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Registration number: 07509185

Create Better Distribution Limited
Annual Report and Financial Statements
for the Year Ended 31 December 2024

Create Better Distribution Limited

Contents

Company Information | 1
Directors' Report | 2
Statement of Directors' Responsibilities | 3
Independent Auditor's Report | 4 to 6
Profit and Loss Account | 7
Statement of Comprehensive Income | 8
Balance Sheet | 9
Statement of Changes in Equity | 10
Notes to the Financial Statements | 11 to 18

Create Better Distribution Limited

Company Information

Directors | G Linney Mr Peter James Kitchener

Company secretary | Kelly-Marie Wheatcroft

Registered office | Private Road 8 Colwick Industrial Estate Nottingham NG4 2JX

Auditors | Just Audit & Assurance Ltd Statutory Auditor37 Market Square Witney Oxfordshire OX28 6RE

Create Better Distribution Limited

Directors' Report for the Year Ended 31 December 2024

The directors present their report and the financial statements for the year ended 31 December 2024.

Directors of the company

The directors who held office during the year were as follows:

G Linney

Mr Peter James Kitchener

Principal activity

The principal activity of the company is the sourcing, distribution and fulfilment to the cake and sugar market

Disclosure of information to the auditors

Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 1 May 2025 and signed on its behalf by:

......................................... G Linney Director

Create Better Distribution Limited

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have 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 directors must not approve the financial statements unless they are 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 directors are required to:

• | select suitable accounting policies and apply them consistently;

• | make judgements and accounting estimates that are reasonable and prudent;

• | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are 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 them to ensure that the financial statements comply with the Companies Act 2006. They are 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.

Create Better Distribution Limited

Independent Auditor's Report to the Members of Create Better Distribution Limited

Opinion

We have audited the financial statements of Create Better Distribution Limited (the 'company') for the year ended 31 December 2024, which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, 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 FRS 102 Section 1A '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 2024 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 directors with respect to going concern are described in the relevant sections of this report.

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.

Create Better Distribution Limited

Independent Auditor's Report to the Members of Create Better Distribution 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:

• | the information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• | the Directors' Report has 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 Directors' 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 directors' remuneration specified by law are not made; or
• | we have not received all the information and explanations we require for our audit; or
• | the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the directors’ report and from the requirement to prepare a strategic report.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities [set out on page 3], the directors are 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 directors determine 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 directors are 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 directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

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:

Create Better Distribution Limited

Independent Auditor's Report to the Members of Create Better Distribution Limited

Our assessment focused on key laws and regulations the company has to comply with and areas of the financial statements we assessed as being more susceptible to misstatement. These key laws and regulations included but were not limited to compliance with the Companies Act 2006, United Kingdom Generally Accepted Accounting Practice and relevant tax legislation.
We are not responsible for preventing irregularities. Our approach to detect irregularities included, but was not limited to, the following:
• obtaining an understanding of the entity’s policies and procedures and how the entity has complied with these, through discussions and sample testing of controls;
• obtaining an understanding of the legal and regulatory framework applicable to the entity and how the entity is complying with that framework;
• an understanding of the entity’s risk assessment process, including the risk of fraud;
• designing our audit procedures to respond to our risk assessment; and
• performing audit work over the risk of management override of controls including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing estimates for bias.

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.

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.

......................................
Jonathan Russell (Senior Statutory Auditor)
For and on behalf of Just Audit & Assurance Ltd, Statutory Auditor
37 Market Square
Witney
Oxfordshire
OX28 6RE

1 May 2025

Create Better Distribution Limited

Profit and Loss Account for the Year Ended 31 December 2024

| Note | 31 December 2024 £ | 31 December 2023 £
Turnover |  | 86,000 | 67,479
Cost of sales |  | (44,818) | (50,049)
Gross profit |  | 41,182 | 17,430
Distribution costs |  | (99) | 12,014
Administrative expenses |  | (3,150,623) | (3,139,048)
Other operating income |  | 3,723,413 | 3,580,492
Operating profit |  | 613,873 | 470,888
Interest payable and similar expenses |  | (395,028) | (377,303)
Profit before tax | 5 | 218,845 | 93,585
Profit for the financial year |  | 218,845 | 93,585

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Create Better Distribution Limited

Statement of Comprehensive Income for the Year Ended 31 December 2024

| 31 December 2024 £ | 31 December 2023 £
Profit for the year | 218,845 | 93,585
Total comprehensive income for the year | 218,845 | 93,585

Create Better Distribution Limited

(Registration number: 07509185)
Balance Sheet as at 31 December 2024

| Note | 31 December 2024 £ | 31 December 2023 £
Fixed assets |  |  |
Intangible assets | 6 | 29,482 | 34,883
Tangible assets | 7 | 779,183 | 871,586
|  | 808,665 | 906,469
Current assets |  |  |
Stocks | 8 | 2,939,422 | 2,470,340
Debtors | 9 | 5,541,435 | 4,815,034
Cash at bank and in hand |  | 73,781 | 217,899
|  | 8,554,638 | 7,503,273
Creditors: Amounts falling due within one year | 10 | (8,722,038) | (7,987,322)
Net current liabilities |  | (167,400) | (484,049)
Total assets less current liabilities |  | 641,265 | 422,420
Provisions for liabilities |  | (81,259) | (81,259)
Net assets |  | 560,006 | 341,161
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 559,906 | 341,061
Shareholders' funds |  | 560,006 | 341,161

