REGISTERED NUMBER: 01000918 (England and Wales)

A. & V. SQUIRES PLANT CO. LIMITED

STRATEGIC REPORT,

REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Strategic Report

2

Report of the Director

3

Report of the Independent Auditors

4

Statement of Comprehensive Income

7

Balance Sheet

8

Statement of Changes in Equity

9

Notes to the Financial Statements

10

DIRECTOR:

R N Squires

SECRETARY:

Mrs S M Squires

REGISTERED OFFICE:

Vivienne House

Race Course Road

Crew Lane Industrial Estate

Southwell

Nottinghamshire

NG25 0TX

REGISTERED NUMBER:

01000918 (England and Wales)

SENIOR STATUTORY AUDITOR:

Rachel Rudkin FCCA

AUDITORS:

Duncan & Toplis Audit Limited, Statutory Auditor

14 London Road

Newark

Nottinghamshire

NG24 1TW

The director presents his strategic report for the year ended 31 December 2024.

PRINCIPLE ACTIVITY

The principal activity of the company in the year under review was that of contract bulk earth moving, civil engineering and other related infrastructure support services and plant hire.

REVIEW OF BUSINESS

The director aims to present a balanced and comprehensive review of the development and performance of the business during the year and its position at the year end. The review is consistent with the size and complexity of the business and is written in the context of the risks and uncertainties faced. The net assets of the company continued to grow to £3.08M compared to £2.52M in the previous year.

The director is happy with the progress being made to invest and upgrade the fleet of operated and non-operated plant with the latest available technology on the market. The company continues to secure new contract works that this investment has enabled.

Some areas of the company are expected to be hit by a downturn in revenue due to market trends however the director and senior managers are hopeful that by maintaining strong relationships with existing customers the future will be positive.

KEY PERFORMANCE INDICATORS

It is considered that the key financial performance indicators are those that communicate the performance and strength of the business as a whole, these being turnover and margins. A table showing these key indicators over the last three years has been included below:

2024

2023

2022

Revenue £

10,398,926

15,195,056

13,273,411

Gross profit £

1,545,342

2,116,651

1,730,378

Gross profit %

14.86%

13.93 %

13.04 %

Net profit before tax %

1.56%

4.26 %

2.40 %

The above KPIs are calculated and reviewed on a regular basis by the director and used to monitor and manage the company's performance.

FUTURE DEVELOPMENTS

The business continues to achieve and maintain a number of internationally recognised, externally accredited safety, quality and environmental standards, affording it a more enhanced standing thereby enabling the business to enter into new commercial markets affording the opportunity to successfully secure long term service contract works with highly respected customers.

New areas of income generation are continuously being explored. Diversifying the business to suit the market is also an option.

PRINCIPAL RISKS AND UNCERTAINTIES

The director continually monitors the key risks facing the company together with assessing the controls used for managing these risks. These are discussed with other members of senior management on a monthly basis.

The principal risks and uncertainties facing the company continue to be those derived from general economic uncertainty which could potentially lead to cash flow difficulties. The company is deemed to have sufficient financial headroom with bank finance well below the authorised limits and all outstanding plant and equipment hire purchase creditors being secured.

As described in future developments, the enhanced standing of the business has so far enabled it to continue to attract new, profitable contracts.

Failure to comply with existing legislation could materially affect the company's ability to operate. In addition, changes in government policy or legislation could adversely affect business operating costs.

ON BEHALF OF THE BOARD:

R N Squires - Director

29 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 contract bulk earth moving, civil engineering and other related infrastructure support services and plant hire.

DIVIDENDS

An interim dividend of £7.27 per share was paid on 6 April 2024.

DIRECTOR

R N Squires held office during the whole of the period from 1 January 2024 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Strategic Report, the Report of the Director 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.

ON BEHALF OF THE BOARD:

R N Squires - Director

29 September 2025

Opinion

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

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the 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 Report of the Director, 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 Director 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 Director 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 Director.

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; or

- the directors were not entitled to take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

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 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:

We have identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial experience, knowledge of the sector, a review of regulatory and legal correspondence and through discussions with Directors and other management obtained as part of the work required by auditing standards. We have also discussed with the Directors and other management the policies and procedures relating to compliance with laws and regulations. We communicated laws and regulations throughout the team and remained alert to any indications of non-compliance throughout the audit

The potential impact of different laws and regulations varies considerably. Firstly, the company is subject to laws and regulations that directly impact the financial statements (for example financial reporting legislation) and we have assessed the extent of compliance with such laws as part of our financial statements audit. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including risk of override of controls) and determined that the principal risks were related to management bias in accounting estimates and judgemental areas of the financial statements such as depreciation of tangible fixed assets, as well as the risk of inappropriate journal entries to increase reported profitability. Audit procedures performed by the engagement team included the identification and testing of material and unusual journal entries and challenging management on key accounting estimates, assumptions and judgements made in the preparation of the financial statements. We carried out detailed substantive tests on accounting estimates, including reviewing the methods used by management to make those estimates, re-performing the calculation, and reviewing the outcome of prior year estimates.

