Registration number: 12272223

Foundation Coffee Roasters Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 10

Foundation Coffee Roasters Limited

Company Information

Directors

Mr J P Farmer Mr J McWilliams

Registered office

Unit 1 Penbeagle Industrial Estate St Ives TR26 2JH

Accountants

D.J. Reynolds & Co. 15 Alverton Street Penzance Cornwall TR18 2QP

Foundation Coffee Roasters Limited

(Registration number: 12272223)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	287	360
Tangible assets	5	65,691	82,114
		65,978	82,474
Current assets
Stocks	6	49,088	9,000
Debtors	7	35,208	18,258
Cash at bank and in hand		24,909	9,954
		109,205	37,212
Creditors: Amounts falling due within one year	8	(99,800)	(104,574)
Net current assets/(liabilities)		9,405	(67,362)
Total assets less current liabilities		75,383	15,112
Creditors: Amounts falling due after more than one year	8	(574)	(6,642)
Provisions for liabilities		(12,481)	-
Net assets		62,328	8,470
Capital and reserves
Called up share capital	9	100	100
Retained earnings		62,228	8,370
Shareholders' funds		62,328	8,470

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 July 2026 and signed on its behalf by:
 

......................................... Mr J P Farmer Director

......................................... Mr J McWilliams Director

Foundation Coffee Roasters Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1	General information

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

The address of its registered office is:
Unit 1
Penbeagle Industrial Estate
St Ives
TR26 2JH

These financial statements were authorised for issue by the Board on 29 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.

The presentational currency in these financial statements is GB pounds sterling £.

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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Foundation Coffee Roasters Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

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
Plant and machinery	20% reducing balance
Office equipment	20% reducing balance
Motor vehicles	20% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Trademarks	10% 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. 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.

Foundation Coffee Roasters Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

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.
Trade creditors are recognised initially at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

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 5 (2024 - 5).

Foundation Coffee Roasters Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 November 2024	725	725
At 31 October 2025	725	725
Amortisation
At 1 November 2024	365	365
Amortisation charge	73	73
At 31 October 2025	438	438
Carrying amount
At 31 October 2025	287	287
At 31 October 2024	360	360

Foundation Coffee Roasters Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

5	Tangible assets

	Office equipment £	Motor vehicles  £	Machinery and equipment £	Total £
Cost or valuation
At 1 November 2024	1,550	11,185	198,856	211,591
At 31 October 2025	1,550	11,185	198,856	211,591
Depreciation
At 1 November 2024	758	2,237	126,482	129,477
Charge for the year	158	1,790	14,475	16,423
At 31 October 2025	916	4,027	140,957	145,900
Carrying amount
At 31 October 2025	634	7,158	57,899	65,691
At 31 October 2024	792	8,948	72,374	82,114

6

Stocks

	2025 £	2024 £
Other inventories	49,088	9,000

7

Debtors

Current	2025 £	2024 £
Trade debtors	26,456	11,920
Prepayments	13	10
Other debtors	8,739	6,328
	35,208	18,258

Foundation Coffee Roasters Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	17,900	68,900
Trade creditors		75,342	21,666
Taxation and social security		2,498	476
Accruals and deferred income		1,465	1,465
Other creditors		2,595	12,067
		99,800	104,574