REGISTERED NUMBER: 01325080 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 March 2025

for

Ashleighsigns Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Statement of Comprehensive Income

10

Balance Sheet

11

Statement of Changes in Equity

12

Notes to the Financial Statements

13

DIRECTORS:

Mr T A Sadler

Mrs A E Sadler

Ms H R E Duczenko

SECRETARY:

Mrs A E Sadler

REGISTERED OFFICE:

Ashleigh House Beckbridge Road

Normanton Industrial Estate

Normanton

West Yorkshire

WF6 1TE

REGISTERED NUMBER:

01325080 (England and Wales)

AUDITORS:

S&W Audit

Statutory Auditor

Chartered Accountants

3rd Floor

56 Wellington Street

Leeds

West Yorkshire

LS1 2EE

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

PRINCIPAL ACTIVITY

The principal activity of the company is the Design, Manufacture and Installation of Signage across a wide range of business sectors throughout the UK and Europe.

BUSINESS REVIEW AND FUTURE OUTLOOK

Following the past few years of sustainable growth, the directors are delighted to announce that trend has continued to March 2025, with turnover exceeding £25m (2025: £25.3m 2024: £22.1m). Through careful management and leadership, we are pleased to report satisfactory profit before tax for the financial year of £2.567m (2024: £1.586m) which is a very strong indication of Ashleigh Sign's position in the marketplace as one of the UK leading sign manufacturers.

The continued operation across several diverse business sectors has provided stability and security, and expansion into the German and Irish markets has enabled us to achieve further growth and increased performance. Ongoing retention of key well-known blue-chip clients, who have been with us for many years, with the addition of many new clients, are a testament to the resilience, dedication, and expertise of our workforce.

Investment into the business and employees has also continued. The company's bespoke manufacturing system has been further developed to ensure the highest levels of quality, efficiency and customer service are maintained. Further investment in the state-of-the-art premises and manufacturing facility, has ensured the company has remained competitive within the marketplace.

PRINCIPAL RISKS AND UNCERTAINTIES

ECONOMIC RISK

Economic uncertainty surrounding the worldwide supply of raw materials eased during the year, which enabled our clients to increase their levels of activity during the period. Being one of the UK's largest Signage Manufacturers', Ashleigh Signs were very well positioned to assist our clients with their increasing investment programmes.

Despite the increases in material, energy & labour prices, we are delighted to present an improvement in GP to 46.63% (2024: 45.25%), which is a testament to our robust internal controls and buying policies.

With further signs of recovery and optimism in the economy, we are confident these upward trends will continue to be recognised.

CREDIT RISK

Many of the company's customers are long standing and this, along with robust credit checking policies and procedures in respect of all new customers, has helped to mitigate the level of credit risk.

LIQUIDITY RISK

The company monitors a number of internal and external KPI's with a key focus on cash generation from operating activities which has increased during the year.

FUTURE DEVELOPMENTS

The start of this financial year has been very encouraging with Ashleigh on course to at least maintain our current levels of profitability. The order book for the next year remains robust and healthy and we are excited by the addition of new blue-chip clients to our customer base. Management remains positive that with their diverse portfolio of clients, coupled with an exceptional workforce, the company will continue to grow into the future with the vision of being the UK's leading choice for Signage.

SUMMARY

Despite the challenges we faced, 2024/25 was a successful and profitable year, which further demonstrates our strength within the market. The company continues to improve in efficiency and competitiveness by investing in fixed assets, facilities, and the development of staff with a view to increased growth, which has been demonstrated in the financial statements over the past number of years. Costs are constantly reviewed and managed to improve margins and profitability, with emphasis being placed on employee retention, which is very strong, as well as stakeholder relationships. The year to March 2026 is ahead of the YTD figures from last and we expect to see that trend continue throughout the financial year.

MANAGING DIRECTOR'S STATEMENT

I am please to present the Managing Director's statement for the financial year ended 31 March 2025 - a year in which Ashleighsigns delivered record performance, strengthened its operational foundations, and positioned itself fir the nest phase of strategic growth.

FY25 was our strongest year on record, with turnover exceeding £25 million and profit before tax rising to £2.57 million. These results reflect not only the sustained recovery, resilience and professionalism across our business. Crucially, our gross profit margin improved again this year to 46.63%,driven by disciplined cost management, process improvements, quality control and our teams imbedded craftsmanship.

