REGISTERED NUMBER: 04416660 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements

for the Period 1 April 2024 to 30 April 2025

for

CMYUK Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Statement of Income and Retained Earnings

9

Statement of Financial Position

10

Statement of Cash Flows

11

Notes to the Statement of Cash Flows

12

Notes to the Financial Statements

14

DIRECTORS:

J A R Price

C M Price

R D East

E East

REGISTERED OFFICE:

Building 329, Suite G4

Doncastle Road

Bracknell

Berkshire

RG12 8PE

REGISTERED NUMBER:

04416660 (England and Wales)

AUDITORS:

WP Audit Services LLP

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

The directors submit their strategic report of CMYUK Limited (Company Registration No. 04416660) for the

period ended 30 April 2025.

PRINCIPAL ACTIVITY

The principal activity of the company during the year was that of the purchase and re-sale of computer and office consumables and hardware.

REVIEW OF THE BUSINESS

The company reported a good performance in the period with turnover of £14,680,842 in the 13 month period compared to £14,040,070 for the year ended 31 March 2024.

The company had a stable period, maintaining similar gross profit margins and a slightly increased cost base and so the operating profit decreased slightly from £208,912 to £159,849.

The company's balance sheet also improved with net assets of £614,675 (2024: £565,850).

The strategic objective of the company continues to be the leading provider of IT solutions.

FUTURE DEVELOPMENTS

The company is forecasting 2026 and beyond to be years with steady growth when it believes it will benefit from all the current research and development.

KEY PERFORMANCE INDICATORS

The company considers its Key Performance Indicators to be turnover, operating profit and net assets.

13 months to

Year ended

Year ended

2025

2024

2023

£

£

£

Turnover

14,680,842

14,040,070

12,828,273

Operating profit

159,849

208,912

568,491

Net assets

614,675

565,850

529,588

PRINCIPAL RISKS AND UNCERTAINTIES

The company's principal financial instruments comprise bank balances, inventories, trade debtors and trade creditors. The main purpose of these instruments is to provide funds for the company's operations. Their existence exposes the company to a number of financial risks, which have been considered and are managed as follows:

Credit risk

The company has a significant and diverse customer base, invoicing in advance of the provision of the support. This combined with undertaking stringent credit checks and the implementation of further safeguards, where necessary, minimises credit risk.

Operational risk:

Operational risk is the risk of a direct or indirect loss resulting from the inadequacies or failures of processes or controls due to technology, staff, organisation or external factors. To monitor and control operational risk, the company maintains a system of comprehensive policies and a control framework which is designed to provide a sound and well-controlled operational environment.

Liquidity risk:

Liquidity risk is the risk that the company will have insufficient resources to meet its financial liabilities as they fall due. The company's strategy to managing liquidity risk is to maintain significant cash balances within the business.

Price risk:

Price risk is the risk that financial performance of the company will be adversely affected by pricing changes or price pressure from competitors. The company's main cost is it's staff and so with annual reviews can plan and mitigate that risk. The company invoices in advance which mitigates the risk on changes arising from competitor pricing.

Currency risk:

Currency risk is the risk that the financial performance of the company will be adversely affected by fluctuations in foreign currencies used by the company. The company manages its exposure to short term fluctuations in currency by holding sufficient cash reserves in currencies used in the business avoiding the need to convert currencies on a short term basis.

The directors review the principal risks and uncertainties facing the company on a regular basis and ensure systems and policies are continuously updated to reflect any changes, they work in an efficient manner to minimise those risks and help achieve the company's objectives.

GOING CONCERN

The company's business activities, together with the factors likely to affect its future development, performance and

position are set out above.

After making enquiries, the directors have an expectation that the company's net assets as at 30 April 2025 of £614,675 and the company's cash position, forecasts and projections for a period of 12 months from the accounts signing date are more than sufficient to provide adequate resources to continue in operational existence for the foreseeable future. The directors have therefore concluded that it is appropriate to prepare the financial statements on a going concern basis.

ON BEHALF OF THE BOARD:

J A R Price - Director

3 November 2025

The directors present their report with the financial statements of the company for the period 1 April 2024 to 30 April 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the period under review was that of the purchase and re-sale of computer and office consumables and hardware.

DIVIDENDS

No dividends will be distributed for the period ended 30 April 2025.

RESEARCH AND DEVELOPMENT

The company is engaged in ongoing research and development aimed at technological advancements to the large format digital print market.

DIRECTORS

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

J A R Price

C M Price

R D East

E East

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), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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

The auditors, WP Audit Services LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

J A R Price - Director

3 November 2025

Opinion

We have audited the financial statements of CMYUK Limited (the 'company') for the period ended 30 April 2025 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position, Statement of Cash Flows and Notes to the Statement of Cash Flows, 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 30 April 2025 and of its profit for the period then ended;

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

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

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the 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 four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the 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:

We obtained an understanding of the legal and regulatory framework that the company operates in, focussing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context include the Companies Act and tax legislation. In addition we considered the provisions of other laws and regulations that do not have an effect on the financial statements but compliance with which may be fundamental to the company's ability to incur or to avoid a material penalty, including the company's operating licences and environmental regulations.

