REGISTERED NUMBER: 03139661 (England and Wales)

XDP Limited

Strategic Report, Report of the Directors and

Financial Statements

for the Period 30 December 2024 to 29 June 2025

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Income Statement

7

Other Comprehensive Income

8

Balance Sheet

9

Statement of Changes in Equity

10

Cash Flow Statement

11

Notes to the Cash Flow Statement

12

Notes to the Financial Statements

13

DIRECTORS:

L S John

I V C Wayte

D L Jagger

SECRETARY:

J N J L Jagger

REGISTERED OFFICE:

Curdworth House

Kingsbury Road

Curdworth

Sutton Coldfield

West Midlands

B76 9EE

REGISTERED NUMBER:

03139661 (England and Wales)

AUDITORS:

TC Group

Statutory Auditor

Sterling House

97 Lichfield Street

Tamworth

Staffordshire

B79 7QF

BANKERS:

Lloyds Bank Plc

125 Colmore Row

Birmingham

B3 3SF

The directors present their strategic report for the period 30 December 2024 to 29 June 2025.

COMPANY OVERVIEW

XDP Ltd continues to be managed by the founding family as it has been since inception in 1995. The company's mission and values remain centred on providing a best-in-class service to customers while delivering exceptional value for money. The company takes pride in the quality of its employees and the environment fostered to support their success.

The business model is designed to provide flexibility and agility to meet the diverse and changing demands of its customers, offering competitive advantage within a challenging logistics market.

The principal activity of the company remains the delivery of non-standard parcel traffic and freight, particularly within the irregular dimensions and weight (IDW) sector for business-to-consumer clients. Deliveries are undertaken throughout the UK via corporate operating centres and strategic delivery partners.

PRINCIPAL RISKS AND UNCERTAINTIES

The company remains exposed to risks linked to consumer spending levels and heightened competition in the IDW and large-parcel markets.

Management continues to mitigate these risks through disciplined cost management, investment in reporting and service performance, and the introduction of new service offerings. The planned launch of the 1-Plus service in September 2025 and further technology work will help bridge any gaps.

REVIEW OF BUSINESS

The six months to 29 June 2025 marked a period of continued recovery and operational improvement. Building on the efficiencies established in 2024, management maintained a strong focus on cost control, service quality, and customer retention.

At the same time, work progressed on the development of additional service offerings designed to diversify the company's portfolio. This included preparatory work on the "1-Plus" service, bridging 1-man and 2-man deliveries, scheduled for launch in September 2025, alongside exploration of sector-specific solutions for furniture, home improvement, and white goods.

Financially, sales revenue increased by approximately £800k compared with the same period in 2024, while profit before tax for the six months was £2.1m. This represents a significant improvement on the prior period and reflects the combined effect of efficiency measures and steady demand.

Post period end

Trading since June has remained stable. Early customer engagement with forthcoming service offerings has been positive, with several accounts expressing interest in trialling the 1-Plus option. The reduced cost base means the company remains profitable even with modest sales levels.

KEY PERFORMANCE INDICATORS AND RESULTS

- Profit for the six months period ending 29 June 2025: £2,131,353 (2024: loss of £671,573 for 12 months).

- Sales revenue (H1 2025): up c. £800k versus H1 2024.

- Customer in-flight requests: 25% improvement, reflecting faster response to live delivery changes and greater

flexibility for consignees.

- Collections performance: 5% improvement in on-time collections compared with H1 2024.

- Scan performance: 7% improvement in timeliness and accuracy of network scan events, providing customers with

stronger visibility of freight status.

ON BEHALF OF THE BOARD:

I V C Wayte - Director

29 September 2025

The directors present their report with the financial statements of the company for the period 30 December 2024 to 29 June 2025.

DIVIDENDS

An interim dividend of £70,000 on the Ordinary A shares was paid in May 2025.

An interim dividend of £35,000 on the Ordinary B shares was paid in June 2025.

The total distribution of dividends for the period ended 29 June 2025 will be £105,000.

DIRECTORS

The directors shown below have held office during the whole of the period from 30 December 2024 to the date of this report.

L S John

I V C Wayte

D L Jagger

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 or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, TC Group, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

I V C Wayte - Director

29 September 2025

Opinion

We have audited the financial statements of XDP Limited (the 'company') for the period ended 29 June 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, 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 29 June 2025 and of its profit for the period 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 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Extent to which the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit, in respect to fraud, are: to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses; and to respond appropriately to fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and its management.

Our approach was as follows:

- we identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience, and through discussion with the directors and other management (as required by auditing standards), and discussed with the directors and other management the policies and procedures regarding compliance with laws and regulations;

- we considered the legal and regulatory frameworks directly applicable to the financial statements reporting framework (FRS 102 and the Companies Act 2006) and the relevant tax compliance regulations in the UK;

- we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate or to avoid material penalty. These include the impact of import restrictions.

