REGISTERED NUMBER: 03150434 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 31 December 2024

for

Stage One Creative Services Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Profit and Loss Account

10

Other Comprehensive Income

11

Balance Sheet

12

Statement of Changes in Equity

13

Notes to the Financial Statements

14

DIRECTORS:

M N Johnson

M K Harrison

C L D Johnson

SECRETARY:

E A Johnson

REGISTERED OFFICE:

Hangar 88

Marston Business Park

Tockwith

York

YO26 7QF

REGISTERED NUMBER:

03150434 (England and Wales)

SENIOR STATUTORY AUDITOR:

Phillipa Symington ACA, CA(SA)

AUDITORS:

Clive Owen LLP

Chartered Accountants

& Statutory Auditors

Oak Tree House, Harwood Road

Northminster Business Park

Upper Poppleton

York

YO26 6QU

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

REVIEW OF BUSINESS

The directors aim to present a balanced and comprehensive review of the development and performance of the business during the year and its position at the year end. Their review is consistent with the size and complexity of the business and is written in the context of the risks and uncertainties they face.

The key financial and other performance indicators during the year were as follows:

2024

2023

2022

£

£

Turnover

15,227,383

20,965,838

36,810,494

Operating profit/(loss)

(244,669)

1,567,221

7,797,840

Profit/(loss) before tax

(77,439)

1,598,788

7,762,497

Equity shareholders' funds

5,142,913

5,058,135

4,598,072

Number of employees

135

134

117

This financial year proved to be a very challenging one, compared to previous years, where the Company experienced a reduction in turnover due largely to decreased market demand for our services.

Margins remain a core focus of the business, particularly in the context of continued inflationary pressure on energy, materials, and labour. Persistent diligence in costing, procurement and process continues to serve the Company well and positively influences margin across projects of all sizes.

The Middle East region again made a major contribution to sales. The territory remains particularly tame and provides a positive influence on overall profitability. Geopolitical instability in this territory does not appear to have had a negative effect on our trading relationship within the region. The coming year is already seeing increased levels of activity that will certainly contribute to project revenues.

The business will continue to attract and deliver higher margin projects. The activity mix remains important to profitability although this mix is broadly influenced by client demand.

Except for an increased administration overhead, the impact of Brexit on the business has been negligible.

There is no policy for hedging each major type of forecasted transaction for which hedge accounting is used.

There were no political donations made, or political expenditure incurred in this financial year.

PRINCIPAL RISKS AND UNCERTAINTIES

The principle risks and uncertainties facing the company are -

Competitive risk:

The company receives its income through a variety of markets and seeks to minimise its reliance on a particular sector. Should a fall occur in one sector the impact on turnover would be minimal by the spread of work into other sectors.

Exposure to credit risk:

Credit risk is the risk that one party to a financial instrument will cause a financial loss for that other party by failing to discharge an obligation. Company policies are aimed at minimising such losses, and require that customers provide a deposit advance when works are accepted. Deferred payments terms are then granted to customers based on milestones during the life of works. Consideration of payment history and customers credit worthiness are considered in each case. Details of the company's debtors are shown in Note 11 to the financial statements.

Liquidity risk:

Liquidity risk is the risk that an entity will encounter difficulty in meeting obligations associated with financial liabilities. The company aims to mitigate liquidity risk by managing cash generation by its operations and applying cash collection targets.

ON BEHALF OF THE BOARD:

M N Johnson - Director

18 September 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 providing engineering, construction and automation for live public events, entertainment, corporate communication and architectural industries.

DIVIDENDS

The total distribution of dividends for the year ended 31 December 2024 will be £NIL (2023: £975,000).

RESEARCH AND DEVELOPMENT

The company was involved in the research and development of a range of engineering, construction and automation solutions for live events and installations.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

M N Johnson

M K Harrison

Other changes in directors holding office are as follows:

T I Leigh - resigned 6 December 2024

C L D Johnson was appointed as a director after 31 December 2024 but prior to the date of this report.

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.

AUDITORS

The auditors, Clive Owen LLP, are deemed to be reappointed under section 487(2) of the Companies Act 2006.

ON BEHALF OF THE BOARD:

M N Johnson - Director

18 September 2025

Opinion

We have audited the financial statements of Stage One Creative Services Limited (the 'company') for the year ended 31 December 2024 which comprise the Profit and Loss Account, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 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.

To the extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, to detect material misstatements in respect of irregularities, including fraud. Our audit must be alert to the risk of manipulation of the financial statements and seek to understand the incentives and opportunities for management to achieve this.

We undertake the following procedures to identify and respond to these risks of non-compliance:

-

Understanding the key legal and regulatory frameworks that are applicable to the company. We communicated identified laws and regulations throughout the audit team and remained alert to any indications of non-compliance throughout the audit. We determined the most significant of these to be financial reporting legislation, taxation legislation, health & safety, and employment law.

