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REGISTERED NUMBER: SC422212 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

COFFEE SOCIETEA LIMITED

COFFEE SOCIETEA LIMITED (REGISTERED NUMBER: SC422212)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COFFEE SOCIETEA LIMITED

Company Information
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: R M Kennedy





REGISTERED OFFICE: 18 Bon Accord Crescent
Aberdeen
AB11 6XY





REGISTERED NUMBER: SC422212 (Scotland)





ACCOUNTANTS: Fyfe Moir & Associates
1st Floor, 5 Abercrombie Crt
Prospect Road,
Westhill
Aberdeenshire
Grampian
AB32 6FE

COFFEE SOCIETEA LIMITED (REGISTERED NUMBER: SC422212)

Balance Sheet
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 155,500 180,500
Tangible assets 5 945,204 1,010,518
1,100,704 1,191,018

CURRENT ASSETS
Stocks 6 1,000 1,000
Debtors 7 22,358 83,316
Cash at bank and in hand 401,913 210,933
425,271 295,249
CREDITORS
Amounts falling due within one year 8 632,352 712,273
NET CURRENT LIABILITIES (207,081 ) (417,024 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

893,623

773,994

CREDITORS
Amounts falling due after more than one year 9 (5,475 ) (13,281 )

PROVISIONS FOR LIABILITIES 11 (3,935 ) (11,265 )
NET ASSETS 884,213 749,448

CAPITAL AND RESERVES
Called up share capital 12 30 30
Retained earnings 13 884,183 749,418
SHAREHOLDERS' FUNDS 884,213 749,448

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

COFFEE SOCIETEA LIMITED (REGISTERED NUMBER: SC422212)

Balance Sheet - continued
30 APRIL 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 director and authorised for issue on 29 January 2025 and were signed by:





R M Kennedy - Director


COFFEE SOCIETEA LIMITED (REGISTERED NUMBER: SC422212)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Coffee Societea 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

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.

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 - 4% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% 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.

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.


COFFEE SOCIETEA LIMITED (REGISTERED NUMBER: SC422212)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 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 56 (2023 - 53 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 250,000
AMORTISATION
At 1 May 2023 69,500
Amortisation for year 25,000
At 30 April 2024 94,500
NET BOOK VALUE
At 30 April 2024 155,500
At 30 April 2023 180,500

COFFEE SOCIETEA LIMITED (REGISTERED NUMBER: SC422212)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 1,165,860 384,753 91,610 9,285 1,651,508
Additions 16,909 27,044 - 2,890 46,843
At 30 April 2024 1,182,769 411,797 91,610 12,175 1,698,351
DEPRECIATION
At 1 May 2023 306,402 270,556 59,857 4,175 640,990
Charge for year 46,854 39,720 22,903 2,680 112,157
At 30 April 2024 353,256 310,276 82,760 6,855 753,147
NET BOOK VALUE
At 30 April 2024 829,513 101,521 8,850 5,320 945,204
At 30 April 2023 859,458 114,197 31,753 5,110 1,010,518

6. STOCKS
30.4.24 30.4.23
£    £   
Stocks 1,000 1,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors - 62,345
Prepayments and accrued income - 1,957
Prepayments 22,358 19,014
22,358 83,316

COFFEE SOCIETEA LIMITED (REGISTERED NUMBER: SC422212)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts (see note 10) 208,333 288,333
Other loans (see note 10) 24,936 49,685
Hire purchase contracts 7,806 7,806
Trade creditors 61,011 71,209
Tax 189,624 111,305
Social security and other taxes 6,246 7,042
VAT 28,047 18,253
Other creditors 20,265 48,870
Directors' current accounts 22,852 68,499
Accrued expenses 63,232 41,271
632,352 712,273

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 5,475 13,281

10. LOANS

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 208,333 288,333
Other loans 24,936 49,685
233,269 338,018

11. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 3,935 11,265

Deferred
tax
£   
Balance at 1 May 2023 11,265
Movement during the year (7,330 )
Balance at 30 April 2024 3,935

COFFEE SOCIETEA LIMITED (REGISTERED NUMBER: SC422212)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
30 Ordinary £1 30 30

13. RESERVES
Retained
earnings
£   

At 1 May 2023 749,418
Profit for the year 134,765
At 30 April 2024 884,183