Registered number
10297931
Roca Coffee Ltd
Filleted Accounts
31 July 2024
Roca Coffee Ltd
Registered number: 10297931
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 1,284 1,926
Tangible assets 4 17,120 19,203
18,404 21,129
Current assets
Stocks 2,117 2,244
Debtors 5 1,552 -
Cash at bank and in hand 6,001 5,396
9,670 7,640
Creditors: amounts falling due within one year 6 (88,487) (54,317)
Net current liabilities (78,817) (46,677)
Total assets less current liabilities (60,413) (25,548)
Creditors: amounts falling due after more than one year 7 (14,733) (16,414)
Net liabilities (75,146) (41,962)
Capital and reserves
Called up share capital 100 100
Profit and loss account (75,246) (42,062)
Shareholders' funds (75,146) (41,962)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T. Akcil
Director
Approved by the board on 5 April 2025
Roca Coffee Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
The accounts have been prepared on a going concern basis on the ground that the director will inject the necessary as and when required.
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 4
3 Intangible fixed assets £ £
Goodwill:
Cost
At 1 August 2023 6,420 6,420
At 31 July 2024 6,420 6,420
Amortisation
At 1 August 2023 4,494 4,494
Provided during the year 642 642
At 31 July 2024 5,136 5,136
Net book value
At 31 July 2024 1,284 1,284
At 31 July 2023 1,926 1,926
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total Total
£ £ £ £
Cost
At 1 August 2023 15,536 27,301 42,837 42,837
Additions - 625 625 625
At 31 July 2024 15,536 27,926 43,462 43,462
Depreciation
At 1 August 2023 8,152 15,482 23,634 23,634
Charge for the year 1,553 1,155 2,708 2,708
At 31 July 2024 9,705 16,637 26,342 26,342
Net book value
At 31 July 2024 5,831 11,289 17,120 17,120
At 31 July 2023 7,384 11,819 19,203 19,203
5 Debtors 2024 2023
£ £
Trade debtors 1,552 -
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 8,436 8,436
Trade creditors 3,228 3,355
Taxation and social security costs 3,473 1,996
Other creditors 73,350 40,530
88,487 54,317
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 14,733 16,414
The Bounce Back loan is unsecured and carries interest at 3.5% per annum repayable over 5 years.
8 Other information
Roca Coffee Ltd is a private company limited by shares and incorporated in England. Its registered office is:
188 Grange Road
Bermondsey
London
SE1 3AA
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