REGISTERED NUMBER: 03737792 (England and Wales)

STRATEGIC REPORT, DIRECTORS' REPORT AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

INTELLIGENT WORKPLACE SOLUTIONS LTD

Page

Company Information

1

Strategic Report

2

Directors' Report

3

Report of the Independent Auditors

4

Income Statement

8

Other Comprehensive Income

9

Statement of Financial Position

10

Statement of Changes in Equity

11

Statement of Cash Flows

12

Notes to the Statement of Cash Flows

13

Notes to the Financial Statements

14

DIRECTORS:

S R Guthrie

M Wells

G Jones

V E S Barcock

SECRETARY:

G Jones

REGISTERED OFFICE:

Unit 201, Second Floor

Metroline House

118-122 College Road

Harrow

Middlesex

HA1 1BQ

REGISTERED NUMBER:

03737792 (England and Wales)

SENIOR STATUTORY AUDITOR:

Binoy Mistry BA FCA

AUDITORS:

EV Accountants Limited

Chartered Accountants & Statutory Auditors

Unit 201, Second Floor

Metroline House

118-122 College Road

Harrow

Middlesex

HA1 1BQ

EXECUTIVE SUMMARY

The Directors present their strategic report for Intelligent Workplace Solutions Ltd (Workplace) for the financial year ended 31 March 2025.

INTRODUCTION

Workplace is a Facilities Management Company (FM) operating nationally across the UK, providing a mixture of soft services, hard services, and total facilities management (TFM) contracts to a growing list of clients, predominantly in the corporate, education, and medical sectors.

Key objectives include further developing TFM and multi-service contracts to deliver added value to clients seeking agile solutions with partner contractors. We aim to continually develop class-leading support systems, processes, management practices, and transparency to demonstrate excellence in all key measurable areas of the business.

REVIEW OF BUSINESS

Current State Analysis

The company achieved a turnover of £12,649,591 (2024: £11,476,935), reflecting continued growth in its core cleaning services business.

Gross profit for the year was £2,200,852 (2024: £2,078,398), and operating profit was £493,007 (2024: £388,898).

After accounting for finance costs and taxation, the profit for the financial year was £244,696 (2024: £305,955).

Administrative expenses remained well controlled at £1,707,845 (2024: £1,689,500). The company invested in tangible fixed assets of £109,809 and maintained a strong cash position with £422,464 at year end.

STRATEGIC GOALS

-

Short-term goal: Strengthen the balance sheet through continued cash and creditor management and margin improvement

-

Long-term goal: Enhance balance sheet strength to provide opportunities for strategic acquisitions that will develop revenue streams to meet our clients' growing requirements.

STRATEGIC INITIATIVES

-

Further develop carbon reduction scope 3 emissions through Planet Mark and work towards revised BCorp objectives to enhance our Environmental, Social and Governance (ESG) strategy.

-

Continue to develop the Learning Management System (LMS) to deliver training programs for all levels of our site-based and non-site-based management teams.

-

Prioritize initiatives based on impact and feasibility.

DIRECTORS STATEMENT AND DUTIES TOWARDS ALL STAKEHOLDERS

The Directors have considered:

-

The likely consequences of any decision in the long term, including investment in assets and staff.

-

The interests of the company's employees, demonstrated by ongoing training, fair remuneration, and a safe working environment.

-

The need to foster business relationships with suppliers, customers, and others, ensuring high standards of service and ethical conduct.

-

The impact of the company's operations on the community and the environment, including compliance with relevant regulations and support for local employment.

-

The desirability of maintaining a reputation for high standards of business conduct.

-

The need to act fairly between members of the company.

ON BEHALF OF THE BOARD:

M Wells - Director

31 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 provision of cleaning services.

DIVIDENDS

During the year dividends of £296,688 (2024 - £184,792) were paid. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31 March 2025 was £296,688 (2023 - £184,792).

DIRECTORS

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

S R Guthrie

M Wells

G Jones

V E S Barcock

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Directors' Report 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 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.

