ACCOUNTS - Final Accounts preparation

Registered number: 03378810

FLORA-TEC LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 SEPTEMBER 2025

FLORA-TEC LIMITED

REGISTERED NUMBER: 03378810

BALANCE SHEET

AS AT 30 SEPTEMBER 2025

		30 September		As restated 30 June
		2025		2024
Note		£		£

Fixed assets
Intangible assets	4		13,224		20,993
Tangible assets	5		1,059,729		1,007,241
			1,072,953		1,028,234
Current assets
Stocks	6	52,564		42,270
Debtors: amounts falling due within one year	7	1,293,552		1,490,113
Cash at bank and in hand	8	430,695		45,406
		1,776,811		1,577,789
Creditors: amounts falling due within one year	9	(1,605,768)		(1,812,164)
Net current assets/(liabilities)			171,043		(234,375)
Total assets less current liabilities			1,243,996		793,859
Creditors: amounts falling due after more than one year	10		(387,364)		(509,126)
Provisions for liabilities
Deferred tax	12	(82,237)		(71,760)
			(82,237)		(71,760)
Net assets			774,395		212,973

Capital and reserves
Called up share capital	13		1,000		1,000
Profit and loss account			773,395		211,973
			774,395		212,973

Page 1

FLORA-TEC LIMITED

REGISTERED NUMBER: 03378810

BALANCE SHEET (CONTINUED)

AS AT 30 SEPTEMBER 2025

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

R Smeaton

Director

Date: 18 May 2026

The notes on pages 3 to 12 form part of these financial statements.

Page 2

FLORA-TEC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2025

1.	General information

The Company is a private company limited by share capital and incorporated in England and Wales registered number (03378810) under the Companies Act. The address of the principal place of business is Unit 1 Unwins Farm, Cottenham Rd, Cambridge, CB24 9ES.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Revenue

Turnover comprises revenue recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax.

Turnover relating to service contracts is recognised when the service is carried out with any income received in advance deferred and recognised in line with the percentage completion of the contract.

Turnover relating to rentals is recognised when the income falls due in line with the contract.

2.3

Operating leases

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

2.4

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

Page 3

FLORA-TEC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.8

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.9

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of comprehensive income over its useful economic life.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4

FLORA-TEC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

				Plant and machinery	-	15% reducing balance or straight line over lifetime of the lease
				Motor vehicles	-	25% straight line
				Office equipment	-	15% reducing balance
				Assets for rental to customers	-	20-33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

FLORA-TEC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3.

Employees

The average monthly number of employees, including directors, during the period was 89 (2024 - 94).

4.	Intangible assets

		Goodwill
		£
	Cost
	At 1 July 2024	465,099
	At 30 September 2025	465,099
	Amortisation
	At 1 July 2024	444,106
	Charge for the period	7,769
	At 30 September 2025	451,875
	Net book value
	At 30 September 2025	13,224
	At 30 June 2024	20,993

Page 6


		FLORA-TEC LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2025

5.

Tangible fixed assets

		Plant and machinery	Motor vehicles	Right of use assets	Office equipment	Assets for rental to customers	Total
		£	£	£	£	£	£
	Cost or valuation
	At 1 July 2024 (as restated)	1,370,206	220,874	850,303	167,766	549,524	3,158,673
	Additions	59,672	892	323,230	1,825	53,156	438,775
	Disposals	-	(18,778)	-	-	-	(18,778)
	At 30 September 2025	1,429,878	202,988	1,173,533	169,591	602,680	3,578,670
	Depreciation
	At 1 July 2024 (as restated)	1,108,226	205,884	217,166	140,549	479,607	2,151,432
	Charge for the period	55,222	4,680	-	5,295	51,320	116,517
	Charge for the period on financed assets	-	-	262,622	-	-	262,622
	Disposals	-	(11,630)	-	-	-	(11,630)
	At 30 September 2025	1,163,448	198,934	479,788	145,844	530,927	2,518,941
	Net book value
	At 30 September 2025	266,430	4,054	693,745	23,747	71,753	1,059,729
	At 30 June 2024 (as restated)	261,980	14,990	633,137	27,217	69,917	1,007,241

Page 7

FLORA-TEC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2025

6.	Stocks
					30 September	As restated 30 June
					2025	2024
					£	£

	Raw materials and consumables	35,363	34,827
	Work in progress (goods to be sold)	17,201	7,443
		52,564	42,270

7.

