12 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 18,576 1,858 1,858 16,718 18,576 xbrli:pure xbrli:shares iso4217:GBP SC628556 2023-05-01 2024-04-30 SC628556 2024-04-30 SC628556 2023-04-30 SC628556 2022-05-01 2023-04-30 SC628556 2023-04-30 SC628556 2022-04-30 SC628556 core:NetGoodwill 2023-05-01 2024-04-30 SC628556 core:PlantMachinery 2023-05-01 2024-04-30 SC628556 core:FurnitureFittings 2023-05-01 2024-04-30 SC628556 bus:Director1 2023-05-01 2024-04-30 SC628556 core:NetGoodwill 2024-04-30 SC628556 core:PlantMachinery 2023-04-30 SC628556 core:FurnitureFittings 2023-04-30 SC628556 core:PlantMachinery 2024-04-30 SC628556 core:FurnitureFittings 2024-04-30 SC628556 core:MotorVehicles 2024-04-30 SC628556 core:MotorVehicles 2023-05-01 2024-04-30 SC628556 core:WithinOneYear 2024-04-30 SC628556 core:WithinOneYear 2023-04-30 SC628556 core:AfterOneYear 2024-04-30 SC628556 core:AfterOneYear 2023-04-30 SC628556 core:ShareCapital 2024-04-30 SC628556 core:ShareCapital 2023-04-30 SC628556 core:RetainedEarningsAccumulatedLosses 2024-04-30 SC628556 core:RetainedEarningsAccumulatedLosses 2023-04-30 SC628556 core:NetGoodwill 2023-04-30 SC628556 core:PlantMachinery 2023-04-30 SC628556 core:FurnitureFittings 2023-04-30 SC628556 bus:SmallEntities 2023-05-01 2024-04-30 SC628556 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 SC628556 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 SC628556 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC628556 bus:FullAccounts 2023-05-01 2024-04-30
COMPANY REGISTRATION NUMBER: SC628556
Chesters Artisan Coffee Roasters Limited
Filleted Unaudited Financial Statements
30 April 2024
Chesters Artisan Coffee Roasters Limited
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
Fixed assets
Intangible assets
5
16,718
18,576
Tangible assets
6
110,477
39,266
---------
--------
127,195
57,842
Current assets
Stocks
3,800
2,600
Debtors
7
6,256
14,059
Cash at bank and in hand
2,113
26,488
--------
--------
12,169
43,147
Creditors: amounts falling due within one year
8
135,148
80,468
---------
--------
Net current liabilities
122,979
37,321
---------
--------
Total assets less current liabilities
4,216
20,521
Creditors: amounts falling due after more than one year
9
5,813
11,754
-------
--------
Net (liabilities)/assets
( 1,597)
8,767
-------
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
( 1,598)
8,766
-------
-------
Shareholders (deficit)/funds
( 1,597)
8,767
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Chesters Artisan Coffee Roasters Limited
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 16 January 2025 , and are signed on behalf of the board by:
Mr H Krikken
Director
Company registration number: SC628556
Chesters Artisan Coffee Roasters Limited
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Stannergate House, 41 Dundee Road West, Broughty Ferry, Dundee, DD5 1NB, Scotland.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Corporation tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Property Improvements
-
10% straight line
Fixtures and fittings
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 12 (2023: 8 ).
5. Intangible assets
Lease
£
Cost
At 1 May 2023 and 30 April 2024
18,576
--------
Amortisation
Charge for the year
1,858
--------
At 30 April 2024
1,858
--------
Carrying amount
At 30 April 2024
16,718
--------
At 30 April 2023
18,576
--------
6. Tangible assets
Tenant Improvements
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 May 2023
23,179
72,742
95,921
Additions
42,862
28,503
19,717
91,082
--------
---------
--------
---------
At 30 April 2024
66,041
101,245
19,717
187,003
--------
---------
--------
---------
Depreciation
At 1 May 2023
8,479
48,176
56,655
Charge for the year
6,604
13,267
19,871
--------
---------
--------
---------
At 30 April 2024
15,083
61,443
76,526
--------
---------
--------
---------
Carrying amount
At 30 April 2024
50,958
39,802
19,717
110,477
--------
---------
--------
---------
At 30 April 2023
14,700
24,566
39,266
--------
---------
--------
---------
7. Debtors
2024
2023
£
£
Other debtors
6,256
14,059
-------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
11,993
9,264
Trade creditors
737
10,619
Corporation tax
497
Social security and other taxes
17,764
4,382
Other creditors
104,654
55,706
---------
--------
135,148
80,468
---------
--------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
5,813
11,754
-------
--------
10. Directors' advances, credit and guarantees
The company was under the control of the company director Mr H. Krikken throughout the period. At the period end the director was due to be repaid £101,354 (2023 - £52,285). The loan is interest free and will not be repaid until the company has sufficient funds.