Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31No description of principal activity2023-02-01false77truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12825404 2023-02-01 2024-01-31 12825404 2022-02-01 2023-01-31 12825404 2024-01-31 12825404 2023-01-31 12825404 c:Director1 2023-02-01 2024-01-31 12825404 d:OfficeEquipment 2023-02-01 2024-01-31 12825404 d:OfficeEquipment 2024-01-31 12825404 d:OfficeEquipment 2023-01-31 12825404 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12825404 d:ComputerEquipment 2023-02-01 2024-01-31 12825404 d:ComputerEquipment 2024-01-31 12825404 d:ComputerEquipment 2023-01-31 12825404 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12825404 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12825404 d:CurrentFinancialInstruments 2024-01-31 12825404 d:CurrentFinancialInstruments 2023-01-31 12825404 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 12825404 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 12825404 d:ShareCapital 2024-01-31 12825404 d:ShareCapital 2023-01-31 12825404 d:RetainedEarningsAccumulatedLosses 2024-01-31 12825404 d:RetainedEarningsAccumulatedLosses 2023-01-31 12825404 d:AcceleratedTaxDepreciationDeferredTax 2024-01-31 12825404 d:AcceleratedTaxDepreciationDeferredTax 2023-01-31 12825404 c:FRS102 2023-02-01 2024-01-31 12825404 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 12825404 c:FullAccounts 2023-02-01 2024-01-31 12825404 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12825404 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number:  12825404














DAILY DOSE COFFEE LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


 
DAILY DOSE COFFEE LIMITED
REGISTERED NUMBER: 12825404

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
17,069
15,882

  
17,069
15,882

Current assets
  

Stocks
 5 
1,550
6,123

Debtors: amounts falling due within one year
 6 
970
-

Cash at bank and in hand
 7 
30,235
28,907

  
32,755
35,030

Creditors: amounts falling due within one year
 8 
(35,689)
(19,384)

Net current (liabilities)/assets
  
 
 
(2,934)
 
 
15,646

Total assets less current liabilities
  
14,135
31,528

Provisions for liabilities
  

Deferred tax
 9 
(4,267)
(3,971)

  
 
 
(4,267)
 
 
(3,971)

Net assets
  
9,868
27,557


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
9,768
27,457

  
9,868
27,557


Page 1

 
DAILY DOSE COFFEE LIMITED
REGISTERED NUMBER: 12825404
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




___________________________
E Vian
Director

Date: 28 October 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
DAILY DOSE COFFEE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

The company is a private company limited by shares, which is incorporated under the Companies Act
2006 and registered in England & Wales (no. 12825404). The registered office is 71 Town Green Lane, Aughton, Ormskirk, England, L39 6SE.
These financial statements present information about the company as an individual undertaking. The
principal activity of the company is that of a coffee shop.
The presentation currency of these financial statements is £ sterling; the financial statements are rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

Page 3

 
DAILY DOSE COFFEE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
20%
On cost
Computer equipment
-

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
DAILY DOSE COFFEE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
DAILY DOSE COFFEE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

3.


Employees

2024
2023
£
£

Wages and salaries
188,268
159,491

188,268
159,491


The average monthly number of employees, including directors, during the year was 7 (2023 - 7).


4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 February 2023
20,466
-
20,466


Additions
3,703
2,228
5,931



At 31 January 2024

24,169
2,228
26,397



Depreciation


At 1 February 2023
4,584
-
4,584


Charge for the year on owned assets
4,492
252
4,744



At 31 January 2024

9,076
252
9,328



Net book value



At 31 January 2024
15,093
1,976
17,069



At 31 January 2023
15,882
-
15,882


5.


Stocks

2024
2023
£
£

Stock
1,550
6,123

1,550
6,123


Page 6

 
DAILY DOSE COFFEE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Debtors

2024
2023
£
£


Trade debtors
970
-

970
-



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
30,235
28,907

30,235
28,907



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
259

Corporation tax
18,042
9,784

Other taxation and social security
9,589
7,297

Other creditors
6,558
544

Accruals and deferred income
1,500
1,500

35,689
19,384


Page 7

 
DAILY DOSE COFFEE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

9.


Deferred taxation




2024


£






At beginning of year
(3,971)


Charged to profit or loss
(296)



At end of year
(4,267)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(4,267)
(3,971)

(4,267)
(3,971)


10.


Related party transactions

Included in other creditors is an amount of £6,558 (2023: £543) owed to the directors. The loan is repayable on demand and no interest has been charged.


11.


Controlling party

The company is under the control of the directors.

 
Page 8