REGISTERED NUMBER: 07188398 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 30 June 2025

for

Dynamic Metals Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Statement of Comprehensive Income

8

Statement of Financial Position

9

Statement of Changes in Equity

10

Statement of Cash Flows

11

Notes to the Statement of Cash Flows

12

Notes to the Financial Statements

13

DIRECTORS:

B A Excell

N S Bailey

A N Bailey

S J Excell

S M Ambrose

REGISTERED OFFICE:

The Granary

Crowhill Farm

Ravensden Road

Wilden

Bedfordshire

MK44 2QS

BUSINESS ADDRESS:

40 Eden Way

Chartwell Business Park

Leighton Buzzard

Bedfordshire

LU7 4FY

REGISTERED NUMBER:

07188398 (England and Wales)

AUDITORS:

GREGORY WILDMAN

Chartered Accountants

Statutory Auditors

The Granary

Crowhill Farm

Ravensden Road

Wilden

Bedfordshire

MK44 2QS

The directors present their strategic report for the year ended 30 June 2025.

REVIEW OF BUSINESS

As shown in the company's profit and loss account, there has been a 10.97% increase in turnover over the prior year which has resulted in a gross profit of £12,659,865 (2024 - £11,295,270) and a profit on ordinary activities before tax of £5,995,910 (2024 - £5,734,226).

Following the construction of an extension to our main building for our custom-built saw shop in 2024, Dynamic has now consolidated the business activities from multiple small sites into a new custom built 20,000 sq ft building in close proximity to the main building. This has enabled efficiency to increase, created a safer working environment and also provided more space for future growth.

PRINCIPAL RISKS AND UNCERTAINTIES

The company's financial management policies and guidelines are summarised below.

Commodity price risk

Excessive uncertainty over metal prices is a continuing risk for the company. The company mitigates these risks by having a large stock holding of specialist alloys including titanium, nickel based alloys, specialist stainless steels and steels, enabling them to service a wide market by having fast response times in supplying products and by maintaining strong relationships with suppliers.

Credit risk

The company has implemented policies that require appropriate credit checks on potential customers before sales are made. Some of the directors have a personal involvement in building and maintaining relationships with key customers, and the company also uses the services of debt collection in order to minimise credit risk.

Foreign exchange risk

The functional currency is GB sterling. The directors believe that the main risk to the company is from fluctuations in the value of the Euro and US Dollar. The directors monitor exposure to this risk, and where appropriate will consider the use of hedging instruments.

Foreign exchange differences on the revaluation of foreign currency assets and liabilities are taken to the profit and loss account.

Use of derivatives

The company uses foreign currency options to reduce exposure to the variability of foreign exchange rates, by using options to fix the rate of any material payments and receipts in a foreign currency. Hedge accounting is used when certain criteria is met, as explained in the accounting policy note on page 14.

Liquidity and cashflow risk

Liquidity risk is the risk that an entity will encounter difficulty in meeting obligations associated with financial liabilities. The company ensure that there are adequate funds available to meet its operational requirements.

Cash flow risk is the risk of exposure to variability in cash flows that is attributable to a particular risk associated with a recognised asset or liability; the company manages this risk, where significant, by use of derivatives as explained above.

ON BEHALF OF THE BOARD:

A N Bailey - Director

27 November 2025

The directors present their report with the financial statements of the company for the year ended 30 June 2025.

DIVIDENDS

The total distribution of dividends for the year ended 30 June 2025 will be £2,465,333.

FUTURE DEVELOPMENTS

With increased capacity, Dynamic will now be focusing on more growth in Aerospace and also into new markets.

DIRECTORS

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

B A Excell

N S Bailey

A N Bailey

S J Excell

S M Ambrose

GOING CONCERN

The company's business activities, together with the factors likely to affect its future development, its financial position, financial risk management objectives, and its exposures to price, credit and foreign exchange risk are described in the Strategic Report on page 2.

