REGISTERED NUMBER: 00176558 (England and Wales)

MICRONCLEAN LIMITED

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Group Strategic Report

2

to

5

Report of the Directors

6

to

8

Report of the Independent Auditors

9

to

11

Consolidated Income Statement

12

Consolidated Other Comprehensive Income

13

Consolidated Statement of Financial Position

14

Company Statement of Financial Position

15

Consolidated Statement of Changes in Equity

16

Company Statement of Changes in Equity

17

Consolidated Statement of Cash Flows

18

Notes to the Consolidated Statement of Cash Flows

19

Notes to the Consolidated Financial Statements

20

to

35

DIRECTORS:

P Cresswell

S J Fry

C M Fry

A J Kettle

R J Parker

M S Simpson

D T Parry

G Cochran

S Yates

S C Harris

SECRETARY:

M S Simpson

REGISTERED OFFICE:

Roman Bank

Skegness

Lincolnshire

PE25 1SQ

REGISTERED NUMBER:

00176558 (England and Wales)

AUDITORS:

Duncan & Toplis Audit Limited, Statutory Auditor

Enterprise Way

Pinchbeck

Spalding

Lincolnshire

PE11 3YR

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

REVIEW OF BUSINESS

We aim to present a balanced and comprehensive review of the development and performance of the group during the year and its position at the year-ended 31 December 2024. Our review is consistent with the size and nature of our group and is written in the context of risks and uncertainties we face.

During the period under review, the group delivered exceptional results, breaking records for turnover and profitability. This despite continued inflationary cost pressures and continued challenging sales dynamics in India. Our financial results for the year reflect strong underlying trading performance in our core segments, underpinned by disciplined cost control, targeted capital investment, and improvements in productivity across key operational sites. The groups gross profit improved by 17% to £14.2m.

Across the Group, our textile division achieved growth of 8% in 2024, reflecting sustained demand for textile products and services. During the year, the parent company entered into and completed the sale of the trade and assets associated with its industrial workwear division. This strategic decision followed a comprehensive review of the division's long-term growth potential. Despite positive customer feedback and steady organic growth, we faced increasing pricing pressures and limited opportunities for meaningful differentiation in the marketplace. The divestment was carefully planned to ensure a smooth transition for employees, customers, and suppliers. The transaction completed in the fourth quarter, with the associated revenue contribution ceasing from that point onwards. On a like-for-like basis, growth in our textile division was 10%.

Across our UK operational sites, margins improved during the year, supported by a strong performing cost containment initiative launched in the second half of 2023. This programme focused on enhancing operational efficiency and prioritising value-adding activities. In contrast, our textile division in India continued to face headwinds, with customer decision-making delays impacting the ability to secure new sales contracts. To support future growth in this market, additional resource has been allocated, including the appointment of a dedicated Sales Director for Micronclean India.

The Group's consumables sector delivered strong growth of 13% in 2024. This performance supported by the commissioning of our new state-of-the-art, semi-automated cleanroom manufacturing facility in Skegness, which has significantly enhanced our production throughput and operational resilience. In parallel, inventory levels of both resold products and raw materials improved as global supply chains stabilised into a new post-pandemic normal. This combination of improved production efficiency and more predictable inbound supply enabled us to meet customer demand more effectively and capitalise on commercial opportunities.

During the year the group was able to manage overhead growth, controlling this to 4.8% despite increases in resources required to complete key strategic objectives such as the parent company's sale of its industrial workwear division and implementation of its full feature ERP solution. The initiative referred to earlier profitability and efficiency results which helped drive an 79% increase in Operating Profit.

Net profit represents net sale proceeds of the industrial workwear division alongside insurance claim proceeds. See exceptional item on note 6 for further details.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors regularly review the financial position of the group throughout the year and assess the commercial and financial risks. They consider that there are no specific matters to be commented on other than as referred to in the business review above.

SECTION 172(1) STATEMENT

"Our passion is to be the first to develop new technological solutions that change the shape of the markets we serve."

Our purpose statement is the framework Micronclean has adopted to entering new markets and developing new products.

Our SKIE Values - Stewardship, Knowledge, Innovation, Excellence - reflect the long-term ethos of the company. They provide a compass for our strategic direction, inform day-to-day business decisions, and keep our customers firmly at the heart of everything we do.

