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REGISTERED NUMBER: 10625194 (England and Wales)













Unaudited Financial Statements

for the Year Ended 29 February 2024

for

TWO BROTHERS COFFEE LTD

TWO BROTHERS COFFEE LTD (REGISTERED NUMBER: 10625194)






Contents of the Financial Statements
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TWO BROTHERS COFFEE LTD

Company Information
FOR THE YEAR ENDED 29 FEBRUARY 2024







Directors: Mr D P Jones
Mr S G Jones





Registered office: 6 Waterside Court
St Helens Technology Campus
St. Helens
Merseyside
WA9 1UA





Registered number: 10625194 (England and Wales)





Accountants: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

TWO BROTHERS COFFEE LTD (REGISTERED NUMBER: 10625194)

Balance Sheet
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,716 102,333

CURRENT ASSETS
Debtors 5 8,752 13,641
Cash at bank and in hand 6,301 9,149
15,053 22,790
CREDITORS
Amounts falling due within one year 6 191,931 195,177
NET CURRENT LIABILITIES (176,878 ) (172,387 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(122,162

)

(70,054

)

CREDITORS
Amounts falling due after more than one year 7 12,750 21,250
NET LIABILITIES (134,912 ) (91,304 )

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings (134,914 ) (91,306 )
SHAREHOLDERS' FUNDS (134,912 ) (91,304 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 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:




Mr S G Jones - Director


TWO BROTHERS COFFEE LTD (REGISTERED NUMBER: 10625194)

Notes to the Financial Statements
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Two Brothers Coffee 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.
Fixtures and fittings - 25% on reducing balance

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.

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.

Going concern
The financial statements have been prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future. The directors have reviewed the company’s forecasts and projections, taking into account the ongoing financial support from the shareholders, who have confirmed that they will provide the necessary funding to meet the company’s liabilities as they fall due.

After reviewing the company’s financial position and future prospects, the directors are satisfied that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

TWO BROTHERS COFFEE LTD (REGISTERED NUMBER: 10625194)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2023 278,256
Additions 5,366
Disposals (82,563 )
At 29 February 2024 201,059
DEPRECIATION
At 1 March 2023 175,923
Charge for year 22,317
Eliminated on disposal (51,897 )
At 29 February 2024 146,343
NET BOOK VALUE
At 29 February 2024 54,716
At 28 February 2023 102,333

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Amounts owed by associates - 1,639
Other debtors 8,752 12,002
8,752 13,641

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 8,500 8,500
Trade creditors 4,657 6,895
Amounts owed to associates 19,414 14,740
Taxation and social security 11,320 15,300
Other creditors 148,040 149,742
191,931 195,177

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 12,750 21,250

TWO BROTHERS COFFEE LTD (REGISTERED NUMBER: 10625194)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
2 Ordinary £1 2 2