REGISTERED NUMBER: 03444420 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 31 March 2025

for

Intelect (UK) Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Statement of Comprehensive Income

7

Balance Sheet

8

Statement of Changes in Equity

9

Cash Flow Statement

10

Notes to the Cash Flow Statement

11

Notes to the Financial Statements

12

DIRECTORS:

F P Cormican

A G Shaw

SECRETARY:

B G Robinson

REGISTERED OFFICE:

Stephenson House

Intelect Court

Riverside Park

Middlesbrough

TS2 1QT

REGISTERED NUMBER:

03444420 (England and Wales)

SENIOR STATUTORY AUDITOR:

Helen Wilson FCA

AUDITORS:

Anderson Barrowcliff Limited

Statutory Auditors

Chartered Accountants

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

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

REVIEW OF BUSINESS

The company is a specialist in electrical installations, instrumentation services, control panel design and build, pipework, plant installation and the relocation and the fabrication of mechanical systems.

The company works in the food and drink industry, water treatment, metal processing, petrochemical, manufacturing and general process.

The financial position of the company at the year end is considered to be satisfactory. The company has made pre tax profit in the year of £3,257,509 (2024: £1,528,080) and has net assets of £6,476,308 (2024: £4,693,906).

PRINCIPAL RISKS AND UNCERTAINTIES

Although the company is dependant on the food and allied industries and would be affected by the loss of a major customer or supplier, the directors believe they have taken adequate steps to mitigate these risks.

The principal risks and uncertainties facing the company and how they may affect its performance, position or future prospects are set out below:

HEALTH, SAFETY & ENVIRONMENTAL

The Company is subject to health & safety and environmental risks, implicit in the work undertaken. The board and business unit leads promote a strong health and safety culture underpinned by procedures that are continually assessed to ensure best practice. Ongoing health & safety training is provided to employees and maintained.

FINANCIAL RISK MANAGEMENT

In common with other businesses, the company aims to minimize financial risk wherever possible. The measures used includes regular monitoring of actual performance against management account estimates and ensuring adequate sources of finance are in place to meet the requirement of the business.

The company's principal financial instruments comprise bank balances, trade and subcontract creditors and trade debtors to raise funds for, and finance, the company's operations.

CREDIT RISK

Amounts receivable relate largely to applications on contracts across our stable customer base. The company has policies concerning credit offered to customers and regularly monitor amounts outstanding for both time and credit limit.

LIQUIDITY RISK

Through negotiation with clients and suppliers we aim to manage our working capital and cash availability within certain limits.

KEY PERFORMANCE INDICATORS

Key performance indicators are used to support customer service and measure trends in incoming orders and delivery performance.

ON BEHALF OF THE BOARD:

A G Shaw - Director

17 November 2025

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of electrical contractors.

DIVIDENDS

Interim dividends of £419,318 were paid on the Ordinary 'B' £1 shares during the year and £37,596 were paid on the Ordinary 'A' shares.

DIRECTORS

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

F P Cormican

A G Shaw

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:

A G Shaw - Director

17 November 2025

Opinion

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

In our opinion the financial statements:

-	give a true and fair view of the state of the 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; 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 three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the 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. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

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

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

Auditors' responsibilities for the audit of the financial statements (continued)

Audit procedures performed by the engagement team included:

-

Enquiry of management, those charged with governance and the entity's solicitors around actual and potential litigation and claims.

-

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

-

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

-

Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business.

-

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

-

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

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

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Helen Wilson FCA (Senior Statutory Auditor)

