Jericho Coffee Traders Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Jericho Coffee Traders Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09150001 . The registered office is Unit 2 Oxford Eco Centre, Osney Mead, Oxford, OX2 0ES.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

These financial statements are presented in pound sterling which is the functional currency of the company.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	2% SL
Plant & Machinery	25% RB
Motor Vehicles	25% RB
Fixtures & Fittings	25% RB
Computer Equipment	25% RB

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Jericho Coffee Traders Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.7. Financial Instruments

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially measured at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 27 (2025: 35)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2025	7,600

As at 31 March 2026	7,600

Amortisation
As at 1 April 2025	3,920
Provided during the period	760

As at 31 March 2026	4,680

Net Book Value
As at 31 March 2026	2,920

As at 1 April 2025	3,680

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Jericho Coffee Traders Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2025	39,461	215,500	-	968	255,929
Additions	-	17,296	23,495	-	40,791
Disposals	-	(1,300 )	-	-	(1,300 )

As at 31 March 2026	39,461	231,496	23,495	968	295,420

Depreciation
As at 1 April 2025	2,097	110,903	-	449	113,449
Provided during the period	789	30,162	5,874	130	36,955
Disposals	-	(54 )	-	-	(54 )

As at 31 March 2026	2,886	141,011	5,874	579	150,350

Net Book Value
As at 31 March 2026	36,575	90,485	17,621	389	145,070

As at 1 April 2025	37,364	104,597	-	519	142,480

6. Stocks

	2026	2025
	£	£
Stock	10,345	15,850

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	62,984	52,803
Other debtors	27,820	45,322

	90,804	98,125

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	8,263	3,400
Trade creditors	134,068	145,835
Bank loans and overdrafts	11,678	11,647
Other loans	-	12,417
Other creditors	59,901	46,112
Taxation and social security	21,242	28,330

	235,152	247,741

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Jericho Coffee Traders Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

9. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	23,600	18,959
Bank loans	29,239	39,967

	52,839	58,926

10. Secured Creditors

Of the creditors the following amounts are secured.

	2026		2025
	£		£
Net obligations under finance lease and hire purchase contracts	31,863		22,359

11. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	8,263	3,400
Later than one year and not later than five years	23,600	18,959

	31,863	22,359

	31,863	22,359

12. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	1	1

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		2,920		3,680
Tangible Assets	5		145,070		142,480

			147,990		146,160
CURRENT ASSETS
Stocks	6	10,345		15,850
Debtors	7	90,804		98,125
Cash at bank and in hand		42,512		4,386

		143,661		118,361
Creditors: Amounts Falling Due Within One Year	8	(235,152 )		(247,741 )

NET CURRENT ASSETS (LIABILITIES)			(91,491 )		(129,380 )

TOTAL ASSETS LESS CURRENT LIABILITIES			56,499		16,780

Creditors: Amounts Falling Due After More Than One Year	9		(52,839 )		(58,926 )

NET ASSETS/(LIABILITIES)			3,660		(42,146 )

CAPITAL AND RESERVES
Called up share capital	12		1		1
Profit and Loss Account			3,659		(42,147 )

SHAREHOLDERS' FUNDS			3,660		(42,146)