REGISTERED NUMBER: 03594980 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

BETHELL UTILITY SERVICES LTD

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Income Statement

10

Other Comprehensive Income

11

Balance Sheet

12

Statement of Changes in Equity

13

Cash Flow Statement

14

Notes to the Financial Statements

15

DIRECTORS:

T A Kilroe

N Hopkins-Coman

C M Morley

P Connolly

T Ashall

J Finnegan

SECRETARY:

N Hopkins-Coman

REGISTERED OFFICE:

Dane House

Europa Park

Stoneclough Road

Kearsley

Manchester

M26 1GG

REGISTERED NUMBER:

03594980 (England and Wales)

INDEPENDENT AUDITORS:

Fairhurst Audit Services Ltd

Statutory Auditor

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

BANKERS:

Lloyds Bank plc

PO Box 349

53 King Street

Manhcester

M2 2LE

The directors present their strategic report for the year ended 30 September 2025.

ACTIVITIES

The principal activities of the Company in the year were operating as an Independent Connections Provide (ICP) for multi utility installations covering the water, gas and electricity infrastructure to both commercial and residential premises and the installation of Electric Vehicle (EV) charging infrastructure.

BUSINESS REVIEW

The Company had another challenging trading year due to the current economic conditions with turnover decreasing by 10% to £19.7m (2024: £22m). However, with a strong focus on cost control throughout the year, a higher gross margin was achieved of 16% (2024: 12%) and a gross profit of £3.1m (2024: £2.7m). The Company operating overheads increased by 13% to £2.8m (2024: £2.4m) and accordingly reported an operating profit of £301k (2024: £225k). After a reduced net interest payable figure in 2025 of £80k (2024: £184k), due to an improved working capital performance throughout the year, the profit before tax was £221k (2024: £41k).

As was the case last year, the decrease in turnover was in the main due to the multi utility (residential) part of the business experiencing far slower build progress for a variety of reasons. The house builders have managed their sites far more cautiously over the past few years building in single phases (sales lead), as opposed to constructing large sections at a time. Planning laws have continued to impact on the sector, resulting in significant delays in planning approvals especially on the larger sites in the North West which continues to be a very competitive area. Competition for these services has increased with established ICP's from other areas now entering this arena, which has impacted tending prices to secure new work. To help the Company remain competitive, it has developed new relationships with a number of new Independent Distribution Network Operators (IDNOs) who are also keen to secure new sites.

The year saw the Company's expansion into the EV charging arena slowing down. Although the Company continued to perform well for its Charge Point Operator customers (CPOs), it became apparent that the CPOs, under pressure from their investors, looked to complete projects as quickly and as cheaply as possible resulting in them, approaching the smaller "man in a van" ICP contractors.

However, the year also saw the Company make significant strides in larger EV projects such as electrifying passenger service vehicle ("PSV") depots. The Company's relationship with EO strengthened with the commencement of two such schemes which helped to increase the turnover and margin in Green Energy. During 2025, the Company has been able to maintain a solid client base of CPOs who will continue to award work if the Company maintains its record for on time and on budget project deliveries. Future success will, however, be accelerated if the Company can build on these foundations and increase the client base to include, haulage, waste, and more PSV depots.

The Industrial and Commercial workstream gained momentum in the year with the Company delivering numerous, high-profile projects in the North West. Work enquiries were particularly slow coming during the first half of the year which was the catalyst for a refinement of the Company's business development strategies including new senior business development resource which has led to far more work enquiries and relationships being forged. To ensure the successful delivery of these projects, the Company has tailored its operational structure to ensure delivery and client satisfaction to secure repeat work.

PRINCIPAL RISKS AND UNCERTAINTIES

In common with similar businesses, the Company faces several risks and uncertainties going forward into 2026 and the directors believe that the key business risks are in respect of competition from UK multi-utility businesses and in ensuring safe and to budget project delivery. In view of these risks and uncertainties, the directors are aware that the development of the Company may be affected by factors outside their control, such as macro-economic factors, downturn in sales, lenders reacting to uncertainty about demand and the cost of financing which could cause developers to slow down or postpone new developments.

