REGISTERED NUMBER: 07006709 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

AEGG LTD

Page

Company Information

1

Strategic Report

2

Report of the Director

4

Report of the Independent Auditors

6

Statement of Income and Retained Earnings

10

Balance Sheet

11

Cash Flow Statement

12

Notes to the Cash Flow Statement

13

Notes to the Financial Statements

15

DIRECTOR:

A N B Coats

REGISTERED OFFICE:

Oaksmere Business Park

Eye Airfield Industrial Estate

Yaxley

Eye

Suffolk

IP23 8BW

REGISTERED NUMBER:

07006709 (England and Wales)

SENIOR STATUTORY AUDITOR:

Nicholas Jones FCCA

AUDITORS:

Fawcetts LLP

Chartered Accountants

and Statutory Auditors

Windover House

St. Ann Street

Salisbury

SP1 2DR

The director presents his strategic report for the year ended 31 December 2024.

REVIEW OF BUSINESS

Our purpose is to provide food and beverage sector partners the ultimate solution to their glass and plastic packaging requirements. The Company outsources the manufacturing of its glass products to accredited producers and continues to invest in plastic manufacturing capability at our Suffolk site.

The financial results of Aegg (the "Company") show a revenue decline of 3.2% despite the underlying volume growth compared to the twelve months ended 31 December 2023.

The margin percentage has improved compared to the previous year, primarily due to reductions in energy and shipping costs, along with more effective foreign exchange management. However, the uncertain political and economic environment, as well as the potential impact of new Extended Producer Responsibility (EPR) legislation, may present future challenges. The Company has mitigation processes in place to help protect against the effects of exchange rate fluctuations and inflationary pressures.

Additionally, the Company has continued to invest in its Suffolk operating site, enhancing its distribution infrastructure to support future growth.

PRINCIPAL RISKS AND UNCERTAINTIES

Operation in the packaging industry presents a number of risks. Those that are regularly reviewed and mitigated by the Senior Management Team are:

Costs of manufacture including energy

The Company has employees and advisors dedicated to supply chain who work closely with the Company's manufacturing partners.

Availability of sea freight

A significant amount of time is invested in relationship management with shipping lines and in securing fixed ocean freight rates.

Infrastructure to minimise disruption and transport inflation

The Company owns and operates its own fleet of tractor units, skeletal and curtain-sided trailers, employing its own drivers.

Currency risk

Rolling working capital forecasts are regularly prepared allowing appropriate foreign currency forward contracts to be placed.

KEY PERFORMANCE INDICATORS (KPI’S)

The Company measures certain KPI's weekly and periodically; quality, customer service levels, category growth, sales pipeline, working capital (stock, days of sales and purchases outstanding), profitability and cash available for short and long requirements.

ON BEHALF OF THE BOARD:

A N B Coats - Director

28 April 2025

The director presents his 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 manufacture and trade of food and drink packaging.

DIVIDENDS

No dividends will be distributed for the year ended 31 December 2024.

DIRECTOR

A N B Coats held office during the whole of the period from 1 January 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, Fawcetts LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

A N B Coats - Director

28 April 2025

Opinion

We have audited the financial statements of Aegg Ltd (the 'company') for the year ended 31 December 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet, 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 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:

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations we consider the following:

-

the nature of the industry/sector, control environment and financial performance;

-

results of our enquiries of management about their own identification and assessment of the risk of irregularities;

-

any matters we identified having obtained and reviewed the company's documentation of their policies and procedures relating to:

-

identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;

-

detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; and

-

the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;.

-

the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following area: revenue and profit recognition. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We have also obtained an understanding of the legal and regulatory frameworks that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and tax legislation.

Audit response to risk identified

As a result of performing the above, we identified revenue and profit recognition, stock valuation, estimation techniques and management override of controls as key matters related to the potential risk of fraud or material misstatement. Our procedures to respond to risks identified included the following:

-

reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

-

enquiring of management concerning actual and potential litigation and claims;

-

performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

-

performing substantive procedures to ascertain the completeness, existence, valuation and, rights and obligations of stocks as at the year-end;

-

understanding the entity's revenue recognition policies and how they are applied, including the relevant controls and processes and performing a walk-through to validate our understanding;

-

performing analytical procedures to compare revenue recognised against expectations, past results, and management forecasts, and investigated material divergences by obtaining corroborative evidence;

-

reading minutes of meetings of those charged with governance and reviewing any correspondence with HMRC; and

-

in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

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.

