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Registered number: NI626967
Chubby Cherub Coffee Co. Ltd
Unaudited Financial Statements
For the Period 1 June 2023 to 30 June 2024
Gray + Press Accountants
21 Old Channel Road
Unit 4A Channel Wharf
Belfast
Antrim
BT3 9DE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI626967
30 June 2024 31 May 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 49,167 61,117
Tangible Assets 5 148,554 250,158
197,721 311,275
CURRENT ASSETS
Stocks 6 11,208 12,150
Debtors 7 460,485 409,165
Cash at bank and in hand 171,994 141,505
643,687 562,820
Creditors: Amounts Falling Due Within One Year 8 (424,067 ) (340,987 )
NET CURRENT ASSETS (LIABILITIES) 219,620 221,833
TOTAL ASSETS LESS CURRENT LIABILITIES 417,341 533,108
Creditors: Amounts Falling Due After More Than One Year 9 (128,523 ) (169,576 )
NET ASSETS 288,818 363,532
CAPITAL AND RESERVES
Called up share capital 100 100
Share premium account 3,542 3,542
Profit and Loss Account 285,176 359,890
SHAREHOLDERS' FUNDS 288,818 363,532
Page 1
Page 2
For the period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Eamon McCusker
Director
28/02/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Chubby Cherub Coffee Co. Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI626967 . The registered office is 38-44 Upper Arthur Street , Belfast, BT1 4GH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estiamted contract costs. 
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation over their estimated useful lives. Amortisation is calculated at 10% Straight Line. 
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Straight Line
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 20% Straight Line
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.7. Stocks and Work in Progress
Inventories have been valued at the lwoer of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion. 
2.8. Government Grant
Government grants in relation to tagible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss. 
3. Average Number of Employees
Average number of employees, including directors, during the period was: 35 (2023: 40)
35 40
Page 3
Page 4
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 June 2023 100,000 5,589 105,589
As at 30 June 2024 100,000 5,589 105,589
Amortisation
As at 1 June 2023 40,000 4,472 44,472
Provided during the period 10,833 1,117 11,950
As at 30 June 2024 50,833 5,589 56,422
Net Book Value
As at 30 June 2024 49,167 - 49,167
As at 1 June 2023 60,000 1,117 61,117
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 June 2023 73,171 84,501 400,627 558,299
Additions - - 20,044 20,044
As at 30 June 2024 73,171 84,501 420,671 578,343
Depreciation
As at 1 June 2023 31,388 9,838 266,915 308,141
Provided during the period 15,569 20,222 85,857 121,648
As at 30 June 2024 46,957 30,060 352,772 429,789
Net Book Value
As at 30 June 2024 26,214 54,441 67,899 148,554
As at 1 June 2023 41,783 74,663 133,712 250,158
6. Stocks
30 June 2024 31 May 2023
£ £
Stock 11,208 12,150
7. Debtors
30 June 2024 31 May 2023
£ £
Due within one year
Amounts owed by group undertakings 437,788 387,922
Other debtors 22,697 21,243
460,485 409,165
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
30 June 2024 31 May 2023
£ £
Net obligations under finance lease and hire purchase contracts 7,821 10,308
Trade creditors 115,395 83,189
Bank loans and overdrafts 30,000 30,000
Amounts owed to group undertakings 166,412 37,710
Other creditors 21,780 118,045
Taxation and social security 82,659 61,735
424,067 340,987
9. Creditors: Amounts Falling Due After More Than One Year
30 June 2024 31 May 2023
£ £
Net obligations under finance lease and hire purchase contracts 46,801 52,140
Bank loans 81,722 117,436
128,523 169,576
10. Obligations Under Finance Leases and Hire Purchase
30 June 2024 31 May 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,821 10,308
Later than one year and not later than five years 46,801 52,140
54,622 62,448
54,622 62,448
Page 5