Espresso Services (UK) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC436485 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 May 2025

for

Espresso Services (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D T Martin

G Martin

REGISTERED OFFICE:

Unit 58 Elderpark Workspace

100 Elderpark Street

Glasgow

G51 3TR

REGISTERED NUMBER:

SC436485 (Scotland)

ACCOUNTANTS:

Gillespie & Anderson

147 Bath Street

Glasgow

G2 4SN

FIXED ASSETS

Tangible assets

4

37,530

46,909

CURRENT ASSETS

Stocks

250,000

200,000

Debtors

5

139,536

95,437

Cash at bank

13,764

5,017

403,300

300,454

CREDITORS

Amounts falling due within one year

6

524,328

302,779

NET CURRENT LIABILITIES

(121,028

)

(2,325

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(83,498

)

44,584

CREDITORS

Amounts falling due after more than one
year

7

(21,149

)

(41,350

)

PROVISIONS FOR LIABILITIES

-

(3,130

)

NET (LIABILITIES)/ASSETS

(104,647

)

104

CAPITAL AND RESERVES

Called up share capital

104

Retained earnings

(104,751

)

-

(104,647

)

104

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2026 and were signed on its behalf by:

D T Martin - Director

1.	STATUTORY INFORMATION

Espresso Services (UK) Limited is a private company, limited by shares, registered in Scotland. The company's registered number is SC436485 and its registered office address is Unit 58 Elderpark Workspace, 100 Elderpark Street, Glasgow, G51 3TR.

The presentation currency of the financial statements is the Pound Sterling (£) which is the functional currency of the company.

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

The company has cash resources and has no requirement for external funding. The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. They continue to believe the going concern basis of accountancy appropriate in preparing the annual financial statements.

Significant judgements and estimates

The Directors have made judgements, estimates and assumptions that affect the amounts reported within the financial statements during the year. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. The Directors' estimates, assumptions and judgements that have a significant risk of causing material adjustment to the carrying amount of assets and liabilities within the financial statements are addressed and detail is provided in the associated notes.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles - 20% reducing balance

Equipment - 20% reducing balance

Stocks

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

Financial instruments

The company has no complex financial instruments but does hold basic financial instruments of; cash at bank, debtors and creditors.

Cash and cash equivalents comprise cash at bank and on hand, foreign currency on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. A bank overdraft would be shown within current liabilities.

Trade and other debtors are initially recognised at fair value and subsequently measured at amortised cost using the effective interest method, less losses for bad debts except where the effect of discounting would be immaterial. In such cases, trade and other debtors are stated at cost less losses for bad debts.

Trade and other creditors are initially recognised at fair value and subsequently measured at amortised cost using the effective interest rate unless the effect of discounting would be immaterial. In such cases, trade and other creditors are stated at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Employment benefits

The total cost of employee benefits to which employees have become entitled as a result of service rendered to the entity during the reporting period are recognised and charged to the profit and loss account in the period to which they relate.

Provision for liabilities

A provision for liabilities is initially recognised when there is an obligation at the balance sheet date as the result of a past event, it is probable that there will be the transfer of funds in settlement and the amount of the obligation can be estimated readily. The provision is subsequently measured by placing a charge against the provision only for expenditure for which the provision was originally recognised.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2024

and 31 May 2025

100,386

DEPRECIATION

At 1 June 2024

53,477

Charge for year

9,379

At 31 May 2025

62,856

NET BOOK VALUE

At 31 May 2025

37,530

At 31 May 2024

46,909

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 June 2024

and 31 May 2025

54,564

DEPRECIATION

At 1 June 2024

19,644

Charge for year

6,984

At 31 May 2025

26,628

NET BOOK VALUE

At 31 May 2025

27,936

At 31 May 2024

34,920

5.

DEBTORS

2025

2024

£

Amounts falling due within one year:

Trade debtors

66,185

67,567

Other debtors

52,053

27,870

118,238

95,437

Amounts falling due after more than one year:

Other debtors

21,298

-

Aggregate amounts

139,536

95,437

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

267,371

87,964

Hire purchase contracts (see note 8)

9,778

Trade creditors

166,770

125,007

Taxation and social security

64,049

76,430

Other creditors

16,360

3,600

524,328

302,779

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans

3,345

13,768

Hire purchase contracts (see note 8)

17,804

27,582

21,149

41,350

The bank loan relates to a Bounce Back Loan Scheme. The loan is due to be repaid within six years, including an initial repayment holiday of one year. Interest on the 'Bounce Back Loan' is 2.5% per year with the UK Government paying the interest for the first year.

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

Gross obligations repayable:

Within one year

11,724

Between one and five years

19,885

31,609

43,333

Finance charges repayable:

Within one year

1,946

Between one and five years

2,081

4,027

5,973

Net obligations repayable:

Within one year

9,778

Between one and five years

17,804

27,582

37,360

Non-cancellable

operating leases

2025

2024

£

Within one year

2,247

2,100

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Hire purchase contracts

27,582

37,360

The hire purchase liability is secured over the assets to which they relate.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2025 and 31 May 2024:

2025

2024

£

D T Martin

Balance outstanding at start of year

12,684

7,667

Amounts advanced

13,460

5,017

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

26,144

12,684

G Martin

Balance outstanding at start of year

-

Amounts advanced

16,050

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

16,050

-

The loan is considered to be interest free and repayable on demand.

11.	RELATED PARTY DISCLOSURES

No related party transactions were concluded under abnormal market conditions other than that of the amount due from the director disclosed in note 11.