REGISTERED NUMBER: 05935849 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements

for the Period 1 August 2024 to 31 August 2025

for

Allmanhall Ltd

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Statement of Comprehensive Income

8

Balance Sheet

9

Statement of Changes in Equity

11

Notes to the Financial Statements

12

DIRECTORS:

E H A Hall

O C A Hall

E J Evans

M Meek

D L Gallimore

M T Little

J H Hall

D Wilson

SECRETARY:

O C A Hall

REGISTERED OFFICE:

West Barn

Manor Farm

Bradford Road

Corsham

Wiltshire

SN13 0NY

REGISTERED NUMBER:

05935849 (England and Wales)

The directors present their strategic report for the period 1 August 2024 to 31 August 2025.

REVIEW OF BUSINESS

Turnover in 24/25 increased by £12.4m from £49.1m in 23/24 to £61.5m in 24/25.

The growth is driven by;

-

The full-year effect of new business wins during the second half of 23/24.

-

Steady growth in the core client sector.

-

A greater focus on new market segments.

-

An increased focus on larger prospects.

-

Investment in the sales and marketing function of the company.

There has been continued investment in personnel to retain existing employees and attract additional headcount, with particular focus on sales and marketing. Ensuring growth can be managed more effectively and efficiently. Despite significant investments in headcount and systems, new business growth has driven a 7.7% improvement in EBIT.

The company has continued its drive to build greater transparency within the supply chain so that clients can understand the environmental impact of food choices.

PRINCIPAL RISKS AND UNCERTAINTIES

Macro political/environmental risk:

The cost of food and beverage products is intrinsically linked to global commodity markets. Major events such as the war in Ukraine cause risk through potential upward pricing pressure and limiting product availability. Global warming has increased the likelihood of extreme weather events, negatively impacting production yields, which will also affect both product price and availability. The company mitigates its exposure to these risks by diversifying its supply from different markets and countries of origin.

Legislative and regulatory risk:

Continued uncertainty around future governmental tax policy on business, such as the increase in Employers' NI contributions, represents a risk and opportunity, particularly within cost sector markets. In addition to direct tax increases for clients, these changes can accelerate inflation in product costs. These factors can limit the size of future market opportunity through consolidation, whilst also presenting an opportunity, as Allmanhall's business model is ideally positioned to help cut costs for its clients.

Governmental CO2 reduction pledges have increased the likelihood of future environmental taxes. With food production accounting for over 25% of global greenhouse gas emissions any taxes, such as a carbon emission tax, would likely impact the company. Within its sector, the company is leading the way in actively reducing its emissions and that of its client and supplier base through direct action and education.

KEY PERFORMANCE INDICATORS

The company uses a range of KPIs to monitor its performance.

2025

2024

Turnover

£61,524,025

£49,127,424

GP Margin

12.63%

12.01%

Overheads (as a % of turnover)

7.32%

5.90%

EBIT (as a % of turnover)

5.27%

6.12%

These indicators are considered to demonstrate our competitiveness and level of service in the market.

FUTURE DEVELOPMENTS

The company will continue to focus on its core offering. The directors will continue to research opportunities to grow within existing and new market segments. Investment in technology, particularly emerging AI solutions, is a key focus for the company. The directors are keen to take advantage of the efficiencies that AI automation can bring to the company, while recognising the potential threats and risks associated with it.

ON BEHALF OF THE BOARD:

O C A Hall - Secretary

2 December 2025

The directors present their report with the financial statements of the company for the period 1 August 2024 to 31 August 2025.

DIVIDENDS

The total distribution of dividends for the period ended 31 August 2025 will be £ 1,189,180 .

DIRECTORS

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

E H A Hall

O C A Hall

E J Evans

M Meek

D L Gallimore

M T Little

J H Hall

Other changes in directors holding office are as follows:

D Wilson - appointed 14 February 2025

FINANCIAL INSTRUMENTS

The company's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk.

Credit risk

The company's principal financial assets are bank balances and cash, trade and other receivables. The company's credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the reconcilability of the cash flows.

The credit risk on liquid funds is limited because the counterpart's are banks with high credit-ratings assigned by international credit-rating agencies.

