REGISTERED NUMBER: 02868176 (England and Wales)

CONSUMABLES SOLUTIONS LIMITED

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Income Statement

9

Other Comprehensive Income

10

Balance Sheet

11

Statement of Changes in Equity

12

Notes to the Financial Statements

13

DIRECTORS:

J M Hall

T M Hall

J A A Hall

SECRETARY:

J A A Hall

REGISTERED OFFICE:

Unit 4 Ignition

Faraday Road

Dorcan

Swindon

Wiltshire

SN3 5HS

REGISTERED NUMBER:

02868176 (England and Wales)

AUDITORS:

Hopper Williams & Bell Limited

Statutory Auditor

Highland House

Mayflower Close

Chandler's Ford

Eastleigh

Hampshire

SO53 4AR

The directors present their strategic report for the year ended 31 July 2025.

REVIEW OF BUSINESS

The company's overall activity for the year ended 31 July 2025 resulted in an increase of 3.5% in turnover, and the highest turnover in the company's history. Following a successful 2023/24 financial year, the company has maintained its trajectory with additional growth on top, particularly in the hygiene and janitorial product category. Direct costs followed a similar trend to the previous financial year through close monitoring and negotiations despite significant pressures surrounding supply chains. Overheads were largely impacted by inflation, increases to National Insurance, and by outside geopolitical factors impacting tariffs and confidence within the UK and on a global scale.

The company has continued to invest in their technology offering in order to maintain its position at the forefront of the industry, ensuring that it continues to provide exceptional added value solutions, services and products to their customers.

The company has managed to keep close control over direct costs and supply chain pressures through strict monitoring of stock levels and maintaining just-in-time demand planning software. Despite significant pressures with inflation, fuel surcharges, and extended delivery lead times due to pressures at the ports, the company has maintained strong relationships with both customers and suppliers.

The company's net assets at 31 July 2025 were £2,381,172 (2024: £1,994,828).

FUTURE DEVELOPMENTS

The company will continue to concentrate on providing exceptional customer service whilst organically growing existing sectors in the UK and looking to develop in new markets in Europe and beyond. Continued focus and investment in technology-based solutions to drive efficiencies and deliver value back to both its customers and suppliers remains the company's key focus.

PRINCIPAL RISKS AND UNCERTAINTIES

Geopolitical developments; there is an increasing risk of future global destabilisation which impacts on international business activities such as imports, exports, international trade restrictions, sanctions and supply chain delays.

Significant market shifts; changing customer demand, competitor activities, supplier availability and other stakeholder requirements are continually changing, there is a risk of unforeseen shifts which are outside the company's expectations.

Financial risks; ongoing interest rate fluctuations, inflation and general financial instability in the market leads to

increasing costs of debt.

RESEARCH & DEVELOPMENT

During the year the company continued to invest in developing software that enhances efficiencies and allows for the improved monitoring and measurement of procurement using the company's bespoke technology.

KEY PERFORMANCE INDICATORS

Performance during the year, together with historical trend data is set out in the table below:

2025

2024

Definition, method of calculation

Turnover (£)

14,043,410

13,565,758

Taken directly from the income statement.

Gross Margin (%)

31.91%

33.49%

Gross margin is the ratio of gross profit before exceptional items expressed as a percentage.

EBITDA (£)

1,704,864

1,786,254

Earnings before interest, tax, depreciation, amortisation and exceptional items.

ON BEHALF OF THE BOARD:

J M Hall - Director

13 November 2025

The directors present their report with the financial statements of the company for the year ended 31 July 2025.

DIVIDENDS

Interim dividends were paid monthly in respect of the company's Ordinary £1 shares.

The total distribution of dividends for the year ended 31 July 2025 was £343,902 (2024: £263,370).

DIRECTORS

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

J M Hall

T M Hall

Other changes in directors holding office are as follows:

J A A Hall was appointed as a director after 31 July 2025 but prior to the date of this report.

R D Hall and M J Hall ceased to be directors after 31 July 2025 but prior to the date of this 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:

J M Hall - Director

13 November 2025

Opinion

We have audited the financial statements of Consumables Solutions Limited (the 'company') for the year ended 31 July 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 July 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 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.

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. Due to the inherent limitations of an audit, there is a risk that we will not detect all irregularities even though the audit has been properly planned and performed in accordance with the ISAs (UK). 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 frameworks that are applicable to the company, and the industry in which it operates. These include but are not limited to compliance with the Companies Act 2006, UK Generally Accepted Accounting Practice and the relevant tax compliance regulations for the company.

