REGISTERED NUMBER: 00055983 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 SEPTEMBER 2024 TO 30 JUNE 2025

FOR

GEORGE HARKER AND COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms R E King

S D Crawford

W Smith

G A McDonald

M G McDonald

REGISTERED OFFICE:

Park Drive Industrial Estate

Braintree

Essex

CM7 1AW

REGISTERED NUMBER:

00055983 (England and Wales)

ACCOUNTANTS:

Barrow LLP

Rae House

Dane Street

Bishops Stortford

Herts

CM23 3BT

FIXED ASSETS

Tangible assets

5

416,937

419,567

CURRENT ASSETS

Stocks

4,634

8,879

Debtors

6

80,238

81,997

Cash at bank

26,053

25,845

110,925

116,721

CREDITORS

Amounts falling due within one year

7

(961,888

)

(737,715

)

NET CURRENT LIABILITIES

(850,963

)

(620,994

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(434,026

)

(201,427

)

PROVISIONS FOR LIABILITIES

-

(57,791

)

NET LIABILITIES

(434,026

)

(259,218

)

CAPITAL AND RESERVES

Called up share capital

8

720,000

795,500

Retained earnings

(1,154,026

)

(1,054,718

)

SHAREHOLDERS' FUNDS

(434,026

)

(259,218

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2026 and were signed on its behalf by:

Ms R E King - Director

1.	STATUTORY INFORMATION

George Harker and Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

5% on cost

Plant and machinery

-

10% - 20% straight line

Fixtures and fittings

-

20% 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.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Other financial instruments are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account and Retained Earnings, 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 period 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 21 (2024 - 19 ) .

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 September 2024

231,170

1,359,258

25,503

1,615,931

Additions

-

7,719

-

7,719

At 30 June 2025

231,170

1,366,977

25,503

1,623,650

DEPRECIATION

At 1 September 2024

119,108

1,054,497

22,759

1,196,364

Charge for period

9,627

-

722

10,349

At 30 June 2025

128,735

1,054,497

23,481

1,206,713

NET BOOK VALUE

At 30 June 2025

102,435

312,480

2,022

416,937

At 31 August 2024

112,062

304,761

2,744

419,567

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

31.8.24

£

£

Trade debtors

25,889

40,513

Amounts owed by group undertakings

500

500

Other debtors

53,849

40,984

80,238

81,997

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

31.8.24

£

£

Trade creditors

93,016

77,042

Amounts owed to group undertakings

723,493

589,501

Taxation and social security

38,567

25,649

Other creditors

106,812

45,523

961,888

737,715

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.25

31.8.24

value:

£

£

720,000

Ordinary Shares

£1.00

720,000

720,000

7,550

Preference Shares

£10.0

0

-

75,500

720,000

795,500

During the year, in connection with the acquisition of the Company, all issued preference shares of £10 each, with an aggregate nominal value of £75,000, were cancelled and extinguished under the terms of the transaction.

An amount equal to the nominal value of the cancelled shares, £75,000, became payable to the former preference shareholders entitled to this consideration. At 30 June 2025 this remained unpaid and was recognised within other creditors (see note [10] — post balance sheet event).

As a result, the Company's issued share capital reduced from £795,000 to £720,000.

9.	RELATED PARTY DISCLOSURES

Demos Ciclitira Limited

The ultimate parent company of George Harker Limited

The company made sales to Demos Ciclitira Limited during the year totalling £425,974 (2024: £422,607) and made purchases during the year totalling £2,755 (2024: £11,489). The amount outstanding to Demos Ciclitira Limited from the company at the balance sheet date is £723,493 (2024: £5894,501).

JD N Ciclitira and the estate of A G Ciclitira

A director and Chairman of the Board of George Harker & Company Limited

At the year end, the director of the company, Mr JDN Ciclitira along with the estate of A G Ciclitira was owed £nil (2024: £7,574).

10.	POST BALANCE SHEET EVENTS

On 21 August 2025, the company's entire issued share capital was acquired by Gerald McDonald & Company Limited.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is JDN Ciclitira.