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Registered number: 02194749
Plantexpand Limited
Strategic Report, Directors' Report and
Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Strategic Report 1
Directors' Report 2—3
Independent Auditor's Report 4—6
Profit and Loss Account 7
Balance Sheet 8
Statement of Changes in Equity 9
Statement of Cash Flows 10
Notes to the Statement of Cash Flows 11
Notes to the Financial Statements 12—18
Page 1
Strategic Report
The directors present their strategic report for the year ended 31 January 2025.
Principal Activity
The company's principal activity continued to be that of the provision of Service, Maintenance and Repair (“SMR”) services to a variety of different customers across several industries including regulated ones. 
Review of the Business
The financial year shows a profit before taxation of £1,814,348 vs £519,428 in 2024. This was achieved through strong growth in revenue due to our unparalleled focus on customer service combined with diligent control of our operating expenditure. 
The business will continue to focus on servicing its customers’ needs and growing the business in a sustainable manner.
Principal Risks and Uncertainties
Effective risk management is critical to the business in achieving its objectives and there are robust controls in place to ensure risks are mitigated. There are a number of risks the business is exposed to;
• Potential customer losses / bad debts – the business operates largely in regulated industries whereby the business is a critical supplier and continuity is important. We also forge and maintain strong relationships with our customers.
• Liquidity risk – the business manages it’s cashflow carefully with strict credit control management while also maintaining strong relationships with its banking partners.
• Cybersecurity – the business has robust systems and controls in place to minimise this risk while also training all staff and having a disaster recovery plan in place. 
Key performance indicators
The main key performance indicators were as follows:
• Gross Profit Margin % : 59.0% (2025) vs  54.7% (2024)
• EBITDA % : 14.5% (2025) vs  6.9% (2024)
The key performance indicators are monitored by the Board to ensure that they are progressing in line with expectations.
On behalf of the board
Mr Daniel Dickinson
Director
23/04/2025
Page 1
Page 2
Directors' Report
The directors present their report and the financial statements for the year ended 31 January 2025.
Directors
The directors who held office during the year were as follows:
Mr Tod Harrison
Mr Mark Knight
Mrs Kerri-Anne Parsons
Mr Nathan Priest
Mr Daniel Dickinson
Mr David Harris
Mr David Miles
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, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', 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 the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
  • 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.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Statement of Disclosure of Information to Auditors
In the case of each director in office at the date the Directors' Report is approved:
  • so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
  • they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.
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Independent Auditors
The auditors, Ward Williams, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.
On behalf of the board
Mr Daniel Dickinson
Director
23/04/2025
Page 3
Page 4
Independent Auditor's Report
Opinion
We have audited the financial statements of Plantexpand Limited for the year ended 31 January 2025 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes of Equity, Cash Flow Statement and the related notes, 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 (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
In our opinion the financial statements:
  • give a true and fair view of the state of the company's affairs as at 31 January 2025 and of its profit/(loss) 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 Auditor's 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 entity's ability to continue as a going concern for a period of at least 12 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 other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The director is responsible for the other information contained within the annual report. 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. 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 course of 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 our audit:
  • the information given in the director's report and the strategic report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
  • the director's report and strategic report has been prepared in accordance with applicable legal requirements.
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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 director's report or the strategic report. We have nothing to report in respect of the following matters in relation to which 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 Directors
As explained more fully in the director's responsibilities statement, 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 is 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.
Auditor's 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 auditor's 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

The objectives of our audit are to identify and assess the risks of material misstatement of the financial statements due to fraud or error; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud or error; and to respond appropriately to those risks. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK).

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:
  • We obtained an understanding of the legal and regulatory frameworks applicable to the company and the sector in which they operate. We determined that the following were the most significant: the Companies Act 2006 and UK corporate taxations laws.
  • We obtained an understanding of how the company are complying with those legal and regulatory frameworks by making inquiries to the management of the company. We corroborated our inquiries through our review of correspondence during our audit work.
  • We assessed the susceptibility of the company's financial statements to material misstatement, including how fraud might occur. Audit procedures performed included:
  • identifying and assessing the design effectiveness of controls management has in place to prevent and detect fraud;
  • understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process;
  • challenging assumptions and judgements made by management in its significant accounting estimates;
  • identifying and testing journal entries, in particular journal entries posted with unusual account combinations; and
  • assessing the extent of compliance with the relevant laws and regulations.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.



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Use Of Our Report
This report is made solely to the company's member 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 member those matters we are required to state to the member in an auditor's 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 member, for our audit work, for this report, or for the opinions we have formed.
