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Registered number:
FOR THE YEAR ENDED 31 OCTOBER 2025
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EBC HOLDINGS LIMITED
COMPANY INFORMATION
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EBC HOLDINGS LIMITED
CONTENTS
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EBC HOLDINGS LIMITED
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 OCTOBER 2025
The Directors are pleased to present the Group Strategic Report and Consolidated Financial Statements for the year ended 31 October 2025.
The Directors and shareholder are pleased with the Group's performance during the year and remain confident in the Group's prospects for continued growth.
Despite ongoing global economic uncertainty and cost pressures affecting employment, raw materials and supply chains, the Group continues to demonstrate resilience. Pricing is reviewed regularly and adjusted progressively and responsibly where appropriate to reflect changes in costs while maintaining the Group's competitive position. The Group's principal business remains the manufacture and sale of braking products under the EBC trademark, serving the automotive enthusiast, performance, motorcycle and utility vehicle markets. The EBC brand continues to be a significant driver of the business, supported by its worldwide reputation for quality, extensive product range and strong consumer recognition. The Group continues to focus on the high-end enthusiast and performance braking sectors rather than competing primarily in the lower-priced service parts market. The motorcycle market also remains an important part of the Group's business and continues to perform well. The Group continues to benefit from significant financial strength, enabling it to support its ongoing operations and planned investment without reliance on external borrowing. In-house manufacture accounts for more than 85% of the products sold by the Group. The Group continues to invest significantly in manufacturing capability, research and development, machinery and production processes to support product quality, capacity and future growth.
The Group remains mindful of continuing economic and geopolitical uncertainty and the potential impact of cost pressures and disruption to international markets and supply chains. However, its substantial in-house manufacturing capability, established brand, diversified international customer base and strong financial position provide considerable resilience.
The Group maintains substantial and carefully managed stockholdings across its worldwide operations, supported by an active stock obsolescence policy. The Group also benefits from a large and diversified customer base and continues to manage its operations without external borrowings. The principal financial risks arising from the Group's activities include market, currency and credit risk. These risks are mitigated by the Group's geographical diversification, broad customer base and established financial controls. The Directors regularly reviews the policies and procedures used to manage these risks. Market risk The Group operates across both the motorcycle and high-end automotive sectors and sells its products into numerous geographical markets. This diversification reduces the Group's dependence on any single market, customer group or geographical territory.
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EBC HOLDINGS LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
Currency risk
The Group trades internationally and therefore has exposure to movements in foreign exchange rates. However, sales are broadly diversified across the Group's principal trading currencies, including US Dollars, Sterling and Euros, which provides a degree of natural mitigation against currency movements. Currency exposures and exchange rate movements are monitored regularly by management. Interest rate risk The Group finances its operations principally through retained profits and working capital. As the Group does not rely on external borrowings, its direct exposure to changes in interest rates remains limited. Price risk The Group regularly reviews its pricing structures in response to changes in market conditions, manufacturing and employment costs, raw material prices, regulatory requirements and other external factors. The Group seeks to maintain appropriate pricing while preserving the competitiveness and premium positioning of the EBC brand. Credit risk The Group manages credit risk through its established and diversified customer base, strong product offering and recognised brand. New customers are subject to appropriate creditworthiness checks and clear commercial and contractual arrangements are established. Credit limits for new and existing customers are determined using a combination of payment history, trading experience and external credit information where appropriate. Credit limits, debt ageing and collection performance are reviewed regularly by the Credit Controller and Head of Finance. The Group's broad customer base and established credit-control procedures help to limit its exposure to individual customer defaults.
2025 2024 %
Turnover £45,390,563 £44,458,310 2.10% Gross Profit Margin 54.4% 54.3% 0.10% EBITDA £11,323,323 £9,967,129 13.61%
Average number of employees has decreased by 1.6% from 245 to 241.
As required by Section 172 of the Companies Act, a Director of a Company must act in a way he considers, in good faith, would likely promote the success of the Company for the benefit of its Shareholder. All decisions are considered taking into account the impact of any decisions in the long term.
