REGISTERED NUMBER: 00263547 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 31 March 2025

for

Aykroyd & Sons Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Income Statement

10

Other Comprehensive Income

11

Balance Sheet

12

Statement of Changes in Equity

13

Notes to the Financial Statements

14

DIRECTORS:

Mr D B Aykroyd

Mr N J Aykroyd

Ms F E Aykroyd-Davies

Ms D L Aykroyd-Duckett

Ms S H Galdo

Mr S S Aykroyd

Mr A Robson

SECRETARY:

Mr A C Gilbody

REGISTERED OFFICE:

Unit 17

Bala Enterprise Park

Bala

Gwynedd

LL23 7NJ

REGISTERED NUMBER:

00263547 (England and Wales)

SENIOR STATUTORY AUDITOR:

Ian Sluckis BA FCA

AUDITORS:

Freedman Frankl & Taylor

Statutory Auditors

Chartered Accountants

Reedham House

31 King Street West

Manchester

M3 2PJ

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

The principal activities of the company continue to be that of distribution of character pyjamas, nightwear, swimwear and leisurewear.

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

The directors of the company regard the financial key performance indicators as turnover and profitability before tax. We were delighted with sales of £81.7m, considerably higher than the previous year, as the company continues to grow its range.

Aykroyd & Sons Limited: Stakeholder Engagement:

As the Board at Aykroyds we have a legal responsibility under section 172 of the Companies Act 2006 to act in the way we consider, in good faith, would be the most likely to promote the success of the company for the benefit of its members as a whole and in doing so have regard for the following other matters:

The likely consequences of any decisions in the long term:

Aykroyd & Sons Ltd is a family run business and has been in existence for over 100 years. With the next generation of the Aykroyd family taking full active roles as board members and now as senior management too we have shown our commitment to the company's future. With this influx of energy and enthusiasm to bring the company design and creativity to a high level there has been investment in a whole team of experts bringing new ideas and exciting changes to ensure we are always ahead.Aykroyd's Far East Ltd a related party of Aykroyd & Sons Ltd is now in fully operational . Aykroyds directors have focused hard on developing the company giving us a huge advantage in regards to our China sourcing & efficiency with the aim to further increase capability, compliance & competitivity.

The interest of the company's employees:

The company has always been renowned for looking after their employees. We have 34 out of 130 employees with over 20 years of service. The directors still ensure continuity of this practice in the following ways:

- Setting remuneration at market-leading rates and rewarding performance and pay bonuses when possible.

- Providing training in-house and career development support.

- Ensuring we are up to date with health & safety training and continuous monitoring.

- Ensuring an open-door approach for all discussions.

- Arranging staff days out for the three sites to get together and have fun.

The need to foster the company's business relationship with suppliers, customers and others:

Our business is built on good relationships with customers, suppliers and others. The directors have made a conscious decision to focus on further developing our design and licensing side of the company along with the profile of the company through social media. We continue to attend licensing shows and aim to have the latest licenses to provide the best for our customers. We work with our suppliers to ensure meeting required compliance and standards and have a team to specifically work on this.

The impact of the company's operations on the community and the environment:

The Aykroyds history was in manufacturing in the small town of Bala, generations of families worked for the company and the directors gave huge support inside and outside the work environment. This continues to this day with the company supporting the local Sports Association and football club. We regularly hold charity money raising events too, especially for charities close to our heart.

Our planet:

The board of directors are committed to helping the environment wherever possible. We have installed solar panels on our Bala and Altrincham sites plus electric charging points for staff to use. We have a packaging waste procedure in place to ensure all the waste cardboard and plastic is baled on site and then sent for recycling. The directors encourage paper free working but where we do use paper it is recycled. All rubbish is sorted to minimise waste.

The desirability of the company maintaining a reputation for high standards of business conduct:

Aykroyds whole business of design, licensing, sourcing and distribution of character clothing requires high standard of business conduct, as well as the IT, administration and accounting. None of it can be done without directors continuously ensuring compliance is met at every stage to ensure our reputation is maintained, without which the company could not continue.

The need to act fairly between employees of the company:

Being aware of the importance of transparency and accountability the directors put together a monthly newsletter which is sent to all company employees and on our website. This is seen to encourage openness and that along with regular meetings not only at board level but throughout the company. Communication to all employees is a vital part of our strategy, application in our work and delivery.

ON BEHALF OF THE BOARD:

Mr D B Aykroyd - Director

8 December 2025

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

DIVIDENDS

The total distribution of dividends for the year ended 31 March 2025 will be £ 1,116,500 .

