Company registration number 13478157 (England and Wales)
COLLISON CUT FLOWERS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
Whitings LLP
Chartered Accountants
12/13 The Crescent
Wisbech
Cambridgeshire
PE13 1EH
COLLISON CUT FLOWERS LIMITED
CONTENTS
Page
Strategic report
1 - 2
Directors' report
3
Directors' responsibilities statement
4
Independent auditor's report
5 - 8
Profit and loss account
9
Statement of comprehensive income
10
Balance sheet
11
Statement of changes in equity
12
Statement of cash flows
13
Notes to the financial statements
14 - 30
COLLISON CUT FLOWERS LIMITED
COMPANY INFORMATION
Directors
Mrs D E Collison
Mr I S Collison
Mrs J A Collison
Mr P C Collison
Company number
13478157
Registered office
Tuxhill Farm
Hay Green
Terrington St. Clement
Kings Lynn
Norfolk
PE34 4PX
Auditor
Whitings LLP
Fenland House
15B Hostmoor Avenue
March
Cambridgeshire
PE15 0AX
Accountant
Whitings LLP
12/13 The Crescent
Wisbech
PE13 1EH
COLLISON CUT FLOWERS LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 30 JUNE 2025
- 1 -

The directors are pleased to present the company's strategic report for the year ended 30 June 2025.

Review of the business

The business has seen a slight decrease in turnover compared to the previous season, from £10,372,669 to £10,090,676. This was largely due to the number of tulip bulbs planted for the 2025 forcing season. The extreme wet weather in Holland in June 2024 resulted in a very poor harvest and we could not buy our full volume so we ended up forcing less than 95% of the previous year’s bulb quantity.

The company maintained a similar level of gross margin on scented stocks year on year with the early season crop yielding well and compensating for the effects of the hot weather at the end of the season. Asters were also affected by the weather and waterlogged fields at the time of planting in 2024 along with crow damage impacted on overall yield. Eryngium and sundew lilies yielded as forecast and the ornamental brassicas were slightly better than expected with a lower waste level than previous seasons.

Chrysanthemums and celosia were popular and there was good demand through the autumn for these lines.

The directors will continue to invest in technology such as the robotic tulip planting line and innovate with new varieties where possible in order to remain at the forefront of the UK flower growing industry.

Principal risks and uncertainties

As a business the directors continually assess the significant risks posed to the company. The following areas headline the major uncertainties which can affect the current profitability and therefore future sustainability of the business.

Economic conditions – a number of costs incurred by the business are influenced by the wider economy such as labour, fuel & electricity prices, foreign exchange rates and water supply. As a business the directors are decision making to minimise the costs of these risks by investing in automation, regular monitoring of productivity & energy usage and forward buying currency where appropriate. A new reservoir was completed early in 2025, however this meant we started with zero water in storage at the beginning of the year, this was only really added to by water saved from tulip production and then experiencing a very dry spring and summer meant the benefit of this investment was limited in this financial year.

Competitive pressures – the main competition for the end product comes from abroad and other comparison products on the supermarket shelves. The directors therefore need to continue to monitor costs closely to prevent loss of sales whilst maintaining a sustainable margin.

Bulb Availability – this poses an increasing risk with the recent extreme weather conditions leading to a poor tulip bulb harvest in Holland coupled with rising global demand. This has massively affected the tulip bulb market leading to marked price increases and limited availability. The directors are well aware of the potential effect on the business if they cannot purchase the number of bulbs required to supply customers at a reasonable price. Buying the majority of the bulbs direct from growers in the Netherlands in the past has helped build important and strong relationships with bulb growers which the company will strive to maintain and strengthen.

Regulation – complying with legislation and industry standards is an ever-growing demand on the company and directors’ time. The directors are committed to implementing all necessary policies and procedures to ensure compliance with existing laws and regulations. A wide range of areas are covered including health and safety, employment, environment and pollution. The company is compliant with a number of industry standards undertaking audits with OHAS on the growing and packhouse operations, SEDEX on ethical issues, LEAF Marque on environmental impact as well as a number of individual customer requirements.

