Granville Food Care Limited

	Page
Company Information	1
Strategic Report	2
Directors' Report	3
Independent Auditor's Report	4—6
Profit and Loss Account	7
Balance Sheet	8
Statement of Changes in Equity	9
Notes to the Financial Statements	10—16

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Strategic Report

For The Year Ended 31 December 2024

Strategic Report

The directors present their strategic report for the year ended 31 December 2024.

Review of the Business

The company's principal activity during the year continued to the provision of cold storage, freezing and added value services for the food industry in Northern Ireland. The key financial and other performance indicators during the year were as follows:

	2024	2023
Turnover	6,385,242	6,326,976
GP %	22.87%	32.52%
NP %	-0.25%	4.10%
PAT %	-0.40%	3.26%
Current Ratio	1:3.09	1:2.54

Turnover has grown compared to the pervious year, although profit margins have seen a slight decline. The directors acknowledge this performance and are actively implementing measures to enhance efficiency and boost overall productivity across the business.

Principal Risks and Uncertainties

There are certain risk factors which could affect the company's future results and cause them to be materially different from expected results. The factors considered should not be regarded as a complete and comprehensive statement of all risks and uncertainties.

Operational risk and market conditions

The company works largely within the food wholesale market and as a result demand is dependent on activity levels in this area. Adverse macroeconomic conditions and a deterioration in the economic environment may lead to customers demand decreasing and therefore affecting turnover.

Credit risk

The company provides credit to customers and as a result there is an associated risk that the customer may not be able to pay outstanding balances. The company has established procedures and credit control policies around managing its receivables and takes action where necessary. All major outstanding and overdue balances together with significant potential exposures are reviewed regularly and concerns are discussed with the directors.

Energy costs

Energy costs represent a major element of the company's cost of sales. There is a risk that significant additional costs may be incurred in the future as a result of increased energy prices however the Directors review energy contracts on an ongoing basis and avail of forward contracts when they deem it appropriate to do so.

Environmental

The Directors recognise the importance of the company's environmental responsibilities. The company monitors its impact on the environment and designs and implements policies to mitigate any adverse impact that might be caused by its activities. These include the safe disposal of waste, recycling and reduction of energy consumption.

Employees

Details of the numbers of employees and related costs can be found in the notes within the financial activities.

On behalf of the board

Mr John Robinson

Director

26/09/2025

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Granville Food Care Limited

Company No. NI010077

Directors' Report For The Year Ended 31 December 2024

Directors' Report

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

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' 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, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', 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 the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
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.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Independent Auditors

The auditors, WHR Accountants Ltd, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

On behalf of the board

Mr John Robinson

Director

26/09/2025

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Independent Auditor's Report

to the Members of

Granville Food Care Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Granville Food Care Limited for the year ended 31 December 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes of Equity and the related notes, 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 (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

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/(loss) 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's 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 directors' 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 entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are 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. The directors are responsible for the other information contained within the annual report. 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 this gives rise to a material misstatement in the financial statements themselves. 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.

Opinions on Other Matters 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 Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

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Independent Auditor's Report (continued)

to the Members of

Granville Food Care Limited

Matters on Which We Are Required to Report by Exception

In the light of the 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 or the Directors' Report.

We have nothing to report in respect of the following matters in relation to which 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 or 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.

Responsibilities of Directors

As explained more fully in the Directors' Responsibilities Statement 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's 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 Company's own assessment of the risk that irregularities may occur either as a result of fraud or error;

-the results of our enquiries of management about their own identification and assessment of the risks of irregularities;

-any matters we identified having obtained and reviewed the Company's documentation of their policies and procedures relating to identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;

detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; and

the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; and

-the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

In addition to the above, our procedures to respond to risks identified included the following:

-reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

-enquiring of management, directors concerning actual and potential litigation and claims;

-performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

-reading minutes of meeting of directors, reviewing internal audit reports and reviewing correspondence with HMRC; and

-in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments;

-assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and

-evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occuring due to fraud rather than error, as fraud involves intentional concealment,forgery,collusion,omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

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Independent Auditor's Report (continued)

to the Members of

Granville Food Care 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 that 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.

