220 11,220
Other debtors 55,285 20,825
126,985 71,102

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 46,077 1,541
Trade creditors 386,665 99,066
Amounts owed to group undertakings 85,178 137,228
Taxation and social security 181,250 206,060
Other creditors 124,870 82,693
824,040 526,588

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 136,952 -

TRADING POST COFFEE
ROASTERS (SUSSEX) LTD (REGISTERED NUMBER: 10916710)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 126,000 50,000
Between one and five years 504,000 200,000
In more than five years 417,500 87,500
1,047,500 337,500

10. SECURED DEBTS

The company has registered a fixed and floating charge over all its assets in favour of HSBC Bank Plc in respect of funding provided to Trading Post Coffee Roasters Limited, the parent company. The charge is registered by way of debenture dated 17th January 2019.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 244,361 175,357

Deferred
tax
£   
Balance at 1 April 2023 175,357
Charge to Statement of Income and Retained Earnings during year 69,004
Balance at 31 March 2024 244,361

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2