Company registration number 01558658 (England and Wales)
EQUINE PRODUCTS U.K. LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
EQUINE PRODUCTS U.K. LIMITED
CONTENTS
Page
Statement of financial position
1
Statement of changes in equity
2
Notes to the financial statements
3 - 10
EQUINE PRODUCTS U.K. LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
4,722
4,722
Tangible assets
4
191,701
132,986
196,423
137,708
Current assets
Stocks
1,039,814
926,127
Debtors
5
1,604,620
1,276,391
Cash at bank and in hand
164,535
326,817
2,808,969
2,529,335
Creditors: amounts falling due within one year
6
(498,278)
(172,046)
Net current assets
2,310,691
2,357,289
Total assets less current liabilities
2,507,114
2,494,997
Creditors: amounts falling due after more than one year
7
(99,941)
(49,466)
Provisions for liabilities
(23,155)
-
0
Net assets
2,384,018
2,445,531
Capital and reserves
Called up share capital
191,242
191,242
Capital redemption reserve
21,248
21,248
Profit and loss reserves
2,171,528
2,233,041
Total equity
2,384,018
2,445,531

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

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 5 May 2026 and are signed on its behalf by:
E Kelly
J Santens
Director
Director
Company registration number 01558658 (England and Wales)
EQUINE PRODUCTS U.K. LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
Share capital
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 January 2024
191,242
21,248
2,652,559
2,865,049
Year ended 31 December 2024:
Profit and total comprehensive income
-
-
180,482
180,482
Dividends
-
-
(600,000)
(600,000)
Balance at 31 December 2024
191,242
21,248
2,233,041
2,445,531
Year ended 31 December 2025:
Loss and total comprehensive income
-
-
(61,513)
(61,513)
Balance at 31 December 2025
191,242
21,248
2,171,528
2,384,018
EQUINE PRODUCTS U.K. LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

Equine Products U.K. Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 8, Gateway West, Newburn Riverside, Newburn, Newcastle upon Tyne, NE15 8NX.

1.1
Accounting convention

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 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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. 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
Turnover

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.

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
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation 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:

Trademarks
No amortisation provided
EQUINE PRODUCTS U.K. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.5
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.

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:

Alterations to leasehold property
Over the term of the lease
Fixtures and fittings
15% straight line
Motor vehicles
25% reducing balance

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.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible 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.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
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.

EQUINE PRODUCTS U.K. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
1.8
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.

1.9
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 statement of financial position 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.

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.

1.10
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.

1.11
Taxation

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

EQUINE PRODUCTS U.K. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 6 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement 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 income statement, 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.

1.12
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.

1.13
Retirement benefits

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

1.14
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 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 statement of financial position as a finance lease 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.

EQUINE PRODUCTS U.K. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year to 31 December 2023 was:

2025
2024
Number
Number
Total
15
14
3
Intangible fixed assets
Trademarks
£
Cost
At 1 January 2025 and 31 December 2025
4,722
Amortisation and impairment
At 1 January 2025 and 31 December 2025
-
0
Carrying amount
At 31 December 2025
4,722
At 31 December 2024
4,722
4
Tangible fixed assets
Alterations to leasehold property
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 January 2025
116,423
99,368
140,932
356,723
Additions
4,150
24,249
91,403
119,802
Disposals
-
0
-
0
(32,207)
(32,207)
At 31 December 2025
120,573
123,617
200,128
444,318
Depreciation and impairment
At 1 January 2025
94,959
73,951
54,827
223,737
Depreciation charged in the year
6,577
9,457
36,331
52,365
Eliminated in respect of disposals
-
0
-
0
(23,485)
(23,485)
At 31 December 2025
101,536
83,408
67,673
252,617
Carrying amount
At 31 December 2025
19,037
40,209
132,455
191,701
At 31 December 2024
21,464
25,417
86,105
132,986
EQUINE PRODUCTS U.K. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,470,967
1,203,285
Corporation tax recoverable
66,127
-
0
Other debtors
67,526
70,630
1,604,620
1,273,915
Deferred tax asset
-
0
2,476
1,604,620
1,276,391

Included within trade receivables are balances due from related undertakings amounting to £35,736 (2024: £62,488)

6
Creditors: amounts falling due within one year
2025
2024
£
£
Obligations under finance leases
8
11,522
5,668
Trade creditors
419,949
108,163
Corporation tax
-
0
13,488
Other taxation and social security
45,794
26,714
Accruals and deferred income
21,013
18,013
498,278
172,046

Included within trade payables are balances due to related undertakings amounting to £407,420 (2024: £97,014).

