REGISTERED NUMBER: 06695717 (England and Wales)

Strategic Report, Report of the Directors and

Audited Financial Statements

for the Year Ended 31 December 2024

for

LATCHAM DIRECT LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

5

Report of the Independent Auditors

7

Statement of Comprehensive Income

10

Balance Sheet

11

Statement of Changes in Equity

12

Cash Flow Statement

13

Notes to the Cash Flow Statement

14

Notes to the Financial Statements

16

DIRECTORS:

M J Hughes

C R Mattinson

SJ Hughes

P Tapparo

REGISTERED OFFICE:

Unit 1

Western Drive

Hengrove

Bristol

BS14 0AF

REGISTERED NUMBER:

06695717 (England and Wales)

AUDITORS:

Gravita Audit Western Limited

Chartered Accountants and Statutory Auditors

Bath House

6-8 Bath Street

Bristol

BS1 6HL

BANKERS:

Lloyds TSB plc

55 Corn Street

Bristol

BS99 7LE

The directors' present their strategic report for the year ended 31 December 2024.

The principal activity of the company is the provision of integrated data, digital print, fulfilment and print management service across the UK to both the public and private sector.

The company's main business operation is carried out from its premises in Bristol with further facilities from its base in Crawley.

Business Review

The results of the company are set out on pages 10 to 26.

Turnover for the year increased by 5.89% from £21.95 million in 2023 to £23.25 million for 2024.

The company's gross profit margin has decreased during 2024 to 27.3% (2023 - 28%).

The Gross Profit for the year increased by £0.19 million to £6.34 million (2023 - £6.15 million).

The Operating Profit for the year was £1.47 million (2023 - £1.16 million) and the basic EBITDA was £1.98 million for 2024 compared to £1.81 million for 2023.

Net cash generated from operating activities amounted to £2.29 million for 2024 compared to £0.82 million for 2023.

The company continued to invest in digital and print management systems. Total capital expenditure for the year amounted to £18,000 (2023 - £530,000).

Dividends paid during the year were £0.37 million (2023 - £0.32 million).

As at 31 December 2024 cash and cash equivalents amounted to £2.33 million (2023 - £1.11 million). The Directors believe that the company has sufficient working capital to meet its normal trading requirements.

Shareholders' funds for the year increased from £2.54 million as 1 January 2024 to £3.18 million as at 31 December 2024.

The directors consider the results to be satisfactory for the year as it continues its modernisation programme.

Business Environment

The industry continues to remain highly competitive and whilst remaining competitive, the company through investment continues to provide versatile solutions to its customers and deliver a superior quality product and service.

Business Strategy

The directors remain confident in their investment strategy in equipment and management policies and continue to look to expand its client base the business and services that it offers to its clients.

Financial Performance

2024

2023

£'000

£'000

Turnover

23,246

21,953

Gross profit

6,339

6,147

Gross profit margin

27.3

28.0%

EBITDA

1,982

1,806

Profit before tax

1,342

1,042

Investment in equipment

18

646

Summary of Key Performance Indicators ('KPIs')

The directors monitor the progress of the company by reference to certain financial and non-financial key performance indicators in the following areas:

Sales targets and margins

Cash collected and debtor book

Improvements in efficiency and added value

Health and Safety

Staff Welfare

Environmental

Client satisfaction

The directors believe that the company has performed well and in line with their expectations of these KPI's. The company's focus is improving margins where it is able to through efficiency and the investment in equipment. Debtor days averaged 38 during the year compared to 55 for 2023.

Principal Risks and Uncertainties

Economic Climate

The company like many other businesses are affected by changes in the general economic climate. To reduce the effect of changes in the economic environment, the company aims to have a diversified client base from different industry sectors, charities and the public sector. By maintaining competitiveness, control of costs and continuing to be versatile and delivering a superior quality product and service to its clients, the directors believe they are able to mitigate the risks of changes in the economic climate as far as they are able to.

Health and safety

The company operates a strict health and safety regime throughout its sites and operations to ensure that all staff and visitors are safe when working or visiting our operations.

Financial Risks

To ensure that the company has sufficient working capital to meet it ongoing operating requirements, the company closely monitors its financial performance and cash flow throughout the year. Based on forecasts, the directors believe that they have adequate working capital and reserves to meet its operating requirements.

ON BEHALF OF THE BOARD:

M J Hughes - Director

30 September 2025

The directors present their 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 integrated data, digital print, fulfilment and print management service providers.

DIVIDENDS

The total distribution of dividends for the year ended 31 December 2024 was £373,235.

