Silverfin false false 31/05/2024 01/06/2023 31/05/2024 Mr D E Dickinson 30/09/2014 27 February 2025 The principal activity of the Company during the financial year continued to be that of production of coffee and coffee substitutes. 09042997 2024-05-31 09042997 bus:Director1 2024-05-31 09042997 2023-05-31 09042997 core:CurrentFinancialInstruments 2024-05-31 09042997 core:CurrentFinancialInstruments 2023-05-31 09042997 core:Non-currentFinancialInstruments 2024-05-31 09042997 core:Non-currentFinancialInstruments 2023-05-31 09042997 core:ShareCapital 2024-05-31 09042997 core:ShareCapital 2023-05-31 09042997 core:RetainedEarningsAccumulatedLosses 2024-05-31 09042997 core:RetainedEarningsAccumulatedLosses 2023-05-31 09042997 core:LeaseholdImprovements 2023-05-31 09042997 core:PlantMachinery 2023-05-31 09042997 core:FurnitureFittings 2023-05-31 09042997 core:LeaseholdImprovements 2024-05-31 09042997 core:PlantMachinery 2024-05-31 09042997 core:FurnitureFittings 2024-05-31 09042997 bus:OrdinaryShareClass1 2024-05-31 09042997 2023-06-01 2024-05-31 09042997 bus:FilletedAccounts 2023-06-01 2024-05-31 09042997 bus:SmallEntities 2023-06-01 2024-05-31 09042997 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 09042997 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09042997 bus:Director1 2023-06-01 2024-05-31 09042997 core:LeaseholdImprovements core:TopRangeValue 2023-06-01 2024-05-31 09042997 core:PlantMachinery core:BottomRangeValue 2023-06-01 2024-05-31 09042997 core:PlantMachinery core:TopRangeValue 2023-06-01 2024-05-31 09042997 core:FurnitureFittings core:TopRangeValue 2023-06-01 2024-05-31 09042997 2022-06-01 2023-05-31 09042997 core:LeaseholdImprovements 2023-06-01 2024-05-31 09042997 core:PlantMachinery 2023-06-01 2024-05-31 09042997 core:FurnitureFittings 2023-06-01 2024-05-31 09042997 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 09042997 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09042997 (England and Wales)

GROUND COFFEE ROASTERS LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH THE REGISTRAR

GROUND COFFEE ROASTERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024

Contents

GROUND COFFEE ROASTERS LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
GROUND COFFEE ROASTERS LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
DIRECTOR Mr D E Dickinson
REGISTERED OFFICE The Shed
Bicester Park
Charbridge Lane
Bicester
Oxfordshire
OX26 4SS
United Kingdom
COMPANY NUMBER 09042997 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
264 Banbury Road
Oxford
OX2 7DY
United Kingdom
GROUND COFFEE ROASTERS LIMITED

BALANCE SHEET

AS AT 31 MAY 2024
GROUND COFFEE ROASTERS LIMITED

BALANCE SHEET (continued)

AS AT 31 MAY 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 96,765 54,701
96,765 54,701
Current assets
Stocks 10,778 7,768
Debtors 4 135,136 142,272
Cash at bank and in hand 31,195 4,946
177,109 154,986
Creditors: amounts falling due within one year 5 ( 298,925) ( 214,212)
Net current liabilities (121,816) (59,226)
Total assets less current liabilities (25,051) (4,525)
Creditors: amounts falling due after more than one year 6 ( 94,707) ( 123,874)
Net liabilities ( 119,758) ( 128,399)
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account ( 119,858 ) ( 128,499 )
Total shareholder's deficit ( 119,758) ( 128,399)

For the financial 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.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Ground Coffee Roasters Limited (registered number: 09042997) were approved and authorised for issue by the Director on 27 February 2025. They were signed on its behalf by:

Mr D E Dickinson
Director
GROUND COFFEE ROASTERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
GROUND COFFEE ROASTERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Ground Coffee Roasters Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Shed, Bicester Park, Charbridge Lane, Bicester, Oxfordshire, OX26 4SS, London, United Kingdom.

The principal activities are set out in the Director’s Report.

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 (FRS 102) applicable in the UK and Republic of Ireland issued by the Financial Reporting Council and the requirements of the Companies Act 2006.

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

Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Foreign currency

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
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 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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements 3 years straight line
Plant and machinery 4 - 12 years straight line
Fixtures and fittings 4 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

The policy under which the assets are depreciated changed this year from the use of a reducing balance policy to that of a straight line policy as the directors of the company believes this better reflects the values of these assets.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

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

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 6 3

3. Tangible assets

Leasehold improve-
ments
Plant and machinery Fixtures and fittings Total
£ £ £ £
Cost
At 01 June 2023 10,408 101,549 7,169 119,126
Additions 0 63,289 0 63,289
At 31 May 2024 10,408 164,838 7,169 182,415
Accumulated depreciation
At 01 June 2023 10,408 48,864 5,153 64,425
Charge for the financial year 0 20,302 923 21,225
At 31 May 2024 10,408 69,166 6,076 85,650
Net book value
At 31 May 2024 0 95,672 1,093 96,765
At 31 May 2023 0 52,685 2,016 54,701

4. Debtors

2024 2023
£ £
Trade debtors 50,549 94,273
Deferred tax asset 10,043 11,020
Corporation tax 10,179 7,475
Other debtors 64,365 29,504
135,136 142,272

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 36,606 10,000
Trade creditors 105,120 66,843
Taxation and social security 101,870 75,495
Other creditors 55,329 61,874
298,925 214,212

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 94,707 123,874

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 ordinary shares of £ 1.00 each 100 100

8. Related party transactions

During the year, the director repaid funds totalling £45,490 (2023: £24,139) and withdrew £52,922 (2023: £44,320). Loan interest of £582 (2023: £239) was charged at the official rate of interest of 2.25%. At the balance sheet date, the director owed £30,161 (2023: £22,147) to the company.