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REGISTERED NUMBER: 05124516 (England and Wales)














Financial Statements for the Year Ended 31 August 2024

for

Optimum Coffee Services Limited

Optimum Coffee Services Limited (Registered number: 05124516)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Optimum Coffee Services Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: D G Connor





REGISTERED OFFICE: 21 Hatton Garden
Liverpool
Merseyside
L3 2FE





REGISTERED NUMBER: 05124516 (England and Wales)





AUDITORS: Douglas Fairless Partnership
Chartered Certified Accountants
and Statutory Auditors
Seymour Chambers
92 London Road
Liverpool
Merseyside
L3 5NW

Optimum Coffee Services Limited (Registered number: 05124516)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,601 9,601
Tangible assets 5 277,744 399,636
Investments 6 24,751 25,516
310,096 434,753

CURRENT ASSETS
Stocks 10,864 11,084
Debtors 7 98,580 110,797
Cash at bank and in hand 93,548 97,800
202,992 219,681
CREDITORS
Amounts falling due within one year 8 396,672 565,630
NET CURRENT LIABILITIES (193,680 ) (345,949 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

116,416

88,804

PROVISIONS FOR LIABILITIES 32,204 48,799
NET ASSETS 84,212 40,005

CAPITAL AND RESERVES
Called up share capital 200 200
Revaluation reserve 10 (765 ) -
Retained earnings 84,777 39,805
84,212 40,005

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 August 2025 and were signed by:





D G Connor - Director


Optimum Coffee Services Limited (Registered number: 05124516)

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

1. STATUTORY INFORMATION

Optimum Coffee Services 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 as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
The turnover in the profit and loss account represents revenue recognised on goods sold on a cash or credit basis, exclusive of value added tax, from operating as a Costa Coffee franchise.Revenue is recognised daily based on transactions recorded in each store till system for that day.

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

Franchise fees are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible assets are initially measured at cost. After initial recognition, tangible assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Stocks
Stock is valued at the lower of cost and net realisable value after providing for any slow moving or obsolete lines. Stock is valued at a first in first out basis.

Financial instruments
The company only 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 third parties and loans to and from related parties.

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.


Optimum Coffee Services Limited (Registered number: 05124516)

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

2. ACCOUNTING POLICIES - continued
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.

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.

Investments
Investments are initially measured at cost and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in the revaluation reserve.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 28 ).

4. INTANGIBLE FIXED ASSETS
Franchise
fees
£   
COST
At 1 September 2023
and 31 August 2024 54,043
AMORTISATION
At 1 September 2023 44,442
Amortisation for year 2,000
At 31 August 2024 46,442
NET BOOK VALUE
At 31 August 2024 7,601
At 31 August 2023 9,601

Optimum Coffee Services Limited (Registered number: 05124516)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 745,041 1,317,896 30,042 80,060 2,173,039
Additions - 5,927 - 799 6,726
Disposals (166,902 ) (570,993 ) (30,042 ) - (767,937 )
At 31 August 2024 578,139 752,830 - 80,859 1,411,828
DEPRECIATION
At 1 September 2023 640,307 1,028,233 26,952 77,911 1,773,403
Charge for year 14,475 33,249 - 1,837 49,561
Eliminated on disposal (164,861 ) (497,067 ) (26,952 ) - (688,880 )
At 31 August 2024 489,921 564,415 - 79,748 1,134,084
NET BOOK VALUE
At 31 August 2024 88,218 188,415 - 1,111 277,744
At 31 August 2023 104,734 289,663 3,090 2,149 399,636

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 September 2023 25,516
Revaluations (765 )
At 31 August 2024 24,751
NET BOOK VALUE
At 31 August 2024 24,751
At 31 August 2023 25,516

Cost or valuation at 31 August 2024 is represented by:

Other
investments
£   
Valuation in 2024 (765 )
Cost 25,516
24,751

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 394 3,993
Other debtors 79,669 87,696
Prepayments 18,517 19,108
98,580 110,797

Optimum Coffee Services Limited (Registered number: 05124516)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 242,076 219,465
Amounts owed to group undertakings 6,055 273,946
Corporation taxation 43,493 690
Social security and other taxes 9,633 12,165
VAT 15,533 12,384
Other creditors 2,219 3,164
Accrued expenses 77,663 43,816
396,672 565,630

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.24 31.8.23
£    £   
Within one year 103,250 103,250
Between one and five years 413,000 413,000
In more than five years 516,250 619,500
1,032,500 1,135,750

10. RESERVES
Revaluation
reserve
£   
Revalue (765 )

At 31 August 2024 (765 )

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Gregory Newton FCCA (Senior Statutory Auditor)
for and on behalf of Douglas Fairless Partnership

12. ULTIMATE PARENT COMPANY

The ultimate parent company is Optimum Group Holdings Ltd, a company incorporated in England & Wales.

The registered office of the parent is as follows:

21 Hatton Garden
Liverpool
L3 2FE