Deluxe Coffee London Ltd 12805851 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is production of coffee and coffee substitutes. Digita Accounts Production Advanced 6.30.9574.0 true true 12805851 2023-09-01 2024-08-31 12805851 2024-08-31 12805851 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2024-08-31 12805851 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 12805851 core:FurnitureFittings 2024-08-31 12805851 core:PlantMachinery 2024-08-31 12805851 bus:SmallEntities 2023-09-01 2024-08-31 12805851 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 12805851 bus:FilletedAccounts 2023-09-01 2024-08-31 12805851 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 12805851 bus:RegisteredOffice 2023-09-01 2024-08-31 12805851 bus:Director1 2023-09-01 2024-08-31 12805851 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12805851 core:FurnitureFittings 2023-09-01 2024-08-31 12805851 core:PlantMachinery 2023-09-01 2024-08-31 12805851 countries:EnglandWales 2023-09-01 2024-08-31 12805851 2023-08-31 12805851 core:FurnitureFittings 2023-08-31 12805851 core:PlantMachinery 2023-08-31 12805851 2022-09-01 2023-08-31 12805851 2023-08-31 12805851 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 12805851 core:FurnitureFittings 2023-08-31 12805851 core:PlantMachinery 2023-08-31 iso4217:GBP xbrli:pure

Registration number: 12805851

Deluxe Coffee London Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Deluxe Coffee London Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Deluxe Coffee London Ltd

Company Information

Director:

Mr S Gray

Registered office:

Savoy House
Savoy Circus
London
W3 7DA

Registered number:

12805851

Accountants:

Wem & Co
Chartered Accountants
Savoy House
Savoy Circus
London
W3 7DA

 

Deluxe Coffee London Ltd

(Registration number: 12805851)
Balance Sheet as at 31 August 2024

Note

31.08.24

31.08.23

   

£

£

£

£

FIXED ASSETS

   

 

Tangible assets

4

 

21,306

 

17,421

Investments

5

 

-

 

1,000

   

21,306

 

18,421

CURRENT ASSETS

   

 

Stocks

6

15,086

 

27,108

 

Debtors

7

44,809

 

18,073

 

Cash at bank and in hand

 

3,371

 

16,462

 

 

63,266

 

61,643

 

CREDITORS

   

 

Creditors within 1yr

8

156,012

 

123,337

 

Net current liabilities

   

(92,746)

 

(61,694)

Net liabilities

   

(71,440)

 

(43,273)

CAPITAL AND RESERVES

   

 

Called up share capital

 

100

 

100

Profit and loss account

 

(71,540)

 

(43,373)

Shareholders' deficit

   

(71,440)

 

(43,273)

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Deluxe Coffee London Ltd

(Registration number: 12805851)
Balance Sheet as at 31 August 2024 (continued)

Approved and authorised by the director on 29 August 2025

.........................................
Mr S Gray
Director

 

Deluxe Coffee London Ltd

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

1.

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Savoy House
Savoy Circus
London
W3 7DA
United Kingdom

These financial statements were authorised for issue by the director on 29 August 2025.

2.

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency is Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis on the basis that the directors have agreed to support the company for the foreseeable future.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Deluxe Coffee London Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

2

Accounting policies (continued)

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Deluxe Coffee London Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

2

Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3.

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 8 (2023 - 0).

 

Deluxe Coffee London Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

4.

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 September 2023

3,845

45,340

49,185

Additions

19,020

1,324

20,344

At 31 August 2024

22,865

46,664

69,529

Depreciation

At 1 September 2023

1,547

30,217

31,764

Charge for the year

4,849

11,610

16,459

At 31 August 2024

6,396

41,827

48,223

Carrying amount

At 31 August 2024

16,469

4,837

21,306

At 31 August 2023

2,298

15,123

17,421

5.

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 September 2023

1,000

1,000

Disposals

(1,000)

(1,000)

At 31 August 2024

-

-

Impairment

Carrying amount

At 31 August 2024

-

-

 

Deluxe Coffee London Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

6.

Stocks

31.08.24
£

31.08.23
£

Inventories

15,086

27,108

7.

Debtors

Current

Note

31.08.24
£

31.08.23
£

Trade debtors

 

5,866

8,941

Amounts owed by related parties

29,173

-

Prepayments

 

4,538

-

Other debtors

 

5,232

9,132

   

44,809

18,073

The company is owed £29,173 by its subsidiary, DLX 219 Ltd. No interest or repayment terms have been set.

8.

Creditors

Creditors: amounts falling due within one year

31.08.24
£

31.08.23
£

Due within one year

Trade creditors

-

150

Taxation and social security

2,594

-

Accruals and deferred income

1,400

250

Other creditors

152,018

122,937

156,012

123,337

Included in other creditors is £152,018 owed to the directors. No interest or repayments terms have been set.