REGISTERED NUMBER: 09662120 (England and Wales)

Report of the Directors and

Financial Statements

for the Year Ended 31 March 2025

for

Swindon Chapel Farm Solar Plc

Page

Company Information

1

Report of the Directors

2

Report of the Independent Auditors

3

Statement of Profit or Loss

6

Statement of Profit or Loss and Other Comprehensive Income

7

Statement of Financial Position

8

Statement of Changes in Equity

9

Statement of Cash Flows

10

Notes to the Statement of Cash Flows

11

Notes to the Financial Statements

12

DIRECTORS:

R P R Richards

P A Smith

SECRETARY:

I M Burbidge

REGISTERED OFFICE:

Civic Offices

Euclid Street

Swindon

SN1 2JH

REGISTERED NUMBER:

09662120 (England and Wales)

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the provision of electricity via photovoltaic solar array.

DIVIDENDS

No dividends will be distributed for the year ended 31 March 2025.

DIRECTORS

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

R P R Richards

P A Smith

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing 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 UK-adopted international accounting standards. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Sumer Auditco Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

R P R Richards - Director

23 September 2025

Opinion

We have audited the financial statements of Swindon Chapel Farm Solar Plc (the 'company') for the year ended 31 March 2025 which comprise the Statement of Profit or Loss, the Statement of Profit or Loss and Other Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and Notes to the 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 International Financial Reporting Standards (IFRSs) as adopted by the UK.

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with IFRSs as adopted by the UK; 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 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 Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Directors has 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 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 two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

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

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

Based on our understanding of the Company and industry, we identified that the principal risks of non-compliance with laws and regulations related to employment law and company legislation and we considered the extent to which non-compliance might have a material effect on the financial statements of the Company. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and Corporation Tax Act 2010. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries to increase revenue or reduce expenditure, and management bias in accounting estimates and judgemental areas of the financial statements. Audit procedures performed by the audit engagement team included:

- Discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulations and fraud;

- Understanding of management's internal controls designed to prevent and detect irregularities, and fraud;

- Reviewing the Company's legal costs to check for non-compliance with laws and regulations and fraud;

- Review of tax compliance

- Designing audit procedures to incorporate unpredictability around the nature, timing or extent of our testing of expenses;

- Testing transactions entered into outside of the normal course of the Company's business; and

- Identifying and testing journal entries, in particular any journal entries with fraud characteristics such as journals with round numbers.

There are inherent limitations in the audit procedures described above and 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.

David Iain Black (Senior Statutory Auditor)

for and on behalf of Sumer Auditco Limited

Statutory Auditors

Hermes House

Fire Fly Avenue

Swindon

Wiltshire

SN2 2GA

24 September 2025

CONTINUING OPERATIONS

Revenue

679,618

554,578

Cost of sales

(152,387

)

(146,229

)

GROSS PROFIT

527,231

408,349

Administrative expenses

(259,383

)

(258,665

)

OPERATING PROFIT

267,848

149,684

Finance costs

4

(197,527

)

(207,313

)

Finance income

4

4,625

8,013

PROFIT/(LOSS) BEFORE INCOME TAX

5

74,946

(49,616

)

Income tax

6

15,398

(15,607

)

PROFIT/(LOSS) FOR THE YEAR

90,344

(65,223

)

PROFIT/(LOSS) FOR THE YEAR

90,344

(65,223

)

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

90,344

(65,223

)

ASSETS

NON-CURRENT ASSETS

Property, plant and equipment

7

3,527,032

3,737,239

Trade and other receivables

8

10,127

11,048

Deferred tax

15

104,101

88,703

3,641,260

3,836,990

CURRENT ASSETS

Trade and other receivables

8

127,067

136,730

Cash and cash equivalents

9

201,232

96,409

328,299

233,139

TOTAL ASSETS

3,969,559

4,070,129

EQUITY

SHAREHOLDERS' EQUITY

Called up share capital

10

50,001

50,001

Retained earnings

11

(826,333

)

(916,677

)