for and on behalf of Anderson Barrowcliff Limited

Statutory Auditors

Chartered Accountants

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

18 November 2025

TURNOVER

29,118,689

18,848,686

Cost of sales

23,431,358

15,161,515

GROSS PROFIT

5,687,331

3,687,171

Administrative expenses

2,441,729

2,139,324

3,245,602

1,547,847

Other operating income

1,662

13,043

OPERATING PROFIT

3

3,247,264

1,560,890

Interest receivable and similar income

76,043

66,731

3,323,307

1,627,621

Interest payable and similar expenses

4

65,798

99,541

PROFIT BEFORE TAXATION

3,257,509

1,528,080

Tax on profit

5

1,018,193

184,955

PROFIT FOR THE FINANCIAL YEAR

2,239,316

1,343,125

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

2,239,316

1,343,125

FIXED ASSETS

Tangible assets

7

2,385,504

1,805,293

CURRENT ASSETS

Stocks

8

6,735

6,735

Debtors

9

9,231,018

5,325,823

Cash at bank and in hand

3,260,298

2,042,506

12,498,051

7,375,064

CREDITORS

Amounts falling due within one year

10

8,137,143

3,925,112

NET CURRENT ASSETS

4,360,908

3,449,952

TOTAL ASSETS LESS CURRENT LIABILITIES

6,746,412

5,255,245

CREDITORS

Amounts falling due after more than one year

11

-

(341,173

)

PROVISIONS FOR LIABILITIES

16

(192,000

)

(140,400

)

ACCRUALS AND DEFERRED INCOME

17

(78,104

)

(79,766

)

NET ASSETS

6,476,308

4,693,906

CAPITAL AND RESERVES

Called up share capital

18

577

577

Capital redemption reserve

19

523

523

Retained earnings

19

6,475,208

4,692,806

SHAREHOLDERS' FUNDS

6,476,308

4,693,906

The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2025 and were signed on its behalf by:

A G Shaw - Director

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 April 2023

577

3,696,595

523

3,697,695

Changes in equity

Dividends

-

(346,914

)

-

(346,914

)

Total comprehensive income

-

1,343,125

-

1,343,125

Balance at 31 March 2024

577

4,692,806

523

4,693,906

Changes in equity

Dividends

-

(456,914

)

-

(456,914

)

Total comprehensive income

-

2,239,316

-

2,239,316

Balance at 31 March 2025

577

6,475,208

523

6,476,308

Cash flows from operating activities

Cash generated from operations

1

3,853,870

2,113,937

Interest paid

(65,798

)

(99,541

)

Tax paid

(655,435

)

(90,208

)

Net cash from operating activities

3,132,637

1,924,188

Cash flows from investing activities

Purchase of tangible fixed assets

(856,400

)

(235,867

)

Sale of tangible fixed assets

35,497

24,517

Interest received

76,043

66,731

Net cash from investing activities

(744,860

)

(144,619

)

Cash flows from financing activities

Loan repayments in year

(631,169

)

(531,272

)

Amount introduced by directors

480,843

377,814

Amount withdrawn by directors

(562,745

)

(352,917

)

Equity dividends paid

(456,914

)

(346,914

)

Net cash from financing activities

(1,169,985

)

(853,289

)

Increase in cash and cash equivalents

1,217,792

926,280

Cash and cash equivalents at beginning of year

2

2,042,506

1,116,226

Cash and cash equivalents at end of year

2

3,260,298

2,042,506

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

2025

2024

£

£

Profit before taxation

3,257,509

1,528,080

Depreciation charges

220,743

199,302

Loss/(profit) on disposal of fixed assets

19,949

(5,466

)

Government grants

(1,662

)

(1,662

)

Finance costs

65,798

99,541

Finance income

(76,043

)

(66,731

)

3,486,294

1,753,064

(Increase)/decrease in trade and other debtors

(3,825,972

)

1,118,466

Increase/(decrease) in trade and other creditors

4,193,548

(757,593

)

Cash generated from operations

3,853,870

2,113,937

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2025

31.3.25

1.4.24

£

£

Cash and cash equivalents

3,260,298

2,042,506

Year ended 31 March 2024

31.3.24

1.4.23

£

£

Cash and cash equivalents

2,042,506

1,116,226

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.24

Cash flow

At 31.3.25

£

£

£

Net cash

Cash at bank and in hand

2,042,506

1,217,792

3,260,298

2,042,506

1,217,792

3,260,298

Debt

Debts falling due within 1 year

(289,996

)

289,996

-

Debts falling due after 1 year

(341,173

)

341,173

-

(631,169

)

631,169

-

Total

1,411,337

1,848,961

3,260,298

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

Intelect (UK) Limited is a private limited company limited by shares incorporated in England, United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements. The nature of the company's operations and principal activities are set out in the Strategic report on page 2.

The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and the Republic of Ireland" (FRS102) and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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

Significant judgements and estimates

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

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

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:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to actual costs compared to expected total costs.

