Future Sound & Vision Limited Company accounts

COMPANY REGISTRATION NUMBER: 05124376

Future Sound & Vision Limited

Financial Statements

For the year ended

31 March 2025

Future Sound & Vision Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Officers and professional advisers	1

Strategic report	2

Directors' report	4

Independent auditor's report to the member	6

Statement of income and retained earnings	10

Statement of financial position	11

Notes to the financial statements	12

Future Sound & Vision Limited

Officers and Professional Advisers

The board of directors	A Williams
	O French
	G Randall

Registered office	Building 15, Gateway 1000
	Arlington Business Park
	Stevenage
	Hertfordshire
	SG1 2FP

Auditor	Streets Audit LLP
	Chartered accountants & statutory auditor
	Building 15, Gateway 1000
	Arlington Business Park
	Stevenage
	Hertfordshire
	SG1 2FP

Future Sound & Vision Limited

Strategic Report

Year ended 31 March 2025

The directors present their strategic report for the year ended 31 March 2025. Review of the business The directors aim to present a balanced and comprehensive review of the development and performance of the company during the year and its position at the year end. The review is consistent with the size and non complex nature of the company and is written in the context of the risks and uncertainties that it faces. The company has continued to operate a number of manufacturing premises in Hertfordshire, with strong growth in the UK and US for its products. The directors consider that the key performance indicators are those that best communicate the the financial performance and strength of the company as a whole, these being turnover, gross profit and operating margin. Turnover has increased by 4% on the previous year to £21m. This is largely due to a continued strong demand for its products. The gross profit percentage for the year has decreased when compared to the previous year at 44% (2024 - 48%), as has operating margin at 25% (2024 - 29%). The operating profit for the year was £5.3m which is in line with the directors' expectations. As for many businesses of this size, the business environment in which the company operates continues to be challenging, however the business has, once again, delivered satisfactory results for the year. Results and dividends The profit for the year, after taxation, amounted to £4.2m (2024- £4.8m). Particulars of dividends paid are detailed in the notes to the financial statements. Principal risks and uncertainties Competitive pressures within the market is the main risk facing the company. The company manages this risk by focusing on product differentiation, quality, efficiency, market knowledge and customer service to give it a competitive advantage. The company is also exposed to foreign exchange risk. Careful planning allows natural hedges within the business to reduce these risks. The company makes use of financial instruments through the operating of bank accounts. The company also makes purchases and sales in foreign currency. Future events The company intends to continue to serve its core markets with its existing product range and develop complimentary new products where opportunities present themselves. The company's principal financial instruments comprise cash and various items, such as trade debtors and trade creditors, that arise directly from its operations. The main purpose of these financial instruments is to provide finance for the company's operations. The existence of these financial instruments exposes the company to a number of financial risks. The main risks arising from the company's financial risks are credit risk, liquidity risk and interest rate risk. The directors review and agree policies for managing each of these risks and they are summarised below. These policies have remained unchanged from previous years.

This report was approved by the board of directors on 9 December 2025 and signed on behalf of the board by:

A Williams

Director

Registered office:

Building 15, Gateway 1000

Arlington Business Park

Stevenage

Hertfordshire

SG1 2FP

Future Sound & Vision Limited

Directors' Report

Year ended 31 March 2025

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

Directors

The directors who served the company during the year were as follows:

A Williams
O French
G Randall

Dividends

The directors do not recommend the payment of a dividend.

Research and development

During the year the company incurred £x,xxx,xxx (2024 - £1,435,263) on research and development.

Disclosure of information in the strategic report

The company has chosen to set out in the strategic report information about the future developments of the company and the financial instruments.

Directors' responsibilities statement

The directors are responsible for preparing the strategic report, directors' report 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 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 judgments 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. Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.

