REGISTERED NUMBER: 03867698 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 March 2025

for

Becsco Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Independent Auditors' Report

4

Statement of Comprehensive Income

8

Balance Sheet

9

Statement of Changes in Equity

10

Cash Flow Statement

11

Notes to the Cash Flow Statement

12

Notes to the Financial Statements

13

DIRECTORS:

Mr S Padgett

Mrs C L Padgett

SECRETARIES:

Mr S Padgett

Mrs C L Padgett

REGISTERED OFFICE:

Units 2 - 5 Albion Road

Carlton Industrial Estate

Carlton

Barnsley

South Yorkshire

S71 3HW

REGISTERED NUMBER:

03867698 (England and Wales)

AUDITORS:

Harris & Co Limited

Chartered Accountants & Statutory Auditor

Marland House

13 Huddersfield Road

Barnsley

South Yorkshire

S70 2LW

The directors present their strategic report for the year ended 31 March 2025.

REVIEW OF BUSINESS

The directors aim to present a balanced and comprehensive review of the development and performance of our business during the year and its position at the year-end. Our review is consistent with the size and non-complex nature of our business and is written in the context of the risks and uncertainties we face.

Turnover decreased by £555k (1%) to £54,443k, and the gross profit percentage decreased to 6.0% (2024: 7.9%) which, taken together, resulted in a £1,087k decrease in gross profit to £3,269k (2024: £4,356k). Distribution costs increased by £57k, administrative expenses increased by £179k and interest payable increased by £42k which, taken with the decrease in gross profit, resulted in the company recording a loss before tax of £828k (2024: profit of £563k).

The directors continue to monitor the principal risks of the business, as well as the ongoing external factors that have the potential to impact the business.

The Company's financial projections indicate it has sufficient facilities and funds to operate for at least the next 12 months and its bankers continue to be supportive. Accordingly the directors believe that the company has adequate resources to continue in operational existence for the foreseeable future and so the financial statements are prepared on a going concern basis.

PRINCIPAL RISKS AND UNCERTAINTIES

The company's operations expose it to a variety of financial risks that include the effects of changes in credit risk, liquidity risk and interest rate risk. The company does not use derivative financial instruments to manage interest rate costs and as such, no hedge accounting is applied.

The board of directors is responsible for monitoring financial risks and for deciding where it would be appropriate to use financial instruments to manage this risk.

Credit risk

The company has implemented policies that require appropriate credit checks on potential customers before credit sales are made.

Liquidity risk

The company actively maintains a mixture of long-term and short-term debt to ensure that it has sufficient available funds for its operations.

Interest rate cashflow risk

The company has interest bearing liabilities by way of bank loans and overdrafts, and therefore is exposed to interest rate cashflow risk. The board of directors regularly review the level and mix of debt to manage interest rate risk.

KEY PERFORMANCE INDICATORS

We consider that our key financial performance indicators are those that communicate the financial

performance of the company, these being turnover, operating profit, profits before taxation and EBITDA.

ON BEHALF OF THE BOARD:

Mr S Padgett - Director

16 December 2025

The directors present their report with the financial statements of the Company for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the Company in the year under review was that of the wholesale distribution of soft drinks.

DIVIDENDS

The total distribution of dividends for the year ended 31 March 2025 was £160,000.

DIRECTORS

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

Mr S Padgett

Mrs C L Padgett

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, Harris & Co Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr S Padgett - Director

16 December 2025

Opinion

We have audited the financial statements of Becsco Limited (the 'Company') for the year ended 31 March 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, 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 March 2025 and of its loss for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the 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 Auditors' 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 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.

Except for the matters described in the basis for qualified opinion section of our report, 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.

Arising solely from the limitation on the scope of our work relating to prior year inventory quantities, referred to above:

-

we have not obtained all the information and explanations that we considered necessary for the purpose of our audit; and

-

we were unable to determine whether adequate accounting records have been kept.

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:

-

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.

Responsibilities of directors

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

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.

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

-

Enquiring of management, including obtaining and reviewing supporting documentation, concerning the company's 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 risk related to fraud or non-compliance with laws & regulations;

-

Obtaining an understanding of the legal and regulatory frameworks that the company operates in, focusing on those laws and regulations that had a direct effect on the financial statements or that had a fundamental effect on the operations of the company. The key laws and regulations we considered in this context included the UK Companies Act, tax legislation, data protection act, anti bribery, employment and health & safety regulations.

