REGISTERED NUMBER: 01860954 (England and Wales)

Group Strategic Report,

Report of the Directors and

Consolidated Financial Statements

for the Year Ended 31 December 2024

for

Tyne Tees Entertainments Limited

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Consolidated Income Statement

7

Consolidated Other Comprehensive Income

8

Consolidated Balance Sheet

9

Company Balance Sheet

10

Consolidated Statement of Changes in Equity

11

Company Statement of Changes in Equity

12

Consolidated Cash Flow Statement

13

Notes to the Consolidated Cash Flow Statement

14

Notes to the Consolidated Financial Statements

15

DIRECTORS:

G Caris

Mrs E G Caris

G Caris

SECRETARY:

Mrs E G Caris

REGISTERED OFFICE:

10 The Esplanade

Redcar

Cleveland

TS10 3AA

REGISTERED NUMBER:

01860954 (England and Wales)

AUDITORS:

Anderson Barrowcliff Limited

Statutory Auditor

Chartered Accountants

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

The directors present their strategic report of the company and the group for the year ended 31 December 2024.

REVIEW OF BUSINESS

The principal activities of the group in the year under review were the operation of amusement arcades, the operation of an indoor soft play centre and an ice cream parlour.

The financial position of the group was significantly impacted by the effects of the coronavirus pandemic over the last two years. This year has seen an increase in turnover and profitability to a position in excess of pre-pandemic levels.

The subsidiary contributed £1,162,690 (2023: £1,141,076) to the group turnover of £3,784,871 (2023: £3,682,664). The group's profit for the year, attributable to equity shareholders, amounted to £478,756 (2023: £297,523).

The gross profit margin has decreased by 0.2% to 65.5% (2023: 65.7%). The change in margin is in line with the directors' expectations..

The group operates in areas where the local economies continue to experience challenging conditions. Under these conditions the directors are satisfied with the performance of the group.

The directors use turnover and gross margin analysis as the Key Performance Indicators.

Given the straightforward nature of the group, the group's directors are of the opinion that analysis using other Key Performance Indicators is not necessary for an understanding of the development and performance of the entity.

PRINCIPAL RISKS AND UNCERTAINTIES

In common with other businesses in the leisure industry, the principle risks affecting performance are the general economic climate and both personal and corporate attitudes to discretionary expenditure. The directors believe that they have taken adequate steps to mitigate these risks. The year end position of the company is considered satisfactory, with the potential for sustained profitability in the forthcoming years.

KEY PERFORMANCE INDICATORS

Given the straightforward nature of the business, the company's directors are of the opinion that analysis using KPI's is not necessary for an understanding of the development, performance or position of the entity, and that all relevant financial information has been disclosed within the financial statements.

ON BEHALF OF THE BOARD:

G Caris - Director

29 September 2025

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

PRINCIPAL ACTIVITIES

The principal activities of the group in the year under review were those of the operation of amusement arcades, the operation of an indoor soft play centre and an ice cream parlour.

DIVIDENDS

No dividends will be distributed for the year ended 31 December 2024.

FUTURE DEVELOPMENTS

The group continues to consolidate its arcade and soft play businesses.

DIRECTORS

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

G Caris

Mrs E G Caris

G Caris

POLITICAL DONATIONS AND EXPENDITURE

No political donations were made by the group during the year.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

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

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

-	select suitable accounting policies and then apply them consistently;

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

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he 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 group's auditors are aware of that information.

AUDITORS

The auditors, Anderson Barrowcliff Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

G Caris - Director

29 September 2025

Opinion

We have audited the financial statements of Tyne Tees Entertainments Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 31 December 2024 and of the group's profit for the 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 group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

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

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

Other information

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

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Matters on which we are required to report by exception

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

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

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

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

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

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

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page 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 group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

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

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

Based on our understanding of the industry, we have considered applicable laws and regulations which may be fundamental to the company's ability to operate or to avoid a material penalty, and we considered the extent to which non-compliance might have a material effect on the financial statements. We considered management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to the posting of inappropriate manual journal entries to manipulate financial performance, management bias in significant accounting estimates and any significant one-off or unusual transactions.

We discussed among the audit engagement team the opportunities and incentives that may exist within the organisation for fraud and how and where fraud might occur in the financial statements.

Audit procedures performed by the engagement team included:

-

Enquiry of management, those charged with governance,around actual and potential litigation and claims.

