REGISTERED NUMBER: 03287297 (England and Wales)

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PRIDE MOBILITY PRODUCTS LIMITED

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

5

Report of the Independent Auditors

7

Consolidated Income Statement

11

Consolidated Other Comprehensive Income

12

Consolidated Balance Sheet

13

Company Balance Sheet

14

Consolidated Statement of Changes in Equity

15

Company Statement of Changes in Equity

16

Consolidated Cash Flow Statement

17

Notes to the Consolidated Cash Flow Statement

18

Notes to the Consolidated Financial Statements

19

DIRECTORS:

Mr S Meuser

Mr T L Murphy

SECRETARY:

Mr S Meuser

REGISTERED OFFICE:

32 Wedgwood Road

Bicester

Oxfordshire

OX26 4UL

REGISTERED NUMBER:

03287297 (England and Wales)

SENIOR STATUTORY AUDITOR:

Ashley Painter ACA FCCA MAAT

AUDITORS:

Blencowes

Chartered Accountants and Statutory Auditors

15 High Street

Brackley

Northamptonshire

NN13 7DH

SOLICITORS:

Varley Hibbs & Co

Kirby House

Little Park Street

Coventry

CV1 2JZ

The directors present their strategic report of the company and the group for the year ended 31 December 2024.

REVIEW OF BUSINESS

In 2024, Pride Mobility UK and its sister brand, Sitting Pretty by Pride Mobility Ltd, faced contrasting performance results, highlighting the complexities of their respective markets and challenges. Both companies, while distinct in focus, share a commitment to enhancing the quality of life through mobility and comfort solutions, and together provide valuable insights into future growth strategies.

Pride Mobility UK Ltd - Performance Overview

2024 saw an up turn in the revenue and profit of Pride Mobility UK Ltd after the loss of a major customer in 2023 that resulted in a slight decline compared to the results of prior years. Revenue for 2024 has increased by £2,422,075 in part due to supply chain excellence with the companies OEMs on a global scale.

Pride Mobility UK Ltd continues to take proactive measures to reassess its operations and strategic direction. The upgraded internal IT system has continued to enhance customer experiences and operational agility. The company is continuing to diversify its customer base to mitigate risks tied to over-dependence on a few key accounts.

Sitting Pretty by Pride Mobility Ltd - Performance Overview

Sitting Pretty by Pride Mobility Ltd continued to flourish with modest revenue growth in 2024 compared to the previous year. Specializing in rise recline lift chairs, adjustable beds, and fixed furniture, the company continued to serve a diverse clientele, including elderly individuals and those with mobility challenges. Despite growing competition, Sitting Pretty maintained a steady performance, buoyed by increasing demand for mobility aids and wellness products.

Sales Performance by Product Line:

- Rise Recline Lift Chairs: As the company's core product, rise recline chairs saw strong demand, driven by the aging population and individuals with mobility limitations. However, sales growth was tempered by price sensitivity in the market.

- Adjustable Beds: This product line showed the highest growth, benefiting from a broader market trend toward wellness and sleep quality improvement. Consumers were increasingly seeking health-focused products, positioning this segment for future expansion.

- Fixed Furniture: Fixed furniture underperformed relative to the other segments. With sales remaining relatively flat, the company faced stiff competition from larger, established brands and online retailers, necessitating a stronger focus on marketing and differentiation.

Strategic Recommendations and Forecast for 2025

Looking ahead, both companies have significant opportunities to capitalize on their unique market positions. The setbacks faced by Pride Mobility UK should serve as a catalyst for growth and improvement, while Sitting Pretty by Pride Mobility Ltd can build on its steady momentum to drive further expansion.

Key Strategic Priorities:

1. Customer Base Diversification: Given the impact of losing a major customer, both companies should prioritize expanding and diversifying their customer portfolios. This includes forming new partnerships in the healthcare sector, retail outlets, and other distribution channels.

2. Product Innovation and Differentiation: Both brands must continue to invest in R&D to introduce innovative products. For Sitting Pretty, focusing on new features for rise recline chairs, such as smart technology integration and ergonomic improvements, will attract a broader customer base. Pride Mobility UK should look to broaden its mobility product line to offer more comprehensive solutions.

3. Digital and E-commerce Expansion: As consumers increasingly shift to online purchasing, both companies need to bolster their digital presence. Investing in a seamless e-commerce platform, digital marketing, and virtual consultations will increase market reach and enhance customer engagement.

