Registration number:
Kudos Blends Limited
for the Year Ended 31 December 2025
Kudos Blends Limited
Contents
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Company Information |
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Strategic Report |
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Director's Report |
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Statement of Director's Responsibilities |
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Independent Auditor's Report |
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Profit and Loss Account |
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Balance Sheet |
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Statement of Changes in Equity |
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Statement of Cash Flows |
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Notes to the Financial Statements |
Kudos Blends Limited
Company Information
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Director |
D E Thompson |
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Company secretary |
I M Thompson |
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Registered office |
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Auditors |
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Kudos Blends Limited
Strategic Report for the Year Ended 31 December 2025
The director presents the strategic report for the year ended 31 December 2025.
Principal activity
The principal activity of the company is Manufacture and supply of technically driven leavening agents.
Fair review of the business
The sole Director presents the strategic report for the year ended 31 December 2025. Overall, the Director is pleased with the performance of the business and sees a strong future in developing overseas sales of its unique patented products.
The Company’s key financial data for the year:
|
Financial KPIs |
Unit |
2025 |
2024 |
|
Turnover |
£ |
16,198,331 |
16,142,982 |
|
Total operating profit |
£ |
2,349,677 |
2,278,408 |
|
Profit after tax |
£ |
1,739,941 |
1,988,211 |
|
Exceptional costs |
£ |
480,353 |
- |
The Company’s principal activity is the development, manufacture and sale of technically driven leavening agents to the bakery industry. The Company continues to maintain a strong position in the UK market delivering exemplary service to its customers, supported by strong interpersonal relationships and innovative, patented product offerings backed up by technical experts. The Director is pleased with the performance of the Company and excited by future export opportunities.
During 2025, a particular focus on the relationship with its North American distribution partner, coupled with an industry exhibition in the region, set the basis for initiating sales of the innovative, solution-led products in the region. The strategy is to provide innovative patented products which offer global bakeries the opportunity to solve current market challenges, such as reducing sodium and removing and replacing phosphates.
Whilst delivering another set of strong financial results, during the year the business incurred some extensive and exceptional costs predominantly due to professional services in conducting detailed analysis of the companies financials, operations and future risks and opportunities.
The expenditure resulted in significant improvements to internal processes, financial reporting, monitoring and sales capability. These improvements have continued into 2026 and have strengthened the Company’s ability to measure and monitor its key financial and operational performance indicators.
During 2025, the Company continued to invest in operational and R&D activities as well as improvements to new and existing infrastructure in sales and administration functions.
Kudos Blends Limited
Strategic Report for the Year Ended 31 December 2025
Key Performance Indicators
The Company has a wide range of both financial and non-financial related KPIs that are monitored and measured and presented monthly to the management team.
Financial KPIs include monitoring of turnover and profitability, costs period to period, together with stock value and administrative expenses. Creditors are paid in full and on time and debtor days are monitored but vary according to the sourcing of the raw materials and changes to stock value in response to economic uncertainties relating to imports.
The Company utilises a suite of targeted non-financial key performance indicators related to quality, health and safety and production efficiencies. These measures are monitored on a weekly and monthly basis and are used to identify areas for improvements and maintain standards across the business.
As of 31 December 2025, the Company had recorded more than 7.5 years since a last lost time accident.
The Company’s manufacturing site was audited against the BRCGS Food Safety Standard achieving Grade AA again, maintaining a grade of AA or greater for 17 consecutive years.
Kudos Blends Limited
Strategic Report for the Year Ended 31 December 2025
Principal risks and uncertainties
The following uncertainties and business risks have been identified:
• Cost inflation such as labour and energy cost increases
• Supply chain volatility
• Loss of a key customer
• Loss of a key supplier
• Product contamination
• Loss of key staff and associated expertise
• Loss of proprietary and confidential information
During 2025 there were supply chain challenges relating to imported raw materials owing to the ongoing global economic unrest, with extended lead times and increased shipping costs. This has led to variations on the business model for stock holding. Holding significant cash reserves in the business has allowed for increased stock holdings where appropriate to ensure continuity of supply to customers and provide greater certainty over pricing.
