Madisons Coffee plc
Consolidated profit and loss account
for the 28 week period ended 12 January 2003
 
  28 week 28 week 53 week
 period period period
  ended ended ended
 12 January 6 January 30 June
 2003 2002  2002
 Total Total Total
 Notes £'000 £'000 £'000
 
Turnover  6,637 7,755 13,321
Cost of sales (3,904) (4,747) (8,161)
 
Gross profit 2,733  3,008 5,160
 
Administrative expenses (3,026) (3,755) (6,617)
Other operating income 3 - 153 328
 
Operating loss before exceptional item (293) (594) (1,129)
Operating exceptional item
Net (loss)/profit on disposal of fixed (21) 37 (9)
assets
Operating Loss after exceptional item (314) (557) (1,138)
Interest receivable 13 11 18
Interest payable and similar charges  (14) (23) (34)
 
Loss on ordinary activities before (315) (569) (1,154)
taxation
Taxation on loss on ordinary - (3) (3)
activities
 
Loss for the financial period (315) (572) (1,157)
 
Loss per share 4 (0.6p) (1.0p) (2.1p)
 
Diluted loss per share 4 (0.6p) (1.0p) (2.1p)
 
 
There were no recognised gains and losses during the current and previous
periods other than the results reported above.
 
 
Madisons Coffee plc
Consolidated balance sheet
at 12 January 2003
 
 
 12 January 6 January 2002 30 June
 2003 2002
  £'000 £'000 £'000
 
Fixed assets
Intangible assets 335 354 345
Tangible assets  3,560 4,880 4,497
 3,895 5,234 4,842
Current assets
Stocks 232  293 254
Debtors 483 900 1,240
Cash at bank and in hand 856 899 186
  1,571 2,092 1,680
Creditors: amounts falling due within 
one year (2,265) (3,125) (2,986)
 
Net current liabilities  (694) (1,033) (1,306)
 
Total assets less current liabilities 3,201 4,201 3,536
Creditors: amounts falling due after more than (136)  (236) (156)
one year
 
Net assets 3,065 3,965 3,380
 
Capital and reserves
Ordinary shares 548 548 548
Preference shares 1,088 1,088 1,088
 
Called up share capital 1,636 1,636 1,636
Warrants reserve  70 70 70
Share premium account 9,435 9,435 9,435
Merger reserves 902  902 902
Profit and loss account (8,978) (8,078) (8,663)
 
Equity shareholders' funds 1,977 2,877 2,292
Non-equity shareholders' funds 1,088 1,088 1,088
 
Shareholders' funds 3,065 3,965 3,380
 
 
Madisons Coffee plc
Consolidated cash flow statement
for the 28 week period ended 12 January 2003
 
 
 Note 28 week 28 week 53 week
 period period period
 ended ended ended
 12 January 6 January 30 June
  2003 2002 2002
 Total Total Total
 £'000 £'000 £'000
 
Cash inflow/(outflow) from operating 6 217 (199) (754)
activities
Returns on investments and servicing 2 (28) (36)
of finance
Taxation - (3) (3)
 
Capital expenditure and financial 481 703 631
investment
 
Cash inflow/(outflow) before financing 700 473 (162)
Management of liquid resources and (30) (100) (177)
financing
Increase/(decrease) in cash in the  670 373 (339)
period