REGISTERED NUMBER: 10565277 (England and Wales)

EFFECTIVE SECURITY HOLDINGS LIMITED

GROUP STRATEGIC REPORT, REPORT OF THE DIRECTOR AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2025

Page

Company Information

1

Group Strategic Report

2

to

5

Report of the Director

6

to

7

Report of the Independent Auditors

8

to

11

Consolidated Income Statement

12

Consolidated Other Comprehensive Income

13

Consolidated Balance Sheet

14

Company Balance Sheet

15

Consolidated Statement of Changes in Equity

16

Company Statement of Changes in Equity

17

Consolidated Cash Flow Statement

18

Notes to the Consolidated Cash Flow Statement

19

Notes to the Consolidated Financial Statements

20

to

34

DIRECTOR:

D J Fullerton

REGISTERED OFFICE:

Mayflower House 14 Pontefract Road

Stourton

Leeds

West Yorkshire

LS10 1TB

REGISTERED NUMBER:

10565277 (England and Wales)

AUDITORS:

Thomas Coombs Limited

Statutory Auditor

Chartered Accountants

3365 The Pentagon

Century Way

Thorpe Park

Leeds

West Yorkshire

LS15 8ZB

The director presents his strategic report for the year ended 28th February 2025.

REVIEW OF BUSINESS

The group changed its reporting period in the prior period, so the prior period results are for a 6 month period.

Several key performance indicators are used as measures to ensure the group grows and remains financially strong to enable it to invest in the future.

12 months

6 months

18 months

01/03/2024 - 28/02/2025

01/09/2023 - 28/02/2024

01/03/2022 - 31/08/2023

£

£

£

Turnover

50,948,535

24,060,311

63,415,243

Gross profit

12,118,344

5,406,625

12,948,903

Gross profit %

23.8%

22.5%

20.4%

Adjusted EBITDA*

2,330,955

1,061,941

392,960

Shareholder funds

2,359,868

2,546,111

2,236,615

*During the year ended 28th February 2025 and 6 months to 29th February 2024 EBITDA has been impacted by certain exceptional items (as described in note 6. These items have been excluded from the adjusted EBITDA figures.

The hospitality and guarding industry has been under pressure for several years due to the ongoing cost of living crisis, successive National minimum wage increases, general cost inflation, and changing consumer habits. As a result, the business has seen softening demand for security from venues / sites and reduced security specifications. Nevertheless, the Effective Security Holding's underlying revenue has proved relatively resilient, with a c6% increase in Group annualised revenues from prior year to current. Despite the headwinds in the industry and wider economy, the company has seen strong levels of trading and a strong new business pipeline across both the hospitality and guarding lines of service.

The year-on-year gross margin improvement is because of favourable customer mix changes and ongoing cost efficiencies and diligence. The business is well placed to capitalize on the investment made in corporate processes and governance over the last 12 months.

PRINCIPAL RISKS AND UNCERTAINTIES

The Director continually assesses the key risks that could impact on the successful execution of the group's strategy. The key business risks affecting the group are:

People

Our employees and workers are central to our operations, and the company is reliant on its ability to recruit, develop and retain them. The company is committed to training and supporting employees and workers to reach their full potential and encourages involvement throughout the business to ensure that the workforce remain motivated and committed.

The group is also committed to treating all employees fairly and to prohibit discrimination on the grounds of race, gender, religion, sexual orientation or ethnic origin.

Financial risks

The group's objective when managing capital is to safeguard the group's ability to continue as a going concern to provide returns for shareholders and benefits for other stakeholders. In order to maintain or adjust the capital structure, the group may adjust the amount of dividend.

Like most other UK corporates, the company has been, and continues to be, sensitive to increases in the costs of employment including recent increases in employers' NIC and successive significant increases in national minimum wage. The business has mitigated such increases to some degree with necessary but unfortunate price increases across our customer base.

The group monitors credit risks closely and considers that its current policy of credit checks meets its objectives of managing such exposure.

The physical nature of the security industry means that claims for injury or damages in relation to staff, workers, and the public are not unusual. In recognition of this financial risk the company retains professional legal advice and underwrites the risk through appropriate insurance policies.

General

Other than factors outside the group's control, the directors are not aware of any significant risk, which may adversely impact on the group during the forthcoming financial year.

SECTION 172(1) STATEMENT

Section 172 (1) of the Companies Act 2006 requires the directors of a company to act in the way they each consider, in good faith, would be most likely to promote the success of the company for the benefit of its members, and in doing so have regard to matters including:

(a) The likely consequences of any decision in the long term.

(b) The interests of the company's and group's employees.

(c) The need to foster the company's and group's business relationships with suppliers, customers and others.

