Coffee Tales Ltd

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

1. General Information

Coffee Tales Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09228872 . The registered office is Unit 21a 57 Frederick Street, Birmingham, West Midlands, B1 3HS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis. At 31 January 2026 the company had net liabilities of £17,427 (2025 restated: £11,247). The company is financed by its directors, to whom it owed £107,593 at the year end, including a long-term loan of £100,000 from Mr Yu Kam. The directors have confirmed that they will continue to support the company and will not seek repayment of the amounts owed to them for at least twelve months from the date of approval of these financial statements, where repayment would leave the company unable to meet its other liabilities as they fall due. On this basis the directors consider it appropriate to prepare the financial statements on a going concern basis.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover represents sales of food and drink and is recognised at the point of sale.

2.4. 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 on a straight line basis over its estimated economic life of 12.5 years (8% of cost a year). Up to 31 January 2025 goodwill was amortised at 8% a year on the reducing balance basis. The change to the straight line basis from 1 February 2025 is a change in accounting estimate and has been applied prospectively.

2.5. 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:

Plant & Machinery	20% on cost
Fixtures & Fittings	20% on cost
Computer Equipment	33% on cost

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.

2.7. 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.

...CONTINUED

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Coffee Tales Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.7. Taxation - continued

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: 11 (2025: 14)

4. Prior Period Adjustment

During the year the directors identified errors in the financial statements for the year ended 31 January 2025. Cash at bank was overstated because bank transactions had not been reconciled; a cash in hand balance was carried that did not exist; trade debtors and trade creditors included sales and purchase invoices that had already been settled; the PAYE creditor included an unsupported balance; rent paid in advance had been expensed; the directors’ loan account included balancing entries for which there was no supporting evidence; supplier invoices of a related company paid by the company had been charged as the company’s own expenses; and VAT recoverable on purchases had been expensed. The comparative figures have been restated to correct these errors. The balance with the related company, previously shown as separate amounts owed by and to group undertakings, is a single loan account and is now shown within debtors as an amount owed by a related party. The bank loan instalments due within one year (£10,000) and the directors’ loan of £100,000 (previously within other creditors due after one year) have also been reclassified.

5. Intangible Assets

	Goodwill
	£
Cost
As at 1 February 2025	60,639

As at 31 January 2026	60,639

Amortisation
As at 1 February 2025	36,961
Provided during the period	4,851

As at 31 January 2026	41,812

Net Book Value
As at 31 January 2026	18,827

As at 1 February 2025	23,678

6. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 February 2025	24,102	31,196	5,723	61,021
Additions	545	-	-	545

As at 31 January 2026	24,647	31,196	5,723	61,566

...CONTINUED

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Coffee Tales Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

Depreciation
As at 1 February 2025	22,265	24,232	5,723	52,220
Provided during the period	1,000	3,669	-	4,669

As at 31 January 2026	23,265	27,901	5,723	56,889

Net Book Value
As at 31 January 2026	1,382	3,295	-	4,677

As at 1 February 2025	1,837	6,964	-	8,801

7. Stocks

	2026	2025 as restated
	£	£
Work in progress	-	1,000

8. Debtors

	2026	2025 as restated
	£	£
Due within one year
Trade debtors	3,092	880
Prepayments and accrued income	7,890	7,884
Other debtors	11,500	11,500
Other debtors (3)	91,381	88,131

	113,863	108,395

9. Creditors: Amounts Falling Due Within One Year

	2026	2025 as restated
	£	£
Trade creditors	15,608	4,257
Bank loans and overdrafts	10,000	10,000
Other taxes and social security	2,574	1,769
VAT	14,864	10,551
Net wages	12,249	11,743
Other creditors (1)	230	336
Accruals and deferred income	27	-
Directors' loan accounts	7,593	3,588

	63,145	42,244

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

	2026	2025 as restated
	£	£
Bank loans	2,500	11,667
Directors' loan account	100,000	100,000

	102,500	111,667

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Coffee Tales Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

11. Share Capital

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

12. Related Party Transactions

Transactions with directors

At 31 January 2026 the company owed the directors £107,593 (2025 restated: £103,588). This comprises a loan of £100,000 (2025: £100,000) from Mr Yu Kam, which is not repayable within one year, and £7,593 (2025: £3,588) on the directors’ current accounts. During the year the directors paid company expenses of £4,005 personally. The loans are unsecured, interest free and have no fixed repayment terms.

Coffee Tales Harborne T/A Coffee Tales Ltd

Coffee Tales Harborne is under the control of Mr Yu Kam, a director. At 31 January 2026 Coffee Tales Harborne owed the company £91,381 (2025 restated: £88,131) on a loan and current account. During the year the company lent a further £3,000 to Coffee Tales Harborne and paid £250 of its expenses, and cash takings of £50,500 were banked through Coffee Tales Harborne’s account and transferred to the company. The balance is unsecured, interest free and has no fixed repayment terms.

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		2026		2025 as restated
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	5		18,827		23,678
Tangible Assets	6		4,677		8,801

			23,504		32,479
CURRENT ASSETS
Stocks	7	-		1,000
Debtors	8	113,863		108,395
Cash at bank and in hand		10,851		1,979

		124,714		111,374
Creditors: Amounts Falling Due Within One Year	9	(63,145 )		(42,244 )

NET CURRENT ASSETS (LIABILITIES)			61,569		69,130

TOTAL ASSETS LESS CURRENT LIABILITIES			85,073		101,609

Creditors: Amounts Falling Due After More Than One Year	10		(102,500 )		(111,667 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			-		(1,189 )

NET LIABILITIES			(17,427 )		(11,247 )

CAPITAL AND RESERVES
Called up share capital	11		1		1
Profit and Loss Account			(17,428 )		(11,248 )

SHAREHOLDERS' FUNDS			(17,427)		(11,247)