REGISTERED NUMBER: 05389120 (England and Wales)

MSK Ingredients Limited

Financial Statements for the Period 1st October 2024 to 31st December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D P Prynne

G Hartley

A Short

SECRETARY:

D P Prynne

REGISTERED OFFICE:

Office Suite A, Sheepbridge Business Par

Sheepbridge Lane

Chesterfield

Derbyshire

S41 9RX

REGISTERED NUMBER:

05389120 (England and Wales)

AUDITORS:

Smailes Goldie

Chartered Accountants

Statutory Auditor

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

404,086

156,218

404,086

156,218

CURRENT ASSETS

Stocks

736,295

651,068

Debtors

6

837,439

886,336

Cash at bank

605,624

628,694

2,179,358

2,166,098

CREDITORS

Amounts falling due within one year

7

582,091

599,729

NET CURRENT ASSETS

1,597,267

1,566,369

TOTAL ASSETS LESS CURRENT LIABILITIES

2,001,353

1,722,587

PROVISIONS FOR LIABILITIES

68,725

18,189

NET ASSETS

1,932,628

1,704,398

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,932,626

1,704,396

1,932,628

1,704,398

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 27th April 2026 and were signed on its behalf by:

D P Prynne - Director

1.	STATUTORY INFORMATION

MSK Ingredients 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.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 2006, is being amortised evenly over its estimated useful life of 10 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.

Improvements to property on a straight line basis over 5 years

Motor Vehicles on a reducing balance basis at 25%

Plant and Machinery on a reducing balance basis from 15 - 33%.

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 period 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 period 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 period was 25 (2024 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st October 2024

and 31st December 2025

100,000

AMORTISATION

At 1st October 2024

and 31st December 2025

100,000

NET BOOK VALUE

At 31st December 2025

-

At 30th September 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st October 2024

434,645

Additions

372,677

Disposals

(98,238

)

At 31st December 2025

709,084

DEPRECIATION

At 1st October 2024

278,427

Charge for period

90,984

Eliminated on disposal

(64,413

)

At 31st December 2025

304,998

NET BOOK VALUE

At 31st December 2025

404,086

At 30th September 2024

156,218

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

638,535

715,830

Amounts owed by group undertakings

76,239

72,056

Other debtors

122,665

98,450

837,439

886,336

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

303,175

277,268

Amounts owed to group undertakings

207,987

-

Taxation and social security

6,609

254,132

Other creditors

64,320

68,329

582,091

599,729

8.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

27,391

104,825

Between one and five years

8,008

42,490

In more than five years

5,048

3,414

40,447

150,729

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

The Report of the Auditors was unqualified.

William Cowell FCA (Senior Statutory Auditor)

for and on behalf of Smailes Goldie

10.	ULTIMATE CONTROLLING PARTY

The company's immediate parent undertaking is MSK Ingredients & Equipment Limited, a company registered in the United Kingdom.

On 2nd October 2024, the entire share capital of this company's parent company was acquired by Inga Group Limited, a company registered in England and Wales and whose accounts are publicly available from Companies House, Crown Way, Cardiff, CF14 3UZ.

The company's ultimate parent undertaking is Axel Johnson Holding AB, a company registered in Sweden.