REGISTERED NUMBER: 02464054 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

AIDAPT BATHROOMS LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Statement of Comprehensive Income

6

Balance Sheet

7

Statement of Changes in Equity

8

Notes to the Financial Statements

9

DIRECTORS:

Mr M Benyon

Mr R J J Fox

Mrs C J Hanwright

Miss R L Wilson

SECRETARY:

Mr M Benyon

REGISTERED OFFICE:

Lancots Lane

Sutton Oak

St Helens

Merseyside

WA9 3EX

REGISTERED NUMBER:

02464054 (England and Wales)

AUDITORS:

Livesey Spottiswood Ltd

Chartered Accountants and

Statutory Auditors

17 George Street

St Helens

Merseyside

WA10 1DB

BANKERS:

Lloyds TSB Plc

23A Hardshaw Street

St Helens

Merseyside

WA10 1RT

SOLICITORS:

Barrow & Cook

5-7 Victoria Square

St Helens

Merseyside

WA10 1HH

The principal activity of the Company is the sale and distribution of aids to daily living in the UK, Europe, Australia, New Zealand and RSA. These goods are sourced from the UK, China, Taiwan or India or are manufactured in our group owned factory in Wales. Our customers comprise of Health Authorities, Hospitals, Community Equipment Stores, Mobility Shops both online and traditional retailers.

REVIEW OF BUSINESS

We operate from 3 large group owned distribution centres in St Helens, Cardiff and Rochester. We have a large fleet of delivery vehicles including small vans and HGVs and we also use third party carriers.

Turnover in the year was £16,397,968, which is a 7% reduction on the previous year. The reduction in turnover was due to increased competition in the marketplace.

Gross profit has increased by £80,395 and gross margin is at 31% compared to 29% for the previous year. The increase in margin is almost entirely due to a reduction in shipping costs.

Overheads for the year have increased by £237,565. This is largely down to an increase in wages and electricity costs.

Profit before tax has decreased from £2,593,185 to £2,436,015 for the year and is 15% of turnover for both years.

These are considered excellent figures by the Directors and return on capital employed is excellent.

PRINCIPAL RISKS AND UNCERTAINTIES

There are many risks going forward. Our supply chain is very long as we mainly import from China and as such we hold large stocks in the UK which is facilitated by our large warehouses. We have increased the value of our stocks slightly in the year.

Other risks are taxation rates, exchange rate movements (we do not hedge), compliance and insurance, cost increases to fuel and business rates. Of major significance due to the type of products we sell (bulky and low value) are container freight rates which can substantially increase the cost of our products. These rates have reduced in 2023 and due to this we are now seeing an increase in gross profit margins going forward.

ON BEHALF OF THE BOARD:

Mr M Benyon - Director

23 September 2025

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

DIVIDENDS

The total distribution of dividends for the year ended 31 December 2024 will be £ 1,800,000 .

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 M Benyon

Mr R J J Fox

Mrs C J Hanwright

Miss R L Wilson

QUALIFYING THIRD PARTY INDEMNITY PROVISION

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 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 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 company's auditors are aware of that information.

ON BEHALF OF THE BOARD:

Mr M Benyon - Director

23 September 2025

Opinion

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

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;

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

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

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, 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.

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.

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.

Mr 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

23 September 2025

TURNOVER

3

16,397,968

17,548,900

Cost of sales

(11,245,249

)

(12,476,576

)

GROSS PROFIT

5,152,719

5,072,324

Distribution costs

(158,270

)

(166,973

)

Administrative expenses

(2,545,360

)

(2,304,442

)

OPERATING PROFIT

5

2,449,089

2,600,909

Interest payable and similar expenses

6

(13,074

)

(7,724

)

PROFIT BEFORE TAXATION

2,436,015

2,593,185

Tax on profit

7

(614,047

)

(610,912

)

PROFIT FOR THE FINANCIAL YEAR

1,821,968

1,982,273

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,821,968

1,982,273

FIXED ASSETS

Intangible assets

9

-

-

Tangible assets

10

187,544

174,042

187,544

174,042

CURRENT ASSETS

Stocks

11

7,904,465

7,278,568

Debtors

12

6,159,185

7,034,297

Cash at bank and in hand

28,816

119,503

14,092,466

14,432,368

CREDITORS

Amounts falling due within one year

13

(9,494,235

)

