REGISTERED NUMBER: 03771493 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

Quality Kernels Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J C Petrow

J M Warburton

REGISTERED OFFICE:

Spitalfields House

Phoenix Road

Haverhill

CB9 7AE

REGISTERED NUMBER:

03771493 (England and Wales)

AUDITORS:

Xeinadin Audit Limited

Maple House

Level 5A

149 Tottenham Court Road

London

W1T 7NF

BANKERS:

Barclays Bank plc

PO Box 299

Birmingham

B1 3PF

FIXED ASSETS

Tangible assets

4

1,487,418

1,732,473

CURRENT ASSETS

Stocks

1,408,574

1,079,048

Debtors

5

5,142,881

5,505,623

Cash at bank

309,687

467,297

6,861,142

7,051,968

CREDITORS

Amounts falling due within one year

6

4,586,900

5,114,709

NET CURRENT ASSETS

2,274,242

1,937,259

TOTAL ASSETS LESS CURRENT LIABILITIES

3,761,660

3,669,732

CREDITORS

Amounts falling due after more than one year

7

3,388,706

3,355,422

NET ASSETS

372,954

314,310

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

372,854

314,210

372,954

314,310

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 30 September 2026 and were signed on its behalf by:

J C Petrow - Director

1.	STATUTORY INFORMATION

Quality Kernels 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.

Turnover

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

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 cost and 20% on cost

Stocks

Stocks and work in progress are valued at lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Cost is calculated using first in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Going concern

The Financial Statements have been prepared on a going concern basis which assumes that the company will continue operating for at least 12 months from the date of approval of these financial statements. The company sales have increased, as did margins and it reported a profit for the year. The business continues to grow into 2026 whereby further operational efficiencies and new business will see the company's financial performance see a modest profit which is currently forecast for the year with further improvements to come.

In view of this, and considering the changes which are being implemented within the company, the directors are confident that the company has adequate resources and the management team in place to operate profitably in the future and have therefore prepared the financial statements on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2025

335,079

4,170,786

4,505,865

Additions

-

49,376

49,376

Disposals

-

(91,414

)

(91,414

)

At 31 December 2025

335,079

4,128,748

4,463,827

DEPRECIATION

At 1 January 2025

308,612

2,464,780

2,773,392

Charge for year

23,609

257,522

281,131

Eliminated on disposal

-

(78,114

)

(78,114

)

At 31 December 2025

332,221

2,644,188

2,976,409

NET BOOK VALUE

At 31 December 2025

2,858

1,484,560

1,487,418

At 31 December 2024

26,467

1,706,006

1,732,473

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

as restated

£

£

Trade debtors

1,809,928

1,999,363

Amounts owed by group undertakings

3,231,214

3,407,358

Other debtors

101,739

98,902

5,142,881

5,505,623

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

as restated

£

£

Trade creditors

634,470

863,291

Amounts owed to group undertakings

3,727,783

3,588,348

Other creditors

224,647

663,070

4,586,900

5,114,709

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

as restated

£

£

Amounts owed to group undertakings

1,187,853

1,149,634

Other creditors

2,200,853

2,205,788

3,388,706

3,355,422

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

The Report of the Auditors was unqualified.

We draw attention to Note 2 to the financial statements, which describes the directors' assessment of the company's ability to continue as a going concern and the significant judgements applied in reaching that conclusion. Our opinion is not modified in respect of this matter.

Mark Stothard BA (Hons) FCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited