REGISTERED NUMBER: 03184259 (England and Wales)

STRATEGIC REPORT, DIRECTORS' REPORT AND

AUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 APRIL 2024 TO 31 DECEMBER 2024

FOR

TIDYCO LIMITED

Page

Company Information

1

Strategic Report

2

Directors' Report

3

Independent Auditors' Report

4

Statement of Income and Retained Earnings

6

Balance Sheet

7

Notes to the Financial Statements

8

DIRECTORS:

F Bruu

G Mattsson

S A Mawby

P I Rowlands

J P Tidy

M R Portsmouth

REGISTERED OFFICE:

Unit 2 Pentagon Island

Nottingham Road

Derby

Derbyshire

DE21 6BW

REGISTERED NUMBER:

03184259 (England and Wales)

AUDITORS:

Magma Audit LLP (part of the Dains Group)

Chartered Accountants

Statutory Auditor

Unit 2, Charnwood Edge Business Park

Syston Road

Leicestershire

LE7 4UZ

The directors present their strategic report for the period 1 April 2024 to 31 December 2024.

REVIEW OF BUSINESS

Tidyco Limited has been a trusted supplier of hydraulic and pneumatic products to the UK rail industry for over 40 years. The company currently operates across six divisions:

-

Rail

-

Hydraulics

-

Pneumatic

-

Climate Control

-

Hose Doctor

-

Electrical

These divisions enable us to offer comprehensive solutions to our clients, supporting a wide range of engineering and maintenance operations within the sector.

PRINCIPAL RISKS AND UNCERTAINTIES

Cashflow risk

The company currently has adequate resources to cover its anticipated working capital requirements for the next 12 months and beyond, therefore we do not consider that we are considerably exposed to any cashflow risks.

Credit risk

The company's principal financial assets are trade and other receivables. We have stringent credit control procedures whereby initial credit check are carried out prior to sales commencing and all customer credit limits are reviewed to ensure they are within their terms and limits and do not exceed the authorised agreements in place.

Liquidity risk

The company uses current cash resources to ensure sufficient funds are available to fund any current ongoing operations and any future developments.

FINANCIAL AND OTHER KEY PERFORMANCE INDICATORS

The performance of the company during the reporting period is summarised below. The directors are very pleased with the results achieved:

Dec 2024

Mar 2024

£

£

Sales

10,322,224

13,315,247

Gross profit

5,330,410

6,837,653

Profit before tax

1,432,273

2,695,069

Employee numbers

78

76

While revenue and profit have declined due to the shortened reporting period (9 months vs. a full year), profitability remains strong, and staff numbers have grown, reflecting continued investment in the workforce.

FUTURE DEVELOPMENTS

The company is actively pursuing opportunities to grow turnover and profitability. Our strategy includes:

-

Driving organic growth across all divisions

-

Enhancing operational efficiencies

-

Expanding our innovation capabilities, especially in reverse-engineering stock items

-

Exploring geographical expansion

We are committed to long-term sustainable growth, innovation, and maintaining our position as a key supplier to the UK rail and engineering sectors.

ON BEHALF OF THE BOARD:

S A Mawby - Director

30 September 2025

The directors present their report with the financial statements of the company for the period 1 April 2024 to 31 December 2024.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of a supplier of hydraulic and pneumatic products.

DIVIDENDS

An interim dividend of £215,147 was paid. The directors recommend that no final dividend will be paid.

DIRECTORS

J P Tidy has held office during the whole of the period from 1 April 2024 to the date of this report.

Other changes in directors holding office are as follows:

F Bruu - appointed 29 October 2024

G Mattsson - appointed 29 October 2024

S A Mawby - appointed 29 October 2024

P I Rowlands - appointed 29 October 2024

D W Tidy - resigned 29 October 2024

M R Portsmouth was appointed as a director after 31 December 2024 but prior to the date of this report.

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). 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

Magma Audit LLP (part of the Dains Group) were appointed as auditors during the year. The auditors, Magma Audit LLP (part of the Dains Group), will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

S A Mawby - Director

30 September 2025

Opinion

We have audited the financial statements of Tidyco Limited (the 'company') for the period 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 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 Directors' Report, but does not include the financial statements and our Auditors' Report 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 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 an Auditors' Report 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:

Based on our understanding of the company and industry, we identified the principal risks of non-compliance with laws and regulations, 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, health and safety and employment law. 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 and management bias in accounting estimates. Audit procedures performed included:

-

Enquiries with management for consideration of known or suspected instances of non-compliance with laws and regulations and fraud;

-

Challenging assumptions made by management in their accounting estimates, in particular in relation to the impairment of stock; and

-

Identifying and testing material journal entries, in particular those journal entries posted with unusual account combinations, journal entries crediting revenue, journal entries crediting cash and journal entries with specific defined descriptions.

