REGISTERED NUMBER: 02780778 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 31 March 2025

for

S & B Waste Management & Recycling Ltd

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

5

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:

Miss S R Broadley

R F Gordon

Miss S J Broadley

SECRETARY:

Mrs K J Broadley

REGISTERED OFFICE:

39 High Street

Wednesfield

Wolverhampton

West Midlands

WV11 1ST

REGISTERED NUMBER:

02780778 (England and Wales)

SENIOR STATUTORY AUDITOR:

Stephen Gray BSc, FCA

AUDITORS:

DKR Audit Services Ltd

36 Lichfield Street

Walsall

West Midlands

WS1 1TJ

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

REVIEW OF BUSINESS

The results for the financial year and the financial position of the company are shown in the annexed financial statements.

Compliance is a major responsibility for recycling businesses and the company has continued to make improvements to procedures for health, safety and environmental compliance.

The directors are satisfied with the performance of the company in 2025. Whilst turnover has decreased by 8.57% compared to 2024 with the gross margin decreasing to 32.30%, this follows an exceptional year in 2024 where impressive increases to turnover and profit margins were seen. When comparing to 2023 and prior years, the turnover and margins remain substantially improved.

The profit before taxation has stayed healthy, with debtor days continuing to decrease, highlighting the improvements made in credit control.

The Company's key financial and other performance indicators during the year were as follows:

2025

2024

Gross profit

£3,981,701

£5,028,881

Gross profit %

32.30

37.30

Profit before taxation

£3,084,729

£4,171,420

Debtor days

73

77

PRINCIPAL RISKS AND UNCERTAINTIES

The key business risks and uncertainties affecting the group relate to competition from local waste management companies and the continuing increases in landfill taxes. The development of refuse derived fuel products is considered essential to reducing the environmental impact of the business, minimising landfill costs and driving profit growth.

Whilst remaining fully committed to Waste to Energy, entry to this segment of the waste sector is challenging as the costs of developing and commissioning the technology, already high, continue to increase. Identifying a suitable partner is also proving problematic as financial and technological risks mount. More recently, public opposition and adverse media coverage of these plants has further increased reducing the appetite for new installations.

DEVELOPMENT AND FUTURE OUTLOOK

The directors expect the market for waste management to stagnate or attain very low levels growth as local competition intensifies and the influence of national and international competitors increases. The generally poor economic outlook and performance of the UK economy and the related economic and political uncertainties are expected to make for challenging trading conditions.

The company remains committed to increasing productivity, minimising landfill and increasing levels of recycling through the adoption of new technologies and efficient operating practices. As part of this strategy, the company is evaluating the upgrade of selected existing waste transfer stations to full waste management centres to improve operating efficiencies and expand the company's capacity and market share.

CONCLUSION

The directors expect little or no growth in turnover over the next twelve months but greater profitability to be achieved due to improvements in operating practices. The directors are satisfied with the expected performance of the company in what is thought will be a challenging year.

ON BEHALF OF THE BOARD:

Miss S R Broadley - Director

29 December 2025

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of waste management.

DIVIDENDS

The total distribution of dividends for the year ended 31 March 2025 will be £ 3,207,500 .

DIRECTORS

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

Miss S R Broadley

R F Gordon

Miss S J Broadley

STATEMENT OF DIRECTORS' RESPONSIBILITIES

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

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

-	select suitable accounting policies and then apply them consistently;

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

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

ON BEHALF OF THE BOARD:

Miss S R Broadley - Director

29 December 2025

Opinion

We have audited the financial statements of S & B Waste Management & Recycling Ltd (the 'company') for the year ended 31 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 31 March 2025 and of its profit for the year then ended;

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

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

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

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

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Matters on which we are required to report by exception

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

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

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

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

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

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

Responsibilities of directors

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

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

Auditors' responsibilities for the audit of the financial statements

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

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

We identified areas of laws and regulation that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience, and through discussion with the directors, and other management, and discussed with the directors and other management the policies and procedures regarding compliance with laws and regulations. We communicated identified laws, and regulations through our team and remained alert to any indications of non-compliance throughout the audit. The potential effect of these laws and regulations on the financial statements varies considerably.

The Company is subject to laws and regulations that directly affect the financial statements including financial reporting legislation (including related companies legislation), pensions legislation, and taxation legislation and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.

