REGISTERED NUMBER: 02476049 (England and Wales)

Strategic Report, Directors' Report and

Financial Statements for the Year Ended 31 December 2024

for

Electrical Testing Limited

Page

Company Information

1

Strategic Report

2

Directors' Report

4

Report of the Independent Auditors

7

Statement of Income and Retained Earnings

11

Balance Sheet

12

Notes to the Financial Statements

13

Directors:

Mr S A Hobbs

Mr J N Hill

Mr B Humphrys

Mr J Barker

Secretary:

Mrs M Hobbs

Registered office:

The Bridge

Acle

Norwich

Norfolk

NR13 3AT

Registered number:

02476049 (England and Wales)

Senior statutory auditor:

Mr Jeremy Laurence Hyde FCCA

Auditors:

CG LEE Limited

Ingram House

6 Meridian Way

Norwich

NR7 0TA

This report is based on the financial statements for Electrical Testing Limited to 31st December 2024. They contain company information (list of directors, company number etc), a report from the directors, a report from the auditors, an income statement, balance sheet and profit and loss account.

Within these accounts are other comments from our financial auditors that are legalistic and detail the legislation that the company has adhered to and that the accounts have been prepared correctly.

The purpose of this report is to review the performance of the business in 2024.

Review of business and future outlook

In the past year, Electrical Testing Limited has prioritised strengthening its core service offerings, with a keen focus on the consolidation of our existing markets. A significant part of our strategy has been to enhance our UKAS 17020 inspection services and solidify our presence in the highway electrical connections sector, areas where we already excel and see potential for further growth.

Our approach for 2024 has been to deepen our market penetration by refining the quality and breadth of services we offer. This includes a concerted effort to improve customer satisfaction through the delivery of exceptional service and the development of innovative software solutions that enhance operational efficiency.

As part of our commitment to maintain leadership in our field, we are also expanding our services to address the evolving needs of the electric vehicle (EV) charging infrastructure market. This expansion not only diversifies our service portfolio but also ensures we remain at the forefront of industry developments.

The establishment of specialised traffic management division is a strategic move to complement our existing offerings, enabling us to offer comprehensive solutions tailored to the unique requirements of our clients in the highway electrical and EV charging sectors.

Our focus on continuous improvement is underscored by our investment in research and development, aiming to introduce new technologies and methodologies that elevate the standard of our services. This initiative is coupled with a robust quality assurance program and active engagement with our clients to gather feedback and identify opportunities for service enhancement.

With an overarching goal of solidifying our market position and enhancing our core service offerings, Electrical Testing Limited is dedicated to ensuring the highest levels of service excellence and customer satisfaction. Our strategic focus on consolidation, coupled with our commitment to innovation and quality, positions us to achieve sustained growth and success in our industry.

Financial Highlights

The directors consider that the key performance indicators (KPIs) are turnover and profit or loss before taxation. The KPIs for the year ended 31 December 2024 with comparatives for the year ended 31 December 2023 are as follows:

Turnover for the year ended 31 December 2024 is £13,735,449 (2023: £13,714,399)

Profit before taxation for the year ended 31 December 2024 is £1,657,786 (2023: profit of £818,353)

Principal risks and uncertainties

Principal risks and uncertainties are categorised as operational risks, commercial risks, ethical risks, environmental risks and training risks.

Risk analysis is considered a key business activity and we maintain a risk control spreadsheet that:-

1) Accurately identifies the category of risk

2) Provides details of the risk

3) Specifies the measures in place to minimise the risk and:

4) Details the potential consequences if the risk is not managed or mitigated

The risk register is discussed during board meetings and is regularly reviewed, updated and revised as necessary. It is considered that all risks identified are currently managed or mitigated.

By order of the board:

Mr S A Hobbs - Director

25 September 2025

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

Principal activity

We are a leading provider of Highways Services in the United Kingdom. With over 30 years of experience, we have built the business on a foundation of trust, performance and unparalleled customer service.

Our team of chartered engineers and specialists work with a large range of clients across the UK, from local authorities and contractors to consultants and individuals. We're proud to be recognised as a significant independent player in the world of electrical inspection and testing, connections and training in cities and on highways across the country.

We're respected as one of the first independent companies to receive accreditation under the National Electricity Registration Scheme (NERS) run by Lloyds Register on behalf of the UK Distribution Network Operators.

With a commitment to modernisation, impartiality and technological innovation, we aim higher, to raise the bar and set the standards for others to follow.

We employ only the best staff, offering a broad range of experience and skills across industry, and we inspect and test a complete range of premises including Government buildings, MOD sites, petrol and oil installations, swimming pools, tower blocks, shopping malls, council assets, utility company assets, museums, public buildings, office blocks and private homes.

