REGISTERED NUMBER: 04185518 (England and Wales)

PetroStrat Limited

Group Strategic Report,

Report of the Directors and

Consolidated Financial Statements

for the Period 1 April 2024 to 31 December 2024

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

5

Consolidated Income Statement

8

Consolidated Other Comprehensive Income

9

Consolidated Balance Sheet

10

Company Balance Sheet

11

Consolidated Statement of Changes in Equity

12

Company Statement of Changes in Equity

13

Consolidated Cash Flow Statement

14

Notes to the Consolidated Cash Flow Statement

15

Notes to the Consolidated Financial Statements

16

DIRECTORS:

Mr P Cornick

Mr M F Weldon

Dr F J Gregory

Dr D C Rutledge

Mr K L Field

Dr G S Aillud

Mr P J Johnson

Mr D G Roberts

SECRETARY:

Mr P J Johnson

REGISTERED OFFICE:

Unit 8 Tan-y-Graig

Parc Caer Seion

Conwy

LL32 8FA

REGISTERED NUMBER:

04185518 (England and Wales)

AUDITORS:

Salisbury & Company Business Solutions Limited

Statutory Auditors

Chartered Accountants

Irish Square

Upper Denbigh Road

St Asaph

Denbighshire

LL17 0RN

BANKERS:

HSBC plc

60 Mostyn Street

Llandudno

Gwynedd

LL30 2SF

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

REVIEW OF BUSINESS

PetroStrat Limited changed its accounting date to 31st December to be in-line with all the subsidiaries and now have one common accounting end date.

The group made a profit after taxation for the year of £732k (2024: profit £1,112k). On a like for like basis, revenue was up on prior year. Europe continued to grow, fuelled by increased revenue in Norway through increased offshore work and after a number of years of decline, there was growth in the UK market. In the Rest of World (ROW) market, after the prior year higher revenues in North America & Gulf of Mexico (NAGOM) revenues reduced to more normal levels but a large Multi Client study helped push revenues to just below the prior year. Continuing in ROW market, Middle East, Latin America & Asia Pacific revenues grew, more than compensating for the reduction in Africa this being driven by offshore activity. Overall, the percentage of revenue from offshore work reduced and along with increased salary and costs operating profit reduced to 6.8% from 9.1% in the prior year.

The net assets of the Company increased to £3.8m.

During the year the Company paid a dividend of £300,000.

PRINCIPAL RISKS AND UNCERTAINTIES

Commercial Risk

The war in Ukraine continues, the global oil price and security of supply have adjusted, but with the increased conflict in parts of the Middle East, uncertainty still remains and continues to impact the global oil price and security of supply leading to potential economic impacts both in the UK and globally. The company is subject to the risks and volatility in the oil and gas price and has identified risks and uncertainties to these and others relevant to its business and these include, but not limited to the following :-

- Volatility of future oil and gas prices

- Reduction in future fossil fuel energy and alternative sources of energy supply

- Geopolitical unrest, conflict and sanctions

- Credit and treasury risks (liquidity/foreign exchange) and

- General economic conditions

Liquidity Risk

The company seeks to manage financial risk, to ensure sufficient liquidity is available to meet foreseeable needs and to invest cash assets safely and profitably. All cash accounts are managed centrally by Petrostrat Ltd. The current overdraft facility with HSBC is £250,000.

Cash Flow Risk

The company can have both interest bearing assets and liabilities which are generally held at floating rates. These are monitored and the company does not hedge interest rate risk

Credit Risk

The company has implemented policies that require appropriate credit checks on customers before sales are made. The overall indebtedness is monitored closely by the company's finance team.

Foreign Exchange Risk

The company has assets and liabilities in foreign currencies. To meet operational needs the company forward purchase US Dollars for periods up to one year to match receipts from third party customers.

Many of the risks and uncertainties as mentioned above are beyond the company's control. The company has taken steps to manage and minimise certain risks and uncertainties. These include :-

- Looking at investments in energy transition markets and alternative revenue streams;

- Maintaining a highly experienced and professional team;

- Applying procedures /controls to manage financial exposures, operational and information technological risks;

- Applying procedure/controls to manage safety, environmental and occupational health measures;

- Employing insurance, risk management and disaster recovery programmes and;

- Regular reviews of the company's operational results.

