REGISTERED NUMBER: 09607008 (England and Wales)

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

ADVANCE GROUP HOLDINGS LTD

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Consolidated Income Statement

10

Consolidated Other Comprehensive Income

11

Consolidated Balance Sheet

12

Company Balance Sheet

13

Consolidated Statement of Changes in Equity

14

Company Statement of Changes in Equity

15

Consolidated Cash Flow Statement

16

Notes to the Consolidated Cash Flow Statement

17

Notes to the Consolidated Financial Statements

18

DIRECTORS:

S Critchley

REGISTERED OFFICE:

Ground Floor Vista

St Davids Park

Ewloe

Deeside

CH5 3DT

REGISTERED NUMBER:

09607008 (England and Wales)

AUDITORS:

Fairhurst Audit Services Ltd

Statutory Auditor

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

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

REVIEW OF BUSINESS

During the course of the year the Group continued to work closely with its customer base, operating a robust and compliant business model, with a definitive focus on ensuring competitiveness within service provider sector, whilst maintaining our reputation for compliance and also world class customer service.

We are continuing to review our product offering and utilize technology to improve efficiencies, drive growth and be more transparent with out compliance functions. To this end the Group will continue to invest in technology platforms to achieve these goals.

The Group has continued to improve focus and achieve efficiencies. Costs have unfortunately substantially increased. Turnover has increased from £252.4m to £253.6m. Profitability has remained consistent at £0.7m.

The Group's key financial information is as follows:

2025

2024

£

£

Turnover

253,637,319

252,427,723

Profit before Tax

734,729

739,776

Profit after Tax

492,800

527,823

Change of Ownership to an Employment Ownership Trust ("EOT")

On 5 April 2022 the Group changed ownership. It is now an EOT (think John Lewis!). This change of ownership allows the business to continue to evolve and deliver world class solutions in a progressive and ethical manner.

The benefits of a business being an EOT are well documented, and this should enable the Group to continue its growth in the future.

PRINCIPAL RISKS AND UNCERTAINTIES

Regulatory risk - The Company engages the finest industry specific legal and technical support and continues to invest in its head office staff to help mitigate risks associated with an ever changing regulatory landscape.

Operating risk - The Group continues to invest heavily in infrastructure and staff training/development to ensure safeguards and efficiencies are in place/up to date. Increased resources have been spent moving the IT systems into the Cloud together with appropriate best in class cyber security being put in place.

Credit and liquidity risk - This is monitored closely and is not deemed a significant risk to the Group.

SECTION 172(1) STATEMENT

This report sets out the how the Directors comply with the requirements of Section 172 of the Companies Act 2006 and how these requirements have impacted the Directors activities and decision making during the financial period ended 31 March 2025.

The Directors consider that they have acted in good faith to promote the success of the group on behalf of the stakeholders, in relation to matters set out in s172 of the Act. The stakeholders of the business include the employees, clients, suppliers and shareholders of the business.

Decision making

The Directors monitor and review strategic objectives against business plans on a regular basis. The

Management Team support the Directors with the planning and execution of long-term plans and are experienced in the successful implementation of strategic business decisions.

Employee interests

The Directors recognise the vital importance of the group's employees and the key role they play in the ongoing success of the business. Engagement with operational employees is high and is maintained through regular company briefings and discussions. Employees are supported with training and development including through professional qualifications where needed. As stated above, the subsequent move to be employee owned - EOT - can give no greater demonstration of this.

Business relationships

The Directors and Management Team regularly review how they maintain positive relationships with all its stakeholders suppliers, customers and others and continue to build a reputation on high levels of customer service.

ON BEHALF OF THE BOARD:

S Critchley - Director

23 December 2025

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

PRINCIPAL ACTIVITY

The principal activity of the company and group continued to be that of the provision of staff on a contract basis and accountancy services.

DIVIDENDS

No dividends will be distributed for the year ended 31 March 2025.

DIRECTORS

S Critchley has held office during the whole of the period from 1 April 2024 to the date of this report.

Other changes in directors holding office are as follows:

A Dodd - resigned 31 March 2025

CHARITABLE DONATIONS AND EXPENDITURE

During the year the group made charitable donations of £2,266.

FUTURE DEVELOPMENTS

Despite the challenges posed by an ever changing political and economic landscape, the Group continues to invest in the future by developing new income streams and investment in IT, cyber security and improved efficiencies.

ENGAGEMENT WITH EMPLOYEES

Disabled persons

Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment within the group continues and that the appropriate training is arranged. It is the policy of the group that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.

Employee involvement

The group's policy is to consult and discuss with employees, through unions, staff councils and at meetings, matters likely to affect employees' interests.

