REGISTERED NUMBER: 05322235 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

PRECISION MARKETING GROUP LTD

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Income Statement

9

Other Comprehensive Income

10

Balance Sheet

11

Statement of Changes in Equity

12

Notes to the Financial Statements

13

DIRECTORS:

M Caldwell-Nichols BSC

Mrs Y Li

S A Ford

G R Howard

T J Stopher

V W Palmer

SECRETARY:

Mrs Y Li

REGISTERED OFFICE:

89 High Street

Hadleigh

Ipswich

Suffolk

IP7 5EA

BUSINESS ADDRESS:

Precision House

Lamdin Road

Bury St Edmunds

Suffolk

IP32 6NU

REGISTERED NUMBER:

05322235 (England and Wales)

AUDITORS:

Walter Wright

Chartered Accountants

Statutory Auditor

89 High Street

Hadleigh

Ipswich

Suffolk

IP7 5EA

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

REVIEW OF BUSINESS AND DEVELOPMENTS DURING THE YEAR

Precision is a unique provider of Business Services and eCommerce Services, distinguished by our sustainable supply model. Our ability to react quickly to client needs has resulted in Precision being integrated with the operations of clients ranging from multinationals and government bodies to SMEs. Precision's services manifest a wide range of solutions that bridge digital and physical, interlinking with the businesses within the holding company.

Sustainability

Precision has been committed to sustainability since 2015, when it began investing in technology to reduce its carbon footprint. Precision is now an ISO 14001-accredited carbon neutral (for scope 1 and scope 2 emissions) business operating from three sites; two in Bury St Edmunds, Suffolk and one in Watton, Norfolk. Sustainability and carbon reduction are knitted into the fabric of the business. We generate power through our 199kw rooftop solar PV and reduce the use of power through LED lighting, halogen heating and heat-management systems. 2021 saw us remove fossil fuel vehicles from our car fleet, we have adopted a 100% BEV or PHEV vehicle policy. Charging is provided by on site chargers powered by renewable energy.

Our Bury St Edmunds operation became zero emission in 2024 through the installation of Air Source Heat Pump systems - removing all fossil fuel heating. Our energy supply is already 100% renewable, 40% being through our rooftop solar.

Following an energy efficiency audit Precision's Head Office building in Bury St Edmunds has been certified with an EPC rating of A.

Financials

The directors are satisfied with the results for a year in which 80% of revenue was generated from clients who repeated work on a monthly basis. Precision's Technology team continued to develop new products and services, with R&D ensuring that our solutions and technological advancements met the needs of current and new customers. During the year we also began introducing artificial intelligence into our technology stack - deploying AI-driven automation and analytics to optimise operations, personalise eCommerce experiences and accelerate product development.

We successfully created new income streams, attracted new clients and saw increased usage of our solutions by existing clients, all of which contributed to a 38% increase in operating profit. Net asset value is now over £11.2m, and the company is debt free, save from a small amount of hire purchase finance. positioning us well against rising interest rates in the economy.

Precision has limited exposure to specific market sectors, with revenues from Utilities, Property, Professional Bodies and Healthcare sectors being less affected by economic fluctuations. Many of our customers have partnered with Precision since our incorporation in 2005. Precision is recognised for its environmentally conscious production and strong community relationships, which align with the ESG needs of our clients and suppliers.

Precision Marketing Group Limited is a wholly owned subsidiary of Precision Marketing Group Holdings Limited, with the Group including Precision Creative and Media Limited and Precision Pharmacy Limited. The Directors and Executive team, and our superb and stable work force combined contributed to the excellent results of FY24, a trend that has continued into the first half of FY25.

Therefore the directors are satisfied that the company has a strong financial and strategic position.

PRINCIPAL RISKS AND UNCERTAINTIES

Precision operates within markets and sectors that have historically demonstrated resilience to broader economic fluctuations. However, the economic uncertainty such as persistent high inflation and elevated interest rates pose a risk to the company's operations and financial performance, as they may lead to shifts in client demand, affecting revenue streams.

Employment and talent acquisition are important to the business growth. The ability to attract, develop, and retain skilled talent is essential to maintaining our competitive edge and ensuring the delivery of high-quality services.

The growth of key accounts underscores the need to proactively attract new customers to minimise the risk of overreliance on top spending clients. Precision closely monitors client revenue levels and the broader economic factors that influence them. This proactive approach enables us to remain agile in the face of economic uncertainties, ensuring that we can adapt our operations as needed to protect the company's financial health.

