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Registration number: 05707325

Coletta and Tyson Retail Limited
Annual Report and Financial Statements
for the Year Ended 31 July 2025

Coletta and Tyson Retail Limited

Contents

Company Information | 1
Strategic Report | 2 to 3
Directors' Report | 4
Statement of Directors' Responsibilities | 5
Independent Auditor's Report | 6 to 8
Profit and Loss Account | 9
Statement of Comprehensive Income | 10
Balance Sheet | 11
Statement of Changes in Equity | 12
Notes to the Financial Statements | 13 to 21

Coletta and Tyson Retail Limited

Company Information

Directors | J M Tyson P D Tyson

Company secretary | P D Tyson

Registered office | 324 Hull Road Woodmansey Beverley East Yorkshire HU17 0RU

Bankers | HSBC Hull 3-4 Jameson Street Hull HU1 3JX

Auditors | Forrester Boyd Limited Chartered Accountants Kingfisher Court Plaxton Bridge Road Woodmansey Beverley East Yorkshire HU17 0RT

Coletta and Tyson Retail Limited

Strategic Report for the Year Ended 31 July 2025

The Directors present their strategic report for the year ended 31 July 2025.

Principal activity

The principal activity of the Company is that of a garden centre. There have not been any significant changes in the company's principal activities in the year under review. The Directors are not aware, at the date of this report, of any likely major change in the company's activities in the next year.

Fair review of the business

Reported turnover for the financial year is £4.02 million which is a decrease of 5.0% on the previous financial year of £4.2 million. Profit before tax for the financial year is £115k which is a increase of £29k on the previous financial year profit before tax of £86k.

Key performance indicators
The directors consider our key performance indicators to be measured by both turnover and operating profit, details of which can be found in the financial statements. Given the nature of the business, the directors are of the opinion that analysis using non-financial KPI's is not necessary to give a clear understanding of the development, performance or position of the business overall.

Principal risks and uncertainties

The company operates in a challenging economic climate. As such the management of the company's business and the execution of the company's strategies are subject to a few risks:
a) Unseasonale weather affecting seasonal sales periods
b) Supply chain disruption due to global economic matters and regional wars
c) Increased costs from UK government on employment and taxes
d) Volatile energy costs
These risks are being reduced by:
a) Introducing different seasonal categories and products across the trading year therefore spreading risk
b) Developing the supply base to ensure competition and continuity is always available
c) Developing efficiencies across the business were possible and increasing retail prices as appropriate
d) Investment in air source heat pumps, solar panels and agreeing long term contracts for imported energy costs

Liquidity Risk
The company is financed by a bank overdraft facility. It therefore has minimal interest rate exposure. The directors monitor facilities regularly and retain sufficient cash to ensure that the company has adequate funds for operations. Facilities with the company's bankers have been maintained in order to provide a safe level of headroom to cover any potential seasonal fluctuations in trading.
Currency Risk
As the company only sells products to UK Customers, currency risk in connection to its customers is non existent. In relation to its suppliers the company does buy products from abroad but actively encourages the supplier to take the risk on exchange fluctuations by working towards fixed price agreements and by paying major suppliers in its home currency.

Coletta and Tyson Retail Limited

Strategic Report for the Year Ended 31 July 2025

Approved and authorised by the Board on 17 July 2026 and signed on its behalf by:

......................................... J M Tyson Director
......................................... P D Tyson Company secretary and director

Coletta and Tyson Retail Limited

Directors' Report for the Year Ended 31 July 2025

The Directors present their report and the financial statements for the year ended 31 July 2025.

Directors of the Company

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

J M Tyson

P D Tyson - Company secretary and director

Results and Dividends
The results are set out on page 9.
No Ordinary dividends were paid during the year.
Future Developments
The directors consider that the programme of capital expenditure will continue into the new financial year which will result in further increases in the company's future profitability. Management policies will continue to be reviewed in the light of changing trading conditions.
Matters of Strategic Importance
The information on principal risks and uncertainties and financial risk management objectives are not shown in the Directors' Report as they are shown in the Strategic Report in accordance with s414c (11) of the Companies Act 2006.

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.

Reappointment of auditors

The auditors Forrester Boyd Limited are deemed to be reappointed under section 487(2) of the Companies Act 2006.

Approved and authorised by the Board on 17 July 2026 and signed on its behalf by:

......................................... J M Tyson Director
......................................... P D Tyson Company secretary and director

Coletta and Tyson Retail 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.