The company has no significant concentrations of credit risk, with exposure spread over a large number of counterpart's and clients

Cash flow risk

The company is exposed to interest rate risk through the impact of rate changes on interest-bearing borrowings. The group's policy is to obtain the most favourable interest rates available for its borrowings.

The company does not use any derivative instruments to reduce its economic exposure to changes in interest rates and has no significant interest bearing assets.

Liquidity risk

The company maintains liquidity to ensure that sufficient funds are available for ongoing operations and future developments. We are mindful of the risks to our working capital from an unexpected downturn in end user demand and we seek to maintain an appropriate level of cash.

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, Sumer Auditco Limited, will be proposed for appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

O C A Hall - Secretary

2 December 2025

Opinion

We have audited the financial statements of Allmanhall Ltd (the 'company') for the period ended 31 August 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 31 August 2025 and of its profit for the period 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 pages three and 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:

Based on our understanding of the Company and industry, we identified that the principal risks of non-compliance with laws and regulations related to health and safety, employment law and company legislation, and we considered the extent to which non-compliance might have a material effect on the financial statements of the Company. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and taxation legislation. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries to increase revenue or reduce expenditure, and management bias in accounting estimates and judgemental areas of the financial statements. Audit procedures

performed by the audit engagement team included:

- Discussions with management, including consideration of known or suspected instances of non-compliance

with laws and regulations and fraud;

- Understanding of management's internal controls designed to prevent and detect irregularities, and fraud;

- Reviewing the Company's legal costs to check for non-compliance with laws and regulations and fraud;

- Review of tax compliance;

- Designing audit procedures to incorporate unpredictability around the nature, timing or extent of our testing;

- Testing transactions entered into outside of the normal course of the Company's business; and

- Identifying and testing journal entries, in particular any journal entries with fraud characteristics.

There are inherent limitations in the audit procedures described above and the further removed non-compliance with

laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through 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.

Martin Longmore (Senior Statutory Auditor)

for and on behalf of Sumer Auditco Limited

Statutory Auditor

Chartered Accountants

Lennox House

3 Pierrepont Street

Bath

Somerset

BA1 1LB

4 December 2025

TURNOVER

5

61,524,025

49,127,424

Cost of sales

53,755,965

43,225,939

GROSS PROFIT

7,768,060

5,901,485

Administrative expenses

4,528,252

2,892,507

OPERATING PROFIT

7

3,239,808

3,008,978

Interest receivable and similar income

5,339

4,995

3,245,147

3,013,973

Interest payable and similar expenses

8

493

21,303

PROFIT BEFORE TAXATION

3,244,654

2,992,670

Tax on profit

9

833,604

751,862

PROFIT FOR THE FINANCIAL PERIOD

2,411,050

2,240,808

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD

2,411,050

2,240,808

FIXED ASSETS

Tangible assets

11

16,026

37,778

CURRENT ASSETS

Debtors

12

6,994,797

6,435,475

Cash at bank

3,415,537

4,288,328

10,410,334

10,723,803

CREDITORS

Amounts falling due within one year

13

7,308,154

8,859,103

NET CURRENT ASSETS

3,102,180

1,864,700

TOTAL ASSETS LESS CURRENT LIABILITIES

3,118,206

1,902,478

PROVISIONS FOR LIABILITIES

15

2,293

8,435

NET ASSETS

3,115,913

1,894,043

CAPITAL AND RESERVES

Called up share capital

16

1,000

1,000

Share premium

17

112,167

112,167

Capital redemption reserve

17

333

333

Retained earnings

17

3,002,413

1,780,543

SHAREHOLDERS' FUNDS

3,115,913

1,894,043

The financial statements were approved by the Board of Directors and authorised for issue on 2 December 2025 and were signed on its behalf by:

E H A Hall - Director

O C A Hall - Director

Called up

Capital

share

Retained

Share

redemption

Total

capital

earnings

premium

reserve

equity

£

£

£

£

£

Balance at 1 August 2023

1,000

1,307,737

112,167

333

1,421,237

Changes in equity

Dividends

-

(1,768,002

)

-

-

(1,768,002

)

