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REGISTERED NUMBER: 04450969 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST DECEMBER 2023

FOR

THE COFFEE CART COMPANY LIMITED

THE COFFEE CART COMPANY LIMITED (REGISTERED NUMBER: 04450969)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


THE COFFEE CART COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







Director: J W Gardner





Secretary: Mrs D Gardner





Registered office: 10 Kyrle Street
Hereford
HR1 2ET





Registered number: 04450969 (England and Wales)

THE COFFEE CART COMPANY LIMITED (REGISTERED NUMBER: 04450969)

BALANCE SHEET
31ST DECEMBER 2023

31.12.23 31.12.22
Notes £ £ £ £
Fixed assets
Tangible assets 4 267,014 312,501

Current assets
Stocks 5 41,015 72,480
Debtors 6 151,987 68,020
Cash at bank and in hand 246,576 286,166
439,578 426,666
Creditors
Amounts falling due within one year 7 286,810 319,174
Net current assets 152,768 107,492
Total assets less current liabilities 419,782 419,993

Creditors
Amounts falling due after more than one
year

8

(47,183

)

(50,518

)

Provisions for liabilities 11 (62,100 ) (73,000 )
Net assets 310,499 296,475

Capital and reserves
Called up share capital 12 100 100
Retained earnings 310,399 296,375
Shareholders' funds 310,499 296,475

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 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.

THE COFFEE CART COMPANY LIMITED (REGISTERED NUMBER: 04450969)

BALANCE SHEET - continued
31ST DECEMBER 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 director and authorised for issue on 25th September 2024 and were signed by:





J W Gardner - Director


THE COFFEE CART COMPANY LIMITED (REGISTERED NUMBER: 04450969)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. Statutory information

The Coffee Cart 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
The turnover, all of which arises in the UK, represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Tangible fixed assets are stated in the Balance Sheet at cost less depreciation.

Depreciation is provided at the following rates on the straight line method in order to write off each asset over its estimated useful life:

Leasehold improvements5% on cost
Plant & equipment5%-25% on cost
Motor vehicles20% on cost


Stock
Stock has been valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow mowing items.

THE COFFEE CART COMPANY LIMITED (REGISTERED NUMBER: 04450969)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


2. Accounting policies - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are measured at transaction price less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at the cost less impairment.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the assets original effective interest rate. The impairment loss is recognised in profit or loss.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all of the risks and rewards of the ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducing all of its liabilities.

THE COFFEE CART COMPANY LIMITED (REGISTERED NUMBER: 04450969)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


2. Accounting policies - continued
Basic financial liabilities, including trade and other payables are measured at the transaction price. Other financial liabilities, including bank loans, loans from fellow group companies and preference shares that are classified as debt, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Other financial liabilities
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Derecognition of financial liabilities
Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

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
Assets held under hire purchase contracts are capitalised as tangible fixed assets and depreciated over the useful lives of the assets. The capital elements of future obligations are recorded as liabilities, whilst the interest elements are charged to the profit and loss account over the period of the contracts on a straight line basis.

Operating leases
The cost of operating leases is charged to the profit and loss account on a straight line basis over the lease term.

THE COFFEE CART COMPANY LIMITED (REGISTERED NUMBER: 04450969)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


2. Accounting policies - continued

Pension costs & 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 (including officers)

The average number of employees during the year was 44 (2022 - 48 ) .

4. Tangible fixed assets
Leasehold Plant & Motor
improvements equipment vehicles Totals
£ £ £ £
Cost
At 1st January 2023 60,836 479,662 138,983 679,481
Additions - 27,931 53,738 81,669
Disposals - (49,870 ) - (49,870 )
At 31st December 2023 60,836 457,723 192,721 711,280
Depreciation
At 1st January 2023 24,211 221,882 120,887 366,980
Charge for year 3,043 103,069 21,044 127,156
Eliminated on disposal - (49,870 ) - (49,870 )
At 31st December 2023 27,254 275,081 141,931 444,266
Net book value
At 31st December 2023 33,582 182,642 50,790 267,014
At 31st December 2022 36,625 257,780 18,096 312,501

The net book value of tangible fixed assets includes £ 37,626 (2022 - £ 11,700 ) in respect of assets held under hire purchase contracts.

5. Stocks
31.12.23 31.12.22
£ £
Stocks 41,015 72,480

THE COFFEE CART COMPANY LIMITED (REGISTERED NUMBER: 04450969)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


6. Debtors: amounts falling due within one year
31.12.23 31.12.22
£ £
Trade debtors 8,478 3,166
Amounts owed by group undertakings 105,293 -
Other debtors 9,600 18,912
S455 tax 10,667 10,667
Corporation tax - 23,219
Prepayments 17,949 12,056
151,987 68,020

7. Creditors: amounts falling due within one year
31.12.23 31.12.22
£ £
Bank loans & overdrafts 18,182 18,182
Hire purchase contracts (see note 9) 8,089 8,750
Trade creditors 64,542 126,997
Amounts owed to group undertakings - 99
Corporation tax 15,400 -
Social security & other tax 80,244 70,760
Other creditors 51,912 51,717
Accruals & deferred income 48,441 42,669
286,810 319,174

8. Creditors: amounts falling due after more than one year
31.12.23 31.12.22
£ £
Bank loans - two to five years 24,242 42,424
Hire purchase contracts (see note 9) 22,941 8,094
47,183 50,518

THE COFFEE CART COMPANY LIMITED (REGISTERED NUMBER: 04450969)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


9. Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.23 31.12.22
£ £
Net obligations repayable:
Within one year 8,089 8,750
Between one and five years 22,941 8,094
31,030 16,844

Non-cancellable
operating leases
31.12.23 31.12.22
£ £
Within one year 63,820 69,848
Between one and five years 204,963 221,262
268,783 291,110

10. Secured debts

The following secured debts are included within creditors:

31.12.23 31.12.22
£ £
Bank loans 42,424 60,606

The bank loan is secured by a fixed and floating charge over the assets of the company.

11. Provisions for liabilities
31.12.23 31.12.22
£ £
Deferred tax 62,100 73,000

Deferred tax
£
Balance at 1st January 2023 73,000
Utilised during year (10,900 )
Balance at 31st December 2023 62,100

THE COFFEE CART COMPANY LIMITED (REGISTERED NUMBER: 04450969)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


12. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £ £
100 Ordinary shares £1 100 100

13. Contingent liabilities

There were no contingent liabilities at 31st December 2023.

14. Ultimate controlling party

The company is a wholly owned subsidiary of The Coffee Cart Holdings Limited.
Company registration number: 14112413
Company registered office address: 10 Kyrle Street, Hereford, HR1 2ET