REGISTERED NUMBER: 02861044 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTOR AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

DELENCO FOODS LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Director

4

Report of the Independent Auditors

5

Statement of Comprehensive Income

8

Balance Sheet

9

Statement of Changes in Equity

10

Notes to the Financial Statements

11

DIRECTOR:

R G A Barber

SECRETARY:

R G A Barber

REGISTERED OFFICE:

Unit 6 Heybridge Way

Lea Bridge Road

Leyton

London

E10 7NQ

REGISTERED NUMBER:

02861044 (England and Wales)

SENIOR STATUTORY AUDITOR:

Shahid Hameed FCA FCCA

AUDITORS:

THP Limited

Chartered Accountants

and Statutory Auditors

34-40 High Street

Wanstead

London

E11 2RJ

The director presents his strategic report for the year ended 30 April 2025.

REVIEW OF BUSINESS

The director is pleased to report a very successful year for the business in terms of revenue growth and profits.

Turnover in the year increased by 7.60% due to increased demand and the gross profit margin has also improved.

The company continued to service a diverse and extensive customer base, ranging from cruise lines to large catering organisations, schools, wholesale distributors and catering butchers (who supply hotels, restaurants and canteens), plus numerous bespoke clients.

The product range remains focused on fresh and frozen sausages made from the finest cuts of meat and seasoned

accordingly.

The company's key performance indicators are as follows:

2025

2024

£

£

Turnover

22,581,876

20,986,936

Gross Profit

7,490,197

6,426,359

Gross Profit Margin

33.17%

30.62%

Profit Before Tax

5,355,647

4,394,462

The net assets of the company are £13,265,018 (2024: £9,556,826). This reflects the solid position of the company from a solvency and liquidity point of view, and this strong balance sheet is the foundation on which the company can continue to grow and prosper.

PRINCIPAL RISKS AND UNCERTAINTIES

The management of the business and the nature of the company's strategy are subject to a number of risks.

The director has set out below the principal risks facing the business.

The director is of the opinion that a thorough risk management process is adopted which involves a formal review of all risks identified below. Where possible, processes are in place to mitigate such risks.

Changing Eating Habits

In recent years there has been a steady increase in the number of consumers reducing their consumption of meat, through veganism, vegetarianism or simply cutting down. Although the company has not seen any negative impact on its business as the result of this shift, this does represent a risk to the business in the medium to longer term. The focus of the business on high quality, fresh produce, as well as the branching out into meat free products, helps mitigate against this risk.

Credit Risk

As with most businesses the company is exposed to the credit risk of customers and their ability to pay debts on a timely basis. The director has continued to be prudent in status checks for new and existing customers, keeping debtor days as low as possible and limiting the dominance of any single customer in the overall turnover of the company.

Price Risk and Competition

The market in which the company operates is highly competitive. As a result, the company is subject to a high level of price sensitivities and ongoing pressures on margins as direct costs and overheads costs increase. Policies of assessing our pricing strategy, maintaining strong relationships with customers and suppliers and ongoing market research are in place to mitigate such risks.

Liquidity risk

The company benefits from the very strong cash flows generated from operating activities, that have enabled the director to re-invest profits into the business. The director does however monitor cash flow forecasts in order to further manage liquidity risk.

Regulatory Risk

Due to the nature of the company's operations there are a number of operational risks it is exposed to, particularly compliance with Food Hygiene, Environmental and Health and Safety Legislation. The director conducts regular appraisals of compliance in this area and reviews operational procedures to ensure compliance.

Wages Cost Inflation

The company is affected by wage cost inflation and pressures, increase in National Minimum Wage and Employer National Insurance, within the labour market. The company monitors the market to ensure compliance with labour market regulations, and maintains employment policies, remuneration and benefits packages that are designed to be competitive with other companies and recognise the value and contribution provided by employees, as well as providing colleagues with fulfilling career opportunities which offer progression. The company regularly reviews pay and benefits. As with most UK based employers there remain ongoing challenges in terms of recruiting and retaining sufficiently capable staff.

Other inflationary factors

The company is also subject to inflationary pressures across its cost base, particularly in the areas of fuel costs and energy.

With these risks and uncertainties in mind, any plans for the future development of the business may be subject to unforeseen future events outside of our control; hence, we are constantly assessing our plans in line with the current environment.

ON BEHALF OF THE BOARD:

R G A Barber - Director

29 October 2025

The director presents his report with the financial statements of the company for the year ended 30 April 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the manufacture, wholesale and retail sales of meat and poultry products.

DIVIDENDS

The total distribution of dividends for the year ended 30 April 2025 was £300,000 (2024: £150,000).