Coletta and Tyson Retail Limited

Independent Auditor's Report to the Members of Coletta and Tyson Retail Limited

Opinion

We have audited the financial statements of Coletta and Tyson Retail Limited (the 'Company') for the year ended 31 July 2025, which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, 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 31 July 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 Directors 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 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.

In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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.

Coletta and Tyson Retail Limited

Independent Auditor's Report to the Members of Coletta and Tyson Retail Limited

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.

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.

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. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Our audit procedures included the following:

• | Testing management override of controls including journal testing and reviewing accounting estimates for reasonableness
• | Enquiries of management and the company's solicitors of actual and potential litigation claims
• | Enquiries of management including fraud and associated risks
• | Discussions with management including fraud and associated risks
• | Challenging assumptions and judgements made within significant accounting estimates and judgements
• | Reviewing legal and professional fees for any potential litigation claims
• | Testing focussing on the areas of the financial statements most suceptable to material error including completeness of income, stock valuation and review to ensure correct matching revenue and costs

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

Coletta and Tyson Retail Limited

Independent Auditor's Report to the Members of Coletta and Tyson Retail Limited

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.

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.

......................................
Neal Watford ACA (Senior Statutory Auditor)
For and on behalf of Forrester Boyd Limited, Statutory Auditor
Kingfisher Court
Plaxton Bridge Road
Woodmansey
Beverley
East Yorkshire
HU17 0RT

20 July 2026

Coletta and Tyson Retail Limited

Profit and Loss Account for the Year Ended 31 July 2025

| Note | 2025 £ | 2024 £
Turnover | 3 | 4,015,247 | 4,225,308
Cost of sales |  | (2,220,479) | (2,511,244)
Gross profit |  | 1,794,768 | 1,714,064
Administrative expenses |  | (1,679,518) | (1,628,325)
Operating profit | 4 | 115,250 | 85,739
Profit before tax |  | 115,250 | 85,739
Tax on profit | 7 | (19,756) | 4,129
Profit for the financial year |  | 95,494 | 89,868

The above results were derived from continuing operations.

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

Coletta and Tyson Retail Limited

Statement of Comprehensive Income for the Year Ended 31 July 2025

| 2025 £ | 2024 £
Profit for the year | 95,494 | 89,868
Total comprehensive income for the year | 95,494 | 89,868

Coletta and Tyson Retail Limited

(Registration number: 05707325)
Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 8 | 268,803 | 219,452
Current assets |  |  |
Stocks | 9 | 1,124,248 | 1,256,464
Debtors | 10 | 6,134,194 | 5,289,123
Cash at bank and in hand |  | 4,070 | 3,872
|  | 7,262,512 | 6,549,459
Creditors: Amounts falling due within one year | 11 | (5,802,789) | (5,135,879)
Net current assets |  | 1,459,723 | 1,413,580
Net assets |  | 1,728,526 | 1,633,032
Capital and reserves |  |  |
Called up share capital | 14 | 1 | 1
Retained earnings | 15 | 1,728,525 | 1,633,031
Shareholders' funds |  | 1,728,526 | 1,633,032

Approved and authorised by the Board on 17 July 2026 and signed on its behalf by:

......................................... J M Tyson Director
......................................... P D Tyson Company secretary and director

Coletta and Tyson Retail Limited

Statement of Changes in Equity for the Year Ended 31 July 2025

| Share capital £ | Retained earnings £ | Total £
At 1 August 2024 | 1 | 1,633,031 | 1,633,032
Profit for the year | - | 95,494 | 95,494
At 31 July 2025 | 1 | 1,728,525 | 1,728,526

| Share capital £ | Retained earnings £ | Total £
At 1 August 2023 | 1 | 2,543,163 | 2,543,164
Profit for the year | - | 89,868 | 89,868
Dividends | - | (1,000,000) | (1,000,000)
At 31 July 2024 | 1 | 1,633,031 | 1,633,032

Coletta and Tyson Retail Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

1 | General information

The Company is a private company limited by share capital, incorporated in England and Wales and the company registration number is 05707325.

The address of its registered office is:
324 Hull Road
Woodmansey
Beverley
East Yorkshire
HU17 0RU

These financial statements were authorised for issue by the Board on 17 July 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling, which is the functional currency, and are rounded to the nearest pound.

Summary of disclosure exemptions

The Company has taken advantage of the exemption from disclosing the following information, as permitted by the reduced disclosure regime within FRS 102:
a) Section 7 ''Statement of Cash Flows'' - Presentation of a statement of cash flow and related notes and disclosures
b) Section 33 ''Related Party Disclosures'' - key management personnel compensation in total and related party transactions with other members of the Coletta Group disclosures.

