REGISTERED NUMBER: 04617783 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 December 2024

for

Network 2 Supplies Limited

Page

Company Information

1

Strategic Report

2

to

3

Report of the Directors

4

to

5

Report of the Independent Auditors

6

to

9

Income Statement

10

Other Comprehensive Income

11

Balance Sheet

12

to

13

Statement of Changes in Equity

14

Notes to the Financial Statements

15

to

24

DIRECTORS:

Mr J A Gomarsall

Mr A C T Gomarsall

Mr R Bolton

Mr N J Razey

Mr S Taylor

Mr R K Edwards

REGISTERED OFFICE:

Eldo House

Kempson Way

Suffolk Business Park

Bury St Edmunds

Suffolk

IP32 7AR

REGISTERED NUMBER:

04617783 (England and Wales)

SENIOR STATUTORY AUDITOR:

J Knights ACA BSc

AUDITORS:

Knights Lowe Limited

Eldo House

Kempson Way

Suffolk Business Park

Bury St Edmunds

Suffolk

IP32 7AR

BANKERS:

National Westminster Bank plc

7 Cornhill

Bury St Edmunds

Suffolk

IP33 1BQ

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

1. Business Overview

Network 2 Supplies Limited ("n2s") is an industry leader in IT Lifecycle Management with specialist expertise in the sustainability, security and compliance challenges associated with technology. The company's mission is to redefine the lifecycle of technology pioneering innovations such as in precious metal recovery to achieve circularity in the IT and telecoms sectors. n2s is the first technology lifecycle management provider with expertise in decarbonisation to truly empower SME and large enterprise businesses to deliver and report on their IT sustainability goals.

2. Objectives and Strategy

Company Objectives:

- To drive revenues and significantly increase financial profitability over the next three years.

- To work in collaboration with strategic partners to supply products and materials for sustainable

recycling development projects

- To develop the recycling capabilities of its facility based in the Midlands

- To implement manageable value streams to determine the strengths and weaknesses of the business

Company Strategy:

To achieve these objectives, n2s is:

- Strengthening its marketing position by employing an agency to undertake this on its behalf

- ncreasing the manpower deployed in the facility based in the Midlands to increase output

- Enhancing customer support and post-sale engagement through a new CRM system and the introduction of

a Customer Operations team

REVIEW OF BUSINESS

Performance Summary:

Revenues reduced slightly to £12.8 million in 2024, compared to £13.0 million in 2023, driven primarily by a lack of significant one-off high revenue projects that were seen in previous years, ultimately resulting in an Operating Loss of £156.2k in 2024 compared to an Operating Profit of £224.9k achieved in 2023.

Key Performance Indicators (KPIs):

- Revenue growth: (-2%)

- Gross profit margin: 38%

- Customer retention rate: 86%

- New business: 7%

PRINCIPAL RISKS AND UNCERTAINTIES

Principal Risks and Uncertainties

Risk

Description

Mitigation

Supply Chain Disruption

Increased lead times for international deliveries

Increased upfront payment and improved insurance policy

Regulatory Changes

Environment Agency permit issuance

Work closely with local authorities to ensure compliance

Cybersecurity

Data breaches or ransomware attacks

Upgraded IT systems, regular staff training, external audits

Environmental, Social and Governance (ESG)

Environmental:

The company reduced its carbon emissions year-on-year by switching to renewable energy at all its facilities.

Social:

The company introduced a new employee wellness programme, including mental health support, and in addition partnered with its customers on environmental awareness initiatives.

Governance:

The company's board of directors was enhanced in the second half of 2024 with the introduction of a new Chairman and non-executive director strengthening oversight and strategic decision-making.

Future Outlook

The company anticipates growth in the data centre decommissioning sector and will focus its sales and marketing teams in securing business in this area. Expansion of its facility in the Midlands has enabled floorspace in its Bury St Edmunds facility to be freed up for further revenue generating opportunities.

Investments planned for 2025 include upgrading of site security and stock management systems throughout the business.

SECTION 172(1) STATEMENT

The directors of Network 2 Supplies Limited have acted in good faith to promote the success of the company for the benefit of its members, and in doing so have considered:

Long-term impact: All major decisions, including investment in automation and expansion, are assessed

for long-term financial and environmental sustainability.

Employees: Regular town-hall meetings and anonymous surveys are used to engage employees and shape

HR policy.

Business relationships: Strategic partnerships with key customers are nurtured through quarterly reviews

and shared KPIs.

High standards of conduct: Regular review and update of Code of Conduct and whistleblowing policies.

ON BEHALF OF THE BOARD:

Mr R Bolton - Director

26 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 activities of the company in the year under review were those of the provision of IT and telecommunications services, in particular the recycling of metal waste and related environmental services.

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 J A Gomarsall

Mr A C T Gomarsall

Mr R Bolton

Mr N J Razey

Mr S Taylor

Other changes in directors holding office are as follows:

Mrs K Sparkes - resigned 7 August 2024

Mr S Morris - resigned 25 January 2024

Mr J G Bates - appointed 25 January 2024 - resigned 5 November 2024

Mr R K Edwards - appointed 28 November 2024

POLITICAL DONATIONS AND EXPENDITURE

There were no political donations during the year.

DIRECTORS' RESPONSIBILITIES STATEMENT

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.

AUDITORS

The auditors, Knights Lowe Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr R Bolton - Director

26 September 2025

Opinion

We have audited the financial statements of Network 2 Supplies Limited (the 'company') for the year ended 31 December 2024 which comprise the Income Statement, Other 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 December 2024 and of its loss 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 Directors' Responsibilities Statement 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:

- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the companies operating sector;

- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation;

- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

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;

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

To address the risk of fraud through management bias and override of controls, we:

- 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;

- investigated the rationale behind significant or unusual transactions; and

- specifically tested the used stock valuation including the used stock write-down provision, maintenance contracts, and the buy-back provision. These are areas requiring some level of management judgement and so could be susceptible to management bias.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation;

- reading the minutes of meetings of those charged with governance;

- enquiring of management as to actual and potential litigation and claims;

- reviewing correspondence with HMRC, relevant regulators [Scania for franchise purposes] and the company's legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

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.

J Knights ACA BSc (Senior Statutory Auditor)

for and on behalf of Knights Lowe Limited

Eldo House

Kempson Way

Suffolk Business Park

Bury St Edmunds

Suffolk

IP32 7AR

26 September 2025

TURNOVER

3

12,791,566

13,042,099

Cost of sales

7,905,206

7,704,581

GROSS PROFIT

4,886,360

5,337,518

Exceptional Items

160,376

-

Administrative expenses

5,010,970

5,145,770

5,171,346

5,145,770

(284,986

)

191,748

Other operating income

128,697

33,168

OPERATING (LOSS)/PROFIT

5

(156,289

)

224,916

Interest receivable and similar income

-

(17

)

(156,289

)

224,899

Interest payable and similar expenses

7

71,045

24,193

(LOSS)/PROFIT BEFORE TAXATION

(227,334

)

200,706

Tax on (loss)/profit

8

(39,911

)

41,419

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(187,423

)

159,287

(LOSS)/PROFIT FOR THE YEAR

(187,423

)

159,287

Other comprehensive income

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(187,423

)

159,287

FIXED ASSETS

Tangible assets

9

1,193,817

1,155,939

CURRENT ASSETS

Stocks

10

213,076

213,775

Debtors

11

2,972,639

2,602,642

Cash at bank and in hand

345,986

640,400

3,531,701

3,456,817

CREDITORS

Amounts falling due within one year

12

3,175,270

2,732,041

NET CURRENT ASSETS

356,431

724,776

TOTAL ASSETS LESS CURRENT LIABILITIES

1,550,248

1,880,715

CREDITORS

Amounts falling due after more than one year

13

(57,119

)

(160,252

)

PROVISIONS FOR LIABILITIES

16

(198,729

)

(238,640

)

NET ASSETS

1,294,400

1,481,823

CAPITAL AND RESERVES

Called up share capital

17

10

10

Retained earnings

18

1,294,390

1,481,813

SHAREHOLDERS' FUNDS

1,294,400

1,481,823

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

Mr R Bolton - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2023

10

1,322,526

1,322,536

Changes in equity

Total comprehensive income

-

159,287

159,287

Balance at 31 December 2023

10

1,481,813

1,481,823

Changes in equity

Total comprehensive income

-

(187,423

)

(187,423

)

Balance at 31 December 2024

10

1,294,390

1,294,400

1.	STATUTORY INFORMATION

Network 2 Supplies 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents the sales value of work completed at the balance sheet date excluding VAT. The Company's contractual obligations are performed over time therefore revenue is recognised as the contract activity progresses to reflect the Company's partial performance of its contractual obligations. Revenue is calculated by reference to the value of work performed.

Tangible fixed assets

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Leasehold property costs

-

10% on cost

Plant and machinery

-

10 - 25% on reducing balance

Equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

There are three different types of stock the company hold valued as follows:

Scrap Materials

This is weighed at year-end and a conservative scrap material price is used based on the current London Metal Exchange prices.

