REGISTERED NUMBER: SC559860 (Scotland)

Group Strategic Report, Report of the Directors and

Consolidated Financial Statements for the Year Ended 31st March 2025

for

Hazelberry Developments Limited

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

to

5

Consolidated Income Statement

6

Consolidated Other Comprehensive Income

7

Consolidated Balance Sheet

8

Company Balance Sheet

9

Consolidated Statement of Changes in Equity

10

Company Statement of Changes in Equity

11

Consolidated Cash Flow Statement

12

Notes to the Consolidated Cash Flow Statement

13

Notes to the Consolidated Financial Statements

14

to

25

DIRECTORS:

S I Dodd

Mrs L Dodd

REGISTERED OFFICE:

Tundergarth Mains

Tundergarth

Lockerbie

DG11 2PU

REGISTERED NUMBER:

SC559860 (Scotland)

AUDITORS:

Farries, Kirk & McVean

Chartered Accountants

Statutory Auditors

Dumfries Enterprise Park

Heathhall

Dumfries

DUMFRIESSHIRE

DG1 3SJ

SOLICITORS:

JHS Law

8 Bank Street

Dumfries

DG1 2NS

Hazelberry Developments Limited is a holding company. The main trading activity of the group is carried out by Grange Quarry Limited.

Grange Quarry Limited supply aggregates, concrete, sand, lime and liquid screed to the Civil Engineering, Agriculture, Highways, Rail, Forestry, Nuclear and Renewables industries. The company was incorporated in 2000 and has now expanded to trade from four different sites in Dumfries & Galloway.

The directors believe that the company is well placed to service their customers throughout Scotland and the North of England, although most of the business continues to be within Dumfriesshire. The extensive experience that both they and their staff have in the industry is to the benefit of both the company and its customers.

REVIEW OF BUSINESS

The directors are delighted with the results. The group has had another successful year of trade. Turnover has increased from £19.3m to £30.0m and gross profit has increased from £6.8m to £10.4m. Gross profit percentage has dropped from 35.1% to 34.8%. Bottom line profits before tax have increased from £3.7m to £6.7m.

Key Performance Indicators (KPI's)

Given the straightforward nature of the business, the directors are of the opinion that there are no additional KPI's other than the measures of turnover and gross profit reported above that are necessary for an understanding of the development, performance or position of the business.

PRINCIPAL RISKS AND UNCERTAINTIES

The management of the business and the execution of the company's strategy are subject to a number of risks. The key business risks and uncertainties affecting the company are considered to relate to competition from both national and independent machinery dealers, employee retention and product availability.

Financial risk management

The company's operations expose it to little in the way of financial risk. However, a variety of financial risks do exist to an extent including credit risk, liquidity risk and interest rate risk. The company has in place a risk management programme that seeks to limit the adverse effects on the financial performance of the company by monitoring levels of debt finance and the related finance costs.

Credit risk

The company has implemented policies that require appropriate credit checks on potential customers before sales are made. The amount of exposure to any individual is subject to a limit which can only be reassessed by a director.

Liquidity risk

The company requires only limited short term debt finance to ensure there are sufficient available funds for operations.

Interest rate risk

The company has interest bearing liabilities including a bank loan. The amount of interest charged on these liabilities is not sufficient to significantly affect company operations.

ON BEHALF OF THE BOARD:

Mrs L Dodd - Director

22nd December 2025

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

DIVIDENDS

An interim dividend of £1,862 per share was paid on 31st March 2025. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31st March 2025 will be £ 186,162 .

DIRECTORS

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

S I Dodd

Mrs L Dodd

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;

-	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 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 group's auditors are aware of that information.

AUDITORS

The auditors, Farries, Kirk & McVean, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mrs L Dodd - Director

22nd December 2025

Opinion

We have audited the financial statements of Hazelberry Developments Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31st 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 31st 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 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 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:

- we have assessed the susceptibility of the company's financial statements to material misstatement as being low risk. The directors are very involved in the day to day management of the business and have a focus on controls to address potential fraud and error.

- the nature of the company's activities are not directly significantly regulated. They use sub-contractors for work with explosives. The sub-contractors do require significant regulation.

- we have discussed the legal and regulatory framework the company operates under with the directors. This has enabled us to gain an understanding of those applicable to the company and the procedures they operate to ensure compliance.

- we have obtained an understanding of the company's policies and procedures on fraud risk through two way communication with the management and have no knowledge of any actual, suspected or alleged fraud.

- the Senior Statutory Auditor is satisfied that the engagement audit staff were competent to and capable of recognising non-compliance with laws and regulation. No details of any non-compliance were communicated to us and no such potential instances were noted during the audit process.

