REGISTERED NUMBER: 06032669 (England and Wales)

STRATEGIC REPORT, DIRECTORS' REPORT AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

DAREGAL GOURMET LIMITED

Page

Company Information

1

Strategic Report

2

Directors' Report

4

Independent Auditors' Report

6

Statement of Comprehensive Income

10

Balance Sheet

11

Statement of Changes in Equity

12

Cash Flow Statement

13

Notes to the Cash Flow Statement

14

Notes to the Financial Statements

15

DIRECTORS:

M N McIlroy

A Chassagne

C Endler

SECRETARY:

C Endler

REGISTERED OFFICE:

Victory House

Chequers Road

Long Stratton

Norwich

NR15 2YA

REGISTERED NUMBER:

06032669 (England and Wales)

AUDITORS:

Lovewell Blake LLP

Chartered Accountants and Statutory Auditor

Bankside 300

Peachman Way

Broadland Business Park

Norwich

NR7 0LB

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

FAIR REVIEW OF THE BUSINESS

The business of the company is principally the supply of herbs and related ingredients into retailers, food manufacturers and the Food Service sector.

The profit for the year, after taxation, amounted to £1,377,179 (2024: £1,157,147).

The company has continued to grow and net assets have increased from £8,829,987 to £10,207,166 in the year. Cash balances have decreased by £211,700 during the year. The company continues to be part of a substantial group whose parent company is based in France and supplies its products globally.

With the ongoing global supply issues especially from Asia both in terms of costs and shipping delays, the company has worked during the year to mitigate supply risks by managing the stock levels as necessary to ensure customer needs continue to be met. This policy will continue until such times as we see a normalisation of the supply chain.

PRINCIPAL RISKS AND UNCERTAINTIES

During 2025 the business has been subjected to increased inflationary pressure within the supply chain along with difficulties in agriculture due to increased costs and water shortages which has a potential impact on supply and yields. To help mitigate these issues the company, along with the parent company, has worked to manage internal costs while protecting on-going supply. In addition, the company has increased prices to its customers to reflect the inflationary costs and protect the company's long term viability. In terms of agriculture the company's long standing relationship with its farming partners has helped maintain their loyalty and continued commitment to the growing and sustainable management of the herbs and fields. This is in line with the company's objective to be a "Company with a Purpose". In addition the company continues to seek new growing areas to ensure our customer needs are met and allow the company to continue in line with its growth objectives.

The directors consider that the sector in which the company operates is under pressure on sales and margins. The directors are satisfied that the company continues to trade profitably.

The business engages in foreign currency transactions which, in the current economic climate and with the effects of the UK's exit from the EU, is considered a risk for the business. The company mitigates the risk by agreeing fixed exchange rates with suppliers as far as possible and operates bank accounts in foreign currency.

FINANCIAL INSTRUMENTS

The company's principal financial instruments comprise cash and various items such as trade debtors and trade creditors that arise directly from its operations. The main purpose of these financial instruments is to raise finance for the company's operations.

The existence of the financial instruments exposes the company to a certain element of financial risk. The main risks arising from the company's financial instruments are credit risk and liquidity risk. The directors review and agree policies for managing each of these risks. These policies have remained unchanged from previous years.

KEY PERFORMANCE INDICATORS

The directors consider turnover and gross profit percentage to be the key performance indicators of the business.

During the year turnover has increased with an increase of 6% which is considered positive given the pressures on the company surrounding costs, exchange rates, and the general economic pressures faced by the company as well as its customers and suppliers.

Gross profit percentage has increased in the year to 22.02% (2024: 19.41%).

FUTURE DEVELOPMENTS

The directors expect the company to grow further over the next five years and expand the products being sold in recognised supermarkets. Innovation with new technologies and products will be key for this growth. The company's commitment to sustainability is forged within the ethos and value of the company which will drive the business forward recognising and operating in line with our responsibility to the environment along with our colleagues and customers.

ON BEHALF OF THE BOARD:

M N McIlroy - Director

11 March 2026

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of supplying herbs.

DIVIDENDS

No dividends will be distributed for the year ended 31 December 2025 (2024: £nil).

DIRECTORS

M N McIlroy has held office during the whole of the period from 1 January 2025 to the date of this report.

Other changes in directors holding office are as follows:

C Darbonne - resigned 15 September 2025

S Durif - resigned 2 January 2025

A Chassagne - appointed 3 January 2025

C Endler - appointed 15 September 2025

DIRECTORS AND INDEMNITIES

The Company has made qualifying third-party indemnity provisions for the benefit of its directors which were made during the year and remain in force at the date of this report.

