ACCOUNTS - Final Accounts

Company registration number: 04187920

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	LOFBERGS LIMITED


LOFBERGS LIMITED REGISTERED NUMBER:04187920

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	5		272,095		180,844
			272,095		180,844
Current assets
Stocks		1,532,282		1,109,741
Debtors: amounts falling due within one year	6	2,785,665		2,769,054
Cash at bank and in hand		7,245		48,108
		4,325,192		3,926,903
Creditors: amounts falling due within one year	7	(8,497,980)		(6,959,173)
Net current liabilities			(4,172,788)		(3,032,270)
Total assets less current liabilities			(3,900,693)		(2,851,426)

Net liabilities			(3,900,693)		(2,851,426)

Capital and reserves
Called up share capital	3,400,000	3,400,000
Share premium account	99,952	99,952
Profit and loss account	(7,400,645)	(6,351,378)
	(3,900,693)	(2,851,426)

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

S. F. Hallgren

Director

Date: 9 January 2026

The notes on pages 2 to 6 form part of these financial statements.

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LOFBERGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Lofbergs Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office, which is also the trading address, is disclosed on the company information page.

The prior accounting period was extended to 31 December in line with fellow group companies. The period is therefore not directly comparable.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

At the balance sheet date the Company had net current liabilities of £4,172,788 (2023 - £3,032,270). The directors have received confirmation from the parent company that they will continue to support the Company for the foreseeable future. Therefore, the financial statements have been prepared on a going concern basis.

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

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LOFBERGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

Revenue

Revenue represents the wholesale of coffee and is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax, sales taxes and customer promotional rebates. Customer promotional rebates are agreed with customers from time to time and the customer is credited with the agreed amount, which reduces turnover accordingly, and the recognition of such rebate credits is congruent to the period of delivery of the goods delivery to the customer.

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

2.8

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

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LOFBERGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property	-	over the life of the lease
Motor vehicles	-	20%
Office equipment	-	25%
Computer equipment	-	25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors who received no remuneration, during the year was 15 (2023 - 25).

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LOFBERGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Intangible assets

		Patents
		£
	Cost
	At 1 January 2024	115,050
	At 31 December 2024	115,050
	Amortisation
	At 1 January 2024	115,050
	At 31 December 2024	115,050
	Net book value
	At 31 December 2024	-
	At 31 December 2023	-

5.	Tangible fixed assets

	Long-term leasehold property	Motor vehicles	Office equipment	Computer equipment	Total
	£	£	£	£	£
Cost or valuation
At 1 January 2024	133,600	48,700	37,608	28,042	247,950
Additions	52,091	62,509	61,313	6,993	182,906
At 31 December 2024	185,691	111,209	98,921	35,035	430,856
Depreciation
At 1 January 2024	4,122	38,554	7,370	17,060	67,106
Charge for the year	32,412	15,355	38,409	5,479	91,655
At 31 December 2024	36,534	53,909	45,779	22,539	158,761
Net book value
At 31 December 2024	149,157	57,300	53,142	12,496	272,095
At 31 December 2023	129,478	10,146	30,238	10,982	180,844

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LOFBERGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Debtors

					2024	2023
					£	£


Trade debtors	2,431,020	2,306,451
Amounts owed by group undertakings	16,364	112,589
Other debtors	179,968	209,079
Prepayments and accrued income	158,313	140,935
	2,785,665	2,769,054

7.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Bank overdrafts	27,677	124,390
Trade creditors	1,436,638	1,458,738
Amounts owed to group undertakings	6,496,345	4,861,019
Other taxation and social security	30,774	64,211
Other creditors	68,836	69,095
Accruals and deferred income	437,710	381,720
	8,497,980	6,959,173

Amounts due to group companies are payable within 90 days except AB Anders Lofbergs shareholder loan of £415,000 (2023 - £415,000) which is repayable on demand and is interest bearing at a rate of 4% per annum.

8.	Post balance sheet events

On 17 November 2025, the Company issued £6,000,000 of share capital to its immediate parent company.

9.	Controlling party

The Company is a subsidiary undertaking of AB Anders Lofberg, (Hamntorget, Box 1501, 651 21 Karlstad, Sweden). The ultimate controlling party is Broderna Lofberg AB, a company registered in Sweden, by virtue of its shareholding in the Company's immediate parent.
The smallest group in which the results of the Company are consolidated is that headed by AB Anders Lofberg, a Swedish registered company. The consolidated financial statements of this group are available to the public at Hamntorget, Box 1501, 651 21 Karlstad, Sweden.

10.	Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 12 January 2026 by Menzies LLP.

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