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Registered number: 13030436
Nostos Coffee Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13030436
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 332,916 287,075
332,916 287,075
CURRENT ASSETS
Debtors 5 59,565 49,824
Cash at bank and in hand 14,989 94,323
74,554 144,147
Creditors: Amounts Falling Due Within One Year 6 (249,313 ) (147,060 )
NET CURRENT ASSETS (LIABILITIES) (174,759 ) (2,913 )
TOTAL ASSETS LESS CURRENT LIABILITIES 158,157 284,162
Creditors: Amounts Falling Due After More Than One Year 7 (223,010 ) (301,666 )
NET LIABILITIES (64,853 ) (17,504 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (64,953 ) (17,604 )
SHAREHOLDERS' FUNDS (64,853) (17,504)
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Page 2
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Edison Shehu
Director
29/08/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Nostos Coffee Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13030436 . The registered office is 10a Battersea Park Road, London, SW8 4FF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10% straight line
Plant & Machinery 25% straight line
Fixtures & Fittings 25% straight line
Computer Equipment 25% straigh line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 8)
15 8
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 December 2023 190,401 74,673 64,143 329,217
Additions 57,749 66,093 4,871 128,713
As at 30 November 2024 248,150 140,766 69,014 457,930
Depreciation
As at 1 December 2023 21,943 10,009 10,190 42,142
Provided during the period 37,858 28,413 16,601 82,872
As at 30 November 2024 59,801 38,422 26,791 125,014
Net Book Value
As at 30 November 2024 188,349 102,344 42,223 332,916
As at 1 December 2023 168,458 64,664 53,953 287,075
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - (423 )
Prepayments and accrued income 27,765 4,513
Other debtors 31,800 31,800
VAT - 13,934
59,565 49,824
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 16,988 -
Trade creditors 59,760 17,123
Bank loans and overdrafts 84,106 73,344
Other taxes and social security 21,051 5,852
VAT 26,339 -
Net wages 2,255 987
Accruals and deferred income 3,077 10,883
Director's loan account 35,737 38,871
249,313 147,060
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 76,656
Other loans 223,010 225,010
223,010 301,666
The bank loan is for a 24 month period from 1st November 2023 and has an interest charge of 1.13% per month.
The other loan has no fixed repayment period and is unsecured. It carries an interest charge of 7.5% per annum.
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 16,988 -
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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