1 April 2023 false No description of principal activity Taxfiler 2024.6 09235954business:PrivateLimitedCompanyLtd2023-04-012024-03-31 092359542023-03-31 092359542023-04-012024-03-31 09235954business:AuditExemptWithAccountantsReport2023-04-012024-03-31 09235954business:FilletedAccounts2023-04-012024-03-31 092359542024-03-31 092359542023-03-31 09235954core:WithinOneYear2024-03-31 09235954core:WithinOneYear2023-03-31 09235954core:AfterOneYear2024-03-31 09235954core:AfterOneYear2023-03-31 09235954core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 09235954core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 09235954core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 09235954core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 09235954core:PreviouslyStatedAmount2024-03-31 09235954core:PreviouslyStatedAmount2023-03-31 09235954business:SmallEntities2023-04-012024-03-31 09235954business:Director12023-04-012024-03-31 09235954countries:EnglandWales2023-04-012024-03-31 09235954business:RegisteredOffice2023-04-012024-03-31 09235954core:LandBuildings2023-04-012024-03-31 09235954core:PlantMachinery2023-04-012024-03-31 09235954core:MotorVehicles2023-04-012024-03-31 09235954core:FurnitureFittings2023-04-012024-03-31 09235954core:ComputerEquipment2023-04-012024-03-31 09235954core:LandBuildings2023-03-31 09235954core:PlantMachinery2023-03-31 09235954core:MotorVehicles2023-03-31 09235954core:FurnitureFittings2023-03-31 09235954core:ComputerEquipment2023-03-31 09235954core:LandBuildings2024-03-31 09235954core:PlantMachinery2024-03-31 09235954core:MotorVehicles2024-03-31 09235954core:FurnitureFittings2024-03-31 09235954core:ComputerEquipment2024-03-31 09235954business:Director112023-04-012024-03-31 09235954business:Director112023-03-31 09235954business:Director112024-03-31 09235954business:Director222023-04-012024-03-31 09235954business:Director222023-03-31 09235954business:Director222024-03-31 092359542022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 09235954 (England and Wales)
Pilgrims Coffee Ltd. Unaudited accounts for the year ended 31 March 2024
Pilgrims Coffee Ltd. Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
123,296 
120,638 
Current assets
Inventories
4,104 
7,100 
Debtors
20,961 
45,357 
Cash at bank and in hand
118,654 
84,420 
143,719 
136,877 
Creditors: amounts falling due within one year
(70,952)
(56,620)
Net current assets
72,767 
80,257 
Total assets less current liabilities
196,063 
200,895 
Creditors: amounts falling due after more than one year
(11,667)
(21,667)
Provisions for liabilities
Deferred tax
(22,489)
(22,048)
Net assets
161,907 
157,180 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
161,905 
157,178 
Shareholders' funds
161,907 
157,180 
For the year ending 31 March 2024 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2024 and were signed on its behalf by
Andrew Mundy Director Company Registration No. 09235954
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Pilgrims Coffee Ltd. Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Pilgrims Coffee Ltd. is a private company, limited by shares, registered in England and Wales, registration number 09235954. The registered office is Falkland House Marygate, Holy Island, Berwick-Upon-Tweed, Northumberland, TD15 2SJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
3 year straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Pilgrims Coffee Ltd. Notes to the Accounts for the year ended 31 March 2024
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
8,564 
199,332 
30,663 
6,003 
504 
245,066 
Additions
4,068 
9,161 
- 
14,830 
170 
28,229 
At 31 March 2024
12,632 
208,493 
30,663 
20,833 
674 
273,295 
Depreciation
At 1 April 2023
- 
102,096 
21,393 
491 
448 
124,428 
Charge for the year
- 
19,626 
1,853 
3,866 
226 
25,571 
At 31 March 2024
- 
121,722 
23,246 
4,357 
674 
149,999 
Net book value
At 31 March 2024
12,632 
86,771 
7,417 
16,476 
- 
123,296 
At 31 March 2023
8,564 
97,236 
9,270 
5,512 
56 
120,638 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
5,403 
Trade debtors
9,899 
17,510 
Accrued income and prepayments
562 
20,444 
Other debtors
10,500 
2,000 
20,961 
45,357 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
Obligations under finance leases and hire purchase contracts
- 
3,823 
Trade creditors
18,390 
15,412 
Taxes and social security
26,398 
17,468 
Other creditors
8,205 
7,890 
Loans from directors
44 
14 
Accruals
7,915 
2,013 
70,952 
56,620 
- 4 -
Pilgrims Coffee Ltd. Notes to the Accounts for the year ended 31 March 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,667 
21,667 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Director's loan account
1,000 
5,250 
1,000 
5,250 
Director's loan account
1,000 
5,250 
1,000 
5,250 
2,000 
10,500 
2,000 
10,500 
9
Average number of employees
During the year the average number of employees was 10 (2023: 9).
- 5 -