REGISTERED NUMBER: 06629345 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

MULLACO (DEWSBURY) LTD

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Statement of Directors' Responsibilities

4

Report of the Independent Auditors

5

Income Statement

9

Other Comprehensive Income

10

Statement of Financial Position

11

Statement of Changes in Equity

12

Statement of Cash Flows

13

Notes to the Statement of Cash Flows

14

Notes to the Financial Statements

16

DIRECTORS:

A Mulla

A Mulla

A Mulla

REGISTERED OFFICE:

Slaithwaite Road

Dewsbury

West Yorkshire

WF12 0AA

REGISTERED NUMBER:

06629345 (England and Wales)

AUDITORS:

Shenward LLP

Chartered Accountants & Statutory Auditors

Summit House

Woodland Park

Bradford Road

Cleckheaton

West Yorkshire

BD19 6BW

The directors present their strategic report for the year ended 31 August 2025.

REVIEW OF BUSINESS

The results of the company for the year show a total turnover of £11,002,035.51 (2024: £11,645,439) and a profit after tax of £4,203 (2024: £108,631). The shareholders' funds total £1,479,036 (2024: £1,474,833).

PRINCIPAL RISKS AND UNCERTAINTIES

The process of risk acceptance and risk management is addressed through a framework of policies, procedures and internal controls. All policies are subject to management approval and ongoing review.

The company has developed a framework for identifying risks to which it is exposed and the impact on economic capital on each of those risks.

The principal risks that the directors considers the company faces are from fluctuations in inflation resulting in inaccurate pricing and changes to customers demands and tastes. The directors maintain a system of monitoring the key risks to the company and the key financial performance indicators and ensures that the company complies with the strict regulatory controls under which it operates.

STRATEGY

The continuing success of the company is dependent upon strong supplier relationships and proper selection, training and retention of personnel, who are core to the success of the company as a whole.

The company will continue to consolidate its existing position whilst also looking to expand this position through the diversification of products where possible.

KEY PERFORMANCE INDICATORS

The directors consider that the company's key financial performance indicators are those which communicate the financial performance and strength of the company as a whole. The company uses IT systems to measure several key performance indicators against its targets including turnover and profit.

The directors consider that the company is continuing to perform in line with the expectations of the Board.

FUTURE DEVELOPMENTS

The directors are confident about the continuing financial performance of the company. However, the directors continue to monitor the impact of local competition and the wider economy on the company.

ON BEHALF OF THE BOARD:

A Mulla - Director

29 August 2026

The directors present their report with the financial statements of the company for the year ended 31 August 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of a supermarket and online retail.

DIVIDENDS

No dividends will be distributed for the year ended 31 August 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 September 2024 to the date of this report.

A Mulla

A Mulla

A Mulla

POLITICAL DONATIONS AND EXPENDITURE

Donations totalling £4,151 were made to support less privileged people.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Shenward LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

A Mulla - Director

29 August 2026

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the 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 United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), 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 of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements 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 company 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 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Opinion

We have audited the financial statements of Mullaco (Dewsbury) Ltd (the 'company') for the year ended 31 August 2025 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the Statement of Cash Flows, Notes to the Financial Statements, 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 company's affairs as at 31 August 2025 and of its 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 company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'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 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.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report, the Report of the Directors and the Statement of Directors' Responsibilities, but does not include the financial statements and our Report of the Auditors thereon.

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.

In connection with our audit of the financial statements, 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 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.

Opinions 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 Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors 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 company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the 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.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page four, 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 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 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 company or to cease operations, or have no realistic alternative but to do so.

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 a Report of the Auditors 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 financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the Company and management.

Based on our understanding of the company and industry, we identified that the principal risks of non-compliance with laws and regulations related to UK tax legislation and regulations which governs the preparation of the financial statements, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the financial statements such as the Companies Act 2006. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries to increase profit, through management bias in manipulation of accounting estimates or accounting for significant transactions outside the normal course of business.

Audit procedures performed included, but not limited to:

- Enquiry of management around actual and potential litigation claims and instances of non-compliance with laws and regulations;

- Auditing the risk of management override of controls, through testing journal entries and other adjustments for appropriateness, testing accounting estimates (because of the risk of management bias), and evaluating the business rationale of significant transactions outside the normal course of business;

- Reviewing financial statements disclosures and agreeing to supporting documentation to assess compliance with applicable laws and regulations; and

- Review of board meeting minutes (where held).

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 Report of the Auditors.

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 a Report of the Auditors 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.

Sherad Dewedi (Senior Statutory Auditor)

for and on behalf of Shenward LLP

Chartered Accountants & Statutory Auditors

Summit House

Woodland Park

Bradford Road

Cleckheaton

West Yorkshire

BD19 6BW

29 August 2026

TURNOVER

11,002,036

11,645,439

Cost of sales

8,845,105

9,497,841

GROSS PROFIT

2,156,931

2,147,598

Administrative expenses

2,149,494

2,024,606

7,437

122,992

Other operating income

12,100

12,000

OPERATING PROFIT

5

19,537

134,992

Interest payable and similar expenses

6

16,975

22,822

PROFIT BEFORE TAXATION

2,562

112,170

Tax on profit

7

(1,641

)

30,288

PROFIT FOR THE FINANCIAL YEAR

4,203

81,882

PROFIT FOR THE YEAR

4,203

81,882

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

4,203

81,882

FIXED ASSETS

Intangible assets

8

-

-

Tangible assets

9

1,814,958

1,791,559

1,814,958

1,791,559

CURRENT ASSETS

Stocks

10

1,090,141

481,622

Debtors

11

45,836

17,748

Cash at bank and in hand

9,974

43,711

1,145,951

543,081

CREDITORS

Amounts falling due within one year

12

1,291,684

549,685

NET CURRENT LIABILITIES

(145,733

)

