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REGISTERED NUMBER: 01711121 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

CARDEW & CO. (OXFORD) LIMITED

CARDEW & CO. (OXFORD) LIMITED (REGISTERED NUMBER: 01711121)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CARDEW & CO. (OXFORD) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mr J Durkin
Mr J E Durkin
Mrs S E Durkin





SECRETARY: Mr J Durkin





REGISTERED OFFICE: Kingsgate House
Newbury Road
Andover
Hampshire
SP10 4DU





BUSINESS ADDRESS: Unit 6 Isis Court
Wyndyke Furlong
Abingdon Business Park
Abingdon
Oxfordshire
OX14 1DZ





REGISTERED NUMBER: 01711121 (England and Wales)






CARDEW & CO. (OXFORD) LIMITED (REGISTERED NUMBER: 01711121)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 7,863 15,155

CURRENT ASSETS
Stocks 6 155,933 167,756
Debtors 7 29,806 19,898
Cash at bank and in hand 121,235 109,380
306,974 297,034
CREDITORS
Amounts falling due within one year 8 51,249 64,691
NET CURRENT ASSETS 255,725 232,343
TOTAL ASSETS LESS CURRENT
LIABILITIES

263,588

247,498

CREDITORS
Amounts falling due after more than one
year

9

12,234

22,438
NET ASSETS 251,354 225,060

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 251,254 224,960
SHAREHOLDERS' FUNDS 251,354 225,060

CARDEW & CO. (OXFORD) LIMITED (REGISTERED NUMBER: 01711121)

BALANCE SHEET - continued
31ST MARCH 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

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

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 23rd September 2024 and were signed on its behalf by:




Mr J Durkin - Director



Mrs S E Durkin - Director


CARDEW & CO. (OXFORD) LIMITED (REGISTERED NUMBER: 01711121)

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


1. STATUTORY INFORMATION

Cardew & Co. (Oxford) Limited 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the sale of coffee and related supplies, excluding value added tax. Turnover is recognised when the goods are physically delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to leasehold premises - 20% straight line
Plant and machinery - 25% straight line
Fixtures and fittings - 20% straight line
Motor vehicles - 25% straight line
Computer equipment - 33% straight line

All fixed assets are initially recorded at cost.

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is ascertained on a FIFO basis from invoiced amounts charged by suppliers. Net realisable value is assured by the review of post balance sheet selling prices.

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.

Taxation
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

CARDEW & CO. (OXFORD) LIMITED (REGISTERED NUMBER: 01711121)

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


3. ACCOUNTING POLICIES - continued

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
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Grants
Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Grants relating to operating expenses are recognised through the income statement as the expenses are incurred to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

5. TANGIBLE FIXED ASSETS
Improvements
to Fixtures
leasehold Plant and and
premises machinery fittings
£    £    £   
COST
At 1st April 2023 5,828 59,510 25,343
Additions - - -
Disposals - (3,394 ) (5,706 )
At 31st March 2024 5,828 56,116 19,637
DEPRECIATION
At 1st April 2023 4,566 49,167 24,994
Charge for year 1,166 5,683 235
Eliminated on disposal - (3,393 ) (5,706 )
At 31st March 2024 5,732 51,457 19,523
NET BOOK VALUE
At 31st March 2024 96 4,659 114
At 31st March 2023 1,262 10,343 349

CARDEW & CO. (OXFORD) LIMITED (REGISTERED NUMBER: 01711121)

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


5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st April 2023 13,995 5,498 110,174
Additions - 1,298 1,298
Disposals - (825 ) (9,925 )
At 31st March 2024 13,995 5,971 101,547
DEPRECIATION
At 1st April 2023 13,994 2,298 95,019
Charge for year - 1,505 8,589
Eliminated on disposal - (825 ) (9,924 )
At 31st March 2024 13,994 2,978 93,684
NET BOOK VALUE
At 31st March 2024 1 2,993 7,863
At 31st March 2023 1 3,200 15,155

6. STOCKS
2024 2023
£    £   
Packing materials 3,419 4,269
Goods purchased for resale 152,514 163,487
155,933 167,756

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,898 11,614
Other debtors 14,908 8,284
29,806 19,898

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,204 9,950
Trade creditors 9,562 28,839
Amounts owed to group undertakings - 3,000
Taxation and social security 16,822 7,980
Other creditors 14,661 14,922
51,249 64,691

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 12,234 22,438

CARDEW & CO. (OXFORD) LIMITED (REGISTERED NUMBER: 01711121)

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


10. CALLED UP SHARE CAPITAL

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

11. OTHER FINANCIAL COMMITMENTS

Total future financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £152,892 (2023: £201,721).

This amount is in relation to operating lease commitments which are payable over the next 4 years (2023:5 years).

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group companies where any subsidiary that is a party to the transaction is wholly owned within the group or where transactions have been undertaken under normal market conditions.