REGISTERED NUMBER: 11783287 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

PRINTCARE UNIVERSAL UK LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Income Statement

9

Other Comprehensive Income

10

Balance Sheet

11

Statement of Changes in Equity

12

Cash Flow Statement

13

Notes to the Cash Flow Statement

14

Notes to the Financial Statements

15

DIRECTORS:

R K Ignatius

K R Ravindran

M Sivakumar

REGISTERED OFFICE:

B7a Old Library Building

St Faith Street

Maidstone

Kent

ME14 1LH

REGISTERED NUMBER:

11783287 (England and Wales)

AUDITORS:

PSJ Alexander & Co

Chartered Accountants & Statutory Auditors

1 Doughty Street

London

WC1N 2PH

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

REVIEW OF BUSINESS

Revenue for the year declined by 50%, and the gross profit margin reduced by 40%, reflecting the challenging market conditions faced during the period. In response, the company has initiated strategic measures to reposition itself by targeting new sectors and customers, with the objective of improving performance in the coming years.

Profit after taxation for the year amounted to £382,857 (2024: £211,324). The company also retained a positive combined bank balance of £320,031 (2024: £160,070).

The directors are satisfied with these results, achieved in an increasingly competitive industry with tough trading conditions.

PRINCIPAL RISKS AND UNCERTAINTIES

The company's principal financial instruments comprise cash, short-term deposits, and trade debtors and creditors arising directly from operations. Their main purpose is to fund operations, manage working capital and liquidity, and invest surplus funds.

The directors continue to assess risks facing the business. Securing new contracts and maintaining existing relationships remain central to success. Other ongoing challenges, such as overhead cost control, are reviewed regularly. The board meets frequently to evaluate risk exposure and appetite. Key risks fall into the following categories:

Market Risk

The company's performance is closely linked to domestic economic conditions. The directors monitor economic trends and key customer strategic plans to respond quickly to changes in projected sales volumes, ensuring competitiveness and profitability..

Competitive Risk

Changing customer requirements, driven by market demand, pose the main competitive risk. The company continues to invest in high-quality service and works in partnership with customers to develop procedures that meet both current and future needs.

Legislative Risk

The directors regularly review the company's exposure to legislative risk and ensure compliance with all applicable requirements.

Financial Instrument Risk

The company has established a financial risk management framework to safeguard performance objectives. The framework focuses on limiting counterparty exposure, maintaining efficient working capital, and monitoring risk management at business unit level.

SECTION 172(1) STATEMENT

n accordance with section 172 of the Companies Act 2006, the directors confirm that they have acted in a way they consider most likely to promote the long-term success of the company for the benefit of its members.

OUR CLIENTS

Delivering excellent client service remains critical to the company's success. Client satisfaction surveys, form part of the regular feedback process. The results are shared with directors, enabling service improvements ranging from refinements in the booking process to enhancements in the services offered to clients.

OUR SUPPLIERS

The product and operational teams actively manage supplier relationships to ensure high standards of service and conduct. The company benefits from access to multiple suppliers for most products and services, supporting both quality and continuity. Directors receive regular operational updates at board meetings, with significant supplier developments-such as cessation of operations escalated immediately. All key supplier contracts are reviewed annually by a director.

KEY PERFORMANCE INDICATORS

The directors consider the continuous measurement and monitoring of performance to be a critical element of management. A range of key performance indicators (KPIs) is used to provide consistent and comprehensive insight into financial performance against defined targets. These include turnover, gross and net profit margins, and profitability ratios.

Performance during the year was as follows:

2025

2024

£

£

Turnover

636

1,273

Gross profit

78

128

Gross profit margin

12%

10%

Operating profit

519

279

Profit for the year

383

211

Other KPIs monitored include average salary levels, EBITDA, and performance against budget and prior year. The directors are satisfied with KPI outcomes for the year and remain confident in maintaining performance levels in the foreseeable future.

FUTURE DEVELOPMENTS

The directors expect the trading environment to remain competitive. However, they believe the company is in a strong financial position, with risks well managed. By focusing on diversification, developing new products, and monitoring market conditions and competitor activity, the directors are confident in the company's ability to sustain and build upon its current position, while maintaining cautious growth expectations.

ON BEHALF OF THE BOARD:

R K Ignatius - Director

20th November 2025

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

REVIEW OF BUSINESS

DIVIDENDS

No dividends will be distributed for the year ended 31 March 2024.