- we considered the nature of the industry, the control environment and business performance, including the key drivers for management’s remuneration;

- we communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit, also all areas where fraud might occur in the financial statements and how;

- we considered the procedures and controls that the company has established to address risks identified, or that otherwise prevent, deter and detect fraud; and how senior management monitors these programmes and controls;

- we considered how the directors and management respond to risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;

- we performed detailed analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

- provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate or to avoid material penalty. These include the impact of the working time directive and tachograph rules as well ass adherence to vehicle and operator services agency (VOSA).

Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Where the risk was considered to be higher, we performed audit procedures to address each identified fraud risk. These procedures included: testing manual journals; reviewing the financial statement disclosures and testing to supporting documentation; performing analytical procedures; and enquiring of management, and were designed to provide reasonable assurance that the financial statements were free from fraud or error.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. 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 are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Stephen Butler BA FCA (Senior Statutory Auditor)

for and on behalf of TC Group

Statutory Auditor

Sterling House

97 Lichfield Street

Tamworth

Staffordshire

B79 7QF

29 September 2025

TURNOVER

3

19,723,295

35,391,387

Cost of sales

13,596,858

27,708,536

GROSS PROFIT

6,126,437

7,682,851

Administrative expenses

3,971,383

8,326,323

OPERATING PROFIT/(LOSS)

5

2,155,054

(643,472

)

Interest receivable and similar income

429

208

2,155,483

(643,264

)

Interest payable and similar expenses

6

24,132

27,309

PROFIT/(LOSS) BEFORE TAXATION

2,131,351

(670,573

)

Tax on profit/(loss)

7

607,319

(766,005

)

PROFIT FOR THE FINANCIAL PERIOD

1,524,032

95,432

PROFIT FOR THE PERIOD

1,524,032

95,432

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD

1,524,032

95,432

FIXED ASSETS

Tangible assets

9

2,168,057

2,268,486

CURRENT ASSETS

Stocks

10

21,262

22,024

Debtors

11

5,011,127

3,221,394

Cash at bank and in hand

557,997

61,508

5,590,386

3,304,926

CREDITORS

Amounts falling due within one year

12

5,037,630

4,233,998

NET CURRENT ASSETS/(LIABILITIES)

552,756

(929,072

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,720,813

1,339,414

CREDITORS

Amounts falling due after more than one year

13

(389,756

)

(678,561

)

PROVISIONS FOR LIABILITIES

17

(251,172

)

-

NET ASSETS

2,079,885

660,853

CAPITAL AND RESERVES

Called up share capital

18

100,000

100,000

Retained earnings

19

1,979,885

560,853

SHAREHOLDERS' FUNDS

2,079,885

660,853

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

I V C Wayte - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2024

100,000

465,421

565,421

Changes in equity

Total comprehensive income

-

95,432

95,432

Balance at 29 December 2024

100,000

560,853

660,853

Changes in equity

Dividends

-

(105,000

)

(105,000

)

Total comprehensive income

-

1,524,032

1,524,032

Balance at 29 June 2025

100,000

1,979,885

2,079,885

Cash flows from operating activities

Cash generated from operations

1

1,171,221

79,139

Interest paid

(146

)

-

Interest element of hire purchase payments paid

(23,986

)

(27,309

)

Tax paid

(6,498

)

26,049

Net cash from operating activities

1,140,591

77,879

Cash flows from investing activities

Purchase of tangible fixed assets

(233,190

)

(84,440

)

Sale of tangible fixed assets

8,100

4,149

Interest received

429

208

Net cash from investing activities

(224,661

)

(80,083

)

Cash flows from financing activities

Intercompany movements

(17,084

)

352,037

Capital repayments in year

(114,363

)

(298,696

)

Amount introduced by directors

19,254

-

Equity dividends paid

(105,000

)

-

Net cash from financing activities

(217,193

)

53,341

Increase in cash and cash equivalents

698,737

51,137

Cash and cash equivalents at beginning of period

2

(150,504

)

(201,641

)

Cash and cash equivalents at end of period

2

548,233

(150,504

)

1.	RECONCILIATION OF PROFIT/(LOSS) BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

Period

Period

30.12.24

1.1.24

to

to

29.6.25

29.12.24

£

£

Profit/(loss) before taxation

2,131,351

(670,573

)

Depreciation charges

288,838

629,730

Loss on disposal of fixed assets

36,683

18,183

Finance costs

24,132

27,309

Finance income

(429

)

(208

)

