REGISTERED NUMBER: 00819180 (England and Wales)

STRATEGIC REPORT, DIRECTOR'S REPORT AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

STRESSLINE LIMITED

Page

Company Information

1

Strategic Report

2

Director's Report

3

Independent Auditors' Report

4

Profit and loss account

6

Balance Sheet

7

Statement of Changes in Equity

8

Notes to the Financial Statements

9

DIRECTOR:

C P Fox

REGISTERED OFFICE:

Station Road

Stoney Stanton

Leicestershire

LE9 4LX

REGISTERED NUMBER:

00819180 (England and Wales)

AUDITORS:

Magma Audit LLP

16 Davy Court

Castle Mound Way

Rugby, CV23 0UZ

Magma Audit LLP is part

Of the Dains Group

BANKERS:

Royal Bank of Scotland

5 Market Street

Leicester

LE1 6DN

SOLICITORS:

Knights PLC

34 Pocklingtons Walk

Leicester

LE1 6BU

The company's principal activity is in the design, manufacture and distribution of a range of structural building products, pre-stressed and pre-cast concrete products, decorative reconstructed stone, and steel fabricated products.

REVIEW OF BUSINESS

The Director is pleased to report that the company has experienced a successful year and the financial health of the company has remained. The results of the company for the year are set out on the profit and loss account within the financial statements.

2024 has been a year where the principal markets that the company trades have been challenged by the broader social and economic challenges and the reality of cost of living increases particularly in increases to energy and food.

Reasonable recovery in demand from our target markets, together with a strategy of effectively targeting sales and controlling respective costs for manufacturing and distribution has resulted in a turnover of £8,106,865 and gross profit of £1,734,134 (21% GPM), the impact of continued rising cost of sales has impacted on potential profitability however considering the trading conditions the business has had an excellent result.

Both net current assets and net assets for the company have increased compared to the prior year, and are £2,233,251 and £2,172,197 respectively at 31 December 2024.

KEY PERFORMANCE INDICATORS

Given the nature of the business, the company Director believes that the only necessary KPI's that give an understanding of the development, performance or position of the business to be: turnover, margin percentage and profit before tax.

PRINCIPAL RISKS AND UNCERTAINTIES

Management and the board regularly review the risks facing the company. The perceived risks are a return to lockdown, significant interruptions to supply of materials and resources, credit risk, liquidity risk and cash flow risk each are reviewed and managed by the Director and Senior Management on a routine frequency.

Trade debtors are managed in respect of credit and cash flow risk by policies concerning the credit offered to customers and the regular monitoring of amounts outstanding for both time and credit limits. The amounts presented in the balance sheet are net of allowances for doubtful debts.

Trade creditors liquidity risk is managed by ensuring sufficient funds are available to meet amounts due.

FUTURE DEVELOPMENTS

The outlook for the company is positive and the Director is confident that the company is well positioned to continue to grow and maintain market share into 2025.

ON BEHALF OF THE BOARD:

C P Fox - Director

30 September 2025

The director presents his report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the production of prestressed and precast concrete products.

DIVIDENDS

The total distribution of dividends for the year ended 31 December 2024 is £nil (2023: £nil).

DIRECTOR

C P Fox held office during the whole of the period from 1 January 2024 to the date of this report.

FINANCIAL INSTRUMENTS

The principal financial instruments of the company comprise bank balances and borrowings, trade creditors, trade debtors and hire purchase contracts. The main purpose of these instruments is to raise funds for the company's operations and to finance its continuing operations. Liquidity risk is managed by the use of bank balances and overdraft facilities along with efficient monitoring and forecasting of cash flows to ensure there are sufficient funds to meet liabilities. Trade debtors are managed in respect of credit and cash flow risk by policies monitoring the credit offered to customers and regular monitoring of amounts outstanding for both time and credit limits.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Strategic Report, the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is 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 director is 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 director is 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 him to ensure that the financial statements comply with the Companies Act 2006. He is 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 director is 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 he 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, Magma Audit LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

C P Fox - Director

30 September 2025

Opinion

We have audited the financial statements of Stressline Limited (the 'company') for the year ended 31 December 2024 which comprise the Profit and loss account, 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 director's 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 director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Director's Report, but does not include the financial statements and our Auditors' Report 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 Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Director's Report 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 Director's Report.

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 director's remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is 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 director determines 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 director is 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 director either intends to liquidate the company or to cease operations, or has 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 an Auditors' Report 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:

Based on our understanding of the Company and the industry, we identified the principle risks of non-compliance with laws and regulations, and 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 preparation of 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 principle risks were related to posting inappropriate journal entries, and management bias in accounting estimates.

