REGISTERED NUMBER: 04199316 (England and Wales)

GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

FOR

M & M SUPPLIES (UK) PLC

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

6

Report of the Independent Auditors

8

Consolidated Income Statement

11

Consolidated Other Comprehensive Income

12

Consolidated Balance Sheet

13

Company Balance Sheet

14

Consolidated Statement of Changes in Equity

15

Company Statement of Changes in Equity

16

Consolidated Cash Flow Statement

17

Notes to the Consolidated Cash Flow Statement

18

Notes to the Consolidated Financial Statements

19

DIRECTORS:

M R Storey

M P Storey

F Purcell

SECRETARY:

M P Storey

REGISTERED OFFICE:

Eagle House

28 Billing Road

Northampton

Northamptonshire

NN1 5AJ

BUSINESS ADDRESS:

First Avenue

Denbigh West Industrial Estate

Bletchley

Milton Keynes

MK1 1DX

REGISTERED NUMBER:

04199316 (England and Wales)

AUDITORS:

Shaw Gibbs (Audit) Limited, Statutory Auditor

Eagle House

28 Billing Road

Northampton

Northamptonshire

NN1 5AJ

The directors present their strategic report of the company and the group for the year ended 30 June 2025.

REVIEW OF BUSINESS

Overview

While the Group experienced a reduction in both turnover and margins during the financial year, the Board remains proud of the progress made in advancing our core values - community service, inclusion, and responsible business practice. Our commitment to supporting the people and causes of Milton Keynes continues to define who we are and how we operate.

Community and Social Impact

M&M Supplies (UK) PLC is deeply embedded in the heart of Milton Keynes, not only as a local employer but as a committed partner to the community. Our most significant ongoing contribution is our support for the Milton Keynes Food Bank, which operates entirely from our premises.

We provide the Food Bank with dedicated space for their staff, volunteers, hotline services, and warehouse stock, completely free of charge. This partnership enables them to focus their resources entirely on delivering vital food support to individuals and families in need across the region.

Our involvement extends far beyond providing facilities. We maintain an active and hands-on relationship with the Food Bank, hosting regular breakfast meetings with other corporate partners to raise awareness, secure donations, and attract additional funding. Through this collaboration, we play an integral role in ensuring that disadvantaged families in Milton Keynes have access to reliable food supplies and support networks.

This deep-rooted community spirit reflects our origins and our people. The owners of M&M Supplies (UK) PLC grew up locally, attended school just three miles from our warehouse, and have always placed emphasis on employing and supporting local people. We view our staff and their families as part of the extended M&M family, and we remain committed to creating opportunities, promoting wellbeing, and fostering inclusion.

Our inclusive culture is reflected in our workforce: over 25% of our team are living with a disability, a statistic we do not highlight as exceptional but as evidence of our belief that true inclusion should be the norm, not the exception.

In recognition of our ongoing service to the community, our Managing Director was named in the King's Birthday Honours for contributions to the people of Milton Keynes - a proud moment for the entire organisation.

Financial Performance

The year under review saw a decrease in both turnover and profit margins. This was due in part to the resources and focus devoted to our extensive community commitments, alongside wider economic pressures affecting our sector. The Directors acknowledge these challenges but firmly believe that our investment in people, partnerships, and purpose creates long-term value, financially and socially, for the business and the wider community.

We remain confident in the Group's resilience and future prospects, supported by strong local relationships, operational stability, and a dedicated workforce.

Future Outlook

Looking ahead, the Board intends to maintain its dual focus on sustainable business growth and meaningful community impact. We will continue to review our cost structures, explore new market opportunities, and strengthen our commercial partnerships, while never compromising on the social values that have defined M&M Supplies since its inception.

CREDITOR PAYMENT POLICY

It is the policy of the Group to agree terms of payment with individual suppliers and abide by those terms. Throughout the year the Group met its financial obligations.

PRINCIPAL RISKS AND UNCERTAINTIES

The Group's operations expose it to a variety of risks which are continually assessed and managed. The principle risks are set out below.

Business risk

The products and services supplied by the Group are generally those required for everyday living and thus the business should not be adversely affected by a downturn in the economy. The business is dependent upon obtaining goods from suppliers, which requires the Group to work in alliance with suppliers achieving their specific market objectives.

Credit risk

The group provides credit terms to certain customers but only those meeting strict financial criteria and only after extensive financial due diligence. All other customers pay on pro-forma invoice, prior to delivery.

