ACCOUNTS - Final Accounts

Operating profit

The operating profit is stated after charging:

Registered number: 12045639

A TO Z BROTHERS LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

A TO Z BROTHERS LIMITED

COMPANY INFORMATION

Directors	A Ayrancioglu Esq
	H Ayrancioglu Esq
	H Ayrancioglu Esq
	I Ayrancioglu Esq


Company secretary	I Ayrancioglu Esq


Registered number	12045639


Registered office	Brother House, 15a Cranford Way
	Hornsey
	London
	N8 9DG


Independent auditors	Barnes Roffe Audit Limited
	Chartered Accountants & Statutory Auditor
	Level 41A
	Tower 42
	25 Old Broad Street
	London
	EC2N 1HQ

A TO Z BROTHERS LIMITED

CONTENTS

	Page
Group strategic report	1
Directors' report	2 - 3
Independent auditors' report	4 - 8
Consolidated statement of comprehensive income	9
Consolidated balance sheet	10
Company balance sheet	11
Consolidated statement of changes in equity	12
Company statement of changes in equity	13
Consolidated statement of cash flows	14 - 15
Notes to the financial statements	16 - 32

A TO Z BROTHERS LIMITED

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 30 NOVEMBER 2025

Introduction

The directors present their strategic report accompanying the financial statemetns for the year ended 30 November 2025.

Business review

The principal activity of the company and Group consists of the wholesale distribution and cash and carry of foodstuffs and packaging to catering establishment’s i.e. restaurants, cafes, schools, retail outlets and private customers.

The company’s main strategy it to provide a complete service to both its usual business and private costumers it had gained through the pandemic when it launched the direct to customer services as the general public sought alternatives to the big supermarkets during the peak of the pandemic.

Principal risks and uncertainties

The company has always funded its operation from its own generated cash resources. Trade debtors are managed by credit and cash flow risk policies concerning the credit offered to customers as well as regular monitoring of amounts outstanding. Trade creditors are managed by ensuring that sufficient funds are available to meet payment terms.

Foreign currency risk

Although most purchases are made in sterling, the company does make purchases in Euro’s which can fluctuate. The company manages the risk by agreeing forward contracts and agreeing to pay in sterling where possible.

Future prospects

The directors expect the group to accustom itself to its customer needs and invest in new product range where permitted. This exercise will be financed through the use of retained profits.

Financial key performance indicators

Disclosure is not required regarding key financial and non-financial performance indicators for an understanding of the business.

This report was approved by the board and signed on its behalf.

H Ayrancioglu Esq

Director

Date: 28 July 2026

Page 1

A TO Z BROTHERS LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 30 NOVEMBER 2025

The directors present their report and the financial statements for the year ended 30 November 2025.

Directors' responsibilities statement

The directors are responsible for preparing the Group strategic report, the Directors' report and the consolidated 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 for the Group's financial statements and then apply them consistently;

∙make judgments 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 Group 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 the Group and to 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.

Results and dividends

The profit for the year, after taxation, amounted to £334,655 (2024 - £486,036).

Dividends paid for the year amounted to £355,980 (2024 - £397,907).

Directors

The directors who served during the year were:

A Ayrancioglu Esq

H Ayrancioglu Esq

I Ayrancioglu Esq

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the company and the Group's auditors are unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the company and the Group's auditors are aware of that information.

Page 2

A TO Z BROTHERS LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2025

Auditors

The auditors, Barnes Roffe Audit Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board and signed on its behalf.

H Ayrancioglu Esq

Director

Date: 28 July 2026

Page 3

A TO Z BROTHERS LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF A TO Z BROTHERS LIMITED

Opinion

We have audited the financial statements of A to Z Brothers Limited (the 'parent company') and its subsidiaries (the 'Group') for the year ended 30 November 2025, which comprise the Consolidated statement of comprehensive income, the Consolidated Balance Sheet, the Company Balance Sheet, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity and the related notes, 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's affairs as at 30 November 2025 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 United Kingdom, including the Financial Reporting Council'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 or 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.