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 Auditors' Report.

Audit response to risks identified

Our procedures to respond to risks identified included the following:

-

Reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with relevant laws and regulations;

-

Enquiring of management concerning actual and potential litigation and claims;

-

Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risk of material misstatement due to fraud; and

-

In addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing the judgements used in accounting estimates to assess whether these may be indicative of potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

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

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 an Auditors' 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.

Tom Garner CA CTA (Senior Statutory Auditor)

for and on behalf of Harris & Co Limited

Chartered Accountants & Statutory Auditor

Marland House

13 Huddersfield Road

Barnsley

South Yorkshire

S70 2LW

16 December 2025

TURNOVER

54,442,935

54,997,759

Cost of sales

51,173,963

50,642,216

GROSS PROFIT

3,268,972

4,355,543

Distribution costs

768,889

711,818

Administrative expenses

2,875,599

2,697,051

3,644,488

3,408,869

(375,516

)

946,674

Other operating income

4

-

26,525

OPERATING (LOSS)/PROFIT

6

(375,516

)

973,199

Interest payable and similar expenses

7

452,853

410,477

(LOSS)/PROFIT BEFORE TAXATION

(828,369

)

562,722

Tax on (loss)/profit

8

(175,517

)

155,514

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(652,852

)

407,208

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(652,852

)

407,208

FIXED ASSETS

Tangible assets

10

1,261,164

1,109,466

CURRENT ASSETS

Stocks

11

5,404,867

5,753,521

Debtors

12

3,291,655

4,079,139

Cash at bank and in hand

362,744

66,978

9,059,266

9,899,638

CREDITORS

Amounts falling due within one year

13

7,766,393

7,545,464

NET CURRENT ASSETS

1,292,873

2,354,174

TOTAL ASSETS LESS CURRENT LIABILITIES

2,554,037

3,463,640

CREDITORS

Amounts falling due after more than one year

14

(523,096

)

(490,858

)

PROVISIONS FOR LIABILITIES

18

(143,528

)

(272,517

)

NET ASSETS

1,887,413

2,700,265

CAPITAL AND RESERVES

Called up share capital

19

2

2

Retained earnings

20

1,887,411

2,700,263

SHAREHOLDERS' FUNDS

1,887,413

2,700,265

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

Mr S Padgett - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2023

2

2,466,055

2,466,057

Changes in equity

Dividends

-

(173,000

)

(173,000

)

Total comprehensive income

-

407,208

407,208

Balance at 31 March 2024

2

2,700,263

2,700,265

Changes in equity

Dividends

-

(160,000

)

(160,000

)

Total comprehensive income

-

(652,852

)

(652,852

)

Balance at 31 March 2025

2

1,887,411

1,887,413

Cash flows from operating activities

Cash generated from operations

1

1,580,692

865,022

Interest paid

(340,969

)

(309,760

)

Interest element of hire purchase payments paid

(32,858

)

(21,796

)

Finance costs paid

(79,026

)

(78,921

)

Tax repaid/ (paid)

(105,161

)

47,388

Net cash from operating activities

1,022,678

501,933

Cash flows from investing activities

Purchase of tangible fixed assets

(515,552

)

(384,157

)

Sale of tangible fixed assets

23,400

-

Net cash from investing activities

(492,152

)

(384,157

)

Cash flows from financing activities

Loan repayments in year

(10,160

)

(9,908

)

New HP loans in the year

410,809

262,488

HP repayments in the year

(323,909

)

(244,136

)

Amount introduced by directors

-

147,289

Amount withdrawn by directors

(151,500

)

(140,000

)

Equity dividends paid

(160,000

)

(173,000

)

Net cash from financing activities

(234,760

)

(157,267

)

Increase/(decrease) in cash and cash equivalents

295,766

(39,491

)

Cash and cash equivalents at beginning of year

2

66,978

106,469

Cash and cash equivalents at end of year

2

362,744

66,978

1.	RECONCILIATION OF (LOSS)/PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

(Loss)/profit before taxation

(828,369

)

562,722

Depreciation charges

323,933

277,381

Loss on disposal of fixed assets

16,521

-

Finance costs

452,853

410,477

(35,062

)

1,250,580

Decrease/(increase) in stocks

348,654

(1,613,661

)

Decrease/(increase) in trade and other debtors

965,569

(559,629

)

