Tiana Fair Trade Organics Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 July 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit 9 Crystal Way
Harrow
Middlesex
HA1 2HP

These financial statements were authorised for issue by the Board on 27 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tiana Fair Trade Organics Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 July 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures, fittings and equipments	20% straight line
Plant and machinery	20% straight line
Office equipment	20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Tiana Fair Trade Organics Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 July 2025

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 3).

4	Pension and other schemes

Defined contribution pension scheme

The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £470 (2024 - £Nil).

Contributions totalling £97 (2024 - £102) were payable to the scheme at the end of the year and are included in creditors.

Tiana Fair Trade Organics Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 July 2025

5

Taxation

The tax on profit before tax for the year is the same as the standard rate of corporation tax in the UK (2024 - the same as the standard rate of corporation tax in the UK) of 19% (2024 - 19%).

The differences are reconciled below:

	2025 £	2024 £
(Loss)/profit before tax	(8,345)	18,868
Corporation tax at standard rate	(1,586)	3,585
Effect of tax losses	1,712	(3,428)
Tax decrease from effect of capital allowances and depreciation	(126)	(157)
Total tax charge/(credit)	-	-

Tiana Fair Trade Organics Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 July 2025

6	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Office equipment £	Total £
Cost
At 29 July 2024	49,572	124,146	24,495	198,213
Additions	-	-	4,341	4,341
At 28 July 2025	49,572	124,146	28,836	202,554
Accumulated depreciation
At 29 July 2024	48,830	123,095	21,330	193,255
Charge for the year	342	1,048	2,287	3,677
At 28 July 2025	49,172	124,143	23,617	196,932
Carrying amount
At 28 July 2025	400	3	5,219	5,622
At 28 July 2024	742	1,051	3,165	4,958

7

Stocks

	2025 £	2024 £
Inventories	119,540	104,713

8

Debtors

Current	2025 £	2024 £
Trade debtors	896,736	823,175
Prepayments	1,207	1,410
Other debtors	1,000	8,745
	898,943	833,330

Tiana Fair Trade Organics Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 July 2025

9

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	106,584	65,001
Taxation and social security	16,590	186
Accruals and deferred income	4,925	4,825
Other creditors	188,107	267,546
	316,206	337,558

10	Related party transactions

During the year the company made the following related party transactions:

Directors

During the year, the directors loan repaid of £120,892 (2024: £92,600) by the company. Directors also advanced further loans of £29,000 (2024: £157,340) during the year to the Company.

At the balance sheet date the amount due to the directors was £174,688 (2024: £267,581).

11	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	10,000	10,000	10,000	10,000