REGISTERED NUMBER: 03683351 (England and Wales)

MOULTON BULB IMPORTS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

6

DIRECTORS:

R H Oldershaw Snr

D J Grimwood

P A Grierson

SECRETARY:

R H Oldershaw Snr

REGISTERED OFFICE:

Long Lane

Moulton

Spalding

Lincolnshire

PE12 6PP

REGISTERED NUMBER:

03683351 (England and Wales)

AUDITORS:

Duncan & Toplis Audit Limited, Statutory Auditor

Enterprise Way

Pinchbeck

Spalding

Lincolnshire

PE11 3YR

FIXED ASSETS

Tangible assets

4

69,530

85,044

CURRENT ASSETS

Stocks

5

7,520

2,517

Debtors

6

1,672,001

817,238

Cash at bank and in hand

586,831

695,004

2,266,352

1,514,759

CREDITORS

Amounts falling due within one year

7

1,225,748

592,970

NET CURRENT ASSETS

1,040,604

921,789

TOTAL ASSETS LESS CURRENT LIABILITIES

1,110,134

1,006,833

CREDITORS

Amounts falling due after more than one year

8

6,512

22,759

NET ASSETS

1,103,622

984,074

CAPITAL AND RESERVES

Called up share capital

11

51,000

51,000

Retained earnings

1,052,622

933,074

SHAREHOLDERS' FUNDS

1,103,622

984,074

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved the Board of Directors and authorised for issue on 14 May 2026 and were signed on its behalf by:

D J Grimwood - Director

1.	STATUTORY INFORMATION

Moulton Bulb Imports Limited is a private company, limited by shares, registered in England. 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with the parent company.

Turnover

Turnover is the total amount receivable by the company for goods supplied and services provided, excluding VAT. Revenue from the sale of goods and services is recognised when significant risks and benefits of ownership of the product have transferred to the buyer.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and after making due allowance for obsolete and slow moving items.

Financial instruments

The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. 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 the income statement.

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. Accounts 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 October 2024

57,050

103,125

160,175

Additions

8,366

-

8,366

Disposals

(8,930

)

-

(8,930

)

At 30 September 2025

56,486

103,125

159,611

DEPRECIATION

At 1 October 2024

52,320

22,811

75,131

Charge for year

1,678

20,078

21,756

Eliminated on disposal

(6,806

)

-

(6,806

)

At 30 September 2025

47,192

42,889

90,081

NET BOOK VALUE

At 30 September 2025

9,294

60,236

69,530

At 30 September 2024

4,730

80,314

85,044

5.

STOCKS

2025

2024

£

£

Raw materials

7,520

2,517

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,586,988

801,909

Amounts owed by group undertakings

52,783

-

Other debtors

-

3,614

VAT

23,209

3,776

Prepayments and accrued income

9,021

7,939

1,672,001

817,238

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

16,246

18,177

Trade creditors

1,043,579

452,778

Amounts owed to group undertakings

-

8,853

Taxation

49,871

21,489

Other taxes and social security

12,783

11,890

Other creditors

16,302

39,977

Accruals and deferred income

86,967

39,806

1,225,748

592,970

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

6,512

22,759

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

16,246

18,177

Between one and five years

6,512

22,759

22,758

40,936

Non-cancellable

operating leases

2025

2024

£

£

Within one year

6,500

19,500

Between one and five years

-

6,500

6,500

26,000

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

22,758

40,936

All current and future assets of the company are subject to a fixed and floating charge in favour of Natwest Bank plc dated 1 April 1999.

The finance lease and hire purchase liabilities are secured on the relevant assets.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

34,000

Ordinary 'A'

£1

34,000

34,000

17,000

Ordinary 'B'

£1

17,000

17,000

51,000

51,000

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Sally-Anne Hurn FCA (Senior Statutory Auditor)

for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor

13.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date, the company had outstanding currency option deals of a sterling equivalent to a maximum of £897,604 (2024: £678,406). This is in respect of forward contracts in euros purchased as a hedge against fluctuations in currency.

14.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the prior year the company made a loan to a director which had not fully been repaid by the year end. No interest was charged on this loan. The balance outstanding at the year end was £nil (2024 - £3,604).

15.	ULTIMATE CONTROLLING PARTY

The company is a subsidiary of Moulton Bulb Company Limited. Group accounts are prepared at this level and can be obtained from the registered office.