Company registration number 13378752 (England and Wales)
SEA OF COFFEE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
SEA OF COFFEE LIMITED
COMPANY INFORMATION
Director
Mrs F Pyecroft-Smith
Company number
13378752
Registered office
7 High Street
St Ives
Cornwall
England
TR26 1RR
Accountants
Streets Bush Limited
2 Barnfield Crescent
Exeter
EX1 1QT
SEA OF COFFEE LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
SEA OF COFFEE LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
45,837
53,537
Current assets
Stocks
11,566
9,748
Debtors
4
6,081
3,660
Cash at bank and in hand
3,039
6,460
20,686
19,868
Creditors: amounts falling due within one year
5
(128,467)
(151,916)
Net current liabilities
(107,781)
(132,048)
Net liabilities
(61,944)
(78,511)
Capital and reserves
Called up share capital
120
120
Retained earnings
(62,064)
(78,631)
Total equity
(61,944)
(78,511)

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

SEA OF COFFEE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 16 October 2025
Mrs F Pyecroft-Smith
Director
Company Registration No. 13378752
SEA OF COFFEE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Sea of Coffee Limited is a private company limited by shares incorporated in England and Wales. The registered office is 7 High Street, St Ives, Cornwall, England, TR26 1RR.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.4
Tangible fixed assets

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

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
Nil
Plant and equipment
15% Reducing balance
Fixtures and fittings
15% Reducing balance
Computers
25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

SEA OF COFFEE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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.

2
Employees

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

2025
2024
Number
Number
Total
6
6
SEA OF COFFEE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
3
Tangible fixed assets
Leasehold improvements
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2024
16,724
58,619
75,343
Additions
-
0
1,698
1,698
Disposals
-
0
(6,173)
(6,173)
At 31 March 2025
16,724
54,144
70,868
Depreciation and impairment
At 1 April 2024
-
0
21,806
21,806
Depreciation charged in the year
-
0
5,543
5,543
Eliminated in respect of disposals
-
0
(2,318)
(2,318)
At 31 March 2025
-
0
25,031
25,031
Carrying amount
At 31 March 2025
16,724
29,113
45,837
At 31 March 2024
16,724
36,813
53,537
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
6,081
3,660
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
1,137
2,953
Taxation and social security
-
0
6,610
Other creditors
127,330
142,353
128,467
151,916
SEA OF COFFEE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
6
Related Party Disclosures
Included in other creditors are amounts owed to the directors of £124,713. The loan is interest free and carries no fixed terms of repayment.
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