COLLISON CUT FLOWERS LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 2 -
Key performance indicators

The company uses a number of financial measures to monitor the business performance. These include crop yield, average crop price, profit margins and weekly cash flow comparisons. The analysis of these key facts is then used by the directors to make the necessary and relevant decisions regarding the future strategy of the company.

In the year to 30 June 2025

Gross profit margin has decreased from 26.7% to 25.8%.

Operating profit margin has decreased from 7.6% to 5.1%.

Net profit margin has decreased from 2.6% to 1.7%.

On behalf of the board

Mrs D E Collison
Director
31 October 2025
COLLISON CUT FLOWERS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 JUNE 2025
- 3 -

The directors present their annual report and financial statements for the year ended 30 June 2025.

Principal activities

The principal activity of the company continued to be that of flower growing and farming.

Results and dividends

The results for the year are set out on page 9.

Ordinary dividends were paid amounting to £120,000. The directors do not recommend payment of a further dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mrs D E Collison
Mr I S Collison
Mrs J A Collison
Mr P C Collison
Auditor

Whitings LLP were appointed as auditor to the company and in accordance with section 485 of the Companies Act 2006, a resolution proposing that they be re-appointed will be put at a General Meeting.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

On behalf of the board
Mrs D E Collison
Director
31 October 2025
COLLISON CUT FLOWERS LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 30 JUNE 2025
- 4 -

The directors are responsible for preparing the annual 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 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; 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.

COLLISON CUT FLOWERS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF COLLISON CUT FLOWERS LIMITED
- 5 -
Opinion

We have audited the financial statements of Collison Cut Flowers Limited (the 'company') for the year ended 30 June 2025 which comprise the profit and loss account, the statement of comprehensive income, the balance sheet, the statement of changes in equity, the statement of cash flows and notes to the financial statements, including 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, except for the possible effects of the matters described in the basis for qualified opinion section of our report, the financial statements:

- give a true and fair view of the state of the company's affairs as at 30 June 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 qualified opinion

We were unable to observe the physical counting of stocks at 30 June 2023 due to being appointed as auditor after the year end. We were unable to satisfy ourselves by alternative means concerning stock quantities of £340,258 held at 30 June 2023 by using other audit procedures.

Consequently we were unable to determine whether any adjustment to this was necessary or whether there was any consequential effect on the cost of sales for the year ended 30 June 2024. In addition, if any adjustment to the stock balance was required, the Strategic Report would also need to be amended.

We conducted our audit procedures in accordance with International Standards of 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 United Kingdom, including the Financial Reporting Councils 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 qualified 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.

COLLISON CUT FLOWERS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF COLLISON CUT FLOWERS LIMITED (CONTINUED)
- 6 -

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 contained within the annual report. 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. 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 course of 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 our audit:

- the information given in the strategic report and the directors' r eport 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 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 identifie d material misstatements in the strategic report or the directors' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- 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 directors' r esponsibilities s tatement, 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.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

COLLISON CUT FLOWERS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF COLLISON CUT FLOWERS LIMITED (CONTINUED)
- 7 -

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 frameworks that are applicable to the Company and determined that the most significant are those that relate to the reporting frameworks (FRS 102 and Companies Act 2006) and the relevant tax compliance regulations in the jurisdictions in which the Company operates;

- We communicated relevant laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit;

- We enquired of management and those charged with governance, concerning the Company's policies and procedures relating to:

- the identification, evaluation and compliance with laws and regulations; and

- the detection and response to the risks of fraud.