4. Supply Chain Resilience: Given ongoing global supply chain disruptions, both companies must focus on building more robust and agile supply chains. Strengthening supplier relationships, diversifying sourcing options, and improving inventory management will be critical to maintaining consistent product availability.

Revenue Growth Forecast

For Pride Mobility UK, the focus will be on increasing revenue through innovative new products, cost optimization, and strategic partnerships, aiming to improve performance in 2025. Meanwhile, Sitting Pretty is positioned for continued growth, with a revenue growth forecast of 5-7% for 2025, driven by product innovation, market expansion, and digital transformation.

With both companies implementing clear and focused strategies, the outlook for 2025 is optimistic. Despite the challenges faced in 2023, the groundwork laid in that year has set the stage for long-term success, resilience, and market leadership.

PRINCIPAL RISKS AND UNCERTAINTIES

The principal risks and uncertainties facing the company are as follows:

Credit risk

Credit risk is the risk that one party to a financial instrument will cause a financial loss for the other party by failing to discharge an obligation. Company policies are aimed at minimising such losses, and require that deferred terms are only granted to customers who demonstrate an appropriate payment history and satisfy credit worthiness procedures. Details of the company's debtors are shown in note 8 to the financial statements. The company has a large customer base of varying size and risk which covers a large geographical area and therefore minimises the impact should a debtor default on its terms.

Currency risk

The company has transactional currency exposure which arises from sales and purchases in currencies other than its functional currency as well as the currency risk associated with inter-company transactions in various currencies. Potential exposures to foreign currency exchange rate movements are monitored through 12 month rolling cash flow forecasts in all currencies in which the company trades. These are reviewed monthly by the Board and appropriate actions are taken to manage net open foreign currency positions

Liquidity risk

Liquidity risk is the risk that an entity will encounter difficulty in meeting obligations associated with financial liabilities. The company aims to mitigate liquidity risk by managing cash generation by its operations, applying cash collection targets throughout the company.

Cash flow risk

Cash flow risk is the risk that inflows and outflows of cash and cash equivalents will not be sufficient to finance day-to-day operations of the company. The company manages cash flow risk by careful negotiation of terms with customers, suppliers and Pride Mobility Products Inc., the ultimate parent company, to maintain available funds to meet its liabilities as they fall due.

Inflation risk

Financial performance is subject to unforeseen supply chain price increases. To identify these risks, the company continuously monitors forward supply chain prices through dialogue with suppliers. Where risks are not mitigated through costs being fixed with the supply chain at the start, price increase mechanisms are factored into agreements where appropriate.

Given the size of the company, the directors have not delegated the responsibility of monitoring financial risk management to a sub-committee of the Board.The policies set by the Board, and agreed with the parent company, are implemented by the company's finance department.

ON BEHALF OF THE BOARD:

Mr S Meuser - Director

23 September 2025

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

PRINCIPAL ACTIVITY

The principal activity of the company continues to be the distribution of mobility products and accessories for the disabled, manufactured by its ultimate parent undertaking.

DIVIDENDS

No dividends will be distributed for the year ended 31 December 2024.

DIRECTORS

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

Mr S Meuser

Mr T L Murphy

DIRECTORS' QUALIFYING THIRD PARTY INDEMNITY PROVISION

The company has granted an indemnity to one or more of its directors against liability in respect of proceedings brought by third parties, subject to the conditions set out in the Companies Act 2006. Such qualifying third party indemnity provision remains in force as at the date of approving the directors report.

GOING CONCERN

Details of the company's business activities and the factors likely to affect its future development, performance and financial position are set out in the Strategic Report.

The board has undertaken a comprehensive review of the company's forecasts for 2023 and beyond. As part of this review, the directors considered the potential impact of reasonable downside scenarios on these forecasts.

Based on the expected trading patterns, the strong balance sheet and the secured workflow for 2023 the outlook for 2023 and beyond remains positive.

At the time of approving the financial statements, the directors consider that the company has adequate resources to remain in operation for the foreseeable future. They have no reason to believe that any material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. Accordingly the financial statements have been prepared on the going concern basis.

DIRECTORS' RESPONSIBILITIES STATEMENT

The directors are responsible for preparing the Group 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 the 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 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group 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 group'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 group's auditors are aware of that information.