Name of parent of group

These financial statements are consolidated in the financial statements of Coletta Holdings Limited.

The financial statements of Coletta Holdings Limited may be obtained from 324 Hull Road, Woodmansey, Beverley, HU17 0RU.

Coletta and Tyson Retail Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

Going concern

The financial statements have been prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption is dependent upon the continuing financial support of the company's bankers.
The directors are confident that the company's relations with its customers and suppliers leave the company well placed to manage its business risks successfully. The company meets its working capital requirements through the use of bank overdraft and loan facilities. The company's forecasts and projections backed by solid trading and market conditions shows that the company should be able to operate within the level of its current facilities for the foreseeable future.
The directors are of the opinion that the company will trade profitably in the foreseeable future and therefore believes that it is appropriate for the financial statements to be prepared on a going concern basis.

Revenue recognition

Turnover is the revenue arising from the sale of goods supplied. It is stated at the fair value of the consideration receivable, net of valued added tax and trade discounts.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the products have passed to the buyer which is ordinarily at the point of sale in the company's retail store.

Tax

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

Current tax assets and liabilities and deferred tax assets and liabilities are offset if there is a legally enforceable right to set off the amounts and the entity intends to settle on the net basis.
Current tax is based on taxable profit for the year. Current tax assets and liabilities are measured using tax rates that have been enacted or substantively enacted by the reporting period.

Deferred tax is calculated on tax rates that have been enacted or substantively enacted by the reporting date and will apply to the period when the asset is realised or the liability is settled.
Deferred tax liabilities are recognised in respect of all timing differences that exist at the reporting date. Timing differences are differences between taxable profits and accounting profits as stated in the profit and loss account that arise from the inclusion of income and expenses in tax assessments in different periods from their recognition in the Financial Statements. Deferred tax assets are recognised only to the extent that it is probable that the will be recovered by the reversal of deferred tax liabilities or future taxable profits.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 5% - 33% on cost
Motor vehicles | 25% on cost

Coletta and Tyson Retail Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

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 then either credited or charged to the profit and loss account.
Impairment of fixed assets
Fixed assets are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable or as otherwise required by relevant accounting standards.
Shortfalls between the carrying value of fixed assets and their recoverable amounts, being the higher of net realisable value and value-in-use, are recognised as impairments.

Cash and cash equivalents

Cash and cash equivalents are basic financial instruments and include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within creditors.

Financial instruments

Classification
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.
Recognition and measurement
Financial instruments are recognised 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.

Basic financial assets

Basic financial assets, which include trade and other debtors are recognised initially at the transaction price. They are subsequently measured at cost less provision for impairment. A provision for the impairment is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, which include trade and other creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Equity instruments
Equity instruments issued by the company are recorded at fair value of proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Stocks

Stocks are stated at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its net realisable value; the impairment loss is recognised immediately in profit or loss.

Coletta and Tyson Retail Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless these costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Coletta and Tyson Retail Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Critical judgements
The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.
a) Depreciation
Depreciation is charged to the profit and loss account based on the useful economic life selected, which involves an estimation of the period and profile over which the company expects to consume future economic benefits embodied in the assets.
b) Stock provision
In valuing stocks, management will assess the stock and determine whether they are obsolete, damaged or in any other way likely to be valued below their original cost.

3 | Turnover

The analysis of the Company's Turnover for the year from continuing operations is as follows:

| 2025 £ | 2024 £
Sale of goods | 4,015,247 | 4,225,308

4 | Operating profit

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 80,358 | 127,822

5 | Staff costs

The aggregate payroll costs (including Directors' remuneration) were as follows:

| 2025 £ | 2024 £
Wages and salaries | 961,610 | 892,281
Social security costs | 74,947 | 59,306
Pension costs, defined contribution scheme | 15,433 | 14,060
| 1,051,990 | 965,647

Coletta and Tyson Retail Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

The average number of persons employed by the Company (including Directors) during the year, analysed by category was as follows:

| 2025 No. | 2024 No.
Sales | 48 | 48
Administration and support | 2 | 3
Management | 8 | 8
| 58 | 59

6 | Auditors' remuneration

| 2025 £ | 2024 £
Audit of the financial statements | 9,275 | 8,575
Other fees to auditors |  |
All other non-audit services | 4,600 | 160

7 | Taxation

Tax charged/(credited) in the profit and loss account

| 2025 £ | 2024 £
Deferred taxation |  |
Arising from origination and reversal of timing differences | 19,756 | (4,129)

