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COMPANY REGISTRATION NUMBER: 03350786

Altitude Services Limited

Financial Statements

31 March 2025

Altitude Services Limited

Financial Statements

Year ended 31 March 2025

Contents | Pages

Officers and professional advisers | 1

Strategic report | 2 to 3

Directors' report | 4 to 5

Independent auditor's report to the members | 6 to 9

Statement of income and retained earnings | 10

Statement of financial position | 11 to 12

Statement of cash flows | 13

Notes to the financial statements | 14 to 20

Altitude Services Limited

Officers and Professional Advisers

The board of directors | Mr RP Payne
| Mrs A Payne
| Mr SB Mills
| Mr RG Westwood
| Mr A Wrigley

Company secretary | Mrs A Payne

Registered office | Unit 10b 1, Dean Court
| Shuttleworth Mead Business Park
| Padiham
| Burnley
| BB12 7NG

Auditor | Moss & Williamson Limited
| Chartered Accountants & statutory auditor
| 32 Booth St,
| Ashton-under-Lyne
| England
| OL6 7LQ

Bankers | Handelsbanken
| 3 Thomas Moore Square
| London
| E1W 1WY

Altitude Services Limited

Strategic Report

Year ended 31 March 2025
Strategic report
The directors present their strategic report for the year ended 31 March 2025 Fair Review Of The Business The principal activity of the business continued to be the installation and maintenance of External Lighting During the year there was a 15% increase in sales and the gross margin improved from 31% to 32%. The net profit before tax of £1.3m was higher than the previous year of £1.1m The company maintained a healthy balance sheet with retained reserves of £3.4m , an increase of £0.8m on the previous year, This is due to the Company's strong performance outlined above. The Directors are satisfied with the Company's performance for the year and with its financial position at the Balance Sheet date Key Performance Indicators The directors believe that the KPI's outlined below provide an overview as to how the company is performing against principal key objectives to enable it to achieve the directors long term strategic vision. The KPI's encompass business performance as well as financial indicators taking consideration of the interests of all stakeholders : Turnover £16.3m ( 2024: £14.2m ) Gross margin £5.2 m ( 2024: £4.4m ) Operating profit £1.4m ( 2024: £1.2 ) Cash balances £0.7m ( 2024: £0.9m ) Shareholders funds £3.4 ( 2024: £2.6m ) Headcount 76 ( 2024: 73 ) Principal risks and uncertainties The company is forecast to generate a similar level of performance as it achieved in 2024/25.The directors are aware of the risks that the continued impacts of Covid and the wars in Ukraine and Palestine as well as the current worldwide economic and trading environment bring to the company. The directors meet on a regular basis with other members of senior management where the risks and uncertainties facing the business are discussed and appropriate actions taken to mitigate any impact on the company's performance Liquidity and cashflow risk The directors aim to mitigate liquidity risk and cashflow risk by managing working capital and closely monitoring working capital requirements Legislative and Regulatory Risk The company operates in an industry which is subject to health and safety, environmental and other regulations. Failure to comply with relevant laws and regulations could lead to a loss of reputation, revenues or ability to operate. To mitigate this risk the directors continue to invest in the training of staff , monitor for changes in laws and regulations and identify and action improvements in processes and controls
This report was approved by the board of directors on 31 October 2025 and signed on behalf of the board by:
Mr R Payne Director

Registered office:
Unit 10b 1, Dean Court
Shuttleworth Mead Business Park
Padiham
Burnley
BB12 7NG

Altitude Services Limited

Directors' Report

Year ended 31 March 2025
The directors present their report and the financial statements of the company for the year ended 31 March 2025 .
Directors
The directors who served the company during the year were as follows:

Mr RP Payne |
Mrs A Payne |
Mr SB Mills |
Mr RG Westwood |
Mr A Wrigley |

Dividends
Particulars of recommended dividends are detailed in note 12 to the financial statements.
Directors' responsibilities statement
The directors are responsible for preparing the strategic report, directors' report 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 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 judgments 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. Auditor
Each of the persons who is a director at the date of approval of this report confirms that:
- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.
This report was approved by the board of directors on 31 October 2025 and signed on behalf of the board by:
Mr R Payne Director