ON BEHALF OF THE BOARD:

Mr S Meuser - Director

23 September 2025

Opinion

We have audited the financial statements of Pride Mobility Products Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2024 which comprise the Consolidated Income Statement, Consolidated Other 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 five and six, 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.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

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:

Non- compliance with laws and regulations

Based on:

-

Our understanding of the Company and the industry in which it operates;

-

Discussion with management and those charged with governance;

-

Obtaining and understanding of the Company's policies and procedures regarding compliance with laws and regulations;

We consider the significant laws and regulations to be UK GAAP, The Companies Act 2026, UK tax legislation and UK employment legislation.

The Company is also subject to laws and regulations where the consequence of non-compliance could have a material effect on the amount or disclosures in the financial statements, for example through the imposition of fines or litigation. We identified such laws and regulations to be the health and safety legislation, employment regulations and anti-bribery.

Our procedures in respect of the above included:

-

Enquiry with those charged with governance for any instances of non-compliance with laws and regulations;

-

Review of correspondence with tax authorities for any instances of non-compliance with laws and regulations;

-

Review of financial statement disclosures and ageeing to supporting documentation;

-

Review of legal expenditure accounts to understand the nature of the expenditure incurred.

Fraud and money laundering

We assessed the susceptibility of the financial statements to material misstatement, including fraud. Our risk assessment procedures included:

-

Enquiry with management and those charged with governance regarding any known or suspected instances of fraud;

-

Obtaining an understanding of the Company's policies and procedures relating to:

- Detecting and responding to the risks of fraud and

- Internal controls established to mitigate risks related to fraud.

-

Discussion amongst the engagement team to how and where fraud might occur in the financial statements;

-

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

-

Considering remuneration incentive schemes and performance targets and the related financial statement areas impacted by these.

Based on our risk assessment, we considered the areas most susceptible to fraud to be management override, revenue and inventory in transit.

Our procedures in respect of the above included:

-

Testing a sample of journal entries throughout the year, which met a defined risk criteria, by agreeing to supporting documentation;

-

Assessing significant estimates made by management for bias. Significant estimates include sales return provisions and inventory provisions;

-

Testing a sample of revenue transactions for existence of revenue transactions, considering whether the revenue recognition policies adopted by the Company comply with accounting standards as well as testing a sample of revenue transactions to third party evidence of delivery goods to the customer;

-

Testing a sample of inventory in transit, to third party evidence that goods were dispatched pre year end and third party evidence of post year end receipt of goods at their destination.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members who were all deemed to have appropriate competence and capabilities and remained alert to any indicators of fraud or non-compliance with laws and regulations throughout the audit.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example: forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements,the less likely we are to become aware of it.

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.

Ashley Painter ACA FCCA MAAT (Senior Statutory Auditor)

for and on behalf of Blencowes

Chartered Accountants and Statutory Auditors

15 High Street

Brackley

Northamptonshire

NN13 7DH

23 September 2025

TURNOVER

30,537,451

25,947,541

Cost of sales

23,274,514

20,542,926

GROSS PROFIT

7,262,937

5,404,615

Distribution costs

2,007,080

2,251,858

Administrative expenses

4,201,461

3,611,686

6,208,541

5,863,544

1,054,396

(458,929

)

Other operating income

4,192

60,000

OPERATING PROFIT/(LOSS)

4

1,058,588

(398,929

)

Interest receivable and similar income

28,776

33,219

1,087,364

(365,710

)

Interest payable and similar expenses

5

-

10,379

PROFIT/(LOSS) BEFORE TAXATION

1,087,364

(376,089

)

Tax on profit/(loss)

6

293,256

(72,054

)

PROFIT/(LOSS) FOR THE FINANCIAL YEAR

794,108

(304,035

)

Profit/(loss) attributable to:

Owners of the parent

794,108

(304,035

)

PROFIT/(LOSS) FOR THE YEAR

794,108

(304,035

)

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

794,108

(304,035

)

Total comprehensive income attributable to:

Owners of the parent

794,108

(304,035

)

FIXED ASSETS

Intangible assets

8

1,177,052

1,230,830

Tangible assets

9

5,340,745

5,600,123

Investments

10

-

-

6,517,797

6,830,953

CURRENT ASSETS

Stocks

11

12,985,937

11,978,116

Debtors

12

4,812,094

5,877,783

Cash at bank and in hand

345,314

637,539

18,143,345

18,493,438

CREDITORS

Amounts falling due within one year

13

(3,781,565

)

(5,227,988

)

NET CURRENT ASSETS

14,361,780

13,265,450

TOTAL ASSETS LESS CURRENT LIABILITIES

20,879,577

20,096,403

PROVISIONS FOR LIABILITIES

16

(94,574

)

