REGISTERED NUMBER: 07145959 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

DIAMOND FACILITIES SUPPORT LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

5

Report of the Independent Auditors

6

Income Statement

9

Other Comprehensive Income

10

Balance Sheet

11

Statement of Changes in Equity

12

Notes to the Financial Statements

13

DIRECTORS:

H R Cooper-Atkins

A Cooper-Atkins

REGISTERED OFFICE:

Unit 2222 - 2226

The Crescent

Birmingham Business Park

Birmingham

B37 7YE

REGISTERED NUMBER:

07145959 (England and Wales)

AUDITORS:

Philip Barnes & Co Limited

Chartered Accountants

Statutory Auditors

The Old Council Chambers

Halford Street

Tamworth

Staffordshire

B79 7RB

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

Business Performance

2024 saw Diamond continue to grow and develop including the creation of Coat Facilities Group, the parent company with sister businesses including not only Diamond, Jet Through and Sanctuary Fire & Security but also Nationwide Roofing Repairs and Nationwide Property Clean. Diamond is now part of a specialist group of FM organisations that can offer a one stop integrated approach or alternatively single service solutions. 2024 saw us being part of the UK Fast Growth Index and also win the award of Best Facilities Services Business of the Year. Investment in the business continues and in-particular our ongoing development of our wholly owned CAFM system which continues to provide distinct advantages in the sectors in which we operate. The evolving Group structure has added significant strength and credibility to our market positioning and service proposition and it is incredible to see our strategic vision and plans coming together - the platform that has been created will allow significant growth to both the individual businesses but also the group as a whole.

Our ethos continues to be one of direct employment in order to control service, quality and cost and we will be strengthening this proposition further with the goal of being the UK's number 1 FM provider in terms of great service through direct labour. As a business we still have over 90% of all reactive work carried out by our own direct labour - we are unique in the industry in this respect and all associated group businesses follow the same philosophy. Our Major and Minor Works teams which compliments our emergency response, M&E Compliance and Handyman works is going from strength to strength and adds real value to our proposition. We can support clients with projects with values ranging from £500 up to £250,000. We continue to support the strategy that a wide service offering through specialist divisions utilising direct labour with an in-house CAFM system remains the key to success within our marketplace.

We have a 3 year strategic plan which focusses on steady and controlled growth where we can hit a minimum 5% net margin . Moving forward our focus will not only be private sector as it has for many years but following our success on the Fusion 21 Framework we now have a great opportunity to grow and develop within the public sector also.

We remain careful in the clients we contract with and in-particular look at clients with a robust financial position.

Business development within Diamond remains positive with a healthy pipeline of opportunities now also widened through the success with Fusion 21. We feel that due to our focus on service and quality combined with the group structure and cross selling opportunities growth will continue to be positive but in a steady and controlled manner. Clients that are not happy with us earning a 5% net margin will continue to be avoided - we feel 5% net is a sustainable level for a business of our type delivering the services and customer experience that we feel is essential.

As a business we offer the following:

- National 24/7 FM Helpdesk

- Emergency Reactive Maintenance across All Trades

- M&E Compliance (Gas/Elec/HVAC/Fire etc)

- Handyman Regimes

- Roofing - through our roofing Division, Nationwide Roofing Repairs

- Drainage, Drainage PPM's, Grease Traps etc - through our drainage division, Jet Through

- Daily Cleaning / Builders Cleans/Specialist Cleans - through our cleaning division, Nationwide Property Clean

- Grounds Maintenance - through our cleaning division, Nationwide Property Clean

- Fire Safety - through our division, Sanctuary Fire & Security

- Quoted Works - Minor & Major Works & Projects from £500 to £250,000

Our client base continues to strengthen with our target clients being those with multiple properties spread throughout the UK. Many of our clients have been with us for 7-14 years which is testament to what we do and how we do it. We have a very balanced portfolio with no one client dominating turnover.

ESG

We have a formal & reportable ESG Plan with Ecovadis Accreditation and a partnership with Neutral Carbon Zone at its heart. ESG a significant activity within the latest 3 Year Diamond Strategic Business Plan including a Carbon Reduction Plan with scope 1, 2 and 3 measurement.