We offer a wide spectrum of services including electrical testing and inspections, Underground cable route tracing and plotting, Thermographic surveys, Street lighting data collection surveys, Jointing (live/dead) of street light columns, Structural testing street lighting using Dipstik, Underground cable fault locating.

We are approved to the highest standards for technical expertise, quality, environmental standards and health & safety. This is demonstrated with registrations held through UKAS, Lloyds (NERS), HEA (HERS), NICEIC, Lantra Awards and City and Guilds.

Dividends

The total distribution of dividends for the year ended 31 December 2024 was £440,206 (2023 - £447,224).

Research and development

The company continues to invest in research and development activities to support improvements in internal systems and proprietary service tools.

Directors

The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

Mr S A Hobbs

Mr J N Hill

Mr B Humphrys

Mr J Barker

Other changes in directors holding office are as follows:

Mr A J Hobbs - resigned 29 October 2024

Mrs E J Hobbs - resigned 29 October 2024

During the period Mr S A Hobbs, Mr A J Hobbs and Mrs E J Hobbs were directors of Electrical Testing (Holdings) Limited, the ultimate parent company. Mr S A Hobbs was a director for the entire period and Mr A J Hobbs and Mrs E J Hobbs resigned 29 October 2024.

Matters included in the strategic report

Details regarding a review of the business, including future developments, principal risk and uncertainties are provided in the strategic report on pages 2 and 3.

Statement of directors' responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' Report 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), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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.

Auditors

The auditors, CG LEE Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

By order of the board:

Mr S A Hobbs - Director

25 September 2025

Opinion

We have audited the financial statements of Electrical Testing Limited (the 'company') for the year ended 31 December 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 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.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Directors' Report, 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 Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

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

Matters on which we are required to report by exception

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

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

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

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

-	certain disclosures of 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 five, 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.

The extent to which our procedures are capable of detecting 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.

Based on our understanding of the company and industry, we identified that the principal risks of non-compliance with laws and regulations related to employment laws and tax legislation, and we considered the extent to which non­ compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the financial statements such as the Companies Act 2006. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries to revenue and management bias in accounting estimates. Audit procedures performed by the engagement team included:

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

- evaluating management's controls designed to prevent and detect irregularities;

- identifying and testing of journal entries for appropriateness and evaluating the business rationale of significant transactions outside the normal course of business; and

- reviewing significant accounting estimates for management bias.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

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.

Mr Jeremy Laurence Hyde FCCA (Senior Statutory Auditor)

for and on behalf of CG LEE Limited

Ingram House

6 Meridian Way

Norwich

NR7 0TA

25 September 2025

Turnover

3

13,735,449

13,714,399

Cost of sales

(7,229,194

)

(8,110,435

)

Gross profit

6,506,255

5,603,964

Administrative expenses

(4,947,290

)

(4,821,290

)

Operating profit

5

1,558,965

782,674

Interest receivable and similar income

98,901

35,731

1,657,866

818,405

Interest payable and similar expenses

6

(80

)

(52

)

Profit before taxation

1,657,786

818,353

Tax on profit

7

(340,338

)

(137,011

)

Profit for the financial year

1,317,448

681,342

Retained earnings at beginning of year

6,454,839

6,220,721

Dividends

8

(440,206

)

(447,224

)

Retained earnings at end of year

7,332,081

6,454,839

Fixed assets

Tangible assets

9

1,307,535

1,108,769

Current assets

Stocks

10

473,021

467,877

Debtors

11

2,222,573

2,673,825

Cash at bank and in hand

4,445,301

3,318,028

7,140,895

6,459,730

Creditors

Amounts falling due within one year

12

(1,046,983

)

(1,038,607

)

Net current assets

6,093,912

5,421,123

Total assets less current liabilities

7,401,447

6,529,892

Provisions for liabilities

14

(68,366

)

(74,053

)

Net assets

7,333,081

6,455,839

Capital and reserves

Called up share capital

15

1,000

1,000

Retained earnings

16

7,332,081

6,454,839

Shareholders' funds

7,333,081

6,455,839

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

Mr S A Hobbs - Director

1.	Statement of compliance

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.

2.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Financial Reporting Standard 102 - reduced disclosure exemptions

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

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirement of paragraph 33.7.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The critical accounting judgements and key sources of estimation uncertainty are considered to be:-

Tangible fixed assets

At the balance sheet date management reviews the carrying value of fixed assets achievable on a third party sale and compares this to the net book value to determine if there are any indicators of impairment.

Debtors

Management compares the year end debtors to afterdate cash receipts and trading activity for recoverability. Year end amounts considered irrecoverable are provided for in the accounts.

Work in hand

Management reviews invoices raised after the balance sheet date to ensure amounts are fully recoverable.