DIRECTORS

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

R K Ignatius

K R Ravindran

Other changes in directors holding office are as follows:

P R Grero - resigned 25th March 2025

M Sivakumar - appointed 25th April 2024

FINANCIAL INSTRUMENTS

Treasury operations and financial instruments

The directors have established a risk and financial management framework whose primary objective is to protect the Company from events that hinder the achievement of performance objective. The objective aim to limit the undue counterparty exposure, ensure sufficient working capital and monitor risk at a business unit level.

The company's principal financial instruments during the year comprised of trade debtors and trade creditors. The main purpose of these financial instruments are to provide funding for company's operations.

Liquidity risk

The Company manages its cash requirements in order to maximise interest income and minimise interest expense, whilst ensuring the company has sufficient liquid resources to meet the operation needs of the business.

Interest rate risk

Currently the company's exposure to interest rate risk is minimal.

Credit risk

All customers who wish to trade on credit terms are subject to credit verification procedures. Trade debtors will be monitored on an ongoing basis and provision may be made for doubtful debts where necessary.

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.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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 ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, PSJ Alexander & Co, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

R K Ignatius - Director

20th November 2025

Opinion

We have audited the financial statements of Printcare Universal Uk Limited (the 'company') for the year ended 31st March 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the 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 company's affairs as at 31st March 2025 and of its profit for the year then ended;

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

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

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

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

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Matters on which we are required to report by exception

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

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

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

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

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

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

-	the directors were not entitled to take advantage of the small companies' exemption from the requirement to prepare a Strategic Report.

Responsibilities of directors

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

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

Auditors' responsibilities for the audit of the financial statements

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

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

-

we reviewed the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations that have a direct effect on the financial statements;

-

we enquired with the management team concerning actual and potential litigation and claims;

-

we performed analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

-

we read minutes of meetings of those charged with governance;

-

we obtained an understanding of any provisions and held discussions with management to understand the basis of recognition or non-recognition of tax provisions/assets; and

-

we addressed the risk of fraud through management override of controls by testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

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.

Vimal Shah (Senior Statutory Auditor)

for and on behalf of PSJ Alexander & Co

Chartered Accountants & Statutory Auditors

1 Doughty Street

London

WC1N 2PH

20th November 2025

TURNOVER

636,172

1,273,878

Cost of sales

558,401

1,145,413

GROSS PROFIT

77,771

128,465

Administrative expenses

127,611

100,343

(49,840

)

28,122

Other operating income

568,631

251,619

OPERATING PROFIT

4

518,791

279,741

Interest receivable and similar income

1,066

2,158

519,857

281,899

Interest payable and similar expenses

5

-

43

PROFIT BEFORE TAXATION

519,857

281,856

Tax on profit

6

137,000

70,527

PROFIT FOR THE FINANCIAL YEAR

382,857

211,329

PROFIT FOR THE YEAR

382,857

211,329

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

382,857

211,329

FIXED ASSETS

Tangible assets

7

390

770

Investments

8

952,754

-

953,144

770

CURRENT ASSETS

Stocks

9

7,613

44,826

Debtors

10

611,064

1,075,071

Cash at bank

320,031

160,070

938,708

1,279,967

CREDITORS

Amounts falling due within one year

11

1,040,920

812,662

NET CURRENT (LIABILITIES)/ASSETS

(102,212

)

467,305

TOTAL ASSETS LESS CURRENT LIABILITIES

850,932

468,075

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

13

850,832

467,975

SHAREHOLDERS' FUNDS

850,932

468,075

The financial statements were approved by the Board of Directors and authorised for issue on 20th November 2025 and were signed on its behalf by:

R K Ignatius - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1st April 2023

100

256,646

256,746

Changes in equity

Total comprehensive income

-

211,329

211,329

Balance at 31st March 2024

100

467,975

468,075

Changes in equity

Total comprehensive income

-

382,857

382,857

Balance at 31st March 2025

100

850,832

850,932

Cash flows from operating activities

Cash generated from operations

1

368,014

(215,722

)

Interest paid

-

(43

)

Tax paid

(70,527

)

(50,482

)

Net cash from operating activities

297,487

(266,247

)

Cash flows from investing activities

Purchase of fixed asset investments

(138,592

)

-

Interest received

1,066

2,158

Net cash from investing activities

(137,526

)

