Registration number: NI058821

NORTH SOUTH COFFEE COMPANY LTD

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 9

NORTH SOUTH COFFEE COMPANY LTD

Company Information

Directors

Mr William Mc Coy Michelle McCoy

Company secretary

Mr William Mc Coy

Registered office

Unit 7 Flurrybridge Park Lower Faughill Road Newry Co Down BT35 8SQ

Solicitors

Elliot Trainor & Partnership 3 Downshire Road Newry Co Down BT34 1E

Accountants

SP McKeown & Co Ltd Chartered Certified Accountants, Registered Auditors & Tax Advisors5 Lower Catherine Street Newry Co Down BT35 6BE

NORTH SOUTH COFFEE COMPANY LTD

(Registration number: NI058821)
Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	243,778	146,169
Current assets
Stocks	5	71,076	15,122
Debtors	6	116,956	106,441
Cash at bank and in hand		260,500	305,563
		448,532	427,126
Creditors: Amounts falling due within one year	7	(183,499)	(191,223)
Net current assets		265,033	235,903
Total assets less current liabilities		508,811	382,072
Provisions for liabilities		(59,483)	(34,759)
Net assets		449,328	347,313
Capital and reserves
Called up share capital	8	4	4
Share premium reserve		30,241	30,241
Retained earnings		419,083	317,068
Shareholders' funds		449,328	347,313

For the financial year ending 31 August 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.

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 Board on 20 May 2026 and signed on its behalf by:
 

......................................... Michelle McCoy Director

NORTH SOUTH COFFEE COMPANY LTD

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

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
Unit 7 Flurrybridge Park
Lower Faughill Road
Newry
Co Down
BT35 8SQ

These financial statements were authorised for issue by the Board on 20 May 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.

Going concern

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

NORTH SOUTH COFFEE COMPANY LTD

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

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.

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
Fixtures & Fittings	15% Reducing balance basis
Motor vehicles	20% Reducing balance basis
Office equipment	20% Reducing balance basis
Plant & Machinery	20% Reducing balance basis
Coffee machines	15% Reducing balance 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.

NORTH SOUTH COFFEE COMPANY LTD

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

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.

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.

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.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2024 - 6).

NORTH SOUTH COFFEE COMPANY LTD

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

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 September 2024	27,651	15,998	458,397	502,046
Additions	19,140	12,800	114,047	145,987
At 31 August 2025	46,791	28,798	572,444	648,033
Depreciation
At 1 September 2024	22,364	3,201	330,312	355,877
Charge for the year	3,888	5,120	39,370	48,378
At 31 August 2025	26,252	8,321	369,682	404,255
Carrying amount
At 31 August 2025	20,539	20,477	202,762	243,778
At 31 August 2024	5,287	12,797	128,085	146,169

5

Stocks

	2025 £	2024 £
Other inventories	71,076	15,122

6

Debtors

Current	2025 £	2024 £
Trade debtors	106,014	101,714
Prepayments	892	2,000
Other debtors	10,050	2,727
	116,956	106,441

7

Creditors

Creditors: amounts falling due within one year

NORTH SOUTH COFFEE COMPANY LTD

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

	2025 £	2024 £
Due within one year
Trade creditors	147,847	116,972
Taxation and social security	24,933	34,291
Accruals and deferred income	6,808	36,889
Other creditors	3,911	3,071
	183,499	191,223

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Share of £1 each	4	4	4	4

9

Dividends

Interim dividends paid

		2025 £		2024 £
Interim dividend of £19,000.00 (2024 - £38,500.00) per each Ordinary Share		38,000		154,000

10	Related party transactions

NORTH SOUTH COFFEE COMPANY LTD

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

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	32,956	25,140
Contributions paid to money purchase schemes	979	624
	33,935	25,764

In respect of the highest paid director:

	2025 £	2024 £
Remuneration	12,570	25,140

Dividends paid to directors

		2025 £		2024 £
Anthony Condon
Dividends		-		77,000
Michelle McCoy
Michelle McCoy		38,000		77,000

Summary of transactions with other related parties

During the year, the company declared a dividend of £19,000 per share. William McCoy, a director and shareholder of the company, executed a formal deed to waive their entitlement to dividends on 2 Ordinary shares. The total value of the dividend waived was £38,000. This waived amount remains within the company's retained earnings.