REGISTERED NUMBER: 06075058 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

DINTS INTERNATIONAL LTD

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

5

Statement of Comprehensive Income

8

Balance Sheet

9

Statement of Changes in Equity

10

Cash Flow Statement

11

Notes to the Cash Flow Statement

12

Notes to the Financial Statements

13

DIRECTORS:

G S De Mowbray

J R G O'Donnell

REGISTERED OFFICE:

Second Floor

Windsor House

40/41 Great Castle Street

London

W1W 8LU

REGISTERED NUMBER:

06075058 (England and Wales)

AUDITORS:

Jamieson Stone LLP

Windsor House

40/41 Great Castle Street

London

W1W 8LU

The directors present their strategic report for the year ended 31 December 2024.

REVIEW OF BUSINESS

The company's principal activities are the supply of machines, engines, drilling equipment & parts and finance solutions to the construction, mining, infrastructure and renewables industries mainly in Africa, Latin America and Central Asia. At country level, we support our customers by working with experienced and knowledgeable local businesses combining an understanding of local markets with our knowledge of industrial equipment, supply chain, logistics, finance and technology to offer a uniquely competitive solution to our customers. Our business is underpinned by a desire to increase trade between countries becoming a trusted partner with our suppliers and end customers to deliver improved business performance throughout the supply chain particularly at a community level.

Key performance indicators

In line with our operating objectives the company is focused on increasing shareholder value by growing revenue, improving EBITDA and developing market leading technology that delivers accurate data to end users. The company uses Sales, Gross Profit, Net Profit, Free Cash Flow and FX KPIs to manage its business performance. Where relevant, KPIs are used as the primary measures of whether the company is achieving its objectives, however the scale and variety of operations means that many other detailed performance measures are used in addition.

Sustainability

Sustainability is an integral part of our business and underpins our strategy and operations. There is a very high level of awareness of the importance of sustainability practices for the future of the company and of our customers amongst our employees. We encourage business travel only when strictly necessary to meet with customers and we have a hybrid working model for our employees. We have made some progress in documenting and measuring sustainability policies and the company is firmly committed to sustainability principles in its operations. Significantly we have developed a program to work with customers to resell redundant and excess machines and machine parts, resell second hand parts and to refurbish equipment prolonging its useful life.

PRINCIPAL RISKS AND UNCERTAINTIES

The Directors have considered and reviewed the principal business risks relating to the company. These risks are outlined below:

Foreign exchange risks

The company's trading activities are substantially carried out in US Dollars and Euros. The company has a risk from movements in exchange rates as the financial statements are stated in GB Pounds. In order to mitigate the risk of foreign currency exposure on significant transactions the company uses forward currency contracts where appropriate.

Credit risks

The company's main financial assets are cash at bank, trade and other debtors. The company has mitigated credit risk by operating bank accounts with different financial institutions, and by carrying out customer credit checks and setting customer credit limits.

Market risks

The markets in which the company operate are competitive and there is a risk of the company losing sales and key customers. The company competes with a large number of equipment suppliers both in the United Kingdom, and internationally. The company mitigates this risk by providing a high level of customer service and offering innovative customer financing solutions. In addition some of the countries where the company operates have varying levels of political and economic uncertainty. The company mitigates these risks by doing business in multiple countries and geographies, working closely with its local partners, customers and financial partners to deliver local cost effective business solutions.

PRINCIPAL RISKS AND UNCERTAINTIES (continued)

Operating risks

The company principally supplies plant, machinery and spare parts and is dependent on continued demand for, and supply of, products. The company is seeking mitigate this risk by developing innovative financial solutions for customers that enables the customer to order at scale and it is continually working with other suppliers to expand its supplier base. In addition the Company has continued its investment in the development of a technology platform that will enable customers to get product pricing, availability, logistics and delivery information with limited manual intervention.

Key person risk

The company has a high dependency on a number of its key executives and is working to reduce this dependency with a number of new hires as the business grows.

