COFFEE GEAR LTD

Company Registration Number:
07868228 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

COFFEE GEAR LTD

Contents of the Financial Statements

for the Period Ended 31 December 2024

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 11

COFFEE GEAR LTD

Company Information

for the Period Ended 31 December 2024




Director: GC Adams
Registered office: 28
Cowell Road
Garnant
Ammanford
GB-WLS
SA18 1NW
Company Registration Number: 07868228 (England and Wales)

COFFEE GEAR LTD

Directors' Report Period Ended 31 December 2024

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

Principal Activities

Technical Services

Directors

The directors shown below have held office during the whole of the period from 01 January 2024 to 31 December 2024
GC Adams

This report was approved by the board of directors on 29 August 2025
And Signed On Behalf Of The Board By:

Name: GC Adams
Status: Director

COFFEE GEAR LTD

Balance sheet

As at 31 December 2024


Notes

2024
£

2023
£
Fixed assets
Intangible assets: 5 1,550 0
Tangible assets: 6 500 1,000
Total fixed assets: 2,050 1,000
Current assets
Stocks: 0 0
Debtors: 7 0 0
Cash at bank and in hand: 0 0
Total current assets: 0 0
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 8 ( 0 ) ( 0 )
Net current assets (liabilities): 0 0
Total assets less current liabilities: 2,050 1,000
Creditors: amounts falling due after more than one year: 9 ( 0 ) ( 0 )
Provision for liabilities: ( 500 ) ( 2,500 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): 1,550 ( 1,500 )

The notes form part of these financial statements

COFFEE GEAR LTD

Balance sheet continued

As at 31 December 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 50 50
Revaluation reserve: 10 1,500 ( 1,500 )
Profit and loss account: 0 ( 50 )
Shareholders funds: 1,550 ( 1,500 )

For the year ending 31 December 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 29 August 2025
And Signed On Behalf Of The Board By:

Name: GC Adams
Status: Director

The notes form part of these financial statements

COFFEE GEAR LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    As a result of Long Covid I've been unable to work reliably since March 2020 after the lockdowns. As my turnover has decreased I can no longer afford an accountant and my accounts are small and straight forward. I hope to be well enough to get my business back to where it should be.

    Turnover policy

    This is an easy mathematical problem in calculating 12 months of sales.

    Tangible fixed assets depreciation policy

    The assets of value are the computer equipment I use which are now outdated and the vehicle I use to get to jobs. I used an on line checker to value my vehicle.

    Intangible fixed assets amortisation policy

    This is good will based on my ability to repair and service. As Ive been extreamly unwell for years with severe long covid, the good will from my customers has completely collapsed. Im currents rebuilding trust and I recover.

COFFEE GEAR LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 1

    I am the only service engineer of this service engineering business

COFFEE GEAR LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 3. Off balance sheet disclosure

    No

COFFEE GEAR LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Dividends


2024
£

2023
£
Dividends paid 500 500

COFFEE GEAR LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Intangible assets

Goodwill Total
Cost £ £
At 01 January 2024 0 0
Additions 1,550 1,550
Disposals ( 0 ) ( 0 )
Revaluations 0 0
Transfers 0 0
At 31 December 2024 1,550 1,550
Amortisation
Amortisation at 01 January 2024 0 0
Charge for year 0 0
On disposals ( 0 ) ( 0 )
Other adjustments 0 0
Amortisation at 31 December 2024 0 0
Net book value
Net book value at 31 December 2024 1,550 1,550
Net book value at 31 December 2023 0 0

I am the service Engineer of Coffee Gear LTD. I've been extremely unwell with severe Long Covid since March 2020. The business totally relies on my health. Over the last year I've started to recover, especially over the last 6 months. With this I have managed to regain the trust of some of my customers. I hope to continue on this recovery which will result in the recovery of good will from my customers.

COFFEE GEAR LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Tangible assets

Office equipment Motor vehicles Total
Cost £ £ £
At 01 January 2024 500 1,500 2,000
Additions 0 0 0
Disposals ( 0 ) ( 0 ) ( 0 )
Revaluations 0 0 0
Transfers 0 0 0
At 31 December 2024 500 1,500 2,000
Depreciation
At 01 January 2024 0 1,000 1,000
Charge for year 0 0 0
On disposals ( 0 ) ( 0 ) ( 0 )
Other adjustments 0 500 500
At 31 December 2024 0 1,500 1,500
Net book value
At 31 December 2024 500 0 500
At 31 December 2023 500 500 1,000

My work van broke down and I could not get a garage to fix it. I could not fix it as I was ill with Long Covid. With that a bought a car which never worked. After 6 months of it not working the seller of the car replaced it with another of less value. I just accepted this because I didn't have the energy because I was suffering with Long Covid.

COFFEE GEAR LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

7. Debtors


2024
£

2023
£
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 0 0
Total 0 0
Debtors due after more than one year: 0 0

I get paid by job. Customers are up to date with payment terms

COFFEE GEAR LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

8.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 0 0
Total 0 0

I pay for everything up front

COFFEE GEAR LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

9.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 0 0
Total 0 0

COFFEE GEAR LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

10. Revaluation reserve


2024
£
Balance at 01 January 2024 ( 1,500 )
Surplus or deficit after revaluation 3,000
Balance at 31 December 2024 1,500

Renewal of failed assets