REGISTERED NUMBER: 00808400 (England and Wales)

E E BLYTH & CO LIMITED

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

AUDITED

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2025

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

5

Report of the Independent Auditors

7

Consolidated Income Statement

11

Consolidated Other Comprehensive Income

12

Consolidated Balance Sheet

13

Company Balance Sheet

15

Consolidated Statement of Changes in Equity

16

Company Statement of Changes in Equity

17

Consolidated Cash Flow Statement

18

Notes to the Consolidated Cash Flow Statement

19

Notes to the Consolidated Financial Statements

21

DIRECTORS:

Dr N Blyth

Ms P A Shepherd

P E Blyth

SECRETARY:

Ms P A Shepherd

REGISTERED OFFICE:

Carlton Industrial Estate

Carlton in Lindrick

Worksop

Nottinghamshire

S81 9LB

REGISTERED NUMBER:

00808400 (England and Wales)

AUDITORS:

Xeinadin Audit Limited

Statutory Auditor, Chartered Accountants

Sidings House, Sidings Court

Lakeside

Doncaster

South Yorkshire

DN4 5NU

REVIEW OF BUSINESS

The group comprises the parent company and a number of operating subsidiaries, including overseas operations. The results and financial position of the group are prepared by consolidating financial information received from each subsidiary, using accounting policies consistent with those of the parent company. The directors maintain ongoing oversight of the group’s operations through regular reporting, review of financial performance and engagement with local management, and are satisfied that appropriate processes are in place to monitor performance and manage risks across the group.

The principal activity of the Group continues to be that of precious stone and metal merchants.

As reported in the profit and loss account the group revenue has shown a decrease in the year from £17,819,230 in 2024 to £17,607,337 in the current year, a decrease of 1.19%. Profit after tax has increased from £1,061,018 in 2024 to £1,297,913 in the current year. The balance sheet shows that the Group's net asset position at the year-end has increased from £24,123,583 to £25,327,662, representing the profits generated in the year less any dividends paid to the group's shareholders.

FINANCIAL KEY PERFORMANCE INDICATORS

2025

2024

Turnover

£17,607,337

£17,819,230

Gross Profit

£2,813,827

£2,597,129

Gross Profit Margin

15.98%

14.58%

Profit After Tax

£1,297,913

£1,061,018

Net Current Assets

£21,635,385

£20,203,277

Net Assets

£25,327,662

£24,123,583

Going concern

Whilst the Report of the directors and Financial Statements are focused on the financial results from 2025, the company's directors are mindful of the impacts of the macroeconomic conditions on the short to medium term resilience of the company. Due to the uncertainty caused by the macroeconomic landscape, the directors have looked at the resilience of the company to stay in business over the next 12 months. Three key measures have been looked at to determine if that position is reasonable, namely, income, expenditure, and cash flow. Based on a forecast of the likely activity in each of these areas the directors are satisfied that this position remains appropriate.

Cash flow

Based on the forecasted income and expenditure cash flow remains at a level above which is required to meet the debts of the company as they fall due.

The company's activities expose it to a number of financial risks including cash flow risk, credit risk, liquidity risk and price risk. The use of financial derivatives is governed by the Group's policies approved by the board of directors, which provide principles on the use of financial derivatives to manage these risks. The company does not use derivative financial instruments for speculative purposes.

Overall, the directors consider the results for the year to be satisfactory.

PRINCIPAL RISKS AND UNCERTAINTIES

Management continually monitor the key risks facing the group together with assessing the controls used for

monitoring these risks. The group has always had a stable financial background so the directors continue to hold the opinion that the group will be able to meet its commitments to the future.

The principal risks and uncertainties facing the company are therefore as follows:

Credit Risk

The group has a policy that requires appropriate credit checks to be made on its customers. Regular reviews of customer accounts are made to ensure that payments are received within prearranged credit limits.

Economic Risk

The group provides materials for use in the steel industry and marble and similar materials for the building industry. It maintains close relationships with its key customers in order to be able to identify the early signs of potential financial difficulties and declines in local business. Sales trends in major markets are constantly reviewed to enable early action to be taken in the event of sales declining in the sector. The group companies have close working relationships with their customers and therefore know the customers needs. The companies source appropriate materials for its customers.

Competitor Risk

The market in which the group operates is considered to be competitive and therefore competitor pressure can result in sales fluctuations. The company manages the risk by providing quality products and maintaining strong relations with its key customers because of its supplier contacts through the world.