(9,850,503

)

NET CURRENT ASSETS

4,598,231

4,581,865

TOTAL ASSETS LESS CURRENT LIABILITIES

4,785,775

4,755,907

PROVISIONS FOR LIABILITIES

16

(39,550

)

(31,650

)

NET ASSETS

4,746,225

4,724,257

CAPITAL AND RESERVES

Called up share capital

17

200

200

Retained earnings

18

4,746,025

4,724,057

SHAREHOLDERS' FUNDS

4,746,225

4,724,257

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

Mr M Benyon - Director

Mr R J J Fox - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2023

200

4,641,784

4,641,984

Changes in equity

Dividends

-

(1,900,000

)

(1,900,000

)

Total comprehensive income

-

1,982,273

1,982,273

Balance at 31 December 2023

200

4,724,057

4,724,257

Changes in equity

Dividends

-

(1,800,000

)

(1,800,000

)

Total comprehensive income

-

1,821,968

1,821,968

Balance at 31 December 2024

200

4,746,025

4,746,225

1.	STATUTORY INFORMATION

Aidapt Bathrooms Limited is a private company limited by shares, incorporated in England & Wales. The address of the registered office is given in the company information on page 1 of these financial statements The nature of the company's operations and principal activities are as detailed in the strategic report on page 2.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the company.

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

Related party exemption

The company has taken advantage, 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.

Financial Reporting Standard 102 - reduced disclosure exemptions

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

•

the requirements of Section 7 Statement of Cash Flows.

Significant judgements and key sources of estimation uncertainty

The company makes estimates and assumptions concerning the future. The resulting accounting estimate will, by definition, seldom equal the actual results. The estimates and assumptions that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year is in respect of the provision against stock.

The company sell items which can become obsolete. As a result it is necessary to consider the recoverability of the cost of stock and the associated provision required. When calculating the stock provision, management considers the nature and condition of the stock, as well as applying assumptions around anticipated saleability of finished goods and future usage of raw materials.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Goodwill

Goodwill, being the amount paid in connection with the aquisition of a business in 2016, was amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Assets are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit and loss unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all direct production costs, costs of conversion and other costs incurred in bringing stock to it's present location and condition. Cost is calculated using the average cost formula. Provision is made for damaged, obsolete and slow moving stock where appropriate.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Related parties

For the purposes of these financial statements, a party is considered to be related to the company if:

1. the party has the ability, directly or indirectly, through one or more intermediaries, to control the company or exercise significant influence over the company in making financial and operating decisions, or has joint control over the company;

2. the company and the party are subject to common control;

3. the party is an associate of the company or a joint venture in which the company is a venturer;

4. the party is a member of key management personnel of the company or the company's parent, or close family member of such an individual, or is an entity under the control, joint control or significant influence of such individuals;

5. the party is a close family member of a party referred to in (1) or is an entity under the control, joint control or significant influence of such individuals; or

6. the party is a post-employment benefit plan which is for the benefit of employees of the company or of any entity that is a related party of the company.

Close family members of an individual are those family members who may be expected to influence, or be influenced by, that individual in their dealings with the entity.

Foreign currencies

Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.

Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

Employee benefits

When employees have rendered services to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Leased assets

Rentals payable under operating leases are charged against profits on a straight line basis over the periods of the leases. Assets acquired under finance leases and hire purchase contracts are capitalised as tangible fixed assets and depreciated in accordance with the accounting policy on depreciation. The related obligations, net of finance costs allocated to future periods, are included in creditors. Finance costs are charged against profits on a straight line basis over the periods of the contracts.

3.

TURNOVER

The percentage of turnover exported was 3% (2023 - 4%).