In mitigation of these risks the Company works with a wide variety of developers that specialise in social and affordable housing where, even in the event of a downturn in the private sector, the demand for social housing could be more resilient or even increase.

FUTURE DEVELOPMENTS

The directors anticipate the economic conditions in the UK, particularly relevant being the depressed residential housing market, will continue to present a challenging year again in 2026. However, certain sectors of the Company's business, such as I&C and Green Energy (EV charging, PSV, and haulage depots), remain strong growth areas. The Company is widely recognised as a partner of choice for independent connection operations in the North West, with a diversified client base over all its operating sectors.

FINANCIAL INSTRUMENTS

The Company has a normal level of exposure to price, credit, liquidity, and cash flow risks arising from trading activities which are only conducted in sterling. The Company does not enter into any hedging transactions.

ON BEHALF OF THE BOARD:

C M Morley - Director

18 December 2025

The directors present their report with the financial statements of the company for the year ended 30 September 2025.

PRINCIPAL ACTIVITY

The principal activities of the company in the year were that of multi utility installation covering the water, gas and electricity infrastructure to commercial and residential premises, often providing a turnkey solution. The Company employs a number of skilled and experienced employees from the multi-utility sector. No changes in activities is anticipated in the foreseeable future.

DIVIDENDS

No dividends will be distributed for the year ended 30 September 2025.

DIRECTORS

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

T A Kilroe

N Hopkins-Coman

C M Morley

P Connolly

T Ashall

Other changes in directors holding office are as follows:

J Finnegan was appointed as a director after 30 September 2025 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

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

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

-	select suitable accounting policies and then apply them consistently;

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

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he 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.

AUDITORS

The auditors, Fairhurst Audit Services Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

C M Morley - Director

18 December 2025

Opinion

We have audited the financial statements of Bethell Utility Services Ltd (the 'company') for the year ended 30 September 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and 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 30 September 2025 and of its profit for the year then ended;

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

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

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

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

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Matters on which we are required to report by exception

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

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

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

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

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

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

Responsibilities of directors

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

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

Auditors' responsibilities for the audit of the financial statements

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

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

Extent to which the audit was considered capable of detecting irregularities including fraud

Irregularities are instances of non-compliance with laws and regulations. The objectives of our audit are to obtain sufficient appropriate audit evidence regarding compliance with laws and regulations that have a direct effect in the determination of material amounts and disclosures in the financial statement, to perform audit procedures to help identify instances of non-compliance with other laws and regulations that may have a material effect on the financial statements, and to respond appropriately to identified or suspected non-compliance with laws and regulations identified during the audit.

In relation to fraud, the objectives of our audit are to identify and assess the risk of material misstatements of the financial statements due to fraud, to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud through designing and implementing appropriate responses and to respond appropriately to fraud or suspected fraud identified during the audit.

However, it is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud.

In identifying and addressing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

-

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 obtained an understanding of laws and regulations that affect the company, focusing on those that had a direct effect on the financial statements or that had a fundamental effect on its operations. As a result of these procedures we consider that the most significant laws and regulations that have a direct impact on the financial statements are FRS 102 and the Companies Act 2006.

-

We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management, reviewing minutes of meetings and inspecting legal correspondence.

In assessing the susceptibility of the company's financial statements to material misstatement, including obtaining and understanding of how fraud might occur;

-

We gained an understanding of the controls that management have in place to prevent and detect fraud.

-

We enquired of management about any instances of fraud that had taken place during the year.

To address the risk of fraud through management bias and override of controls;

-

We performed analytical procedures to identify any unusual or unexpected relationships;

-

We tested journal entries to identify unusual transactions; and

-

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

Due to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of

internal controls. We are not responsible for preventing fraud or non-compliance with laws and regulations and cannot be expected to detect all fraud and non-compliance with 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.

