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REGISTERED NUMBER: 08545219 (England and Wales)
















NORTH STAR COFFEE ROASTERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






NORTH STAR COFFEE ROASTERS LIMITED (REGISTERED NUMBER: 08545219)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORTH STAR COFFEE ROASTERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: J M Bowman
A J Bowman
H K Kragiopoulos
A Kragiopoulos





REGISTERED OFFICE: Unit 10
280 Tong Road
Armley
Leeds
West Yorkshire
LS12 3BG





REGISTERED NUMBER: 08545219 (England and Wales)





ACCOUNTANTS: UHY BPR Heaton
Chartered Accountants
Glenewes House
Gate Way Drive
Leeds
West Yorkshire
LS19 7XY

NORTH STAR COFFEE ROASTERS LIMITED (REGISTERED NUMBER: 08545219)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 247,064 142,849

CURRENT ASSETS
Stocks 190,645 283,385
Debtors 5 214,924 260,691
Cash at bank 182,831 30,165
588,400 574,241
CREDITORS
Amounts falling due within one year 6 320,128 195,381
NET CURRENT ASSETS 268,272 378,860
TOTAL ASSETS LESS CURRENT
LIABILITIES

515,336

521,709

CREDITORS
Amounts falling due after more than one
year

7

(108,508

)

(21,594

)

PROVISIONS FOR LIABILITIES (44,366 ) (35,712 )
NET ASSETS 362,462 464,403

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 362,362 464,303
SHAREHOLDERS' FUNDS 362,462 464,403

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

NORTH STAR COFFEE ROASTERS LIMITED (REGISTERED NUMBER: 08545219)

BALANCE SHEET - continued
31 MAY 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 Board of Directors and authorised for issue on 6 February 2025 and were signed on its behalf by:





A Kragiopoulos - Director


NORTH STAR COFFEE ROASTERS LIMITED (REGISTERED NUMBER: 08545219)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

North Star Coffee Roasters Limited is a private company, limited by shares , registered in England and Wales. 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.

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

The significant accounting policies applied in the preparation of these financial statements are set out below.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold - Straight line over 5 years
Plant and machinery - 15% on reducing balance
Fixtures and fittings - Straight line over 5 years
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

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

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are initially measured at transaction price, except for those financial assets classified as at fair value through profit or loss.

Basic financial instruments
Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors, trade creditors and uncomplicated bank loans.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e.cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.


NORTH STAR COFFEE ROASTERS LIMITED (REGISTERED NUMBER: 08545219)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued
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.

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 16 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Leasehold machinery
improvements etc Totals
£ £ £
COST
At 1 June 2023 3,622 315,828 319,450
Additions 44,157 91,105 135,262
Disposals - (3,658 ) (3,658 )
At 31 May 2024 47,779 403,275 451,054
DEPRECIATION
At 1 June 2023 3,622 172,979 176,601
Charge for year 1,800 25,589 27,389
At 31 May 2024 5,422 198,568 203,990
NET BOOK VALUE
At 31 May 2024 42,357 204,707 247,064
At 31 May 2023 - 142,849 142,849

The value of assets held under Hire purchase is £78,534.

NORTH STAR COFFEE ROASTERS LIMITED (REGISTERED NUMBER: 08545219)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 142,408 114,306
Amounts owed by group undertakings 14,009 36,830
Other debtors 58,507 109,555
214,924 260,691

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 24,837 9,973
Hire purchase contracts (see note 8) 11,637 -
Trade creditors 128,099 124,961
Amounts owed to group undertakings 4,184 -
Taxation and social security 20,841 19,531
Other creditors 130,530 40,916
320,128 195,381

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 46,758 21,594
Hire purchase contracts (see note 8) 61,750 -
108,508 21,594

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£ £
Net obligations repayable:
Within one year 11,637 -
Between one and five years 61,750 -
73,387 -

Non-cancellable
operating leases
2024 2023
£ £
Within one year 18,700 -
Between one and five years 95,700 -
In more than five years 52,014 -
166,414 -

NORTH STAR COFFEE ROASTERS LIMITED (REGISTERED NUMBER: 08545219)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Hire purchase contracts 73,387 -