REGISTERED NUMBER: 01079733 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

J.E.B. TECHNOLOGIES LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Director

4

Report of the Independent Auditors

6

Statement of Comprehensive Income

9

Statement of Financial Position

10

Statement of Changes in Equity

11

Notes to the Financial Statements

12

DIRECTOR:

P Mehta

REGISTERED OFFICE:

Hampstead Avenue

Mildenhall

Suffolk

IP28 7AS

REGISTERED NUMBER:

01079733 (England and Wales)

AUDITORS:

Shaw Gibbs (Audit) Limited, Statutory Auditor

Eagle House

28 Billing Road

Northampton

Northamptonshire

NN1 5AJ

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

The trading results for the year and the company's financial position at the end of the year are shown in the attached financial statements.

REVIEW OF BUSINESS

Turnover has remained within 1% of prior year, the company has had a further challenging year. Internal reorganisations have been undertaken in order to reduce overheads and improve profitability. Despite these efforts the company has reported a loss for the year.

The company has recognised a £1.8m actuarial gain relating to the JEB Engineering Design Limited Retirement Benefits Scheme.

The company continues to pursue a variety of new opportunities as well as deepen existing customer relationships.

The company is reliant on support from group and has the commitment from the wider group to support the strategic direction of J.E.B Technologies Limited in the UK. The Director is confident that with this continued support, the company is able to carry on as a going concern.

PRINCIPAL RISKS AND UNCERTAINTIES

The company's activities expose it to a number of financial risks including credit risk, liquidity risk and currency risk. The company does not use derivative financial instruments for speculative purposes.

Credit risk

The company's principal financial assets are bank balances and trade debtors.

The company's credit risk is primarily attributable to its trade debtors. The amounts presented in the balance sheet are net of allowances for doubtful debts. The credit risk on bank balances is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.

The company has some concentration of credit risk to a small number of major customers. However, a number of these are national defence agencies and other government departments and so this risk is considered to be limited.The company's exposure to commercial customers is managed on an account by account basis to ensure these don't exceed agreed credit limits.

Liquidity risk

In order to maintain liquidity to ensure that sufficient funds are available for on-going operations and future developments, the company uses a mixture of long-term and short-term debt finance and equity funding and inter-company treasury management.

Currency risk

The company undertakes trading transactions in currencies other than sterling and has funding instruments denominated in foreign currency. The foreign exchange risk is managed by holding cash resources in foreign currency.

KEY PERFORMANCE INDICATORS

The company uses order intake, production levels, turnover and profit as key performance indicators to monitor performance.

SIGNED BY ORDER OF THE DIRECTORS:

P Mehta - 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 design, manufacture and supply of diverse Industrial products and Medical devices.

DIVIDENDS

No dividends will be distributed for the year ended 31 December 2024.

DIRECTORS

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

Other changes in directors holding office are as follows:

M S Isaacson - resigned 1 October 2024

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.

AUDITORS

The auditors, Shaw Gibbs (Audit) Limited, Statutory Auditor, will be proposed for re-appointment at the forthcoming Annual General Meeting.

SIGNED BY ORDER OF THE DIRECTORS:

P Mehta - Director

29 September 2025

Opinion

We have audited the financial statements of J.E.B. Technologies Limited (the 'company') for the year ended 31 December 2024 which comprise the Statement of Comprehensive Income, Statement of Financial Position, 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 loss 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.

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page four, 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 obtained an understanding of the legal and regulatory frameworks within which the company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Act 2006, United Kingdom Generally Accepted Accounting Practice and relevant Taxation legislation.

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be the override of controls by management, the ability for the company to continue as a Going Concern and the understatement of revenue. Our audit procedures to respond to these risks included enquiries of management about their own identification and assessment of the risks of irregularities, sample testing on the posting of journals, reviewing meeting minutes, regulatory correspondence and professional fees, detailed substantive testing on the completeness of income, review of budgets and management accounts, obtaining a Letter of Support from the group and reviewing accounting estimates for biases.

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. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

These inherent limitations are particularly significant in the case of misstatement resulting from fraud as this may involve sophisticated schemes designed to avoid detection, including deliberate failure to record transactions, collusion or the provision of intentional misrepresentations.

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.

