REGISTERED NUMBER: 03989635 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MOTO GB LTD

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Statement of Comprehensive Income

10

Balance Sheet

11

Statement of Changes in Equity

12

Cash Flow Statement

13

Notes to the Cash Flow Statement

14

Notes to the Financial Statements

16

DIRECTORS:

Mrs E Mason

L J Mason

SECRETARY:

G Davies

REGISTERED OFFICE:

White Bear Yard

Park Road

Adlington

Chorley

Lancashire

PR7 4HZ

REGISTERED NUMBER:

03989635 (England and Wales)

AUDITORS:

Fairhurst Audit Services Ltd

Statutory Auditor

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

BANKERS:

Yorkshire Bank plc

3 Orchard Street

Preston

PR1 2EN

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

REVIEW OF BUSINESS

The company has recorded sales in excess of £51million and operating profits of £1.9million for the year 2024, which is pleasing in the current economic environment, as people continue to reprioritise their spending habits.

Moto GB is able to offer a range of new and used motorcycles from all the leading manufacturers and offer a wide range of services from finance, MOT and servicing, parts and accessories, along with delivery and collection options.

We continue to offer our discerning customers value for money and customer satisfaction and hopefully keep a strong position within our marketplace and continue to improve our website thus enabling us to give our potential customers a competitive price and strive to give a positive and informative overall sales experience.

We will always be fully committed to providing our customers with the best and ultimate motorcycling experience. We are appreciative and grateful for our loyal customers support and we hope to keep our standards high to give our customers the service they deserve.

We also continue to have good working relationships with our suppliers and we are adding to the number of make and models we sell, to give the public a more varied choice that may also help to accommodate their budget at a time when household costs continue to rise.

Results in 2025 have been positive, with a number of new brands to the UK boosting sales and profitability.

Key Performance Indicators

2024

2023

£'000

£'000

Turnover

51,567

59,482

Gross profit

9,324

11,763

Gross margin (%)

18%

20%

Operating profit

1,902

4,013

EBITDA

2,327

4,173

Net assets

30,264

28,747

PRINCIPAL RISKS AND UNCERTAINTIES

The principal financial risks and uncertainties associated with the company's ability to monitor and manage:

Cashflow

The company has certain transactions in foreign currencies but is not exposed to any material risks relating to exchange fluctuations. The company has a shared bank facility with fellow subsidiary companies operating within the agreed facility. The company's exposure to interest rate movements is not considered material and hence it is not believed to be necessary to hedge against rates.

Credit Risk

The company's principal financial asset is in stock. The credit risk is limited by an exposure to a number of major customers on whom either credit reports are obtained or whose annual accounts are regularly reviewed. Supplier terms are reviewed regularly, so as to take advantage of price and exchange rates, where appropriate.

Liquidity Risk

The cash facilities available to the company have been compared to their likely credit requirements over the next 12 months, from the date of signing these financial statements and are deemed to be adequate.

Price Risk

The company is exposed to a price risk arising on its bike purchases; we constantly monitor the markets, both at home and abroad, to ensure our buying and selling price structures are well managed and competitive.

SECTION 172(1) STATEMENT

The directors consider, both individually and together, that they have acted in the way they consider, in good faith, would be most likely to promote the success of the company for the benefit of its members as a whole (having regard to the stakeholders and the matters set out in s172(1)(a-f) of the Companies Act 2006) in the decisions taken in the year ended 31 December 2024.

Customer engagement and satisfaction is at the heart of everything we do and any decision made by the directors is made with full consideration of the impact on the company's customers.

The company has a small number of key supplier partners with which directors and senior management maintain close relationships on an ongoing basis through regular dialogue, formal meetings and conferences.

The directors seek to promote a culture of environmental sustainability within the business which primarily focuses on an energy efficient approach to the design and management of our warehouse and shops. This includes fitting out our shops with mechanical and electrical systems that comply with government energy saving schemes, central timing controls and installing LED energy saving lighting.

ON BEHALF OF THE BOARD:

L J Mason - Director

29 September 2025

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of wholesale and retail distributor of motorcycles and accessories.

DIVIDENDS

The total distribution of dividends for the year ended 31 December 2024 is £Nil (2023 - £Nil) and it is proposed that the retained profit of £1,517,342 (2023 - £2,924,330) be taken to reserves.

DIRECTORS

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

Mrs E Mason

L J Mason

BUSINESS RELATIONSHIPS

Business relationships are discussed within the Strategic Report on page 3, in accordance with the provisions of s172(1)(c) of the Companies Act 2006.

STREAMLINED ENERGY AND CARBON REPORTING

The company is exempt from disclosing this information, being part of a group which prepares this

information on a consolidated basis.

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), 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 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;

-	state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

ON BEHALF OF THE BOARD:

L J Mason - Director

29 September 2025

Opinion

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

In our opinion the financial statements:

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

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

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

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

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

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Matters on which we are required to report by exception

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

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.

