REGISTERED NUMBER: 06079942 (England and Wales)

Everard Group Limited

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 30th September 2024

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Statement of Comprehensive Income

8

Balance Sheet

9

Statement of Changes in Equity

10

Notes to the Financial Statements

11

DIRECTORS:

J D Everard

N J Everard

N Sparks

REGISTERED OFFICE:

Unit 1

Technology Close

Green Park Road

Newport

East Yorkshire

HU15 2FX

REGISTERED NUMBER:

06079942 (England and Wales)

AUDITORS:

Smailes Goldie

Chartered Accountants

Statutory Auditor

Regent's Court

Princess Street

Hull

East Yorkshire HU2 8BA

The directors present their strategic report for the year ended 30th September 2024.

REVIEW OF BUSINESS

The directors are pleased with the company's performance for the period ending 30 September 2024. Turnover has increased to £27,371,080 (2023 £23,382,076) generating profit before taxation of £3,034,756 (2023 £1,670,973).

The company continues to grow by providing a complete service from design to installation, service and maintenance along with adopting and taking advantage of new technologies.

Continued significant investment to enhance internally developed software, which is being utilised by many customer sites to assist in the management of their workshop equipment, is expected to drive further operational efficiencies and customer satisfaction. Improvements to the infrastructure are also ongoing including a large warehouse extension completed in 2025 to support further growth via efficiency gains and additional capacity for a broader range of products to support customer demand. Investment in training for new and existing staff continues with time allocated to share knowledge and experience.

FINANCIAL KEY PERFORMANCE INDICATORS

Weekly KPIs are prepared and reviewed by the directors and senior management team. Various aspects of sales and liquidity are the main focus along with a range of non-financial KPIs. This is expanded further as part of a detailed periodic management report. The directors are involved in the day to day activities of the company which also allows them to monitor performance.

PRINCIPAL RISKS AND UNCERTAINTIES

Foreign currency fluctuations are a financial risk to the company and although closely monitored provide a level of uncertainty over the short and medium term.

Inflation, interest rates and general economic conditions add further financial risk. Internal controls are in place to manage credit risk with regular monitoring of customers financial position and stringent credit control procedures.

Forecasting models are updated and reviewed on a regular basis and the directors are confident of maintaining financial security and a strong balance sheet. The directors regularly review the company's liquidity and cash flow forecasts to ensure any financial risk can be managed and action taken as required.

FUTURE DEVELOPMENTS

The company continues to review and develop its internal systems and ways of working to improve efficiencies and ensure its high standards are maintained. Staff retention and recruitment helps expand the knowledge and experience within the company.

.

ON BEHALF OF THE BOARD:

J D Everard - Director

15th September 2025

The directors present their report with the financial statements of the company for the year ended 30th September 2024.

DIVIDENDS

The total distribution of dividends for the period ended 30th September 2024 will be £706,471.

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS

The directors shown below have held office during the whole of the period from 1st October 2023 to the date of this report.

J D Everard

N J Everard

N Sparks

The company has made qualifying third party indemnity provisions for the benefit of its directors during the year. These provisions remain in force at the reporting date.

DISCLOSURE IN THE STRATEGIC REPORT

Disclosures required relating to future developments are set out in the Strategic Report in accordance with s.414C(11) of the Companies Act 2006.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

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

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

-	select suitable accounting policies and then apply them consistently;

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

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

AUDITORS

The auditors, Smailes Goldie, will be proposed for re-appointment in accordance with section 485 of the Companies Act 2006.

ON BEHALF OF THE BOARD:

J D Everard - Director

15th September 2025

Opinion

We have audited the financial statements of Everard Group Limited (the 'company') for the year ended 30th September 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 30th September 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 three, 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:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was 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, tax legislation, data protection, anti-bribery, employment, environmental and health and safety legislation. An understanding of these laws and regulations and the extent of compliance was obtained through discussion with management and inspecting legal and regulatory correspondence.

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 and 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 or evidence of management override;

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

- investigated the rationale behind significant or unusual transactions.