Andrew Clifford (Senior Statutory Auditor)

for and on behalf of Shaw Gibbs (Audit) Limited, Statutory Auditor

Eagle House

28 Billing Road

Northampton

Northamptonshire

NN1 5AJ

30 September 2025

TURNOVER

3

1,561,943

1,573,370

Cost of sales

2,968,308

3,016,928

GROSS LOSS

(1,406,365

)

(1,443,558

)

Administrative expenses

1,051,308

866,708

(2,457,673

)

(2,310,266

)

Other operating income

141,700

141,700

OPERATING LOSS

5

(2,315,973

)

(2,168,566

)

Group loan waiver

6

1,663,274

1,663,274

(652,699

)

(505,292

)

Other finance income

15

1,000

26,000

LOSS BEFORE TAXATION

(651,699

)

(479,292

)

Tax on loss

7

-

-

LOSS FOR THE FINANCIAL YEAR

(651,699

)

(479,292

)

OTHER COMPREHENSIVE INCOME/(LOSS)

Actuarial gain/(loss) on pension scheme

1,810,000

(576,000

)

Income tax relating to other comprehensive income/(loss)

-

-

OTHER COMPREHENSIVE INCOME/(LOSS) FOR THE YEAR, NET OF INCOME TAX

1,810,000

(576,000

)

TOTAL COMPREHENSIVE INCOME/(LOSS) FOR THE YEAR

1,158,301

(1,055,292

)

FIXED ASSETS

Tangible assets

8

6,281,722

5,303,770

CURRENT ASSETS

Stocks

9

168,506

193,561

Debtors

10

529,369

385,585

Cash at bank and in hand

108,308

234,094

806,183

813,240

CREDITORS

Amounts falling due within one year

11

12,844,288

11,220,694

NET CURRENT LIABILITIES

(12,038,105

)

(10,407,454

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,756,383

)

(5,103,684

)

PENSION ASSET

16

1,834,000

23,000

NET LIABILITIES

(3,922,383

)

(5,080,684

)

CAPITAL AND RESERVES

Called up share capital

14

6,600

6,600

Revaluation reserve

15

379,567

379,567

Capital redemption reserve

15

3,400

3,400

Retained earnings

15

(4,311,950

)

(5,470,251

)

SHAREHOLDERS' FUNDS

(3,922,383

)

(5,080,684

)

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

P Mehta - Director

Called up

Capital

share

Retained

Revaluation

redemption

Total

capital

earnings

reserve

reserve

equity

£

£

£

£

£

Balance at 1 January 2023

6,600

(4,414,959

)

379,567

3,400

(4,025,392

)

Changes in equity

Total comprehensive loss

-

(1,055,292

)

-

-

(1,055,292

)

Balance at 31 December 2023

6,600

(5,470,251

)

379,567

3,400

(5,080,684

)

Changes in equity

Total comprehensive income

-

1,158,301

-

-

1,158,301

Balance at 31 December 2024

6,600

(4,311,950

)

379,567

3,400

(3,922,383

)

1.	STATUTORY INFORMATION

J.E.B. Technologies 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 as modified by the revaluation of certain assets.

Based on discussions with the company's lenders and forecast financial performance, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

The company has the financial support of other group companies, who would provide financial assistance in the event that loans payable by the company become due.

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.

Significant judgements and estimates

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company 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 individual accounting policies below.

Turnover

Turnover represents the value, excluding Value Added Tax, of goods and services supplied to customers during the year. Income is recognised when significant risks and rewards of ownership of the goods have been transferred to the buyer, which depending on the specific contract terms is either on dispatch or delivery of goods. Turnover on customer development and construction projects is recognised in accordance with agreed milestones being met.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

20% on cost, 20% on reducing balance and 10% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

No depreciation is provided on a long term leasehold property where the lease is for a 999 year period, as in the opinion of the directors, the residual value is such that any depreciation charge would be immaterial.

Freehold buildings are improved such that residual values of these properties, based on prices prevailing at the time of acquisition, are at least equal to their book values. It is the opinion of the Directors that depreciation on any such properties as required by the Companies Act and accounting standards would not be material.

Other leasehold property is depreciated over the life of the lease.

Fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Where parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items of property, plant and equipment.

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

Current or deferred taxation assets and liabilities are not discounted.

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

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Research and development

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

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined benefit pension scheme in the United Kingdom. The scheme was closed to new members and accruals from 31 October 2003. The assets of the scheme are held separately from those of the company, being invested with insurance companies.

