REGISTERED NUMBER: 02572217 (England and Wales)

ARDEN FINE FOODS (UK) LIMITED

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Statement of Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Notes to the Financial Statements

12

DIRECTORS:

R P Bridges

A R Mewis

H S Young

G W Owen

M Usman

L V Longson

REGISTERED OFFICE:

10 Banner Park

Wickmans Drive

Coventry

CV4 9XA

REGISTERED NUMBER:

02572217 (England and Wales)

AUDITORS:

Prime

Chartered Accountants

Statutory Auditor

161 Newhall Street

Birmingham

B3 1SW

The directors present their strategic report for the year ended 30 April 2025.

REVIEW OF BUSINESS

The company imports and distributes snack foods, bakery products and other fast-moving consumer goods (FMCG). Our customers include all the major UK grocery retailers as well as a number of regional wholesalers.

Results and Performance

The company's results for the year, as set out on pages 9 and 10, show a profit after tax of £2,460,277 (2024: £2,780,090).

Turnover increased by £3.7m from 2024 to £42.1m (2024: £38.4m). The increase is predominantly due to two factors: price increases to manage the inflationary cost pressures that businesses face and an increase in volume.

Foreign exchange continues to present challenges, with GBP/EUR volatility placing pressure on profitability.

Despite these external factors, cost control across the company remains robust. Overheads did increase, largely due to inflation and ongoing investment in recruiting and retaining talented people to support future growth.

Maintaining high standards of product safety, legality and quality remains central to our role in the supply chain. We were once again awarded AA certification under the latest issue of the British Retail Consortium (BRC) Agents and Brokers Standard, reflecting the strength of our systems and procedures.

Cash management of the company remained strong.

Key performance indicators

The board monitors the progress of the company by the following Key Performance Indicators:

2025

2024

2023

2022

Turnover

£42.1m

£38.4m

£35.0m

£29.2m

% change in turnover

+9.6%

+10%

+19%

+19%

Gross Profit Margin

22.47%

22.28%

21.4%

22.85%

Profit Margin before taxation

7.77%

9.59%

9.16%

9.87%

Turnover growth remains a priority, both by developing our existing customer base and by targeting new sectors. Our long-term growth target is 3-5% per year.

Gross Profit Margin improved slightly despite rising inbound transport costs and increased promotional spend. Inflationary pressures remain a challenge across the industry.

Operating Profit Margin, the company aims to achieve target of 7%.

PRINCIPAL RISKS AND UNCERTAINTIES

The principal risks and uncertainties are as follows;

1. The absence of long-term contracts with UK grocery retailers, which is common across the sector.

2. Adverse exchange rate movements, which we mitigate where possible through forward contracts.

3. The continued expansion of German discount retailers, which puts pressure on the established grocery market.

4. The wider global and UK economic environment, including ongoing inflationary pressures.

5. A stable UK government that wants to support business growth and investment.

FUTURE DEVELOPMENTS

The Directors remain optimistic about the company's future. We are confident that our suppliers and our team have the commercial, operational and technical expertise to deliver against our objectives and respond effectively to new challenges.

Our employees are at the cornerstone of our success. We are committed to investing in their development, supporting their wellbeing, and ensuring the company remains both a great place to work and an attractive employer for new talent.

Looking ahead, we will continue to invest in our own brands, developing new products and evolving existing ones, while also engaging directly with consumers. Alongside this, we will continue to promote selected key brands from our supplier portfolio. Both areas are seen as vital for long-term growth.

Retailer Private Label will remain a priority in our core categories. We will continue working closely with suppliers to maintain the highest technical and quality standards.

Sustainability is a key focus. Packaging reduction projects are ongoing, with the aim of reducing, replacing or eliminating plastics across our range. We are also committed to cutting food waste through improved supply chain forecasting, working with a broader customer base, and increasing donations to food banks. Our policy is to prevent food waste from going to landfill wherever possible.

ON BEHALF OF THE BOARD:

H S Young - Director

25 November 2025

The directors present their report with the financial statements of the company for the year ended 30 April 2025.

DIVIDENDS

A dividend of £115,175 per share was paid in respect of the year ended 30 April 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 May 2024 to the date of this report.

R P Bridges

A R Mewis

H S Young

Other changes in directors holding office are as follows:

S A Marsden - resigned 28 February 2025

G W Owen , M Usman and L V Longson were appointed as directors after 30 April 2025 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors 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 then 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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors are deemed to be reappointed under section 487(2) of the Companies Act 2006.