4.	EMPLOYEES AND DIRECTORS

2024

2023

£

£

Wages and salaries

1,984,368

1,799,430

Social security costs

161,434

141,695

Other pension costs

38,061

33,120

2,183,863

1,974,245

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

2024

2023

Administration

14

14

Manufacturing and distribution

70

67

84

81

2024

2023

£

£

Directors' remuneration

71,103

92,780

Directors' pension contributions to money purchase schemes

1,604

2,205

5.	OPERATING PROFIT

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

2024

2023

£

£

Depreciation - owned assets

67,214

71,951

Loss/(profit) on disposal of fixed assets

17,322

(2,007

)

Auditors' remuneration

9,914

9,450

Other operating leases

210,000

210,000

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2024

2023

£

£

Bank interest

301

90

Corporation tax interest

12,773

7,634

13,074

7,724

7.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2024

2023

£

£

Current tax:

UK corporation tax

606,147

603,241

Prior periods

-

(79

)

Total current tax

606,147

603,162

Deferred tax

7,900

7,750

Tax on profit

614,047

610,912

Reconciliation of total tax charge included in profit and loss

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

2024

2023

£

£

Profit before tax

2,436,015

2,593,185

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2023 - 25%)

609,004

648,296

Effects of:

Expenses not deductible for tax purposes

729

1,462

Capital allowances in excess of depreciation

(3,586

)

(8,573

)

Adjustments to tax charge in respect of previous periods

-

(79

)

Changes in tax rates

-

(37,944

)

Deferred tax

7,900

7,750

Total tax charge

614,047

610,912

8.

DIVIDENDS

2024

2023

£

£

Dividends paid

1,800,000

1,900,000

9.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

117,791

AMORTISATION

At 1 January 2024

and 31 December 2024

117,791

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

10.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

397,370

51,725

290,438

58,063

797,596

Additions

15,113

-

92,791

1,857

109,761

Disposals

(2,500

)

-

(82,742

)

-

(85,242

)

At 31 December 2024

409,983

51,725

300,487

59,920

822,115

DEPRECIATION

At 1 January 2024

331,674

51,725

186,669

53,486

623,554

Charge for year

22,274

-

43,240

1,700

67,214

Eliminated on disposal

(1,907

)

-

(54,290

)

-

(56,197

)

At 31 December 2024

352,041

51,725

175,619

55,186

634,571

NET BOOK VALUE

At 31 December 2024

57,942

-

124,868

4,734

187,544

At 31 December 2023

65,696

-

103,769

4,577

174,042

11.

STOCKS

2024

2023

£

£

Finished goods

7,184,836

6,647,379

Raw materials

719,629

631,189

7,904,465

7,278,568

Stocks are stated after provisions for impairment of £727,614 (2023 - £700,255)

12.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

2,000,985

2,186,793

Amounts due from group companies

3,306,373

3,716,502

Other debtors

940

2,715

Prepayments and accrued income

850,887

1,128,287

6,159,185

7,034,297

13.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

265,555

396,670

Corporation tax

37,161

53,241

Social security and other taxes

547,815

629,744

Other creditors

18,654

13,677

Amounts due to group companies

8,308,065

8,520,284

Directors' current accounts

4,769

5,974

Accruals and deferred income

312,216

230,913

9,494,235

9,850,503

14.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

17,500

17,500

15.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Amounts due to group companies

8,308,065

8,520,284

There is a debenture in place with the parent company Holmpatrick Limited in the form of a fixed and floating charge over the assets of the company.

16.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

39,550

31,650

Deferred

tax

£

Balance at 1 January 2024

31,650

Movement in the year

7,900

Balance at 31 December 2024

39,550

17.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

200

Ordinary

£1

200

200

18.

RESERVES

Retained

earnings

£

At 1 January 2024

4,724,057

Profit for the year

1,821,968

Dividends

(1,800,000

)

At 31 December 2024

4,746,025

19.	PENSION COMMITMENTS

During the year the company made contributions to a defined contribution pension scheme. The amount paid during the year was £36,457 (2023 - £30,915).

20.	ULTIMATE PARENT COMPANY

The company's ultimate parent company is Holmpatrick Limited, a company incorporated in England and Wales. The registered office of Holmpatrick Limited is Lancots Lane, Sutton, St Helens, WA9 3EX.