Moores Animal Feeds Limited 30/04/2025 iXBRL

Company registration number: NI020611

Moores Animal Feeds Limited

Financial statements

30 April 2025

Moores Animal Feeds Limited

Contents

Directors and other information

Strategic report

Directors report

Independent auditor's report to the members

Profit and loss account

Balance sheet

Statement of cash flows

Notes to the financial statements

Moores Animal Feeds Limited

Directors and other information


	Directors	Mr John Moore
		Mrs Margaret Moore
		Mr Phillip Moore
		Mr William Moore


	Secretary	Mr Phillip Moore


	Company number	NI020611


	Registered office	116 Carnalbanagh Road
		Broughshane
		Ballymena
		Co Antrim
		BT42 4NT


	Business address	116 Carnalbanagh Road
		Broughshane
		Ballymena
		Co Antrim
		BT42 4NT


	Auditor	Potter Finnegan Limited
		27-28 The Courtyard Business Park
		190 Galgorm Road
		Ballymena
		Co Antrim
		BT42 1HL




	Bankers	Danske Bank
		1 Broadway
		Ballymena
		Co Antrim
		BT43 6EA

Moores Animal Feeds Limited

Strategic report

Year ended 30 April 2025

Principal activities, business review and future developments

The principal activity of the Company is the production of quality animal feeds.

The directors are pleased to report another year of increasing sales in terms of volume. They are encouraged by the resilience the Company has demonstrated over the past few years and its ability to sustain continued growth. While sales volume has increased, turnover has remained similar owing to a net decrease in key raw material prices compared to the previous year.

The directors are satisfied that the gross profit margin has shown continued improvement, while operating profitability has remained at a pleasing level allowing the company to continue in operation, and enabling reinvestment for the future.

The directors consider that the Company's long-standing commitment to product quality and excellent customer service has built up the Company's reputation as one of the leading suppliers of quality animal feeds in Northern Ireland. The on-going commitment to maintain such a reputation, alongside robust operational practices and careful cost control, gives the directors every confidence of continued profitability.

Principal risks and uncertainties

The key risks to the business arise from fluctuations in input costs, particularly for raw materials and energy, as well as credit risk. Forward contracting of such inputs is extensively adopted to control the risk, while credit is regularly monitored and managed according to Company policy.

Animal disease is an area of significant risk to the business, most notably avian influenza. The Company has implemented hygiene and bio-security measures to limit the spread of the disease within the scope of the Company's operations.

Results and key financial performance indicators

The profit for the period before taxation amounted to £2,174,220 as shown in the profit and loss account on page 8. After provision for tax of £436,360 and dividends paid of £350,000, the balance of £1,387,860 has been transferred to reserves. Key financial performance indicators are summarised as follows: -

2025 2024

£'000 £'000

Turnover 42,153 42,738

Net profit before tax 2,174 2,150

Net current assets 10,396 9,046

Shareholder's funds 11,954 10,567

This report was approved by the board of directors on 5 September 2025 and signed on behalf of the board by:

Mr Phillip Moore

Secretary

Moores Animal Feeds Limited

Directors report

Year ended 30 April 2025

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

Directors

The directors who served the company during the year were as follows:

Mr John Moore

Mrs Margaret Moore

Mr Phillip Moore

Mr William Moore

Dividends

Particulars of recommended dividends are detailed in note 12 to the financial statements.

Future developments

There are no future developments to disclose in this report.

Financial instruments

The company does not actively use financial instruments as part of its financial risk management. The company is exposed to the usual credit risks and cash flow associated with selling on credit terms and manages this through credit control procedures. The company does not have any borrowings and does not need to mitigate any risk associated with interest rate fluctuations.

Disclosure of information in the strategic report.

In accordance with section 414C(11) of the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013, the following matters have been included in the Strategic Report :-

- a review of the business

- risk management policies

Directors responsibilities statement

The directors are responsible for preparing the strategic report, directors report 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 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 judgments and accounting estimates that are reasonable and prudent; and

- 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.

Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.

The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.

This report was approved by the board of directors on 05 September 2025 and signed on behalf of the board by:

Mr John Moore

Director

Moores Animal Feeds Limited

Independent auditor's report to the members of

Moores Animal Feeds Limited

Year ended 30 April 2025

Opinion

We have audited the financial statements of Moores Animal Feeds Limited (the 'company') for the year ended 30 April 2025 which comprise the Profit and loss account, Balance sheet, statement of cash flows 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 FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: - give a true and fair view of the state of the company's affairs as at 30 April 2025 and of its profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor’s 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 other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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 directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report has 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 directors' report. 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 the 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 directors' responsibilities statement, 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 is 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.

Auditor's 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 auditor’s 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. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: - We made enquiries of management and those charged with governance regarding their records of any instances of non-compliance with laws and regulations applicable to the company which could have a material impact on the financial statements - We held discussions with management to determine if there had been any suspected or actual instances of fraud and concluded that there had been none. As part of our fraud assessment, we also considered the risk of management over-ride of internal control systems - We considered that the principal audit risks would arise from the overstatement of income or assets and the understatement of costs or liabilities. We also reviewed any estimates used by management for reliability. 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 auditor’s report.

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.

Steven Potter

Senior Statutory Auditor

For and on behalf of

Potter Finnegan Limited

Chartered Accountants and Statutory Auditors

27-28 The Courtyard Business Park

190 Galgorm Road

Ballymena

Co Antrim

BT42 1HL

05 September 2025

Moores Animal Feeds Limited

Profit and loss account

Year ended 30 April 2025

		2025	2024
	Note	£	£


Turnover	4	42,153,049	42,738,179
Cost of sales		( 38,009,454)	( 38,861,853)
		_______	_______
Gross profit		4,143,595	3,876,326

Distribution costs		( 1,390,875)	( 1,162,973)
Administrative expenses		( 839,733)	( 714,361)
Other operating income	5	27,440	20,342
		_______	_______
Operating profit	6	1,940,427	2,019,334

Income from other fixed asset investments	9	27,305	2,749
Other interest receivable and similar income	10	206,488	127,543
		_______	_______
Profit before taxation		2,174,220	2,149,626

Tax on profit	11	(436,360)	(501,463)
		_______	_______
Profit for the financial year and total comprehensive income		1,737,860	1,648,163
		_______	_______

Dividends declared and paid or payable during the year	12	( 350,000)	( 262,500)

Retained earnings at the start of the year		10,266,667	8,881,004
		_______	_______
Retained earnings at the end of the year		11,654,527	10,266,667
		_______	_______

All the activities of the company are from continuing operations.

Moores Animal Feeds Limited

Balance sheet

30 April 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	13	1,986,762		1,911,498
		_______		_______
			1,986,762		1,911,498

Current assets
Stocks	14	1,399,538		1,200,267
Debtors	15	2,207,789		2,613,236
Investments	16	680,651		653,346
Cash at bank and in hand		7,906,764		7,094,863
		_______		_______
		12,194,742		11,561,712
Creditors: amounts falling due
within one year	17	( 1,798,630)		( 2,515,693)
		_______		_______
Net current assets			10,396,112		9,046,019
			_______		_______
Total assets less current liabilities			12,382,874		10,957,517


Provisions for liabilities	18		( 428,347)		( 390,850)

			_______		_______
Net assets			11,954,527		10,566,667
			_______		_______

Capital and reserves
Called up share capital	21		300,000		300,000
Profit and loss account			11,654,527		10,266,667
			_______		_______
Shareholders funds			11,954,527		10,566,667
			_______		_______

These financial statements were approved by the board of directors and authorised for issue on 05 September 2025 , and are signed on behalf of the board by:

Mr John Moore

Director

Company registration number: NI020611

Moores Animal Feeds Limited

Statement of cash flows

Year ended 30 April 2025

	2025	2024
	£	£

Cash flows from operating activities
Profit for the financial year	1,737,860	1,648,163