-

Enquiry of entity staff to identify any instances of non-compliance with laws and regulations.

-

Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.

-

Auditing 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.

-

Challenging estimates and judgements made by management in their significant accounting estimates.

-

Revenue recognition; agreeing a sample of revenue transactions to gain assurance over the occurrence and accuracy of revenue and also to ensure revenue has been recognised in the correct period.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. The risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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.

David Shawcross FCA (Senior Statutory Auditor)

for and on behalf of Anderson Barrowcliff Limited

Statutory Auditor

Chartered Accountants

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

29 September 2025

TURNOVER

3

3,784,871

3,682,664

Cost of sales

1,304,665

1,262,896

GROSS PROFIT

2,480,206

2,419,768

Administrative expenses

1,896,527

2,048,094

583,679

371,674

Other operating income

2,658

1,140

OPERATING PROFIT

5

586,337

372,814

Interest receivable and similar income

59,068

38,031

645,405

410,845

Interest payable and similar expenses

6

55

159

PROFIT BEFORE TAXATION

645,350

410,686

Tax on profit

7

166,594

113,163

PROFIT FOR THE FINANCIAL YEAR

478,756

297,523

Profit attributable to:

Owners of the parent

478,756

297,523

PROFIT FOR THE YEAR

478,756

297,523

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

478,756

297,523

Total comprehensive income attributable to:

Owners of the parent

478,756

297,523

FIXED ASSETS

Tangible assets

9

6,592,938

6,612,703

Investments

10

-

-

6,592,938

6,612,703

CURRENT ASSETS

Stocks

11

15,560

15,183

Debtors

12

261,390

204,623

Cash at bank and in hand

3,245,186

2,724,028

3,522,136

2,943,834

CREDITORS

Amounts falling due within one year

13

450,157

368,376

NET CURRENT ASSETS

3,071,979

2,575,458

TOTAL ASSETS LESS CURRENT LIABILITIES

9,664,917

9,188,161

PROVISIONS FOR LIABILITIES

17

311,000

313,000

NET ASSETS

9,353,917

8,875,161

CAPITAL AND RESERVES

Called up share capital

18

10,000

10,000

Retained earnings

19

9,343,917

8,865,161

SHAREHOLDERS' FUNDS

9,353,917

8,875,161

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:

G Caris - Director

FIXED ASSETS

Tangible assets

9

6,470,732

6,509,515

Investments

10

1,000

1,000

6,471,732

6,510,515

CURRENT ASSETS

Stocks

11

13,560

13,183

Debtors

12

561,770

526,517

Cash at bank and in hand

2,827,491

2,286,559

3,402,821

2,826,259

CREDITORS

Amounts falling due within one year

13

369,449

266,696

NET CURRENT ASSETS

3,033,372

2,559,563

TOTAL ASSETS LESS CURRENT LIABILITIES

9,505,104

9,070,078

PROVISIONS FOR LIABILITIES

17

311,000

313,000

NET ASSETS

9,194,104

8,757,078

CAPITAL AND RESERVES

Called up share capital

18

10,000

10,000

Retained earnings

19

9,184,104

8,747,078

SHAREHOLDERS' FUNDS

9,194,104

8,757,078

Company's profit for the financial year

437,026

311,407

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:

G Caris - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2023

10,000

8,567,638

8,577,638

Changes in equity

Total comprehensive income

-

297,523

297,523

Balance at 31 December 2023

10,000

8,865,161

8,875,161

Changes in equity

Total comprehensive income

-

478,756

478,756

Balance at 31 December 2024

10,000

9,343,917

9,353,917

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2023

10,000

8,435,671

8,445,671

Changes in equity

Total comprehensive income

-

311,407

311,407

Balance at 31 December 2023

10,000

8,747,078

8,757,078

Changes in equity

Total comprehensive income

-

437,026

437,026

Balance at 31 December 2024

10,000

9,184,104

9,194,104

Cash flows from operating activities

Cash generated from operations

1

777,996

649,608

Interest paid

(55

)

(159

)

Tax paid

(92,231

)

(110,579

)

Net cash from operating activities

685,710

538,870

Cash flows from investing activities

Purchase of tangible fixed assets

(398,312

)

(527,958

)