The tax on profit before tax for the year is lower than the standard rate of corporation tax in the UK (2024 - lower than the standard rate of corporation tax in the UK) of 25% (2024 - 25%).
The differences are reconciled below:

| 2025 £ | 2024 £
Profit before tax | 115,250 | 85,739
Corporation tax at standard rate | 28,813 | 21,435
Effect of expense not deductible in determining taxable profit (tax loss) | (476) | (587)
Tax increase from effect of capital allowances and depreciation | - | 2,603
Tax decrease arising from group relief | (8,581) | (26,788)
Other tax effects for reconciliation between accounting profit and tax expense (income) | - | (792)
Total tax charge/(credit) | 19,756 | (4,129)

Coletta and Tyson Retail Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

Deferred tax

Deferred tax assets and liabilities

2025 | Asset £ | Liability £
Origination and reversal of timing differences | 9,373 | -
| 9,373 | -

2024 | Asset £ | Liability £
Origination and reversal of timing differences | 29,129 | -
| 29,129 | -

8 | Tangible assets

| Plant and machinery £ | Motor vehicles £ | Total £
Cost or valuation
At 1 August 2024 | 2,107,850 | 33,292 | 2,141,142
Additions | 107,244 | 22,465 | 129,709
At 31 July 2025 | 2,215,094 | 55,757 | 2,270,851
Depreciation
At 1 August 2024 | 1,896,787 | 24,903 | 1,921,690
Charge for the year | 74,869 | 5,489 | 80,358
At 31 July 2025 | 1,971,656 | 30,392 | 2,002,048
Carrying amount
At 31 July 2025 | 243,438 | 25,365 | 268,803
At 31 July 2024 | 211,063 | 8,389 | 219,452

9 | Stocks

| 2025 £ | 2024 £
Other inventories | 1,124,248 | 1,256,464

Coletta and Tyson Retail Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

10 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 17,983 | 41,648
Amounts owed by related parties | 18 | 5,871,439 | 5,007,528
Prepayments |  | 235,399 | 210,818
Deferred tax assets | 7 | 9,373 | 29,129
|  | 6,134,194 | 5,289,123

11 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 264,325 | 328,466
Amounts due to related parties | 18 | 5,305,541 | 4,596,804
Social security and other taxes |  | 93,549 | 123,417
Other payables |  | 47,618 | 15,105
Accruals |  | 91,756 | 72,087
|  | 5,802,789 | 5,135,879

12 | Financial instruments

| 2025 |  | 2024
| £ |  | £
Carrying amount of financial assets |  |  |
Debt instruments measured at amortised cost | 6,124,821 |  | 5,259,994
Carrying amount of financial liabilities |  |  |
Debt instruments measured at amortised cost | 5,709,240 |  | 5,012,462

13 | Pension and other schemes

Defined contribution pension scheme

The Company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the Company to the scheme and amounted to £15,433 (2024 - £14,060). The assets of the scheme are held separately from those of the company in an independently administered fund.

Coletta and Tyson Retail Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

14 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary share capital of £1 each | 1 | 1 | 1 | 1

Rights, preferences and restrictions

Shares have the following rights, preferences and restrictions: Full voting and participation rights with no restrictions on distribution of dividends or repayment of capital.

15 | Reserves

Retained earnings

Cumulative profit and loss net of distribution to owners.

Called up share capital

Called up share capital comprises of the value of issued share capital at par.

16 Financial commitments, guarantees and contingent liabilities
The company has given a guarantee in respect of the bank overdrafts and bank loans of other members of the group which amounted to £2,818,146 (2024: £3,182,849).

17 | Dividends

Interim dividends paid

|  | 2025 £ |  | 2024 £
Interim dividend of Nil (2024 - £1,000,000.00) per each Ordinary share |  | - |  | 1,000,000

18 | Related party transactions

The company has taken advantage of the exemption in section 33 of FRS 102 'Related Party Disclosures' from disclosing transactions with other members of the group in which any subsidiary which is a party to the transaction is wholly owned by the group.

Key management compensation

| 2025 £ | 2024 £

Salaries and other short term employee benefits | 28,563 | 28,563

19 | Parent and ultimate parent undertaking

The Company's immediate parent is Coletta Holdings Limited, incorporated in England.
These financial statements are available upon request from the registered office of the Company, which is the same as the Parent Company and is listed on page 1.
The ultimate controlling party is J M Tyson and P D Tyson.