Toyvend Plc 31/12/2025 iXBRL

Company registration number: 02796812

Toyvend Plc

Financial statements

31 December 2025

Toyvend Plc

Contents

Directors and other information

Strategic report

Directors report

Independent auditor's report to the members

Statement of income and retained earnings

Statement of financial position

Statement of cash flows

Notes to the financial statements

Toyvend Plc

Directors and other information


	Directors
		Patrick Eynhouts
		Nicholas John Clarke


	Secretary	Patrick Eynhouts


	Company number	02796812


	Registered office	Cottage Leap
		Off Butlers Leap
		Rugby
		Warwickshire
		CV21 3XP


	Business address	Cottage Leap
		Off Butlers Leap
		Rugby
		Warwickshire
		CV21 3XP


	Auditor	Cottons Accountants Llp
		Chestnut Field House
		Chestnut Field
		Rugby
		CV21 2PD

Toyvend Plc

Strategic report

Year ended 31 December 2025

Business review

The results for the year and the financial position at the year end were considered satisfactory by the directors. The last quarter saw a slow down in sales which we believe is due to the continued cost of living crisis in the country. Economic climate continues to prove challenging across various sectors globally in the industry but the company continues to utilise all available resources effectively as a result of which the directors expect a normal steady performance for the ensuing year.

Principal Activity

The principal activity of the company is that of vending machines and their related products.

Principal risks and uncertainties

The company faces a number of risks and uncertainties and the directors believe that the key business risks are in respect of competition from UK businesses and in ensuring product availability. With regards to Brexit, the business continues to operate as normal and has experienced minimal impact. However, the current situation in the Red Sea is leading to increased freight costs and longer shipping times. In view of these risks and uncertainties the directors are aware that the development of the company may be affected by factors outside their control.

Development and Performance

The company has performed reasonably well during the year allowing for unusual disruptions and uncertainty from general strikes and wars globally.

Financial Key Performance Indicators

The Company's focus is to maximise turnover with adequate gross margin and maintain costs. The directors continuously monitor the performance of the company and at present consider turnover, gross and net profit to be their key performance indicators.

Environmental matters

The Company recognises the importance of conducting business and managing environmental issues in a responsible manner. The Company identifies climate change and environmental protection as a key area of corporate responsibility and is dedicated to minimising the organisation's adverse environmental impacts and preventing pollution. It is committed to ensuring that processes, resources and equipment are selected to reduce, and where possible, prevent pollution to the environment.

This report was approved by the board of directors on 24 March 2026 and signed on behalf of the board by:

Patrick Eynhouts

Director

Nicholas John Clarke

Director

Toyvend Plc

Directors report

Year ended 31 December 2025

The directors present their report and the financial statements of the company for the year ended 31 December 2025.

Incorporation

Toyvend plc is a company incorporated and domiciled in England and has its registered office and principal place of business at Cottage Leap, Rugby, Warwickshire, CV21 3XP

Directors

The directors who served the company during the year were as follows:


Patrick Eynhouts
Nicholas John Clarke

Dividends

An interim ordinary dividend was paid amounting to £ 220,000 (2024: £ 211,458). The directors do not recommend the payment of a final dividend.

Future developments

The directors anticipate the business environment will remain competitive. They believe that the company is in a good financial position and remain confident that the company will gradually achieve an upturn in business during ensuing year.

Financial instruments

The company has a normal level of exposure to price, credit, liquidity and cash flow risks arising from trading activities. The company does not enter into any hedging transactions.

a) Foreign exchange risk - Since it operates internationally, the Company is exposed to foreign exchange risk arising from currency exposures, principally with respect to the US Dollar and the Euro. Foreign exchange risks arise from future commercial transactions.

b) There are no significant exposures of the company to price risk, credit risk, liquidity risk and cash flow risk.

c) Customer credit exposure - The company offers credit terms to its customers which allow payment of the debt after delivery of the goods or services. The company is at risk to the extent that a customer may be unable to pay the debt on the specified due date. This risk is managed by the strong on-going customer relationships.

Events after the end of the reporting period

There are no matters to report as post balance sheet events.

Disclosure of information in the strategic report.

