REGISTERED NUMBER: 04110336 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 December 2025

for

M J Petfoods & Proteins Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Independent Auditors' Report

6

Statement of Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Notes to the Financial Statements

12

DIRECTORS:

Mr M G Robinson

Mr S D Owen

Ms G R Clark

Ms H Reed

SECRETARY:

Mr M G Robinson

REGISTERED OFFICE:

2 Clayton Wood Court

West Park

Leeds

West Yorkshire

LS16 6QW

REGISTERED NUMBER:

04110336 (England and Wales)

AUDITORS:

Harris & Co Limited

Chartered Accountants & Statutory Auditor

Marland House

13 Huddersfield Road

Barnsley

South Yorkshire

S70 2LW

The directors present their strategic report for the year ended 31 December 2025.

REVIEW OF BUSINESS

The directors continued with their strategy of reducing reliance on the historic high volume, low margin business on which the company has historically relied. Continued development of the processing and manufacturing site brought continued stability which the directors believe will assist the business to continue to grow and prosper in the coming years.

The group operates within a sector which is subject to economic forces and legislative requirements within the United Kingdom, Europe and further afield. Whilst this poses certain challenges, the directors also believe opportunities exist within the market that the business can exploit given its strengths and market knowledge.

Turnover increased by 1.1% to £22,589,762 (2024: £22,338,209). However, the gross profit margin has declined to 20.9% (2024: 21.4%), resulting in a reduction in gross profit to £4,710,547 for the year (2024: £4,771,436). Profit before tax also fell during the year to £1,020,018 (2024: £1,677,015).

The directors are confident that the business is in a strong position in its chosen markets to enable it to prosper in the future. The business remains well capitalised and in a strong position from which to continue with the overriding strategy of improving the quality of turnover and margins returned by the business. Accordingly, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

PRINCIPAL RISKS AND UNCERTAINTIES

The company operates within a sector which is subject to economic forces within the United Kingdom, Europe and further afield.

Raw material costs fluctuate depending on availability and exchange rates. The directors have built knowledge of the industry over many years and, where possible seek to use such fluctuations to the advantage of the business.

FINANCIAL RISK MANAGEMENT

The Company’s operations expose it to a variety of financial risks that include the effects of changes in commodity prices, credit risk, cash flow risk, liquidity risk, and foreign exchange risk. The Company seeks to limit the adverse effects on it's financial performance by monitoring the impact of these and addressing them accordingly.

Price Risk

The Company carries out research into sales prices charged in the market for similar products and incorporates this information into its business plans.

Foreign currency risk

Where the company has transactions denominated in foreign currency and so is exposed to exchange rate risk, it manages this risk by keeping under review the need for forward contracts in the appropriate foreign currency as required.

Credit risk

The company has implemented policies that require appropriate credit checks on potential customers before credit sales are made.

Cash flow risk

Management regularly reviews cash expectations and actual cash performance against forecasts.

Liquidity risk

The Company has no long-term bank borrowings or deposits.

FUTURE DEVELOPMENTS

Given the progress made and despite the uncertainties, the directors remain confident that the company is in a strong position to rise to such challenges and continue to grow and prosper.

KEY PERFORMANCE INDICATORS

We consider that our key performance indicators are those that communicate the financial performance and strength of the company as a whole, these being turnover, gross margin and EBITDA.

ON BEHALF OF THE BOARD:

Mr M G Robinson - Director

27 May 2026

The directors present their report with the financial statements of the Company for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the Company in the year under review was that of ingredient manufacturing and wholesale supply to the petfood industry.

DIVIDENDS

The total distribution of dividends for the year ended 31 December 2025 will be £50,000.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

Mr M G Robinson

Mr S D Owen

Ms G R Clark

Ms H Reed

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the 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 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 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 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.

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 Company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

AUDITORS

The auditors, Harris & Co Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr M G Robinson - Director

27 May 2026

Opinion

We have audited the financial statements of M J Petfoods & Proteins Limited (the 'Company') for the year ended 31 December 2025 which comprise the 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 December 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 Auditors' 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 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 Strategic Report and the Report of the Directors, but does not include the financial statements and our Auditors' 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 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 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 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 Company and its environment obtained in the course of the audit, we have not identified material misstatements in the 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, 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 four, 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 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.