-

Enquiry of directors and management as to policies and procedures to ensure compliance and any known instances of non-compliance.

-

Review of board minutes and correspondence relevant to the audit.

-

Enquiry of directors and management as to areas of the financial statements susceptible to fraud and how these risks are managed.

-

Challenging management on key estimates, assumptions and judgements made in the preparation of the financial statements. These key areas of uncertainty are disclosed in the accounting policies.

-

Identify and testing unusual journal entries, with a particular focus on manual journal entries.

Through these procedures, we did not become aware of actual or suspected non-compliance.

We planned and performed our audit in accordance with auditing standards but owing to the inherent limitations of procedures required in these areas, there is an unavoidable risk that we may not have detected a material misstatement in the accounts. The further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from an error, as fraud may involve concealment, collusion, forgery, misrepresentation, or 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.

Phillipa Symington ACA, CA(SA) (Senior Statutory Auditor)

for and on behalf of Clive Owen LLP

Chartered Accountants

& Statutory Auditors

Oak Tree House, Harwood Road

Northminster Business Park

Upper Poppleton

York

YO26 6QU

18 September 2025

TURNOVER

3

15,227,383

20,965,838

Cost of sales

(11,425,573

)

(14,729,651

)

GROSS PROFIT

3,801,810

6,236,187

Administrative expenses

(4,046,479

)

(4,668,966

)

OPERATING (LOSS)/PROFIT

5

(244,669

)

1,567,221

Interest receivable and similar income

189,273

64,685

(55,396

)

1,631,906

Interest payable and similar expenses

6

(22,043

)

(33,118

)

(LOSS)/PROFIT BEFORE TAXATION

(77,439

)

1,598,788

Tax on (loss)/profit

7

162,217

(163,725

)

PROFIT FOR THE FINANCIAL YEAR

84,778

1,435,063

PROFIT FOR THE YEAR

84,778

1,435,063

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

84,778

1,435,063

FIXED ASSETS

Tangible assets

9

2,789,562

2,816,009

CURRENT ASSETS

Stocks

10

1,065,923

1,019,267

Debtors

11

7,300,324

6,322,871

Cash at bank and in hand

4,178,503

5,702,605

12,544,750

13,044,743

CREDITORS

Amounts falling due within one year

12

(9,693,982

)

(10,225,790

)

NET CURRENT ASSETS

2,850,768

2,818,953

TOTAL ASSETS LESS CURRENT LIABILITIES

5,640,330

5,634,962

CREDITORS

Amounts falling due after more than one year

13

(49,355

)

(94,472

)

PROVISIONS FOR LIABILITIES

16

(448,062

)

(482,355

)

NET ASSETS

5,142,913

5,058,135

CAPITAL AND RESERVES

Called up share capital

17

75

75

Capital redemption reserve

18

25

25

Retained earnings

18

5,142,813

5,058,035

SHAREHOLDERS' FUNDS

5,142,913

5,058,135

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2025 and were signed on its behalf by:

M N Johnson - Director

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 January 2023

75

4,597,972

25

4,598,072

Changes in equity

Dividends

-

(975,000

)

-

(975,000

)

Total comprehensive income

-

1,435,063

-

1,435,063

Balance at 31 December 2023

75

5,058,035

25

5,058,135

Changes in equity

Total comprehensive income

-

84,778

-

84,778

Balance at 31 December 2024

75

5,142,813

25

5,142,913

1.	STATUTORY INFORMATION

Stage One Creative Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102'), and with the Companies Act 2006. The financial statements have been prepared on the historical cost basis.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Going concern

The directors assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors make this assessment in respect of a period of at least one year from the date the financial statements are approved.

The financial statements are prepared on the going concern basis which assumes that the group will continue to trade. If the group is unable to continue to trade, adjustments would be required to reduce the value of assets to their recoverable amounts, to provide for any further liabilities that might arise and to analyse long term liabilities as current liabilities.

Financial Reporting Standard 102 - reduced disclosure exemptions

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

•

the requirements of Section 7 Statement of Cash Flows.

Preparation of consolidated financial statements

The financial statements contain information about Stage One Creative Services Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Stage One Group Limited, Hangar 88 Marston Business Park, Tockwith, York, YO26 7QF.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for income and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

The following are the group's key sources of estimation uncertainty:

Estimation of stage of completion of projects

The stage of completion of projects is determined based on the labour costs to date versus the labour cost for the full project. This is considered the most appropriate measure due to the consistent level of required labour throughout the project.Based on the calculation performed, the percentage stage of completion is assessed to ensure that it reflects the stage

of progress that the project has achieved

The carrying value of work-in-progress is sensitive to changes in the estimated stage of completion of contracts,and to the extent that the outcome of a contract can be measured reliably. See note 10 for the carrying amount of work-in-progress.

