REGISTERED NUMBER: 07898422 (England and Wales)

Humber Ports Logistics Limited

Strategic Report, Report of the Directors and

Financial Statements for the Period 1st April 2024 to 31st December 2024

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Statement of Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Notes to the Financial Statements

12

DIRECTORS:

P Gostling

A P M Van Der Harten

REGISTERED OFFICE:

Lancaster Approach

North Killingholme

Immingham

N E Lincolnshire

DN40 3JZ

REGISTERED NUMBER:

07898422 (England and Wales)

AUDITORS:

Smailes Goldie

Chartered Accountants

Statutory Auditor

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

The directors present their strategic report for the period 1st April 2024 to 31st December 2024.

REVIEW OF THE BUSINESS

The directors of the business aim to present a fair review of the last years trade and factors that have influenced the years trade as well as the uncertainties we face with the haulage sector moving forward.

The company's core business is that of supplying haulage to European Shipping Lines & Freight forwarders that ship cargo from Europe into the UK via the main ports situated on the North and South Banks of the Humber estuary.

The company provides delivery & distribution across the UK for these goods, which is predominantly delivered via shipping containers, as well as European ferry trailers imported into the UK.

The company asset & labour policy allows the company to be more flexible and able to react more quickly to the market as it changes. With the current number spot/short term rentals trucks and matching the same number of agency labour allows the company to down scale or upscale depending on customers' demands and control cost which reduces cost & overheads when required.

We accept that there will always be low and high points throughout the year due to seasonal demands, and when combined with the loss of some of our customers, depressed markets and significant increases in operating costs, this has seen the company continue to make a loss during the December 2024 financial statements.

Our long-term customer commitments of volumes and our asset & labour policy have allowed us to react quickly to the circumstances in the financial year and these policies will allow us to upscale when required to take advantage of the market when it starts to increase.

PRINCIPAL RISKS AND UNCERTAINTIES

The current risks and uncertainties relate to supply and cost of fuel & energy due to the ongoing conflict in Ukraine and long delays in raw materials needed for manufacturing.

The Directors have a strong management team with a wealth of experience within the haulage & logistics sector, all management have implemented and managed the restructure well to support the continued growth and development of the business.

Whilst we can try and forecast issues, the business is still subject to outside influences beyond our control and will continue to monitor closely to ensure that the company continues mitigate/recover additional cost when required:

-

Rising fuel & energy cost;

-

Increase in labour cost - as a result of increased cost living;

-

Reduced Labour market - Due to Brexit and UK Settlement status and aging work force within the Transport sector;

-

Ongoing capital investment to meet changing environmental standard and legislation;

-

Supply and cost increase of New Equipment;

-

Port/Terminal Delays as a result of Brexit and customers procedures;

-

Competitive market prices;

-

Bad Debt.

These risks are being addressed by:

-

Monthly Fuel Surcharge adjustment;

-

Working closely with customers to understand their requirement to offer alternative/competitive solutions;

-

Investing in employees & technologies to increase productivity and reduce downtime;

KEY PERFORMANCE INDICATORS

The company key performance indicators during the year are:

-

Turnover;

-

Operating profit;

-

Truck utilisation.

Turnover and operating profitability are as stated on the Income Statement in these accounts. These performance indicators are monitored by the directors at all times throughout the year and form a basis for decision making.

PERFORMANCE OVERVIEW

The Directors acknowledge the losses shown within the period ended 31 December 2024 are due to a loss of some large customers but are mitigating those impacts by working across multiple ports and new market segments which are helping to improve our management of risk and to replace lost volume with a new customer base.

Whilst the financial growth of the company is small, the company has grown geographically and diversified into other locations in the UK rather than solely being reliant upon the Humber ports.

The Directors are continually looking at new technologies and solutions within the transport industry to make the company more efficient and sustainable to give the company a competitive edge within a competitive market place.

ON BEHALF OF THE BOARD:

P Gostling - Director

9th January 2026

The directors present their report with the financial statements of the company for the period 1st April 2024 to 31st December 2024.

