REGISTERED NUMBER: 01389099 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2025

FOR

ERG (AIR POLLUTION CONTROL) LIMITED

Page

Strategic Report

1

Report of the Directors

2

Report of the Independent Auditors

4

Statement of Income and Retained Earnings

7

Balance Sheet

8

Notes to the Financial Statements

9

The directors present their strategic report for the year ended 28th February 2025.

REVIEW OF BUSINESS PERFORMANCE

Overall sales reported for the year are £16,673k. This is an exceptional 56% growth compared to sales the previous year of £10,672k.

Underlying these sales results, the performances across the constituent business divisions present a strong picture.

- The Projects division increased its sales by 53% versus the previous year. This strong performance has been aided by new export contracts in Taiwan and Ireland. During the year, staff headcount was increased by 29% to resource for the higher volume.

- The Middle East division focusses on odour control systems throughout the region and saw sales increase by 140%. The Middle East team managed to deliver this phenomenal growth largely within existing resources but since the year end has now expanded headcount by 27% with recruitment across all functions in order to build capacity to maintain its project delivery capacity. New contracts have been won right across the region, and in particular our push into Saudi Arabia continues to be rewarded with multiple repeat and new contracts. Major contracts have also been won in India, where odour control demand is strong with the Indian government's stated drive for water infrastructure investment.

- The Maintenance division has posted 12% sales increase this year. Demand remains high and sales performance is really only limited by the capacity of the maintenance team to deliver the work. Recruitment of suitably qualified technicians with the right aptitude is a constant challenge.

The board is confident in asserting that the business has a solid foundation and is well-placed for future growth. The business continues to be appropriately diversified across the dimensions of (i) technology (odour control versus sophisticated industrial gas treatment), (ii) the climate for capital investment (new equipment installations versus ongoing maintenance), (iii) geography (domestic versus export sales) in order to weather external trading shocks, and (iv) client profile, especially repeat business versus new business development.

PRINCIPAL RISKS AND UNCERTAINTIES

In line with standard practice in our industry, ERG accrues provisions for possible post commissioning challenges in the plants we supply and install. These provisions are kept under review by the board, and the directors think that the current provisions level offers appropriate cover for any foreseeable costs.

In order to undertake the volume of international export contracts that we win, ERG enjoys the support of our corporate bankers, HSBC. HSBC continues to support ERG through the provision of trading facilities which include credit lines for: bank guarantees, import letters of credit and working capital loans secured against confirmed export letters of credit. With ERG's many years of export experience, together with access to the expertise of HSBC's international trade relationship directors, ERG is confident that any significant risks are identified and appropriately mitigated.

BRANCHES

The company has branches in Jordan and UAE.

ON BEHALF OF THE BOARD:

P I Batt - Director

18th November 2025

The directors present their report with the financial statements of the company for the year ended 28th February 2025.

DIVIDENDS

The directors do not recommend a final dividend.

DIRECTORS

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

J R Scott-Bowden

R J Hanson

M A Wharton

H Mcwillie

N James

E J Hooper

P I Batt

Y S A R Al Shafee

DISCLOSURE IN THE STRATEGIC REPORT

The company has chosen, in accordance with the Companies Act 2006 s414C(11), to set out in the company's strategic report information required by Schedule 7 of the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 to be contained in the directors' report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

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

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

-	select suitable accounting policies and then apply them consistently;

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

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

ON BEHALF OF THE BOARD:

P I Batt - Director

18th November 2025

Opinion

We have audited the financial statements of ERG (Air Pollution Control) Limited (the 'company') for the year ended 28th February 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 28th February 2025 and of its profit for the year then ended;

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

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

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

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

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

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

Other information

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

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Matters on which we are required to report by exception

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

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

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

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

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

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

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page two, 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:

Based on our understanding of the company and industry, we considered the risk of non-compliance with laws and regulations, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the financial statements such as the Companies Act 2006. We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls). Audit procedures performed included:

-

Enquiring of management whether there were instances of non-compliance with laws and regulation or fraud;

-

Review of legal expenses for evidence of fees relating to non-compliance;

-

Review of journal entries, non-sales bank receipts and non-purchase bank payments for unusual accounting entries; and

-

Review of contracts and contract balance substantive testing to confirm that revenue has been correctly recognised.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

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.

