REGISTERED NUMBER: 07916866 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

PREMIER MIST UK LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Income Statement

9

Other Comprehensive Income

10

Balance Sheet

11

Statement of Changes in Equity

12

Notes to the Financial Statements

13

DIRECTORS:

P A Duval

A J Tolson

A Williams

Mrs A J M Miller

P Ling

J C Arnott

REGISTERED OFFICE:

12 Market Street

Hebden Bridge

West Yorkshire

HX7 6AD

REGISTERED NUMBER:

07916866 (England and Wales)

AUDITORS:

Cresswells Accountants (UK) Limited

Chartered Accountants

and Statutory Auditors

12 Market Street

Hebden Bridge

West Yorkshire

HX7 6AD

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

WHAT WE DO

Premier Mist is the UK's leading approved low pressure watermist provider. Premier Mist UK Limited are a specialist provider of low-pressure Water Mist and Sprinkler systems with a reputation for delivering an exceptional and proven product to its clients across a wide spectrum.

REVIEW OF BUSINESS

2024-2025 has seen the company's turnover remain at a consistently high level, albeit slightly down on the previous year it is still in line with the company's expectations. The company continues to grow year on year.

There are a number of factors that have contributed to this continued growth:

i)

Continual high demand within the industry resulting in the company continuing to experience high numbers of enquiries, sales and contracts within this period. This remains in line with the company's projections and forecasting and is reflective of the company's standing and reputation within the industry. The company continues to develop strong client relationships enabling it to secure a high proportion of repeat business as well as securing new business, always providing high quality service.Developing relationships with contractors, securing ongoing business and providing high quality service.

ii)

The company continues to look at increasing its staffing resources both office and site based as has been the case in this period and is always striving to improve the quality and service it provides to its clients. Allowing efficient processes from enquiry, through sales and design and onto installation and management on a nationwide scale.

iii)

Further to point ii) above, the company has fostered strategic partnerships with approved subcontractors within the industry, enabling the provision of a greater pool of manpower and, combined with its directly employed staff, allowing for increased operations to be carried out on numerous large scale projects simultaneously.

iv)

It has also looked to commit to the longevity of its staff by promoting within house and offering various incentives to promote and encourage a healthy and motivated workforce.

v)

The company has achieved numerous industry specific accreditations to ensure all avenues of sales and project types are available to it and to provide the expertise and knowledge its clients require, these include LPCB and IFC.

The directors are happy with company performance which is in line with its forecast and expectations and see this year as part of the continued growth of the company.

FINANCIAL KEY PERFORMANCE INDICATORS (KPI’s)

The important KPI's the company relies on are turnover and GP%, both of which have proven to fall within the parameters set out in the director's forecasts. Whilst turnover is down on the previous year the GP% is up achieving 36% which is due to the increased efficiency achieved through the year.

This is monitored regularly through the financial period to ensure standards and targets are achieved.

PRINCIPAL RISKS AND UNCERTAINTIES

As remains the case within our industry the main risks that the company has highlighted that affect the company's growth and performance are:

1)

Materials. Due to inflation materials are rising in cost year on year and as such the directors continue to build in allowances for this in their costings which as a result will ensure stability and increase GP%.

2)

Skilled installation engineers. Within such a competitive industry there is a constant battle to find enough skilled workers to fulfil the company's requirements and manage it's order book. The company is constantly looking to increase its installation workforce. In the meantime, it is taking advantage of the large subcontractor sector in the industry which comes with its own benefits.

3)

The fragility of some of the main contractors' financial positions and the cutthroat nature of the construction industry in general can lead to the risk of liquidation of potential clients. The company seeks to mitigate the risk of bad debt through a number of strategies. These include: the implementation of strict commercial contract review, the continual monitoring of clients' finances through credit checks and financial reporting, limiting credit facilities when necessary, carrying out regular site audits on all projects and ensuring the risk of contracting is spread across a multiple and diverse client base.

FUTURE PLANS FOR THE COMPANY

The company plans to continually grow and has set in place new opportunities for increasing turnover within the coming periods. It also continually looks at ways to increase efficiency and achieve higher GP year on year. The main areas it continues to focus on is through adjusting its costings according to material price fluctuations, increasing its resources, attaining more accreditation and opening new revenue streams through diversification.

In this period the company has purchased large prestigious new office premises which has allowed for an increase in staff, an increase in services provided/diversification, a better working environment for its office based staff and will be an important and much needed step to achieving its next level/phase of growth covering the next ten years. It has invested heavily in the new offices to create an environment suitable for its future objectives of growth and profitability.

