Company No: 03101980 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	11,394		15,285
Tangible assets	4	821,110		930,263
		832,504		945,548
Current assets
Stocks		840,363		575,114
Debtors	5	869,502		705,379
Cash at bank and in hand		88,805		188,589
		1,798,670		1,469,082
Creditors: amounts falling due within one year	6	( 1,166,511)		( 865,202)
Net current assets		632,159		603,880
Total assets less current liabilities		1,464,663		1,549,428
Creditors: amounts falling due after more than one year	7	( 532,772)		( 655,501)
Provision for liabilities		( 72,000)		( 54,500)
Net assets		859,891		839,427
Capital and reserves
Called-up share capital	8	100		100
Profit and loss account		859,791		839,327
Total shareholders' funds		859,891		839,427

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Little's Coffee Ltd (registered number: 03101980) were approved and authorised for issue by the Board of Directors on 09 December 2025. They were signed on its behalf by:

Mr W Little Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Little's Coffee Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office and principal place of business is Unit 8 Blackdown Park, South View Estate, Willand, Cullompton, EX15 2FS.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

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

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill	10 years straight line
Trademarks, patents and licences	10 years straight line
Website costs	7 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings	50 years straight line
Fixtures and fittings	7 years straight line
Office equipment	4 years straight line

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the weighted average cost formula.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	24		17

3. Intangible assets

	Goodwill		Trademarks, patents and licences		Website costs		Total
	£		£		£		£
Cost
At 01 April 2024	50,000		3,203		25,000		78,203
At 31 March 2025	50,000		3,203		25,000		78,203
Accumulated amortisation
At 01 April 2024	50,000		2,621		10,297		62,918
Charge for the financial year	0		319		3,572		3,891
At 31 March 2025	50,000		2,940		13,869		66,809
Net book value
At 31 March 2025	0		263		11,131		11,394
At 31 March 2024	0		582		14,703		15,285

4. Tangible assets

	Land and buildings		Fixtures and fittings		Office equipment		Total
	£		£		£		£
Cost
At 01 April 2024	420,939		800,312		22,042		1,243,293
Additions	0		7,516		4,754		12,270
At 31 March 2025	420,939		807,828		26,796		1,255,563
Accumulated depreciation
At 01 April 2024	67,196		235,075		10,759		313,030
Charge for the financial year	7,433		109,054		4,936		121,423
At 31 March 2025	74,629		344,129		15,695		434,453
Net book value
At 31 March 2025	346,310		463,699		11,101		821,110
At 31 March 2024	353,743		565,237		11,283		930,263

The Land element of Land and buildings is not depreciated.

5. Debtors

	2025		2024
	£		£
Trade debtors	664,330		518,951
Amounts owed by directors	2,497		2,499
Prepayments	66,437		96,818
VAT recoverable	111,274		62,147
Corporation tax	24,964		24,964
	869,502		705,379

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans (secured)	384,549		316,670
Trade creditors	494,358		365,533
Amounts owed to related parties	122,526		18,411
Amounts owed to directors	28,900		28,900
Accruals	26,914		37,407
Obligations under finance leases and hire purchase contracts (secured)	93,530		93,529
Other creditors	15,734		4,752
	1,166,511		865,202

Included in bank loans (excluding the bounce back loan) at the year end is £12,923 (2024: £12,034) on which the following security has been provided:

The freehold property known as Unit 7 & 8 Blackdown Park, Willand together with their associated assets and a property owned personally by a director known as 8 The Laurels, Flightway, Dunkeswell and other company assets.

Amounts owed to Royal Bank of Scotland under an invoice discounting facility amount to £361,229 (2024: £294,496). This is secured on the company's trade debtors.

The finance leases are secured over the leased assets.

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans (secured)	253,118		276,438
Obligations under finance leases and hire purchase contracts (secured)	262,624		356,357
Other creditors	17,030		22,706
	532,772		655,501

Included in bank loans (excluding the bounce back loan) at the year end is £248,721 (2024: £261,644) on which the following security has been provided:

The freehold property known as Unit 7 & 8 Blackdown Park, Willand together with their associated assets and a property owned personally by a director known as 8 The Laurels, Flightway, Dunkeswell and other company assets.

The finance leases are secured over the leased assets.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	2025		2024
	£		£
Bank loans (secured / repayable by instalments)	186,619		203,874

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
92 Ordinary shares of £ 1.00 each	92		92
8 Ordinary A shares of £ 1.00 each	8		8
	100		100

All shares shall rank pari passu in all respects, but shall constitute a separate class of shares.

9. Financial commitments

Other financial commitments

	2025		2024
	£		£
Financial commitments not included in the balance sheet	28,920		32,458

10. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Balance b/fwd	2,499		2,113
Interest free advances to directors	0		390
Repayments by director	(2)		(4)
Balance c/f	2,497		2,499