MATTERS COVERED IN THE STRATEGIC REPORT

As permitted by paragraph 1A of Schedule 7 to the Large and Medium sized Companies and Groups (Accounts and Reports) Regulations 2008 certain matters which are required to be disclosed in the directors' report have been omitted as they are included in the strategic report. These matters relate to business review, principal risks and uncertainties and financial and non-financial KPIs.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Directors' Report 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). 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.

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 or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

Lovewell Blake LLP have expressed their willingness to continue as auditors and a resolution for their re-appointment will be proposed at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

M N McIlroy - Director

11 March 2026

Opinion

We have audited the financial statements of Daregal Gourmet Limited (the 'company') for the year ended 31 December 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, 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 December 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 and the Directors' Report, but does not include the financial statements and our Auditors' Report 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 Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Directors' Report 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 Directors' Report.

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 an Auditors' 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 financial statements.

The extent to which the audit was considered capable of detecting irregularities including fraud

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- we identified the principal laws and regulations applicable to the company through discussions with management and our wider knowledge;

- identified laws and regulations were considered in our planning of the audit and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

- considering the internal controls in place to mitigate material risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

- performed analytical procedures to identify any unusual or unexpected relationships;

- reviewed internal controls in respect of journal entries and tested journal entries considered large and/or unusual transactions; and

- assessed whether judgements and assumptions made in determining accounting estimates were indicative of potential bias.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- agreeing material financial statement disclosures to underlying supporting documentation; and

- enquiring of management and directors as to actual and potential litigation and claims.

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 Auditors' Report.

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 an Auditors' 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.

Steven Scarlett FCA (Senior Statutory Auditor)

for and on behalf of Lovewell Blake LLP

Chartered Accountants and Statutory Auditor

Bankside 300

Peachman Way

Broadland Business Park

Norwich

NR7 0LB

11 March 2026

TURNOVER

4

21,002,792

19,807,275

Cost of sales

16,377,121

15,963,506

GROSS PROFIT

4,625,671

3,843,769

Administrative expenses

2,852,068

2,402,682

1,773,603

1,441,087

Other operating income

5

-

74,927

OPERATING PROFIT

7

1,773,603

1,516,014

Interest receivable and similar income

8

87,844

79,682

1,861,447

1,595,696

Interest payable and similar expenses

9

29,113

38,395

PROFIT BEFORE TAXATION

1,832,334

1,557,301

Tax on profit

10

455,155

400,154

PROFIT FOR THE FINANCIAL YEAR

1,377,179

1,157,147

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,377,179

1,157,147

FIXED ASSETS

Tangible assets

11

42,171

49,820

CURRENT ASSETS

Stocks

12

4,762,127

3,916,771

Debtors

13

7,244,780

7,149,075

Cash at bank and in hand

395,774

607,474

12,402,681

11,673,320

CREDITORS

Amounts falling due within one year

14

2,237,686

2,893,153

NET CURRENT ASSETS

10,164,995

8,780,167

TOTAL ASSETS LESS CURRENT LIABILITIES

10,207,166

8,829,987

CAPITAL AND RESERVES

Called up share capital

15

147,000

147,000

Retained earnings

16

10,060,166

8,682,987

SHAREHOLDERS' FUNDS

10,207,166

8,829,987

The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2026 and were signed on its behalf by:

M N McIlroy - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2024

147,000

7,525,840

7,672,840

Changes in equity

Total comprehensive income

-

1,157,147

1,157,147

Balance at 31 December 2024

147,000

8,682,987

8,829,987

Changes in equity

Total comprehensive income

-

1,377,179

1,377,179

Balance at 31 December 2025

147,000

10,060,166

10,207,166

Cash flows from operating activities

Cash generated from operations

1

1,732,233

1,681,762

Interest paid

(29,113

)

(38,395

)

Interest received

12,559

-

Tax paid

(400,829

)

(324,591

)

Net cash from operating activities

1,314,850

1,318,776

Cash flows from investing activities

Purchase of tangible fixed assets

-

(59,387

)

Increase in group debtors

(277,583

)

(2,508,677

)

Interest received

87,844

79,682

Net cash from investing activities

(189,739

)

(2,488,382

)

Cash flows from financing activities

Decrease in group creditors

(1,336,811

)

461,214

Net cash from financing activities

(1,336,811

)

461,214

Decrease in cash and cash equivalents

(211,700

)

(708,392

)

Cash and cash equivalents at beginning of year

2

607,474

1,315,866

Cash and cash equivalents at end of year

2

395,774

607,474

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

2025

2024

£

£

Profit before taxation

1,832,334

1,557,301

Depreciation charges

7,649

9,567

Finance costs

29,113

38,395

Finance income

(87,844

)

(79,682

)

