REGISTERED NUMBER: 04675574 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 31 December 2024

for

K.D.E. Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Statement of Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Notes to the Financial Statements

12

DIRECTORS:

K Darlington

B A Darlington

M Darlington

L Darlington

REGISTERED OFFICE:

Unit 2 Priory Court

Wellfield

Preston Brook

Runcorn

Cheshire

WA7 3AZ

REGISTERED NUMBER:

04675574 (England and Wales)

AUDITORS:

Bennett Brooks & Co Limited

Chartered Accountants

& Statutory Auditors

St George's Court

Winnington Avenue

Northwich

Cheshire

CW8 4EE

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

REVIEW OF BUSINESS

Turnover for the year was £11.9m (2023: £20.0m, 18-month period, equivalent to £13.3m annualised). This represents a slight reduction compared to the prior period, which benefited from a number of one-off pieces of work not repeated in 2024.

Despite the fall in revenue, the Company improved its gross margin to 23.4% (2023: 22.9%) through a greater proportion of works delivered in-house, disciplined cost control and higher productivity. Utilisation remained high at 94% (2023: 92%), reflecting efficient workforce deployment.

Profit before taxation was £602,973 (2023: £1.17m) and net assets increased to £1.97m (2023: £1.94m). More than 20,000 jobs were completed across public sector, commercial, industrial and residential clients, maintaining a reputation for quality, technical excellence and safety.

Importantly, revenue per employee increased to £73,006 in 2024 (2023: £71,891 annualised), representing a 1.5% improvement. This highlights productivity gains achieved by delivering more works in-house and further enhancing workforce efficiency.

PRINCIPAL RISKS AND UNCERTAINTIES

The Company continues to benefit from:

- A strong balance sheet and cash flow discipline.

- Diversified client base with contracts of between 2 and 5 years.

- Certified systems under ISO9001, ISO45001 and ISO14001, with NICEIC and BAFE accreditations.

- Ongoing investment in employee wellbeing, training and retention to address labour market pressures.

The Board remains confident of delivering future growth.

FINANCIAL INSTRUMENTS

Treasury operations and financial instruments

The Company has in place a risk management programme that seeks to limit adverse effects on the financial performance of the Company by monitoring all foreseeable potential impacts.

The Company's financial instruments comprise borrowings, some cash and liquid resources and various items such as trade debtors and trade creditors, that arise directly from its operations. The main purpose of these financial instruments is to provide working capital facilities to the Company.

The Company is exposed to a variety of financial risks that include the effects of general changes in the state of the UK economy in debt market prices, credit risk, liquidity risk and interest rate risk.

Liquidity risk

The Company's policy is to finance its operations and expansion through working capital.

Interest rate risk

The Company monitors its interest rate risk primarily through rigorous cash flow forecasting and resultant limited borrowing at the best rates achievable.

Credit risk

The Company's credit risk is primarily linked to its trade debtors. The amounts presented in the balance sheet are net of any allowances for doubtful debt as estimated by the directors. The Company has no significant concentration of credit risk, with exposure spread over a wide range of client bodies.

KEY PERFORMANCE INDICATORS

The business considers the following metrics to be it's key performance indicators:

2024

2023

12 months

18 months

Trend

Revenue growth

£11.9m

£20.0m

Slightly down due to

(£13.3m annualised

)

one-offs in prior year

Gross profit margin

23.4%

22.9%

Improved

Utilisation

94%

92%

Stable/high

Revenue per employee

£73,006

£71,891

+1.5%

OTHER PERFORMANCE INDICATORS AND FUTURE DEVELOPMENTS

Looking forward, the Company has:

- Relocated in July 2025 to a new 8,500 sq ft office in Preston Brook, a modern space that reflects the Company's ambitions and provides a first-class environment for staff.

- Secured significant new contracts in 2025, strengthening the pipeline.

- Continued to prioritise quality delivery and the development of our people, ensuring investment in skills, wellbeing and long-term retention.

- Plans to expand renewables and compliance services in line with customer demand and regulation.

ON BEHALF OF THE BOARD:

L Darlington - Director

25 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 during the year was the delivery of integrated building services, specialising in electrical, plumbing, heating, and fire & security works. The Company provides compliance-driven, multi-disciplinary solutions to public-sector, commercial and residential clients, supported by a directly employed workforce of skilled engineers and a dedicated in-house support team.

DIVIDENDS

The total distribution of dividends for the year ended 31 December 2024 were £438,000.

DIRECTORS

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

K Darlington

B A Darlington

M Darlington

L Darlington

DIRECTORS' INTERESTS

The Company has indemnified 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 was in place during the year and is in force at the date of approving the financial statements.

DISCLOSURE IN THE STRATEGIC REPORT

Future developments, principal risks and uncertainties and financial instrument risks are disclosed in the Strategic Report.

