Blade Access Ltd Company accounts

COMPANY REGISTRATION NUMBER: 07899697

BLADE ACCESS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2025

BLADE ACCESS LTD

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

CONTENTS	PAGE

Officers and professional advisers	1

Strategic report	2

Directors' report	4

Independent auditor's report to the members	6

Statement of income and retained earnings	10

Statement of financial position	11

Statement of cash flows	12

Notes to the financial statements	13

BLADE ACCESS LTD

OFFICERS AND PROFESSIONAL ADVISERS

THE BOARD OF DIRECTORS	J Bairstow
	M Bell

REGISTERED OFFICE	12 Trevor Foster Way
	Bradford
	West Yorkshire
	BD5 8HB

AUDITOR	Wine & Co
	Chartered accountants & statutory auditor
	20-22 Bridge End
	Leeds
	LS1 4DJ

BLADE ACCESS LTD

STRATEGIC REPORT

YEAR ENDED 31 MARCH 2025

PRINCIPLE OBJECTIVES

The principal activity of the company is the rental of access equipment.

REVIEW OF THE BUSINESS

The directors consider that the company has had a successful year in terms of growing market share and sales and consider the level of turnover, gross profit and year end position to be satisfactory. The results are set out on page 10. Looking ahead, the directors remain focused on further expanding market share by strategically investing in the access equipment fleet to drive increased turnover and profitability.

PRINCIPLE RISKS AND UNCERTAINTIES

There are a number of risks and uncertainties facing the business at any given time and as such these are reviewed on an ongoing basis and, where possible, appropriate action is taken to mitigate the impact of these risks. Whilst the general economic outlook remains uncertain it creates difficulty in predicting the future with any level of certainty. It is however deemed appropriate to maintain a cautious level of optimism towards future periods in view of recent growth and plans for the future.

KEY FINANCIAL PERFORMANCE INDICATORS

The key financial performance indicators are considered to be those that communicate the financial performance of the company as a whole. These are turnover, gross profit margin and net profit margin. Turnover was £12,582,719 (2024: £11,280,312). Gross profit margin was 35.52% (2024: 34.67%). Gross profit margin is calculated as gross profit divided by turnover. Net profit margin was 19.14% (2024: 14.91%). Net profit margin is calculated as profit for the financial year and total comprehensive income divided by turnover.

FUTURE DEVELOPMENTS

The company aims to continue to grow its existing market share, utilising its recent recognition within the trade industry.

This report was approved by the board of directors on 22 December 2025 and signed on behalf of the board by:

J Bairstow	M Bell
Director	Director

Registered office:

12 Trevor Foster Way

Bradford

West Yorkshire

BD5 8HB

BLADE ACCESS LTD

DIRECTORS' REPORT

YEAR ENDED 31 MARCH 2025

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

DIRECTORS

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

J Bairstow
M Bell

DIVIDENDS

The directors do not recommend the payment of a dividend.

FINANCIAL INSTRUMENTS

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss.

The company holds the following financial assets and liabilities:

Cash, Short-term trade and other debtors, and creditors.

Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.

DIRECTORS' RESPONSIBILITIES STATEMENT

The directors are responsible for preparing the strategic report, directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. AUDITOR

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

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

This report was approved by the board of directors on 22 December 2025 and signed on behalf of the board by:

J Bairstow	M Bell
Director	Director

Registered office:

12 Trevor Foster Way

Bradford

West Yorkshire

BD5 8HB

BLADE ACCESS LTD

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BLADE ACCESS LTD

YEAR ENDED 31 MARCH 2025

OPINION

We have audited the financial statements of Blade Access Ltd (the 'company') for the year ended 31 March 2025 which comprise the statement of income and retained earnings, statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - have been prepared in accordance with the requirements of the Companies Act 2006.

BASIS FOR OPINION

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

CONCLUSIONS RELATING TO GOING CONCERN

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

OTHER INFORMATION

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

OPINIONS ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006

In our opinion, based on the work undertaken in the course of the audit:

- the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.