Information about matters of concern to employees is given through information bulletins and reports which seek to achieve a common awareness on the part of all employees of the financial and economic factors affecting the group's performance.

As stated above, the business became an EOT in April 2022 as a means of further encouraging the involvement of employees in the company's performance.

SUPPLIER PAYMENT POLICY

The group's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).

The group's current policy concerning the payment of trade creditors is to:

- settle the terms of payment with suppliers when agreeing the terms of each transaction;

- ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts; and

- pay in accordance with the group's contractual and other legal obligations.

STREAMLINED ENERGY AND CARBON REPORTING

Our Head Office uses state of the art low impact efficient electricity devices and usage is monitored to ensure appropriate usage. Consumption is below the 40,000 kWH of energy threshold as defined within the guidelines and SECR disclosures are not required.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

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

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

-	select suitable accounting policies and then apply them consistently;

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

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

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

AUDITORS

The auditors, Fairhurst Audit Services Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

S Critchley - Director

23 December 2025

Opinion

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

In our opinion the financial statements:

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

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

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

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

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

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Matters on which we are required to report by exception

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

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

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

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

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

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

Responsibilities of directors

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

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

Auditors' responsibilities for the audit of the financial statements

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

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

Extent to which the audit was considered capable of detecting irregularities including fraud

Irregularities are instances of non-compliance with laws and regulations. The objectives of our audit are to obtain sufficient appropriate audit evidence regarding compliance with laws and regulations that have a direct effect in the determination of material amounts and disclosures in the financial statement, to perform audit procedures to help identify instances of non-compliance with other laws and regulations that may have a material effect on the financial statements, and to respond appropriately to identified or suspected non-compliance with laws and regulations identified during the audit.

In relation to fraud, the objectives of our audit are to identify and assess the risk of material misstatements of the financial statements due to fraud, to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud through designing and implementing appropriate responses and to respond appropriately to fraud or suspected fraud identified during the audit.

However, it is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud.

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

-

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

-

We obtained an understanding of laws and regulations that affect the company, focusing on those that had a direct effect on the financial statements or that had a fundamental effect on its operations. As a result of these procedures we consider that the most significant laws and regulations that have a direct impact on the financial statements are FRS 102 and the Companies Act 2006.

-

We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management, reviewing minutes of meetings and inspecting legal correspondence.

In assessing the susceptibility of the company's financial statements to material misstatement, including obtaining and understanding of how fraud might occur;

-

We gained an understanding of the controls that management have in place to prevent and detect fraud.

-

We enquired of management about any instances of fraud that had taken place during the year.

To address the risk of fraud through management bias and override of controls;

-

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

-

We tested journal entries to identify unusual transactions; and

-

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

Due to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of

internal controls. We are not responsible for preventing fraud or non-compliance with laws and regulations and cannot be expected to detect all fraud and non-compliance with 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.

Louise Webster BSc BFP ACA (Senior Statutory Auditor)

for and on behalf of Fairhurst Audit Services Ltd

Statutory Auditor

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

23 December 2025

TURNOVER

3

253,637,319

252,427,723

Cost of sales

250,388,158

249,300,494

GROSS PROFIT

3,249,161

3,127,229

Administrative expenses

2,492,540

2,399,641

OPERATING PROFIT

5

756,621

727,588

Interest receivable and similar income

96,111

70,423

852,732

798,011

Interest payable and similar expenses

6

118,003

58,235

PROFIT BEFORE TAXATION

734,729

739,776

Tax on profit

7

241,929

211,953

PROFIT FOR THE FINANCIAL YEAR

492,800

527,823

Profit attributable to:

Owners of the parent

492,800

527,823

PROFIT FOR THE YEAR

492,800

527,823

OTHER COMPREHENSIVE INCOME

Payment to Employee Ownership Trust

(800,000

)

(450,000

)

Income tax relating to other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

(800,000

)

(450,000

)

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(307,200

)

77,823

Note

Prior year adjustment

9

975,893

TOTAL COMPREHENSIVE INCOME SINCE LAST ANNUAL REPORT

668,693

Total comprehensive income attributable to:

Owners of the parent

668,693

77,823

FIXED ASSETS

Intangible assets

10

198,904

302,032

Tangible assets

11

197,890

88,701

Investments

12

-

-

396,794

390,733

CURRENT ASSETS

Stocks

13

19,399

21,427

Debtors

14

21,917,759

23,198,742

Cash at bank

135,674

1,314,804

22,072,832

24,534,973

CREDITORS

Amounts falling due within one year

15

20,856,308

23,005,188

NET CURRENT ASSETS

1,216,524

1,529,785

TOTAL ASSETS LESS CURRENT LIABILITIES

1,613,318

1,920,518

CAPITAL AND RESERVES

Called up share capital

18

3,236

3,236

Capital redemption reserve

19

3,151

3,151

Retained earnings

19

1,606,931

1,914,131

SHAREHOLDERS' FUNDS

1,613,318

1,920,518

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

S Critchley - Director

FIXED ASSETS

Intangible assets

10

-

-

Tangible assets

11

-

80,869

Investments

12

6,302

6,302

6,302

87,171

CURRENT ASSETS

Debtors

14

9,323,721

9,294,630

Cash at bank

-

3,867

9,323,721

9,298,497

CREDITORS

Amounts falling due within one year

15

7,828,560

8,531,834

NET CURRENT ASSETS

1,495,161

766,663

TOTAL ASSETS LESS CURRENT LIABILITIES

1,501,463

853,834

PROVISIONS FOR LIABILITIES

17

-

20,218

NET ASSETS

1,501,463

833,616

CAPITAL AND RESERVES

Called up share capital

18

3,236

3,236

Capital redemption reserve

19

3,151

3,151

Retained earnings

19

1,495,076

827,229

SHAREHOLDERS' FUNDS

1,501,463

833,616

Company's profit for the financial year

1,467,847

524,470

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

S Critchley - Director

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 April 2023

3,236

1,836,308

3,151

1,842,695

Changes in equity

Total comprehensive income

-

(898,070

)

-

(898,070

)

Balance at 31 March 2024

3,236

938,238

3,151

944,625

Prior year adjustment

-

975,893

-

975,893

As restated

3,236

1,914,131

3,151

1,920,518

Changes in equity

Total comprehensive income

-

(307,200

)

-

(307,200

)

Balance at 31 March 2025

3,236

1,606,931

3,151

1,613,318

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 April 2023

3,236

752,759

3,151

759,146

Changes in equity

Total comprehensive income

-

74,470

-

74,470

Balance at 31 March 2024

3,236

827,229

3,151

833,616

Changes in equity

Total comprehensive income

-

667,847

-

667,847

Balance at 31 March 2025

3,236

1,495,076

3,151

1,501,463

Cash flows from operating activities

Cash generated from operations

1

583,632

(1,002,708

)

Interest paid

(118,003

)

(58,235

)

Tax paid

(578,671

)

(2,250,313

)

Net cash from operating activities

(113,042

)

(3,311,256

)

Cash flows from investing activities

Purchase of tangible fixed assets

(227,609

)

-

Sale of tangible fixed assets

60,827

-

Loans advanced

(1,007,000

)

(800,000

)

Interest received

96,111

70,423

Net cash from investing activities

(1,077,671

)

(729,577

)

Cash flows from financing activities

Amount introduced by directors

11,583

-

Amount withdrawn by directors

-

(11,353

)

Net cash from financing activities

11,583

(11,353

)

Decrease in cash and cash equivalents

(1,179,130

)

(4,052,186

)

Cash and cash equivalents at beginning of year

2

1,314,804

5,366,990

Cash and cash equivalents at end of year

2

135,674

1,314,804

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

2025

2024

as restated

£

£

Profit before taxation

734,729

739,776

Depreciation charges

146,360

157,970

Loss on disposal of fixed assets

14,361

-

Finance costs

118,003

58,235

Finance income

(96,111

)

(70,423

)

917,342

885,558

Decrease/(increase) in stocks

2,028

(1,024

)

Decrease/(increase) in trade and other debtors

1,274,685

(3,594,840

)

(Decrease)/increase in trade and other creditors

(1,610,423

)

1,707,598

Cash generated from operations

583,632

(1,002,708

)

2.	CASH AND CASH EQUIVALENTS

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

Year ended 31 March 2025

31/3/25

1/4/24

£

£

Cash and cash equivalents

135,674

1,314,804

Year ended 31 March 2024

31/3/24

1/4/23

as restated

£

£

Cash and cash equivalents

1,314,804

5,366,990

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1/4/24

Cash flow

At 31/3/25

£

£

£

Net cash

Cash at bank

1,314,804

(1,179,130

)

135,674

1,314,804

(1,179,130

)

135,674

Total

1,314,804

(1,179,130

)

135,674

1.	STATUTORY INFORMATION

Advance Group Holdings Ltd 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 General Information page.

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.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its debts for the foreseeable future not limited to a period of 12 months from the signing of these accounts. The company therefore continues to adopt the going concern basis in preparing the financial statements.

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.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business is being written off straight line over a period of 77 months.

Intangible assets

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software

5-10 Years Straight Line

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold Improvements

25% Straight Line

Plant and Equipment

33.3% Straight Line

Fixtures and Fittings

20% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying va