Ue Coffee Roasters Limited - Filleted accounts


UE COFFEE ROASTERS LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
5 APRIL 2025



































Company Registration Number: 06856005

UE COFFEE ROASTERS LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 APRIL 2025


CONTENTS									PAGES



Company information									1

Balance sheet									2 to 3

Notes to the financial statements									4 to 11

UE COFFEE ROASTERS LIMITED

COMPANY INFORMATION
FOR THE PERIOD ENDED 5 APRIL 2025


DIRECTORS

D F Franzese-Boyett
resigned 4 April 2025
D Boyett


SECRETARY

The company does not have an appointed secretary


REGISTERED OFFICE

Unit 11A - 11B Windrush Industrial Park
Linkwood Road
Witney
Oxon
OX29 7HA


COMPANY REGISTRATION NUMBER

06856005 England and Wales

UE COFFEE ROASTERS LIMITED

BALANCE SHEET
AS AT 5 APRIL 2025


	Notes	5 April 2025		31 March 2024
		£		£

FIXED ASSETS
Tangible assets	5		185,530		213,667

CURRENT ASSETS
Stock		99,977		64,812
Debtors	6	994,066		886,566
Cash at bank and in hand		83,807		4,850


		1,177,850		956,228

CREDITORS: Amounts falling due within one year	7	1,093,873		1,095,203
CREDITORS: Amounts falling due within one year


NET CURRENT ASSETS / (LIABILITIES)			83,977		(138,975)


TOTAL ASSETS LESS CURRENT LIABILITIES			269,507		74,692

CREDITORS: Amounts falling due after more than one year	8		230,297		102,030
CREDITORS: Amounts falling due after more than one year

Provisions for liabilities and charges			36,970		39,720


NET ASSETS / (LIABILITIES)			2,240		(67,058)


CAPITAL AND RESERVES
Called up share capital			800		800
Distributable profit and loss account			1,440		(67,858)


SHAREHOLDERS' FUNDS / (DEFICIT)			2,240		(67,058)

UE COFFEE ROASTERS LIMITED

BALANCE SHEET
AS AT 5 APRIL 2025


These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

For the financial period ended 5 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.


Signed on behalf of the board of directors




D Boyett
Director

Date approved by the board: 19 August 2025

UE COFFEE ROASTERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 APRIL 2025


1	GENERAL INFORMATION

	Ue Coffee Roasters Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:

	Unit 11A - 11B Windrush Industrial Park
	Linkwood Road
	Witney
	Oxon
	OX29 7HA

	The financial statements are presented in Sterling, which is the functional currency of the company.

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of preparation of financial statements

	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

	Going concern

	The accounts have been drawn up on the going concern basis. The company owes its bank £484,799 in the form of an overdraft, a bank loan, credit card and an invoice discounting facility. The company also owes amounts to third party lenders totalling £163,598, in the form of loan facilities and invoice discounting facilities. The company is therefore dependent upon the continued support of the bank and the third party lenders. The directors do not consider the support of the bank or the third party lenders likely to be withdrawn.

	If the going concern basis was not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for additional liabilities that might arise and to reclassify fixed assets as current assets.


	Revenue recognition

	Turnover is measured at the fair value of consideration received or receivable and represents the wholesale and retail of tea, coffee and related products, stated net of trade discounts and value added tax.

	The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.

UE COFFEE ROASTERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 APRIL 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Tangible fixed assets

	Fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.

	Depreciation has been provided at the following rates so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives.

	Leasehold improvements					20% straight line basis
	Plant and machinery					20% reducing balance basis, or over the life of the capitalised finance lease
	Fixtures, fittings, tools and equipment					20% reducing balance basis

	On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses.

	Financial Instruments

	The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

	Financial assets are measured at cost and are assessed at the end of each reporting period for objective evidence of impairment. Where objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.

The impairment loss for financial assets measured at cost is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.


	Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amount and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

UE COFFEE ROASTERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 APRIL 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Impairment of non-financial assets

	At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.

	Stocks are assessed for impairment at each reporting date. The carrying amount of each item of stock, or group of similar items, is compared with its selling price less cost to complete and sell. If an item of stock, or group of similar items, is impaired its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in the profit and loss account.

	If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.


	Stock

	Stock has been valued at the lower of cost and estimated selling price less cost to complete and sell, after making due allowance for obsolete and slow-moving items. Cost comprises the cost of goods purchased valued on a first in first out basis.

	The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.


	Debtors

	Short term debtors are measured at transaction price, less any impairment.

	Creditors

	Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.

UE COFFEE ROASTERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 APRIL 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Leases

	Leases are classified as finance leases when they transfer substantially all the risks and rewards of ownership of the leased assets to the company. Other leases that do not transfer substantially all the risks and rewards of ownership of the leased assets to the company are classified as operating leases.