Increase in trade and other creditors

301,531

1,787,732

Cash generated from operations

1,580,692

865,022

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2025

31/3/25

1/4/24

£

£

Cash and cash equivalents

362,744

66,978

Year ended 31 March 2024

31/3/24

1/4/23

£

£

Cash and cash equivalents

66,978

106,469

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1/4/24

Cash flow

At 31/3/25

£

£

£

Net cash

Cash at bank and in hand

66,978

295,766

362,744

66,978

295,766

362,744

Debt

Finance leases

(683,761

)

(86,901

)

(770,662

)

Debts falling due within 1 year

(10,162

)

(256

)

(10,418

)

Debts falling due after 1 year

(13,953

)

10,417

(3,536

)

(707,876

)

(76,740

)

(784,616

)

Total

(640,898

)

219,026

(421,872

)

1.	STATUTORY INFORMATION

Becsco 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 and functional currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared under the historical cost convention and in compliance with FRS 102, 'The Financial Standard Applicable in the UK and the Republic of Ireland' and the Companies Act 2006.

Going concern

The Company's financial projections indicate it has sufficient facilities and funds to operate for at least the next 12 months and its bankers continue to be supportive. Accordingly the directors believe that the company has adequate resources to continue in operational existence for the foreseeable future and so the financial statements are prepared on a going concern basis.

Significant judgements and estimates

The significant judgements and estimates applied in the preparation of these financial statements are the useful lives and residual values of fixed assets, stock provisions and supplier rebates receivable. All accounting policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods and services falling within the company's ordinary activities.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

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

Plant and machinery

-

20% and 33.3% reducing balance basis

Motor vehicles

-

25% reducing balance basis

All fixed assets are initially recorded at cost.

Stocks

Stock is valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost is valued using the weighted average cost method and includes all purchase, transport and handling costs bringing stocks to their present location and condition.

Financial instruments

The company has adopted the provisions set out in sections 11 and 12 of FRS 102 in the recognition and measurement of financial instruments. All financial instruments are initially measured at the original transaction price, less associated costs. For subsequent measurement, basic financial instruments are measured at amortised cost in accordance with section 11 of FRS 102. Other financial instruments that are not considered basic and that are material to the financial statements are measured at fair value through profit or loss in accordance with section 12 of FRS 102.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4.	OTHER OPERATING INCOME

2025

2024

£

£

Other income

-

26,525

In the opinion of the directors, there are no material unfulfilled conditions or other contingencies relating to this income.

5.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

1,283,169

1,222,488

Social security costs

122,252

90,159

Other pension costs

143,182

154,428

1,548,603

1,467,075

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

2025

2024

Warehouse

13

13

Distribution

11

10

Administration

9

8

33

31

2025

2024

£

£

Directors' remuneration

22,821

22,821

Directors' pension contributions to money purchase schemes

126,000

116,000

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

Money purchase schemes

2

2

During the year the company also paid £NIL (2024: £25,000) in management charges for the services of both directors.

6.	OPERATING (LOSS)/PROFIT

The operating loss (2024 - operating profit) is stated after charging:

2025

2024

£

£

Hire of plant and machinery

6,725

18,595

Depreciation - owned assets

103,286

82,828

Depreciation - assets on hire purchase contracts

220,647

194,553

Loss on disposal of fixed assets

16,521

-

Auditors' remuneration

16,000

16,000

7.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Bank interest

340,969

309,760

Hire purchase

32,858

21,796

Invoice financing charges

79,026

78,921

452,853

410,477

8.

TAXATION

Analysis of the tax (credit)/charge

The tax (credit)/charge on the loss for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

(46,528

)

77,716

Deferred tax

(128,989

)

77,798

Tax on (loss)/profit

(175,517

)

155,514

Reconciliation of total tax (credit)/charge included in profit and loss

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

2025

2024

£

£

(Loss)/profit before tax

(828,369

)

562,722

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

(207,092

)

140,681

Effects of:

Expenses not deductible for tax purposes

15,102

83,270

Income not taxable for tax purposes

(128,989

)

-

Capital allowances in excess of depreciation

(27,152

)

(15,471

)

Utilisation of tax losses

-

(52,966

)

Adjustments to tax charge in respect of previous periods

(46,528

)

-

Tax losses generated

219,142

-

Total tax (credit)/charge

(175,517

)

155,514

9.

DIVIDENDS

2025

2024

£

£

Ordinary shares of 1 each

Interim

160,000

173,000