This report was approved by the board of directors on 9 December 2025 and signed on behalf of the board by:

A Williams

Director

Registered office:

Building 15, Gateway 1000

Arlington Business Park

Stevenage

Hertfordshire

SG1 2FP

Future Sound & Vision Limited

Independent Auditor's Report to the Member of Future Sound & Vision Limited

Year ended 31 March 2025

Opinion

We have audited the financial statements of Future Sound & Vision Limited (the 'company') for the year ended 31 March 2025 which comprise the statement of income and retained earnings, statement of financial position and the related notes, 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 FRS 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; - 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 auditor's 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 other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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 directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report 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 directors' report. We have nothing to report in respect of the following matters in relation to which 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 directors' responsibilities statement, 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 is 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.

Auditor's 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 an auditor’s report 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 approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: - the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; - we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the company and sector in which it operates; - we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, employment, environmental and health and safety legislation; - we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and - identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. 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. To address the risk of fraud through management bias and override of controls, we: - performed analytical procedures to identify any unusual or unexpected relationships; - assessed whether judgements and assumptions made in determining the accounting estimates set out in Note 3 were indicative of potential bias; and - investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: - agreeing financial statement disclosures to underlying supporting documentation; - enquiring of management as to actual and potential litigation and claims; and - reviewing correspondence with HMRC, relevant regulators and the company's legal advisors. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report

This report is made solely to the company's member, 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 member those matters we are required to state to them in an auditor's report 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 member as a body, for our audit work, for this report, or for the opinions we have formed.

Jonathan Day

(Senior Statutory Auditor)

For and on behalf of

Streets Audit LLP

Chartered accountants & statutory auditor

Building 15, Gateway 1000

Arlington Business Park

Stevenage

Hertfordshire

SG1 2FP

10 December 2025

Future Sound & Vision Limited

Statement of Income and Retained Earnings

Year ended 31 March 2025

		2025	2024
Note		£	£
Turnover	4	20,993,930	20,153,770

Cost of sales	11,677,620	10,416,182
	-------------	-------------
Gross profit	9,316,310	9,737,588

Distribution costs		1,144,595	1,290,074
Administrative expenses		2,878,672	2,577,898
		------------	------------
Operating profit	5	5,293,043	5,869,616

Other interest receivable and similar income	9	316,208	200,032
		------------	------------
Profit before taxation		5,609,251	6,069,648

Tax on profit	10	1,419,724	1,241,034
		------------	------------
Profit for the financial year and total comprehensive income		4,189,527	4,828,614
		------------	------------

Retained earnings at the start of the year	21,793,540	16,964,926
	-------------	-------------
Retained earnings at the end of the year	25,983,067	21,793,540
	-------------	-------------

All the activities of the company are from continuing operations.

Future Sound & Vision Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	12	3,737,146	3,363,227
Investments	13	767,927	767,927
		------------	------------
		4,505,073	4,131,154

Current assets

Stocks	14	797,594	691,416
Debtors	15	13,568,962	11,838,654
Cash at bank and in hand		9,434,085	7,218,599
		-------------	-------------
		23,800,641	19,748,669

Creditors: amounts falling due within one year	16	1,894,570	1,777,860
		-------------	-------------
Net current assets		21,906,071	17,970,809
		-------------	-------------
Total assets less current liabilities		26,411,144	22,101,963

Provisions	17	418,077	298,423
		-------------	-------------
Net assets		25,993,067	21,803,540
		-------------	-------------

Capital and reserves

Called up share capital	20	10,000	10,000
Profit and loss account		25,983,067	21,793,540
		-------------	-------------
Shareholder funds		25,993,067	21,803,540
		-------------	-------------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the medium companies regime.

These financial statements were approved by the board of directors and authorised for issue on 9 December 2025 , and are signed on behalf of the board by:

A Williams

Director

Company registration number: 05124376

Future Sound & Vision Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Building 15 Gateway 1000, Arlington Business Park, Stevenage, Hertfordshire, SG1 2FP. The trading address is Units 2-7 Kimpton Enterprise Park, Claggy Road, Kimpton, Hitchin, SG4 8HP.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements have been prepared in sterling as this is the functional currency of the entity.

Research & development

Research expenditure is written off in the period in which it is incurred.