Louise Webster BSc BFP ACA (Senior Statutory Auditor)

for and on behalf of Fairhurst Audit Services Ltd

Statutory Auditor

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

18 December 2025

TURNOVER

19,737,738

22,010,370

Cost of sales

16,668,519

19,335,755

GROSS PROFIT

3,069,219

2,674,615

Administrative expenses

2,768,190

2,449,387

OPERATING PROFIT

5

301,029

225,228

Interest receivable and similar income

25,166

6,016

326,195

231,244

Interest payable and similar expenses

6

104,980

190,110

PROFIT BEFORE TAXATION

221,215

41,134

Tax on profit

7

54,054

9,013

PROFIT FOR THE FINANCIAL YEAR

167,161

32,121

PROFIT FOR THE YEAR

167,161

32,121

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

167,161

32,121

FIXED ASSETS

Tangible assets

8

76,710

95,472

CURRENT ASSETS

Stocks

9

346,774

396,707

Debtors

10

7,437,320

7,968,395

Cash at bank

1,280,202

660,109

9,064,296

9,025,211

CREDITORS

Amounts falling due within one year

11

8,196,513

8,332,303

NET CURRENT ASSETS

867,783

692,908

TOTAL ASSETS LESS CURRENT LIABILITIES

944,493

788,380

PROVISIONS FOR LIABILITIES

13

3,236

14,284

NET ASSETS

941,257

774,096

CAPITAL AND RESERVES

Called up share capital

14

100

100

Other reserves

15

99,900

99,900

Retained earnings

15

841,257

674,096

SHAREHOLDERS' FUNDS

941,257

774,096

The financial statements were approved by the Board of Directors and authorised for issue on 17 December 2025 and were signed on its behalf by:

T A Kilroe - Director

Called up

share

Retained

Other

Total

capital

earnings

reserves

equity

£

£

£

£

Balance at 1 October 2023

100

641,975

99,900

741,975

Changes in equity

Total comprehensive income

-

32,121

-

32,121

Balance at 30 September 2024

100

674,096

99,900

774,096

Changes in equity

Total comprehensive income

-

167,161

-

167,161

Balance at 30 September 2025

100

841,257

99,900

941,257

Cash flows from operating activities

Cash generated from operations

20

1,108,220

244,613

Interest paid

(104,980

)

(190,110

)

Tax refunded / (paid)

(21,709

)

71,812

Net cash from operating activities

981,531

126,315

Cash flows from investing activities

Purchase of tangible fixed assets

(46,136

)

(16,916

)

Interest received

25,166

6,016

Net cash from investing activities

(20,970

)

(10,900

)

Cash flows from financing activities

Intercompany loan

(340,468

)

-

Net cash from financing activities

(340,468

)

-

Increase in cash and cash equivalents

620,093

115,415

Cash and cash equivalents at beginning of year

21

660,109

544,694

Cash and cash equivalents at end of year

21

1,280,202

660,109

1.	STATUTORY INFORMATION

Bethell Utility Services 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.

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

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.

Significant judgements and key areas of uncertainty

Preparation of the financial statements require management to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been include:

-

Depreciation and residual values. The directors have reviewed the asset lives and associated residual value of all fixed asset classes, and in particular, the useful economic life and residual values of leasehold buildings and fixtures and fittings, and have concluded that the asset lives and residual values are appropriate; and

-

The stage of completion as referenced in the turnover policy where the directors make use of the information available to them at the balance sheet date to formulate their calculation, including external certification of the work completed (if applicable).

Turnover

Turnover is based on the invoiced value of all goods despatched and services provided prior to the period end, excluding VAT and other sales-based taxes and net of trade discounts.

Turnover also includes the proportion of the sales value of long-term contracts relevant to their state of completion. The turnover and pre-tax profit, all of which arises in the United Kingdom, is attributable to the principal activity of the Company.

Tangible fixed assets

Tangible fixed assets are stated at historic cost. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use. Finance costs are not capitalised. Depreciation is provided on cost in equal instalments over the estimated useful lives of the assets. The rate of depreciation are as follows:

Plant and Machinery

2-5 years

Fixtures and fittings

3-10 years

Motor vehicles

3-5 years

Stocks

Stocks are valued at the lower of cost, including materials, direct labour & overhead, and net realisable value.