Our procedures in response to the risks identified included reviewing the financial statements disclosures and testing supporting documentation to assess compliance with the provisions of relevant laws and regulations considered to have a direct effect in the financial statements, enquiring of management concerning actual or potential litigation and claims, performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud, reading minutes of meetings of those charged with governance, reviewing correspondence with relevant regulatory authorities and in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments, assessing whether the judgements made in making accounting estimates are indicative of a potential bias and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential audit risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the

audit.

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.

Andrew Carpenter (Senior Statutory Auditor)

for and on behalf of WP Audit Services LLP

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

3 November 2025

REVENUE

4

14,680,842

14,040,070

Cost of sales

(11,730,967

)

(11,195,545

)

GROSS PROFIT

2,949,875

2,844,525

Administrative expenses

(2,805,533

)

(2,681,358

)

144,342

163,167

Other operating income

15,507

45,745

OPERATING PROFIT

6

159,849

208,912

Interest receivable and similar income

312

357

160,161

209,269

Interest payable and similar expenses

7

(98,595

)

(110,607

)

PROFIT BEFORE TAXATION

61,566

98,662

Tax on profit

8

(12,741

)

(13,300

)

PROFIT FOR THE FINANCIAL PERIOD

48,825

85,362

Retained earnings at beginning of period

464,850

428,588

Dividends

9

-

(49,100

)

RETAINED EARNINGS AT END OF PERIOD

513,675

464,850

FIXED ASSETS

Property, plant and equipment

10

78,628

246,732

CURRENT ASSETS

Inventories

11

2,019,842

2,479,150

Debtors

12

3,028,801

2,992,994

Cash at bank

97,850

31,756

5,146,493

5,503,900

CREDITORS

Amounts falling due within one year

13

(4,282,124

)

(4,767,337

)

NET CURRENT ASSETS

864,369

736,563

TOTAL ASSETS LESS CURRENT LIABILITIES

942,997

983,295

CREDITORS

Amounts falling due after more than one year

14

(308,665

)

(355,762

)

PROVISIONS FOR LIABILITIES

18

(19,657

)

(61,683

)

NET ASSETS

614,675

565,850

CAPITAL AND RESERVES

Called up share capital

19

2,000

2,000

Share premium

20

99,000

99,000

Retained earnings

20

513,675

464,850

SHAREHOLDERS' FUNDS

614,675

565,850

The financial statements were approved by the Board of Directors and authorised for issue on 3 November 2025 and were signed on its behalf by:

J A R Price - Director

Cash flows from operating activities

Cash generated from operations

1

210,445

110,891

Interest paid

(82,647

)

(87,942

)

Interest element of hire purchase payments paid

(15,948

)

(22,665

)

Tax paid

(32,730

)

(8,933

)

Net cash from operating activities

79,120

(8,649

)

Cash flows from investing activities

Purchase of tangible fixed assets

(8,499

)

(5,675

)

Sale of tangible fixed assets

69,000

-

Interest received

312

357

Net cash from investing activities

60,813

(5,318

)

Cash flows from financing activities

New loans in year

316,801

474,382

Loan repayments in year

(238,428

)

(181,314

)

Capital repayments in year

(152,212

)

(60,675

)

Equity dividends paid

-

(49,100

)

Net cash from financing activities

(73,839

)

183,293

Increase in cash and cash equivalents

66,094

169,326

Cash and cash equivalents at beginning of period

2

31,756

(137,570

)

Cash and cash equivalents at end of period

2

97,850

31,756

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

Period

1/4/24

to

Year ended

30/4/25

31/3/24

£

£

Profit before taxation

61,566

98,662

Depreciation charges

80,305

122,631

Loss on disposal of fixed assets

27,298

363

Finance costs

98,595

110,607

Finance income

(312

)

(357

)

267,452

331,906

Decrease in inventories

459,308

190,940

Increase in trade and other debtors

(35,807

)

(124,270

)

Decrease in trade and other creditors

(480,508

)

(287,685

)

Cash generated from operations

210,445

110,891

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Period ended 30 April 2025

30/4/25

1/4/24

£

£

Cash and cash equivalents

97,850

31,756

Year ended 31 March 2024

31/3/24

1/4/23

£

£

Cash and cash equivalents

31,756

19

Bank overdrafts

-

(137,589

)

31,756

(137,570

)

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1/4/24

Cash flow

At 30/4/25

£

£

£

Net cash

Cash at bank

31,756

66,094

97,850

31,756

66,094

97,850

Debt

Finance leases

(240,225

)

152,212

(88,013

)

Debts falling due within 1 year

(774,068

)

5,147

(768,921

)

Debts falling due after 1 year

(167,598

)

(83,520

)

(251,118

)

(1,181,891

)

73,839

(1,108,052

)

Total

(1,150,135

)

139,933

(1,010,202

)

1.	STATUTORY INFORMATION

CMYUK 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 presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Going concern

After reviewing the company's cash position, forecasts and projections for a period of 12 months from the accounts signing date, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its consolidated financial statements.