TOTAL EQUITY

(776,332

)

(866,676

)

LIABILITIES

NON-CURRENT LIABILITIES

Financial liabilities - borrowings

Interest bearing loans and borrowings

13

4,262,255

4,455,475

CURRENT LIABILITIES

Trade and other payables

12

199,377

202,977

Financial liabilities - borrowings

Interest bearing loans and borrowings

13

284,259

278,353

483,636

481,330

TOTAL LIABILITIES

4,745,891

4,936,805

TOTAL EQUITY AND LIABILITIES

3,969,559

4,070,129

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:

R P R Richards - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2023

50,001

(851,454

)

(801,453

)

Changes in equity

Total comprehensive income

-

(65,223

)

(65,223

)

Balance at 31 March 2024

50,001

(916,677

)

(866,676

)

Changes in equity

Total comprehensive income

-

90,344

90,344

Balance at 31 March 2025

50,001

(826,333

)

(776,332

)

Cash flows from operating activities

Cash generated from operations

1

485,039

201,389

Interest paid

(197,527

)

(207,313

)

Net cash from operating activities

287,512

(5,924

)

Cash flows from investing activities

Interest received

4,625

8,013

Net cash from investing activities

4,625

8,013

Cash flows from financing activities

Loan repayments in year

(187,314

)

(99,328

)

Net cash from financing activities

(187,314

)

(99,328

)

Increase/(decrease) in cash and cash equivalents

104,823

(97,239

)

Cash and cash equivalents at beginning of year

2

96,409

193,648

Cash and cash equivalents at end of year

2

201,232

96,409

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

2025

2024

£

£

Profit/(loss) before income tax

74,946

(49,616

)

Depreciation charges

210,207

210,207

Finance costs

197,527

207,313

Finance income

(4,625

)

(8,013

)

478,055

359,891

Decrease/(increase) in trade and other receivables

10,584

(44,866

)

Decrease in trade and other payables

(3,600

)

(113,636

)

Cash generated from operations

485,039

201,389

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 31 March 2025

31.3.25

1.4.24

£

£

Cash and cash equivalents

201,232

96,409

Year ended 31 March 2024

31.3.24

1.4.23

£

£

Cash and cash equivalents

96,409

193,648

1.	STATUTORY INFORMATION

Swindon Chapel Farm Solar PLC is a public company, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparation

These financial statements have been prepared in accordance with UK-adopted international accounting standards and with those parts of the Companies Act 2006 applicable to companies reporting under IFRS. The financial statements have been prepared under the historical cost convention.

These financial statements are presented in British Pounds (GBP), which is the company's functional and presentational currency.

The figures contained in the accounts have been rounded to the nearest one pound and only contain information about the company as an individual standalone entity.

Going concern

The ability of the company to continue to trade at current levels is dependent on Swindon Borough Council not calling in all or part of the amounts owed to it. Cash flow will continue to improve as the company delivers the business plan; this will permit loan repayments and further investment in the business. The directors are confident that loans will not be called in and that the facility will be repaid or renewed before the renewal date.

The company’s forecasts and projections, taking account of reasonably possible changes in trading performance, show that the company should be able to operate within the level of its current arrangements. After making enquiries, the directors have concluded that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured, regardless of when the payment is being made. Revenue is measured at the fair value of the consideration received or receivable, taking into account contractually defined terms of payment and excluding discounts, rebates and other sales taxes or duty. The company recognises revenue from contracts with customers based on a five-step model as set out in IFRS 15:

1. Identify the contract(s) with a customer: A contract is defined as an agreement between two or more parties that creates enforceable rights and obligations and sets out the criteria for every contract that must be met.

2. Identify the performance obligations in the contract: A performance obligation is a promise in a contract with a customer to transfer a good or service to the customer.

3. Determine the transaction price: The transaction price is the amount of consideration to which the company expects to be entitled in exchange for transferring promised goods or services to a customer, excluding amounts collected on behalf of third parties.