Page 4

A TO Z BROTHERS LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF A TO Z BROTHERS LIMITED (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. 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. 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 course of 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.

Opinion 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 Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Group strategic report and the Directors' report 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 Directors' report.

We have nothing to report in respect of the following matters in relation to which 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.

Page 5

A TO Z BROTHERS LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF A TO Z BROTHERS LIMITED (CONTINUED)

Responsibilities of directors

As explained more fully in the Directors' responsibilities statement set out on page 2, 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 is 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.

Page 6

A TO Z BROTHERS LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF A TO Z BROTHERS LIMITED (CONTINUED)

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 Group 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:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with law and regulations, was as follows:

• The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
• We identified the laws and regulations applicable to the company through discussion with directors and other management, and from our commercial knowledge and experience of the catering supply industry;
• The specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, are as follows:
  o Companies Act 2006;
  o FRS102;
   o Food Satefy and Hygiene regulation;
  o Goods Vehicle Operator's Licence Guidelines;
  o Data Protection Act 2018;
  o Health and Safety at Work Act;
  o Employment legislation; and
  o Tax legislation.

• We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management, reviewing board minutes and inspecting legal correspondence and invoices;
• Laws and regulations were communicated within the audit team at the planning meeting, and during the audit as any further laws and regulation were identified. The audit team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur by:

• Making enquires of management as to where they consider there was susceptibility to fraud and their knowledge of actual suspected and alleged fraud;
• Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations;
• Reviewing the financial statements and testing the disclosures against supporting documentation;
• Inspecting and testing journal entries to identify unusual or unexpected transactions;
• Assessing whether judgement and assumptions made in determining significant accounting estimates, including accruals, bad debt provision and depreciation were indicative of management bias; and
• Investigating the rationale behind significant transactions, or transactions that are unusual or outside the company’s usual course of business.

The areas that we identified as being susceptible to misstatement through fraud were:

Page 7

A TO Z BROTHERS LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF A TO Z BROTHERS LIMITED (CONTINUED)

• Management bias in regard to accounting estimates and judgements made;
• Management override of controls; and
• Posting of unusual journals or transactions

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 Auditors' report.

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.

Duncan Stannett (Senior statutory auditor)

for and on behalf of

Barnes Roffe Audit Limited

Chartered Accountants

Statutory Auditor

Level 41A

Tower 42

25 Old Broad Street

London

EC2N 1HQ

28 July 2026

Page 8

A TO Z BROTHERS LIMITED

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 30 NOVEMBER 2025

	2025	2024
Note	£	£


Turnover	4	21,373,570	20,316,761
Cost of sales		(16,552,623)	(15,234,752)
Gross profit		4,820,947	5,082,009
Administrative expenses		(4,454,380)	(4,523,944)
Operating profit	5	366,567	558,065
Interest receivable and similar income	9	46,606	53,290
Interest payable and similar expenses	10	(4,466)	(3,456)
Profit before taxation		408,707	607,899
Tax on profit	11	(74,052)	(121,863)
Profit for the financial year		334,655	486,036

Profit for the year attributable to:
Owners of the parent company	334,655	486,036
	334,655	486,036

There were no recognised gains and losses for 2025 or 2024 other than those included in the consolidated statement of comprehensive income.

There was no other comprehensive income for 2025 (2024: £NIL).

The notes on pages 16 to 32 form part of these financial statements.

Page 9

A TO Z BROTHERS LIMITED

REGISTERED NUMBER: 12045639

CONSOLIDATED BALANCE SHEET

AS AT 30 NOVEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Intangible assets	13		(513,473)		(641,841)
Tangible assets	14		214,208		272,418
Investments	15		15,000		15,000
			(284,265)		(354,423)
Current assets
Stocks	16	1,215,712		1,267,067
Debtors: amounts falling due within one year	17	1,229,057		1,013,876
Cash at bank and in hand	18	1,688,902		1,667,015
		4,133,671		3,947,958
Creditors: amounts falling due within one year	19	(2,348,874)		(2,057,658)
Net current assets			1,784,797		1,890,300
Total assets less current liabilities			1,500,532		1,535,877
Provisions for liabilities
Deferred taxation	20	(53,552)		(67,572)
			(53,552)		(67,572)
Net assets			1,446,980		1,468,305

Capital and reserves
Called up share capital	21	200	200
Profit and loss account		1,446,780	1,468,105
		1,446,980	1,468,305

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

H Ayrancioglu Esq

Director

Date: 28 July 2026

The notes on pages 16 to 32 form part of these financial statements.