(d) The impact of the company's and group's operations on the community and the environment.

(e) The desirability of the company and group to maintain a reputation for high standards of business conduct; and

(f) The need to act fairly between the members of the company and group.

With respect to this the Board meets regularly to discuss the ongoing strategic direction of the company and group with specific focus on:

a) Long term consequences

We continue to review our strategy to continue to develop our organisation as a leading security provider. Within the strategy, we align any development and training programmes to support the implementation. As we grow our business, the risk landscape becomes more complex. It is therefore vital that we effectively identify, evaluate, manage and mitigate risk. Being a leading ACS pacesetter, we continually look to improve our service delivery to all our stakeholders.

b) The interest of employees and workers

The working environment is important to the director both from a health and safety perspective but also in putting equality, diversity, inclusion and wellbeing at the heart of its operations. The group has dedicated members of staff to ensure that all employees remain physically and emotionally safe and well and that the diversity of the workforce accurately reflects the community that the group serves. Policies are in place and significant training is undertaken to ensure that the group has a fair and robust recruitment process and that a culture of equality and diversity is maintained. There is an ongoing review process to ensure that the gender pay gap is addressed and that equal pay is applied fairly and consistently.

The way in which we interact with our workforce is constantly under review, in the interests of efficient and effective communication. Aside from a drumbeat of regular updates via email, one invaluable communication channel to highlight is the quarterly 'all-hands' business update Teams call.

c) The interest of other stakeholders

Customers: we view our customers as partners; we have policies in place to meet regularly and take on feedback and look to build on these strong relationships we have.

Suppliers: we also view our suppliers as partners and ensure they not only deliver competitive value to the business but also share our core values.

d) The community

The company's approach is to create positive change for the people working for us and the community with which we interact.

Martins House Children's Hospice and Macmillan Cancer Support are nominated to be our company charity partner by several members of our team and has now been our charity partner for several years.

e) High standards

The company is committed to paying the right amount of tax on a timely basis in accordance with tax laws.

The business leadership team is proud of having achieved the commendable score of 140 for the respected industry ACS accreditation in July 2025, putting us firmly in the top 1% of industry security companies nationwide. We also passed our ISO9001, ISO14001, ISO45001 with no non-compliances, as well as passing both product certification and COP119 accreditations all which represent a fantastic, industry leading performance.

f) Act fairly between members

The board is committed to openly engaging with our staff, with effective dialogue. These communications take place regularly at various levels and are always presented in an appropriate and accessible form.

KEY PERFORMANCE INDICATORS

Revenue

Turnover increased by 6% or c£2.8M on a like for like annual basis. Turnover in the year to February 2025 included c£1.0M of revenue related to servicing elevated demand for the Euro 2024 football tournament. The balance of the net revenue growth of £1.8M can be accredited to diligent growth in our organic hospitality door security and premises' guarding books of business, despite continuing shrinkage in the overall size of the UK hospitality industry.

Margin

Gross margin was 23.8% in the period compared to 22.5% in the prior year. The improvement in gross profit and EBITDA on prior year due to efficiencies of scale and close micro-management of operating margins, and continuing reviews of corporate operations.

Cash management

The company manages it resources to ensure it can continue as a going concern whilst controlling costs and liquidity risk. The company benefits from invoice discounting facility which helps manage the working capital requirements in line with industry working capital cycles. The company maintains a rolling 18-month cashflow forecast to ensure continuing adequacy of funding.

Other key performance indicators

In addition to the group's financial KPI's, we focus on the strategy of safeguarding both the public, our staff, as well as quality in the delivery.

Public

Being public facing operations, the group is committed to employing the best people to ensure we operate at the highest levels. Our staff are trained, provided with safety equipment and any issues of safety are monitored and treated with immediate effect. Safeguarding the public is one of our primary concerns.

Safety

Our employees and workers are central to our operations and the group is reliant on its ability to recruit, develop and retain staff. The group is committed to finding the best talent and new recruits go through a full vetting process, with ongoing training and support to ensure employees and staff reach their full potential. The group encourages employee and worker involvement throughout the business to ensure that the workforce remain motivated and committed to the group values.

Quality

Our aim is to become the number one choice in security sector in terms of both quality and service to our customers. We monitor feedback and complaints closely and look to improve our quality by implementing improvements on an ongoing basis.

ON BEHALF OF THE BOARD:

D J Fullerton - Director

26th November 2025

The director presents his report with the financial statements of the company and the group for the year ended 28th February 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the period under review was that of the holding company with its subsidiaries mainly engaged in provision of door supervision and guarding security services throughout the UK.

DIVIDENDS

Distribution of dividends for the year 28th February 2025 totalled £630,000. No dividend was declared in the period ending 29th February 2024.