FUTURE DEVELOPMENTS

The director is confident that continued focus on the key management policies will strengthen the financial position of the company during the ensuing year.

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTOR

R G A Barber held office during the whole of the period from 1 May 2024 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless he is 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 director is 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 director is 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 him to ensure that the financial statements comply with the Companies Act 2006. He is 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 director is 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 he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, THP Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

R G A Barber - Director

29 October 2025

Opinion

We have audited the financial statements of Delenco Foods Limited (the 'company') for the year ended 30 April 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and 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 30 April 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 director's 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 director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors 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 Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Director 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 Report of the Director.

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 director's remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page four, the director is 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 director determines 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 director is 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 director either intends to liquidate the company or to cease operations, or has 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 a Report of the Auditors 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 our procedures are capable of detecting irregularities, including fraud is detailed below:

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:

- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

- we identified the laws and regulations applicable to the company through discussions with the director and other management, and from our commercial knowledge and experience of the sector in which the company operates;

- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental, food hygiene and health and safety legislation;

- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

- identified laws and regulations were communicated within the audit team regularly 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 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;

- tested journal entries to identify unusual transactions;

- assessed whether judgements and assumptions made in determining the accounting estimates set out in note 3 were indicative of potential bias; and

- investigated the rationale behind significant or unusual transactions.

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 financial statement disclosures to underlying supporting documentation;

- enquiring of management as to actual and potential litigation and claims; and

- reviewing correspondence with HMRC and any other relevant regulators as required.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

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 Report of the Auditors.

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 a Report of the Auditors 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.

Shahid Hameed FCA FCCA (Senior Statutory Auditor)

for and on behalf of THP Limited

Chartered Accountants

and Statutory Auditors

34-40 High Street

Wanstead

London

E11 2RJ

29 October 2025

TURNOVER

22,581,876

20,986,936

Cost of sales

15,091,679

14,560,577

GROSS PROFIT

7,490,197

6,426,359

Distribution costs

1,611,611

1,475,179

Administrative expenses

595,608

649,909

2,207,219

2,125,088

5,282,978

4,301,271

Other operating income

52,799

65,160

OPERATING PROFIT

5

5,335,777

4,366,431

Interest receivable and similar income

76,923

37,249

5,412,700

4,403,680

Interest payable and similar expenses

6

57,053

9,218

PROFIT BEFORE TAXATION

5,355,647

4,394,462

Tax on profit

7

1,347,455

1,107,250

PROFIT FOR THE FINANCIAL YEAR

4,008,192

3,287,212

FIXED ASSETS

Tangible assets

9

931,694

1,052,732

CURRENT ASSETS

Stocks

10

377,900

373,179

Debtors

11

9,400,294

5,612,465

Cash at bank and in hand

4,989,393

5,342,928

14,767,587

11,328,572

CREDITORS

Amounts falling due within one year

12

1,777,980

2,165,988

NET CURRENT ASSETS

12,989,607

9,162,584

TOTAL ASSETS LESS CURRENT LIABILITIES

13,921,301

10,215,316

PROVISIONS FOR LIABILITIES

15

656,283

658,490

NET ASSETS

13,265,018

9,556,826

CAPITAL AND RESERVES

Called up share capital

16

300

300

Retained earnings

17

13,264,718

9,556,526

SHAREHOLDERS' FUNDS

13,265,018

9,556,826

The financial statements were approved by the director and authorised for issue on 29 October 2025 and were signed by:

R G A Barber - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 May 2023

300

6,419,314

6,419,614

Changes in equity

Dividends

-

(150,000

)

(150,000

)

Total comprehensive income

-

3,287,212

3,287,212

Balance at 30 April 2024

300

9,556,526

9,556,826

Changes in equity

Dividends

-

(300,000

)

(300,000

)

Total comprehensive income

-

4,008,192

4,008,192

Balance at 30 April 2025

300

13,264,718

13,265,018

1.	STATUTORY INFORMATION

Delenco Foods 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis and under the historical cost convention.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirement of paragraph 33.7.

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.

Significant judgements and estimates

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

a) Critical judgements in applying the entity's accounting policies

There are no specific judgements, apart from those involving estimates as detailed below, that management has made in the process of applying the entity's accounting policies that have a significant effect on the amounts recognised in the financial statements.

b) Critical accounting estimates and assumptions

The company makes estimates and assumptions concerning the future. The resulting accounting estimates can differ from the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of the assets and liabilities within the next financial year are addressed below.

(i) Useful economic lives of tangible assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

(ii) Provision for dilapidations

The company makes an estimate for the expected costs of dilapidations in relation to leasehold property. Provisions are made in line with the criteria contained within FRS102 Section 18 and on the basis of all available evidence at the time. The management obtains quotations from the building contractors to assist them with this process.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied, net of returns, discounts and value added taxes.

