Blue Cap Coffee Limited Filleted accounts for Companies House (small and micro)

BLUE CAP COFFEE LTD - Company Information

4 false false false false false false false false false true false false false false false false No description of principal activity 2021-11-01 Sage Accounts Production Advanced 2021 - FRS102_2021 324,427 97,326 16,221 113,547 210,880 227,101 xbrli:pure xbrli:shares iso4217:GBP 02716657 2021-11-01 2022-10-31 02716657 2022-10-31 02716657 2021-10-31 02716657 2020-11-01 2021-10-31 02716657 2021-10-31 02716657 core:NetGoodwill 2021-11-01 2022-10-31 02716657 core:PlantMachinery 2021-11-01 2022-10-31 02716657 core:FurnitureFittings 2021-11-01 2022-10-31 02716657 bus:Director1 2021-11-01 2022-10-31 02716657 core:NetGoodwill 2021-10-31 02716657 core:NetGoodwill 2022-10-31 02716657 core:LandBuildings 2021-10-31 02716657 core:PlantMachinery 2021-10-31 02716657 core:FurnitureFittings 2021-10-31 02716657 core:LandBuildings 2022-10-31 02716657 core:PlantMachinery 2022-10-31 02716657 core:FurnitureFittings 2022-10-31 02716657 core:WithinOneYear 2022-10-31 02716657 core:WithinOneYear 2021-10-31 02716657 core:AfterOneYear 2022-10-31 02716657 core:AfterOneYear 2021-10-31 02716657 core:ShareCapital 2022-10-31 02716657 core:ShareCapital 2021-10-31 02716657 core:SharePremium 2022-10-31 02716657 core:SharePremium 2021-10-31 02716657 core:RetainedEarningsAccumulatedLosses 2022-10-31 02716657 core:RetainedEarningsAccumulatedLosses 2021-10-31 02716657 core:NetGoodwill 2021-10-31 02716657 core:LandBuildings 2021-10-31 02716657 core:PlantMachinery 2021-10-31 02716657 bus:Director1 2021-10-31 02716657 bus:Director1 2022-10-31 02716657 bus:Director1 2021-10-31 02716657 bus:Director1 2020-11-01 2021-10-31 02716657 bus:SmallEntities 2021-11-01 2022-10-31 02716657 bus:AuditExemptWithAccountantsReport 2021-11-01 2022-10-31 02716657 bus:FullAccounts 2021-11-01 2022-10-31 02716657 bus:SmallCompaniesRegimeForAccounts 2021-11-01 2022-10-31 02716657 bus:PrivateLimitedCompanyLtd 2021-11-01 2022-10-31 02716657 core:OtherPropertyPlantEquipment 2021-11-01 2022-10-31 02716657 core:OfficeEquipment 2021-11-01 2022-10-31 02716657 core:OtherPropertyPlantEquipment 2021-10-31 02716657 core:OfficeEquipment 2021-10-31 02716657 core:OtherPropertyPlantEquipment 2022-10-31 02716657 core:OfficeEquipment 2022-10-31

COMPANY REGISTRATION NUMBER: 02716657

Blue Cap Coffee Limited

Filleted Unaudited Financial Statements

31 October 2022

Blue Cap Coffee Limited

Statement of Financial Position

31 October 2022

	2022		2021
Note	£	£	£

Fixed assets

Intangible assets	5	210,880	227,101
Tangible assets	6	96,619	115,133
		---------	---------
		307,499	342,234

Current assets

Stocks		94,649	115,346
Debtors	7	543,048	557,133
Cash at bank and in hand		3,602	5,405
		---------	---------
		641,299	677,884

Creditors: amounts falling due within one year	8	466,846		300,759
		---------		---------
Net current assets			174,453	377,125
			---------	---------
Total assets less current liabilities			481,952	719,359

Creditors: amounts falling due after more than one year	9	351,180	576,978
		---------	---------
Net assets		130,772	142,381
		---------	---------

Capital and reserves

Called up share capital	1,134	1,134
Share premium account	180,926	180,926
Profit and loss account	( 51,288)	( 39,679)
	---------	---------
Shareholders funds	130,772	142,381
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 October 2022 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Blue Cap Coffee Limited

Statement of Financial Position (continued)

31 October 2022

These financial statements were approved by the board of directors and authorised for issue on 7 August 2023 , and are signed on behalf of the board by:

J B Williams

Director

Company registration number: 02716657

Blue Cap Coffee Limited

Notes to the Financial Statements

Year ended 31 October 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 88 Sheep Street, Bicester, Oxfordshire, OX26 6LP.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	5% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & Machinery	-	25% reducing balance
Fixtures & Fittings	-	20% reducing balance
Brand Design	-	33% straight line
Office Equipment	-	20% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2021: 4 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 November 2021 and 31 October 2022	324,427
	---------
Amortisation
At 1 November 2021	97,326
Charge for the year	16,221
	---------
At 31 October 2022	113,547
	---------
Carrying amount
At 31 October 2022	210,880
	---------
At 31 October 2021	227,101
	---------

6. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Equipment	User defined asset	Total
	£	£	£	£	£	£
Cost
At 1 Nov 2021	41,202	796,588	2,660	85,727	16,605	942,782
Additions	–	13,408	–	7,024	300	20,732
	--------	---------	-------	--------	--------	---------
At 31 Oct 2022	41,202	809,996	2,660	92,751	16,905	963,514
	--------	---------	-------	--------	--------	---------
Depreciation
At 1 Nov 2021	8,240	729,558	2,660	73,068	14,123	827,649
Charge for the year	–	30,401	–	7,378	1,467	39,246
	--------	---------	-------	--------	--------	---------
At 31 Oct 2022	8,240	759,959	2,660	80,446	15,590	866,895
	--------	---------	-------	--------	--------	---------
Carrying amount
At 31 Oct 2022	32,962	50,037	–	12,305	1,315	96,619
	--------	---------	-------	--------	--------	---------
At 31 Oct 2021	32,962	67,030	–	12,659	2,482	115,133
	--------	---------	-------	--------	--------	---------

7. Debtors

	2022	2021
	£	£
Trade debtors	230,668	205,796
Other debtors	312,380	351,337
	---------	---------
	543,048	557,133
	---------	---------

8. Creditors: amounts falling due within one year

	2022	2021
	£	£
Bank loans and overdrafts	128,000	30,000
Trade creditors	172,021	169,517
Corporation tax	48,803	64,112
Social security and other taxes	3,266	4,284
Lloyds invoice discounting	68,811	7,535
Net wages	4,666	5,923
Other creditors	41,279	19,388
	---------	---------
	466,846	300,759
	---------	---------

9. Creditors: amounts falling due after more than one year

	2022	2021
	£	£
Bank loans and overdrafts	351,180	576,978
	---------	---------

10. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2022
	Balance brought forward	Amounts repaid	Balance outstanding
	£	£	£
J B Williams	104,677	14,661	119,338
	---------	--------	---------

	2021
	Balance brought forward	Amounts repaid	Balance outstanding
	£	£	£
J B Williams	–	104,677	104,677
	----	---------	---------