Financial instruments

Short term debtors and amounts recoverable on contracts are measured at transaction price, less any impairment. Short term trade creditors are measured at the transaction price. The following assets & liabilities are classified as financial instruments; trade debtors (including amounts recoverable on contracts), Directors' loan accounts, trade creditors, accruals & hire purchase agreements are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method unless the effect of discounting would be immaterial.

Taxation

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

Current or deferred taxation assets and liabilities are not discounted.

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

Deferred tax

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

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

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

Amounts recoverable on contracts

In respect of long term contracts, the attributable profit is recognised once the final outcome can be assessed with reasonable certainty and reflects the proportion of work completed to date on the project. Full provision is made for losses on any contract in the period the loss is first foreseen. The difference between work done and invoices raised on a contract is recognised as amounts recoverable on contracts. Any excess payments on account over and above the value of work done are included within creditors. Any bid costs or tender costs are expensed as incurred until the stage is reached when it is virtually certain that the contract will be won.

Employee benefits

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

3.	CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

Preparation of the financial statements require management to make significant judgements and estimates. the items in the financial statements where these judgements and estimates have been made include:

-

Depreciation and residual value. the directors have reviewed the asset lives and associated residual values of

-

The stage of completion as noted in the turnover policy is subject to estimation and judgement and the directors make use of the information available to them at the balance sheet date to formulate their calculation, this information often involves external certification of the work completed.

4.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

3,385,911

3,340,502

Social security costs

375,026

353,797

Other pension costs

237,729

248,754

3,998,666

3,943,053

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

2025

2024

Direct Labour

21

28

Contracting supervision & admin

48

48

69

76

2025

2024

£

£

Directors' remuneration

361,664

302,996

Directors' pension contributions to money purchase schemes

48,806

68,358

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

Money purchase schemes

2

3

Information regarding the highest paid director is as follows:

2025

2024

£

£

Emoluments etc

184,001

141,173

Pension contributions to money purchase schemes

31,661

21,134

5.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

£

Other operating leases

111,076

111,847

Depreciation - owned assets

64,898

66,324

Auditors' remuneration

9,500

8,000

Taxation compliance services

12,000

12,000

Other non- audit services

9,125

1,000

Rentals for short term hire of plant and machinery

730,788

1,020,243

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Bank interest

-

5,419

Other loan interest

104,980

184,691

104,980

190,110

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

74,251

4,432

prior year

(9,149

)

-

Total current tax

65,102

4,432

Deferred tax

(11,048

)

4,581

Tax on profit

54,054

9,013

UK corporation tax was charged at 25%) in 2024.

Reconciliation of total tax charge included in profit and loss

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

2025

2024

£

£

Profit before tax

221,215

41,134

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

55,304

10,284

Effects of:

Expenses not deductible for tax purposes

5,000

5,000

Depreciation in excess of capital allowances

2,900

20,155

Adjustments to tax charge in respect of previous periods

(9,150

)

(26,426

)

Total tax charge

54,054

9,013

8.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 October 2024

141,295

226,501

367,796

Additions

26,025

20,111

46,136

At 30 September 2025

167,320

246,612

413,932

DEPRECIATION

At 1 October 2024

106,723

165,601

272,324

Charge for year

32,487

32,411

64,898

At 30 September 2025

139,210

198,012

337,222

NET BOOK VALUE

At 30 September 2025

28,110

48,600

76,710

At 30 September 2024

34,572

60,900

95,472

9.

STOCKS

2025

2024

£

£

Raw materials

346,774

396,707

10.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,713,370

1,935,254

Amounts recoverable on contracts

4,544,132

5,899,080

VAT

47,978

32,370

Prepayments and accrued income

131,840

101,691

7,437,320

7,968,395

11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Payments on account

3,364,697

3,272,977

Trade creditors

1,948,999

2,031,299

Amounts owed to group undertakings

2,251,045

2,591,513

Tax

74,251

30,858

Social security and other taxes

114,742

108,742

Other creditors

105,481

113,299

Accrued expenses

337,298

183,615

8,196,513

8,332,303