REGISTERED NUMBER: 05879575 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 31 December 2024

for

Hanson Regan Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Income Statement

10

Other Comprehensive Income

11

Balance Sheet

12

Statement of Changes in Equity

13

Cash Flow Statement

14

Notes to the Cash Flow Statement

15

Notes to the Financial Statements

16

DIRECTORS:

J T Kelly

G Kelly

SECRETARY:

Mrs S E Breen

REGISTERED OFFICE:

T Bromley

15-17 London Road

Bromley

Kent

BR1 1DE

REGISTERED NUMBER:

05879575 (England and Wales)

AUDITORS:

Nichols & Co ( Accountancy ) Limited

Chartered Accountants

and Statutory Auditors

Unit 7

Mulberry Place

Pinnell Road

Eltham

London

SE9 6AR

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

The purpose of the strategic report is to provide shareholders with information to assess how the directors (registered at companies house) have performed their duties to promote the success of the company, for the benefit of the shareholders as a whole and in doing so having regard, amongst other matters listed below:

a) the likely consequences for any decision in the long term;

b) the interests of the company's employees;

c) the need to foster the company's business relationships, with suppliers, customers and others;

d) the impact of the company's operations on the community and the environment;

e) the desirability of the company maintaining a reputation for high standards of business conduct; and

f) the need to act fairly as between members of the company, where members are the shareholders of the company.

Directors duty should be consistent with the principle of enlightened shareholder value, recognising that companies are run for the benefit of shareholders, but that the long-term success of a business is dependent on maintaining relationships with stakeholders and considering the external impact of the company's activities. This report should explain how the board has had regard to the broader matters in our actions, behaviors and decisions.

REVIEW OF BUSINESS

Our development is now guided by the Hanson Regan Vision, a five-year plan that is regularly reviewed by our Board. This plan aligns with our core values of Team, Delivery, and Truth, while balancing seven strategic pillars to promote sustainable growth:

1. Customer Experience

2. Workforce Development

3. Operational Excellence

4. Technology and Digital Transformation

5. Innovation and Agility

6. Sustainability and Social Responsibility

7. Financial Performance

We are committed to incorporating the requirements cascaded to us by our stakeholders, including legislative and regulatory changes. Additionally, we continue to integrate sustainable practices and social responsibility into our business model, further enhancing our brand reputation.

Our key priorities are to serve our clients, our candidates and our people. We strive for world-class delivery of genuine, new value to all stakeholders, with a mission to consistently provide the precise expertise needed, every time; to always surprise and delight our clients and to never send a disappointing introduction to any client or prospect. Our goal is to make a positive difference, act ethically, nurture fairness and inclusivity; give back to our community, while being gentle on the planet, delivered in a sustainable way.

As we wrote last year, we are undergoing restructuring and implementing significant changes to establish a foundation for future growth. We are managing our cost base, reducing the risks associated with client over-concentration, and attracting senior salespeople of the right calibre. We consider ourselves a "learning company" and continually invest in training and coaching to develop a skilled and motivated workforce. We strive to create a cohesive team that values inclusive collaboration while balancing health, work, and social life.

At the core of our plans has been the successful recruitment of a new Sales Director in 2024.

ISO standards have been maintained; 9001 (Quality Management Systems), 14001 (Environmental Management), 27001 (Information Security Management) and 45001 (Health & Safety) and achieving a clear audit and recertification in April 2024.

In 2025 we will be working on the following programmes:

- Remuneration review - we will assess long-term bonus and incentive plans

- Further developing our business and client development programme

- Implementing a revised Marketing Plan; including enhancing our services offerings and new value to clients

- Promoting innovation, agility, and efficiency, we will continually explore opportunities for digital transformation

PERFORMANCE

The company recorded a pre-tax loss of £72k in 2024, compared to a profit of £75k in 2023. This decline is primarily due to a significant reduction in turnover and a drop in contractor placements during the year.

Turnover has decreased from £23m in 2023 to £14m in 2024.

The net shareholders' fund has also decreased slightly from £2.1m in 2023 to £1.8m in 2024.

MARKETS

Hanson Regan are SAP specialists, prioritising the development of clients in Europe, who have SAP at the heart of their ERP and technology operations and typically orchestrate people/contractors for substantial change projects.

Throughout 2024, the European market for SAP contractors has navigated a backdrop of macroeconomic and geopolitical uncertainty, which have led some organisations to pause or slow down discretionary IT spend. As a result, there are areas of uneven demand, particularly in sectors more susceptible to cost pressures. However, we are observing some signs of renewed momentum, with organisations progressing with planned SAP upgrades-notably S/4HANA migrations-driven by digital transformation goals and the upcoming end-of-life for legacy systems. This activity is generating targeted demand for highly skilled SAP professionals, particularly in areas such as finance, supply chain, and cloud integration. The market remains competitive, with staffing firms, solutions providers, and MSPs all vying for client share. Nonetheless, clients continue to value speed, flexibility, and specialist expertise, which positions us well to capture growth in key segments as investment cycles resume.

ON BEHALF OF THE BOARD OF DIRECTORS:

J T Kelly - Director

15 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 Recruitment Consultancy.

DIVIDENDS

Interim dividends totalling £1940 per share were paid during the year. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31 December 2024 will be £ 194,000 .

DIRECTORS

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

J T Kelly

G Kelly

POLITICAL DONATIONS AND EXPENDITURE

The company made donations of £1,309 (2023 - £2,880) in the year to various charitable foundations, not of a political nature.

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, Nichols & Co ( Accountancy ) Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

J T Kelly - Director

15 September 2025

Opinion

We have audited the financial statements of Hanson Regan Limited (the 'company') for the year ended 31 December 2024 which comprise the Income Statement, Other 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 loss for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the 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.

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

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

- Enquiring of management of whether they are aware of any non-compliance with laws and regulations.

- Enquiring of management whether they have any knowledge of any actual, suspected or alleged fraud.

- Enquiring of management their internal controls established to mitigate risk related to fraud or non-compliance with laws and regulations.

- Discussions amongst engagement team on how and where fraud might occur in the financial statements and any potential indicators of fraud. As part of this discussion, we identified potential for fraud in posting of unusual journals.

- Obtaining understanding of the legal and regulatory framework the company operates in focusing on those laws and regulations that had a direct effect on the financial statements or had a fundamental effect on the operations. The key laws and regulations we considered in this context included UK Companies Act, tax legislation and employment law.

To address the risk of fraud through management bias and override of controls we:

- Performed analytical procedures to identify any unusual or unexpected relationships.

- Audited the risk of management override of controls, including through testing journals entries for appropriateness.

In response to the risk of irregularities and non compliance with laws and regulations, we designed procedures which included, but are not limited to:

- Agreeing financial statements disclosures to underlying supporting documentation.

- Enquiring of management as to actual and potential litigation claims.

The test nature and other inherent limitations of an audit, together with the inherent limitations of any accounting and

internal control system, mean that there is an unavoidable risk that even some material misstatements in respect of

irregularities may remain undiscovered even though the audit is properly planned and performed in accordance with ISAs (UK). Furthermore, the more removed that laws and regulations are from financial transactions, the less likely that we would become aware of non-compliance. Our examination should therefore not be relied upon to disclose all such material misstatements or frauds, errors or instances of non-compliance that might exist. The responsibility for safeguarding the assets of the company and for the prevention and detection of fraud, error and non-compliance with law or regulations rests with the directors.

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.