Frank Harling (Senior Statutory Auditor)
for and on behalf of Ward Williams , Statutory Auditor
23/04/2025
Ward Williams
Belgrave House
39-43 Monument Hill
Weybridge
Surrey
KT13 8RN
Page 6
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Profit and Loss Account
2025 2024
Notes £ £
TURNOVER 14,042,940 10,457,641
Cost of sales (5,753,652 ) (4,740,146 )
GROSS PROFIT 8,289,288 5,717,495
Administrative expenses (6,471,696 ) (5,197,374 )
OPERATING PROFIT 3 1,817,592 520,121
Loss on disposal of fixed assets (3,244 ) (693 )
PROFIT BEFORE TAXATION 1,814,348 519,428
Tax on Profit 8 (1,154 ) (26,696 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR 1,813,194 492,732
The notes on pages 11 to 18 form part of these financial statements.
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Balance Sheet
Registered number: 02194749
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 9 307,866 361,973
Tangible Assets 10 391,562 394,048
699,428 756,021
CURRENT ASSETS
Stocks 11 602,101 536,548
Debtors 12 6,435,790 5,069,550
Cash at bank and in hand 1,022,786 483,303
8,060,677 6,089,401
Creditors: Amounts falling due within one year 13 (1,783,429 ) (1,683,094 )
NET CURRENT ASSETS (LIABILITIES) 6,277,248 4,406,307
TOTAL ASSETS LESS CURRENT LIABILITIES 6,976,676 5,162,328
PROVISIONS FOR LIABILITIES
Deferred Taxation 14 (100,631 ) (99,477 )
NET ASSETS 6,876,045 5,062,851
CAPITAL AND RESERVES
Called up share capital 16 5,003 5,003
Profit and Loss Account 6,871,042 5,057,848
SHAREHOLDERS' FUNDS 6,876,045 5,062,851
These financial statements have been prepared in accordance with the provisions relating to medium sized companies.
The financial statements were approved by the board of directors on 23 April 2025 and were signed on its behalf by:
Mr Daniel Dickinson
Director
23/04/2025
The notes on pages 11 to 18 form part of these financial statements.
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Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 February 2023 5,003 4,565,116 4,570,119
Profit for the year and total comprehensive income - 492,732 492,732
As at 31 January 2024 and 1 February 2024 5,003 5,057,848 5,062,851
Profit for the year and total comprehensive income - 1,813,194 1,813,194
As at 31 January 2025 5,003 6,871,042 6,876,045
Page 9
Page 10
Statement of Cash Flows
2025 2024
Notes £ £
Cash flows from operating activities
Net cash generated from operations 1 710,610 137,630
Tax paid - (23,838 )
Net cash generated from operating activities 710,610 113,792
Cash flows from investing activities
Purchase of intangible assets (59,751 ) (124,613 )
Purchase of tangible assets (119,093 ) (209,202 )
Proceeds from disposal of tangible assets 7,717 3,166
Net cash used in investing activities (171,127 ) (330,649 )
Increase/(decrease) in cash and cash equivalents 539,483 (216,857 )
Cash and cash equivalents at beginning of year 2 483,303 700,160
Cash and cash equivalents at end of year 2 1,022,786 483,303
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Notes to the Statement of Cash Flows
1. Reconciliation of profit for the financial year to cash generated from operations
2025 2024
£ £
Profit for the financial year 1,813,194 492,732
Adjustments for:
Tax on profit 1,154 26,696
Amortisation of intangible assets 113,858 96,469
Depreciation of tangible assets 110,618 102,333
Loss on disposal of tangible assets 3,244 693
Movements in working capital:
Increase in stocks (65,553 ) (317,074 )
Increase in trade and other debtors (1,366,240 ) (1,056,903 )
Increase in trade and other creditors 100,335 792,684
Net cash generated from operations 710,610 137,630
2. Cash and cash equivalents
Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:
2025 2024
£ £
Cash at bank and in hand 1,022,786 483,303
3. Analysis of changes in net funds
As at 1 February 2024 Cash flows As at 31 January 2025
£ £ £
Cash at bank and in hand 483,303 539,483 1,022,786
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Notes to the Financial Statements
1. General Information
Plantexpand Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02194749 . The registered office is No.5 The Heights, Brooklands , Weybridge , Surrey, KT13 0NY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and 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 are presented in sterling, which is the functional currency of the company.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
Intangible assets aqcuired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliablly.
Amortisation is provided over the expected useful life - 5 years
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.
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2.6. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.7. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans with related parties and other third parties.
Financial Assets
Basic financial assets, including trade and other receivables, and cash and bank balances are recognised at transaction price, less any impairment.