Colin Young BA FCA (Senior Statutory Auditor)

for and on behalf of Galloways Accounting

Statutory Auditors

15 West Street

Brighton

East Sussex

BN1 2RL

18th November 2025

TURNOVER

3

16,673,406

10,671,545

Cost of sales

(11,938,354

)

(6,591,427

)

GROSS PROFIT

4,735,052

4,080,118

Administrative expenses

(4,542,217

)

(4,172,820

)

192,835

(92,702

)

Other operating income

716,590

926,316

OPERATING PROFIT

5

909,425

833,614

Interest receivable and similar income

24,601

29,478

934,026

863,092

Interest payable and similar expenses

6

-

(27

)

PROFIT BEFORE TAXATION

934,026

863,065

Tax on profit

7

(10,045

)

40,150

PROFIT FOR THE FINANCIAL YEAR

923,981

903,215

Retained earnings at beginning of year

1,918,909

1,015,694

RETAINED EARNINGS AT END OF YEAR

2,842,890

1,918,909

FIXED ASSETS

Tangible assets

8

195,791

159,748

Investments

9

74,114

74,114

269,905

233,862

CURRENT ASSETS

Stocks

10

138,069

143,229

Debtors

11

10,119,116

5,477,448

Cash at bank and in hand

3,758,183

1,191,810

14,015,368

6,812,487

CREDITORS

Amounts falling due within one year

12

(11,293,328

)

(5,084,891

)

NET CURRENT ASSETS

2,722,040

1,727,596

TOTAL ASSETS LESS CURRENT LIABILITIES

2,991,945

1,961,458

PROVISIONS FOR LIABILITIES

16

(139,055

)

(32,549

)

NET ASSETS

2,852,890

1,928,909

CAPITAL AND RESERVES

Called up share capital

17

10,000

10,000

Retained earnings

2,842,890

1,918,909

SHAREHOLDERS' FUNDS

2,852,890

1,928,909

The financial statements were approved by the Board of Directors and authorised for issue on 18th November 2025 and were signed on its behalf by:

P I Batt - Director

1.	Statutory information

ERG (Air Pollution Control) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

01389099

Registered office:

Bridge House Environmental Centre

Bridge House Lane

Five Oaks Road

Slinfold

West Sussex

RH13 0QW

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

The company's principal activity is the provision of specialist air pollution control, gas treatment and odour control packages.

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.

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

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirement of paragraph 3.17(d);

•

the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

•

the requirement of paragraph 33.7.

Preparation of consolidated financial statements

The financial statements contain information about ERG (Air Pollution Control) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, ERG Process Technologies Limited, Bridge House Environmental Centre, Bridge House Lane, Five Oaks Road, Slinfold, West Sussex RH13 0QW.

Significant judgements and estimates

The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year include:

Construction contract turnover

Turnover from contracts is calculated using an estimation of the outcome of ongoing contracts and the cost towards their completion based on management's judgement.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Maintenance contracts

When the outcome of a transaction can be estimated reliably, turnover from the start date of the period of the maintenance contract is recognised by reference to the stage of completion at the balance sheet date on a straight line basis over the period of the contract. Stage of completion is measured by reference to the maintenance contract end date.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Construction contracts

Revenue from contracts for the provision of services is recognised by reference to the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total forecast costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less accumulated depreciation.

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

Fixtures and fittings

-

33% on cost

Motor vehicles

-

33% on cost

Equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are stated 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 stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Recognition of financial instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost less any impairment.

De-recognition of financial instruments

Financial instruments are de-recognised only when the contractual rights to the cash flows from the instrument expire, are settled, or transferred.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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

3.

Turnover

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

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

2025

2024

£

£

Projects

13,962,509

8,192,750

Maintenance

2,693,020

2,433,446

Thermal oxidisers

17,877

45,349

16,673,406

10,671,545

An analysis of turnover by geographical market is given below:

2025

2024

£

£

United Kingdom

10,111,866

7,004,534

Europe

978,304

1,668,557

Middle East

3,304,552

1,789,130

Rest of the World

2,278,684

209,324

16,673,406

10,671,545

The analysis of the geographical split of the 2023/24 revenue has been restated to correct the analysis.

An analysis of turnover by category of revenue is given below:

2025

2024

£

£

Rendering of services

16,673,406

10,671,545

Rendering of services includes £13,962,509 (2024: £8,192,751) relating to turnover from construction contracts.

4.	Employees and directors

2025

2024

£

£

Wages and salaries

5,138,549

3,717,874

Social security costs

534,973

445,753

Other pension costs

313,631

287,805

5,987,153

4,451,432

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

2025

2024

Technical Staff

86

69

Sales and Administrative Staff

18

16

104

85

2025

2024

£

£

Directors' remuneration

732,658

667,638

Directors' pension contributions to money purchase schemes

36,954

37,410

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

Money purchase schemes

5

7

Information regarding the highest paid director is as follows:

2025

2024

£

£

Emoluments etc

142,890

120,271

Pension contributions to money purchase schemes

10,418

9,403

During the year, the company made payments of £69,053 (2024: £84,160) to a third party for services of a director.

