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REGISTERED NUMBER: 15529231 (England and Wales)

























Report of the Directors and

Financial Statements

for the Period

28 February 2024 to 28 February 2025

for

Elsewhere Coffee Ltd

Elsewhere Coffee Ltd (Registered number: 15529231)






Contents of the Financial Statements
for the Period 28 February 2024 to 28 February 2025




Page

Company Information 1

Report of the Directors 2

Balance Sheet 4

Notes to the Financial Statements 6


Elsewhere Coffee Ltd

Company Information
for the Period 28 February 2024 to 28 February 2025







DIRECTORS: S Fagg
A D Quinan





REGISTERED OFFICE: The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR





REGISTERED NUMBER: 15529231 (England and Wales)





ACCOUNTANTS: Mander Duffill
Chartered Accountants
The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR

Elsewhere Coffee Ltd (Registered number: 15529231)

Report of the Directors
for the Period 28 February 2024 to 28 February 2025

The directors present their report with the financial statements of the company for the period 28 February 2024 to 28 February 2025.

INCORPORATION
The company was incorporated on 28 February 2024 .

REVIEW OF BUSINESS
As anticipated, the business’ first 10 months of trading involved significant upfront investment, resulting in temporarily inflated cost of sales. These costs reflect strategic, growth-focused decisions intended to establish a robust operational foundation and accelerate the business’ presence across 3 key market segments - Wholesale, Direct to Consumer retail (D2C) and Café retail.

Capital Investments

Key investments have been made in infrastructure and talent to support long-term scalability and quality. This
included the acquisition of new equipment at the Roastery to improve production efficiency and consistency and to ensure the best possible offering to local customers. The launch of a new retail kiosk in Hackney has enhanced direct-to-consumer engagement and brand visibility. The business has also invested in high-calibre talent across key roles to drive performance and accelerate growth.

Wholesale Expansion

Wholesale revenue has doubled between May 2024 and February 2025. This has been driven by the acquisition of new wholesale partnerships and growth of existing client relationships. New relationships have largely been secured by offering coffee machine and equipment deals financed upfront by the business. The business has secured long-term relationships with key clients through multiyear exclusivity deals ensuring long-term revenue stability.

Direct to Consumer Retail Performance

D2C retail revenue increased sixfold between May 2024 and February 2025. This has been driven by improved
customer experience and improved visibility of the brand via marketing channels and café sites.

Café Sales Performance

Café revenue from the Roastery brew bar and Hackney Kiosk has scaled from £12,000 to over £360,000 on an annualised basis, indicating significant local traction and demand for Elsewhere’s products and services.

FY25/26 Outlook

While initial cost pressures were expected, investments are already yielding measurable top-line growth. The business is well-positioned to maintain its growth trajectory into FY25/26, underpinned by a scalable operational structure,

DIRECTORS
The directors who have held office during the period from 28 February 2024 to the date of this report are as follows:

S Fagg - appointed 28 February 2024
A D Quinan - appointed 28 February 2024


Elsewhere Coffee Ltd (Registered number: 15529231)

Report of the Directors
for the Period 28 February 2024 to 28 February 2025

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





S Fagg - Director


6 June 2025

Elsewhere Coffee Ltd (Registered number: 15529231)

Balance Sheet
28 February 2025

Notes £    £   
FIXED ASSETS
Intangible assets 4 57,762
Tangible assets 5 71,572
129,334

CURRENT ASSETS
Stocks 5,000
Debtors 6 73,429
Cash at bank 3,632
82,061
CREDITORS
Amounts falling due within one year 7 55,346
NET CURRENT ASSETS 26,715
TOTAL ASSETS LESS CURRENT
LIABILITIES

156,049

CREDITORS
Amounts falling due after more than one
year

8

264,584
NET LIABILITIES (108,535 )

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (108,635 )
SHAREHOLDERS' FUNDS (108,535 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2025 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.

Elsewhere Coffee Ltd (Registered number: 15529231)

Balance Sheet - continued
28 February 2025


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 6 June 2025 and were signed on its behalf by:




S Fagg - Director



A D Quinan - Director


Elsewhere Coffee Ltd (Registered number: 15529231)

Notes to the Financial Statements
for the Period 28 February 2024 to 28 February 2025

1. STATUTORY INFORMATION

Elsewhere Coffee Ltd 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, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 20% 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 period 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 period 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.

Elsewhere Coffee Ltd (Registered number: 15529231)

Notes to the Financial Statements - continued
for the Period 28 February 2024 to 28 February 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 period was 10 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 64,180
At 28 February 2025 64,180
AMORTISATION
Charge for period 6,418
At 28 February 2025 6,418
NET BOOK VALUE
At 28 February 2025 57,762

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 91,873
At 28 February 2025 91,873
DEPRECIATION
Charge for period 20,301
At 28 February 2025 20,301
NET BOOK VALUE
At 28 February 2025 71,572

Elsewhere Coffee Ltd (Registered number: 15529231)

Notes to the Financial Statements - continued
for the Period 28 February 2024 to 28 February 2025

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
Additions 38,500
At 28 February 2025 38,500
DEPRECIATION
Charge for period 9,625
At 28 February 2025 9,625
NET BOOK VALUE
At 28 February 2025 28,875

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 26,643
Other debtors 46,786
73,429

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 27,955
Other creditors 27,391
55,346

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Other creditors 264,584