Resale Stock

This is second hand computer equipment for resale. The second hand computer equipment market can have variable prices due to demand and management use their judgement to set an estimated sales prices based on market conditions as at the year-end date. Then 25% of this is taken as the deemed purchase price for stock which is generally obtained from site clearances.

Any purchased stock is shown at the lower of cost and net realisable value.

Any items which become obsolete due to advances in technology are written down on a quarterly basis.

Work In Progress

This is resale stock from site clearances yet to pass testing to ensure it is of an acceptable standard for resale. Management will still use their judgement to set an estimated sales price based on market conditions as at the year-end date. Then 25% of this is taken as the deemed purchase price.

Stock which passes testing will go into resale stock and the deemed purchase price increased to 60% of estimated sales price. Stock which is not of an acceptable standard for resale will be scrapped for minimal value.

Taxation

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

Current or deferred taxation assets and liabilities are not discounted.

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

Deferred tax

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

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

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

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.

Hire purchase and leasing commitments

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

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

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

Pension costs and other post-retirement benefits

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

Government grants

Government grants in respect of capital expenditure are credited to the profit and loss account over the estimated useful life of the relevant fixed assets. The grants shown in the balance sheet represent the total grants receivable to date less the amount so far credited to the profit and loss account.The grants are conditional and in certain circumstances repayment of all or part of the grant may be required.

Grants of a revenue nature are credited to the profit and loss account in the accounting period in which they are receivable. If they relate to future periods an appropriate amount is deferred to future periods.

Going concern

The financial statements have been prepared on a going concern basis. The Directors acknowledge that a loss has been incurred in the year, however the company's forecasts and projections, taking account of reasonably possible changes in trading performance, show that the company should be able to manage its business risk successfully. After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being a period of at least 12 months from the date of signing these financial statements. Therefore, the company continues to adopt the going concern basis in preparing its financial statements.

3.

TURNOVER

The turnover and loss (2023 - profit) before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

2024

2023

£

£

UK

10,361,169

10,824,942

EC

383,747

1,173,789

Rest of World

2,046,650

1,043,368

12,791,566

13,042,099

4.	EMPLOYEES AND DIRECTORS

2024

2023

£

£

Wages and salaries

3,992,190

3,919,646

Social security costs

411,944

395,379

Other pension costs

184,901

147,106

4,589,035

4,462,131

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

2024

2023

Direct

75

76

Sales

4

3

Administration and management

36

35

115

114

2024

2023

£

£

Directors' remuneration

572,900

544,930

Directors' pension contributions to money purchase schemes

54,026

37,331

Information regarding the highest paid director is as follows:

2024

2023

£

£

Emoluments etc

200,077

155,000

Pension contributions to money purchase schemes

10,677

2,202

5.	OPERATING (LOSS)/PROFIT

The operating loss (2023 - operating profit) is stated after charging/(crediting):

2024

2023

£

£

Hire of plant and machinery

7,568

10,564

Other operating leases

766,862

751,639

Depreciation - owned assets

192,483

164,303

Depreciation - assets on hire purchase contracts

101,686

130,036

Profit on disposal of fixed assets

(8,549

)

(5,423

)

Auditors' remuneration

26,731

9,490

Foreign exchange differences

(1,323

)

8,540

6.	EXCEPTIONAL ITEMS

The exceptional items disclosed relate to severance payments made in the year.

7.

INTEREST PAYABLE AND SIMILAR EXPENSES

2024

2023

£

£

Other interest

51,354

4,994

Hire and lease purchase

interest

19,691

19,199

71,045

24,193

8.

TAXATION

Analysis of the tax (credit)/charge

The tax (credit)/charge on the loss for the year was as follows:

2024

2023

£

£

Deferred tax

(39,911

)

41,419

Tax on (loss)/profit

(39,911

)

41,419

UK corporation tax has been charged at 25% (2023 - 25%).

9.	TANGIBLE FIXED ASSETS

Leasehold

property

Plant and

Motor

costs

machinery

Equipment

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

268,316

1,025,871

94,600

881,433

2,270,220

Additions

123,498

95,200

106,324

33,000

358,022

Disposals

-

(44,814

)

-

(69,135

)

(113,949

)

At 31 December 2024

391,814

1,076,257

200,924

845,298

2,514,293

DEPRECIATION

At 1 January 2024

61,788

575,966

41,499

435,028

1,114,281

Charge for year

27,400

125,874

23,632

117,263

294,169

Eliminated on disposal

-

(28,539

)

-

(59,435

)

(87,974

)

At 31 December 2024

89,188

673,301

65,131

492,856

1,320,476

NET BOOK VALUE

At 31 December 2024

302,626

402,956

135,793

352,442

1,193,817

At 31 December 2023

206,528

449,905

53,101

446,405

1,155,939