Specialist Foods Limited

Financial Statements for the Year Ended 31 December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr M R Pullan

SECRETARY:

Mrs A Pullan

REGISTERED OFFICE:

Red Sky House

Fairclough Hall

Halls Green

Weston

Hertfordshire

SG4 7DP

REGISTERED NUMBER:

03591268 (England and Wales)

ACCOUNTANTS:

Hargreaves Owen Ltd

Chartered Certified Accountants

Red Sky House

Fairclough Hall, Halls Green

Weston

Hertfordshire

SG4 7DP

FIXED ASSETS

Tangible assets

4

25,084

33,445

Investments

5

205,778

180,189

230,862

213,634

CURRENT ASSETS

Stocks

1,352,562

1,128,681

Debtors

6

1,706,355

1,584,951

Cash at bank and in hand

797,460

238,977

3,856,377

2,952,609

CREDITORS

Amounts falling due within one year

7

3,778,881

2,848,127

NET CURRENT ASSETS

77,496

104,482

TOTAL ASSETS LESS CURRENT
LIABILITIES

308,358

318,116

CAPITAL AND RESERVES

Called up share capital

2

Revaluation reserve

8

82,527

56,938

Retained earnings

225,829

261,176

SHAREHOLDERS' FUNDS

308,358

318,116

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 August 2026 and were signed by:

Mr M R Pullan - Director

1.	STATUTORY INFORMATION

Specialist Foods 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Improvements to property

-

25% on cost

Plant and machinery

-

50% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

COST

At 1 January 2025

and 31 December 2025

13,600

7,307

15,095

78,005

114,007

DEPRECIATION

At 1 January 2025

13,600

7,305

14,561

45,096

80,562

Charge for year

-

134

8,227

8,361

At 31 December 2025

13,600

7,305

14,695

53,323

88,923

NET BOOK VALUE

At 31 December 2025

-

2

400

24,682

25,084

At 31 December 2024

-

2

534

32,909

33,445

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2025

180,189

Revaluations

25,589

At 31 December 2025

205,778

NET BOOK VALUE

At 31 December 2025

205,778

At 31 December 2024

180,189

Cost or valuation at 31 December 2025 is represented by:

Other

investments

£

Valuation in 2022

81,053

Valuation in 2023

9,640

Valuation in 2024

14,496

Valuation in 2025

25,589

Cost

75,000

205,778

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

987,707

1,115,003

Other debtors

22,314

24,553

VAT

174,064

131,308

Prepayments and accrued income

522,270

314,087

1,706,355

1,584,951

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

3,479,655

2,461,372

Corporation tax

23,025

27,408

PAYE

19

-

Other creditors

269,893

-

Credit card

2,164

1,598

Directors' current accounts

2,625

2,313

Accrued expenses

1,500

355,436

3,778,881

2,848,127

8.

RESERVES

Revaluation

reserve

£

At 1 January 2025

56,938

NFU investment revaluation

25,589

At 31 December 2025

82,527