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;

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

- reviewing correspondence with relevant regulators and the company's legal advisors.

Due to the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. 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.

The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission, or misrepresentation.

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

Use of our report

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

Jamie Chilcott ACA (Senior Statutory Auditor)

for and on behalf of Smailes Goldie

Chartered Accountants

Statutory Auditor

Regent's Court

Princess Street

Hull

East Yorkshire HU2 8BA

17th September 2025

TURNOVER

3

27,371,080

23,382,076

Cost of sales

19,958,653

18,147,491

GROSS PROFIT

7,412,427

5,234,585

Administrative expenses

4,242,623

3,453,057

OPERATING PROFIT

5

3,169,804

1,781,528

Interest receivable and similar income

11,959

2

3,181,763

1,781,530

Interest payable and similar expenses

6

147,007

110,557

PROFIT BEFORE TAXATION

3,034,756

1,670,973

Tax on profit

7

766,554

382,677

PROFIT FOR THE FINANCIAL YEAR

2,268,202

1,288,296

FIXED ASSETS

Intangible assets

9

-

-

Tangible assets

10

3,767,914

3,241,447

3,767,914

3,241,447

CURRENT ASSETS

Stocks

11

3,883,853

3,243,042

Debtors

12

5,084,523

5,095,728

Cash at bank and in hand

2,957,927

1,855,654

11,926,303

10,194,424

CREDITORS

Amounts falling due within one year

13

6,486,777

6,067,532

NET CURRENT ASSETS

5,439,526

4,126,892

TOTAL ASSETS LESS CURRENT LIABILITIES

9,207,440

7,368,339

CREDITORS

Amounts falling due after more than one year

14

(1,674,739

)

(1,516,645

)

PROVISIONS FOR LIABILITIES

18

(524,244

)

(404,968

)

NET ASSETS

7,008,457

5,446,726

CAPITAL AND RESERVES

Called up share capital

19

100

100

Retained earnings

20

7,008,357

5,446,626

SHAREHOLDERS' FUNDS

7,008,457

5,446,726

The financial statements were approved by the Board of Directors and authorised for issue on 15th September 2025 and were signed on its behalf by:

J D Everard - Director

N Sparks - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1st October 2022

100

4,850,777

4,850,877

Changes in equity

Dividends

-

(692,447

)

(692,447

)

Total comprehensive income

-

1,288,296

1,288,296

Balance at 30th September 2023

100

5,446,626

5,446,726

Changes in equity

Dividends

-

(706,471

)

(706,471

)

Total comprehensive income

-

2,268,202

2,268,202

Balance at 30th September 2024

100

7,008,357

7,008,457

1.	STATUTORY INFORMATION

Everard Group Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the company information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 The financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods and services

Turnover from the sale of garage equipment is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from long term contracts including servicing and installation of garage equipment is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured as a percentage of total anticipated costs. Revenue recognised in excess of amounts invoiced on account is included within debtors as accrued income and amounts recoverable on contract. Amounts invoiced in excess of revenue recognised are included within creditors as payments on account.

Profit on long term contracts is recognised when the outcome of contracts can be assessed with reasonable certainty and is that amount which is estimated to fairly reflect the profit arising up to the accounting date. Profit on long term contracts is recognised in the profit and loss account as the difference between the reported turnover and related costs.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes those costs that are directly attributable to making the asset capable of operating as intended. 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.

Freehold property

- 2% on cost

Plant and machinery

- Straight line over 4 years

Motor vehicles

- Straight line over 4 years

Computer equipment

- Straight line over 3 years

Stocks and work in progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Work in progress is stated at cost, net of amounts transferred to cost of sales as part of the stage of completion of long term contracts. Cost consists of direct materials, direct labour and appropriate related overheads.

Financial instruments

The Company mainly enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade, other accounts receivable and payable and loans from related parties.

Debt instruments with no stated interest rate that are payable or receivable within one year, typically

trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Debt instruments such as loans, borrowings and other accounts receivable and payable over more

than one year are initially measured at the transaction price including transaction cost. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Where material to the financial statements, derivative financial instruments are initially measured at fair value at the date on which a derivative contract is entered into and are subsequently measured at fair value through profit or loss.

