Company Registration No. 09564366 (England and Wales)
F & E Coffee Ltd
Unaudited accounts
for the year ended 31 December 2023
F & E Coffee Ltd
Unaudited accounts
Contents
F & E Coffee Ltd
Company Information
for the year ended 31 December 2023
Directors
Mr Richard Clark
Mr Jordan Sexton
Company Number
09564366 (England and Wales)
Registered Office
Unit 20a Park Farm Business Centre
Fornham St. Genevieve
Bury St. Edmunds
IP28 6TS
England
Accountants
Sleek Accounting Ltd
107 Kirkgate
Leeds
West Yorkshire
LS1 6DP
F & E Coffee Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
493,568
425,050
Inventories
131,699
75,907
Cash at bank and in hand
44
-
Creditors: amounts falling due within one year
(290,813)
(346,135)
Net current assets/(liabilities)
90,175
(82,283)
Total assets less current liabilities
583,743
342,767
Creditors: amounts falling due after more than one year
(679,513)
(329,264)
Net (liabilities)/assets
(95,770)
13,503
Called up share capital
225
202
Share premium
105,475
30,498
Profit and loss account
(201,470)
(17,197)
Shareholders' funds
(95,770)
13,503
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by
Mr Jordan Sexton
Director
Company Registration No. 09564366
F & E Coffee Ltd
Notes to the Accounts
for the year ended 31 December 2023
F & E Coffee Ltd is a private company, limited by shares, registered in England and Wales, registration number 09564366. The registered office is Unit 20a Park Farm Business Centre, Fornham St. Genevieve, Bury St. Edmunds, IP28 6TS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Motor vehicles
25% Reducing Balance
Computer equipment
33% Straight Line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Expenditure on research and development is written off in the year in which it is incurred.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
F & E Coffee Ltd
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
573,436
13,450
15,295
602,181
Additions
218,813
-
7,916
226,729
At 31 December 2023
792,249
13,450
23,211
828,910
At 1 January 2023
167,698
841
8,592
177,131
Charge for the year
150,205
3,152
4,854
158,211
At 31 December 2023
317,903
3,993
13,446
335,342
At 31 December 2023
474,346
9,457
9,765
493,568
At 31 December 2022
405,738
12,609
6,703
425,050
Amounts falling due within one year
Trade debtors
211,864
150,020
Accrued income and prepayments
7,859
4,252
Other debtors
6,563
33,673
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
48,722
55,508
Obligations under finance leases and hire purchase contracts
35,561
37,789
Trade creditors
152,691
48,771
Taxes and social security
46,932
55,306
Other creditors
6,907
11,260
Loans from directors
-
100,000
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
130,836
139,163
Obligations under finance leases and hire purchase contracts
36,868
70,201
Other creditors
119,900
119,900
Loans from directors
391,909
-
F & E Coffee Ltd
Notes to the Accounts
for the year ended 31 December 2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
125 Ordinary shares of £1 each
125
102
Shares issued during the period:
23 Ordinary shares of £1 each
23
9
Average number of employees
During the year the average number of employees was 8 (2022: 6).