The extent of revenue, project expenses and profit / loss for a project is sensitive to changes in the estimated stage of completion of contracts, and to the extent that the outcome of a contract can be measured reliably.work-in-progress.

Turnover

Turnover represents the fair value of the right to consideration for goods sold and services provided to customers.

Income recognition

Income from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has been transferred to to buyer. Income from the rendering of services is recognised by reference to the stage of completion to the extent that the outcome of a contract can be estimated reliably.

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.

Long leasehold

-

10% on cost

Plant and machinery

-

25% on cost and 15% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on cost

IT equipment

-

20% on cost

Fixed assets are initially recognised at cost and subsequently carried at cost less accumulated depreciation and impairment.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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 the profit and loss account 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.

3.

TURNOVER

The turnover and loss (2023 - profit) before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

2024

2023

£

£

United Kingdom

6,429,789

8,131,234

Overseas

8,797,594

12,834,604

15,227,383

20,965,838

4.	EMPLOYEES AND DIRECTORS

2024

2023

£

£

Wages and salaries

6,130,771

6,080,770

Social security costs

668,996

607,604

Other pension costs

143,317

120,584

6,943,084

6,808,958

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

2024

2023

Production

75

78

Administration

48

46

Management and project leaders

12

10

135

134

Key management remuneration is not disclosed as the directors are the only employees considered key management and disclosed separately.

2024

2023

£

£

Directors' remuneration

258,893

325,123

Directors' pension contributions to money purchase schemes

1,321

1,321

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes

1

1

Information regarding the highest paid director is as follows:

2024

2023

£

£

Emoluments etc

138,681

200,945

Pension contributions to money purchase schemes

1,321

-

5.	OPERATING (LOSS)/PROFIT

The operating loss (2023 - operating profit) is stated after charging/(crediting):

2024

2023

£

£

Depreciation - owned assets

774,158

712,808

Depreciation - assets on hire purchase contracts

133,797

171,597

Profit on disposal of fixed assets

(99,623

)

(73,743

)

Auditors' remuneration

22,000

21,000

Foreign exchange differences

(179,677

)

(293,449

)

Operating lease rentals - land and buildings

242,406

463,904

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2024

2023

£

£

Hire purchase

22,043

33,118

7.

TAXATION

Analysis of the tax (credit)/charge

The tax (credit)/charge on the loss for the year was as follows:

2024

2023

£

£

Current tax:

UK corporation tax

-

210,603

Tax credit

(127,924

)

-

Total current tax

(127,924

)

210,603

Deferred tax

(34,293

)

(46,878

)

Tax on (loss)/profit

(162,217

)

163,725

Reconciliation of total tax (credit)/charge included in profit and loss

The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2024

2023

£

£

(Loss)/profit before tax

(77,439

)

1,598,788

(Loss)/profit multiplied by the standard rate of corporation tax in the UK of 25% (2023 - 23.521%)

(19,360

)

376,051

Effects of:

Expenses not deductible for tax purposes

3,155

3,111

Fixed asset differences

14,346

13,498

Research and development tax credit

(168,408

)

(228,233

)

Super deduction

-

(702

)

Impact of change for loss carried back

8,050

-

Total tax (credit)/charge

(162,217

)

163,725

8.

DIVIDENDS

2024

2023

£

£

Ordinary shares of £0.01 each

Interim

-

975,000

9.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 January 2024

833,920

6,274,673

400,311

Additions

294,595

553,905

-

Disposals

-

(73,717

)

-

At 31 December 2024

1,128,515

6,754,861

400,311

DEPRECIATION

At 1 January 2024

412,339

4,379,746

296,680

Charge for year

93,372

641,200

24,781

Eliminated on disposal

-

(73,718

)

-

At 31 December 2024

505,711

4,947,228

321,461

NET BOOK VALUE

At 31 December 2024

622,804

1,807,633

78,850

At 31 December 2023

421,581

1,894,927

103,631

Motor

IT

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

544,714

1,001,096

9,054,714

Additions

4,800

28,207

881,507

Disposals

-

-

(73,717

)

At 31 December 2024

549,514

1,029,303

9,862,504

DEPRECIATION

At 1 January 2024

294,397

855,543

6,238,705

Charge for year

97,224

51,378

907,955

Eliminated on disposal

-

-

(73,718

)

At 31 December 2024

391,621

906,921

7,072,942

NET BOOK VALUE

At 31 December 2024

157,893

122,382

2,789,562

At 31 December 2023

250,317

145,553

2,816,009