Company Registration No. 09833488 (England and Wales)
Perky Blenders Coffee Roasters Ltd
Unaudited accounts
for the year ended 31 March 2021
Perky Blenders Coffee Roasters Ltd
Unaudited accounts
Contents
Perky Blenders Coffee Roasters Ltd
Company Information
for the year ended 31 March 2021
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
Perky Blenders Coffee Roasters Ltd
Statement of financial position
as at 31 March 2021
Tangible assets
98,667
111,690
Cash at bank and in hand
19,149
26,647
Creditors: amounts falling due within one year
(150,303)
(156,888)
Net current liabilities
(25,852)
(51,706)
Total assets less current liabilities
72,815
59,984
Creditors: amounts falling due after more than one year
(26,246)
(32,460)
Called up share capital
100
100
Profit and loss account
46,469
27,424
Shareholders' funds
46,569
27,524
For the year ending 31 March 2021 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 5 May 2021 and were signed on its behalf by
Mr Adam Cozens
Director
Company Registration No. 09833488
Perky Blenders Coffee Roasters Ltd
Notes to the Accounts
for the year ended 31 March 2021
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.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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.
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.
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.
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:
Fixtures & fittings
12 years
Perky Blenders Coffee Roasters Ltd
Notes to the Accounts
for the year ended 31 March 2021
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.
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2020
4,809
171,191
3,165
179,165
Additions
-
12,323
7,712
20,035
Disposals
-
(45,859)
-
(45,859)
At 31 March 2021
4,809
137,655
10,877
153,341
At 1 April 2020
3,038
63,102
1,335
67,475
Charge for the year
443
23,583
1,163
25,189
On disposals
-
(37,990)
-
(37,990)
At 31 March 2021
3,481
48,695
2,498
54,674
At 31 March 2021
1,328
88,960
8,379
98,667
At 31 March 2020
1,771
108,089
1,830
111,690
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Debtors: amounts falling due within one year
2021
2020
Trade debtors
30,290
46,807
Amounts due from group undertakings etc.
-
2,436
Accrued income and prepayments
3,433
-
Other debtors
5,686
17,313
Debtors: amounts falling due after more than one year
Amounts due from group undertakings etc.
44,541
-
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Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
6,616
6,616
Obligations under finance leases and hire purchase contracts
-
30,677
Trade creditors
89,766
34,540
Amounts owed to group undertakings and other participating interests
26,126
8,279
Taxes and social security
5,899
5,122
Other creditors
3,127
13,319
Loans from directors
17,179
58,335
Perky Blenders Coffee Roasters Ltd
Notes to the Accounts
for the year ended 31 March 2021
7
Creditors: amounts falling due after more than one year
2021
2020
Other creditors
20,322
20,321
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Mr A Cozens is the ultimate controlling party by virtue of his majority shareholding in Group Head Limited, the company's parent.
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Average number of employees
During the year the average number of employees was 9 (2020: 5).