We continued to deliver across multiple sectors, retaining long standing blue-chip clients while securing new relationships across the UK and Europe. The expansions of our operations across Ireland and Germany has demonstrated our ability to compete, deliver and support organisations with multi-site operational demands. This year also saw the strengthening of our position within key national programmes, reinforcing Ashleighsigns as one of the UK'S most trusted provider of signage design, manufacture and installation.

Our ability to deliver at scale has been underpinned by continued investment in our people, system and facilities. Throughout FY25, we upgraded equipment, improved workflows and invested in training, leadership development and staff retention. This year we also made significant progress in modernizing our manufacturing systems and digital infrastructure, enabling improved transparency, quality assurance and production efficiency. These investments remain central to our long-term strategy and our ambition to build UK's leading , most dependable signage business.

Alongside operational gains, we strengthened safety performance, enhanced compliance and deepened our internal culture of ownership, accountability and service. Ashleighsigns remains a people - centered business and our success continuous to be driven by the dedication, skill and character of our workforce. Our employees - many of whom have built their entire careers with Ashleigh - are the backbone of the our reputation and standard-bearers of our craft.

This year ahead has started strongly, with Q1 posting record revenue. Our order book remains robust, supported by sustained activity in hospitality, retail, energy and forecourts, including new opportunities with major UK programmes. We continue to focus on growth, operational excellence, and remaining the highest standards of quality and service that our clients expect. With our diversified portfolio, exceptional workforce and strong financial position, we are confident in our future and in our ability to take Ashleighsigns in to its next chapter of growth.

I want to thank our team, clients, suppliers and partners for their continued support and commitment. Together we have delivered another successful year and laid the foundations for long-term, sustainable growth.

ON BEHALF OF THE BOARD:

Mr T A Sadler - Director

17 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 is £2,515,036.

DIRECTORS

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

Mr T A Sadler

Mrs A E Sadler

Ms H R E Duczenko

Other changes in directors holding office are as follows:

Mr A S Bedford ceased to be a director after 31 March 2025 but prior to the date of this report.

DONATIONS

Charitable donations of £82,196 (2024: £26,726) were made during the year.

FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES

The Company holds or issues financial instruments in order to achieve three main objectives, being:

(a) to finance its operations;

(b) to manage its exposure to interest and currency risks arising from its operations and from its sources of finance; and

(c) for trading purposes.

In addition, various financial instruments (e.g. trade debtors, trade creditors, accruals and prepayments) arise directly from the Company's operations.

Transactions in financial instruments result in the Company assuming or transferring to another party one or more of the financial risks described below.

Credit risk

The Company monitors credit risk closely and considers that its current policies of credit checks meets its objectives of managing exposure to credit risk.

The Company has no significant concentrations of credit risk. Amounts shown in the balance sheet best represent the maximum credit risk exposure in the event other parties fail to perform their obligations under financial instruments.

DISCLOSURE IN THE STRATEGIC REPORT

Disclosures with regard to review of the business, principal risks and uncertainties, key performance indicators and future plans are included in the strategic report.

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, S&W Audit (a trading name of S&W Partners Audit Limited), will be proposed for re-appointment at the forthcoming Annual General Meeting in accordance with section 485 of the Companies Act 2006.

ON BEHALF OF THE BOARD:

Mr T A Sadler - Director

17 December 2025

Opinion

We have audited the financial statements of Ashleighsigns Limited (the 'company') for the year ended 31 March 2025 which comprise the Statement of 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 other information comprises the information included in the Strategic Report, Report of the Directors and Financial Statements, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the Strategic Report, Report of the Directors and Financial Statements. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. 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 course of 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 five, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

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

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

We obtained a general understanding of the Company's legal and regulatory framework through enquiry of management concerning their understanding of relevant laws and regulations, the entity's policies and procedures regarding compliance, and how they identify, evaluate and account for litigation claims. We also drew on our existing understanding of the Company's industry and regulation.

We understand that the Company complies with the framework through:

- Outsourcing accounts preparation and tax compliance to external experts.

- Subscribing to relevant updates from external experts, and making changes to internal procedures and controls as necessary.

- The Directors' close involvement in the day-to-day running of the business, meaning that any litigation or claims would come to their attention directly.

In the context of the audit, we considered those laws and regulations which determine the form and content of the financial statements, which are central to the Company's ability to conduct its business, and/or where there is a risk that failure to comply could result in material penalties. We identified the following laws and regulations as being of significance in the context of the Company:

- The Companies Act 2006 and FRS 102 in respect of the preparation and presentation of the financial statements.

