REGISTERED NUMBER: 03813731 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MTC NORTHWEST LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

5

Income Statement

9

Other Comprehensive Income

10

Statement of Financial Position

11

Statement of Changes in Equity

12

Notes to the Financial Statements

13

DIRECTORS:

S P Gray

Ms J Robertson

S R Stewart

M I Winter

SECRETARY:

M I Winter

REGISTERED OFFICE:

Gores Road

Knowsley Industrial Park

Kirkby Liverpool

Merseyside

L33 7XS

REGISTERED NUMBER:

03813731 (England and Wales)

AUDITORS:

Fairhurst Audit Services Ltd

Statutory Auditor

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

BANKERS:

Natwest Bank

Aintree

Liverpool

L9 OEG

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

REVIEW OF BUSINESS

Sales of new and used vehicles were largely taken over by the sister company MTC Truck & Van Rental Ltd in 2024/25, hence overall turnover fell to £9.5m (2024 £13.8m) generating an EBITDA of £1.35m (2024 £1.9m), which is satisfactory in the current economic environment.

Key areas of operation are commercial vehicle service and repair, and vehicle parts sales. Each department is closely monitored and produces contribution for the business. Monthly management accounts are produced, and management meetings held, both for the overall company and for the individual operating areas. There is a focus both on continual improvement and on areas of risk.

MTC Northwest Limited works closely with sister company MTC Truck & Van Rental Ltd who, in addition to vehicle sales as noted above, offer both long- and short-term hire of commercial vehicles.

We also hold dual dealership status, being a partner of both MAN and DAF, and good relationships with these companies is one of the keys to the companies success.

During the year strong relationships with local schools and colleges were maintained, and there was significant investment in training and apprenticeships. The company is pleased to continue to support local charities and community organisations, such as Zoe's Place and local foodbanks.

Key performance indicators

The Business performance is measured using a suite of financial and non-financial KPIs, including: Sales, Profit Margins; Debtor Days; Stock Days; Training Levels; Apprenticeships; Customer Satisfaction; and Productivity.

2025

2024

£'000

£'000

Sales

9,475

13,854

Gross profit

3,139

3,583

Margin %

33.1%

25.9%

EBITDA

1,353

1,943

Net Assets

1,928

1,578

Future Developments

The Board are aware of external factors within the transport industry and the economy as a whole, including increased employer and other costs and low growth. However, the company is in a good position to remain profitable given its customer base and skilled workforce.

The business has identified its long-term aims as follows:

Income driven by electric vehicles

Minimal environmental impact

A highly skilled workforce

A full succession plan in place

A culture that values all of our stakeholders

Commercial risks identified and minimised

PRINCIPAL RISKS AND UNCERTAINTIES

Risks including financial constraints, commercial and contractual issues, are managed internally by holding regular senior manager's meetings and board meetings.

The safety of employees, customers, public and property is the priority for all group activities, and our rigorous

attention to procedures is fundamental in achieving this goal. The experience and professionalism of our employees

together with robust operating procedures, aims to eliminate any potential risk.

EMPLOYEES

Regular meetings are held involving directors, managers and supervisory staff to convey information to employees

regarding company performance and other factors affecting the business.

The company's policy and practice is to encourage and assist the employment, training, career development and

promotion of disabled staff.

HEALTH, SAFETY AND ENVIRONMENTAL ISSUES

The company is committed to outstanding performance in health, safety and environmental matters through a policy of training, communication and co-operation applied consistently throughout all operations.

The safety of employees, customers, public and property is the priority for all company activities, and our rigorous

attention to procedures is fundamental in achieving this goal. The company holds ISO 9001 and ISO 14001 accreditation, and works with external consultants to maintain these standards.

ON BEHALF OF THE BOARD:

M I Winter - Director

1 December 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 a commercial vehicle dealer, including new and used vehicle sales, parts availability, diagnostics, repair and maintenance, MOT preparation and testing.

DIVIDENDS

The results for the year and financial position of the company are shown in the annexed financial statements.

Total dividends of £50,000 (2024: £650,000) have been paid and it is recommended that the retained profit of £349,890 (2024: £301,653) be taken to reserves.

