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REGISTERED NUMBER: 05407428 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st December 2023

for

MOZZO COFFEE LIMITED

MOZZO COFFEE LIMITED (REGISTERED NUMBER: 05407428)






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


MOZZO COFFEE LIMITED

Company Information
for the Year Ended 31st December 2023







DIRECTORS: G Lang
Miss D R Da Silva Faustino





REGISTERED OFFICE: 89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ





REGISTERED NUMBER: 05407428 (England and Wales)





ACCOUNTANTS: Graham Martin & Co
Accountants
89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ

MOZZO COFFEE LIMITED (REGISTERED NUMBER: 05407428)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 239,676 187,356
Tangible assets 5 1,096,657 1,074,505
Investments 6 101 101
1,336,434 1,261,962

CURRENT ASSETS
Stocks 68,453 49,530
Debtors 7 635,076 664,975
Cash at bank 151,097 113,559
854,626 828,064
CREDITORS
Amounts falling due within one year 8 1,318,837 1,127,185
NET CURRENT LIABILITIES (464,211 ) (299,121 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

872,223

962,841

CREDITORS
Amounts falling due after more than one
year

9

(266,395

)

(396,637

)

PROVISIONS FOR LIABILITIES (274,129 ) (268,560 )
NET ASSETS 331,699 297,644

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 93,900 93,900
Retained earnings 236,799 202,744
SHAREHOLDERS' FUNDS 331,699 297,644

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 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.

MOZZO COFFEE LIMITED (REGISTERED NUMBER: 05407428)

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 Board of Directors and authorised for issue on 19th September 2024 and were signed on its behalf by:





G Lang - Director


MOZZO COFFEE LIMITED (REGISTERED NUMBER: 05407428)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Mozzo 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.

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 2011, is being amortised evenly over its estimated useful life of twenty 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.

Patents & trademarks are being amortised evenly over their estimated useful life of five years.

Branding costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 10% on cost
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance, 8% on cost and Straight line

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

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.


MOZZO COFFEE LIMITED (REGISTERED NUMBER: 05407428)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 19 (2022 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1st January 2023 165,693 170,758 336,451
Additions - 96,255 96,255
At 31st December 2023 165,693 267,013 432,706
AMORTISATION
At 1st January 2023 97,395 51,700 149,095
Charge for year 8,280 35,655 43,935
At 31st December 2023 105,675 87,355 193,030
NET BOOK VALUE
At 31st December 2023 60,018 179,658 239,676
At 31st December 2022 68,298 119,058 187,356

MOZZO COFFEE LIMITED (REGISTERED NUMBER: 05407428)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st January 2023 72,272 2,391,550 2,463,822
Additions - 146,869 146,869
Disposals - (2,568 ) (2,568 )
At 31st December 2023 72,272 2,535,851 2,608,123
DEPRECIATION
At 1st January 2023 65,325 1,323,992 1,389,317
Charge for year 2,198 122,023 124,221
Eliminated on disposal - (2,072 ) (2,072 )
At 31st December 2023 67,523 1,443,943 1,511,466
NET BOOK VALUE
At 31st December 2023 4,749 1,091,908 1,096,657
At 31st December 2022 6,947 1,067,558 1,074,505

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st January 2023
and 31st December 2023 312,254
DEPRECIATION
At 1st January 2023 24,631
Charge for year 18,556
At 31st December 2023 43,187
NET BOOK VALUE
At 31st December 2023 269,067
At 31st December 2022 287,623

MOZZO COFFEE LIMITED (REGISTERED NUMBER: 05407428)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st January 2023
and 31st December 2023 101
NET BOOK VALUE
At 31st December 2023 101
At 31st December 2022 101

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 616,649 544,443
Amounts owed by group undertakings - 7,277
Other debtors 18,427 113,255
635,076 664,975

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 100,000 100,006
Hire purchase contracts 104,419 74,709
Trade creditors 572,803 454,134
Amounts owed to participating interests 228,144 225,813
Taxation and social security 141,442 105,723
Other creditors 172,029 166,800
1,318,837 1,127,185

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 133,333 233,333
Hire purchase contracts 133,062 163,304
266,395 396,637

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 233,333 333,339

The bank hold a debenture dated 19th July 2012 and legal charges dated 29th April 2022 and 24th January 2023.

MOZZO COFFEE LIMITED (REGISTERED NUMBER: 05407428)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

11. RELATED PARTY DISCLOSURES

At 31st December 2023 the company owed £228,144 (2022: £225,813) to Mozzo World Ltd, a company in which Mr G Lang is director and controlling shareholder.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G Lang.