REGISTERED NUMBER: 01819225 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31st December 2024

for

Kelcamp Steel Fencing Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

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

DIRECTORS:

P A Collins

M J Fellows

REGISTERED OFFICE:

Florida Close

Hot Lane Industrial Estate

Burslem

Stoke on Trent

Staffordshire

ST6 2DJ

REGISTERED NUMBER:

01819225 (England and Wales)

AUDITORS:

Richards Sandy Audit Services Limited

(Statutory Auditor)

Thorneloe House

25 Barbourne Road

Worcester

WR1 1RU

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

REVIEW OF BUSINESS

We aim to present a balanced and comprehensive review of the development and performance of our business during the year and its position at the year end. Our review is consistent with the size and non-complex nature of our business and is written in the context of the risks and uncertainties we face.

The company's principal activities during the year have remained unchanged.

We consider that our key finance performance indicators are those that communicate the financial performance and strength of the company as a whole, these being turnover, gross margin and return on equity.

Turnover has fallen from £12,666,037 to £9,934,796, a decrease of 22%.

The gross profit for the year amounted to £2,022,051 compared to £2,355,245 in the previous year. The gross profit margin was 20% compared with 19% for the previous year.

There was an operating profit for the year of £551,874, compared to £792,365 in the previous year.

The company made a one off profit on sale of property in the year to its new parent company of £1,396,352.

PRINCIPAL RISKS AND UNCERTAINTIES

There are a variety of business risks arising from operating within the manufacturing industry. The Directors manage risk associated with general market conditions through knowledge of the industry and monthly management accounts. The Company does not actively use financial instruments as part of its financial risk management and is not exposed to price risk or liquidity risk. It is subject to the usual credit and cashflow risks associated with selling on credit and manages this through credit control procedures.

In line with the rest of the manufacturing sector the Directors have identified the following as the more significant risks and uncertainties faced by the Company: customer retention, margin pressures arising from price sensitivity of contracts, along with increases in labour costs and increases in material costs, and ultimately profitability.

The Directors believe that robust internal control processes in place, strong customer relationships, and excellent levels of customer service, provide the Company with very good protection in relation to the principle risks and uncertainties faced.

ON BEHALF OF THE BOARD:

P A Collins - Director

30th September 2025

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the manufacture and sale of security fencing.

DIVIDENDS

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

DIRECTORS

The directors who have held office during the period from 1st January 2024 to the date of this report are as follows:

A D Smith - resigned 30th April 2024

J D Smith - resigned 30th April 2024

P A Collins - appointed 30th April 2024

M J Fellows - appointed 25th November 2024

DISCLOSURE IN THE STRATEGIC REPORT

Information regarding credit risk can be found in the Strategic Report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he 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:

P A Collins - Director

30th September 2025

Opinion

We have audited the financial statements of Kelcamp Steel Fencing Limited (the 'company') for the year ended 31st 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 31st December 2024 and of its profit for the year then ended;

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

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

Basis for opinion

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

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Comparatives audited by another audit firm

The financial statements of the company for the year ended 31 December 2023 were audited by another auditor who expressed an unmodified opinion on those financial statements.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

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

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

However, it is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, we have:

-

obtained an understanding of the nature of the industry and sector, including the legal and regulatory framework that the company operates in and how the company is complying with the legal and regulatory framework; and

-

inquired of management, and those charged with governance, about their own identification and assessment of the risks of irregularities, including any known actual, suspected or alleged instances of fraud.

As a result of these procedures we consider the most significant laws and regulations that have a direct impact on the financial statements are Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', the Companies Act 2006 (and related legislation), laws and regulations relating to the employment and payment of staff including, but not limited to, the Employment Rights Act 1996, the National Minimum Wage Act 1998 and the Pensions Act 2008, and laws and regulations relating to tax compliance, specifically corporation tax and VAT.

We performed audit procedures to detect non-compliances which may have a material impact on the financial statements, which included reviewing the financial statement disclosures. This includes sample testing of monthly payroll records for the calculation of gross wages, payroll taxes and pension costs. We have also reviewed corporation tax and VAT calculation for the year for indications of material errors, including testing of the VAT treatment on a sample of sales and purchases.

We identified the areas of the financial statements most susceptible to fraud to be management's judgement in calculating work in progress. Audit procedures performed included, but were not limited to, reviewing managements workings behind these calculations, and tracing to source documentation.

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.