Page 10

A TO Z BROTHERS LIMITED

REGISTERED NUMBER: 12045639

COMPANY BALANCE SHEET

AS AT 30 NOVEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Investments	15	1	1
Current assets
Debtors: amounts falling due within one year	17	10,100	10,100
Total assets less current liabilities		10,101	10,101


Net assets		10,101	10,101

Capital and reserves
Called up share capital	21		200		200
Profit and loss account brought forward		9,901		9,901
Profit for the year		355,980		397,907
Other changes in the profit and loss account		(355,980)		(397,907)
Profit and loss account carried forward			9,901		9,901
			10,101		10,101

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

H Ayrancioglu Esq

Director

Date: 28 July 2026

The notes on pages 16 to 32 form part of these financial statements.

Page 11

A TO Z BROTHERS LIMITED

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 NOVEMBER 2025

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 December 2024	200	1,468,105	1,468,305

Profit for the year	-	334,655	334,655
Dividends	-	(355,980)	(355,980)
At 30 November 2025	200	1,446,780	1,446,980

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 NOVEMBER 2024

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 December 2023	200	1,379,976	1,380,176

Profit for the year	-	486,036	486,036
Dividends	-	(397,907)	(397,907)
At 30 November 2024	200	1,468,105	1,468,305

The notes on pages 16 to 32 form part of these financial statements.

Page 12

A TO Z BROTHERS LIMITED

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 NOVEMBER 2025

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 December 2024	200	9,901	10,101

Profit for the year	-	355,980	355,980
Dividends	-	(355,980)	(355,980)
At 30 November 2025	200	9,901	10,101

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 NOVEMBER 2024

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 December 2023	200	9,901	10,101

Profit for the year	-	397,907	397,907
Dividends	-	(397,907)	(397,907)
At 30 November 2024	200	9,901	10,101

The notes on pages 16 to 32 form part of these financial statements.

Page 13

A TO Z BROTHERS LIMITED

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 NOVEMBER 2025

			2025	2024
			£	£

Cash flows from operating activities
Profit for the financial year	334,655	486,036
Adjustments for:
Amortisation of intangible assets	(128,368)	(128,368)
Depreciation of tangible assets	69,380	91,574
Loss on disposal of tangible assets	1,429	(12,199)
Interest paid	4,466	3,456
Interest received	(46,606)	(53,290)
Taxation charge	74,052	121,863
Decrease in stocks	51,355	116,957
(Increase)/decrease in debtors	(53,181)	59,963
(Increase)/decrease in amounts owed by associates	(162,000)	300,000
Increase/(decrease) in creditors	371,895	(353,099)
Corporation tax (paid)	(137,545)	(101,773)
Net cash generated from operating activities	379,532	531,120

Cash flows from investing activities
Purchase of tangible fixed assets	(15,515)	(41,821)
Sale of tangible fixed assets	2,916	47,599
Interest received	46,606	53,290
HP interest paid	(1,931)	(3,456)
Net cash from investing activities	32,076	55,612
Cash flows from financing activities
Repayment of/new finance leases	(21,020)	(40,409)
Dividends paid	(355,980)	(397,907)
Interest paid	(2,535)	-
Net cash used in financing activities	(379,535)	(438,316)
Net increase in cash and cash equivalents	32,073	148,416
Cash and cash equivalents at beginning of year	1,654,545	1,506,129
Cash and cash equivalents at the end of year	1,686,618	1,654,545

Cash and cash equivalents at the end of year comprise:

Page 14

A TO Z BROTHERS LIMITED

CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2025

		2025	2024
		£	£


Cash at bank and in hand	1,688,902	1,667,015
Bank overdrafts	(2,284)	(12,470)
	1,686,618	1,654,545

The notes on pages 16 to 32 form part of these financial statements.

