REGISTERED NUMBER: SC654874 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Obadiah Coffee Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

149,281

139,495

CURRENT ASSETS

Stocks

5

52,162

23,000

Debtors

6

44,613

31,788

Cash at bank

29,780

28,876

126,555

83,664

CREDITORS

Amounts falling due within one year

7

188,516

91,464

NET CURRENT LIABILITIES

(61,961

)

(7,800

)

TOTAL ASSETS LESS CURRENT LIABILITIES

87,320

131,695

CREDITORS

Amounts falling due after more than one year

8

(70,166

)

(89,859

)

PROVISIONS FOR LIABILITIES

(16,980

)

(20,642

)

NET ASSETS

174

21,194

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

74

21,094

SHAREHOLDERS' FUNDS

174

21,194

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 June 2025 and were signed on its behalf by:

Mr S Young - Director

1.	STATUTORY INFORMATION

Obadiah Coffee Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number:

SC654874

Registered office:

Unit 4-5 The Arches

Abbeyhill

Edinburgh

EH8 8EE

The presentation currency of the financial statements is the Pound Sterling (£).

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 comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:

The amount of revenue can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance and 10% on reducing balance

Fixtures and fittings

-

33% on cost

Computer equipment

-

25% 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 Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold in the ordinary course of business.

Trade debtors are recognised at the transaction price. Trade debtors are reviewed annually for any bad debts. Any adjustments are made through the profit and loss account.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

162,661

22,561

12,329

197,551

Additions

21,013

20,707

4,855

46,575

Disposals

-

-

(708

)

(708

)

At 31 March 2025

183,674

43,268

16,476

243,418

DEPRECIATION

At 1 April 2024

37,131

14,684

6,241

58,056

Charge for year

22,371

10,188

3,964

36,523

Eliminated on disposal

-

-

(442

)

(442

)

At 31 March 2025

59,502

24,872

9,763

94,137

NET BOOK VALUE

At 31 March 2025

124,172

18,396

6,713

149,281

At 31 March 2024

125,530

7,877

6,088

139,495

5.

STOCKS

2025

2024

£

£

Stocks

52,162

23,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

6,930

24,189

Other debtors

37,683

7,599

44,613

31,788

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

492

Hire purchase contracts

19,693

16,082

Trade creditors

79,498

13,551

Taxation and social security

8,419

39

Other creditors

80,906

61,300

188,516

91,464

Creditors include net obligations under hire purchase contracts which are secured on the assets concerned of £19,693 (2024: £16,082).

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

70,166

89,859

Creditors include net obligations under hire purchase contracts which are secured on the assets concerned of £70,166 (2023: £89,589).

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

1

100

100

10.	OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments not included in the balance sheet is £2,000 (2024 - £2,000). The company has a one month rolling rental agreement for the business premises. The total amount disclosed of £2,000 (2024: £2,000) is the total amount due to the end of the rental. The annual rent is £24,000 (2024: £24,000).

11.	RELATED PARTY DISCLOSURES

At the balance sheet date, the directors owed the company £19,093 (2024: Directors were owed £374). This loan is interest free and repayable on demand.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S Young.