DIRECTORS

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

S P Gray

Ms J Robertson

S R Stewart

M I Winter

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), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:

M I Winter - Director

1 December 2025

Opinion

We have audited the financial statements of MTC Northwest Limited (the 'company') for the year ended 31 March 2025 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, 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 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 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- we identified the laws and regulations applicable to the company through discussions with directors and other

management, focusing on those that had a direct effect on the financial statements or that had a fundamental effect on it's operations. Key laws and regulations that we identified included the UK Companies Act, tax legislation,

employment legislation and Health and Safety regulations.

- we enquired of the directors and reviewed correspondence with HMRC for evidence of non-compliance with laws and regulations. We also reviewed controls the directors have in place to ensure compliance.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of

actual, suspected and alleged fraud; and

- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

- performed analytical procedures to identify any unusual or unexpected relationships;

- tested journal entries to identify unusual transactions;

- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of

potential bias.

- we reviewed financial statements disclosures and tested to supporting documentation to assess compliance with

relevant laws and regulations discussed above;

- we enquired of the directors about actual and potential litigation and claims.

Due to inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material

misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing fraud or non-compliance with laws and regulations and cannot be expected to detect all fraud and non-compliance with laws and regulations.

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.

John B S Fairhurst BA(Hons) FCA (Senior Statutory Auditor)

for and on behalf of Fairhurst Audit Services Ltd

Statutory Auditor

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

1 December 2025

TURNOVER

9,475,336

13,854,267

Cost of sales

6,336,701

10,271,261

GROSS PROFIT

3,138,635

3,583,006

Administrative expenses

2,508,653

2,490,581

OPERATING PROFIT

4

629,982

1,092,425

Interest receivable and similar income

12,204

7,526

642,186

1,099,951

Interest payable and similar expenses

5

123,188

124,017

PROFIT BEFORE TAXATION

518,998

975,934

Tax on profit

6

119,108

24,281

PROFIT FOR THE FINANCIAL YEAR

399,890

951,653

PROFIT FOR THE YEAR

399,890

951,653

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

399,890

951,653

FIXED ASSETS

Intangible assets

8

1

1

Tangible assets

9

2,049,121

2,812,854

2,049,122

2,812,855

CURRENT ASSETS

Stocks

10

1,206,431

1,755,623

Debtors

11

1,516,975

1,600,690

Cash at bank

392,185

268,806

3,115,591

3,625,119

CREDITORS

Amounts falling due within one year

12

2,113,177

2,936,765

NET CURRENT ASSETS

1,002,414

688,354

TOTAL ASSETS LESS CURRENT LIABILITIES

3,051,536

3,501,209

CREDITORS

Amounts falling due after more than one year

13

(699,705

)

(1,361,602

)

PROVISIONS FOR LIABILITIES

17

(423,772

)

(561,438

)

NET ASSETS

1,928,059

1,578,169

CAPITAL AND RESERVES

Called up share capital

18

92

92

Capital redemption reserve

19

8

8

Retained earnings

19

1,927,959

1,578,069

SHAREHOLDERS' FUNDS

1,928,059

1,578,169

The financial statements were approved by the Board of Directors and authorised for issue on 1 December 2025 and were signed on its behalf by:

S P Gray - Director

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 April 2023

92

1,276,416

8

1,276,516

Changes in equity

Dividends

-

(650,000

)

-

(650,000

)

Total comprehensive income

-

951,653

-

951,653

Balance at 31 March 2024

92

1,578,069

8

1,578,169

Changes in equity

Dividends

-

(50,000

)

-

(50,000

)

Total comprehensive income

-

399,890

-

399,890

Balance at 31 March 2025

92

1,927,959

8

1,928,059

1.	STATUTORY INFORMATION

MTC Northwest 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Significant judgements and estimates

Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made include:

a) Vehicle fleet depreciation

An assessment is made on the residual values of the vehicles fleet by experienced management. If an indication exists that the previous estimates differ, the residual values are amended by an increase or decrease in the estimated deprecation.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Goodwill

Goodwill has not been amortised. This is a departure from the Companies Act, but it is considered that it does not affect the true and fair view of the accounts, due to the immaterial value of the goodwill.

Intangible assets

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

Tangible fixed assets

Tangible fixed assets are measured at cost less depreciation and any impairment.