James Robinson (Senior Statutory Auditor)

for and on behalf of WHR Accountants Ltd , Statutory Auditor

26/09/2025

WHR Accountants Ltd

Chartered Certified Accountants

56 English Street

Armagh

Co. Armagh

BT61 7LG

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Granville Food Care Limited

Profit and Loss Account

For The Year Ended 31 December 2024

Profit and Loss Account

		2024	2023
	Notes	£	£
TURNOVER	3	6,385,242	6,326,976
Cost of sales		(4,925,204 )	(4,269,679 )

GROSS PROFIT		1,460,038	2,057,297

Administrative expenses		(1,684,781 )	(1,812,931 )
Other operating income		202,172	102,413

OPERATING (LOSS)/PROFIT	5	(22,571 )	346,779
Loss on disposal of fixed assets		(302 )	(77,518 )
Other interest receivable and similar income	10	22,023	7,468
Interest payable and similar charges	11	(14,848 )	(17,012 )

(LOSS)/PROFIT BEFORE TAXATION		(15,698 )	259,717
Tax on (Loss)/profit	12	(9,967 )	(53,142 )

(LOSS)/PROFIT AFTER TAXATION BEING (LOSS)/PROFIT FOR THE FINANCIAL YEAR		(25,665 )	206,575

The notes on pages 10 to 16 form part of these financial statements.

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Granville Food Care Limited

Balance Sheet

As At 31 December 2024

Balance Sheet

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	13		2,647,742		2,641,137

			2,647,742		2,641,137
CURRENT ASSETS
Debtors	14	1,683,197		1,725,617
Cash at bank and in hand		1,130,860		1,403,400

		2,814,057		3,129,017
Creditors: Amounts Falling Due Within One Year	15	(911,436 )		(1,231,894 )

NET CURRENT ASSETS (LIABILITIES)			1,902,621		1,897,123

TOTAL ASSETS LESS CURRENT LIABILITIES			4,550,363		4,538,260

Creditors: Amounts Falling Due After More Than One Year	16		(209,923 )		(172,155 )

NET ASSETS			4,340,440		4,366,105

CAPITAL AND RESERVES
Called up share capital	19		22,500		22,500
Capital redemption reserve			2,500		2,500
Profit and Loss Account			4,315,440		4,341,105

SHAREHOLDERS' FUNDS			4,340,440		4,366,105

On behalf of the board

Mr John Robinson

Director

26/09/2025

The notes on pages 10 to 16 form part of these financial statements.

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Granville Food Care Limited

Statement of Changes in Equity

For The Year Ended 31 December 2024

Statement of Changes in Equity

	Share Capital	Capital Redemption	Profit and Loss Account	Total
	£	£	£	£
As at 1 January 2023	22,500	2,500	4,134,530	4,159,530
Profit for the year and total comprehensive income	-	-	206,575	206,575

As at 31 December 2023 and 1 January 2024	22,500	2,500	4,341,105	4,366,105


Loss for the year and total comprehensive income	-	-	(25,665 )	(25,665)

As at 31 December 2024	22,500	2,500	4,315,440	4,340,440

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Granville Food Care Limited

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

Granville Food Care Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI010077 . The registered office is Unit 4, Granville Industrial Estate, Dungannon, Co. Tyrone, BT70 INJ.

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 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.

2.2. Financial Reporting Standard 102 - Reduced Disclosure Exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows and Section 3 Financial Statement Presentation paragraph 3.17 (d);
the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44, 11.45, 11.47, 11.48 (a) (iii), 11.48 (a) (iv), 11.48 (b) and 11.48 (c);
the requirements of Section 12 Other Financial Instruments Issues paragraphs 12.27, 12.29 (a), 12.29 (b), 12.29A and 12.30.

2.3. Turnover

Turnover is measured at the fair value of the consideration received and services rendered, net of discounts and Value Added Tax.

When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extrent that it is probable the expenses recognised will be recovered.

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	10% straight line
Plant & Machinery	10% reducing balance / 3-10 years straight line
Motor Vehicles	25% straight line
Fixtures & Fittings	15% reducing balance / 3-7 years straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

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. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

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Granville Food Care Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.7. Financial Instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit of loss.

All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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

2.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

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Granville Food Care Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.10. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Turnover

Analysis of turnover by class of business is as follows:

	2024	2023
	£	£
Rendering of services	6,385,242	6,326,976

Analysis of turnover by geographical market is as follows:

	2024	2023
	£	£
United Kingdom	6,266,760	6,039,984
Europe	118,482	286,992

	6,385,242	6,326,976

4. Other Operating Income

	2024	2023
	£	£
Grant income	2,172	2,413
Other operating income	200,000	100,000

	202,172	102,413

5. Operating (Loss)/profit

The operating (loss)/profit is stated after charging:

	2024	2023
	£	£
Depreciation of tangible fixed assets	503,161	508,679

6. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2024	2023
	£	£
Audit Services
Audit of the company's financial statements	5,963	5,610