The company has chosen in accordance with s.414C(11) Companies Act 2006 to set out in the company's strategic report information required by Schedule 7 of the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 to be contained in the directors report. It has done so in respect of future developments, and financial instruments.

Directors responsibilities statement

The directors are responsible for preparing the strategic report, directors report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgments and accounting estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.

This report was approved by the board of directors on 24 March 2026 and signed on behalf of the board by:

Patrick Eynhouts Nicholas John Clarke

Director Director

Toyvend Plc

Independent auditor's report to the members of

Toyvend Plc

Year ended 31 December 2025

Opinion

We have audited the financial statements of Toyvend Plc (the 'company') for the year ended 31 December 2025 which comprise the statement of income and retained earnings, statement of financial position, statement of cash flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: - give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and the returns; or - certain disclosures of directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. we also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditors report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

David Ingram FCCA (Senior Statutory Auditor)

For and on behalf of

Cottons Accountants Llp

Chartered Accountants and Registered Auditors

Chestnut Field House

Chestnut Field

Rugby

CV21 2PD

31 March 2026

Toyvend Plc

Statement of income and retained earnings

Year ended 31 December 2025

		2025	2024
	Note	£	£


Turnover	4	2,338,764	2,608,507
Cost of sales		( 1,464,160)	( 1,710,853)
		_______	_______
Gross profit		874,604	897,654

Administrative expenses		( 797,578)	( 747,453)
		_______	_______
Operating profit	5	77,026	150,201

Other interest receivable and similar income	8	33,085	27,165
Interest payable and similar expenses	9	-	( 111)
		_______	_______
Profit before taxation		110,111	177,255

Tax on profit	10	( 26,615)	( 44,305)
		_______	_______
Profit for the financial year and total comprehensive income		83,496	132,950
		_______	_______

Dividends declared and paid or payable during the year	12	( 220,000)	( 211,458)

Retained earnings at the start of the year		1,674,626	1,753,134
		_______	_______
Retained earnings at the end of the year		1,538,122	1,674,626
		_______	_______

All the activities of the company are from continuing operations.

Toyvend Plc

Statement of financial position

31 December 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	13	-		-
Tangible assets	14	128,310		48,022
		_______		_______
			128,310		48,022

Current assets
Stocks	15	666,387		626,115
Debtors	16	92,716		90,730
Cash at bank and in hand		957,013		1,203,588
		_______		_______
		1,716,116		1,920,433
Creditors: amounts falling due
within one year	17	( 225,086)		( 232,204)
		_______		_______
Net current assets			1,491,030		1,688,229
			_______		_______
Total assets less current liabilities			1,619,340		1,736,251


Provisions for liabilities	18		( 31,218)		( 11,625)

			_______		_______
Net assets			1,588,122		1,724,626
			_______		_______

Capital and reserves
Called up share capital	21		50,000		50,000
Profit and loss account	22		1,538,122		1,674,626
			_______		_______
Shareholders funds			1,588,122		1,724,626
			_______		_______

These financial statements were approved by the board of directors and authorised for issue on 24 March 2026 , and are signed on behalf of the board by:

Patrick Eynhouts Nicholas John Clarke

Director Director

Company registration number: 02796812

Toyvend Plc

Statement of cash flows

Year ended 31 December 2025

	2025	2024
	£	£

Cash flows from operating activities
Profit for the financial year	83,496	132,950

Adjustments for:
Depreciation of tangible assets	21,788	17,556
Other interest receivable and similar income	( 33,085)	( 27,165)
Interest payable and similar expenses	-	111
Gain/(loss) on disposal of tangible assets	( 6,013)	( 330)
Tax on profit	26,615	44,305
Accrued expenses/(income)	( 42,507)	21,213

Changes in:
Stocks	( 40,272)	61,283
Trade and other debtors	( 1,986)	881
Trade and other creditors	69,878	( 99,274)
	_______	_______
Cash generated from operations	77,914	151,530

Interest paid	-	( 111)
Interest received	33,085	27,165
Tax paid	( 41,511)	( 47,524)
	_______	_______
Net cash from operating activities	69,488	131,060
	_______	_______