7
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Obligations under finance leases
8
99,941
49,466
8
Finance lease obligations
2025
2024
Future minimum lease payments due under finance leases:
£
£
Within one year
11,522
5,668
In two to five years
99,941
49,466
111,463
55,134
EQUINE PRODUCTS U.K. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
8
Finance lease obligations
(Continued)
- 9 -

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

9
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its loss 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.

Senior Statutory Auditor:
Ronan Harboune
Statutory Auditor:
BDO Ireland
Date of audit report:
5 May 2026
10
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
272,066
315,641
11
Events after the reporting date

At 31 December 2025 there was some conflict in the Middle East involving Iran, Israel, and other nations. However, it did not exist at the scale or intensity which has been observed in early 2026. Management has identified several areas of potential risk due to the ongoing conflict, including increased volatility in energy prices and supply chain disruptions. At the date of signing these financial statements it is not possible to reliably estimate the financial impact of the results of the Company into 2026 but the directors are confident any potential impact can be managed by the gains expected from new revenue streams in different markets.

12
Related party transactions

The company has adopted the exemptions available in section 33.1A of FRS102 not to disclose transactions with other members of the Equine Care Group.

EQUINE PRODUCTS U.K. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 10 -
13
Parent company

During the prior period, ECG N&S Ireland Ltd acquired 100% of the issued ordinary share capital of the company.

The company's immediate parent is ECG N&S Ireland LIMITED LTD, incorporated in Ireland. The company's ultimate parent is ECG International BV, incorporated in Belgium.

The ultimate controlling party is Cédric Frère based on the control he exercises over ECG International BV.

2025-12-31 2025-01-01 false false false 05 May 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity R Masterson T Marien E Kelly J Santens 01558658 2025-01-01 2025-12-31 01558658 2025-12-31 01558658 2024-12-31 01558658 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2025-12-31 01558658 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-12-31 01558658 core:LeaseholdImprovements 2025-12-31 01558658 core:FurnitureFittings 2025-12-31 01558658 core:MotorVehicles 2025-12-31 01558658 core:LeaseholdImprovements 2024-12-31 01558658 core:FurnitureFittings 2024-12-31 01558658 core:MotorVehicles 2024-12-31 01558658 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 01558658 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 01558658 core:WithinOneYear 2025-12-31 01558658 core:WithinOneYear 2024-12-31 01558658 core:AfterOneYear 2025-12-31 01558658 core:AfterOneYear 2024-12-31 01558658 core:ShareCapital 2025-12-31 01558658 core:ShareCapital 2024-12-31 01558658 core:CapitalRedemptionReserve 2025-12-31 01558658 core:CapitalRedemptionReserve 2024-12-31 01558658 core:RetainedEarningsAccumulatedLosses 2025-12-31 01558658 core:RetainedEarningsAccumulatedLosses 2024-12-31 01558658 core:ShareCapital 2023-12-31 01558658 core:CapitalRedemptionReserve 2023-12-31 01558658 core:RetainedEarningsAccumulatedLosses 2023-12-31 01558658 bus:Director3 2025-01-01 2025-12-31 01558658 bus:Director4 2025-01-01 2025-12-31 01558658 core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 01558658 2024-01-01 2024-12-31 01558658 core:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 01558658 core:IntangibleAssetsOtherThanGoodwill 2025-01-01 2025-12-31 01558658 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2025-01-01 2025-12-31 01558658 core:LeaseholdImprovements 2025-01-01 2025-12-31 01558658 core:FurnitureFittings 2025-01-01 2025-12-31 01558658 core:MotorVehicles 2025-01-01 2025-12-31 01558658 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-12-31 01558658 core:LeaseholdImprovements 2024-12-31 01558658 core:FurnitureFittings 2024-12-31 01558658 core:MotorVehicles 2024-12-31 01558658 2024-12-31 01558658 core:CurrentFinancialInstruments 2025-12-31 01558658 core:CurrentFinancialInstruments 2024-12-31 01558658 core:Non-currentFinancialInstruments core:AfterOneYear 2025-12-31 01558658 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 01558658 core:BetweenTwoFiveYears 2025-12-31 01558658 core:BetweenTwoFiveYears 2024-12-31 01558658 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 01558658 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 01558658 bus:FRS102 2025-01-01 2025-12-31 01558658 bus:Audited 2025-01-01 2025-12-31 01558658 bus:Director1 2025-01-01 2025-12-31 01558658 bus:Director2 2025-01-01 2025-12-31 01558658 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP