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Registered number: SC598837
Coffee Connections Limited
Financial Statements
For The Year Ended 31 May 2024
Khokhar McAdam Ltd
Chartered Accountants
1 Eagle Street
Glasgow
G4 9XA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC598837
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 55,972 72,740
55,972 72,740
CURRENT ASSETS
Stocks 5 6,987 6,134
Debtors 6 11,045 37,728
Cash at bank and in hand 11,326 35,923
29,358 79,785
Creditors: Amounts Falling Due Within One Year 7 (152,635 ) (147,886 )
NET CURRENT ASSETS (LIABILITIES) (123,277 ) (68,101 )
TOTAL ASSETS LESS CURRENT LIABILITIES (67,305 ) 4,639
Creditors: Amounts Falling Due After More Than One Year 8 (31,146 ) (33,986 )
NET LIABILITIES (98,451 ) (29,347 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (98,551 ) (29,447 )
SHAREHOLDERS' FUNDS (98,451) (29,347)
Page 1
Page 2
For the year ending 31 May 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 her 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
Mrs Rhurshaid Bibi
Director
24 March 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
Coffee Connections Limited is a private company, limited by shares, incorporated in Scotland, registered number SC598837 . The registered office is 72 Ingram Street, Glasgow, G1 1EX.
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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Rendering of services
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 estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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% RBM
Fixtures & Fittings 25% RBM
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.
3. Average Number of Employees
13Average number of employees, including directors, during the year was: 13 (2023: 13)
13 13
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 June 2023 32,493 64,632 97,125
Additions 1,390 500 1,890
As at 31 May 2024 33,883 65,132 99,015
Depreciation
As at 1 June 2023 10,561 13,824 24,385
Provided during the period 5,831 12,827 18,658
As at 31 May 2024 16,392 26,651 43,043
Net Book Value
As at 31 May 2024 17,491 38,481 55,972
As at 1 June 2023 21,932 50,808 72,740
5. Stocks
2024 2023
£ £
Finished goods 6,987 6,134
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 10,395 11,334
Other debtors 650 26,394
11,045 37,728
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 75,531 26,876
Bank loans and overdrafts 12,300 12,300
Other creditors 44,338 73,136
Taxation and social security 20,466 35,574
152,635 147,886
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 31,146 33,986
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5