REGISTERED NUMBER: 01954590 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

INN GEAR LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Statement of Income and Retained Earnings

9

Balance Sheet

10

Cash Flow Statement

11

Notes to the Cash Flow Statement

12

Notes to the Financial Statements

14

DIRECTORS:

M N Butson

G Cooper

Mrs C S Butson

REGISTERED OFFICE:

Unit 7

Whaddon Business Park

Whaddon

Salisbury

SP5 3HF

REGISTERED NUMBER:

01954590 (England and Wales)

AUDITORS:

Fawcetts LLP

Chartered Accountants

and Statutory Auditors

Windover House

St. Ann Street

Salisbury

SP1 2DR

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

REVIEW OF BUSINESS

The results for the year and financial position of the company are as shown in the financial statements.

The company continued with its activities of the supply and fixing of bric a brac, furniture and fixed seating during the year under review.

The key financial highlights of the company are as follows:

2024

2023

Turnover

£14.4m

£12.0m

Gross profit margin

21.4%

19.9%

Net assets

£535k

£479k

Capital expenditure

£36k

£138k

The directors consider the profit achieved on ordinary activities before taxation and the state of the company's affairs to be satisfactory.

During the year, the company saw sales grow by 20.5%. This was due to some major jobs earned during the year.

There continues to be the pressure of rising material costs. The company was also subject to rising labour costs in a competitive market and saw the average number of employees rise by 14 to cope with the rising demand. Despite these cost pressures, the company managed to improve its gross profit margin by 1.5%.

PRINCIPAL RISKS AND UNCERTAINTIES

The management of the business and the execution of the company's strategy are subject to several risks, especially in the current economic climate.

With forecasted increases in spending within the hospitality industry, the company is focussed on retaining its position as a market leader and continuing to deliver a quality service.

FUTURE DEVELOPMENTS

As referred to above, the company's strategic plan through 2025 will continue to see investment in new capital to ensure increased sales into our core market, whilst assisting in the management of costs and increased efficiency.

This will enable the company to deliver its strategic objectives for the year.

ON BEHALF OF THE BOARD:

M N Butson - Director

9 September 2025

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the supply and fixing of bric-a-brac, furniture and fixed seating to pubs, hotels and restaurants.

DIVIDENDS

The total distribution of dividends for the year ended 31 December 2024 will be £ 682,760 .

DIRECTORS

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

M N Butson

G Cooper

Other changes in directors holding office are as follows:

Mrs C S Butson was appointed as a director after 31 December 2024 but prior to the date of this report.

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.

AUDITORS

The auditors, Fawcetts LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

M N Butson - Director

9 September 2025

Opinion

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

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its 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 qualified 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.

Except for the possible effects of the matter described in the basis of qualified opinion section of our report, in our our opinion, based on the work undertaken in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

Arising solely from the limitation on the scope of our work relating to inventory, referred to above:

-

we have not obtained all the information and explanations that we considered necessary for the purpose of our audit; and

-

we were unable to determine whether adequate accounting records have been kept; or

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

-

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.

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.

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

Identifying and assessing potential risks related to irregularities including fraud

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we consider the following:

-

the nature of the industry/sector, control environment and financial performance;

-

results of our enquiries of management about their own identification and assessment of the risk of irregularities;

-

any matters we identified having obtained and reviewed the company's documentation of their policies and procedures relating to:

-

identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;

-

detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; and

-

the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations.

-

the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following area: revenue and profit recognition. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We have also obtained an understanding of the legal and regulatory frameworks that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and tax legislation.

Audit response to risk identified

As a result of performing the above, we identified revenue and profit recognition, stock valuation, estimation techniques and management override of controls as key matters related to the potential risk of fraud or material misstatement. Our procedures to respond to risks identified included the following:

-

reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

-

enquiring of management concerning actual and potential litigation and claims;

-

performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

-

performing substantive procedures to ascertain the completeness, existence, valuation, and rights and obligations of stocks as at the year-end;

-

understanding the company's revenue recognition policies and how they are applied, including the relevant controls and processes and performing a walk-through to validate our understanding;

-

performing analytical procedures to compare revenue recognised against expectations, past results, and management forecasts, and investigated material divergences by obtaining corroborative evidence;

-

reading minutes of meetings of those charged with governance and reviewing any correspondence with HMRC; and

-

in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

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. For example, the further removed non-compliance with laws and regulations (irregularities) 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. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or 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.

Nicholas Jones (FCCA) (Senior Statutory Auditor)

for and on behalf of Fawcetts LLP

Chartered Accountants

and Statutory Auditors

Windover House

St. Ann Street

Salisbury

SP1 2DR

9 September 2025

TURNOVER

14,409,088

11,955,761

Cost of sales

11,328,311

9,575,472

GROSS PROFIT

3,080,777

2,380,289

Administrative expenses

2,048,671

1,470,028

1,032,106

910,261

Other operating income

-

461

1,032,106

910,722

Interest receivable and similar income

6,166

3,797

1,038,272

914,519

Interest payable and similar expenses

4

45,228

64,127

PROFIT BEFORE TAXATION

5

993,044

850,392

Tax on profit

6

253,968

221,645

PROFIT FOR THE FINANCIAL YEAR

739,076

628,747

Retained earnings at beginning of year

478,581

476,167

Dividends

7

(682,760

)

(626,333

)

RETAINED EARNINGS AT END OF YEAR

534,897

478,581

FIXED ASSETS

Tangible assets

8

176,544

290,383

CURRENT ASSETS

Stocks

9

250,000

291,250

Debtors

10

2,047,308

1,910,506

Cash at bank and in hand

859,615

462,547

3,156,923

2,664,303

CREDITORS

Amounts falling due within one year

11

2,579,431

1,931,484

NET CURRENT ASSETS

577,492

732,819

TOTAL ASSETS LESS CURRENT LIABILITIES

754,036

1,023,202

CREDITORS

Amounts falling due after more than one year

12

(175,000

)

(475,000

)

PROVISIONS FOR LIABILITIES

14

(44,137

)

(69,619

)

NET ASSETS

534,899

478,583

CAPITAL AND RESERVES

Called up share capital

15

2

2

Retained earnings

16

534,897

478,581

SHAREHOLDERS' FUNDS

534,899

478,583

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2025 and were signed on its behalf by:

M N Butson - Director

Cash flows from operating activities

Cash generated from operations

1

1,645,842

1,214,707

Interest paid

(45,228

)

(64,127

)

Tax paid

(208,978

)

(110,339

)

Net cash from operating activities

1,391,636

1,040,241

Cash flows from investing activities

Purchase of tangible fixed assets

(35,797

)

(137,611

)

Sale of tangible fixed assets

17,823

-

Interest received

6,166

3,797

Net cash from investing activities

(11,808

)

(133,814

)

Cash flows from financing activities

Loan repayments in year

(300,000

)

(300,000

)

Capital repayments in year

-

(21,626

)

Equity dividends paid

(682,760

)

(626,333

)

Net cash from financing activities

(982,760

)

(947,959

)

Increase/(decrease) in cash and cash equivalents

397,068

(41,532

)

Cash and cash equivalents at beginning of year

2

462,547

504,079

Cash and cash equivalents at end of year

2

859,615

462,547

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

2024

2023

£

£

Profit before taxation

993,044

850,392

Depreciation charges

139,529

161,495

Profit on disposal of fixed assets

(7,715

)

-

Finance costs

45,228

64,127

Finance income

(6,166

)

(3,797

)

1,163,920

1,072,217

Decrease in stocks

41,250

6,993

(Increase)/decrease in trade and other debtors

(136,802

)