Total comprehensive income

-

2,240,808

-

-

2,240,808

Balance at 31 July 2024

1,000

1,780,543

112,167

333

1,894,043

Changes in equity

Dividends

-

(1,189,180

)

-

-

(1,189,180

)

Total comprehensive income

-

2,411,050

-

-

2,411,050

Balance at 31 August 2025

1,000

3,002,413

112,167

333

3,115,913

1.	STATUTORY INFORMATION

Allmanhall Ltd 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.	STATEMENT OF COMPLIANCE

The financial statements of the Company have been prepared in compliance with United Kingdom Accounting Standards, including Financial Reporting Standard 102, "The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland ("FRS 102") and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the periods presented, unless otherwise stated. The company have adopted FRS 102 in these financial statements.

Basis of preparation

These financial statements are prepared on a going concern basis, under the historical cost convention, as modified by certain financial assets and liabilities measured at fair value.

The preparation of financial statements in conformity with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company and group's accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed in note 4.

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;

•

the requirement of paragraph 3.17(d);

•

the requirements of 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 requirement of paragraph 33.7.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes. Turnover includes revenue earned from the provision of food and catering related products, as well as procurement and supply chain management services.

Where the consideration receivable in cash or cash equivalents is deferred, and the arrangement constitutes a financing transaction, the fair value of the consideration is measured as the present value of all future receipts using the inputed rate of interest.

The company recognises revenue when the following performance obligations are satisfied:

- the company has transferred to the buyer the significant risks and rewards of ownership of the goods;

- the company retains neither continuing managerial involvement to the degree associated with ownership nor effective control over the goods sold;

- the amount of revenue can be measured reliably;

- it is probable that the economic benefits associated with the transaction can be measured reliably.

- a corresponding purchase invoice received.

Revenue from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date revenue represents the fair value of the service provided to date based on the stage of completion of the contract activity at the balance sheet date. Where payments are received from a customer in advance of services provided the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets

Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost

includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs and borrowing costs capitalised.

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

Fixtures and fittings - 20% on straight line basis

Computer equipment - 33% on straight line basis

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any changes is accounted for prospectively.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance

sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as

described below:

Non-financial assets

At each balance sheet date non-financial assets not carried at fair value are assessed to determine whether

there is an indication that the asset may be impaired. If there is such an indication the recoverable amount of the asset is compared to the carrying amount of the asset.

The recoverable amount of the asset is the higher of the fair value less costs to sell and value in use. Value is use is defined as the present value of the future cash flows before interest and tax obtainable as a result of the asset's continued use. These cash flows are discounted using a pre-tax discount rate that represents the current market risk-free rate and risks inherent in the asset.

If the recoverable amount of the asset is estimated to be lower than the carrying amount, the carrying amount is reduced to its recoverable amount. An impairment loss is recognised in the profit and loss account, unless the asset has been revalued when the amount is recognised in other comprehensive income to the extent of any previously recognised revaluation. Thereafter any excess is recognised in the profit or loss account.

If an impairment loss is subsequently reversed, the carrying amount of the asset (or asset's cash generating

unit) is increased to the revised estimate of its recoverable amount, but only to the extent that the revised

carrying amount does not exceed the carrying amount that would have been determined (net of depreciation or amortisation) had no impairment loss been recognised in prior periods. A reversal of an impairment loss is

recognised in the profit and loss account.

Financial assets

For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset's carrying amount and the present value of estimated future cash flows, discounted at the financial asset's original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's

carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the balance sheet date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an

event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal.

An impairment loss is reversed on an individual impaired financial asset to the extent that the revised

recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

Taxation

Taxation for the period 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 period 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.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, deposits held at call with banks and other short-term highly liquid investments with original maturities of three months or less.

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary

shares or options are shown in equity as a deduction, net of tax, from the proceeds.

Distributions to equity holders

Dividends and other distributions to the company's shareholders are recognised as a liability in the financial

statements in the period in which the dividends and other distributions are approved by the company's

shareholders. These amounts are recognised in the statement of changes in equity.

Employee benefits

The company provides a range of benefits to employees, including paid holiday arrangements and defined

contribution pension plans.

Short term benefits

Short term benefits, including holiday pay and other similar non-monetary benefits, are recognised as an

expense in the period in which the service is received.