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 1 May 2025 and signed on its behalf by:

......................................... G Linney Director |  |

Create Better Distribution Limited

Statement of Changes in Equity for the Year Ended 31 December 2024

| Share capital £ | Retained earnings £ | Total £
At 1 January 2024 | 100 | 341,061 | 341,161
Profit for the year | - | 218,845 | 218,845
At 31 December 2024 | 100 | 559,906 | 560,006

| Share capital £ | Retained earnings £ | Total £
At 1 January 2023 | 100 | 247,476 | 247,576
Profit for the year | - | 93,585 | 93,585
At 31 December 2023 | 100 | 341,061 | 341,161

Create Better Distribution Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

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:
Private Road 8
Colwick Industrial Estate
Nottingham
NG4 2JX

These financial statements were authorised for issue by the Board on 1 May 2025.

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.

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.

Create Better Distribution Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

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 | 15% reducing balance
Motor vehicles | 25% reducing balance
Fixtures and fittings | 15% reducing balance
Computer equipment | 15% reducing balance
Leasehold improvements | 15% reducing balance

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

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
Intellectual property | 10 years
Brands | 10 years

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.

Create Better Distribution Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

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.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

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.

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.

Create Better Distribution Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 66 (2023 - 70).

The aggregate payroll costs (including directors' remuneration) were as follows:

| 2024 £ | 2023 £
Wages and salaries | 1,744,209 | 1,785,217
Social security costs | 167,104 | 169,759
Pension costs, defined contribution scheme | 80,681 | 59,204
Redundancy costs | - | 21,286
Other employee expense | 1,315 | 2,350
| 1,993,309 | 2,037,816

4 | Auditors' remuneration

| 31 December 2024 £ | 31 December 2023 £
Audit-related assurance services | 10,100 | 8,004

5 | Profit before tax

Arrived at after charging/(crediting)

| 31 December 2024 £ | 31 December 2023 £
Depreciation expense | 124,455 | 89,011
Amortisation expense | 5,401 | 4,438

Create Better Distribution Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

6 | Intangible assets

| Brands £ | Intellectual property £ | Total £
Cost or valuation
At 1 January 2024 | 17,000 | 54,008 | 71,008
At 31 December 2024 | 17,000 | 54,008 | 71,008
Amortisation
At 1 January 2024 | 17,000 | 19,125 | 36,125
Amortisation charge | - | 5,401 | 5,401
At 31 December 2024 | 17,000 | 24,526 | 41,526
Carrying amount
At 31 December 2024 | - | 29,482 | 29,482
At 31 December 2023 | - | 34,883 | 34,883

Create Better Distribution Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

7 | Tangible assets

| Leasehold improvements £ | Furniture, fittings and equipment £ | Plant and machinery £ | Total £
Cost or valuation
At 1 January 2024 | 3,700 | 607,675 | 739,676 | 1,351,051
Additions | - | 22,546 | 9,507 | 32,053
At 31 December 2024 | 3,700 | 630,221 | 749,183 | 1,383,104
Depreciation
At 1 January 2024 | 1,347 | 304,282 | 173,836 | 479,465
Charge for the year | 330 | 44,505 | 79,621 | 124,456
At 31 December 2024 | 1,677 | 348,787 | 253,457 | 603,921
Carrying amount
At 31 December 2024 | 2,023 | 281,434 | 495,726 | 779,183
At 31 December 2023 | 2,353 | 303,393 | 565,840 | 871,586

Create Better Distribution Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

8 | Stocks

| 31 December 2024 £ | 31 December 2023 £
Other inventories | 2,939,422 | 2,470,340

9 | Debtors

Current | Note | 31 December 2024 £ | 31 December 2023 £
Trade debtors |  | 40 | -
Amounts owed by related parties | 11 | 5,344,620 | 4,613,308
Prepayments |  | 116,412 | 87,373
Other debtors |  | 80,363 | 114,353
|  | 5,541,435 | 4,815,034

10 | Creditors

Creditors: amounts falling due within one year

| Note | 31 December 2024 £ | 31 December 2023 £
Due within one year |  |  |
Trade creditors |  | 503,224 | 600,130
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 11 | 8,376,272 | 7,558,248
Taxation and social security |  | 39,817 | 40,193
Accruals and deferred income |  | (206,159) | (206,562)
Other creditors |  | 8,884 | (4,687)
|  | 8,722,038 | 7,987,322

11 | Related party transactions

The Company has taken advantage of the exemption available in Section 33.1A of FRS 102 whereby it has not disclosed transactions with the ultimate parent company or any wholly owned subsidiary undertaking of the group.

Create Better Distribution Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Directors' remuneration

The directors' remuneration for the year was as follows:

| 31 December 2024 £ | 31 December 2023 £
Remuneration | 165,000 | 170,859
Contributions paid to money purchase schemes | 47,821 | 20,694
| 212,821 | 191,553

12 | Parent and ultimate parent undertaking

The company's immediate parent is Create Better Group Limited, incorporated in England and Wales.
The ultimate parent is Dr August Oetker Nahrungsmittel KG, incorporated in Germany.