REGISTERED NUMBER: 08388566 (England and Wales)

Strategic Report,

Report of the Directors and

Financial Statements

for the Year Ended 31 March 2025

for

A S Green Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Independent Auditors' Report

5

Income Statement

9

Statement of Financial Position

10

Statement of Changes in Equity

11

Statement of Cash Flows

12

Notes to the Statement of Cash Flows

13

Notes to the Financial Statements

14

Directors:

Mr A T Green

Mrs C M Green

Mr D Thompson

Mr W D Wilkinson

Registered office:

Rook Row Farm

Moorend Cross

Mathon

Malvern

Worcestershire

WR13 5PR

Registered number:

08388566 (England and Wales)

Auditors:

Harper Sheldon Limited

Midway House

Staverton Technology Park

Herrick Way, Staverton

Cheltenham

Gloucestershire

GL51 6TQ

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

Review of business

Following on from last year where the crop growing element of the trade was amalgamated into this business, we have continued to go from strength to strength.

The businesses two biggest challenges remain the economic climate and weather conditions. The economic climate because despite increasing costs there is resistance to food price increases by the supermarkets. Weather conditions, as they are unpredictable and have a massive effect on the timings of crop availability and crop quality.

To minimise the effect of increasing costs we have reviewed and amended working practises to improve efficiency as this helps with our largest cost, our labour bill.

Nobody can control the weather, but over the last few years we have seen more extreme weather conditions. We have had to deal with both unusually dry and unusually wet conditions over recent years. We managed to think on our feet to mitigate these conditions and still produce the crops. These experiences will only help us in future.

As you can see on the income statement on page 9 the business has grown again in terms of sales and profitability this year.

The financial performance of the company is summarised below:

31 March 2025

31 March 2024

Increase/(decrease)

Turnover

22,114,734

20,373,345

1,741,389

Net Assets

3,387,497

2,979,184

408,313

Average no. of employees

138

120

18

The summer of 2025 has been very positive with increased sales again on previous years. Part of this is because we have implemented new growing techniques to start the season earlier in the year.

On behalf of the board:

Mr A T Green - Director

16 December 2025

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

Principal activity

The principal activity of the company in the year under review was that of packaging and distributing of quality vegetables to major supermarkets and various wholesale outlets.

Dividends

The total distribution of dividends for the year ended 31 March 2025 will be £ 60,000 .

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.

Mr A T Green

Mrs C M Green

Other changes in directors holding office are as follows:

Mr D Thompson and Mr W D Wilkinson were appointed as directors after 31 March 2025 but prior to the date of this report.

Statement of directors' responsibilities

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

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

-	select suitable accounting policies and then apply them consistently;

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

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

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

Statement as to disclosure of information to auditors

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

Auditors

The auditors, Harper Sheldon Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

On behalf of the board:

Mr A T Green - Director

16 December 2025

Opinion

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

In our opinion the financial statements:

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

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

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

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

The 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 Auditors' Report 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 three, 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 an Auditors' 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.

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

Our approach was as follows:

We obtained an understanding of the legal and regulatory requirements applicable to the company and considered the most significant are the Companies Act 2006 and UK Financial reporting Standards.

We obtained an understanding of how the company complies with these regulations by discussions with management.

We assessed the risk of material misstatement of the financial statements, including the risk of material misstatement due to fraud and how it might occur, by holding discussions with management.

We inquired of management as to any known instances of non-compliance or suspected non-compliance with laws and regulations.

Based on this understanding, we designed specific audit procedures to identify instances of non-compliance with laws and regulations. This included making enquiries of management and obtaining corroborative evidence as required.

As part of an audit in accordance with ISAs (UK), we exercise professional judgement 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 company's 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 Auditors' 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 Auditors' 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 Auditors' 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.