Sale of tangible fixed assets

128,100

114,154

Interest received

59,068

38,031

Net cash from investing activities

(211,144

)

(375,773

)

Cash flows from financing activities

Amount introduced by directors

89,019

94,811

Amount withdrawn by directors

(42,815

)

(233,950

)

Net cash from financing activities

46,204

(139,139

)

Increase in cash and cash equivalents

520,770

23,958

Cash and cash equivalents at beginning of year

2

2,718,825

2,694,867

Cash and cash equivalents at end of year

2

3,239,595

2,718,825

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

2024

2023

£

£

Profit before taxation

645,350

410,686

Depreciation charges

307,067

326,862

Profit on disposal of fixed assets

(17,090

)

(38,885

)

Finance costs

55

159

Finance income

(59,068

)

(38,031

)

876,314

660,791

(Increase)/decrease in stocks

(377

)

82

Increase in trade and other debtors

(107,902

)

(22,434

)

Increase in trade and other creditors

9,961

11,169

Cash generated from operations

777,996

649,608

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

3,245,186

2,724,028

Bank overdrafts

(5,591

)

(5,203

)

3,239,595

2,718,825

Year ended 31 December 2023

31.12.23

1.1.23

£

£

Cash and cash equivalents

2,724,028

2,700,326

Bank overdrafts

(5,203

)

(5,459

)

2,718,825

2,694,867

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.24

Cash flow

At 31.12.24

£

£

£

Net cash

Cash at bank and in hand

2,724,028

521,158

3,245,186

Bank overdrafts

(5,203

)

(388

)

(5,591

)

2,718,825

520,770

3,239,595

Total

2,718,825

520,770

3,239,595

1.	STATUTORY INFORMATION

Tyne Tees Entertainments 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 General Information page.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

Basis of consolidation

The consolidated financial statements incorporate the financial statements of the company and its subsidiary company. The results of the subsidiaries acquired are consolidated for the periods from the date on which control passed and are accounted for under the acquisition method.

As permitted by section 408 of the Companies Act 2006, the profit and loss account of the parent company is not presented as part of these financial statements.

Turnover

Turnover represents arcade takings, takings from the children's indoor play centre and ice cream parlour, excluding value added tax, and is recognised on a cash basis.

Tangible fixed assets

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

Freehold property

-

not provided

Leasehold improvements

-

10% on cost and over the period of the lease

Amusement machines

-

33% on reducing balance

Fixtures and fittings

-

33% on cost, 25% on reducing balance and 20% on cost

Motor vehicles

-

25% on reducing balance and 25% on cost

Computer equipment

-

25% on cost

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

The directors consider that freehold properties are maintained in such a state of repair that their residual value is at least equal to their net book value.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

Hire purchase and leasing commitments

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 for the benefit of the directors. Contributions payable for the year are charged in the profit and loss account.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and Borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Judgements and key sources of estimation uncertainty

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

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

3.

TURNOVER

The turnover and profit before taxation are attributable to the principal activities of the group.

An analysis of turnover by class of business is given below:

2024

2023

£

£

Amusement arcade

2,622,181

2,541,588

Indoor soft play centre

1,162,690

1,141,076

3,784,871

3,682,664

4.	EMPLOYEES AND DIRECTORS

2024

2023

£

£

Wages and salaries

1,294,063

1,212,513

Social security costs

24,370

24,056

Other pension costs

6,348

187,002

1,324,781

1,423,571

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

2024

2023

Weekly staff

83

82

Directors

3

3

86

85

2024

2023

£

£

Directors' remuneration

226,073

221,804

Directors' pension contributions to money purchase schemes

-

180,000

Information regarding the highest paid director is as follows:

2024

2023

£

£

Emoluments etc

90,088

89,801

Pension contributions to money purchase schemes

-

60,000

5.	OPERATING PROFIT

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

2024

2023

£

£

Hire of plant and machinery

-

263

Depreciation - owned assets

307,067

326,863

Profit on disposal of fixed assets

(17,090

)

(38,885

)

Auditors remuneration

10,050

8,900

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2024

2023

£

£

Bank interest

-

151

Interest on VAT

12

8

PAYE interest

43

-

55

159

7.

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

168,594

54,461

Adjustments re prior years

-

1,702

Total current tax

168,594

56,163

Deferred taxation

(2,000

)

57,000

Tax on profit

166,594

113,163