Ingram Brothers Ltd

	Page
Strategic Report	1
Directors' Report	2—3
Independent Auditor's Report	4—7
Profit and Loss Account	8
Statement of Comprehensive Income	9
Balance Sheet	10
Statement of Changes in Equity	11
Cash Flow Statement	12
Notes to the Cash Flow Statement	13
Notes to the Financial Statements	14—19

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

Principal Activity

The company's principal activity continues to be that of the manufacture of sugar confectionery.

Directors

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

Mark Young

Simon Young

Emily Young

Tara Young

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.

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Ingram Brothers Ltd

Directors' Report (continued)

For The Year Ended 31 December 2024

Independent Auditors

The auditors, Morris and Young, Statutory Auditor, Chartered Accountants, 6 Atholl Crescent, PERTH PH1 5JN, 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

Simon Young

Director

29th September 2025

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Page 4

Independent Auditor's Report

to the Members of

Ingram Brothers Ltd

Independent Auditor's Report

Opinion

We have audited the financial statements of Ingram Brothers Ltd for the year ended 31 December 2024 which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity, Cash Flow Statement 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 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 directors are responsible for the other information contained within the annual report. 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 this gives rise to 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.

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

Ingram Brothers Ltd

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 2—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.

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Independent Auditor's Report (continued)

to the Members of

Ingram Brothers Ltd

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:

We identify and assess the risks of material misstatement of the Financial statements, whether due to fraud or error, and

then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks related to irregularities

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

• the nature of the industry, control environment and understanding of the entity including, but not restricted to, the prevalence of fraud in the sector especially in the current uncertain economic environment;

• results of our enquiries of directors 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;

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

• 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.

As a result of these procedures, we considered the opportunities that may exist within the organisation for fraud and identified the greatest potential for fraud in relation to revenue recognition and overstatement of expenditure. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory frameworks that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the Companies Act 2006 and UK tax legislation.

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 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;

• tested a sample of income for understatement and other relevant audit procedures while consideration was given to revenue recognition;

• tested a sample of expenditure for overstatement and other relevant audit procedures;

• 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.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or noncompliance with laws and regulations throughout the audit.

Due to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing fraud or non-compliance with laws and regulations and cannot be expected to detect all fraud and non-compliance with laws and regulations.

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.

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.

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Independent Auditor's Report (continued)

to the Members of

Ingram Brothers Ltd

Alexander J Fyfe M.A.A.T., C.A., DChA, (Senior Statutory Auditor)

for and on behalf of Morris and Young, Statutory Auditor, Chartered Accountants, 6 Atholl Crescent, PERTH PH1 5JN , Statutory Auditor

29th September 2025

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Ingram Brothers Ltd

Profit and Loss Account

For The Year Ended 31 December 2024

Profit and Loss Account

		2024	2023
	Notes	£	£
TURNOVER		12,357,292	11,975,789
Cost of sales		(7,036,837 )	(7,616,144 )

GROSS PROFIT		5,320,455	4,359,645

Distribution costs		(1,236,177 )	(1,151,489 )
Administrative expenses		(2,756,559 )	(2,310,409 )
Other operating income		159,288	11,468

OPERATING PROFIT	4	1,487,007	909,215
Profit on disposal of fixed assets		10,000	4,917
Interest payable and similar charges	9	(10,121 )	(9,538 )

PROFIT BEFORE TAXATION		1,486,886	904,594
Tax on Profit	10	(259,511 )	(325,897 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		1,227,375	578,697

The notes on pages 13 to 19 form part of these financial statements.

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Ingram Brothers Ltd

Statement of Comprehensive Income

For The Year Ended 31 December 2024

Statement of Comprehensive Income

	2024	2023
	£	£
PROFIT FOR THE FINANCIAL YEAR	1,227,375	578,697
OTHER COMPREHENSIVE INCOME FOR THE YEAR	-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR	1,227,375	578,697

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Ingram Brothers Ltd

Balance Sheet

As At 31 December 2024

Balance Sheet

Registered number: SC013147

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	11		4,929,927		4,306,735

			4,929,927		4,306,735
CURRENT ASSETS
Stocks	12	1,665,082		1,405,343
Debtors	13	1,809,733		1,714,619
Cash at bank and in hand		3,340,691		2,869,442

