Company Registration No. 09380884 (England and Wales)
BRAZIER COFFEE ROASTERS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
BRAZIER COFFEE ROASTERS LIMITED
COMPANY INFORMATION
Directors
Mr T D Brazier
Ms C Kloeden
Company number
09380884
Registered office
Unit 10 Tonedale Mill Business Park
Wellington
Somerset
TA21 0AW
Accountants
Apsleys Chartered Accountants
21 Bampton Street
Tiverton
Devon
EX16 6AA
BRAZIER COFFEE ROASTERS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 9
BRAZIER COFFEE ROASTERS LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
4
7,777
Tangible assets
5
152,466
151,601
Investments
6
3,764
164,007
151,601
Current assets
Stocks
62,335
61,895
Debtors
7
81,285
61,189
Cash at bank and in hand
52,697
47,447
196,317
170,531
Creditors: amounts falling due within one year
8
(201,518)
(162,590)
Net current (liabilities)/assets
(5,201)
7,941
Total assets less current liabilities
158,806
159,542
Creditors: amounts falling due after more than one year
9
(109,139)
(107,031)
Provisions for liabilities
(27,236)
(26,842)
Net assets
22,431
25,669
Capital and reserves
Called up share capital
10
20,000
20,000
Revaluation reserve
11
2,401
5,641
Profit and loss reserves
30
28
Total equity
22,431
25,669
BRAZIER COFFEE ROASTERS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2025
31 January 2025
- 2 -
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the board of directors and authorised for issue on 13 May 2025 and are signed on its behalf by:
Mr T D Brazier
Director
Company Registration No. 09380884
BRAZIER COFFEE ROASTERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 3 -
1
Accounting policies
Company information
Brazier Coffee Roasters Limited is a private company limited by shares incorporated in England and Wales within the United Kingdom.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
1.2
Turnover
Turnover represents the total invoice value, excluding value added tax, of goods sold in the year.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
1.3
Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date if the fair value can be measured reliably.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Website costs
No amortisation untill complete
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses, with the exception of Roasters which are subsequently measured at fair value at the reporting end date.
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Property improvements
10 Years straight line
Fixtures, fittings & equipment
Straight line or 10% reducing balance
Computer equipment
3 Years straight line
Motor vehicles
25% Reducing balance
Roasters
20 Years straight line
BRAZIER COFFEE ROASTERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Fixed asset investments
Interests in participating interests are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
1.6
Stocks
Stocks are stated at the lower of cost and net realisable value.
1.7
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.
1.8
Taxation
Deferred tax
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.
1.9
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the profit and loss account on a straight line basis over the life of the lease.
Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.
Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 20 (2024 - 17).
3
Other gains/(losses)
2025
2024
£
£
Fair value gains/(losses)
Change in fair value of Roasters
(4,000)
6,964
BRAZIER COFFEE ROASTERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 5 -
4
Intangible fixed assets
Website Costs
£
Cost
At 1 February 2024
Additions
7,777
At 31 January 2025
7,777
Amortisation and impairment
At 1 February 2024 and 31 January 2025
Carrying amount
At 31 January 2025
7,777
At 31 January 2024
BRAZIER COFFEE ROASTERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 6 -
5
Tangible fixed assets
Property improvements
Fixtures, fittings & equipment
Computer equipment
Motor vehicles
Roasters
Total
£
£
£
£
£
£
Cost or valuation
At 1 February 2024
22,791
154,047
5,188
11,442
39,000
232,468
Additions
570
11,966
762
13,189
26,487
Disposals
(4,000)
(4,000)
Revaluation
(4,000)
(4,000)
At 31 January 2025
23,361
166,013
5,950
20,631
35,000
250,955
Depreciation and impairment
At 1 February 2024
62,969
4,628
9,723
77,320
Depreciation charged in the year
5,798
14,595
749
3,626
24,768
Eliminated in respect of disposals
(3,599)
(3,599)
At 31 January 2025
5,798
77,564
5,377
9,750
98,489
Carrying amount
At 31 January 2025
17,563
88,449
573
10,881
35,000
152,466
At 31 January 2024
19,244
91,078
560
1,719
39,000
151,601
BRAZIER COFFEE ROASTERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
5
Tangible fixed assets
(Continued)
- 7 -
Roasters with a carrying amount of £16,299 were revalued by the directors as at 31 January 2024 to £39,000, based on market research.
If revalued assets were stated on an historical cost basis rather than a fair value basis, the total amounts included would have been as follows:
2025
2024
£
£
Cost
-
32,036
Accumulated depreciation
-
15,737
Carrying value
-
16,299
6
Fixed asset investments
2025
2024
£
£
Investments
3,764
-
Movements in fixed asset investments
Shares in group undertakings and participating interests
£
Cost or valuation
At 1 February 2024
-
Additions
3,764
At 31 January 2025
3,764
Carrying amount
At 31 January 2025
3,764
At 31 January 2024
-
BRAZIER COFFEE ROASTERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 8 -
7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
68,827
42,074
Other debtors
7,114
12,537
Prepayments and accrued income
5,344
6,578
81,285
61,189
8
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
54,145
76,112
Obligations under finance leases
6,930
Trade creditors
94,060
57,063
Corporation tax
21,879
13,167
Other taxation and social security
18,553
11,154
Other creditors
3,151
2,794
Accruals and deferred income
2,800
2,300
201,518
162,590
9
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
107,859
107,031
Obligations under finance leases
1,280
109,139
107,031
10
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
2 Ordinary shares of £10000 each
20,000
20,000
11
Revaluation reserve
2025
2024
£
£
At beginning of year
5,641
-
Revaluation surplus arising in the year
(3,240)
5,641
At end of year
2,401
5,641
BRAZIER COFFEE ROASTERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 9 -
12
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Mr T D Brazier -
-
6,019
3,307
(6,019)
3,307
Ms C Kloeden -
-
6,018
3,307
(6,018)
3,307
12,037
6,614
(12,037)
6,614
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