REGISTERED NUMBER: 07640247 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2024

FOR

SPRING ESPRESSO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S C Dyson

Mrs T A Peck

SECRETARY:

Ms A M Lopez

REGISTERED OFFICE:

Unit 7 Camden Street

Portslade

Brighton

BN41 1DU

REGISTERED NUMBER:

07640247 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

4

15,924

27,594

CURRENT ASSETS

Stocks

5

7,067

4,626

Debtors

6

198,284

270,543

Cash at bank and in hand

22,182

20,417

227,533

295,586

CREDITORS

Amounts falling due within one year

7

169,724

250,968

NET CURRENT ASSETS

57,809

44,618

TOTAL ASSETS LESS CURRENT LIABILITIES

73,733

72,212

CREDITORS

Amounts falling due after more than one year

8

(17,182

)

(22,391

)

PROVISIONS FOR LIABILITIES

(1,329

)

(2,221

)

NET ASSETS

55,222

47,600

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

55,218

47,596

55,222

47,600

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

S C Dyson - Director

1.	STATUTORY INFORMATION

Spring Espresso Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

20% on cost

Plant and machinery

-

33% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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 future taxable profits.

Pension costs and other post-retirement benefits

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 31 December 2023

21,875

75,097

8,968

5,273

111,213

Additions

-

384

-

-

384

Disposals

(7,427

)

-

-

(4,073

)

(11,500

)

At 30 December 2024

14,448

75,481

8,968

1,200

100,097

DEPRECIATION

At 31 December 2023

5,970

69,642

2,734

5,273

83,619

Charge for year

4,375

2,837

2,241

-

9,453

Eliminated on disposal

(4,826

)

-

-

(4,073

)

(8,899

)

At 30 December 2024

5,519

72,479

4,975

1,200

84,173

NET BOOK VALUE

At 30 December 2024

8,929

3,002

3,993

-

15,924

At 30 December 2023

15,905

5,455

6,234

-

27,594

5.

STOCKS

2024

2023

£

£

Stocks

7,067

4,626

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by associates

178,725

238,303

Other debtors

3,055

13,120

Tax

850

850

Prepayments

15,654

18,270

198,284

270,543

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

13,587

10,334

Trade creditors

28,204

59,293

Amounts owed to associates

9,710

6,200

Tax

37,441

30,145

Social security and other taxes

16,841

12,904

VAT

27,720

93,460

Other creditors

25,971

31,071

Directors' loan accounts

-

3,229

Accrued expenses

10,250

4,332

169,724

250,968

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

13,930

22,391

Bank loans - 2-5 years

3,252

-

17,182

22,391

9.	RELATED PARTY DISCLOSURES

In the year, the company paid for services provided by Dyson Coffee Consulting Limited, a company in which the director S Dyson is also involved as a director. These services totalled £54,000.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Silver Stream Investment Limited.

This was by virtue of their 100% holding of the issued share capital.

Silver Stream Investment Limited is owned by Mr Gerges Raphael.