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Company No: 14402432 (England and Wales)

PERFECTLY IMPERFECT COFFEE LIMITED

Annual Report and Unaudited Financial Statements
For the financial period from 06 October 2022 to 31 December 2023

PERFECTLY IMPERFECT COFFEE LIMITED

Annual Report and Unaudited Financial Statements

For the financial period from 06 October 2022 to 31 December 2023

Contents

PERFECTLY IMPERFECT COFFEE LIMITED

COMPANY INFORMATION

For the financial period from 06 October 2022 to 31 December 2023
PERFECTLY IMPERFECT COFFEE LIMITED

COMPANY INFORMATION (continued)

For the financial period from 06 October 2022 to 31 December 2023
DIRECTORS Mr Dhruv Neeraj Kochhar (Appointed 06 October 2022)
Miss Yisha Mehra (Appointed 23 May 2023)
REGISTERED OFFICE Adanac Drive Unit E3 & E4
Southampton
United Kingdom
SO16 0BT
Southampton
United Kingdom
COMPANY NUMBER 14402432 (England and Wales)
CHARTERED ACCOUNTANTS Lince Salisbury (UK) Ltd
16-20 South street centre
Hythe
Southampton
SO45 6EB
United Kingdom
PERFECTLY IMPERFECT COFFEE LIMITED

DIRECTORS' REPORT

For the financial period from 06 October 2022 to 31 December 2023
PERFECTLY IMPERFECT COFFEE LIMITED

DIRECTORS' REPORT (continued)

For the financial period from 06 October 2022 to 31 December 2023

The directors present their annual report and the unaudited financial statements of the Company for the financial period ended 31 December 2023.

PRINCIPAL ACTIVITIES

The principle activity of the Company during the Financial period was wholesale of coffee, tea, cocoa and spices

GOING CONCERN

The directors' have prepared the financial statements on the going concern basis. Further details are provided in the notes to the financial statements.

DIRECTORS

The directors, who served during the financial period and to the date of this report except as noted, were as follows:

Mr Dhruv Neeraj Kochhar (Appointed 06 October 2022)
Miss Yisha Mehra (Appointed 23 May 2023)

This Directors' Report has been prepared in accordance with the provisions applicable to companies entitled to the small companies' exemption provided by section 415A of the Companies Act 2006.



Approved by the Board of Directors and signed on its behalf by:

Mr Dhruv Neeraj Kochhar
Director

04 October 2024

PERFECTLY IMPERFECT COFFEE LIMITED

DIRECTORS' RESPONSIBILITIES STATEMENT

For the financial period from 06 October 2022 to 31 December 2023
PERFECTLY IMPERFECT COFFEE LIMITED

DIRECTORS' RESPONSIBILITIES STATEMENT (continued)

For the financial period from 06 October 2022 to 31 December 2023

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial period. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that financial period.

In preparing these financial statements, the directors are required to:
* Select suitable accounting policies and then apply them consistently;
* Make judgements and accounting estimates that are reasonable and prudent; and
* Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PERFECTLY IMPERFECT COFFEE LIMITED

For the financial period from 06 October 2022 to 31 December 2023

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PERFECTLY IMPERFECT COFFEE LIMITED (continued)

For the financial period from 06 October 2022 to 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Perfectly Imperfect Coffee Limited for the financial period ended 31 December 2023 which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes 1 to 10 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

It is your duty to ensure that Perfectly Imperfect Coffee Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Perfectly Imperfect Coffee Limited. You consider that Perfectly Imperfect Coffee Limited is exempt from the statutory audit requirement for the financial period.

We have not been instructed to carry out an audit or a review of the financial statements of Perfectly Imperfect Coffee Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Board of Directors of Perfectly Imperfect Coffee Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Perfectly Imperfect Coffee Limited and state those matters that we have agreed to state to the Board of Directors of Perfectly Imperfect Coffee Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Perfectly Imperfect Coffee Limited and its Board of Directors as a body for our work or for this report.

