REGISTERED NUMBER: 03047020 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

PETER H SMITH LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G V Duijvenbode

R Hoek

Hoek Group Uk Holdings Ltd

REGISTERED OFFICE:

Peter H Smith

Chain Caul Way Riversway

Ashton On Ribble

Preston Lancashire

PR2 2YL

REGISTERED NUMBER:

03047020 (England and Wales)

AUDITORS:

Bishops Audit Limited

1 Croft Court

Whitehills Business Park

Blackpool

Lancashire

FY4 5PR

FIXED ASSETS

Intangible assets

4

122,125

-

Tangible assets

5

109,590

127,761

231,715

127,761

CURRENT ASSETS

Stocks

253,624

229,779

Debtors

6

2,096,026

1,757,103

Cash at bank and in hand

233,229

55,325

2,582,879

2,042,207

CREDITORS

Amounts falling due within one year

7

2,545,151

1,938,737

NET CURRENT ASSETS

37,728

103,470

TOTAL ASSETS LESS CURRENT LIABILITIES

269,443

231,231

CREDITORS

Amounts falling due after more than one year

8

-

(3,892

)

PROVISIONS FOR LIABILITIES

10

(22,130

)

(26,337

)

NET ASSETS

247,313

201,002

CAPITAL AND RESERVES

Called up share capital

150,020

150,020

Retained earnings

97,293

50,982

SHAREHOLDERS' FUNDS

247,313

201,002

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 Board of Directors and authorised for issue on 14 September 2026 and were signed on its behalf by:

R Hoek - Director

1.	STATUTORY INFORMATION

Peter H Smith 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.	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.

The financial statements have been prepared on the going concern basis, which assumes the continuing support of the company's director, bankers and other creditors. The director believes this support will continue and is satisfied that the company is a going concern.

The financial statements are rounded to the nearest Pound Sterling (£).

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 2025, is being amortised evenly over its estimated useful life of five 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 etc

-

33% on reducing balance, 25% on cost, 25% on reducing balance, 20% on cost and 15% 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.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

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

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 37 (2024 - 43 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

149,625

At 31 December 2025

149,625

AMORTISATION

Charge for year

27,500

At 31 December 2025

27,500

NET BOOK VALUE

At 31 December 2025

122,125

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2025

413,806

116,153

24,003

553,962

Additions

27,590

-

5,175

32,765

Disposals

-

(27,000

)

-

(27,000

)

At 31 December 2025

441,396

89,153

29,178

559,727

DEPRECIATION

At 1 January 2025

365,628

58,973

1,600

426,201

Charge for year

23,446

12,779

5,836

42,061

Eliminated on disposal

-

(18,125

)

-

(18,125

)

At 31 December 2025

389,074

53,627

7,436

450,137

NET BOOK VALUE

At 31 December 2025

52,322

35,526

21,742

109,590

At 31 December 2024

48,178

57,180

22,403

127,761

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Trade debtors

584,230

443,975

Amounts owed by group undertakings

1,426,460

1,290,668

Other debtors

85,336

22,460

2,096,026

1,757,103

Other debtors are made up of the following:

31/12/25

31/12/24

Prepayments

1,628

8,143

Other

83,708

14,317

85,336

22,460

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Hire purchase contracts (see note 9)

3,892

6,667

Trade creditors

167,007

117,085

Amounts owed to group undertakings

2,195,850

1,668,634

Taxation and social security

111,485

121,604

Other creditors

66,917

24,747

2,545,151

1,938,737

Other creditors are made up of the following:

31/12/25

31/12/24

Accruals

66,917

24,747

66,917

24,747

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/25

31/12/24

£

£

Hire purchase contracts (see note 9)

-

3,892

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31/12/25

31/12/24

£

£

Net obligations repayable:

Within one year

3,892

6,667

Between one and five years

-

3,892

3,892

10,559

Non-cancellable

operating leases

31/12/25

31/12/24

£

£

Within one year

164,444

166,667

Between one and five years

53,333

217,778

217,777

384,445

10.	PROVISIONS FOR LIABILITIES

31/12/25

31/12/24

£

£

Deferred tax

22,130

26,337

Deferred

tax

£

Balance at 1 January 2025

26,337

Provided during year

(4,207

)

Balance at 31 December 2025

22,130

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion

We were not appointed as auditor of the company until after 31 December 2024 and thus did not observe the counting of physical inventories at the end of the year 31 December 2024. We were unable to satisfy ourselves by alternative means concerning the inventory quantities held at 31 December 2024, which are included in the opening balance sheet at £229,779, by using other audit procedures.

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 Auditor's 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.

David Evans BA FCA (Senior Statutory Auditor)

for and on behalf of Bishops Audit Limited

12.	RELATED PARTY DISCLOSURES

The intercompany loans have not been discounted to present value as under the terms of the loans they are repayable on demand.

The balances on the intercompany loans at the period end are as follows:

£83,591 ( 2024- £296,673 ) owed from Hoek Group BV , the 95% parent company to Peter H Smith Ltd.

During the year , Peter H Smith Ltd made sales totalling £697,780 ( 2024-£928,759) to Hoek Flowers UK Ltd, a subsidiary 100% owned by the parent company Hoek Group BV.

During the year , Peter H Smith Ltd made sales totalling £512,327 ( 2024- £406,995) to Hoek Flowers BV, a subsidiary 100% owned by the parent company Hoek Group BV.

During the year, Peter H Smith Ltd had purchases totalling £4,918,290 ( 2024- £3,029,684) from Hoek Flowers UK Ltd, a subsidiary 100% owned by the parent company Hoek Group BV.

During the year, Peter H Smith Ltd had purchases totalling £347,920 ( 2024- Nil) from Hoek Flowers BV, a subsidiary 100% owned by the parent company Hoek Group BV.

During the year, Peter H Smith Ltd had purchases totalling £41,883 ( 2024- Nil) from Hoek Group BV, the parent company.

At the year end, the group trading balances are as follows:

£919,322 ( 2024- £406,995) owed from Hoek Flowers BV , a subsidiary 100% owned by the parent company Hoek Group BV.

£423, 540 ( 2024- £587,000 ) owed from Hoek Flowers UK LTD , a subsidiary 100% owned by the parent company Hoek Group BV.

£1,790,027 ( 2024- £1,652,614) owed to Hoek Flowers UK Ltd, a subsidiary 100% owned by the parent company Hoek Group BV.

£57, 903 ( 2024- £16,020) owed to Hoek Group BV, the parent company.

£347,920 ( 2024- Nil) owed to Hoek Flowers BV, a subsidiary 100% owned by the parent company Hoek Group BV.

13.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Hoek Group B.V, company number: 28050358, registered office Boulevard 60 ,2225AE KATWIJK ZH, The Netherlands. A copy of the Group accounts can be obtained from The Netherlands Chamber of Commerce KVK website.