DIVIDENDS

No dividends were paid in the year (March 2024: Nil). The Directors do not recommend the payment of a final dividend.

DIRECTORS

P Gostling has held office during the whole of the period from 1st April 2024 to the date of this report.

Other changes in directors holding office are as follows:

S W Benton - resigned 31st December 2024

R Beales - resigned 18th December 2024

A P M Van Der Harten was appointed as a director after 31st December 2024 but prior to the date of this report.

J Benton ceased to be a director after 31st December 2024 but prior to the date of this report.

GOING CONCERN

These financial statements are prepared on a going concern basis. The directors have a reasonable expectation that the company and its subsidiaries will continue in operational existence for the foreseeable future. Due to the nature of the company and its subsidiaries' operations, they are supported by the ultimate parent group, headed by Samskip Holding B.V, the ultimate parent company, who have confirmed their support will continue for a period of at least twelve months from the date these financial statements were approved.

The consolidated financial statements of Samskip Holding BV for the year ended 31 December 2024 and approved by the Directors on 22 December 2025, noted certain factors which cast doubt on the group's ability to continue to adopt the going concern basis of accounting. These are fully disclosed in the group's financial statements (Note 2.1) which are publicly available and, in summary, relate to difficult market conditions, breach of external borrowing covenants in FY24 and FY25 for which waivers were obtained, and successful implementation of the group's Long Term Plan which includes a number of restricting measures.

The group's Directors concluded that the objectives of the restructuring plan were feasible and achievable within FY26. On this basis, the group's Directors concluded that it remained appropriate to continue to adopt the going concern basis of accounting. The group's independent auditors' report included an Emphasis of Matter relating to going concern, specifying that one bank facility is uncommitted, however their opinion was not modified in respect of these matters.

Having given due consideration to these factors and the forecasts and liquidity requirements of the company and its subsidiaries, the Directors have concluded that it remains appropriate to adopt the going concern basis of accounting in these financial statements.

QUALIFYING THIRD PARTY INDEMNITY PROVISIONS

The group has made qualifying third party indemnity provisions for the benefit of its directors during the year. These provisions remain in force at the reporting date.

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, Smailes Goldie, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

P Gostling - Director

9th January 2026

Opinion

We have audited the financial statements of Humber Ports Logistics Limited (the 'company') for the period ended 31st December 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity 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 31st December 2024 and of its loss for the period then ended;

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

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

Basis for opinion

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

Material uncertainty related to going concern

We draw attention to Note 2 of the financial statements which indicates a material uncertainty relating to going concern of the Company's ultimate parent company. As the company relies on parental support, these risks, which include difficult market conditions, breach of external borrowing covenants in FY24 and FY25 for which waivers were obtained, and successful implementation of the group's Long Term Plan which includes a number of restricting measures, also affect the Company's going concern assessment.

As stated in note 2, these events or conditions, along with the other matters noted, indicate that a material uncertainty exists that may cast significant doubt on the Group's to continue as a going concern. As the Company relies on parental support itself, the Company's Directors have concluded that the same material uncertainty exists in respect of the Company. Our opinion is not modified in respect of this matter.

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.

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 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 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:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was 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 United Kingdom Accounting Standards (FRS 102), the Companies Act 2006 and tax legislation. We also considered the laws and regulations that may have a material indirect effect on the financial statements or operations of the company including data protection, anti-bribery, employment, environmental and health and safety legislation. An understanding of these laws and regulations and the extent of compliance was obtained through discussion with management and inspecting legal and regulatory correspondence.

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

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 relevant regulators and the company's legal advisors.

Due to the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances 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.

The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission, or misrepresentation.

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.