We have reached these conclusions following enquiries made of those charged with governance and senior staff and following audit testing procedures and review of financial statements.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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.

Gerald McGill, BA CA (Senior Statutory Auditor)

for and on behalf of Farries, Kirk & McVean

Chartered Accountants

Statutory Auditors

Dumfries Enterprise Park

Heathhall

Dumfries

DUMFRIESSHIRE

DG1 3SJ

22nd December 2025

TURNOVER

29,984,426

19,278,786

Cost of sales

(19,562,175

)

(12,521,151

)

GROSS PROFIT

10,422,251

6,757,635

Administrative expenses

(3,969,119

)

(3,199,400

)

6,453,132

3,558,235

Other operating income

35,942

20,221

OPERATING PROFIT

4

6,489,074

3,578,456

Income from fixed asset investments

-

4,679

Interest receivable and similar income

310,523

215,862

6,799,597

3,798,997

Interest payable and similar expenses

5

(93,469

)

(86,397

)

PROFIT BEFORE TAXATION

6,706,128

3,712,600

Tax on profit

6

(1,219,948

)

(710,997

)

PROFIT FOR THE FINANCIAL YEAR

5,486,180

3,001,603

Profit attributable to:

Owners of the parent

5,486,180

3,001,603

PROFIT FOR THE YEAR

5,486,180

3,001,603

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

5,486,180

3,001,603

Total comprehensive income attributable to:

Owners of the parent

5,486,180

3,001,603

FIXED ASSETS

Intangible assets

9

-

-

Tangible assets

10

12,775,802

12,533,305

Investments

11

7,869,325

4,330,221

Investment property

12

3,747,141

2,640,221

24,392,268

19,503,747

CURRENT ASSETS

Debtors

13

4,067,346

3,596,850

Cash at bank

8,001,710

6,752,510

12,069,056

10,349,360

CREDITORS

Amounts falling due within one year

14

(4,326,570

)

(4,001,586

)

NET CURRENT ASSETS

7,742,486

6,347,774

TOTAL ASSETS LESS CURRENT LIABILITIES

32,134,754

25,851,521

CREDITORS

Amounts falling due after more than one year

15

(1,269,806

)

(743,944

)

PROVISIONS FOR LIABILITIES

19

(2,816,532

)

(2,359,179

)

NET ASSETS

28,048,416

22,748,398

CAPITAL AND RESERVES

Called up share capital

20

100

100

Revaluation reserve

21

93,000

93,000

Retained earnings

21

27,987,312

22,687,294

SHAREHOLDERS' FUNDS

28,080,412

22,780,394

NON-CONTROLLING INTERESTS

22

(31,996

)

(31,996

)

TOTAL EQUITY

28,048,416

22,748,398

The financial statements were approved by the Board of Directors and authorised for issue on 22nd December 2025 and were signed on its behalf by:

Mrs L Dodd - Director

FIXED ASSETS

Intangible assets

9

-

-

Tangible assets

10

469,088

469,088

Investments

11

5,822,430

4,330,321

Investment property

12

3,747,141

2,640,221

10,038,659

7,439,630

CURRENT ASSETS

Debtors

13

590,928

412,879

Cash at bank

5,519,566

6,518,150

6,110,494

6,931,029

CREDITORS

Amounts falling due within one year

14

(207,568

)

(135,379

)

NET CURRENT ASSETS

5,902,926

6,795,650

TOTAL ASSETS LESS CURRENT LIABILITIES

15,941,585

14,235,280

CAPITAL AND RESERVES

Called up share capital

20

100

100

Retained earnings

21

15,941,485

14,235,180

SHAREHOLDERS' FUNDS

15,941,585

14,235,280

Company's profit for the financial year

1,892,467

3,610,338

The financial statements were approved by the Board of Directors and authorised for issue on 22nd December 2025 and were signed on its behalf by:

Mrs L Dodd - Director

Called up

share

Retained

Revaluation

capital

earnings

reserve

£

£

£

Balance at 1st April 2023

100

19,953,544

93,000

Changes in equity

Dividends

-

(267,853

)

-

Total comprehensive income

-

3,001,603

-

Balance at 31st March 2024

100

22,687,294

93,000

Changes in equity

Dividends

-

(186,162

)

-

Total comprehensive income

-

5,486,180

-

Balance at 31st March 2025

100

27,987,312

93,000

Non-controlling

Total

Total

interests

equity

£

£

£

Balance at 1st April 2023

20,046,644

(27,996

)

20,018,648

Changes in equity

Dividends

(267,853

)

(4,000

)

(271,853

)

