REGISTERED NUMBER: 07061135 (England and Wales)

Group Strategic Report, Report of the Directors and

Audited Consolidated Financial Statements for the Year Ended 31 March 2025

for

Day Webster Limited

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

7

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:

H W Woods Ballard

D J Wise

W A St John

S Lane

SECRETARY:

Mrs R L Woods Ballard

REGISTERED OFFICE:

Treviot House

186-192 High Road

Ilford

Essex

IG1 1LR

REGISTERED NUMBER:

07061135 (England and Wales)

AUDITORS:

Gravita Essex Limited

Chartered Certified Accountants and

Statutory Auditors

Treviot House

186-192 High Road

Ilford

Essex

IG1 1LR

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

REVIEW OF BUSINESS

The directors consider the following traditional measures to be the key financial performance indicators;

2025

2024

Change %

Turnover

78,466,531

121,280,092

-35%

Gross profit

10,471,191

13,937,336

-25%

Profit after tax

528,608

773,253

-31%

Retained earnings

4,266,780

5,034,352

-15%

Current assets as a % of current liabilities

147.93%

127.68%

15%

During the financial year ended 31 March 2025, Day Webster Ltd continued to operate in an increasingly challenging trading environment. Turnover decreased by 35% to £78.5m (2024: £121.3m), reflecting a significant contraction in demand across NHS agency staffing frameworks following the continued enforcement of NHS England Agency Rules. Despite this reduction in revenue, the company maintained a focus on operational efficiency and margin discipline, achieving a gross margin of 13.34% (2024: 11.49%).

Gross profit consequently fell to £10.47m (2024: £13.94m), a reduction of 25%, although this was proportionately less severe than the reduction in revenue due to improved margin performance. Administrative expenses decreased to £9.85m (2024: £13.05m), reflecting continued restructuring efforts and ongoing cost-base optimisation.

Operating profit for the year was £0.63m (2024: £0.89m), and profit before tax amounted to £0.68m (2024: £0.92m). Profit after tax totalled £0.53m, compared with £0.77m in the prior year. Net assets decreased to £4.27m (2024: £5.03m), reflecting reduced profitability and the impact of the shifting regulatory and market environment. Despite this reduction, the company maintains a solid financial base and continues to operate with prudent financial stewardship.

PRINCIPAL RISKS AND UNCERTAINTIES

Regulatory pressures remain the most significant external risk facing the business. NHS England's Agency Rules, tightened further during the year, continue to reduce demand for agency staff. As NHS trusts improve compliance and shift towards alternative staffing models, volatility in demand may persist throughout FY2526.

Political and economic factors also present risk. While the Government has outlined ambitious plans for NHS reform and investment, the directors do not currently expect these measures to result in a material increase in agency staffing demand in the short to medium term. Wage inflation, competition within the sector, and continuing pressure on trust budgets further contribute to uncertainty.

SECTION 172(1) STATEMENT

In accordance with Section 172(1) of the Companies Act 2006, the directors confirm that they have acted in a manner they consider, in good faith, would promote the long-term success of the company for the benefit of its members as a whole. In making decisions throughout the year, the directors carefully considered the interests of key stakeholders, including employees, NHS clients, suppliers, and the wider community.

The restructuring programme initiated in the prior year continued through FY2425 with close regard to the impact on staff welfare, operational continuity, and service quality. Consultation processes were conducted respectfully and transparently, with efforts made to retain critical skills while ensuring the company remained financially sustainable.

The directors also considered the long-term implications of NHS regulatory changes when developing the company's revised operational strategy. Engagement with clients and framework operators ensured that compliance obligations were met while maintaining high service standards. Environmental impact, business relationships, and the company's reputation for integrity and reliability were also taken into account when forming decisions.

Overall, the board remains committed to responsible governance, sustainable development, and maintaining the trust of all those who rely on the company.

FUTURE DEVELOPMENTS

The company will complete the final phase of its restructuring programme in FY2526. This will result in a streamlined cost base aligned with current trading conditions and provide a stable foundation for future growth.

Despite the challenging regulatory environment, the directors have identified specialist areas within healthcare staffing that continue to offer pockets of opportunity. Selective investment will be directed towards these niches, complemented by ongoing improvements in digital systems and data-driven allocation tools to support efficiency and client engagement.

The board maintains a cautious outlook but remains confident that the strategic actions taken will enable the business to operate competitively and sustainably under the revised NHS landscape.

RESEARCH AND DEVELOPMENT

Innovation continues to be a core strategic focus for the company. Development efforts during the year centred on enhancing internal systems, improving automation, and exploring new opportunities to support a leaner operating model. Investment in technological capabilities will remain a priority, enabling the company to strengthen service delivery, improve productivity, and respond effectively to evolving market expectations.

FINANCIAL INSTRUMENTS

The group has a normal level of exposure to price, credit, liquidity, and cash flow risks arising from trading activities which are only conducted in sterling. The group does not enter into any hedging transactions.

ON BEHALF OF THE BOARD:

W A St John - Director

23 December 2025

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

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of medical & educational recruitment

DIVIDENDS

The total distribution of dividend for the year ended 31 March 2025 was £1,296,180.

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS

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

H W Woods Ballard

D J Wise

W A St John

S Lane

STRATEGIC REPORT

The Directors have chosen in accordance with S414c of the Companies Act to set out in the strategic report information required by Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, Sch 7 to be contained in the Directors' report. It has done so in respect of future development and financial instruments.

STREAMLINED ENERGY AND CARBON REPORTING

Energy and Carbon calculation

Energy and Carbon Calculation for Day Webster Limited

Type of emission

Activity

April 2024 / March 2025

kWh

tc's

% of total

Scope 1

Natural gas

-

-

0.00%

Propane

-

-

0.00%

Vehicle fleet

-

-

0.00%

Sub-total

-

-

0.00%

Scope 2

Electricity

181,346

37.56

84.68%

Sub-total

181,346

37.56

84.68%

Scope 3

Grey fleet

28,161

6.80

15.32%

Sub-total

28,161

6.80

15.32%

Total gross consumption and emissions

209,507

44.36

100.00%

Metrics used:

Employee headcount

121

£m turnover

78.195

Intensity ratios:

Tonnes of code per employee

0.367

Tonnes of code per £mturnover

0.567

GHQ emissions and energy consumption

This is the first year of SEAR reporting for Day Webster Limited. The company:

- Occupies rented offices at one location (Loughton);

- Operates 9 company cars, all of which are be's;

- Do not receive a gas supply;

- Are recharged for electricity usage by their landlord.

Intensity ratio(s)

It was decided that the most meaningful intensity metrics (i.e. those which would allow stakeholders to

quantify Day Webster Limited’s environmental impact relative to a given amount of goods and/or

services provided) would be based on average employee headcount during the reporting period, and

also turnover during the reporting period. The resulting intensity ratios of tCO2e per employee and

tCO2e per £m turnover will best illustrate improvements in real energy efficiency over time.

Efficiency narrative

As Day Webster Group is a recruitment company, we do not produce any physical products and solely

provide recruitment services to the NHS.

However, we have implemented the processes below to reduce our carbon footprint. We regularly review these measures to further minifies our overall energy costs and maintain efficiency in the market.

In the last 12-18 months we have done the following:

1) Building and facilities efficiency

- Upgraded to LED lighting throughout offices and facilities;

- Installed motion and daylight sensors to reduce unnecessary lighting use;

- Optimised heating, ventilation, and air conditioning (HVAC) systems with smart controls and maintenance schedules;

- Recycle our plastic milk bottles and introduced plastic waste bins in the office.

2) IT Equipment

- Replaced old or inefficient IT and office equipment with energy-efficient models;

- Implemented automatic shutdowns or sleep modes on computers and printers outside of

working hours;

- Transitioned to cloud-based servers hosted in energy-efficient data centres.

3) Travel and location of staff

- Encouraged hybrid working and virtual meetings to reduce business travel, we offer 1 day WFH to all staff members;

- Introduced electric or hybrid vehicles into the company fleet.

Quantification and Reporting Methodology

The methodology used in this report is The GHQ Protocol Corporate Accounting and Reporting Standard combined with 2013 UK Government Environmental Reporting Guidelines (updated March 2019). We have used the 2024 DESNZ (Department for Energy Security & Net Zero) GHQ conversion factors for Company Reporting and Chartered Institution of Building Services Engineers (‘CIBSE’) 2021 conversion factors where metered energy consumption was not available.

The energy efficiency narrative methodology has been created based on energy management best practice.

Organisational boundary

We have defined the organisational boundary based upon operational control.

Third-party oversight

Based upon data and commentary provided by Day Webster Limited staff, this report was compiled by Auditel, an independent carbon consultancy.

DIRECTORS' RESPONSIBILITIES STATEMENT

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, Gravita Essex Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

W A St John - Director

23 December 2025

Opinion

We have audited the financial statements of Day Webster Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 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 31 March 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 Directors' Responsibilities Statement set out on pages five and 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:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the chemical sales sector;

- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and employment legislation;

- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management; and

- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

- performed analytical procedures to identify any unusual or unexpected relationships;

- tested journal entries to identify unusual transactions;

- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and

- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation;

- and enquiring of management as to actual and potential litigation and claims.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

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.

Jennifer Cessini FCCA (Senior Statutory Auditor)

for and on behalf of Gravita Essex Limited

Chartered Certified Accountants and

Statutory Auditors

Treviot House

186-192 High Road

Ilford

Essex

IG1 1LR

23 December 2025

TURNOVER

3

78,466,531

121,280,092

Cost of sales

(67,995,340

)

(107,342,756

)

GROSS PROFIT

10,471,191

13,937,336

Administrative expenses

(9,845,658

)

(13,047,079

)

OPERATING PROFIT

5

625,533

890,257

Interest receivable and similar income

52,332

34,208

677,865

924,465

Interest payable and similar expenses

6

-

(1,132

)

PROFIT BEFORE TAXATION

677,865

923,333

Tax on profit

7

(149,257

)

(150,080

)

PROFIT FOR THE FINANCIAL YEAR

528,608

773,253

Profit attributable to:

Owners of the parent

528,608

773,253

PROFIT FOR THE YEAR

528,608

773,253

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

528,608

773,253

Total comprehensive income attributable to:

Owners of the parent

528,608

773,253

FIXED ASSETS

Tangible assets

10

237,871

246,092

Investments

11

-

-

237,871

246,092

CURRENT ASSETS

Debtors

12

10,718,508

16,665,407

Cash at bank and in hand

204,676

445,263

10,923,184

17,110,670

CREDITORS

Amounts falling due within one year

13

(6,888,058

)

(12,316,632

)

NET CURRENT ASSETS

4,035,126

4,794,038

TOTAL ASSETS LESS CURRENT LIABILITIES

4,272,997

5,040,130

PROVISIONS FOR LIABILITIES

17

(6,017

)

(5,578

)

NET ASSETS

4,266,980

5,034,552

CAPITAL AND RESERVES

Called up share capital

18

200

200

Retained earnings

19

4,266,780

5,034,352

4,266,980

5,034,552

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

W A St John - Director

FIXED ASSETS

Tangible assets

10

237,870

245,980

Investments

11

503

503

238,373

246,483

CURRENT ASSETS

Debtors

12

13,490,416

17,651,231

Cash at bank and in hand

118,794

229,642

13,609,210

17,880,873

CREDITORS

Amounts falling due within one year

13

(11,719,350

)

