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Registration number: 10309361

Coffee Box Solutions Limited

Annual Report and

Unaudited Financial Statements


for the Year Ended 30 April 2024

 

Coffee Box Solutions Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 9

 

Coffee Box Solutions Limited

Company Information

Director

Mr A Nicholson

Company secretary

Mr A Nicholson

Registered office

7 Lion Street
Brecon
Powys
LD3 7AY

 

Bankers

Barclays Bank
Hereford Branch
Leicester
Leicestershire
LE87 2BB

 

Accountants

W J James & Co
Bishop House
10 Wheat Street
Brecon
Powys
LD3 7DG

 

Coffee Box Solutions Limited

(Registration number: 10309361)

Balance Sheet
as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

39,534

35,593

Investments

5

100

100

 

39,634

35,693

Current assets

 

Stocks

2,800

2,400

Debtors

6

143,375

8,431

Cash at bank and in hand

 

28,700

144,593

 

174,875

155,424

Creditors: Amounts falling due within one year

7

(78,823)

(76,792)

Net current assets

 

96,052

78,632

Total assets less current liabilities

 

135,686

114,325

Creditors: Amounts falling due after more than one year

7

(23,388)

(32,372)

Provisions for liabilities

(3,789)

(1,265)

Net assets

 

108,509

80,688

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

108,508

80,687

Total equity

 

108,509

80,688

For the financial 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The profit and loss account and directors' report have not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies regime.

 

Coffee Box Solutions Limited

(Registration number: 10309361)

Balance Sheet
as at 30 April 2024

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 20 January 2025
 

.........................................

Mr A Nicholson

Company secretary and director

 

Coffee Box Solutions Limited

Notes to the Financial Statements
for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales within the United Kingdom.

The address of its registered office is:
7 Lion Street
Brecon
Powys
LD3 7AY

These financial statements were authorised for issue by the director on 20 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities.

The company recognises revenue when this can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Government grants

Government grants are recognised at the fair value of the asset received or receivable where there is reasonable assurance that the conditions will be met and the funds received.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Coffee Box Solutions Limited

Notes to the Financial Statements
for the Year Ended 30 April 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and equipment

20% straight line

Improvements to property

Nil

Furniture, fixtures and fittings

25% reducing balance

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and net realisable value, after making allowance for obsolete and slow moving items.

 

Coffee Box Solutions Limited

Notes to the Financial Statements
for the Year Ended 30 April 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 9 (2023 - 9).

 

Coffee Box Solutions Limited

Notes to the Financial Statements
for the Year Ended 30 April 2024

4

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 May 2023

15,470

18,987

36,473

70,930

Additions

-

486

14,215

14,701

Disposals

-

-

(13,243)

(13,243)

At 30 April 2024

15,470

19,473

37,445

72,388

Depreciation

At 1 May 2023

-

8,832

26,505

35,337

Charge for the year

-

2,621

4,638

7,259

Eliminated on disposal

-

-

(9,742)

(9,742)

At 30 April 2024

-

11,453

21,401

32,854

Carrying amount

At 30 April 2024

15,470

8,020

16,044

39,534

At 30 April 2023

15,470

10,155

9,968

35,593


 

 

Coffee Box Solutions Limited

Notes to the Financial Statements
for the Year Ended 30 April 2024

5

Investments

2024
£

2023
£

Investments in subsidiaries

100

100

Subsidiaries

£

Cost or valuation

Additions

100

Provision

Carrying amount

At 30 April 2024

100

At 30 April 2023

100

6

Debtors

Note

2024
£

2023
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

132,500

-

Prepayments

 

6,675

4,231

Other debtors

 

4,200

4,200

 

143,375

8,431

 

Coffee Box Solutions Limited

Notes to the Financial Statements
for the Year Ended 30 April 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

8

8,925

8,824

Trade creditors

 

14,665

11,259

Taxation and social security

 

21,327

12,915

Accruals and deferred income

 

2,401

3,436

Other creditors

 

31,505

40,358

 

78,823

76,792

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

23,388

32,372

8

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

23,388

32,372

2024
£

2023
£

Current loans and borrowings

Bank borrowings

8,925

8,824