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REGISTERED NUMBER: 12520128 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

COFFEE UNITED (PETERLEE) LTD

COFFEE UNITED (PETERLEE) LTD (REGISTERED NUMBER: 12520128)






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


COFFEE UNITED (PETERLEE) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: R J Stainsby
G Stainsby





REGISTERED OFFICE: The Oak Centre
Whinfield Drive
Aycliffe Business Park
Newton Aycliffe
County Durham
DL5 6AU





REGISTERED NUMBER: 12520128 (England and Wales)





ACCOUNTANTS: RMT Ribchesters
Accountants and Business Advisors
Finchale House
Belmont Business Park
Durham
DH1 1TW

COFFEE UNITED (PETERLEE) LTD (REGISTERED NUMBER: 12520128)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,950 77,869

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 5 18,665 -
Cash at bank and in hand 119,211 93,995
139,876 95,995
CREDITORS
Amounts falling due within one year 6 137,690 186,845
NET CURRENT ASSETS/(LIABILITIES) 2,186 (90,850 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,136

(12,981

)

CREDITORS
Amounts falling due after more than one
year

7

(12,500

)

(22,500

)

PROVISIONS FOR LIABILITIES (14,488 ) -
NET ASSETS/(LIABILITIES) 33,148 (35,481 )

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 33,146 (35,483 )
SHAREHOLDERS' FUNDS 33,148 (35,481 )

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.

COFFEE UNITED (PETERLEE) LTD (REGISTERED NUMBER: 12520128)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2024 and were signed on its behalf by:





R J Stainsby - Director


COFFEE UNITED (PETERLEE) LTD (REGISTERED NUMBER: 12520128)

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

1. STATUTORY INFORMATION

Coffee United (Peterlee) 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - straight line over 10 years
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% 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 Statement of Income and Retained Earnings, 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.

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 NIL (2023 - NIL).

COFFEE UNITED (PETERLEE) LTD (REGISTERED NUMBER: 12520128)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 165,695
DEPRECIATION
At 1 April 2023 87,826
Charge for year 19,919
At 31 March 2024 107,745
NET BOOK VALUE
At 31 March 2024 57,950
At 31 March 2023 77,869

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 18,665 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 34,237 75,497
Amounts owed to group undertakings 70,609 87,092
Taxation and social security 20,844 9,661
Other creditors 2,000 4,595
137,690 186,845

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 12,500 22,500

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 30,000 6,500
Between one and five years 170,000 -
200,000 6,500

COFFEE UNITED (PETERLEE) LTD (REGISTERED NUMBER: 12520128)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

10. RELATED PARTY DISCLOSURES

During the year the company received interest free loans from companies within the same group. Amounts falling due within one year and total £70,610 (2023: £87,092).

During the year the company made interest an free loan to a company within the same group, totalling £18,665 (2023: £Nil).

Included in trade creditors is an amount due to a company related by way of sharing a director. As at the balance sheet date the total amount outstanding was £30,201 (2023: £73,324).

During the year the company was recharged wages/salaries borne by companies related by way of common director amounting to £63,350 (2023: £51,403) calculated on market terms.