Cash flows from investing activities
Purchase of tangible assets	( 102,659)	( 28,664)
Proceeds from sale of tangible assets	6,596	1,333
	_______	_______
Net cash used in investing activities	( 96,063)	( 27,331)
	_______	_______

Cash flows from financing activities
Equity dividends paid	( 220,000)	( 211,458)
	_______	_______
Net cash used in financing activities	( 220,000)	( 211,458)
	_______	_______

Net increase/(decrease) in cash and cash equivalents	( 246,575)	( 107,729)
Cash and cash equivalents at beginning of year	1,203,588	1,311,317
	_______	_______
Cash and cash equivalents at end of year	957,013	1,203,588
	_______	_______

Toyvend Plc

Notes to the financial statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Cottage Leap, Off Butlers Leap, Rugby, Warwickshire, CV21 3XP.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the exemption from preparing consolidated financial statements contained in Section 400 of the Companies Act 2006 on the basis that it is a subsidiary undertaking and its immediate parent undertaking is established under the law of any part of the United Kingdom.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	20 %	reducing balance
Fixtures fittings and equipment	-	25 %	reducing balance
Motor Vehicles	-	33 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Turnover

Turnover arises from:

	2025	2024
	£	£
Sale of goods	2,338,764	2,608,507
	_______	_______

The whole of the turnover is attributable to the principal activity of the company undertaken within United Kingdom and Europe.

5. Operating profit

Operating profit is stated after charging/(crediting):

	2025	2024
	£	£
Depreciation of tangible assets	21,788	17,556
(Gain)/loss on disposal of tangible assets	( 6,013)	( 330)
Impairment of trade debtors	18,397	8
Operating lease rentals	107,628	97,128
Fees payable for the audit of the financial statements	7,660	6,520
	_______	_______

6. Staff costs

The average number of persons employed by the company during the year, including the directors, amounted to:

	2025	2024
Warehouse and distribution	3	3
Engineers	3	3
Administration	5	5
	_______	_______
	11	11
	_______	_______

The aggregate payroll costs incurred during the year were:

	2025	2024
	£	£
Wages and salaries	300,190	306,322
Social security costs	24,008	23,330
Other pension costs	11,046	11,488
	_______	_______
	335,244	341,140
	_______	_______

7. Directors remuneration

The directors aggregate remuneration in respect of qualifying services was:

	2025	2024
	£	£
Remuneration	50,403	30,464
Company contributions to pension schemes in respect of qualifying services	1,154	645
	_______	_______
	51,557	31,109
	_______	_______

8. Other interest receivable and similar income

	2025	2024
	£	£
Bank deposits	33,085	27,165
	_______	_______

9. Interest payable and similar expenses

	2025	2024
	£	£
Other interest payable and similar expenses	-	111
	_______	_______

10. Tax on profit

Major components of tax expense

	2025	2024
	£	£
Current tax:
UK current tax expense	7,022	41,511
Adjustments in respect of previous periods	-	( 11)
	_______	_______
Total current tax	7,022	41,500

Deferred tax:
Origination and reversal of timing differences	19,593	2,805
	_______	_______
Tax on profit	26,615	44,305
	_______	_______

Reconciliation of tax expense

The tax assessed on the profit for the year is lower than (2024: lower than) the standard rate of corporation tax in the UK of 24.33 % (2024: 25.00%).

	2025	2024
	£	£
Profit before taxation	110,111	177,255
	_______	_______

Profit multiplied by rate of tax	26,790	44,314
Adjustments in respect of prior periods	-	( 11)
Effect of expenses not deductible for tax purposes	136	140
Effect of capital allowances and depreciation	( 19,904)	( 2,943)
Deferred taxation: origination and reversal of timing differences	19,593	2,805
	_______	_______
Tax on profit	26,615	44,305
	_______	_______
Factors affecting future tax expense
There are no other factors affecting future tax charges.