Stewardship

Micronclean has been owned and managed by the Fry family since Cedric Fry acquired the original laundry in 1928, the business can trace its roots to the 1870's. Donovan Fry took over when his father Cedric died in 1968, and he in turn handed over the reins when he retired in 1993 to his son Simon Fry who is our current Chairman.

Ownership by one family for so long stamps an identity that separates the us from other businesses. For Micronclean, this is a long-term focus on sustainability to create world beating technology, systems, products and services. These are supported by the honesty and integrity of our people and backed by financial investment based on our long-term vision.

Knowledge

Knowledge is the foundation of Micronclean's ability to serve its customers with Excellence and Innovation. To support our strategic ambition, we improve our processes through sustainable investment into our technology and people, to transform and improve efficiency in everything we do. We work closely with our customers to find new opportunities and bring them successfully to market.

This strategic ambition is transforming Micronclean so it has retained its position as a market leading supplier of cleanroom garments, mops and laundry services but it has actively developed its position as a market leading provider and manufacturer of contamination control products and services.

Innovation

Micronclean's primary strategic choice is to position itself as the technological market leader and this defines the business.

As a result, Micronclean operate a discrete Product Development and Research Team that is focused on taking concepts and ideas and from these delivering innovative new products and solutions to serve our customers worldwide. Whilst the focus of R&D must be firmly on the bringing to market of new products and services, it is also heavily involved in the incremental improvement of existing products, services and internal systems that are necessary to maintain our position of market leadership. Sustainability is at the heart of innovation and our solutions are often focused and steered to achieve this ambition.

Excellence

Excellence is Micronclean's dedication to continually improve the quality, sustainability, and cost base of our products and services. At the core is our drive to lead the market technologically. This is shown by the invention, introduction, and refinement of our industry leading ideas. This includes sustainable production facilities that break new ground, control systems to ensure product conformance, software that produces unparalleled product traceability and environmental monitoring systems to ensure compliant product release.

It is all too easy, with a new successful product that is producing good margins and with little competitive pressure, to rest on one's laurels. However, cost controls are still vital as lowering costs allows Micronclean to simultaneously ensure its future survival but also pass on a lower price to customers.

Decisions during the Year

We continued in 2024 to procure Renewable Energy via a Renewable Energy Guarantees of Origin (REGO) electricity contract, at increased cost to the company. This scheme, operated by OFGEM ensures all our electricity is generated from 100% renewable sources such as wind, hydro and solar.

The business continued to offer staff a successful hybrid working policy following the successes of the mandated working from home rule set by HM Government during the COVID-19 pandemic.

The Board has continued to support the group's investment in Micronclean India to support its working capital requirements associated with onboarding new customers.

The Board continued to set annual strategic objectives to give focus to our strategy and management activities. The Board reviews progress of these objectives each month. The key objective during 2024 was the implementation of a modern Enterprise Resource Planning (ERP) software system replacing an existing Sage200 system which the company had outgrown.

The Board remained focused on the importance of long-term investment in the business. During the year, capital expenditure was approved for the replacement and upgrade of plant and machinery across our production sites. In parallel, we continued to develop strategic plans for the establishment of new facilities to support future growth.

Our People

To achieve our purpose and SKIE Values we need our employees to be fully engaged with our goals. We have a dedicated workforce who have long-term service. As we continue to grow, we are adding new employees and talent into our business. We have successful engagement, reward and training schemes that support our teams, including:

-

Market leading rates of pay at the real living wage value

-

Profit related pay for all employees

-

A well resource learning and development programme, including our FLITE leadership programme

-

Family Fun Days

-

Regular staff communication including The Spin and Company Days

-

Company wide initiatives including our Mental Health & Wellbeing Group, SKIEs Council and Women's Network

-

Summer Placements for 16-21-year-olds

-

Graduate 'Year in Industry' Placements

-

Company policies including industry leading Parental Policies.

Our Customers

Sustainable, innovative, quality products and services are at the heart of our culture. Our product management model means we have high-level strategy to deliver our products and services to customers.

Our preference is to engage in long term relationships with our customers. Where we have been able to build long term relationships, we have seen the greatest mutual benefit. We have one of the best Customer retention rates in the industry, this is due to a high level of customer engagement and service.

