ORIGIN COFFEE (HOLDINGS) LIMITED

Company Registration Number:
08604373 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2025

Period of accounts

Start date: 1 February 2024

End date: 31 January 2025

ORIGIN COFFEE (HOLDINGS) LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2025

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

ORIGIN COFFEE (HOLDINGS) LIMITED

Directors' report period ended 31 January 2025

The directors present their report with the financial statements of the company for the period ended 31 January 2025

Principal activities of the company

Origin Coffee (Holdings) Limited (Origin) is a specialty coffee roasters. We source, roast and retail coffee through our wholesale partners and directly to our customers through our coffee shops and online store. We measure our success through the quality of our coffee, our environmental impact and profits. During the financial year ending January 2025, we managed to increase our year-on-year EBITDA by 93% to £1.65m, whilst also being recognised as the Best Specialty Coffee Roaster in Europe in the Allegra European Coffee Awards for the second consecutive year. We progressed our sustainability agenda - we became officially certified as a B Corp in 2020 and we are pleased to have improved our score to 95.6. We grew revenue (from £13m in FY24 to £16m in FY25). We closed the financial year with a strong balance sheet (CY £2.26m up from £1.85m) with an extended roastery, improvement to operations and a new store in Edinburgh. We publish our Impact Report annually. The most recent can be found at https://www.origincoffee.co.uk/blogs/journal/impact-report-2023-24. This year we made progress around Governance, Workers and Environment including generating our own energy and closely monitoring usage to reduce emissions, gaining more advanced insights into our supply chain, enhancing employee benefits and development pathways, and improving communications and transparency relating to our impact.

Company policy on disabled employees

We have a recruitment policy to ensure that all applications for employment, including those made by disabled persons, are given full and fair consideration considering the applicants' aptitudes and abilities. There is also an equal opportunities policy to ensure that all employees are treated equally in terms of employment, training, career development and promotion. Where employees develop a disability during their employment, every effort is made to continue their employment and arrange for appropriate training as far as is reasonably practicable.



Directors

The directors shown below have held office during the whole of the period from
1 February 2024 to 31 January 2025

Daniel Goodenough
Thomas Sobey
Tracy Doree
David Bernstein
Emma Mckeever


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
2 May 2025

And signed on behalf of the board by:
Name: Daniel Goodenough
Status: Director

ORIGIN COFFEE (HOLDINGS) LIMITED

Profit And Loss Account

for the Period Ended 31 January 2025

2025 2024


£

£
Turnover: 15,951,643 13,083,248
Cost of sales: ( 7,317,701 ) ( 6,768,893 )
Gross profit(or loss): 8,633,942 6,314,355
Administrative expenses: ( 7,902,531 ) ( 6,571,856 )
Other operating income: 17,799
Operating profit(or loss): 731,411 (239,702)
Interest receivable and similar income: 47,941 228,056
Interest payable and similar charges: ( 205,271 ) ( 149,095 )
Profit(or loss) before tax: 574,081 (160,741)
Tax: ( 207,084 ) ( 23,107 )
Profit(or loss) for the financial year: 366,997 (183,848)

ORIGIN COFFEE (HOLDINGS) LIMITED

Balance sheet

As at 31 January 2025

Notes 2025 2024


£

£
Fixed assets
Intangible assets: 3 125,092 130,956
Tangible assets: 4 3,589,059 2,405,597
Total fixed assets: 3,714,151 2,536,553
Current assets
Stocks: 5 759,052 610,962
Debtors: 6 1,208,864 1,241,986
Cash at bank and in hand: 760,603 1,040,197
Total current assets: 2,728,519 2,893,145
Creditors: amounts falling due within one year: 7 ( 2,066,324 ) ( 1,927,374 )
Net current assets (liabilities): 662,195 965,771
Total assets less current liabilities: 4,376,346 3,502,324
Creditors: amounts falling due after more than one year: 8 ( 1,544,091 ) ( 1,287,973 )
Provision for liabilities: ( 573,662 ) ( 366,578 )
Total net assets (liabilities): 2,258,593 1,847,773
Capital and reserves
Called up share capital: 438 438
Share premium account: 1,199,394 1,199,394
Other reserves: 43,823
Profit and loss account: 1,014,938 647,941
Total Shareholders' funds: 2,258,593 1,847,773

The notes form part of these financial statements

ORIGIN COFFEE (HOLDINGS) LIMITED

Balance sheet statements

For the year ending 31 January 2025 the company was entitled to exemption 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.

