Contents of the Financial Statements

for the Period Ended 31 December 2025

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 31 December 2025

The directors present their report with the financial statements of the company for the period ended 31 December 2025

Directors

The directors shown below have held office during the whole of the period from
1 January 2025 to 31 December 2025

Paul Garrod
Cillian Molloy
Brendan Oakley
Darryl Murphy

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
29 May 2026

And signed on behalf of the board by:
Name: Paul Garrod
Status: Director

Profit And Loss Account

for the Period Ended 31 December 2025

	2025	2024
	£	£
Turnover:	6,812,000	6,887,000
Cost of sales:	( 4,482,000 )	( 4,490,000 )
Gross profit(or loss):	2,330,000	2,397,000
Administrative expenses:	( 2,554,000 )	( 2,444,000 )
Operating profit(or loss):	(224,000)	(47,000)
Profit(or loss) before tax:	(224,000)	(47,000)
Tax:	22,000	( 34,000 )
Profit(or loss) for the financial year:	(202,000)	(81,000)

Balance sheet

As at 31 December 2025

	Notes	2025	2024
		£	£
Fixed assets
Intangible assets:	3	68,000	207,000
Tangible assets:	4	107,000	153,000
Total fixed assets:		175,000	360,000
Current assets
Stocks:	5	879,000	638,000
Debtors:	6	951,000	1,013,000
Cash at bank and in hand:		370,000	602,000
Total current assets:		2,200,000	2,253,000
Creditors: amounts falling due within one year:	7	( 1,249,000 )	( 1,285,000 )
Net current assets (liabilities):		951,000	968,000
Total assets less current liabilities:		1,126,000	1,328,000
Total net assets (liabilities):		1,126,000	1,328,000
Capital and reserves
Called up share capital:		10,000	10,000
Profit and loss account:		1,116,000	1,318,000
Total Shareholders' funds:		1,126,000	1,328,000

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 December 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2025

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  The total turnover of the Company for the year has been derived from its principal activity wholly undertaken in the United Kingdom and Europe. The Company's turnover represents the value of amounts invoiced, excluding value added tax, for goods and services supplied during the year. Turnover is recognised at the point of delivery.

  Tangible fixed assets depreciation policy

  Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Tangible fixed assets include investment property whose fair value cannot be measured reliably without undue cost or effort. Where parts of an item of tangible fixed assets have different useful lives, they are accounted for as separate items of tangible fixed assets, for example land is treated separately from buildings. Leases in which the Company assumes substantially all the risks and rewards of ownership of the leased asset are classified as finance leases. All other leases are classified as operating leases. Leased assets acquired by way of finance lease are stated on initial recognition at an amount equal to the lower of their fair value and the present value of the minimum lease payments at inception of the lease, including any incremental costs directly attributable to negotiating and arranging the lease. At initial recognition a finance lease liability is recognised equal to the fair value of the leased asset or, if lower, the present value of the minimum lease payments. The present value of the minimum lease payments are calculated using the interest rate implicit in the lease. Lease payments are accounted for as described at 1.14 below. The Company assesses at each reporting date whether tangible fixed assets (including those leased under a finance lease) are impaired. Depreciation is charged to administrative expenses in the statement of income and retained earnings on a straight-line basis over the estimated useful lives of each part of an item of tangible fixed assets. Leased assets are depreciated over the shorter of the lease term and their useful lives. Assets associated with the leased building are depreciated in line with the remaining years left on the lease. Land is not depreciated. The estimated useful lives are as follows: Plant and Equipment - 3 to 8 years Motor Vehicles - 4 years Depreciation methods, useful lives and residual values are reviewed if there is an indication of a significant change since last annual reporting date in the pattern by which the Company expects to consume an asset's future economic benefits

  Intangible fixed assets amortisation policy

  Goodwill Goodwill is stated at cost less any accumulated amortisation and accumulated impairment losses. Goodwill is allocated to cash-generating units or group of cash-generating units that are expected to benefit from the synergies of the business combination from which it arose. During 2016 the trade and net assets of Bedford Continental Wholesale Limited, a subsidiary undertaking, were transferred to the Company at their book value which was equal to their fair value. The cost of the Company's investment in the subsidiary undertakings reflected the underlying fair value of its net assets and goodwill at the time of acquisition. As a result of this transfer, the value of the Company's investment in the subsidiary undertakings fell below the amount at which it was stated in the Company's accounting records. Schedule 1 to the Companies Act 2006; The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 (SI 2008 No. 410) requires that the investment be written down accordingly and that the amount be charged as a loss in the Company's statement of income and retained earnings. However, the directors considered that, as there had been no overall loss to the Company, it would have failed to give a true and fair view to charge that diminution to the Company's statement of income and retained earnings for the year and it should instead be re-allocated to goodwill and the identifiable net assets transferred, so as to recognise in the Company's individual balance sheet the effective cost to the Company of those net assets and goodwill. Other intangible assets Other intangible assets that are acquired by the Company are stated at cost less accumulated amortisation and less accumulated impairment losses. Amortisation Amortisation is charged to administrative expenses in the statement of income and retained earnings on a straight-line basis over the estimated useful lives of intangible assets. Intangible assets are amortised from the date they are available for use. The estimated useful lives are as follows: Capitalised development costs - 10 years. Previously this was 3 years and has been changed as the expected life of the new ERP system is 10 years. This change of policy has resulted in a reducing the amortisation from £6,000 to £2,000 for 2024. Goodwill is amortised on a straight-line basis over its useful life and is charged to administrative expenses in the statement of income and retained earnings. Goodwill has no residual value. The finite useful life of goodwill is estimated to be ten years and there is one year and two months remaining of amortisation until goodwill is fully amortised. The Company reviews the amortisation period and method when events and circumstances indicate that the useful life may have changed since the last reporting date.

Notes to the Financial Statements

for the Period Ended 31 December 2025

• 2. Employees

  	2025	2024
  Average number of employees during the period	22	24