Our Suppliers

Our relationship with our suppliers is key to our impact on the environment and our communities. We work together closely with our suppliers to ensure high levels of business conduct and the provision of excellent products and services to our customers. We ensure we build strong, long-term relationships with our suppliers.

Our Community

We are committed to the long-term sustainability and protection of our local communities. Micronclean supports local charities and good causes through donations. We engage with community events through the SKIE Council who are also responsible for distributing the company's charitable donations.

Our Environment

Our Microngreen Environment & Sustainability Strategy is built on three pillars which means, we will:

- Work to protect our climate by reducing our carbon emissions.

- Work to adopt a circular economy for all our products and their packaging.

- Work with our people and communities to deliver an environment where we can all prosper and develop.

Achieving our overall aim will require significant time and investment. We have committed to initial targets that will see Micronclean reduce our waste by 5% year on year and by 2027 reduce our scope 1 and 2 carbon emissions by 50%.

Micronclean has a history of supporting environmental activity over three generations which includes being one of the laundries to be registered to what is now ISO14001. We were an early adopter of best practice for energy efficiency and continue to pursue improvements in energy efficiency and carbon reduction through our strategy and ISO50001.

Board Statement

As the Board at Micronclean Ltd, we have a legal responsibility under section 172 of the Companies Act 2006 to act in the way we consider, in good faith, would be most likely to promote the company's success for the benefit of its members as a whole, and to have regard to the long-term effect of our decisions on our company, people, communities and the planet. The Board is satisfied that the foregoing not only demonstrates how we are meeting that responsibility but that the S172 responsibilities including people and planet have been at the core of Board ethos long before they became a requirement.

ON BEHALF OF THE BOARD:

S J Fry - Director

15 September 2025

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

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of textile rental and laundry and the sale of cleanroom consumables.

DIVIDENDS

The total distribution of dividends for the year ended 31 December 2024 will be £600,000.

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS

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

P Cresswell

S J Fry

C M Fry

A J Kettle

R J Parker

M S Simpson

D T Parry

G Cochran

Other changes in directors holding office are as follows:

S Yates and S C Harris were appointed as directors after 31 December 2024 but prior to the date of this report.

EMPLOYMENT OF DISABLED PERSONS

The company is committed to the Government's initiatives for the employment of the disabled. This means the company will ensure that the disabled are considered for all vacancies except where a disability make it impossible for the job to be carried out or would put the disabled person or any other employee at risk. Should an employee become disabled during service, then continuation of employment would, whenever possible, be the company's objective. The career development, training and promotion of disabled persons is viewed identically to that of able-bodied employees. The company's policy on disability covers all disabilities, whether physical or mental.

ENGAGEMENT WITH EMPLOYEES

The involvement of employees in the group is seen as a priority and is encouraged and enacted throughout all companies and it's departments, wherever possible. The group introduced a profit related pay scheme during 2009 in recognition of employee contribution to the business. This bonus paid £433,090 to all staff in relation to 2024 results (2023: £324,597). The group will continue to operate the profit related pay scheme in 2025.

CARBON EMISSIONS STATEMENT

It is a stated Policy of Micronclean Limited to continually improve the companies environmental and energy performance to protect and reduce its impact on the environment. Carbon reducing measures form an integral part our Microngreen Environment and Sustainability Strategy. Microngreen has three pillars and Our Climate, is dedicated to the reduction of our carbon emissions. Micronclean is looking to continually improve both operational performance and reduce the release of carbon emissions to the atmosphere.

Micronclean's current medium-term plan is to work towards reducing our direct carbon emissions up to 50% by the end of 2027, with a short-term goal of 10% in 2024 (15% total since 2021). Micronclean aims to continually reduce carbon intensity in ongoing operations through efficiency projects, and where feasible, the introduction of renewable technology. Wider plans to improve performance improvements will occur when new facilities are built and powered on renewables and new, state of the art technology. Our fleet is a key deliverable in our Microngreen Strategy. We continue to investigate electric, hybrid and alternative, environmentally friendly, fuel options.

To help achieve our carbon footprint Micronclean will and in some cases have already:

-

Design new facilities with carbon neutral technologies as they become available.

-

Promote environmental awareness and responsibility amongst employees, partners, contractors, customers and suppliers and will seek where practicable, to continuously improve environmental performance.

-

Expect our partners and suppliers to have credible environmental policies.