- We enquired of management and those charged with governance, whether they were aware of any instances of non-compliance with laws and regulations or whether they had any knowledge of actual, suspected or alleged fraud;

- In addition, we concluded that there are certain specific laws and regulations that may have an effect on the determination of amounts and disclosures in the financial statements and those laws and regulations relating to health and safety, employment related matters, GDPR along with ensuring conformity with key certificates including Red Tractor, OHAS and LEAF;

- We corroborated the results of our enquires to relevant supporting documentation;

- We assessed the susceptibility of the Company’s financial statements to material misstatement, including how fraud might occur and the risk of management override of controls. Audit procedures performed by the engagement team included:

- evaluation of the programmes and controls established to address the risks related to irregularities and fraud;

- testing journal entries, in particular journal entries relating to management estimates and entries determined to be large or relating to unusual transactions;

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

- identifying and testing related party transactions.

- These audit procedures were designed to provide reasonable assurance that the financial statements were free from fraud or error. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error and detecting irregularities that result from fraud is inherently more difficult than detecting those that result from error, as fraud may involve collusion, deliberate concealment, forgery or intentional misrepresentations. Also, the further removed non-compliance with laws and regulations is from events and transactions reflected in the financial statements, the less likely we would become aware of it;

- The engagement partner’s assessment of the appropriateness of the collective competence and capabilities of the engagement team included consideration of the engagement team's:

- understanding of, and practical experience with audit engagements of a similar nature and complexity through appropriate training and participation;

- knowledge of the industry in which the client operates;

- understanding of the legal and regulatory requirements specific to the Company including: - the provisions of the applicable legislation;

- the regulators' rules and related guidance, including guidance issued by relevant authorities that interprets those rules;

- the applicable statutory provisions.

COLLISON CUT FLOWERS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF COLLISON CUT FLOWERS LIMITED (CONTINUED)
- 8 -

- In assessing the potential risks of material misstatement, we obtained an understanding of:

- the Company's operations, including the nature of its revenue sources and of its objectives and strategies to understand the classes of transactions, account balances, expected financial statement disclosures and business risks that may result in risks of material misstatement;

- the applicable statutory provisions;

- the Company's control environment, including the policies and procedures implemented to comply with the requirements of its regulator, the adequacy of procedures for authorisation of transactions, internal review procedures over the Company's compliance with regulatory requirements.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://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 auditor's 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.

Ben Beech ACA (Senior Statutory Auditor)
For and on behalf of Whitings LLP, Statutory Auditor
Chartered Accountants
Fenland House
15B Hostmoor Avenue
March
Cambridgeshire
PE15 0AX
31 October 2025
COLLISON CUT FLOWERS LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2025
- 9 -
2025
2024
Notes
£
£
Turnover
3
10,090,676
10,372,669
Cost of sales
(7,484,830)
(7,599,216)
Gross profit
2,605,846
2,773,453
Administrative expenses
(2,196,859)
(2,064,586)
Other operating income
103,766
81,980
Operating profit
4
512,753
790,847
Interest receivable and similar income
7
668
4,111
Interest payable and similar expenses
8
(315,433)
(355,210)
Profit before taxation
197,988
439,748
Tax on profit
9
(22,108)
(164,575)
Profit for the financial year
175,880
275,173

The profit and loss account has been prepared on the basis that all operations are continuing operations.

COLLISON CUT FLOWERS LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 JUNE 2025
- 10 -
2025
2024
£
£
Profit for the year
175,880
275,173
Other comprehensive income
Revaluation of tangible fixed assets
540,708
-
0
Tax relating to other comprehensive income
(97,143)
57,408
Total other comprehensive income for the year
443,565
57,408
Total comprehensive income for the year
619,445
332,581
COLLISON CUT FLOWERS LIMITED
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 11 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
11
10,516,364
9,501,721
Current assets
Stocks
12
446,833
423,303
Debtors
13
1,447,722
902,917
Cash at bank and in hand
410,129
695,819
2,304,684
2,022,039
Creditors: amounts falling due within one year
15
(2,281,469)
(1,397,155)
Net current assets
23,215
624,884
Total assets less current liabilities
10,539,579
10,126,605
Creditors: amounts falling due after more than one year
18
(3,403,429)
(3,609,151)
Provisions for liabilities
Deferred tax liability
19
459,940
340,689
(459,940)
(340,689)
Net assets
6,676,210
6,176,765
Capital and reserves
Called up share capital
21
200
200
Share premium account
4,890,748
4,890,748
Revaluation reserve
1,114,894
725,270
Profit and loss reserves
670,368
560,547
Total equity
6,676,210
6,176,765

