GEORGES TRADITION GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 30 DECEMBER 2024 TO 3 JANUARY 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N D Hogan

I Moore

REGISTERED OFFICE:

Unit 1 Erewash Court

Manners Industrial Estate

Manners Avenue

Ilkeston

DE7 8EF

REGISTERED NUMBER:

13774324 (England and Wales)

ACCOUNTANTS:

Sibbalds Limited

Chartered Accountants and Business Advisers

Sixth Floor

Cavendish Building

1 Agard Street

Derby

Derbyshire

DE1 1DZ

FIXED ASSETS

Intangible assets

4

2,177,253

2,282,874

Tangible assets

5

492,991

423,661

2,670,244

2,706,535

CURRENT ASSETS

Stocks

6

138,345

118,049

Debtors

7

145,934

228,890

Cash at bank and in hand

261,360

123,128

545,639

470,067

CREDITORS

Amounts falling due within one year

8

1,013,348

847,471

NET CURRENT LIABILITIES

(467,709

)

(377,404

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,202,535

2,329,131

CREDITORS

Amounts falling due after more than one year

9

2,974,556

2,849,845

NET LIABILITIES

(772,021

)

(520,714

)

CAPITAL AND RESERVES

Called up share capital

14

100

100

Retained earnings

(772,121

)

(520,814

)

SHAREHOLDERS' FUNDS

(772,021

)

(520,714

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 3 January 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 3 January 2026 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 Statement of Income and Retained Earnings has not been delivered.

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

N D Hogan - Director

1.	STATUTORY INFORMATION

Georges Tradition Group 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.	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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised at the point of sale when goods are supplied to the customer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of twenty five 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.

Patents and licences are being amortised evenly over their estimated useful life of twenty five years.

Tangible fixed assets

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

Short leasehold

-

Over the term of the lease

Plant and machinery

-

10% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

10% 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.

Taxation

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

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.

Going concern

The company is reliant on the support of its institutional shareholder and on the basis of this continued support and after reviewing latest projections, the director considers it appropriate to prepare these accounts on the going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 138 (2024 - 143 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 30 December 2024

and 3 January 2026

2,544,997

52,832

2,597,829

AMORTISATION

At 30 December 2024

309,862

5,093

314,955

Charge for period

103,473

2,148

105,621

At 3 January 2026

413,335

7,241

420,576

NET BOOK VALUE

At 3 January 2026

2,131,662

45,591

2,177,253

At 29 December 2024

2,235,135

47,739

2,282,874

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 30 December 2024

123,554

307,715

71,923

Additions

29,580

80,910

8,291

At 3 January 2026

153,134

388,625

80,214

DEPRECIATION

At 30 December 2024

14,437

63,729

13,384

Charge for period

6,909

32,651

7,474

At 3 January 2026

21,346

96,380

20,858

NET BOOK VALUE

At 3 January 2026

131,788

292,245

59,356

At 29 December 2024

109,117

243,986

58,539

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 30 December 2024

11,250

8,722

523,164

Additions

-

819

119,600

At 3 January 2026

11,250

9,541

642,764

DEPRECIATION

At 30 December 2024

6,386

1,567

99,503

Charge for period

2,287

949

50,270

At 3 January 2026

8,673

2,516

149,773

NET BOOK VALUE

At 3 January 2026

2,577

7,025

492,991

At 29 December 2024

4,864

7,155

423,661

6.

STOCKS

2026

2024

£

£

Stocks

138,345

118,049

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2024

£

£

Trade debtors

1,534

1,644

Other debtors

144,400

227,246

145,934

228,890

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2024

£

£

Hire purchase contracts (see note 11)

4,394

24,815

Trade creditors

349,447

289,353

Taxation and social security

303,218

313,426

Other creditors

356,289

219,877

1,013,348

847,471

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2024

£

£

Hire purchase contracts (see note 11)

-

4,394

Other creditors

2,974,556

2,845,451

2,974,556

2,849,845

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

2,794,000

2,588,197

10.

LOANS

An analysis of the maturity of loans is given below:

2026

2024

£

£

Amounts falling due within one year or on demand:

Other loans

136,541

15,090

Amounts falling due between two and five years:

Other loans - 2-5 years

180,556

257,254

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

2,794,000

2,588,197

11.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2024

£

£

Net obligations repayable:

Within one year

4,394

24,815

Between one and five years

-

4,394

4,394

29,209

Non-cancellable

operating leases

2026

2024

£

£

Within one year

137,450

137,450

Between one and five years

549,800

549,800

In more than five years

1,568,954

1,647,404

2,256,204

2,334,654

12.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2024

£

£

Hire purchase contracts

4,394

29,209

Other loans

2,974,556

2,845,451

2,978,950

2,874,660

Borrowings are secured by fixed and floating charges over the assets of the company.

Liabilities under hire purchase agreements are secured against the individual assets concerned.

13.	DEFERRED TAX

£

Balance at 30 December 2024

(57,300

)

Provided during period

57,300

Balance at 3 January 2026

-

14.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2024

value:

£

£

100

Ordinary

£1.00

100

100