Competition

The Company operates in a very competitive market place with competitors dropping margins to secure market share. The company mitigates this risk by working closely with its local partners to ensure that it is competitive, offering outstanding customer service and developing technology that better serves customer reporting requirements. In addition the development of financial solutions that enables customers to better meet their commercial needs is a competitive differentiator. Management interact regularly with customer and use information gleaned from these meetings to improve its services to customers.

Economy

The general economic conditions and other similar factors including access to credit, unemployment rates, consumer confidence, and other macroeconomic factors impact on the business. A challenging economic and financial situation and uncertainty regarding potential economic recovery could undermine customer demand. A loss of customers or a decline in sales could have an adverse effect on the company's financial position, results of operations and cash flow and may ultimately affect its ability to meet its growth targets.

Capital risk

In order to maintain liquidity to ensure that sufficient funds are available for ongoing business operations and future developments the company uses a mixture of long term and short term debt finance.

ON BEHALF OF THE BOARD:

G S De Mowbray - Director

15 August 2025

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the international procurement and supply of industrial plant and equipment and related spare parts.

DIVIDENDS

The total distribution of dividends for the year ended 31 December 2024 will be £ 398,549 .

DIRECTORS

G S De Mowbray has held office during the whole of the period from 1 January 2024 to the date of this report.

Other changes in directors holding office are as follows:

J R G O'Donnell - appointed 18 September 2024

STATEMENT OF DIRECTORS' RESPONSIBILITIES

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

ON BEHALF OF THE BOARD:

G S De Mowbray - Director

15 August 2025

Opinion

We have audited the financial statements of Dints International Ltd (the 'company') for the year ended 31 December 2024 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 2024 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 Report of the Directors, 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 Directors 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 Directors 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 Directors.

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 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.

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:

We identified that the principal risk of fraud or non-compliance with laws and regulations related to:

-

management bias in respect of accounting estimates and judgements made;

-

management override of control;

-

posting of unusual journals or transactions;

-

significant cash based transactions/misappropriation of cash.

We focussed on those areas that could give rise to a material misstatement in the company financial statements.

Our procedures included, but were not limited to:

-

enquiry of management and those charged with governance around actual and potential litigation and claims, including instances of non-compliance with laws and regulations and fraud;

-

reviewing minutes of meetings of those charged with governance where available;

-

reviewing legal expenditure in the year to identify instances of non-compliance with laws, regulations and fraud;

-

reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

-

performing audit work over the risk of management override of controls, including testing of journal entries andother adjustments for appropriateness, evaluating the business rationale of significant transactions outside thenormal course of business and reviewing accounting estimates for bias.

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.

Michael Stone (Senior Statutory Auditor)

for and on behalf of Jamieson Stone LLP

Windsor House

40/41 Great Castle Street

London

W1W 8LU

15 August 2025

TURNOVER

30,481,280

22,028,935

Cost of sales

(27,311,163

)

(19,921,131

)

GROSS PROFIT

3,170,117

2,107,804

Administrative expenses

(2,044,979

)

(2,040,270

)

OPERATING PROFIT

4

1,125,138

67,534

Interest receivable and similar income

115,297

47,711

1,240,435

115,245

Interest payable and similar expenses

5

(62,579

)

(80,283

)

PROFIT BEFORE TAXATION

1,177,856

34,962

Tax on profit

6

(295,151

)

(8,389

)

PROFIT FOR THE FINANCIAL YEAR

882,705

26,573

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

882,705

26,573

FIXED ASSETS

Intangible assets

8

-

79,775

Tangible assets

9

6,224

7,743

6,224

87,518

CURRENT ASSETS

Stocks

10

597,593

378,265

Debtors

11

7,270,423

24,180,454

Cash in hand

14,564,017

4,055,702

22,432,033

28,614,421

CREDITORS

Amounts falling due within one year

12

(20,773,615

)

(27,358,432

)

NET CURRENT ASSETS

1,658,418

1,255,989

TOTAL ASSETS LESS CURRENT LIABILITIES

1,664,642

1,343,507

CREDITORS

Amounts falling due after more than one year

13

(295,203

)