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over it's estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Leasehold land and buildings

In accordance with the property

Plant & equipment

20% straight line

Fixtures and fittings

20% straight line

Motor vehicles

8-60% reducing balance basis

Vehicles on rental

8-33% reducing balance basis

Impairment of assets

At each reporting date assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset in prior periods. A reversal of an impairment loss is recognised immediately in the profit or loss.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Short term financial assets, including trade and other debtors and cash and bank balances, are measured at the transaction price. Financial assets that have no stated interest rate and are recoverable within one year shall be measured at the undiscounted amount due.

Short term financial liabilities, including trade and other creditors, are measured at the transaction price.

Financial liabilities that have no stated interest rate and are payable within one year shall be measured at the

undiscounted amount due.

Related party loans have no stated interest rate, are payable on demand and are measured at the undiscounted amount due.

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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Lease commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits.

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

3.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

972,431

1,605,536

Social security costs

144,636

216,119

Other pension costs

25,701

35,820

1,142,768

1,857,475

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

2025

2024

Management and staff

49

62

2025

2024

£

£

Directors' remuneration

67,647

199,995

4.	OPERATING PROFIT

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

2025

2024

£

£

Hire of plant and machinery

41,753

42,097

Other operating leases

263,760

381,825

Depreciation - owned assets

154,402

186,593

Depreciation - assets on hire purchase contracts

569,039

664,308

(Profit)/loss on disposal of fixed assets

(33,153

)

11,660

Auditors' remuneration

17,500

14,500

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Other loan interest

-

2,077

Loan interest

4,343

9,347

Hire purchase

118,845

112,593

123,188

124,017

6.

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

212,157

26,243

(Overprovision) in prior year

(13,016

)

-

Tax due on losses claimed

57,633

-

Total current tax

256,774

26,243

Deferred tax

(137,666

)

(1,962

)

Tax on profit

119,108

24,281

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

Reconciliation of total tax charge included in profit and loss

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

2025

2024

£

£

Profit before tax

518,998

975,934

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

129,750

243,984

Effects of:

Expenses not deductible for tax purposes

4,037

-

Income not taxable for tax purposes

-

3,056

Capital allowances in excess of depreciation

-

(88,662

)

Depreciation in excess of capital allowances

136,004

-

Utilisation of tax losses

(57,633

)

(132,135

)

Adjustments to tax charge in respect of previous periods

(13,017

)

-

Deferred tax recognition

(137,666

)

(1,962

)

Payment due for group relief

57,633

-

Total tax charge

119,108

24,281

7.

DIVIDENDS

2025

2024

£

£

Interim paid

50,000

650,000

8.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

1

NET BOOK VALUE

At 31 March 2025

1

At 31 March 2024

1

9.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Vehicles

machinery

fittings

vehicles

on rental

Totals

£

£

£

£

£

COST

At 1 April 2024

302,861

210,163

793,997

3,524,645

4,831,666

Additions

37,988

68,581

-

-

106,569

Disposals

-

-

(147,711

)

(473,259

)

(620,970

)

At 31 March 2025

340,849

278,744

646,286

3,051,386

4,317,265

DEPRECIATION

At 1 April 2024

257,541

153,077

218,739

1,389,455

2,018,812

Charge for year

21,887

22,987

109,528

569,039

723,441

Eliminated on disposal

-

-

(80,711

)

(393,398

)

(474,109

)

At 31 March 2025

279,428

176,064

247,556

1,565,096

2,268,144

NET BOOK VALUE

At 31 March 2025

61,421

102,680

398,730

1,486,290

2,049,121

At 31 March 2024

45,320

57,086

575,258

2,135,190

2,812,854

The net book value of tangible fixed assets includes £1,703,364 (2024: - £2,579,115) in respect of assets held under hire purchase contracts.

10.

STOCKS

2025

2024

£

£

Stocks

1,118,595

1,568,746

Work-in-progress

87,836

186,877

1,206,431

1,755,623

11.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

847,964

1,334,097

Amounts owed by participating interests

500,000

-

Other debtors

6,383

6,480

Directors' current accounts

-

101,008

Tax

34,090

34,090

Prepayments and accrued income

128,538

125,015

1,516,975

1,600,690