Registered office:
Unit 10b 1, Dean Court
Shuttleworth Mead Business Park
Padiham
Burnley
BB12 7NG

Altitude Services Limited

Independent Auditor's Report to the Members of Altitude Services Limited

Year ended 31 March 2025
Opinion
We have audited the financial statements of Altitude Services Limited (the 'company') for the year ended 31 March 2025 which comprise the statement of income and retained earnings, statement of financial position, statement of cash flows and the related notes, 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 FRS 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 March 2025 and of its profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - 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 auditor's 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 other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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 directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the strategic report and the directors' report 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 directors' report. We have nothing to report in respect of the following matters in relation to which 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 directors' responsibilities statement, 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 is 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.
Auditor's 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 an auditor’s report 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: 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.The description forms part of our Report of the Auditors. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. 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 an auditor's report 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.

Malcolm Foote FCA
(Senior Statutory Auditor)

For and on behalf of
Moss & Williamson Limited
Chartered Accountants & statutory auditor
32 Booth St,
Ashton-under-Lyne
England
OL6 7LQ

31 October 2025

Altitude Services Limited

Statement of Income and Retained Earnings

Year ended 31 March 2025

| 2025 | 2024
Note | £ | £
Turnover | 4 | 16,322,955 | 14,239,824

Cost of sales | 11,066,798 | 9,876,588
| ------------- | -------------
Gross profit | 5,256,157 | 4,363,236

Administrative expenses | 3,856,289 | 3,173,222
|  | ------------ | ------------
Operating profit | 5 | 1,399,868 | 1,190,014

Interest receivable | 9 | 24,380 | 144
Interest payable | 10 | 159,247 | 119,785
| ------------ | ------------
Profit before taxation | 1,265,001 | 1,070,373

Taxation on ordinary activities | 11 | 314,446 | 294,906
| ------------ | ------------
Profit for the financial year and total comprehensive income | 950,555 | 775,467
| ------------ | ------------

Dividends paid and payable | 12 | ( 135,633) | ( 233,000)

Retained earnings at the start of the year | 2,597,265 | 2,054,798
| ------------ | ------------
Retained earnings at the end of the year | 3,412,187 | 2,597,265
| ------------ | ------------

All the activities of the company are from continuing operations.

Altitude Services Limited

Statement of Financial Position

31 March 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 13 |  | 3,733,985 | 3,255,078

Current assets

Stocks | 14 | 1,295,877 |  | 888,794
Debtors | 15 | 2,585,554 |  | 1,574,619
Cash at bank and in hand | 695,155 |  | 857,555
| ------------ |  | ------------
| 4,576,586 |  | 3,320,968

Creditors: amounts falling due within one year | 16 | 2,778,852 |  | 2,008,645
| ------------ |  | ------------
Net current assets |  | 1,797,734 | 1,312,323
|  | ------------ | ------------
Total assets less current liabilities |  | 5,531,719 | 4,567,401

Creditors: amounts falling due after more than one year | 17 |  | 1,375,334 | 1,284,473

Provisions

Taxation including deferred tax | 19 |  | 743,798 | 685,263
|  | ------------ | ------------
Net assets |  | 3,412,587 | 2,597,665
|  | ------------ | ------------

Altitude Services Limited

Statement of Financial Position (continued)

31 March 2025

| 2025 | 2024
Note | £ | £ | £

Capital and reserves

Called up share capital | 22 |  | 400 | 400
Profit and loss account | 23 |  | 3,412,187 | 2,597,265
|  | ------------ | ------------
Shareholders funds |  | 3,412,587 | 2,597,665
|  | ------------ | ------------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the medium companies regime.
These financial statements were approved by the board of directors and authorised for issue on 31 October 2025 , and are signed on behalf of the board by:
R.P.Payne Director
Company registration number: 03350786

Altitude Services Limited

Statement of Cash Flows

Year ended 31 March 2025

| 2025 | 2024
| £ | £

Cash flows from operating activities

Profit for the financial year | 950,555 | 775,467

Adjustments for: |  |
Depreciation of tangible assets | 852,301 | 616,514
Interest receivable | ( 24,380) | ( 144)
Interest payable | 159,247 | 119,785
Loss/(gains) on disposal of tangible assets | 75,932 | ( 22,924)
Taxation on ordinary activities | 314,446 | 294,906
Accrued expenses | 7,040 | 6,200