Supplier Risk

The group purchases products from all over the world but is currently reliant on certain suppliers giving rise to

potential inflationary pricing pressure and has to meet currency fluctuations. The group manages this risk by monitoring its existing suppliers against other material supplier and by seeking alternative suppliers that may be used.. The company realises its risks in currency fluctuations and manages its transactions to take advantage of any substantive movements by holding funds in certain currencies where substantial volume of business are coordination.

Loss of key personnel

The directors acknowledge that loss of key personnel from within the group could present some operational difficulties for the company. Management seeks to ensure that key personnel are encouraged to ensure that good performance is recognised and also to encourage its existing employees to gain senior positions.

MARKET STRATEGIES AND OPPORTUNITIES

The company's market strategy is focused on strengthening its competitive position and expanding market share through a combination of new product development, customer retention, and geographic expansion. A key element of this strategy is improving customer satisfaction and building long-term relationships, which helps maintain a loyal customer base and drive repeat business. This is supported by enhanced service offerings, personalized experiences, and ongoing investments in customer support.

Additionally, the company is identifying and capitalizing on emerging opportunities to further its growth. By leveraging these strategies and opportunities, the company aims to achieve sustainable growth, boost profitability, and position itself for continued success in a competitive marketplace.

EVENTS SUBSEQUENT TO YEAR-END

Since the year end, the Group has continued to be involved in an ongoing legal matter relating to a subsidiary. Hearings have taken place; however, the matter has not yet been concluded and the final outcome and any related financial impact remain uncertain at the date of approval of the financial statements.

ON BEHALF OF THE BOARD:

Ms P A Shepherd - Director

23 December 2025

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

DIVIDENDS

After payment of the ordinary dividend of £74,000, the profit for the year attributable to the equity holders of the Company was £477,735.

FUTURE DEVELOPMENTS

Trading for the group will continue to be competitive. The group will, however, continue its successful management policies to assist it to overcome the uncertainties, in trade and the fluctuating rates of currency exchange, in the forthcoming year. The move from European Union does not appear to have had any major effects on results to date. This is due to the groups global trading ability.

The group will continue its previously successful policy of treating the world as both its supplier and market and will continue to search for further product markets for both purchases and sales.

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS

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

Dr N Blyth

Ms P A Shepherd

P E Blyth

POLITICAL DONATIONS AND EXPENDITURE

The Company and its subsidiaries made no political donations and incurred no political expenditure during the year (2024: £nil).

STATEMENT OF DIRECTORS' RESPONSIBILITIES

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

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

-	select suitable accounting policies and then apply them consistently;

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

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

AUDITORS

The auditors, Xeinadin Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Ms P A Shepherd - Director

23 December 2025

Disclaimer of Opinion on the Group Financial Statements

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

We do not express an opinion on the group financial statements of E E Blyth & Co Limited and its subsidiaries for the year ended 31 March 2025. Because of the significance of the matters described in the Basis for Disclaimer of Opinion section of our report, we have not been able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion on these group financial statements.

In our opinion, the parent company financial statements of E E Blyth & Co Limited give a true and fair view of the state of the parent company’s affairs as at 31 March 2025 and have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice and the requirements of the Companies Act 2006.

Basis for Disclaimer of Opinion

Blyth & Co (Japan) Limited is a material subsidiary of the group whose financial statements for the year ended 31 March 2025 were not audited. Although we obtained management-prepared financial information, including signed financial statements, a full trial balance and analytical explanations, we were unable to obtain sufficient appropriate audit evidence over the subsidiary’s underlying accounting records, transactions and balances. As a result, we were unable to determine whether any adjustments were necessary in respect of amounts included in the consolidated financial statements relating to this subsidiary.

In addition, we did not attend the year-end stocktake of Blyth Marble Limited and were therefore unable to obtain sufficient appropriate audit evidence regarding the existence and condition of inventory held at 31 March 2025.

Furthermore, Blyth Marble Limited is carrying on the Statement of Financial Position at 31 March 2025 an amount in Provisions for Liabilities of £360,000 relating to events subsequent to the year-end, as disclosed in the strategic report and notes to the Financial Statements. We are unable to obtain sufficient appropriate evidence relating to liability due to the matter ongoing at the date of sign-off. Management have provided for based on their best estimates however the final outcome and related financial impact remains uncertain. We modify our audit opinion in this respect.

The matters described above are fundamental to the group financial statements and affect multiple elements of the consolidated statement of financial position, consolidated statement of profit or loss, other comprehensive income and related disclosures. Accordingly, the possible effects of these matters are material and pervasive to the group financial statements.

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. Because of the matters described above, we were unable to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion on the group financial statements.

Conclusions relating to going concern

Because of the matters described in the Basis for Disclaimer of Opinion section of our report, we were unable to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion on the group financial statements. Accordingly, we do not express a conclusion on the group’s ability to continue as a going concern.