This report was approved by the board of directors on 2 May 2025
and signed on behalf of the board by:

Name: Daniel Goodenough
Status: Director

The notes form part of these financial statements

ORIGIN COFFEE (HOLDINGS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue from the sale of goods and services is recognised across the group based on when the significant risks and rewards are transferred to the buyer. The form of this ranges in substance between Origin Coffee Ltd, where it is based on delivery date to the customer and Origin Coffee Retail Limited, where it is based on the customer physically receiving the stock or service on the premise. Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: the group has transferred the significant risks and rewards of ownership to the buyer; the group retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; the amount of revenue can be measured reliably, it is probable that the group will receive the consideration due under the transaction; and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

    Tangible fixed assets depreciation policy

    Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis: Long-term leasehold improvements - 10 - 20% Plant and machinery - 20% Motor vehicles - 20% Fixtures and fittings - 25% The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals

    Intangible fixed assets amortisation policy

    Goodwill Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of the group's share of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Consolidated Statement of Comprehensive Income over its useful economic life. Other intangible assets Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years. The estimated useful lives range as follows: Goodwill - 5 - 10% straight line Trademarks - 20% straight line Internally generated software development costs - 20% straight line

    Valuation information and policy

    Investments in subsidiaries are measured at cost less accumulated impairment. Investments in unlisted group shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Consolidated Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment. Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

ORIGIN COFFEE (HOLDINGS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 117 102

ORIGIN COFFEE (HOLDINGS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 February 2024 165,000 164,700 329,700
Additions 27,717 27,717
Disposals
Revaluations
Transfers
At 31 January 2025 165,000 192,417 357,417
Amortisation
At 1 February 2024 148,230 50,514 198,744
Charge for year 33,581 33,581
On disposals
Other adjustments
At 31 January 2025 148,230 84,095 232,325
Net book value
At 31 January 2025 16,770 108,322 125,092
At 31 January 2024 16,770 114,186 130,956

ORIGIN COFFEE (HOLDINGS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2024 907,995 3,496,520 544,938 99,748 5,049,201
Additions 627,632 1,154,113 252,736 2,034,481
Disposals ( 88,902 ) ( 8,367 ) ( 46,403 ) ( 143,672 )
Revaluations
Transfers
At 31 January 2025 1,535,627 4,561,731 789,307 53,345 6,940,010
Depreciation
At 1 February 2024 183,135 2,198,348 203,892 58,229 2,643,604
Charge for year 136,470 538,828 146,126 12,989 834,413
On disposals ( 82,000 ) ( 4,077 ) ( 40,989 ) ( 127,066 )
Other adjustments
At 31 January 2025 319,605 2,655,176 345,941 30,229 3,350,951
Net book value
At 31 January 2025 1,216,022 1,906,555 443,366 23,116 3,589,059
At 31 January 2024 724,860 1,298,172 341,046 41,519 2,405,597

ORIGIN COFFEE (HOLDINGS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

5. Stocks

2025 2024
£ £
Stocks 759,052 610,962
Total 759,052 610,962

ORIGIN COFFEE (HOLDINGS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

6. Debtors

2025 2024
£ £
Trade debtors 755,883 819,695
Prepayments and accrued income 156,490 235,688
Other debtors 296,491 186,603
Total 1,208,864 1,241,986

ORIGIN COFFEE (HOLDINGS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

7. Creditors: amounts falling due within one year note

2025 2024
£ £
Bank loans and overdrafts 54,545 54,546
Amounts due under finance leases and hire purchase contracts 418,282 278,320
Trade creditors 1,123,738 1,200,607
Taxation and social security 134,826 126,237
Accruals and deferred income 126,968 127,614
Other creditors 207,965 140,050
Total 2,066,324 1,927,374

ORIGIN COFFEE (HOLDINGS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

8. Creditors: amounts falling due after more than one year note

2025 2024
£ £
Bank loans and overdrafts 13,637 68,182
Amounts due under finance leases and hire purchase contracts 870,989 541,694
Other creditors 659,465 678,097
Total 1,544,091 1,287,973