The company has chosen in accordance with section 414(c) of the Companies Act 2006 (Strategic and Directors Report) Regulations 2013 to set out in the company’s Strategic Report information required by schedule 7 of the Large and Medium Sized Companies and Groups (Accounts and Reports) Regulations 2008.

GOING CONCERN

The Directors regularly review turnover, profitability and cash flows across the short, medium and longer term. In assessing the appropriateness of adopting the going concern basis in the preparation of these financial statements, the Directors have prepared cash flow forecasts and projections for the period to 31 December 2026.

Based on this, the Directors are satisfied that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the Company financial statements.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he 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.

AUDITORS

The auditors, Bennett Brooks & Co Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

L Darlington - Director

25 September 2025

Opinion

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

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 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.

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.

Based on our understanding of the company and industry, we identified that the principal risks of non-compliance with laws and regulations related to UK tax legislation and regulations which govern the preparation of financial statements, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the financial statements such as the Companies Act 2006. We evaluated management's

incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries to increase revenue, through management bias in manipulation of accounting estimates or accounting for significant transactions outside the normal course of business. Audit procedures performed included:

- Enquiry of management around actual and potential litigation and claims and instances of non-compliance with laws and regulations

- Auditing the risk of management override of controls, through testing journal entries and other adjustments for appropriateness, testing accounting estimates (because of the risk of management bias), and evaluating the business rationale of significant transactions outside the normal course of business; and

- Reviewing financial statement disclosures and agreeing to supporting documentation to assess compliance with applicable laws and regulations.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, 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 or intentional misrepresentations, or through 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.

Jason Leach FCA (Senior Statutory Auditor)

for and on behalf of Bennett Brooks & Co Limited

Chartered Accountants

& Statutory Auditors

St George's Court

Winnington Avenue

Northwich

Cheshire

CW8 4EE

25 September 2025

TURNOVER

3

11,917,783

20,027,127

Cost of sales

8,990,737

15,332,698

GROSS PROFIT

2,927,046

4,694,429

Administrative expenses

2,339,627

3,456,742

587,419

1,237,687

Other operating income

4

17,790

42,672

OPERATING PROFIT

6

605,209

1,280,359

Interest receivable and similar income

7

52,011

77,526

657,220

1,357,885

Interest payable and similar expenses

8

54,247

188,034

PROFIT BEFORE TAXATION

602,973

1,169,851

Tax on profit

9

133,187

316,698

PROFIT FOR THE FINANCIAL YEAR

469,786

853,153

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

469,786

853,153

FIXED ASSETS

Intangible assets

11

-

-

Tangible assets

12

845,581

921,404

845,581

921,404

CURRENT ASSETS

Stocks

13

45,640

69,234

Debtors: amounts falling due within one year

14

2,221,292

2,213,127

Debtors: amounts falling due after more than one year

14

2,213,311

2,174,299

Cash at bank

53,519

218,960

4,533,762

4,675,620

CREDITORS

Amounts falling due within one year

15

2,679,473

2,703,478

NET CURRENT ASSETS

1,854,289

1,972,142

TOTAL ASSETS LESS CURRENT LIABILITIES

2,699,870

2,893,546

CREDITORS

Amounts falling due after more than one year

16

(537,727

)

(734,967

)

PROVISIONS FOR LIABILITIES

20

(194,246

)

(222,468

)

NET ASSETS

1,967,897

1,936,111

CAPITAL AND RESERVES

Called up share capital

21

8,100

8,100

Capital redemption reserve

50

50

Retained earnings

1,959,747

1,927,961

SHAREHOLDERS' FUNDS

1,967,897

1,936,111

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

L Darlington - Director

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 July 2022

8,100

1,743,308

50

1,751,458

Changes in equity

Total comprehensive income

-

853,153

-

853,153

Dividends

-

(668,500

)

-

(668,500

)

Total transactions with owners, recognised directly in equity

-

(668,500

)

-

(668,500

)

Balance at 31 December 2023

8,100

1,927,961

50

1,936,111

Changes in equity

Total comprehensive income

-

469,786

-

469,786

Dividends

-

(438,000

)

-

(438,000

)

Total transactions with owners, recognised directly in equity

-

(438,000

)

-

(438,000

)

Balance at 31 December 2024

8,100

1,959,747

50

1,967,897

1.	STATUTORY INFORMATION

K.D.E Limited is a private company, limited by shares, registered and incorporated 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.

Going concern

The Directors regularly review turnover, profitability and cash flows across the short, medium and longer term. In assessing the appropriateness of adopting the going concern basis in the preparation of these financial statements, the Directors have prepared cash flow forecasts and projections for the period to 31 December 2026.

Based on this, the Directors are satisfied that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the Company financial statements.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions 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;

•

the requirement of paragraph 3.17(d);

•

the requirement of paragraph 33.7.