DIRECTORS

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

Mr D B Aykroyd

Mr N J Aykroyd

Ms F E Aykroyd-Davies

Ms D L Aykroyd-Duckett

Ms S H Galdo

Mr S S Aykroyd

Mr A Robson

STREAMLINED ENERGY AND CARBON REPORTING

The Companies Act 2006 (Directors Report) Regulation 2018 requires the company to disclose energy consumption and greenhouse gas emissions (GHG). This information has not been disclosed in these financial statements as it is included in the consolidated financial statements of the ultimate parent undertaking, Aykroyd & Sons Holdings Limited.

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;

-	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 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:

Mr D B Aykroyd - Director

8 December 2025

Opinion

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

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 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 identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

-

the nature of the industry and sector, control environment and business performance;

-

results of enquiries of management about their own identification and assessment of the risks of irregularities;

-

any matters we identified having obtained and reviewed the Company's documentation of their policies and procedures relating to:

-

identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of noncompliance;

-

detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;

-

the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;

-

the matters discussed among the audit engagement team and involving other internal specialists including tax regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risks of management override.

We also obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and local tax legislation.

Our procedures to respond to risks identified included the following:

-

reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

-

enquiring of management concerning actual and potential litigation and claims;

-

performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

-

obtained an understanding of provisions and held discussions with management to understand the basis of recognition or non-recognition of tax provisions; and

-

in addressing the risks of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indications of fraud or noncompliance with laws and regulations throughout the audit.

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.

Ian Sluckis BA FCA (Senior Statutory Auditor)

for and on behalf of Freedman Frankl & Taylor

Statutory Auditors

Chartered Accountants

Reedham House

31 King Street West

Manchester

M3 2PJ

8 December 2025

TURNOVER

3

81,739,457

57,227,586

Cost of sales

(75,873,916

)

(53,082,835

)

GROSS PROFIT

5,865,541

4,144,751

Distribution costs

(759,676

)

(644,435

)

Administrative expenses

(2,412,616

)

(1,724,364

)

2,693,249

1,775,952

Other operating income

(18,317

)

(26,985

)

OPERATING PROFIT

5

2,674,932

1,748,967

Interest receivable and similar income

57,201

3,758

2,732,133

1,752,725

Gain/loss on revaluation of investment property

821,435

-

3,553,568

1,752,725

Interest payable and similar expenses

6

(50,262

)

(71,141

)

PROFIT BEFORE TAXATION

3,503,306

1,681,584

Tax on profit

7

(899,949

)

(435,279

)

PROFIT FOR THE FINANCIAL YEAR

2,603,357

1,246,305

PROFIT FOR THE YEAR

2,603,357

1,246,305

OTHER COMPREHENSIVE INCOME

Movement on hedging reserve

132,536

128,344

Income tax relating to other comprehensive income

(33,134

)

(32,086

)

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

99,402

96,258

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

2,702,759

1,342,563

FIXED ASSETS

Tangible assets

9

2,307,860

2,405,362

Investments

10

23,050

23,050

Investment property

11

1,329,421

539,233

3,660,331

2,967,645

CURRENT ASSETS

Stocks

12

4,578,629

4,592,926

Debtors

13

15,330,392

12,235,752

Investments

14

7,900

7,900

Cash at bank and in hand

937,035

820,616

20,853,956

17,657,194

CREDITORS

Amounts falling due within one year

15

(8,496,935

)

(6,367,013

)

NET CURRENT ASSETS

12,357,021

11,290,181

TOTAL ASSETS LESS CURRENT LIABILITIES

16,017,352

14,257,826

CREDITORS

Amounts falling due after more than one year

16

(383,982

)

(391,819

)

PROVISIONS FOR LIABILITIES

19

(229,370

)

(48,266

)

NET ASSETS

15,404,000

13,817,741

CAPITAL AND RESERVES

Called up share capital

20

7,700

7,700

Hedging reserve

21

(26,744

)

(126,146

)

Retained earnings

21

15,423,044

13,936,187

SHAREHOLDERS' FUNDS

15,404,000

13,817,741

The financial statements were approved by the Board of Directors and authorised for issue on 8 December 2025 and were signed on its behalf by:

Mr D B Aykroyd - Director

Called up

share

Retained

Hedging

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 April 2023

7,700

13,968,782

(222,404

)

13,754,078

Changes in equity

Dividends

-

(1,278,900

)

-

(1,278,900

)

Total comprehensive income

-

1,246,305

96,258

1,342,563

Balance at 31 March 2024

7,700

13,936,187

(126,146

)

13,817,741

Changes in equity

Dividends

-

(1,116,500

)

-

(1,116,500

)

Total comprehensive income

-

2,603,357

99,402

2,702,759

Balance at 31 March 2025

7,700

15,423,044

(26,744

)

15,404,000

1.	STATUTORY INFORMATION

Aykroyd & Sons 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 as modified by the revaluation of certain assets.

