REGISTERED NUMBER: 01215528 (England and Wales)

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PARKERS MOTOR SERVICES (SYSTON) LIMITED

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

5

Report of the Independent Auditors

10

Consolidated Statement of Comprehensive Income

13

Consolidated Balance Sheet

14

Company Balance Sheet

15

Consolidated Statement of Changes in Equity

16

Company Statement of Changes in Equity

17

Consolidated Cash Flow Statement

18

Notes to the Consolidated Cash Flow Statement

19

Notes to the Consolidated Financial Statements

20

Directors:

W G Parker

Mrs S Parker

R D Parker

J W Parker

J M Parker

Mrs H Parker

A D Parker

M J Parker

N J P Parker

R W Parker

Mrs C A Patterson

Secretary:

J M Parker

Registered office:

6 Foundry Square

Belgrave Gate

Leicester

LE1 3WW

Registered number:

01215528 (England and Wales)

Auditors:

TC Group

1 Merus Court

Meridian Business Park

Leicester

Leicestershire

LE19 1RJ

The principal activity of the Group during the year continued to be that of the provision of motor spares and accessories.

Business review

The Group's turnover in 2024 totalled £53.4m, which was an increase of 6.2% on 2023 (£50.3m). This was partly due to the expansion of the Group's network to 31 branches during the year, with the opening of three new sites in 2024, alongside inflationary increases.

The profit after tax increased from £6.1m in 2023 to £6.7m in 2024. The directors are satisfied with the Group's performance and profitability in a market which remained very competitive.

The Group continues to maintain strong relationships with its suppliers in order to ensure that it can provide quality products to its customers at competitive prices.

Market conditions are expected to remain very competitive in the foreseeable future, however, the directors anticipate continued steady growth in turnover and profitability in the coming year and remain committed to focusing on opportunities for the development and growth of the company's core activity.

Principal risks and uncertainties

The directors consider that the Group has similar potential risks to those faced by other companies in the sector.

Loss of key customers and suppliers

There is a risk over retaining the loyalty of key customers and suppliers. Considerable emphasis is devoted to maintaining service levels with customers and working closely with suppliers on logistical and quality issues to ensure that high levels of performance are achieved.

Credit risk

The inability of customers to pay amounts due to the Group due to financial difficulties is a risk. To minimise this risk, the Group employs pro-active credit control techniques, such as applying appropriate credit limits and monitoring payment patterns and debt levels on a regular basis.

Economic risk

There is a risk of increased interest rates and inflation having an adverse impact on the market place, as well as the risk of unrealistic increases in labour and other costs impacting adversely on the competitiveness of the Group. These risks are mitigated by maintaining strict control over costs and continual monitoring of financial performance.

Financial key performance indicators

The key performance indicators of the Group are turnover, gross margin and net profit, all of which can be evidenced on the Profit and Loss Account. Turnover and gross margin are monitored daily by the directors and overall Group performance is measured on a monthly basis through detailed management accounts.

Other key performance indicators

The Group uses non-financial KPI's as part of its overall assessment strategy. This includes monitoring the number of missed calls at the sales desks in each branch.

Directors' statement of compliance with duty to promote success of the group

Section 172 of the Companies Act 2006 requires a director of a company to act in the way he or she considers, in good faith, would most likely promote the success of the Group for the benefit of its members as a whole. In doing this, Section 172 requires a director to have regard, amongst other matters, to the:

-

Likely consequences of any decisions in the long-term;

-

Interests of the Group's employees;

-

Need to foster the Group's business relationships with suppliers, customers and others;

-

Impact of the Group's operations on the community and environment;

-

Desirability of the Group maintaining a reputation for high standards of business conduct; and

-

Need to act fairly as between members of the Group.

The likely consequences of any decision in the long term

By understanding the business and the environment in which it operates, the directors remain mindful of the long term implications that strategic decisions will have for the Group and its stakeholders. There is a clear plan for organic growth which ensures the Group continues to offer a comprehensive and efficient distribution service to customers. This long-term strategy has resulted in the opening of three new sites during the year, with further branches due to open in 2025, satisfying customer and shareholder needs. The directors take care to consider the interests of all stakeholders when deciding on courses of action. Regular meetings take place to discuss business strategy, potential risks and key laws and regulations to ensure operating methods and decisions deliver on the directors' duty of care for the benefit of its members and stakeholders.

