Perky Blenders Coffee Roasters Ltd

Perky Blenders Coffee Roasters Ltd

PERKY BLENDERS COFFEE ROASTERS LTD - Company Information

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1 April 2019 false No description of principal activity Taxfiler 2021.2 09833488business:PrivateLimitedCompanyLtd2019-04-012020-03-31 098334882019-03-31 098334882019-04-012020-03-31 09833488business:AuditExemptWithAccountantsReport2019-04-012020-03-31 09833488business:FullAccounts2019-04-012020-03-31 098334882020-03-31 09833488business:Director12019-04-012020-03-31 09833488business:Director22019-04-012020-03-31 09833488business:RegisteredOffice2019-04-012020-03-31 098334882019-03-31 09833488core:WithinOneYear2020-03-31 09833488core:WithinOneYear2019-03-31 09833488core:AfterOneYear2020-03-31 09833488core:AfterOneYear2019-03-31 09833488core:ShareCapital2020-03-31 09833488core:ShareCapital2019-03-31 09833488core:RetainedEarningsAccumulatedLosses2020-03-31 09833488core:RetainedEarningsAccumulatedLosses2019-03-31 09833488business:SmallEntities2019-04-012020-03-31 09833488countries:EnglandWales2019-04-012020-03-31 09833488core:PlantMachinery2019-04-012020-03-31 09833488core:MotorVehicles2019-04-012020-03-31 09833488core:FurnitureFittings2019-04-012020-03-31 09833488core:LandBuildings2019-03-31 09833488core:PlantMachinery2019-03-31 09833488core:FurnitureFittings2019-03-31 09833488core:LandBuildings2019-04-012020-03-31 09833488core:LandBuildings2020-03-31 09833488core:PlantMachinery2020-03-31 09833488core:FurnitureFittings2020-03-31 09833488business:OrdinaryShareClass12019-04-012020-03-31 09833488business:OrdinaryShareClass12018-04-012019-03-31 098334882018-04-012019-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 09833488 (England and Wales)
Perky Blenders Coffee Roasters Ltd Unaudited accounts for the year ended 31 March 2020
Perky Blenders Coffee Roasters Ltd Unaudited accounts Contents
Page
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Perky Blenders Coffee Roasters Ltd Company Information for the year ended 31 March 2020
Directors
Mr Adam Cozens Mrs Victoria Cozens
Company Number
09833488 (England and Wales)
Registered Office
UNIT 10 ACACIA BUSINESS CENTRE HOWARD RD LEYTONSTONE LONDON E11 3PJ UNITED KINGDOM
Accountants
Thriveworks Ltd Albert House 256-260 Old Street London EC1V 9DD
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Perky Blenders Coffee Roasters Ltd for the year ended 31 March 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Perky Blenders Coffee Roasters Ltd for the year ended 31 March 2020 as set out on pages 5 - 8 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Thriveworks Ltd Chartered Certified Accountants Albert House 256-260 Old Street London EC1V 9DD 30 March 2021
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Perky Blenders Coffee Roasters Ltd Statement of financial position as at 31 March 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
111,690 
87,031 
Current assets
Inventories
5,907 
5,907 
Debtors
5
72,628 
53,053 
Cash at bank and in hand
26,647 
18,867 
105,182 
77,827 
Creditors: amounts falling due within one year
6
(156,888)
(172,468)
Net current liabilities
(51,706)
(94,641)
Total assets less current liabilities
59,984 
(7,610)
Creditors: amounts falling due after more than one year
7
(32,460)
(18,756)
Net assets/(liabilities)
27,524 
(26,366)
Capital and reserves
Called up share capital
8
100 
100 
Profit and loss account
27,424 
(26,466)
Shareholders' funds
27,524 
(26,366)
For the year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2021 and were signed on its behalf by
Mr Adam Cozens Director Company Registration No. 09833488
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Perky Blenders Coffee Roasters Ltd Notes to the Accounts for the year ended 31 March 2020
1
Statutory information
Perky Blenders Coffee Roasters Ltd is a private company, limited by shares, registered in England and Wales, registration number 09833488. The registered office is UNIT 10 ACACIA BUSINESS CENTRE, HOWARD RD, LEYTONSTONE, LONDON, E11 3PJ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
4 years
Motor vehicles
4 years
Fixtures & fittings
12 years
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Perky Blenders Coffee Roasters Ltd Notes to the Accounts for the year ended 31 March 2020
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2019
16,587 
5,596 
108,929 
131,112 
Additions
5,164 
- 
57,739 
62,903 
Disposals
- 
- 
(14,850)
(14,850)
At 31 March 2020
21,751 
5,596 
151,818 
179,165 
Depreciation
At 1 April 2019
3,012 
3,236 
37,833 
44,081 
Charge for the year
1,464 
590 
21,340 
23,394 
At 31 March 2020
4,476 
3,826 
59,173 
67,475 
Net book value
At 31 March 2020
17,275 
1,770 
92,645 
111,690 
At 31 March 2019
13,575 
2,360 
71,096 
87,031 
5
Debtors
2020 
2019 
£ 
£ 
Less than one year
VAT
6,072 
- 
Trade debtors
46,807 
36,842 
Amounts due from group undertakings etc.
2,436 
- 
Other debtors
17,313 
16,211 
Total debtors less than one year
72,628 
53,053 
Greater than one year
Total debtors
72,628 
53,053 
6
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Bank loans and overdrafts
6,616 
5,874 
Obligations under finance leases and hire purchase contracts
30,677 
- 
Trade creditors
34,540 
24,702 
Amounts owed to group undertakings and other participating interests
8,279 
- 
Taxes and social security
5,122 
1,760 
Other creditors
13,319 
140,132 
Loans from directors
58,335 
- 
156,888 
172,468 
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Perky Blenders Coffee Roasters Ltd Notes to the Accounts for the year ended 31 March 2020
7
Creditors: amounts falling due after more than one year
2020 
2019 
£ 
£ 
Bank loans
12,139 
18,756 
Other creditors
20,321 
- 
32,460 
18,756 
8
Share capital
2020 
2019 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Controlling party
Mr A Cozens is the ultimate controlling party by virtue of his majority shareholding in Group Head Limited, the company's parent.
10
Average number of employees
During the year the average number of employees was 5 (2019: 5).
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