AUDITORS

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

ON BEHALF OF THE BOARD:

M Wells - Director

31 December 2025

Opinion

We have audited the financial statements of Intelligent Workplace Solutions Ltd (the 'company') for the year ended 31 March 2025 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the Statement of Cash Flows, 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.

Other matters - prior year unaudited

The comparative figures in these financial statements are unaudited, due to there being no requirement for an audit for the year ended 31 March 2024.

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 Directors' Report, 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 Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Directors' Report 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 Directors' Report.

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 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

-

the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

-

we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the industry in which the company operates;

-

we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation;

-

we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

-

identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

-

making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;

-

considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations; and

-

understanding the design of the company's remuneration policies.

To address the risk of fraud through management bias and override of controls, we:

-

performed analytical procedures to identify any unusual or unexpected relationships;

-

tested journal entries to identify unusual transactions;

-

assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and

-

investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

-

agreeing financial statement disclosures to underlying supporting documentation;

-

enquiring of management as to actual and potential litigation and claims; and

-

reviewing correspondence with HMRC, relevant regulators and the company's advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or 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.

Binoy Mistry BA FCA (Senior Statutory Auditor)

for and on behalf of EV Accountants Limited

Chartered Accountants & Statutory Auditors

Unit 201, Second Floor

Metroline House

118-122 College Road

Harrow

Middlesex

HA1 1BQ

31 December 2025

TURNOVER

12,649,591

11,476,935

Cost of sales

10,448,739

9,398,537

GROSS PROFIT

2,200,852

2,078,398

Administrative expenses

1,707,845

1,689,500

OPERATING PROFIT

4

493,007

388,898

Income from fixed asset investments

-

130,000

Interest receivable and similar income

17,633

6,637

17,633

136,637

510,640

525,535

Amounts written off investments

5

55,000

55,000

455,640

470,535

Interest payable and similar expenses

6

112,435

103,641

PROFIT BEFORE TAXATION

343,205

366,894

Tax on profit

7

98,509

60,939

PROFIT FOR THE FINANCIAL YEAR

244,696

305,955

PROFIT FOR THE YEAR

244,696

305,955

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

244,696

305,955

FIXED ASSETS

Intangible assets

9

-

-

Tangible assets

10

171,677

156,565

Investments

11

1,040,000

1,045,000

1,211,677

1,201,565

CURRENT ASSETS

Debtors

12

2,029,136

2,036,284

Cash at bank

422,464

861,900

2,451,600

2,898,184

CREDITORS

Amounts falling due within one year

13

2,364,698

2,694,529

NET CURRENT ASSETS

86,902

203,655

TOTAL ASSETS LESS CURRENT LIABILITIES

1,298,579

1,405,220

CREDITORS

Amounts falling due after more than one year

14

646,807

701,456

NET ASSETS

651,772

703,764

CAPITAL AND RESERVES

Called up share capital

17

50,688

50,688

Share premium

18

32,742

32,742

Capital redemption reserve

18

1,000

1,000

Retained earnings

18

567,342

619,334

SHAREHOLDERS' FUNDS

651,772

703,764

The financial statements were approved by the Board of Directors and authorised for issue on 31 December 2025 and were signed on its behalf by:

M Wells - Director

Called up

Capital

share

Retained

Share

redemption

Total

capital

earnings

premium

reserve

equity

£

£

£

£

£

Balance at 1 April 2023

50,688

498,171

32,742

1,000

582,601

Changes in equity

Dividends

-

(184,792

)

-

-

(184,792

)

Total comprehensive income

-

305,955

-

-

305,955

Balance at 31 March 2024

50,688

619,334

32,742

1,000

703,764

Changes in equity

Dividends

-

(296,688

)

-

-

(296,688

)

Total comprehensive income

-

244,696

-

-

244,696

Balance at 31 March 2025

50,688

567,342

32,742

1,000

651,772

Cash flows from operating activities

Cash generated from operations

1

782,078

513,408

Interest paid

(112,435

)

(103,641

)

Tax paid

(60,939

)

(54,639

)

Net cash from operating activities

608,704

355,128

Cash flows from investing activities

Purchase of tangible fixed assets

(109,809

)

