REGISTERED NUMBER: 05569144 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

Howarth Trading Limited

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

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

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

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.

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

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.

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

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.