REGISTERED NUMBER: 02899530 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 31 MARCH 2024 TO 29 MARCH 2025

FOR

LE LIEN LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Statement of Income and Retained Earnings

8

Balance Sheet

9

Cash Flow Statement

10

Notes to the Cash Flow Statement

11

Notes to the Financial Statements

12

DIRECTORS:

C P Driver

M A Marshall

L P A Fawsitt

SECRETARY:

M A Marshall

REGISTERED OFFICE:

Suite 3B Gatwick House

Peeks Brook Lane

Horley

Surrey

RH6 9ST

REGISTERED NUMBER:

02899530 (England and Wales)

AUDITORS:

Sumer Audit

Sumer Audit is the trading name of

Sumer Auditco Limited

26 Stroudley Road

Brighton

East Sussex

BN1 4BH

BANKERS:

National Westminster Bank Plc

27 Woodcote Road

Wallington

Surrey

SM6 0LH

The directors present their strategic report for the period 31 March 2024 to 29 March 2025.

REVIEW OF BUSINESS

The directors are pleased with the strong performance of the company during the period to 29 March 2025.

During the period, the business continued to grow, with customer numbers up 1.3% and sales volumes up 0.7% compared to the prior period. These increases were offset by a 2.3% fall in the average sales price per kilogram, resulting in a 1.6% decrease in turnover compared to 2024.

Gross profit margins decreased by 0.4% to 9.2% (2024: 9.6%). Profit before tax increased by £9,999 to £49,261 (2024: £39,262). Dividends paid during the period were £nil (2024: £nil).

The directors are confident that the company's position at the year end, supported by growing customer numbers and sales volumes, will result in another successful year of trading in 2025 and 2026.

To measure the performance of the company, the directors use the following key performance indicators:

2025

2024

% Change

Turnover

£55,232,369

£56,117,455

-1.6%

Gross Profit

£5,054,855

£5,360,652

-5.7%

Gross Profit Margin

9.2%

9.6%

-0.4%

Profit Before Tax

£49,261

£39,262

25.5%

PRINCIPAL RISKS AND UNCERTAINTIES

The business is exposed to fluctuations in Sterling, Euro and US Dollar exchange rates. The company's strategy for managing this risk is to use forward foreign currency contracts to fix exchange rates on material payments.

Brexit continues to have the potential to affect the company's operations and financial performance due to ongoing changes in importation requirements and locations. The directors continue to mitigate this through consultation with industry bodies, suppliers and haulage contractors.

ON BEHALF OF THE BOARD:

M A Marshall - Secretary

16 December 2025

The directors present their report with the financial statements of the company for the period 31 March 2024 to 29 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the period under review was that of selling and distribution of seafood and foodstuffs. The company also trades from a market branch as a fish wholesaler under the trading name of 'Fawsitt Fish'.

DIVIDENDS

The total distribution of dividends for the period ended 29 March 2025 was £nil (2024: £nil).

DIRECTORS

The directors shown below have held office during the whole of the period from 31 March 2024 to the date of this report.

C P Driver

M A Marshall

L P A Fawsitt

DIRECTORS' RESPONSIBILITIES STATEMENT

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), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 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.

ON BEHALF OF THE BOARD:

M A Marshall - Secretary

16 December 2025

Opinion

We have audited the financial statements of Le Lien Limited (the 'company') for the period ended 29 March 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet, 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 29 March 2025 and of its profit for the period 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 Directors' Responsibilities Statement set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue 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 identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks.

Audit approach to identifying and assessing potential risks related to irregularities

Our procedures for identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, included the following:

- Enquiring of management, including obtaining and reviewing supporting documentation, concerning the company's policies and procedures relating to:

- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;

- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; and

- the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations.

- Discussing among the engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

- Obtaining an understanding of the legal and regulatory frameworks that the company operates in, focusing on those laws and regulations that had a direct effect on the financial statements or that had a fundamental effect on the operations of the company.

The key laws and regulations we considered to have a direct effect on the financial statements included the Financial Reporting Standard FRS 102 "The Financial Reporting applicable in the UK and Republic of Ireland" and the Companies Act 2006, distributable profits 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.

Audit approach in response to identified risks

Our procedures to respond to risks identified included the following:

- Enquiring of management and, where appropriate, those charged with governance, as to whether the entity is in compliance with such laws and regulations.

- Inspecting correspondence, if any, with the relevant licensing or regulatory authorities.