Other risks are carefully managed and mitigated through insurance arrangements, contracts of employment, dual supply of ingredients, customer diversification and established, high standards for manufacturing food products safely.
Future Business Aspirations
The Company’s strategy is to continue developing its established UK business while expanding its sales internationally, particularly through its patented and technically-driven product portfolio.
Key activities in the future include further investments on site and the continued implementation of stronger processes and procedures across all functions. This is coupled with a development plan to empower, upskill and provide greater accountability to the management team. The Company is preparing for future extensive growth in the next two to three years as we engage with many of the global and well-known bakeries.
The Company will continue to monitor market conditions, supply chain risks and customer demand and will adjust its plans as appropriate.
Subsequent Events
Since the year end the company carried out an own share buy back to remove the inactive minority shareholders and enable full focus of the strategic direction of the company to be brought under full ownership of the founder and current managing director.
Approved and authorised by the
Kudos Blends Limited
Strategic Report for the Year Ended 31 December 2025
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Kudos Blends Limited
Director's Report for the Year Ended 31 December 2025
The report and the financial statements for the year ended 31 December 2025.
Director of the company
The director who held office during the year was as follows:
Financial instruments
Objectives and policies
The company does not utilise any external financial instruments such a loans, finance leases or hire purchase contracts to fund its business operations.
The company has various financial instruments such as trade debtors and trade creditors which arise directly from its trading operations.
The company does not enter into derivative transactions.
The main policy of the financial management is to maximise returns on the funds held, together with providing investment in the growth and development of the business.
Price risk, credit risk, liquidity risk and cash flow risk
The company seeks to manage credit risk by only selling to reputable and credit worth customers.
The company aims to maintain relationships with its suppliers by paying in accordance with credit terms.
Price risk is managed through careful review of pricing trends and ability to manage levels of stocks held.
Liquidity risk is not considered significant due to the cash reserves held and maintained by the business.
Disclosure of information to the auditors
The director has taken steps that ought to have taken as a director in order to make aware of any relevant audit information and to establish that the company's auditors are aware of that information. The director confirms that there is no relevant information that of and of which the auditors are unaware.
Approved and authorised by the
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Kudos Blends Limited
Statement of Director's Responsibilities
The responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:
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select suitable accounting policies and apply them consistently; |
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make judgements and accounting estimates that are reasonable and prudent; |
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state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The director is 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 to ensure that the financial statements comply with the Companies Act 2006. 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.
Kudos Blends Limited
Independent Auditor's Report to the Members of Kudos Blends Limited
Opinion
We have audited the financial statements of Kudos Blends Limited (the 'company') for the year ended 31 December 2025, which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity, 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 Financial Reporting Standard 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 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 director's 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 original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.
Other information
The director are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. 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.
Kudos Blends Limited
Independent Auditor's Report to the Members of Kudos Blends Limited
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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• |
the information given in the Strategic Report and Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
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• |
the Strategic Report and Director's Report have been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of our 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 and the Director's 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 returns; or |
• | certain disclosures of director's remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit. |
Responsibilities of the director
As explained more fully in the Statement of Director's Responsibilities [set out on page 7], the director is 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 director determines 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 director is 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 director either intends to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Kudos Blends Limited
Independent Auditor's Report to the Members of Kudos Blends Limited
Auditor 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.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
The engagement partner ensured that the audit team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations.
We identified the laws and regulations applicable to the Company through discussions with Directors and other management and from our commercial knowledge and experience of this business sector.
We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence.
We assessed the susceptibility of the Company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
Making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud.
Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
To address the risk of fraud through management bias and override of controls we:
Performed analytical procedures to identify any unusual or unexpected relationships.
