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# PRINOVA EUROPE LIMITED

## Company Registration Number:
04548728 (England and Wales)

## Unaudited statutory accounts for the year ended 31 December 2024

## Period of accounts

## Start date: 1 January 2024

## End date: 31 December 2024

# PRINOVA EUROPE LIMITED

## Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors report |
Profit and loss |
Balance sheet |
Additional notes |
Balance sheet notes |

# PRINOVA EUROPE LIMITED

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Principal activities of the company

The principal activity of the company continued to be that of the provision of ingredient and flavour solutions to the global food, feed and wellness industries

Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

DK Thorp
N Dam

The director shown below has held office during the period of
1 April 2024 to 31 December 2024

B J Kelly

The director shown below has held office during the period of
13 March 2024 to 1 May 2024

T Gill

Secretary B Osobe

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
16 September 2025

And signed on behalf of the board by:
Name: B J Kelly
Status: Director

# PRINOVA EUROPE LIMITED

## Profit And Loss Account

for the Period Ended 31 December 2024

| 2024 | 2023
--- | --- | ---
| £ | £
Turnover: | 329,904 | 364,360
Cost of sales: | ( 302,815 ) | ( 330,361 )
Gross profit(or loss): | 27,089 | 33,999
Distribution costs: | ( 795 ) | ( 295 )
Administrative expenses: | ( 23,260 ) | ( 23,820 )
Other operating income: | 0 | 0
Operating profit(or loss): | 3,034 | 9,884
Interest receivable and similar income: | 3,798 | 120
Interest payable and similar charges: | ( 2,942 ) | ( 4,760 )
Profit(or loss) before tax: | 3,890 | 5,244
Tax: | ( 648 ) | ( 1,309 )
Profit(or loss) for the financial year: | 3,242 | 3,935

# PRINOVA EUROPE LIMITED

## Balance sheet

As at 31 December 2024

| Notes | 2024 | 2023
--- | --- | --- | ---
|  | £ | £
Called up share capital not paid: |  | 0 | 0
Fixed assets
Intangible assets: |  | 0 | 0
Tangible assets: | 3 | 171 | 220
Investments: | 4 | 13,371 | 13,371
Total fixed assets: |  | 13,542 | 13,591
Current assets
Stocks: | 5 | 116,068 | 96,074
Debtors: | 6 | 77,737 | 85,506
Cash at bank and in hand: |  | 11,686 | 12,298
Investments: |  | 0 | 0
Total current assets: |  | 205,491 | 193,878
Prepayments and accrued income: |  | 0 | 0
Creditors: amounts falling due within one year: | 7 | ( 150,175 ) | ( 141,648 )
Net current assets (liabilities): |  | 55,316 | 52,230
Total assets less current liabilities: |  | 68,858 | 65,821
Creditors: amounts falling due after more than one year: |  | 0 | 0
Provision for liabilities: |  | ( 133 ) | ( 338 )
Accruals and deferred income: |  | 0 | 0
Total net assets (liabilities): |  | 68,725 | 65,483
Capital and reserves
Called up share capital: |  | 1 | 1
Share premium account: |  | 814 | 814
Other reserves: |  | (1) | (1 )
Profit and loss account: |  | 67,911 | 64,669
Total Shareholders' funds: |  | 68,725 | 65,483

The notes form part of these financial statements

# PRINOVA EUROPE LIMITED

## Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 16 September 2025
and signed on behalf of the board by:

Name: B J Kelly
Status: Director

The notes form part of these financial statements

# PRINOVA EUROPE LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

  Turnover policy

  Turnover is recognised at the fair value of the consideration received or receivable for sale of goods and services to external customers in the ordinary nature of the business. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. Turnover is shown net of Value Added Tax. Revenue for the sale of goods is recognised only when the risks and rewards have transferred to the customer according to shipping terms. Turnover is recognised in relation to separately identifiable components of a single transaction when necessary to reflect the substance of the arrangement and in relation to two or more linked transactions when necessary to understand the commercial effect.

  Tangible fixed assets depreciation policy

  Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases: Leasehold improvements 10% straight line basis over the life of the lease Fixtures and fittings 33% straight line basis Computer equipment 20% straight line basis The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is credited or charged to profit or loss.

# PRINOVA EUROPE LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

- ## 2. Employees

  | 2024 | 2023
  --- | --- | ---
  Average number of employees during the period | 142 | 129

# PRINOVA EUROPE LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 3. Tangible assets

| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total
--- | --- | --- | --- | --- | --- | ---
Cost | £ | £ | £ | £ | £ | £
At 1 January 2024 | 535 |  |  | 1,036 |  | 1,571
Additions |  |  |  | 104 |  | 104
Disposals |  |  |  |  |  |
Revaluations |  |  |  |  |  |
Transfers |  |  |  |  |  |
At 31 December 2024 | 535 |  |  | 1,140 |  | 1,675
Depreciation |  |  |  |  |  |
At 1 January 2024 | 519 |  |  | 832 |  | 1,351
Charge for year | 14 |  |  | 139 |  | 153
On disposals |  |  |  |  |  |
Other adjustments |  |  |  |  |  |
At 31 December 2024 | 533 |  |  | 971 |  | 1,504
Net book value |  |  |  |  |  |
At 31 December 2024 | 2 |  |  | 169 |  | 171
At 31 December 2023 | 16 |  |  | 204 |  | 220

# PRINOVA EUROPE LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 4. Fixed assets investments note

Investment in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss. A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

# PRINOVA EUROPE LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 5. Stocks

| 2024 | 2023
--- | --- | ---
| £ | £
Stocks | 116,068 | 96,074
Total | 116,068 | 96,074

# PRINOVA EUROPE LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 6. Debtors

| 2024 | 2023
--- | --- | ---
| £ | £
Trade debtors | 26,598 | 34,930
Prepayments and accrued income | 1,025 | 904
Other debtors | 50,114 | 49,672
Total | 77,737 | 85,506

# PRINOVA EUROPE LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 7. Creditors: amounts falling due within one year note

| 2024 | 2023
--- | --- | ---
| £ | £
Bank loans and overdrafts | 85,274 | 89,249
Trade creditors | 54,828 | 39,828
Taxation and social security | 2,295 | 3,551
Accruals and deferred income | 7,147 | 7,013
Other creditors | 631 | 2,007
Total | 150,175 | 141,648

# PRINOVA EUROPE LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 8. Financial Commitments

The company had forward purchase commitments to purchase 44,175 tonnes (2023: 38,373 tonnes throughout 2024) of goods for resale at various dates throughout 2025. The company had forward sales commitments to sell 35,628 tonnes (2023: 38,551 tonnes) throughout 2024 of goods for resale at various dates throughout 2025.