2,480,575

4,441

Decrease/(increase) in stocks

762

(398

)

(Increase)/decrease in trade and other debtors

(2,318,080

)

737,680

Increase/(decrease) in trade and other creditors

1,007,964

(662,584

)

Cash generated from operations

1,171,221

79,139

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Period ended 29 June 2025

29.6.25

30.12.24

£

£

Cash and cash equivalents

557,997

61,508

Bank overdrafts

(9,764

)

(212,012

)

548,233

(150,504

)

Period ended 29 December 2024

29.12.24

1.1.24

£

£

Cash and cash equivalents

61,508

55,759

Bank overdrafts

(212,012

)

(257,400

)

(150,504

)

(201,641

)

3.	ANALYSIS OF CHANGES IN NET DEBT

At 30.12.24

Cash flow

At 29.6.25

£

£

£

Net cash

Cash at bank and in hand

61,508

496,489

557,997

Bank overdrafts

(212,012

)

202,248

(9,764

)

(150,504

)

698,737

548,233

Debt

Finance leases

(800,601

)

114,363

(686,238

)

(800,601

)

114,363

(686,238

)

Total

(951,105

)

813,100

(138,005

)

1.	STATUTORY INFORMATION

XDP 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 financial statements have been prepared on a going concern basis which assumes that the company will continue to operate for the foreseeable future.

The directors have reasonable expectation that the company has adequate resources to continue operations for the foreseeable future. For this reason, together with the continued support of the directors, they are continuing to adopt the going concern basis.

Significant judgements and estimates

In the application of the company's accounting policies, the directors make estimates and assumptions concerning the future. Management are also required to exercise judgement in the process of applying the company's accounting policies. 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.

The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below:

In preparing these financial statements, the directors have made the following judgements:

- Determine whether leases entered into by the company either as a lessor or a lessee are operating or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis based on an evaluation of the terms and conditions of the arrangements, and accordingly whether the lease requires an asset and liability to be recognised in the statement of financial position.

- A provision is recognised when the company has a present legal or constructive obligation as a result of a past event for which it is probable that an outflow of resources will be required to settle the obligation and the amount can be reliably estimated. If the effect is material, provisions are determined by discounting the expected future cash flow at a rate that reflects the time value of money and the risks specific to the liability.

- Whether a present obligation is probable or not requires judgement. The nature and type of risks for these provisions differ and management's judgement is applied regarding the nature and extent of obligations in deciding if an outflow of resources is probable or not.

- Depreciation and residual values. Management have reviewed the asset lives and associated residual values of all fixed asset classes and concluded that they are appropriate.

The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset, technological advancement, future investments, economic utilisation and the physical condition of the assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Long leasehold

-

Straight line over the life of the lease

Fixtures and fittings

-

15% on cost

Motor vehicles

-

10%-25% on cost

Computer equipment

-

33% on cost and 25% on cost

Stocks

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

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are

measured initially at fair value, net of transaction costs, and are measured subsequently at

amortised cost using the effective interest method, less any impairment.

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank

loans, are measured initially at fair value, net of transaction costs, and are measured subsequently

at amortised cost using the effective interest method.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without

penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that

mature in no more than three months from the date of acquisition and that are readily convertible to

known amounts of cash with insignificant risk of change in value.

Taxation

Taxation for the period 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 period end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a 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.

3.

TURNOVER

The turnover and profit (2024 - loss) before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

Period

Period

30.12.24

1.1.24

to

to

29.6.25

29.12.24

£

£

United Kingdom

18,444,991

30,191,560

Europe

842,365

3,733,053

Rest of the World

435,939

1,466,774

19,723,295

35,391,387

4.	EMPLOYEES AND DIRECTORS

Period

Period

30.12.24

1.1.24

to

to

29.6.25

29.12.24

£

£

Wages and salaries

4,426,235

9,578,398

Social security costs

179,063

436,266

Other pension costs

86,383

102,464

4,691,681

10,117,128

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

Period

Period

30.12.24

1.1.24

to

to

29.6.25

29.12.24

Driver/Warehouse

89

122

Administration

26

36

Salesman

4

6

119

164

Period

Period

30.12.24

1.1.24

to

to

29.6.25

29.12.24

£

£

Directors' remuneration

50,045

93,750

5.	OPERATING PROFIT/(LOSS)

The operating profit (2024 - operating loss) is stated after charging:

Period

Period

30.12.24

1.1.24

to

to

29.6.25

29.12.24

£

£

Depreciation - owned assets

145,199

476,600

Depreciation - assets on hire purchase contracts

143,637

153,423

Loss on disposal of fixed assets

36,683

18,183

Auditors' remuneration

27,265

40,915