Changes in: |  |
Stocks | ( 407,083) | ( 28,243)
Trade and other debtors | ( 1,010,935) | ( 9,175)
Trade and other creditors | 381,002 | 57,169
| ------------ | ------------
Cash generated from operations | 1,298,125 | 1,809,555

Interest paid | ( 159,247) | ( 119,785)
Interest received | 24,380 | 144
Tax received | 14,419 | –
| ------------ | ------------
Net cash from operating activities | 1,177,677 | 1,689,914
| ------------ | ------------

Cash flows from investing activities

Purchase of tangible assets | ( 1,444,140) | ( 1,599,721)
Proceeds from sale of tangible assets | 37,000 | 130,860
| ------------ | ------------
Net cash used in investing activities | ( 1,407,140) | ( 1,468,861)
| ------------ | ------------

Cash flows from financing activities

Payments of finance lease liabilities | 202,696 | 645,603
Dividends paid | ( 135,633) | ( 233,000)
| ------------ | ------------
Net cash from financing activities | 67,063 | 412,603
| ------------ | ------------

Net (decrease)/increase in cash and cash equivalents | ( 162,400) | 633,656
Cash and cash equivalents at beginning of year | 857,555 | 223,899
| --------- | ---------
Cash and cash equivalents at end of year | 695,155 | 857,555
| --------- | ---------

Altitude Services Limited

Notes to the Financial Statements

Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 10b 1, Dean Court, Shuttleworth Mead Business Park, Padiham, BB12 7NG, Burnley.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Additions to landlords property | - | 2% straight line
| Plant and machinery | - | 10% reducing balance
| Motor vehicles | - | 25% reducing balance

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Turnover
Turnover arises from:

| 2025 | 2024
| £ | £
Rendering of services | 16,322,955 | 14,239,824
| ------------- | -------------

The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.
5. Operating profit
Operating profit or loss is stated after charging/crediting:

| 2025 | 2024
| £ | £
Depreciation of tangible assets | 852,301 | 616,514
Loss/(gains) on disposal of tangible assets | 75,932 | ( 22,924)
| --------- | ---------

6. Auditor's remuneration

| 2025 | 2024
| £ | £
Fees payable for the audit of the financial statements | 6,000 | 5,000
| ------- | -------

7. Particulars of employees
The average number of persons employed by the company during the year, including the directors, amounted to:

| 2025 | 2024
| No. | No.
Production staff | 48 | 45
Administrative staff | 23 | 23
Management staff | 5 | 5
| ---- | ----
| 76 | 73
| ---- | ----

The aggregate payroll costs incurred during the year, relating to the above, were:

| 2025 | 2024
| £ | £
Wages and salaries | 3,056,074 | 2,972,115
Other pension costs | 118,216 | 132,315
| ------------ | ------------
| 3,174,290 | 3,104,430
| ------------ | ------------

8. Directors' remuneration
The directors' aggregate remuneration in respect of qualifying services was:

| 2025 | 2024
| £ | £
Remuneration | 204,051 | 202,350
| --------- | ---------

Remuneration of the highest paid director in respect of qualifying services:

| 2025 | 2024
| £ | £
Aggregate remuneration | 96,977 | 93,900
| -------- | --------

9. Interest receivable

| 2025 | 2024
| £ | £
Interest on loans and receivables | 940 | –
Interest on cash and cash equivalents | 23,440 | 144
| -------- | ----
| 24,380 | 144
| -------- | ----

10. Interest payable

| 2025 | 2024
| £ | £
Interest on obligations under finance leases and hire purchase contracts | 159,247 | 119,785
| --------- | ---------

11. Taxation on ordinary activities
Major components of tax expense

| 2025 | 2024
| £ | £

Current tax:

UK current tax expense | 255,911 | –

Deferred tax:

Origination and reversal of timing differences | 58,535 | 294,906
| --------- | ---------
Taxation on ordinary activities | 314,446 | 294,906
| --------- | ---------

12. Dividends

| 2025 | 2024
| £ | £
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year ) | 135,633 | 233,000
| --------- | ---------

