REGISTERED NUMBER: 09441263 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2026

for

Taste Merchants Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs R A H Hawgood

G F Hawgood

N J Hawgood

D J Hawgood

C A Hawgood

D P Hawgood

REGISTERED OFFICE:

Unit 41

Mochdre Industrial Estate

Newtown

Powys

SY16 4LE

REGISTERED NUMBER:

09441263 (England and Wales)

ACCOUNTANTS:

Cadwallader & Co LLP

Chartered Certified Accountants

Eagle House

25 Severn Street

Welshpool

Powys

SY21 7AD

FIXED ASSETS

Intangible assets

4

-

3,492

Tangible assets

5

149,097

79,906

149,097

83,398

CURRENT ASSETS

Stocks

212,735

205,474

Debtors

6

1,048,668

858,195

Cash at bank and in hand

1,193,973

1,221,517

2,455,376

2,285,186

CREDITORS

Amounts falling due within one year

7

380,368

389,357

NET CURRENT ASSETS

2,075,008

1,895,829

TOTAL ASSETS LESS CURRENT LIABILITIES

2,224,105

1,979,227

PROVISIONS FOR LIABILITIES

17,193

9,133

NET ASSETS

2,206,912

1,970,094

CAPITAL AND RESERVES

Called up share capital

595,440

595,440

Share premium

10,660

10,660

Retained earnings

1,600,812

1,363,994

2,206,912

1,970,094

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 June 2026 and were signed on its behalf by:

C A Hawgood - Director

1.	STATUTORY INFORMATION

Taste Merchants Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Going concern

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

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

-

15% on reducing balance

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2025 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 March 2025

and 28 February 2026

364,951

285

365,236

AMORTISATION

At 1 March 2025

361,459

285

361,744

Charge for year

3,492

-

3,492

At 28 February 2026

364,951

285

365,236

NET BOOK VALUE

At 28 February 2026

-

-

-

At 28 February 2025

3,492

-

3,492

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 March 2025

18,500

24,434

122,605

14,578

180,117

Additions

-

-

118,943

-

118,943

Disposals

-

(798

)

(20,999

)

-

(21,797

)

At 28 February 2026

18,500

23,636

220,549

14,578

277,263

DEPRECIATION

At 1 March 2025

3,248

8,586

78,308

10,069

100,211

Charge for year

2,288

4,308

35,074

2,168

43,838

Eliminated on disposal

-

(133

)

(15,750

)

-

(15,883

)

At 28 February 2026

5,536

12,761

97,632

12,237

128,166

NET BOOK VALUE

At 28 February 2026

12,964

10,875

122,917

2,341

149,097

At 28 February 2025

15,252

15,848

44,297

4,509

79,906

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Trade debtors

214,284

198,003

Amounts owed by group undertakings

593,922

593,922

Other debtors

240,462

66,270

1,048,668

858,195

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Trade creditors

192,515

244,534

Taxation and social security

160,958

116,052

Other creditors

26,895

28,771

380,368

389,357