REGISTERED NUMBER: 01640035 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ELEY LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Director

3

Report of the Independent Auditors

5

Statement of Comprehensive Income

8

Statement of Financial Position

9

Statement of Changes in Equity

10

Notes to the Financial Statements

11

DIRECTOR:

P J Mehta

REGISTERED OFFICE:

Selco Way Off First Avenue

Minworth Industrial Estate

Minworth Sutton Coldfield

West Midlands

B76 1BA

REGISTERED NUMBER:

01640035 (England and Wales)

AUDITORS:

Shaw Gibbs (Audit) Limited

Chartered Certified Accountants

Statutory Auditor

Eagle House

28 Billing Road

Northampton

Northamptonshire

NN1 5AJ

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

REVIEW OF BUSINESS

In the year to 31 December 2024 the company made a profit before tax of £2.718m compared to £3.127m in the prior year. Gross margin was 49.7% compared with 52.9% in 2023. The director believes this represents a good performance in continuing difficult economic conditions. The director believes that the position of the company is strong with positive net assets and liquidity.

PRINCIPAL RISKS AND UNCERTAINTIES

The principal risks are political/legislative changes on firearms control and exposure to increasing price cost for the freight costs of ammunition and the base metal prices due to the intensive use of brass and lead. Competitive pressure worldwide is a continuing risk for the company. The company manages this risk by providing the highest quality products and value added services to its customers, having fast response times to both supply and customer queries, and by maintaining strong customer relationships.

Financial Risk Management

The company's operations are exposed to a variety of financial risks including credit risk, liquidity risk and, foreign currency risk. The company's principle financial instruments compromise primarily sterling, US dollar and Euro cash and bank deposits. The main risks arising from the company's financial instruments can be analysed as follows:

Foreign Currency Risk

Due to the company exporting the majority of its products, it has exposure to foreign currency movements primarily US dollar and Euro. The foreign exchange risk is primarily managed by holding cash resources in foreign currency.

Credit Risk

The company's credit risk is primarily attributable to its trade debtors. As a result credit terms are carefully managed and for many overseas accounts pro-forma payments are required before shipment

Liquidity Risk

The company's view is that any exposure to liquidity risk is small. The cashflow and working capital requirement of the business is strictly monitored by the management team on a regular basis, with due consideration being given to the impact of new business.

KEY PERFORMANCE INDICATORS

The directors have established a number of key performance indicators, which they use to measure and monitor the performance of the company in a number of difference areas. The measures are set out in the table below:

2024

2023

Safety Inspection actions outstanding (target under 10)

0

0

Lost time accidents (target zero)

0

0

SIGNED BY ORDER OF THE DIRECTORS:

P J 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 the manufacture and sale of .22 rimfire ammunition to the sporting industry worldwide.

DIVIDENDS

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

DIRECTORS

P J 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:

P Taylor - resigned 30 September 2024

T S Selvaratnam - resigned 30 September 2024

ENVIRONMENT

The company recognises the importance of its environmental responsibilities, monitors its impact on the environment, and designs and implements policies to mitigate any adverse impact that might be caused by its activities. The company operates in accordance with internal policies, which does not form part of this report. Initiatives aimed at minimising the company's impact on the environment include safe disposal of manufacturing waste, recycling and reducing energy consumption.

DIRECTORS INDEMNITY

The company maintains cover under a qualifying third party indemnity for all directors and officers against liabilities which may be incurred by them whilst acting as directors or officers. The insurance was in force during the financial year and at the date of signing the financial statements.

ENGAGEMENT WITH EMPLOYEES

The company has provides employees with information relevant to their position within the organisation. Applications for employment by people with a disability are always fully considered, bearing in mind the respective aptitudes and abilities of the applicant concerned. In the event of members of staff incurring a disability, every effort is made to ensure that their employment with the company continues and appropriate support is arranged. It is the policy of the company that the training, career development and promotion of a person with a disability should, as far as possible, be identical to that of a person who does not suffer from a disability.

Consultation with employees or their representatives has continued at all levels, with the aim of ensuring that their views are taken into account when decisions are made that are likely to affect their interests.

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). 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, will be proposed for re-appointment at the forthcoming Annual General Meeting.

