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REGISTERED NUMBER: 05569144 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

Howarth Trading Limited

Howarth Trading Limited (Registered number: 05569144)

Contents of the Financial Statements

for the Year Ended 30 November 2025

Page |

Company Information | 1 |

Chartered Accountants' Report | 2 |

Statement of Financial Position | 3 |

Notes to the Financial Statements | 5 |

Howarth Trading Limited

Company Information

for the Year Ended 30 November 2025

| DIRECTOR: | R M Gordon

| REGISTERED OFFICE: | T/As Scott Road Pharmacy

| Scott Road

| Selby

| North Yorkshire

| YO8 4BL

| REGISTERED NUMBER: | 05569144 (England and Wales)

| ACCOUNTANTS: | Ford Campbell Freedman Limited

| Chartered accountants

| 2nd Floor

| 33 Park Place

| Leeds

| LS1 2RY

| BANKERS: | Barclays Bank Plc

| 2nd Floor

| 1 Park Row

| Leeds

| LS1 5WU

Chartered Accountants' Report to the Director

on the Unaudited Financial Statements of

Howarth Trading Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Howarth Trading Limited for the year ended 30 November 2025 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Howarth Trading Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Howarth Trading Limited and state those matters that we have agreed to state to the director of Howarth Trading Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Howarth Trading Limited and its director for our work or for this report.

It is your duty to ensure that Howarth Trading Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Howarth Trading Limited. You consider that Howarth Trading Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Howarth Trading Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ford Campbell Freedman Limited

Chartered accountants

2nd Floor

33 Park Place

Leeds

LS1 2RY

14 August 2026

Howarth Trading Limited (Registered number: 05569144)

Statement of Financial Position

30 November 2025

2025 | 2024 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Intangible assets | 5 | - |  | - |  |

Tangible assets | 6 | 9,491 |  | 16,022 |  |

9,491 |  | 16,022 |  |

CURRENT ASSETS

Stocks | 75,884 |  | 77,758 |  |

Debtors | 7 | 386,577 |  | 478,542 |  |

Cash at bank and in hand | 352,445 |  | 315,690 |  |

814,906 |  | 871,990 |  |

CREDITORS

Amounts falling due within one year | 8 | 408,267 |  | 413,997 |  |

NET CURRENT ASSETS | 406,639 |  | 457,993 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 416,130 |  | 474,015 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (163,313 | ) | (295,064 | ) |

PROVISIONS FOR LIABILITIES | (1,565 | ) | (1,700 | ) |

NET ASSETS | 251,252 |  | 177,251 |  |

CAPITAL AND RESERVES

Called up share capital | 1,000 |  | 1,000 |  |

Retained earnings | 250,252 |  | 176,251 |  |

251,252 |  | 177,251 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Howarth Trading Limited (Registered number: 05569144)

Statement of Financial Position - continued

30 November 2025

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 director and authorised for issue on 14 August 2026 and were signed by:

R M Gordon - Director

Howarth Trading Limited (Registered number: 05569144)

Notes to the Financial Statements

for the Year Ended 30 November 2025

1. | STATUTORY INFORMATION

| Howarth Trading 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. | 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" including the provisions of Section 1A "Small Entities" 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.

| Going concern

| Having reviewed the current and forecast trading performance of the company, the director is satisfied that the company has adequate resources to continue in operational existence for a period of at least 12 months from the date of approval of these accounts and to meet it's liabilities as they fall due.

| Significant judgements and estimates

| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

| Turnover

| The turnover shown in the Statement of Income and Retained Earnings represents prescription income and over the counter sales made during the year, exclusive of Value Added Tax.

| Amortisation

| Amortisation is so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Goodwill |  | - |  | over 11 years |  |

| If there is an indication that there has been significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

| Tangible fixed assets

| Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment loss.

| Depreciation

| Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Leasehold property |  | - |  | over the term of the lease |  |

| Fixtures, fittings & equipment |  | - |  | 25% straight line |  |

| Motor vehicles |  | - |  | 25% straight line |  |

| Office equipment |  | - |  | 25% straight line |  |

| Stocks

| Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Howarth Trading Limited (Registered number: 05569144)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 9 (2024 - 9 ) .

5. | INTANGIBLE FIXED ASSETS

Goodwill |

| £

| COST

| At 1 December 2024

| and 30 November 2025 | 1,600,000 |  |

| AMORTISATION

| At 1 December 2024

| and 30 November 2025 | 1,600,000 |  |

| NET BOOK VALUE

| At 30 November 2025 | - |  |

| At 30 November 2024 | - |  |

6. | TANGIBLE FIXED ASSETS

Fixtures |  |

Long | and | Motor | Computer |  |

leasehold | fittings | vehicles | equipment | Totals |

| £ | £ | £ | £ | £

| COST

| At 1 December 2024 | 80,000 |  | 20,529 |  | 8,499 |  | 1,459 |  | 110,487 |  |

| Additions | - |  | 446 |  | - |  | 874 |  | 1,320 |  |

| At 30 November 2025 | 80,000 |  | 20,975 |  | 8,499 |  | 2,333 |  | 111,807 |  |

| DEPRECIATION

| At 1 December 2024 | 71,552 |  | 20,401 |  | 1,771 |  | 741 |  | 94,465 |  |

| Charge for year | 5,333 |  | 61 |  | 2,124 |  | 333 |  | 7,851 |  |

| At 30 November 2025 | 76,885 |  | 20,462 |  | 3,895 |  | 1,074 |  | 102,316 |  |

| NET BOOK VALUE

| At 30 November 2025 | 3,115 |  | 513 |  | 4,604 |  | 1,259 |  | 9,491 |  |

| At 30 November 2024 | 8,448 |  | 128 |  | 6,728 |  | 718 |  | 16,022 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

| £ | £

| Trade debtors | 142,953 |  | 151,071 |  |

| Other debtors | 243,624 |  | 327,471 |  |

386,577 |  | 478,542 |  |

Howarth Trading Limited (Registered number: 05569144)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

| £ | £

| Bank loans and overdrafts | 46,995 |  | 56,400 |  |

| Trade creditors | 236,528 |  | 269,075 |  |

| Taxation and social security | 118,321 |  | 81,524 |  |

| Other creditors | 6,423 |  | 6,998 |  |

408,267 |  | 413,997 |  |

| Bank loans of £46,995 (2024: £56,400) are secured by a fixed and floating charge over the assets of the company.

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

| £ | £

| Bank loans | 163,313 |  | 295,064 |  |

| Bank loans of £163,313 (2024: £295,064 ) are secured by a fixed and floating charge over the assets of the company.

10. | LEASING AGREEMENTS

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

2025 | 2024 |

| £ | £

| Within one year | 45,000 |  | 45,000 |  |

| Between one and five years | 135,000 |  | 180,000 |  |

180,000 |  | 225,000 |  |

11. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 30 November 2025 and 30 November 2024:

2025 | 2024 |

| £ | £

| R M Gordon

| Balance outstanding at start of year | 196,565 |  | 151,264 |  |

| Amounts advanced | 64,000 |  | 102,301 |  |

| Amounts repaid | (120,510 | ) | (57,000 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 140,055 |  | 196,565 |  |

| The director was not charged interest on the amounts owed to company during the current or prior year.

12. | CONTROLLING PARTY

| The controlling party is R M Gordon.