REGISTERED NUMBER: 07981261 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TECKENTRUP UK LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Income Statement

8

Other Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Notes to the Financial Statements

12

DIRECTORS:

Mr J A Rodger

Mr S Hilton

REGISTERED OFFICE:

2 Jordan Street

Knott Mill

Manchester

M15 4PY

REGISTERED NUMBER:

07981261 (England and Wales)

AUDITORS:

Christian Douglass Accountants Limited

Chartered Accountants

Statutory Auditor

2 Jordan Street

Knott Mill

Manchester

M15 4PY

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

REVIEW OF BUSINESS

The company has continued to strengthen its position in both the Residential Garage Door and commercial Steel Door markets, demonstrating resilience in a competitive trading environment.

Residential sales volumes remained robust despite broader economic challenges in the UK. The division achieved year-on-year improvements in gross margin, driven by operational efficiencies and strategic pricing adjustments for new accounts.

The Commercial division has expanded its presence in the data centre sector, both domestically and internationally, which now constitutes the largest share of its sales portfolio. Additionally, the business has actively pursued opportunities in UK-based construction and infrastructure projects. As is typical in this sector, the extended lead time from quotation to order-often exceeding 12 months-means that these efforts have not yet translated into significant revenue growth during the reporting period.

The Balance sheet remains in a strong position with an increase in Net current assets of approx. £624,000 and strong cash position.

PRINCIPAL RISKS AND UNCERTAINTIES

The Residential division is sensitive to fluctuations in homeowner demand, which is closely tied to the performance of the UK economy. While 2024 began with moderate growth, economic momentum slowed in the latter half of the year. Looking ahead to 2025, the potential impact of a new government may lead to increased consumer caution. However, Teckentrup Residential's emphasis on service excellence continues to differentiate it in the market, positioning the division well to sustain growth despite broader market contraction.

The Commercial division's data centre projects are high-value and technically complex. These projects are susceptible to delays beyond the company's control, particularly as the rapid evolution of artificial intelligence prompts clients to reassess their expansion strategies, including location and timing. Despite these uncertainties, the division maintains a strong project pipeline for the coming year, including major infrastructure initiatives such as HS2. Key risks include delays in project commencement, potential reductions in public sector investment due to shifts in government policy, and labour shortages affecting installation timelines.

ON BEHALF OF THE BOARD:

Mr S Hilton - Director

29 September 2025

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

DIVIDENDS

Interim dividends of £Nil (2023: £150,000) have been paid during the year. The directors do not recommend payment of a final dividend.

RESEARCH AND DEVELOPMENT

During the year the company was involved in a number of client projects that required a significant level of innovation and technological advancement in order to meet the clients' requirements.

Teckentrup UK Limited has always pushed the boundaries of the industry in which the company operates. Our staff have the expertise and the know-how to ensure that the company remains a leading solution provider to our clients' needs.

FUTURE DEVELOPMENTS

The company continues to build on the strength of its commercial steel door offering and is actively involved with multiple contractors to grow its Data Centre business both in the UK and overseas.

DIRECTORS

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

Mr J A Rodger

Mr S Hilton

BRANCHES

At no point during the year did the company operate any branches outside of the United Kingdom.

DISCLOSURE IN THE STRATEGIC REPORT

The company has chosen in accordance with s.414C(11) Companies Act 2006 to set out in the company's strategic report information required by Schedule 7 of the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 to be contained in the directors' report. It has done so in respect of financial instruments and financial risk management.

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 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

The auditors, Christian Douglass Accountants Limited, are deemed to be reappointed in accordance with section 487(2) of Companies Act 2006.

ON BEHALF OF THE BOARD:

Mr S Hilton - Director

29 September 2025

Opinion

We have audited the financial statements of Teckentrup UK 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 and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the 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 three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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

Auditors' responsibilities for the audit of the financial statements

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

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

The audit, conducted in accordance with the ISAs (UK), required the exercise of professional judgment and the application of professional skepticism throughout. The audit was planned so as to identify and assess the risks of material misstatement of the financial statements, howsoever arising, and we subsequently designed and performed audit procedures responsive to those risks. We obtained an understanding of the company's systems of internal control, which management have established as described above, and undertook walkthrough testing to confirm their operation, solely to assist with designing audit procedures that are appropriate in the circumstances. We evaluated the appropriateness of accounting policies and the reasonableness of accounting estimates used by management. We audited the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business, if any. Further, we reviewed and concluded on the appropriateness of management's use of the going concern basis of accounting.

As a general commercial business, the company does not operate in a heavily regulated environment, however we identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial experience, through discussion with the directors and other management (as required by auditing standards), and from inspection of the company's regulatory and legal correspondence and we discussed with the directors and other management, the policies and procedures regarding compliance with laws and regulations. We communicated identified laws and regulations throughout our audit team and remained alert for any indications of non-compliance throughout the audit.