(136,599

)

Purchase of fixed asset investments

(50,000

)

(440,000

)

Interest received

17,633

6,637

Dividends received

-

130,000

Net cash from investing activities

(142,176

)

(439,962

)

Cash flows from financing activities

New loans in year

130,000

300,000

Loan repayments in year

(136,634

)

(75,000

)

Amount introduced by directors

-

59

Amount withdrawn by directors

-

(830

)

Equity dividends paid

(296,688

)

(184,792

)

Net cash from financing activities

(303,322

)

39,437

Increase/(decrease) in cash and cash equivalents

163,206

(45,397

)

Cash and cash equivalents at beginning of year

2

259,258

304,655

Cash and cash equivalents at end of year

2

422,464

259,258

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

2025

2024

£

£

Profit before taxation

343,205

366,894

Depreciation charges

94,697

77,692

Amounts written off investments

55,000

55,000

Finance costs

112,435

103,641

Finance income

(17,633

)

(136,637

)

587,704

466,590

Decrease/(increase) in trade and other debtors

7,148

(403,762

)

Increase in trade and other creditors

187,226

450,580

Cash generated from operations

782,078

513,408

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 31 March 2025

31.3.25

1.4.24

£

£

Cash and cash equivalents

422,464

861,900

Bank overdrafts

-

(602,642

)

422,464

259,258

Year ended 31 March 2024

31.3.24

1.4.23

£

£

Cash and cash equivalents

861,900

499,501

Bank overdrafts

(602,642

)

(194,846

)

259,258

304,655

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1.4.24

Cash flow

At 31.3.25

£

£

£

Net cash

Cash at bank and in hand

861,900

(439,436

)

422,464

Bank overdrafts

(602,642

)

602,642

-

259,258

163,206

422,464

Debt

Debts falling due within 1 year

(100,000

)

(43,332

)

(143,332

)

Debts falling due after 1 year

(475,000

)

49,988

(425,012

)

(575,000

)

6,656

(568,344

)

Total

(315,742

)

169,862

(145,880

)

1.	STATUTORY INFORMATION

Intelligent Workplace Solutions 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.

Going concern

The financial statements have been prepared on the going concern basis and the directors confirm their belief in the company's ability to continue as a going concern for a period of at least twelve months from the date of approval of these financial statements.

Preparation of consolidated financial statements

The company is a parent undertaking but has not prepared consolidated financial statements in reliance on the exemption permitted by Section 399 of the Companies Act 2006 and FRS 102 paragraph 9.3, as all subsidiaries are immaterial to the group as a whole. Investments in subsidiary undertakings are therefore accounted for at cost less impairment in these financial statements.

Turnover

Turnover represents the total value of work done, excluding value added tax, of sales made during the year and derives from the provision of services falling within the Company's ordinary activities.

Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the statement of financial position date, turnover represents the value of the service provided to date based on a proportion of the total contract value. Where payments have been received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

Services provided can include recoverable expenses incurred by contractors where the company acts as principal.

Goodwill

Goodwill is being written off in equal annual instalments over its estimated economic 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

Tangible assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs.

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

Plant and Machinery 25% - 33% on cost

Investments in subsidiaries

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

Financial instruments

The company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issue' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year not amortised.

Clarification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at an amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts 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.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

8,370,274

8,153,189

Social security costs

483,655

81,809

Other pension costs

156,210

37,971

9,010,139

8,272,969

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

2025

2024

Administration

27

25

Directors

4

4

Cleaners

669

659

700

688

2025

2024

£

£

Directors' remuneration

115,110

101,821

4.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

£

Depreciation - owned assets

94,697

77,692

Auditors' remuneration

8,000

-

5.

AMOUNTS WRITTEN OFF INVESTMENTS

2025

2024

£

£

Impairment of investments

55,000

55,000

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Bank interest

50,041

57,039

Other loan interest

62,394

46,602

112,435

103,641

7.

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

95,580

60,939

Deferred tax

2,929

-

Tax on profit

98,509

60,939