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTOR

D J Fullerton held office during the whole of the period from 1st March 2024 to the date of this report.

FINANCIAL INSTRUMENTS

The group's financial instruments comprise of advance receipts in respect of the ordinary activities of the group, cash and liquid resources and various other items such as trade debtors and trade creditors that also arise directly from its operations.

STREAMLINED ENERGY AND CARBON REPORTING

Total consumption during the year ending 28th February 2025 was 153,990 kWh (6-month period ended 29th February 2024 was 98,412 kWh, 18-month period ended 31st August 2023: 269,193 kWh). The company recognises its responsibility to limit its impact on the environment and reduce its carbon footprint proactively. Our total KgCo2e carbon emissions for the year were 309,612. We engaged an external agency (Neutralcarbonzone Ltd) to support our emissions and energy use calculations.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Group Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to:

-	select suitable accounting policies and then apply them consistently;

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

-	state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

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

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and the group 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 director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and he 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 group's auditors are aware of that information.

AUDITORS

The auditors, Thomas Coombs Limited, were appointed during the year and will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

D J Fullerton - Director

26th November 2025

Opinion

We have audited the financial statements of Effective Security Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 28th February 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated 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 group's and of the parent company affairs as at 28th February 2025 and of the group's 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 group 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 director's 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 group's and the parent 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 director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Director, 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 Group Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Director 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 group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Director.

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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

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

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

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

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page six, the director is 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 director determines 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 director is responsible for assessing the group's and the parent 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 director either intends to liquidate the group or the parent company or to cease operations, or has 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 entity and industries in which it operates, we identified the principal risks of non-compliance with laws and regulations related to security industry authority, employment law and data protection. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006, tax legislation and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

We assessed the susceptibility of the Group's financial statements to material misstatement and how fraud might occur, including through discussions with the directors, discussions within our audit team planning meeting, updating our record of internal controls, and ensuring these controls operated as intended. We determined the principal risks were related to posting journal entries to manipulate profits, and management bias in accounting estimates, especially bad debt provisions and cut off of expenditure.

To address the risk of fraud through management bias and override of controls, we:

- Performed analytical procedures to identify any unusual or unexpected relationships.

- Identified and tested journal entries and identified any significant transactions that were unusual or outside the normal course of business.

- Investigated the rationale behind significant or unusual transactions.

- Challenged assumptions and judgements made by management in determining significant accounting estimates, in particular in relation to bad debt provisions and cut off of expenditure.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed audit procedures which included, but were not limited to:

- Agreeing financial statements disclosures to underlying supporting documentation.

- Discussions with management of known or suspected instances of non-compliance with laws and regulations.

- Reviewing correspondence with HMRC and relevant regulators.

At the completion stage of the audit, the engagement partner's review included ensuring that the team had approached their work with appropriate professional scepticism and thus the capacity to identify non-compliance with laws and regulations and fraud.

There are inherent limitations in the audit procedures described above and the further removed non-compliance of laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement relating to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment.

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.

Jordan Mitchell ACA (Senior Statutory Auditor)

for and on behalf of Thomas Coombs Limited

Statutory Auditor

Chartered Accountants

3365 The Pentagon

Century Way

Thorpe Park

Leeds

West Yorkshire

LS15 8ZB

26th November 2025

TURNOVER

3

50,948,535

24,060,311

Cost of sales

38,830,191

18,653,686

GROSS PROFIT

12,118,344

5,406,625

Administrative expenses

10,855,518

4,880,733

OPERATING PROFIT

5

1,262,826

525,892

Interest receivable and similar income

7

28,265

16,547

1,291,091

542,439

Interest payable and similar expenses

8

200,275

132,223

PROFIT BEFORE TAXATION

1,090,816

410,216

Tax on profit

9

647,059

100,720

PROFIT FOR THE FINANCIAL YEAR

443,757

309,496

Profit attributable to:

Owners of the parent

443,757

309,496

PROFIT FOR THE YEAR

443,757

309,496

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

443,757

309,496

Total comprehensive income attributable to:

Owners of the parent

443,757

309,496

FIXED ASSETS

Intangible assets

12

3,907,314

4,481,527

Tangible assets

13

309,189

290,448

Investments

14

-

332,200

4,216,503

5,104,175

CURRENT ASSETS

Stocks

15

56,881

99,190

Debtors

16

6,254,380

6,748,654

Cash at bank and in hand

2,965,304

1,010,974

9,276,565

7,858,818

CREDITORS

Amounts falling due within one year

17

10,764,156

8,776,410

NET CURRENT LIABILITIES

(1,487,591

)

