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Registered number: 04187920
| FINANCIAL STATEMENTS
| FOR THE YEAR ENDED 31 DECEMBER 2025
| LOFBERGS LIMITED
LOFBERGS LIMITED REGISTERED NUMBER:04187920 |  |
STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 5 |  | 223,483 |  | 272,095
|  |  | 223,483 |  | 272,095
Current assets |  |  |  |  |
Stocks |  | 1,402,878 |  | 1,532,282 |
Debtors: amounts falling due within one year | 6 | 2,909,794 |  | 2,785,665 |
Cash at bank and in hand |  | 284,502 |  | 7,245 |
|  | 4,597,174 |  | 4,325,192 |
Creditors: amounts falling due within one year | 7 | (3,548,864) |  | (8,497,980) |
Net current assets/(liabilities) |  |  | 1,048,310 |  | (4,172,788)
Total assets less current liabilities |  |  | 1,271,793 |  | (3,900,693)
Net assets/(liabilities) |  |  | 1,271,793 |  | (3,900,693)
Capital and reserves |  |  |  |  |
Allotted, called up and fully paid share capital |  |  | 9,400,000 |  | 3,400,000
Share premium account |  |  | 99,952 |  | 99,952
Profit and loss account |  |  | (8,228,159) |  | (7,400,645)
|  |  | 1,271,793 |  | (3,900,693)
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 subjext 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: 5 May 2026
The notes on pages 2 to 7 form part of these financial statements. Page 1
LOFBERGS LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
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. 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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Going concern
At the balance sheet date the Company had net current assets of £1,048,310 (2024 - net current liabilites of £4,172,788). 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'. Page 2
LOFBERGS LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 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 | 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. Page 3
LOFBERGS LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.9 | 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 | - | 25%
|  |  |  | 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.
| 2.10 | 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.
| 2.11 | Financial instruments
The Company only enters into basic financial 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.
3. | Employees
| The average monthly number of employees, including directors who received no remuneration, during the year was 13 (2024 - 15).
Page 4
LOFBERGS LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
4. | Intangible assets
|  | Patents
|  | £
| Cost |
| At 1 January 2025 | 115,050
| At 31 December 2025 | 115,050
| Amortisation |
| At 1 January 2025 | 115,050
| At 31 December 2025 | 115,050
| Net book value |
| At 31 December 2025 | -
| At 31 December 2024 | -
Page 5
LOFBERGS LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
5. | Tangible fixed assets
|  | Long-term leasehold property | Motor vehicles | Office equipment | Computer equipment | Total
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 1 January 2025 | 185,691 | 111,209 | 98,919 | 35,035 | 430,854
| Additions | - | 41,333 | 3,984 | 7,770 | 53,087
| Disposals | - | (48,700) | (1,251) | (5,746) | (55,697)
| At 31 December 2025 | 185,691 | 103,842 | 101,652 | 37,059 | 428,244
| Depreciation |  |  |  |  |
| At 1 January 2025 | 36,534 | 53,908 | 45,778 | 22,539 | 158,759
| Charge for the year | 40,768 | 22,516 | 30,787 | 6,872 | 100,943
| Disposals | - | (48,700) | (495) | (5,746) | (54,941)
| At 31 December 2025 | 77,302 | 27,724 | 76,070 | 23,665 | 204,761
| Net book value |  |  |  |  |
| At 31 December 2025 | 108,389 | 76,118 | 25,582 | 13,394 | 223,483
| At 31 December 2024 | 149,157 | 57,301 | 53,141 | 12,496 | 272,095
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 2,466,161 | 2,431,020
| Amounts owed by group undertakings | 233,617 | 16,364
| Other debtors | 115,944 | 179,968
| Prepayments and accrued income | 94,072 | 158,313
|  | 2,909,794 | 2,785,665
Page 6
LOFBERGS LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank overdrafts | - | 27,677
| Trade creditors | 641,892 | 1,436,638
| Amounts owed to group undertakings | 2,522,448 | 6,496,345
| Other taxation and social security | 36,824 | 30,774
| Other creditors | 19,431 | 68,836
| Accruals and deferred income | 328,269 | 437,710
|  | 3,548,864 | 8,497,980
| Amounts due to group companies are payable within 90 days except AB Anders Lofbergs shareholder loan of £415,000 (2024 - £415,000) which is repayable on demand and is interest bearing at a rate of 4% per annum.
8. | 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.
9. | Auditor's information
The auditor's report on the financial statements for the year ended 31 December 2025 was unqualified. The audit report was signed on 5 May 2026 by Andrew Hookway FCA (Senior statutory auditor) on behalf of Menzies LLP.
Page 7