The interests of the Group's employees

The directors recognise that the employees are key to the business and its success. They engage with the workforce to ensure that they are fostering an environment that the employees are happy to work in and that best supports their well-being. The directors benefit from having a knowledgeable, experienced senior management team who, along with the directors themselves, are actively involved in the day to day running of the business and maintain regular communication with branch staff. Regular external health and safety checks are carried out which helps support employees' welfare and well-being.

The need to foster the Group's business relationships with suppliers, customers and others

The directors recognise that the success of the Group is also reliant on building strong relationships with suppliers and customers. The directors acknowledge it is their duty to provide value and quality to customers and this can only be achieved by building relationships with key suppliers. The Group has a large and varied supplier base from international to local independent family run businesses.

The impact of the Group's operations on the community and environment

The directors are committed to maintaining positive relationships with the communities in which the Group operates, and recognise the importance of minimising the impact of their operations on the community and environment. Contributions are frequently made to various charitable bodies and the Group strives to support and sponsor local sport teams, clubs and events. Good environmental management is aligned with a focus on cost optimisation and the Group is committed to reducing its carbon emissions.

The desirability of the Group maintaining a reputation for high standards of business conduct

The directors have always maintained a responsible business conduct and strong ethics. They are committed improving quality in all aspects of the business and have implemented policies and procedures in line with regulatory requirements to prevent misconduct and discrimination.

The need to act fairly between members of the Group

The directors openly engage with all shareholders on a regular basis and provide management information to ensure that the long-term strategy is understood. Any course of action is discussed with the interests of all shareholders considered equally.

On behalf of the board:

R D Parker - Director

5 September 2025

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

Dividends

The profit for the year, after taxation, amounted to £6,682,954 (2023 - £6,108,886).

During the year the directors recommended the payment of dividends amounting to £4,807,560 (2023 - £3,794,108).

Future developments

The directors anticipate pressure on gross profit percentage to remain in the future. They will also look to take advantage of any available efficiency savings and to maintain tight control over costs.

Going concern

After reviewing the Group's forecasts and projections, the directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. The directors have not identified any material uncertainties in relation to going concern and the Group therefore continues to adopt the going concern basis in preparing its financial statements.

Directors

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

W G Parker

Mrs S Parker

R D Parker

J W Parker

J M Parker

Mrs H Parker

A D Parker

M J Parker

N J P Parker

R W Parker

Mrs C A Patterson

Financial instruments

The Group's principal financial instruments comprise of bank balances, trade creditors, trade debtors and loans to the Group from the directors and to Parker Motor Services Limited. The main purpose of these instruments is to raise funds for the Group's operations and to finance the Group's operations. The risk attached to these instruments is managed by ensuring that sufficient funds are available to meet amounts as they fall due. There is minimal risk attached to the directors' loan accounts as repayments of amounts due are at the discretion of the directors.

Engagement with employees

Throughout the year the Group has continued to consult and discuss with employees on matters likely to affect their interests. This has been achieved through management meetings, bulletins and ad hoc reports.

Information is provided to employees in order to achieve a common awareness of financial and economic factors affecting the Group's performance.

Disabled employees

Applications for employment by disabled persons are given full and fair consideration for all vacancies, having regard to their particular aptitudes and abilities.

In the event of employees becoming disabled, every effort is given to retrain them in order that their employment with the Group may continue.

It is the policy of the Group that training, career development and promotion opportunities should be available to all employees.

Environmental matters

The Group will seek to minimise adverse impacts on the environment from its activities, whilst continuing to address health, safety and economic issues. The Group is committed to reducing the amount of energy used throughout the business and ultimately reducing its carbon footprint. The Group has complied with all applicable legislation and regulations.

Following a change in reporting requirements, The Companies Act 2006 (Strategic Report and Directors' Report). Regulation 2018 requires Parkers Motor Services (Syston) Limited to disclose annual UK energy consumption and Greenhouse Gas emissions. This is our third report on energy consumption and Greenhouse Gas Emissions.

Consumption (kWh) and Greenhouse Gas emissions (tCO2e) totals

Scope 1 - direct emissions from those activities owned or controlled by the Group. This relates to the combustion of natural gas, and fuels utilised for transportation operations, such as Group vehicle fleets.

Scope 2 - energy indirect emissions are those released into the atmosphere in relation to the consumption of purchased electricity in day-to-day business operations.

Scope 3 - other indirect emissions resulting from sources not directly owned by the Group. After careful review of the GHG Protocol, it was deemed that there were no such emissions under Scope 3 that would require disclosure.

