REGISTERED NUMBER: 05017065 (England and Wales)

Strategic Report, Report of the Director and

Audited Financial Statements for the Year Ended 31 December 2024

for

Yourway Transport Limited

Page

Company Information

1

Strategic Report

2

Report of the Director

4

Report of the Independent Auditors

5

Income Statement

8

Other Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Cash Flow Statement

12

Notes to the Cash Flow Statement

13

Notes to the Financial Statements

14

DIRECTOR:

Mr G Jaffer

SECRETARY:

Ms M Jaffer

REGISTERED OFFICE:

2 Pulborough Way

Hounslow

Middlesex

TW4 6DE

REGISTERED NUMBER:

05017065 (England and Wales)

AUDITORS:

Merali's

Chartered Accountants & Statutory Auditors

Scottish Provident House

76-80 College Road

Harrow

Middlesex

HA1 1BQ

The director presents his strategic report for the year ended 31 December 2024.

REVIEW OF BUSINESS

For over a decade, we have guaranteed speed of delivery with highly customized transport solutions. It is our goal to deal with every client and every shipment on a one to one basis to ensure the highest level of service. This philosophy colors every aspect of our service. We will do whatever it takes to ensure the fastest, most secure and most reliable delivery possible.

Individualized Services Include:

- Consultation with customers to review global transport requirements for their materials, as well as import and export requirements for customs clearance

- Sourcing and provision of packaging supplies such as insulated shippers, UN certified shippers for all ambient refrigerated and frozen shipments, gel-packs, dry ice and temperature controlled shipping containers and temperature monitors

- Cold chain management of supplies from pick-up through delivery including monitoring and gel-pack or dry ice replenishment

- Logistical project management in accordance with upcoming clinical trial protocol

- Pre-customs clearance in select cities

- Temperature monitor download capabilities

- Detailed web-based order entry, shipment tracking and Proof of Delivery (POD)

Yourway Transport couriers are available to pick up shipments 24 hours a day, seven days a week, including weekends and holidays and no cut offs. There are no weight, size or value restrictions on any of the shipments we handle.

Regardless of when orders are received, all deliveries are placed on the first available flight out to their destination using only premium flights. To ensure the fastest delivery time possible, orders are never held for consolidation.

Once a shipment is in the air, we have an experienced network of agents and associates stationed around the world who are on the ground waiting to clear and deliver shipments to their destinations as soon as they arrive. Worldwide customs pre-clearance capabilities proactively expedite delivery. If any difficulties are encountered they are dealt with immediately and effectively.

We have many means of transportation at our disposal including on-board couriers, private aircraft charters, and helicopter services. Shipments can be tracked electronically through our website. Our system allows you to receive an automatic confirmation once your items have been delivered.

With our years of experience, we are aware of the critical nature of all biological samples required for a clinical trial. Our knowledgeable staff can consult with you to recommend and supply the appropriate packaging to meet the temperature requirements for these shipments, confirm import and export requirements as well as train your investigators in proper packing of the samples. No matter the size of the shipment or the frequency with which they occur, Yourway Transport has the infrastructure available to ensure the integrity of these shipments from the moment they are packaged and depart the site through to final delivery to the laboratory.

Key performance indicators:

- Turnover decreased by 29% compared to 2023, primarily due to a significant decline in export sales outside Europe, coupled with a slight decrease in UK sales. However, sales to Europe reported a strong growth of 21%, reflecting the company’s strategic focus on expanding its presence in the European market, consistent with the steady growth trend in this category over recent years.

- The Company's Gross Profit margin decreased to 37% in 2024 (2023: 49%), primarily due to a reduction in export sales, which historically contributed a higher-margin mix to overall profitability. Despite export remaining the dominant contributor to Gross Profit, its volume decline in 2024 significantly impacted the Group’s overall margin performance.

- The company’s Profit Before Tax margin decreased to 15% in 2024 (2023: 32%), marking a departure from the consistent profitability levels maintained in recent years. This decline was primarily driven by the reduction in Gross Profit, while the company’s overhead cost structure remained largely fixed, amplifying the margin impact.