Critical accounting judgements and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions

The company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

Valuation of inventories

Inventories are stated at the lower of cost and net realisable value. Estimates are made in respect of determining the net realisable value of inventories and so the amount of impairment losses. The directors have assessed the net realisable value of the company's inventories having regard to the age of the stock, the number of individual items held and the level of recent sales of stock lines. However the assessment of net realisable value is inherently subjective as it is made on the basis on previous sale activity which may in future not prove to be accurate.

Turnover

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

Tangible fixed assets

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

Plant and machinery

-

33% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Impairment of fixed assets

Fixed assets are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable or as otherwise required by relevant accounting standards.

Shortfalls between the carrying value of fixed assets and their recoverable amounts, being the higher of net realisable value and value-in-use, are recognised as impairments. Impairment losses are recognised in the profit and loss account.

Inventories

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Inventory is stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, inventory is assessed for impairment. If inventory is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

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.

Government grants

Government grants in relation to tangible fixed assets are credited to the profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102, in full, to all of its financial instruments.

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument, and are offset only when the company currently has a legally enforceable right to set off the recognised amounts and intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets

Debtors

Debtors which are receivable within one year and which do not constitute a financing transaction are initially measured at the transaction price. Debtors are subsequently measured at amortised cost, being the transaction price less any amounts settled and any impairment losses.

Where an arrangement with a debtor constitutes a financing transaction, the debtor is initially and subsequently measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.

A provision for impairment of debtors is established when there is evidence that the amounts due will not be collected according to the original terms of the contract. Impairment losses are recognised in profit or loss for the excess of the carrying value of the debtor over the present value of the future cash flows discounted using the original effective interest rate. Subsequent reversals of an impairment loss that objectively relate to an event accruing after the impairment loss was recognised, are recognised immediately in profit or loss.

Creditors

Creditors which are payable within one year and which do not constitute a financing transaction are initially measured at the transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.

Borrowings

Borrowings are initially recognised at the transaction price, including transaction costs, and subsequently measured at amortised cost using the effective interest method. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and other similar charges.

Financial liabilities and equity

Derecognition of financial assets and liabilities

A financial asset is derecognised only when the contractual rights to cash flows expire or are settled, or substantially all the risks and rewards of ownership are transferred to another party, 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. A financial liability (or part thereof) is derecognised when the obligation specified in the contract is discharged, cancelled or expires.

Dividends

Dividends are recognised as liabilities once they are no longer at the discretion of the company.

4.

REVENUE

The revenue and profit before taxation are attributable to the one principal activity of the company.

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

Period

1/4/24

to

Year ended

30/4/25

31/3/24

£

£

Sale of goods

14,560,831

13,944,354

Rental income

120,011

95,716

14,680,842

14,040,070

In the period to 30 April 2025 and year ended 31 March 2024 all of the company's turnover was attributable to UK markets.

5.	EMPLOYEES AND DIRECTORS

Period

1/4/24

to

Year ended

30/4/25

31/3/24

£

£

Wages and salaries

938,321

934,518

Social security costs

105,809

101,551

Other pension costs

15,795

14,553

1,059,925

1,050,622

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

Period

1/4/24

to

Year ended

30/4/25

31/3/24

Finance & Management

6

7

Sales & Marketing

5

7

Warehouse & Operations

7

6

18

20

Period

1/4/24

to

Year ended

30/4/25

31/3/24

£

£

Directors' remuneration

103,348

142,737

6.	OPERATING PROFIT

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

30/04/2025

31/03/2024

£

£

Depreciation

80,305

122,631

Loss on disposal of fixed assets

27,298

363

Property operating lease rentals

456,098

456,098

Other operating leases

30,184

28,782

Auditors' remuneration

11,500

11,000

Research and development

52,178

48,576

7.

INTEREST PAYABLE AND SIMILAR EXPENSES

Period

1/4/24

to

Year ended

30/4/25

31/3/24

£

£

Loan

82,647

87,942

Hire purchase

15,948

22,665

98,595

110,607

8.

TAXATION

Analysis of the tax charge

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

Period

1/4/24

to

Year ended

30/4/25

31/3/24

£

£

Current tax:

UK corporation tax

64,667

42,630

Prior year under / (over) provision

(9,900

)

-

Total current tax

54,767

42,630

Deferred tax

(42,026

)

(29,330

)

Tax on profit

12,741

13,300

UK corporation tax has been charged at 25% (2024 - 25%).