Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 April 2023 false 1 January 2024 31 December 2024 31 December 2024 09460193 Mr Simon Hills Mrs Helena Hills Mr Paul Baines Mr Alan Dykes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09460193 2023-12-31 09460193 2024-12-31 09460193 2024-01-01 2024-12-31 09460193 frs-core:CurrentFinancialInstruments 2024-12-31 09460193 frs-core:Non-currentFinancialInstruments 2024-12-31 09460193 frs-core:BetweenOneFiveYears 2024-12-31 09460193 frs-core:ComputerEquipment 2024-12-31 09460193 frs-core:ComputerEquipment 2024-01-01 2024-12-31 09460193 frs-core:ComputerEquipment 2023-12-31 09460193 frs-core:MotorVehicles 2024-12-31 09460193 frs-core:MotorVehicles 2024-01-01 2024-12-31 09460193 frs-core:MotorVehicles 2023-12-31 09460193 frs-core:PlantMachinery 2024-12-31 09460193 frs-core:PlantMachinery 2024-01-01 2024-12-31 09460193 frs-core:PlantMachinery 2023-12-31 09460193 frs-core:WithinOneYear 2024-12-31 09460193 frs-core:SharePremium 2024-12-31 09460193 frs-core:ShareCapital 2024-12-31 09460193 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09460193 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09460193 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 09460193 frs-bus:SmallEntities 2024-01-01 2024-12-31 09460193 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09460193 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09460193 frs-core:UnlistedNon-exchangeTraded 2024-12-31 09460193 frs-core:UnlistedNon-exchangeTraded 2023-12-31 09460193 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 09460193 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 09460193 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 09460193 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 09460193 frs-bus:Director1 2024-01-01 2024-12-31 09460193 frs-bus:Director2 2024-01-01 2024-12-31 09460193 frs-bus:Director3 2024-01-01 2024-12-31 09460193 frs-bus:Director4 2024-01-01 2024-12-31 09460193 frs-countries:EnglandWales 2024-01-01 2024-12-31 09460193 2023-03-31 09460193 2023-12-31 09460193 2023-04-01 2023-12-31 09460193 frs-core:CurrentFinancialInstruments 2023-12-31 09460193 frs-core:Non-currentFinancialInstruments 2023-12-31 09460193 frs-core:BetweenOneFiveYears 2023-12-31 09460193 frs-core:WithinOneYear 2023-12-31 09460193 frs-core:SharePremium 2023-12-31 09460193 frs-core:ShareCapital 2023-12-31 09460193 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 09460193
Truestart Coffee Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09460193
31 December 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,687 20,781
Investments 5 30 30
15,717 20,811
CURRENT ASSETS
Stocks 6 741,487 235,342
Debtors 7 239,691 52,063
Cash at bank and in hand 157,282 2,212
1,138,460 289,617
Creditors: Amounts Falling Due Within One Year 8 (738,217 ) (191,561 )
NET CURRENT ASSETS (LIABILITIES) 400,243 98,056
TOTAL ASSETS LESS CURRENT LIABILITIES 415,960 118,867
Creditors: Amounts Falling Due After More Than One Year 9 (185,892 ) (118,640 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,921 ) -
NET ASSETS 226,147 227
CAPITAL AND RESERVES
Called up share capital 11 299 270
Share premium account 1,013,460 739,864
Profit and Loss Account (787,612 ) (739,907 )
SHAREHOLDERS' FUNDS 226,147 227
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For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Simon Hills
Director
18 March 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Truestart Coffee Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09460193 . The registered office is Runway East, 1 Victoria Street, Bristol , BS1 6AA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
These financial statements are presented in pound sterling which is the functional currency of the company.
The comparative figures represent a period of 9 months and are therefore not entirely comparable to the current 12 month period.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. 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 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Financial Instruments
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially measured at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 5)
7 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 5,976 21,667 8,501 36,144
As at 31 December 2024 5,976 21,667 8,501 36,144
Depreciation
As at 1 January 2024 3,432 6,997 4,934 15,363
Provided during the period 535 3,667 892 5,094
As at 31 December 2024 3,967 10,664 5,826 20,457
Net Book Value
As at 31 December 2024 2,009 11,003 2,675 15,687
As at 1 January 2024 2,544 14,670 3,567 20,781
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5. Investments
Unlisted
£
Cost
As at 1 January 2024 30
As at 31 December 2024 30
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 30
As at 1 January 2024 30
6. Stocks
31 December 2024 31 December 2023
£ £
Finished goods 741,487 235,342
7. Debtors
31 December 2024 31 December 2023
£ £
Due within one year
Trade debtors 224,317 50,037
Other debtors 15,374 2,026
239,691 52,063
8. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Trade creditors 643,373 93,796
Bank loans and overdrafts 52,541 59,172
Other creditors 27,466 5,540
Taxation and social security 14,837 33,053
738,217 191,561
9. Creditors: Amounts Falling Due After More Than One Year
31 December 2024 31 December 2023
£ £
Bank loans 185,892 118,640
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10. Secured Creditors
Of the creditors the following amounts are secured against the assets of the company.
31 December 2024 31 December 2023
£ £
Bank loans and overdrafts 139,792 -
11. Share Capital
31 December 2024 31 December 2023
£ £
Allotted, Called up and fully paid 299 270
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
31 December 2024 31 December 2023
£ £
Not later than one year 30,000 -
Later than one year and not later than five years 60,000 -
90,000 -
13. Pension Commitments
The company operates a defined contribution pension scheme for its employees The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £787 (2023 - £387) were due to the fund. They are included in Other Creditors.
14. Transition to FRS 102
This is the first year in which the financial statements have been prepared under FRS102 Section 1A and no changes have been necessary to the comparatives.
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