REGISTERED NUMBER: 11277483 (England and Wales)

Group Strategic Report,

Report of the Directors and

Consolidated Financial Statements

for the Year Ended 31 January 2026

for

Owen Taylor and Sons Holdings Limited

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Consolidated Profit and Loss Account

7

Consolidated Balance Sheet

8

Company Balance Sheet

9

Consolidated Statement of Changes in Equity

10

Company Statement of Changes in Equity

11

Consolidated Cash Flow Statement

12

Notes to the Consolidated Financial Statements

13

DIRECTORS:

R J O Taylor

Mrs V J Taylor

REGISTERED OFFICE:

27 Main Road

Leabrooks

Alfreton

Derbyshire

DE55 1LA

REGISTERED NUMBER:

11277483 (England and Wales)

AUDITORS:

Bates Weston Audit Ltd

Statutory Auditors

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

The directors present their strategic report of the company and the group for the year ended 31 January 2026.

REVIEW OF BUSINESS

Overall, the group has reported an increase in turnover of 8.2% in comparison to the prior year.

The gross profit margin has decreased to 14.9% (2025 - 17.0%).

The cash position of the group has increased as a result of maintaining a similar level of retained profits and changes in working capital.

The overall results for the period are considered very good, particularly when taking into account the competitive market conditions and the cost of living crisis.

KEY PERFORMANCE INDICATORS

The directors use the following financial KPIs to assess performance and inform decision-making:

-

Turnover growth, to measure business development and market demand

-

Gross profit margin, to monitor pricing and cost control

-

Cash position, to ensure liquidity and financial resilience

PRINCIPAL RISKS AND UNCERTAINTIES

The management of the group and the execution of the group's strategy are subject to several risks. The group continues to face challenges from global food price increases as a result of the Russia and Ukraine conflict, tight margins on sales and a greater than average risk of insolvency in the catering market. These global food prices are monitored by the director with any necessary action undertaken.

The main risk to the group is the cost of living crisis which is prompting consumers to spend less. The group continually updates plans to manage the situation and the group is well placed to deal with the disruption.

Additional risks include increasing energy costs and border issues. The group has sufficient margins to account for the increases in energy costs. Brexit has caused some supply chain issues with lorries being delayed and held up at ports.

ORGANISATION

The director continues to monitor the group's organisation and profitability in the light of changes within a highly competitive industry. Changes are implemented where deemed appropriate in order to minimise the effects of the risks and uncertainties the group faces in retaining market share and maintaining margins.

FINANCIAL INSTRUMENTS

Due to the high cash resources in place, the need for other financial instruments is minimal. The main purpose of the financial instruments and cash resources is to provide working capital and finance for the group's operations and improvements.

ON BEHALF OF THE BOARD:

R J O Taylor - Director

7 July 2026

The directors present their report with the financial statements of the company and the group for the year ended 31 January 2026.

DIVIDENDS

An interim dividend of £1.66383 per share was paid on 5 April 2025. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31 January 2026 will be £ 100,000 .

DIRECTOR

R J O Taylor held office during the whole of the period from 1 February 2025 to the date of this report.

Other changes in directors holding office are as follows:

Mrs V J Taylor was appointed as a director after 31 January 2026 but prior to the date of this report.

DISCLOSURE IN THE STRATEGIC REPORT

The matters required to be disclosed under SI (2008) 410 Sch 7 relating to financial instruments are

contained within the Strategic Report as applicable in accordance with s414C(11) of the Companies Act 2006.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors 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 the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

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

-	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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

ON BEHALF OF THE BOARD:

R J O Taylor - Director

7 July 2026

Opinion

We have audited the financial statements of Owen Taylor and Sons Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 January 2026 which comprise the Consolidated Profit and Loss Account, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement 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 group's and of the parent company affairs as at 31 January 2026 and of the group's 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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group 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 group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are 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 in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors 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 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.

Opinions on other matters 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 Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

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

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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company 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 three, 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 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 group's and the parent 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 group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' 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 a Report of the Auditors 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.

Based on our understanding of the company and industry in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to the food industry and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006. Audit procedures performed by the engagement team included:

-

Enquiry of management around actual and potential litigation and claims;

-

Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

-

Reviewing minutes of meetings of those charged with governance;

-

Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.

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.

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 Report of the Auditors.

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 a Report of the Auditors 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.

