Acorah Software Products - Accounts Production 16.0.110 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 4545094 Mr D A McLagan Mrs A J McLagan Mr O S Wessely Mr A P Kybird iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 4545094 2022-12-31 4545094 2023-12-31 4545094 2023-01-01 2023-12-31 4545094 frs-core:CurrentFinancialInstruments 2023-12-31 4545094 frs-core:Non-currentFinancialInstruments 2023-12-31 4545094 frs-core:BetweenOneFiveYears 2023-12-31 4545094 frs-core:ComputerEquipment 2023-12-31 4545094 frs-core:ComputerEquipment 2023-01-01 2023-12-31 4545094 frs-core:ComputerEquipment 2022-12-31 4545094 frs-core:FurnitureFittings 2023-12-31 4545094 frs-core:FurnitureFittings 2023-01-01 2023-12-31 4545094 frs-core:FurnitureFittings 2022-12-31 4545094 frs-core:PlantMachinery 2023-12-31 4545094 frs-core:PlantMachinery 2023-01-01 2023-12-31 4545094 frs-core:PlantMachinery 2022-12-31 4545094 frs-core:WithinOneYear 2023-12-31 4545094 frs-core:SharePremium 2023-12-31 4545094 frs-core:ShareCapital 2023-12-31 4545094 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 4545094 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 4545094 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 4545094 frs-bus:SmallEntities 2023-01-01 2023-12-31 4545094 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 4545094 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 4545094 frs-core:CostValuation 2022-12-31 4545094 frs-core:RevaluationsIncreaseDecreaseInInvestments 2023-12-31 4545094 frs-core:CostValuation 2023-12-31 4545094 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 4545094 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 4545094 frs-bus:Director1 2023-01-01 2023-12-31 4545094 frs-bus:Director1 2022-12-31 4545094 frs-bus:Director1 2023-12-31 4545094 frs-bus:Director2 2023-01-01 2023-12-31 4545094 frs-bus:Director3 2023-01-01 2023-12-31 4545094 frs-bus:Director3 2022-12-31 4545094 frs-bus:Director3 2023-12-31 4545094 frs-bus:Director4 2023-01-01 2023-12-31 4545094 frs-core:CurrentFinancialInstruments 1 2023-12-31 4545094 frs-countries:EnglandWales 2023-01-01 2023-12-31 4545094 2021-12-31 4545094 2022-12-31 4545094 2022-01-01 2022-12-31 4545094 frs-core:CurrentFinancialInstruments 2022-12-31 4545094 frs-core:Non-currentFinancialInstruments 2022-12-31 4545094 frs-core:BetweenOneFiveYears 2022-12-31 4545094 frs-core:WithinOneYear 2022-12-31 4545094 frs-core:SharePremium 2022-12-31 4545094 frs-core:ShareCapital 2022-12-31 4545094 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 4545094 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 4545094
Ecoffee Cup Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Harpers Accountancy LLP
PO Box 293
Lewes
BN7 9PG
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—8
Page 1
Balance Sheet
Registered number: 4545094
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 25,948 27,702
Investments 5 20 21
25,968 27,723
CURRENT ASSETS
Stocks 611,949 655,872
Debtors 6 378,296 443,965
Cash at bank and in hand 186,714 221,206
1,176,959 1,321,043
Creditors: Amounts Falling Due Within One Year 7 (524,858 ) (690,336 )
NET CURRENT ASSETS (LIABILITIES) 652,101 630,707
TOTAL ASSETS LESS CURRENT LIABILITIES 678,069 658,430
Creditors: Amounts Falling Due After More Than One Year 8 (14,806 ) (25,838 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,488 ) (6,927 )
NET ASSETS 656,775 625,665
CAPITAL AND RESERVES
Called up share capital 9 261 261
Share premium account 533,316 533,316
Profit and Loss Account 123,198 92,088
SHAREHOLDERS' FUNDS 656,775 625,665
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For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs A J McLagan
Director
30/10/2024
The notes on pages 3 to 8 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Ecoffee Cup Limited is a private company, limited by shares, incorporated in England & Wales, registered number 4545094 . The registered office is 3 Queen Square, London, WC1N 3AR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
2.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis, based on the directors' assessment of the company’s financial position and future plans. The directors believe the company will continue to operate for the foreseeable future and have confirmed their intention to support the company if necessary.
2.3. Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
2.4. Research and Development
Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
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2.6. Leasing and Hire Purchase Contracts
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interes elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
2.7. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
2.8. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
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2.9. Foreign Currencies
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
2.10. Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
2.11. Government Grant
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
2.12. Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
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2.13. Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.14. Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2022: 9)
9 9
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 21,612 12,224 9,254 43,090
Additions 6,597 - 3,617 10,214
Disposals - (5,411 ) - (5,411 )
As at 31 December 2023 28,209 6,813 12,871 47,893
Depreciation
As at 1 January 2023 6,428 2,133 6,827 15,388
Provided during the period 4,695 1,312 1,114 7,121
Disposals - (564 ) - (564 )
As at 31 December 2023 11,123 2,881 7,941 21,945
Net Book Value
As at 31 December 2023 17,086 3,932 4,930 25,948
As at 1 January 2023 15,184 10,091 2,427 27,702
5. Investments
Other
£
Cost
As at 1 January 2023 21
Revaluations (1 )
As at 31 December 2023 20
Provision
As at 1 January 2023 -
As at 31 December 2023 -
...CONTINUED
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Net Book Value
As at 31 December 2023 20
As at 1 January 2023 21
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 165,240 170,961
Prepayments and accrued income 69,997 37,596
Other debtors 49,108 24,818
Directors' loan accounts 1,578 1,137
Amounts owed by group undertakings 92,373 209,453
378,296 443,965
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 260,042 318,559
Bank loans and overdrafts 48,321 111,178
Corporation tax 17,639 7,355
Other taxes and social security 11,773 10,240
VAT 34,696 88,483
Other creditors 113,941 69,089
Other Loans (Non-director) 4,967 10,836
Accruals and deferred income 10,194 25,909
Directors' loan accounts 23,285 48,687
524,858 690,336
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 14,806 25,838
14,806 25,838
HSBC UK Bank PLC holds fixed and floating charges over all assets. HSBC Invoice Finance (UK) Limited holds fixed and floating charges over the property or undertaking of the company.
9. Share Capital
The company has two classes of ordinary shares which carry voting rights but do not carry any right to fixed income. Additionally, the company has in issue 326,531 non-redeemable preference shares of £0.0001 each, classified as equity. These shares also carry voting rights.
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10. Other Commitments
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2023 2022
£ £
Not later than one year 47,804 47,804
Later than one year and not later than five years 22,396 70,200
70,200 118,004
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr David McLagan - 789 - - 789
Mrs Alison McLagan - 789 - - 789
The above loans are unsecured, interest free and repayable on demand.
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