Research and Development relief is given in the tax computation at the rate applicable to Small and Medium Enterprises and the tax credit calculated and claimed. The credit is provided for in these Financial Statements.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Future Sound and Vision Holdings Limited which can be obtained from Companies House. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) Disclosures in respect of share-based payments have not been presented. (e) No disclosure has been given for the aggregate remuneration of key management personnel.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are detailed in the revenue recognition policy note. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other 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 as follows: 1) Depreciation and amortisation charges The annual depreciation and amortisation charge for each class of tangible and intangible asset is based on an estimate of the useful economic life of the respective assets. This is reviewed periodically by the directors to ensure that they reflect both the external and internal factors.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% straight line
Long leasehold property	-	Over the life of the lease
Plant and machinery	-	15% reducing balance
Fixtures, fittings and equipment	-	25% reducing balance
Motor vehicles	-	25% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Income from investments is included in the statement of comprehensive income in the accounting period to which it relates.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Turnover

Turnover arises from:

	2025	2024
	£	£
Sale of goods	20,993,930	20,153,770
	-------------	-------------

The turnover is attributable to the one principal activity of the company. An analysis of turnover by the geographical markets that substantially differ from each other is given below:

	2025	2024
	£	£
United Kingdom	6,530,484	6,677,998
Overseas	14,463,446	13,475,772
	-------------	-------------
	20,993,930	20,153,770
	-------------	-------------

5. Operating profit

Operating profit or loss is stated after charging:

	2025	2024
	£	£
Depreciation of tangible assets	566,793	419,415
Loss on disposal of tangible assets	28,245	–
Foreign exchange differences	4,351	901
	---------	---------

6. Auditor's remuneration

	2025	2024
	£	£
Fees payable for the audit of the financial statements	17,000	20,000
	--------	--------

Fees payable to the company's auditor and its associates for other services:

Taxation advisory services	–	7,900
Other non-audit services	28,921	33,403
	--------	--------
	28,921	41,303
	--------	--------

7. Staff costs

The average number of persons employed by the company during the year, including the directors, amounted to:

	2025	2024
	No.	No.
Production staff	104	101
Administrative staff	9	9
	----	----
	113	110
	----	----

The aggregate payroll costs incurred during the year, relating to the above, were:

	2025	2024
	£	£
Wages and salaries	5,646,710	5,166,090
Social security costs	628,312	565,821
Other pension costs	640,226	605,635
	------------	------------
	6,915,248	6,337,546
	------------	------------

8. Directors' remuneration

The directors' aggregate remuneration in respect of qualifying services was:

	2025	2024
	£	£
Remuneration	690,528	559,494
Company contributions to defined contribution pension plans	117,044	117,044
	---------	---------
	807,572	676,538
	---------	---------

The number of directors who accrued benefits under company pension plans was as follows:

	2025	2024
	No.	No.
Defined contribution plans	3	3
	----	----

Remuneration of the highest paid director in respect of qualifying services:

	2025	2024
	£	£
Aggregate remuneration	325,351	281,333
Company contributions to defined contribution pension plans	25,052	28,522
	---------	---------
	350,403	309,855
	---------	---------

9. Other interest receivable and similar income

	2025	2024
	£	£
Interest on cash and cash equivalents	316,208	200,032
	---------	---------

10. Tax on profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	1,300,070	1,051,225

Deferred tax:

Origination and reversal of timing differences	119,654	189,809
	------------	------------
Tax on profit	1,419,724	1,241,034
	------------	------------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is higher than (2024: lower than) the standard rate of corporation tax in the UK of 25 % (2024: 25 %).

