Company registration number 14807139 (England and Wales)
LAGOM COFFEE LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
LAGOM COFFEE LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
LAGOM COFFEE LTD
BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
16,109
19,377
Current assets
Debtors
4
58,738
55,282
Cash at bank and in hand
27,784
24,037
86,522
79,319
Creditors: amounts falling due within one year
5
(64,165)
(88,313)
Net current assets/(liabilities)
22,357
(8,994)
Total assets less current liabilities
38,466
10,383
Provisions for liabilities
(4,027)
(2,524)
Net assets
34,439
7,859
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
34,339
7,759
Total equity
34,439
7,859

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 4 November 2025 and are signed on its behalf by:
Mr R De Carpentier
Director
Company registration number 14807139 (England and Wales)
LAGOM COFFEE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 2 -
1
Accounting policies
Company information

Lagom Coffee Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 48 Foreland Road, Isle of Wight, United Kingdom, PO35 5XW.

1.1
Reporting period

The previous financial statements covered a period from it's incorporation, and as a result the figures are not comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% running balance
Fixtures and fittings
20% running balance
Computers
25% running balance
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

LAGOM COFFEE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
6
4
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 May 2024
16,383
5,174
423
21,980
Additions
-
0
715
-
0
715
At 30 April 2025
16,383
5,889
423
22,695
Depreciation and impairment
At 1 May 2024
1,935
598
70
2,603
Depreciation charged in the year
2,889
1,006
88
3,983
At 30 April 2025
4,824
1,604
158
6,586
LAGOM COFFEE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
(Continued)
- 4 -
Carrying amount
At 30 April 2025
11,559
4,285
265
16,109
At 30 April 2024
14,448
4,576
353
19,377
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
58,738
54,684
Other debtors
-
0
598
58,738
55,282
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
1,846
1,146
Taxation and social security
31,426
16,458
Other creditors
30,893
70,709
64,165
88,313
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
7
Parent company

DC & Jones Holdings Limited own 100% of the ordinary shares and total voting rights from 17 April 2023 in Lagom Coffee Limited.

The parent company is DC & Jones Holdings Limited, whose registered office is 48 Foreland Road, Bembridge, Isle of Wight.

LAGOM COFFEE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 5 -
8
Related party transactions

The company has an existing loan with DC & Jones Holdings Limited. At the year end the amount owed to Lagom Coffee Limited was £58,738 (2024: £54,684), this amount is included in debtors: amounts falling due within one year. Mr R De Carpentier and Miss A Jones is a director of both Lagom Coffee Limited and DC & Jones Holdings Limited.

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