RESPONSIBILITIES OF DIRECTORS

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Irregularities that result from fraud are inherently more difficult to detect than irregularities that result from error. We consider that our audit procedures are designed and carried out to give a reasonable expectation that material misstatements resulting from fraud would be discovered. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. USE OF OUR REPORT

This report is made solely to the company's 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 an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

JEFFREY WINE

(Senior Statutory Auditor)

For and on behalf of

Wine & Co

Chartered accountants & statutory auditor

20-22 Bridge End

Leeds

LS1 4DJ

22 December 2025

BLADE ACCESS LTD

STATEMENT OF INCOME AND RETAINED EARNINGS

YEAR ENDED 31 MARCH 2025

		2025	2024
Note		£	£
TURNOVER	4	12,582,719	11,280,312

Cost of sales	( 8,112,951)	( 7,369,849)
	-------------	-------------
GROSS PROFIT	4,469,768	3,910,463

Administrative expenses		( 2,720,737)	( 2,153,672)
Other operating income	5	1,577,000	400,000
		------------	------------
OPERATING PROFIT	6	3,326,031	2,156,791

Other interest receivable and similar income	10	13,351	10,115
Interest payable and similar expenses	11	( 227,229)	( 156,476)
		------------	------------
PROFIT BEFORE TAXATION		3,112,153	2,010,430

Tax on profit	12	( 690,687)	( 328,242)
		------------	------------
PROFIT FOR THE FINANCIAL YEAR AND TOTAL COMPREHENSIVE INCOME		2,421,466	1,682,188
		------------	------------

RETAINED EARNINGS AT THE START OF THE YEAR	9,393,892	7,711,704
	-------------	------------
RETAINED EARNINGS AT THE END OF THE YEAR	11,815,358	9,393,892
	-------------	------------

All the activities of the company are from continuing operations.

BLADE ACCESS LTD

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£

FIXED ASSETS

Tangible assets	13		13,565,965	9,753,873

CURRENT ASSETS

Debtors	14	8,386,245	6,778,441
Cash at bank and in hand		910,566	837,262
		------------	------------
		9,296,811	7,615,703

CREDITORS: amounts falling due within one year	15	( 3,998,744)		( 3,584,089)
		------------		------------
NET CURRENT ASSETS			5,298,067	4,031,614
			-------------	-------------
TOTAL ASSETS LESS CURRENT LIABILITIES			18,864,032	13,785,487

CREDITORS: amounts falling due after more than one year	16		( 4,058,960)	( 2,185,480)

PROVISIONS	18	( 2,989,614)	( 2,206,015)
		-------------	-------------
NET ASSETS		11,815,458	9,393,992
		-------------	-------------

CAPITAL AND RESERVES

Called up share capital	21	100	100
Profit and loss account		11,815,358	9,393,892
		-------------	------------
SHAREHOLDERS FUNDS		11,815,458	9,393,992
		-------------	------------

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

These financial statements were approved by the board of directors and authorised for issue on 22 December 2025 , and are signed on behalf of the board by:

J Bairstow	M Bell
Director	Director

Company registration number: 07899697

BLADE ACCESS LTD

STATEMENT OF CASH FLOWS

YEAR ENDED 31 MARCH 2025

	2025	2024
	£	£

CASH FLOWS FROM OPERATING ACTIVITIES

Profit for the financial year	2,421,466	1,682,188

Adjustments for:
Depreciation of tangible assets	514,649	434,503
Other interest receivable and similar income	( 13,351)	( 10,115)
Interest payable and similar expenses	227,229	156,476
Gains on disposal of tangible assets	( 3,621)	( 164,847)
Tax on profit	690,687	328,242
Accrued (income)/expenses	( 500)	9,910

Changes in:
Trade and other debtors	( 1,607,804)	( 560,118)
Trade and other creditors	72,124	( 258,373)
	------------	------------
Cash generated from operations	2,300,879	1,617,866

