Coffi Lab Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 09573152

		31 December 2024		31 December 2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		53,965		49,246
Tangible Assets	5		2,593,184		2,944,212

			2,647,149		2,993,458
CURRENT ASSETS
Stocks	6	80,991		91,208
Debtors	7	331,342		232,058
Cash at bank and in hand		1,235,517		9,419

		1,647,850		332,685
Creditors: Amounts Falling Due Within One Year	8	(778,868 )		(1,127,337 )

NET CURRENT ASSETS (LIABILITIES)			868,982		(794,652 )

TOTAL ASSETS LESS CURRENT LIABILITIES			3,516,131		2,198,806

Creditors: Amounts Falling Due After More Than One Year	9		(5,572,832 )		(3,835,857 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(65,648 )		(65,648 )

NET LIABILITIES			(2,122,349 )		(1,702,699 )

CAPITAL AND RESERVES
Called up share capital	11		100		100
Profit and Loss Account			(2,122,449 )		(1,702,799 )

SHAREHOLDERS' FUNDS			(2,122,349)		(1,702,699)

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Coffi Lab Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Ms Hannah Gillard

Director

25/09/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Coffi Lab Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09573152 . The registered office is Coffi Lab, 55 Penlline Road, Cardiff, CF14 2AB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Research and Development

Developments costs are for website costs. They are amortised over their estimated economic life of 5 years.

2.4. Intangible Fixed Assets and Amortisation - Intellectual Property

Intellectual property assets are for branding. They are amortised over their estimated economic life of 10 years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	10% on cost
Plant & Machinery	13% on cost
Motor Vehicles	15% on reducing balance
Fixtures & Fittings	20% on cost
Computer Equipment	20% on cost

2.6. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.7. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 130 (2023: 101)

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Coffi Lab Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Intangible Assets

	Development Costs	Intellectual Property	Total
	£	£	£
Cost
As at 1 January 2024	7,035	60,875	67,910
Additions	4,095	8,920	13,015

As at 31 December 2024	11,130	69,795	80,925

Amortisation
As at 1 January 2024	3,819	14,845	18,664
Provided during the period	1,761	6,535	8,296

As at 31 December 2024	5,580	21,380	26,960

Net Book Value
As at 31 December 2024	5,550	48,415	53,965

As at 1 January 2024	3,216	46,030	49,246

Development Costs represent Website Costs

Intellectual Property Costs represent Branding Costs

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 January 2024	1,959,605	965,240	10,000	503,394
Additions	5,210	71,896	8,900	15,506
Disposals	-	(16,428 )	-	-

As at 31 December 2024	1,964,815	1,020,708	18,900	518,900

Depreciation
As at 1 January 2024	272,705	145,110	6,229	139,874
Provided during the period	196,168	123,883	6,669	102,461
Disposals	-	(6,152 )	-	-

As at 31 December 2024	468,873	262,841	12,898	242,335

Net Book Value
As at 31 December 2024	1,495,942	757,867	6,002	276,565

As at 1 January 2024	1,686,900	820,130	3,771	363,520

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Coffi Lab Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024


	Computer Equipment	Total
	£	£
Cost
As at 1 January 2024	90,651	3,528,890
Additions	5,938	107,450
Disposals	-	(16,428 )

As at 31 December 2024	96,589	3,619,912

Depreciation
As at 1 January 2024	20,760	584,678
Provided during the period	19,021	448,202
Disposals	-	(6,152 )

As at 31 December 2024	39,781	1,026,728

Net Book Value
As at 31 December 2024	56,808	2,593,184

As at 1 January 2024	69,891	2,944,212

Included above are assets held under finance leases or hire purchase contracts with a net book value total of £ 610,226 (£ 688,646) as follows:

Leasehold property improvements £ 250,615 (£ 282,488)

Plant and machinery £ 324,336 (£ 358,148)

Fixtures and fittings £ 17,455 (£ 23,802)

Computer equipment £ 17,820 (£ 24,208)

Total £ 610,226 ( £ 688,646)

6. Stocks

	31 December 2024	31 December 2023
	£	£
Stock	80,991	91,208

7. Debtors

	31 December 2024	31 December 2023
	£	£
Due within one year
Trade debtors	332	1,102
Other debtors	331,010	230,956

	331,342	232,058

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Coffi Lab Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Creditors: Amounts Falling Due Within One Year

	31 December 2024	31 December 2023
	£	£
Trade creditors	281,944	565,721
Bank loans and overdrafts	-	14,961
Other creditors	299,874	322,339
Taxation and social security	197,050	224,316

	778,868	1,127,337

9. Creditors: Amounts Falling Due After More Than One Year

	31 December 2024	31 December 2023
	£	£
Net obligations under finance lease and hire purchase contracts	442,315	615,416
Bank loans	1,832,852	148,274
Other creditors	3,297,665	3,072,167

	5,572,832	3,835,857

10. Obligations Under Finance Leases and Hire Purchase

	31 December 2024	31 December 2023
	£	£
The future minimum finance lease payments are as follows:
Later than one year and not later than five years	442,315	615,416

11. Share Capital

	31 December 2024	31 December 2023
	£	£
Allotted, Called up and fully paid	100	100

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