While Precision has successfully navigated similar challenges in the past, we acknowledge that these risks are ever-present. To safeguard our operations and financial performance, we are proactively growing new services and expanding our client base. The Group's strategic focus on its Data and Technology capabilities in omnichannel marketing and Ecommerce Services is to ensure sustained growth in the face of future uncertainties.

FINANCIAL KEY PERFORMANCE INDICATORS

2025

2024

EBITDA

3,827,424

2,761,022

Gross profit margin

22.5%

23.4%

Operating profit margin

14.7%

13.9%

Admin expenses as % of turnover

6.9%

8.5%

Return on capital employed

32.6%

32.3%

Current ratio

3.6:1

3.29:1

Average trade debtor days

44 days

53 days

OTHER KEY PERFORMANCE INDICATORS

Staff retention is paramount to our approach, and we now have a stronger workforce who all benefit from a companywide profit share.

ON BEHALF OF THE BOARD:

Mrs Y Li - Director

4 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 £ 94,118 .

DIRECTORS

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

M Caldwell-Nichols BSC

Mrs Y Li

S A Ford

G R Howard

T J Stopher

Other changes in directors holding office are as follows:

V W Palmer was appointed as a director after 31 March 2025 but prior to the date of this report.

POLITICAL DONATIONS AND EXPENDITURE

The company did not make any political donations during the year.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

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

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

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he 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.

AUDITORS

The auditors, Walter Wright, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mrs Y Li - Director

4 December 2025

Opinion

We have audited the financial statements of Precision Marketing Group Ltd (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.

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:

Our procedures in relation to fraud included but were not limited to:

- obtained an understanding of the nature of the sector, including the legal and regulatory framework that the company operates in.

- enquiries of management whether they have knowledge of any actual, suspected or alleged fraud;

- gaining an understanding of the internal controls established to mitigate risk related to fraud and management override.

- discussion amongst the engagement team regarding risk of fraud such as opportunities for fraudulent manual journal entries to manipulate financial performance, management bias through judgements and assumptions in significant accounting estimates; and

- addressing the risk of fraud through management override of controls by performing journal entry testing.

- challenging accounting estimates to ensure no indication of management bias.

The primary responsibility for the prevention and detection of irregularities including fraud rests with both those charged with governance and management. As with any audit, there remained a risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal controls.

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.

Kevin Brown ACA MAAT (Senior Statutory Auditor)

for and on behalf of Walter Wright

Chartered Accountants

Statutory Auditor

89 High Street

Hadleigh

Ipswich

Suffolk

IP7 5EA

4 December 2025

TURNOVER

3

25,135,846

19,314,856

Cost of sales

19,489,443

14,790,724

GROSS PROFIT

5,646,403

4,524,132

Distribution costs

206,916

197,171

Administrative expenses

1,734,493

1,644,542

1,941,409

1,841,713

OPERATING PROFIT

5

3,704,994

2,682,419

Interest receivable and similar income

148,804

50,106

3,853,798

2,732,525

Interest payable and similar expenses

6

429

1,066

PROFIT BEFORE TAXATION

3,853,369

2,731,459

Tax on profit

7

807,638

518,725

PROFIT FOR THE FINANCIAL YEAR

3,045,731

2,212,734

PROFIT FOR THE YEAR

3,045,731

2,212,734

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

3,045,731

2,212,734

FIXED ASSETS

Intangible assets

9

6,732

7,992

Tangible assets

10

1,495,151

1,278,812

Investments

11

38,405

38,405

1,540,288

1,325,209

CURRENT ASSETS

Stocks

12

126,500

111,055

Debtors

13

6,513,287

5,804,263

Cash at bank and in hand

6,983,108

4,350,772

13,622,895

10,266,090

CREDITORS

Amounts falling due within one year

14

3,788,599

3,215,127

NET CURRENT ASSETS

9,834,296

7,050,963

TOTAL ASSETS LESS CURRENT LIABILITIES

11,374,584

8,376,172

CREDITORS

Amounts falling due after more than one year

15

(36,009

)

-

PROVISIONS FOR LIABILITIES

18

(82,787

)

(71,997

)

NET ASSETS

11,255,788

8,304,175

CAPITAL AND RESERVES

Called up share capital

19

210,150

210,150

Capital contribution reserve

20

57,770

57,770

Retained earnings

20

10,987,868

8,036,255

SHAREHOLDERS' FUNDS

11,255,788

8,304,175

The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2025 and were signed on its behalf by:

Mrs Y Li - Director

Called up

Capital

share

Retained

contribution

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 April 2023

210,150

5,955,121

57,770

6,223,041

Changes in equity

Dividends

-

(131,600

)

-

(131,600

)

Total comprehensive income

-

2,212,734

-

2,212,734

Balance at 31 March 2024

210,150

8,036,255

57,770

8,304,175

Changes in equity

Dividends

-

(94,118

)

-

(94,118

)

Total comprehensive income

-

3,045,731

-

3,045,731

Balance at 31 March 2025

210,150

10,987,868

57,770

11,255,788

1.	STATUTORY INFORMATION

Precision Marketing Group Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 exemptions 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;

•

the requirement of paragraph 3.17(d);

•

the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

•

the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;

•

the requirement of paragraph 33.7.

Preparation of consolidated financial statements

The financial statements contain information about Precision Marketing Group Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Precision Marketing Group Holdings Limited, 89 High Street, Hadleigh, Ipswich, IP7 5EA.

Significant judgements and estimates

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be appropriate and reasonable in the circumstances.

a) Critical judgements in applying the entity's accounting policies

There is no area within the company's accounts where management has been required to apply a critical judgement.

b) Key accounting estimates and assumptions

(i) Useful economic lives of assets

The annual depreciation charge for tangible and intangible assets is sensitive to changes in estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on future investments, economic utilisation and the physical condition of the assets

Turnover

Turnover represents the sales of goods and services, is recognised on dispatch of the goods or provision of the service and excludes value added tax.

Goodwill

Goodwill representing the amounts paid in connection with the acquisition of a number of businesses, is being amortised evenly over the estimated useful life of each business acquired. The estimated useful lives range from 3 to 18 years.

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.

Computer software and domain names is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Hire purchase and leasing 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 paid under operating leases are charged to profit or loss on a straight line basis over the period 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.

Share-based payments

The cost of equity-settled transactions with employees is measured by reference to the fair value at the date at which they are granted and is recognised as an expense over the vesting period. Fair value is determined using an appropriate pricing model.

Going concern

Long term finance requirements and the company's day to day working capital requirements are met through cash reserves.

The directors have prepared projected cash flow information covering the next twelve months. On the basis of this cash flow information, the directors consider that the company will continue to operate within the facilities currently agreed and within those that they expect to be agreed over the twelve month period from the date of approval of the accounts.

On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.

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

25,101,482

19,222,591

Europe

32,471

87,515

Rest of world

1,893

4,750

25,135,846

19,314,856

4.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

2,482,333

2,142,394

Social security costs

194,078

185,887

Other pension costs

328,322

211,347

3,004,733

2,539,628

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

2025

2024

Director

5

5

Digital

10

9

Administration

11

10

Production

25

25

Sales

17

17

68

66

2025

2024

£

£

Directors' remuneration

300,462

304,795

Directors' pension contributions to money purchase schemes

240,103

146,880

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

Money purchase schemes

4

4

Information regarding the highest paid director is as follows:

2025

2024

£

£

Emoluments etc

98,558

99,448

Pension contributions to money purchase schemes

61,946

35,080

5.	OPERATING PROFIT

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

2025

2024

£

£

Machinery lease

64,760

62,819

Depreciation - owned assets

115,808

78,775

Depreciation - assets on hire purchase contracts

5,134

-

Loss/(profit) on disposal of fixed assets

229

(7,000

)

Goodwill amortisation

-

5,573

Computer software and domain names amortisation

1,260

1,254

Auditors' remuneration

17,500

17,250

Auditors remuneration - other

7,828

14,307

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Other interest paid

-

26

Hire purchase

429

1,040

429

1,066

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

929,817

677,044

Corporation tax re prior year

(160,241

)

(169,696

)

Payment in respect of group relief

27,272

-

Total current tax

796,848

507,348

Deferred tax

10,790

11,377

Tax on profit

807,638

518,725

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

3,853,369

2,731,459

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

963,342

682,865

Effects of:

Expenses not deductible for tax purposes

4,537

5,557

Adjustments to tax charge in respect of previous period research and development claim

(160,241

)

(169,697

)

Total tax charge

807,638

518,725

8.

DIVIDENDS

2025

2024

£

£

Ordinary shares of £1 each

Interim

94,118

131,600