REGISTERED NUMBER: SC459884 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 September 2024

for

The Coffee Apothecary Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs A M Aspden

Mr J M Aspden

REGISTERED OFFICE:

The Coffee Apothecary

Udny

Ellon

Aberdeenshire

AB41 7PQ

REGISTERED NUMBER:

SC459884 (Scotland)

ACCOUNTANTS:

SBP

Accountants

42 Queens Road

Aberdeen

AB15 4YE

FIXED ASSETS

Tangible assets

4

525,088

548,824

CURRENT ASSETS

Stocks

28,000

17,210

Debtors

5

6,159

5,695

Cash at bank and in hand

4,387

7,590

38,546

30,495

CREDITORS

Amounts falling due within one year

6

479,166

405,747

NET CURRENT LIABILITIES

(440,620

)

(375,252

)

TOTAL ASSETS LESS CURRENT LIABILITIES

84,468

173,572

CREDITORS

Amounts falling due after more than one year

7

104,088

127,845

NET (LIABILITIES)/ASSETS

(19,620

)

45,727

CAPITAL AND RESERVES

Called up share capital

113

113

Share premium

188,992

188,992

Retained earnings

(208,725

)

(143,378

)

SHAREHOLDERS' FUNDS

(19,620

)

45,727

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 Statement of Income and Retained Earnings has not been delivered.

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

Mr J M Aspden - Director

Mrs A M Aspden - Director

1.	STATUTORY INFORMATION

The Coffee Apothecary Ltd is a private company, limited by shares , registered in Scotland. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Improvements to property

-

2% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% 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 Statement of Income and Retained Earnings, 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.

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.

Going concern

The directors have considered the company's financial position and are satisfied that it is appropriate to prepare the accounts on a going concern basis. The directors have confirmed they will continue to support the company for the foreseeable future from the date of approval of these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 35 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

Plant and

and

property

property

machinery

fittings

Totals

£

£

£

£

£

COST

At 1 October 2023

283,250

68,938

325,308

3,925

681,421

Additions

-

-

1,986

-

1,986

Disposals

-

-

(670

)

-

(670

)

At 30 September 2024

283,250

68,938

326,624

3,925

682,737

DEPRECIATION

At 1 October 2023

50,985

11,047

66,640

3,925

132,597

Charge for year

5,665

1,379

18,016

-

25,060

Eliminated on disposal

-

-

(8

)

-

(8

)

At 30 September 2024

56,650

12,426

84,648

3,925

157,649

NET BOOK VALUE

At 30 September 2024

226,600

56,512

241,976

-

525,088

At 30 September 2023

232,265

57,891

258,668

-

548,824

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade debtors

3,648

2,953

Other debtors

2,511

2,742

6,159

5,695

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans and overdrafts

22,833

22,833

Trade creditors

23,217

16,226

Taxation and social security

19,678

10,702

Other creditors

413,438

355,986

479,166

405,747

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans

92,227

113,921

Other creditors

11,861

13,924

104,088

127,845

8.	SECURED DEBTS

The company has granted a charge over the subjects known as Udny Post Office, Pitmedden, Ellon, Aberdeenshire, AB41 7PQ, in favour of Tridos Bank N.V.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24

30.9.23

£

£

Mrs A M Aspden and Mr J M Aspden

Balance outstanding at start of year

(309,380

)

(232,211

)

Amounts advanced

2,545

-

Amounts repaid

(62,963

)

(77,169

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(369,798

)

(309,380

)

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr J Aspden and Mrs A Aspden by virtue of each owning 44% of the total capital.