ON BEHALF OF THE BOARD:

H S Young - Director

25 November 2025

Opinion

We have audited the financial statements of Arden Fine Foods (UK) Limited (the 'company') for the year ended 30 April 2025 which comprise the 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 Financial Reporting Standard 102 '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 30 April 2025 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 Auditors' 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 company's ability to continue as a going concern for a period of at least twelve 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. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors 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 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 the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

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 Report of the Directors.

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.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page four, 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 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.

Auditors' 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 a Report of the Auditors 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:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the industry sector;

- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation;

- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence;

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

- performed analytical procedures to identify any unusual or unexpected relationships;

- tested journal entries to identify unusual transactions;

- assessed whether judgements and assumptions made in determining accounting estimates were indicative of potential bias; and

- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation;

- enquiring of management as to actual and potential litigation and claims; and

- reviewing correspondence with HMRC and other relevant parties.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

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

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 a Report of the Auditors 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.

Vivian Shadbolt BSc FCA (Senior Statutory Auditor)

for and on behalf of Prime

Chartered Accountants

Statutory Auditor

161 Newhall Street

Birmingham

B3 1SW

27 November 2025

TURNOVER

3

42,099,458

38,387,893

Cost of sales

32,640,131

29,835,716

GROSS PROFIT

9,459,327

8,552,177

Distribution costs

1,641,579

1,588,479

Administrative expenses

4,630,145

3,333,771

6,271,724

4,922,250

3,187,603

3,629,927

Other operating income

9,885

23,986

OPERATING PROFIT

5

3,197,488

3,653,913

Interest receivable and similar income

73,019

28,299

3,270,507

3,682,212

Interest payable and similar expenses

7

900

1,821

PROFIT BEFORE TAXATION

3,269,607

3,680,391

Tax on profit

8

809,330

900,301

PROFIT FOR THE FINANCIAL YEAR

2,460,277

2,780,090

OTHER COMPREHENSIVE INCOME

Share options value movement

(70

)

11,731

Share options exercised

(13,860

)

-

Market value of exercised shares

915,200

-

Income tax relating to components of other comprehensive income

(1,833

)

(2,933

)

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

899,437

8,798

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

3,359,714

2,788,888

FIXED ASSETS

Tangible assets

10

20,876

29,200

CURRENT ASSETS

Stocks

11

1,792,394

1,468,955

Debtors

12

6,352,594

5,875,261

Cash at bank and in hand

3,049,116

2,122,955

11,194,104

9,467,171

CREDITORS

Amounts falling due within one year

13

4,850,930

4,188,535

NET CURRENT ASSETS

6,343,174

5,278,636

TOTAL ASSETS LESS CURRENT LIABILITIES

6,364,050

5,307,836

CAPITAL AND RESERVES

Called up share capital

15

20

20

Other reserves

16

-

15,763

Retained earnings

16

6,364,030

5,292,053

SHAREHOLDERS' FUNDS

6,364,050

5,307,836

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2025 and were signed on its behalf by:

H S Young - Director

Called up

share

Retained

Other

Total

capital

earnings

reserves

equity

£

£

£

£

Balance at 1 May 2023

20

4,433,963

6,965

4,440,948

Changes in equity

Profit for the year

-

2,780,090

-

2,780,090

Other comprehensive income

-

-

8,798

8,798

Total comprehensive income

-

2,780,090

8,798

2,788,888

Dividends

-

(1,922,000

)

-

(1,922,000

)

Balance at 30 April 2024

20

5,292,053

15,763

5,307,836

Changes in equity

Profit for the year

-

2,460,277

-

2,460,277

Release of options exercised

-

915,200

(15,763

)

899,437

Total comprehensive income

-

3,375,477

(15,763

)

3,359,714

Dividends

-

(2,303,500

)

-

(2,303,500

)

Balance at 30 April 2025

20

6,364,030

-

6,364,050

1.	STATUTORY INFORMATION

Arden Fine Foods (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going concern

The company continues to be profitable and well resourced. The directors have a reasonable expectation that the company will continue in operational existence for at least 12 months from the date of approval of the financial statements. Therefore the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemption 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.

Significant judgements and estimates

The preparation of financial statements requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reporting of assets, liabilities, income and expenses. Estimates and underlying assumptions are reviewed on an ongoing basis. Actual results may differ from estimates calculated using these judgements and assumptions. Key sources of estimated uncertainty and critical accounting judgements are as follows:

Valuation of Stock

Stock comprises goods purchased for resale. Provisions are made against slow moving, obsolete and damaged stock for which the net realisable value is estimated to be less than cost. Determining the net realisable value of the wide range of products held in many locations requires estimation to be applied to determine the likely saleability of products and the potential prices that can be achieved. In arriving at any provisions for net realisable value, the Directors take into account the age, condition, quality of the products in stock and recent sales trends. The actual realisable value of stock may differ from the estimated value on which the provision is based. The company held provisions in respect of stock balances at 30 April 2025 amounting to £11k (2024: £11k).