Steven Nichols FCA CTA (Senior Statutory Auditor)

for and on behalf of Nichols & Co ( Accountancy ) Limited

Chartered Accountants

and Statutory Auditors

Unit 7

Mulberry Place

Pinnell Road

Eltham

London

SE9 6AR

16 September 2025

TURNOVER

3

14,388,358

22,985,129

Cost of sales

(12,638,489

)

(20,572,906

)

GROSS PROFIT

1,749,869

2,412,223

Administrative expenses

(1,874,121

)

(2,353,107

)

(124,252

)

59,116

Other operating income

-

3,000

OPERATING (LOSS)/PROFIT

5

(124,252

)

62,116

Interest receivable and similar income

52,018

13,700

(LOSS)/PROFIT BEFORE TAXATION

(72,234

)

75,816

Tax on (loss)/profit

6

14,113

(62,031

)

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(58,121

)

13,785

(LOSS)/PROFIT FOR THE YEAR

(58,121

)

13,785

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(58,121

)

13,785

FIXED ASSETS

Tangible assets

8

276,965

335,436

Investment property

9

22,777

22,777

299,742

358,213

CURRENT ASSETS

Debtors

10

2,371,165

3,116,419

Cash at bank and in hand

1,503,408

1,958,827

3,874,573

5,075,246

CREDITORS

Amounts falling due within one year

11

(2,227,795

)

(3,223,764

)

NET CURRENT ASSETS

1,646,778

1,851,482

TOTAL ASSETS LESS CURRENT LIABILITIES

1,946,520

2,209,695

PROVISIONS FOR LIABILITIES

14

(59,309

)

(70,363

)

NET ASSETS

1,887,211

2,139,332

CAPITAL AND RESERVES

Called up share capital

15

100

100

Retained earnings

16

1,887,111

2,139,232

SHAREHOLDERS' FUNDS

1,887,211

2,139,332

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

J T Kelly - Director

G Kelly - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2023

100

2,319,447

2,319,547

Changes in equity

Dividends

-

(194,000

)

(194,000

)

Total comprehensive income

-

13,785

13,785

Balance at 31 December 2023

100

2,139,232

2,139,332

Changes in equity

Dividends

-

(194,000

)

(194,000

)

Total comprehensive income

-

(58,121

)

(58,121

)

Balance at 31 December 2024

100

1,887,111

1,887,211

Cash flows from operating activities

Cash generated from operations

1

(202,078

)

387,425

Tax paid

(22,721

)

(105,219

)

Net cash from operating activities

(224,799

)

282,206

Cash flows from investing activities

Purchase of tangible fixed assets

(999

)

(28,247

)

Interest received

52,018

13,700

Net cash from investing activities

51,019

(14,547

)

Cash flows from financing activities

Amount withdrawn by directors

14,062

22,123

Equity dividends paid

(194,000

)

(194,000

)

Net cash from financing activities

(179,938

)

(171,877

)

(Decrease)/increase in cash and cash equivalents

(353,718

)

95,782

Cash and cash equivalents at beginning of year

2

1,516,002

1,420,220

Cash and cash equivalents at end of year

2

1,162,284

1,516,002

1.	RECONCILIATION OF (LOSS)/PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

31.12.24

31.12.23

£

£

(Loss)/profit before taxation

(72,234

)

75,816

Depreciation charges

59,470

58,640

Finance income

(52,018

)

(13,700

)

(64,782

)

120,756

Decrease in trade and other debtors

748,313

2,323,830

Decrease in trade and other creditors

(885,609

)

(2,057,161

)

Cash generated from operations

(202,078

)

387,425

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

1,503,408

1,958,827

Bank overdrafts

(341,124

)

(442,825

)

1,162,284

1,516,002

Year ended 31 December 2023

31.12.23

1.1.23

£

£

Cash and cash equivalents

1,958,827

2,212,803

Bank overdrafts

(442,825

)

(792,583

)

1,516,002

1,420,220

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

1,958,827

(455,419

)

1,503,408

Bank overdrafts

(442,825

)

101,701

(341,124

)

1,516,002

(353,718

)

1,162,284

Total

1,516,002

(353,718

)

1,162,284

1.	STATUTORY INFORMATION

Hanson Regan 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 UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

TURNOVER

Turnover represents net invoiced services excluding value added tax.

