REGISTERED NUMBER: 04450969 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST DECEMBER 2024

FOR

THE COFFEE CART COMPANY LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Director:

J W Gardner

Secretary:

Mrs D Gardner

Registered office:

10 Kyrle Street

Hereford

HR1 2ET

Registered number:

04450969 (England and Wales)

Fixed assets

Tangible assets

4

298,533

267,014

Current assets

Stocks

5

53,641

41,015

Debtors

6

133,603

151,987

Cash at bank

184,327

246,576

371,571

439,578

Creditors

Amounts falling due within one year

7

340,392

286,810

Net current assets

31,179

152,768

Total assets less current liabilities

329,712

419,782

Creditors

Amounts falling due after more than one year

8

(30,468

)

(47,183

)

Provisions for liabilities

11

(69,600

)

(62,100

)

Net assets

229,644

310,499

Capital and reserves

Called up share capital

12

100

100

Retained earnings

229,544

310,399

Shareholders' funds

229,644

310,499

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th September 2025 and were signed by:

J W Gardner - Director

1.	Statutory information

The Coffee Cart Company 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

The turnover, all of which arises in the UK, represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Tangible fixed assets are stated in the Balance Sheet at cost less depreciation.

Depreciation is provided at the following rates on the straight line method in order to write off each asset over its estimated useful life:

Leasehold improvements

5% on cost

Plant & equipment

5%-25% on cost

Motor vehicles

20% on cost

Stock

Stock has been valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow mowing items.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are measured at transaction price less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at the cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the assets original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all of the risks and rewards of the ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducing all of its liabilities.

Basic financial liabilities, including trade and other payables are measured at the transaction price. Other financial liabilities, including bank loans, loans from fellow group companies and preference shares that are classified as debt, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase

Assets held under hire purchase contracts are capitalised as tangible fixed assets and depreciated over the useful lives of the assets. The capital elements of future obligations are recorded as liabilities, whilst the interest elements are charged to the profit and loss account over the period of the contracts on a straight line basis.

Operating leases

The cost of operating leases is charged to the profit and loss account on a straight line basis over the lease term.

Pension costs & other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	Employees (including officers)

The average number of employees during the year was 49 (2023 - 44 ) .

4.	Tangible fixed assets

Leasehold

Plant &

Motor

improvements

equipment

vehicles

Totals

£

£

£

£

Cost

At 1st January 2024

60,836

457,723

192,721

711,280

Additions

4,666

173,251

-

177,917

Disposals

-

-

(31,984

)

(31,984

)

At 31st December 2024

65,502

630,974

160,737

857,213

Depreciation

At 1st January 2024

27,254

275,081

141,931

444,266

Charge for year

3,276

128,474

14,648

146,398

Eliminated on disposal

-

-

(31,984

)

(31,984

)

At 31st December 2024

30,530

403,555

124,595

558,680

Net book value

At 31st December 2024

34,972

227,419

36,142

298,533

At 31st December 2023

33,582

182,642

50,790

267,014

The net book value of tangible fixed assets includes £ 35,264 (2023 - £ 37,626 ) in respect of assets held under hire purchase contracts.

5.

Stocks

31.12.24

31.12.23

£

£

Stocks

53,641

41,015

6.

Debtors: amounts falling due within one year

31.12.24

31.12.23

£

£

Trade debtors

8,206

8,478

Amounts owed by group undertakings

59,220

105,293

Other debtors

11,600

9,600

S455 tax

-

10,667

Corporation tax

15,400

-

Prepayments & accrued income

39,177

17,949

133,603

151,987

7.

Creditors: amounts falling due within one year

31.12.24

31.12.23

£

£

Bank loans & overdrafts

66,199

18,182

Hire purchase contracts (see note 9)

12,525

8,089

Trade creditors

76,015

64,542

Corporation tax

-

15,400

Social security & other tax

76,109

80,244

Other creditors

56,929

51,912

Accruals & deferred income

52,615

48,441

340,392

286,810

8.

Creditors: amounts falling due after more than one year

31.12.24

31.12.23

£

£

Bank loans - two to five years

6,060

24,242

Hire purchase contracts (see note 9)

24,408

22,941

30,468

47,183

9.	Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.24

31.12.23

£

£

Net obligations repayable:

Within one year

12,525

8,089

Between one and five years

24,408

22,941

36,933

31,030

Non-cancellable

operating leases

31.12.24

31.12.23

£

£

Within one year

115,404

63,820

Between one and five years

299,757

204,963

415,161

268,783

10.	Secured debts

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank overdraft

48,017

-

Bank loans

24,242

42,424

72,259

42,424

The bank loan is secured by a fixed and floating charge over the assets of the company.

11.	Provisions for liabilities

31.12.24

31.12.23

£

£

Deferred tax

69,600

62,100

Deferred tax

£

Balance at 1st January 2024

62,100

Provided during year

7,500

Balance at 31st December 2024

69,600

12.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary shares

£1

100

100

13.	Contingent liabilities

There were no contingent liabilities at 31st December 2024.

14.	Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

15.	Ultimate controlling party

The company is a wholly owned subsidiary of The Coffee Cart Holdings Limited.

Company registration number: 14112413

Company registered office address: 10 Kyrle Street, Hereford, HR1 2ET