James Harper (Senior Statutory Auditor)

for and on behalf of Harper Sheldon Limited

Midway House

Staverton Technology Park

Herrick Way, Staverton

Cheltenham

Gloucestershire

GL51 6TQ

22 December 2025

TURNOVER

3

22,114,734

20,373,345

Cost of sales

9,495,543

9,258,392

GROSS PROFIT

12,619,191

11,114,953

Administrative expenses

11,642,936

11,158,248

976,255

(43,295

)

Other operating income

6,302

325,169

OPERATING PROFIT

5

982,557

281,874

Interest receivable and similar income

9,148

11,330

991,705

293,204

Interest payable and similar expenses

6

24,012

4,493

PROFIT BEFORE TAXATION

967,693

288,711

Tax on profit

7

173,513

78,222

PROFIT FOR THE FINANCIAL YEAR

794,180

210,489

FIXED ASSETS

Intangible assets

9

-

-

Tangible assets

10

2,067,287

2,033,496

2,067,287

2,033,496

CURRENT ASSETS

Stocks

11

1,044,795

860,773

Debtors

12

1,976,309

2,119,752

Cash at bank and in hand

875,844

443,611

3,896,948

3,424,136

CREDITORS

Amounts falling due within one year

13

2,058,825

2,478,448

NET CURRENT ASSETS

1,838,123

945,688

TOTAL ASSETS LESS CURRENT LIABILITIES

3,905,410

2,979,184

CREDITORS

Amounts falling due after more than one year

14

(227,298

)

(89,932

)

PROVISIONS FOR LIABILITIES

17

(290,615

)

(235,935

)

NET ASSETS

3,387,497

2,653,317

CAPITAL AND RESERVES

Called up share capital

18

100

100

Retained earnings

19

3,387,397

2,653,217

SHAREHOLDERS' FUNDS

3,387,497

2,653,317

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

Mr A T Green - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2023

100

2,522,728

2,522,828

Changes in equity

Dividends

-

(80,000

)

(80,000

)

Total comprehensive income

-

210,489

210,489

Balance at 31 March 2024

100

2,653,217

2,653,317

Changes in equity

Dividends

-

(60,000

)

(60,000

)

Total comprehensive income

-

794,180

794,180

Balance at 31 March 2025

100

3,387,397

3,387,497

Cash flows from operating activities

Cash generated from operations

1

1,114,810

1,991,403

Interest element of hire purchase payments paid

(24,012

)

(4,493

)

Tax received (Paid)

43,923

84,275

Net cash from operating activities

1,134,721

2,071,185

Cash flows from investing activities

Purchase of tangible fixed assets

(373,499

)

(1,647,198

)

Sale of tangible fixed assets

12,501

102,700

Interest received

9,148

11,330

Net cash from investing activities

(351,850

)

(1,533,168

)

Cash flows from financing activities

Capital repayments in year

(283,962

)

(281,957

)

Amount introduced by directors

86,463

156,819

Amount withdrawn by directors

(93,139

)

(155,414

)

Equity dividends paid

(60,000

)

(80,000

)

Net cash from financing activities

(350,638

)

(360,552

)

Increase in cash and cash equivalents

432,233

177,465

Cash and cash equivalents at beginning of year

2

443,611

266,146

Cash and cash equivalents at end of year

2

875,844

443,611

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

2025

2024

£

£

Profit before taxation

967,693

288,711

Depreciation charges

689,095

677,833

(Profit)/loss on disposal of fixed assets

(1,257

)

1,226

Increase in group undertakings

(8,272

)

(64,800

)

Finance costs

24,012

4,493

Finance income

(9,148

)

(11,330

)

1,662,123

896,133

Increase in stocks

(184,022

)

(624,427

)

Decrease in trade and other debtors

67,390

1,324,980

(Decrease)/increase in trade and other creditors

(430,681

)

