REGISTERED NUMBER: 06767291 (England and Wales)

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

DAVE COTTLE HOLDINGS LIMITED

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

5

Consolidated Statement of Comprehensive Income

7

Consolidated Balance Sheet

8

Company Balance Sheet

9

Consolidated Statement of Changes in Equity

10

Company Statement of Changes in Equity

11

Consolidated Cash Flow Statement

12

Notes to the Consolidated Cash Flow Statement

13

Notes to the Consolidated Financial Statements

14

DIRECTORS:

Mr A W Cottle

Mr P W Cottle

SECRETARY:

Mr P W Cottle

REGISTERED OFFICE:

Civils House

Davy Way

Llay Industrial Estate

Llay

Wrexham

LL12 0PG

REGISTERED NUMBER:

06767291 (England and Wales)

AUDITORS:

Livesey Spottiswood Ltd

Chartered Accountants and

Statutory Auditors

17 George Street

St Helens

Merseyside

WA10 1DB

As a civil engineering contractor focusing on delivering high quality groundworks across North Wales and the North West of England. The group's core operations span 3 primary sectors:-

Major House Builders - Delivering infrastructure and groundwork packages for national and regional developers.

Commercial Works - Supporting industrial developments with tailored engineering services and local authority frameworks.

Housing Development - Undertaking our own in-house housing developments as well as private sector housing schemes.

Our reputation for reliability, technical excellence and quality has positioned us as a partner for many national housebuilders.

REVIEW OF BUSINESS

The Directors are pleased with the group's results for the year ended 31 December 2024. While turnover has remained consistent with the previous year, the business has retained and continued to work on key contracts with a focus on the day-to-day business processes which has been complimented by strategic investment in new technology and targeted staff training driving improvements throughout the business.

The group remains dedicated to maintaining its established operational footprint, continuing to pursue long-term tendered groundworks contracts that align with its core capabilities. A strong focus is placed on securing high-quality projects, supported by rigorous commercial risk management processes to ensure stability, value, and dependable delivery across all contracts.

Despite a challenging macroeconomic backdrop, the group delivered a resilient performance during the financial year. Key highlights include:

Revenue Growth

Turnover increased by £445,192 (3.9%) on the previous year to £11,778,089, driven by expanded contracts with clients and a new house building development.

Profitability

Gross profit margin increased to £2,805,309 (23.8% of turnover) from £2,095,527 (18.5% of turnover) in the previous year reflecting the more disciplined cost control measures taken by the group in the year.

Operating profit increased by £454,197 (50.8%) on the previous year to £1,347,623 as a result of both the increase in turnover and improvement in gross profit margin.

Cash Flow

The directors are pleased to report significant positive cash flows from operations, which have increased to £1,389,942 in the year to 31 December 2024 from £269,492 in the previous year. This positive cash flow has enabled the group to fully repay one of the significant housing development loans with bank loans being reduced by £1,345,170 in the year to 31 December 2024.

The positive cash generation has also supported investment in technology, and workforce development.

PRINCIPAL RISKS AND UNCERTAINTIES

Any risks faced by the group are managed by a combination of Policy, Procedures and Internal Controls.

Management review and assess risks daily to ensure a rapid and controlled response to mitigate any risks. The principal risks to the business include:

Competitor Risk

The level of competition within the market has increased with many similar companies looking to increase market share and volume of turnover. Our management team balance the competitiveness of the tender price against other factors such as technical difficulties of jobs along with quality.

Tender Pricing Risk

The complexity of a tender can be high and if all tender assumptions are not analysed and considered there may be additional costs and losses.

Regulatory Changes Risk

Evolving environmental and planning regulations. Mitigation strategies are in place, including long-term supplier agreements, flexible resourcing models, and proactive client engagement.

Economic Risk

The group's trading is to some degree linked to the performance of the UK economy especially within the housing market. To mitigate against such risks, management ensure there are a diverse range of core operations such as the commercial works and local authority contracts to reduce exposure. Any housing developments undertaken are phased according to the sales and market tolerance therefore mitigating the impact of a downturn in the housing market. As a group we also ensure there is a mix of open market housing and social housing.

ON BEHALF OF THE BOARD:

Mr A W Cottle - Director

19 September 2025

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

DIVIDENDS

The total distribution of dividends for the year ended 31 December 2024 will be £300,000.

DIRECTORS

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

Mr A W Cottle

Mr P W Cottle

QUALIFYING THIRD PARTY INDEMNITY PROVISIONS

A qualifying third party indemnity provision as defined in section 234 of the Companies Act 2006, applicable to all of the company's directors was in place during the financial year and continues to be in force as at the date these financial statements were approved.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group 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 group'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 group's auditors are aware of that information.

ON BEHALF OF THE BOARD:

Mr A W Cottle - Director

19 September 2025

Opinion

We have audited the financial statements of Dave Cottle Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2024 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated 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 group's and of the parent company affairs as at 31 December 2024 and of the group's 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 group 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 group's and the parent 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 Group 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 Group 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 Group 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 group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company 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 group's and the parent 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 group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are planned and performed to detect irregularities, including fraud is detailed below. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management.

Our approach was as follows:

- Discussions with management and those involved in the financial reporting process including consideration of known or suspected instances of non-compliance with laws and regulations central to the company's ability to operate, and fraud;

- Evaluation and testing of the operating effectiveness of management's controls designed to prevent and detect irregularities;

- Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations or of significant monetary amount; and

-Review of the rationale for the calculation of key accounting estimates in the financial statements and testing of the accuracy of these calculations.

There are inherent limitations in the audit procedures described above. 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. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

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.

Other matters which we are required to address

In the previous accounting period the directors of the company took advantage of audit exemption under s477 of the Companies Act 2006. Therefore the prior period financial statements were not subject to audit.

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.

Andrew McMinnis FCA FCCA (Senior Statutory Auditor)

for and on behalf of Livesey Spottiswood Ltd

Chartered Accountants and

Statutory Auditors

17 George Street

St Helens

Merseyside

WA10 1DB

19 September 2025

TURNOVER

3

11,778,089

11,332,897

Cost of sales

(8,972,780

)

(9,237,370

)

GROSS PROFIT

2,805,309

2,095,527

Administrative expenses

(1,457,686

)

(1,202,101

)

OPERATING PROFIT

5

1,347,623

893,426

Interest receivable and similar income

10,777

3,004

1,358,400

896,430

Interest payable and similar expenses

6

(53,602

)

(39,075

)

PROFIT BEFORE TAXATION

1,304,798

857,355

Tax on profit

7

(335,055

)

(210,348

)

PROFIT FOR THE FINANCIAL YEAR

969,743

647,007

FIXED ASSETS

Intangible assets

10

-

-

Tangible assets

11

1,514,572

1,404,119

Investments

12

-

-

1,514,572

1,404,119

CURRENT ASSETS

Stocks

13

2,941,625

2,476,624

Debtors

14

1,716,057

1,300,788

Cash at bank and in hand

865,435

1,349,430

5,523,117

5,126,842

CREDITORS

Amounts falling due within one year

15

(3,343,322

)

(1,743,722

)

NET CURRENT ASSETS

2,179,795

3,383,120

TOTAL ASSETS LESS CURRENT LIABILITIES

3,694,367

4,787,239

CREDITORS

Amounts falling due after more than one year

16

(247,875

)

(2,023,090

)

PROVISIONS FOR LIABILITIES

20

(361,650

)

(349,050

)

NET ASSETS

3,084,842

2,415,099

CAPITAL AND RESERVES

Called up share capital

21

300

300

Share premium

22

599,700

599,700

Retained earnings

22

2,484,842

1,815,099

SHAREHOLDERS' FUNDS

3,084,842

2,415,099

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

Mr P W Cottle - Director

FIXED ASSETS

Intangible assets

10

-

-

Tangible assets

11

1,484,317

1,365,167

Investments

12

600,100

600,100

2,084,417

1,965,267

CURRENT ASSETS

Debtors

14

852,690

241,958

Cash at bank

17,275

185,360

869,965

427,318

CREDITORS

Amounts falling due within one year

15

(624,031

)

(522,131

)

NET CURRENT ASSETS/(LIABILITIES)

245,934

(94,813

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,330,351

1,870,454

CREDITORS

Amounts falling due after more than one year

16

(238,166

)

(178,008

)

PROVISIONS FOR LIABILITIES

20

(355,650

)

(341,300

)

NET ASSETS

1,736,535

1,351,146

CAPITAL AND RESERVES

Called up share capital

21

300

300

Share premium

22

599,700

599,700

Retained earnings

22

1,136,535

751,146

SHAREHOLDERS' FUNDS

1,736,535

1,351,146

Company's profit for the financial year

685,389

579,552

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

Mr P W Cottle - Director

Called up

share

Retained

Share

Total

capital

earnings

premium

equity

£

£

£

£

Balance at 1 January 2023

300

1,468,092

599,700

2,068,092

Changes in equity

Dividends

-

(300,000

)

-

(300,000

)

Total comprehensive income

-

647,007

-

647,007

Balance at 31 December 2023

300

1,815,099

599,700

2,415,099

Changes in equity

Dividends

-

(300,000

)

-

(300,000

)

Total comprehensive income

-

969,743

-

969,743

Balance at 31 December 2024

300

2,484,842

599,700

3,084,842

Called up

share

Retained

Share

Total

capital

earnings

premium

equity

£

£

£

£

Balance at 1 January 2023

300

471,594

599,700

1,071,594

Changes in equity

Dividends

-

(300,000

)

-

(300,000

)

Total comprehensive income

-

579,552

-

579,552

Balance at 31 December 2023

300

751,146

599,700

1,351,146

Changes in equity

Dividends

-

(300,000

)

-

(300,000

)

Total comprehensive income

-

685,389

-

685,389

Balance at 31 December 2024

300

1,136,535

599,700

1,736,535

Cash flows from operating activities

Cash generated from operations

1

1,389,942

269,492

Interest paid

(21,972

)

(14,094

)

Interest element of hire purchase payments paid

(31,630

)

