Registration number: 07118512

Simply Coffee Systems Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Simply Coffee Systems Limited

Company Information

Directors

Mr S Rowe Mrs J Rowe Mrs V Rowe Mr C Rowe

Registered office

Westcott Park Cullompton Devon EX15 1SA

Accountants

Thompson Jenner LLP Chartered Accountants 28 Alexandra Terrace Exmouth Devon EX8 1BD

Simply Coffee Systems Limited

(Registration number: 07118512)
Balance Sheet as at 31 January 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	-	13,969
Current assets
Debtors	5	11,729	84,252
Cash at bank and in hand		23,582	49,603
		35,311	133,855
Creditors: Amounts falling due within one year	6	(20,571)	(45,401)
Net current assets		14,740	88,454
Total assets less current liabilities		14,740	102,423
Creditors: Amounts falling due after more than one year	6	(4,900)	(14,116)
Net assets		9,840	88,307
Capital and reserves
Called up share capital		1,000	1,000
Retained earnings		8,840	87,307
Shareholders' funds		9,840	88,307

For the financial year ending 31 January 2025 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.

Simply Coffee Systems Limited

(Registration number: 07118512)
Balance Sheet as at 31 January 2025

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 27 October 2025 and signed on its behalf by:
 

......................................... Mr S Rowe Director

Simply Coffee Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Westcott Park
Cullompton
Devon
EX15 1SA
United Kingdom

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.

Going concern

The directors have acknowledged the negative reserves at the balance sheet date. The principal creditors are intercompany balances under common control so there is not deemed to be a going concern risk. Therefore the financial statements have been prepared on a going concern basis.

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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

Simply Coffee Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

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
Plant and machinery	20% straight line basis
Fixtures and fittings	20% straight line basis
Motor vehicles	20% 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.

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.

Simply Coffee Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

Simply Coffee Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 February 2024	40,627	33,800	602,700	677,127
Disposals	(40,627)	(33,800)	(602,700)	(677,127)
At 31 January 2025	-	-	-	-
Depreciation
At 1 February 2024	38,658	21,800	602,700	663,158
Charge for the year	922	3,700	-	4,622
Eliminated on disposal	(39,580)	(25,500)	(602,700)	(667,780)
At 31 January 2025	-	-	-	-
Carrying amount
At 31 January 2025	-	-	-	-
At 31 January 2024	1,969	12,000	-	13,969

5

Debtors

	Note	2025 £	2024 £
Amounts owed by group undertakings and undertakings in which the company has a participating interest		11,579	77,299
Other debtors		150	3,967
Prepayments and accrued income		-	2,986
Total current trade and other debtors		11,729	84,252

Simply Coffee Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

6

Creditors

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	7	10,000	10,000
Trade creditors		3,263	(1,867)
Taxation and social security		3,970	36,410
Accrued expenses		3,338	858
		20,571	45,401

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	7	4,900	14,116

7	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	10,000	10,000

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	4,900	14,116

8	Parent and ultimate parent undertaking

The company's immediate parent is Rowe Atlantic Limited, incorporated in England and Wales.