	2025	2024
	£	£
Profit on ordinary activities before taxation	5,609,251	6,069,648
	------------	------------
Profit on ordinary activities by rate of tax	1,402,313	1,517,412
Effect of expenses not deductible for tax purposes	4,141	23,756
Effect of capital allowances and depreciation	13,270	7,366
R&D enhanced deduction adjustment	–	( 307,500)
	------------	------------
Tax on profit	1,419,724	1,241,034
	------------	------------

11. Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	1,119,759
	------------
Amortisation
At 1 April 2024 and 31 March 2025	1,119,759
	------------
Carrying amount
At 31 March 2025	–
	------------
At 31 March 2024	–
	------------

12. Tangible assets

	Freehold property	Long leasehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£	£
Cost
At 1 Apr 2024	991,533	452,841	4,143,501	332,217	622,319	6,542,411
Additions	–	134,900	716,467	20,698	126,892	998,957
Disposals	–	–	( 406,534)	–	–	( 406,534)
	---------	---------	------------	---------	---------	------------
At 31 Mar 2025	991,533	587,741	4,453,434	352,915	749,211	7,134,834
	---------	---------	------------	---------	---------	------------
Depreciation
At 1 Apr 2024	158,645	227,638	2,179,175	298,427	315,299	3,179,184
Charge for the year	19,831	35,834	393,382	20,205	97,541	566,793
Disposals	–	–	( 348,289)	–	–	( 348,289)
	---------	---------	------------	---------	---------	------------
At 31 Mar 2025	178,476	263,472	2,224,268	318,632	412,840	3,397,688
	---------	---------	------------	---------	---------	------------
Carrying amount
At 31 Mar 2025	813,057	324,269	2,229,166	34,283	336,371	3,737,146
	---------	---------	------------	---------	---------	------------
At 31 Mar 2024	832,888	225,203	1,964,326	33,790	307,020	3,363,227
	---------	---------	------------	---------	---------	------------

13. Investments

	Other investments other than loans
	£
Cost
At 1 April 2024 and 31 March 2025	767,927
	---------
Impairment
At 1 April 2024 and 31 March 2025	–
	---------

Carrying amount
At 31 March 2025	767,927
	---------
At 31 March 2024	767,927
	---------

14. Stocks

	2025	2024
	£	£
Raw materials and consumables	797,594	691,416
	---------	---------

15. Debtors

	2025	2024
	£	£
Trade debtors	1,392,288	1,326,209
Amounts owed by group undertakings	11,898,220	10,061,361
Prepayments and accrued income	160,520	405,941
Directors loan account	3,205	3,205
Other debtors	114,729	41,938
	-------------	-------------
	13,568,962	11,838,654
	-------------	-------------

16. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	817,478	770,033
Accruals and deferred income	293,521	495,250
Corporation tax	518,066	282,996
Social security and other taxes	198,800	165,579
Other creditors	66,705	64,002
	------------	------------
	1,894,570	1,777,860
	------------	------------

17. Provisions

	Deferred tax (note 18)
	£
At 1 April 2024	298,423
Additions	119,654
	---------
At 31 March 2025	418,077
	---------

18. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 17)	418,077	298,423
	---------	---------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	418,077	298,423
	---------	---------

19. Employee benefits

Defined contribution plans

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 640,226 (2024: £ 605,635 ).

20. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	10,000	10,000	10,000	10,000
	--------	--------	--------	--------

21. Capital commitments

Capital expenditure contracted for but not provided for in the financial statements is as follows:

	2025	2024
	£	£
Tangible assets	–	250,000
	----	---------

22. Directors' advances, credits and guarantees

At the start of the year Director A owed £3,205 to the company. The balance remained unchanged. No interest has been charged and the loan is repayable on demand.

23. Related party transactions

During the year rent was paid to a director totalling £84,000 (2024 - £84,000). During the year commercial sales were made to Future Automation Inc, a company owned by a director totalling £9,959,307 (2024 - £8,421,468). The balance owed to the company at the year end was £632,638 (2024 - £52,317). The company also has an outstanding loan balance of £42,848 (2024 - £42,848) As permitted by FRS 102 section 1.12 the company has taken advantage of the disclosure exemptions available under that standard in relation to related parties. There are no other related party transactions which require disclosure under FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

24. Controlling party

The company is a wholly owned subsidiary of Future Sound and Vision Holdings Limited. The ultimate controlling party is A Williams . Future Sound and Vision Holdings Limited prepare group financial statements. The company's registered office is Building 15 Gateway 1000, Arlington Business Park, Stevenage, Hertfordshire, SG1 2FP.