- Reviewing the financial statement disclosures and test to supporting documentation to assess compliance with reporting requirements.

- Reviewing meeting minutes where available for any indication of non-compliance.

- In addressing the risk of fraud through management override of controls, 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. We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

- Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud.

Through these procedures, we have not become aware of any actual or suspected non-compliance.

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. This is particularly true for those laws and regulations far removed from transactions reflected in the financial statements. As with any audit, there remained a higher risk of non-detection of irregularities that result from fraud, due to an implied intent behind this, than from those that result from error. As stated in the audit standards, 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.

Guy Rolliston (Senior Statutory Auditor)

for and on behalf of Sumer Audit

Sumer Audit is the trading name of

Sumer Auditco Limited

26 Stroudley Road

Brighton

East Sussex

BN1 4BH

29 December 2025

TURNOVER

3

55,232,369

56,117,455

Cost of sales

50,177,514

50,756,803

GROSS PROFIT

5,054,855

5,360,652

Administrative expenses

5,304,131

5,323,051

(249,276

)

37,601

Other operating income

287,850

-

OPERATING PROFIT

5

38,574

37,601

Interest receivable and similar income

10,687

1,712

49,261

39,313

Amounts written off investments

6

-

51

PROFIT BEFORE TAXATION

49,261

39,262

Tax on profit

7

11,319

7,406

PROFIT FOR THE FINANCIAL PERIOD

37,942

31,856

Retained earnings at beginning of period

3,761,076

3,729,220

RETAINED EARNINGS AT END OF PERIOD

3,799,018

3,761,076

FIXED ASSETS

Tangible assets

8

15,624

24,884

Investments

9

1

1

15,625

24,885

CURRENT ASSETS

Stocks

10

256,119

218,781

Debtors

11

7,168,598

7,343,364

Cash at bank and in hand

1,927,888

1,183,180

9,352,605

8,745,325

CREDITORS

Amounts falling due within one year

12

5,553,119

4,993,041

NET CURRENT ASSETS

3,799,486

3,752,284

TOTAL ASSETS LESS CURRENT LIABILITIES

3,815,111

3,777,169

PROVISIONS FOR LIABILITIES

15

5,000

5,000

NET ASSETS

3,810,111

3,772,169

CAPITAL AND RESERVES

Called up share capital

16

11,093

11,093

Retained earnings

17

3,799,018

3,761,076

SHAREHOLDERS' FUNDS

3,810,111

3,772,169

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

M A Marshall - Director

C P Driver - Director

Cash flows from operating activities

Cash generated from operations

1

734,313

1,350,492

Tax paid

(12,500

)

(218,614

)

Taxation refund

12,333

-

Net cash from operating activities

734,146

1,131,878

Cash flows from investing activities

Purchase of tangible fixed assets

(125

)

(8,910

)

Loan to third party

-

(97,675

)

Interest received

10,687

1,712

Net cash from investing activities

10,562

(104,873

)

Cash flows from financing activities

Amount introduced by directors

-

75,000

Amount withdrawn by directors

-

(75,000

)

Net cash from financing activities

-

-

Increase in cash and cash equivalents

744,708

1,027,005

Cash and cash equivalents at beginning of period

2

1,183,180

156,175

Cash and cash equivalents at end of period

2

1,927,888

1,183,180

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

Period

Period

31/3/24

2/4/23

to

to

29/3/25

30/3/24

£

£

Profit before taxation

49,261

39,262

Depreciation charges

9,341

9,771

Loss on disposal of fixed assets

44

-

Impairment of investment

-

51

Finance income

(10,687

)

(1,712

)

47,959

47,372

(Increase)/decrease in stocks

(37,338

)

85,489

Decrease in trade and other debtors

168,683

298,030

Increase in trade and other creditors

555,009

919,601

Cash generated from operations

734,313

1,350,492

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:

Period ended 29 March 2025

29/3/25

31/3/24

£

£

Cash and cash equivalents

1,927,888

1,183,180

Period ended 30 March 2024

30/3/24

2/4/23

£

£

Cash and cash equivalents

1,183,180

156,175

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 31/3/24

Cash flow

At 29/3/25

£

£

£

Net cash

Cash at bank and in hand

1,183,180

744,708

1,927,888

1,183,180

744,708

1,927,888

Total

1,183,180

744,708

1,927,888

1.	STATUTORY INFORMATION

Le Lien Limited is a private company, limited by shares, incorporated in England and Wales. The company's registered number and registered address can be found on the General Information page.