SIGNED BY ORDER OF THE DIRECTORS:

P J Mehta - Director

29 September 2025

Opinion

We have audited the financial statements of Eley 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 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.

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on pages three and 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:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

We considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following areas: timing of recognition of sales income, posting of unusual journals along with complex transactions, non-compliance with laws and regulations relating to the manufacturing of dangerous materials and manipulating the Company's key performance indicators to meet targets. We discussed these risks with client management, designed audit procedures to test the timing of revenue, reviewed for any issues/breaches in laws and regulations and tested a sample of journals to confirm they were appropriate and reviewed areas of judgement for indicators of management bias to address these risks.

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

Chartered Certified Accountants

Statutory Auditor

Eagle House

28 Billing Road

Northampton

Northamptonshire

NN1 5AJ

30 September 2025

TURNOVER

3

17,699,722

16,132,007

Cost of sales

8,901,143

7,598,670

GROSS PROFIT

8,798,579

8,533,337

Administrative expenses

6,296,595

5,657,934

2,501,984

2,875,403

Other operating income

4

208,170

213,047

OPERATING PROFIT

6

2,710,154

3,088,450

Interest receivable and similar income

7,990

38,492

PROFIT BEFORE TAXATION

2,718,144

3,126,942

Tax on profit

7

630,537

119,242

PROFIT FOR THE FINANCIAL YEAR

2,087,607

3,007,700

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

2,087,607

3,007,700

FIXED ASSETS

Intangible assets

8

100,574

162,901

Tangible assets

9

3,781,846

3,497,103

3,882,420

3,660,004

CURRENT ASSETS

Stocks

10

2,793,959

2,055,425

Debtors

11

20,219,657

17,467,032

Cash at bank and in hand

453,805

686,238

23,467,421

20,208,695

CREDITORS

Amounts falling due within one year

12

2,957,383

2,201,085

NET CURRENT ASSETS

20,510,038

18,007,610

TOTAL ASSETS LESS CURRENT LIABILITIES

24,392,458

21,667,614

PROVISIONS FOR LIABILITIES

15

831,941

194,704

NET ASSETS

23,560,517

21,472,910

CAPITAL AND RESERVES

Called up share capital

16

100

100

Retained earnings

17

23,560,417

21,472,810

SHAREHOLDERS' FUNDS

23,560,517

21,472,910

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

P J Mehta - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2023

100

18,465,110

18,465,210

Changes in equity

Total comprehensive income

-

3,007,700

3,007,700

Balance at 31 December 2023

100

21,472,810

21,472,910

Changes in equity

Total comprehensive income

-

2,087,607

2,087,607

Balance at 31 December 2024

100

23,560,417

23,560,517

1.	STATUTORY INFORMATION

Eley 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.

Going concern

The directors have considered the prospects of the Company and have prepared cash flow forecasts for a period of at least 12 months from date of approval of these financial statements. This included a review and consideration of a number of factors including their evaluation of prevailing market conditions including various assumptions around competition, anticipated sales and operating margins, working capital requirements and financing facilities available. This also included a number of downside scenarios to ensure that Eley's financial planning was robust in all outcomes providing sufficient headroom for all financial requirements. Based on this review the directors continue to adopt the going concern basis in preparing the financial statements.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirement of paragraph 3.17(d);

•

the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

•

the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;

•

the requirement of paragraph 33.7.

This information is contained in the consolidated financial statements of Lunovi Limited and these financial statements may be obtained from Companies House.

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 is measured at 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 turnover is recognised: -

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

- the Company has transferred the significant risks and rewards of ownership to the buyer;

- the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

- the amount of turnover can be measured reliably;

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

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Where payments are received from the customer in advance, the amounts are recorded as deferred income and included as part of the creditors due within one year.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of seven years.

Tangible fixed assets

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

Short leasehold

-

over the life of the lease

Plant and machinery

-

at varying rates on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 in the research phase is written off in the year in which it is incurred. Intangible assets are recognised from the development phase of a project if certain specific criteria are met to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are amortised on a straight line basis over their useful economic life of 7 years.