(537,660

)

PROVISIONS FOR LIABILITIES

15

(95,092

)

(15,656

)

NET ASSETS

1,274,347

790,191

CAPITAL AND RESERVES

Called up share capital

16

80,703

80,703

Share premium

17

426,100

426,100

Retained earnings

17

767,544

283,388

SHAREHOLDERS' FUNDS

1,274,347

790,191

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2025 and were signed on its behalf by:

G S De Mowbray - Director

Called up

share

Retained

Share

Total

capital

earnings

premium

equity

£

£

£

£

Balance at 1 January 2023

80,703

256,815

426,100

763,618

Changes in equity

Total comprehensive income

-

26,573

-

26,573

Balance at 31 December 2023

80,703

283,388

426,100

790,191

Changes in equity

Dividends

-

(398,549

)

-

(398,549

)

Total comprehensive income

-

882,705

-

882,705

Balance at 31 December 2024

80,703

767,544

426,100

1,274,347

Cash flows from operating activities

Cash generated from operations

1

11,024,910

(635,924

)

Interest paid

(62,579

)

(80,283

)

Tax paid

(2,907

)

(126,996

)

Net cash from operating activities

10,959,424

(843,203

)

Cash flows from investing activities

Purchase of intangible fixed assets

(318,774

)

(75,906

)

Purchase of tangible fixed assets

(5,175

)

(3,843

)

Sale of tangible fixed assets

-

2,759

Interest received

115,297

47,711

Net cash from investing activities

(208,652

)

(29,279

)

Cash flows from financing activities

Loan repayments in year

(242,457

)

(237,649

)

Net cash from financing activities

(242,457

)

(237,649

)

Increase/(decrease) in cash and cash equivalents

10,508,315

(1,110,131

)

Cash and cash equivalents at beginning of year

2

4,055,702

5,165,833

Cash and cash equivalents at end of year

2

14,564,017

4,055,702

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

2024

2023

£

£

Profit before taxation

1,177,856

34,962

Depreciation charges

6,272

12,563

Loss/(profit) on disposal of fixed assets

421

(1,466

)

Finance costs

62,579

80,283

Finance income

(115,297

)

(47,711

)

1,131,831

78,631

(Increase)/decrease in stocks

(219,328

)

203,063

Decrease/(increase) in trade and other debtors

16,904,034

(15,165,097

)

(Decrease)/increase in trade and other creditors

(6,791,627

)

14,247,479

Cash generated from operations

11,024,910

(635,924

)

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 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

14,564,017

4,055,702

Year ended 31 December 2023

31.12.23

1.1.23

£

£

Cash and cash equivalents

4,055,702

5,215,320

Bank overdrafts

-

(49,487

)

4,055,702

5,165,833

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.24

Cash flow

At 31.12.24

£

£

£

Net cash

Cash at bank and in hand

4,055,702

10,508,315

14,564,017

4,055,702

10,508,315

14,564,017

Debt

Debts falling due within 1 year

(236,161

)

-

(236,161

)

Debts falling due after 1 year

(537,660

)

242,457

(295,203

)

(773,821

)

242,457

(531,364

)

Total

3,281,881

10,750,772

14,032,653

1.	STATUTORY INFORMATION

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

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

Significant judgements and estimates

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 affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover

Turnover is the total amount receivable by the company excluding value added tax, in the ordinary course of its business for goods supplied and services provided.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Software is being amortised evenly over its estimated useful life of five years.

Development expenditure

The intangible fixed asset relates to a proportion of staff time spent on a website development project. The website facilitates the self-placing of orders by customers on real-time bases from remote locations. No amortisation is charged in the year of capitalisation. The expected useful economic life of the asset, over which the value is being amortised, has been estimated by management to be 4.5 years from the balance sheet date. No adjustment has been made to recognise these as deemed costs on transition to FRS102.