DIRECTORS

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

M J Hughes

C R Mattinson

SJ Hughes

P Tapparo

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

Subsequent to the year end Haines Watts (Western) Limited transferred the audit appointment to Haines Watts Audit (Western) Limited, which changed its name to Gravita Audit Western Limited on 10 February 2025. Gravita. Audit Western Limited will be proposed for re - appointment at the forthcoming Annual general meeting.

ON BEHALF OF THE BOARD:

M J Hughes - Director

30 September 2025

Opinion

We have audited the financial statements of Latcham Direct Limited (the 'company') for the year ended 31 December 2024 which comprise the Statement of 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 directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

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

Matters on which we are required to report by exception

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

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

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

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

-	certain disclosures of directors' remuneration specified by law are not made; or

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

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page five, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

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

(i) We obtained an understanding of the legal and regulatory frameworks applicable to the company and the sector in

which it operates. We determined the following laws and regulations of most significance were: Companies Act 2006,

UK GAAP and UK corporate taxation laws.

(ii) We obtained an understanding of how the company complies with those legal and regulatory frameworks by

making inquiries of management.

(iii) We assessed the susceptibility of the company's financial statements to material misstatement, including how

fraud might occur. Audit procedures performed by the engagement team included:

- identifying and assessing the effectiveness of controls management has in place to prevent and detect fraud;

- understanding how those charged with governance considered and addressed the potential for override of controls or

other inappropriate influence over the financial reporting process;

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

- identifying and testing journal entries, in particular any journal entries posted with unusual account combinations;

and

- assessing the extent of compliance with the relevant laws and regulations.

There are inherent limitations in the audit procedures described above and the further removed non-compliance with

laws and regulations are 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, for example, forgery or

intentional misrepresentations, or through collusions.

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.

Matthew Bracher BSc FCA (Senior Statutory Auditor)

for and on behalf of Gravita Audit Western Limited

Chartered Accountants and Statutory Auditors

Bath House

6-8 Bath Street

Bristol

BS1 6HL

30 September 2025

TURNOVER

3

23,246,216

21,953,337

Cost of sales

(16,907,348

)

(15,806,029

)

GROSS PROFIT

6,338,868

6,147,308

Administrative expenses

(4,871,191

)

(4,987,604

)

OPERATING PROFIT

5

1,467,677

1,159,704

Interest payable and similar expenses

6

(125,408

)

(117,707

)

PROFIT BEFORE TAXATION

1,342,269

1,041,997

Tax on profit

7

(341,172

)

(284,086

)

PROFIT FOR THE FINANCIAL YEAR

1,001,097

757,911

FIXED ASSETS

Intangible assets

9

-

-

Tangible assets

10

2,497,764

2,821,666

Investment property

11

737,754

737,754

3,235,518

3,559,420

CURRENT ASSETS

Stocks

12

218,012

215,318

Debtors

13

2,560,429

3,520,406

Cash at bank and in hand

2,332,007

1,110,066

5,110,448

4,845,790

CREDITORS

Amounts falling due within one year

14

(3,499,391

)

(3,736,584

)

NET CURRENT ASSETS

1,611,057

1,109,206

TOTAL ASSETS LESS CURRENT LIABILITIES

4,846,575

4,668,626

CREDITORS

Amounts falling due after more than one year

15

(1,590,551

)

(1,994,731

)

PROVISIONS FOR LIABILITIES

19

(73,942

)

(136,412

)

NET ASSETS

3,182,082

2,537,483

CAPITAL AND RESERVES

Called up share capital

20

105

100

Share premium

21

16,732

-

Retained earnings

21

3,165,245

2,537,383

SHAREHOLDERS' FUNDS

3,182,082

2,537,483

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

M J Hughes - Director

Called up

share

Retained

Share

Total

capital

earnings

premium

equity

£

£

£

£

Balance at 1 January 2023

100

2,104,177

-

2,104,277

Changes in equity

Profit for the year

-

757,911

-

757,911

Total comprehensive income

-

757,911

-

757,911

Dividends

-

(324,705

)

-

(324,705

)

Balance at 31 December 2023

100

2,537,383

-

2,537,483

Changes in equity

Profit for the year

-

1,001,097

-

1,001,097

Total comprehensive income

-

1,001,097

-

1,001,097

Dividends

-

(373,235

)

-

(373,235

)

Issue of share capital

5

-

16,732

16,737

Balance at 31 December 2024

105

3,165,245

16,732

3,182,082

Cash flows from operating activities

Cash generated from operations

1

2,662,746

1,040,179

Interest paid

(84,330

)

(90,633

)

Interest element of hire purchase payments paid

(41,078

)

(27,074

)

Tax paid

(242,822

)

