REGISTERED NUMBER: 08217519 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements

for the Period 31 March 2024 to 29 March 2025

for

Heygates Country Feeds Limited

Page

Company Information

1

Strategic Report

2

to

3

Report of the Directors

4

to

5

Report of the Independent Auditors

6

to

9

Income Statement

10

Other Comprehensive Income

11

Balance Sheet

12

Statement of Changes in Equity

13

Notes to the Financial Statements

14

to

22

DIRECTORS:

A R Heygate

P M Heygate

N A Heygate

SECRETARY:

S K Y Chia

REGISTERED OFFICE:

Bugbrooke Mills

Bugbrooke

Northampton

NN7 3QH

REGISTERED NUMBER:

08217519 (England and Wales)

AUDITORS:

Clifford Roberts

Chartered Accountants &

Statutory Auditors

Pacioli House

9 Brookfield

Duncan Close

Northampton

Northamptonshire

NN3 6WL

BANKERS:

HSBC UK Bank plc

Large Corporates

6th Floor

120 Edmund Street

Birmingham

B3 2QZ

The directors present their strategic report for the period 31 March 2024 to 29 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the period under review was that of provender milling situated in Bugbrooke.

REVIEW OF BUSINESS

The UK animal feed industry is a highly competitive market and the continued economic situation remains challenging for UK farmers and consumers. In the current year, the decrease in the price of raw materials was reflected in the reduction of the sales price, which has led to an increase in demand for animal feed. The combination of increased demand and a reduction in sales price has resulted in a small increase in turnover. The decrease in the raw material cost has increased gross profit for the year, despite increases in other production costs, most significantly energy costs. With an increase in the distribution costs due to higher volumes, profit after tax is comparable year on year.

PRINCIPAL RISKS AND UNCERTAINTIES

The company does not have significant exposure to foreign currency, cash flow or interest rate risks due to the nature of its trade. Exposure to market, credit and liquidity risks arise in the normal course of Heygates Country Feeds Limited's business. These risks are limited by the company's financial management policies described below.

Market risk

The principal risk that the company faces is the variability in demand from the livestock farming sector, and the ability of customers to substitute cheaper alternative feed products for their animals. Sales volumes increased in the period as the cost of raw materials came down, reducing the attractiveness of alternative products.

Credit risk

Credit risk is the risk that one party to a financial instrument will cause a financial loss for Heygates Country Feeds Limited by failing to discharge an obligation. Predominantly any risks will arise from trade debtors going bad. The company reduces the risk through operating sales ledger risk management policies including credit insurance and regular credit control review.

Liquidity risk

The directors have ultimate responsibility for liquidity risk management in maintaining adequate reserves, banking and borrowing facilities. These are managed on a group wide basis in order to benefit from economies of scale.

KEY PERFORMANCE INDICATORS

Analysis of developments and performance

The directors are satisfied with the performance of the company during the period and its position as at 29th March, 2025, especially given the economic conditions.

The key performance indicators (KPI's) used in monitoring the company's performance are:

1. Organic sales growth - year on year percentage change in sales revenue, excluding the impact of acquisitions and disposals, if any.

2. Gross return on sales - gross profit as a percentage of sales revenue.

3. Net return on sales - profit/(loss) on ordinary activities before taxation and before non-recurring items and income from other fixed asset investments, as a percentage of sales revenue.

4. Return on net assets - profit/(loss) on ordinary activities before taxation and before non-recurring items and income from other fixed asset investments, as a percentage of net assets.

5. Free cash flow - comprises the net cash flows from operating activities, less cash outflows due to capital expenditure.

Key Performance Indicators (KPI's)

2025

2024

Organic sales (decline)/growth

0.79%

(13.39%)

Gross return on sales

20.11%

18.01%

Net return on sales

3.93%

3.80%

Return on net assets

25.12%

29.67%

Free cash flow

£2,440k

(£3,889k)

ON BEHALF OF THE BOARD:

P M Heygate - Director

16 December 2025

The directors present their report with the financial statements of the company for the period 31 March 2024 to 29 March 2025.

DIVIDENDS

There was a profit on ordinary activities after taxation for the period amounting to £1,099,522 (2024: £1,053,987). No dividends were recommended or paid during the period (2024 : £Nil).

FUTURE DEVELOPMENTS

The company continues to modernise and refurbish its feed mill, investing in the latest efficient plant and machinery to maintain the excellent quality of its market leading products.

DIRECTORS

The directors shown below have held office during the whole of the period from 31 March 2024 to the date of this report.

A R Heygate

P M Heygate

N A Heygate

DISCLOSURE IN THE STRATEGIC REPORT

Principal activity, financial risk management objectives and policies and the exposure to market, credit and liquidity risks are set out in the strategic report (as defined by section 414 C (11) of the Companies Act 2006).