- We obtained an understanding of how the company is complying with these frameworks through discussions with management.

- We enquired with management whether there were any instances of non-compliance with laws and regulations or whether they had knowledge of actual or suspected fraud. These enquiries are corroborated through follow-up audit procedures including but not limited to a review of legal and professional costs and correspondence.

- We assessed the susceptibility of the company's financial statements to material misstatement, including the risk of fraud and management override of controls. We designed our audit procedures to respond to this assessment, including the identification and testing of any related party transactions and the testing of journal transactions that arise from management estimates, that are determined to be of significant value or unusual in their nature.

- We assessed the appropriateness of the collective competence and capabilities of the engagement team, including consideration of the engagement team's knowledge and understanding of the industry in which the company operates in, and their practical experience through training and participation with audit engagements of a similar nature.

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.

James Flood FCA (Senior Statutory Auditor)

for and on behalf of Hopper Williams & Bell Limited

Statutory Auditor

Highland House

Mayflower Close

Chandler's Ford

Eastleigh

Hampshire

SO53 4AR

16 November 2025

TURNOVER

14,043,410

13,565,758

Cost of sales

(9,562,157

)

(9,021,801

)

GROSS PROFIT

4,481,253

4,543,957

Administrative expenses

(3,222,602

)

(3,022,898

)

1,258,651

1,521,059

Other operating income

15,614

1,452

OPERATING PROFIT

4

1,274,265

1,522,511

Interest receivable and similar income

21,800

13,254

1,296,065

1,535,765

Interest payable and similar expenses

6

(194,757

)

(230,824

)

PROFIT BEFORE TAXATION

1,101,308

1,304,941

Tax on profit

7

(371,062

)

(367,757

)

PROFIT FOR THE FINANCIAL YEAR

730,246

937,184

PROFIT FOR THE YEAR

730,246

937,184

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

730,246

937,184

FIXED ASSETS

Intangible assets

9

792,883

990,855

Tangible assets

10

254,339

302,136

1,047,222

1,292,991

CURRENT ASSETS

Stocks

11

804,101

1,069,871

Debtors

12

4,299,573

4,390,517

Cash at bank and in hand

1,058,284

365,043

6,161,958

5,825,431

CREDITORS

Amounts falling due within one year

13

(4,775,365

)

(5,062,475

)

NET CURRENT ASSETS

1,386,593

762,956

TOTAL ASSETS LESS CURRENT LIABILITIES

2,433,815

2,055,947

PROVISIONS FOR LIABILITIES

17

(52,643

)

(61,119

)

NET ASSETS

2,381,172

1,994,828

CAPITAL AND RESERVES

Called up share capital

18

10,000

10,000

Non- distributable reserves

104,999

104,999

Retained earnings

2,266,173

1,879,829

SHAREHOLDERS' FUNDS

2,381,172

1,994,828

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2025 and were signed on its behalf by:

J M Hall - Director

Called up

Non-

share

Retained

distributable

Total

capital

earnings

reserves

equity

£

£

£

£

Balance at 1 August 2023

10,000

1,206,015

104,999

1,321,014

Changes in equity

Dividends

-

(263,370

)

-

(263,370

)

Total comprehensive income

-

937,184

-

937,184

Balance at 31 July 2024

10,000

1,879,829

104,999

1,994,828

Changes in equity

Dividends

-

(343,902

)

-

(343,902

)

Total comprehensive income

-

730,246

-

730,246

Balance at 31 July 2025

10,000

2,266,173

104,999

2,381,172

1.	STATUTORY INFORMATION

Consumables Solutions 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with FRS102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Financial Reporting Standard 102 - reduced disclosure exemptions

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

•

the requirements of Section 7 Statement of Cash Flows.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when the goods are despatched to the customer and the amount of revenue can be measured reliably.

Goodwill

Goodwill, being the amounts paid in connection with the acquisition of businesses in previous years, is being amortised over their estimated useful economic lives of ten years.

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer's interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets - domain names

Domain names are carried at their fair value less any accumulated amortisation and impairment losses. Revaluations are completed on a periodic basis to ensure the fair value used is accurate. Any uplift in valuation is held within non-distributable reserves.

