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Registration number: 10449325

Tambourine Coffee Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2024

Tambourine Coffee Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 10

Tambourine Coffee Limited

Company Information

Directors | Mr Tom Richard Pater Mrs Ailsa Pater

Registered office | 20 South Edge Shipley West Yorkshire BD18 4RA

Accountants | Fullertons Limited Chartered Certified AccountantsManchester House 50A Oxford Road Guiseley Leeds LS20 8AB

Tambourine Coffee Limited

(Registration number: 10449325)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Intangible assets | 4 | 23,667 | 27,667
Tangible assets | 5 | 12,743 | 14,176
|  | 36,410 | 41,843
Current assets |  |  |
Stocks | 6 | 5,500 | 5,000
Debtors | 7 | 12,046 | 11,550
Cash at bank and in hand |  | 5,656 | 5,786
|  | 23,202 | 22,336
Creditors: Amounts falling due within one year | 8 | (52,763) | (55,480)
Net current liabilities |  | (29,561) | (33,144)
Net assets |  | 6,849 | 8,699
Capital and reserves |  |  |
Called up share capital | 9 | 100 | 100
Retained earnings |  | 6,749 | 8,599
Shareholders' funds |  | 6,849 | 8,699

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 and 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 11 July 2025 and signed on its behalf by:

Tambourine Coffee Limited

(Registration number: 10449325)
Balance Sheet as at 31 December 2024

......................................... Mr Tom Richard Pater Director
......................................... Mrs Ailsa Pater Director

Tambourine Coffee 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.

The address of its registered office is:
20 South Edge
Shipley
West Yorkshire
BD18 4RA

These financial statements were authorised for issue by the Board on 11 July 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.

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.

Other grants

Grants receivable are recognised as income in the period when they are received and disclosed in the detailed profit and loss statement.

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.

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.

Tambourine Coffee Limited

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

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:

Asset class | Depreciation method and rate
Other tangible assets | 25% reducing balance
Short leasehold property improvements | 10% straight line

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 | 10% straight line basis

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.

Tambourine Coffee Limited

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

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2023 - 6).

Tambourine Coffee 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 | 40,000 | 40,000
At 31 December 2024 | 40,000 | 40,000
Amortisation
At 1 January 2024 | 12,333 | 12,333
Amortisation charge | 4,000 | 4,000
At 31 December 2024 | 16,333 | 16,333
Carrying amount
At 31 December 2024 | 23,667 | 23,667
At 31 December 2023 | 27,667 | 27,667

5 | Tangible assets

| Land and buildings £ | Other tangible assets £ | Total £
Cost or valuation
At 1 January 2024 | 6,538 | 28,002 | 34,540
Additions | - | 1,726 | 1,726
At 31 December 2024 | 6,538 | 29,728 | 36,266
Depreciation
At 1 January 2024 | 654 | 19,710 | 20,364
Charge for the year | 654 | 2,505 | 3,159
At 31 December 2024 | 1,308 | 22,215 | 23,523
Carrying amount
At 31 December 2024 | 5,230 | 7,513 | 12,743
At 31 December 2023 | 5,884 | 8,292 | 14,176

Included within the net book value of land and buildings above is £5,231 (2023 - £5,884) in respect of short leasehold land and buildings.

Tambourine Coffee Limited

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

6 | Stocks

| 2024 £ | 2023 £
Other inventories | 5,500 | 5,000

7 | Debtors

| 2024 £ | 2023 £
Prepayments | 12,046 | 11,550
| 12,046 | 11,550

Tambourine Coffee Limited

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

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Loans and borrowings | 10 | 33,411 | 39,471
Trade creditors |  | 2,190 | 4,015
Taxation and social security |  | 15,162 | 10,060
Accruals and deferred income |  | 2,000 | 1,934
|  | 52,763 | 55,480

9 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary of £1 each | 100 | 100 | 100 | 100

10 | Loans and borrowings

Current loans and borrowings

| 2024 £ | 2023 £
Other borrowings | 33,411 | 39,471

11 | Related party transactions

Transactions with directors

2024 | At 1 January 2024 £ | Advances to director £ | At 31 December 2024 £
| (39,470) | 6,059 | (33,411)

Tambourine Coffee Limited

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

2023 | At 1 January 2023 £ | Advances to director £ | At 31 December 2023 £
| (48,002) | 8,532 | (39,470)