Gordano Support Group Limited

Strategic Report for the Year Ended 30 September 2025

The directors present their strategic report for the year ended 30 September 2025.

Principal activity

The principal activity of the company is the provision of packaging, logistics, warehousing and related services.

Fair review of the business

The results for the year and financial position of the company are as shown in the annexed financial statements.

The directors are pleased to report that the year ended 30 September 2025 has seen a resilient set of financial results with a sustained profit and growth in certain areas of the business against a backdrop of geopolitical and macroeconomic factors that have provided challenges and slowed some anticipated growth in certain markets.

Despite a challenging business environment the company has, through the commitment and hard work of our people, been able to mitigate the impacts of these aforementioned macro forces coupled with various micro factors including the instability of material and component costs, supply chain issues, and the continued inflationary impacts within the UK economy, as they have arisen. We have continued our commitment to our investment programs in people, new production methodology, machinery and technology, along with improvements in new business developments, allowing us to capitalise on opportunities.

The company's financial KPls are turnover, gross profits and gross profit margin, as reflected in the financial statements and these will continue to be the focus in the coming year along with our commitment to a new 5-year growth strategy.

Turnover in the year of £12,518,017, showed an increase of 10.37% on the prior year (2024 - £11,341,887). The company has reported gross profits of £3,982,166 (2024: £3,686,398) and achieved gross profit margins of 31.81% (2024: 32.50%).

Following the year end, the company has continued to increase activity levels, controlling costs, increasing sales, and working to mitigate the further impacts we are experiencing in terms of inflationary pressures. Due to these continued efforts, it is anticipated that the company will report an improvement in profitability for the year ending 30 September 2026.

Gordano Support Group Limited

Strategic Report for the Year Ended 30 September 2025 (continued)

Financial instruments and risk review

The company's financial instruments comprise of cash at bank, overdrafts and bank loans. The main purpose of these financial instruments is to raise adequate finance for the company's operations.

The main risks arising from the company's financial instruments are interest rate fluctuations and liquidity risk. It is the company's policy to finance its operations through a mixture of cash and borrowings and to review periodically the mix of these instruments with regard to the projected cashflow requirements of the company and an acceptable level of risk exposure

Approved and authorised by the Board on 22 June 2026 and signed on its behalf by:
 

......................................... J E Bull Director

Gordano Support Group Limited

Directors' Report for the Year Ended 30 September 2025

The directors present their report and the financial statements for the year ended 30 September 2025.

Directors of the company

The directors who held office during the year were as follows:

M J Bull (ceased 19 February 2025)

J E Bull

N J Bull

L S Selwyn (appointed 22 November 2024)

C Skuse

T J Patch

P J Roberts (appointed 3 February 2025)

Information included in the Strategic Report

In accordance with section 414C(11) of the Companies Act 2006 and schedule 7 of the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 the company has elected to present the business review and details of the principal risks and uncertainties within the strategic report.

Future developments

The company plans to continue with its policy of investing in new equipment to enable greater automation and advanced levels of efficiencies and effectiveness within the production processes of the business.

In understanding its environmental responsibilities, the company is also striving to promote continual improvements and efficiencies regarding material usage and the associated requirement of keeping wastage levels to a minimum.

Disclosure of information to the auditors

Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.

Approved and authorised by the Board on 22 June 2026 and signed on its behalf by:
 

......................................... J E Bull Director

Gordano Support Group Limited

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

•	select suitable accounting policies and apply them consistently;

•	make judgements and accounting estimates that are reasonable and prudent;

•	state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

•	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Gordano Support Group Limited

Independent Auditor's Report to the Members of Gordano Support Group Limited

Opinion

We have audited the financial statements of Gordano Support Group Limited (the 'company') for the year ended 30 September 2025, which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies.

The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

•	give a true and fair view of the state of the company's affairs as at 30 September 2025 and of its profit 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.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Gordano Support Group Limited

Independent Auditor's Report to the Members of Gordano Support Group Limited (continued)

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

•	the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

•	the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

•	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
•	the financial statements are not in agreement with the accounting records and returns; or
•	certain disclosures of directors' remuneration specified by law are not made; or
•	we have not received all the information and explanations we require for our audit.

Gordano Support Group Limited

Independent Auditor's Report to the Members of Gordano Support Group Limited (continued)

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities [set out on page 5], the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor Responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Gordano Support Group Limited

Independent Auditor's Report to the Members of Gordano Support Group Limited (continued)