Page 15

A TO Z BROTHERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

1.	General information

A To Z Brothers Limited is a private company limited by shares and incorporated in England and Wales. the address of the registered office is Brother House, 15a Cranford Way, London, United Kingdom, N8 9DG. The principal activity of the company during the year has been that of a parent company.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgment in applying the Group's accounting policies (see note 3).

The company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of comprehensive income in these financial statements.

The following principal accounting policies have been applied:

2.2

Basis of consolidation

The consolidated financial statements present the results of the company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.

The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated statement of comprehensive income from the date on which control is obtained. They are deconsolidated from the date control ceases.

In accordance with the transitional exemption available in FRS 102, the Group has chosen not to retrospectively apply the standard to business combinations that occurred before the date of transition to FRS 102, being 19 November 2019.

2.3

Going concern

The directors continuously assess the Group's and company's performance and financial position. Since the balance sheet date the Group continues to be profitable, generating positive cashflows and the directors are confident that the Group will have sufficient funds to meet liabilities as they fall due and fund working capital requirements. On this basis the directors believe the Group and company to be a going concern for the foreseeable future.

Page 16

A TO Z BROTHERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

2.Accounting policies (continued)

2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Group has transferred the significant risks and rewards of ownership to the buyer;

∙the Group retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Group will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.5

Operating leases: the Group as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 17

A TO Z BROTHERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

2.Accounting policies (continued)

2.9

Pensions

Defined contribution pension plan

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 payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Group in independently administered funds.

2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company and the Group operate and generate income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits;

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and

∙Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Group can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 18

A TO Z BROTHERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

2.Accounting policies (continued)

2.11

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of the Group's share of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Consolidated statement of comprehensive income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.12

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. 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 charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery	-	25%
Motor vehicles	-	25%
Fixtures and fittings	-	25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if 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 in profit or loss.

2.13

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 19

A TO Z BROTHERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

2.Accounting policies (continued)

2.14

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

2.15

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.16

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

In the Consolidated statement of cash flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Group's cash management.

2.17

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.18

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.

Increases in provisions are generally charged as an expense to profit or loss.

Page 20

A TO Z BROTHERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

2.Accounting policies (continued)

2.19

Financial instruments

The Group only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.20

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

a) Critical judgements in applying the company's accounting policies

No significant judgements have had to be made by the company in preparing these financial statements.

b) Key accounting estimates and assumptions

The Group holds a significant amount of product stock and is subject to perishability as well as changing consumer demands and industry trends. As a result it is necessary to consider the recoverability of the cost of stock and the associated provisioning required. When calculating the stock provision, management considers the condition of the stock and remaining life, as well as applying assumptions around anticipated saleability.

As per note 16 the value of stock as at 30 November 2025 is £1,215,712 (2024: £1,267,067) and this includes a stock provision of £199,608 (2024: £114,238).

Furthermore, included within accruals is a dilapidation provision of £180,000 (2024: £180,000) to cover
repairs, maintenance and decorations of the leased properties.

Turnover

The whole of the turnover is attributable to the principal activity of the Group.

All turnover arose within the United Kingdom.

Page 21

A TO Z BROTHERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

Depreciation of tangible fixed assets	69,380	91,574
Other operating lease rentals	1,090,659	1,433,897
Pension costs	68,647	52,403

6.	Auditors' remuneration
		2025	2024
		£	£

Fees payable to the company's auditors for the audit of the consolidated and parent company's financial statements	17,625	17,025
Fees payable to the company's auditors in respect of:
All non-audit services not included above	5,869	7,487

7.	Employees
	Staff costs, including directors' remuneration, were as follows:

		Group	Group
		2025	2024
		£	£


Wages and salaries	2,454,130	2,219,056
Cost of defined contribution scheme	68,647	52,403
	2,522,777	2,271,459

The average monthly number of employees, including the directors, during the year was as follows:

	Group	Group	Company	Company
	2025	2024	2025	2024
	No.	No.	No.	No.

