Espresso 10 Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 09480949 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Espresso 10 Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTORS:

N D Pittaway

Mrs L D Pittaway

REGISTERED OFFICE:

12 Station Road Brompton On Swale

Richmond

North Yorkshire

DL10 7SN

REGISTERED NUMBER:

09480949 (England and Wales)

ACCOUNTANTS:

Beaumonts

8 Navigation Court

Calder Park

Wakefield

West Yorkshire

WF2 7BJ

FIXED ASSETS

Intangible assets

4

4,000

6,000

Tangible assets

5

187,594

193,214

191,594

199,214

CURRENT ASSETS

Stocks

15,025

14,325

Debtors

6

1,817

2,317

Cash at bank

60,905

98,019

77,747

114,661

CREDITORS

Amounts falling due within one year

7

53,192

64,126

NET CURRENT ASSETS

24,555

50,535

TOTAL ASSETS LESS CURRENT LIABILITIES

216,149

249,749

CREDITORS

Amounts falling due after more than one year

8

(14,174

)

(29,326

)

PROVISIONS FOR LIABILITIES

(4,584

)

-

NET ASSETS

197,391

220,423

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

197,291

220,323

197,391

220,423

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 December 2023 and were signed on its behalf by:

Mrs L D Pittaway - Director

1.	STATUTORY INFORMATION

Espresso 10 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

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

Goodwill

Goodwill is being amortised evenly over its estimated useful life.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Improvements to property

-

2% on cost

Plant and machinery

-

15% to 20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2022

and 31 March 2023

20,000

AMORTISATION

At 1 April 2022

14,000

Charge for year

2,000

At 31 March 2023

16,000

NET BOOK VALUE

At 31 March 2023

4,000

At 31 March 2022

6,000

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 April 2022

196,950

2,061

10,197

Additions

-

-

6,533

Disposals

-

-

(6,374

)

At 31 March 2023

196,950

2,061

10,356

DEPRECIATION

At 1 April 2022

25,563

247

6,348

Charge for year

3,900

41

717

Eliminated on disposal

-

-

(4,003

)

At 31 March 2023

29,463

288

3,062

NET BOOK VALUE

At 31 March 2023

167,487

1,773

7,294

At 31 March 2022

171,387

1,814

3,849

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2022

31,117

1,469

241,794

Additions

71

2,911

9,515

Disposals

(15,251

)

(1,469

)

(23,094

)

At 31 March 2023

15,937

2,911

228,215

DEPRECIATION

At 1 April 2022

14,953

1,469

48,580

Charge for year

1,510

480

6,648

Eliminated on disposal

(9,135

)

(1,469

)

(14,607

)

At 31 March 2023

7,328

480

40,621

NET BOOK VALUE

At 31 March 2023

8,609

2,431

187,594

At 31 March 2022

16,164

-

193,214

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Other debtors

1,817

2,317

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans and overdrafts

16,080

18,000

Trade creditors

559

1,991

Taxation and social security

29,305

27,371

Other creditors

7,248

16,764

53,192

64,126

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans

14,174

29,326

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.23

31.3.22

£

£

Bank loans

30,254

47,326

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Espresso 10 Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Espresso 10 Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Espresso 10 Limited and state those matters that we have agreed to state to the Board of Directors of Espresso 10 Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Espresso 10 Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Espresso 10 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Espresso 10 Limited. You consider that Espresso 10 Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Espresso 10 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Beaumonts

8 Navigation Court

Calder Park

Wakefield

West Yorkshire

WF2 7BJ

21 December 2023