2023-08-012024-07-312024-07-31false06314250THE SQUARE MILE COFFEE ROASTERS LTD2025-04-2510832falseiso4217:GBPxbrli:pure063142502023-08-01063142502024-07-31063142502023-08-012024-07-31063142502022-08-01063142502023-07-31063142502022-08-012023-07-3106314250bus:SmallEntities2023-08-012024-07-3106314250bus:AuditExempt-NoAccountantsReport2023-08-012024-07-3106314250bus:FullAccounts2023-08-012024-07-3106314250bus:PrivateLimitedCompanyLtd2023-08-012024-07-3106314250core:WithinOneYear2024-07-3106314250core:AfterOneYear2024-07-3106314250core:WithinOneYear2023-07-3106314250core:AfterOneYear2023-07-3106314250core:ShareCapital2024-07-3106314250core:SharePremium2024-07-3106314250core:RevaluationReserve2024-07-3106314250core:OtherReservesSubtotal2024-07-3106314250core:RetainedEarningsAccumulatedLosses2024-07-3106314250core:ShareCapital2023-07-3106314250core:SharePremium2023-07-3106314250core:RevaluationReserve2023-07-3106314250core:OtherReservesSubtotal2023-07-3106314250core:RetainedEarningsAccumulatedLosses2023-07-3106314250core:LandBuildings2024-07-3106314250core:PlantMachinery2024-07-3106314250core:Vehicles2024-07-3106314250core:FurnitureFittings2024-07-3106314250core:OfficeEquipment2024-07-3106314250core:NetGoodwill2024-07-3106314250core:IntangibleAssetsOtherThanGoodwill2024-07-3106314250core:ListedExchangeTraded2024-07-3106314250core:UnlistedNon-exchangeTraded2024-07-3106314250core:LandBuildings2023-07-3106314250core:PlantMachinery2023-07-3106314250core:Vehicles2023-07-3106314250core:FurnitureFittings2023-07-3106314250core:OfficeEquipment2023-07-3106314250core:NetGoodwill2023-07-3106314250core:IntangibleAssetsOtherThanGoodwill2023-07-3106314250core:ListedExchangeTraded2023-07-3106314250core:UnlistedNon-exchangeTraded2023-07-3106314250core:LandBuildings2023-08-012024-07-3106314250core:PlantMachinery2023-08-012024-07-3106314250core:Vehicles2023-08-012024-07-3106314250core:FurnitureFittings2023-08-012024-07-3106314250core:OfficeEquipment2023-08-012024-07-3106314250core:NetGoodwill2023-08-012024-07-3106314250core:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3106314250core:ListedExchangeTraded2023-08-012024-07-3106314250core:UnlistedNon-exchangeTraded2023-08-012024-07-3106314250core:MoreThanFiveYears2023-08-012024-07-3106314250core:Non-currentFinancialInstruments2024-07-3106314250core:Non-currentFinancialInstruments2023-07-3106314250dpl:CostSales2023-08-012024-07-3106314250dpl:DistributionCosts2023-08-012024-07-3106314250core:LandBuildings2023-08-012024-07-3106314250core:PlantMachinery2023-08-012024-07-3106314250core:Vehicles2023-08-012024-07-3106314250core:FurnitureFittings2023-08-012024-07-3106314250core:OfficeEquipment2023-08-012024-07-3106314250dpl:AdministrativeExpenses2023-08-012024-07-3106314250core:NetGoodwill2023-08-012024-07-3106314250core:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3106314250dpl:GroupUndertakings2023-08-012024-07-3106314250dpl:ParticipatingInterests2023-08-012024-07-3106314250dpl:GroupUndertakingscore:ListedExchangeTraded2023-08-012024-07-3106314250core:ListedExchangeTraded2023-08-012024-07-3106314250dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-08-012024-07-3106314250core:UnlistedNon-exchangeTraded2023-08-012024-07-3106314250dpl:CostSales2022-08-012023-07-3106314250dpl:DistributionCosts2022-08-012023-07-3106314250core:LandBuildings2022-08-012023-07-3106314250core:PlantMachinery2022-08-012023-07-3106314250core:Vehicles2022-08-012023-07-3106314250core:FurnitureFittings2022-08-012023-07-3106314250core:OfficeEquipment2022-08-012023-07-3106314250dpl:AdministrativeExpenses2022-08-012023-07-3106314250core:NetGoodwill2022-08-012023-07-3106314250core:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3106314250dpl:GroupUndertakings2022-08-012023-07-3106314250dpl:ParticipatingInterests2022-08-012023-07-3106314250dpl:GroupUndertakingscore:ListedExchangeTraded2022-08-012023-07-3106314250core:ListedExchangeTraded2022-08-012023-07-3106314250dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-08-012023-07-3106314250core:UnlistedNon-exchangeTraded2022-08-012023-07-3106314250core:NetGoodwill2024-07-3106314250core:IntangibleAssetsOtherThanGoodwill2024-07-3106314250core:LandBuildings2024-07-3106314250core:PlantMachinery2024-07-3106314250core:Vehicles2024-07-3106314250core:FurnitureFittings2024-07-3106314250core:OfficeEquipment2024-07-3106314250core:AfterOneYear2024-07-3106314250core:WithinOneYear2024-07-3106314250core:ListedExchangeTraded2024-07-3106314250core:UnlistedNon-exchangeTraded2024-07-3106314250core:ShareCapital2024-07-3106314250core:SharePremium2024-07-3106314250core:RevaluationReserve2024-07-3106314250core:OtherReservesSubtotal2024-07-3106314250core:RetainedEarningsAccumulatedLosses2024-07-3106314250core:NetGoodwill2023-07-3106314250core:IntangibleAssetsOtherThanGoodwill2023-07-3106314250core:LandBuildings2023-07-3106314250core:PlantMachinery2023-07-3106314250core:Vehicles2023-07-3106314250core:FurnitureFittings2023-07-3106314250core:OfficeEquipment2023-07-3106314250core:AfterOneYear2023-07-3106314250core:WithinOneYear2023-07-3106314250core:List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THE SQUARE MILE COFFEE ROASTERS LTD