Total comprehensive income

3,001,603

-

3,001,603

Balance at 31st March 2024

22,780,394

(31,996

)

22,748,398

Changes in equity

Dividends

(186,162

)

-

(186,162

)

Total comprehensive income

5,486,180

-

5,486,180

Balance at 31st March 2025

28,080,412

(31,996

)

28,048,416

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1st April 2023

100

10,892,695

10,892,795

Changes in equity

Dividends

-

(267,853

)

(267,853

)

Total comprehensive income

-

3,610,338

3,610,338

Balance at 31st March 2024

100

14,235,180

14,235,280

Changes in equity

Dividends

-

(186,162

)

(186,162

)

Total comprehensive income

-

1,892,467

1,892,467

Balance at 31st March 2025

100

15,941,485

15,941,585

Cash flows from operating activities

Cash generated from operations

1

7,035,775

5,643,378

Interest paid

(17,795

)

(43,001

)

Interest element of hire purchase payments paid

(75,674

)

(43,396

)

Tax paid

(249,148

)

(275,094

)

Net cash from operating activities

6,693,158

5,281,887

Cash flows from investing activities

Purchase of tangible fixed assets

(913,417

)

(4,008,995

)

Purchase of fixed asset investments

(3,546,995

)

(4,259,487

)

Purchase of investment property

(1,106,920

)

(268,810

)

Sale of tangible fixed assets

847,600

408,995

Sale of fixed asset investments

-

3,585,009

Interest received

310,523

215,862

Dividends received

-

4,679

Net cash from investing activities

(4,409,209

)

(4,322,747

)

Cash flows from financing activities

Loan repayments in year

(58,434

)

(54,689

)

Capital repayments in year

(790,153

)

(1,180,017

)

Amount introduced by directors

-

78,000

Amount withdrawn by directors

-

(6,000

)

Equity dividends paid

(186,162

)

(267,853

)

Dividends paid to minority interests

-

(4,000

)

Net cash from financing activities

(1,034,749

)

(1,434,559

)

Increase/(decrease) in cash and cash equivalents

1,249,200

(475,419

)

Cash and cash equivalents at beginning of year

2

6,752,510

7,227,929

Cash and cash equivalents at end of year

2

8,001,710

6,752,510

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

2025

2024

£

£

Profit before taxation

6,706,128

3,712,600

Depreciation charges

1,734,619

1,408,663

Loss/(profit) on disposal of fixed assets

48,286

(5,234

)

Loss/(gain) on revaluation of fixed assets

7,891

(83,536

)

Finance costs

93,469

86,397

Finance income

(310,523

)

(220,541

)

8,279,870

4,898,349

Increase in trade and other debtors

(470,506

)

(555,569

)

(Decrease)/increase in trade and other creditors

(773,589

)

1,300,598

Cash generated from operations

7,035,775

5,643,378

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 31st March 2025

31.3.25

1.4.24

£

£

Cash and cash equivalents

8,001,710

6,752,510

Year ended 31st March 2024

31.3.24

1.4.23

£

£

Cash and cash equivalents

6,752,510

7,227,929

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

6,752,510

1,249,200

8,001,710

6,752,510

1,249,200

8,001,710

Debt

Finance leases

(773,878

)

790,153

-

(1,943,309

)

Debts falling due

within 1 year

(60,000

)

-

-

(60,000

)

Debts falling due

after 1 year

(230,533

)

58,433

-

(172,100

)

(1,064,411

)

848,586

-

(2,175,409

)

Total

5,688,099

2,097,786

-

5,826,301

1.	STATUTORY INFORMATION

Hazelberry Developments Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the General 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 as modified by the revaluation of certain assets.

Turnover

Turnover comprises revenue recognised by the company in respect of sales of stone, aggregates and concrete processed before close of business on the last working day of the year, excluding value added tax.

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.

Computer software is being amortised evenly over its estimated useful life of five 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.

Buildings

-

4% on cost

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Amounts written off each asset over the estimated useful life represent cost less residual value.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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 group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Debtors

Trade debtors are amounts due from customers for the sale of goods and services performed in the ordinary course of he business.

Trade debtors are recognised initially at the transaction price and represent the full value of the goods and services charged to customers, including any amounts charged on for third parties.

Trade Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of the business from suppliers.

Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date they are presented as non current liabilities.

Borrowings

Interest bearing borrowings are initially recorded at fair value, net of transaction costs. Interest bearing borrowings are subsequently carried at amortised cost, with the difference between proceeds, net of transactions costs, and the amount due on redemption recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Provisions and contingencies

Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

3.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

3,099,339

2,403,183

Social security costs

316,201

242,994

Other pension costs

103,333

574,951

3,518,873

3,221,128