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The financial statements were approved by the board of directors and authorised for issue on 31 October 2025 and are signed on its behalf by:
Mr I S Collison
Mr P C Collison
Director
Director
Company registration number 13478157 (England and Wales)
COLLISON CUT FLOWERS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2025
- 12 -
Share capital
Share premium account
Revaluation reserve
Profit and loss reserves
Total
Notes
£
£
£
£
£
Balance at 1 July 2023
200
4,890,748
781,547
291,689
5,964,184
Year ended 30 June 2024:
Profit
-
-
-
275,173
275,173
Other comprehensive income:
Tax relating to other comprehensive income
-
-
57,408
-
0
57,408
Total comprehensive income
-
-
57,408
275,173
332,581
Dividends
10
-
-
-
(120,000)
(120,000)
Transfers
-
-
(113,685)
113,685
-
Balance at 30 June 2024
200
4,890,748
725,270
560,547
6,176,765
Year ended 30 June 2025:
Profit
-
-
-
175,880
175,880
Other comprehensive income:
Revaluation of tangible fixed assets
-
-
540,708
-
540,708
Tax relating to other comprehensive income
-
-
(97,143)
-
0
(97,143)
Total comprehensive income
-
-
443,565
175,880
619,445
Dividends
10
-
-
-
(120,000)
(120,000)
Transfers
-
-
(53,941)
53,941
-
Balance at 30 June 2025
200
4,890,748
1,114,894
670,368
6,676,210
COLLISON CUT FLOWERS LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2025
- 13 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
26
756,740
1,480,453
Interest paid
(315,433)
(355,210)
Income taxes (paid)/refunded
(17,642)
22,537
Net cash inflow from operating activities
423,665
1,147,780
Investing activities
Purchase of tangible fixed assets
(1,024,308)
(553,545)
Proceeds from disposal of tangible fixed assets
4,000
761,415
Loans made to other entities
-
0
(52,270)
Repayment of loans
4,698
-
0
Interest received
668
4,111
Net cash (used in)/generated from investing activities
(1,014,942)
159,711
Financing activities
Repayment of bank loans
(186,475)
(176,202)
Payment of finance leases obligations
(110,762)
(112,794)
Dividends paid
(120,000)
(120,000)
Net cash used in financing activities
(417,237)
(408,996)
Net (decrease)/increase in cash and cash equivalents
(1,008,514)
898,495
Cash and cash equivalents at beginning of year
695,819
(202,676)
Cash and cash equivalents at end of year
(312,695)
695,819
Relating to:
Cash at bank and in hand
410,129
695,819
Bank overdrafts included in creditors payable within one year
(722,824)
-
0
COLLISON CUT FLOWERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 14 -
1
Accounting policies
Company information

Collison Cut Flowers Limited is a private company limited by shares incorporated in England and Wales. The registered office is Tuxhill Farm, Hay Green, Terrington St. Clement, Kings Lynn, Norfolk, PE34 4PX.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

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

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

COLLISON CUT FLOWERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 15 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold property
Glasshouses and tunnels - over 10 to 20 years straight line
Sheds, barns & coldstores - over 15 to 30 years straight line
Boiler houses and boilers - over 10 to 15 years straight line
Office building - over 25 years straight line
Improvements to property
over 10 to 20 years straight line
Plant and equipment
25% reducing balance, apart from certain items depreciated over 10 years straight line
Office equipment
over 3 years straight line
Computer software development
over 4 years straight line
Motor vehicles
20% reducing balance

Freehold land and a residential property, together with any assets in the course of construction are not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value.

Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in profit or loss or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and loss es are recognised in profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

COLLISON CUT FLOWERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 16 -
1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

COLLISON CUT FLOWERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 17 -
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are s ubsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

COLLISON CUT FLOWERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 18 -
Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

COLLISON CUT FLOWERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 19 -
1.13
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases and hire purchase contracts are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease or hire purchase obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

As lessor

When the company acts as a lessor, a lease is classified as a finance lease whenever it transfers substantially all the risks and rewards of ownership of the underlying asset to the lessee, either at the end of the lease term or for the major part of the economic life of the asset. All other leases are classified as operating leases. If an arrangement contains both lease and non-lease components, the company allocates the consideration in the contract to the two elements.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

1.14
Government grants

Government grants are recognised based on the accrual model. As such, government grants in relation to tangible fixed assets are credit to the profit and loss account over the useful lives of the related assets. The deferred element of the grant is included in creditors as deferred income.

1.15
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

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.

COLLISON CUT FLOWERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 20 -
3
Turnover and other revenue
2025
2024
£
£
Turnover analysed by class of business
Flower growing
10,036,481
10,309,860
Arable farming
54,195
62,809
10,090,676
10,372,669
2025
2024
£
£
Other revenue
Interest income
668
4,111
Grants received
20,361
-

The only material geographical market for the company is the United Kingdom.

4
Operating profit
2025
2024
Operating profit for the year is stated after charging/(crediting):
£
£
Exchange losses/(gains)
20,574
(605)
Government grants
(20,361)
-
Fees payable to the company's auditor for the audit of the company's financial statements
16,500
16,000
Depreciation of tangible fixed assets
590,923
584,025
Profit on disposal of tangible fixed assets
(3,636)
(62,355)
Operating lease charges
9,124
9,230
5
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Operatives
67
67
Administrative
5
5
Total
72
72
COLLISON CUT FLOWERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
5
Employees
(Continued)
- 21 -

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
2,334,218
2,192,661
Social security costs
223,285
205,902
Pension costs
35,303
31,669
2,592,806
2,430,232
6
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
306,624
325,128
Company pension contributions to defined contribution schemes
3,963
3,963
310,587
329,091

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 3 (2024 - 3).

Remuneration disclosed above include the following amounts paid to the highest paid director:
2025
2024
£
£
Remuneration for qualifying services
100,554
104,040
Company pension contributions to defined contribution schemes
1,321
1,321
7
Interest receivable and similar income
2025
2024
£
£
Interest income
Other interest income
668
4,111
COLLISON CUT FLOWERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 22 -
8
Interest payable and similar expenses
2025
2024
£
£
Interest on financial liabilities measured at amortised cost
Interest on bank overdrafts and loans
291,460
325,318
Other finance costs
Interest on finance leases and hire purchase contracts
23,973
29,892
315,433
355,210
9
Taxation
2025
2024
£
£
Deferred tax
Origination and reversal of timing differences
34,120
24,231
Previously unrecognised tax loss, tax credit or timing difference
(62,234)
-
0
Tax losses carried forward
50,222
140,344
Total deferred tax
22,108
164,575

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
197,988
439,748
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
49,497
109,937
Tax effect of expenses that are not deductible in determining taxable profit
312
-
0
Depreciation on assets not qualifying for tax allowances
34,533
34,533
Research and development tax credit
(62,234)
-
0
Gain on disposal recognised in prior years revaluation reserve
-
0
20,105
Taxation charge for the year
22,108
164,575

In addition to the amount charged to the profit and loss account, the following amounts relating to tax have been recognised directly in other comprehensive income:

