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Registration number: 08387889

The Tilley Green Coffee Company Limited

Filleted Financial Statements

for the Year Ended 30 June 2024

 

The Tilley Green Coffee Company Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 6

 

The Tilley Green Coffee Company Limited

Company Information

Directors

Mr D V Grocott

Ms L M Grocott

Registered office

Brookdale
Station Road
Prees
Shropshire
SY13 2DW

Auditors

CBSL Accountants Limited
Chartered Accountants
Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

 

The Tilley Green Coffee Company Limited

(Registration number: 08387889)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

113,484

129,958

Current assets

 

Stocks

5

57,096

57,557

Debtors

6

79,164

62,183

Cash at bank and in hand

 

98,234

73,612

 

234,494

193,352

Creditors: Amounts falling due within one year

7

(132,270)

(130,264)

Net current assets

 

102,224

63,088

Total assets less current liabilities

 

215,708

193,046

Creditors: Amounts falling due after more than one year

7

(593,210)

(593,210)

Net liabilities

 

(377,502)

(400,164)

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

(377,503)

(400,165)

Shareholders' deficit

 

(377,502)

(400,164)

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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 January 2025 and signed on its behalf by:
 


Mr D V Grocott
Director

 

The Tilley Green Coffee Company Limited

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

1

General information

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

The address of its registered office is:
Brookdale
Station Road
Prees
Shropshire
SY13 2DW

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.

Going concern

The financial statements have been prepared on a going concern basis. The directors confirm they have reasonable expectation that the company has adequate resources and continued support from the parent undertaking and related party entities to meet its liabilities as they fall due. The directors believe the company can continue in operational existence for at least 12 months from the date of signing these financial statements.

Audit report

The Independent Auditors' Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 30 January 2025 was Adrian Barker BA FCA, who signed for and on behalf of CBSL Accountants Limited.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue 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.

 

The Tilley Green Coffee Company Limited

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

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 machines

3 years straight line

Fixtures and fittings

3 years straight line

Motor vehicles

4 years straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2023 - 9).

 

The Tilley Green Coffee Company Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 July 2023

13,898

109,122

442,323

565,343

Additions

1,002

-

64,583

65,585

Disposals

-

-

(26,136)

(26,136)

At 30 June 2024

14,900

109,122

480,770

604,792

Depreciation

At 1 July 2023

9,472

66,809

359,104

435,385

Charge for the year

2,397

22,872

53,018

78,287

Eliminated on disposal

-

-

(22,364)

(22,364)

At 30 June 2024

11,869

89,681

389,758

491,308

Carrying amount

At 30 June 2024

3,031

19,441

91,012

113,484

At 30 June 2023

4,426

42,313

83,219

129,958

5

Stocks

2024
£

2023
£

Other inventories

57,096

57,557

6

Debtors

Current

2024
£

2023
£

Trade debtors

77,223

61,655

Prepayments

1,941

528

 

79,164

62,183

 

The Tilley Green Coffee Company Limited

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

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

63,914

43,586

Taxation and social security

7,780

17,559

Accruals and deferred income

28,163

30,614

Other creditors

32,413

38,505

132,270

130,264

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Other non-current financial liabilities

593,210

593,210

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

       

9

Related party transactions

Summary of transactions with other related parties


Monies due to the ulitmate shareholders and companies which they control at the year end amounted to £30,092 (2023 - £36,111). The loans are interest free and are included in Other creditors.

 

10

Parent and ultimate parent undertaking

The ultimate parent is Tilley Green Holdings Limited, incorporated in England and Wales.

  These financial statements are available upon request from Companies House, Crown Way, Cardiff, Wales, CF14 3UZ.