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REGISTERED NUMBER: 08505605 (England and Wales)

Financial Statements for the Year Ended 30 April 2025

for

The Electric Tobacconist Ltd

The Electric Tobacconist Ltd (Registered number: 08505605)

Contents of the Financial Statements

for the Year Ended 30 April 2025

| Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |  | to |  | 5

The Electric Tobacconist Ltd

Company Information

for the Year Ended 30 April 2025

| DIRECTORS: | Mr P P Culverhouse

| Ms H L Culverhouse

| REGISTERED OFFICE: | Units 1 & 2

| Mark House

| Mark Road

| Hemel Hempstead

| Hertfordshire

| HP2 7UA

| REGISTERED NUMBER: | 08505605 (England and Wales)

The Electric Tobacconist Ltd (Registered number: 08505605)

Balance Sheet

30 April 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 42,752 |  | 53,752 |  |

Tangible assets | 5 | 58,592 |  | 190,588 |  |

101,344 |  | 244,340 |  |

CURRENT ASSETS

Stocks | 991,573 |  | 1,421,798 |  |

Debtors | 6 | 4,840,513 |  | 426,934 |  |

Cash at bank | 1,314,142 |  | 2,757,045 |  |

7,146,228 |  | 4,605,777 |  |

CREDITORS

Amounts falling due within one year | 7 | (2,437,479 | ) | (2,080,261 | ) |

NET CURRENT ASSETS | 4,708,749 |  | 2,525,516 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,810,093 |  | 2,769,856 |  |

PROVISIONS FOR LIABILITIES | (11,912 | ) | (29,770 | ) |

NET ASSETS | 4,798,181 |  | 2,740,086 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 70 |  | 70 |  |

Retained earnings | 4,798,111 |  | 2,740,016 |  |

SHAREHOLDERS' FUNDS | 4,798,181 |  | 2,740,086 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 19 January 2026 and were signed on its behalf by:

Mr P P Culverhouse - Director

The Electric Tobacconist Ltd (Registered number: 08505605)

Notes to the Financial Statements

for the Year Ended 30 April 2025

1. | STATUTORY INFORMATION

| The Electric Tobacconist Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Computer software is being amortised evenly over its estimated useful life of five years.

| Tangible fixed assets

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

| Land and buildings | - | 33% on cost and 10% on cost

| Plant and machinery etc | - | 33% on cost and 10% 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

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

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Fixed assets

| All fixed assets are initially recorded at cost.

The Electric Tobacconist Ltd (Registered number: 08505605)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 44 (2024 - 44 ) .

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 May 2024 | 76,005 |  |

| Additions | 5,250 |  |

| At 30 April 2025 | 81,255 |  |

| AMORTISATION

| At 1 May 2024 | 22,253 |  |

| Charge for year | 16,250 |  |

| At 30 April 2025 | 38,503 |  |

| NET BOOK VALUE

| At 30 April 2025 | 42,752 |  |

| At 30 April 2024 | 53,752 |  |

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| Long |  | Plant and |  | and |  | Motor |

| leasehold |  | machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 May 2024 | 244,897 |  | 54,785 |  | 187,085 |  | 169,929 |  | 656,696 |  |

| Additions | - |  | - |  | 14,169 |  | - |  | 14,169 |  |

| Disposals | - |  | - |  | - |  | (58,990 | ) | (58,990 | ) |

| At 30 April 2025 | 244,897 |  | 54,785 |  | 201,254 |  | 110,939 |  | 611,875 |  |

| DEPRECIATION

| At 1 May 2024 | 173,389 |  | 33,221 |  | 177,102 |  | 82,396 |  | 466,108 |  |

| Charge for year | 60,564 |  | 5,155 |  | 13,971 |  | 36,980 |  | 116,670 |  |

| Eliminated on disposal | - |  | - |  | - |  | (29,495 | ) | (29,495 | ) |

| At 30 April 2025 | 233,953 |  | 38,376 |  | 191,073 |  | 89,881 |  | 553,283 |  |

| NET BOOK VALUE

| At 30 April 2025 | 10,944 |  | 16,409 |  | 10,181 |  | 21,058 |  | 58,592 |  |

| At 30 April 2024 | 71,508 |  | 21,564 |  | 9,983 |  | 87,533 |  | 190,588 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 34,735 |  | 17,840 |  |

| Amounts owed by group undertakings | 4,313,791 |  | - |  |

| Other debtors | 491,987 |  | 409,094 |  |

4,840,513 |  | 426,934 |  |

The Electric Tobacconist Ltd (Registered number: 08505605)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 1,314,944 |  | 976,208 |  |

| Taxation and social security | 973,776 |  | 945,566 |  |

| Other creditors | 148,759 |  | 158,487 |  |

2,437,479 |  | 2,080,261 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 70 | Ordinary | £1 | 70 |  | 70 |  |

9. | OTHER FINANCIAL COMMITMENTS

| The total amount of financial commitments at 30 April 2025 was £1,333,151 (2024 - £1,533,151).

| This relates to a property lease which expires in December 2031.

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 30 April 2025 and 30 April 2024:

2025 | 2024 |

£ | £ |

| Mr P P Culverhouse

| Balance outstanding at start of year | - |  | - |  |

| Amounts advanced | 280 |  | - |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 280 |  | - |  |

| Loans to Directors are interest free and repayable on demand.

11. | RELATED PARTY DISCLOSURES

| During the year the company received £75,118 (2024: £47,577) from Electric Tobacconist US for management charges.

| The management charge is income for The Electric Tobacconist UK to provide the service of all platform management and marketing for Electric Tobacconist US. In return, all management of the website is done by staff of The Electric Tobacconist UK. This then increased to also managing the CS portal.

| P Culverhouse owns 100% shares in The Electric Tobacconist US.

| During the year, The Electric Tobacconist Ltd made a loan to Treehouse E-Commerce Group UK Ltd. No interest is charged on this loan, and the balance at the year end owing in relation to the loan was £4,313,791. The loan is repayable by 31 January 2048.