Turnover

Turnover is measured at the fair value of consideration received or receivable, excluding discounts, rebates, VAT and other sales taxes. Revenue is recognised at the point at which the company satisfies its performance obligations under a contract and has enforceable right to payment. The specific revenue recognition points for each income stream are as follows:-

Income generated from highways contracts is recognised upon completion of the contracted works or services. Contracts which comprise stage payments are recognised at each milestone.

Income generated from Electric Vehicle ("EV") Charging Infrastructure contracts is recognised when installation or testing is completed.

Income generated from connections contracts is recognised after testing and verification, i.e. upon completion.

Income generated from other contract works and multi-stage projects is recognised in accordance with the individual contracts, typically at milestone points of on full completion.

Income generated from the provision of training services is recognised when the training has been delivered in full. Where courses are prepaid the income is deferred and recognised in the period the training is delivered.

Tangible fixed assets

Tangible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Improvements to property - 4% on a straight line basis

Plant and machinery - 15% on a reducing balance basis

Fixtures and fittings - 25% on a reducing balance basis

Computer equipment - 25% on a straight line basis

Motor Vehicles - 25% on a straight line basis

Stocks

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

slow moving items. Net realisable value is calculated at the lower of cost or selling price less cost to complete.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. 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 Income Statement, 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.

Research and development

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

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.

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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.

Trade and other debtors including applications

Trade and other debtors that are receivable in one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment. Those that are receivable after more than one year or that constitute a financing transaction are recorded initially at fair value less transaction costs and subsequently at amortised cost, net of impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash in hand and deposits held at call with banks.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

3.

Turnover

The directors are of the opinion that there is only one segment of business for the company included within turnover, which is the provision of highway services, and consequently no segmental analysis by activity has been provided. Turnover was wholly generated in the United Kingdom.

4.	Employees and directors

2024

2023

£

£

Wages and salaries

2,154,907

2,161,627

Social security costs

71,058

61,298

Other pension costs

48,372

36,574

2,274,337

2,259,499

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

2024

2023

Directors

6

6

Sales

3

3

Administration

33

36

42

45

2024

2023

£

£

Directors' remuneration

588,894

577,749

Directors' pension contributions to money purchase schemes

21,621

8,377

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

Money purchase schemes

3

3

Information regarding the highest paid director is as follows:

2024

2023

£

£

Emoluments etc

211,063

202,467

Pension contributions to money purchase schemes

18,979

5,735

5.	Operating profit

The operating profit is stated after charging:

2024

2023

£

£

Other operating leases

63,053

68,659

Depreciation - owned assets

132,167

109,339

Loss on disposal of fixed assets

64,367

3,725

Auditors' remuneration

13,750

11,750

6.

Interest payable and similar expenses

2024

2023

£

£

Late payment interest

80

52

7.

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

346,025

139,698

Deferred tax

(5,687

)

(2,687

)

Tax on profit

340,338

137,011

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

1,657,786

818,353

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

414,447

204,588

Effects of:

Expenses not deductible for tax purposes

10,739

5,832

Income not taxable for tax purposes

(79,083

)

(58,910

)

Structures & building allowance

(5,765

)

(5,404

)

Super deduction allowance

-

(303

)

Change in tax rate

-

(8,792

)

Total tax charge

340,338

137,011

8.

Dividends

2024

2023

£

£

Ordinary shares of £1 each

Interim

379,996

420,000

Ordinary B share of £1

Interim

32,605

13,612

Ordinary C share of £1

Interim

27,605

13,612

440,206

447,224

9.	Tangible fixed assets

Improvements

Long

Plant and

to property

leasehold

machinery

£

£

£

Cost

At 1 January 2024

774,517

198,199

443,388

Additions

270,455

-

34,801

Disposals

-

-

(114,881

)

At 31 December 2024

1,044,972

198,199

363,308

Depreciation

At 1 January 2024

130,979

-

254,817

Charge for year

47,610

-

24,701

Eliminated on disposal

-

-

(56,182

)

At 31 December 2024

178,589

-

223,336

Net book value

At 31 December 2024

866,383

198,199

139,972

At 31 December 2023

643,538

198,199

188,571

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 January 2024

43,877

701,234

271,472

2,432,687

Additions

9,430

27,008

56,438

398,132

Disposals

(2,500

)

(9,350

)

(46,449

)

(173,180

)

At 31 December 2024

50,807

718,892

281,461

2,657,639

Depreciation

At 1 January 2024

26,440

699,169

212,513

1,323,918

Charge for year

6,546

8,540

44,770

132,167

Eliminated on disposal

(1,818

)

(9,072

)

(38,909

)

(105,981

)

At 31 December 2024

31,168

698,637

218,374

1,350,104

Net book value

At 31 December 2024

19,639

20,255

63,087

1,307,535

At 31 December 2023

17,437

2,065

58,959

1,108,769