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EBC HOLDINGS LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
Employees
EBC Holdings Limited and its subsidiaries have always had regard for the interests of its employees and tries to engage the work force. The Company Directors and Senior Management team work hard to create a positive environment with opportunities for its employees to reach their potential. Many of our employees have worked for EBC Holdings Limited for many years and the Company recognises long serving employees. EBC Holdings Limited offers stable employment to its employees. Customers and Suppliers The Group has strong trademarks and operates in a market where reputation is key to the longevity of the business and future opportunities. We use suppliers locally where possible and ensure payment to terms in order to ensure continuing supplies and service of the best quality. Community and Environment EBC Holdings Limited supports its local community by sourcing its labour needs locally wherever possible. It contributes to charities both locally and nationally. EBC Holdings Limited recognises its responsibility in reducing, where possible, its environmental impact, and communicating environmental awareness throughout the Group. Disabled employees The Group is committed to fostering an inclusive workplace and ensuring equal opportunities for individuals with disabilities. We provide full and fair consideration to all applications for employment from disabled persons, ensuring our recruitment processes are accessible ad inclusive. If an employee becomes disabled during their employment, we strive to support their continued employment by making reasonable adjustments and providing appropriate training to facilitate their role. We actively promote training, career development, and advancement of disabled employees, ensuring they have access to opportunities for growth and progression within the Group. Environmental Commitment The Group aim is to reduce levels of waste from the Group processes and, where practical, re use or recycle waste materials. Where practical, materials which constitute a significant part of the Group's processes will be sourced from environmentally responsible suppliers. The Group will monitor energy use and use energy efficiently, including investigating energy efficient technologies. The Group also have solar panels in order to generate energy environmentally. The Group will monitor fuel use and promote fuel efficiency through technology, careful planning and careful driving. The Group will provide employees with environmental training, instruction and procedures relevant to their tasks and responsibilities. The Group will ensure our activities do not create a nuisance to our neighbours by continuing to work sociably acceptable hours and regularly monitoring noise levels. Continual improvement and the setting of objectives and targets which are reviewed annually working to achieve a zero to landfill status.
This report was approved by the board and signed on its behalf.
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EBC HOLDINGS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 OCTOBER 2025
The Directors present their report and the financial statements for the year ended 31 October 2025.
The profit for the year, after taxation, amounted to £7,274,551 (2024 - £6,965,560).
During the year the Company paid dividends of £7,456,895 (2024: £10,397,944) to its shareholder.
The Director who served during the year was:
The Directors are responsible for preparing the Group Strategic Report, the Directors' Report and the consolidated financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the Directors are required to:
∙select suitable accounting policies for the Group's financial statements and then apply them consistently;
∙make judgements and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group 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 the Group and to 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 the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Group continues to prosper with its multi segment brake market approach embracing new industries such as electric vehicles and public transport braking systems to underpin its future whilst continuing to actively support it’s global existing customer base.
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EBC HOLDINGS LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
The Company and Group have assessed their energy and carbon usage for the period. The Directors, in their assessment, have concluded that the Company qualifies as a low energy user and has therefore taken advantage of the exemption from reporting on its own usage. The members of the Group are, individually, not obliged to report on their own energy and carbon usage, and as a result, the Directors have taken advantage of the option to exclude this information from the Group report.
There have been no significant events affecting the Group since the year end.
The auditor, MHA, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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EBC HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF EBC HOLDINGS LIMITED
We have audited the financial statements of EBC Holdings Limited (the 'Parent Company') and its subsidiaries (the 'Group') for the year ended 31 October 2025, which comprise the Consolidated Statement of Comprehensive Income, the , the Consolidated Balance Sheet, the Company Balance Sheet, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity and the related notes, including material 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 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 Group's or the Parent 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.
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EBC HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF EBC HOLDINGS LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's Report thereon. The Directors are responsible for the other information contained within the Annual Report. 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. 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 course of 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.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Group Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Group Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Group and the parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Director's Report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
• adequate accounting records have not been kept by the parent Company, or returns adequate for our audit have not been received from branches not visited by us; or; • the parent Company 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.
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EBC HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF EBC HOLDINGS LIMITED (CONTINUED)
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 an Auditor's Report 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 Group financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:
• enquiry of management and those charged with governance around actual, potential or suspected litigation, claims, non-compliance with applicable laws and regulations and fraud;
•enquiry of entity staff in tax and compliance functions to identify any instances of non-compliance with laws and regulations;
• performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias; • reviewing financial statement disclosures and testing to supporting documentation to access compliance with applicable laws and regulations;
•performing audit work over the recognition of revenue occurring at the year end to provide assurance over cut off.
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 Auditor's Report.
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EBC HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF EBC HOLDINGS LIMITED (CONTINUED)
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 an Auditor's Report 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.
for and on behalf of
Chartered Accountants
Statutory Auditor
Northampton, United Kingdom
MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number OC455542)
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EBC HOLDINGS LIMITED
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 OCTOBER 2025
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EBC HOLDINGS LIMITED
REGISTERED NUMBER: 03106172
CONSOLIDATED BALANCE SHEET
AS AT 31 OCTOBER 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 18 to 41 form part of these financial statements.
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EBC HOLDINGS LIMITED
REGISTERED NUMBER: 03106172
COMPANY BALANCE SHEET
AS AT 31 OCTOBER 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 18 to 41 form part of these financial statements.
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EBC HOLDINGS LIMITED
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2025
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EBC HOLDINGS LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2025
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EBC HOLDINGS LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 OCTOBER 2025
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EBC HOLDINGS LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
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EBC HOLDINGS LIMITED
CONSOLIDATED ANALYSIS OF NET DEBT
FOR THE YEAR ENDED 31 OCTOBER 2025
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EBC HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
EBC Holdings Limited is a private company limited by shares and incorporated in England and Wales.
The registered head office is located at EBC Brakes World Headquarters, Upton Valley Way East, Pineham, Northampton, NN4 9EF. The principal activity of the Company is that of a holding company. The principal activity of the Group is the wholesale distribution of brake components and systems for the Automotive, Motorcycle, Bus, Mountain bike and Railway Industries. The Group's financial statements have been rounded to the nearest £1 GBP.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgement in applying the Group's accounting policies (see note 3).