ON BEHALF OF THE BOARD:

P A Duval - Director

23rd December 2025

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

DIVIDENDS

An interim dividend of £416.66666 per share was paid on 1st April 2024. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31st March 2025 will be £ 800,000 .

DIRECTORS

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

P A Duval

A J Tolson

A Williams

Mrs A J M Miller

Other changes in directors holding office are as follows:

P Ling - appointed 17th January 2025

J C Arnott - appointed 1st February 2025

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

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

-	select suitable accounting policies and then apply them consistently;

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

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

AUDITORS

The auditors, Cresswells Accountants (UK) Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

P A Duval - Director

23rd December 2025

Opinion

We have audited the financial statements of Premier Mist UK Limited (the 'company') for the year ended 31st March 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31st March 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

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

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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

Auditors' responsibilities for the audit of the financial statements

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

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

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures include the following:

-

we obtained an understanding of the legal and regulatory frameworks applicable to the Company and the sector in which it operates. We determined the following laws and regulations were most significant: The Companies Act 2006, FRS 102 and Health and Safety Act.

-

we obtained an understanding of how the Company is complying with those legal and regulatory frameworks by making inquiries to the management.

-

we assessed the susceptibility of the company's financial statements to material misstatement including how fraud might occur. Audit procedures performed by the audit team included:

-

identifying and assessing the design effectiveness of controls management has in place to prevent and detect fraud.

-

understanding how those charged with governance considered and addressed the potential of override of controls or other inappropriate influence over the financial reporting process.

-

challenging assumptions and judgements made by management in its significant accounting estimates.

-

identifying and testing journal entries.

-

assessing the extent of compliance with the relevant laws and regulations.

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.

John Dakin BSc FCA (Senior Statutory Auditor)

for and on behalf of Cresswells Accountants (UK) Limited

Chartered Accountants

and Statutory Auditors

12 Market Street

Hebden Bridge

West Yorkshire

HX7 6AD

23rd December 2025

TURNOVER

14,020,436

15,052,017

Cost of sales

8,952,810

10,516,695

GROSS PROFIT

5,067,626

4,535,322

Administrative expenses

3,905,307

3,894,031

1,162,319

641,291

Other operating income

83,228

-

OPERATING PROFIT

4

1,245,547

641,291

Interest receivable and similar income

27,700

13,514

1,273,247

654,805

Interest payable and similar expenses

5

141,968

108,798

PROFIT BEFORE TAXATION

1,131,279

546,007

Tax on profit

6

286,682

187,538

PROFIT FOR THE FINANCIAL YEAR

844,597

358,469

PROFIT FOR THE YEAR

844,597

358,469

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

844,597

358,469

FIXED ASSETS

Intangible assets

8

72,915

78,271

Tangible assets

9

786,055

27,993

858,970

106,264

CURRENT ASSETS

Stocks

10

376,454

301,956

Debtors

11

4,590,091

4,714,790

Cash at bank

2,876,929

3,074,258

7,843,474

8,091,004

CREDITORS

Amounts falling due within one year

12

4,728,432

4,984,529

NET CURRENT ASSETS

3,115,042

3,106,475

TOTAL ASSETS LESS CURRENT LIABILITIES

3,974,012

3,212,739

CREDITORS

Amounts falling due after more than one year

13

(1,005,424

)

(452,002

)

PROVISIONS FOR LIABILITIES

17

(170,252

)

(6,998

)

NET ASSETS

2,798,336

2,753,739

CAPITAL AND RESERVES

Called up share capital

18

1,200

1,200

Share premium

19

149,800

149,800

Capital redemption reserve

19

200

200

Retained earnings

19

2,647,136

2,602,539

SHAREHOLDERS' FUNDS

2,798,336

2,753,739

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

P A Duval - Director

Called up

Capital

share

Retained

Share

redemption

Total

capital

earnings

premium

reserve

equity

£

£

£

£

£

Balance at 1st April 2023

1,200

2,244,070

149,800

200

2,395,270

Changes in equity

Total comprehensive income

-

358,469

-

-

358,469

Balance at 31st March 2024

1,200

2,602,539

149,800

200

2,753,739

Changes in equity

Dividends

-

(800,000

)

-

-

(800,000

)

Total comprehensive income

-

844,597

-

-

844,597

Balance at 31st March 2025

1,200

2,647,136

149,800

200

2,798,336

1.	STATUTORY INFORMATION

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

The functional and presentation currency of Premier Mist UK Limited is considered to be pound sterling (£) because that is the currency of the primary economic environment in with the company operates. the financial statements have been prepared using round pounds only.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported tor assets and liabilities as at the balance sheet date and the amounts reported for turnover and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

(i) Valuation of long term contracts

The directors undertake a review, on a contract-by-contract basis, by reference to the stage of completion when the stage of completion, cost incurred and cost to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. When the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

The directors determine the need for provisions against ongoing long term contracts by reference to the stage of completeness of the contract and the expected future costs to complete the contract, assessed on a contract-by-contract basis.