Nicholas Jones FCCA (Senior Statutory Auditor)

for and on behalf of Fawcetts LLP

Chartered Accountants

and Statutory Auditors

Windover House

St. Ann Street

Salisbury

SP1 2DR

28 April 2025

TURNOVER

23,716,361

24,493,488

Cost of sales

17,346,301

19,225,470

GROSS PROFIT

6,370,060

5,268,018

Administrative expenses

3,015,782

2,829,251

OPERATING PROFIT

4

3,354,278

2,438,767

Interest receivable and similar income

2,911

-

3,357,189

2,438,767

Interest payable and similar expenses

5

92,083

142,405

PROFIT BEFORE TAXATION

3,265,106

2,296,362

Tax on profit

6

823,518

545,337

PROFIT FOR THE FINANCIAL YEAR

2,441,588

1,751,025

Retained earnings at beginning of year

3,711,843

1,960,818

RETAINED EARNINGS AT END OF YEAR

6,153,431

3,711,843

FIXED ASSETS

Intangible assets

7

3,797

3,797

Tangible assets

8

3,516,786

3,876,698

3,520,583

3,880,495

CURRENT ASSETS

Stocks

9

3,163,870

2,677,980

Debtors

10

6,860,983

6,148,272

Cash at bank and in hand

390,032

68,044

10,414,885

8,894,296

CREDITORS

Amounts falling due within one year

11

5,653,325

5,926,822

NET CURRENT ASSETS

4,761,560

2,967,474

TOTAL ASSETS LESS CURRENT LIABILITIES

8,282,143

6,847,969

CREDITORS

Amounts falling due after more than one year

12

(1,779,790

)

(2,739,116

)

PROVISIONS FOR LIABILITIES

15

(348,822

)

(396,910

)

NET ASSETS

6,153,531

3,711,943

CAPITAL AND RESERVES

Called up share capital

16

100

100

Retained earnings

17

6,153,431

3,711,843

SHAREHOLDERS' FUNDS

6,153,531

3,711,943

The financial statements were approved by the director and authorised for issue on 28 April 2025 and were signed by:

A N B Coats - Director

Cash flows from operating activities

Cash generated from operations

1

2,458,081

(1,512,256

)

Interest paid

(92,083

)

(142,405

)

Tax paid

(451,305

)

(144,878

)

Net cash from operating activities

1,914,693

(1,799,539

)

Cash flows from investing activities

Purchase of tangible fixed assets

(255,228

)

(252,353

)

Sale of tangible fixed assets

23,887

38,583

Grant received

325,606

-

Interest received

2,911

-

Net cash from investing activities

97,176

(213,770

)

Cash flows from financing activities

Loan repayments in year

(500,000

)

(300,000

)

Capital repayments in year

(135,255

)

(173,419

)

Amount introduced by directors

-

263,864

Amount withdrawn by directors

(188,949

)

(363,279

)

Share issue

-

99

Net cash from financing activities

(824,204

)

(572,735

)

Increase/(decrease) in cash and cash equivalents

1,187,665

(2,586,044

)

Cash and cash equivalents at beginning of year

2

(1,034,257

)

1,551,787

Cash and cash equivalents at end of year

2

153,408

(1,034,257

)

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

2024

2023

£

£

Profit before taxation

3,265,106

2,296,362

Depreciation charges

241,533

424,722

Loss/(profit) on disposal of fixed assets

24,113

(29,397

)

Finance costs

92,083

142,405

Finance income

(2,911

)

-

3,619,924

2,834,092

Increase in stocks

(485,890

)

(399,215

)

(Increase)/decrease in trade and other debtors

(712,711

)

1,240,952

Increase/(decrease) in trade and other creditors

36,758

(5,188,085

)

