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Registration number: 09338290

Coffee Geek and Friends Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2024

Coffee Geek and Friends Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 9

Coffee Geek and Friends Limited

Company Information

Directors | Mr Robin San Mr Matthew Law

Registered office | 102 Fulham Palace Road London W6 9PL

Accountants | Michaelides Warner & Co 102 Fulham Palace Road London W6 9PL

Coffee Geek and Friends Limited

(Registration number: 09338290)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 5 | 3,711 | 5,193
Current assets |  |  |
Stocks |  | 2,000 | 2,000
Debtors | 6 | 1,186 | 1,362
Cash at bank and in hand |  | 4,590 | 1,730
|  | 7,776 | 5,092
Creditors: Amounts falling due within one year | 7 | (332,370) | (301,665)
Net current liabilities |  | (324,594) | (296,573)
Net liabilities |  | (320,883) | (291,380)
Capital and reserves |  |  |
Called up share capital | 8 | 2 | 2
Retained earnings |  | (320,885) | (291,382)
Shareholders' deficit |  | (320,883) | (291,380)

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

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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.

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 August 2025 and signed on its behalf by:

......................................... Mr Matthew Law Director

Coffee Geek and Friends Limited

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

1 | General information

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

The address of its registered office is:
102 Fulham Palace Road
London
W6 9PL

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.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

The directors consider that there are no key judgements that management have made in the process of applying the company's accounting policies and that may have had significant effect on the amounts recognised in the financial statements.

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.

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.

Coffee Geek and Friends Limited

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

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:

Asset class | Depreciation method and rate
Leasehold improvements | 25% straight line basis
Plant & machinery | 25% straight line basis
Fixtures & fittings | 25% reducing balance basis
Office equipment | 25% straight line basis
Motor vehicles | 25% reducing balance basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | over 5 years straight line

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.

Coffee Geek and Friends Limited

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

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.

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.

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of the financial assets and liabilities like investments, trade and other receivable, cash and bank balances, trade and other creditors.
Debt instruments that are payable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash consolidation expected to be paid or received.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

Coffee Geek and Friends Limited

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

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 January 2024 | 11,000 | 11,000
At 31 December 2024 | 11,000 | 11,000
Amortisation
At 1 January 2024 | 11,000 | 11,000
At 31 December 2024 | 11,000 | 11,000
Carrying amount
At 31 December 2024 | - | -

5 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Other tangible assets £
Cost or valuation
At 1 January 2024 | 42,854 | 2,657 | 29,266 | 17,686
Disposals | - | - | (3,250) | -
At 31 December 2024 | 42,854 | 2,657 | 26,016 | 17,686
Depreciation
At 1 January 2024 | 42,854 | 2,628 | 24,102 | 17,686
Charge for the year | - | 7 | 1,292 | -
Eliminated on disposal | - | - | (3,067) | -
At 31 December 2024 | 42,854 | 2,635 | 22,327 | 17,686
Carrying amount
At 31 December 2024 | - | 22 | 3,689 | -
At 31 December 2023 | - | 29 | 5,164 | -

Coffee Geek and Friends Limited

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

| Total £
Cost or valuation
At 1 January 2024 | 92,463
Disposals | (3,250)
At 31 December 2024 | 89,213
Depreciation
At 1 January 2024 | 87,270
Charge for the year | 1,299
Eliminated on disposal | (3,067)
At 31 December 2024 | 85,502
Carrying amount
At 31 December 2024 | 3,711
At 31 December 2023 | 5,193

Coffee Geek and Friends Limited

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

6 | Debtors

Current | 2024 £ | 2023 £
Prepayments | 789 | 943
Other debtors | 397 | 419
| 1,186 | 1,362

7 | Creditors

Creditors: amounts falling due within one year

| 2024 £ | 2023 £
Due within one year |  |
Trade creditors | 264 | 252
Taxation and social security | 453 | -
Accruals and deferred income | 3,000 | 3,855
Other creditors | 328,653 | 297,558
| 332,370 | 301,665

8 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary shares of £1 each | 2 | 2 | 2 | 2

Coffee Geek and Friends Limited

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

9 | Related party transactions

Transactions with directors

2024 | At 1 January 2024 £ | Repayments by director £ | At 31 December 2024 £
Mr Matthew Law
Amount owed to / (from) the director | 148,382 | 15,757 | 164,139
Mr Robin San
Amount owed to / (from) the director | 148,382 | 15,757 | 164,139

2023 | At 1 January 2023 £ | Other payments made to company by director £ | At 31 December 2023 £
Mr Matthew Law
Amount owed to / (from) the director | 132,125 | 16,258 | 148,382
Mr Robin San
Amount owed to / (from) the director | 132,125 | 16,258 | 148,382