REGISTERED NUMBER: 06637700 (England and Wales)

Financial Statements for the Year Ended 31 October 2025

for

Innovative Food Ingredients Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D A Brennand

Mr M S Brennand

Ms C Brennand

SECRETARY:

Mrs K J Brennand

REGISTERED OFFICE:

17-19 Park Street

Lytham

Lancashire

FY8 5LU

REGISTERED NUMBER:

06637700 (England and Wales)

ACCOUNTANTS:

Ashworth Treasure Limited

Chartered Accountants

17-19 Park Street

Lytham

Lancashire

FY8 5LU

FIXED ASSETS

Intangible assets

4

65,267

79,091

Property, plant and equipment

5

227,736

146,699

293,003

225,790

CURRENT ASSETS

Inventories

463,441

410,993

Debtors

1,321,693

1,061,060

Cash at bank

2,141

23,968

1,787,275

1,496,021

CREDITORS

Amounts falling due within one year

1,742,526

1,591,403

NET CURRENT ASSETS/(LIABILITIES)

44,749

(95,382

)

TOTAL ASSETS LESS CURRENT LIABILITIES

337,752

130,408

CREDITORS

Amounts falling due after more than one year

(53,040

)

(16,233

)

PROVISIONS FOR LIABILITIES

(39,208

)

(12,406

)

NET ASSETS

245,504

101,769

CAPITAL AND RESERVES

Called up share capital

112,000

72,000

Retained earnings

133,504

29,769

SHAREHOLDERS' FUNDS

245,504

101,769

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 July 2026 and were signed on its behalf by:

Ms C Brennand - Director

1.	STATUTORY INFORMATION

Innovative Food Ingredients Limited 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

Basis of preparing the financial statements

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

Revenue 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 businesses in 2016 and 2020, is being amortised over its estimated useful life of twelve 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.

Rebranding is being amortised evenly over its estimated useful life of ten 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 etc

-

25% on reducing balance and 20% on reducing balance

Stocks

Inventories 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.

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 19 (2024 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2024

and 31 October 2025

157,988

AMORTISATION

At 1 November 2024

78,897

Amortisation for year

13,824

At 31 October 2025

92,721

NET BOOK VALUE

At 31 October 2025

65,267

At 31 October 2024

79,091

5.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

COST

At 1 November 2024

259,618

Additions

106,872

Disposals

(2,150

)

At 31 October 2025

364,340

DEPRECIATION

At 1 November 2024

112,919

Charge for year

24,971

Eliminated on disposal

(1,286

)

At 31 October 2025

136,604

NET BOOK VALUE

At 31 October 2025

227,736

At 31 October 2024

146,699

6.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdraft

39,266

-

Hire purchase contracts

69,628

25,566

108,894

25,566

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2025 and 31 October 2024:

2025

2024

£

£

Mr D A Brennand

Balance outstanding at start of year

89,174

191,437

Amounts advanced

78,389

63,737

Amounts repaid

(16,615

)

(166,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

150,948

89,174

Mr M S Brennand

Balance outstanding at start of year

88,223

183,331

Amounts advanced

38,820

70,892

Amounts repaid

-

(166,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

127,043

88,223

Interest was charged at the official rate of interest where appropriate throughout the period.