Audit procedures performed by the engagement team included:

-

Discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulation, and fraud;

-

Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations, with unusual descriptions, or posted at unusual times;

-

Challenging assumptions made by management in their significant accounting estimates, such as those used to assess the recoverability of debtors and the value of stock.

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment.

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 Auditors' Report.

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 an Auditors' Report 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.

Victoria Craig (Senior Statutory Auditor)

for and on behalf of Magma Audit LLP

16 Davy Court

Castle Mound Way

Rugby, CV23 0UZ

Magma Audit LLP is part

Of the Dains Group

30 September 2025

TURNOVER

2

8,106,865

9,339,912

Cost of sales

(6,372,731

)

(7,270,181

)

GROSS PROFIT

1,734,134

2,069,731

Administrative expenses

(1,607,768

)

(1,892,267

)

126,366

177,464

Other operating income

18,526

4,548

OPERATING PROFIT

4

144,892

182,012

Interest receivable and similar income

5

4,365

8,841

149,257

190,853

Interest payable and similar expenses

6

(29,528

)

(28,579

)

PROFIT BEFORE TAXATION

119,729

162,274

Tax on profit

7

14,516

(41,308

)

PROFIT FOR THE FINANCIAL YEAR

134,245

120,966

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

134,245

120,966

FIXED ASSETS

Tangible assets

8

12,280

10,793

CURRENT ASSETS

Stocks

9

1,279,596

1,630,885

Debtors

10

3,951,969

3,469,532

Cash at bank

250,242

287,193

5,481,807

5,387,610

CREDITORS

Amounts falling due within one year

11

(3,234,040

)

(3,192,601

)

NET CURRENT ASSETS

2,247,767

2,195,009

TOTAL ASSETS LESS CURRENT LIABILITIES

2,260,047

2,205,802

CREDITORS

Amounts falling due after more than one year

12

(73,334

)

(153,334

)

NET ASSETS

2,186,713

2,052,468

CAPITAL AND RESERVES

Called up share capital

16

4,700

4,700

Capital redemption reserve

17

4,900

4,900

Retained earnings

17

2,177,113

2,042,868

SHAREHOLDERS' FUNDS

2,186,713

2,052,468

The financial statements were approved by the director and authorised for issue on 30 September 2025 and were signed by:

C P Fox - Director

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 January 2023

4,700

1,921,902

4,900

1,931,502

Changes in equity

Total comprehensive income

-

120,966

-

120,966

Balance at 31 December 2023

4,700

2,042,868

4,900

2,052,468

Changes in equity

Total comprehensive income

-

134,245

-

134,245

Balance at 31 December 2024

4,700

2,177,113

4,900

2,186,713

1.	ACCOUNTING POLICIES

General information

The company is a private company limited by shares and is incorporated in England and Wales. The address of the registered office is Station Road, Stoney Stanton, Leicestershire.

The financial statements are presented in Sterling (£) and are rounded to the nearest £1.

Statement of compliance

The individual statements of the company have been prepared in compliance with United Kingdom Accounting Standards, including Financial Reporting Standard 102, "The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland" and the Companies Act 2006.

Preparation of consolidated financial statements

The group for which consolidated financial statements are prepared, which include the results of this company, is that headed by CPF Commercial Limited, whose registered office is Station Road, Stoney Stanton, Leicester, LE9 4LX.

Summary of significant accounting policies

The principal 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.

Basis of preparing the financial statements

These financial statements are prepared on a going concern basis, under the historical cost convention, as modified by the revaluation of certain financial assets and liabilities measured at fair value through the profit and loss account.

The preparation of financial statements in conformity with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company's accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the notes to the accounts.

Financial Reporting Standard 102 - reduced disclosure exemptions

- the requirements of Section 7 Statement of Cash Flows;

- the requirement of paragraph 33.7 to disclose key management personnel compensation.

Critical accounting judgements and key sources of estimation uncertainty

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. Key estimates have been considered below.

(i) Stock valuation

The company manufactures and sells steel and concrete lintels and is subject to changing consumer demands. As a result it is necessary to consider the recoverability of the cost of stock and the associated provisioning required. When calculating the stock provision, management considers the nature and and condition of the stock as well as applying assumptions around anticipated saleability of finished goods and future usage of raw materials.

(ii) Impairment of debtors

The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.