Whilst the the procedures undertaken to detect irregularities vary from audit to audit, based on the specific audit risks identified and assessed as material, the procedures may include the following:

* Enquiry of management and key staff

* Reviewing minutes of meetings

* Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.

* Performing audit work over the risk of management override including testing of journals and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.

In addition, the Company is subject to many other laws and regulations where the consequences of non-compliance could have a material effect on the amounts or disclosures in the financial statements, for instance through the imposition of fines. We identified the following areas as those most likely to have such an effect: health and safety, General Data Protection Regulation (GDP), fraud, bribery and corruption and employment law. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the directors and other management and inspection of regulatory and legal correspondence, if any. The identified actual or suspected non-compliance was not sufficiently significant to our audit to result in our response being identified as a key audit matter.

Owing 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, the further removed non-compliance laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, 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 non-compliance and cannot be expected to detect non-compliance with all 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.

Stephen Gray BSc, FCA (Senior Statutory Auditor)

for and on behalf of DKR Audit Services Ltd

36 Lichfield Street

Walsall

West Midlands

WS1 1TJ

29 December 2025

TURNOVER

4

12,327,506

13,483,719

Cost of sales

(8,345,805

)

(8,454,838

)

GROSS PROFIT

3,981,701

5,028,881

Administrative expenses

(937,511

)

(866,796

)

3,044,190

4,162,085

Other operating income

3,075

13,129

OPERATING PROFIT

6

3,047,265

4,175,214

Interest receivable and similar income

39,181

1,448

3,086,446

4,176,662

Interest payable and similar expenses

7

(1,717

)

(5,242

)

PROFIT BEFORE TAXATION

3,084,729

4,171,420

Tax on profit

8

(747,230

)

(1,098,605

)

PROFIT FOR THE FINANCIAL YEAR

2,337,499

3,072,815

PROFIT FOR THE YEAR

2,337,499

3,072,815

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

2,337,499

3,072,815

FIXED ASSETS

Intangible assets

10

8,876

17,752

Tangible assets

11

550,826

706,401

559,702

724,153

CURRENT ASSETS

Stocks

12

40,000

55,750

Debtors

13

6,426,902

7,540,507

Cash at bank and in hand

685,939

508,815

7,152,841

8,105,072

CREDITORS

Amounts falling due within one year

14

(1,244,711

)

(1,452,498

)

NET CURRENT ASSETS

5,908,130

6,652,574

TOTAL ASSETS LESS CURRENT LIABILITIES

6,467,832

7,376,727

PROVISIONS FOR LIABILITIES

17

(137,706

)

(176,600

)

NET ASSETS

6,330,126

7,200,127

CAPITAL AND RESERVES

Called up share capital

18

100

100

Retained earnings

19

6,330,026

7,200,027

SHAREHOLDERS' FUNDS

6,330,126

7,200,127

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by:

Miss S R Broadley - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2023

100

5,127,212

5,127,312

Changes in equity

Dividends

-

(1,000,000

)

(1,000,000

)

Total comprehensive income

-

3,072,815

3,072,815

Balance at 31 March 2024

100

7,200,027

7,200,127

Changes in equity

Dividends

-

(3,207,500

)

(3,207,500

)

Total comprehensive income

-

2,337,499

2,337,499

Balance at 31 March 2025

100

6,330,026

6,330,126

Cash flows from operating activities

Cash generated from operations

1

3,420,022

4,135,519

Interest paid

(966

)

-

Interest element of hire purchase payments paid

(751

)

(5,242

)

Finance costs paid

-

(1

)

Tax paid

(852,656

)

(741,448

)

Net cash from operating activities

2,565,649

3,388,828

Cash flows from investing activities

Purchase of tangible fixed assets

-

(98,079

)

Sale of tangible fixed assets

10,000

-

Interest received

39,181

1,448

Net cash from investing activities

49,181

(96,631

)

Cash flows from financing activities

Capital repayments in year

(15,661

)

(117,100

)

Group balances

785,455

(1,922,468

)

Equity dividends paid

(3,207,500

)

(1,000,000

)

Net cash from financing activities

(2,437,706

)

(3,039,568

)

Increase in cash and cash equivalents

177,124

252,629

Cash and cash equivalents at beginning of year

2

508,815

256,186

Cash and cash equivalents at end of year

2

685,939

508,815

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

2025

2024

£

£

Profit before taxation

3,084,729

4,171,420

Depreciation charges

155,452

186,342

Profit on disposal of fixed assets

(1,000

)