5.	Operating profit

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

2025

2024

£

£

Other operating leases

260,861

207,502

Depreciation - owned assets

102,478

58,173

Profit on disposal of fixed assets

(2,174

)

(6,167

)

Auditors' remuneration

15,200

16,000

Foreign exchange differences

7,164

9,656

6.

Interest payable and similar expenses

2025

2024

£

£

Bank interest

-

27

7.

Taxation

Analysis of the tax charge/(credit)

The tax charge/(credit) on the profit for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

3,539

-

Over provision in prior year

-

(41,639

)

Total current tax

3,539

(41,639

)

Deferred tax

6,506

1,489

Tax on profit

10,045

(40,150

)

UK corporation tax has been charged at 25% (2024 - 24.49%).

Reconciliation of total tax charge/(credit) included in profit and loss

The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2025

2024

£

£

Profit before tax

934,026

863,065

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 24.490%)

233,507

211,365

Effects of:

Expenses not deductible for tax purposes

110

-

Income not taxable for tax purposes

(575

)

-

Utilisation of tax losses

(245,219

)

(203,757

)

Adjustments to tax charge in respect of previous periods

-

(41,639

)

Tax at different rates

(507

)

(6,119

)

Adjustments to deferred tax in respect of previous periods

22,729

-

Total tax charge/(credit)

10,045

(40,150

)

From 1 April 2023, the corporation tax rate increased from 19% to 25%.

8.	Tangible fixed assets

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Equipment

Totals

£

£

£

£

£

COST

At 1st March 2024

148,678

68,933

67,834

484,223

769,668

Additions

108,202

7,950

-

22,369

138,521

Disposals

-

-

(20,195

)

-

(20,195

)

At 28th February 2025

256,880

76,883

47,639

506,592

887,994

DEPRECIATION

At 1st March 2024

127,878

60,531

53,684

367,827

609,920

Charge for year

52,822

6,821

8,499

34,336

102,478

Eliminated on disposal

-

-

(20,195

)

-

(20,195

)

At 28th February 2025

180,700

67,352

41,988

402,163

692,203

NET BOOK VALUE

At 28th February 2025

76,180

9,531

5,651

104,429

195,791

At 29th February 2024

20,800

8,402

14,150

116,396

159,748

9.	Fixed asset investments

Shares in

group

undertakings

£

COST

At 1st March 2024

and 28th February 2025

74,114

NET BOOK VALUE

At 28th February 2025

74,114

At 29th February 2024

74,114

The company's investments at the Balance Sheet date in the share capital of companies include the following:

APC Process Engineering Limited

Registered office: Bridge House Environmental Centre, Bridge House Lane, Five Oaks Road, Slinfold, West Sussex RH13 0QW

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

ERG (Plastic Fabrication) Limited

Registered office: Bridge House Environmental Centre, Bridge House Lane, Five Oaks Road, Slinfold, West Sussex RH13 0QW

Nature of business: Supply of plastic fabrications

%

Class of shares:

holding

Ordinary

100.00

ERG Air Pollution Control Saudi Ltd

Registered office: RHYB6944, 6944 King Abdul Aziz, Al Masiaf Dist, Riyadh, KSA 12467-2503

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

ERG Air Pollution Control Saudi Ltd was incorporated on 3 October 2024. It did not begin trading during the period.

ERG Air Pollution Equipment FZCO

Registered office: DSO-Operation Centre-1-B-105, OPC-B, Dubai Silicon Oasis, Dubai, UAE

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

ERG Air Pollution Equipment FZCO was incorporated on 5 November 2024. It did not begin trading during the period.

10.

Stocks

2025

2024

£

£

Raw materials

138,069

143,229

11.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

4,541,186

1,773,432

Amounts owed by group undertakings

3,609,293

2,499,802

Amounts recoverable on

contracts

1,854,603

1,023,873

Other debtors

48,132

5,036

Tax

-

8,556

VAT

-

69,118

Prepayments and accrued income

65,902

97,631

10,119,116

5,477,448

12.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts (see note 13)

2,407,200

919,941

Payments on account

5,541,266

2,449,405

Trade creditors

2,020,881

1,056,943

Amounts owed to group undertakings

293,747

112,028

Tax

3,539

-

Social security and other taxes

131,538

110,871

VAT

354,681

-

Other creditors

33,726

67,057

Accruals and deferred income

506,750

368,646

11,293,328

5,084,891