Defined contribution pension plans

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension

plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The obligations are recognised as an expense when they are due. Amounts not paid are shown in other creditors in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Financial instruments

The company has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other receivables, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the assets original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

(ii) Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans and overdrafts and loans from fellow group companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Leased assets

At inception the company assesses agreements that transfer the right to use assets. The assessment considers whether the arrangement is, or contains, a lease based on the substance of the arrangement.

Finance leased assets

Leases of assets that transfer substantially all the risks and rewards incidental to ownership are classified as finance leases.

Finance leases are capitalised at the commencement of the lease as assets at the value of the lease asset or, if lower, the present value of the minimum lease payments calculated using the interest rate implicit in the lease. Where the implicit rate cannot be determined the company's incremental borrowing rate is used. Incremental direct costs, incurred in negotiating and arranging the lease, are included in the cost of the asset.

Assets are depreciated over the shorter of the lease term and the estimated useful life of the asset. Assets are assessed for impairment at each reporting date.

The capital element of lease obligations is recorded as a liability on inception of the arrangement. Lease

payments are apportioned between capital repayment and finance charge, using the effective interest rate

method, to produce a constant rate of charge on the balance of the capital repayments outstanding.

Operating leased assets

Leases that do no transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

Lease incentives

Incentives received to enter into a finance lease reduce the fair value of the asset and are included in the

calculation of the present value of the minimum lease payments.

Incentives received to enter into an operating lease are credited to the profit and loss account, to reduce the

lease expense, on a straight-line basis over the period of the lease.

The company has taken advantage of the exemption in respect of lease incentives and credits such lease

incentives to the profit and loss account over the period to the first review date on which the rent is adjusted to market rates.

4.	CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

The preparation of financial statement in conformity with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company's accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed below.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below:

(i) Impairment of debtors

The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.

5.

TURNOVER

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

An analysis of turnover by class of business is given below:

Period

1.8.24

to

Year Ended

31.8.25

31.7.24

£

£

Food procurement

61,472,183

49,094,721

Consultancy

27,609

9,400

Software rental

24,233

23,303

61,524,025

49,127,424

An analysis of turnover by geographical market is given below:

Period

1.8.24

to

Year Ended

31.8.25

31.7.24

£

£

United Kingdom

61,524,025

49,127,424

61,524,025

49,127,424

6.	EMPLOYEES AND DIRECTORS

Period

1.8.24

to

Year Ended

31.8.25

31.7.24

£

£

Wages and salaries

2,777,157

1,744,666

Social security costs

333,434

186,564

Other pension costs

343,734

146,113

3,454,325

2,077,343

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

Period

1.8.24

to

Year Ended

31.8.25

31.7.24

Directors

8

6

Administration

28

21

Operations

12

15

48

42

Period

1.8.24

to

Year Ended

31.8.25

31.7.24

£

£

Directors' remuneration

737,290

338,105

Directors' pension contributions to money purchase schemes

179,419

111,308

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

Money purchase schemes

5

4

Information regarding the highest paid director is as follows:

Period

1.8.24

to

Year Ended

31.8.25

31.7.24

£

£

Emoluments etc

206,466

166,002

Pension contributions to money purchase schemes

114,567

50,500

7.	OPERATING PROFIT

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

Period

1.8.24

to

Year Ended

31.8.25

31.7.24

£

£

Depreciation - owned assets

22,359

18,810

Profit on disposal of fixed assets

-

(4,693

)

Auditors' remuneration -

auditing of the accounts

72,725

17,995

Auditors remuneration -

other non-audit services

5,746

8,958

Other operating leases

89,528

86,061

8.

INTEREST PAYABLE AND SIMILAR EXPENSES

Period

1.8.24

to

Year Ended

31.8.25

31.7.24

£

£

Bank interest

-

273

Interest on late payment of Corporation Tax

493

-

Loan interest

-

21,030

493

21,303

9.

TAXATION

Analysis of the tax charge

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

Period

1.8.24

to

Year Ended

31.8.25

31.7.24

£

£

Current tax:

UK corporation tax

839,746

751,350

Deferred tax

(6,142

)

512

Tax on profit

833,604

751,862