2,158

Increase/(decrease) in cash and cash equivalents

159,961

(264,089

)

Cash and cash equivalents at beginning of year

2

160,070

424,159

Cash and cash equivalents at end of year

2

320,031

160,070

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

2025

2024

£

£

Profit before taxation

519,857

281,856

Depreciation charges

379

257

Finance costs

-

43

Finance income

(1,066

)

(2,158

)

519,170

279,998

Decrease in stocks

37,213

45,821

Increase in trade and other debtors

(350,151

)

(547,355

)

Increase in trade and other creditors

161,782

5,814

Cash generated from operations

368,014

(215,722

)

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

320,031

160,070

Year ended 31st March 2024

31/3/24

1/4/23

£

£

Cash and cash equivalents

160,070

424,159

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1/4/24

Cash flow

At 31/3/25

£

£

£

Net cash

Cash at bank

160,070

159,961

320,031

160,070

159,961

320,031

Total

160,070

159,961

320,031

1.	STATUTORY INFORMATION

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

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. Thefinancial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

Significant judgements and estimates

In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of the assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimates is revised where the revision affects only that period, or in theperiod of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Stock provisioning

The company sells packaging materials which is subject to changing consumer demands and technological advancements. As a result it is necessary to consider the recoverability of the cost of the stock and the associated provisioning required. When calculating the provision, management considers the nature and age of the stock as well as applying assumptions around anticipated saleability of stock.

Tangible assets

The directors determine whether there are indicators of impairment on the company's tangible assets. In particular since depreciation is not charged on freehold land and buildings the directors assess whether there are indicators of impairment on the freehold land and buildings that would result in a change in the estimate of the residual value of the assets, depreciation method or useful life. Factors taken into consideration in reaching such a decision include changes in market prices and expected future financial performance of the asset.

Impairment of debtors

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

Turnover

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

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

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:

Computer equipment - 25% on reducing balance

The gain or loss arising on the disposal of an assets is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation

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

Current or deferred taxation assets and liabilities are not discounted.

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

Deferred tax

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

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

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

Hire purchase and leasing commitments

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

Financial instruments

Cash and cash equivalents

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

Foreign currency transactions and balances

Transactions in foreign currency are initially recorded at the functional currency rate prevailing at the date of the transactions. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective financial currency of the entity at the rate prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates. Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payables are classified as current liabilities of the company does not have an unconditional right at the end of the reporting period to refer settlements of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlements for at least twelve months after the reporting date they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Provision

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Going concern

The financial statements have been prepared on a going concern basis. This requires the Directors to consider, as at the date of approving the financial statements, that there is reasonable expectation that the Company has adequate financial resources to continue to operate, and to meet its liabilities as they fall due for payment, for at least twelve months following the approval of the financial statements.

The directors have reviewed the cash balances to cover at least twelve months of operations, including the continuation of employment as currently contracted without any reduction of cost savings initiatives. The results of the review has shown that the company has sufficient cash to cover at least twelve months of operations and the adoption of going concern basis is reasonable and appropriate.

3.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

39,699

27,079

Social security costs

2,838

4,033

42,537

31,112

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

2025

2024

Management and administration

1

1

2025

2024

£

£

Directors' remuneration

29,605

27,079

4.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

£

Other operating leases

24,813

23,130

Depreciation - owned assets

380

257

Auditors remuneration

5,500

5,500

Auditors' remuneration for non audit work

-

3,050

Foreign exchange differences

1,304

10,516

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Bank interest

-

43

6.

TAXATION

Analysis of the tax charge

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

2025

2024

£

£

Current tax:

UK corporation tax

137,000

70,527

Tax on profit

137,000

70,527

7.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st April 2024

and 31st March 2025

1,827

DEPRECIATION

At 1st April 2024

1,057

Charge for year

380

At 31st March 2025

1,437

NET BOOK VALUE

At 31st March 2025

390

At 31st March 2024

770

8.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

952,754

At 31st March 2025

952,754

NET BOOK VALUE

At 31st March 2025

952,754

9.

STOCKS

2025

2024

£

£

Finished goods

7,613

19,011

Goods in transit

-

25,815

7,613

44,826

10.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

142,642

201,524

Amounts owed by group undertakings

240,742

55,199

Other debtors

5,363

2,280

Prepayments and accrued income

10,852

9,332

Prepayments

(5,984

)

-

393,615

268,335