Intangible assets - other intangible assets

Other intangible assets are initially measured at cost. After initial recognition the assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Other intangible assets are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Long leasehold

-

Over the length of the lease

Plant and machinery

-

Straight line over 5 years

Fixtures and fittings

-

15% Straight line, Straight line over 4 years and Straight line over 3 years

Motor vehicles

-

Straight line over 3 years

Computer equipment and software

-

3-10 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less cost to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each reporting date, stocks are assessed for impairment and to see whether a stock provision is required. If stock is impaired, the carrying amount is reduced to its selling pice less costs to complete and sell. The impairment loss is recognised immediately in profit or loss. Stock is provided for where there has been no movements in the calendar year, at a percentage agreed upon by the directors.

Taxation

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

Current or deferred taxation assets and liabilities are not discounted.

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

Deferred tax

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

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

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

Research and development

Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate future economic benefits and that its cost can be reliably measured. The capitalised developments costs are subsequently amortised on a straight line basis over their useful economic lives of 10 years.

If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

Due to the company now moving away from R&D activities, any costs incurred are now being expensed rather than capitalised as intangible assets.

Foreign currencies

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

Operating leases: the company as lessee

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

Benefits received and receivables as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

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.

Financial instruments

The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities

Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

1,108,511

1,238,185

Social security costs

110,460

115,873

Other pension costs

25,681

24,917

1,244,652

1,378,975

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

2025

2024

Directors

4

5

One-Team

14

15

Customer services

5

6

Supply chain

2

2

Warehouse

13

14

Administration

4

4

42

46

2025

2024

£

£

Directors' remuneration

60,604

119,071

4.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

£

Hire of plant and machinery

18,837

29,322

Depreciation - owned assets

51,694

62,303

Loss on disposal of fixed assets

7,274

1,087

Goodwill amortisation

135,327

135,327

Other intangible assets amortisation

62,645

66,113

Auditors' remuneration

12,780

12,175

Warehouse rentals under lease

169,075

167,530

5.	EXCEPTIONAL ITEMS

During the prior year the company incurred non-recurring professional fees of £12,500 in respect of a potential acquisition that was not pursued.

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Bank loan interest

4,283

40,348

Interest on factored debts

190,474

190,476

194,757

230,824

7.

TAXATION

Analysis of the tax charge

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

2025

2024

£

£

Current tax:

UK corporation tax

379,538

373,292

Deferred tax

(8,476

)

(5,535

)

Tax on profit

371,062

367,757

UK corporation tax has been charged at an effective rate of 25%.

8.

DIVIDENDS

2025

2024

£

£

Ordinary shares of 1 each

Interim

343,902

263,370

9.	INTANGIBLE FIXED ASSETS

Other

Domain

intangible

Goodwill

names

assets

Totals

£

£

£

£

COST OR VALUATION

At 1 August 2024

and 31 July 2025

2,108,179

105,000

802,919

3,016,098

AMORTISATION

At 1 August 2024

1,583,544

-

441,699

2,025,243

Amortisation for year

135,327

-

62,645

197,972

At 31 July 2025

1,718,871

-

504,344

2,223,215

NET BOOK VALUE

At 31 July 2025

389,308

105,000

298,575

792,883

At 31 July 2024

524,635

105,000

361,220

990,855

Cost or valuation at 31 July 2025 is represented by:

Other

Domain

intangible

Goodwill

names

assets

Totals

£

£

£

£

Valuation in 2022

-

104,999

-

104,999

Cost

2,108,179

1

802,919

2,911,099

2,108,179

105,000

802,919

3,016,098

10.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 August 2024

126,630

199,057

50,690

Additions

-

14,820

3,120

Disposals

-

-

-

At 31 July 2025

126,630

213,877

53,810

DEPRECIATION

At 1 August 2024

29,030

101,450

32,748

Charge for year

9,024

21,240

6,504

Eliminated on disposal

-

-

-

At 31 July 2025

38,054

122,690

39,252

NET BOOK VALUE

At 31 July 2025

88,576

91,187

14,558

At 31 July 2024

97,600

97,607

17,942

Computer

equipment

Motor

and

vehicles

software

Totals

£

£

£

COST

At 1 August 2024

6,965

364,974

748,316

Additions

652

-

18,592

Disposals

(5,355

)

(12,181

)

(17,536

)

At 31 July 2025

2,262

352,793

749,372

DEPRECIATION

At 1 August 2024

3,098

279,854

446,180

Charge for year

58

14,868

51,694

Eliminated on disposal

(1,488

)

(1,353

)

(2,841

)

At 31 July 2025

1,668

293,369

495,033

NET BOOK VALUE

At 31 July 2025

594

59,424

254,339

At 31 July 2024

3,867

85,120

302,136

11.

STOCKS

2025

2024

£

£

Stocks

804,101

1,069,871