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

Other information

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

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Matters on which we are required to report by exception

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

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

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

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

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

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

Responsibilities of directors

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

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

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Because of the matters described in the Basis for Disclaimer of Opinion section of our report, we were unable to obtain sufficient appropriate audit evidence to achieve these objectives in respect of the group financial statements.

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

Detecting Irregularities

Based on our understanding of the company, we identified that the principal risks of non-compliance with the laws and regulations specific to the industry and corporation tax legislation and we considered the extent to which

non-compliance might have a material effect on the financial statements. As part of this assessment we considered both quantitative and qualitative factors. We also considered those laws and regulations that have a direct impact on the preparation on the financial statements, such as the Companies Act 2006 and FRS 102.

We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements which included the risk of management override of controls. We determined that the principal risks were related to posting inappropriate journal entries, omitting, advancing or delaying recognition of events and transactions that have occurred during or after the reporting period, and potential management bias in the determination of accounting estimates or judgements to manipulate results.

Audit procedures performed by the engagement team include:

- Enquiring of and obtaining written representation from management in relation to known or suspected instances of

non-compliance with laws and regulations and fraud;

- Enquiring of entity staff in tax and compliance functions to identify any instances of non-compliance with laws and

regulations;

- Evaluation of management's controls designed to prevent and detect irregularities;

- Identifying and, where relevant, testing journal entries posted by senior management or with unusual combinations;

- Assessing and evaluating the business rationale of significant transactions outside the normal course of business;

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with

applicable laws and regulations;

- Incorporating elements of unpredictability into the nature, timing and/or extent of audit procedures performed.

There are inherent limitations in the audit procedures described above 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 would become aware of it. Also, 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 or intentional misrepresentation, or through collusion.

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.

Andrew Cribb FCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

Statutory Auditor, Chartered Accountants

Sidings House, Sidings Court

Lakeside

Doncaster

South Yorkshire

DN4 5NU

30 December 2025

TURNOVER

3

17,607,337

17,819,230

Cost of sales

14,793,510

15,222,101

GROSS PROFIT

2,813,827

2,597,129

Administrative expenses

2,016,027

1,748,112

797,800

849,017

Other operating income

4

56,186

-

OPERATING PROFIT

7

853,986

849,017

Income from interest in associated undertakings

10

377,739

383,126

Income from fixed asset investments

11

-

35,169

Interest receivable and similar income

12

516,240

344,163

893,979

762,458

1,747,965

1,611,475

Interest payable and similar expenses

13

22,995

3,483

PROFIT BEFORE TAXATION

1,724,970

1,607,992

Tax on profit

14

427,057

546,974

PROFIT FOR THE FINANCIAL YEAR

1,297,913

1,061,018

Profit attributable to:

Owners of the parent

1,227,940

998,099

Non-controlling interests

69,973

62,919

1,297,913

1,061,018

PROFIT FOR THE YEAR

1,297,913

1,061,018

OTHER COMPREHENSIVE INCOME

Legal reserve movement

44,762

-

Income tax relating to other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

44,762

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,342,675

1,061,018

Total comprehensive income attributable to:

Owners of the parent

1,272,702

998,099

Non-controlling interests

69,973

62,919

1,342,675

1,061,018

FIXED ASSETS

Intangible assets

17

(185,613

)

(211,818

)

Tangible assets

18

2,711,853

2,760,795

Investments

19

Interest in associate

1,048,691

736,605

Investment property

20

829,650

829,650

4,404,581

4,115,232

CURRENT ASSETS

Stocks

21

6,185,023

4,814,257

Debtors

22

4,372,356

4,199,911

Cash at bank and in hand

13,935,866

13,245,953

24,493,245

22,260,121

CREDITORS

Amounts falling due within one year

23

2,857,860

2,056,844

NET CURRENT ASSETS

21,635,385

20,203,277

TOTAL ASSETS LESS CURRENT LIABILITIES

26,039,966

24,318,509

CREDITORS

Amounts falling due after more than one year

24

(335,765

)

(167,195

)

PROVISIONS FOR LIABILITIES

26

(376,539

)

(27,731

)