PRINCIPAL RISKS AND UNCERTAINTIES

There are a number of risks and uncertainties that can impact the performance of Yourway Transport (YWT), some of which are beyond the control of YWT and the director. The YWT management closely monitors market trends and risks on an on-going basis. These trends and risks are the focus of monthly management meetings where performance is assessed versus budget, forecast and prior year; key performance indicators are also used to benchmark operational performance. An annual assessment of trends and risks is also an integral part of the business's annual review of its strategic plan and budget, which are submitted to the director for consideration and approval. A combination of all of this, in what is a bottom up and top down approach, enables the director to determine and assess the risk environment.

Customer credit risk:

As part of the overall service package YWT provides credit to customers and as a result there is an associated risk that the customer may not be able to pay outstanding balances. YWT has established procedures and credit control policies around managing its receivables and takes action where necessary. Trade receivables are primarily managed by a sanction process. All major outstanding and overdue balances together with significant potential exposures are reviewed regularly and concerns are discussed at monthly meetings. Control systems are in place to ensure that authorisation requests are supported with appropriate and sufficient documentation and are approved at appropriate levels in the organisation.

Information technology and business continuity:

YWT uses a range of information technology systems across its business for efficient processing of orders, control procedures and financial management. These systems are constantly reviewed and updated to meet the needs of the business. Business continuity and disaster recovery planning is regularly assessed and tested to ensure the YWT is adequately resourced and maintains an appropriately robust environment including preventative processes on cybercrime.

Human Resources:

People and teams and talent management are an integral part of YWT's business and are key to continuing progress. Competition for talent is significant both within the industry and beyond it. YWT attracts and retains its people through provision of on-going opportunity for career progress, training initiatives and continually identifying emerging managers and leaders within the business.

Foreign exchange risk:

Foreign exchange rates have undergone a period of volatility due to economic uncertainty and relative economic performance in different parts of the world. YWT operates a treasury model to mitigate foreign exchange risk.

ON BEHALF OF THE BOARD:

Director

29 September 2025

The director presents his report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the provision of time sensitive courier solutions.

DIVIDENDS

The total dividends declared for the year ended 31 December 2024 was £6,910,253 (2023: Nil)

DIRECTOR

Mr G Jaffer held office during the whole of the period from 1 January 2024 to the date of this report.

CHARITABLE DONATIONS AND EXPENDITURE

The company made £1,800 of charitable donations to UK registered charity during the year.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless he is 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 director is 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 director is 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 him to ensure that the financial statements comply with the Companies Act 2006. He is 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 director is 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 he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

In the absence of a notice proposing that the appointment be terminated, the auditors, Merali's, are deemed to be reappointed for the next financial year.

ON BEHALF OF THE BOARD:

Mr G Jaffer - Director

29 September 2025

Opinion

We have audited the financial statements of Yourway Transport Limited (the 'company') for the year ended 31 December 2024 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 31 December 2024 and of its profit for the year then ended;

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

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

Basis for opinion

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

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's 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 director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, 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 Director 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 Director 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 Director.

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 director's remuneration specified by law are not made; or

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

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page four, the director is 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 director determines 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 director is 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 director either intends to liquidate the company or to cease operations, or has 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:

We identify and assess the risks of material misstatement of the Financial Statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

- enquiring of management including obtaining and reviewing supporting documentation concerning the company's policies and procedures relating to:

- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;

- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;

- the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations;

-performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud.

- discussing among the engagement team including tax regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

- obtaining an understanding of the legal and regulatory framework that the company operates in, focusing on those laws and regulations that had a direct effect on the financial statements or that had a fundamental effect on the operations of the company. The key laws and regulations we considered in this context included the Companies Act 2006 and Tax legislation.

Audit response to risks identified

As a result of performing the above, we identified management override of controls, revenue recognition including completeness and cut off for sales, occurrence and cut off for cost of sales as key audit matters/risks.

Our procedures to respond to risks identified included the following:

- In addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

- Obtained intercompany balance confirmations, checked inter company balances where applicable, and reviewed minutes of board meetings.