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

- we identified the laws and regulations applicable to the company through discussions with directors and other management, focusing on those that had a direct effect on the financial statements or that had a fundamental effect on it's operations. Key laws and regulations that we identified included the UK Companies Act, tax legislation, employment legislation and Health and Safety regulations.

- we enquired of the directors and reviewed correspondence with HMRC for evidence of non-compliance with laws and regulations. We also reviewed controls the directors have in place to ensure compliance.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

- performed analytical procedures to identify any unusual or unexpected relationships;

- tested journal entries to identify unusual transactions;

- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias.

- we reviewed financial statements disclosures and tested to supporting documentation to assess compliance with relevant laws and regulations discussed above;

- we enquired of the directors about actual and potential litigation and claims.

Due to inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing fraud or non-compliance with laws and regulations and cannot be expected to detect all fraud and non-compliance with laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

John B S Fairhurst BA(Hons) FCA (Senior Statutory Auditor)

for and on behalf of Fairhurst Audit Services Ltd

Statutory Auditor

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

29 September 2025

TURNOVER

51,567,271

59,481,939

Cost of sales

42,243,344

47,718,621

GROSS PROFIT

9,323,927

11,763,318

Administrative expenses

7,641,855

7,988,605

1,682,072

3,774,713

Other operating income

220,159

238,536

OPERATING PROFIT

1,902,231

4,013,249

Interest receivable and similar income

170,847

-

2,073,078

4,013,249

Interest payable and similar expenses

4

48,818

140,515

PROFIT BEFORE TAXATION

5

2,024,260

3,872,734

Tax on profit

6

506,613

948,404

PROFIT FOR THE FINANCIAL YEAR

1,517,647

2,924,330

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,517,647

2,924,330

FIXED ASSETS

Tangible assets

7

1,245,357

1,303,030

CURRENT ASSETS

Stocks

8

28,075,577

31,416,931

Debtors

9

9,869,080

10,538,212

Cash at bank and in hand

3,526,160

110,898

41,470,817

42,066,041

CREDITORS

Amounts falling due within one year

10

12,440,135

14,587,513

NET CURRENT ASSETS

29,030,682

27,478,528

TOTAL ASSETS LESS CURRENT LIABILITIES

30,276,039

28,781,558

PROVISIONS FOR LIABILITIES

13

11,430

34,596

NET ASSETS

30,264,609

28,746,962

CAPITAL AND RESERVES

Called up share capital

14

1,000

1,000

Retained earnings

15

30,263,609

28,745,962

SHAREHOLDERS' FUNDS

30,264,609

28,746,962

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

L J Mason - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2023

1,000

25,821,632

25,822,632

Changes in equity

Total comprehensive income

-

2,924,330

2,924,330

Balance at 31 December 2023

1,000

28,745,962

28,746,962

Changes in equity

Total comprehensive income

-

1,517,647

1,517,647

Balance at 31 December 2024

1,000

30,263,609

30,264,609

Cash flows from operating activities

Cash generated from operations

1

4,758,803

12,244,166

Interest paid

(48,818

)

(140,515

)

Tax paid

(1,307,831

)

(2,815,138

)

Net cash from operating activities

3,402,154

9,288,513

Cash flows from investing activities

Purchase of tangible fixed assets

(79,393

)

(221,204

)

Sale of tangible fixed assets

23,436

33,450

Interest received

170,847

-

Net cash from investing activities

114,890

(187,754

)

Cash flows from financing activities

New loans in year

(502,013

)

-

Movement in intercompany loans

1,273,309

(3,309,881

)

Movement in related party loans

-

(337,349

)

Net cash from financing activities

771,296

(3,647,230

)

Increase in cash and cash equivalents

4,288,340

5,453,529

Cash and cash equivalents at beginning of year

2

(762,180

)

(6,215,709

)

Cash and cash equivalents at end of year

2

3,526,160

(762,180

)

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

2024

2023

£

£

Profit before taxation

2,024,260

3,872,734

Depreciation charges

119,019

170,803

Profit on disposal of fixed assets

(5,389

)

(11,094

)

Finance costs

48,818

140,515

Finance income

(170,847

)

-

2,015,861

4,172,958

Decrease/(increase) in stocks

3,341,354

(3,475,456

)

Decrease in trade and other debtors

940,040

7,665,329

(Decrease)/increase in trade and other creditors

(1,538,452

)

3,881,335

Cash generated from operations

4,758,803

12,244,166

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

3,526,160

110,898

Bank overdrafts

-

(873,078

)

3,526,160

(762,180

)

Year ended 31 December 2023

31/12/23

1/1/23

£

£

Cash and cash equivalents

110,898

15,234

Bank overdrafts

(873,078

)

(6,230,943

)

(762,180

)

(6,215,709

)

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

At 1/1/24

Cash flow

At 31/12/24

£

£

£

Net cash

Cash at bank and in hand

110,898

3,415,262

3,526,160

Bank overdrafts

(873,078

)

873,078

-

(762,180

)

4,288,340

3,526,160

Total

(762,180

)

4,288,340

3,526,160

1.	STATUTORY INFORMATION

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Significant judgements and estimates

Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made include:

(a) Stock provision

Stock provisions have been estimated by senior management where the anticipated net realisable value of stock items is lower than cost. Net realisable value has been determined by considering the stock items current and expected sales value, overall stock quantity and sales volume.