SECTION 172(1) STATEMENT

The companies ( Misellaneous Reporting) Regulations 2018 requires the directors to state how they have discharged their duties under section 172 of the Companies Act 2006. Section 172 places a duty on the directors to promote the of the company for the benefit of its members as a whole and with regard to broader stakeholder interests.

DECISION MAKING AND STANDARDS OF BUSINESS CONDUCT

In carrying out their responsibilities to the company's shareholders, the directors give due consideration for the likely long-term consequences of their decisions on Petrostrat and the maintenance of Petrostrat's reputation for the highest standards of business conduct. The directors also have regard for the interests of the company's employees, business relationships with the company's stakeholders, the environmental impact of the company's operations and the environment in which it operates. Consideration of these factors and other relevant matters has been fundamental to all aspects of the directors' decision making process during the year and in evaluating the risks facing the company.

OUTLOOK

With the previously announced acquisition of Viridien's Geology group on 1st February 2025, the company will be focused on integrating these 69 employees into the business and developing/expanding the Middle East and African markets through our Exploration team. The company will continue to support its main traditional market in the energy sector whilst growing revenue in energy transition market and digitalisation of our product offerings. Our new digital product, Connect, has been launched increasing our product offering and revenue streams. The large Multi Client study in NAGOM will be completed and the company is looking to grow Multi Clients study revenue. All these will contribute to a significant uplift in the company's revenue in the coming year.

KPI'S

Key financial and other performance indicators relating to sales, margins, efficiency, operating costs and profit are reviewed on a monthly basis by the company's Director's and management team. The company also monitors a number of non-financial indicators on health, safety, environment and quality

ENVIRONMENTAL IMPACT

Through its full ISO 14001 (Environmental Management System) accreditation, the company continues to monitor and improve its impact on the environment, both on they way it operates and how it can impact energy transition.

EMPLOYEES

As with previous financial years, this year has been challenging for the company. The increased demands of offshore activity has required our employees to be continually flexible and adaptable. I would like to extend my and the boards grateful thanks to our employees for their continued commitment, dedication, hard work, during another challenging and successful year. This will also be required in the coming year as the company integrates the Veridien Geology group acquisition in to the company.

ON BEHALF OF THE BOARD:

Mr P Cornick - Director

30 September 2025

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

PRINCIPAL ACTIVITY

The principal activity of the group in the period under review was that of subsurface geoscience consultancy, providing a comprehensive suite of integrated geological services to the global energy sector.

DIVIDENDS

The total distribution of dividends for the period ended 31 December 2024 will be £ 300,000 .

EVENTS SINCE THE END OF THE PERIOD

Information relating to events since the end of the period is given in the notes to the financial statements.

DIRECTORS

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

Mr P Cornick

Mr M F Weldon

Dr F J Gregory

Dr D C Rutledge

Mr K L Field

Dr G S Aillud

Mr P J Johnson

Mr D G Roberts

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group 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 group'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 group's auditors are aware of that information.

AUDITORS

The auditors, Salisbury & Company Business Solutions Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr P Cornick - Director

30 September 2025

Opinion

We have audited the financial statements of PetroStrat Limited (the 'parent company') and its subsidiaries (the 'group') for the period ended 31 December 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated 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 group's and of the parent company affairs as at 31 December 2024 and of the group's 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 group 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 group's and the parent 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 Group 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 Group 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 Group 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 group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company 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 four, 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 group's and the parent 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 group or the parent 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:

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. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatement in the financial statements may not be detected, even though the audit is properly planned in accordance with ISA (UK).

We obtained an understanding of the legal and regulatory frameworks applicable to the group and the industry in which it operates through our general commercial and sector experience and discussions with management. We determined that the following laws and regulations were most significant: The Companies Act 2006, FRS 102 the 'Financial Reporting Standards applicable in the UK and Republic of Ireland' and relevant UK tax legislation. In addition, we concluded that there are certain laws and regulations that may have an effect on the determination of the amounts and disclosures within the financial statements such as Health and Safety laws and regulations.

We accessed the susceptibility of the group's financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the engagement team included:

- Discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulations or fraud;

- Obtaining an understanding of the internal controls that management have in place to prevent and detect fraud;

- Challenging assumptions and judgements made by management in its significant accounting estimates;

- Reviewing the financial statement disclosures and assessing the appropriateness of the accounting policies used;

- Identifying and testing journal entries, in particular manual or unusual entries;

- Obtaining third party confirmations of all the companies banking arrangements;

- Performing analytical procedures to identify any unusual or unexpected relationships;

- Conclude on the appropriateness of the directors' use of the going concern basis of accounting.