The company has considerable financial resources, together with a large database of customers and suppliers across different geographic areas. As a consequence, the directors believe that the company is well placed to manage its business risks successfully.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.

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 and in accordance with UK GAAP.

Company law required the directors to prepare the financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Report Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

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

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

AUDITORS

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

ON BEHALF OF THE BOARD:

A N Bailey - Director

27 November 2025

Opinion

We have audited the financial statements of Dynamic Metals Limited (the 'company') for the year ended 30 June 2025 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the Statement of Cash Flows, 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 30 June 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 three, 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:

We obtained an understanding of the legal and regulatory frameworks within which the company operates focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations in this context were the Companies Act 2006. We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statements.

We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements and the financial report (including the risk of override of controls) and determined that the principal risks were related to posting inappropriate entries including journals to overstate revenue or understate expenditure and management bias in accounting estimates.

Our audit procedures to respond to these risks, performed by the engagement team, included:

-enquiries of management, and the Directors about their own identification and assessment of the risks of the irregularities, reviewing accounting estimates for biases and reviewing regulatory correspondence;

- Performing audit work over the risk of management override of controls. including test of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias;

- Reviewing financial statement disclosures and testing to supporting documentation to access compliance with applicable laws and regulations;

- We have confirmed the income recognition basis is appropriate, tested a sample of income transactions to confirm completeness, tested a sample of journals to confirm they were appropriate and reviewed areas of judgment for indicators of management bias to address these risks.

Owing to the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation, even though we have properly planned and performed our audit in accordance with auditing standards. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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.

Helen Jones FCA (Senior Statutory Auditor)

for and on behalf of GREGORY WILDMAN

Chartered Accountants

Statutory Auditors

The Granary

Crowhill Farm

Ravensden Road

Wilden

Bedfordshire

MK44 2QS

28 November 2025

TURNOVER

4

34,261,968

30,875,198

Cost of sales

21,602,103

19,579,928

GROSS PROFIT

12,659,865

11,295,270

Administrative expenses

6,683,501

5,521,528

OPERATING PROFIT

6

5,976,364

5,773,742

Interest receivable and similar income

60,394

24,060

6,036,758

5,797,802

Interest payable and similar expenses

8

40,848

63,576

PROFIT BEFORE TAXATION

5,995,910

5,734,226

Tax on profit

9

1,458,111

1,440,396

PROFIT FOR THE FINANCIAL YEAR

4,537,799

4,293,830

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

4,537,799

4,293,830

FIXED ASSETS

Tangible assets

11

1,547,968

1,240,161

CURRENT ASSETS

Stocks

12

10,850,780

8,490,475

Debtors

13

5,170,423

5,597,320

Cash at bank

3,333,910

3,347,491

19,355,113

17,435,286

CREDITORS

Amounts falling due within one year

14

5,533,893

5,273,255

NET CURRENT ASSETS

13,821,220

12,162,031

TOTAL ASSETS LESS CURRENT LIABILITIES

15,369,188

13,402,192

CREDITORS

Amounts falling due after more than one year

15

(151,061

)

(256,448

)

PROVISIONS FOR LIABILITIES

19

(340,368

)

(340,451

)

NET ASSETS

14,877,759

12,805,293

CAPITAL AND RESERVES

Called up share capital

20

1,500

1,500

Retained earnings

21

14,876,259

12,803,793

SHAREHOLDERS' FUNDS

14,877,759

12,805,293

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2025 and were signed on its behalf by:

S M Ambrose - Director

A N Bailey - Director

S J Excell - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 July 2023

1,500

10,950,296

10,951,796

Changes in equity

Dividends

-

(2,440,333

)

(2,440,333

)

Total comprehensive income

-

4,293,830

4,293,830

Balance at 30 June 2024

1,500

12,803,793

12,805,293

Changes in equity

Dividends

-

(2,465,333

)

(2,465,333

)