		6,815,506		5,989,404
Creditors: Amounts Falling Due Within One Year	14	(3,882,698 )		(2,816,053 )

NET CURRENT ASSETS (LIABILITIES)			2,932,808		3,173,351

TOTAL ASSETS LESS CURRENT LIABILITIES			7,862,735		7,480,086

PROVISIONS FOR LIABILITIES
Deferred Taxation	15		(305,074 )		(334,000 )

NET ASSETS			7,557,661		7,146,086

CAPITAL AND RESERVES
Called up share capital	17		75,750		75,750
Capital redemption reserve			4,810		4,810
Other reserves			11,509		11,509
Profit and Loss Account			7,465,592		7,054,017

SHAREHOLDERS' FUNDS			7,557,661		7,146,086

On behalf of the board

Simon Young

Director

29th September 2025

The notes on pages 13 to 19 form part of these financial statements.

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Ingram Brothers Ltd

Statement of Changes in Equity

For The Year Ended 31 December 2024

Statement of Changes in Equity

	Share Capital	Capital Redemption	Other reserves	Profit and Loss Account	Total
	£	£	£	£	£
As at 1 January 2023	75,750	4,810	11,509	6,924,420	7,016,489
Profit for the year and total comprehensive income	-	-	-	578,697	578,697

Dividends paid	-	-	-	(449,100)	(449,100)

As at 31 December 2023 and 1 January 2024	75,750	4,810	11,509	7,054,017	7,146,086


Profit for the year and total comprehensive income	-	-	-	1,227,375	1,227,375

Dividends paid	-	-	-	(815,800)	(815,800)

As at 31 December 2024	75,750	4,810	11,509	7,465,592	7,557,661

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Ingram Brothers Ltd

Cash Flow Statement

For The Year Ended 31 December 2024

Cash Flow Statement

		2024	2023
	Notes	£	£
Cash flows from operating activities
Net cash generated from operations	1	1,851,019	1,762,996
Interest paid		(10,121 )	(9,538 )
Tax paid		(189,832 )	(134,988 )

Net cash generated from operating activities		1,651,066	1,618,470

Cash flows from investing activities
Purchase of tangible assets		(941,909 )	(595,029 )
Proceeds from disposal of tangible assets		10,000	21,500

Net cash used in investing activities		(931,909 )	(573,529 )

Cash flows from financing activities
Equity dividends paid		(815,800 )	(449,100 )
Amount introduced by directors		567,892	244,735

Net cash used in financing activities		(247,908 )	(204,365 )



Increase in cash and cash equivalents		471,249	840,576
Cash and cash equivalents at beginning of year	2	2,869,442	2,028,866

Cash and cash equivalents at end of year	2	3,340,691	2,869,442

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Ingram Brothers Ltd

Notes to the Cash Flow Statement

For The Year Ended 31 December 2024

Notes to the Cash Flow Statement

1. Reconciliation of profit for the financial year to cash generated from operations

	2024	2023
	£	£
Profit for the financial year	1,227,375	578,697
Adjustments for:
Tax on profit	259,511	325,897
Interest expense	10,121	9,538
Depreciation of tangible assets	318,717	331,584
Profit on disposal of tangible assets	(10,000)	(4,917)
Movements in working capital:
(Increase)/decrease in stocks	(259,739 )	963,753
Increase in trade and other debtors	(95,114 )	(79,093 )
Increase/(decrease) in trade and other creditors	400,148	(362,463 )

Net cash generated from operations	1,851,019	1,762,996

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2024	2023
	£	£
Cash at bank and in hand	3,340,691	2,869,442

3. Analysis of changes in net funds

	As at 1 January 2024	Cash flows	As at 31 December 2024
	£	£	£
Cash at bank and in hand	2,869,442	471,249	3,340,691

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Ingram Brothers Ltd

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

Ingram Brothers Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC013147 . The registered office is 15 East Lane, Paisley, Renfrewshire, PA1 1QA.

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. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is

2.3. 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:

Freehold	1% 0n Cost
Plant & Machinery	7 - 40 years
Motor Vehicles	25% on Cost
Fixtures & Fittings	5% on Cost

2.4. 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 is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.

