REGISTERED NUMBER: 02984732 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2026

FOR

ISLE OF ELY PRODUCE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J P Boutwood

Mr O J Boutwood

Mrs C D Boutwood-Potter

SECRETARY:

Mr J P Boutwood

REGISTERED OFFICE:

Aubrey's Yard

Pulloxhill Road

Silsoe

Bedfordshire

MK45 4QT

REGISTERED NUMBER:

02984732 (England and Wales)

ACCOUNTANTS:

GKP (Ampthill) Limited

Chartered Accountants

3 Doolittle Yard

Froghall Road

Ampthill

Bedfordshire

MK45 2NW

FIXED ASSETS

Tangible assets

4

3,654,145

3,521,989

Investments

5

100

100

3,654,245

3,522,089

CURRENT ASSETS

Stocks

413,747

76,512

Debtors

6

1,098,124

3,055,456

Cash at bank

130,578

461,874

1,642,449

3,593,842

CREDITORS

Amounts falling due within one year

7

(1,742,271

)

(3,510,161

)

NET CURRENT (LIABILITIES)/ASSETS

(99,822

)

83,681

TOTAL ASSETS LESS CURRENT LIABILITIES

3,554,423

3,605,770

CREDITORS

Amounts falling due after more than one year

8

(1,385,249

)

(984,809

)

PROVISIONS FOR LIABILITIES

(335,760

)

(313,417

)

NET ASSETS

1,833,414

2,307,544

CAPITAL AND RESERVES

Called up share capital

12,000

12,000

Retained earnings

1,821,414

2,295,544

SHAREHOLDERS' FUNDS

1,833,414

2,307,544

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 26 October 2026 and were signed on its behalf by:

Mr J P Boutwood - Director

Mr O J Boutwood - Director

1.	STATUTORY INFORMATION

Isle of Ely Produce 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.

Preparation of consolidated financial statements

The financial statements contain information about Isle of Ely Produce Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Plant and machinery

-

10% on cost

Fixtures fittings & equipment

-

15% on cost

Motor vehicles

-

25% 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Grant income

Grant income is recognised on the accruals model. Where there are no future performance related conditions, income is recognised when the grants are received.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2025 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

fittings &

Motor

property

machinery

equipment

vehicles

Totals

£

£

£

£

£

COST

At 1 May 2025

2,742,774

2,078,113

256,387

205,600

5,282,874

Additions

60,302

240,104

6,835

155,000

462,241

Disposals

-

(28,376

)

-

(33,000

)

(61,376

)

At 30 April 2026

2,803,076

2,289,841

263,222

327,600

5,683,739

DEPRECIATION

At 1 May 2025

372,699

1,086,845

232,079

69,262

1,760,885

Charge for year

51,972

160,248

6,471

68,968

287,659

Eliminated on disposal

-

(1,419

)

-

(17,531

)

(18,950

)

At 30 April 2026

424,671

1,245,674

238,550

120,699

2,029,594

NET BOOK VALUE

At 30 April 2026

2,378,405

1,044,167

24,672

206,901

3,654,145

At 30 April 2025

2,370,075

991,268

24,308

136,338

3,521,989

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Fixtures

Plant and

fittings &

Motor

machinery

equipment

vehicles

Totals

£

£

£

£

COST

At 1 May 2025

575,475

3,997

107,500

686,972

Additions

194,650

-

45,000

239,650

Transfer to ownership

-

-

(50,000

)

(50,000

)

At 30 April 2026

770,125

3,997

102,500

876,622

DEPRECIATION

At 1 May 2025

17,699

150

37,344

55,193

Charge for year

77,012

600

22,930

100,542

Transfer to ownership

-

-

(26,563

)

(26,563

)

At 30 April 2026

94,711

750

33,711

129,172

NET BOOK VALUE

At 30 April 2026

675,414

3,247

68,789

747,450

At 30 April 2025

557,776

3,847

70,156

631,779

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 May 2025

and 30 April 2026

100

NET BOOK VALUE

At 30 April 2026

100

At 30 April 2025

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

854,949

2,792,785

Other debtors

115,000

105,000

Directors' current accounts

56,201

67,164

Tax

33,694

-

VAT

35,321

87,248

Prepayments

2,959

3,259

1,098,124

3,055,456

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

104,150

85,830

Hire purchase contracts (see note 9)

153,597

52,119

Trade creditors

1,223,143

2,648,518

Tax

-

45,488

Social security and other taxes

12,039

6,217

Other creditors

119,500

91,688

Directors' current accounts

689

234

Accrued expenses

129,153

580,067

1,742,271

3,510,161

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

106,150

89,811

Bank loans - 2-5 years

271,540

311,835

Bank loans more than 5 years

393,594

502,739

Hire purchase contracts (see note 9)

613,965

80,424

1,385,249

984,809

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

393,594

502,739

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2026

2025

£

£

Net obligations repayable:

Within one year

153,597

52,119

Between one and five years

613,965

80,424

767,562

132,543

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

875,434

990,215

Hire purchase contracts

767,562

74,233

1,642,996

1,064,448

The bank loans are secured by:

1 A mortgage over the freehold property.

2 A fixed charge over the company's book debts.

3 A floating charge over all other assets.

Hire purchase contracts are secured on the assets acquired.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 30 April 2026 and the period ended 30 April 2025:

2026

2025

£

£

Mr O J Boutwood

Balance outstanding at start of year

23,192

-

Amounts advanced

-

23,192

Amounts repaid

(6,595

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

16,597

23,192

Mrs C D Boutwood-Potter

Balance outstanding at start of year

43,972

-

Amounts advanced

-

43,972

Amounts repaid

(4,369

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

39,603

43,972

There are no set repayment terms in place for the directors loan balances..

12.	RELATED PARTY DISCLOSURES

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.