Totals

The total consumption (kWh) figures for energy supplies reportable by Parkers Motor Services (Syston) Limited are as follows:

Utility and Scope

2024 Consumption kWh

2023 Consumption kWh

Scope 1 :

Natural gas

257,718

272,756

Fuel consumed for own transport

5,539,496

5,216,922

Scope 2 :

Grid-supplied electricity

578,090

668,343

Total

6,375,304

6,158,021

The total emissions (tCO2e) figures resulting from the above consumption:

Utility and Scope

2024 Consumption tCO2e

2023 Consumption tCO2e

Scope 1 :

Natural gas

47.1

49.1

Fuel consumed for own transport

1,314.6

1,249.1

Scope 2 :

Grid-supplied electricity

119.7

138.4

Total

1,481.4

1,436.6

Intensity ratio

The chosen intensity measurement ratio is total gross emissions in metric tonnes CO2e per £1m of turnover:

tCO2e / £m - 27.75 (2023 - 28.58)

Quantification and reporting methodology

We have followed the 2019 HM Government Environmental Reporting Guidelines. We have also used the GHG Reporting Protocol - Corporate Standard and have used the 2024 UK Government's Conversion Factors for Company Reporting.

Measures taken to improve energy efficiency

The Group is committed to year on year improvements in their operational energy efficiency. Site and transport surveys have been carried out to identify cost effective energy saving opportunities.

During recent years a number of sites have had additional thermal insulation installed above the suspended ceilings, as well as non-LED lighting being replaced with energy efficient LED lights where possible. During 2023, a project to install solar panels at the majority of the Group's sites began, and this has continued into 2024.

Directors' responsibilities statement

The directors are responsible for preparing the Group Strategic Report, the Directors' Report 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 Group and of the profit or loss of the Group for that period.

In preparing these financial statements, the directors are required to:

-

select suitable accounting policies for the Group's financial statements and then apply them consistently;

-

make judgements and accounting estimates that are reasonable and prudent;

-

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

-

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

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

Disclosure of information to auditors

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

Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:

-

so far as the director is aware, there is no relevant audit information of which the Group's auditor is unaware; and

-

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Group's auditor is aware of that information.

Post balance sheet events

There have been no significant events affecting the Group since year end.

Auditors

The auditors, TC Group, will be proposed for re-appointment in accordance with section 485 of the Companies Act 2006 at the forthcoming Annual General Meeting,

On behalf of the board:

R D Parker - Director

5 September 2025

Opinion

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

In our opinion the financial statements:

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

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

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

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

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

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Matters on which we are required to report by exception

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

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

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

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

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

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

Responsibilities of directors

As explained more fully in the Directors' Responsibilities Statement set out on pages seven and eight, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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

Auditors' responsibilities for the audit of the financial statements

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

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

-

Enquiry of management and those charged with governance around actual, potential or suspected litigation, claims, non-compliance with applicable laws and regulations and fraud.

-

Enquiry of entity staff in tax and compliance functions and external advisors to identify any instances of non-compliance with laws and regulations.

-

Performing audit work over the risk of management override, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing the accounting estimates for bias.

-

Reviewing of financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.

-

Discussions amongst the engagement team in relation to how and where fraud might occur in the financial statements and any potential indicators of fraud.

-

Reviewing minutes of meetings during the year.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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.

Shiran Wynter (ACA) (Senior Statutory Auditor)

for and on behalf of TC Group

1 Merus Court

Meridian Business Park

Leicester

Leicestershire

LE19 1RJ

5 September 2025

Turnover

4

53,391,744

50,262,876

Cost of sales

25,806,964

26,073,233

Gross profit

27,584,780

24,189,643

Distribution costs

1,609,257

1,403,688

Administrative expenses

17,564,118

15,046,352

19,173,375

16,450,040

8,411,405

7,739,603

Other operating income

5

111,431

102,586

Operating profit

7

8,522,836

7,842,189

Income from shares in group undertakings

143,943

119,397

Interest receivable and similar income

9

65,712

41,311

209,655

160,708

8,732,491

8,002,897

Interest payable and similar expenses

10

14,701

34,875

Profit before taxation

8,717,790

7,968,022

Tax on profit

11

2,034,836

1,859,136

Profit for the financial year

6,682,954

6,108,886

Other comprehensive income

-

-

Total comprehensive income for the year

6,682,954

6,108,886

Profit attributable to:

Owners of the parent

6,682,954

6,108,886

Total comprehensive income attributable to:

Owners of the parent

6,682,954

6,108,886

Fixed assets

Intangible assets

14

4

4

Tangible assets

15

5,280,678

3,965,565

Investments

16

Interest in associate

1,270,451

-

Other investments

333

1,270,784

6,551,466

5,236,353

Current assets

Stocks

17

10,049,503

8,556,995

Debtors

18

7,305,298

6,951,455

Cash at bank

385,418

485,623

17,740,219

15,994,073

Creditors

Amounts falling due within one year

19

(10,232,589

)

(8,972,830

)

Net current assets

7,507,630

7,021,243

Total assets less current liabilities

14,059,096

12,257,596

Provisions for liabilities

21

(608,626

)

(682,520

)

Net assets

13,450,470

11,575,076

Capital and reserves

Called up share capital

22

64,032

64,032

Retained earnings

23

13,386,438

11,511,044

13,450,470

11,575,076

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2025 and were signed on its behalf by:

R D Parker - Director

Fixed assets

Intangible assets

14

-

-

Tangible assets

15

-

-

Investments

16

1,292,195

1,292,195

1,292,195

1,292,195

Current assets

Debtors

18

943,597

979,908

Cash at bank

460

567

944,057

980,475

Creditors

Amounts falling due within one year

19

(765,755

)

(838,901

)

Net current assets

178,302

141,574

Total assets less current liabilities

1,470,497

1,433,769

Capital and reserves

Called up share capital

22

64,032

64,032

Retained earnings

1,406,465

1,369,737

1,470,497

1,433,769

Company's profit for the financial year

4,844,288

3,873,588

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2025 and were signed on its behalf by:

R D Parker - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2023

64,032

9,196,266

9,260,298

Dividends

-

(3,794,108

)

(3,794,108

)

Total comprehensive income

-

6,108,886

6,108,886

Balance at 31 December 2023

64,032

11,511,044

11,575,076

Dividends

-

(4,807,560

)

(4,807,560

)

Total comprehensive income

-

6,682,954

6,682,954

Balance at 31 December 2024

64,032

13,386,438

13,450,470

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2023

64,032

1,290,257

1,354,289

Changes in equity

Dividends

-

(3,794,108

)

(3,794,108

)

Total comprehensive income

-

3,873,588

3,873,588

Balance at 31 December 2023

64,032

1,369,737

1,433,769

Changes in equity

Dividends

-

(4,807,560

)

(4,807,560

)

Total comprehensive income

-

4,844,288

4,844,288

Balance at 31 December 2024

64,032

1,406,465

1,470,497

Cash flows from operating activities

Cash generated from operations

1

9,092,200

6,577,079

Tax paid

(2,005,161

)

(1,288,759

)

Net cash from operating activities

7,087,039

5,288,320

Cash flows from investing activities

Purchase of tangible fixed assets

(2,813,464

)

(1,430,088

)

Sale of tangible fixed assets

159,464

48,420

Hire purchase interest paid

(2,967

)

(17,530

)

Interest received

65,712

41,311

Income from investments

143,943

119,397

Net cash from investing activities

(2,447,312

)

(1,238,490

)

Cash flows from financing activities

Repayment of/new finance leases

(186,815

)

(88,116

)

Interest paid

(11,734

)

(17,345

)

Release of finance leases

266,177

-

Equity dividends paid

(4,807,560

)

(3,794,108

)

Net cash from financing activities

(4,739,932

)

(3,899,569

)

(Decrease)/increase in cash and cash equivalents

(100,205

)

150,261

Cash and cash equivalents at beginning of year

2

485,623

335,362

Cash and cash equivalents at end of year

2

385,418

485,623

1.	RECONCILIATION OF PROFIT FOR THE FINANCIAL YEAR TO CASH GENERATED FROM OPERATIONS

2024

2023

£

£

Profit for the financial year

6,682,954

6,108,886

Depreciation charges

1,041,855

843,079

Loss on disposal of fixed assets

30,855

12,854

Finance costs

14,701

34,875

Finance income

(209,655

)

(160,708

)

Taxation

2,034,836

1,859,136

9,595,546

8,698,122

(Increase)/decrease in stocks

(1,492,508

)

163,615

Increase in trade and other debtors

(353,843

)

(1,560,435

)

Increase/(decrease) in trade and other creditors

1,343,005

(724,223

)

Cash generated from operations

9,092,200

6,577,079

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

385,418

485,623

Year ended 31 December 2023

31.12.23

1.1.23

£

£

Cash and cash equivalents

485,623

335,362

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.24

Cash flow

At 31.12.24

£

£

£

Net cash

Cash at bank

485,623

(100,205

)

385,418

485,623

(100,205

)

385,418

Total

485,623

(100,205

)

385,418