106,136

Increase in trade and other creditors

577,474

29,361

Cash generated from operations

1,645,842

1,214,707

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

859,615

462,547

Year ended 31 December 2023

31.12.23

1.1.23

£

£

Cash and cash equivalents

462,547

504,079

3.	ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS

At 1.1.24

Cash flow

At 31.12.24

£

£

£

Net cash

Cash at bank and in hand

462,547

397,068

859,615

462,547

397,068

859,615

Debt

Debts falling due within 1 year

(300,000

)

-

(300,000

)

Debts falling due after 1 year

(475,000

)

300,000

(175,000

)

(775,000

)

300,000

(475,000

)

Total

(312,453

)

697,068

384,615

1.	STATUTORY INFORMATION

Inn Gear Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis and 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 presented unless otherwise stated.

Turnover

Turnover represents net sales during the year (excluding Value Added Tax) adjusted for accrued and deferred income where applicable. Turnover includes revenue earned from the sale of goods and from the rendering of services.

Sale of goods:

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point of despatch.

Rendering of services:

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Construction Contracts:

Turnover is recognised using a percentage-of-completion method when outcomes can be reliably estimated, or by expensing costs only to the extent of probable recovery if outcomes are uncertain. If the outcome cannot be reliably estimated, recognise revenue only to the extent that costs incurred are probable of being recovered.

All turnover and profits arise within the UK and from one class of business being the supply and fixing of bric-a-brac to the hospitality industry.

Tangible fixed assets

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

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on cost

Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low value with a short life. Repair, renovation and replacement expenditure is written off as expenditure in the profit and loss account. The cost of fixed assets is their purchase cost, together with any incidental costs of acquisition.

Stocks and work in progress

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Net realisable value is based on estimated selling price less additional costs to completion.

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal levels of activity. Provision is made for foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors

Debtors are measured at their recoverable amount.

Creditors and provisions

Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3.	EMPLOYEES AND DIRECTORS

2024

2023

£

£

Wages and salaries

4,299,032

3,612,314

Social security costs

428,032

375,422

Other pension costs

82,533

71,687

4,809,597

4,059,423

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

2024

2023

Management and administration

10

18

Projects

27

21

Materials

64

56

Operations

21

15

Furniture coordinator

6

4

128

114

2024

2023

£

£

Directors' remuneration

230,915

177,637

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes

2

2

Information regarding the highest paid director for the year ended 31 December 2024 is as follows:

2024

£

Emoluments etc

158,915

4.

INTEREST PAYABLE AND SIMILAR EXPENSES

2024

2023

£

£

Bank loan interest

45,228

59,794

Hire purchase interest

-

4,333

45,228

64,127

5.	PROFIT BEFORE TAXATION

The profit is stated after charging/(crediting):

2024

2023

£

£

Hire of plant and machinery

150,917

35,746

Depreciation - owned assets

139,528

161,495

Profit on disposal of fixed assets

(7,715

)

-

Auditors' remuneration

20,000

20,000

6.

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

279,451

208,978

Deferred tax

(25,483

)

12,667

Tax on profit

253,968

221,645

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

993,044

850,392

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

248,261

212,598

Effects of:

Expenses not deductible for tax purposes

5,707

3,959

Depreciation in excess of capital allowances

25,933

5,003

Movement in deferred tax

(25,483

)

12,667

Increase in tax rate

-

(12,582

)

Disposal of fixed assets

(450

)

-

Total tax charge

253,968

221,645

7.

DIVIDENDS

2024

2023

£

£

Paid during the year

682,760

626,333

8.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

562,515

497,185

1,059,700

Additions

12,047

23,750

35,797

Disposals

-

(20,216

)

(20,216

)

At 31 December 2024

574,562

500,719

1,075,281

DEPRECIATION

At 1 January 2024

374,029

395,288

769,317

Charge for year

80,054

59,474

139,528

Eliminated on disposal

-

(10,108

)

(10,108

)

At 31 December 2024

454,083

444,654

898,737

NET BOOK VALUE

At 31 December 2024

120,479

56,065

176,544

At 31 December 2023

188,486

101,897

290,383