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.

Miss Aimee Stinton FCCA (Senior Statutory Auditor)

for and on behalf of Richards Sandy Audit Services Limited

(Statutory Auditor)

Thorneloe House

25 Barbourne Road

Worcester

WR1 1RU

30th September 2025

TURNOVER

4

9,934,796

12,666,037

Cost of sales

7,912,745

10,310,792

GROSS PROFIT

2,022,051

2,355,245

Distribution costs

89,099

90,085

Administrative expenses

1,381,078

1,472,795

1,470,177

1,562,880

OPERATING PROFIT

7

551,874

792,365

Profit on sale of property to parent company

8

1,396,352

-

1,948,226

792,365

Interest receivable and similar income

109

-

PROFIT BEFORE TAXATION

1,948,335

792,365

Tax on profit

9

232,954

192,231

PROFIT FOR THE FINANCIAL YEAR

1,715,381

600,134

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,715,381

600,134

FIXED ASSETS

Intangible assets

10

6,000

-

Tangible assets

11

306,808

889,942

312,808

889,942

CURRENT ASSETS

Stocks

12

407,152

1,003,498

Debtors

13

6,849,883

1,969,685

Cash at bank and in hand

603,150

3,411,946

7,860,185

6,385,129

CREDITORS

Amounts falling due within one year

14

2,564,380

3,381,549

NET CURRENT ASSETS

5,295,805

3,003,580

TOTAL ASSETS LESS CURRENT LIABILITIES

5,608,613

3,893,522

PROVISIONS FOR LIABILITIES

15

32,627

32,917

NET ASSETS

5,575,986

3,860,605

CAPITAL AND RESERVES

Called up share capital

16

1,000

1,000

Capital redemption reserve

17

15,000

15,000

Retained earnings

17

5,559,986

3,844,605

SHAREHOLDERS' FUNDS

5,575,986

3,860,605

The financial statements were approved by the Board of Directors and authorised for issue on 30th September 2025 and were signed on its behalf by:

P A Collins - Director

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1st January 2023

1,000

3,244,471

15,000

3,260,471

Changes in equity

Total comprehensive income

-

600,134

-

600,134

Balance at 31st December 2023

1,000

3,844,605

15,000

3,860,605

Changes in equity

Total comprehensive income

-

1,715,381

-

1,715,381

Balance at 31st December 2024

1,000

5,559,986

15,000

5,575,986

1.	STATUTORY INFORMATION

Kelcamp Steel Fencing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

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.

The accounts are prepared in sterling, which is the functional currency. Monetary amounts in these financial

statements are rounded to the nearest £1.

EXEMPTION FROM PREPARING CASH FLOW STATEMENT

The company has taken advantage of the exemption from the requirement to prepare a cash flow statement available for group companies where the parent of the group prepares consolidated financial statements.

TURNOVER

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods), the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of transactions can be measured reliably.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business, has been fully amortised over its estimated useful life.

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.

Computer software is being amortised evenly over its estimated useful life of ten years.

TANGIBLE FIXED ASSETS

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

Freehold property

-

2% on cost

Plant and machinery

-

20% on cost and 10% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

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.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. For work in progress this is calculated as the raw material cost plus an addition for labour and overheads based on stage of completion.

FINANCIAL INSTRUMENTS

Financial instruments are recognised when the company becomes party to contractual provisions of the instrument.

Financial assets are offset, with the net amounts presented in the accounts where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic Financial Liabilities

Basic financial liabilities, including trade and other payables, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future receipts, discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of the operations from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction.

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.

OPERATING LEASE 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

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.	CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Allocation of production overheads to cost of work in progress

Cost of work in progress manufactured by the company includes an estimate for the allocation of production overheads. This allocation is based on a percentage mark up applied to the calculated wage cost element of direct manufacturing costs, with different percentage mark ups calculated for each of the main locations of manufacture operated by the company.

The value of stock of work in progress at the year end is disclosed in note 12.

Impairment review of stock

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

The value of total stock at the year end is disclosed in note 12.

Depreciation rates applied to tangible fixed assets.

Tangible fixed assets are initially measured at cost, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the basis disclosed in the accounting policies.

The closing net book value at the year end and depreciation charge for the year is disclosed in note 11.

4.

