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REGISTERED NUMBER: SC280069 (Scotland)










Unaudited Financial Statements

for the Year Ended 29 February 2024

for

COFFEEPOTS LIMITED

COFFEEPOTS LIMITED (REGISTERED NUMBER: SC280069)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COFFEEPOTS LIMITED

Company Information
for the Year Ended 29 February 2024







DIRECTORS: C Wilson
P Dunese





REGISTERED OFFICE: C/O WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA





REGISTERED NUMBER: SC280069 (Scotland)





ACCOUNTANTS: WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA

COFFEEPOTS LIMITED (REGISTERED NUMBER: SC280069)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 23,108 11,836
Tangible assets 5 1,481,301 1,777,789
1,504,409 1,789,625

CURRENT ASSETS
Stocks 6 37,795 35,861
Debtors 7 3,757,109 3,391,529
Cash in hand 9,120 9,130
3,804,024 3,436,520
CREDITORS
Amounts falling due within one year 8 2,507,206 2,387,794
NET CURRENT ASSETS 1,296,818 1,048,726
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,801,227

2,838,351

CREDITORS
Amounts falling due after more than one
year

9

(280,000

)

(400,000

)

PROVISIONS FOR LIABILITIES (208,521 ) (206,445 )
NET ASSETS 2,312,706 2,231,906

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,312,606 2,231,806
SHAREHOLDERS' FUNDS 2,312,706 2,231,906

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.

COFFEEPOTS LIMITED (REGISTERED NUMBER: SC280069)

Balance Sheet - continued
29 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:





P Dunese - Director


COFFEEPOTS LIMITED (REGISTERED NUMBER: SC280069)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Coffeepots Limited is a private company, limited by shares , registered in Scotland. 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.

Franchise fees
Costs associated with the franchise fee costs are capitalised as intangible fixed assets and amortised accordingly.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 20% 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.

Basic financial instruments
Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

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 balance sheet date.


COFFEEPOTS LIMITED (REGISTERED NUMBER: SC280069)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 144 (2023 - 146 ) .

4. INTANGIBLE FIXED ASSETS
Franchise
Fees
£   
COST
At 1 March 2023 132,212
Additions 20,000
At 29 February 2024 152,212
AMORTISATION
At 1 March 2023 120,376
Amortisation for year 8,728
At 29 February 2024 129,104
NET BOOK VALUE
At 29 February 2024 23,108
At 28 February 2023 11,836

COFFEEPOTS LIMITED (REGISTERED NUMBER: SC280069)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 March 2023 2,891,162 12,816 1,253,152 127,900 4,285,030
Additions - 597 15,276 - 15,873
Disposals - - (3,567 ) - (3,567 )
At 29 February 2024 2,891,162 13,413 1,264,861 127,900 4,297,336
DEPRECIATION
At 1 March 2023 1,593,821 9,449 851,922 52,049 2,507,241
Charge for year 213,470 842 81,950 15,170 311,432
Eliminated on disposal - - (2,638 ) - (2,638 )
At 29 February 2024 1,807,291 10,291 931,234 67,219 2,816,035
NET BOOK VALUE
At 29 February 2024 1,083,871 3,122 333,627 60,681 1,481,301
At 28 February 2023 1,297,341 3,367 401,230 75,851 1,777,789

6. STOCKS
2024 2023
£    £   
Stocks 37,795 35,861

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 31,195 132,579
Amounts owed by group undertakings 3,577,606 3,130,459
Other debtors 11,670 19,249
Prepayments 136,638 109,242
3,757,109 3,391,529

COFFEEPOTS LIMITED (REGISTERED NUMBER: SC280069)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 49,401 266,308
Trade creditors 364,435 183,070
Tax 25,715 (1,953 )
Social security and other taxes 26,105 40,637
VAT 229,234 156,307
Other creditors 36,052 50,924
Directors' current accounts 1,290,077 1,130,077
Accruals and deferred income 486,187 562,424
2,507,206 2,387,794

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 280,000 400,000

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
C Wilson
Balance outstanding at start of year 639,832 564,832
Amounts advanced 80,000 75,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 719,832 639,832

P Dunese
Balance outstanding at start of year 490,245 365,245
Amounts advanced 80,000 125,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 570,245 490,245

11. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.