Turnover

Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below:

Fixtures, fittings and equipment

- 12.5% - 50% straight line

Motor vehicles

- 20% straight line

The depreciation charge is pro-rated in the years of acquisition and disposal of assets.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Stock

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Stocks are recognised as an expense in the period in which the related revenue is recognised.

Raw material cost is based on the cost of purchase on a first in, first out basis. The valuation of finished goods and goods for resale is based on direct costs plus attributable overheads based on normal level of activity.

At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is recognised the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.

Financial instruments

(i) Financial assets

Basic financial assets, including trade and other receivables, cash and bank balances and investments are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, other loans and loans from fellow group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Hire purchase commitments

Assets obtained under hire purchase contracts are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Operating leased assets

Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

Pension costs and other post-retirement benefits

Where material, the expected cost of pensions in respect of the company's defined benefit pension scheme is charged to the profit and loss over the term of working lifetimes of employees in the scheme in accordance with section 28 of FRS102. Actuarial surpluses and deficits are spread over the expected remaining working lifetimes of employees.

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense when they are due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

2.

TURNOVER

The total turnover of the company for the year has been derived from its principal activity wholly undertaken in the United Kingdom.

3.	EMPLOYEES AND DIRECTORS

2024

2023

£

£

Wages and salaries

1,921,421

2,021,881

Social security costs

174,477

174,863

Other pension costs

34,977

35,542

2,130,875

2,232,286

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

2024

2023

Management

5

6

Selling and Distribution

59

66

64

72

Key management compensation

The directors deem key management to include directors only.

2024

2023

£

£

Director's remuneration

40,000

40,000

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

Money purchase schemes

1

1

4.	OPERATING PROFIT

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

2024

2023

£

£

Depreciation - owned assets

8,004

13,496

Depreciation - assets on hire purchase contracts or finance leases

-

7,776

Loss/(profit) on disposal of fixed assets

98

(13,677

)

Auditors' remuneration

10,150

9,675

5.

INTEREST RECEIVABLE AND SIMILAR INCOME

2024

2023

£

£

Bank interest

4,365

8,841

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2024

2023

£

£

Other interest

14,371

11,086

Bank loan interest

15,157

17,493

29,528

28,579

7.

TAXATION

Analysis of the tax (credit)/charge

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

2024

2023

£

£

Current tax:

UK corporation tax

-

51,619

Adjustment to prior years

(14,516

)

-

Total current tax

(14,516

)

51,619

Deferred tax

-

(10,311

)

Tax on profit

(14,516

)

41,308

Reconciliation of total tax (credit)/charge included in profit and loss

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

2024

2023

£

£

Profit before tax

119,729

162,274

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2023 - 23.521%)

29,932

38,168

Effects of:

Expenses not deductible for tax purposes

1,489

118

Depreciation in excess of capital allowances

-

13,333

Adjustments to tax charge in respect of previous periods

(14,516

)

-

Group loss relief

(31,421

)

-

Deferred tax

-

(10,311

)

Total tax (credit)/charge

(14,516

)

41,308

8.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Motor

& equipment

vehicles

Totals

£

£

£

COST

At 1 January 2024

109,723

8,478

118,201

Additions

2,661

6,950

9,611

Disposals

(271

)

-

(271

)

At 31 December 2024

112,113

15,428

127,541

DEPRECIATION

At 1 January 2024

98,930

8,478

107,408

Charge for year

7,673

331

8,004

Eliminated on disposal

(151

)

-

(151

)

At 31 December 2024

106,452

8,809

115,261

NET BOOK VALUE

At 31 December 2024

5,661

6,619

12,280

At 31 December 2023

10,793

-

10,793

9.

STOCKS

2024

2023

£

£

Raw materials and consumables

455,246

743,242

Finished goods and goods for resale

824,350

887,643

1,279,596

1,630,885

10.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

940,787

1,076,817

Amounts owed by group undertakings

2,769,549

2,130,400

Other debtors

64,554

30,075

Prepayments and accrued income

177,079

232,240

3,951,969

3,469,532

Amounts owed by group undertakings are unsecured, interest free and are repayable on demand.

11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 13)

80,000

80,000

Trade creditors

900,142

766,457

Amounts owed to group undertakings

1,955,488

1,962,753

Tax

-

59,061

Social security and other taxes

180,868

191,687

Other creditors

35,287

32,295

Accruals and deferred income

82,255

100,348

3,234,040

3,192,601

Amounts owed to group undertakings are unsecured, interest free and are repayable on demand.

12.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 13)

73,334

153,334

13.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank loans

80,000

80,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

73,334

80,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

73,334