Wayne Thomas FCA (Senior Statutory Auditor)

for and on behalf of Bates Weston Audit Ltd

Statutory Auditors

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

22 July 2026

TURNOVER

28,927,424

26,742,879

Cost of sales

24,622,279

22,203,572

GROSS PROFIT

4,305,145

4,539,307

Distribution costs

625,629

585,076

Administrative expenses

2,962,470

2,628,097

3,588,099

3,213,173

717,046

1,326,134

Other operating income

40,487

110,213

OPERATING PROFIT

4

757,533

1,436,347

Interest receivable and similar income

149,644

196,620

907,177

1,632,967

Gain/loss on revaluation of investments

215,426

-

1,122,603

1,632,967

Interest payable and similar expenses

5

18,213

-

PROFIT BEFORE TAXATION

1,104,390

1,632,967

Tax on profit

6

299,322

415,192

PROFIT FOR THE FINANCIAL YEAR

805,068

1,217,775

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

805,068

1,217,775

Prior year adjustment

9

(149,323

)

TOTAL COMPREHENSIVE INCOME SINCE LAST ANNUAL REPORT

655,745

Profit attributable to:

Owners of the parent

805,068

1,217,775

Total comprehensive income attributable to:

Owners of the parent

655,745

1,217,775

FIXED ASSETS

Tangible assets

10

3,302,455

3,365,194

Investments

11

265,426

-

Investment property

12

564,340

100,000

4,132,221

3,465,194

CURRENT ASSETS

Stocks

13

3,062,026

2,823,873

Debtors

14

2,439,277

2,431,505

Investments

15

-

50,000

Cash at bank and in hand

4,458,049

4,926,429

9,959,352

10,231,807

CREDITORS

Amounts falling due within one year

16

2,820,735

3,177,134

NET CURRENT ASSETS

7,138,617

7,054,673

TOTAL ASSETS LESS CURRENT LIABILITIES

11,270,838

10,519,867

PROVISIONS FOR LIABILITIES

18

378,514

332,611

NET ASSETS

10,892,324

10,187,256

CAPITAL AND RESERVES

Called up share capital

19

60,102

60,102

Capital redemption reserve

20

20,572

20,572

Retained earnings

20

10,811,650

10,106,582

SHAREHOLDERS' FUNDS

10,892,324

10,187,256

The financial statements were approved by the Board of Directors and authorised for issue on 7 July 2026 and were signed on its behalf by:

R J O Taylor - Director

FIXED ASSETS

Tangible assets

10

1,585,645

1,600,608

Investments

11

60,102

60,102

Investment property

12

464,340

-

2,110,087

1,660,710

CURRENT ASSETS

Debtors

14

2,408,247

1,213,041

Cash at bank

3,750,496

4,212,277

6,158,743

5,425,318

CREDITORS

Amounts falling due within one year

16

138,665

63,650

NET CURRENT ASSETS

6,020,078

5,361,668

TOTAL ASSETS LESS CURRENT LIABILITIES

8,130,165

7,022,378

CAPITAL AND RESERVES

Called up share capital

19

60,102

60,102

Retained earnings

20

8,070,063

6,962,276

SHAREHOLDERS' FUNDS

8,130,165

7,022,378

Company's profit for the financial year

1,207,787

1,324,151

The financial statements were approved by the Board of Directors and authorised for issue on 7 July 2026 and were signed on its behalf by:

R J O Taylor - Director

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 February 2024

60,102

8,988,807

20,572

9,069,481

Changes in equity

Dividends

-

(100,000

)

-

(100,000

)

Total comprehensive income

-

1,367,098

-

1,367,098

Balance at 31 January 2025

60,102

10,255,905

20,572

10,336,579

Prior year adjustment

-

(149,323

)

-

(149,323

)

As restated

60,102

10,106,582

20,572

10,187,256

Changes in equity

Dividends

-

(100,000

)

-

(100,000

)

Total comprehensive income

-

805,068

-

805,068

Balance at 31 January 2026

60,102

10,811,650

20,572

10,892,324

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 February 2024

60,102

5,738,125

5,798,227

Changes in equity

Dividends

-

(100,000

)

(100,000

)

Total comprehensive income

-

1,473,474

1,473,474

Balance at 31 January 2025

60,102

7,111,599

7,171,701

Prior year adjustment

-

(149,323

)

(149,323

)

As restated

60,102

6,962,276

7,022,378

Changes in equity

Dividends

-

(100,000

)

(100,000

)

Total comprehensive income

-

1,207,787

1,207,787

Balance at 31 January 2026

60,102

8,070,063

8,130,165

Cash flows from operating activities

Cash generated from operations

23

734,452

1,501,971

Interest paid

(18,213

)

-

Tax paid

(419,462

)

(207,697

)

Net cash from operating activities

296,777

1,294,274

Cash flows from investing activities

Purchase of tangible fixed assets

(343,261

)

(646,642

)

Purchase of investment property

(464,340

)

-

Sale of tangible fixed assets

-

85,692

Interest received

149,644

196,620

Net cash from investing activities

(657,957

)