Debtors

					30 September	As restated 30 June
					2025	2024
					£	£

	Trade debtors	1,018,274	1,311,738
	Amounts owed by group undertakings	4,822	-
	Other debtors	950	8,833
	Prepayments and accrued income	269,506	169,542
		1,293,552	1,490,113

8.	Cash and cash equivalents
					30 September	30 June
					2025	2024
					£	£

	Cash at bank and in hand	430,695	45,406

Page 8

FLORA-TEC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2025

9.	Creditors: Amounts falling due within one year
					30 September	As restated 30 June
					2025	2024
					£	£

	Bank loans	-	587,171
	Trade creditors	551,241	651,703
	Amounts owed to group undertakings	328,825	-
	Corporation tax	193,396	45,756
	Other taxation and social security	181,803	140,826
	Obligations under finance lease and hire purchase contracts	246,005	241,250
	Other creditors	18,090	14,356
	Accruals and deferred income	86,408	131,102
		1,605,768	1,812,164

10.	Creditors: Amounts falling due after more than one year
					30 September	As restated 30 June
					2025	2024
					£	£

	Bank loans	-	42,842
	Net obligations under finance leases and hire purchase contracts	387,364	448,170
	Other creditors	-	18,114
		387,364	509,126

Page 9

FLORA-TEC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2025

11.	Loans
	Analysis of the maturity of loans is given below:
					30 September	30 June
					2025	2024
					£	£

	Amounts falling due within one year
	Bank loans	-	587,171
		-	587,171
	Amounts falling due 1-2 years
	Bank loans	-	30,977
		-	30,977
	Amounts falling due 2-5 years
	Bank loans	-	11,865
		-	11,865

		-	630,013

Page 10

FLORA-TEC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2025

12.	Deferred taxation

		2025
		£
	At beginning of period	(71,760)
	Charged to profit or loss	(10,477)
	At end of period	(82,237)

	The provision for deferred taxation is made up as follows:
					30 September	30 June
					2025	2024
					£	£

	Accelerated capital allowances	(83,709)	(71,760)
	Short term timing differences	1,472	-
		(82,237)	(71,760)

13.	Share capital
					30 September	30 June
					2025	2024
					£	£

		Allotted, called up and fully paid

		1 (2024 - 1) Ordinary share of £1,000.00	1,000	1,000

14.	Prior year adjustments

A prior year adjustment has been made to correct the classification of certain assets that were previously included within stock. These items were determined to meet the definition of fixed assets and have therefore been reclassified as other fixed assets. Depreciation that should have been recognised in prior periods has also been recorded retrospectively. The adjustment has reduced opening stock as at 1 July 2024 by £378,502 increased fixed assets by £69,916, reduced the profit for the year ended 30 June 2024 by £48,129 and adjusted opening reserves by £260,457.

A prior year adjustment has also been made to correctly account for finance leases that were previously included as operating leases. The adjustment has increased net assets as at 30 June 2024 by £44,200, adjusted opening reserves by £45,525 decreased the profit for the year ended 30 June 2024 by £1,324.

Page 11

FLORA-TEC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2025

15.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £79,266 (2024: £65,785) . Contributions totalling £14,700 (2024: £11,927) were payable to the fund at the balance sheet date and are included in creditors.

16.

Guarentee

The company is a guarantor to the debt of a group company Cedrus Midco Limited.

17.	Controlling party

The Company's immediate parent undertaking is OUTCO Bidco Limited, a company incorporated in the UK whose registered office is C/O James Cowper Kreston 3rd Floor, Apex, Forbury Road, Reading, Berkshire, England, RG1 1AX. The smallest and largest group for which consolidated financial statements are prepared is OUTCO Holdings Limited. Copies of the Group accounts can be obtained from the registered office.

The ultimate parent company is is Cedrus Topco Limited (Company Registration Number 16553145, Registered Office: C/O James Cowper Kreston 3rd Floor, Apex, Forbury Road, Reading, Berkshire, England, RG1 1AX) and there is no single ultimate controlling party.

18.	Auditors' information

The auditors' report on the financial statements for the period ended 30 September 2025 was unqualified.

The audit report was signed on 19 May 2026 by Alan Poole BA(Hons) FCA (Senior statutory auditor) on behalf of James Cowper Kreston Audit.

Page 12