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Granville Food Care Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2024	2023
	£	£
Wages and salaries	2,522,597	2,239,333
Social security costs	269,143	236,459
Other pension costs	60,792	207,992

	2,852,532	2,683,784

8. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2024	2023
Office and administration	15	16
Production	60	55

	75	71

9. Directors' remuneration

	2024	2023
	£	£
Emoluments	300,000	300,000
Company contributions to money purchase pension schemes	-	150,000

	300,000	450,000

	2024	2023
	£	£
Emoluments	100,000	-

10. Interest Receivable and Similar Income

	2024	2023
	£	£
Bank interest receivable	22,023	7,468

11. Interest Payable and Similar Charges

	2024	2023
	£	£
Finance charges payable under finance leases and hire purchase contracts	13,564	11,671
Other finance charges	1,284	5,341

	14,848	17,012

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Granville Food Care Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

12. Tax on Profit

	Tax Rate		2024	2023
The tax charge on the (loss)/profit for the year was as follows:
	2024	2023	£	£
Current tax
UK Corporation Tax	24.6%	23.5%	9,967	53,142


Total tax charge for the period			9,967	53,142


The actual charge for the year can be reconciled to the expected (credit)/charge for the year based on the (loss)/profit and the standard rate of corporation tax as follows:
			2024	2023
			£	£
Profit before tax			(15,698)	259,717

Tax on profit at 24.6% (UK standard rate)			(3,869 )	61,085
Goodwill/depreciation not allowed for tax			124,081	137,875
Expenses not deductible for tax purposes			25	1,093
Tax losses utilised			-	(22,283 )
Capital allowances			(110,270 )	(124,628 )

Total tax charge for the period			9,967	53,142

13. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 January 2024	401,569	9,780,714	156,510	635,669	10,974,462
Additions	125,371	364,502	-	20,195	510,068
Disposals	-	(84,140 )	-	(25,810 )	(109,950 )

As at 31 December 2024	526,940	10,061,076	156,510	630,054	11,374,580

Depreciation
As at 1 January 2024	176,825	7,557,723	111,410	487,367	8,333,325
Provided during the period	42,845	411,384	11,515	37,417	503,161
Disposals	-	(84,140 )	-	(25,508 )	(109,648 )

As at 31 December 2024	219,670	7,884,967	122,925	499,276	8,726,838

Net Book Value
As at 31 December 2024	307,270	2,176,109	33,585	130,778	2,647,742

As at 1 January 2024	224,744	2,222,991	45,100	148,302	2,641,137

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Granville Food Care Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

14. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	1,270,161	1,296,953
Prepayments and accrued income	408,243	345,132
Other debtors	2,120	20,859
Amounts owed by group undertakings	2,673	62,673

	1,683,197	1,725,617

15. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	122,708	94,555
Trade creditors	185,053	112,568
Corporation tax	9,967	53,142
Other taxes and social security	72,151	92,853
VAT	138,097	208,369
Other creditors	11,156	372,596
Accruals and deferred income	372,304	297,811

	911,436	1,231,894

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

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	209,923	172,155

17. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	122,708	94,555
Later than one year and not later than five years	209,923	172,155

	332,631	266,710

	332,631	266,710

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Granville Food Care Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

18. Capital Grants

	2024	2023
	£	£
Balance at 1 January 2024	21,721	24,134
Increase / (Decrease) in the year	(2,172)	(2,413)

Balance at 31 December 2024	19,549	21,721

The amounts recognised in the financial statements for government grants are as follows:

	2024	2023
	£	£
Recognised in Creditors:
Deferred government grants due within one year	19,549	21,721

Recognised in other operating income:
Government grants recognised directly in income	2,172	2,413

19. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	22,500	22,500

20. Controlling Parties

Moyallen Holdings Limited, a company incorporated in Northern Ireland, is the ultimate parent company. Copies of the financial statements of Moyallen Holdings Limited are available from Companies House.

Page 16

Directors	Mr Peter Robinson
	Mrs Jayne Robinson
	Mr John Robinson
	Mrs Elizabeth Robinson

Secretary	Mr Paul Hearn

Company Number	NI010077

Registered Office	Unit 4
	Granville Industrial Estate
	Dungannon
	Co. Tyrone
	BT70 INJ

Auditors	WHR Accountants Ltd
	Chartered Certified Accountants
	56 English Street
	Armagh
	Co. Armagh
	BT61 7LG

Bankers	Ulster Bank
	14-16 Market Street
	Lurgan
	Co. Armagh
	BT66 6AP

Solicitors	Hewitt & Gilpin Solicitors Limited
	73 Holywood Road
	Belfast
	BT4 3BA