REGISTERED NUMBER: SC744675 (Scotland)

Unaudited Financial Statements for the Year Ended 30 September 2024

for

Part Two Coffee Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P Anderson

D A M Anderson

REGISTERED OFFICE:

272 Bath Street

Glasgow

G2 4JR

REGISTERED NUMBER:

SC744675 (Scotland)

ACCOUNTANTS:

One Accounting Ltd

Chartered Management Accountants

Drumsheugh Toll

2 Belford Road

Edinburgh

Midlothian

EH4 3BL

FIXED ASSETS

Intangible assets

4

5,993

-

Tangible assets

5

34,976

-

40,969

-

CURRENT ASSETS

Stocks

2,000

-

Debtors

6

6,538

3

Cash at bank

434

-

8,972

3

CREDITORS

Amounts falling due within one year

7

70,126

-

NET CURRENT (LIABILITIES)/ASSETS

(61,154

)

3

TOTAL ASSETS LESS CURRENT LIABILITIES

(20,185

)

3

PROVISIONS FOR LIABILITIES

8,744

-

NET (LIABILITIES)/ASSETS

(28,929

)

3

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

(28,932

)

-

(28,929

)

3

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 10 December 2025 and were signed on its behalf by:

D A M Anderson - Director

1.	STATUTORY INFORMATION

Part Two Coffee Ltd is a private company, limited by shares , registered in Scotland. 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.

Going concern

At the balance sheet date, the company's liabilities exceed its assets. The financial statements have been prepared on a going concern basis, which assumes that the Company will continue in operational existence for the foreseeable future. The Directors believe that the financial statements should be prepared on a going concern basis and appropriate funding will be available if required.

Turnover

Turnover is measured on the value of invoices and services received and receivable excluding value added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Plant and machinery

-

25% on cost

Computer equipments

-

25% on cost

Stocks

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - NIL ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

Additions

6,200

At 30 September 2024

6,200

AMORTISATION

Amortisation for year

207

At 30 September 2024

207

NET BOOK VALUE

At 30 September 2024

5,993

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipments

Totals

£

£

£

COST

Additions

46,187

318

46,505

At 30 September 2024

46,187

318

46,505

DEPRECIATION

Charge for year

11,476

53

11,529

At 30 September 2024

11,476

53

11,529

NET BOOK VALUE

At 30 September 2024

34,711

265

34,976

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Other debtors

2,503

3

VAT

4,035

-

6,538

3

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Other creditors

4,600

-

Directors' current accounts

63,937

-

Accrued expenses

1,589

-

70,126

-

The director's loan to the company is unsecured, interest free and repayable on demand.