Foreign Currency

The Group buys and sells mainly in Sterling but also in Euro. The Group minimises the risk of foreign exchange losses by ensuring that Euro assets (cash and debtors) are continually matched with Euro liabilities (creditors) or by keeping any exposure to a minimum.

Going Concern

The Group is long established with substantial financial reserves and good cash flows and remains profitable. As a consequence, the directors believe that the Group is well placed to continue as a going concern.

SECTION 172(1) STATEMENT

Section 172(1) of the Companies Act 2006 requires directors to promote the success of the Group for the benefit of its members as a whole, having regard for the following whilst doing so:

(A) THE LIKELY CONSEQUENCES OF ANY DECISION IN THE LONG TERM

The Directors' strategy has long been one of organic growth from internally generated funds, with no external borrowing from outside sources (whether it be through investment or borrowing). The Directors pride themselves on providing a quality business solution within the Fast Moving Consumer Goods (FMCG) discount sector that will bring brand reputation and the needs of the end consumer whilst keeping a strong balance sheet, thus enabling the Group the flexibility to act immediately, without deviating from its principles, should any sensitive opportunities arise. This policy influences all dealings with suppliers and customers, therefore, it is a cornerstone of the Directors driving principles of growth that strong long-term relationships are developed and maintained, never over promising and walking away from opportunities should they not appropriately fit strategy.

(B) THE INTERESTS OF THE COMPANY'S EMPLOYEES

The Directors recognise that the Groups' most important asset is its employees, without good people the Group would not have the financial stability it has today. Every employee is treated fairly and with the utmost respect, breeding an environment where all employees see each other as equal. The Group pays its employees fairly and offers flexibility where it can. The Directors encourage employees to be open and honest and speak up if they are experiencing any difficulties, whether it be in a professional or private capacity, helping alleviate any issues wherever possible. The Groups' extremely low staff turnover is testament to the hard work that the Directors put in to foster a safe, inclusive and rewarding working environment.

(C) THE NEED TO FOSTER THE COMPANY'S BUSINESS RELATIONSHIPS WITH SUPPLIERS, CUSTOMERS AND OTHERS

Reflecting the Groups' values relies upon having mutually beneficial relationships with its suppliers and customers. The Directors believe that it be more than monetary value that relationships be built upon, but more importantly on honesty, quality and reliability of service provided. The Directors have embraced ISO 9001:2015 accreditation as a basis to ensure that consistency of service is provided at all levels throughout the Group.

(D) THE IMPACT OF THE COMPANY'S OPERATIONS ON THE COMMUNITY AND THE ENVIRONMENT

The Directors are committed to make a difference within the local community, extending out of its usual business operations to provide assistance to the local food bank. The Group has worked determinedly to setup a new initiative providing work-based training for adults with learning difficulties through collaboration with a local charity. The has not only provided real world experience for the trainees, but it has also resulted, in certain instances, in permanent employment within the group.

(E) THE DESIRABILITY OF THE COMPANY MAINTAINING A REPUTATION FOR HIGH STANDARDS OF BUSINESS CONDUCT

The Group has built up a strong reputation as being honest and reliable within its industry over its many years of trading. Current reputation is never taken for granted, however, and the Directors continue to strive for excellence to enhance the reputation of the Group for reliability, honesty, quality and competency. The Directors communicate this with employees, setting out guiding principles of conduct expected to enable a reputation of brilliance within its industry for these aforementioned qualities. There is a zero-tolerance approach throughout the Group to fraud corruption and bribery which is made clear at the start of any business relationship, and should any potential suspicions or irregularities arise, they will be communicated internally and investigated accordingly.

(F) THE NEED TO ACT FAIRLY AS BETWEEN MEMBERS OF THE COMPANY

After taking into consideration all relevant factors, the directors consider which course of action best aligns with the values and policies in place to enable delivery of the Groups' strategy for the long term. The Directors seek to always act fairly between the members and wider stakeholders, however recognise that there could be potentially rare occasions that certain stakeholder interest may not be fully aligned with the specific guiding principles of the Group in making a certain decision. It is in these circumstances that the Directors are steadfast in their decision making and will not deviate from core values, sticking to principles, communicating the reasoning behind the decision wherever necessary.

FINANCIAL KEY PERFORMANCE INDICATORS

Key performance indicators for the group are as follows:

2025

2024

£

£

Group turnover for the year

15,042,541

17,327,855

Group profit for the year before tax

1,608,008

2,111,800

Total comprehensive income attributable to the parent

1,164,106

1,526,451

Shareholders' funds at the year end attributable to the parent

1,433,766

1,397,063

Cash at Bank and in hand

1,327,823

747,116

SIGNED BY ORDER OF THE DIRECTORS:

M P Storey - Director

11 December 2025

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

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of traders in confectionary, grocery, beverage, household, pet care and personal care products, chilled and frozen foods and "over the counter" drugs.