The pension scheme surplus or deficit is recognised in full on the group balance sheet. The deferred tax relating to a defined benefit asset or liability is offset against the defined benefit asset or liability and not included with other deferred tax assets or liabilities.

Financial instruments

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

3.

TURNOVER

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

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

2024

2023

£

£

Sale of goods

1,561,943

1,573,370

1,561,943

1,573,370

An analysis of turnover by geographical market is given below:

2024

2023

£

£

United Kingdom

799,382

876,353

Europe

670,898

613,233

United States of America

91,663

83,784

1,561,943

1,573,370

4.	EMPLOYEES AND DIRECTORS

2024

2023

£

£

Wages and salaries

2,643,060

2,564,257

Social security costs

260,785

271,371

Other pension costs

326,014

171,714

3,229,859

3,007,342

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

2024

2023

Administration staff

9

9

Production staff

67

70

76

79

2024

2023

£

£

Directors' remuneration

76,924

104,481

Directors' pension contributions to money purchase schemes

24,622

39,812

5.	OPERATING LOSS

The operating loss is stated after charging:

2024

2023

£

£

Hire of plant and machinery

3,751

-

Depreciation - owned assets

32,151

34,295

Auditors' remuneration

37,225

15,500

6.	EXCEPTIONAL ITEMS

2024

2023

£

£

Group loan waiver

1,663,274

1,663,274

7.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose for the year ended 31 December 2024 nor for the year ended 31 December 2023.

Tax effects relating to effects of other comprehensive income

2024

Gross

Tax

Net

£

£

£

Actuarial gain/(loss) on pension scheme

1,810,000

-

1,810,000

2023

Gross

Tax

Net

£

£

£

Actuarial gain/(loss) on pension scheme

(576,000

)

-

(576,000

)

8.	TANGIBLE FIXED ASSETS

Freehold

Fixtures

and long

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST OR VALUATION

At 1 January 2024

5,244,708

6,695,871

188,653

27,250

12,156,482

Additions

1,010,103

-

-

-

1,010,103

At 31 December 2024

6,254,811

6,695,871

188,653

27,250

13,166,585

DEPRECIATION

At 1 January 2024

38,220

6,598,589

188,653

27,250

6,852,712

Charge for year

3,276

28,875

-

-

32,151

At 31 December 2024

41,496

6,627,464

188,653

27,250

6,884,863

NET BOOK VALUE

At 31 December 2024

6,213,315

68,407

-

-

6,281,722

At 31 December 2023

5,206,488

97,282

-

-

5,303,770

Freehold and long leasehold property includes freehold property with a cost and net book value of £5,969,811 (2023: £4,959,707). Leasehold property has a cost of £285,000 (2023: £285,000) and net book value of £243,504 (2023: £246,780).

Cost or valuation at 31 December 2024 is represented by:

Freehold

Fixtures

and long

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

Valuation in 2012

205,487

-

-

-

205,487

Cost

6,049,324

6,695,871

188,653

27,250

12,961,098

6,254,811

6,695,871

188,653

27,250

13,166,585

Freehold and leasehold property were revalued on an open market basis in 2012 by Savills, an independent firm of Chartered Surveyors. The group has decided to adopt the transitional provisions available under FRS 102 and the revalued amount will be used as the deemed cost going forward.

If freehold and leasehold property had not been revalued they would have been included at the following historical cost:

2024

2023

£

£

Cost

2,890,741

2,890,741

Aggregate depreciation

85,415

82,415

9.

STOCKS

2024

2023

£

£

Stocks

129,025

163,240

Work-in-progress

-

30,321

Finished goods

39,481

-

168,506

193,561

10.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

416,256

321,753

Amounts owed by group undertakings

52,512

-

Prepayments and accrued income

60,601

63,832

529,369

385,585

11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other loans (see note 12)

1,996,647

2,354,788

Trade creditors

315,566

114,348

Amounts owed to group undertakings

10,196,890

8,316,372

Tax

33,961

33,961

Social security and other taxes

76,515

101,816

VAT

100,653

184,370

Other creditors

68,656

62,916

Accruals and deferred income

55,400

52,123

12,844,288

11,220,694

12.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Other loans

1,996,647

2,354,788

13.	LEASING AGREEMENTS

Minimum lease receipts under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

141,700

141,700

Between one and five years

424,625

515,100

In more than five years

90,000

270,000

656,325

857,000