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 an Auditors' 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:

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

-

Enquiring of management, including obtaining and reviewing supporting documentation, concerning the company's policies and procedures relating to:

-

Identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;

-

Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;

-

The internal controls established to mitigate risk related to fraud or non-compliance with laws & regulations;

-

Obtaining an understanding of the legal and regulatory frameworks that the company operates in, focusing on those laws and regulations that had a direct effect on the financial statements or that had a fundamental effect on the operations of the company. The key legal and regulatory frameworks that we determined were the most significant are those that relate to the reporting framework FRS 102, the Companies Act 2006 and the relevant UK tax compliance regulations. In addition, the Company has to comply with laws and regulations relating to its operations, including health and safety, pet food safety, employees, data protection and anti-bribery.

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 Auditors' Report.

Audit response to risks identified

Our procedures to respond to risks identified included the following:

-

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

-

Enquiring of management concerning actual and potential litigation and claims;

-

Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risk of material misstatement due to fraud; and

-

In addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing the judgements used in accounting estimates to assess whether these may be indicative of potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

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

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 Auditors' 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.

Tom Garner CA CTA (Senior Statutory Auditor)

for and on behalf of Harris & Co Limited

Chartered Accountants & Statutory Auditor

Marland House

13 Huddersfield Road

Barnsley

South Yorkshire

S70 2LW

27 May 2026

TURNOVER

4

22,589,762

22,338,209

Cost of sales

17,879,215

17,566,773

GROSS PROFIT

4,710,547

4,771,436

Distribution costs

980,184

798,338

Administrative expenses

2,719,901

2,305,436

3,700,085

3,103,774

OPERATING PROFIT

6

1,010,462

1,667,662

Interest receivable and similar income

9,556

9,353

PROFIT BEFORE TAXATION

1,020,018

1,677,015

Tax on profit

7

189,798

440,019

PROFIT FOR THE FINANCIAL YEAR

830,220

1,236,996

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

830,220

1,236,996

FIXED ASSETS

Tangible assets

9

353,390

285,471

Investments

10

27,716

27,716

381,106

313,187

CURRENT ASSETS

Stocks

11

1,164,576

1,324,302

Debtors

12

3,315,684

2,368,914

Cash at bank and in hand

3,119,800

2,862,096

7,600,060

6,555,312

CREDITORS

Amounts falling due within one year

13

2,715,572

2,400,105

NET CURRENT ASSETS

4,884,488

4,155,207

TOTAL ASSETS LESS CURRENT LIABILITIES

5,265,594

4,468,394

PROVISIONS FOR LIABILITIES

15

88,348

71,368

NET ASSETS

5,177,246

4,397,026

CAPITAL AND RESERVES

Called up share capital

16

5,000

5,000

Retained earnings

17

5,172,246

4,392,026

SHAREHOLDERS' FUNDS

5,177,246

4,397,026

The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2026 and were signed on its behalf by:

Mr M G Robinson - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2024

5,000

3,205,030

3,210,030

Changes in equity

Dividends

-

(50,000

)

(50,000

)

Total comprehensive income

-

1,236,996

1,236,996

Balance at 31 December 2024

5,000

4,392,026

4,397,026

Changes in equity

Dividends

-

(50,000

)

(50,000

)

Total comprehensive income

-

830,220

830,220

Balance at 31 December 2025

5,000

5,172,246

5,177,246

1.	STATUTORY INFORMATION

M J Petfoods & Proteins 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 and functional 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" 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. The principal accounting policies adopted are set out below.

Going concern

At the time of approving the financial statements, the directors have prepared forecasts and considered other events, and have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

•

the requirement of paragraph 33.7.

M J Petfoods & Proteins Limited is a qualifying entity for the above exemptions as its results are consolidated into the consolidated financial statements of MS Pet Food Group Limited, which are publicly available.

Preparation of consolidated financial statements

The financial statements contain information about M J Petfoods & Proteins Limited as an individual Company and do not contain consolidated financial information as the parent of a group. The Company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, MS Pet Food Group Limited, 2 Clayton Wood Court, Leeds, West Yorkshire, England, LS16 6QW.

Significant judgements and estimates

Preparation of the financial statements requires management to make significant judgements and estimates that affect the amounts reported for assets and liabilities as the balance sheet date and amounts reported for revenues and expenses during the year.

The following judgements have had the most significant effect on amounts recognised in the financial statements:

Useful economic lives and residual values of tangible fixed assets

The directors regularly review the useful economic lives and residual values of tangible fixed assets based in their assessment of appropriate lives for similar asset classes, and estimated residual values at the end of their economic lives.

Stock provision

Provision is made for obsolete stock. This requires management's best estimate of the expected future use of stock.

Turnover

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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

-

25% on reducing balance

Fixtures and fittings

-

straight line over 3 years

Motor vehicles

-

straight line over 3 years

All fixed assets are initially recorded at cost.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

Stocks

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

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stock over and above its estimated selling price less costs to complete and sell is recognised as an impairment loss in the profit and loss. Reversals of impairment are also recorded in the profit and loss. Cost is valued using the weighted average cost method and includes all purchase, transport and handling costs bringing stocks to their present location and condition.