(99,129

)

Net cash from operating activities

2,294,516

823,343

Cash flows from investing activities

Purchase of tangible fixed assets

(190,795

)

(645,917

)

Sale of tangible fixed assets

-

1,020

Net cash from investing activities

(190,795

)

(644,897

)

Cash flows from financing activities

Loan repayments in year

(224,067

)

(228,187

)

Capital repayments in year

(314,450

)

72,815

Amount introduced by directors

13,235

-

Amount withdrawn by directors

-

(163

)

Share issue

16,737

-

Equity dividends paid

(373,235

)

(324,705

)

Net cash from financing activities

(881,780

)

(480,240

)

Increase/(decrease) in cash and cash equivalents

1,221,941

(301,794

)

Cash and cash equivalents at beginning of year

2

1,110,066

1,411,860

Cash and cash equivalents at end of year

2

2,332,007

1,110,066

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

2024

2023

£

£

Profit before taxation

1,342,269

1,041,997

Depreciation charges

514,698

646,712

Profit on disposal of fixed assets

-

(1,020

)

Finance costs

125,408

117,707

1,982,375

1,805,396

(Increase)/decrease in stocks

(2,694

)

51,351

Decrease/(increase) in trade and other debtors

959,977

(1,122,002

)

(Decrease)/increase in trade and other creditors

(276,912

)

305,434

Cash generated from operations

2,662,746

1,040,179

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

2,332,007

1,110,066

Year ended 31 December 2023

31.12.23

1.1.23

£

£

Cash and cash equivalents

1,110,066

1,411,860

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1.1.24

Cash flow

At 31.12.24

£

£

£

Net cash

Cash at bank and in hand

1,110,066

1,221,941

2,332,007

1,110,066

1,221,941

2,332,007

Debt

Finance leases

(735,796

)

314,450

(421,346

)

Debts falling due within 1 year

(228,360

)

(2,929

)

(231,289

)

Debts falling due after 1 year

(1,539,291

)

226,994

(1,312,297

)

(2,503,447

)

538,515

(1,964,932

)

Total

(1,393,381

)

1,760,456

367,075

1.	COMPANY INFORMATION

Latcham Direct 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.

The company's principal activity is that of integrated data, digital print, fulfilment and print management service providers.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Under section 405 of the Companies Act 2006, the Company consider itself exempt from the requirement to prepare group accounts on the basis that the subsidiaries are dormant.

The principal accounting policies adopted are set out below.

Going concern

The financial statements have been prepared on a going concern basis. The directors have reviewed and

considered relevant information including annual budgets and future cash-flows in making their assessment on their business. Based on these assessments, given the measures that could be undertaken to mitigate any adverse conditions, and the current resources available, the directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Critical accounting judgements and key sources of estimation uncertainty

Estimates and judgements applied by management are continuously evaluated and are based on information available, historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances at the dates of preparation of the preparation of the financial statements.

Principal matters where estimates are made in particular to:

- the determination of carrying values for property, plant and equipment; and

- the fair value of investment property.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life. The useful life of goodwill is considered to be 5 years & 3 years for Computastat Group Limited & Hi Density Solutions Limited respectively.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Freehold property

-

Not depreciated

Plant and machinery

-

at varying rates on cost

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

The directors determine that the current and future fair value of the freehold property is in excess of cost and subsequently no depreciation is charged.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are stated at the lower of cost and net realisable value. Cost comprises direct materials and where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic Financial Assets

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic Financial Liabilities

Basic financial liabilities, including trade and other creditors 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. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Hire purchase and leasing commitments

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet and are depreciated over the shorter of the lease term and the asset’s useful lives. A corresponding liability is recognised for the lower of the fair value of the leased asset and the present value of the minimum lease payments in the balance sheet. Lease payments are apportioned between the reduction of the lease liability and finance charges in the income statement so as to achieve a constant rate of interest on the remaining balance of the liability.

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term. Lease incentives are recognised over the lease term on a straight line basis.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

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 tax are attributable to the one principal activity of the company.

4.	EMPLOYEES AND DIRECTORS

2024

2023

£

£

Wages and salaries

4,052,357

3,740,141

Social security costs

421,732

391,055

Other pension costs

112,171

104,357

4,586,260

4,235,553

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

2024

2023

Employees

91

105

2024

2023

£

£

Directors' remuneration

495,722

434,961

Directors' pension contributions to money purchase schemes

8,562

21,409

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

Money purchase schemes

2

2

Information regarding the highest paid director is as follows:

2024

2023

£

£

Emoluments etc

159,541

130,170

Pension contributions to money purchase schemes

5,351

5,816