Total comprehensive income

-

4,537,799

4,537,799

Balance at 30 June 2025

1,500

14,876,259

14,877,759

Cash flows from operating activities

Cash generated from operations

1

4,553,054

6,083,009

Interest paid

(17,028

)

(32,861

)

Interest element of hire purchase payments paid

(23,820

)

(30,715

)

Tax paid

(1,428,859

)

(1,341,127

)

Net cash from operating activities

3,083,347

4,678,306

Cash flows from investing activities

Purchase of tangible fixed assets

(655,347

)

(463,827

)

Sale of tangible fixed assets

6,499

1,946

Interest received

60,394

24,060

Net cash from investing activities

(588,454

)

(437,821

)

Cash flows from financing activities

New loans in year

-

192,379

Loan repayments in year

(79,073

)

(942,237

)

Capital repayments in year

(89,068

)

(80,864

)

Amount withdrawn by directors

125,000

-

Equity dividends paid

(2,465,333

)

(2,440,333

)

Net cash from financing activities

(2,508,474

)

(3,271,055

)

(Decrease)/increase in cash and cash equivalents

(13,581

)

969,430

Cash and cash equivalents at beginning of year

2

3,347,491

2,378,061

Cash and cash equivalents at end of year

2

3,333,910

3,347,491

1.	RECONCILIATION OF PROFIT FOR THE FINANCIAL YEAR TO CASH GENERATED FROM OPERATIONS

30.6.25

30.6.24

£

£

Profit for the financial year

4,537,799

4,293,830

Depreciation charges

271,159

230,799

Loss on disposal of fixed assets

69,885

8,739

Finance costs

40,848

63,576

Finance income

(60,394

)

(24,060

)

Taxation

1,458,111

1,440,396

6,317,408

6,013,280

Increase in stocks

(2,360,305

)

(570,949

)

Decrease in trade and other debtors

426,894

237,550

Increase in trade and other creditors

169,057

403,128

Cash generated from operations

4,553,054

6,083,009

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 30 June 2025

30.6.25

1.7.24

£

£

Cash and cash equivalents

3,333,910

3,347,491

Year ended 30 June 2024

30.6.24

1.7.23

£

£

Cash and cash equivalents

3,347,491

2,378,061

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.7.24

Cash flow

At 30.6.25

£

£

£

Net cash

Cash at bank

3,347,491

(13,581

)

3,333,910

3,347,491

(13,581

)

3,333,910

Debt

Finance leases

(335,308

)

89,068

(246,240

)

Debts falling due within 1 year

(79,073

)

(5,697

)

(84,770

)

Debts falling due after 1 year

(113,306

)

84,770

(28,536

)

(527,687

)

168,141

(359,546

)

Total

2,819,804

154,560

2,974,364

1.	COMPANY INFORMATION

The principal activity of the company in the year under review was that of specialist metal stockholders.

2.	STATUTORY INFORMATION

Dynamic Metals 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.

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

3.	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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods.

Revenue recognition

The following criteria must also be met before revenue is recognised.

Sale of goods

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on dispatch of goods, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

Property, plant and equipment are stated at cost less accumulated depreciation. Such cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all property, plant and equipment, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Improvements to property - on cost over the life of the lease.

Plant and machinery - on reducing balance over 15%.

Fixtures and fittings - on reducing balance over 15%.

Motor vehicles - on reducing balance over 33%.

Computer equipment - on cost over 33.3%.

The carrying value of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making allowance for obsolete and slow moving items. Net realisable value is based on the estimated selling price less any further costs expected to be incurred to completion and disposal.

Stock is valued on actual cost basis.

Deposits paid for stock on consignment represent bulk deposits paid to manufacturers. The company recognises consignment stock in its balance sheet when there has been a substantial transfer of the risks and rewards of ownership. The related liabilities are included in trade creditors.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 statement of financial position date.