Interest paid	( 227,229)	( 156,476)
Interest received	13,351	10,115
Tax received	92,912	–
	------------	------------
Net cash from operating activities	2,179,913	1,471,505
	------------	------------

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of tangible assets	( 4,412,493)	( 1,298,665)
Proceeds from sale of tangible assets	89,373	885,149
	------------	------------
Net cash used in investing activities	( 4,323,120)	( 413,516)
	------------	------------

CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds from borrowings	( 100,000)	( 100,000)
Payments of finance lease liabilities	2,316,511	( 544,946)
	------------	------------
Net cash from/(used in) financing activities	2,216,511	( 644,946)
	------------	------------

NET INCREASE IN CASH AND CASH EQUIVALENTS	73,304	413,043
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	837,262	424,219
	---------	---------
CASH AND CASH EQUIVALENTS AT END OF YEAR	910,566	837,262
	---------	---------

BLADE ACCESS LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 12 Trevor Foster Way, Bradford, West Yorkshire, BD5 8HB.

2. STATEMENT OF COMPLIANCE

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

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Research and development

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

Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met:

- It is technically feasible to complete the intangible asset so that it will be available for use or sale;

- There is the intention to complete the intangible asset and use or sell it;

- There is the ability to use or sell the intangible asset;

- The use or sale of the intangible asset will generate probable future economic benefits;

- There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and

- The expenditure attributable to the intangible asset during its development can be measured reliably.

Expenditure that does not meet the above criteria is expensed as incurred.

Revenue recognition

Turnover comprises revenue recognised by the company in respect of services supplied exclusive of VAT.

Income tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

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

Depreciation

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

Plant and machinery	-	4% reducing balance
Motor vehicles	-	18% reducing balance
Equipment	-	18% reducing balance

Impairment of fixed assets

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

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

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

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.

Defined contribution plans

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

4. TURNOVER

Turnover arises from:

	2025	2024
	£	£
Sale of goods	12,582,719	11,280,312
	-------------	-------------

The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.

5. OTHER OPERATING INCOME

	2025	2024
	£	£
Management charges receivable	1,577,000	400,000
	------------	---------

6. OPERATING PROFIT

Operating profit or loss is stated after charging/crediting:

	2025	2024
	£	£
Depreciation of tangible assets	514,649	434,503
Gains on disposal of tangible assets	( 3,621)	( 164,847)
Impairment of trade debtors	8,414	18,800
	---------	---------

7. AUDITOR'S REMUNERATION

	2025	2024
	£	£
Fees payable for the audit of the financial statements	10,000	10,000
	--------	--------

8. STAFF COSTS

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

	2025	2024
	No.	No.
Production staff	52	52
Administrative staff	21	21
Management staff	2	2
	----	----
	75	75
	----	----

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

	2025	2024
	£	£
Wages and salaries	3,463,226	2,987,660
Social security costs	369,106	319,236
Other pension costs	78,603	66,940
	------------	------------
	3,910,935	3,373,836
	------------	------------

9. DIRECTORS' REMUNERATION

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

	2025	2024
	£	£
Remuneration	27,306	27,305
	--------	--------

10. OTHER INTEREST RECEIVABLE AND SIMILAR INCOME

	2025	2024
	£	£
Interest on cash and cash equivalents	13,351	10,115
	--------	--------

11. INTEREST PAYABLE AND SIMILAR EXPENSES

	2025	2024
	£	£
Interest on banks loans and overdrafts	12,338	12,338
Interest on obligations under finance leases and hire purchase contracts	214,891	144,138
	---------	---------
	227,229	156,476
	---------	---------

12. TAX ON PROFIT

Major components of tax expense

	2025	2024
	£	£

Current tax:

Adjustments in respect of prior periods	( 92,912)	–

Deferred tax:

Origination and reversal of timing differences	783,599	328,242
	---------	---------
Tax on profit	690,687	328,242
	---------	---------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is lower than (2024: lower than) the standard rate of corporation tax in the UK of 25 % (2024: 19 %).