Assessed whether judgments and assumptions made in determining accounting estimates included in the Accounts were indicative of potential bias.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiring of the Directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error, as they may involve deliberate concealment or collusion.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Kudos Blends Limited
Independent Auditor's Report to the Members of Kudos Blends Limited
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 auditor’s 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.
......................................
For and on behalf of
Cleobury Mortimer
Worcestershire
DY14 8DQ
Kudos Blends Limited
Profit and Loss Account for the Year Ended 31 December 2025
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Note |
2025 |
2024 |
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|
Turnover |
|
|
|
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Cost of sales |
( |
( |
|
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Gross profit |
|
|
|
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Administrative expenses |
( |
( |
|
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Other operating income |
|
|
|
|
Operating profit |
2,215,429 |
2,278,408 |
|
|
Other interest receivable and similar income |
|
|
|
|
Interest payable and similar expenses |
( |
- |
|
|
134,248 |
152,507 |
||
|
Profit before tax |
|
|
|
|
Tax on profit |
( |
( |
|
|
Profit for the financial year |
|
|
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Kudos Blends Limited
(Registration number: 03827452)
Balance Sheet as at 31 December 2025
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Note |
2025 |
2024 |
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Fixed assets |
|||
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Tangible assets |
|
|
|
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Current assets |
|||
|
Stocks |
|
|
|
|
Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
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Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current assets |
|
|
|
|
Total assets less current liabilities |
|
|
|
|
Creditors: Amounts falling due after more than one year |
( |
( |
|
|
Provisions for liabilities |
( |
( |
|
|
Net assets |
|
|
|
|
Capital and reserves |
|||
|
Called up share capital |
22,727 |
22,727 |
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|
Capital redemption reserve |
27,273 |
27,273 |
|
|
Retained earnings |
13,129,783 |
11,539,691 |
|
|
Shareholders' funds |
13,179,783 |
11,589,691 |
Approved and authorised by the
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Kudos Blends Limited
Statement of Changes in Equity for the Year Ended 31 December 2025
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Share capital |
Capital redemption reserve |
Retained earnings |
Total |
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At 1 January 2025 |
|
|
|
|
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Profit for the year |
- |
- |
|
|
|
Dividends |
- |
- |
( |
( |
|
At 31 December 2025 |
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|
|
|
|
Share capital |
Capital redemption reserve |
Retained earnings |
Total |
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|
At 1 January 2024 |
|
|
|
|
|
Profit for the year |
- |
- |
|
|
|
Dividends |
- |
- |
( |
( |
|
At 31 December 2024 |
22,727 |
27,273 |
11,539,691 |
11,589,691 |
Kudos Blends Limited
Statement of Cash Flows for the Year Ended 31 December 2025
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Note |
2025 |
2024 |
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Cash flows from operating activities |
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Profit for the year |
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Adjustments to cash flows from non-cash items |
|||
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Depreciation and amortisation |
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Loss/(profit) on disposal of tangible assets |
|
( |
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Finance income |
( |
( |
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Finance costs |
|
- |
|
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Income tax expense |
|
|
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||
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Working capital adjustments |
|||
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Decrease/(increase) in stocks |
|
( |
|
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(Increase)/decrease in debtors |
( |
|
|
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Increase/(decrease) in creditors |
|
( |
|
|
Decrease in deferred income, including government grants |
( |
( |
|
|
Cash generated from operations |
|
|
|
|
Income taxes paid |
( |
( |
|
|
Net cash flow from operating activities |
|
|
|
|
Cash flows from investing activities |
|||
|
Interest received |
|
|
|
|
Acquisitions of tangible assets |
( |
( |
|
|
Proceeds from sale of tangible assets |
|
|
|
|
Net cash flows from investing activities |
( |
( |
|
|
Cash flows from financing activities |
|||
|
Interest paid |
( |
- |
|
|
Dividends paid |
( |
( |
|
|
Net cash flows from financing activities |
( |
( |
|
|
Net increase in cash and cash equivalents |
|
|
|
|
Cash and cash equivalents at 1 January |
|
|
|
|
Cash and cash equivalents at 31 December |
7,148,511 |
5,743,408 |
|
Kudos Blends Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
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General information |
The company is a private company limited by share capital, incorporated in United Kingdom.
