REGISTERED NUMBER: 02215481 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

FOR

TATE BUSINESS GROUP LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R H Beal

Mr M Murphy

Mrs C A Tearle

SECRETARY:

Mr M Murphy

REGISTERED OFFICE:

Unit 21

Ascent Logistics Park North

Fraserfields Way

Leighton Buzzard

Bedfordshire

LU7 3RJ

REGISTERED NUMBER:

02215481 (England and Wales)

ACCOUNTANTS:

Foxley Kingham

Chartered Accountants

260 - 270 Butterfield

Great Marlings

Luton

Bedfordshire

LU2 8DL

FIXED ASSETS

Intangible assets

4

17,998

-

Tangible assets

5

696,400

816,276

714,398

816,276

CURRENT ASSETS

Stocks

367,745

344,301

Debtors

6

1,981,818

2,199,771

Cash at bank and in hand

1,422,895

830,249

3,772,458

3,374,321

CREDITORS

Amounts falling due within one year

7

2,103,105

1,982,387

NET CURRENT ASSETS

1,669,353

1,391,934

TOTAL ASSETS LESS CURRENT LIABILITIES

2,383,751

2,208,210

CREDITORS

Amounts falling due after more than one year

8

(49,131

)

(65,153

)

PROVISIONS FOR LIABILITIES

(50,000

)

(50,000

)

NET ASSETS

2,284,620

2,093,057

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

2,274,620

2,083,057

SHAREHOLDERS' FUNDS

2,284,620

2,093,057

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mr R H Beal - Director

Mr M Murphy - Director

1.	STATUTORY INFORMATION

Tate Business Group 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The directors have assessed the financial health of the company and are confident that, at the date of signing, the company will continue as a going concern for the foreseeable future.

Monetary amounts in these financial statements are rounded to the nearest £.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost, 20% on cost, 10% on cost and Straight line over 10 years

Tangible fixed assets are recognised at cost less depreciation.

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies

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

Lease purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account 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.

Financial instruments

Cash and cash equivalents

Cash and cash equivalents include cash in hand and monies held in the bank accounts.

Debtors

Trade and other debtors are initially recognised at the transaction price and subsequently measured using the amortised cost method which uses the effective interest method. At each balance sheet date, the directors assess trade and other debtors for evidence of indicators of impairment and where the directors conclude that amounts in respect of trade and other debtors are not recoverable, a specific bad debt provision is recognised.

Creditors

Trade and other creditors are initially recognised in the financial statements at transaction price. Trade and other creditors are then subsequently measured at amortised cost using the effective interest method, unless the effects of discounting would be considered immaterial. If the effects of discounting are judged to be immaterial, trade and other creditors are stated at cost. Trade creditors are not interest-bearing.

Share based payment transactions

The company operates an Enterprise Management Incentive (EMI) share option scheme. In accordance with FRS 102 Section 26, equity-settled share-based payments are measured at fair value at the grant date and recognised as an expense over the vesting period.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2024 - 37 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

18,511

At 31 July 2025

18,511

AMORTISATION

Charge for year

513

At 31 July 2025

513

NET BOOK VALUE

At 31 July 2025

17,998

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 August 2024

537,473

107,974

392,145

1,037,592

Additions

3,120

-

-

3,120

Disposals

-

-

(34,025

)

(34,025

)

At 31 July 2025

540,593

107,974

358,120

1,006,687

DEPRECIATION

At 1 August 2024

93,407

38,778

89,131

221,316

Charge for year

56,139

23,057

43,800

122,996

Eliminated on disposal

-

-

(34,025

)

(34,025

)

At 31 July 2025

149,546

61,835

98,906

310,287

NET BOOK VALUE

At 31 July 2025

391,047

46,139

259,214

696,400

At 31 July 2024

444,066

69,196

303,014

816,276

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,895,761

2,109,253

Other debtors

86,057

90,518

1,981,818

2,199,771

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

16,009

14,269

Trade creditors

1,543,319

1,441,430

Corporation tax

113,445

-

Taxation and social security

79,774

150,838

Accrued expenses

350,558

375,850

2,103,105

1,982,387

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

49,131

65,153

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

16,009

14,269

Between one and five years

49,131

65,153

65,140

79,422

Non-cancellable

operating leases

2025

2024

£

£

Within one year

176,264

176,264

Between one and five years

176,264

352,527

352,528

528,791

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase

65,141

79,422

Hire purchase liabilities are secured against the underlying assets financed.

Barclays Bank PLC hold a fixed and floating charge over the debtors of the company in connection with the factoring agreement.

11.	ULTIMATE CONTROLLING PARTY

No individual shareholder has ultimate control of the company.

12.	SHARE-BASED PAYMENT TRANSACTIONS

On 10 September 2024, the company established an Enterprise Management Incentive (EMI) share option Scheme for qualifying employees. The scheme is designed to align the interests of employees with those of shareholders by granting options over the company's ordinary shares.

A maximum of 3,794 options were granted during the year at an exercise price of £12 per share. These options will lapse if they are not exercised by 31 January 2028.

The directors have deemed the fair value of these options as at the end of 31 July 2025 to be immaterial and as such have not made a provision for their value due to the underlying complexities of the valuation techniques and the cost of calculating not outweighing the benefit, in line with Section 2.13 of FRS102.

At the reporting date, no options have been exercised and the total number of outstanding options under the scheme remained at a maximum of 3,794.