The presentational currency of the financial statements is the Pound Sterling (£).

Monetary amounts in these financial statements are rounded to the nearest whole £1. The financial statements are presented in sterling, which is also the functional currency of the Company.

2.	ACCOUNTING POLICIES

Statement of compliance and summary of significant accounting policies

These financial statements have been prepared in accordance with Financial Reporting Standard FRS 102 "The Financial Reporting 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 recognition of certain financial assets and liabilities measured at fair value.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Preparation of consolidated financial statements

The financial statements contain information about Le Lien Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 402 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as its subsidiary undertakings are not material for the purpose of giving a true and fair view, individually and in aggregate.

Related party exemption

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

Significant judgements and estimates

In the application of the company's accounting policies, which are described below, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based in 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 if the revision affects only that period,or in the period of the revision and future periods if the revision affects both the current and future periods.

There are no key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements and therefore no additional disclosure is provided in this regard.

Revenue recognition

Revenue comprises the fair value of the consideration received or receivable for the sale and distribution of goods in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns and rebates.

Revenue is attributable to the wholesale of fish, and recognised when the goods have been delivered and legal title has passed.

Interest received is recognised using the effective interest method.

Tangible fixed assets

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

Short leasehold

- over the lease term

Fixtures and fittings

- 25% on reducing balance and 20% on reducing balance

Computer equipment

- 33% on cost, 25% on reducing balance and 20% on cost

Tangible fixed assets are stated at cost less accumulated depreciation less accumulated impairment losses.

Cost includes costs directly attributable to making the asset capable of operating as intended by management.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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

(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances, investments in commercial paper and unlisted investments, are initially recognised at transaction price.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors and bank loans are initially recognised at transaction price.

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

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged cancelled or expires.

(iii) Derivative financial instruments

The company uses forward foreign currency contracts to reduce exposure to foreign exchange rates.

Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit and loss in finance costs or income as appropriate.

The company does not currently apply hedge accounting for foreign exchange derivatives.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 period 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.

Foreign currencies

The financial statements are presented in Sterling, the presentational and functional currency of the company. Transactions in currencies, other than Sterling, are recorded at the exchange rate on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rates of exchange prevailing at the balance sheet date. All differences are taken to the statement of comprehensive income. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

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.

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.

Short-term employee benefits are recognised as an expense in the period in which they are incurred.

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 the statement of comprehensive income unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3.

TURNOVER

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

An analysis of turnover by geographical market is given below:

Period

Period

31/3/24

2/4/23

to

to

29/3/25

30/3/24

£

£

United Kingdom

54,994,283

55,808,880

Europe

238,086

308,575

55,232,369

56,117,455

4.	EMPLOYEES AND DIRECTORS

Period

Period

31/3/24

2/4/23

to

to

29/3/25

30/3/24

£

£

Wages and salaries

4,234,957

4,373,150

Social security costs

566,983

593,833

Other pension costs

47,392

45,678

4,849,332

5,012,661

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

Period

Period

31/3/24

2/4/23

to

to

29/3/25

30/3/24

Sales and administration

21

21

Period

Period

31/3/24

2/4/23

to

to

29/3/25

30/3/24

£

£

Directors' remuneration

3,372,807

3,525,729

Directors' pension contributions to money purchase schemes

30,000

28,197

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes

3

3

Information regarding the highest paid director is as follows:

Period

Period

31/3/24

2/4/23

to

to

29/3/25

30/3/24

£

£

Emoluments etc

1,682,896

1,763,161

Pension contributions to money purchase schemes

10,000

9,399

There are no key management personnel other than the directors.

5.	OPERATING PROFIT

The operating profit is stated after charging:

Period

Period

31/3/24

2/4/23

to

to

29/3/25

30/3/24

£

£

Other operating leases

151,912

145,029

Depreciation - owned assets

9,341

9,771

Loss on disposal of fixed assets

44

-

Auditors' remuneration

14,110

14,380

Auditors' remuneration for non audit work

6,200

6,260

Foreign exchange differences

1,169

1,544

6.

AMOUNTS WRITTEN OFF INVESTMENTS

Period

Period

31/3/24

2/4/23

to

to

29/3/25

30/3/24

£

£

Amounts written off investment

in subsidiary undertaking

-

51

7.

TAXATION

Analysis of the tax charge

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

Period

Period

31/3/24

2/4/23

to

to

29/3/25

30/3/24

£

£

Current tax:

UK corporation tax

11,319

7,406

Tax on profit

11,319

7,406