394,717

Cash generated from operations

1,114,810

1,991,403

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 31 March 2025

31/3/25

1/4/24

£

£

Cash and cash equivalents

875,844

443,611

Year ended 31 March 2024

31/3/24

1/4/23

£

£

Cash and cash equivalents

443,611

266,146

3.	ANALYSIS OF CHANGES IN NET FUNDS

Other

non-cash

At 1/4/24

Cash flow

changes

At 31/3/25

£

£

£

£

Net cash

Cash at bank

and in hand

443,611

432,233

875,844

443,611

432,233

875,844

Debt

Finance leases

(281,957

)

283,962

(360,632

)

(358,627

)

(281,957

)

283,962

(360,632

)

(358,627

)

Total

161,654

716,195

(360,632

)

517,217

1.	STATUTORY INFORMATION

A S Green 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 presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Critical accounting 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.

Turnover

Turnover represents the value of goods sold during the period net of VAT. Turnover is recognised when goods are physically delivered to the customer.

Uninvoiced deliveries at the year end are included in accrued income. Invoiced deliveries are included in debtors. Where customers pay in advance for goods, the amount is recorded as deferred income until the goods have been delivered.

Goodwill

Goodwill, being the amount paid for the acquisition of a business in 2013, has been fully amortised over its useful life of 10 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Tangible assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs comprise those costs incurred by the company in bringing the stocks to the location and condition intended by management and are calculated on a first-in first-out basis. Estimated selling price less costs to complete and sell is based on the estimated selling price in an arm’s length transaction less any estimated completion or selling costs that will be expected to be incurred in the transaction.

When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised. At each balance sheet date, the directors undertake a review of its stock to establish if any stock is slow-moving or has become obsolete. Where any write-downs of stock become necessary to reduce the value from cost to estimated selling price less costs to complete and sell, such write-downs are recognised as an expense in profit or loss in the period in which the write-down or loss occurs. Where such write-downs subsequently reverse, the amount of any reversal is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payment ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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

Government grants

The company received government grants in respect of assets purchased. These grants are recognised on a systematic basis over the useful economic life of the underlying asset that was acquired with the grant.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, on-demand deposits with banks and other short-term highly liquid investments.

Employee benefits

Short-term employee benefits are recognised as an expense in the period in which they are incurred. The company operates a defined contribution pension scheme and the obligations for contributions are recognised as an expense in the period they are incurred. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

3.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

2025

2024

£

£

Sales of goods

22,093,236

20,371,349

Rendering of services

21,498

1,996

22,114,734

20,373,345

4.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

7,861,496

7,486,698

Social security costs

392,412

364,651

Other pension costs

24,541

18,368

8,278,449

7,869,717

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

2025

2024

Average number of employees

138

120

2025

2024

£

£

Directors' remuneration

112,333

17,000

5.	OPERATING PROFIT

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

2025

2024

£

£

Other operating leases

832,850

810,270

Depreciation - owned assets

689,096

677,832

(Profit)/loss on disposal of fixed assets

(1,257

)

1,226

Auditors' remuneration

10,000

9,000

Foreign exchange differences

(66,318

)

(35,387

)

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Hire purchase

24,012

4,493

7.

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

182,716

(7,600

)

Tax under / (over) provision

(63,883

)

-

Total current tax

118,833

(7,600

)

Deferred tax

54,680

85,822

Tax on profit

173,513

78,222

UK corporation tax has been charged at 25% (2024 - 25%).

Reconciliation of total tax charge included in profit and loss

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

2025

2024

£

£

Profit before tax

967,693

288,711

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

241,923

72,178

Effects of:

Expenses not deductible for tax purposes

2,108

3,278

Income not taxable for tax purposes

-

(2,190

)

Adjustments to tax charge in respect of previous periods

(69,981

)

(7,600

)

Deferred Tax provision

-

85,822

Permanent capital allowances in excess of depreciation

-

(85,681

)

Loss carried forward

-

12,415

Other timing differences not recognised

(537

)

-

Total tax charge

173,513

78,222

8.

DIVIDENDS

2025

2024

£

£

Interim

60,000

80,000