Adjustments for:
Depreciation of tangible assets	458,568	395,676
Government grant income	( 7,887)	( 1,950)
Income from other fixed asset investments	( 27,305)	( 2,749)
Other interest receivable and similar income	( 206,488)	( 127,543)
Gain/(loss) on disposal of tangible assets	( 15,317)	( 5,898)
Tax on profit	436,360	501,463
Accrued expenses/(income)	95,863	9,206

Changes in:
Stocks	( 199,271)	( 256,457)
Trade and other debtors	405,447	354,459
Trade and other creditors	( 524,799)	737,227
	_______	_______
Cash generated from operations	2,153,031	3,251,597

Interest received	206,488	127,543
Tax paid	( 687,020)	( 250,552)
	_______	_______
Net cash from operating activities	1,672,499	3,128,588
	_______	_______

Cash flows from investing activities
Purchase of tangible assets	( 546,534)	( 701,418)
Proceeds from sale of tangible assets	28,019	20,191
	_______	_______
Net cash used in investing activities	( 518,515)	( 681,227)
	_______	_______

Cash flows from financing activities
Proceeds from borrowings	32	( 9,774)
Government grant income	7,887	1,950
Equity dividends paid	( 350,000)	( 262,500)
	_______	_______
Net cash used in financing activities	( 342,081)	( 270,324)
	_______	_______

Net increase/(decrease) in cash and cash equivalents	811,903	2,177,037
Cash and cash equivalents at beginning of year	7,094,863	4,917,826
	_______	_______
Cash and cash equivalents at end of year	7,906,766	7,094,863
	_______	_______

Moores Animal Feeds Limited

Notes to the financial statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 116 Carnalbanagh Road, Broughshane, Ballymena, Co Antrim, BT42 4NT.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. 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 capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to profit or loss.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Freehold property	-	5 %	reducing balance
Plant and machinery	-	20 %	reducing balance
Fixtures and furniture	-	15 %	reducing balance
Motor vehicles	-	25 %	reducing balance
Office equipment	-	25 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the Balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Turnover

The company's turnover was derived wholly from the sale of goods within the normal course of business.

The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.

5. Other operating income

	2025	2024
	£	£
Government grant income	7,887	1,950
Other operating income	19,553	18,392
	_______	_______
	27,440	20,342
	_______	_______

6. Operating profit

Operating profit is stated after charging/(crediting):

	2025	2024
	£	£
Depreciation of tangible assets	458,568	395,676
(Gain)/loss on disposal of tangible assets	( 15,317)	( 5,898)
Impairment of trade debtors	(33,550)	(42,709)
Foreign exchange differences	-	732
Fees payable for the audit of the financial statements	7,100	7,360
	_______	_______

7. Staff costs

The average number of persons employed by the company during the year, including the directors, amounted to:

	2025	2024
Manufacturing	12	10
Sales and distribution	10	8
Administration	11	11
	_______	_______
	33	29
	_______	_______

The aggregate payroll costs incurred during the year were:

	2025	2024
	£	£
Wages and salaries	1,185,513	1,046,712
Social security costs	117,036	100,858
Other pension costs	206,570	130,705
	_______	_______
	1,509,119	1,278,275
	_______	_______

8. Directors remuneration

The directors aggregate remuneration in respect of qualifying services was:

	2025	2024
	£	£
Remuneration	74,970	86,828
Company contributions to pension schemes in respect of qualifying services	154,213	84,796
	_______	_______
	229,183	171,624
	_______	_______

The number of directors who accrued benefits under company pension plans was as follows:

	2025	2024
	Number	Number
Defined contribution plans	4	4
	_______	_______

9. Income from other fixed asset investments

	2025	2024
	£	£
Income from other current asset investments	27,305	2,749
	_______	_______

10. Other interest receivable and similar income

	2025	2024
	£	£
Bank deposits	198,975	127,543
Other interest receivable and similar income	7,513	-
	_______	_______
	206,488	127,543
	_______	_______