Financial instruments

The company has adopted the provisions set out in sections 11 and 12 of FRS 102 in the recognition and measurement of financial instruments. All financial instruments are initially measured at the original transaction price, less associated costs. For subsequent measurement, basic financial instruments are measured at amortised cost in accordance with section 11 of FRS 102. Other financial instruments that are not considered basic and that are material to the financial statements are measured at fair value through profit or loss in accordance with section 12 of FRS 102.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

4.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the Company.

An analysis of turnover by geographical market is given below:

2025

2024

£

£

United Kingdom

22,457,943

22,236,133

Europe

131,819

102,076

22,589,762

22,338,209

Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods falling within the company's ordinary activities. In the opinion of the directors, there are no different class of turnover. All turnover is derived from sales made within the UK and the EU.

5.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

1,710,978

1,520,822

Social security costs

195,784

152,743

Other pension costs

37,963

28,422

1,944,725

1,701,987

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

2025

2024

Production

28

27

Administrative

15

13

43

40

2025

2024

£

£

Directors' remuneration

351,908

373,044

Directors' pension contributions to money purchase schemes

10,534

5,941

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

Money purchase schemes

4

5

Information regarding the highest paid director is as follows:

2025

2024

£

£

Emoluments etc

104,996

103,747

Pension contributions to money purchase schemes

1,321

1,321

6.	OPERATING PROFIT

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

2025

2024

£

£

Hire of plant and machinery

490,440

296,880

Depreciation - owned assets

118,335

106,111

Profit on disposal of fixed assets

(500

)

-

Auditors' remuneration

16,000

15,750

Auditors' remuneration for non audit work

3,030

3,016

Foreign exchange differences

48,907

9,142

7.

TAXATION

Analysis of the tax charge

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

2025

2024

£

£

Current tax:

UK corporation tax

172,818

431,130

Deferred tax

16,980

8,889

Tax on profit

189,798

440,019

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2025

2024

£

£

Profit before tax

1,020,018

1,677,015

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

255,005

419,254

Effects of:

Expenses not deductible for tax purposes

16,980

20,765

Income not taxable for tax purposes

(16,062

)

-

Adjustments to tax charge in respect of previous periods

(66,125

)

-

Total tax charge

189,798

440,019

8.

DIVIDENDS

2025

2024

£

£

Ordinary shares of £1 each

Interim

50,000

50,000

9.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2025

912,826

30,375

32,662

975,863

Additions

186,254

-

-

186,254

Disposals

-

-

(7,162

)

(7,162

)

At 31 December 2025

1,099,080

30,375

25,500

1,154,955

DEPRECIATION

At 1 January 2025

628,503

29,227

32,662

690,392

Charge for year

117,187

1,148

-

118,335

Eliminated on disposal

-

-

(7,162

)

(7,162

)

At 31 December 2025

745,690

30,375

25,500

801,565

NET BOOK VALUE

At 31 December 2025

353,390

-

-

353,390

At 31 December 2024

284,323

1,148

-

285,471

10.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2025

and 31 December 2025

27,716

NET BOOK VALUE

At 31 December 2025

27,716

At 31 December 2024

27,716

The Company's investments at the Balance Sheet date in the share capital of companies include the following:

M J Europe Limited

Registered office: 2 Clayton Wood Court, West Park, Leeds, England, LS16 6QW

Nature of business: Wholesale of grain,seeds and animal feeds

%

Class of shares:

holding

Ordinary

100.00

11.

STOCKS

2025

2024

£

£

Finished goods

1,164,576

1,324,302

12.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,388,202

1,941,313

Other debtors

777,740

371,306

Tax

62,892

-

VAT

17,698

-

Prepayments and accrued income

69,152

56,295

3,315,684

2,368,914

13.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,891,679

1,597,329

Amounts owed to group undertakings

71,820

71,989

Corporation tax

-

181,130

Social security and other taxes

59,237

46,220

VAT

-

4,645

Other creditors

584,291

325,292

Accruals and deferred income

108,545

173,500

2,715,572

2,400,105

14.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

38,411

42,931

Between one and five years

85,500

123,911

123,911

166,842

15.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

88,348

71,368

Deferred

tax

£

Balance at 1 January 2025

71,368

Charge to Statement of Comprehensive Income during year

16,980

Balance at 31 December 2025

88,348

16.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

5,000

Ordinary

£1

5,000

5,000