(364,330

)

Cash flows from financing activities

Amount introduced by directors

54,361

103,390

Amount withdrawn by directors

(61,561

)

(3,179

)

Equity dividends paid

(100,000

)

(100,000

)

Net cash from financing activities

(107,200

)

211

(Decrease)/increase in cash and cash equivalents

(468,380

)

930,155

Cash and cash equivalents at beginning of year

24

4,926,429

3,996,274

Cash and cash equivalents at end of year

24

4,458,049

4,926,429

1.	STATUTORY INFORMATION

Owen Taylor and Sons Holdings 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 General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Merger accounting has been adopted to include the results of the trading subsidiary as if it had always formed part of the group and the comparatives reflects this.

Merger relief under S612 CA 2006 has been applied and the investments have been accounted for at the nominal value of the shares issued.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Turnover

Turnover represents the net sales of invoiced goods on despatch or pick-up, excluding value added tax. Turnover is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the company will receive the agreed upon payment. Rental income is recognised in other income.

Tangible fixed assets

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment loss. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

- 2% on cost

Improvements to property

- 10% on cost

Plant and machinery

- 15% on reducing balance

Motor vehicles

- at varying rates on cost

Computer equipment

- 33% on cost

Freehold land is not depreciated.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively as appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within 'administrative expenses' in the profit and loss account.

Investment property

Investment property is not depreciated but is revalued annually at its market value in accordance with the Financial Reporting Standard 102. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for slow moving and obsolete items. Cost is based on a first in, first out basis and is calculated as original purchase price plus labour costs of production and preparation.

Net realisable value is based on the estimated selling price less further costs expected to be incurred to completion and disposal.

At each reporting date, stock is assessed for impairment. If impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Deferred tax

Deferred tax arises from timing differences that are differences between taxable total profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

A deferred tax asset is recognised only when it is more likely than not that there will be suitable taxable profits from which the future reversal of underlying timing differences and losses can be deducted.

Provision is made at current rates for taxation deferred in respect of all material timing differences.

Pension costs and other post-retirement benefits

The group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the group pays fixed contributions into a separate entity. Once the contributions have been paid the group has no further payments obligations. The contributions are recognised as an expense when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the group in independently administered funds.

Fixed asset investments

Fixed asset investments are stated at fair value with changes recognised in profit or loss. Where fair value cannot be measured reliably, investments are carried at cost less impairment.

Leasing commitments

Rentals paid under operating leases are charged to the profit and loss account as they are incurred.

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term highly liquid investment with original maturities of three months or less.

Judgements in applying accounting policies and key sources of estimation uncertainty

In the application of the group's accounting policies the director is required to make judgement estimates and assumptions about the carrying amounts of the group's assets and liabilities. These are based on historical experience and other factors that are considered relevant and are reviewed on a regular basis and recognised in the period in which the estimate is revised. Actual results may differ from these estimates.

The following are the critical judgements and where relevant the key sources of estimation uncertainty:

Tangible fixed assets are depreciated over their useful economic lives, taking into account their residual values where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing the asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual values consider such things as future market conditions, the remaining life of the asset and projected disposal values.

The recoverability of debtors is assessed on the likelihood and circumstances of the particular cost.

The value of stock is assessed for impairment. In re-assessing the stock value, factors such as slow movement and obsolescence are taken into account.

Investment properties are not depreciated but are held at fair value based on the director's judgement and experience taking into account local conditions, market values for similar properties and the group's long-term plans for their use at the balance sheet date. The assumptions are reviewed at least annually and revisions recognised in the current or previous period as is applicable.

3.	EMPLOYEES AND DIRECTORS

2026

2025

as

restated

£

£

Wages and salaries

4,823,262

4,623,927

Social security costs

579,648

427,120

Other pension costs

153,559

128,810

5,556,469

5,179,857

The average number of employees during the year was as follows:

2026

2025

as

restated

Direct

106

109

Drivers

30

29

Administration

30

29

166

167

2026

2025

as

restated

£

£

Director's remuneration

18,184

16,943

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes

1

1

4.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2026

2025

as

restated

£

£

Depreciation - owned assets

406,000

355,331

Profit on disposal of fixed assets

-

(60,113

)

Auditors' remuneration

23,208

23,140

Auditors' remuneration for non audit work

6,860

6,860

Operating lease payments

33,732

30,324

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

2026

2025

as

restated

£

£

Interest on taxation

18,213

-

6.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2026

2025

as

restated

£

£

Current tax:

UK corporation tax

253,000

385,050

Adjustment re prior year

419

437

Total current tax

253,419

385,487

Deferred tax

45,903

29,705

Tax on profit

299,322

415,192