Matthew Fox FCCA (Senior Statutory Auditor)

for and on behalf of Smailes Goldie

Chartered Accountants

Statutory Auditor

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

9th January 2026

TURNOVER

3

12,100,347

13,831,887

Cost of sales

7,701,112

8,110,173

GROSS PROFIT

4,399,235

5,721,714

Administrative expenses

4,823,697

6,083,223

(424,462

)

(361,509

)

Other operating income

165,530

71,654

OPERATING LOSS

5

(258,932

)

(289,855

)

Interest receivable and similar income

-

28

(258,932

)

(289,827

)

Interest payable and similar expenses

6

186,866

265,567

LOSS BEFORE TAXATION

(445,798

)

(555,394

)

Tax on loss

7

(108,753

)

(124,932

)

LOSS FOR THE FINANCIAL PERIOD

(337,045

)

(430,462

)

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD

(337,045

)

(430,462

)

FIXED ASSETS

Tangible assets

8

1,396,715

1,609,502

CURRENT ASSETS

Stocks

9

52,900

27,834

Debtors

10

1,702,847

2,090,997

Cash at bank and in hand

168,994

127,462

1,924,741

2,246,293

CREDITORS

Amounts falling due within one year

11

3,774,232

3,713,893

NET CURRENT LIABILITIES

(1,849,491

)

(1,467,600

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(452,776

)

141,902

CREDITORS

Amounts falling due after more than one year

12

(133,891

)

(282,770

)

PROVISIONS FOR LIABILITIES

16

(7,631

)

(116,385

)

NET LIABILITIES

(594,298

)

(257,253

)

CAPITAL AND RESERVES

Called up share capital

17

100

100

Retained earnings

18

(594,398

)

(257,353

)

SHAREHOLDERS' FUNDS

(594,298

)

(257,253

)

The financial statements were approved by the Board of Directors and authorised for issue on 9th January 2026 and were signed on its behalf by:

P Gostling - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1st April 2023

100

173,109

173,209

Changes in equity

Total comprehensive income

-

(430,462

)

(430,462

)

Balance at 31st March 2024

100

(257,353

)

(257,253

)

Changes in equity

Total comprehensive income

-

(337,045

)

(337,045

)

Balance at 31st December 2024

100

(594,398

)

(594,298

)

1.	STATUTORY INFORMATION

Humber Ports Logistics Limited 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

These financial statements are prepared on a going concern basis. The directors have a reasonable expectation that the company and its subsidiaries will continue in operational existence for the foreseeable future. Due to the nature of the company and its subsidiaries' operations, they are supported by the ultimate parent group, headed by Samskip Holding B.V, the ultimate parent company, who have confirmed their support will continue for a period of at least twelve months from the date these financial statements were approved.

The consolidated financial statements of Samskip Holding BV for the year ended 31 December 2024 and approved by the Directors on 22 December 2025, noted certain factors which cast doubt on the group's ability to continue to adopt the going concern basis of accounting. These are fully disclosed in the group's financial statements (Note 2.1) which are publicly available and, in summary, relate to difficult market conditions, breach of external borrowing covenants in FY24 and FY25 for which waivers were obtained, and successful implementation of the group's Long Term Plan which includes a number of restricting measures.

The group's Directors concluded that the objectives of the restructuring plan were feasible and achievable within FY26. On this basis, the group's Directors concluded that it remained appropriate to continue to adopt the going concern basis of accounting. The group's independent auditors' report included an Emphasis of Matter relating to going concern, specifying that one bank facility is uncommitted, however their opinion was not modified in respect of these matters.

Having given due consideration to these factors and the forecasts and liquidity requirements of the company and its subsidiaries, the Directors have concluded that it remains appropriate to adopt the going concern basis of accounting in these financial statements.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirement of paragraph 3.17(d);

•

the requirement of paragraph 33.7.

Preparation of consolidated financial statements

The financial statements contain information about Humber Ports Logistics Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Computer equipment

20% on reducing balance

Fixtures and fittings

15% on reducing balance

Motor vehicles

17% on a straight line basis

Plant & machinery

10% on a straight line basis

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

Current or deferred taxation assets and liabilities are not discounted.

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

Deferred tax

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

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

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.

TURNOVER

Turnover and profit before taxation are attributable to the principal activities of the company and relate to rendering of haulage services.

