Registration number: 01987654

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 8

(Registration number: 01987654)
Balance Sheet as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	295,240	1,239,020
Investment property	6	-	169,848
		295,240	1,408,868
Current assets
Stocks	7	2,041,537	1,865,784
Debtors	8	2,781,243	3,266,787
Cash at bank and in hand		467,664	300,250
		5,290,444	5,432,821
Creditors: Amounts falling due within one year	9	(2,694,121)	(2,706,673)
Net current assets		2,596,323	2,726,148
Total assets less current liabilities		2,891,563	4,135,016
Creditors: Amounts falling due after more than one year	9	(129,602)	(595,401)
Provisions for liabilities		(72,289)	(93,634)
Net assets		2,689,672	3,445,981
Capital and reserves
Called up share capital	10	10,000	10,000
Capital redemption reserve		7,920	7,920
Retained earnings		2,671,752	3,428,061
Shareholders' funds		2,689,672	3,445,981

For the financial year ending 30 April 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 January 2026 and signed on its behalf by:
 

......................................... M Chapman Director

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1	General information

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Davis House
Manby Park
Manby
Louth
LN11 8UT

The principal place of business is:
Manby Business Park
Louth
Lincolnshire
LN11 8UT

These financial statements were authorised for issue by the Board on 14 January 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets, other than Freehold Property which is stated at valuation, are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	10%, 20% & 33% straight line
Fixtures and fittings	20% & 25% straight line
Motor vehicles	10%, 20% & 33% straight line
Leasehold improvements	25% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Trademarks	50% straight line
Software	25 % straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 42 (2024 - 49).

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4	Intangible assets

	Trademarks, patents and licenses  £	Total £
Cost or valuation
At 1 May 2024	7,825	7,825
At 30 April 2025	7,825	7,825
Amortisation
At 1 May 2024	7,825	7,825
At 30 April 2025	7,825	7,825
Carrying amount
At 30 April 2025	-	-

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 May 2024	1,117,045	806,955	114,087	2,038,087
Additions	-	20,934	-	20,934
Disposals	(1,117,045)	(192,098)	-	(1,309,143)
At 30 April 2025	-	635,791	114,087	749,878
Depreciation
At 1 May 2024	240,178	486,090	72,799	799,067
Charge for the year	1,722	77,113	10,734	89,569
Eliminated on disposal	(241,900)	(192,098)	-	(433,998)
At 30 April 2025	-	371,105	83,533	454,638
Carrying amount
At 30 April 2025	-	264,686	30,554	295,240
At 30 April 2024	876,867	320,865	41,288	1,239,020

Revaluation

The fair value of the Company's freehold buildings was revalued on 30 April 2024. An independent valuer was not involved. .
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £Nil (2024 - £890,918).

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

6	Investment properties

	2025 £
At 1 May	169,848
Disposals	(169,848)
At 30 April	-

Valued by the director at the balance sheet date

7

Stocks

	2025 £	2024 £
Raw materials and consumables	2,041,537	1,865,784

8

Debtors

Current	2025 £	2024 £
Trade debtors	1,743,565	2,373,440
Prepayments	152,462	123,817
Other debtors	885,216	769,530
	2,781,243	3,266,787

9

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	11	249,294	259,183
Trade creditors		488,521	989,598
Taxation and social security		398,816	168,696
Accruals and deferred income		692,651	609,914
Other creditors		864,839	679,282
		2,694,121	2,706,673

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts and invoice discounting facility which are secured of £814,839 (2024 - £2,074,221).

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	11	129,602	595,401

	2025 £	2024 £
Due after more than five years
After more than five years by instalments	-	116,665

	-	-