- Substantive test on sales and cost of sales cycles to get assurance on sales completeness and cut off, and occurrence and cut off on cost of sales.

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.

MPK Merali (Senior Statutory Auditor)

for and on behalf of Merali's

Chartered Accountants & Statutory Auditors

Scottish Provident House

76-80 College Road

Harrow

Middlesex

HA1 1BQ

30 September 2025

TURNOVER

3

17,617,259

24,882,726

Cost of sales

(11,028,695

)

(12,732,463

)

GROSS PROFIT

6,588,564

12,150,263

Administrative expenses

(3,935,705

)

(4,182,682

)

OPERATING PROFIT

5

2,652,859

7,967,581

Interest receivable and similar income

22,198

57,533

2,675,057

8,025,114

Interest payable and similar expenses

7

(40,962

)

-

PROFIT BEFORE TAXATION

2,634,095

8,025,114

Tax on profit

8

(674,729

)

(1,888,737

)

PROFIT FOR THE FINANCIAL YEAR

1,959,366

6,136,377

PROFIT FOR THE YEAR

1,959,366

6,136,377

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,959,366

6,136,377

FIXED ASSETS

Tangible assets

10

17,842

28,369

CURRENT ASSETS

Debtors

11

13,805,628

18,885,439

Prepayments and accrued income

164,949

203,164

Cash at bank

2,517,173

2,202,476

16,487,750

21,291,079

CREDITORS

Amounts falling due within one year

12

(5,144,763

)

(5,005,108

)

NET CURRENT ASSETS

11,342,987

16,285,971

TOTAL ASSETS LESS CURRENT LIABILITIES

11,360,829

16,314,340

PROVISIONS FOR LIABILITIES

14

(4,429

)

(7,053

)

NET ASSETS

11,356,400

16,307,287

CAPITAL AND RESERVES

Called up share capital

15

100

100

Retained earnings

16

11,356,300

16,307,187

SHAREHOLDERS' FUNDS

11,356,400

16,307,287

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

Mr G Jaffer - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2023

100

10,170,810

10,170,910

Changes in equity

Total comprehensive income

-

6,136,377

6,136,377

Balance at 31 December 2023

100

16,307,187

16,307,287

Changes in equity

Dividends

-

(6,910,253

)

(6,910,253

)

Total comprehensive income

-

1,959,366

1,959,366

Balance at 31 December 2024

100

11,356,300

11,356,400

Cash flows from operating activities

Cash generated from operations

1

3,414,825

10,248,333

Interest paid

(40,962

)

-

Tax paid

(829,288

)

(2,902,340

)

Net cash from operating activities

2,544,575

7,345,993

Cash flows from investing activities

Purchase of tangible fixed assets

(9,924

)

(20,797

)

Interest received

22,198

57,533

Net cash from investing activities

12,274

36,736

Cash flows from financing activities

Movement in bal with group undertaking

4,678,538

(8,115,394

)

Equity dividends paid

(6,910,253

)

-

Net cash from financing activities

(2,231,715

)

(8,115,394

)

Increase/(decrease) in cash and cash equivalents

325,134

(732,665

)

Cash and cash equivalents at beginning of year

2

2,192,039

2,924,704

Cash and cash equivalents at end of year

2

2,517,173

2,192,039

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

2024

2023

£

£

Profit before taxation

2,634,095

8,025,114

Depreciation charges

20,451

20,043

(Gain) / Loss of forex

63,143

428,946

Finance costs

40,962

-

Finance income

(22,198

)

(57,533

)

2,736,453

8,416,570

Decrease in trade and other debtors

439,488

2,065,867

Increase/(decrease) in trade and other creditors

238,884

(234,104

)

Cash generated from operations

3,414,825

10,248,333

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:

Year ended 31 December 2024

31/12/24

1/1/24

£

£

Cash and cash equivalents

2,517,173

2,202,476

Bank overdrafts

-

(10,437

)

2,517,173

2,192,039

Year ended 31 December 2023

31/12/23

1/1/23

£

£

Cash and cash equivalents

2,202,476

2,924,704

Bank overdrafts

(10,437

)