2.5. 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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Ingram Brothers Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. 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.

3. Other Operating Income

	2024	2023
	£	£
Other operating income	159,288	11,468

	159,288	11,468

4. Operating Profit

The operating profit is stated after charging:

	2024	2023
	£	£
Depreciation of tangible fixed assets	318,717	331,584

5. Auditor's Remuneration

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

6. Staff Costs

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

	2024	2023
	£	£
Wages and salaries	2,166,522	1,856,092
Social security costs	17,103	8,643
Other pension costs	116,000	36,000

	2,299,625	1,900,735

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Ingram Brothers Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Average Number of Employees

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

	2024	2023
Office and administration	53	46

	53	46

8. Directors' remuneration

	2024	2023
	£	£
Emoluments	160,322	80,820
Company contributions to money purchase pension schemes	116,000	36,000

	276,322	116,820

Information regarding the highest paid director was as follows

	2024	2023
	£	£
Emoluments	43,513	-

9. Interest Payable and Similar Charges

	2024	2023
	£	£
Factoring charges	10,121	9,538

10. Tax on Profit

	Tax Rate		2024	2023
The tax charge on the profit for the year was as follows:
	2024	2023	£	£
Current tax
UK Corporation Tax	25.0%	25.0%	288,437	194,616
Deferred Tax
Deferred taxation			(28,926 )	131,281


Total tax charge for the period			259,511	325,897


The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
			2024	2023
			£	£
Profit before tax			1,486,886	904,594

Tax on profit at 25% (UK standard rate)			371,721	212,765
Goodwill/depreciation not allowed for tax			77,180	76,834
Expenses not deductible for tax purposes			23,961	23,087
Capital allowances			(179,641 )	(118,070 )

...CONTINUED

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Ingram Brothers Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Short term timing differences	(28,926 )	131,281
Research and Development tax credit	(5,560 )	-
Difference in tax rates	776	-

Total tax charge for the period	259,511	325,897

11. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 January 2024	3,342,745	3,147,396	259,866	984,199	7,734,206
Additions	744,556	123,403	42,501	31,449	941,909
Disposals	-	-	(25,916 )	-	(25,916 )

As at 31 December 2024	4,087,301	3,270,799	276,451	1,015,648	8,650,199

Depreciation
As at 1 January 2024	420,308	2,120,997	85,934	800,232	3,427,471
Provided during the period	40,873	147,957	62,029	67,858	318,717
Disposals	-	-	(25,916 )	-	(25,916 )

As at 31 December 2024	461,181	2,268,954	122,047	868,090	3,720,272

Net Book Value
As at 31 December 2024	3,626,120	1,001,845	154,404	147,558	4,929,927

As at 1 January 2024	2,922,437	1,026,399	173,932	183,967	4,306,735

12. Stocks

	2024	2023
	£	£
Stock	1,665,082	1,405,343

13. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	1,544,226	1,503,076
Other debtors	265,507	211,543

	1,809,733	1,714,619

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Ingram Brothers Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

14. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	595,288	448,559
Other creditors	1,969,494	1,401,602
Corporation tax	293,221	194,616
Taxation and social security	30,205	29,205
Accruals and deferred income	994,490	742,071

	3,882,698	2,816,053

15. Deferred Taxation

The provision for deferred tax is made up as follows:

	2024	2023
	£	£
Other timing differences	305,074	334,000

16. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 January 2024	334,000	334,000
Utilised	(28,926 )	(28,926)

Balance at 31 December 2024	305,074	305,074

17. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
75,750 Ordinary Shares of £ 1.000 each	75,750	75,750

18. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

During the year the charge to the profit and loss account in respect of defined contribution schemes was £116,000 (2024:£36,000).

At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.

19. Dividends

	2024	2023
	£	£
On equity shares:
Final dividend paid	815,800	449,100

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Ingram Brothers Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

20. Related Party Disclosures

Simon and Emily Young

Directors

During the year the company entered into the following related party transactions:

The company paid £54,000 to G.I. Young & Company Ltd (SC014102) in respect of consultancy fees. A further £80,000 was provided against future costs. Simon and Emily Young are directors of G.I. Young & Company Ltd.

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