-

Reduce travel where possible with flexible home working and robust video conferencing facilities.

-

Have a Company Car Policy to allow electric and hybrid options for business use.

-

Carry out an Energy Audits and implement corrective and preventative actions.

-

Set Energy targets and monitor and deliver energy efficiency initiatives throughout the year.

-

Employ dedicated resource to provide expertise and guidance on environmental matters.

-

Report our carbon reductions in our Carbon Reduction Plan on an annual basis.

-

Understand and create a plan to reduce our scope 3 emissions.

-

Evaluate the environmental impact of new products produced by Micronclean R&D.

Actions in 2024

-

Continued to procure Renewable Energy Guarantee of Origin (REGO) scheme energy contract which means 100% of our electricity is generated from renewable sources, such as wind, hydro and solar.

-

Monitored our energy dashboard to accurately measure energy usage.

-

Deliver energy efficiency projects on our sites through the use of Energy Reduction Boards.

2024 Performance

Micronclean's performance in 2024 showed similar performance alongside the launch of our Microngreen Environment and Sustainability Strategy. Energy consumption rose slightly in 2024 compared to 2023, due to increased processing at our production sites. Subsequently the intensity ratio also rose slightly in 2024. to be more efficient than in previous years due to the introduction of solar panels, REGO electricity contract and electric vehicles.

The figures have been updated in 2024 to include energy (gas, electricity, solar, and transport) and emissions for all three laundry sites, our Head Office and Manufacturing facilities.

2024

2023

Units

Energy consumption

12,743,415

11,986,938

kWh

Scope 1 emissions

2,269

2,034

tCO2e

Scope 2 emissions

-

-

tCO2e

Total gross scope 1 & 2 emissions

2,269

2,034

tCO2e

Intensity ratio

0.69

0.62

tCO2e / Tonnes of Production

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;

-	state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

-	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 or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, Duncan & Toplis Audit Limited, Statutory Auditor, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

S J Fry - Director

15 September 2025

Opinion

We have audited the financial statements of Micronclean Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Statement of Financial Position, Company Statement of Financial Position, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Statement of Cash Flows and Notes to the Consolidated Statement of Cash Flows, 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 seven, 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.

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

We have identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial experience, knowledge of the sector, a review of regulatory and legal correspondence and through discussions with Directors and other management obtained as part of the work required by auditing standards. We have also discussed with the Directors and other management the policies and procedures relating to compliance with laws and regulations. We communicated laws and regulations throughout the team and remained alert to any indications of non-compliance throughout the audit.

The potential impact of different laws and regulations varies considerably. Firstly, the company is subject to laws and regulations that directly impact the financial statements (for example financial reporting legislation) and we have assessed the extent of compliance with such laws as part of our financial statements audit. This included the identification and testing of unusual material journal entries and 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. The company is subject to other laws and regulations where the consequence for non-compliance could have a material effect on the amounts or disclosures in the financial statements. We identified the following areas as those most likely to have such an effect: Health and Safety regulations and Employment laws.

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Directors and other management and inspection. This inspection included a review of the external audits conducted within the year for any evidence of non-compliance, in addition to an assessment of the company's employment and health and safety controls. Through these procedures, if we became aware of any non-compliance, we considered the impact on the procedures performed on the related financial statement items. It was concluded that the ISO accreditations were also still in place and complied with.

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

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Alistair Main FCA (Senior Statutory Auditor)

for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor

Enterprise Way

Pinchbeck

Spalding

Lincolnshire

PE11 3YR

15 September 2025

TURNOVER

3

50,884,462

45,970,895

Cost of sales

36,680,187

33,842,588

GROSS PROFIT

14,204,275

12,128,307

Administrative expenses

10,731,935

10,239,515

3,472,340

1,888,792

Other operating income

188,817

162,049

OPERATING PROFIT

5

3,661,157

2,050,841

Exceptional Items

6

2,213,109

-

5,874,266

2,050,841

Interest receivable and similar income

5,409

-

5,879,675

2,050,841

Interest payable and similar expenses

7

133,945

178,977

PROFIT BEFORE TAXATION

5,745,730

1,871,864

Tax on profit

8

858,013

750,204

PROFIT FOR THE FINANCIAL YEAR

4,887,717

1,121,660

Profit attributable to:

Owners of the parent

4,895,841

1,121,660

Non-controlling interests

(8,124

)