TANGIBLE FIXED ASSETS

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

Improvements to property

-

Straight line basis over useful lives

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

INVESTMENT PROPERTY

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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:

31.12.24

31.12.23

£

£

United Kingdom

237,693

-

Europe

14,150,665

22,985,129

14,388,358

22,985,129

4.	EMPLOYEES AND DIRECTORS

31.12.24

31.12.23

£

£

Wages and salaries

995,419

1,489,161

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

31.12.24

31.12.23

Directors

2

2

Sales

8

14

Back Office

8

11

18

27

31.12.24

31.12.23

£

£

Directors' remuneration

21,970

21,790

5.	OPERATING (LOSS)/PROFIT

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

31.12.24

31.12.23

£

£

Depreciation - owned assets

59,470

58,640

Auditors remuneration

11,000

10,500

Foreign exchange differences

40,327

9,002

6.

TAXATION

Analysis of the tax (credit)/charge

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

31.12.24

31.12.23

£

£

Current tax:

UK corporation tax

(3,059

)

22,721

Deferred tax

(11,054

)

39,310

Tax on (loss)/profit

(14,113

)

62,031

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:

31.12.24

31.12.23

£

£

(Loss)/profit before tax

(72,234

)

75,816

(Loss)/profit multiplied by the standard rate of corporation tax in the UK of 0% (2023 - 21.931%)

-

16,627

Effects of:

Expenses not deductible for tax purposes

-

250

Depreciation in excess of capital allowances

-

5,844

Deferred Tax

(11,054

)

39,310

Corporation tax refund

(3,059

)

-

Total tax (credit)/charge

(14,113

)

62,031

7.

DIVIDENDS

31.12.24

31.12.23

£

£

Interim

194,000

194,000

8.	TANGIBLE FIXED ASSETS

Fixtures

Improvements

and

Computer

to property

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

268,541

164,301

232,179

665,021

Additions

-

-

999

999

At 31 December 2024

268,541

164,301

233,178

666,020

DEPRECIATION

At 1 January 2024

81,298

63,282

185,005

329,585

Charge for year

25,103

17,170

17,197

59,470

At 31 December 2024

106,401

80,452

202,202

389,055

NET BOOK VALUE

At 31 December 2024

162,140

83,849

30,976

276,965

At 31 December 2023

187,243

101,019

47,174

335,436

9.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

22,777

NET BOOK VALUE

At 31 December 2024

22,777

At 31 December 2023

22,777

Fair value at 31 December 2024 is represented by:

£

Valuation in 2015

22,777

If the Investment Property had not been revalued it would have been included at the following historical cost:

31.12.24

31.12.23

£

£

Cost

22,777

22,777

The Investment Property was valued on an open market basis on 31 December 2024 by the Directors .

10.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

2,098,758

2,542,813

Other debtors

81,734

361,698

Corporation Tax Receivable

3,059

-

VAT

26,772

52,551

Prepayments and accrued income

160,842

159,357

2,371,165

3,116,419

Included within other debtors is an investment in Kate Matthews Solutions Ltd of £4,000 (2023 - £4,000). This represents 20% of the issued ordinary share capital of Kate Matthews Solutions Ltd.

Also included within other debtors is an investment in Trifol Resources Limited, a Irish company, of £17,027 (2023 - £Nil). This represents a shareholding of 10,000 ordinary share capital of Trifol Resources Limited.

11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts (see note 12)

341,124

442,825

Trade creditors

1,001,902

1,698,088

Corporation tax

-

22,721

Social security and other taxes

19,022

47,477

Other creditors

1,252

1,678

Credit card

9,782

(824

)

Directors' current accounts

146,199

132,137

Accrued expenses

708,514

879,662

2,227,795

3,223,764