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REGISTERED NUMBER: 04568347 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ADVANCED COFFEE EQUIPMENT & SUPPLIES LTD

ADVANCED COFFEE EQUIPMENT & SUPPLIES LTD (REGISTERED NUMBER: 04568347)






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


ADVANCED COFFEE EQUIPMENT & SUPPLIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr M D Hudson
Mrs S H Hudson
Mr G M Hudson





SECRETARY: Mrs S H Hudson





REGISTERED OFFICE: Unit B1 Grange Court
Barton Lane
Abingdon
Oxfordshire
OX14 3NB





REGISTERED NUMBER: 04568347 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH

ADVANCED COFFEE EQUIPMENT & SUPPLIES LTD (REGISTERED NUMBER: 04568347)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 16,867 19,120
16,867 19,120

CURRENT ASSETS
Stocks 6 23,559 22,940
Debtors 7 219,519 237,440
Cash at bank 61,562 117,034
304,640 377,414
CREDITORS
Amounts falling due within one year 8 48,991 46,599
NET CURRENT ASSETS 255,649 330,815
TOTAL ASSETS LESS CURRENT
LIABILITIES

272,516

349,935

PROVISIONS FOR LIABILITIES 9 3,049 3,443
NET ASSETS 269,467 346,492

CAPITAL AND RESERVES
Called up share capital 10 30 30
Retained earnings 269,437 346,462
SHAREHOLDERS' FUNDS 269,467 346,492

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 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.

ADVANCED COFFEE EQUIPMENT & SUPPLIES LTD (REGISTERED NUMBER: 04568347)

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 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 M D Hudson - Director Mr G M Hudson - Director




Mrs S H Hudson - Director


ADVANCED COFFEE EQUIPMENT & SUPPLIES LTD (REGISTERED NUMBER: 04568347)

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

1. STATUTORY INFORMATION

Advanced Coffee Equipment & Supplies 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.

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 2003, 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.

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

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 Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

ADVANCED COFFEE EQUIPMENT & SUPPLIES LTD (REGISTERED NUMBER: 04568347)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 54,000
AMORTISATION
At 1 April 2023
and 31 March 2024 54,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2023 135,490 3,365 138,855
Additions 399 - 399
At 31 March 2024 135,889 3,365 139,254
DEPRECIATION
At 1 April 2023 117,134 2,601 119,735
Charge for year 2,536 116 2,652
At 31 March 2024 119,670 2,717 122,387
NET BOOK VALUE
At 31 March 2024 16,219 648 16,867
At 31 March 2023 18,356 764 19,120

6. STOCKS
31.3.24 31.3.23
£    £   
Stocks 23,559 22,940

ADVANCED COFFEE EQUIPMENT & SUPPLIES LTD (REGISTERED NUMBER: 04568347)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 34,161 48,722
Loan to Advanced Watercoolers 45,118 24,037
Loan to Proper Job
Properties Limited 139,500 164,000
Prepayments 740 681
219,519 237,440

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 17,816 23,737
Tax 3,438 6,196
Social security and other taxes 4,551 4,261
VAT 4,066 3,393
Directors' current accounts 1,976 1,451
Accruals and deferred income 17,144 7,561
48,991 46,599

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax
Accelerated capital allowances 3,049 3,443

Deferred
tax
£   
Balance at 1 April 2023 3,443
Provided during year (394 )
Balance at 31 March 2024 3,049

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
10 Ordinary A £1 10 10
10 Ordinary B Non Voting £1 10 10
10 Ordinary C Non Voting £1 10 10
30 30

11. ULTIMATE CONTROLLING PARTY

The company was under the joint control of Mr M Hudson and Mrs S Hudson by virtue of their shareholding.