The assessment of the appropriateness of the collective competence and capabilities of the engagement team included consideration of the engagements team's knowledge of the industry in which the client operates in and understanding of, and practical experience with, audit engagements of a similar nature and complexity through appropriate training and participation.

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.

Our audit procedures are designed to detect material misstatement. We are not responsible for preventing non-compliance or fraud 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.

Other matter

We note that the 2022 financial statements were not audited. Consequently ISAs (UK) require the auditor to state that the corresponding figures within these statements are unaudited. Our opinion is not modified in respect of this matter.

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.

Jeremy Salisbury (Senior Statutory Auditor)

for and on behalf of Salisbury & Company Business Solutions Limited

Statutory Auditors

Chartered Accountants

Irish Square

Upper Denbigh Road

St Asaph

Denbighshire

LL17 0RN

30 September 2025

TURNOVER

3

10,097,555

12,190,574

Cost of sales

(5,135,581

)

(5,645,519

)

GROSS PROFIT

4,961,974

6,545,055

Distribution costs

(50,823

)

(49,006

)

Administrative expenses

(4,248,905

)

(5,465,019

)

662,246

1,031,030

Other operating income

27,070

75,727

GROUP OPERATING PROFIT

5

689,316

1,106,757

Share of operating loss in

Associates

(416

)

(16,485

)

Interest receivable and similar income

-

266

688,900

1,090,538

Interest payable and similar expenses

6

(70,449

)

(123,266

)

PROFIT BEFORE TAXATION

618,451

967,272

Tax on profit

7

113,583

144,305

PROFIT FOR THE FINANCIAL PERIOD

732,034

1,111,577

Profit attributable to:

Owners of the parent

737,330

1,017,966

Non-controlling interests

(5,296

)

93,611

732,034

1,111,577

PROFIT FOR THE PERIOD

732,034

1,111,577

OTHER COMPREHENSIVE INCOME

currency translation difference

67,852

119,732

Income tax relating to other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE PERIOD, NET OF INCOME TAX

67,852

119,732

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD

799,886

1,231,309

Total comprehensive income attributable to:

Owners of the parent

805,143

1,387,118

Non-controlling interests

(5,257

)

(155,809

)

799,886

1,231,309

FIXED ASSETS

Intangible assets

10

886,171

508,019

Tangible assets

11

2,170,957

2,195,801

Investments

12

-

416

3,057,128

2,704,236

CURRENT ASSETS

Debtors

13

2,488,157

3,035,996

Cash at bank and in hand

787,275

284,681

3,275,432

3,320,677

CREDITORS

Amounts falling due within one year

14

1,678,910

1,646,724

NET CURRENT ASSETS

1,596,522

1,673,953

TOTAL ASSETS LESS CURRENT LIABILITIES

4,653,650

4,378,189

CREDITORS

Amounts falling due after more than one year

15

(835,802

)

(1,043,231

)

PROVISIONS FOR LIABILITIES

17

(25,485

)

(42,520

)

NET ASSETS

3,792,363

3,292,438

CAPITAL AND RESERVES

Called up share capital

18

1,000

1,000

Currency translation

difference

19

195,161

127,309

Retained earnings

19

3,445,129

3,007,799

SHAREHOLDERS' FUNDS

3,641,290

3,136,108

NON-CONTROLLING INTERESTS

20

151,073

156,330

TOTAL EQUITY

3,792,363

3,292,438

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:

Mr P Cornick - Director

FIXED ASSETS

Intangible assets

10

584,097

190,229

Tangible assets

11

2,109,595

2,129,792

Investments

12

12,080

12,080

2,705,772

2,332,101

CURRENT ASSETS

Debtors

13

3,006,831

3,748,417

Cash at bank and in hand

479,624

1,621

3,486,455

3,750,038

CREDITORS

Amounts falling due within one year

14

1,511,928

1,335,289

NET CURRENT ASSETS

1,974,527

2,414,749

TOTAL ASSETS LESS CURRENT LIABILITIES

4,680,299

4,746,850

CREDITORS

Amounts falling due after more than one year

15

(818,944

)