Revenue is recognised when goods are delivered to the customer, such that the risks and rewards of ownership have passed to them.

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 leasehold property

-

Over the period of the lease

Plant and machinery

-

10% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Items costing less than £1,000 are not capitalised, but written off to the profit and loss account as incurred.

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to sell, after making due allowance for impairment of obsolete or slow moving items. Stocks are recognised as an expense in the period in which the related revenue is recognised.

Cost is determined on the first-in, first-out (FIFO) method. Cost includes the purchase price, including taxes and duties, transport and handling directly attributable to bringing the stock to its present location and condition.

Financial instruments

The company has chosen to adopt Sections 11 and 12 of FRS102 in respect of financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently carried at this value less any provision for impairment.

Cash and cash equivalents

Cash and cash equivalents in the balance sheet represent cash at bank and in hand.

Short-term debtors and creditors

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 profit or loss under operating expenses.

The carrying value of all short-term financial assets and liabilities are measured at amortised cost.

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.

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.

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.

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.

4.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

3,335,561

3,291,649

Social security costs

356,842

342,983

Other pension costs

42,574

42,697

3,734,977

3,677,329

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

2025

2024

Operations

80

85

Management and admin

7

7

87

92

2025

2024

£

£

Director's remuneration

100,081

99,996

Director's pension contributions to money purchase schemes

51

-

5.	OPERATING PROFIT

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

2025

2024

£

£

Hire of plant and machinery

194,987

148,349

Depreciation - owned assets

213,282

213,731

Profit on disposal of fixed assets

(53,571

)

-

Auditors' remuneration

14,995

14,280

Auditors' remuneration for non-audit work

5,240

5,785

Operating leases - premises

148,270

148,270

Hire of commercial vehicles

194,987

148,349

During the year, the company disposed of the butchery operation of the business. This resulted in a profit on disposal of goodwill amounting to £54,996 (2024 - £nil) which is included within the profit on disposal of fixed assets.

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

HMRC interest

57,053

9,218

7.

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

1,349,662

1,112,798

Deferred tax

(2,207

)

(5,548

)

Tax on profit

1,347,455

1,107,250

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 higher than the standard rate of corporation tax in the UK. The difference is explained below:

2025

2024

£

£

Profit before tax

5,355,647

4,394,462

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

1,338,912

1,098,616

Effects of:

Expenses not deductible for tax purposes

2,939

221

Depreciation in excess of capital allowances

7,811

13,961

Movement on deferred tax

(2,207

)

(5,548

)

Total tax charge

1,347,455

1,107,250

8.

DIVIDENDS

2025

2024

£

£

Interim

300,000

150,000

9.	TANGIBLE FIXED ASSETS

Improvements

to

Fixtures

leasehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 May 2024

391,362

2,422,896

14,428

Additions

-

74,948

-

Disposals

(46,000

)

(236,448

)

-

At 30 April 2025

345,362

2,261,396

14,428

DEPRECIATION

At 1 May 2024

186,382

1,603,854

11,836

Charge for year

27,897

134,402

388

Eliminated on disposal

(5,750

)

(102,325

)

-

At 30 April 2025

208,529

1,635,931

12,224

NET BOOK VALUE

At 30 April 2025

136,833

625,465

2,204

At 30 April 2024

204,980

819,042

2,592

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 May 2024

101,090

15,501

2,945,277

Additions

190,241

1,428

266,617

Disposals

-

-

(282,448

)

At 30 April 2025

291,331

16,929

2,929,446

DEPRECIATION

At 1 May 2024

76,765

13,708

1,892,545

Charge for year

49,746

849

213,282

Eliminated on disposal

-

-

(108,075

)

At 30 April 2025

126,511

14,557

1,997,752

NET BOOK VALUE

At 30 April 2025

164,820

2,372

931,694

At 30 April 2024

24,325

1,793

1,052,732

10.

STOCKS

2025

2024

£

£

Raw materials and finished

goods

377,900

373,179

11.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,357,482

2,163,025

Other debtors

-

971

Amount owed by related

companies

6,921,784

3,342,399

Amount owed by joint venture

-

4,917

VAT

28,687

30,464

Prepayments

92,341

70,689

9,400,294

5,612,465

The interest in the joint venture LLP represents the original loan made by the company to that entity, which as per the partnership agreement is repayable on demand. The company recognises it's profit share from the LLP on a receivable basis.

12.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

847,033

971,357

Corporation tax

849,662

1,122,060

Social security and other taxes

60,001

53,056

Accrued expenses

21,284

19,515

1,777,980

2,165,988