REGISTERED NUMBER: 00230861 (England and Wales)

Strategic Report,

Report of the Directors and

Financial Statements

for the Year Ended 31 March 2025

for

JOHN HENSHALL (FRUIT SALESMEN) LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Statement of Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Notes to the Financial Statements

12

Directors:

R J I Murison

A M B Murison

J Mironovas

Secretary:

P R Murison

Registered office:

Stalls D5-7

New Smithfield Market

Whitworth Street East

Manchester

M11 2WP

Registered number:

00230861 (England and Wales)

Auditors:

S&W Audit

Northern Assurance Buildings

9-21 Princess Street

Manchester

M2 4DN

The directors present their strategic report for the year ended 31 March 2025.

Review of business

The principal activity of the company remained the sale of fruit and vegetables primarily to wholesalers.

During the year market conditions were similar to the previous year. Locally grown produce continued to command higher than average prices, a trend that has now become well established. Rising costs of labour, following further increases in the national minimum wage, as well as challenges with unstable weather conditions continued to impact the sector and are expected to remain a long-term challenge.

Imported produce remained relatively more affordable than local alternatives. However, the added costs of compliance. paperwork, and trading barriers persisted. In addition, supply chain disruptions within the EU led to price fluctuations and varying levels of availability throughout the year.

Despite the challenges, the company has maintained a strong trading position. Demand from wholesalers remained resilient, supporting stable revenues and margins. The directors remain confident that the company will continue to be profit making in the future,

Principal risks and uncertainties

Higher than normal average prices continued to have a positive effect on turnover during this year. The ongoing impacts of climate change, the war in Ukraine and rising workforce costs - including increases in the national minimum wage - are expected to sustain these higher price levels for the foreseeable future.

Adverse weather conditions in the UK again created challenges for planting and harvesting, leading to supply constraints in certain categories of fresh produce. These shortages, combined with strong demand from wholesalers, contributed to volatility in both pricing and availability throughout the year.

Imported produce provided some relief in terms of supply, but continued to be affected by trading barriers, additional paperwork and logistical costs. Furthermore, fluctuations in EU supply levels have made availability less predictable, requiring close management of supplier relationships.

Despite these headwinds, the company's strong financial position, established customer base, and longstanding supplier networks place it in a resilient position, With all competitors in the UK market facing similar conditions, the directors remain confident that the company's adaptability and disciplined approach will enable it to respond effectively to changing market circumstances, The strategic focus for the year ahead remains on maintaining supply reliability, supporting customers with consistent service, and protecting profitability through prudent cost and risk management.

Going concern

The financial statements have been prepared on a going concern basis. The directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. The directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Key performance indicators

The company's key performance indicator is considered to be turnover and gross margin. As noted above, turnover has improved due to higher than usual prices.

On behalf of the board:

R J I Murison - Director

19 September 2025

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 wholesale of fruit and vegetables.

Dividends

Interim dividends totalling £5 per share were paid on the ordinary 1p shares during the year. No dividends were paid on any other classes of shares.

The total distribution of dividends for the year ended 31 March 2025 will be £975,000.

Future developments

The directors propose to continue with its current operations but feel the company is in a strong position to identify new opportunities and efficiencies and to adapt to the market.

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 J I Murison

A M B Murison

J Mironovas

Financial instruments

The company’s activities expose it to a number of financial risks including, credit risk, cash flow risk and liquidity risk. The company does not use derivative financial instruments.

CREDIT RISK

The company’s principal financial assets are bank balances and cash, trade and other receivables. The main purpose of these is to finance the business' operations.

The company’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.

The credit risk on liquid funds is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.

The company has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.

CASHFLOW RISK

The company's activities expose it primarily to the financial risks of changes in foreign currency exchange rates. This is mitigated as the company is in a position to adapt its product mix should prices become prohibitive and the fact that all the company's competitors are in the UK and would all experience the same risk.

LIQUIDITY RISK

In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the company uses the funds held in its bank accounts.

In respect of bank balances the liquidity risk is managed by maintaining a balance sufficient to cover the company's ongoing requirements. All of the company's cash balances are held in such a way that achieves a competitive rate of interest. The company makes use of money market facilities where funds are available.

Trade debtors are managed in respect of credit and cash flow risk by policies concerning the credit offered to customers and the regular monitoring of amounts outstanding for both time and credit limits.

Trade creditors' liquidity risk is managed by ensuring sufficient funds are available to meet the amounts due.

The company is a lessee in respect of finance lease assets. The liquidity risk in respect of this is managed by ensuring that there are sufficient funds available to meet the payments.

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 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.