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

In applying the company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

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

Key sources of estimation uncertainty

The key assumptions concerning the future, and other key sources of estimation uncertainty, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are disclosed below.

Assessing indicators of impairment

In assessing whether there have been any indicators of impairment assets, the directors have considered both external and internal sources of information such as market conditions and experience of recoverability. There have been no indicators of impairments identified during the current financial year.

Tangible fixed assets

Tangible fixed assets, are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

Turnover

Turnover is measured at fair value of the consideration received or receivable, excluding discounts, rebates and value added tax from the provision of goods and services which fall within the company's ordinary activity. The directors consider the business to comprise a single activity.

Bank interest is recognised in the period in which it was received.

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 reducing balance

Leasehold property

-

20% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

33.33% on reducing balance

Tangible fixed assets are initially recorded at cost less accumulated depreciation and accumulated impairment losses.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

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

Taxation

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

Current or deferred taxation assets and liabilities are not discounted.

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

Deferred tax

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

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

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

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.

Leasing commitments

Amounts payable under operating leases are charged to the profit and loss account in the period in which they are incurred.

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.

Investments

Fixed asset investments are shown at cost less provision for impairment. Current asset investments are stated at lower of cost and net realisable value.

Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the profit and loss account over the expected useful lives of the assets concerned. Other grants are credited to the profit and loss account as the related expenditure is incurred.

Financial instruments

The company uses forward currency contracts to reduce exposure to foreign exchange rates.

The company considers it qualifies for hedge accounting when certain criteria are met :

Forward foreign currency contracts

The criteria for forward currency contracts are

- the instrument must be related to expected purchases in foreign currency,

- it must involve the same currency as the hedged item, and

- it must reduce the risk of foreign currency exchange movements in the company's operations

Foreign exchange forward contracts have been recognised at fair value at the end of the year with changes in fair value recognised in the hedging reserve.

Going concern

The company's financial statements for the year ended 31 March 2025 have been prepared on a going concern basis as, after making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3.

TURNOVER

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

An analysis of turnover by geographical market is given below:

2025

2024

£

£

United Kingdom

56,781,594

44,987,232

Europe

24,957,863

12,240,354

81,739,457

57,227,586

4.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

3,813,302

3,301,791

Social security costs

384,060

278,086

Other pension costs

162,153

151,518

4,359,515

3,731,395

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

2025

2024

Selling and distribution

105

93

Office and management

10

10

115

103

2025

2024

£

£

Directors' remuneration

481,086

482,400

Directors' pension contributions to money purchase schemes

72,900

75,838

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

Money purchase schemes

8

8

Information regarding the highest paid director is as follows:

2025

2024

£

£

Emoluments etc

91,774

95,833

Pension contributions to money purchase schemes

4,500

3,896

5.	OPERATING PROFIT

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

2025

2024

£

£

Depreciation - owned assets

262,772

260,522

Profit on disposal of fixed assets

(36,990

)

(44,405

)

Auditors' remuneration

29,050

28,400

Foreign exchange differences

(38,787

)

(110,699

)

Deferred grant

(8,000

)

(8,163

)

Operating lease - land and buildings

30,000

28,000

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Bank interest

47,057

70,169

Other interest

3,205

972

50,262

71,141

7.

TAXATION

Analysis of the tax charge

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

2025

2024

£

£

Current tax:

UK corporation tax

718,845

437,516

Deferred tax

181,104

(2,237

)

Tax on profit

899,949

435,279

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

3,503,306

1,681,584

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

875,827

420,396

Effects of:

Expenses not deductible for tax purposes

30,989

11,022

Capital allowances in excess of depreciation

(6,867

)

-

Depreciation in excess of capital allowances

-

3,861

Total tax charge

899,949

435,279

Tax effects relating to effects of other comprehensive income

2025

Gross

Tax

Net

£

£

£

Movement on hedging reserve

132,536

(33,134

)

99,402

2024

Gross

Tax

Net

£

£

£

Movement on hedging reserve

128,344

(32,086

)

96,258

8.

DIVIDENDS

2025

2024

£

£

Ordinary shares of £1 each

Interim

1,116,500

1,278,900