(ii) Useful economic lives of tangible assets

The annual amortisation and depreciation charges for intangible and tangible fixed assets is sensitive to changes in the estimated useful lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

(iii) Stock provisions

In determining the need for the impairment of stock the directors have made significant judgements as to the saleability of the stock that is being held in the company, together with the costs to complete and make that sale.

(iv) Impairment of debtors

The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the age ink profile of debtors and historical experience.

Turnover

Turnover is recognised at the fair value of consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts , settlements and volume rebates.

Revenue from contracts for the provision of services is recognised by reference to the stage of completion when the stage of completion, cost incurred and cost to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials , as a proportion of total costs. When the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

Full provision is made for losses on all contracts in the year in which the loss is first foreseen.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of twenty years.

Included within patents and licences are the costs related to the licences of the Dual Mist System which are being amortised over 25 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Leasehold improvements

-

over 10 years

Office equipment

-

25% on cost

Plant & Machinery

-

25% on cost

Computer equipment

-

25% on cost

Fixed assets are initially recorded at cost.

Stocks

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

Financial instruments

The company and group have chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

The company and group have no 'Other financial assets'.

Financial assets are derecognised when (a) the contractual rights to the cashflow from the asset expire or are settled or (b) substantially all the risks and rewards of ownership of the asset are transferred to another party or (c) control ot the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other creditors and hire purchase contracts, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, here the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

The company and group have no 'Other financial liabilities'.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

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

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

1,932,565

2,140,101

Social security costs

209,081

212,496

Other pension costs

32,404

37,629

2,174,050

2,390,226

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

2025

2024

Directors

6

4

Staff

36

45

42

49

2025

2024

£

£

Directors' remuneration

285,899

268,443

Directors' pension contributions to money purchase schemes

3,048

2,643

Information regarding the highest paid director is as follows:

2025

2024

£

£

Emoluments etc

106,274

113,976

Pension contributions to money purchase schemes

1,270

1,321

4.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

£

Hire of plant and machinery

161,858

108,892

Other operating leases

193,608

184,321

Depreciation - owned assets

16,006

34,561

Depreciation - assets on hire purchase contracts

14,750

-

Patents and licences amortisation

5,356

5,825

Auditors' remuneration

30,000

25,000

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Interest on overdue tax

1,933

1,524

Interest on other loans

140,035

107,274

141,968

108,798

6.

TAXATION

Analysis of the tax charge

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

2025

2024

£

£

Current tax:

UK corporation tax

153,347

180,540

Over provision in earlier period

(29,919

)

-

Total current tax

123,428

180,540

Deferred tax

163,254

6,998

Tax on profit

286,682

187,538

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2025

2024

£

£

Profit before tax

1,131,279

546,007

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

282,820

136,502

Effects of:

Expenses not deductible for tax purposes

33,222

6,679

Depreciation in excess of capital allowances

559

14,438

Adjustments to tax charge in respect of previous periods

(29,919

)

29,919

Total tax charge

286,682

187,538

7.

DIVIDENDS

2025

2024

£

£

Interim

800,000

-

8.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1st April 2024

and 31st March 2025

137,199

AMORTISATION

At 1st April 2024

58,928

Amortisation for year

5,356

At 31st March 2025

64,284

NET BOOK VALUE

At 31st March 2025

72,915

At 31st March 2024

78,271

9.	TANGIBLE FIXED ASSETS

Leasehold

Office

Plant &

Computer

improvements

equipment

Machinery

equipment

Totals

£

£

£

£

£

COST

At 1st April 2024

80,741

83,679

47,703

13,251

225,374

Additions

787,500

-

1,318

-

788,818

At 31st March 2025

868,241

83,679

49,021

13,251

1,014,192

DEPRECIATION

At 1st April 2024

78,466

68,193

43,030

7,692

197,381

Charge for year

18,680

7,257

2,929

1,890

30,756

At 31st March 2025

97,146

75,450

45,959

9,582

228,137

NET BOOK VALUE

At 31st March 2025

771,095

8,229

3,062

3,669

786,055

At 31st March 2024

2,275

15,486

4,673

5,559

27,993

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Leasehold

improvements

£

COST

Additions

737,500

At 31st March 2025

737,500

DEPRECIATION

Charge for year

14,750

At 31st March 2025

14,750

NET BOOK VALUE

At 31st March 2025

722,750