On behalf of the board:

R J I Murison - Director

19 September 2025

Opinion

We have audited the financial statements of John Henshall (Fruit Salesmen) Limited (the 'company') for the year ended 31 March 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

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

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

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

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

The other information comprises the information included in the report of the directors, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the report of the directors. 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. 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 course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Matters on which we are required to report by exception

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

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

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

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

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

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

Responsibilities of directors

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

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

Auditors' responsibilities for the audit of the financial statements

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

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below:

We obtained a general understanding of the company's legal and regulatory framework through enquiry of management concerning their understanding of relevant laws and regulations, the entity's procedures regarding compliance and how they identify, evaluate and account for litigation claims. We also drew on our existing understanding of the company's industry and regulation.

We understand that the company complies with the framework through outsourcing accounts preparation and tax compliance to external experts.

In the context of the audit, we considered those laws and regulations which determine the form and content of the financial statements, which are central to the company's ability to conduct its business and where there is a risk that failure to comply could result in material penalties. We identified the following laws and regulations as being of significance in the context of the company/group:

- The companies Act 2006 and FRS 102 in respect of the preparation and presentation of the financial statements.

- UK taxation law.

- Health and safety.

- Food hygiene regulations, due to the nature of the company's operations.

We performed the following specific procedures to gain evidence about compliance with the significant laws and regulations identified above:

- Inspecting correspondence in relation to health and safety and food hygiene compliance.

The senior statutory auditor led a discussion with senior members of the engagement team regarding the susceptibility of the entity's financial statements to material misstatement, including how fraud might occur.

The areas identified in this discussion were:

- Manipulation of the financial statements, especially revenue, via fraudulent journal entries, particularly as the size of the company means that there is little opportunity for segregation of duties.

These areas were communicated to the other members of the engagement team not present at the discussion.

The procedures we carried out to gain evidence in the above areas included:

- Substantive work on material areas affecting profits.

- Revenue recognition - we have tested a sample of trade debtors to ensure existence of sales as well as testing a sample of purchase orders in the year and ensured that stock purchased has eventually resulted in a sale that has been included in the accounts.

- Testing journal entries, focusing particularly on postings to unexpected or unusual accounts and those posted at unusual times.

Overall, the senior statutory auditors was satisfied that the engagement team collectively had the appropriate competence and capabilities to identify or recognise irregularities.

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.

Antony Sassen (Senior Statutory Auditor)

for and on behalf of S&W Audit

Northern Assurance Buildings

9-21 Princess Street

Manchester

M2 4DN

23 September 2025

Turnover

4

26,394,865

26,397,169

Cost of sales

(21,950,599

)

(22,177,504

)

Gross profit

4,444,266

4,219,665

Administrative expenses

(3,164,653

)

(3,567,998

)

Operating profit

6

1,279,613

651,667

Interest receivable and similar income

76,516

43,364

1,356,129

695,031

Interest payable and similar expenses

7

(987

)

(3,015

)

Profit before taxation

1,355,142

692,016

Tax on profit

8

(332,634

)

(162,011

)

Profit for the financial year

1,022,508

530,005

Other comprehensive income

-

-

Total comprehensive income for the year

1,022,508

530,005

Fixed assets

Tangible assets

10

398,035

550,089

Investments

11

-

67,274

398,035

617,363

Current assets

Stocks

12

286,805

267,264

Debtors

13

3,296,316

3,147,525

Cash at bank and in hand

1,792,276

1,354,959

5,375,397

4,769,748

Creditors

Amounts falling due within one year

14

4,335,143

3,966,330

Net current assets

1,040,254

803,418

Total assets less current liabilities

1,438,289

1,420,781

Provisions for liabilities

17

87,000

117,000

Net assets

1,351,289

1,303,781

Capital and reserves

Called up share capital

18

2,645

2,645

Revaluation reserve

19

3,061

6,110

Retained earnings

19

1,345,583

1,295,026

Shareholders' funds

1,351,289

1,303,781

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

R J I Murison - Director

Called up

share

Retained

Revaluation

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 April 2023

2,645

1,206,972

9,159

1,218,776

Changes in equity

Dividends

-

(445,000

)

-

(445,000

)

Total comprehensive income

-

533,054

(3,049

)

530,005

Balance at 31 March 2024

2,645

1,295,026

6,110

1,303,781

Changes in equity

Dividends

-

(975,000

)

-

(975,000

)

Total comprehensive income

-

1,025,557

(3,049

)

1,022,508

Balance at 31 March 2025

2,645

1,345,583

3,061

1,351,289

1.	Statutory information

John Henshall (Fruit Salesmen) 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.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Financial Reporting Standard 102 - reduced disclosure exemptions

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

•

the requirements of Section 7 Statement of Cash Flows.