(917,592

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,728,912

4,186,583

CREDITORS

Amounts falling due after more than one year

18

369,044

1,640,472

NET ASSETS

2,359,868

2,546,111

CAPITAL AND RESERVES

Called up share capital

23

10,000

10,000

Retained earnings

24

2,349,868

2,536,111

SHAREHOLDERS' FUNDS

2,359,868

2,546,111

The financial statements were approved by the director and authorised for issue on 26th November 2025 and were signed by:

D J Fullerton - Director

FIXED ASSETS

Intangible assets

12

-

-

Tangible assets

13

-

-

Investments

14

300

332,400

300

332,400

CURRENT ASSETS

Debtors

16

399,052

1,208,398

Cash at bank

1,362,355

570,470

1,761,407

1,778,868

CREDITORS

Amounts falling due within one year

17

1,684,024

2,040,430

NET CURRENT ASSETS/(LIABILITIES)

77,383

(261,562

)

TOTAL ASSETS LESS CURRENT LIABILITIES

77,683

70,838

CAPITAL AND RESERVES

Called up share capital

23

10,000

10,000

Retained earnings

24

67,683

60,838

SHAREHOLDERS' FUNDS

77,683

70,838

Company's profit for the financial year

636,845

122

The financial statements were approved by the director and authorised for issue on 26th November 2025 and were signed by:

D J Fullerton - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1st September 2023

10,000

2,226,615

2,236,615

Changes in equity

Total comprehensive income

-

309,496

309,496

Balance at 29th February 2024

10,000

2,536,111

2,546,111

Changes in equity

Dividends

-

(630,000

)

(630,000

)

Total comprehensive income

-

443,757

443,757

Balance at 28th February 2025

10,000

2,349,868

2,359,868

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1st September 2023

10,000

60,716

70,716

Changes in equity

Total comprehensive income

-

122

122

Balance at 29th February 2024

10,000

60,838

70,838

Changes in equity

Dividends

-

(630,000

)

(630,000

)

Total comprehensive income

-

636,845

636,845

Balance at 28th February 2025

10,000

67,683

77,683

Cash flows from operating activities

Cash generated from operations

1

2,923,704

2,806,348

Interest paid

(200,275

)

(132,008

)

Interest element of hire purchase or finance lease rental payments paid

-

(215

)

Tax paid

(289,257

)

(17,557

)

Net cash from operating activities

2,434,172

2,656,568

Cash flows from investing activities

Purchase of intangible fixed assets

(16,635

)

-

Purchase of tangible fixed assets

(137,578

)

(77,206

)

Sale of tangible fixed assets

2,185

14,977

Interest received

28,265

16,547

Net cash from investing activities

(123,763

)

(45,682

)

Cash flows from financing activities

Bank loan repayments

(200,000

)

(100,000

)

Movement in invoice discounting account

476,959

(2,072,541

)

HP capital repayments in year

-

(680

)

Amount introduced by directors

1,864,939

-

Amount withdrawn by directors

(1,426,549

)

(155,702

)

Deferred consideration repayments

(1,071,428

)

(619,714

)

Net cash from financing activities

(356,079

)

(2,948,637

)

Increase/(decrease) in cash and cash equivalents

1,954,330

(337,751

)

Cash and cash equivalents at beginning of year

2

1,010,974

1,348,725

Cash and cash equivalents at end of year

2

2,965,304

1,010,974

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

Period

1/9/23

Year Ended

to

28/2/25

29/2/24

£

£

Profit before taxation

1,090,816

410,216

Depreciation charges

1,039,700

136,183

Profit on disposal of fixed assets

-

(8,622

)

Finance costs

200,275

132,223

Finance income

(28,265

)

(16,547

)

2,302,526

653,453

Decrease/(increase) in stocks

42,309

(61,687

)

(Increase)/decrease in trade and other debtors

(609,479

)

1,421,747

Increase in trade and other creditors

1,188,348

792,835

Cash generated from operations

2,923,704

2,806,348

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 28th February 2025

28/2/25

1/3/24

£

£

Cash and cash equivalents

2,965,304

1,010,974

Period ended 29th February 2024

29/2/24

1/9/23

£

£

Cash and cash equivalents

1,010,974

1,348,725

3.	ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS

At 1/3/24

Cash flow

At 28/2/25

£

£

£

Net cash

Cash at bank and in hand

1,010,974

1,954,330

2,965,304

1,010,974

1,954,330

2,965,304

Debt

Debts falling due within 1 year

(1,271,432

)

-

(1,271,432

)

Debts falling due after 1 year

(1,640,472

)

1,271,428

(369,044

)

(2,911,904

)

1,271,428

(1,640,476

)

Total

(1,900,930

)

3,225,758

1,324,828