Employees	85	82	4	4

Page 22

A TO Z BROTHERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

8.	Directors' remuneration

During the year retirement benefits were accruing to 1 director (2024 - 1) in respect of defined contribution pension schemes.

9.	Interest receivable
		2025	2024
		£	£

	Other interest receivable	46,606	53,290
		46,606	53,290

10.	Interest payable and similar expenses
		2025	2024
		£	£

Bank interest payable	2,535	-
Finance leases and hire purchase contracts	1,931	3,456
	4,466	3,456

Corporation tax
Current tax on profits for the year	88,072	131,135

	Deferred tax
	Origination and reversal of timing differences	(14,020)	(9,272)


	Tax on profit	74,052	121,863

Page 23

A TO Z BROTHERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

11.Taxation (continued)

Profit on ordinary activities before tax

408,707

607,899

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)	102,177	151,975
Effects of:
Non-tax deductible amortisation of goodwill and impairment	(32,092)	(32,092)
Expenses not deductible for tax purposes, other than goodwill amortisation and impairment	3,969	(1,070)
Capital allowances for year in excess of depreciation	14,018	12,322
Deferred tax	(14,020)	(9,272)
Total tax charge for the year	74,052	121,863

Factors that may affect future tax charges

There were no factors that may affect future tax charges.

12.	Dividends
		2025	2024
		£	£

	Dividends	355,980	397,907
		355,980	397,907

Page 24

A TO Z BROTHERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

13.	Intangible assets
	Group and Company

		Goodwill
		£
	Cost
	At 1 December 2024	1,283,681
	At 30 November 2025	1,283,681
	Amortisation
	At 1 December 2024	641,840
	Charge for the year on owned assets	128,368
	At 30 November 2025	770,208
	Net book value
	At 30 November 2025	513,473
	At 30 November 2024	641,841

Page 25

A TO Z BROTHERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

14.	Tangible fixed assets
	Group

	Plant and machinery	Motor vehicles	Fixtures and fittings	Total
	£	£	£	£
Cost or valuation
At 1 December 2024	969,093	1,062,574	166,032	2,197,699
Additions	8,515	7,000	-	15,515
Disposals	(55,951)	(92,500)	(89,014)	(237,465)
At 30 November 2025	921,657	977,074	77,018	1,975,749
Depreciation
At 1 December 2024	903,363	862,571	159,347	1,925,281
Charge for the year on owned assets	17,273	14,315	1,668	33,256
Charge for the year on financed assets	-	36,124	-	36,124
Disposals	(55,949)	(88,159)	(89,012)	(233,120)
At 30 November 2025	864,687	824,851	72,003	1,761,541
Net book value
At 30 November 2025	56,970	152,223	5,015	214,208
At 30 November 2024	65,730	200,003	6,685	272,418

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
	2025	2024
	£	£


Motor vehicles	108,371	64,385
	108,371	64,385

Page 26

A TO Z BROTHERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

15.	Fixed asset investments
	Group

		Unlisted investments
		£
	Cost or valuation
	At 1 December 2024	15,000
	At 30 November 2025	15,000

	Company

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 December 2024	1
	At 30 November 2025	1

Direct subsidiary undertaking
The following was a direct subsidiary undertaking of the company:
Name	Class of shares	Holding

A to Z Catering Holdings Limited

Ordinary

100%

	The aggregate of the share capital and reserves as at 30 November 2025 and the profit or loss for the year ended on that date for the subsidiary undertaking was as follows:
	Name	Aggregate of share capital and reserves

A to Z Catering Holdings Limited

55,899

Page 27

A TO Z BROTHERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

Indirect subsidiary undertaking
The following was an indirect subsidiary undertaking of the company:
Name	Class of shares	Holding

A to Z Catering Supplies Limited

Ordinary

100%

	The aggregate of the share capital and reserves as at 30 November 2025 and the profit or loss for the year ended on that date for the subsidiary undertaking was as follows:
	Name	Aggregate of share capital and reserves

A to Z Catering Supplies Limited

1,904,454

16.	Stocks
		Group	Group
		2025	2024
		£	£

Finished goods and goods for resale	1,215,712	1,267,067
	1,215,712	1,267,067

The difference between purchase price or production cost of stocks and their replacement cost is not material.