- UK Taxation Law

We performed the following specific procedures to gain evidence about compliance with the significant laws and regulations identified above:

- Made enquiries of management regarding compliance with laws and regulations and any known non-compliance in the year

- Obtained written management representations regarding the adequacy of procedures in place.

- Reviewed legal expense accounts

The senior statutory auditor led a discussion with senior members of the engagement team regarding the susceptibility of the entity's financial statements to material misstatement, including how fraud might occur. The areas identified in this discussion were:

- Manipulation of the financial statements via fraudulent manual journal entries.

- Incorrect recognition of revenue.

The procedures we carried out to gain evidence in the above areas included:

- Testing of manual journal entries, selected based on specific risk assessments applied based on the client processes and controls surrounding manual journals

- Testing a sample of revenue transactions to underlying documentation, including ensuring revenue is recognised in the correct period and has occurred.

Overall, the senior statutory auditor was satisfied that the engagement team collectively had the appropriate competence and capabilities to identify or recognise irregularities.

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.

Matthew Barton BA (Hons) FCA CTA (Senior Statutory Auditor)

for and on behalf of S&W Audit

Statutory Auditor

Chartered Accountants

3rd Floor

56 Wellington Street

Leeds

West Yorkshire

LS1 2EE

17 December 2025

TURNOVER

25,307,052

22,117,679

Cost of sales

13,505,002

12,109,332

GROSS PROFIT

11,802,050

10,008,347

Administrative expenses

8,799,611

8,456,272

OPERATING PROFIT

7

3,002,439

1,552,075

Interest receivable and similar income

8

8,384

37,782

3,010,823

1,589,857

Interest payable and similar expenses

9

-

3,054

PROFIT BEFORE TAXATION

3,010,823

1,586,803

Tax on profit

10

423,735

73,750

PROFIT FOR THE FINANCIAL YEAR

2,587,088

1,513,053

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

2,587,088

1,513,053

FIXED ASSETS

Intangible assets

12

-

11,929

Tangible assets

13

932,997

918,952

932,997

930,881

CURRENT ASSETS

Stocks

14

862,831

747,031

Debtors

15

6,378,770

6,787,909

Cash at bank and in hand

4,613,612

4,217,099

11,855,213

11,752,039

CREDITORS

Amounts falling due within one year

16

3,589,538

3,421,251

NET CURRENT ASSETS

8,265,675

8,330,788

TOTAL ASSETS LESS CURRENT LIABILITIES

9,198,672

9,261,669

PROVISIONS FOR LIABILITIES

17

297,589

432,638

NET ASSETS

8,901,083

8,829,031

CAPITAL AND RESERVES

Called up share capital

18

64,000

64,000

Share premium

19

2,975

2,975

Capital redemption reserve

19

61,000

61,000

Retained earnings

19

8,773,108

8,701,056

SHAREHOLDERS' FUNDS

8,901,083

8,829,031

The financial statements were approved by the Board of Directors and authorised for issue on 17 December 2025 and were signed on its behalf by:

Mr T A Sadler - Director

Called up

Capital

share

Retained

Share

redemption

Total

capital

earnings

premium

reserve

equity

£

£

£

£

£

Balance at 1 April 2023

64,000

7,188,003

2,975

61,000

7,315,978

Changes in equity

Total comprehensive income

-

1,513,053

-

-

1,513,053

Balance at 31 March 2024

64,000

8,701,056

2,975

61,000

8,829,031

Changes in equity

Dividends

-

(2,515,036

)

-

-

(2,515,036

)

Total comprehensive income

-

2,587,088

-

-

2,587,088

Balance at 31 March 2025

64,000

8,773,108

2,975

61,000

8,901,083

1.	STATUTORY INFORMATION

Ashleighsigns Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Going concern

The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information in making their assessment. Based on these assessments, given the measures that could be undertaken to mitigate the current conditions, and the current resources available, the Directors have concluded as per the Strategic report that they can continue to adopt the going concern basis in preparing the annual report and accounts.

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 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).

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Tangible fixed assets under the cost model, other than investment properties, are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets using the reducing balance method.

Depreciation is provided on the following basis:

Motor vehicles - 25% reducing balance basis

Plant and machinery - 25% reducing balance basis

Other tangibles - 25% reducing balance basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the statement of comprehensive income.

Stocks

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

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in the profit or loss.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

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 balance sheet date.

Deferred tax

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

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

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

Foreign currencies

The Company's functional and presentational currency is GBP (£).