	Assets held under finance leases are recognised in accordance with the company's policy for tangible fixed assets. The corresponding obligations to lessors under finance leases are treated in the balance sheet as a liability. The assets and liabilities under finance leases are recognised at amounts equal to the fair value of the assets, or if lower, the present value of minimum lease payments, determined at the inception of the lease.

	Minimum lease payments are apportioned between finance charges and the reduction in the outstanding liabilities using the effective interest method. The finance charge is allocated to each period during the lease so as to produce a constant rate of interest on the remaining balance of the liabilities. Finance charges are recognised in the profit and loss account.


	Payments applicable to operating leases are charged against profit on a straight line basis over the lease term.

	Taxation

	Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 taxable profits.

	Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

	Current and deferred tax assets and liabilities are not discounted.

UE COFFEE ROASTERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 APRIL 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Foreign currencies

	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction.

	Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are translated at the rate of exchange prevailing at that date. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit or loss.


	Borrowing costs

	All borrowing costs are recognised in the profit and loss account in the period in which they are incurred.

	Pensions

	The company operates a defined contribution pension scheme. The amount charged to the profit and loss account in respect of pension costs and other post-retirement benefits is the amount payable in the year. Differences between contributions payable and contributions actually paid in the period are shown as either accruals or prepayments in the balance sheet.

3	CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

	No significant accounting estimates and judgements have had to be made by the directors in preparing these financial statements.

4	EMPLOYEES

	The average number of persons employed by the company (including directors) during the period / year was:

		01/04/24 to	01/04/23 to
		05/04/25	31/03/24
	Average number of employees	21	26

UE COFFEE ROASTERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 APRIL 2025


5	TANGIBLE ASSETS
		Leasehold improvements		Plant and machinery	Fixtures, fittings, tools and equipment		Total
			£	£		£	£
	Cost
	At 1 April 2024		86,089	390,608		245,655	722,352

	Additions		3,479	20,572		7,280	31,331

	Disposals		-	-		(283)	(283)


	At 5 April 2025		89,568	411,180		252,652	753,400


	Accumulated depreciation and impairments
	At 1 April 2024		56,968	308,656		143,061	508,685

	Charge for period		10,757	31,946		16,587	59,290

	Disposals		-	-		(105)	(105)


	At 5 April 2025		67,725	340,602		159,543	567,870


	Net book value
	At 1 April 2024		29,121	81,952		102,594	213,667


	At 5 April 2025		21,843	70,578		93,109	185,530


6	DEBTORS
						05/04/25	31/03/24
						£	£
	Trade debtors					133,193	150,356
	Prepayments and accrued income					91,317	80,840
	Other debtors					769,556	655,370


						994,066	886,566


7	CREDITORS: Amounts falling due within one year
						05/04/25	31/03/24
						£	£
	Bank loans and overdrafts					128,676	167,501
	Trade creditors					277,515	226,190
	Taxation and social security					324,094	295,416
	Hire purchase contracts and finance leases					7,269	29,696
	Accruals and deferred income					65,525	51,442
	Other creditors					290,794	324,958


						1,093,873	1,095,203

UE COFFEE ROASTERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 APRIL 2025


8	CREDITORS: Amounts falling due after more than one year
		05/04/25	31/03/24
		£	£
	Bank loans and overdrafts	229,203	93,617
	Hire purchase contracts and finance leases	1,094	8,413


		230,297	102,030


	Included in the amounts falling due after more than one year are the following amounts which are due in more
	than five years:
		05/04/25	31/03/24
		£	£
	Bank loans and overdrafts	15,834	-


9	SECURED DEBTS

	The company has a bank loan with HSBC Bank plc which is secured on the assets of the company.

	The company has a debt finance agreement with HSBC Invoice Finance (UK) Ltd which is secured on non-vesting debts, interest is charged at 3.25% plus base rate.

	The hire purchase contracts and finance leases are secured on the assets concerned.

10	CONTINGENCIES AND COMMITMENTS

	Other Commitments

	Amounts falling due under operating leases:	05/04/25	31/03/24
		£	£
	In less than one year	58,685	58,717
	In more than one but less than five years	90,755	144,983


		149,440	203,700

UE COFFEE ROASTERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 APRIL 2025


11	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

	The following directors' advances, credits and guarantees took place during the period:

		Balance at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off or waived	Balance at 5 April 2025
		£	£	£	£	£
	D F Franzese-Boyett	147,644	47,726	195,370	-	-
	D Boyett	260,164	93,460	70,420	-	283,204


		407,808	141,186	265,790	-	283,204

	These advances are interest free and repayable on demand.

12	RELATED PARTY TRANSACTIONS

	The company has claimed exemptions from reporting disclosure of related party transactions with the following wholly owned group members:

	UE Coffee Roasters (UK) Limited	Immediate parent undertaking
	UE Coffee Holdings Limited	Utimate parent undertaking

	During the period, the following transactions with related parties took place:

	Jeeves & Jericho The Jolly Good Tea Company Ltd
	Associate undertaking		05/04/25	31/03/24
			£	£
	Loan to associate		7,283	6,427