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REGISTERED NUMBER: 07668455 (England and Wales)


















XPRESS COFFEE GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






XPRESS COFFEE GROUP LIMITED (REGISTERED NUMBER: 07668455)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


XPRESS COFFEE GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mrs T Palmer
Mr T J Palmer





REGISTERED OFFICE: 38 Waterside Barns
Lodge Farm Business Centre
Castlethorpe
Milton Keynes
MK19 7ES





REGISTERED NUMBER: 07668455 (England and Wales)





ACCOUNTANTS: Thompson Balch Limited
Chartered Accountants
Sovereign House
15 Towcester Road
Old Stratford
Milton Keynes
MK19 6AN

XPRESS COFFEE GROUP LIMITED (REGISTERED NUMBER: 07668455)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 625 937
Tangible assets 5 58,859 65,922
59,484 66,859

CURRENT ASSETS
Stocks 50,000 56,300
Debtors 6 253,288 115,029
Cash at bank 5,723 13,411
309,011 184,740
CREDITORS
Amounts falling due within one year 7 368,392 213,369
NET CURRENT LIABILITIES (59,381 ) (28,629 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

103

38,230

CREDITORS
Amounts falling due after more than one
year

8

(34,166

)

(40,142

)

PROVISIONS FOR LIABILITIES (5,559 ) (6,542 )
NET LIABILITIES (39,622 ) (8,454 )

XPRESS COFFEE GROUP LIMITED (REGISTERED NUMBER: 07668455)

BALANCE SHEET - continued
30 JUNE 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (39,624 ) (8,456 )
SHAREHOLDERS' FUNDS (39,622 ) (8,454 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 February 2025 and were signed on its behalf by:





Mrs T Palmer - Director


XPRESS COFFEE GROUP LIMITED (REGISTERED NUMBER: 07668455)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Xpress Coffee Group 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.

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

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.

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.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 10% on reducing balance
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on reducing balance
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 Statement of Income and Retained Earnings, 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.


XPRESS COFFEE GROUP LIMITED (REGISTERED NUMBER: 07668455)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 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.

Going concern
The accounts have been prepared as a going concern on the based on the director's assertion that the
company will continue to meet its obligations

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023
and 30 June 2024 1,250
AMORTISATION
At 1 July 2023 313
Charge for year 312
At 30 June 2024 625
NET BOOK VALUE
At 30 June 2024 625
At 30 June 2023 937

XPRESS COFFEE GROUP LIMITED (REGISTERED NUMBER: 07668455)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 July 2023 24,920 500 -
Additions - - 4,800
At 30 June 2024 24,920 500 4,800
DEPRECIATION
At 1 July 2023 4,735 500 -
Charge for year 2,018 - 1,200
At 30 June 2024 6,753 500 1,200
NET BOOK VALUE
At 30 June 2024 18,167 - 3,600
At 30 June 2023 20,185 - -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 62,495 639 88,554
Additions - 755 5,555
At 30 June 2024 62,495 1,394 94,109
DEPRECIATION
At 1 July 2023 17,237 160 22,632
Charge for year 9,052 348 12,618
At 30 June 2024 26,289 508 35,250
NET BOOK VALUE
At 30 June 2024 36,206 886 58,859
At 30 June 2023 45,258 479 65,922

XPRESS COFFEE GROUP LIMITED (REGISTERED NUMBER: 07668455)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 53,913 58,695
Other debtors 199,375 56,334
253,288 115,029

Including within debtors is an overdrawn Director's loan of £141,368 (2023 - £48,231).

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 250,611 192,158
Taxation and social security 58,858 4,629
Other creditors 53,923 11,582
368,392 213,369

Included within trade creditors is a balance of £141,390 (2023 - £69,969 ) owed by Tristan James Group Ltd a company in which is also under control of the Directors.This amount is interest free.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 34,166 40,142