Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

M P Johnson
M Nada

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
30 December 2025

And signed on behalf of the board by:
Name: M P Johnson
Status: Director

Profit And Loss Account

for the Period Ended 31 December 2024

	2024	2023
	£	£
Turnover:	5,183,137	7,432,339
Cost of sales:	( 2,628,838 )	( 2,552,984 )
Gross profit(or loss):	2,554,299	4,879,355
Distribution costs:	0	0
Administrative expenses:	( 2,885,687 )	( 7,966,612 )
Other operating income:	0	1,128
Operating profit(or loss):	(331,388)	(3,086,129)
Interest receivable and similar income:	0	0
Interest payable and similar charges:	( 324,769 )	( 125,757 )
Profit(or loss) before tax:	(656,157)	(3,211,886)
Tax:		( 47,584 )
Profit(or loss) for the financial year:	(656,157)	(3,259,470)

Balance sheet

As at 31 December 2024

	Notes	2024	2023
		£	£
Fixed assets
Intangible assets:		0	0
Tangible assets:	3	4,971,462	3,453,704
Investments:		0	0
Total fixed assets:		4,971,462	3,453,704
Current assets
Stocks:	4	665,999	1,051,427
Debtors:	5	1,064,492	10,270,383
Cash at bank and in hand:		338,223	287,972
Investments:		0	0
Total current assets:		2,068,714	11,609,782
Creditors: amounts falling due within one year:	6	( 1,465,983 )	( 17,228,866 )
Net current assets (liabilities):		602,731	(5,619,084)
Total assets less current liabilities:		5,574,193	( 2,165,380)
Creditors: amounts falling due after more than one year:	7	( 9,985,978 )	( 128,452 )
Provision for liabilities:		0	( 656,204 )
Accruals and deferred income:		0	0
Total net assets (liabilities):		(4,411,785)	(2,950,036)
Capital and reserves
Called up share capital:		100	100
Share premium account:		0	0
Other reserves:		0	0
Profit and loss account:		(4,411,885 )	(2,950,136 )
Total Shareholders' funds:		( 4,411,785 )	(2,950,036)

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2024

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

  Turnover policy

  Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Sale of goods turnover is recognised when the significant risks and rewards of ownership transfer to the buyer. Rendering of services turnover is recognised by reference to the stage of completion of the contract.

  Tangible fixed assets depreciation policy

  Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery etc - 3-5 years with batteries at 3 years useful life and some LEVs 4-7 years.

  Intangible fixed assets amortisation policy

  Other intangible assets are trademarks. They are amortised to profit and loss account over their estimated economic life of 10 years.

  Valuation information and policy

  Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Stock is held on an average cost basis.

  Other accounting policies

  Taxation, Deferred tax, Foreign currencies, Hire purchase and leasing commitments, Pension costs, Financial instruments

Notes to the Financial Statements

for the Period Ended 31 December 2024

• 2. Employees

  	2024	2023
  Average number of employees during the period	44	91

  These employee numbers are provisional figures pending final audit confirmation by Granite Morgan Smith Limited. Full audited employee data will be filed with amended accounts in January 2026.