There are inherent limitations in the audit procedures described above. The more removed non-compliance with laws and regulations is, from the events and transactions reflected in the financial statements, the less likely we would become aware of it. 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 forgery or intentional misrepresentation, for example, 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 Auditors' Report.

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 an Auditors' Report 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.

Paul Orton FCA FCCA (Senior Statutory Auditor)

for and on behalf of Magma Audit LLP (part of the Dains Group)

Chartered Accountants

Statutory Auditor

Unit 2, Charnwood Edge Business Park

Syston Road

Leicestershire

LE7 4UZ

30 September 2025

TURNOVER

10,322,224

13,315,247

Cost of sales

(4,991,814

)

(6,477,594

)

GROSS PROFIT

5,330,410

6,837,653

Administrative expenses

(4,112,338

)

(4,447,848

)

1,218,072

2,389,805

Other operating income

214,201

305,264

OPERATING PROFIT and

PROFIT BEFORE TAXATION

1,432,273

2,695,069

Tax on profit

6

21,000

(595,701

)

PROFIT FOR THE FINANCIAL PERIOD

1,453,273

2,099,368

Retained earnings at beginning of period

8,553,766

7,286,830

Dividends

7

(215,147

)

(832,432

)

RETAINED EARNINGS AT END OF PERIOD

9,791,892

8,553,766

FIXED ASSETS

Intangible assets

8

-

-

Tangible assets

9

1,041,987

1,198,200

Investments

10

-

2,230,295

1,041,987

3,428,495

CURRENT ASSETS

Stocks

11

2,101,297

2,420,606

Debtors

12

3,524,553

3,070,380

Cash at bank

6,185,959

3,077,900

11,811,809

8,568,886

CREDITORS

Amounts falling due within one year

13

(2,575,454

)

(2,890,286

)

NET CURRENT ASSETS

9,236,355

5,678,600

TOTAL ASSETS LESS CURRENT LIABILITIES

10,278,342

9,107,095

CREDITORS

Amounts falling due after more than one year

14

-

(45,879

)

PROVISIONS FOR LIABILITIES

16

(138,000

)

(159,000

)

NET ASSETS

10,140,342

8,902,216

CAPITAL AND RESERVES

Called up share capital

17

345,000

345,000

Share premium

18

3,450

3,450

Retained earnings

18

9,791,892

8,553,766

SHAREHOLDERS' FUNDS

10,140,342

8,902,216

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

S A Mawby - Director

1.	STATUTORY INFORMATION

Tidyco Limited is a private limited company, limited by shares, registered in England and Wales. Its registered office address is Unit 2 Pentagon Island, Nottingham Road, Derby, Derbyshire, DE21 6BW and the registered number is 03184259.

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 year end of the company was changed from 31 March to 31 December so as to be coterminous with year end of other companies in the Indutrade Group.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Financial Reporting Standard 102 - reduced disclosure exemptions

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

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirement of paragraph 3.17(d);

•

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

•

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

•

the requirements of paragraphs 26.18(b), 26.19 to 26.21 and 26.23;

•

the requirement of paragraph 33.7.

The financial statements of the company are consolidated in the financial statements of the Indutrade AB. Copies of these consolidated financial statements can be obtained from Raseborgsgatan 9 Box 6044, SE-164 06 Kista, Sweden.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sales of goods

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

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

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

- the amount of revenue can be measured reliably;

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

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

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business, is fully amortised at the balance sheet date.

Valuation of investments

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains or losses on remeasurement are recognised in the profit and loss for the period.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

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

estimated useful life.

Improvements to property

- 10% on cost

Plant and machinery

- 25% on reducing balance

Fixture and fittings

- 25% on reducing balance

Motor vehicles

- 25% & 33% on reducing balance

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over the estimated useful lives.

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively, if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the profit and loss.