Cash generated from operations

2,458,081

(1,512,256

)

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

390,032

68,044

Bank overdrafts

(236,624

)

(1,102,301

)

153,408

(1,034,257

)

Year ended 31 December 2023

31.12.23

1.1.23

£

£

Cash and cash equivalents

68,044

1,551,787

Bank overdrafts

(1,102,301

)

-

(1,034,257

)

1,551,787

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1.1.24

Cash flow

At 31.12.24

£

£

£

Net cash

Cash at bank and in hand

68,044

321,988

390,032

Bank overdrafts

(1,102,301

)

865,677

(236,624

)

(1,034,257

)

1,187,665

153,408

Debt

Finance leases

(332,871

)

135,255

(197,616

)

Debts falling due within 1 year

(300,000

)

72,727

(227,273

)

Debts falling due after 1 year

(427,273

)

427,273

-

(1,060,144

)

635,255

(424,889

)

Total

(2,094,401

)

1,822,920

(271,481

)

1.	STATUTORY INFORMATION

Aegg 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.

The financial statements have been prepared on a going concern basis and are presented in Sterling (£) which is the functional currency of the company.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebate and value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of six years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

50% on cost and 25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low value with a short life. Repair, renovation and replacement expenditure is written off as expenditure in the profit and loss account. The cost of fixed assets is their purchase cost, together with any incidental costs of acquisition.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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

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

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

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.

Debtors

Debtors are measured at their recoverable amount.

Creditors and provisions

Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3.	EMPLOYEES AND DIRECTORS

2024

2023

£

£

Wages and salaries

1,871,931

1,652,171

Social security costs

40,715

26,646

Other pension costs

50,552

32,703

1,963,198

1,711,520

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

2024

2023

Directors

1

1

Staff

34

32

35

33

2024

2023

£

£

Director's remuneration

2,988

2,988

4.	OPERATING PROFIT

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

2024

2023

£

£

Other operating leases

11,449

-

Depreciation - owned assets

235,914

284,558

Depreciation - assets on hire purchase contracts

128,132

140,163

Loss/(profit) on disposal of fixed assets

24,113

(29,397

)

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

2024

2023

£

£

Bank interest

30,970

63,162

Bank loan interest

38,547

62,513

Other interest

2,038

-

Hire purchase interest

20,528

16,730

92,083

142,405

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

871,606

452,163

Deferred tax

(48,088

)

93,174

Tax on profit

823,518

545,337

7.	INTANGIBLE FIXED ASSETS

Patents

and

Goodwill

licences

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

1,800,000

3,797

1,803,797

AMORTISATION

At 1 January 2024

and 31 December 2024

1,800,000

-

1,800,000

NET BOOK VALUE

At 31 December 2024

-

3,797

3,797

At 31 December 2023

-

3,797

3,797

8.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

2,284,707

3,771,000

87,775

985,533

7,129,015

Additions

35,923

159,744

2,561

57,000

255,228

Disposals

-

(48,000

)

-

(5,250

)

(53,250

)

Grants

(195,229

)

(77,678

)

-

(52,700

)

(325,607

)

At 31 December 2024

2,125,401

3,805,066

90,336

984,583

7,005,386

DEPRECIATION

At 1 January 2024

-

2,451,248

79,833

721,236

3,252,317

Charge for year

-

215,126

3,936

144,984

364,046

Eliminated on disposal

-

-

-

(5,250

)

(5,250

)

Charge written back

-

(69,813

)

-

(52,700

)

(122,513

)

At 31 December 2024

-

2,596,561

83,769

808,270

3,488,600

NET BOOK VALUE

At 31 December 2024

2,125,401

1,208,505

6,567

176,313

3,516,786

At 31 December 2023

2,284,707

1,319,752

7,942

264,297

3,876,698

The net book value of tangible fixed assets includes £176,313 (2023: £248,471) in respect of assets under hire purchase contracts.

9.

STOCKS

2024

2023

£

£

Stocks

3,163,870

2,677,980

10.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

5,029,191

4,274,267

Other debtors

415,781

362,181

Prepayments

248,574

399,897

5,693,546

5,036,345