11. Earnings per share

Basic earnings/(loss) per share

The earnings/(loss) and weighted average number of shares used in the calculation of basic earnings/(loss) per share are as follows:

	2025	2024
	£	£
Profit for the year attributable to the owners of the company	83,496	132,950
	_______	_______

Diluted earnings/(loss) per share

The earnings/(loss) and weighted average number of shares used in the calculation of diluted earnings/(loss) per share are as follows:

	2025	2024
	£	£
Earnings/(loss) used in calculation of basic earnings/(loss) per share	83,496	132,950
	_______	_______

12. Dividends

Equity dividends

	2025	2024
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year)	220,000	211,458
	_______	_______

13. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 January 2025 and 31 December 2025	160,000	160,000
	_______	_______
Amortisation
At 1 January 2025 and 31 December 2025	160,000	160,000
	_______	_______
Carrying amount
At 31 December 2025	-	-
	_______	_______
At 31 December 2024	-	-
	_______	_______

14. Tangible assets

	Short leasehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 January 2025	5,759	338,786	57,163	77,065	478,773
Additions	-	-	78,808	23,851	102,659
Disposals	-	-	( 9,906)	( 14,390)	( 24,296)
	_______	_______	_______	_______	_______
At 31 December 2025	5,759	338,786	126,065	86,526	557,136
	_______	_______	_______	_______	_______
Depreciation
At 1 January 2025	5,759	334,276	42,307	48,409	430,751
Charge for the year	-	902	10,026	10,860	21,788
Disposals	-	-	( 9,762)	( 13,951)	( 23,713)
	_______	_______	_______	_______	_______
At 31 December 2025	5,759	335,178	42,571	45,318	428,826
	_______	_______	_______	_______	_______
Carrying amount
At 31 December 2025	-	3,608	83,494	41,208	128,310
	_______	_______	_______	_______	_______
At 31 December 2024	-	4,510	14,856	28,656	48,022
	_______	_______	_______	_______	_______

15. Stocks

	2025	2024
	£	£
Finished goods	666,387	626,115
	_______	_______

16. Debtors

	2025	2024
	£	£
Trade debtors	76,060	71,937
Prepayments and accrued income	16,507	15,930
Other debtors	149	2,863
	_______	_______
	92,716	90,730
	_______	_______

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

17. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	135,039	42,322
Accruals and deferred income	11,282	53,789
Corporation tax	7,022	41,511
Social security and other taxes	58,833	80,044
Other creditors	12,910	14,538
	_______	_______
	225,086	232,204
	_______	_______

Short term trade creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

18. Provisions

	Deferred tax (note 19)	Total
	£	£
At 1 January 2025	11,625	11,625
Additions	19,593	19,593
	_______	_______
At 31 December 2025	31,218	31,218
	_______	_______

19. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 18)	31,218	11,625
	_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	31,218	11,625
	_______	_______

The closing deferred tax assets and liabilities have been calculated taking into account that existing temporary timing differences may unwind in periods subject to the higher rates.

20. Employee benefits

The amount recognised in profit or loss in relation to defined contribution plans was £ 11,046 (2024: £ 11,488 ).

21. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary shares shares of £ 1.00 each	50,000	50,000	50,000	50,000
	_______	_______	_______	_______

22. Reserves

Profit & Loss Account - This reserve records retained earnings and accumulated losses.

23. Analysis of changes in net debt

	At 1 January 2025	Cash flows	At 31 December 2025
	£	£	£
Cash and cash equivalents	1,203,588	(246,575)	957,013
	_______	_______	_______
	1,203,588	( 246,575)	957,013
	_______	_______	_______

24. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	118,278	117,904
Later than 1 year and not later than 5 years	309,164	427,442
	_______	_______
	427,442	545,346
	_______	_______

25. Controlling party

The company is wholly owned subsidiary of Charlier-Brabo Group NV. CBG NV a company incorporated in Belgium. During the year the company made sales of £Nil and purchases of £56,654 with its parent company. At the Balance Sheet date the company had amounts due to the holding company of £Nil and amounts owed by the holding company of £Nil. The ultimate controlling party is Mr Raymond Charlier and his family, by virtue of their shareholding in the ultimate parent company.

26. General information.

Toyvend plc is a company incorporated and domiciled in England. The addresses of its registered office and principal place of business are disclosed in the directors' report.