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Registered number: 08943086
My Coffee and Company (Cheltenham) Limited
Financial Statements
For The Year Ended 31 March 2025
DJ Coulter & Associates Limited
Chartered Certified Accountants
Wellesley House
7 Clarence Parade
Cheltenham
GL50 3NY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08943086
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 45,850 52,400
Tangible Assets 5 34,179 28,489
80,029 80,889
CURRENT ASSETS
Stocks 6 6,670 5,129
Debtors 7 7,318 7,078
Cash at bank and in hand 39,610 47,206
53,598 59,413
Creditors: Amounts Falling Due Within One Year 8 (120,087 ) (120,834 )
NET CURRENT ASSETS (LIABILITIES) (66,489 ) (61,421 )
TOTAL ASSETS LESS CURRENT LIABILITIES 13,540 19,468
Creditors: Amounts Falling Due After More Than One Year 9 (14,360 ) (19,391 )
NET (LIABILITIES)/ASSETS (820 ) 77
CAPITAL AND RESERVES
Called up share capital 10 3 3
Profit and Loss Account (823 ) 74
SHAREHOLDERS' FUNDS (820) 77
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For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Andrew Coulter
Director
9th May 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
My Coffee and Company (Cheltenham) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08943086 . The registered office is Wellesley House, 7 Clarence Parade, Cheltenham, GL50 3NY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold straight line over ther remaining lease term
Plant & Machinery 20% reducing balance
2.5. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2024: 6)
9 6
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 65,500
As at 31 March 2025 65,500
Amortisation
As at 1 April 2024 13,100
Provided during the period 6,550
As at 31 March 2025 19,650
Net Book Value
As at 31 March 2025 45,850
As at 1 April 2024 52,400
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 April 2024 33,972 18,198 52,170
Additions - 13,907 13,907
Disposals - (1,648 ) (1,648 )
As at 31 March 2025 33,972 30,457 64,429
Depreciation
As at 1 April 2024 13,549 10,132 23,681
Provided during the period 3,405 4,277 7,682
Disposals - (1,113 ) (1,113 )
As at 31 March 2025 16,954 13,296 30,250
Net Book Value
As at 31 March 2025 17,018 17,161 34,179
As at 1 April 2024 20,423 8,066 28,489
6. Stocks
2025 2024
£ £
Materials 6,670 5,129
7. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 7,318 7,078
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 22,425 6,893
Bank loans and overdrafts 6,640 5,953
Corporation tax 6,102 8,098
Other taxes and social security 1,209 2,572
VAT 7,667 10,076
Net wages 1,619 1,445
Accruals and deferred income 322 334
Directors' loan accounts 74,103 85,463
120,087 120,834
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 14,360 19,391
10. Share Capital
2025 2024
Allotted, called up and fully paid £ £
3 Ordinary Shares of £ 1 each 3 3
11. Directors Advances, Credits and Guarantees
Dividends paid to directors
2025 2024
£ £
Mr Andrew Coulter 32,600 29,840
12. Dividends
2025 2024
£ £
On equity shares:
Final dividend paid 32,600 21,840
13. Ultimate Controlling Party
The company's ultimate controlling party is Andrew Coulter by virtue of his ownership of 100% of the issued share capital in the company.
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