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REGISTERED NUMBER: 11095315 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

GOOD DAY COFFEE LTD

GOOD DAY COFFEE LTD (REGISTERED NUMBER: 11095315)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


GOOD DAY COFFEE LTD

Company Information
for the year ended 30 April 2024







DIRECTOR: S Wilder





REGISTERED OFFICE: 12 Upper Borough Walls
Bath
BA1 1RH





REGISTERED NUMBER: 11095315 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Good Day Coffee Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Good Day Coffee Ltd for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that Good Day Coffee Ltd 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 profit of Good Day Coffee Ltd. You consider that Good Day Coffee Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Good Day Coffee Ltd. 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.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


15 October 2024

GOOD DAY COFFEE LTD (REGISTERED NUMBER: 11095315)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 56,270 64,459

CURRENT ASSETS
Stocks 11,512 9,014
Debtors 5 43,337 41,119
Cash at bank and in hand 40,207 32,156
95,056 82,289
CREDITORS
Amounts falling due within one year 6 112,340 68,110
NET CURRENT (LIABILITIES)/ASSETS (17,284 ) 14,179
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,986

78,638

CREDITORS
Amounts falling due after more than one
year

7

125,601

169,851
NET LIABILITIES (86,615 ) (91,213 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (86,715 ) (91,313 )
SHAREHOLDERS' FUNDS (86,615 ) (91,213 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

GOOD DAY COFFEE LTD (REGISTERED NUMBER: 11095315)

Balance Sheet - continued
30 April 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 director and authorised for issue on 14 October 2024 and were signed by:





S Wilder - Director


GOOD DAY COFFEE LTD (REGISTERED NUMBER: 11095315)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Good Day Coffee 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.

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.

The balance sheet as at 30 April 2024 shows that the company had negative retained earnings. The financial statements have been prepared on the going concern basis on the understanding that the director will continue to financially support the company.

Critical accounting estimates and uncertainties
No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, value added tax and other sales taxes. Revenue is recognised when services are rendered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 8% over lease life
Plant & machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on 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 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.

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.

GOOD DAY COFFEE LTD (REGISTERED NUMBER: 11095315)

Notes to the Financial Statements - continued
for the year ended 30 April 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.

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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 22 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant & and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 56,128 37,677 17,724 3,337 114,866
Additions - - 1,224 466 1,690
At 30 April 2024 56,128 37,677 18,948 3,803 116,556
DEPRECIATION
At 1 May 2023 22,451 18,487 6,791 2,678 50,407
Charge for year 4,490 2,879 1,823 687 9,879
At 30 April 2024 26,941 21,366 8,614 3,365 60,286
NET BOOK VALUE
At 30 April 2024 29,187 16,311 10,334 438 56,270
At 30 April 2023 33,677 19,190 10,933 659 64,459

GOOD DAY COFFEE LTD (REGISTERED NUMBER: 11095315)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,315 2,662
Other debtors 39,022 38,457
43,337 41,119

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 47,414 32,236
Taxation and social security 26,790 8,828
Other creditors 38,136 27,046
112,340 68,110

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 125,601 169,851

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. OPERATING LEASE COMMITMENTS

At the year end, Good Day Coffee Ltd had outstanding lease commitments totalling £288,000 (2023 £56,125).