ESG activity based upon the 17 UN Sustainable Development Goals:

- Poverty - we always pay above minimum wage

- Hunger - we support the Tamworth Food Bank

- Health & Wellbeing - we have a dedicated and confidential mental health line and are implementing the 'Shape' - system for health, attendance, productivity & engagement, we also have various staff awards and training

- Gender Equality - we do not distinguish based on gender or ethnicity, we are a female led business

- Clean Water - overseas projects and donations

- Affordable & Clean Energy - we promote EV cars through free EV charging for staff

- Economic Growth - our 3 year business plan includes for significant growth and employment

- Industry Innovation - we are implementing Innovation Champions & invest heavily in our own IT

- Inequality across countries - we sponsor multiple immigrant/refugee workers/families

- Sustainable Communities - we sponsor STEPS (Cerebral Palsy), MND Association, Tamworth Food Bank, Olton Ravens Boys FC

- Responsible Consumption of Natural Resources - we are partnering with Neutral Carbon Zone and looking at being carbon neutral by 2035

- Corporate Governance - we are tightly controlled operationally and financially and operate to the highest standards with ISO 9001, 14001 and 45001

Business Development

Our key markets continue to be Care, Retail, Leisure & Hospitality, Industrial/Distribution, Education, Accommodation and Commercial. These markets are still best suited to our strengths and are the sectors where we excel. The cross selling opportunities within the group are significant and our ability to offer either an integrated solution or a single service solution means the market remains wide open. We are still very much a private sector company but with our success on the Fusion 21 framework we now see an equal opportunity within the public sector to complement our private sector clients and hence the market we can target has doubled. We have a very targeted approach to sales and as such do not employ a large sales team but focus on targeted campaigns and key events throughout the year.

Our strategy continues to be one of great service through direct labour with robust margins managed via a wholly owned and bespoke CAFM system. Our vision continues to be the leading FM provider in terms of client service through direct labour.

Health, Safety, Quality and Environment

We continue to hold all necessary standards - ISO 9001, ISO 14001, ISO 45001 and are also accredited with Safecontractor, CHAS, Constructionline, BESA and SFG20 as well as the various trade bodies such as NICEIC, OFTEC, Gas Safe, F-Gas, BICS. Our record is excellent and we continue to pass all annual audits.

Financial Performance

The year ended with a turnover of £12.4m, a gross profit of £2.7m (21.9%) and a net profit of £0.3m (2.4%). Diamond continues to perform well enabling investment throughout the group with significant investment in our in-house web portal management system.

ON BEHALF OF THE BOARD:

A Cooper-Atkins - Director

29 September 2025

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

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.

H R Cooper-Atkins

A Cooper-Atkins

Other changes in directors holding office are as follows:

P A Brooks - resigned 29 January 2024

J A Gray - resigned 29 January 2024

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, Philip Barnes & Co Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

A Cooper-Atkins - Director

29 September 2025

Opinion

We have audited the financial statements of Diamond Facilities Support 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 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 five, 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:

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

In identifying and assessing risk of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

- We obtained an understanding of the legal and regulatory frameworks applicable to the Company and the sector within which it operates. We determined the following laws and regulations were most significant: the Companies Act 2006, UK employment law, UK tax laws and health & safety regulations.

- We obtained an understanding of how the Company is complying with those legal and regulatory requirements by making enquiries with management, carrying out a review of the payroll function and reviewing legal costs incurred in the year.

- We assessed the susceptibility of the Company's financial statements to material misstatement, due to fraud or error, and including how fraud might occur.

Audit procedures performed by the audit engagement team included:

- Identifying the controls that management has in place to prevent and detect fraud

- Auditing the appropriateness of accounting estimates, challenging assumptions and judgements made by management to ensure no management bias

- Testing journal entries and other adjustments made by the client to evaluate business rationale of significant transactions to ensure no management override

- Assessing extent of compliance with the relevant laws and regulations

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

Use of our report

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

Faith Bates FCA, FCCA (Senior Statutory Auditor)

for and on behalf of Philip Barnes & Co Limited

Chartered Accountants

Statutory Auditors

The Old Council Chambers

Halford Street

Tamworth

Staffordshire

B79 7RB

29 September 2025

TURNOVER

12,454,530

12,602,405

Cost of sales

9,749,213

9,895,656

GROSS PROFIT

2,705,317

2,706,749

Administrative expenses

2,636,249

2,483,991

69,068

222,758

Other operating income

261,603

267,109

OPERATING PROFIT

4

330,671

489,867

Interest receivable and similar income

9,337

-

340,008

489,867

Interest payable and similar expenses

5

42,794

53,480

PROFIT BEFORE TAXATION

297,214

436,387

Tax on profit

6

78,056

116,469

PROFIT FOR THE FINANCIAL YEAR

219,158

319,918

PROFIT FOR THE YEAR

219,158

319,918

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

219,158

319,918

FIXED ASSETS

Tangible assets

8

682,122

869,276

Investments

9

-

200

682,122

869,476

CURRENT ASSETS

Stocks

10

18,300

12,900

Debtors

11

4,194,454

2,955,589

Cash at bank

77,138

288,758

4,289,892

3,257,247

CREDITORS

Amounts falling due within one year

12

3,658,008

2,823,339

NET CURRENT ASSETS

631,884

433,908

TOTAL ASSETS LESS CURRENT LIABILITIES

1,314,006

1,303,384

CREDITORS

Amounts falling due after more than one year

13

(143,270

)

(303,977

)

