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Company No: 03000668 (England and Wales)

# ALMAGROVE LIMITED

### Unaudited Financial Statements
For the financial year ended 30 November 2025
Pages for filing with the registrar

ALMAGROVE LIMITED

## Unaudited Financial Statements

For the financial year ended 30 November 2025

Contents

ALMAGROVE LIMITED

## BALANCE SHEET

As at 30 November 2025
ALMAGROVE LIMITED

## BALANCE SHEET (continued)

As at 30 November 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 14,809 |  | 0
Tangible assets | 4 | 102,328 |  | 59,481
|  | 117,137 |  | 59,481
Current assets |  |  |  |
Stocks | 5 | 639,343 |  | 446,530
Debtors | 6 | 555,737 |  | 767,501
Cash at bank and in hand |  | 62,821 |  | 56,948
|  | 1,257,901 |  | 1,270,979
Creditors: amounts falling due within one year | 7 | ( 178,096) |  | ( 190,563)
Net current assets |  | 1,079,805 |  | 1,080,416
Total assets less current liabilities |  | 1,196,942 |  | 1,139,897
Creditors: amounts falling due after more than one year | 8 | ( 223,190) |  | ( 300,000)
Provision for liabilities |  | ( 29,284) |  | ( 9,762)
Net assets |  | 944,468 |  | 830,135
Capital and reserves |  |  |  |
Called-up share capital | 9 | 200 |  | 200
Profit and loss account |  | 944,268 |  | 829,935
Total shareholders' funds |  | 944,468 |  | 830,135

For the financial year ending 30 November 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 financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Almagrove Limited (registered number: 03000668) were approved and authorised for issue by the Board of Directors on 27 March 2026. They were signed on its behalf by:

D Grimes Director |

ALMAGROVE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2025
ALMAGROVE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Almagrove Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 458 Wimborne Road Winton, Bournemouth, BH9 2EY, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.
Revenue from services is recognised as they are delivered.

##### Employee benefits

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

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs | 5 years straight line

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery | 20 % reducing balance
Vehicles | 20 % reducing balance
Fixtures and fittings | 20 % reducing balance
Computer equipment | 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 22 |  | 32

#### 3. Intangible assets

| Website costs |  | Total
| £ |  | £
Cost |  |  |
At 01 December 2024 | 0 |  | 0
Additions | 15,320 |  | 15,320
At 30 November 2025 | 15,320 |  | 15,320
Accumulated amortisation |  |  |
At 01 December 2024 | 0 |  | 0
Charge for the financial year | 511 |  | 511
At 30 November 2025 | 511 |  | 511
Net book value |  |  |
At 30 November 2025 | 14,809 |  | 14,809
At 30 November 2024 | 0 |  | 0

#### 4. Tangible assets

| Plant and machinery |  | Vehicles |  | Fixtures and fittings |  | Computer equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 01 December 2024 | 19,090 |  | 49,531 |  | 217,340 |  | 47,669 |  | 333,630
Additions | 19,520 |  | 35,157 |  | 10,769 |  | 4,027 |  | 69,473
Disposals | 0 |  | ( 17,146) |  | 0 |  | 0 |  | ( 17,146)
At 30 November 2025 | 38,610 |  | 67,542 |  | 228,109 |  | 51,696 |  | 385,957
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 01 December 2024 | 6,240 |  | 33,301 |  | 190,404 |  | 44,204 |  | 274,149
Charge for the financial year | 4,355 |  | 7,396 |  | 6,529 |  | 2,728 |  | 21,008
Disposals | 0 |  | ( 11,528) |  | 0 |  | 0 |  | ( 11,528)
At 30 November 2025 | 10,595 |  | 29,169 |  | 196,933 |  | 46,932 |  | 283,629
Net book value |  |  |  |  |  |  |  |  |
At 30 November 2025 | 28,015 |  | 38,373 |  | 31,176 |  | 4,764 |  | 102,328
At 30 November 2024 | 12,850 |  | 16,230 |  | 26,936 |  | 3,465 |  | 59,481

#### 5. Stocks

| 2025 |  | 2024
| £ |  | £
Stocks | 639,343 |  | 446,530

#### 6. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 4,453 |  | 1,496
Other debtors | 551,284 |  | 766,005
| 555,737 |  | 767,501

#### 7. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 49,902 |  | 37,683
Taxation and social security | 84,401 |  | 71,125
Obligations under finance leases and hire purchase contracts (secured) | 11,476 |  | 0
Other creditors | 32,317 |  | 81,755
| 178,096 |  | 190,563

#### 8. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Obligations under finance leases and hire purchase contracts (secured) | 23,190 |  | 0
Other creditors | 200,000 |  | 300,000
| 223,190 |  | 300,000

Hire purchase agreements are secured on the assets to which they relate.

#### 9. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
200 Ordinary shares of £ 1.00 each | 200 |  | 200