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Warehouse

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

33.33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Derivative financial instruments

Derivative financial instruments are initially measured at fair value on the date in which the contract is entered and are subsequently valued at fair value with any movement being included in the income statement.

Share-based payments

The company's ultimate parent issues equity-settled share options to certain employees within the company. Equity-settled share-based payment transactions are measured at fair value.

Fair value is measured by use of an earnings valuation model which is considered by management to be the most appropriate method of valuation.

The fair value of options in issue but not exercised are contained within other reserves. Where options have been granted but not vested, the directors have estimated how many they believe will ultimately vest and they have adopted this estimation in their value calculation.

Share options issued in the group scheme as consideration for employment services provided are treated as an expense of the company in the period and credited to a capital contribution reserve at their fair value.

3.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

2025

2024

£

£

United Kingdom

42,099,458

38,387,893

42,099,458

38,387,893

4.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

2,292,125

2,092,328

Social security costs

292,198

245,532

Other pension costs

205,723

215,450

2,790,046

2,553,310

The average number of employees during the year was as follows:

2025

2024

Selling and distribution

7

7

Administration

26

22

Directors

4

4

37

33

2025

2024

£

£

Directors' remuneration

709,945

696,476

Directors' pension contributions to money purchase schemes

134,657

150,189

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes

4

4

Information regarding the highest paid director is as follows:

2025

2024

£

£

Emoluments etc

277,139

272,126

Pension contributions to money purchase schemes

6,148

5,912

5.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

£

Depreciation - owned assets

12,781

13,167

Auditors' remuneration

31,950

30,340

Operating lease rentals

147,160

129,734

Foreign exchange (gain)/loss

339,678

162,418

6.	EXCEPTIONAL ITEMS

2025

2024

£

£

Exceptional items

(901,340

)

-

During the year, all the share options were exercised so the company incurred costs relating to the market value of the shares exercised £915,200 less the exercise price £13,860.

7.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Corporation tax interest

900

1,821

8.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

811,163

903,234

Deferred tax:

Share options vested

(1,833

)

(2,933

)

Tax on profit

809,330

900,301

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2025

2024

£

£

Profit before tax

3,269,607

3,680,391

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

817,402

920,098

Effects of:

Expenses not deductible for tax purposes

18,031

8,943

Capital allowances in excess of depreciation

-

(51

)

Depreciation in excess of capital allowances

1,476

-

Group relief

(25,746

)

(25,756

)

Deferred tax on share options

(1,833

)

(2,933

)

Total tax charge

809,330

900,301

Tax effects relating to effects of other comprehensive income

2025

Gross

Tax

Net

£

£

£

Share options value movement

(70

)

-

(70

)

Share options exercised

(13,860

)

(1,833

)

(15,693

)

Market value of exercised shares

915,200

-

915,200

901,270

(1,833

)

899,437

2024

Gross

Tax

Net

£

£

£

Share options value movement

11,731

(2,933

)

8,798

9.

DIVIDENDS

2025

2024

£

£

Ordinary shares of £1 each

Paid in year

2,303,500

1,922,000

10.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

Warehouse

fittings

equipment

Totals

£

£

£

£

COST

At 1 May 2024

41,219

393,210

88,959

523,388

Additions

-

4,457

-

4,457

At 30 April 2025

41,219

397,667

88,959

527,845

DEPRECIATION

At 1 May 2024

34,520

371,975

87,693

494,188

Charge for year

2,173

9,342

1,266

12,781

At 30 April 2025

36,693

381,317

88,959

506,969

NET BOOK VALUE

At 30 April 2025

4,526

16,350

-

20,876

At 30 April 2024

6,699

21,235

1,266

29,200

11.

STOCKS

2025

2024

£

£

Stocks

1,792,394

1,468,955

12.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,892,254

3,579,729

Debt factoring

5,419

5,406

Amounts owed by group undertakings

2,156,779

2,079,879

Other debtors

175,482

93,009

Prepayments

122,660

117,238

6,352,594

5,875,261

Factored debts of £3,892,254 (2024: £3,579,729) are included within trade debtors above at the year end.

13.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

3,145,048

2,602,187

Tax

311,163

458,234

Social security and other taxes

46,987

45,497

Other creditors

3,663

10,300

Accruals

1,344,069

1,072,317

4,850,930

4,188,535