The address of its registered office is:
These financial statements were authorised for issue by the
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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 were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.
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.
Key sources of estimation uncertainty
Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations or future events that are belived to be reasonable under the circumstances.
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the actual results. In the opinion of the directors there are no estimates nor assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year..
Tangible fixed assets are depreciated over their useful lives, taking into account residual values, where appropriate. In the opinion of the directors the depreciation rates used are appropriate as significant profits/losses do not occur on any disposals made..
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.
Kudos Blends Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
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.
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 |
|
Improvements to Property |
15-25 years straight line |
|
Plant and Machinery, Fixtures and Fittings |
20% Reducing Balance |
|
Office Equipment |
33% Straight Line |
|
Motor Vehicles |
20% Reducing Balance |
Kudos Blends Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life.
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 weighted average cost method.
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.
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.
Kudos Blends Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
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.
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Turnover |
The analysis of the company's revenue for the year from continuing operations is as follows:
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2025 |
2024 |
|
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Sale of goods |
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|
The analysis of the company's turnover for the year by market is as follows:
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2025 |
2024 |
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UK |
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Europe |
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Rest of world |
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Kudos Blends Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
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Other operating income |
The analysis of the company's other operating income for the year is as follows:
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2025 |
2024 |
|
|
Release of capital grants |
|
|
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Other gains and losses |
The analysis of the company's other gains and losses for the year is as follows:
|
2025 |
2024 |
|
|
Gain/loss on disposal of property, plant and equipment |
( |
|
|
Operating profit |
Arrived at after charging/(crediting)
|
2025 |
2024 |
|
|
Depreciation expense |
|
|
|
Foreign exchange losses |
|
|
|
Loss/(profit) on disposal of property, plant and equipment |
|
( |
|
Other interest receivable and similar income |
|
2025 |
2024 |
|
|
Interest income on bank deposits |
|
|
|
Interest payable and similar expenses |
|
2025 |
2024 |
|
|
Interest expense on other finance liabilities |
|
- |
Kudos Blends Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
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Staff costs |
The aggregate payroll costs (including director's remuneration) were as follows:
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2025 |
2024 |
|
|
Wages and salaries |
|
|
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Social security costs |
|
|
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Pension costs, defined contribution scheme |
|
|
|
|
|
The average number of persons employed by the company (including the director) during the year, analysed by category was as follows:
|
2025 |
2024 |
|
|
Production - weekly |
|
|
|
Management - monthly |
|
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|
|
|
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Director's remuneration |
The director's remuneration for the year was as follows:
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2025 |
2024 |
|
|
Remuneration |
|
|
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Contributions paid to money purchase schemes |
|
|
|
68,784 |
68,784 |
|
Auditors' remuneration |
|
2025 |
2024 |
|
|
Audit of the financial statements |
|
|