-

Finance costs

1,717

5,242

Finance income

(39,181

)

(1,448

)

3,201,717

4,361,556

Decrease/(increase) in stocks

15,750

(750

)

Decrease/(increase) in trade and other debtors

328,149

(296,334

)

(Decrease)/increase in trade and other creditors

(125,594

)

71,047

Cash generated from operations

3,420,022

4,135,519

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

685,939

508,815

Year ended 31 March 2024

31.3.24

1.4.23

£

£

Cash and cash equivalents

508,815

256,186

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.24

Cash flow

At 31.3.25

£

£

£

Net cash

Cash at bank and in hand

508,815

177,124

685,939

508,815

177,124

685,939

Debt

Finance leases

(15,661

)

15,661

-

(15,661

)

15,661

-

Total

493,154

192,785

685,939

1.	STATUTORY INFORMATION

S & B Waste Management & Recycling 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 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. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents amounts chargeable in respect of goods and services supplied, excluding value added tax. Turnover from the provision of skips is recognised when the skips are physically delivered to the customer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

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.

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.

Plant and machinery

-

15% on reducing balance

Skips

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

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

Financial instruments

Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments, according to the substance of the contractual arrangement.

Financial instruments which are assets are stated at cost less provision for impairment. Financial liabilities are stated at principal capital amounts outstanding at the period end.

Taxation

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

Current or deferred taxation assets and liabilities are not discounted.

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

Deferred tax

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

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

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

Hire purchase and leasing commitments

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

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

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

Pension costs and other post-retirement benefits

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

3.	CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of 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 estimate is revised where the revision affects only that period, or in the period 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:

Useful economic lives of tangible assets

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

Impairment of debtors

The group makes an estimate of the recoverable value of trade debtors. When assessing impairment of trade debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors, levels of sales rebates and historical experience.

4.

TURNOVER

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

5.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

1,976,387

1,809,890

Social security costs

189,287

174,501

Other pension costs

32,801

28,432

2,198,475

2,012,823

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

2025

2024

Management

3

4

Administration

12

10

Direct Labour

50

50

65

64

2025

2024

£

£

Directors' remuneration

101,881

100,165

6.	OPERATING PROFIT

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

2025

2024

£

£

Hire of plant and vehicles

669,147

627,390

Depreciation - owned assets

134,426

177,465

Depreciation - assets on hire purchase contracts

12,149

-

Profit on disposal of fixed assets

(1,000

)

-

Goodwill amortisation

8,876

8,876

Auditors' remuneration

14,700

7,000

Auditors' remuneration for non audit work

-

6,000

7.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Corporation tax interest

966

-

Hire purchase

751

5,242

1,717

5,242

8.

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

786,124

1,071,305

Deferred tax

(38,894

)

27,300

Tax on profit

747,230

1,098,605

Reconciliation of total tax charge included in profit and loss

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

2025

2024

£

£

Profit before tax

3,084,729

4,171,420

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

771,182

1,042,855

Effects of:

Expenses not deductible for tax purposes

2,796

6,384

Depreciation in excess of capital allowances

2,219

49,366

Group relief

(28,967

)

-

Total tax charge

747,230

1,098,605

9.

DIVIDENDS

2025

2024

£

£

Interim

3,207,500

1,000,000

10.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

88,760

AMORTISATION

At 1 April 2024

71,008

Amortisation for year

8,876

At 31 March 2025

79,884

NET BOOK VALUE

At 31 March 2025

8,876

At 31 March 2024

17,752

11.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

Skips

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

615,746

122,250

366,090

37,474

1,141,560

Disposals

-

-

(16,000

)

-

(16,000

)

At 31 March 2025

615,746

122,250

350,090

37,474

1,125,560

DEPRECIATION

At 1 April 2024

182,527

72,117

167,895

12,620

435,159

Charge for year

64,983

30,564

47,299

3,729

146,575

Eliminated on disposal

-

-

(7,000

)

-

(7,000

)

At 31 March 2025

247,510

102,681

208,194

16,349

574,734

NET BOOK VALUE

At 31 March 2025

368,236

19,569

141,896

21,125

550,826

At 31 March 2024

433,219

50,133

198,195

24,854

706,401