-

4,887,717

1,121,660

PROFIT FOR THE YEAR

4,887,717

1,121,660

OTHER COMPREHENSIVE INCOME

Foreign exchange difference

(37,402

)

26,615

Income tax relating to other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

(37,402

)

26,615

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

4,850,315

1,148,275

Total comprehensive income attributable to:

Owners of the parent

4,858,439

1,148,275

Non-controlling interests

(8,124

)

-

4,850,315

1,148,275

FIXED ASSETS

Intangible assets

11

60,841

27,940

Tangible assets

12

12,786,217

13,135,387

Investments

13

Interest in associate

3,700

3,700

Other investments

300

300

12,851,058

13,167,327

CURRENT ASSETS

Stocks

14

10,212,119

11,159,501

Debtors

15

10,077,275

7,534,700

Cash at bank

2,238,999

-

22,528,393

18,694,201

CREDITORS

Amounts falling due within one year

16

7,274,204

7,325,997

NET CURRENT ASSETS

15,254,189

11,368,204

TOTAL ASSETS LESS CURRENT LIABILITIES

28,105,247

24,535,531

CREDITORS

Amounts falling due after more than one year

17

(305,762

)

(829,813

)

PROVISIONS FOR LIABILITIES

21

(942,918

)

(1,119,466

)

NET ASSETS

26,856,567

22,586,252

CAPITAL AND RESERVES

Called up share capital

22

1,200

1,200

Revaluation reserve

23

200,599

203,660

Retained earnings

23

26,642,892

22,381,392

SHAREHOLDERS' FUNDS

26,844,691

22,586,252

NON-CONTROLLING INTERESTS

24

11,876

-

TOTAL EQUITY

26,856,567

22,586,252

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:

S J Fry - Director

R J Parker - Director

FIXED ASSETS

Intangible assets

11

26,266

27,940

Tangible assets

12

8,488,689

8,616,953

Investments

13

4,537,971

4,357,971

13,052,926

13,002,864

CURRENT ASSETS

Stocks

14

8,665,150

9,843,126

Debtors

15

18,156,637

14,929,021

Cash at bank

1,564,198

-

28,385,985

24,772,147

CREDITORS

Amounts falling due within one year

16

5,947,158

7,643,773

NET CURRENT ASSETS

22,438,827

17,128,374

TOTAL ASSETS LESS CURRENT LIABILITIES

35,491,753

30,131,238

CREDITORS

Amounts falling due after more than one year

17

(300,104

)

(598,977

)

PROVISIONS FOR LIABILITIES

21

(703,859

)

(932,032

)

NET ASSETS

34,487,790

28,600,229

CAPITAL AND RESERVES

Called up share capital

22

1,200

1,200

Revaluation reserve

23

200,599

203,660

Retained earnings

23

34,285,991

28,395,369

SHAREHOLDERS' FUNDS

34,487,790

28,600,229

Company's profit for the financial year

6,487,561

2,764,261

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:

S J Fry - Director

R J Parker - Director

Called up

share

Retained

Revaluation

capital

earnings

reserve

£

£

£

Balance at 1 January 2023

1,200

21,530,056

206,721

Changes in equity

Dividends

-

(300,000

)

-

Total comprehensive income

-

1,148,275

-

Transfer

-

3,061

(3,061

)

Balance at 31 December 2023

1,200

22,381,392

203,660

Changes in equity

Dividends

-

(600,000

)

-

Total comprehensive income

-

4,858,439

-

Transfer

-

3,061

(3,061

)

1,200

26,642,892

200,599

Acquisition of non-controlling interest

-

-

-

Balance at 31 December 2024

1,200

26,642,892

200,599

Non-controlling

Total

Total

interests

equity

£

£

£

Balance at 1 January 2023

21,737,977

-

21,737,977

Changes in equity

Dividends

(300,000

)

-

(300,000

)

Total comprehensive income

1,148,275

-

1,148,275

Balance at 31 December 2023

22,586,252

-

22,586,252

Changes in equity

Dividends

(600,000

)

-

(600,000

)

Total comprehensive income

4,858,439

(8,124

)

4,850,315

26,844,691

(8,124

)

26,836,567

Acquisition of non-controlling interest

-

20,000

20,000

Balance at 31 December 2024

26,844,691

11,876

26,856,567