(105,508

)

NET ASSETS

20,785,003

19,990,895

CAPITAL AND RESERVES

Called up share capital

17

1,000

1,000

Other reserves

18

11,000,000

11,000,000

Retained earnings

18

9,784,003

8,989,895

SHAREHOLDERS' FUNDS

20,785,003

19,990,895

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

Mr S Meuser - Director

FIXED ASSETS

Intangible assets

8

1,150,501

1,200,463

Tangible assets

9

5,070,342

5,184,103

Investments

10

1,045,001

1,045,001

7,265,844

7,429,567

CURRENT ASSETS

Stocks

11

11,072,879

10,106,616

Debtors

12

5,075,222

4,439,437

Cash at bank and in hand

134,322

373,405

16,282,423

14,919,458

CREDITORS

Amounts falling due within one year

13

(3,128,008

)

(2,744,892

)

NET CURRENT ASSETS

13,154,415

12,174,566

TOTAL ASSETS LESS CURRENT LIABILITIES

20,420,259

19,604,133

PROVISIONS FOR LIABILITIES

16

(71,036

)

(64,901

)

NET ASSETS

20,349,223

19,539,232

CAPITAL AND RESERVES

Called up share capital

17

1,000

1,000

Other reserves

18

11,000,000

11,000,000

Retained earnings

18

9,348,223

8,538,232

SHAREHOLDERS' FUNDS

20,349,223

19,539,232

Company's profit/(loss) for the financial year

809,991

(211,856

)

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

Mr S Meuser - Director

Called up

share

Retained

Other

Total

capital

earnings

reserves

equity

£

£

£

£

Balance at 1 January 2023

1,000

9,293,930

11,000,000

20,294,930

Changes in equity

Total comprehensive income

-

(304,035

)

-

(304,035

)

Balance at 31 December 2023

1,000

8,989,895

11,000,000

19,990,895

Changes in equity

Total comprehensive income

-

794,108

-

794,108

Balance at 31 December 2024

1,000

9,784,003

11,000,000

20,785,003

Called up

share

Retained

Other

Total

capital

earnings

reserves

equity

£

£

£

£

Balance at 1 January 2023

1,000

8,750,088

11,000,000

19,751,088

Changes in equity

Total comprehensive income

-

(211,856

)

-

(211,856

)

Balance at 31 December 2023

1,000

8,538,232

11,000,000

19,539,232

Changes in equity

Total comprehensive income

-

809,991

-

809,991

Balance at 31 December 2024

1,000

9,348,223

11,000,000

20,349,223

Cash flows from operating activities

Cash generated from operations

1

884,531

(380,732

)

Finance costs paid

-

(10,379

)

Tax recovered

353,306

-

Net cash from operating activities

1,237,837

(391,111

)

Cash flows from investing activities

Purchase of intangible fixed assets

(41,637

)

(341,720

)

Purchase of tangible fixed assets

(183,184

)

(438,803

)

Sale of tangible fixed assets

11,938

966,882

Interest received

28,776

33,219

Net cash from investing activities

(184,107

)

219,578

Cash flows from financing activities

Group loans

(1,345,955

)

-

Net cash from financing activities

(1,345,955

)

-

Decrease in cash and cash equivalents

(292,225

)

(171,533

)

Cash and cash equivalents at beginning of year

2

637,539

809,072

Cash and cash equivalents at end of year

2

345,314

637,539

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

2024

2023

£

£

Profit/(loss) before taxation

1,087,364

(376,089

)

Depreciation charges

537,978

530,510

Profit on disposal of fixed assets

(11,938

)

(165,056

)

Tax paid

-

(208,325

)

Finance costs

-

10,379

Finance income

(28,776

)

(33,219

)

1,584,628

(241,800

)

Increase in stocks

(1,007,821

)

(1,266,565

)

Increase in trade and other debtors

(78,744

)

(950,852

)

Increase in trade and other creditors

386,468

2,078,485

Cash generated from operations

884,531

(380,732

)

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

345,314

637,539

Year ended 31 December 2023

31.12.23

1.1.23

£

£

Cash and cash equivalents

637,539

809,072

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.24

Cash flow

At 31.12.24

£

£

£

Net cash

Cash at bank and in hand

637,539

(292,225

)

345,314

637,539

(292,225

)

345,314

Total

637,539

(292,225

)

345,314