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

When it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised as an expense immediately.

Tangible fixed assets

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

Freehold property

-

2% on cost and not provided

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Grants

Capital based grants are included in the balance sheet as a deferred credit and released to the profit and loss in equal instalments over the estimated useful lives of the related assets. Amounts not yet released to the profit and loss are included in the balance sheet as deferred income. Revenue based grants are credited to the profit and loss when receivable.

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attached to them. The grants were received using the accrual model.

Amounts recoverable on contracts

Amounts recoverable on contracts are stated at cost plus attributable profit to the extent that such profit is reasonably certain and after making provision for any foreseeable losses in completing the contracts, less payments on account received.

Debtors and creditors receivable / payable within one year

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

Loans and borrowings

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

Impairment

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

2.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

5,409,693

4,891,873

Social security costs

499,793

452,490

Other pension costs

263,808

158,413

6,173,294

5,502,776

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

2025

2024

Directors

2

2

Operational

104

104

Administrative

14

11

120

117

In addition to the disclosure above there is a further £280,661 wages costs (2024 - £179,957) included within administrative expenses in the profit and loss account.

2025

2024

£

£

Directors' remuneration

44,765

44,297

Directors' pension contributions to money purchase schemes

76,992

31,992

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

Money purchase schemes

2

2

3.	OPERATING PROFIT

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

2025

2024

£

£

Depreciation - owned assets

220,743

199,345

Loss/(profit) on disposal of fixed assets

19,949

(5,466

)

Auditors remuneration

13,000

14,750

4.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Bank interest

40,303

99,541

Corporation tax interest

25,495

-

65,798

99,541

5.

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

966,663

381,000

Overprovision in previous year

(70

)

(206,245

)

Total current tax

966,593

174,755

Deferred tax

51,600

10,200

Tax on profit

1,018,193

184,955

UK corporation tax has been charged at 25% .

Reconciliation of total tax charge included in profit and loss

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

2025

2024

£

£

Profit before tax

3,257,509

1,528,080

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

814,377

382,020

Effects of:

Expenses not deductible for tax purposes

6,249

602

Depreciation in excess of capital allowances

4,248

6,200

Adjustments to tax charge in respect of previous periods

206,594

(206,245

)

Other reconciling items

(13,275

)

2,378

Total tax charge

1,018,193

184,955

6.

DIVIDENDS

2025

2024

£

£

Ordinary shares of £1 each

Interim

37,596

37,596

Ordinary B shares of £1 each

Interim

419,318

309,318

456,914

346,914

Up to the date of signature post year end dividends authorised amounted to £37,596 for Ordinary A shares and £49,830 for Ordinary B shares.

7.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2024

1,234,406

370,230

62,321

1,100,091

2,767,048

Additions

240,354

107,670

-

508,376

856,400

Disposals

-

-

-

(222,960

)

(222,960

)

At 31 March 2025

1,474,760

477,900

62,321

1,385,507

3,400,488

DEPRECIATION

At 1 April 2024

31,570

259,319

54,621

616,245

961,755

Charge for year

16,072

35,329

1,925

167,417

220,743

Eliminated on disposal

-

-

-

(167,514

)

(167,514

)

At 31 March 2025

47,642

294,648

56,546

616,148

1,014,984

NET BOOK VALUE

At 31 March 2025

1,427,118

183,252

5,775

769,359

2,385,504

At 31 March 2024

1,202,836

110,911

7,700

483,846

1,805,293

Included in cost of land and buildings is freehold land of £ 462,577 (2024 - £ 426,176 ) which is not depreciated.

8.

STOCKS

2025

2024

£

£

Stocks - raw materials and

consumables

6,735

6,735

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

4,749,400

2,750,672

Amounts recoverable on contract

3,418,735

2,154,166

Other debtors

900,561

355,169

Directors' current accounts

123,285

44,062

S455 tax recoverable

21,541

21,541

Prepayments

17,496

213

9,231,018

5,325,823

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 12)

-

289,996

Trade creditors

2,780,893

1,178,016

Taxation

692,158

381,000

Social security and other taxes

207,946

170,957

VAT

1,667,553

904,120

Directors' current accounts

-

2,679

Accruals and deferred income

2,788,593

998,344

8,137,143

3,925,112