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

	Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.
	Based on our understanding of the company and its industry, we considered that non-compliance with the following laws and regulations might have a material effect on the financial statements employment regulation, health and safety regulation, anti-money laundering regulation.
	To help us identify instances of non-compliance with these laws and regulations, and in identifying and assessing the risks of material misstatement in respect to non-compliance, our procedures included, but were not limited to:
•	Inquiring of management and, where appropriate, those charged with governance, as to whether the company is in compliance with laws and regulations, and discussing their policies and procedures regarding compliance with laws and regulations;
•	Inspecting correspondence, if any, with relevant licensing or regulatory authorities;
•	Communicating identified laws and regulations to the engagement team and remaining alert to any indications of non-compliance throughout our audit; and
•	Considering the risk of acts by the company which were contrary to applicable laws and regulations, including fraud.
	We also considered those laws and regulations that have a direct effect on the preparation of the financial statements, such as tax legislation, pension legislation, the Companies Act 2006.
	In addition, we evaluated the directors’ and management’s incentives and opportunities for fraudulent manipulation of the financial statements, including the risk of management override of controls, and determined that the principal risks related to posting manual journal entries to manipulate financial performance, management bias through judgements and assumptions in significant accounting estimates, revenue recognition (which we pinpointed to the cut-off assertion), and significant one-off or unusual transactions.
	Our audit procedures in relation to fraud included but were not limited to:
•	Making enquiries of the directors and management on whether they had knowledge of any actual, suspected or alleged fraud;
•	Gaining an understanding of the internal controls established to mitigate risks related to fraud;
•	Discussing amongst the engagement team the risks of fraud; and
•	Addressing the risks of fraud through management override of controls by performing journal entry testing.
	There are inherent limitations in the audit procedures described above and the primary responsibility for the prevention and detection of irregularities including fraud rests with management. As with any audit, there remained a risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal controls.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Gordano Support Group Limited

Independent Auditor's Report to the Members of Gordano Support Group Limited (continued)

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

......................................
Jonathan Marchant (Senior Statutory Auditor)
For and on behalf of Forvis Mazars LLP
Chartered Accountants and Statutory Auditor

8th Floor
Assembly Building C
Cheese Lane
Bristol
BS2 0JJ

23 June 2026

Gordano Support Group Limited

Profit and Loss Account for the Year Ended 30 September 2025

	Note	2025 £	2024 £
Turnover	3	12,518,017	11,341,887
Cost of sales		(8,535,851)	(7,655,489)
Gross profit		3,982,166	3,686,398
Distribution costs		(393,311)	(346,145)
Administrative expenses		(3,269,245)	(3,132,679)
Operating profit	5	319,610	207,574
Other interest receivable and similar income	6	5,200	7,244
Interest payable and similar expenses	7	(105,534)	(120,225)
		(100,334)	(112,981)
Profit before tax		219,276	94,593
Tax on profit	11	(72,977)	(42,331)
Profit for the financial year		146,299	52,262

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Gordano Support Group Limited

Statement of Comprehensive Income for the Year Ended 30 September 2025

	2025 £	2024 £
Profit for the year	146,299	52,262
Total comprehensive income for the year	146,299	52,262

Gordano Support Group Limited

(Registration number: 02637971)
Balance Sheet as at 30 September 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	12	2,970,330	3,074,134
Investments	13	250	250
		2,970,580	3,074,384
Current assets
Stocks	14	1,421,291	1,226,380
Debtors	15	3,320,864	2,963,921
Cash at bank and in hand	16	48,880	32,589
		4,791,035	4,222,890
Creditors: Amounts falling due within one year	17	(4,020,556)	(3,498,013)
Net current assets		770,479	724,877
Total assets less current liabilities		3,741,059	3,799,261
Creditors: Amounts falling due after more than one year	17	(159,359)	(304,068)
Provisions for liabilities	18	(233,059)	(242,851)
Net assets		3,348,641	3,252,342
Capital and reserves
Called up share capital	20	14,689	14,689
Capital redemption reserve		5,311	5,311
Revaluation reserve		973,631	973,631
Retained earnings		2,355,010	2,258,711
Shareholders' funds		3,348,641	3,252,342

Approved and authorised by the Board on 22 June 2026 and signed on its behalf by:
 

......................................... J E Bull Director

Gordano Support Group Limited

Statement of Changes in Equity for the Year Ended 30 September 2025

	Share capital £	Capital redemption reserve £	Revaluation reserve £	Retained earnings £
At 1 October 2024	14,689	5,311	973,631	2,258,711
Profit for the year	-	-	-	146,299
Dividends	-	-	-	(50,000)
At 30 September 2025	14,689	5,311	973,631	2,355,010

	Total £
At 1 October 2024	3,252,342
Profit for the year	146,299
Dividends	(50,000)
At 30 September 2025	3,348,641

	Share capital £	Capital redemption reserve £	Revaluation reserve £	Retained earnings £
At 1 October 2023	14,689	5,311	989,459	2,220,621
Profit for the year	-	-	-	52,262
Other comprehensive income	-	-	(15,828)	15,828
Total comprehensive income	-	-	(15,828)	68,090
Dividends	-	-	-	(30,000)
At 30 September 2024	14,689	5,311	973,631	2,258,711

	Total £
At 1 October 2023	3,230,080
Profit for the year	52,262
Other comprehensive income	-
Total comprehensive income	52,262
Dividends	(30,000)
At 30 September 2024	3,252,342