Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-31true82023-09-01falseNo description of principal activityfalse8trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13552555 2023-09-01 2024-08-31 13552555 2022-09-01 2023-08-31 13552555 2024-08-31 13552555 2023-08-31 13552555 c:Director2 2023-09-01 2024-08-31 13552555 d:PlantMachinery 2023-09-01 2024-08-31 13552555 d:PlantMachinery 2024-08-31 13552555 d:PlantMachinery 2023-08-31 13552555 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 13552555 d:FurnitureFittings 2023-09-01 2024-08-31 13552555 d:FurnitureFittings 2024-08-31 13552555 d:FurnitureFittings 2023-08-31 13552555 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 13552555 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 13552555 d:CurrentFinancialInstruments 2024-08-31 13552555 d:CurrentFinancialInstruments 2023-08-31 13552555 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 13552555 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 13552555 d:ShareCapital 2024-08-31 13552555 d:ShareCapital 2023-08-31 13552555 d:RetainedEarningsAccumulatedLosses 2024-08-31 13552555 d:RetainedEarningsAccumulatedLosses 2023-08-31 13552555 c:FRS102 2023-09-01 2024-08-31 13552555 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 13552555 c:FullAccounts 2023-09-01 2024-08-31 13552555 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 13552555 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number:  13552555














DITTO COFFEE UNION LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


 
DITTO COFFEE UNION LIMITED
REGISTERED NUMBER: 13552555

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
61,206
80,679

  
61,206
80,679

Current assets
  

Debtors: amounts falling due within one year
 5 
19,496
38,067

Cash at bank and in hand
 6 
42,330
6,593

  
61,826
44,660

Creditors: amounts falling due within one year
 7 
(796,477)
(521,203)

Net current liabilities
  
 
 
(734,651)
 
 
(476,543)

Total assets less current liabilities
  
(673,445)
(395,864)

  

Net liabilities
  
(673,445)
(395,864)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(673,447)
(395,866)

  
(673,445)
(395,864)


Page 1

 
DITTO COFFEE UNION LIMITED
REGISTERED NUMBER: 13552555
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
M Parsons
Director

Date: 11 April 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
DITTO COFFEE UNION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

The Company is a private company limited by shares, which is incorporated under the Companies Act
2006 and registered in England & Wales (no. 13552555). The registered office is 29-31 Parliament
Street, Liverpool, England, L8 5RN.
These financial statements present information about the Company as an individual undertaking. The
principal activity of the Company is that of a coffee shop.
The presentation currency of these financial statements is £ sterling; the financial statements are
rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 3

 
DITTO COFFEE UNION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
Fixtures and fittings
-
10%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
DITTO COFFEE UNION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

2024
2023
£
£

Wages and salaries
229,720
160,649

Social security costs
18,132
12,555

Cost of defined contribution scheme
4,327
2,301

252,179
175,505


The average monthly number of employees, including directors, during the year was 8 (2023 - 8).

Page 5

 
DITTO COFFEE UNION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 September 2023
75,251
44,232
119,483



At 31 August 2024

75,251
44,232
119,483



Depreciation


At 1 September 2023
29,958
8,846
38,804


Charge for the year on owned assets
15,050
4,423
19,473



At 31 August 2024

45,008
13,269
58,277



Net book value



At 31 August 2024
30,243
30,963
61,206



At 31 August 2023
45,293
35,386
80,679

Page 6

 
DITTO COFFEE UNION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Debtors

2024
2023
£
£


Other debtors
2
2

Prepayments and accrued income
19,494
38,065

19,496
38,067



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
42,330
6,593

42,330
6,593



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,903
1,222

Other taxation and social security
38,768
-

Other creditors
753,906
519,206

Accruals and deferred income
900
775

796,477
521,203



8.


Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £4,327 (2023 - £2,301). Contributions totalling £nil (2023 - £nil) were payable to the fund at the balance sheet date.

Page 7

 
DITTO COFFEE UNION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

9.


Related party transactions

Included in other debtors and other creditors are the following amounts due from/(to) related parties at the balance sheet date:


2024
2023
£
£

Ditto Ltd
753,906
519,206
753,906
519,206

All three companies are connected companies, as M & L Parsons are directors.
The loans are unsecured, repayable on demand and no interest has been charged.


10.


Controlling party

The Company is under the control of the directors.

 
Page 8