Traders Coffee Limited - Accounts to registrar - small 16.3d

REGISTERED NUMBER: 04613848 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2017

for

Traders Coffee Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

J A Green

Miss J Russell

SECRETARY:

J A Green

REGISTERED OFFICE:

274 Ewell Road

Surbiton

Surrey

KT6 7AG

REGISTERED NUMBER:

04613848 (England and Wales)

ACCOUNTANTS:

SLOANE WINCKLESS & CO

2-4 Stoneleigh Park Road

Epsom

Surrey

KT19 0QT

FIXED ASSETS

Intangible assets

4

4,750

9,500

Tangible assets

5

1,120,576

1,066,426

1,125,326

1,075,926

CURRENT ASSETS

Stocks

404,495

307,052

Debtors

6

270,895

226,307

Cash in hand

291,661

276,525

967,051

809,884

CREDITORS

Amounts falling due within one year

7

545,283

418,499

NET CURRENT ASSETS

421,768

391,385

TOTAL ASSETS LESS CURRENT LIABILITIES

1,547,094

1,467,311

CREDITORS

Amounts falling due after more than one year

8

(265,421

)

(517,262

)

PROVISIONS FOR LIABILITIES

(41,858

)

(43,335

)

NET ASSETS

1,239,815

906,714

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,239,814

906,713

SHAREHOLDERS' FUNDS

1,239,815

906,714

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 25 April 2017 and were signed on its behalf by:

J A Green - Director

Miss J Russell - Director

1.	STATUTORY INFORMATION

Traders Coffee 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less

any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Land and buildings

-

at variable rates on reducing balance

Plant and machinery etc

-

25% on reducing balance and at variable rates on 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.

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 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.

Intangible assets and amortisation

Goodwill was acquired as part of the purchase of the company's business and a subsequent purchase at £45,000.

It will be amortised to the profit and loss account over its remaining useful economic life of ten years in

accordance with the provisions of FRS10.

Foreign currencies

In respect of monetary assets and liabilities at the balance sheet date, currencies are translated at year end rates of

exchange. Assets, liabilities, revenues and costs are recorded at the average rates of exchange ruling during the

year. All exchange differences arising are reported as part of the results of the year.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2016

and 31 January 2017

95,000

AMORTISATION

At 1 February 2016

85,500

Charge for year

4,750

At 31 January 2017

90,250

NET BOOK VALUE

At 31 January 2017

4,750

At 31 January 2016

9,500

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 February 2016

759,454

820,446

1,579,900

Additions

-

184,433

184,433

Disposals

-

(89,109

)

(89,109

)

At 31 January 2017

759,454

915,770

1,675,224

DEPRECIATION

At 1 February 2016

86,135

427,339

513,474

Charge for year

13,467

103,280

116,747

Eliminated on disposal

-

(75,573

)

(75,573

)

At 31 January 2017

99,602

455,046

554,648

NET BOOK VALUE

At 31 January 2017

659,852

460,724

1,120,576

At 31 January 2016

673,319

393,107

1,066,426

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.17

31.1.16

£

£

Trade debtors

200,492

193,061

Other debtors

70,403

33,246

270,895

226,307

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.17

31.1.16

£

£

Bank loans and overdrafts

21,576

94,040

Trade creditors

157,870

123,638

Taxation and social security

68,346

51,776

Other creditors

297,491

149,045

545,283

418,499

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.17

31.1.16

£

£

Bank loans

127,421

138,488

Other creditors

138,000

378,774

265,421

517,262

9.	RELATED PARTY DISCLOSURES

Mr. J.A. Green is a director of the company and owns 100% of the issued share capital.

During the year, rentals of £18,520 (2016 - £18,520) were paid to the directors.

At the balance sheet date, a sum of £156,000 (2016 - £278,527) was due by the company to Mr. Green and

£120,000 (2014 - £100,247) was owed to Miss. J. Russell.

The company supplied substantial sales at arms length to The Coffee Bay Company Limited a company in which

Mr. Green is the sole director and shareholder.

The following reproduces the text of the report prepared for the directors and members 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.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2017 set out on pages to and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

SLOANE WINCKLESS & CO

2-4 Stoneleigh Park Road

Epsom

Surrey

KT19 0QT

Date: .............................................