4. Allocate the transaction price to the performance obligations in the contract: For a contract that has more than one performance obligation, the company will allocate the transaction price to each performance obligation in an amount that depicts the amount of consideration to which the company expects to be entitled in exchange for satisfying each performance obligation.

5. Recognise revenue when (or as) the entity satisfies a performance obligation at a point in time or over time. The company satisfies a performance obligation and recognises revenue over time, if one of the following criteria is met:

- The customer simultaneously receives and consumes the benefits provided by the company's performance as the company performs; or

- The company's performance creates or enhances an asset that the customer controls as the asset is created or enhanced; or

- The company's performance does not create an asset with an alternative use to the company and the entity has an enforceable right to payment for performance completed to date.

For performance obligations where any one of the above conditions are not met, revenue is recognised at a point in time at which the performance obligation is satisfied. The company is required to assess each of its contracts with customers to determine whether performance obligations are satisfied over time or at a point in time in order to determine the appropriate method of recognising revenue. The company has concluded that for majority of its arrangements, it is either creating or enhancing an asset controlled by the customer or it is creating an asset with no

alternative use and has an enforceable right to payment for work completed. Therefore, it meets the criteria to recognise revenue over time and measure progress of its projects through the time-based (output approach) as it best depicts the transfer of control of products and services under each

performance obligation When the company satisfies a performance obligation by delivering the promised goods or services it creates a contract asset based on the amount of consideration earned by the performance. Where the amount of consideration received from a customer exceeds the amount of revenue recognised this gives rise to a contract liability. Revenue is measured at the fair value of the consideration received or receivable, taking into account contractually defined terms of payment and excluding taxes and duty. The company assesses its revenue arrangements against specific criteria to determine if it is acting as principal or agent. The company has concluded that it is acting as an agent in all of its revenue arrangements. Revenue is recognised when the company completes its performance obligation and control is transferred to the customer. The company combines two or more contracts entered into at or near the same time with the same customer and accounts for the contracts as a single contract if one or more of the following criteria are met:

- The two or more contracts entered into at or near the same time with the same customer are negotiated as a package, with a single commercial objective;

- The amount of consideration to be paid in one contract depends on the price or performance of the other contract; or

- The goods or services promised in the contracts (or some goods or services promised in each of the contracts) are a single performance obligation.

If the above criteria are met, the arrangements are combined and accounted for as a single arrangement for revenue recognition. Revenue is recognised in the statement of comprehensive income to the extent that it is highly probable that a significant reversal in the mount of cumulative revenue recognised will not occur and the revenue and costs, if applicable, can be measured reliably.

Cash and cash equivalents

Cash represents cash in hand and deposits held on demand with financial institutions. Cash equivalents are short-term, highly-liquid investments with original maturities of three months or less (as at their date of acquisition). Cash equivalents are readily convertible to known amounts of cash and subject to an insignificant risk of change in that cash value.

In the presentation of the Statement of Cash Flows, cash and cash equivalents also include bank overdrafts. Any such overdrafts are shown within borrowings under ‘current liabilities’ on the Statement of Financial Position.

Property, plant and equipment

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

Plant and machinery

-

4% on a straight line basis

Useful lives and residual values are reviewed annually, and adjusted if appropriate, at the end of each reporting period. Residual values are based on the estimated amount which would be currently obtainable from disposal of the asset net of disposal costs if the asset were already of the age and condition expected at the end of its useful life.

The carrying values of plant and equipment are reviewed for impairment if events or changes in circumstances indicate the carrying value may not be recoverable, and are written down immediately to their recoverable amount. An asset's carrying amount is written down immediately to its recoverable amount if the asset's carrying amount is greater than its estimated recoverable amount.

Repairs and maintenance are charged to the income statement during the financial position in which it was

incurred.

An item of plant and equipment is derecognised upon disposal or when no future economic benefits are

expected to arise from the continued use of the asset. Any gain or loss arising on the derecognition of the asset is included in the income statement in the period of derecognition.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the statement of financial position when a legally enforceable right exists to set off the recognised amounts and the company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method:

a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate.

b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged.

c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation isn't contingent on future events other than (1) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (ii) the new rate is a market rate of interest and satisfies condition (a).

d) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current year or prior years.

e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law.

f) Contractual provisions may permit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c).

