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REGISTERED NUMBER: 11970954 (England and Wales)













CORNER COFFEE UNION LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






CORNER COFFEE UNION LTD (REGISTERED NUMBER: 11970954)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CORNER COFFEE UNION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: C C A Frame
L J McDonald





REGISTERED OFFICE: 5 Adrian Close
Porthcawl
CF36 3LX





REGISTERED NUMBER: 11970954 (England and Wales)





ACCOUNTANTS: Carr, Jenkins & Hood
3 New Mill Court
Enterprise Park
Swansea
SA7 9FG

CORNER COFFEE UNION LTD (REGISTERED NUMBER: 11970954)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,967 11,267
Tangible assets 5 78,449 46,000
88,416 57,267

CURRENT ASSETS
Stocks 5,750 2,750
Debtors 6 16,729 13,711
Cash at bank and in hand 83,881 60,243
106,360 76,704
CREDITORS
Amounts falling due within one year 7 99,560 55,225
NET CURRENT ASSETS 6,800 21,479
TOTAL ASSETS LESS CURRENT LIABILITIES 95,216 78,746

CREDITORS
Amounts falling due after more than one
year

8

(57,000

)

(57,000

)

PROVISIONS FOR LIABILITIES (8,740 ) (8,740 )
NET ASSETS 29,476 13,006

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 29,474 13,004
29,476 13,006

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

CORNER COFFEE UNION LTD (REGISTERED NUMBER: 11970954)

BALANCE SHEET - continued
31 JULY 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 April 2025 and were signed on its behalf by:




C C A Frame - Director



L J McDonald - Director


CORNER COFFEE UNION LTD (REGISTERED NUMBER: 11970954)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Corner Coffee Union Ltd 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of four years.
Goodwill, being the amount paid in connection with the acquisition of a business in April 2022, is being amortised over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 15% on cost
Computer equipment - 20% 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 Income Statement, 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.


CORNER COFFEE UNION LTD (REGISTERED NUMBER: 11970954)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 28,800
AMORTISATION
At 1 August 2023 17,533
Charge for year 1,300
At 31 July 2024 18,833
NET BOOK VALUE
At 31 July 2024 9,967
At 31 July 2023 11,267

CORNER COFFEE UNION LTD (REGISTERED NUMBER: 11970954)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2023 5,773 59,324 5,976 71,073
Additions 450 45,197 1,672 47,319
At 31 July 2024 6,223 104,521 7,648 118,392
DEPRECIATION
At 1 August 2023 2,986 19,594 2,493 25,073
Charge for year 1,177 12,287 1,406 14,870
At 31 July 2024 4,163 31,881 3,899 39,943
NET BOOK VALUE
At 31 July 2024 2,060 72,640 3,749 78,449
At 31 July 2023 2,787 39,730 3,483 46,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 16,729 13,711

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,822 3,559
Taxation and social security 67,105 38,787
Other creditors 28,633 12,879
99,560 55,225

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 57,000 57,000