Caseware UK (AP4) 2025.0.111 2025.0.111 2025-12-31 2025-12-31 2025-01-01 false import and distribution of coffee, coffee machines and related beverages 7 7 true true false 02603850 2025-01-01 2025-12-31 02603850 2024-01-01 2024-12-31 02603850 2025-12-31 02603850 2024-12-31 02603850 c:Director1 2025-01-01 2025-12-31 02603850 d:PlantMachinery 2025-01-01 2025-12-31 02603850 d:PlantMachinery 2025-12-31 02603850 d:PlantMachinery 2024-12-31 02603850 d:PlantMachinery d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 02603850 d:MotorVehicles 2025-01-01 2025-12-31 02603850 d:FurnitureFittings 2025-01-01 2025-12-31 02603850 d:FurnitureFittings 2025-12-31 02603850 d:FurnitureFittings 2024-12-31 02603850 d:FurnitureFittings d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 02603850 d:OtherPropertyPlantEquipment 2025-01-01 2025-12-31 02603850 d:OtherPropertyPlantEquipment 2025-12-31 02603850 d:OtherPropertyPlantEquipment 2024-12-31 02603850 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 02603850 d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 02603850 d:CurrentFinancialInstruments 2025-12-31 02603850 d:CurrentFinancialInstruments 2024-12-31 02603850 d:CurrentFinancialInstruments d:WithinOneYear 2025-12-31 02603850 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 02603850 d:ShareCapital 2025-12-31 02603850 d:ShareCapital 2024-12-31 02603850 d:RetainedEarningsAccumulatedLosses 2025-12-31 02603850 d:RetainedEarningsAccumulatedLosses 2024-12-31 02603850 c:OrdinaryShareClass1 2025-01-01 2025-12-31 02603850 c:OrdinaryShareClass1 2025-12-31 02603850 c:OrdinaryShareClass1 2024-12-31 02603850 c:FRS102 2025-01-01 2025-12-31 02603850 c:Audited 2025-01-01 2025-12-31 02603850 c:FullAccounts 2025-01-01 2025-12-31 02603850 c:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 02603850 c:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 02603850 e:PoundSterling 2025-01-01 2025-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02603850 KIMBO UK LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
KIMBO UK LIMITED
CONTENTS
| Page
Statement of Financial Position | 1
Notes to the Financial Statements | 2 - 7
KIMBO UK LIMITED REGISTERED NUMBER:02603850
STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 7,590 |  | 11,649
Current assets |  |  |  |  |
Stocks | 5 | 261,322 |  | 257,934 |
Debtors: amounts falling due within one year | 6 | 812,751 |  | 394,125 |
Cash at bank and in hand |  | 578,187 |  | 381,287 |
|  | 1,652,260 |  | 1,033,346 |
Current liabilities |  |  |  |  |
Creditors: amounts falling due within one year | 7 | (731,136) |  | (768,826) |
Net current assets |  |  | 921,124 |  | 264,520
Net assets |  |  | 928,714 |  | 276,169
Capital and reserves |  |  |  |  |
Called up share capital | 8 |  | 8,323,725 |  | 7,857,093
Profit and loss account |  |  | (7,395,011) |  | (7,580,924)
|  |  | 928,714 |  | 276,169
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 were approved and authorised for issue by the board and were signed on its behalf on 8 April 2026.
L Piccini
Director
The notes on pages 2 to 7 form part of these financial statements. Page 1
KIMBO UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
Kimbo UK Limited is a private limited liability company incorporated in England and Wales. Its principal place of business and registered office address is at Ground Floor, Unit 2, Central Business Centre, Great Central Way, London NW10 0UR. The principal activity of the company continued to be that of the import and distribution of coffee, coffee machines and related beverages. 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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:
| 2.2 | Turnover
Turnover comprises revenue recognised by the company in respect of goods supplied during the year, exclusive of Value Added Tax and trade discounts. Sales of goods are recognised when the goods are delivered and title has passed to the customer.
| 2.3 | 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. At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. Certain low value plant and machinery items are depreciated over twelve months where in management's opinion the useful economic lives would not be more than twelve months. Page 2
KIMBO UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.3 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives on the following basis:
|  |  |  | Plant and machinery | - | 20-33% straight line
|  |  |  | Motor vehicles | - | 25% straight line
|  |  |  | Fixtures and fittings | - | 20-25% straight line
|  |  |  | Website costs | - | 25% straight line
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.
| 2.4 | 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 first in, first out 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.
| 2.5 | Basic Financial instruments
The company only enters into transactions that result in the recognition of basic financial assets and basic financial liabilities. Basic financial assets, such as trade and other debtors, are initially recognised at the transaction price less attributable transaction costs. Basic financial liabilities, such as trade and other creditors, are initially recognised at the transaction price plus attributable transaction costs. Subsequently, they are measured at amortised cost using the effective interest method, less any impairment losses in the case of basic financial assets. Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an 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. Page 3
KIMBO UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.6 | Foreign currency translation
The functional currency of the company is pounds sterling (£). 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. Nonmonetary 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 the Statement of Comprehensive Income.
| 2.7 | 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.
| 2.8 | Pensions
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 other creditors as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
| 2.9 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date. Page 4
KIMBO UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
3. | Employees
| The average monthly number of employees, including directors, during the year was 7 (2024 - 7).
4. | Tangible fixed assets
|  | Plant and machinery | Fixtures and fittings | Other fixed assets | Total
|  | £ | £ | £ | £
| Cost |  |  |  |
| At 1 January 2025 | 22,548 | 20,402 | 3,749 | 46,699
| Additions | 2,308 | - | - | 2,308
| At 31 December 2025 | 24,856 | 20,402 | 3,749 | 49,007
| Depreciation |  |  |  |
| At 1 January 2025 | 15,389 | 15,913 | 3,749 | 35,051
| Charge for the year on owned assets | 4,077 | 2,289 | - | 6,366
| At 31 December 2025 | 19,466 | 18,202 | 3,749 | 41,417
| Net book value |  |  |  |
| At 31 December 2025 | 5,390 | 2,200 | - | 7,590
| At 31 December 2024 | 7,160 | 4,489 | - | 11,649
5. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Finished goods and goods for resale | 261,322 | 257,934
Page 5
KIMBO UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 743,164 | 335,756
| Other debtors | 41,330 | 32,681
| Prepayments and accrued income | 28,257 | 25,688
|  | 812,751 | 394,125
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 125,329 | 85,224
| Amounts owed to group undertakings | 487,461 | 620,677
| Taxation and social security | 11,932 | 8,255
| Other creditors | 7,122 | 3,396
| Accruals and deferred income | 99,292 | 51,274
|  | 731,136 | 768,826
8. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 8,323,725 (2024 - 7,857,093) Ordinary shares of £1.00 each | 8,323,725 | 7,857,093
On 16 April 2025, 466,632 Ordinary shares of £1 each were issued at par.
9. | Pension commitments
The company contributes to a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £6,158 (2024 - £5,981). There was £nil (2024 - £nil) owed at the reporting date.
10. | Controlling party
The immediate and ultimate parent undertaking is Kimbo S.P.A., a company incorporated in Italy. Page 6
KIMBO UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
11. | Auditors' information
The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified. The audit report was signed on 8 April 2026 by Martyn Atkinson FCA (Senior Statutory Auditor) on behalf of Sopher + Co LLP.
Page 7