	2025	2024
	£	£
Profit on ordinary activities before taxation	3,112,153	2,010,430
	------------	------------
Profit on ordinary activities by rate of tax	778,038	381,982
Adjustment to tax charge in respect of prior periods	( 92,912)	( 150,521)
Effect of expenses not deductible for tax purposes	8,217	85,386
Effect of capital allowances and depreciation	( 1,013,186)	( 316,847)
Unused tax losses	226,931	–
Deferred taxation	783,599	328,242
	------------	------------
Tax on profit	690,687	328,242
	------------	------------

13. TANGIBLE ASSETS

	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 April 2024	11,036,689	129,136	36,935	11,202,760
Additions	4,412,493	–	–	4,412,493
Disposals	( 89,325)	–	–	( 89,325)
	-------------	---------	--------	-------------
At 31 March 2025	15,359,857	129,136	36,935	15,525,928
	-------------	---------	--------	-------------
Depreciation
At 1 April 2024	1,376,163	37,073	35,651	1,448,887
Charge for the year	492,620	20,745	1,284	514,649
Disposals	( 3,573)	–	–	( 3,573)
	-------------	---------	--------	-------------
At 31 March 2025	1,865,210	57,818	36,935	1,959,963
	-------------	---------	--------	-------------
Carrying amount
At 31 March 2025	13,494,647	71,318	–	13,565,965
	-------------	---------	--------	-------------
At 31 March 2024	9,660,526	92,063	1,284	9,753,873
	-------------	---------	--------	-------------

14. DEBTORS

	2025	2024
	£	£
Trade debtors	2,936,747	3,659,004
Corporation tax repayable	27,112	27,112
Other debtors	5,422,386	3,092,325
	------------	------------
	8,386,245	6,778,441
	------------	------------

15. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	100,000	100,000
Trade creditors	1,197,524	1,206,243
Accruals and deferred income	17,500	18,000
Social security and other taxes	466,051	354,777
Obligations under finance leases and hire purchase contracts	2,112,637	1,769,606
Other creditors	105,032	135,463
	------------	------------
	3,998,744	3,584,089
	------------	------------

16. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	39,166	139,166
Obligations under finance leases and hire purchase contracts	4,019,794	2,046,314
	------------	------------
	4,058,960	2,185,480
	------------	------------

17. FINANCE LEASES AND HIRE PURCHASE CONTRACTS

The total future minimum lease payments under finance leases and hire purchase contracts are as follows:

	2025	2024
	£	£
Not later than 1 year	2,112,637	1,769,606
Later than 1 year and not later than 5 years	4,019,794	2,046,314
	------------	------------
	6,132,431	3,815,920
	------------	------------

18. PROVISIONS

	Deferred tax (note 19)
	£
At 1 April 2024	2,206,015
Additions	783,599
	------------
At 31 March 2025	2,989,614
	------------

19. DEFERRED TAX

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

	2025	2024
	£	£
Included in provisions (note 18)	2,989,614	2,206,015
	------------	------------

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

	2025	2024
	£	£
Accelerated capital allowances	3,216,545	2,206,015
Unused tax losses	( 226,931)	–
	------------	------------
	2,989,614	2,206,015
	------------	------------

20. EMPLOYEE BENEFITS

Defined contribution plans

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 78,603 (2024: £ 66,940 ).

21. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

22. ANALYSIS OF CHANGES IN NET DEBT

	At 1 Apr 2024	Cash flows	At 31 Mar 2025
	£	£	£
Cash at bank and in hand	837,262	73,304	910,566
Debt due within one year	(1,869,606)	(343,031)	(2,212,637)
Debt due after one year	(2,185,480)	(1,873,480)	(4,058,960)
	------------	------------	------------
	( 3,217,824)	( 2,143,207)	( 5,361,031)
	------------	------------	------------