(16,133,166

)

NET CURRENT ASSETS

1,889,860

1,747,707

TOTAL ASSETS LESS CURRENT LIABILITIES

2,128,233

1,994,190

PROVISIONS FOR LIABILITIES

17

(6,017

)

(5,578

)

NET ASSETS

2,122,216

1,988,612

CAPITAL AND RESERVES

Called up share capital

18

200

200

Retained earnings

19

2,122,016

1,988,412

2,122,216

1,988,612

Company's profit for the financial year

1,429,784

830,173

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

W A St John - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2023

200

5,735,099

5,735,299

Changes in equity

Profit for the year

-

773,253

773,253

Total comprehensive income

-

773,253

773,253

Dividends

-

(1,474,000

)

(1,474,000

)

Total transactions with owners, recognised directly in equity

-

(1,474,000

)

(1,474,000

)

Balance at 31 March 2024

200

5,034,352

5,034,552

Changes in equity

Profit for the year

-

528,608

528,608

Total comprehensive income

-

528,608

528,608

Dividends

-

(1,296,180

)

(1,296,180

)

Total transactions with owners, recognised directly in equity

-

(1,296,180

)

(1,296,180

)

Balance at 31 March 2025

200

4,266,780

4,266,980

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2023

200

2,632,239

2,632,439

Changes in equity

Dividends

-

(1,474,000

)

(1,474,000

)

Total comprehensive income

-

830,173

830,173

Balance at 31 March 2024

200

1,988,412

1,988,612

Changes in equity

Dividends

-

(1,296,180

)

(1,296,180

)

Total comprehensive income

-

1,429,784

1,429,784

Balance at 31 March 2025

200

2,122,016

2,122,216

Cash flows from operating activities

Cash generated from operations

1

4,885,059

6,174,886

Tax paid

44,285

(770,868

)

Net cash from operating activities

4,929,344

5,404,018

Cash flows from investing activities

Purchase of tangible fixed assets

(151,172

)

(183,869

)

Interest received

52,332

34,208

Net cash from investing activities

(98,840

)

(149,661

)

Cash flows from financing activities

Invoice discounting

(3,745,473

)

(3,230,925

)

Introduced by directors/shareholders

1,322,201

486,448

Withdrawn by directors/shareholders

(1,095,793

)

(877,033

)

Interest paid

-

(1,132

)

Factoring charges

(255,846

)

(521,611

)

Equity dividends paid

(1,296,180

)

(1,474,000

)

Net cash from financing activities

(5,071,091

)

(5,618,253

)

Decrease in cash and cash equivalents

(240,587

)

(363,896

)

Cash and cash equivalents at beginning of year

2

445,263

809,159

Cash and cash equivalents at end of year

2

204,676

445,263

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

Profit before taxation

677,865

923,333

Depreciation charges

158,240

138,573

Loss on disposal of fixed assets

1,153

-

Factoring charges

255,846

521,611

Finance costs

-

1,132

Finance income

(52,332

)

(34,208

)

1,040,772

1,550,441

Decrease in trade and other debtors

5,436,524

5,517,337

Decrease in trade and other creditors

(1,592,237

)

(892,892

)

Cash generated from operations

4,885,059

6,174,886

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 31 March 2025

31.3.25

1.4.24

£

£

Cash and cash equivalents

204,676

445,263

Year ended 31 March 2024

31.3.24

1.4.23

£

£

Cash and cash equivalents

445,263

809,159

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1.4.24

Cash flow

At 31.3.25

£

£

£

Net cash

Cash at bank and in hand

445,263

(240,587

)

204,676

445,263

(240,587

)

204,676

Debt

Debts falling due within 1 year

(6,852,970

)

3,745,473

(3,107,497

)

(6,852,970

)

3,745,473

(3,107,497

)

Total

(6,407,707

)

3,504,886

(2,902,821

)