TURNOVER

The turnover and profit 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

9,934,796

12,666,037

9,934,796

12,666,037

An analysis of turnover by geographical market is given below:

2024

2023

£

£

United Kingdom

7,581,211

10,371,118

Europe

2,353,585

2,294,919

9,934,796

12,666,037

5.	EMPLOYEES AND DIRECTORS

2024

2023

£

£

Wages and salaries

1,172,337

1,361,966

Social security costs

121,797

168,300

Other pension costs

22,421

21,925

1,316,555

1,552,191

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

2024

2023

Production

14

19

Administration

6

8

Selling & distribution

5

6

Key management

1

1

26

34

6.	DIRECTORS' EMOLUMENTS

2024

2023

£

£

Directors' remuneration

89,901

208,888

No pension costs were paid in regard to any directors in the year.

7.	OPERATING PROFIT

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

2024

2023

£

£

Rent

156,480

-

Depreciation - owned assets

155,141

147,951

Profit on disposal of fixed assets

(5,000

)

(47,307

)

Auditors remuneration - current year auditor

10,800

-

Auditors remuneration - prior year auditor

-

15,750

8.	EXCEPTIONAL ITEMS

2024

2023

£

£

Profit on sale of property to parent company

1,396,352

-

Following the change in ownership in the year, the new parent company purchased the freehold property of the company for £1,930,000.

9.

TAXATION

Analysis of the tax charge

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

2024

2023

£

£

Current tax:

UK corporation tax

233,244

172,593

Deferred tax:

Origination and reversal of timing differences

(290

)

18,976

Changes in tax rates

-

662

Total deferred tax

(290

)

19,638

Tax on profit

232,954

192,231

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

1,948,335

792,365

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2023 - 23.520%)

487,084

186,364

Effects of:

Expenses not deductible for tax purposes

908

762

Depreciation on freehold property - charge in year

1,574

4,443

Depreciation on freehold property - reversal of past charges on disposal

(102,691

)

-

Indexation on disposal of freehold property

(153,921

)

-

Effect of changes in tax rates on deferred tax movements

-

662

Total tax charge

232,954

192,231

10.	INTANGIBLE FIXED ASSETS

Computer

Goodwill

software

Totals

£

£

£

COST

At 1st January 2024

4,000

-

4,000

Additions

-

6,000

6,000

At 31st December 2024

4,000

6,000

10,000

AMORTISATION

At 1st January 2024

and 31st December 2024

4,000

-

4,000

NET BOOK VALUE

At 31st December 2024

-

6,000

6,000

At 31st December 2023

-

-

-

11.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st January 2024

944,413

2,040,452

279,224

293,104

3,557,193

Additions

-

105,655

-

-

105,655

Disposals

(944,413

)

-

(23,800

)

-

(968,213

)

At 31st December 2024

-

2,146,107

255,424

293,104

2,694,635

DEPRECIATION

At 1st January 2024

404,469

1,908,845

73,327

280,610

2,667,251

Charge for year

6,296

88,411

54,445

5,989

155,141

Eliminated on disposal

(410,765

)

-

(23,800

)

-

(434,565

)

At 31st December 2024

-

1,997,256

103,972

286,599

2,387,827

NET BOOK VALUE

At 31st December 2024

-

148,851

151,452

6,505

306,808

At 31st December 2023

539,944

131,607

205,897

12,494

889,942

12.

STOCKS

2024

2023

£

£

Raw materials

192,769

448,883

Work-in-progress

214,383

554,615

407,152

1,003,498

13.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,566,896

1,885,921

Amounts owed by group companies

5,214,419

-

Amounts owed by non-group related parties

12,342

15,000

Other debtors

7,727

9,241

VAT

7,807

-

Prepayments

40,692

59,523

6,849,883

1,969,685

14.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

1,489,679

1,588,311

Amounts owed to group companies

457,070

-

Corporation tax

233,244

172,593

Social security and other taxes

41,094

60,213

VAT

-

19,289

Other creditors

5,494

395,657

Amounts owed to non-group related parties

251,441

303,352

Directors' loan accounts

6,720

750,000

Accrued expenses

79,638

92,134

2,564,380

3,381,549

15.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

Accelerated capital allowances

32,951

34,781

Other timing differences

(324

)

(1,864

)

32,627

32,917

Deferred

tax

£

Balance at 1st January 2024

32,917

Credit to Statement of Comprehensive Income during year

(290

)

Balance at 31st December 2024

32,627

16.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,000

Ordinary

1

1,000

1,000