Kudos Blends Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Taxation |
Tax charged/(credited) in the income statement
|
2025 |
2024 |
|
|
Current taxation |
||
|
UK corporation tax |
|
|
|
UK corporation tax adjustment to prior periods |
( |
- |
|
567,766 |
452,793 |
|
|
Deferred taxation |
||
|
Arising from origination and reversal of timing differences |
|
( |
|
Tax expense in the income statement |
|
|
The tax on profit before tax for the year is higher than the standard rate of corporation tax in the UK (2024 - lower than the standard rate of corporation tax in the UK) of
The differences are reconciled below:
|
2025 |
2024 |
|
|
Profit before tax |
|
|
|
Corporation tax at standard rate |
|
|
|
Effect of expense not deductible in determining taxable profit (tax loss) |
|
- |
|
Adjustments to tax charge relating to prior period |
( |
( |
|
Tax increase (decrease) from effect of capital allowances and depreciation |
( |
|
|
Tax increase (decrease) from other short-term timing differences |
|
( |
|
Tax increase (decrease) from effect of adjustment in research and development tax credit and patent box deductions |
( |
( |
|
Other tax effects for reconciliation between accounting profit and tax expense (income) |
( |
|
|
Total tax charge |
|
|
Kudos Blends Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Deferred tax
Deferred tax assets and liabilities
|
2025 |
Asset |
Liability |
|
Accelerated capital allowances |
- |
|
|
- |
|
|
2024 |
Asset |
Liability |
|
Accelerated capital allowances |
- |
|
|
- |
|
|
Tangible assets |
|
Land and buildings |
Furniture, fittings and equipment |
Motor vehicles |
Other tangible assets |
Total |
|
|
Cost or valuation |
|||||
|
At 1 January 2025 |
|
|
|
|
|
|
Additions |
|
|
- |
|
|
|
Disposals |
- |
( |
( |
( |
( |
|
At 31 December 2025 |
|
|
|
|
|
|
Depreciation |
|||||
|
At 1 January 2025 |
|
|
|
|
|
|
Charge for the year |
|
|
|
|
|
|
Eliminated on disposal |
- |
( |
( |
( |
( |
|
At 31 December 2025 |
|
|
|
|
|
|
Carrying amount |
|||||
|
At 31 December 2025 |
|
|
|
|
|
|
At 31 December 2024 |
|
|
|
|
|
Included within the net book value of land and buildings above is £475,950 (2024 - £475,950) in respect of freehold land and buildings and £469,566 (2024 - £393,554) in respect of long leasehold land and buildings.
Kudos Blends Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Stocks |
|
2025 |
2024 |
|
|
Raw materials and consumables |
|
|
|
Finished goods |
|
|
|
|
|
Impairment of stocks
The amount of impairment loss included in profit or loss is £Nil (2024 - £Nil).
|
Debtors |
|
Current |
2025 |
2024 |
|
Trade debtors |
|
|
|
Other debtors |
|
|
|
Prepayments |
|
|
|
|
|
|
Cash and cash equivalents |
|
2025 |
2024 |
|
|
Cash at bank |
|
|
Kudos Blends Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Creditors |
|
Note |
2025 |
2024 |
|
|
Due within one year |
|||
|
Trade creditors |
|
|
|
|
Social security and other taxes |
|
|
|
|
Outstanding defined contribution pension costs |
|
|
|
|
Other payables |
- |
|
|
|
Accrued expenses |
|
|
|
|
Income tax liability |
130,494 |
157,881 |
|
|
Deferred income |
|
|
|
|
|
|
||
|
Due after one year |
|||
|
Deferred income |
|
|
|
Provisions for liabilities |
|
Deferred tax |
Total |
|
|
At 1 January 2025 |
|
|
|
Increase (decrease) in existing provisions |
|
|
|
At 31 December 2025 |
|
|
|
|
||
|
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 £
Contributions totalling £
Kudos Blends Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
22,727 |
|
22,727 |
|
Obligations under leases and hire purchase contracts |
Operating leases
The total of future minimum lease payments is as follows:
|
2025 |
2024 |
|
|
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
Later than five years |
|
|
|
|
|
The amount of non-cancellable operating lease payments recognised as an expense during the year was £
Kudos Blends Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Commitments |
Capital commitments
The total amount contracted for but not provided in the financial statements was £Nil (2024 - £
Other financial commitments
The total amount of other financial commitments not provided in the financial statements was £
|
Related party transactions |
Subsequent to the year end the directors loan disclosed below has been cleared.
Interest has been charged at the official rate by the Company on the loan to the directors in the tax year to which the loan related.
|
Transactions with the director |
|
2025 |
At 1 January 2025 |
Advances to director |
Other payments made to company by director |
At 31 December 2025 |
|
D E Thompson |
||||
|
Advances and credits to director |
|
|
(139,479) |
|
|
2024 |
At 1 January 2024 |
Advances to director |
At 31 December 2024 |
|
D E Thompson |
|||
|
Advances and credits to director |
( |
|
|