Registered Number
06314250
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

THE SQUARE MILE COFFEE ROASTERS LTD
Company Information
for the year from 1 August 2023 to 31 July 2024

Directors

HOFFMANN, James Alexander
WHITEHEAD, Felicity Elizabeth

Registered Address

2 Europe Way
Cockermouth
CA13 0RJ

Registered Number

06314250 (England and Wales)
THE SQUARE MILE COFFEE ROASTERS LTD
Statement of Financial Position
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets331,90425,515
Tangible assets4900,514699,343
Investments5301,500301,536
1,233,9181,026,394
Current assets
Stocks6789,005915,990
Debtors7749,663489,574
Cash at bank and on hand879,298729,818
2,417,9662,135,382
Creditors amounts falling due within one year8(779,995)(564,933)
Net current assets (liabilities)1,637,9711,570,449
Total assets less current liabilities2,871,8892,596,843
Provisions for liabilities9(122,248)(124,792)
Net assets2,749,6412,472,051
Capital and reserves
Called up share capital191191
Share premium15,91515,915
Profit and loss account2,733,5352,455,945
Shareholders' funds2,749,6412,472,051
The financial statements were approved and authorised for issue by the Board of Directors on 25 April 2025, and are signed on its behalf by:
WHITEHEAD, Felicity Elizabeth
Director
Registered Company No. 06314250
THE SQUARE MILE COFFEE ROASTERS LTD
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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/or 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.
Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
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.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Amortisation
Intangible assets are not permitted to have an indefinite life and must be amortised over their estimated useful life. The estimated useful life of the website has been set at 5 years and the asset will be amortised on a [basis] over that period.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. 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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-10
Plant and machinery15-
Fixtures and fittings15-
Vehicles20-
Office Equipment15-
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement. Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other 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.
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20242023
Average number of employees during the year3939
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 August 2391,49691,496
Additions24,00024,000
At 31 July 24115,496115,496
Amortisation and impairment
At 01 August 2365,98165,981
Charge for year17,61117,611
At 31 July 2483,59283,592
Net book value
At 31 July 2431,90431,904
At 31 July 2325,51525,515
4.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

££££££
Cost or valuation
At 01 August 23605,299686,16391,5959,81532,9971,425,869
Additions254,19450,41974019,0936,102330,548
Disposals(982)(15,398)---(16,380)
At 31 July 24858,511721,18492,33528,90839,0991,740,037
Depreciation and impairment
At 01 August 23359,242321,56333,5542,3499,818726,526
Charge for year61,50142,20711,9783,9844,392124,062
On disposals-(11,065)---(11,065)
At 31 July 24420,743352,70545,5326,33314,210839,523
Net book value
At 31 July 24437,768368,47946,80322,57524,889900,514
At 31 July 23246,057364,60058,0417,46623,179699,343
5.Fixed asset investments
Fixed asset investments relate to shares held in subsidiaries

Investments in groups1

Total

££
Cost or valuation
At 01 August 23301,536301,536
Disposals(36)(36)
At 31 July 24301,500301,500
Net book value
At 31 July 24301,500301,500
At 31 July 23301,536301,536

Notes

1Investments in group undertakings and participating interests
6.Stocks

2024

2023

££
Other stocks789,005915,990
Total789,005915,990
7.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables257,775184,052
Other debtors181,370146,869
Prepayments and accrued income310,518158,653
Total749,663489,574
8.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables659,328415,162
Bank borrowings and overdrafts48,64961,380
Taxation and social security32,00164,390
Other creditors119119
Accrued liabilities and deferred income39,89823,882
Total779,995564,933
9.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)122,248124,792
Total122,248124,792
10.Related party transactions
During the year the director had a loan account with the company. At the balance sheet date the company owed the director £39,284 (PYR - £60,890), This loan is unsecured, interest free and repayable upon demand. During the year the second director had a loan account with the company. At the balance sheet date the company owed the director £9,365 (PYR - Nil), This loan is unsecured, interest free and repayable upon demand. During the year the subsidiary had a loan account with the company. At the balance sheet date the subsidiary owed the company £94,711 (PYR - £93,565), This loan is unsecured, interest free and repayable upon demand.