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.

Significant judgements and estimates

Preparation of financial statements requires the Directors to make certain judgements and estimates. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The Directors consider that in the preparation of these financial statements, there were no material judgements and estimates which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

Turnover is the amount of revenue derived from the provision of services falling within the company's ordinary activities after deduction of trade discounts and value-added tax.

Turnover is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods delivered on behalf of third party customers, net of returns, discounts and rebates allowed by the company and value added taxes.

Turnover is recognised when the service visit has been performed. The following criteria must also be met before revenue is recognised:

- the amount of revenue can be measured reliably;

- it is probably that the company will receive the consideration due under the transactions; and

- the costs incurred or to be incurred in respect of the transaction be measured reliably.

Where the consideration receivable in cash or cash equivalents is deferred, and the arrangement constitutes a financing transaction, the fair value of the consideration is measured as the present value of all future receipts using the imputed rate of interest.

Goodwill

At the time of acquisition in 2003, goodwill was estimated to have a useful life of ten years and is now fully amortised.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Improvements to property

- 2% on cost

Plant and machinery

- 25% on reducing balance

Fixtures and fittings

- 15% on reducing balance

Motor vehicles

- 25% on reducing balance

Computer equipment

- 33-50% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance 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 or deferred taxation assets and liabilities are not discounted.

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

Deferred tax

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

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

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

Hire purchase and leasing commitments

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.

Share capital

Ordinary A, Ordinary B, Ordinary C, Ordinary E and Ordinary F shares are classed as equity.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Distributions to equity holders

Dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the company's shareholders. These amounts are recognised in the statement of changes in equity.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Interest receivable/payable

Interest income and expense are recognised in the financial statements on an accrual basis using the effective interest rate (EIR) method. Interest income is recognised when it is probable that the economic benefits will flow to the entity and the amount can be reliably measured. Interest expenses on financial liabilities, are recorded as expenses in the period they accrue.

Government grants

Grants received from the government and loan interest are recognised in the profit and loss in the period in which the benefit is received.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

3.

TURNOVER

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

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

Period

1.7.22

Year Ended

to

31.12.24

31.12.23

£

£

Rendering of services

11,917,783

20,027,127

11,917,783

20,027,127

An analysis of turnover by geographical market is given below:

Period

1.7.22

Year Ended

to

31.12.24

31.12.23

£

£

United Kingdom

11,917,783

20,027,127

11,917,783

20,027,127

4.	OTHER OPERATING INCOME

Period

1.7.22

Year Ended

to

31.12.24

31.12.23

£

£

Sundry receipts

17,790

42,672

5.	EMPLOYEES AND DIRECTORS

Period

1.7.22

Year Ended

to

31.12.24

31.12.23

£

£

Wages and salaries

5,076,016

8,036,094

Social security costs

430,574

690,154

Other pension costs

106,751

157,730

5,613,341

8,883,978

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

Period

1.7.22

Year Ended

to

31.12.24

31.12.23

Admin

44

44

Production

115

137

Directors

4

4

163

185

Period

1.7.22

Year Ended

to

31.12.24

31.12.23

£

£

Directors' remuneration

57,271

78,096

Directors' pension contributions to money purchase schemes

2,107

3,135

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

Money purchase schemes

4

4

6.	OPERATING PROFIT

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

Period

1.7.22

Year Ended

to

31.12.24

31.12.23

£

£

Hire of plant & machinery

67,349

199,142

Depreciation - owned assets

70,211

186,467

Depreciation - assets on hire purchase contracts

146,215

192,468

(Profit)/loss on disposal of fixed assets

(44,288

)

73,134

Auditors' remuneration

17,000

17,000

Auditors' remuneration for non audit work

24,829

22,315

7.

INTEREST RECEIVABLE AND SIMILAR INCOME

Period

1.7.22

Year Ended

to

31.12.24

31.12.23

£

£

Deposit account interest

2,165

-

Interest received on related party debtors

49,846

77,526

52,011

77,526

8.

INTEREST PAYABLE AND SIMILAR EXPENSES

Period

1.7.22

Year Ended

to

31.12.24

31.12.23

£

£

HMRC interest

8,973

1,610

HMRC penalties

1,064

5,246

Loan interest payable

32,467

123,410

Hire purchase

11,743

57,768

54,247

188,034

9.

TAXATION

Analysis of the tax charge

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

Period

1.7.22

Year Ended

to

31.12.24

31.12.23

£

£

Current tax:

UK corporation tax

174,900

238,782

Underprovision in prior year

-

391

Overprovision in prior year

(13,491

)

-

Total current tax

161,409

239,173

Deferred tax:

Deferred tax

(22,245

)

77,525

Overprovision in prior year

(5,977

)

-

Total deferred tax

(28,222

)

77,525

Tax on profit

133,187

316,698