Period 1.4.24 to 31.12.24

Year ended 31.3.24

£

£

Haulage services

12,100,347

13,831,887

4.	EMPLOYEES AND DIRECTORS

Period

1/4/24

to

Year Ended

31/12/24

31/3/24

£

£

Wages and salaries

3,718,861

4,658,199

Social security costs

363,862

445,580

Other pension costs

90,771

105,792

4,173,494

5,209,571

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

Period

1/4/24

to

Year Ended

31/12/24

31/3/24

Directors

4

4

Administrative staff

11

11

Other staff

107

104

122

119

Period

1/4/24

to

Year Ended

31/12/24

31/3/24

£

£

Directors' remuneration

111,742

148,897

Directors' pension contributions to money purchase schemes

5,569

7,425

5.	OPERATING LOSS

The operating loss is stated after charging:

Period

1/4/24

to

Year Ended

31/12/24

31/3/24

£

£

Hire of plant and machinery

1,630,301

1,609,740

Depreciation - owned assets

182,301

282,432

Loss on disposal of fixed assets

7,500

-

Audit fees

22,050

21,000

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

Period

1/4/24

to

Year Ended

31/12/24

31/3/24

£

£

Hire Purchase Interest

33,913

36,050

Intercompany loan interest

150,927

189,596

Other Interest

2,026

39,921

186,866

265,567

7.

TAXATION

Analysis of the tax credit

The tax credit on the loss for the period was as follows:

Period

1/4/24

to

Year Ended

31/12/24

31/3/24

£

£

Deferred tax

(108,753

)

(124,932

)

Tax on loss

(108,753

)

(124,932

)

UK corporation tax has been charged at 25% .

Reconciliation of total tax credit included in profit and loss

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

Period

1/4/24

to

Year Ended

31/12/24

31/3/24

£

£

Loss before tax

(445,798

)

(555,394

)

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

(111,450

)

(138,849

)

Effects of:

Expenses not deductible for tax purposes

2,697

12,783

Change in rate

-

1,134

Total tax credit

(108,753

)

(124,932

)

8.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st April 2024

1,687,106

119,216

1,083,225

19,289

2,908,836

Additions

-

1,506

-

580

2,086

Disposals

-

-

(56,000

)

-

(56,000

)

At 31st December 2024

1,687,106

120,722

1,027,225

19,869

2,854,922

DEPRECIATION

At 1st April 2024

661,478

59,207

567,131

11,518

1,299,334

Charge for period

84,186

6,720

83,044

8,351

182,301

Eliminated on disposal

-

-

(23,428

)

-

(23,428

)

At 31st December 2024

745,664

65,927

626,747

19,869

1,458,207

NET BOOK VALUE

At 31st December 2024

941,442

54,795

400,478

-

1,396,715

At 31st March 2024

1,025,628

60,009

516,094

7,771

1,609,502

9.

STOCKS

2024

2024

£

£

Stocks

52,900

27,834

10.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2024

£

£

Trade debtors

510,672

833,638

Amounts owed by group undertakings

829,891

732,079

Other debtors

187,541

361,161

Prepayments

174,743

164,119

1,702,847

2,090,997

11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2024

£

£

Other loans (see note 13)

-

63,090

Hire purchase contracts (see note 14)

135,418

180,575

Trade creditors

1,234,128

1,193,387

Amounts owed to group undertakings

1,769,968

1,632,495

Social security and other taxes

222,963

206,800

Other creditors

47,046

69,627

Accrued expenses

364,709

367,919

3,774,232

3,713,893

12.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2024

£

£

Hire purchase contracts (see note 14)

133,891

270,770

Other creditors

-

12,000

133,891

282,770

13.

LOANS

An analysis of the maturity of loans is given below:

2024

2024

£

£

Amounts falling due within one year or on demand:

Other loans

-

63,090

14.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024

2024

£

£

Net obligations repayable:

Within one year

135,418

180,575

Between one and five years

133,891

270,770

269,309

451,345