(24,981

)

Tax paid

(152,101

)

(323,048

)

Net cash from operating activities

1,184,239

(92,631

)

Cash flows from investing activities

Purchase of tangible fixed assets

(306,013

)

(464,959

)

Sale of tangible fixed assets

377,470

106,365

Sale of fixed asset investments

-

100

Interest received

10,777

3,004

Net cash from investing activities

82,234

(355,490

)

Cash flows from financing activities

New loans in year

576,645

1,313,171

Loan repayments in year

(1,921,815

)

(20,251

)

Capital repayments in year

(337,884

)

(369,096

)

Amount introduced by directors

580,000

300,000

Amount withdrawn by directors

(347,414

)

(310,844

)

Equity dividends paid

(300,000

)

(300,000

)

Net cash from financing activities

(1,750,468

)

612,980

(Decrease)/increase in cash and cash equivalents

(483,995

)

164,859

Cash and cash equivalents at beginning of year

2

1,349,430

1,184,571

Cash and cash equivalents at end of year

2

865,435

1,349,430

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

2024

2023

£

£

Profit before taxation

1,304,798

857,355

Depreciation charges

406,330

414,501

Profit on disposal of fixed assets

(92,310

)

(38,156

)

Finance costs

53,602

39,075

Finance income

(10,777

)

(3,004

)

1,661,643

1,269,771

Increase in stocks

(465,001

)

(1,085,682

)

Increase in trade and other debtors

(408,193

)

(421,391

)

Increase in trade and other creditors

601,493

506,794

Cash generated from operations

1,389,942

269,492

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

865,435

1,349,430

Year ended 31 December 2023

31/12/23

1/1/23

£

£

Cash and cash equivalents

1,349,430

1,184,571

3.	ANALYSIS OF CHANGES IN NET DEBT

Other

non-cash

At 1/1/24

Cash flow

changes

At 31/12/24

£

£

£

£

Net cash

Cash at bank

and in hand

1,349,430

(483,995

)

865,435

1,349,430

(483,995

)

865,435

Debt

Finance leases

(361,417

)

337,884

(495,930

)

(519,463

)

Debts falling due

within 1 year

(20,000

)

(500,400

)

-

(520,400

)

Debts falling due

after 1 year

(1,864,988

)

1,845,570

-

(19,418

)

(2,246,405

)

1,683,054

(495,930

)

(1,059,281

)

Total

(896,975

)

1,199,059

(495,930

)

(193,846

)

1.	STATUTORY INFORMATION

Dave Cottle Holdings 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 General 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 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.

Basis of consolidation

The consolidated financial statements incorporate the financial statements of the company and entities controlled by the group (its subsidiaries). Control is achieved where the group has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.

The results of any subsidiaries acquired or disposed of during the year are included in total comprehensive income from the effective date of acquisition and up to the effective date of disposal, as appropriate using accounting policies consistent with those of the parent. All intra-group transactions, balances, income and expenses are eliminated in full on consolidation.

Investments in subsidiaries are accounted for at cost less impairment in the individual financial statements. On consolidation, any excess of the cost of the acquisition over the group's interest in the net fair value of the identifiable assets and liabilities is recognised as goodwill.

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.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Significant judgements and estimates

In the application of the company's accounting policies as set out below, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Management consider that the following have the most significant effect on the amounts recognised in the financial statements:

Financial outcome of individual contracts

All long term contracts are reviewed on a monthly basis, with particular attention to contract stage of completion, costs to date and costs still to be incurred. Movement in margin is recognised when prudent to do so but immediately in the event there is a foreseeable loss.

Carrying value of stock and work in progress and cost of sales recognition

The company carries stock and work in progress at the lower of cost and selling price less costs to complete and sell. Cost of sales in respect of residential property development is recognised at a site standard cost and any one-off costs are expensed to cost of sales as incurred. The standard cost is based on detailed budgets for the site with the allocation of budgeted costs to individual units. Due to the nature of property development, the standard cost is affected by a variety of uncertainties including material and labour price fluctuations, delays and unforeseen build issues. The level of judgement required is increased during periods of volatility.

Useful economic lives of tangible fixed assets

The annual depreciation charge for tangible fixed assets is sensitive to changes in the estimated useful economic lives of the assets. These are amended when necessary to reflect current estimates based on technological advancement, future investment, economic utilisation and the physical condition of the assets. See note 11 for the carrying amount of the tangible fixed assets and the accounting policies for the depreciation rates for each class of assets.

Turnover

Turnover is wholly in respect of construction contracts and is measured at the fair value of the consideration received or receivable net of VAT and discounts.

Where the outcome of a civil engineering contract can be estimated reliably, turnover is recognised on the work carried out in the period. Amounts recoverable on these contracts are included within trade debtors. Payments on account in respect of contracts are included within creditors. When it is probable that the contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

Turnover is recognised in respect of the sale of residential housing net of cash incentives. This is recognised on the transfer of control to the customer on legal completion. Property reservation fees are reflected within creditors until legal completion.

Intangible assets

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

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.

Improvements to property

-

5% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance and 15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years