13. Tangible assets

| Leasehold land and buildings | Plant and machinery | Motor vehicles | Total
| £ | £ | £ | £
Cost |  |  |  |
At 1 April 2024 | 87,686 | 607,341 | 4,538,470 | 5,233,497
Additions | – | 173,064 | 1,271,076 | 1,444,140
Disposals | – | ( 1,375) | ( 479,897) | ( 481,272)
| -------- | --------- | ------------ | ------------
At 31 March 2025 | 87,686 | 779,030 | 5,329,649 | 6,196,365
| -------- | --------- | ------------ | ------------
Depreciation |  |  |  |
At 1 April 2024 | 4,384 | 219,043 | 1,754,992 | 1,978,419
Charge for the year | 1,754 | 48,260 | 802,287 | 852,301
Disposals | – | ( 372) | ( 367,968) | ( 368,340)
| -------- | --------- | ------------ | ------------
At 31 March 2025 | 6,138 | 266,931 | 2,189,311 | 2,462,380
| -------- | --------- | ------------ | ------------
Carrying amount |  |  |  |
At 31 March 2025 | 81,548 | 512,099 | 3,140,338 | 3,733,985
| -------- | --------- | ------------ | ------------
At 31 March 2024 | 83,302 | 388,298 | 2,783,478 | 3,255,078
| -------- | --------- | ------------ | ------------

14. Stocks

| 2025 | 2024
| £ | £
Raw materials | 1,295,877 | 888,794
| ------------ | ---------

15. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 2,419,838 | 1,476,932
Prepayments and accrued income | 65,834 | 32,586
Other debtors | 99,882 | 65,101
| ------------ | ------------
| 2,585,554 | 1,574,619
| ------------ | ------------

16. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 1,230,659 | 899,166
Accruals and deferred income | 15,820 | 8,780
Corporation tax | 270,330 | –
Social security and other taxes | 156,588 | 90,356
Obligations under finance leases and hire purchase contracts | 1,086,804 | 974,969
Other creditors | 18,651 | 35,374
| ------------ | ------------
| 2,778,852 | 2,008,645
| ------------ | ------------

17. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Obligations under finance leases and hire purchase contracts | 1,375,334 | 1,284,473
| ------------ | ------------

18. Finance leases and hire purchase contracts
The total future minimum lease payments under finance leases and hire purchase contracts are as follows:

| 2025 | 2024
| £ | £
Not later than 1 year | 1,086,804 | 974,969
Later than 1 year and not later than 5 years | 1,375,334 | 1,284,473
| ------------ | ------------
| 2,462,138 | 2,259,442
| ------------ | ------------

19. Provisions

| Deferred tax (note 20)
| £
At 1 April 2024 | 685,263
Transfers | 58,535
| ---------
At 31 March 2025 | 743,798
| ---------

20. Deferred tax
The deferred tax included in the statement of financial position is as follows:

| 2025 | 2024
| £ | £
Included in provisions (note 19) | 743,798 | 685,263
| --------- | ---------

21. Employee benefits
Defined contribution plans
The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 118,216 (2024: £ 132,315 ).
22. Called up share capital
Issued, called up and fully paid

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £ 1 each | 400 | 400 | 400 | 400
| ---- | ---- | ---- | ----

23. Reserves
Profit and loss account - This reserve records retained earnings and accumulated losses.
24. Analysis of changes in net debt

| At 1 Apr 2024 | Cash flows | At 31 Mar 2025
| £ | £ | £
Cash at bank and in hand | 857,555 | (162,400) | 695,155
Debt due within one year | (974,969) | (111,835) | (1,086,804)
Debt due after one year | (1,284,473) | (90,861) | (1,375,334)
| ------------ | --------- | ------------
| ( 1,401,887) | ( 365,096) | ( 1,766,983)
| ------------ | --------- | ------------

25. Directors' advances, credits and guarantees
Included in other creditors is £634 (2024 £74) due to B Payne, £16983 (2024 £23450) due to S Mills, and £1033 (2024 £7900) due to R Westwood. Included in other debtors is a loan to A Wrigley , a company director amounting to £42723 (2024 creditor £3950) Interest has been charged on this loan at the HMRC rate .
26. Related party transactions
The company was under the control of Mr RP Payne throughout the current and previous year. Mr RP Payne is the managing director and majority shareholder.