Lince Salisbury (UK) Ltd
Chartered Accountants

16-20 South street centre
Hythe
Southampton
SO45 6EB
United Kingdom

04 October 2024

PERFECTLY IMPERFECT COFFEE LIMITED

PROFIT AND LOSS ACCOUNT

For the financial period from 06 October 2022 to 31 December 2023
PERFECTLY IMPERFECT COFFEE LIMITED

PROFIT AND LOSS ACCOUNT (continued)

For the financial period from 06 October 2022 to 31 December 2023
Period from
06.10.2022 to
31.12.2023
£
Turnover 7,816
Cost of sales ( 5,043)
Gross profit 2,773
Administrative expenses ( 66,559)
Operating loss and loss before taxation ( 63,786)
Tax on loss 0
Loss for the financial period ( 63,786)
PERFECTLY IMPERFECT COFFEE LIMITED

BALANCE SHEET

As at 31 December 2023
PERFECTLY IMPERFECT COFFEE LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 31.12.2023
£
Fixed assets
Tangible assets 3 787
787
Current assets
Debtors 4 6,692
Cash at bank and in hand 5 4,582
11,274
Creditors: amounts falling due within one year 6 ( 75,846)
Net current liabilities (64,572)
Total assets less current liabilities (63,785)
Net liabilities ( 63,785)
Capital and reserves
Called-up share capital 7, 8 1
Profit and loss account 8 ( 63,786 )
Total shareholder's deficit ( 63,785)

For the financial period ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Perfectly Imperfect Coffee Limited (registered number: 14402432) were approved and authorised for issue by the Board of Directors on 04 October 2024. They were signed on its behalf by:

Mr Dhruv Neeraj Kochhar
Director
PERFECTLY IMPERFECT COFFEE LIMITED

STATEMENT OF CHANGES IN EQUITY

For the financial period from 06 October 2022 to 31 December 2023
PERFECTLY IMPERFECT COFFEE LIMITED

STATEMENT OF CHANGES IN EQUITY (continued)

For the financial period from 06 October 2022 to 31 December 2023
Called-up share capital Profit and loss account Total
£ £ £
At 06 October 2022 0 0 0
Loss for the financial period 0 ( 63,786) ( 63,786)
Total comprehensive loss 0 ( 63,786) ( 63,786)
Issue of share capital 1 0 1
At 31 December 2023 1 ( 63,786) ( 63,785)
PERFECTLY IMPERFECT COFFEE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 06 October 2022 to 31 December 2023
PERFECTLY IMPERFECT COFFEE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 06 October 2022 to 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Perfectly Imperfect Coffee Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Adanac Drive Unit E3 & E4, Southampton, United Kingdom, SO16 0BT, Southampton, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £63,785. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2. Employees

Period from
06.10.2022 to
31.12.2023
Number
Monthly average number of persons employed by the Company during the period, including directors 1

3. Tangible assets

Office equipment Total
£ £
Cost
At 06 October 2022 0 0
Additions 814 814
At 31 December 2023 814 814
Accumulated depreciation
At 06 October 2022 0 0
Charge for the financial period 27 27
At 31 December 2023 27 27
Net book value
At 31 December 2023 787 787

4. Debtors

31.12.2023
£
Trade debtors 198
Other debtors 6,494
6,692

5. Cash and cash equivalents

31.12.2023
£
Cash at bank and in hand 4,582

6. Creditors: amounts falling due within one year

31.12.2023
£
Trade creditors 31,966
Other creditors 43,880
75,846

7. Called-up share capital

31.12.2023
£
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1

8. Changes in equity

Called-up share capital Profit and loss account
£ £
At 06 October 2022 0 0
Loss for the financial period 0 ( 63,786)
Total comprehensive loss 0 ( 63,786)
Issue of share capital 1 0
At 31 December 2023 1 ( 63,786)

9. Off Balance Sheet arrangements

10. Events after the Balance Sheet date

There have been no events after the balance sheet date affecting the Company since the financial period.

PERFECTLY IMPERFECT COFFEE LIMITED

DETAILED PROFIT AND LOSS ACCOUNT

For the financial period from 06 October 2022 to 31 December 2023
PERFECTLY IMPERFECT COFFEE LIMITED

DETAILED PROFIT AND LOSS ACCOUNT (continued)

For the financial period from 06 October 2022 to 31 December 2023
Period from
06.10.2022 to
31.12.2023
£
Turnover
Sales 7,816
Cost of sales
Direct costs ( 5,043)
Gross profit 2,773
Gross profit percentage 35.48%
Administrative expenses
Wages and salaries ( 28,032)
Pensions ( 110)
Computer expenses ( 545)
Printing, postage and stationery ( 1,663)
Bank charges ( 103)
Subscriptions ( 913)
Depreciation ( 27)
Loss on foreign exchange transactions ( 6)
Accountancy fees ( 2,200)
Advertising and PR ( 32,940)
Sundry expenses ( 20)
(66,559)
Operating loss and loss before taxation ( 63,786)