-

2,192,039

2,924,704

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1/1/24

Cash flow

At 31/12/24

£

£

£

Net cash

Cash at bank

2,202,476

314,697

2,517,173

Bank overdrafts

(10,437

)

10,437

-

2,192,039

325,134

2,517,173

Total

2,192,039

325,134

2,517,173

1.	STATUTORY INFORMATION

Yourway Transport 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 reporting framework that has been applied in preparation of the financial statements is applicable law and United Kingdom Standards (United Kingdom Generally Accepted Accounting Practice)

Turnover

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

It represents net invoice value of the services, excluding value added tax.

Tangible fixed assets

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

Short leasehold

-

Straight line over 10 years

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Investments - (financial assets)

At initial recognition, the company measures a financial asset at its fair value. Transaction costs of financial assets carried at fair value through profit and loss (FVTPL) are expensed in profit or loss

The company subsequently measures all equity investments at fair value through profit and loss. Dividends from such investments continue to be recognised in profit or loss as other income when the company's right to receive payments is established.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

2024

2023

£

£

UK

2,637,326

2,693,557

Europe

8,509,824

7,033,331

Rest of the World

6,470,109

15,155,838

17,617,259

24,882,726

4.	EMPLOYEES AND DIRECTORS

2024

2023

£

£

Wages and salaries

3,102,199

3,014,868

Other pension costs

29,015

28,890

3,131,214

3,043,758

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

2024

2023

Administration and sales

36

38

2024

2023

£

£

Director's remuneration

-

-

5.	OPERATING PROFIT

The operating profit is stated after charging:

2024

2023

£

£

Depreciation - owned assets

20,451

20,043

6.	AUDITORS' REMUNERATION

2024

2023

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

15,000

15,000

7.

INTEREST PAYABLE AND SIMILAR EXPENSES

2024

2023

£

£

Interest paid

40,962

-

8.

TAXATION

Analysis of the tax charge

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

2024

2023

£

£

Current tax:

UK corporation tax

677,353

1,889,526

Deferred tax

(2,624

)

(789

)

Tax on profit

674,729

1,888,737

Reconciliation of total tax charge included in profit and loss

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

2024

2023

£

£

Profit before tax

2,634,095

8,025,114

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2023 - 23.521%)

658,524

1,887,587

Effects of:

Expenses not deductible for tax purposes

-

564

Income not taxable for tax purposes

(3,303

)

-

Capital allowances in excess of depreciation

-

(789

)

Depreciation in excess of capital allowances

10,498

-

Adjustments to tax charge in respect of previous periods

11,634

2,162

Differences due to deferred tax

(2,624

)

(787

)

Total tax charge

674,729

1,888,737

9.

DIVIDENDS

2024

2023

£

£

Ordinary shares shares of £1.00 each

Final

6,910,253

-

10.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

112,903

103,944

74,404

87,771

379,022

Additions

-

9,924

-

-

9,924

At 31 December 2024

112,903

113,868

74,404

87,771

388,946

DEPRECIATION

At 1 January 2024

112,903

85,961

64,018

87,771

350,653

Charge for year

-

16,990

3,461

-

20,451

At 31 December 2024

112,903

102,951

67,479

87,771

371,104

NET BOOK VALUE

At 31 December 2024

-

10,917

6,925

-

17,842

At 31 December 2023

-

17,983

10,386

-

28,369

11.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

5,965,746

6,351,369

Amounts owed by group undertakings

7,746,995

12,425,533

Other debtors

37,406

37,406

Prepayments

55,481

71,131

13,805,628

18,885,439

12.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 13)

-

10,437

Trade creditors

906,621

155,527

Tax

313,663

465,598

Social security and other taxes

125,575

127,542

Wages & salaries control a/c

-

969

VAT

58,362

97,722

Dividends payable

306,733

306,733

Other creditors

72

-

Pension contribution

6,194

6,177

Accruals

3,427,543

3,834,403

5,144,763

5,005,108

13.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

-

10,437