NET ASSETS

25,327,662

24,123,583

CAPITAL AND RESERVES

Called up share capital

27

1,000,000

1,000,000

Other reserves

28

1,264,446

1,219,684

Retained earnings

28

21,888,889

20,799,545

SHAREHOLDERS' FUNDS

24,153,335

23,019,229

NON-CONTROLLING INTERESTS

29

1,174,327

1,104,354

TOTAL EQUITY

25,327,662

24,123,583

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

Ms P A Shepherd - Director

FIXED ASSETS

Intangible assets

17

-

-

Tangible assets

18

2,558,544

2,558,544

Investments

19

4,467,848

4,467,848

Investment property

20

829,650

829,650

7,856,042

7,856,042

CURRENT ASSETS

Debtors

22

4,315,214

3,721,904

Cash at bank and in hand

78,091

134,558

4,393,305

3,856,462

CREDITORS

Amounts falling due within one year

23

65,836

6,728

NET CURRENT ASSETS

4,327,469

3,849,734

TOTAL ASSETS LESS CURRENT LIABILITIES

12,183,511

11,705,776

CAPITAL AND RESERVES

Called up share capital

27

1,000,000

1,000,000

Other reserves

3,628,155

3,628,155

Retained earnings

7,555,356

7,077,621

SHAREHOLDERS' FUNDS

12,183,511

11,705,776

Company's profit for the financial year

551,735

438,538

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

Ms P A Shepherd - Director

Called up

share

Retained

Other

capital

earnings

reserves

£

£

£

Balance at 1 April 2023

1,000,000

19,925,446

1,219,684

Changes in equity

Dividends

-

(124,000

)

-

Total comprehensive income

-

998,099

-

Balance at 31 March 2024

1,000,000

20,799,545

1,219,684

Changes in equity

Dividends

-

(138,596

)

-

Total comprehensive income

-

1,227,940

44,762

Balance at 31 March 2025

1,000,000

21,888,889

1,264,446

Non-controlling

Total

Total

interests

equity

£

£

£

Balance at 1 April 2023

22,145,130

1,041,435

23,186,565

Changes in equity

Dividends

(124,000

)

-

(124,000

)

Total comprehensive income

998,099

62,919

1,061,018

Balance at 31 March 2024

23,019,229

1,104,354

24,123,583

Changes in equity

Dividends

(138,596

)

-

(138,596

)

Total comprehensive income

1,272,702

69,973

1,342,675

Balance at 31 March 2025

24,153,335

1,174,327

25,327,662

Called up

share

Retained

Other

Total

capital

earnings

reserves

equity

£

£

£

£

Balance at 1 April 2023

1,000,000

6,763,083

3,628,155

11,391,238

Changes in equity

Dividends

-

(124,000

)

-

(124,000

)

Total comprehensive income

-

438,538

-

438,538

Balance at 31 March 2024

1,000,000

7,077,621

3,628,155

11,705,776

Changes in equity

Dividends

-

(74,000

)

-

(74,000

)

Total comprehensive income

-

551,735

-

551,735

Balance at 31 March 2025

1,000,000

7,555,356

3,628,155

12,183,511

Cash flows from operating activities

Cash generated from operations

1

481,406

2,859,108

Interest paid

(22,995

)

(3,483

)

Tax paid

(438,249

)

(403,739

)

Net cash from operating activities

20,162

2,451,886

Cash flows from investing activities

Purchase of tangible fixed assets

(42,992

)

(59,500

)

Purchase of fixed asset investments

-

(8,130

)

Sale of tangible fixed assets

3,600

10,418

Sale of fixed asset investments

-

856,830

Interest received

516,240

344,163

Dividends received

377,739

418,295

Net cash from investing activities

854,587

1,562,076

Cash flows from financing activities

New loans in year

-

269,810

Loan repayments in year

249,579

-

Amount introduced by directors

16,265

25,500

Income from foreign partnership

(312,084

)

(106,047

)

Equity dividends paid

(138,596

)

(124,000

)

Net cash from financing activities

(184,836

)

65,263

Increase in cash and cash equivalents

689,913

4,079,225

Cash and cash equivalents at beginning of year

2

13,245,953

9,166,728

Cash and cash equivalents at end of year

2

13,935,866

13,245,953

1.	RECONCILIATION OF PROFIT FOR THE FINANCIAL YEAR TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

Profit for the financial year

1,297,913

1,061,018

Depreciation charges

65,578

67,369

Profit on disposal of fixed assets

(3,600

)

(3,750

)

Provision for exceptional items

360,000

-

Finance costs

22,995

3,483

Finance income

(893,979

)

(762,458

)

Taxation

427,057

546,974

1,275,964

912,636

(Increase)/decrease in stocks

(1,370,766

)

2,717,758

Increase in trade and other debtors

(13,453

)

(454,254

)

Increase/(decrease) in trade and other creditors

589,661

(317,032

)

Cash generated from operations

481,406

2,859,108

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

13,935,866

13,245,953

Year ended 31 March 2024

31.3.24

1.4.23

£

£

Cash and cash equivalents

13,245,953

9,166,728