1,781,252

1,525,581

Increase in stocks

(845,356

)

(61,243

)

Decrease in trade and other debtors

214,202

220,494

Increase/(decrease) in trade and other creditors

582,135

(3,070

)

Cash generated from operations

1,732,233

1,681,762

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2025

31/12/25

1/1/25

£

£

Cash and cash equivalents

395,774

607,474

Year ended 31 December 2024

31/12/24

1/1/24

£

£

Cash and cash equivalents

607,474

1,315,866

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1/1/25

Cash flow

At 31/12/25

£

£

£

Net cash

Cash at bank and in hand

607,474

(211,700

)

395,774

607,474

(211,700

)

395,774

Total

607,474

(211,700

)

395,774

1.	STATUTORY INFORMATION

Daregal Gourmet Limited is a private company, limited by shares, registered in England and Wales within the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

The directors have prepared and reviewed budgets and a long term forecast for the period to 31 December 2027 which take into account the impact of the UK economic situation, especially with respect to the increase in costs across the economy and the impact on the spending capacity of customers. The key assumptions in the forecasts relate to turnover although, despite the effects of the various economic pressures, the company has continued to operate at a profitable level in which the Board have taken comfort. At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources, and the support of its parent company, to continue in operational existence for at least 12 months from the date of signing of these accounts. As a result the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises revenue recognised by the company in respect of goods supplied, exclusive of Value Added Tax and trade discounts.

Revenue is recognised when the goods are delivered.

Tangible fixed assets

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

Fixtures and fittings

-

20% 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.

Financial instruments

The Company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102, in full, to all of its financial instruments. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

Foreign currencies

Transactions in currencies other than the functional currency are initially recorded at the exchange rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date.

Exchange gains and losses are recognised in the profit and loss account.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

Termination benefits are recognised immediately as an expense when a company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

3.	CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision only affects that period, or in the period of revision and future periods where the revision affects both current and future periods.

In the opinion of the directors there are no critical accounting judgements or estimation uncertainties within the company.

4.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

4.7% of the company's turnover (2024: 4.6%) is attributable to geographical markets outside the United Kingdom.

5.	OTHER OPERATING INCOME

2025

2024

£

£

Discounts received

-

33,818

Sundry receipts

-

41,109

-

74,927

6.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

944,884

834,379

Social security costs

102,217

82,954

Other pension costs

82,538

88,159

1,129,639

1,005,492

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

2025

2024

Management

2

2

Administration

6

6

Technical

2

2

Commercial

4

4

14

14

2025

2024

£

£

Directors' remuneration

260,065

235,836

Directors' pension contributions to money purchase schemes

32,100

42,100

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes

1

1

Information regarding the highest paid director is as follows:

2025

2024

£

£

Emoluments etc

260,065

235,836

Pension contributions to money purchase schemes

32,100

42,100

7.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2025

2024

£

£

Depreciation - owned assets

7,649

9,567

Auditors' remuneration

20,250

19,500

Foreign exchange differences

(37,810

)

(39,247

)

Other operating leases

30,284

37,997

8.

INTEREST RECEIVABLE AND SIMILAR INCOME

2025

2024

£

£

Group interest

75,285

73,789

HMRC interest

12,559

5,893

87,844

79,682

9.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Group interest

29,113

38,395

10.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

487,479

400,154

Deferred tax

(32,324

)

-

Tax on profit

455,155

400,154

UK corporation tax has been charged at 25% (2024 - 25%).

Reconciliation of total tax 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

1,832,334

1,557,301

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

458,084

389,325

Effects of:

Deferred tax not provided

(2,929

)

10,829

Total tax charge

455,155

400,154

11.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2025

122,337

Disposals

(48,166

)

At 31 December 2025

74,171

DEPRECIATION

At 1 January 2025

72,517

Charge for year

7,649

Eliminated on disposal

(48,166

)

At 31 December 2025

32,000

NET BOOK VALUE

At 31 December 2025

42,171

At 31 December 2024

49,820

12.

STOCKS

2025

2024

£

£

Finished goods and goods

for resale

4,762,127

3,916,771

During the year, an impairment loss on finished goods of £35,577 (2024: £43,975) was recognised within cost of sales.

13.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

3,888,037

3,589,645

Amounts owed by group undertakings

2,917,923

2,956,418

Other debtors

4,167

9,300

VAT

76,184

67,898

Prepayments and accrued income

326,145

525,814

7,212,456

7,149,075

Amounts falling due after more than one year:

Deferred tax asset

32,324

-

Aggregate amounts

7,244,780

7,149,075

During the year, an impairment gain on trade debtors of £23,264 (2024: loss of £15,000) was recognised in the profit and loss account.