Page 28

A TO Z BROTHERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

17.

Debtors

Group	Group	Company	Company
2025	2024	2025	2024
£	£	£	£


Trade debtors	226,857	178,377	-	-
Amounts owed by group undertakings	-	-	10,000	10,000
Amounts owed by joint ventures and associated undertakings	762,350	600,350	-	-
Other debtors	64,075	51,478	-	-
Called up share capital not paid	169	169	100	100
Prepayments and accrued income	175,606	183,502	-	-
	1,229,057	1,013,876	10,100	10,100

18.	Cash and cash equivalents
		Group	Group
		2025	2024
		£	£

Cash at bank and in hand	1,688,902	1,667,015
Less: bank overdrafts	(2,284)	(12,470)
	1,686,618	1,654,545

19.	Creditors: Amounts falling due within one year
		Group	Group
		2025	2024
		£	£

Bank overdrafts	2,284	12,470
Trade creditors	1,628,723	1,357,514
Corporation tax	28,662	78,135
Other taxation and social security	126,628	42,803
Obligations under finance lease and hire purchase contracts	-	21,020
Other creditors	122,007	118,670
Accruals and deferred income	440,570	427,046
	2,348,874	2,057,658

Page 29

A TO Z BROTHERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

20.	Deferred taxation
	Group

	2025	2024
	£	£

At beginning of year	(67,572)	(76,844)
Charged to profit or loss	14,020	9,272
At end of year	(53,552)	(67,572)

Company

	2025	2024

At end of year	-	-

		Group	Group
		2025	2024
		£	£

	Accelerated capital allowances	53,552	67,572
		53,552	67,572

Page 30

A TO Z BROTHERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

21.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

23 (2024 - 23) A Ordinary shares of £1.00 each	23	23
36 (2024 - 36) B Ordinary shares of £1.00 each	36	36
31 (2024 - 31) C Ordinary shares of £1.00 each	31	31
10 (2024 - 10) D Ordinary shares of £1.00 each	10	10

	100	100

Allotted, called up and partly paid

23 (2024 - 23) A Ordinary shares of £1.00 each	23	23
36 (2024 - 36) B Ordinary shares of £1.00 each	36	36
31 (2024 - 31) C Ordinary shares of £1.00 each	31	31
10 (2024 - 10) D Ordinary shares of £1.00 each	10	10

	100	100

22.	Pension commitments

The Group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Group in an independently administered fund. The pension cost charge represents contributions payable by the Group to the fund and amounted to £68,647 (2024: £52,403).

The amount due to the scheme at 30 November 2025 was £2,170 (2024: £2,632).

Page 31

A TO Z BROTHERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

23.	Commitments under operating leases
	At 30 November 2025 the Group and the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
		Group	Group
		2025	2024
		£	£


Not later than 1 year	1,138,992	1,138,992
Later than 1 year and not later than 5 years	4,555,968	4,555,968
Later than 5 years	2,448,358	3,587,350
	8,143,318	9,282,310

		Group	Group
		2025	2024
		£	£


Not later than 1 year	21,358	12,958
Later than 1 year and not later than 5 years	18,573	8,977
	39,931	21,935

24.	Transactions with directors

At the year end the group owed £73,589 to the directors (2024: £71,829) as disclosed in other creditors. These amounts are interest free.

During the year the directors participated in dividends of £355,980 (2024: £397,907).

25.	Related party transactions
	At the year end date the company was owed £762,350 (2024: £600,350) by companies under common control.

26.	Controlling party

There is no one controlling party.

Page 32