Tangible fixed assets and depreciation

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

Fixture & fittings

-

25% on cost

Office equipment

-

33% on cost

The computer equipment class of assets represents external costs relating to the same website development as the capitalised development expenditure. No depreciation is incurred in the year of capitalisation as is consistent with the amortisation policy of the associated intangible asset.

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 only enters into basic financial instrument transactions that result in the recognition of financial

assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and the purchase of fixed assets.

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.

Going concern

The financial statements have been prepared on a going concern basis which means that the company can be expected to meet its liabilities as they fall due for a period of 12 months from the date of signing these financial statements. In assessing the appropriateness of the going concern basis of preparation the directors have taken into account the key risks of the business. The Directors have considered the company's business model and availability of cash resources and cite that the Company is profitable, is in a net asset position at the year end and has generated sufficient cash to meet its liabilities during the financial year.

Having undertaken this assessment the directors consider that the company will be able to meet its liabilities as they fall due for the foreseeable future and it is therefore appropriate to prepare the financial statements on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

2024

2023

£

£

Wages and salaries

1,009,030

961,970

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

2024

2023

Management

1

1

Administration & marketing

14

12

15

13

2024

2023

£

£

Directors' remuneration

260,312

143,062

Information regarding the highest paid director for the year ended 31 December 2024 is as follows:

2024

£

Emoluments etc

170,312

4.	OPERATING PROFIT

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

2024

2023

£

£

Hire of plant and machinery

129,396

95,340

Depreciation - owned assets

6,273

4,075

Loss/(profit) on disposal of fixed assets

421

(1,466

)

Software amortisation

-

5,159

Foreign exchange differences

19,799

151,648

Auditors' remuneration

11,500

11,500

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

2024

2023

£

£

Loan interest

62,579

80,283

6.

TAXATION

Analysis of the tax charge

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

2024

2023

£

£

Current tax:

UK corporation tax

215,715

(4,869

)

Deferred tax

79,436

13,258

Tax on profit

295,151

8,389

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:

2024

2023

£

£

Profit before tax

1,177,856

34,962

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2023 - 19%)

294,464

6,643

Effects of:

Expenses not deductible for tax purposes

901

138

Capital allowances in excess of depreciation

(79,650

)

(11,650

)

Deferred tax

79,436

13,258

Total tax charge

295,151

8,389

7.

DIVIDENDS

2024

2023

£

£

Interim

398,549

-

During the financial year the company transferred ownership of all intellectual property rights and software development costs associated to its proprietary software development by way of a dividend in-specie to Via.Trade Ltd, its immediate parent company.

8.	INTANGIBLE FIXED ASSETS

Software

£

COST

At 1 January 2024

91,383

Additions

318,774

Disposals

(410,157

)

At 31 December 2024

-

AMORTISATION

At 1 January 2024

11,608

Eliminated on disposal

(11,608

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

79,775

9.	TANGIBLE FIXED ASSETS

Fixture &

Office

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

11,801

81,355

93,156

Additions

-

5,175

5,175

Disposals

-

(59,588

)

(59,588

)

At 31 December 2024

11,801

26,942

38,743

DEPRECIATION

At 1 January 2024

11,801

73,612

85,413

Charge for year

-

6,273

6,273

Eliminated on disposal

-

(59,167

)

(59,167

)

At 31 December 2024

11,801

20,718

32,519

NET BOOK VALUE

At 31 December 2024

-

6,224

6,224

At 31 December 2023

-

7,743

7,743

10.

STOCKS

2024

2023

£

£

Finished goods

597,593

378,265

11.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

2,752,566

2,191,473

Other debtors

20,328

39,455

Tax

508

6,505

VAT

72,713

55,056

Prepayments and accrued income

4,424,308

21,887,965

7,270,423

24,180,454

12.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 14)

188,700

188,700

Other loans (see note 14)

47,461

47,461

Trade creditors

1,805,743

1,347,255

Corporation tax

225,974

16,765

Social security and other taxes

32,594

25,690

Other creditors

17,657,103

25,010,289

Amounts due to group

undertakings

10,991

81,997

Accruals and deferred income

805,049

640,275

20,773,615

27,358,432