Significant judgements and estimates

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any critical judgements in applying the company's accounting policies. The company makes estimates and assumptions concerning the future. The resulting accounting estimates will by definition, seldom equal the actual results.The company makes an estimate of the recoverable value of trade debtors. When assessing impairment of trade debtors management considers factors including the current credit rating of the debtor, the aging profile of the debtors and historical experience. See note 14 for the net carrying amount of debtors and associated impairment provision. Other than those discussed above there are no estimates or assumptions which give a significant risk of causing a material adjustment to the carrying amounts of assets or liabilities within the next financial year.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of fruit and vegetables to customers.

The company recognises revenue when the goods have been delivered to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Long leasehold

-

4% on cost

Plant and machinery

-

33% straight line and 15% straight line

Motor vehicles

-

20% straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowances for obsolete and slow moving items.

Cost is determined on a first-in, first out (FIFO) method. Cost included the purchase price, including taxes and duties and transport and handling directly attributable to bringing the stock to its present location and condition.

At the end of each reporting period stocks are assessed for impairment. If an item of inventory is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment is recognised the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.

Financial instruments

The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances and investments, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

There are no assets which are initially measured at fair value.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors and loans from fellow group companies that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding

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.

Fixed asset investments

Fixed asset investments are stated at market value.

4.

Turnover

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

2025

2024

£

£

Sales of fruit and vegetables

26,394,865

26,397,169

26,394,865

26,397,169

5.	Employees and directors

2025

2024

£

£

Wages and salaries

1,997,064

2,011,046

Social security costs

201,024

238,423

Other pension costs

154,641

154,838

2,352,729

2,404,307

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

2025

2024

Administration

9

9

Sales

33

34

Warehouse

16

16

58

59

2025

2024

£

£

Directors' remuneration

101,375

118,042

Directors' pension contributions to money purchase schemes

122,795

121,321

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

Money purchase schemes

3

3

6.	Operating profit

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

2025

2024

£

£

Other operating leases

210,875

209,680

Depreciation - owned assets

122,442

133,203

Depreciation - assets on hire purchase contracts

32,112

26,340

Profit on disposal of fixed assets

(58,637

)

(36,301

)

Auditors' remuneration

13,000

12,500

7.

Interest payable and similar expenses

2025

2024

£

£

Hire purchase

987

3,015

8.

Taxation

Analysis of the tax charge

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

2025

2024

£

£

Current tax:

UK corporation tax

358,896

174,981

(Over)/under provision PY

3,738

(15,970

)

Total current tax

362,634

159,011

Deferred tax

(30,000

)

3,000

Tax on profit

332,634

162,011

UK corporation tax has been charged at 25% (2024 - 25%).

Reconciliation of total tax charge included in profit and loss

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

2025

2024

£

£

Profit before tax

1,355,142

692,016

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

338,786

173,004

Effects of:

Expenses not deductible for tax purposes

637

1,639

Income not taxable for tax purposes

(16,482

)

(9,465

)

Depreciation in excess of capital allowances

35,955

9,803

Adjustments to tax charge in respect of previous periods

3,738

(15,970

)

Deferred tax

(30,000

)

3,000

Total tax charge

332,634

162,011

9.

Dividends

2025

2024

£

£

Ordinary shares of 1p each

975,000

445,000

10.	Tangible fixed assets

Long

Plant and

Motor

leasehold

machinery

vehicles

Totals

£

£

£

£

Cost or valuation

At 1 April 2024

100,000

371,285

963,703

1,434,988

Additions

-

2,500

-

2,500

At 31 March 2025

100,000

373,785

963,703

1,437,488

Depreciation

At 1 April 2024

92,000

322,097

470,802

884,899

Charge for year

4,000

12,143

138,411

154,554

At 31 March 2025

96,000

334,240

609,213

1,039,453

Net book value

At 31 March 2025

4,000

39,545

354,490

398,035

At 31 March 2024

8,000

49,188

492,901

550,089

Cost or valuation at 31 March 2025 is represented by:

Long

Plant and

Motor

leasehold

machinery

vehicles

Totals

£

£

£

£

Valuation in 1987

100,000

-

-

100,000

Cost

-

373,785

963,703

1,337,488

100,000

373,785

963,703

1,437,488

Advantage has been taken of the transitional provisions of FRS 102. These allow entities which have revalued an asset in the past to treat the valuation as deemed cost on transition.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

Cost or valuation

At 1 April 2024

160,600

Transfer to ownership

(160,600

)

At 31 March 2025

-

Depreciation

At 1 April 2024

31,711

Charge for year

32,112

Transfer to ownership

(63,823

)

At 31 March 2025

-

Net book value

At 31 March 2025

-

At 31 March 2024

128,889