The company is subject to laws and regulations that directly affect the financial statements including financial reporting legislation (including related companies legislation), distributable profits legislation, taxation legislation and pension legislation and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with the auditing standards. In addition, as with any audit, there remains a higher risk of non-detection of fraud based irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

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

Use of our report

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

Mrs Deborah Burton F.C.A. (Senior Statutory Auditor)

for and on behalf of Christian Douglass Accountants Limited

Chartered Accountants

Statutory Auditor

2 Jordan Street

Knott Mill

Manchester

M15 4PY

30 September 2025

TURNOVER

3

17,851,582

19,038,810

Cost of sales

12,620,636

13,136,139

GROSS PROFIT

5,230,946

5,902,671

Administrative expenses

4,530,533

4,006,528

OPERATING PROFIT

5

700,413

1,896,143

Interest receivable and similar income

6

1,381

-

701,794

1,896,143

Interest payable and similar expenses

7

20,977

16,548

PROFIT BEFORE TAXATION

680,817

1,879,595

Tax on profit

8

181,427

456,215

PROFIT FOR THE FINANCIAL YEAR

499,390

1,423,380

PROFIT FOR THE YEAR

499,390

1,423,380

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

499,390

1,423,380

FIXED ASSETS

Tangible assets

10

387,436

743,935

Investments

11

-

-

387,436

743,935

CURRENT ASSETS

Stocks

12

651,888

668,831

Debtors

13

8,343,309

5,552,870

Cash at bank

881,337

1,155,822

9,876,534

7,377,523

CREDITORS

Amounts falling due within one year

14

4,814,351

2,938,992

NET CURRENT ASSETS

5,062,183

4,438,531

TOTAL ASSETS LESS CURRENT LIABILITIES

5,449,619

5,182,466

CREDITORS

Amounts falling due after more than one year

15

(70,319

)

(239,556

)

PROVISIONS FOR LIABILITIES

18

(70,495

)

(133,495

)

NET ASSETS

5,308,805

4,809,415

CAPITAL AND RESERVES

Called up share capital

19

1,000

1,000

Retained earnings

20

5,307,805

4,808,415

SHAREHOLDERS' FUNDS

5,308,805

4,809,415

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

Mr S Hilton - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2023

1,000

3,535,035

3,536,035

Changes in equity

Dividends

-

(150,000

)

(150,000

)

Total comprehensive income

-

1,423,380

1,423,380

Balance at 31 December 2023

1,000

4,808,415

4,809,415

Changes in equity

Total comprehensive income

-

499,390

499,390

Balance at 31 December 2024

1,000

5,307,805

5,308,805

1.	STATUTORY INFORMATION

Teckentrup UK Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 07981261 and its registered office is at 2 Jordan Street, Knott Mill, Manchester, M15 4PY.

The principal activity of the Company is commercial and residential door solutions.

The Total Comprehensive Income for the year is wholly attributable to the owners of the parent.

The financial statements are presented in Sterling, which is also the functional currency of the company.

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.

Financial Reporting Standard 102 - reduced disclosure exemptions

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

•

the requirements of Section 7 Statement of Cash Flows.

Preparation of consolidated financial statements

The financial statements contain information about Teckentrup UK Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

In applying the company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

In preparing these financial statements the directors have made judgements and estimates:

- in determining whether there are any indicators of impairment of the company's tangible fixed assets. Factors taken into account in reaching such a decision include the economic viability and expected future financial performance of the assets;

- in determining the residual values and useful economic lives of tangible fixed assets. The company depreciates tangible fixed assets over their expected useful lives. The estimation of the useful lives of assets is based upon historic performance as well as expectations about future use. Assumptions are necessary regarding possible technological changes and maintenance programmes which can affect the actual lives of the assets;

- in assessing turnover and arriving at the relevant proportions to be accounted for in any period. The key area of estimation uncertainty involves the determination of the forecast margins expected on the contracts. Factors taken into account in reaching their decision include the actual outturn of previous assignments and job by job appraisal of performance to date, together with future expectations; and

- in determining the recoverability of debtors and stocks. The company establishes a provision for debtors that are estimated to be irrecoverable and for stocks which are not expected to realise at least cost. When assessing recoverability the directors consider factors such as the ageing of items, past experience of recovery and current information regarding the asset.

Turnover

Turnover represents the amount derived from ordinary activities, and is stated after trade discounts, other sales tax and value added tax, being recognised when the company obtains the right to consideration. In respect of the sale of goods, the directors consider that income is earned on despatch of goods. In respect of contracts to supply, turnover represents a proportion of total expected contract revenue, calculated to match the same proportion of total expected costs incurred as at the balance sheet date. The resultant provisions for unbilled income or income billed in advance are included in notes 13 and 14 respectively as amounts recoverable on contracts and deferred income.

Tangible fixed assets

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

Improvements to property

-

20% on cost

Plant and machinery

-

33% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

33% on cost

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure directly attributable to bringing the asset to the location and condition necessary for operation by the company.

At each reporting date an assessment is made as to whether there is any indication that an asset may be impaired. Indicators may be from external, market based, sources or from internal, record based, sources. If any such indication exists, the recoverable amount of the asset is estimated and impairment losses recorded so as to reduce the carrying value to the recoverable amount.

Stocks

Stocks are valued at the lower of cost and net realisable value.