Debt instruments that have no stated interest rate (and do not constitute a financing transaction) and are classified as payable or receivable within one year are initially measured at an undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.

With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss.

Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

Taxation

Current taxes are based on the results shown in the financial statements and are calculated according to local tax rules, using tax rates enacted or substantially enacted by the statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Borrowing costs

Borrowing costs which are directly attributable to the construction of property, plant and equipment are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

Finance costs

Finance costs of financial liabilities are recognised in the statement of income and retained earnings over the term of such instruments at a constant rate on the carrying amount.

Segmental reporting

All activities are undertaken in the UK. The company’s turnover is all from the provision of electricity derived from a photovoltaic solar array.

3.	EMPLOYEES AND DIRECTORS

The company does not currently have any employees. As a result, there were no staff costs for the year ended 31 March 2025 nor for the year ended 31 March 2024.

4.	NET FINANCE COSTS

2025

2024

£

£

Finance income:

Deposit account interest

4,625

8,013

Finance costs:

Debenture interest

106,035

112,684

Loan interest

91,492

94,629

197,527

207,313

Net finance costs

192,902

199,300

5.	PROFIT/(LOSS) BEFORE INCOME TAX

The profit before income tax (2024 - loss before income tax) is stated after charging:

2025

2024

£

£

Depreciation - owned assets

210,207

210,207

Auditors' remuneration

5,182

5,159

6.	INCOME TAX

Analysis of tax (income)/expense

2025

2024

£

£

Deferred tax

(15,398

)

15,607

Total tax (income)/expense in statement of profit or loss

(15,398

)

15,607

Factors affecting the tax expense

The tax assessed for the year is lower (2024 - higher) than the standard rate of corporation tax in the UK. The difference is explained below:

2025

2024

£

£

Profit/(loss) before income tax

74,946

(49,616

)

Profit/(loss) multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 19%)

18,737

(9,427

)

Effects of:

Expenses not tax deductible

37

-

Depreciation in excess of capital allowances

8,846

4,445

Losses utllised

(26,464

)

(1,522

)

Deferred tax

(15,398

)

15,607

Losses carried forward

-

6,504

Deposit account interest

(1,156

)

-

Tax (income)/expense

(15,398

)

15,607

7.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

£

COST

At 1 April 2024

and 31 March 2025

5,230,342

DEPRECIATION

At 1 April 2024

1,493,103

Charge for year

210,207

At 31 March 2025

1,703,310

NET BOOK VALUE

At 31 March 2025

3,527,032

At 31 March 2024

3,737,239

8.	TRADE AND OTHER RECEIVABLES

2025

2024

£

£

Current:

Trade debtors

5,214

-

Other debtors

37,500

37,500

VAT

6,315

24,878

Prepayments and accrued income

78,038

74,352

127,067

136,730

Non-current:

Prepayments and accrued income

10,127

11,048

Aggregate amounts

137,194

147,778

9.	CASH AND CASH EQUIVALENTS

2025

2024

£

£

Cash in hand

1

1

Bank accounts

201,231

96,408

201,232

96,409

10.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

£

50,000

Share capital 1

1

50,001

50,001

11.

RESERVES

Retained

earnings

£

At 1 April 2024

(916,677

)

Profit for the year

90,344

At 31 March 2025

(826,333

)

12.	TRADE AND OTHER PAYABLES

2025

2024

£

£

Current:

Trade creditors

29,605

36,228

Accruals and deferred income

169,772

166,749

199,377

202,977

13.

FINANCIAL LIABILITIES - BORROWINGS

2025

2024

£

£

Current:

Debentures

105,009

99,103

Other loans

179,250

179,250

284,259

278,353

Non-current:

Debentures - 1-2 years

1,737,817

1,841,412

Other loans - 1-2 years

2,524,438

2,614,063

4,262,255

4,455,475