Financial Liabilities
Basic financial liabilities, including trade and other payables, are recognised at transaction price, less any impairment, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.9. Pensions
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related servce, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
3. Operating Profit
The operating profit is stated after charging:
2025 2024
£ £
Bad debts 5,027 -
Depreciation of tangible fixed assets 110,618 102,333
Amortisation of intangible fixed assets 113,858 96,469
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4. Auditor's Remuneration
Remuneration received by the company's auditors and their associates during the year was as follows:
2025 2024
£ £
Audit Services
Audit of the company's financial statements 12,000 8,500
5. Staff Costs
Staff costs, including directors' remuneration, were as follows:
2025 2024
£ £
Wages and salaries 4,137,443 3,164,973
Social security costs 450,957 330,360
Other pension costs 96,271 69,401
4,684,671 3,564,734
6. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2025 2024
Office and administration 31 20
Director 6 6
Engineering 62 46
99 72
7. Directors' remuneration
2025 2024
£ £
Emoluments 570,176 479,231
Company contributions to money purchase pension schemes 31,951 28,241
602,127 507,472
The number of directors to whom retirement benefits were accruing was as follows:
2025 2024
Money purchase pension schemes 5 6
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8. Tax on Profit
The tax charge on the profit for the year was as follows:
Tax Rate 2025 2024
2025 2024 £ £
Current tax
UK Corporation Tax 25.0% 25.0% 1,154 26,717
Prior period adjustment - (21 )
1,154 26,696
Total tax charge for the period 1,154 26,696
The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
2025 2024
£ £
Profit before tax 1,814,348 519,428
Tax on profit at 25% (UK standard rate) 453,587 129,857
Goodwill/depreciation not allowed for tax 28,465 25,756
Expenses not deductible for tax purposes 890 -
Tax losses utilised (455,098 ) (103,677 )
Capital allowances (27,844 ) (51,936 )
Short term timing differences 1,154 26,717
Prior period adjustment - (21 )
Total tax charge for the period 1,154 26,696
9. Intangible Assets
Development Costs
£
Cost
As at 1 February 2024 541,899
Additions 59,751
As at 31 January 2025 601,650
Amortisation
As at 1 February 2024 179,926
Provided during the period 113,858
As at 31 January 2025 293,784
Net Book Value
As at 31 January 2025 307,866
As at 1 February 2024 361,973
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10. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 February 2024 408,842 433,830 146,992 989,664
Additions 39,514 5,892 73,687 119,093
Disposals - (83,446 ) (9,819 ) (93,265 )
As at 31 January 2025 448,356 356,276 210,860 1,015,492
Depreciation
As at 1 February 2024 255,091 245,601 94,924 595,616
Provided during the period 41,652 52,034 16,932 110,618
Disposals - (72,587 ) (9,717 ) (82,304 )
As at 31 January 2025 296,743 225,048 102,139 623,930
Net Book Value
As at 31 January 2025 151,613 131,228 108,721 391,562
As at 1 February 2024 153,751 188,229 52,068 394,048
11. Stocks
2025 2024
£ £
Finished goods 392,953 322,307
Work in progress 209,148 214,241
602,101 536,548
12. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,065,065 995,202
Amounts owed by group undertakings 5,224,327 4,026,007
Other debtors 146,398 48,341
6,435,790 5,069,550
13. Creditors: Amounts falling due within one year
2025 2024
£ £
Trade creditors 1,291,164 1,176,954
Taxation and social security 310,312 249,797
Accruals and deferred income 181,953 256,343
1,783,429 1,683,094
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14. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Accelerated capital allowances 100,631 99,477
15. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 February 2024 99,477 99,477
Additions 1,154 1,154
Balance at 31 January 2025 100,631 100,631
16. Share Capital
2025 2024
Allotted, called up and fully paid £ £
5,003 Ordinary Shares of £ 1.000 each 5,003 5,003
17. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 348,411 245,214
Later than one year and not later than five years 444,685 322,749
Later than five years 53,543 -
846,639 567,963
Operating leases are in relation to vehicles and property.
18. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
During the year the charge to profit or loss in respect of defined contribution schemes was £96,271 (2024: £69,401).
At the balance sheet date contributions of £16,701 (2024: £13,140) were due to the fund and are included in creditors.
19. Related Party Disclosures
The company has taken advantage of exemption, under 33.1A of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose transactions as the group is being consolidated.
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20. Controlling Parties
The company's immediate parent undertaking is Project Fleet Newco Ltd .
The ultimate parent undertaking is Project Fleet Newco Ltd (incorporated in England & Wales). Its registered office is No. 5 The Heights, Brooklands, Weybridge. KT13 0NY .
Copies of the group accounts may be obtained from the company's registered office.
21. Security Charges
The company has two charges registered with Companies House as follows:
  • Charge dated 22 December 2020 with Santander UK PLC. 
The company charges by way of first fixed charge:
Any patents, trade marks, service marks, designs, business names, copyrights, database rights, design rights, topography rights, domain names, moral rights, inventions, confidential information, knowhow and any other assoicated or similar intellectual property rights and interests anywhere in the world (whiich may or in the future subsist), and in each case, whether registered or unregistered;
and the benefit of all applications, righrts to apply for and rights to use such assets (including, without limitation, any licences and sub-licences of the same granted by it or to it) of the company (which may now or in the future subsist).
  • Charge dated 22 December 2020 with Foresight Group LLP (Registered Number OC300878)
Contains fixed charge(s)
Contains floating charge(s) (floating charge covers all the property or undertaking of the company)
Contains negative pledge.
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