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REGISTERED NUMBER: SC534157 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Caffia Coffee Group Limited

Caffia Coffee Group Limited (Registered number: SC534157)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Caffia Coffee Group Limited (Registered number: SC534157)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 27,735 45,375
Tangible assets 5 49,204 36,370
76,939 81,745

CURRENT ASSETS
Stocks 194,905 228,269
Debtors 6 154,693 151,337
Cash at bank 277,710 288,664
627,308 668,270
CREDITORS
Amounts falling due within one year 7 (215,386 ) (255,330 )
NET CURRENT ASSETS 411,922 412,940
TOTAL ASSETS LESS CURRENT
LIABILITIES

488,861

494,685

CREDITORS
Amounts falling due after more than one year 8 (331,823 ) (305,196 )

PROVISIONS FOR LIABILITIES (12,301 ) (9,128 )
NET ASSETS 144,737 180,361

CAPITAL AND RESERVES
Called up share capital 9,008 9,008
Capital redemption reserve 1,000 1,000
Retained earnings 134,729 170,353
SHAREHOLDERS' FUNDS 144,737 180,361

Caffia Coffee Group Limited (Registered number: SC534157)

Balance Sheet - continued
31 December 2023


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

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

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





Mr A P Hardwick - Director


Caffia Coffee Group Limited (Registered number: SC534157)

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

1. STATUTORY INFORMATION

Caffia Coffee Group Limited is a private company, limited by shares, domiciled in Scotland, registration number SC534157. The registered office is Lomond House, Russel Street, Falkirk, FK2 7HS.

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 represents net invoiced sales of goods and services in respect of distribution & maintenance of coffee machines, excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Caffia Coffee Group Limited (Registered number: SC534157)

Notes to the Financial Statements - continued
for the Year Ended 31 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is
determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 176,349
AMORTISATION
At 1 January 2023 130,974
Charge for year 17,640
At 31 December 2023 148,614
NET BOOK VALUE
At 31 December 2023 27,735
At 31 December 2022 45,375

Caffia Coffee Group Limited (Registered number: SC534157)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 84,808
Additions 20,081
At 31 December 2023 104,889
DEPRECIATION
At 1 January 2023 48,438
Charge for year 7,247
At 31 December 2023 55,685
NET BOOK VALUE
At 31 December 2023 49,204
At 31 December 2022 36,370

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 144,233 140,467
Other debtors 10,460 10,870
154,693 151,337

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 27,200 27,200
Trade creditors 90,144 136,658
Taxation and social security 85,339 75,406
Other creditors 12,703 16,066
215,386 255,330

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 38,533 65,733
Other creditors 293,290 239,463
331,823 305,196