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REGISTERED NUMBER: SC631982 (Scotland)










Unaudited Financial Statements

for the Year Ended 29 February 2024

for

COFFEEPOTS (DRIVE THRU) LIMITED

COFFEEPOTS (DRIVE THRU) LIMITED (REGISTERED NUMBER: SC631982)






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 (DRIVE THRU) LIMITED

Company Information
for the Year Ended 29 February 2024







DIRECTORS: P Dunese
C Wilson





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





REGISTERED NUMBER: SC631982 (Scotland)





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

COFFEEPOTS (DRIVE THRU) LIMITED (REGISTERED NUMBER: SC631982)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 33,904 36,444
Tangible assets 5 228,236 285,296
262,140 321,740

CURRENT ASSETS
Stocks 3,455 4,082
Debtors 6 23,239 58,338
Cash at bank and in hand 36,609 6,266
63,303 68,686
CREDITORS
Amounts falling due within one year 7 381,767 444,838
NET CURRENT LIABILITIES (318,464 ) (376,152 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(56,324

)

(54,412

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (56,424 ) (54,512 )
SHAREHOLDERS' FUNDS (56,324 ) (54,412 )

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 (DRIVE THRU) LIMITED (REGISTERED NUMBER: SC631982)

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 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 26 November 2024 and were signed on its behalf by:




P Dunese - Director



C Wilson - Director


COFFEEPOTS (DRIVE THRU) LIMITED (REGISTERED NUMBER: SC631982)

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

1. STATUTORY INFORMATION

Coffeepots (Drive Thru) 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise Fees are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on cost

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 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.


COFFEEPOTS (DRIVE THRU) LIMITED (REGISTERED NUMBER: SC631982)

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 26 (2023 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2023
and 29 February 2024 51,748
AMORTISATION
At 1 March 2023 10,305
Charge for year 7,539
At 29 February 2024 17,844
NET BOOK VALUE
At 29 February 2024 33,904
At 28 February 2023 41,443

COFFEEPOTS (DRIVE THRU) LIMITED (REGISTERED NUMBER: SC631982)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 376,801
DEPRECIATION
At 1 March 2023 91,505
Charge for year 57,060
At 29 February 2024 148,565
NET BOOK VALUE
At 29 February 2024 228,236
At 28 February 2023 285,296

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,986 25,544
Other debtors 18,253 32,794
23,239 58,338

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 34,366 68,962
Amounts owed to associates 173,282 205,738
Taxation and social security 45,815 31,339
Other creditors 128,304 138,799
381,767 444,838