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REGISTERED NUMBER: 13640669 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Cullercoats Coffee Group Limited

Cullercoats Coffee Group Limited (Registered number: 13640669)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Cullercoats Coffee Group Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: P M Stonebanks
Mrs J S Stonebanks
C Stonebanks





REGISTERED OFFICE: The Old Vicarage
Preston Road
North Shields
Tyne and Wear
NE29 9PJ





REGISTERED NUMBER: 13640669 (England and Wales)





ACCOUNTANTS: Essell Accountants Limited
29 Howard Street
North Shields
Tyne and Wear
NE30 1AR

Cullercoats Coffee Group Limited (Registered number: 13640669)

Report of the Directors
for the Year Ended 31 December 2024

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of a coffee shop

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

P M Stonebanks
Mrs J S Stonebanks
C Stonebanks

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





P M Stonebanks - Director


9 May 2025

Cullercoats Coffee Group Limited (Registered number: 13640669)

Income Statement
for the Year Ended 31 December 2024

31/12/24 31/12/23
Notes £    £   

TURNOVER 543,331 760,232

Cost of sales 143,997 234,150
GROSS PROFIT 399,334 526,082

Administrative expenses 409,545 650,481
OPERATING LOSS 4 (10,211 ) (124,399 )


Interest payable and similar expenses 2,644 2,322
LOSS BEFORE TAXATION (12,855 ) (126,721 )

Tax on loss - -
LOSS FOR THE FINANCIAL YEAR (12,855 ) (126,721 )

Cullercoats Coffee Group Limited (Registered number: 13640669)

Balance Sheet
31 December 2024

31/12/24 31/12/23
Notes £    £    £   
FIXED ASSETS
Intangible assets 5 72,453 113,853
Tangible assets 6 713,084 739,738
785,537 853,591

CURRENT ASSETS
Stocks 14,850 14,850
Debtors 7 1,871 13,760
Cash in hand 1,775 1,775
18,496 30,385
CREDITORS
Amounts falling due within one year 8 1,164,587 1,231,675
NET CURRENT LIABILITIES (1,146,091 ) (1,201,290 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(360,554

)

(347,699

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (360,654 ) (347,799 )
(360,554 ) (347,699 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 9 May 2025 and were signed on its behalf by:




P M Stonebanks - Director


Cullercoats Coffee Group Limited (Registered number: 13640669)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Cullercoats Coffee Group Limited is a private company, limited by shares , registered in England and Wales. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

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 Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Cullercoats Coffee Group Limited (Registered number: 13640669)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

4. OPERATING LOSS

The operating loss is stated after charging:

31/12/24 31/12/23
£    £   
Depreciation - owned assets 38,634 43,749
Goodwill amortisation 41,400 41,400

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 207,003
AMORTISATION
At 1 January 2024 93,150
Charge for year 41,400
At 31 December 2024 134,550
NET BOOK VALUE
At 31 December 2024 72,453
At 31 December 2023 113,853

Cullercoats Coffee Group Limited (Registered number: 13640669)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 235,586 566,743 802,329
Additions - 11,980 11,980
At 31 December 2024 235,586 578,723 814,309
DEPRECIATION
At 1 January 2024 - 62,591 62,591
Charge for year - 38,634 38,634
At 31 December 2024 - 101,225 101,225
NET BOOK VALUE
At 31 December 2024 235,586 477,498 713,084
At 31 December 2023 235,586 504,152 739,738

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors 1,320 12,266
Other debtors 551 1,494
1,871 13,760

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Bank loans and overdrafts 5,934 16,406
Trade creditors 31,009 63,608
Amounts owed to associates 82,726 89,415
Taxation and social security 17,150 35,658
Other creditors 1,027,768 1,026,588
1,164,587 1,231,675