DIVIDENDS

The total distribution of dividends for the year ended 30 June 2025 will be £1,127,403 (2024: £1,744,694).

DIRECTORS

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

M R Storey

M P Storey

F Purcell

DISCLOSURE IN THE STRATEGIC REPORT

The Group has disclosed in the Strategic report the following:

located in the Section 172(1) statement

- (A) likely future developments in the business in the company

- (B) interests of the company's employees

- (C) the need to foster the company's business relationships with suppliers, customer and others

- Business risk

- Credit risk

- Foreign currency risk

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group 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 the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

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

-	state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

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

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group 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 group'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 group's auditors are aware of that information.

AUDITORS

The auditors, Shaw Gibbs (Audit) Limited, Statutory Auditor, will be proposed for re-appointment at the forthcoming Annual General Meeting.

SIGNED BY ORDER OF THE DIRECTORS:

M P Storey - Director

11 December 2025

Opinion

We have audited the financial statements of M & M Supplies (UK) Plc (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 June 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, 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 group's and of the parent company affairs as at 30 June 2025 and of the group's 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 group 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 group's and the parent 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 Group 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 Group 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 Group 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 group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company 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 six, 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 group's and the parent 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 group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

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

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

We 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 we considered in this context were the Companies Act 2006, United Kingdom Generally Accepted Accounting Practice and relevant Taxation legislation

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be the override of controls by management, and the understatement of revenue. Our audit procedures to respond to these risks included enquiries of management about their own identification and assessment of the risks of irregularities, sample testing on the posting of journals, reviewing meeting minutes, regulatory correspondence and professional fees, detailed substantive testing on the completeness of income, and reviewing accounting estimates for biases.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

These inherent limitations are particularly significant in the case of misstatement resulting from fraud as this may involve sophisticated schemes designed to avoid detection, including deliberate failure to record transactions, collusion or the provision of intentional misrepresentations.

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.

Robyn Liddell (Senior Statutory Auditor)

for and on behalf of Shaw Gibbs (Audit) Limited, Statutory Auditor

Eagle House

28 Billing Road

Northampton

Northamptonshire

NN1 5AJ

23 December 2025

TURNOVER

5

15,042,541

17,327,855

Cost of sales

12,094,833

13,883,122

GROSS PROFIT

2,947,708

3,444,733

Distribution costs

113,786

78,423

Administrative expenses

1,276,028

1,302,906

1,389,814

1,381,329

1,557,894

2,063,404

Other operating income

6

26,459

10,000

OPERATING PROFIT

8

1,584,353

2,073,404

Interest receivable and similar income

10

23,655

39,450

1,608,008

2,112,854

Interest payable and similar expenses

11

-

1,054

PROFIT BEFORE TAXATION

1,608,008

2,111,800

Tax on profit

12

452,878

585,967

PROFIT FOR THE FINANCIAL YEAR

1,155,130

1,525,833

Profit attributable to:

Owners of the parent

1,155,130

1,525,833

PROFIT FOR THE YEAR

1,155,130

1,525,833

OTHER COMPREHENSIVE INCOME

Foreign subsidiary exchange difference

11,968

823

Income tax relating to other comprehensive income

(2,992

)

(205

)

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

8,976

618

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,164,106

1,526,451

Total comprehensive income attributable to:

Owners of the parent

1,164,106

1,526,451

FIXED ASSETS

Tangible assets

15

149,379

213,652

Investments

16

-

-

149,379

213,652

CURRENT ASSETS

Stocks

17

240,681

631,599

Debtors

18

1,501,675

1,990,009

Cash at bank

19

1,327,823

747,116

3,070,179

3,368,724

CREDITORS

Amounts falling due within one year

20

1,748,447

2,131,739

NET CURRENT ASSETS

1,321,732

1,236,985

TOTAL ASSETS LESS CURRENT LIABILITIES

1,471,111

1,450,637

PROVISIONS FOR LIABILITIES

24

37,345

53,574

NET ASSETS

1,433,766

1,397,063

CAPITAL AND RESERVES

Called up share capital

25

55,555

55,555

Share premium

26

145,496

145,496

Retained earnings

26

1,232,715

1,196,012

SHAREHOLDERS' FUNDS

1,433,766

1,397,063

The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2025 and were signed on its behalf by:

M P Storey - Director

FIXED ASSETS

Tangible assets

15

149,379

213,652

Investments

16

4,442

888

153,821

214,540

CURRENT ASSETS

Stocks

17

240,681

631,599

Debtors

18

1,498,410

1,984,458

Cash at bank

19

1,268,934

638,789

3,008,025

3,254,846

CREDITORS

Amounts falling due within one year

20

1,834,058

2,316,775

NET CURRENT ASSETS

1,173,967

938,071

TOTAL ASSETS LESS CURRENT LIABILITIES

1,327,788

1,152,611

PROVISIONS FOR LIABILITIES

24

37,345

53,368

NET ASSETS

1,290,443

1,099,243

CAPITAL AND RESERVES

Called up share capital

25

55,555

55,555

Share premium

26

145,496

145,496

Retained earnings

26

1,089,392

898,192

SHAREHOLDERS' FUNDS

1,290,443

1,099,243

Company's profit for the financial year

1,318,603

1,314,227

The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2025 and were signed on its behalf by:

M P Storey - Director

F Purcell - Director

Called up

share

Retained

Share

Total

capital

earnings

premium

equity

£

£

£

£

Balance at 1 July 2023

55,555

1,414,255

145,496

1,615,306

Changes in equity

Dividends

-

(1,744,694

)

-

(1,744,694

)

Total comprehensive income

-

1,525,833

-

1,525,833

Foreign subsidiary exchange

-

618

-

618

Balance at 30 June 2024

55,555

1,196,012

145,496

1,397,063

Changes in equity

Dividends

-

(1,127,403

)

-

(1,127,403

)

Total comprehensive income

-

1,155,130

-

1,155,130

Foreign subsidiary exchange

-

8,976

-

8,976

Balance at 30 June 2025

55,555

1,232,715

145,496

1,433,766

Called up

share

Retained

Share

Total

capital

earnings

premium

equity

£

£

£

£

Balance at 1 July 2023

55,555

1,328,659

145,496

1,529,710

Changes in equity

Dividends

-

(1,744,694

)

-

(1,744,694

)

Total comprehensive income

-

1,314,227

-

1,314,227

Balance at 30 June 2024

55,555

898,192

145,496

1,099,243

Changes in equity

Dividends

-

(1,127,403

)

-

(1,127,403

)

Total comprehensive income

-

1,318,603

-

1,318,603

Balance at 30 June 2025

55,555

1,089,392

145,496

1,290,443

Cash flows from operating activities

Cash generated from operations

1

2,064,334

1,794,399

Interest paid

-

(1,054

)

Tax paid

(346,527

)

(931,994

)

Taxation refund

-

(122,955

)

Net cash from operating activities

1,717,807

738,396

Cash flows from investing activities

Purchase of tangible fixed assets

(4,436

)

(3,704

)

Sale of tangible fixed assets

-

1,201

Interest received

23,655

39,450

Net cash from investing activities

19,219

36,947

Cash flows from financing activities

Amount introduced by directors

-

9,688

Amount withdrawn by directors

(28,916

)

-

Equity dividends paid

(1,127,403

)

(1,744,694

)

Net cash from financing activities

(1,156,319

)

(1,735,006

)

Increase/(decrease) in cash and cash equivalents

580,707

(959,663

)

Cash and cash equivalents at beginning of year

2

747,116

1,706,779

Cash and cash equivalents at end of year

2

1,327,823

747,116

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

2025

2024

£

£

Profit for the financial year

1,155,130

1,525,833

Depreciation charges

66,308

71,162

Loss on disposal of fixed assets

2,402

1,627

Other net comprehensive income

8,976

822

Finance costs

-

1,054

Finance income

(23,655

)

(39,450

)

Taxation

452,878

585,967

1,662,039

2,147,015

Decrease in stocks

390,918

501,906

Decrease in trade and other debtors

362,922

31,281

Decrease in trade and other creditors

(351,545

)

(885,803

)

Cash generated from operations

2,064,334

1,794,399

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 June 2025

30/6/25

1/7/24

£

£

Cash and cash equivalents

1,327,823

747,116

Year ended 30 June 2024

30/6/24

1/7/23

£

£

Cash and cash equivalents

747,116

1,706,779

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1/7/24

Cash flow

At 30/6/25

£

£

£

Net cash

Cash at bank and in hand

747,116

580,707

1,327,823

747,116

580,707

1,327,823

Total

747,116

580,707

1,327,823