Government grants

The company has received funding from government bodies. The grant funding is released to the profit and loss account in full in the year the conditions of the grant funding have been met.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

Taxation

The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Operating leases

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

Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

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

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term 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.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3.	CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows:

i) Stock provisioning

The company has products which are subject to changing consumer demands. As a result it is necessary to consider the recoverability of the cost of the stock and the associated provisioning required. When calculating the stock provision, management considers the nature, age and condition of the stock, as well as applying assumptions around the saleability/useability of the stock.

4.	EMPLOYEES AND DIRECTORS

Period

1/4/24

to

Year Ended

31/12/24

31/3/24

£

£

Wages and salaries

2,581,066

2,709,010

Social security costs

268,803

282,980

Other pension costs

174,164

22,611

3,024,033

3,014,601

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

Period

1/4/24

to

Year Ended

31/12/24

31/3/24

Management

7

7

Finance

3

3

Production and maintenance

68

66

78

76

Period

1/4/24

to

Year Ended

31/12/24

31/3/24

£

£

Directors' remuneration

114,398

150,864

Directors' pension contributions to money purchase schemes

19,765

26,436

5.	OPERATING PROFIT

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

Period

1/4/24

to

Year Ended

31/12/24

31/3/24

£

£

Other operating leases

123,916

180,114

Depreciation - owned assets

228,848

354,499

Loss/(profit) on disposal of fixed assets

7,947

(21,400

)

Auditors' remuneration

25,000

25,000

Foreign exchange differences

1,232

4,305

6.

TAXATION

Analysis of the tax (credit)/charge

The tax (credit)/charge on the profit for the period was as follows:

Period

1/4/24

to

Year Ended

31/12/24

31/3/24

£

£

Current tax:

UK corporation tax

-

610,341

Adjustment to prior years

-

(7,640

)

Total current tax

-

602,701

Deferred tax

(21,000

)

(7,000

)

Tax on profit

(21,000

)

595,701

Reconciliation of total tax (credit)/charge included in profit and loss

The tax assessed for the period is lower than the standard rate of corporation tax in the UK. The difference is explained below:

Period

1/4/24

to

Year Ended

31/12/24

31/3/24

£

£

Profit before tax

1,432,273

2,695,069

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

358,068

673,767

Effects of:

Expenses not deductible for tax purposes

54,708

(3,865

)

Income not taxable for tax purposes

(14,147

)

(1,683

)

Depreciation in excess of capital allowances

621

508

Adjustments to tax charge in respect of previous periods

-

(7,640

)

Capital gains

63,100

3,473

Deferred tax not recognised

(1,423

)

(6,124

)

Non-taxable fair value movement

-

(58,141

)

Under-provision

-

(4,594

)

Other permanent differences

(503,771

)

-

Losses carried back

21,844

-

Total tax (credit)/charge

(21,000

)

595,701

7.

DIVIDENDS

Period

1/4/24

to

Year Ended

31/12/24

31/3/24

£

£

Ordinary shares of £1 each

Interim

215,147

832,432

8.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 December 2024

50,001

AMORTISATION

At 1 April 2024

and 31 December 2024

50,001

NET BOOK VALUE

At 31 December 2024

-

At 31 March 2024

-

9.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2024

304,628

571,212

941,885

1,378,147

3,195,872

Additions

-

11,417

65,063

54,622

131,102

Disposals

-

-

-

(130,416

)

(130,416

)

At 31 December 2024

304,628

582,629

1,006,948

1,302,353

3,196,558

DEPRECIATION

At 1 April 2024

60,338

488,682

626,908

821,744

1,997,672

Charge for period

22,847

17,615

71,258

117,128

228,848

Eliminated on disposal

-

-

-

(71,949

)

(71,949

)

At 31 December 2024

83,185

506,297

698,166

866,923

2,154,571

NET BOOK VALUE

At 31 December 2024

221,443

76,332

308,782

435,430

1,041,987

At 31 March 2024

244,290

82,530

314,977

556,403

1,198,200

10.	FIXED ASSET INVESTMENTS

Listed

investments

£

COST

At 1 April 2024

2,230,295

Disposals

(2,230,295

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 March 2024

2,230,295

11.

STOCKS

2024

2024

£

£

Stocks

2,101,297

2,420,606

12.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2024

£

£

Trade debtors

2,759,308

2,330,931

Amounts owed by participating interests

-

569,296

Other debtors

666,064

44,832

Directors' current accounts

-

7,346

Prepayments

99,181

117,975

3,524,553

3,070,380