(911,645

)

PROVISIONS FOR LIABILITIES

17

(40,461

)

(42,520

)

NET ASSETS

3,820,894

3,792,685

CAPITAL AND RESERVES

Called up share capital

18

1,000

1,000

Retained earnings

19

3,819,894

3,791,685

SHAREHOLDERS' FUNDS

3,820,894

3,792,685

Company's profit for the financial year

328,209

711,905

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:

Mr P Cornick - Director

Called up

Currency

share

Retained

translation

capital

earnings

difference

£

£

£

Balance at 1 April 2023

1,000

2,309,833

7,577

Changes in equity

Dividends

-

(320,000

)

-

Total comprehensive income

-

1,017,966

119,732

Balance at 31 March 2024

1,000

3,007,799

127,309

Changes in equity

Dividends

-

(300,000

)

-

Total comprehensive income

-

737,330

67,852

Balance at 31 December 2024

1,000

3,445,129

195,161

Non-controlling

Total

Total

interests

equity

£

£

£

Balance at 1 April 2023

2,318,410

312,139

2,630,549

Changes in equity

Dividends

(320,000

)

-

(320,000

)

Total comprehensive income

1,137,698

(155,809

)

981,889

Balance at 31 March 2024

3,136,108

156,330

3,292,438

Changes in equity

Dividends

(300,000

)

-

(300,000

)

Total comprehensive income

805,182

(5,257

)

799,925

Balance at 31 December 2024

3,641,290

151,073

3,792,363

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2023

1,000

3,399,780

3,400,780

Changes in equity

Dividends

-

(320,000

)

(320,000

)

Total comprehensive income

-

711,905

711,905

Balance at 31 March 2024

1,000

3,791,685

3,792,685

Changes in equity

Dividends

-

(300,000

)

(300,000

)

Total comprehensive income

-

328,209

328,209

Balance at 31 December 2024

1,000

3,819,894

3,820,894

Cash flows from operating activities

Cash generated from operations

1

1,574,727

708,596

Interest paid

(70,449

)

(123,266

)

Tax paid

96,906

137,470

Net cash from operating activities

1,601,184

722,800

Cash flows from investing activities

Purchase of intangible fixed assets

(517,767

)

(66,330

)

Purchase of tangible fixed assets

(45,825

)

(158,779

)

Sale of tangible fixed assets

295

2

Interest received

-

266

Net cash from investing activities

(563,297

)

(224,841

)

Cash flows from financing activities

Loan repayments in year

(249,652

)

(314,533

)

Amount introduced by directors

200,000

40,000

Amount withdrawn by directors

-

(80,000

)

Equity dividends paid

(300,000

)

(320,000

)

Net cash from financing activities

(349,652

)

(674,533

)

Increase/(decrease) in cash and cash equivalents

688,235

(176,574

)

Cash and cash equivalents at beginning of period

2

99,040

275,614

Cash and cash equivalents at end of period

2

787,275

99,040

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

period

1/4/24

to

year ended

31/12/24

31/3/24

£

£

Profit before taxation

618,451

967,272

Depreciation charges

214,565

264,363

Loss on disposal of fixed assets

2,399

9,627

Government grants

-

(91,056

)

Finance costs

70,449

123,266

Finance income

-

(266

)

905,864

1,273,206

Decrease/(increase) in trade and other debtors

602,464

(198,782

)

Increase/(decrease) in trade and other creditors

66,399

(365,828

)

Cash generated from operations

1,574,727

708,596

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 31 December 2024

31/12/24

1/4/24

£

£

Cash and cash equivalents

787,275

284,681

Bank overdrafts

-

(185,641

)

787,275

99,040

Year ended 31 March 2024

31/3/24

1/4/23

£

£

Cash and cash equivalents

284,681

454,164

Bank overdrafts

(185,641

)

(178,550

)

99,040

275,614

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1/4/24

Cash flow

At 31/12/24

£

£

£

Net cash

Cash at bank and in hand

284,681

502,594

787,275

Bank overdrafts

(185,641

)

185,641

-

99,040

688,235

787,275

Debt

Debts falling due within 1 year

(232,008

)

48,579

(183,429

)

Debts falling due after 1 year

(1,043,231

)

207,429

(835,802

)

(1,275,239

)

256,008

(1,019,231

)

Total

(1,176,199

)

944,243

(231,956

)