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REGISTERED NUMBER: 08078447 (England and Wales)














Financial Statements for the Year Ended 31 May 2023

for

Mission Coffee Works Limited

Mission Coffee Works Limited (Registered number: 08078447)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Mission Coffee Works Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mrs K Kalmu
MR J Uksik





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 08078447 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Mission Coffee Works Limited (Registered number: 08078447)

Statement of Financial Position
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 116,633 67,436

CURRENT ASSETS
Inventories 60,887 102,500
Debtors 5 121,383 127,581
Cash at bank and in hand 19,775 26,290
202,045 256,371
CREDITORS
Amounts falling due within one year 6 157,706 132,066
NET CURRENT ASSETS 44,339 124,305
TOTAL ASSETS LESS CURRENT LIABILITIES 160,972 191,741

CREDITORS
Amounts falling due after more than one year 7 86,118 134,800
NET ASSETS 74,854 56,941

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 8 16,947 -
Retained earnings 57,905 56,939
74,854 56,941

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

Mission Coffee Works Limited (Registered number: 08078447)

Statement of Financial Position - continued
31 May 2023


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 23 October 2024 and were signed on its behalf by:





Mrs K Kalmu - Director


Mission Coffee Works Limited (Registered number: 08078447)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Mission Coffee Works 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.

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 as modified by the revaluation of certain assets.

Turnover
Revenue 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Inventories 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 statement of financial position date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Mission Coffee Works Limited (Registered number: 08078447)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 June 2022 128,145 10,000 - 138,145
Additions 45,223 - 765 45,988
Disposals (1,880 ) - - (1,880 )
Revaluations 16,947 - - 16,947
At 31 May 2023 188,435 10,000 765 199,200
DEPRECIATION
At 1 June 2022 66,334 4,375 - 70,709
Charge for year 10,543 1,406 191 12,140
Eliminated on disposal (282 ) - - (282 )
At 31 May 2023 76,595 5,781 191 82,567
NET BOOK VALUE
At 31 May 2023 111,840 4,219 574 116,633
At 31 May 2022 61,811 5,625 - 67,436

Cost or valuation at 31 May 2023 is represented by:

Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost 188,435 10,000 765 199,200

Mission Coffee Works Limited (Registered number: 08078447)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST OR VALUATION
At 1 June 2022 15,099
Revaluations 2,495
At 31 May 2023 17,594
DEPRECIATION
At 1 June 2022 2,265
Charge for year 1,283
At 31 May 2023 3,548
NET BOOK VALUE
At 31 May 2023 14,046
At 31 May 2022 12,834

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 59,078 76,954
Amounts owed by group undertakings - 15,000
Other debtors 62,305 35,627
121,383 127,581

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 33,517 34,193
Hire purchase contracts 3,201 3,201
Trade creditors 67,604 67,274
Amounts owed to group undertakings 18,698 698
Taxation and social security 8,205 20,844
Other creditors 26,481 5,856
157,706 132,066

Mission Coffee Works Limited (Registered number: 08078447)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans 78,097 113,959
Hire purchase contracts 8,021 11,222
Other creditors - 9,619
86,118 134,800

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,557 22,728

8. RESERVES
Fair
value
reserve
£   
Revaluation reserve 16,947

At 31 May 2023 16,947

9. RELATED PARTY DISCLOSURES

The Directors Miss K Kalmu and Mr. J Üksik are considered to be the key management personnel.