Company registration number 05495111 (England and Wales)
ED'S TRADING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
ED'S TRADING LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 10
ED'S TRADING LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ED'S TRADING LIMITED FOR THE YEAR ENDED 28 DECEMBER 2025
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ed's Trading Limited for the year ended 28 December 2025 set out on pages 2 to 10 from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of Ed's Trading Limited, as a body, in accordance with the terms of our engagement letter dated 11 December 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Ed's Trading Limited and state those matters that we have agreed to state to the b oard of d irectors of Ed's Trading Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ed's Trading Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Ed's Trading Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ed's Trading Limited. You consider that Ed's Trading Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ed's Trading Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

Spencer Gardner Dickins Limited
Chartered Accountants
3 Coventry Innovation Village
Cheetah Road
Coventry
CV1 2TL
9 July 2026
ED'S TRADING LIMITED
BALANCE SHEET
AS AT
28 DECEMBER 2025
28 December 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
25,515
33,030
Tangible assets
4
125,899
83,743
Investments
5
100
100
151,514
116,873
Current assets
Stocks
1,769,536
1,087,812
Debtors
7
1,805,813
1,334,512
Cash at bank and in hand
1,992,615
2,094,235
5,567,964
4,516,559
Creditors: amounts falling due within one year
8
(2,733,621)
(2,184,402)
Net current assets
2,834,343
2,332,157
Total assets less current liabilities
2,985,857
2,449,030
Creditors: amounts falling due after more than one year
9
(36,743)
-
0
Provisions for liabilities
(11,877)
-
Net assets
2,937,237
2,449,030
Capital and reserves
Called up share capital
10
1,444
1,444
Profit and loss reserves
2,935,793
2,447,586
Total equity
2,937,237
2,449,030
ED'S TRADING LIMITED
BALANCE SHEET (CONTINUED)
AS AT
28 DECEMBER 2025
28 December 2025
- 3 -

For the financial year ended 28 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.

The financial statements were approved and signed by the director and authorised for issue on 10 July 2026
E R Rigg
Director
Company registration number 05495111 (England and Wales)
ED'S TRADING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 DECEMBER 2025
- 4 -
1
Accounting policies
Company information

Ed's Trading Limited is a private company limited by shares incorporated in England and Wales. The registered office is Ground Floor, Building 11, Turweston Aerodrome, Brackley, Northamptonshire, NN13 5YD.

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.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

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.

1.3
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

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:

Development Costs
10% and 25% straight line
ED'S TRADING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Plant and machinery
5% straight line
Fixtures, fittings and equipment
25% straight line
Computer equipment
25% straight line
Motor vehicles
25% straight line

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
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.7
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.

1.8
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials.

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.

1.9
Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

ED'S TRADING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 DECEMBER 2025
1
Accounting policies
(Continued)
- 6 -
1.10
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 balance sheet 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.

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.

1.11
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.

1.12
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account 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.

1.13
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

1.14
Retirement benefits

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

ED'S TRADING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 DECEMBER 2025
1
Accounting policies
(Continued)
- 7 -
1.15
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease.

1.16
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

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

2025
2024
Number
Number
Total
2
2
3
Intangible fixed assets
Other
£
Cost
At 29 December 2024 and 28 December 2025
44,880
Amortisation and impairment
At 29 December 2024
11,850
Amortisation charged for the year
7,515
At 28 December 2025
19,365
Carrying amount
At 28 December 2025
25,515
At 28 December 2024
33,030
ED'S TRADING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 DECEMBER 2025
- 8 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 29 December 2024
289,218
Additions
101,688
Disposals
(99,619)
At 28 December 2025
291,287
Depreciation and impairment
At 29 December 2024
205,475
Depreciation charged in the year
46,813
Eliminated in respect of disposals
(86,900)
At 28 December 2025
165,388
Carrying amount
At 28 December 2025
125,899
At 28 December 2024
83,743
5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
100
100
6
Subsidiaries

Details of the company's subsidiaries at 28 December 2025 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Eager Draught Limited
Ground Floor, Building 11, Turweston Aerodrome, Brackley, Northamptonshire NN13 5YD
Ordinary
100.00
ED'S TRADING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 DECEMBER 2025
- 9 -
7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,639,740
1,256,138
Corporation tax recoverable
2,738
2,738
Other debtors
10,511
6,261
Prepayments and accrued income
152,824
64,330
1,805,813
1,329,467
Deferred tax asset
-
0
5,045
1,805,813
1,334,512
8
Creditors: amounts falling due within one year
2025
2024
£
£
Obligations under finance leases
11,306
-
0
Trade creditors
2,042,398
1,760,405
Corporation tax
315,020
181,244
Other taxation and social security
111,016
72,778
Other creditors
6,445
4,303
Accruals and deferred income
247,436
165,672
2,733,621
2,184,402

Obligations under finance leases are secured over the assets to which they relate.

9
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Obligations under finance leases
36,743
-
0

Obligations under finance leases are secured over the assets to which they relate.

10
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 0.1p each
1,444,440
1,444,440
1,444
1,444
ED'S TRADING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 DECEMBER 2025
- 10 -
11
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
29,843
59,686
12
Related party transactions

The company has taken advantage of the exemption under the terms of FRS102 not to disclose related party transactions with wholly owned companies within the group.true

13
Directors' transactions

Advances to directors in the period were as follows:

Loans
% Rate
Opening balance
Amounts advanced
Closing balance
£
£
£
Loan
-
4,222
2,571
6,793
4,222
2,571
6,793

The loan to director is interest free and repayable on demand.

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