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 ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Clifford Roberts, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

P M Heygate - Director

16 December 2025

Opinion

We have audited the financial statements of Heygates Country Feeds Limited (the 'company') for the period ended 29 March 2025 which comprise the Income Statement, Other 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 29 March 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 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.

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

-

We obtained an understanding of the legal and regulatory framework applicable to the company and the sector in which they operate. We determined that the following laws and regulations were most significant: the Companies Act 2006, UK Generally Accepted Accounting Practice and UK corporate taxation laws.

-

We obtained an understanding of how the company is complying with those legal and regulatory frameworks by making inquiries to the management and by observing the oversight of management, the culture of honesty and ethical behaviour and whether strong emphasis is placed on fraud prevention, which may reduce the opportunities for fraud to take place, and fraud deterrence, which could persuade individuals not to commit fraud in the first instance. We corroborated our inquiries through our review of all relevant available audit information.

-

We assessed and understood the susceptibility of the company's financial statements to material misstatement, including how fraud might occur. Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. The audit procedures performed by the engagement team included:

>

identifying and assessing the design and effectiveness of controls management has in place to prevent and detect fraud;

>

understanding of how senior management considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process;

>

challenging assumptions and judgements made by management in its significant accounting estimates;

>

performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias; and,

>

assessing the extent of compliance with relevant laws and regulations.

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.

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.

Robert Dearing BEng FCA (Senior Statutory Auditor)

for and on behalf of Clifford Roberts

Chartered Accountants &

Statutory Auditors

Pacioli House

9 Brookfield

Duncan Close

Northampton

Northamptonshire

NN3 6WL

16 December 2025

TURNOVER

37,434,642

37,142,525

Cost of sales

29,903,924

30,454,896

GROSS PROFIT

7,530,718

6,687,629

Distribution costs

3,438,187

2,918,871

Administrative expenses

2,620,484

2,364,343

6,058,671

5,283,214

OPERATING PROFIT

4

1,472,047

1,404,415

Interest receivable and similar income

-

7,977

PROFIT BEFORE TAXATION

1,472,047

1,412,392

Tax on profit

5

372,270

358,405

PROFIT FOR THE FINANCIAL PERIOD

1,099,777

1,053,987

PROFIT FOR THE PERIOD

1,099,777

1,053,987

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD

1,099,777

1,053,987

FIXED ASSETS

Intangible assets

6

-

-

Tangible assets

7

791,831

878,458

791,831

878,458

CURRENT ASSETS

Stocks

8

1,265,472

1,191,703

Debtors

9

4,894,374

5,108,645

Cash at bank

2,361,939

-

8,521,785

6,300,348

CREDITORS

Amounts falling due within one year

10

3,337,593

2,295,673

NET CURRENT ASSETS

5,184,192

4,004,675

TOTAL ASSETS LESS CURRENT LIABILITIES

5,976,023

4,883,133

PROVISIONS FOR LIABILITIES

14

115,155

122,042

NET ASSETS

5,860,868

4,761,091

CAPITAL AND RESERVES

Called up share capital

15

2,000,000

2,000,000

Retained earnings

16

3,860,868

2,761,091

SHAREHOLDERS' FUNDS

5,860,868

4,761,091

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:

P M Heygate - Director

A R Heygate - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 2 April 2023

2,000,000

1,707,104

3,707,104

Changes in equity

Total comprehensive income

-

1,053,987

1,053,987

Balance at 30 March 2024

2,000,000

2,761,091

4,761,091

Changes in equity

Total comprehensive income

-

1,099,777

1,099,777

Balance at 29 March 2025

2,000,000

3,860,868

5,860,868

1.	PRINCIPAL PLACE OF BUSINESS

Heygates Country Feeds Limited is a private company, limited by shares, incorporated and domiciled in England and has its registered office and principal place of business at Bugbrooke Mills, Bugbrooke, Northampton, NN7 3QH. The company's registered number can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 - "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and with the Companies Act 2006. The financial statements have been prepared on the historical cost basis.

The financial statements are presented in Sterling (£) and cover the period to the Saturday that falls closest to the 31st March each year. This results in the comparatives being not entirely comparable.

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 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 requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A.

Details of the parent company in which full disclosure can be found are contained in the 'Ultimate Controlling Party' note.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis.

The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below.

(a) Determining net realisable values of stocks

In determining the net realisable value of stocks, management takes into account the most reliable evidence available at the dates the estimates are made.

(b) Trade debtors

The directors carefully consider the recoverability of trade debtors based on their experience of the customers' payment history and the likelihood of recovery.

Turnover

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

Turnover is revenue earned from the sale of goods and is recognised on evidence of delivery to the customer. The turnover and pre-tax result is wholly attributable to provender milling sales within the UK market.

Intangible fixed assets and amortisation

Purchased goodwill is initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Goodwill is amortised over its expected useful economic life of 5 years on a straight line basis.

Tangible fixed assets

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.

Freehold property

-

2.5% - 3% per annum

Plant and machinery

-

10% on cost

Freehold land is not depreciated.