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.

Foreign currencies

Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.

Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

Hire purchase and leasing commitments

Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Employee benefits

When employees have rendered service to the company, short term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operated a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3.

TURNOVER

Turnover is attributable to the principal activities of the company, being the supply and installation of garage equipment wholly within the UK.

4.	EMPLOYEES AND DIRECTORS

2024

2023

£

£

Wages and salaries

6,017,737

5,126,475

Social security costs

596,590

507,252

Other pension costs

192,363

158,875

6,806,690

5,792,602

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

2024

2023

Management and administration

68

58

Operational

88

76

156

134

2024

2023

£

£

Directors' remuneration

130,418

127,675

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

Money purchase schemes

1

1

5.	OPERATING PROFIT

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

2024

2023

£

£

Depreciation - owned assets

176,967

149,763

Depreciation - assets on hire purchase contracts

430,542

318,100

Profit on disposal of fixed assets

(73,034

)

(71,888

)

Foreign exchange differences

(36,426

)

(3,649

)

Auditors remuneration

15,000

13,500

Hire of plant and machinery

413,604

399,002

Impairment of stock and work in progress

197,912

30,161

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2024

2023

£

£

Bank and similar interest

63,642

64,926

Other interest

1,458

2,219

Hire purchase

81,907

43,412

147,007

110,557

7.

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

647,338

220,233

Deferred tax

119,216

162,444

Tax on profit

766,554

382,677

UK corporation tax has been charged at 25% (2023 - 22%).

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

3,034,756

1,670,973

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2023 - 22%)

758,689

367,614

Effects of:

Expenses not deductible for tax purposes

10,159

6,275

previous period

Group relief

(2,294

)

-

Change in rate of tax

-

28,503

Enhanced capital allowances

-

(19,715

)

Total tax charge

766,554

382,677

8.

DIVIDENDS

2024

2023

£

£

Ordinary shares of £1 each

Interim

706,471

692,447

9.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st October 2023

and 30th September 2024

15,000

AMORTISATION

At 1st October 2023

and 30th September 2024

15,000

NET BOOK VALUE

At 30th September 2024

-

At 30th September 2023

-

10.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1st October 2023

1,912,669

252,793

77,281

Additions

123,731

52,495

54,806

Disposals

-

(8,154

)

-

At 30th September 2024

2,036,400

297,134

132,087

DEPRECIATION

At 1st October 2023

228,477

135,294

62,440

Charge for year

30,832

45,633

14,020

Eliminated on disposal

-

(8,154

)

-

At 30th September 2024

259,309

172,773

76,460

NET BOOK VALUE

At 30th September 2024

1,777,091

124,361

55,627

At 30th September 2023

1,684,192

117,499

14,841

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st October 2023

2,493,598

324,765

5,061,106

Additions

993,470

52,197

1,276,699

Disposals

(542,605

)

(13,754

)

(564,513

)

At 30th September 2024

2,944,463

363,208

5,773,292

DEPRECIATION

At 1st October 2023

1,162,797

230,651

1,819,659

Charge for year

460,546

56,478

607,509

Eliminated on disposal

(402,705

)

(10,931

)

(421,790

)

At 30th September 2024

1,220,638

276,198

2,005,378

NET BOOK VALUE

At 30th September 2024

1,723,825

87,010

3,767,914

At 30th September 2023

1,330,801

94,114

3,241,447

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

Motor

vehicles

£

COST

At 1st October 2023

1,688,968

Additions

950,363

Disposals

(179,768

)

Transfer to ownership

(85,339

)

At 30th September 2024

2,374,224

DEPRECIATION

At 1st October 2023

480,382

Charge for year

430,542

Eliminated on disposal

(81,857

)

Transfer to ownership

(65,340

)

At 30th September 2024

763,727

NET BOOK VALUE

At 30th September 2024

1,610,497

At 30th September 2023

1,208,586