Deferred tax

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

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

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

Foreign currencies

Transactions in foreign currencies are initially recorded in the company's functional currency by applying the spot exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the rate of the exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

Derivative instruments

The company uses forward foreign currency contracts to reduce exposure to foreign exchange rates. Derivative financial instruments are initially measured at fair value on the date on which a derivative contract is entered into and are subsequently measured at fair value through profit or loss. Derivatives are carried as assets when the fair value is positive and as liabilities when the fair value is negative.

The fair value of the forward currency contracts is calculated by reference to current forward exchange contracts with similar maturity profiles.

Leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. Lease incentives are recognised over the lease term on a straight line basis.

Pension costs and other post-retirement benefits

The company operated a defined contribution pension scheme for the benefits of its employees. The pension cost charged for the period represents contributions payable by the company to the scheme and amounts to £310,030 (2024 - £105,549).

At the balance sheet date the company had unpaid pension liabilities of £25,248 (2024 - £23,617).

Judgements and key sources of estimation uncertainty

Management estimation is required to determine the amount of deferred tax assets that can be recognised, based upon likely timing and level of future taxable profits together with an assessment of the effect of future tax planning strategies. Further details are contained in note 19.

Impairment of non-financial assets

Where there are indicators of impairment of individual assets the company performs impairment testing based on fair value less costs to sell. The fair value less costs to sell calculation is based on observable market prices less incremental costs for disposing of the asset. If the fair value less costs to sell is less than its carrying amount, the carrying amount of the asset is impaired and it is reduced to its recoverable amount through an impairment in profit and loss.

An impairment loss recognised for all assets is reversed in a subsequent period if and only if the reasons for the impairment loss have ceased to apply.

Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less. For the purpose of the cash flow, cash and cash equivalents consist of cash and cash equivalents as define above, net of outstanding bank overdrafts.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from the impairment are recognised in the income statement in other operating expenses.

4.

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:

30.6.25

30.6.24

£

£

United Kingdom

20,669,536

17,332,577

Europe

9,002,794

11,508,590

United States of America

292,460

37,078

Rest of the world

4,297,178

1,996,953

34,261,968

30,875,198

The company operates within one principal activity, that of specialist metal stockholders.

5.	EMPLOYEES AND DIRECTORS

30.6.25

30.6.24

£

£

Wages and salaries

3,253,969

3,045,205

Social security costs

339,569

314,933

Other pension costs

310,030

105,549

3,903,568

3,465,687

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

30.6.25

30.6.24

Administration

8

7

Sales

24

20

Warehouse

34

34

66

61

30.6.25

30.6.24

£

£

Directors' remuneration

68,113

63,248

Directors' pension contributions to money purchase schemes

180,000

30,000

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

Money purchase schemes

3

3

6.	OPERATING PROFIT

The operating profit is stated after charging:

30.6.25

30.6.24

£

£

Hire of plant and machinery

146,379

90,391

Other operating leases

403,716

241,207

Depreciation - owned assets

156,235

118,502

Depreciation - assets on hire purchase contracts

114,921

112,297

Loss on disposal of fixed assets

69,885

8,739

7.	AUDITORS' REMUNERATION

30.6.25

30.6.24

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

40,000

31,985

Auditors' remuneration for non audit work

63,525

68,226

8.

INTEREST PAYABLE AND SIMILAR EXPENSES

30.6.25

30.6.24

£

£

Bank loan interest

17,028

32,861

Hire purchase interest

23,820

30,715

40,848

63,576

9.

TAXATION

Analysis of the tax charge

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

30.6.25

30.6.24

£

£

Current tax:

UK corporation tax

1,458,194

1,385,278

Deferred tax

(83

)

55,118

Tax on profit

1,458,111

1,440,396

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:

30.6.25

30.6.24

£

£

Profit before tax

5,995,910

5,734,226

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

1,498,978

1,433,557

Effects of:

Expenses not deductible for tax purposes

4,693

5,194

Capital allowances in excess of depreciation

(45,560

)

-

Depreciation in excess of capital allowances

-

1,645

Total tax charge

1,458,111

1,440,396