Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-01No description of principal activitytruefalse22The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.25falsefalse 06514224 2023-05-01 2024-04-30 06514224 2022-05-01 2023-04-30 06514224 2024-04-30 06514224 2023-04-30 06514224 c:Director1 2023-05-01 2024-04-30 06514224 d:Buildings d:ShortLeaseholdAssets 2023-05-01 2024-04-30 06514224 d:Buildings d:ShortLeaseholdAssets 2024-04-30 06514224 d:Buildings d:ShortLeaseholdAssets 2023-04-30 06514224 d:PlantMachinery 2023-05-01 2024-04-30 06514224 d:PlantMachinery 2024-04-30 06514224 d:PlantMachinery 2023-04-30 06514224 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 06514224 d:MotorVehicles 2023-05-01 2024-04-30 06514224 d:MotorVehicles 2024-04-30 06514224 d:MotorVehicles 2023-04-30 06514224 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 06514224 d:FurnitureFittings 2023-05-01 2024-04-30 06514224 d:FurnitureFittings 2024-04-30 06514224 d:FurnitureFittings 2023-04-30 06514224 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 06514224 d:OfficeEquipment 2023-05-01 2024-04-30 06514224 d:OfficeEquipment 2024-04-30 06514224 d:OfficeEquipment 2023-04-30 06514224 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 06514224 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 06514224 d:CurrentFinancialInstruments 2024-04-30 06514224 d:CurrentFinancialInstruments 2023-04-30 06514224 d:Non-currentFinancialInstruments 2024-04-30 06514224 d:Non-currentFinancialInstruments 2023-04-30 06514224 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 06514224 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 06514224 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 06514224 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 06514224 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 06514224 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 06514224 d:ShareCapital 2024-04-30 06514224 d:ShareCapital 2023-04-30 06514224 d:RetainedEarningsAccumulatedLosses 2024-04-30 06514224 d:RetainedEarningsAccumulatedLosses 2023-04-30 06514224 c:OrdinaryShareClass1 2023-05-01 2024-04-30 06514224 c:OrdinaryShareClass1 2024-04-30 06514224 c:OrdinaryShareClass1 2023-04-30 06514224 c:FRS102 2023-05-01 2024-04-30 06514224 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 06514224 c:FullAccounts 2023-05-01 2024-04-30 06514224 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 06514224 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 06514224 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 06514224 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06514224









MIRACLE COFFEE SHOP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
MIRACLE COFFEE SHOP LIMITED
REGISTERED NUMBER: 06514224

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
327,306
309,332

  
327,306
309,332

Current assets
  

Stocks
  
11,751
13,969

Debtors: amounts falling due within one year
 5 
22,790
28,992

Cash at bank and in hand
 6 
6,882
12,624

  
41,423
55,585

Creditors: amounts falling due within one year
 7 
(238,066)
(184,387)

Net current liabilities
  
 
 
(196,643)
 
 
(128,802)

Total assets less current liabilities
  
130,663
180,530

Creditors: amounts falling due after more than one year
 8 
(104,105)
(160,782)

Provisions for liabilities
  

Deferred tax
 10 
(23,897)
(17,933)

  
 
 
(23,897)
 
 
(17,933)

Net assets
  
2,661
1,815


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
2,561
1,715

  
2,661
1,815


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Page 1

 
MIRACLE COFFEE SHOP LIMITED
REGISTERED NUMBER: 06514224
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 January 2025.




Mr Adem Aksu
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
MIRACLE COFFEE SHOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Miracle Coffee Shop Limited is a private company limited by share capital, incorporated in England and Wales, registration number 06514224. The address of the registered office is 291 Green Lanes, Palmers Green, London N13 4XS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods
Revenue from the sale of food and beverages is recognised at the point of sale.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
MIRACLE COFFEE SHOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

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

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight line and reducing balance basis.

Depreciation is provided on the following basis:

Short-term leasehold property
-
20 years straight line basis
Plant and machinery
-
25% reducing balance basis
Motor vehicles
-
25% reducing balance basis
Fixtures and fittings
-
25% reducing balance basis
Office equipment
-
25% straight line basis.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
MIRACLE COFFEE SHOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.9

Stocks

Stocks are stated at the lower of cost and the estimated selling price less selling costs.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 22 (2023 - 25).

Page 5

 
MIRACLE COFFEE SHOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£
£



Cost


At 1 May 2023
268,306
458,326
59,431
75,788
1,382
863,233


Additions
-
9,447
-
56,342
-
65,789


Disposals
-
(164,000)
-
(58,674)
-
(222,674)



At 30 April 2024

268,306
303,773
59,431
73,456
1,382
706,348



Depreciation


At 1 May 2023
53,359
399,064
39,278
60,970
1,231
553,902


Charge for the year on owned assets
13,415
16,651
5,038
12,593
117
47,814


Disposals
-
(164,000)
-
(58,674)
-
(222,674)



At 30 April 2024

66,774
251,715
44,316
14,889
1,348
379,042



Net book value



At 30 April 2024
201,532
52,058
15,115
58,567
34
327,306



At 30 April 2023
214,947
59,262
20,153
14,819
151
309,332

Page 6

 
MIRACLE COFFEE SHOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Debtors

2024
2023
£
£


Trade debtors
2,134
899

Prepayments and accrued income
20,656
28,093

22,790
28,992



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
6,882
12,624

Less: bank overdrafts
(11,924)
-

(5,042)
12,624



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
11,924
-

Bank loans
60,432
52,642

Trade creditors
92,507
77,496

Corporation tax
23,513
9,727

Other taxation and social security
31,518
31,847

Obligations under finance lease and hire purchase contracts
-
2,726

Other creditors
14,936
2,283

Accruals and deferred income
3,236
7,666

238,066
184,387


Page 7

 
MIRACLE COFFEE SHOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
104,105
160,782

104,105
160,782



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
60,432
52,642


60,432
52,642


Amounts falling due 2-5 years

Bank loans
104,105
160,782


104,105
160,782


164,537
213,424


Page 8

 
MIRACLE COFFEE SHOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

10.


Deferred taxation




2024


£






At beginning of year
(17,933)


Charged to profit or loss
(5,964)



At end of year
(23,897)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(23,897)
(17,933)

(23,897)
(17,933)


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100


 
Page 9