If it is not possible to distinguish between the research phase and development phase of an internal project the expenditure is treated as if is all incurred in the research phase.

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 contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.

TURNOVER

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

An analysis of turnover by geographical market is given below:

2024

2023

£

£

United Kingdom

3,714,378

2,657,301

Europe

3,893,980

2,700,199

United States of America

3,711,102

4,197,311

Asia

3,028,143

2,879,226

Rest of the World

3,352,119

3,697,970

17,699,722

16,132,007

4.	OTHER OPERATING INCOME

2024

2023

£

£

Sub-tenant recharges

208,170

213,047

5.	EMPLOYEES AND DIRECTORS

2024

2023

£

£

Wages and salaries

4,251,267

4,128,141

Social security costs

435,979

399,857

Other pension costs

209,769

205,270

4,897,015

4,733,268

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

2024

2023

Production

72

68

Administration

26

27

98

95

2024

2023

£

£

Directors' remuneration

166,202

295,184

Directors' pension contributions to money purchase schemes

76,595

95,017

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

Money purchase schemes

2

3

6.	OPERATING PROFIT

The operating profit is stated after charging:

2024

2023

£

£

Hire of plant and machinery

166

434

Other operating leases

503,970

487,495

Depreciation - owned assets

553,083

558,725

Development costs amortisation

62,327

62,328

Auditors' remuneration

22,100

37,000

Foreign exchange differences

59,700

107,463

7.

TAXATION

Analysis of the tax charge

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

2024

2023

£

£

Current tax:

Over/under provision in prior

year

-

(526

)

Deferred tax

630,537

119,768

Tax on profit

630,537

119,242

Reconciliation of total tax 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

2,718,144

3,126,942

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2023 - 23.500%)

679,536

734,831

Effects of:

Expenses not deductible for tax purposes

204

(355

)

Capital allowances in excess of depreciation

(64,008

)

-

Depreciation in excess of capital allowances

-

10,238

Utilisation of tax losses

-

(49,883

)

Adjustments to tax charge in respect of previous periods

-

(526

)

Revenue expenditure capitalised

(31,262

)

-

Group Relief

(568,888

)

(694,831

)

Deferred tax movement

630,537

119,768

Trade intangible fixed asset debits

(15,582

)

-

Total tax charge

630,537

119,242

8.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1 January 2024

and 31 December 2024

515,264

AMORTISATION

At 1 January 2024

352,363

Amortisation for year

62,327

At 31 December 2024

414,690

NET BOOK VALUE

At 31 December 2024

100,574

At 31 December 2023

162,901

9.	TANGIBLE FIXED ASSETS

Assets

Freehold

Short

Plant and

under

property

leasehold

machinery

construction

Totals

£

£

£

£

£

COST

At 1 January 2024

279,870

2,665,922

9,256,239

1,293,029

13,495,060

Additions

-

-

-

837,826

837,826

Reclassification/transfer

-

231,589

387,028

(618,617

)

-

At 31 December 2024

279,870

2,897,511

9,643,267

1,512,238

14,332,886

DEPRECIATION

At 1 January 2024

-

2,468,259

7,529,698

-

9,997,957

Charge for year

-

110,208

442,875

-

553,083

At 31 December 2024

-

2,578,467

7,972,573

-

10,551,040

NET BOOK VALUE

At 31 December 2024

279,870

319,044

1,670,694

1,512,238

3,781,846

At 31 December 2023

279,870

197,663

1,726,541

1,293,029

3,497,103

10.

STOCKS

2024

2023

£

£

Stocks

1,695,870

1,146,500

Work-in-progress

697,757

448,185

Finished goods

400,332

460,740

2,793,959

2,055,425

11.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

2,132,813

1,769,535

Amounts owed by group undertakings

17,800,847

14,090,249

Other debtors

60,000

1,309,167

VAT

14,802

31,899

Prepayments and accrued income

211,195

266,182

20,219,657

17,467,032

12.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 13)

-

192

Trade creditors

2,438,864

1,563,368

Amounts owed to group undertakings

112,000

112,000

Social security and other taxes

106,752

98,509

Other creditors

58,227

185,120

Accruals and deferred income

241,540

241,896

2,957,383

2,201,085