2025
2024
£
£
Deferred tax arising on:
Revaluation of property
97,143
(57,408)
COLLISON CUT FLOWERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 23 -
10
Dividends
2025
2024
£
£
Final paid
120,000
120,000
COLLISON CUT FLOWERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 24 -
11
Tangible fixed assets
Freehold property
Improvements to property
Assets under construction
Plant and equipment
Office equipment
Computer software development
Motor vehicles
Total
£
£
£
£
£
£
£
£
Cost or valuation
At 1 July 2024
7,137,266
38,706
-
0
3,174,404
3,131
2,824
96,045
10,452,376
Additions
-
0
175,241
720,699
160,782
-
0
-
0
8,500
1,065,222
Disposals
-
0
-
0
-
0
(750)
-
0
-
0
-
0
(750)
Revaluation
167,053
-
0
-
0
-
0
-
0
-
0
-
0
167,053
Transfers
213,947
(213,947)
-
0
-
0
-
0
-
0
-
0
-
0
At 30 June 2025
7,518,266
-
0
720,699
3,334,436
3,131
2,824
104,545
11,683,901
Depreciation and impairment
At 1 July 2024
183,133
1,935
-
0
733,074
2,277
2,824
27,412
950,655
Depreciation charged in the year
190,522
(1,935)
-
0
386,409
501
-
0
15,426
590,923
Eliminated in respect of disposals
-
0
-
0
-
0
(386)
-
0
-
0
-
0
(386)
Revaluation
(373,655)
-
0
-
0
-
0
-
0
-
0
-
0
(373,655)
At 30 June 2025
-
0
-
0
-
0
1,119,097
2,778
2,824
42,838
1,167,537
Carrying amount
At 30 June 2025
7,518,266
-
0
720,699
2,215,339
353
-
0
61,707
10,516,364
At 30 June 2024
6,954,133
36,771
-
0
2,441,330
854
-
0
68,633
9,501,721
COLLISON CUT FLOWERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 25 -

Included within tangible fixed assets are assets held under finance leases or hire purchase contracts, as follows:

2025
2024
£
£
Plant and equipment
375,186
386,249

Additions to assets under construction comprise £720,699 (2024: £0) for Plant and equipment.

Included in cost or valuation of freehold property is freehold land and buildings of £2,548,266 (2024 £2,548,266) which is not depreciated.

Land and buildings with a carrying amount of £7,365,000 were revalued at April 2025 by Quintons Commercial, independent valuers not connected with the company on the basis of market value. The valuation conforms to International Valuation Standards and was based on recent market transactions on arm's length terms for similar properties.

Freehold property is carried at valuation. If freehold property w as measured using the cost model, the carrying amounts would have been £6,087,781 (2024 - £6,017,803), being cost £6,381,615 (2024 - £6,167,668) and depreciation £293,834 (2024 - £149,865).

12
Stocks
2025
2024
£
£
Raw materials and consumables
446,833
423,303
13
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
862,171
782,666
Corporation tax recoverable
1,586
-
0
Other debtors
251,330
52,270
Prepayments and accrued income
316,579
50,340
1,431,666
885,276
2025
2024
Amounts falling due after more than one year:
£
£
Corporation tax recoverable
16,056
17,641
Total debtors
1,447,722
902,917
COLLISON CUT FLOWERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 26 -
14
Contingent assets

After the reporting period, the company received a grant of £405,508 in relation to a robotic planter which is accounted for within assets under construction at the balance sheet date.

15
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Bank loans and overdrafts
16
920,199
186,476
Obligations under finance leases and hire purchase contracts
17
112,907
113,414
Trade creditors
473,961
386,006
Corporation tax
-
0
17,641
Other taxation and social security
575,330
517,802
Other creditors
136,890
90,277
Accruals and deferred income
62,182
85,539
2,281,469
1,397,155
16
Loans and overdrafts
2025
2024
£
£
Bank loans
3,353,038
3,539,513
Bank overdrafts
722,824
-
0
4,075,862
3,539,513
Payable within one year
920,199
186,476
Payable after one year
3,155,663
3,353,037

The bank borrowings are secured by a legal charge over the freehold property and a debenture over all other assets of the company.

Long term debt comprises:

1. A bank loan repayable by monthly instalments over 10 years from December 2021 with variable interest at Bank of England Base Rate plus 2.4%. The liability at the balance sheet date is £264,428 and the final repayment is due to be made in December 2031.