11. Tax on profit

Major components of tax expense

	2025	2024
	£	£
Current tax:
UK current tax expense	514,638	462,020
Adjustments in respect of previous periods	( 115,775)	-
	_______	_______
Total current tax	398,863	462,020

Deferred tax:
Origination and reversal of timing differences	37,497	39,443
	_______	_______
Tax on profit	436,360	501,463
	_______	_______

Reconciliation of tax expense

The tax assessed on the profit for the year is lower than (2024: lower than) the standard rate of corporation tax in the UK of 25.00 % (2024: 25.00%).

	2025	2024
	£	£
Profit before taxation	2,174,220	2,149,626
	_______	_______

Profit multiplied by rate of tax	543,555	537,407
Adjustments in respect of prior periods	( 115,775)	-
Effect of expenses not deductible for tax purposes	477	475
Effect of capital allowances and depreciation	( 29,394)	( 75,862)
	_______	_______
Tax on profit	398,863	462,020
	_______	_______

12. Dividends

Equity dividends

	2025	2024
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year)	350,000	262,500
	_______	_______

13. Tangible assets

	Freehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 May 2024	339,388	5,514,969	304,482	1,709,376	7,868,215
Additions	12,990	339,624	1,145	192,775	546,534
Disposals	-	-	( 170)	( 82,750)	( 82,920)
	_______	_______	_______	_______	_______
At 30 April 2025	352,378	5,854,593	305,457	1,819,401	8,331,829
	_______	_______	_______	_______	_______
Depreciation
At 1 May 2024	193,735	4,390,560	259,530	1,112,892	5,956,717
Charge for the year	7,555	253,283	21,849	175,881	458,568
Disposals	-	-	( 170)	( 70,048)	( 70,218)
	_______	_______	_______	_______	_______
At 30 April 2025	201,290	4,643,843	281,209	1,218,725	6,345,067
	_______	_______	_______	_______	_______
Carrying amount
At 30 April 2025	151,088	1,210,750	24,248	600,676	1,986,762
	_______	_______	_______	_______	_______
At 30 April 2024	145,653	1,124,409	44,952	596,484	1,911,498
	_______	_______	_______	_______	_______

14. Stocks

	2025	2024
	£	£
Raw materials	913,405	706,452
Finished goods	486,133	493,815
	_______	_______
	1,399,538	1,200,267
	_______	_______

15. Debtors

	2025	2024
	£	£
Trade debtors	1,858,665	2,303,573
Prepayments and accrued income	165,848	60,889
Other debtors	183,276	248,774
	_______	_______
	2,207,789	2,613,236
	_______	_______

16. Investments

	2025	2024
	£	£
Other investments	680,651	653,346
	_______	_______

17. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	1,337,816	1,864,332
Accruals and deferred income	243,370	147,509
Corporation tax	173,863	462,020
Social security and other taxes	20,221	26,510
Director loan accounts	32	-
Other creditors	23,328	15,322
	_______	_______
	1,798,630	2,515,693
	_______	_______

18. Provisions

	Deferred tax (note 19)	Total
	£	£
At 1 May 2024	390,850	390,850
Additions	37,497	37,497
	_______	_______
At 30 April 2025	428,347	428,347
	_______	_______

19. Deferred tax

The deferred tax included in the Balance sheet is as follows:

	2025	2024
	£	£
Included in provisions (note 18)	428,347	390,850
	_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	428,347	390,850
	_______	_______

20. Employee benefits

The amount recognised in profit or loss in relation to defined contribution plans was £ 206,570 (2024: £ 130,705 ).

21. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary shares shares of £ 1 each	300,000	300,000	300,000	300,000
	_______	_______	_______	_______

22. Related party transactions

The directors have given a personal guarantee of £150,000 in support of the company's banking facilities. The company pays an annual rent of £10,000 to Mr John Moore in respect of land occupied by the company.

23. Controlling party

The company is controlled by the directors.