REGISTERED NUMBER: 02548017 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

FOR

PRO-VEG SEEDS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A P Bennett

K E Burrows

REGISTERED OFFICE:

Unit 24, Cambridgeshire Business Park

Babraham Road

Sawston

Cambridge

CB22 3JH

REGISTERED NUMBER:

02548017 (England and Wales)

ACCOUNTANTS:

Prentis & Co LLP

Chartered Accountants

115c Milton Road

Cambridge

CB4 1XE

FIXED ASSETS

Tangible assets

4

21,949

22,902

CURRENT ASSETS

Stocks

923,949

808,581

Debtors

5

334,504

379,623

Cash at bank

133,605

158,231

1,392,058

1,346,435

CREDITORS

Amounts falling due within one year

6

177,997

229,855

NET CURRENT ASSETS

1,214,061

1,116,580

TOTAL ASSETS LESS CURRENT LIABILITIES

1,236,010

1,139,482

PROVISIONS FOR LIABILITIES

5,487

5,725

NET ASSETS

1,230,523

1,133,757

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,230,423

1,133,657

SHAREHOLDERS' FUNDS

1,230,523

1,133,757

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

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

The directors acknowledge their responsibilities for:

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

(b)

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

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 April 2026 and were signed on its behalf by:

K E Burrows - Director

A P Bennett - Director

1.	STATUTORY INFORMATION

Pro-Veg Seeds Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

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

Tangible fixed assets

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

Property improvement

-

20% on cost

Plant and machinery

-

15% on cost

Fixtures and fittings

-

10% on cost

Tools and equipment

-

25% on cost

Software and computers

-

33% on cost

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Property

Plant and

and

improvement

machinery

fittings

£

£

£

COST

At 1 August 2024

9,312

36,278

30,056

Additions

-

-

3,329

At 31 July 2025

9,312

36,278

33,385

DEPRECIATION

At 1 August 2024

9,312

23,065

29,108

Charge for year

-

2,810

322

At 31 July 2025

9,312

25,875

29,430

NET BOOK VALUE

At 31 July 2025

-

10,403

3,955

At 31 July 2024

-

13,213

948

Software

Tools and

and

equipment

computers

Totals

£

£

£

COST

At 1 August 2024

82,603

51,767

210,016

Additions

-

1,431

4,760

At 31 July 2025

82,603

53,198

214,776

DEPRECIATION

At 1 August 2024

75,514

50,115

187,114

Charge for year

2,422

159

5,713

At 31 July 2025

77,936

50,274

192,827

NET BOOK VALUE

At 31 July 2025

4,667

2,924

21,949

At 31 July 2024

7,089

1,652

22,902

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

298,863

334,651

VAT

10,817

9,996

Prepayments

24,824

34,976

334,504

379,623

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

122,723

106,008

Tax

18,593

38,915

Social security and other taxes

3,449

5,814

Other creditors

559

-

Directors' current accounts

5,010

5,010

Accruals and deferred income

27,663

74,108

177,997

229,855

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is K E Burrows.