Growers Direct Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10437606

Growers Direct Limited

Filleted Unaudited Financial Statements

31 December 2025

Growers Direct Limited

Financial Statements

Year ended 31 December 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Growers Direct Limited

Statement of Financial Position

31 December 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	6	11,404	12,192
Investments	7	65	65
		--------	--------
		11,469	12,257

Current assets

Stocks		244,340	265,305
Debtors	8	1,311,869	1,530,260
Cash at bank and in hand		364,599	606,075
		------------	------------
		1,920,808	2,401,640

Creditors: amounts falling due within one year	9	1,299,962	1,817,097
		------------	------------
Net current assets		620,846	584,543
		---------	---------
Total assets less current liabilities		632,315	596,800

Provisions	( 12,063)	( 13,103)
	---------	---------
Net assets	644,378	609,903
	---------	---------

Capital and reserves

Called up share capital	10	10
Profit and loss account	644,368	609,893
	---------	---------
Shareholders funds	644,378	609,903
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Growers Direct Limited

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 1 June 2026 , and are signed on behalf of the board by:

Mr P F Broadhurst	Mr S J Maxwell
Director	Director

Mr D C Pratt	Mr A Harding
Director	Director

Company registration number: 10437606

Growers Direct Limited

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Office 11, Boston College Spalding Campus, Red Lion Street, Spalding, Lincolnshire, PE11 1SX, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, stated net of discounts and Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	100% in year of acquisition

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	33% straight line
Equipment	-	33% straight line

Mobile phones are included as fixed assets in equipment but are depreciated using the straight line method at a rate of 50%. All other equipment is depreciated at 33% straight line.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 15 (2024: 15 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 January 2025 and 31 December 2025	5,600
	-------
Amortisation
At 1 January 2025 and 31 December 2025	5,600
	-------
Carrying amount
At 31 December 2025	–
	-------
At 31 December 2024	–
	-------

6. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 January 2025	17,513	27,509	45,022
Additions	–	7,250	7,250
Disposals	–	( 7,138)	( 7,138)
	--------	--------	--------
At 31 December 2025	17,513	27,621	45,134
	--------	--------	--------
Depreciation
At 1 January 2025	11,263	21,567	32,830
Charge for the year	2,918	4,721	7,639
Disposals	–	( 6,739)	( 6,739)
	--------	--------	--------
At 31 December 2025	14,181	19,549	33,730
	--------	--------	--------
Carrying amount
At 31 December 2025	3,332	8,072	11,404
	--------	--------	--------
At 31 December 2024	6,250	5,942	12,192
	--------	--------	--------

7. Investments

	Shares in group undertakings
	£
Cost
At 1 January 2025 and 31 December 2025	65
	----
Impairment
At 1 January 2025 and 31 December 2025	–
	----

Carrying amount
At 31 December 2025	65
	----
At 31 December 2024	65
	----

8. Debtors

	2025	2024
	£	£
Trade debtors	1,268,852	1,296,463
Amounts owed by group undertakings and undertakings in which the company has a participating interest	7,472	186,287
Other debtors	35,545	47,510
	------------	------------
	1,311,869	1,530,260
	------------	------------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	911,146	1,494,449
Corporation tax	95,103	83,513
Social security and other taxes	27,102	24,415
Other creditors	266,611	214,720
	------------	------------
	1,299,962	1,817,097
	------------	------------

The company has a bank overdraft which is secured by means of a fixed and floating debenture over the assets of the company.

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	26,254	37,669
Later than 1 year and not later than 5 years	14,412	53,012
	--------	--------
	40,666	90,681
	--------	--------

11. Related party transactions

At the year end, the company was owed £7,472 (2024: £186,287) by a subsidiary. At year end, trade debtors included £nil (2024: £272) due from group undertakings and trade creditors included £333,161 (2024: £339,994) due to group undertakings.