The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Comprehensive Income in these financial statements.
The following principal accounting policies have been applied:
The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance Sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated Statement of Comprehensive Income from the date on which control is obtained. They are deconsolidated from the date control ceases. In accordance with the transitional exemption available in FRS 102, the Group has chosen not to retrospectively apply the standard to business combinations that occurred before the date of transition to FRS 102, being 01 November 2015.
After reviewing the Group's forecasts and projections, the Directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. The Group therefore continues to adopt the going concern basis in preparing the financial statements.
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EBC HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
2.Accounting policies (continued)
Functional and presentation currency
Transactions and balances
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EBC HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
2.Accounting policies (continued)
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EBC HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
2.Accounting policies (continued)
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EBC HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
2.Accounting policies (continued)
Goodwill
Other intangible assets
At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
The estimated useful lives range as follows:
At each reporting date the Group assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
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EBC HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either the reducing balance or straight line basis.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
In the consolidated accounts, interests in associated undertakings are accounted for using the equity method of accounting. Under this method an equity investment is initially recognised at the transaction price (including transaction costs) and is subsequently adjusted to reflect the investors share of the profit or loss, other comprehensive income and equity of the associate. The Consolidated Statement of Comprehensive Income includes the Group's share of the operating results, interest, pre-tax results and attributable taxation of such undertakings applying accounting policies consistent with those of the Group. In the Consolidated Balance Sheet, the interests in associated undertakings are shown as the Group's share of the identifiable net assets, including any unamortised premium paid on acquisition.
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EBC HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
2.Accounting policies (continued)
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
The Group has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Group's Balance Sheet when the Group becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.
Discounting is omitted where the effect of discounting is immaterial. The Group's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Impairment of financial assets
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
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EBC HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
2.Accounting policies (continued)
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
Basic financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Group after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans, other loans and loans due to fellow group companies are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Derecognition of financial assets
Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Group transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Group will continue to recognise the value of the portion of the risks and rewards retained.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Group's contractual obligations expire or are discharged or cancelled.
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EBC HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
estimates. The items in the financial statements where these judgements and estimates have been made include: Deferred Tax The Group is subject to tax and judgement is required in determining the provision for current income and deferred taxation. The Group recognises taxation assets and liabilities based upon estimates and assessments of many factors including judgements about the outcome of future events. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. At 31 October 2025, the Group recognised a deferred tax asset consisting of the tax effect of timing differences in respect of the excess of taxation allowances over depreciation upon fixed assets, provision for unrealised profit in stock and other short term timing differences of £1,181,248 (2024: £1,339,010) on the basis that the Group is in a tax paying position. Useful economic lives of tangible and intangible fixed assets The Group holds both tangible and intangible assets. Management judgement is required in setting the useful economic lives for each class of tangible asset and an appropriate rate for intangible assets. Management judgement is also required for estimating any net realisable values to be incorporated into depreciation methods. The net book value of tangible fixed assets as at 31 October 2025 was £15,318,759 (2024: £15,459,059) after a depreciation charge of £847,510 (2024: £976,980). The net book value of intangible fixed assets as at 31 October 2025 was £1,434,491 (2024: £2,000,859) after an amortisation charge of £566,368 (2024: £566,368). Impairment of intangible assets and goodwill Management consider whether intangible assets and/or goodwill are impaired. Where an indication of impairment is identified, the estimation of recoverable value requires estimation of the recoverable value of the cash generating units. This requires estimation of the future cash flows from the cash generating units and also selection of appropriate discount rates in order to calculate the net present value of those cash flows. Stock provision The Group creates a stock provision for inventory that they deem as obsolete. The provision is based on management judgement of future sales for the following two years and whether the stock will be deemed to be obsolete after this point. At 31 October 2025 the Group recognised a stock provision of £4,332,338 (2024: £4,623,321).
The whole of the turnover is attributable to the principal activity of the Group.
The analysis of turnover, profit before tax and net assets by geographical market have not been disclosed as in the opinion of the Directors' this could be harmful to the Group's interest.
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EBC HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
Page 27
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EBC HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
Page 28
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EBC HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
Page 29
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EBC HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
11.Taxation (continued)
There were no factors that may affect future tax charges.
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EBC HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
Page 31
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EBC HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
Page 32
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EBC HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
14.Tangible fixed assets (continued)
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EBC HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
14.Tangible fixed assets (continued)
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EBC HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
Page 35
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EBC HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
Page 36
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EBC HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
Subsidiary undertakings (continued)
Page 37
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EBC HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
Page 38
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EBC HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
Page 39
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EBC HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
Foreign exchange reserve
Merger Reserve
Profit and loss account
The Group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Group in an independently administered fund. The pension cost charge represents contributions payable by the Group to the fund and amounted to £141,379 (2024: £136,901). Amounts outstanding as payable to the fund as at 31 October 2025 amounted to £28,945 (2024: £34,279).
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EBC HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
Page 41
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