Secondly, the company is subject to other laws and regulations where the consequence for non-compliance could have a material effect on the amounts or disclosures in the financial statements. We identified the following areas as those most likely to have such an effect: Health and Safety regulations, Vehicle operating licences, and Employment laws. This inspection included a review of the business operating licences for any evidence of non-compliance, in addition to the assessment of the company's employment and health and safety controls. Through these procedures, if we became aware of any non-compliance, we considered the impact on the procedures performed on the related financial statement items.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. The further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. As with any audit, there is a greater risk of non-detection of irregularities as these may involve collusion, intentional omissions of the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all 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.

Rachel Rudkin FCCA (Senior Statutory Auditor)

for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor

14 London Road

Newark

Nottinghamshire

NG24 1TW

29 September 2025

REVENUE

10,398,926

15,195,056

Cost of sales

8,853,584

13,078,405

GROSS PROFIT

1,545,342

2,116,651

Administrative expenses

1,220,105

1,297,190

325,237

819,461

Other operating income

121,538

63,675

OPERATING PROFIT

446,775

883,136

Interest payable and similar expenses

4

284,354

235,669

PROFIT BEFORE TAXATION

5

162,421

647,467

Tax on profit

6

(617,709

)

228,051

PROFIT FOR THE FINANCIAL YEAR

780,130

419,416

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

780,130

419,416

FIXED ASSETS

Property, plant and equipment

8

6,323,736

8,540,892

CURRENT ASSETS

Inventories

9

37,988

44,593

Debtors

10

1,751,904

2,647,825

Cash at bank and in hand

252,084

108,524

2,041,976

2,800,942

CREDITORS

Amounts falling due within one year

11

4,633,833

5,530,888

NET CURRENT LIABILITIES

(2,591,857

)

(2,729,946

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,731,879

5,810,946

CREDITORS

Amounts falling due after more than one year

12

(340,408

)

(2,337,292

)

PROVISIONS FOR LIABILITIES

17

(312,044

)

(948,857

)

NET ASSETS

3,079,427

2,524,797

CAPITAL AND RESERVES

Called up share capital

18

31,000

31,000

Share premium

19

108,000

108,000

Capital redemption reserve

19

31,000

31,000

Retained earnings

19

2,909,427

2,354,797

SHAREHOLDERS' FUNDS

3,079,427

2,524,797

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

R N Squires - Director

Called up

Capital

share

Retained

Share

redemption

Total

capital

earnings

premium

reserve

equity

£

£

£

£

£

Balance at 1 January 2023

31,000

2,242,721

108,000

31,000

2,412,721

Changes in equity

Dividends

-

(307,340

)

-

-

(307,340

)

Total comprehensive income

-

419,416

-

-

419,416

Balance at 31 December 2023

31,000

2,354,797

108,000

31,000

2,524,797

Changes in equity

Dividends

-

(225,500

)

-

-

(225,500

)

Total comprehensive income

-

780,130

-

-

780,130

Balance at 31 December 2024

31,000

2,909,427

108,000

31,000

3,079,427

1.	STATUTORY INFORMATION

A. & V. Squires Plant Co. Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure 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 33.7.

This information is included in the consolidated financial statements of A&V Squires Holdings Limited and these financial statements may be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.

Significant judgements and estimates

In the application of the Company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

There are no critical accounting judgements or estimation uncertainty that, in the opinion of the director, will have a material effect on the financial statements.

Revenue

Revenue is recognised at the fair value of the consideration received or receivable, taking into account the amount of any trade discounts, prompt settlement discounts and volume rebates. Revenue is recognised when the risks and rewards in connection with the ownership of the goods are transferred to the buyer. Revenue is recognised for services by reference to the stage of completion at the end of the reporting period. Contracting revenue represents the value of work executed during the year, once attributable profit can be reliably measured.

Property, plant and equipment

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.

Freehold property

-

not provided

Plant and machinery

-

25% on reducing balance and 20% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

20% on reducing balance

The company bases depreciation on the useful economic life off each asset or, if held under a finance lease, over the lease term, whichever is shorter. The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful lives and residual values of the assets. The useful economic lives and residual values are re-measured annually.