(6,604

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,669,225

1,784,955

CREDITORS

Amounts falling due after more than one year

13

(158,593

)

(276,885

)

PROVISIONS FOR LIABILITIES

15

(31,596

)

(33,237

)

NET ASSETS

1,479,036

1,474,833

CAPITAL AND RESERVES

Called up share capital

16

100

100

Retained earnings

17

1,478,936

1,474,733

SHAREHOLDERS' FUNDS

1,479,036

1,474,833

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2026 and were signed on its behalf by:

A Mulla - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 September 2023

100

1,392,851

1,392,951

Changes in equity

Total comprehensive income

-

81,882

81,882

Balance at 31 August 2024

100

1,474,733

1,474,833

Changes in equity

Total comprehensive income

-

4,203

4,203

Balance at 31 August 2025

100

1,478,936

1,479,036

Cash flows from operating activities

Cash generated from operations

1

39,221

174,633

Interest paid

(16,975

)

(22,822

)

Tax paid

(79,145

)

(9,653

)

Net cash from operating activities

(56,899

)

142,158

Cash flows from investing activities

Purchase of tangible fixed assets

(57,000

)

-

Net cash from investing activities

(57,000

)

-

Cash flows from financing activities

Loan repayments in year

(56,081

)

(54,708

)

Amount withdrawn by directors

(62,211

)

(101,940

)

Net cash from financing activities

(118,292

)

(156,648

)

Decrease in cash and cash equivalents

(232,191

)

(14,490

)

Cash and cash equivalents at beginning of year

2

43,711

58,201

Cash and cash equivalents at end of year

2

(188,480

)

43,711

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

Profit before taxation

2,562

112,170

Depreciation charges

33,601

30,054

Finance costs

16,975

22,822

53,138

165,046

(Increase)/decrease in stocks

(608,519

)

236,905

Increase in trade and other debtors

(28,088

)

(6,538

)

Increase/(decrease) in trade and other creditors

622,690

(220,780

)

Cash generated from operations

39,221

174,633

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 31 August 2025

31.8.25

1.9.24

£

£

Cash and cash equivalents

9,974

43,711

Bank overdrafts

(198,454

)

-

(188,480

)

43,711

Year ended 31 August 2024

31.8.24

1.9.23

£

£

Cash and cash equivalents

43,711

58,201

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1.9.24

Cash flow

At 31.8.25

£

£

£

Net cash

Cash at bank and in hand

43,711

(33,737

)

9,974

Bank overdrafts

-

(198,454

)

(198,454

)

43,711

(232,191

)

(188,480

)

Debt

Debts falling due after 1 year

(173,762

)

56,081

(117,681

)

(173,762

)

56,081

(117,681

)

Total

(130,051

)

(176,110

)

(306,161

)

1.	STATUTORY INFORMATION

Mullaco (Dewsbury) Ltd 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" 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.

Judgements and key sources of estimation uncertainty

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. Details of these judgements can be found in the accounting policies.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of eleven 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.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the income statement.

Impairment of fixed assets

At each reporting end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Recoverable amount is the higher of fair value less costs to sell and value in use. If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply.

Stocks

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

At each reporting end date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its cost and net realisable value is recognised as an impairment loss in the income statement. Reversals of impairment losses are also recognised in the income statement.

Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially recorded at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party,

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recorded at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities in payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

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.

Provisions for liabilities

Provisions are made when an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Income Statement in the year that the company becomes aware of the obligation, and are measured at the best estimate at the Statement of Financial Position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

4.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

1,618,555

1,516,682

Other pension costs

18,731

18,501

1,637,286

1,535,183

The average number of employees during the year was as follows:

2025

2024

75

78

2025

2024

£

£

Directors' remuneration

71,762

76,147

5.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

£

Depreciation - owned assets

33,601

30,054

Auditors' remuneration

7,875

7,500

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Bank interest paid

1,897

-

Bank loan interest

13,238

22,822

Interest on overdue tax

1,840

-

16,975

22,822

7.

TAXATION

Analysis of the tax (credit)/charge

The tax (credit)/charge on the profit for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

-

32,779

Deferred tax

(1,641

)

(2,491

)

Tax on profit

(1,641

)

30,288

Reconciliation of total tax (credit)/charge included in profit and loss

The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2025

2024

£

£

Profit before tax

2,562

112,170

Profit multiplied by the standard rate of corporation tax in the UK of 19% (2024 - 23.779%)

487

26,673

Effects of:

Expenses not deductible for tax purposes

789

-

Capital allowances in excess of depreciation

(5,149

)

-

Depreciation in excess of capital allowances

-

6,106

Deferred Tax

(1,641

)

(2,491

)

Losses to carry forward

3,873

-

Total tax (credit)/charge

(1,641

)

30,288

The company has £20,383 of losses available to carry forward.

8.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

70,000

AMORTISATION

At 1 September 2024

and 31 August 2025

70,000

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

-

9.	TANGIBLE FIXED ASSETS

Fixtures

Land and

Plant and

and

Building

machinery

fittings

£

£

£

COST

At 1 September 2024

1,634,440

138,015

628,929

Additions

-

-

57,000

At 31 August 2025

1,634,440

138,015

685,929

DEPRECIATION

At 1 September 2024

-

112,119

512,542

Charge for year

-

3,884

26,008

At 31 August 2025

-

116,003

538,550

NET BOOK VALUE

At 31 August 2025

1,634,440

22,012

147,379

At 31 August 2024

1,634,440

25,896

116,387