Items costing £5,000 or less, and not forming part of a wider project costing more than £5,000, are written off to the income statement as repairs and renewals.

Stocks

Stocks are stated at the lower of cost and net realisable value. Raw materials are valued at cost price, calculated on a first in first out basis. Finished goods are valued at the cost of direct materials. Net realisable value is based on estimated selling price less further costs expected to be incurred to completion and disposal.

Financial instruments

Heygates Country Feeds Limited enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans and balances to and from related parties.

Debt instruments (other than those wholly repayable or receivable in one year), including loans and other accounts receivable and payable, are initially measured at the present value of future cash flows and subsequently at amortised cost using the effective interest rate method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective impairment is found, an impairment loss is recognised in the income statement.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Leasing commitments

Rentals under operating leases are charged on a straight line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight line basis over the lease term.

Pension and post employment benefits

In accordance with FRS 102 Section 28 - 'Employee benefits', the operating and financing costs of pension and post-retirement schemes are recognised separately in the profit and loss account. Service costs are systematically spread over the service lives of the employees and financing costs are recognised in the period in which they arise. The costs of past service benefit enhancements, settlements and curtailments are also recognised in the period in which they arise.

The difference between actual and expected returns on assets during the year, including changes in actuarial assumptions, are recognised in the statement of other comprehensive income.

The disclosure required by FRS 102 Section 28 - "Employee benefits" are given in the 'Pension Commitments' note.

3.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

2,783,738

2,659,347

Social security costs

324,226

310,167

Other pension costs

145,252

130,954

3,253,216

3,100,468

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

No.

No.

Office and management

7

8

Milling and production

30

26

Selling and distribution

7

8

44

42

Period

Period

31.3.24

2.4.23

to

to

29.3.25

30.3.24

£

£

Directors' remuneration

309,942

292,058

Directors' pension contributions to money purchase schemes

12,806

7,537

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

Money purchase schemes

1

1

Information regarding the highest paid director is as follows:

Period

Period

31.3.24

2.4.23

to

to

29.3.25

30.3.24

£

£

Emoluments etc

187,987

177,489

Pension contributions to money purchase schemes

12,806

7,537

4.	OPERATING PROFIT

The operating profit is stated after charging:

Period

Period

31.3.24

2.4.23

to

to

29.3.25

30.3.24

£

£

Depreciation - owned assets

193,108

232,871

Auditors' remuneration

28,475

30,938

Operating lease rentals

38,302

30,054

5.

TAXATION

Analysis of the tax charge

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

Period

Period

31.3.24

2.4.23

to

to

29.3.25

30.3.24

£

£

Current tax:

UK corporation tax

379,157

385,149

Under provision of tax

in respect of prior years

-

1,378

Total current tax

379,157

386,527

Deferred tax

(6,887

)

(28,122

)

Tax on profit

372,270

358,405

Reconciliation of total tax charge included in profit and loss

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

Period

Period

31.3.24

2.4.23

to

to

29.3.25

30.3.24

£

£

Profit before tax

1,472,047

1,412,392

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

368,012

353,098

Effects of:

Expenses not deductible for tax purposes

1,388

1,055

Depreciation in excess of capital allowances

9,757

30,996

Adjustments to tax charge in respect of previous periods

-

1,378

Deferred tax charge

(6,887

)

(28,122

)

Total tax charge

372,270

358,405

6.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 31 March 2024

and 29 March 2025

1,216,528

AMORTISATION

At 31 March 2024

and 29 March 2025

1,216,528

NET BOOK VALUE

At 29 March 2025

-

At 30 March 2024

-

Purchased goodwill arose on the acquisition of the operating activity for feed milling from the group company Heygate and Sons Limited on 29th December, 2013.

7.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 31 March 2024

255,211

1,608,673

15

1,863,899

Additions

-

106,481

-

106,481

At 29 March 2025

255,211

1,715,154

15

1,970,380

DEPRECIATION

At 31 March 2024

129,356

856,085

-

985,441

Charge for period

11,483

181,625

-

193,108

At 29 March 2025

140,839

1,037,710

-

1,178,549

NET BOOK VALUE

At 29 March 2025

114,372

677,444

15

791,831

At 30 March 2024

125,855

752,588

15

878,458

8.

STOCKS

2025

2024

£

£

Raw materials

759,241

755,188

Finished goods

506,231

436,515

1,265,472

1,191,703

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

4,123,904

3,936,356

Amounts owed by group undertakings

-

926,252

Amounts owed by related parties

275

275

Other debtors

720,916

186,313

Tax

-

7,668

VAT

34,950

38,981

Prepayments and accrued income

14,329

12,800

4,894,374

5,108,645

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 11)

-

78,507

Trade creditors

1,538,891

1,358,052

Amounts owed to group undertakings

1,083,317

201,068

Tax

379,157

385,149

Other creditors

336,228

272,897

3,337,593

2,295,673