Inventories

Inventories are stated at the lower of cost incurred in bringing each product to its present location and condition, and fair value less costs to complete and sell, after making due allowance for obsolete and slow-moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. Inventories are accounted for on a first-in-first-out basis.

Financial instruments

The company has chosen to adopt sections 11 and 12 of FRS 102 in respect of financial instruments.

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

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

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

Trade creditors 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 creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

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

Current or deferred taxation assets and liabilities are not discounted.

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

Deferred tax

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

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

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. 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.

Leases are recognised at amounts equal to the fair value of the leased asset or, if lower, the present value of minimum lease payments determined at the inception of the lease.

The lease payments are apportioned between finance charge and the reduction of the outstanding liability using the effective interest method. The finance charge is allocated each year so that there is a constant periodic rate of interest on the remaining balance of the liability.

Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

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

3.	EMPLOYEES AND DIRECTORS

2024

2023

£

£

Wages and salaries

2,751,153

3,064,916

Social security costs

311,733

343,026

Other pension costs

99,766

103,807

3,162,652

3,511,749

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

2024

2023

Management

7

5

Admin

3

5

Production

49

60

Health and Safety

1

1

60

71

2024

2023

£

£

Director's remuneration

12,826

12,584

Director's pension contributions to money purchase schemes

39,194

39,190

4.

INTEREST PAYABLE AND SIMILAR EXPENSES

2024

2023

£

£

Bank loan interest

17,496

20,687

Director's loan interest

3,560

699

Hire purchase interest & fees

260,768

211,845

Other loan interest

2,530

2,438

284,354

235,669

5.	PROFIT BEFORE TAXATION

The profit is stated after charging/(crediting):

2024

2023

£

£

Hire of plant and machinery

626,048

688,998

Depreciation - owned assets

119,416

101,869

Depreciation - assets on hire purchase contracts

946,344

1,467,362

Profit on disposal of fixed assets

(47,648

)

(248,294

)

Auditors' remuneration

15,500

15,000

6.

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

19,104

-

Deferred tax

(636,813

)

228,051

Tax on profit

(617,709

)

228,051

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

162,421

647,467

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2023 - 19%)

40,605

123,019

Effects of:

Expenses not deductible for tax purposes

-

931

Capital allowances in excess of depreciation

-

(81,827

)

Deferred tax provided

(636,813

)

228,051

Unutilized tax carried forward

(21,501

)

(42,123

)

Total tax (credit)/charge

(617,709

)

228,051

7.

DIVIDENDS

2024

2023

£

£

Ordinary shares of £1 each

Final

-

142,340

Interim

225,500

165,000

225,500

307,340

8.	PROPERTY, PLANT AND EQUIPMENT

Freehold

Plant and

Motor

Office

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

2,505,389

8,888,852

846,895

81,216

12,322,352

Additions

396,053

410,281

307,597

5,566

1,119,497

Disposals

-

(3,257,831

)

(236,097

)

-

(3,493,928

)

At 31 December 2024

2,901,442

6,041,302

918,395

86,782

9,947,921

DEPRECIATION

At 1 January 2024

-

3,283,702

431,717

66,041

3,781,460

Charge for year

-

923,880

138,331

3,549

1,065,760

Eliminated on disposal

-

(1,081,949

)

(141,086

)

-

(1,223,035

)

At 31 December 2024

-

3,125,633

428,962

69,590

3,624,185

NET BOOK VALUE

At 31 December 2024

2,901,442

2,915,669

489,433

17,192

6,323,736

At 31 December 2023

2,505,389

5,605,150

415,178

15,175

8,540,892

The net book value of property, plant and equipment includes £ 1,883,522 (2023 - £ 4,657,942 ) in respect of assets held under hire purchase contracts.

9.	INVENTORIES

2024

2023

£

£

Inventories

37,988

34,210

Work-in-progress

-

10,383

37,988

44,593

10.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,603,707

2,525,564

Other debtors

48,823

11,035

Prepayments

99,374

111,226

1,751,904

2,647,825

Trade debtors are subject to invoice discounting. The amount owing is shown within other creditors.

11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 13)

-

13,911

Hire purchase contracts (see note 14)

958,816

1,885,432

Trade creditors

973,153

1,070,103

Amounts owed to group undertakings

1,091,080

1,100,000

Corporation tax

19,104

-

Social security and other taxes

75,168

78,815

VAT

262,809

440,700

Other creditors

312,742

310,455

Invoice discounting

381,198

573,040

Directors' current accounts

508,028

7,910

Accrued expenses

51,735

50,522

4,633,833

5,530,888

12.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 13)

-

297,392

Hire purchase contracts (see note 14)

340,408

2,039,900

340,408

2,337,292

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

-

13,911

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

297,392