In general, cost is determined on a first in first out basis and includes transport and handling costs where applicable.

Net realisable value is the price at which stocks can be sold in the normal course of business after allowing for the cost of realisation and, where appropriate, the cost of conversion from their existing state to a finished condition.

Provision is made where necessary for obsolete, slow-moving and defective stocks.

Financial instruments

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

Financial assets, which are measured on a non-discounted basis at transaction price less any necessary impairment, comprise trade debtors and other debtors as detailed in note 13 plus credit bank balances.

Financial liabilities, which are similarly measured on a non-discounted basis at transaction price less any necessary impairment, comprise trade creditors; other creditors and accruals as detailed in note 14.

Income and expenditure generated in respect of these type of financial assets and liabilities, including interest receivable and payable and foreign exchange gains or losses, are recognised in the income statement as they accrue.

Financial liabilities representing financing transactions, being hire purchase liabilities as included in note 16, are initially recorded at the present value of expected future cash flows discounted at a market rate of interest. At each reporting date the liabilities are measured at amortised cost using the effective interest method with the resultant interest charge being recognised in the income statement in the period to which it relates.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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.

Hire purchase and leasing commitments

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

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

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

Pension costs and other post-retirement benefits

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

Investments

Investments in subsidiaries are stated at cost less any provision for impairment.

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:

31.12.24

31.12.23

£

£

United Kingdom

9,802,062

8,554,867

Europe

8,049,520

10,483,943

17,851,582

19,038,810

Turnover is considered to be derived wholly from the sale of goods.

4.	EMPLOYEES AND DIRECTORS

31.12.24

31.12.23

£

£

Wages and salaries

2,756,291

2,613,864

Social security costs

298,996

258,162

Other pension costs

284,533

220,658

3,339,820

3,092,684

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

31.12.24

31.12.23

Admin, sales & management

45

45

Manufacturing & other direct

28

27

73

72

Other pensions costs represent the company's expense for payments to defined contribution pension schemes. Pensions contributions unpaid at the balance sheet date amounted to £15,595 (2023: £15,520).

31.12.24

31.12.23

£

£

Directors' remuneration

271,595

234,652

Directors' pension contributions to money purchase schemes

112,201

97,701

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:

31.12.24

31.12.23

£

£

Emoluments etc

149,498

142,198

Pension contributions to money purchase schemes

52,201

58,000

Directors' emoluments include benefits in kind.

5.	OPERATING PROFIT

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

31.12.24

31.12.23

£

£

Hire of plant and machinery

25,348

20,802

Other operating leases

243,563

214,268

Depreciation - owned assets

217,890

253,519

Depreciation - assets on hire purchase contracts

115,153

79,334

Loss/(profit) on disposal of fixed assets

10,325

(4,894

)

Auditors' remuneration

16,800

16,000

Gain on foreign exchange

(22,241

)

(151,465

)

Inventories recognised as an expense

11,355,565

12,001,742

Net loss/(gain) relating to trade debt instruments

21,679

(35,184

)

Amounts payable to the company's auditor in respect of non-audit, including taxation, services

3,359

10,062

Expenditure on research and development is included within wages costs.

6.

INTEREST RECEIVABLE AND SIMILAR INCOME

31.12.24

31.12.23

£

£

Other interest receivable

1,381

-

7.

INTEREST PAYABLE AND SIMILAR EXPENSES

31.12.24

31.12.23

£

£

Other interest payable

3,206

2,310

Hire purchase

17,771

14,238

20,977

16,548

8.

TAXATION

Analysis of the tax charge

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

31.12.24

31.12.23

£

£

Current tax:

UK corporation tax

48,300

396,400

Prior year tax

(173

)

1,414

Charge for Group Relief

196,300

32,400

Total current tax

244,427

430,214

Deferred tax

(63,000

)

26,001

Tax on profit

181,427

456,215

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:

31.12.24

31.12.23

£

£

Profit before tax

680,817

1,879,595

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2023 - 23.500%)

170,204

441,705

Effects of:

Expenses not deductible for tax purposes

5,595

9,001

Depreciation in excess of capital allowances

5,801

4,095

Adjustments to tax charge in respect of previous periods

(173

)

1,414

Total tax charge

181,427

456,215

9.

DIVIDENDS

31.12.24

31.12.23

£

£

Ordinary shares of £1 each

Interim

-

150,000

10.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

288,211

788,250

43,380

439,395

1,559,236

Additions

-

47,165

13,949

-

61,114

Disposals

-

-

-

(114,879

)

(114,879

)

At 31 December 2024

288,211

835,415

57,329

324,516

1,505,471

DEPRECIATION

At 1 January 2024

134,492

507,627

26,799

146,383

815,301

Charge for year

46,549

159,451

11,890

115,153

333,043

Eliminated on disposal

-

-

-

(30,309

)

(30,309

)

At 31 December 2024

181,041

667,078

38,689

231,227

1,118,035

NET BOOK VALUE

At 31 December 2024

107,170

168,337

18,640

93,289

387,436

At 31 December 2023

153,719

280,623

16,581

293,012

743,935