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Nonmonetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income except when deferred in other comprehensive income as qualifying cash flow hedges.

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.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term creditors are measured at the transaction price.

Provision for liabilities

Provisons are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into accounts relevant risks and uncertainties.

When payments are eventually made, they are charge to the provision carried in the balance sheet.

Finance costs

Finance costs are charged to the statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

Interest income

Interest income is recognised in the statement of comprehensive income using the effective interest method.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employee benefits

Short term employee benefits, including holiday pay and other similar non monetary benefits, are recognised as an expense in the period in which they are incurred.

Government grants

Government grants are recognised using the accruals model. Grants relating to revenue are recognised in the income statement on a systematic basis over the period in which the company recognises the related costs for which the grants is intended to compensate.

4.	CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

Preparation of the financial statements requires management to make significant judgments and estimates. The items in the financial statements where these key judgments and estimates have been made include the remedial works provision.

5.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

6,012,884

5,327,505

Social security costs

625,892

549,796

Other pension costs

326,868

349,843

6,965,644

6,227,144

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

2025

2024

Production

90

78

Administration and support

44

43

Sales

25

23

Directors

4

4

163

148

6.	DIRECTORS' EMOLUMENTS

2025

2024

£

£

Directors' remuneration

295,034

295,523

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

Money purchase schemes

2

-

Information regarding the highest paid director is as follows:

2025

2024

£

£

2025

2024

£

£

Directors' remuneration

270,234

295,523

Directors' pension

117,828

162,478

The highest paid director received remuneration of £112,099 (2024: £113,776).

Company contributions to defined contribution pension schemes in respect of the highest paid director amount to £64,000 (2024: £50,000).

2 directors received pension during the year.

7.	OPERATING PROFIT

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

2025

2024

£

£

Depreciation - owned assets

284,163

296,848

Loss/(profit) on disposal of fixed assets

7,140

(3,953

)

Goodwill amortisation

11,929

71,604

Auditors' remuneration

9,500

9,000

Foreign exchange differences

5,223

(12,038

)

8.

INTEREST RECEIVABLE AND SIMILAR INCOME

2025

2024

£

£

Deposit account interest

8,384

37,782

9.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Other interest payable

-

3,054

10.

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

483,884

135,757

Adjustments in respect of

previous periods

-

(354,415

)

Total current tax

483,884

(218,658

)

Deferred tax

(60,149

)

292,408

Tax on profit

423,735

73,750

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

3,010,823

1,586,803

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

752,706

396,701

Effects of:

Expenses not deductible for tax purposes

9,011

31,714

Adjustments to tax charge in respect of previous periods

-

(354,665

)

Group Relief surrendered/(claimed)

(724

)

-

Movement in deferred tax not recognised

(337,257

)

-

Rounding

(1

)

-

Total tax charge

423,735

73,750

11.

DIVIDENDS

2025

2024

£

£

Ordinary shares of £1 each

Interim

2,515,036

-

12.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

358,000

AMORTISATION

At 1 April 2024

346,071

Amortisation for year

11,929

At 31 March 2025

358,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

11,929

13.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

425,810

2,610,790

591,868

3,628,468

Additions

14,740

162,150

142,000

318,890

Disposals

-

(7,234

)

(71,276

)

(78,510

)

At 31 March 2025

440,550

2,765,706

662,592

3,868,848

DEPRECIATION

At 1 April 2024

279,750

2,144,357

285,409

2,709,516

Charge for year

37,195

139,910

107,058

284,163

Eliminated on disposal

-

(6,777

)

(51,051

)

(57,828

)

At 31 March 2025

316,945

2,277,490

341,416

2,935,851

NET BOOK VALUE

At 31 March 2025

123,605

488,216

321,176

932,997

At 31 March 2024

146,060

466,433

306,459

918,952

14.

STOCKS

2025

2024

£

£

Stocks

862,831

747,031

15.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

5,171,998

4,657,457

Other debtors

237,309

65,256

Amounts owed by related

parties

677,765

1,003,915

Directors' loan accounts

58,785

848,213

Prepayments and accrued income

232,913

213,068

6,378,770

6,787,909

16.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,564,711

1,438,964

Amounts owed to group undertakings

8,975

541,428

Tax

461

10,757

Social security and other taxes

895,529

678,908

Other creditors

362,130

287,617

Directors' loan accounts

112,537

-

Accruals and deferred income

645,195

463,577

3,589,538

3,421,251