(b) Useful economic lives

The useful economic lives of fixed assets are assessed on an annual basis based on the latest available information. Management believe that the useful economic lives being used currently are still appropriate.

Turnover

Turnover represents the fair value of income received from the sale of new and used motor bikes for retail to the general public and wholesale to other companies, excluding discounts and value added tax.

Finance commission is received monthly based on the volume of bikes sold.

The company recognises revenue when the goods have been delivered and the title of goods has passed.

Tangible fixed assets

Tangible fixed assets are measured at cost less depreciation and any impairment.

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

Freehold property - 2% on cost

Plant and machinery - 25% on reducing balance

Fixtures and fittings - 20% on cost

Motor vehicles - 20% on cost

Computer equipment - 20% on cost

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset in prior periods. A reversal of an impairment loss is recognised immediately in the profit or loss.

Stocks

Stocks are stated at the lower of cost and selling price after any provision for obsolete and slow moving items.

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 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leases

Rentals payable under operating leases are charged to the profit or loss on a straight-line basis over the lease term. The aggregate benefit of lease incentives are recognised as a reduction to the expense recognised over the lease term on a straight line basis.

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.

Financial instruments

Short term trade debtors and trade creditors are measured at the transaction price. Other financial assets and liabilities, including related party loans shall be measured at amortised cost using the effective interest rate. Financial assets and liabilities that have no stated interest rate and are payable within one year shall be measured at the undiscounted amount due.

3.	EMPLOYEES AND DIRECTORS

2024

2023

£

£

Wages and salaries

4,373,673

4,528,003

Social security costs

406,175

415,156

Other pension costs

131,810

258,812

4,911,658

5,201,971

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

2024

2023

Sales and administration

150

153

2024

2023

£

£

Directors' remuneration

-

-

Directors' pension contributions to money purchase schemes

-

80,000

4.

INTEREST PAYABLE AND SIMILAR EXPENSES

2024

2023

£

£

Bank interest

35,002

152,728

Interest on tax paid

13,816

(12,213

)

48,818

140,515

5.	PROFIT BEFORE TAXATION

The profit is stated after charging/(crediting):

2024

2023

£

£

Other operating leases

554,933

336,000

Depreciation - owned assets

119,019

170,803

Profit on disposal of fixed assets

(5,389

)

(11,094

)

Auditors' remuneration

36,250

31,000

6.

TAXATION

Analysis of the tax charge

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

2024

2023

£

£

Current tax:

UK corporation tax

529,939

947,943

(Over)/under provision in prior year

(160

)

(17,946

)

Total current tax

529,779

929,997

Deferred tax - current year

(23,166

)

18,407

Tax on profit

506,613

948,404

Reconciliation of total tax charge included in profit and loss

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

2024

2023

£

£

Profit before tax

2,024,260

3,872,734

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2023 - 23.520%)

506,065

910,867

Effects of:

Expenses not deductible for tax purposes

213

24,430

Adjustments to tax charge in respect of previous periods

-

72,026

Fixed asset differences

801

(3,333

)

Adjustments to tax charge in respect of previous periods - deferred tax

(161

)

(89,972

)

Group relief surrendered/(claimed)

(305

)

-

Remeasurement of deferred tax for changes in tax rates

-

(1,006

)

Movement in deferred tax not recognised

-

35,408

Other tax adjustments, reliefs and transfers

-

(16

)

Total tax charge

506,613

948,404

7.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

1,016,657

218,080

63,244

Additions

-

1

-

Disposals

-

-

-

At 31 December 2024

1,016,657

218,081

63,244

DEPRECIATION

At 1 January 2024

72,065

113,509

63,244

Charge for year

3,202

26,398

-

Eliminated on disposal

-

-

-

At 31 December 2024

75,267

139,907

63,244

NET BOOK VALUE

At 31 December 2024

941,390

78,174

-

At 31 December 2023

944,592

104,571

-

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

594,840

30,867

1,923,688

Additions

79,392

-

79,393

Disposals

(68,247

)

-

(68,247

)

At 31 December 2024

605,985

30,867

1,934,834

DEPRECIATION

At 1 January 2024

340,973

30,867

620,658

Charge for year

89,419

-

119,019

Eliminated on disposal

(50,200

)

-

(50,200

)

At 31 December 2024

380,192

30,867

689,477

NET BOOK VALUE

At 31 December 2024

225,793

-

1,245,357

At 31 December 2023

253,867

-

1,303,030

8.

STOCKS

2024

2023

£

£

Goods for resale

28,075,577

31,416,931