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Registration number: 08792229

London Coffee Machines Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2024

London Coffee Machines Limited

Contents

Company Information | 1
Statement of Director's Responsibilities | 2
Balance Sheet | 3
Notes to the Unaudited Financial Statements | 4 to 8

London Coffee Machines Limited

Company Information

Director | Mr P Molloy

Registered office | Victoria House 26 Queen Victoria Street Reading Berkshire RG1 1TG

Accountants | Vale & West Accountancy Services Limited Chartered AccountantsVictoria House 26 Queen Victoria Street Reading Berkshire RG1 1TG

London Coffee Machines Limited

Statement of Director's Responsibilities

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

• | select suitable accounting policies and apply them consistently;

• | make judgements and accounting estimates that are reasonable and prudent;

• | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

London Coffee Machines Limited

(Registration number: 08792229)
Balance Sheet as at 31 March 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 4 | 113,915 | 142,680
Current assets |  |  |
Stocks |  | 6,297 | 7,606
Debtors | 5 | 136,737 | 155,419
Cash at bank and in hand |  | 4,307 | 2,737
|  | 147,341 | 165,762
Creditors: Amounts falling due within one year | 6 | (255,373) | (314,694)
Net current liabilities |  | (108,032) | (148,932)
Total assets less current liabilities |  | 5,883 | (6,252)
Creditors: Amounts falling due after more than one year | 6 | (34,511) | (41,259)
Provisions for liabilities |  | (11,878) | (20,245)
Net liabilities |  | (40,506) | (67,756)
Capital and reserves |  |  |
Called up share capital |  | 4 | 4
Retained earnings |  | (40,510) | (67,760)
Shareholders' deficit |  | (40,506) | (67,756)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and 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 director on 9 April 2026

......................................... Mr P Molloy Director

London Coffee Machines Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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:
Victoria House
26 Queen Victoria Street
Reading
Berkshire
RG1 1TG

These financial statements were authorised for issue by the director on 9 April 2026.

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.

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 and deferred 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.

London Coffee Machines Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2 | Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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 | 33% on cost and 20% on cost

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

London Coffee Machines Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2 | Accounting policies (continued)

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.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

London Coffee Machines Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2 | Accounting policies (continued)

Going concern

After reviewing the company's forecasts and availability of finances, the director has a reasonable
expectation that the company has adequate resources to continue in operational existence for the
foreseeable future. The company therefore continues to adopt the going concern basis in preparing its
financial statements.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 9 (2023 - 9).

4 | Tangible assets

| Plant and machinery £ | Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 April 2023 | 607,202 | 4,555 | 59,891 | 671,648
Additions | 14,442 | - | - | 14,442
Disposals | - | - | (31,739) | (31,739)
At 31 March 2024 | 621,644 | 4,555 | 28,152 | 654,351
Depreciation
At 1 April 2023 | 465,258 | 3,818 | 59,891 | 528,967
Charge for the year | 42,648 | 560 | - | 43,208
Eliminated on disposal | - | - | (31,739) | (31,739)
At 31 March 2024 | 507,906 | 4,378 | 28,152 | 540,436
Carrying amount
At 31 March 2024 | 113,738 | 177 | - | 113,915
At 31 March 2023 | 141,943 | 737 | - | 142,680

5 | Debtors

Current | 2024 £ | 2023 £
Trade debtors | 42,070 | 59,878
Other debtors | 94,667 | 95,541
| 136,737 | 155,419

London Coffee Machines Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Loans and borrowings | 7 | 6,359 | 6,202
Trade creditors |  | 79,669 | 164,583
Taxation and social security |  | 125,166 | 109,821
Accruals and deferred income |  | 8,254 | 8,015
Other creditors |  | 35,925 | 26,073
|  | 255,373 | 314,694

Creditors: amounts falling due after more than one year

| Note | 2024 £ | 2023 £
Due after one year |  |  |
Loans and borrowings | 7 | 34,511 | 41,259

7 | Loans and borrowings

Non-current loans and borrowings

| 2024 £ | 2023 £
Bank borrowings | 34,511 | 41,259

Current loans and borrowings

| 2024 £ | 2023 £
Bank borrowings | 6,359 | 6,202

8 | Related party transactions

Director guarantees

At the year end key management personal owed the company £35,680 (2023: £35,680). This amount is interest free and repayable on demand.