2. A bank loan repayable by monthly instalments over 15 years from April 2023 with variable interest at Bank of England Base Rate plus 2.25%. The liability at the balance sheet date is £3,088,610 and the final repayment is due to be made in April 2038.

COLLISON CUT FLOWERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 27 -
17
Finance lease obligations
2025
2024
Amounts due:
£
£
Within one year
112,907
113,414
After more than one year
186,773
256,114
299,680
369,528
2025
2024
Future minimum lease payments due under finance leases:
£
£
Within one year
128,582
134,785
In two to five years
198,647
278,819
In over five years
-
0
1,204
327,229
414,808
Less: future finance charges
(27,549)
(45,280)
299,680
369,528

Finance lease payments represent rentals payable by the company for certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is 4 years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

18
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
16
3,155,663
3,353,037
Obligations under finance leases and hire purchase contracts
17
186,773
256,114
Accruals and deferred income
60,993
-
0
3,403,429
3,609,151

The bank borrowings are secured by a legal charge over the freehold property and a debenture over all other assets of the company.

Amounts included above which fall due after five years are as follows:
Payable by instalments
2,242,468
2,492,242
COLLISON CUT FLOWERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 28 -
19
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
668,014
633,609
Tax losses
(515,992)
(503,980)
Revaluations
308,203
211,060
Retirement benefit obligations
(285)
-
459,940
340,689
2025
Movements in the year:
£
Liability at 1 July 2024
340,689
Charge to profit or loss
22,108
Charge to other comprehensive income
97,143
Liability at 30 June 2025
459,940
20
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
35,303
31,669

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

21
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
200
200
200
200
22
Capital commitments

Amounts contracted for but not provided in the financial statements:

2025
2024
£
£
Acquisition of tangible fixed assets
228,040
-
COLLISON CUT FLOWERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 29 -
23
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with a Dutch company controlled by three of the company's directors:

Sales
Sales
Purchases
Purchases
2025
2024
2025
2024
£
£
£
£
Entities over which the entity has control, joint control or significant influence
116,419
-
0
1,773,688
1,519,943
Interest received
2025
2024
£
£
Entities over which the entity has control, joint control or significant influence
668
3,341

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due to related parties
£
£
Entities over which the entity has control, joint control or significant influence
-
13,568

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due from related parties
£
£
Entities over which the entity has control, joint control or significant influence
203,758
-
24
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

Dividends totalling £120,000 (2024 - £120,000) were paid in the year in respect of shares held by the company's directors.

The directors make up the key management personnel of the company. Details of their remuneration is shown under the Directors' remuneration note.

COLLISON CUT FLOWERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
24
Directors' transactions
(Continued)
- 30 -
Loans
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Loan to director (interest free)
-
52,270
25,302
(30,000)
47,572
52,270
25,302
(30,000)
47,572
25
Ultimate controlling party

In the opinion of the directors, the Company is not controlled by any one individual.

26
Cash generated from operations
2025
2024
£
£
Profit after taxation
175,880
275,173
Adjustments for:
Taxation charged
22,108
164,575
Finance costs
315,433
355,210
Investment income
(668)
(4,111)
Gain on disposal of tangible fixed assets
(3,636)
(62,355)
Depreciation and impairment of tangible fixed assets
590,923
584,025
Movements in working capital:
Increase in stocks
(23,530)
(83,045)
(Increase)/decrease in debtors
(549,502)
11,654
Increase in creditors
229,732
239,327
Cash generated from operations
756,740
1,480,453
27
Analysis of changes in net debt
1 July 2024
Cash flows
New leases
30 June 2025
£
£
£
£
Cash at bank and in hand
695,819
(285,690)
-
410,129
Bank overdrafts
-
0
(722,824)
-
(722,824)
695,819
(1,008,514)
-
0
(312,695)
Borrowings excluding overdrafts
(3,539,513)
186,475
-
(3,353,038)
Lease liabilities
(369,528)
110,762
(40,914)
(299,680)
(3,213,222)
(711,277)
(40,914)
(3,965,413)
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