PROVISIONS FOR LIABILITIES

15

(168,357

)

(216,186

)

NET ASSETS

1,002,379

783,221

CAPITAL AND RESERVES

Called up share capital

16

218,400

218,400

Capital redemption reserve

17

21,600

21,600

Retained earnings

17

762,379

543,221

SHAREHOLDERS' FUNDS

1,002,379

783,221

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

H R Cooper-Atkins - Director

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 January 2023

218,400

817,351

21,600

1,057,351

Changes in equity

Dividends

-

(594,048

)

-

(594,048

)

Total comprehensive income

-

319,918

-

319,918

Balance at 31 December 2023

218,400

543,221

21,600

783,221

Changes in equity

Total comprehensive income

-

219,158

-

219,158

Balance at 31 December 2024

218,400

762,379

21,600

1,002,379

1.	STATUTORY INFORMATION

Diamond Facilities Support 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 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 and on a going concern basis. The financial statements are prepared in pounds sterling, the functional currency, rounded to the nearest £1.

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.

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 includes revenue from the rendering of services which are measured using a percentage of completion method. Transactions involving the rending of services that are incomplete at the end of the reporting report are recognised based on the stage of completion if the conditions of FRS 102.23.14 are met.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

33% on cost and 20% on cost

Plant and machinery

-

33% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% reducing balance

Computer equipment

-

33% 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 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.

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.

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.

Operating lease commitments

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

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3.

EMPLOYEES

2024

2023

£

£

Wages and salaries

3,319,658

2,943,418

Social security costs

344,231

297,117

Other pension costs

50,806

46,557

3,714,695

3,287,092

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

2024

2023

Engineers

46

41

Office staff

46

48

92

89

2024

2023

£

£

Directors' remuneration

210,580

201,793

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

Money purchase schemes

2

-

Information regarding the highest paid director is as follows:

2024

2023

£

£

Emoluments etc

110,110

105,480

2024

2023

£

£

Company contributions to director's money purchase pension schemes

4,500

18,000

4.	OPERATING PROFIT

The operating profit is stated after charging:

2024

2023

£

£

Depreciation - owned assets

50,899

25,089

Depreciation - assets on hire purchase contracts

160,126

223,181

Loss on disposal of fixed assets

35,856

4,685

Auditors' remuneration

12,000

12,000

Foreign exchange differences

-

6

Operating lease payments

26,467

28,562

Contributions to defined contribution pension schemes

21,019

21,468

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

2024

2023

£

£

Hire purchase

42,794

53,480

6.

TAXATION

Analysis of the tax charge

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

2024

2023

£

£

Current tax:

UK corporation tax

120,576

5,031

Group tax relief

5,309

12,700

Total current tax

125,885

17,731

Deferred tax

(47,829

)

98,738

Tax on profit

78,056

116,469

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

297,214

436,387

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

74,304

109,097

Effects of:

Expenses not deductible for tax purposes

4,845

8,448

Capital allowances in excess of depreciation

-

(50,085

)

Depreciation in excess of capital allowances

46,736

-

Utilisation of tax losses

-

(48,450

)

Group relief

-

(799

)

Marginal relief

-

(480

)

Accelerated capital allowances

(47,829

)

98,738

Total tax charge

78,056

116,469

7.

DIVIDENDS

2024

2023

£

£

Interim

-

594,048

8.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

55,572

60,623

87,538

Additions

-

19,173

5,382

Disposals

-

-

-

At 31 December 2024

55,572

79,796

92,920

DEPRECIATION

At 1 January 2024

53,684

38,658

81,182

Charge for year

710

16,302

3,200

Eliminated on disposal

-

-

-

At 31 December 2024

54,394

54,960

84,382

NET BOOK VALUE

At 31 December 2024

1,178

24,836

8,538

At 31 December 2023

1,888

21,965

6,356

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

1,143,773

229,069

1,576,575

Additions

145,920

14,776

185,251

Disposals

(233,492

)

-

(233,492

)

At 31 December 2024

1,056,201

243,845

1,528,334

DEPRECIATION

At 1 January 2024

336,257

197,518

707,299

Charge for year

172,779

18,034

211,025

Eliminated on disposal

(72,112

)

-

(72,112

)

At 31 December 2024

436,924

215,552

846,212

NET BOOK VALUE

At 31 December 2024

619,277

28,293

682,122

At 31 December 2023

807,516

31,551

869,276

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

Motor

vehicles

£

COST

At 1 January 2024

1,140,947

Additions

145,210

Disposals

(233,492

)

Transfer to ownership

(90,623

)

At 31 December 2024

962,042

DEPRECIATION

At 1 January 2024

334,242

Charge for year

160,126

Eliminated on disposal

(72,112

)

Transfer to ownership

(40,904

)

At 31 December 2024

381,352

NET BOOK VALUE

At 31 December 2024

580,690

At 31 December 2023

806,705