REGISTERED NUMBER: 11717113 (England and Wales)

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

FOR

ASTON GROUP HOLDINGS LIMITED

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

8

Report of the Independent Auditors

11

Consolidated Statement of Comprehensive Income

15

Consolidated Balance Sheet

16

Company Balance Sheet

17

Consolidated Statement of Changes in Equity

18

Company Statement of Changes in Equity

19

Consolidated Cash Flow Statement

20

Notes to the Consolidated Cash Flow Statement

21

Notes to the Consolidated Financial Statements

22

DIRECTORS:

P S Glencross

J Glencross

L Glencross

J Butcher

S L Hughes

REGISTERED OFFICE:

Aston House

Boulton Road

Stevenage

Hertfordshire

SG1 4QX

REGISTERED NUMBER:

11717113 (England and Wales)

AUDITORS:

Watson Associates (Audit Services) Ltd

Statutory Auditor

30 - 34 North Street

Hailsham

East Sussex

BN27 1DW

The directors present their strategic report of the company and the group for the year ended 31 July 2025.

REVIEW OF BUSINESS

The statement of comprehensive income is set out on page 14 and shows a profit before tax of £3,354,770 for the period. Turnover for the period amounted to £94,083,356.

The group continues to increase its sales, with 2.6% growth on the previous year. Despite continued pressure from increased expenses, the group were pleased to see growth in underlying profit. The group continued to replace dividend payments to shareholders with bonuses until April. Adjusting for this, underlying profit before tax grew £0.8m, +22.6%.

The group's core strategy delivers growth through increased sales and performance, plus expansion of outlets. The group operates a mix of freehold and leasehold properties, providing a strong framework for expansion.

During the period, the group opened 2 sites in Burnley and Swansea, increasing the total number of sites to 134. In addition, the group has opened its 135th site, in Birkenhead, since the period closed. The group also sold one investment property during the year.

The group re-commenced its expansion strategy in the last year and has a strong pipeline of sites expected to open in the next 12 to 18 months. The group also continues to look for acquisition opportunities.

PRINCIPAL RISKS AND UNCERTAINTIES

The management of the business and execution of the group's strategy are subject to a number of risks. The principal risks and uncertainties affecting the group are considered to relate to competition from both national and independent retailers, employee recruitment and retention, product availability and cost inflation.

The group prides itself ourselves on always being able to beat any price to give customers the best value possible. This can impact margins with a high level of competition in every location, but this approach is fundamental to the group's objective of increasing market share through customer retention and acquisition.

Recruiting and retaining the best staff continues to be a key focus of the group. This has been another challenging year for staff retention, but the group are pleased to have further reduced staff turnover during the past 12 months. The group continues to invest in its people through wage increases and enhanced employee benefits.

The group views open discussion with employees as vital to understanding how it can continually improve, with such communication taking place via site visits, face to face meetings and written notices.

Recognition of skills continues, with assistance towards further education and qualifications being offered. Since having obtained industry standard training recognition, the group has continued to sponsor many applicants to the government-controlled MOT authorised examiner status. This qualification brings with it career growth, employee financial reward and greater skills knowledge. The group continues to pro-actively increase the number of people gaining the MOT qualification.

The group has continued to increase the number of apprentices and views this as a future growth opportunity to recruit, train and promote high quality personnel.

To mitigate the risk of product availability, the group continues to have available a large number of authorised suppliers to enable a wider range of products to be made available to the group's customers. This has resulted in multiple suppliers for similar products, to ensure that the mix of products meet the group's customer demands. Each supplier is important to the group for providing effective, timely and accurate product supply to the local centre. The group works hard to ensure timely delivery to our sites to meet customer demand and offers customers same day options for both walk-in and online customers.

Cost inflation has continued to have an impact on profit during the year, including wages, business rates and rent. The increase in National Insurance Contributions has been widely covered in the media. Were it not for the ongoing efforts made by the group to improve margins and reduce costs, the group would have had to reduce its expansion plans or materially increase prices to customer, neither of which it wants to do.

In the previous period, the group started a refurbishment programme across the estate aimed at ensuring every depot was refurbished, or redecorated, at a minimum every 5 years. This is focusing on those depots in most need of attention, with the aim of improving customer retention. This has continued during the period and is seen as an important ongoing operation.

SECTION 172(1) STATEMENT

Section 172 of the Companies Act 2006 requires a director of a company to act in the way he or she considers, in good faith, would most likely promote the success of the company for the benefit of its members as a whole. In this respect the Directors have had regard, amongst other matters, to the:

- Likely consequences of any decisions in the long-term;

- Interests of the Company's employees;

- Need to foster the Company's business relationships with suppliers, customers and others;

- Impact of the Company's operations on the community and environment;

- Desirability of the Company maintaining a reputation for high standards of business conduct;

and

- Need to act fairly as between members of the Company.

The Directors seek to ensure that their decision making process not only takes into account the Company's purpose, vision and values, together with its strategic priorities, but also reflects, as far as practical and possible, the interests of all stakeholders.

KEY PERFORMANCE INDICATORS

The group manages the business by reference to key performance indicators. Each trading outlet is

recognised as a profit centre and is measured accordingly. Due to the varied nature of the business, the

performance indicators will differ greatly from outlet to outlet, therefore individual monitoring is paramount and is measured daily.

Competent management reporting tools are in place to provide essential current, timely reporting in a clear

and precise manner. The principal indicators used by the group include, but are not limited to;

1. Turnover - total turnover and like-for-like turnover

2. Gross Margin - cash and percentage of sales

3. Underlying EBITDA

4. Wages and Employees - wages as a percentage of sales and number of employees

2024/25

vs Prior Year

Turnover

£94,083,356

2.6%

Gross Margin

£62,869,329

6.0%

EBITDA*

£7,145,414

39.5%

Wages

£35,266,074

2.8%%

Employee Numbers

890

3.1%

Underlying EBITDA

£8,374,618

8.7%

* Underlying EBITDA, adjusting for the change in remuneration strategy for shareholders.

FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES

The group's operations expose it to a variety of financial risks that include the effects of price risk, credit risk, liquidity risk and interest rate cash flow risk. The group has in place policies and procedures that seek to limit the potentially adverse effects on the financial performance of the group of such risks. These policies are set by the directors.

The group does not currently use derivative financial instruments to manage interest rate risks, although it is open to doing so and regular reviews the options available.

Price risk

Due to the market the group operates in, the group is exposed to price risk from its suppliers and competitors. However, given the size of the group's operations and in addition to the actions identified above, the group is able to manage the potential exposure through supplier agreements and rebate mechanisms.

Credit risk

The majority of the group's sales are not made on credit. However, for those sales made on credit, appropriate credit checks on customers who apply for credit accounts are made prior to the sale. The amount of any individual customer is subject to a limit and the exposure of the group as a whole is mitigated by multiple credit control procedures and the diverse nature of the customer base.

Liquidity risk

Liquidity risk is the risk that the group will encounter difficulty in meeting obligations associated with its financial liabilities. The risk is mitigated as the group has sufficient cash resources available to it through either its own funds or access to further bank facilities.

Interest rate cash flow risk

The group has interest-bearing liabilities in the form of a Revolving Credit Facility which accrues interest at floating rates.

During the period, the group took up the option to extend its revolving credit facility by a further year, meaning it has facilities in place until the summer of 2028.

Engagement with Employees

Our employees are a key part of our operations. We share with them our strategy and actively engage with employees on significant decisions that may impact them. This is achieved through activities such as regular site visits, management and staff meetings, and company notices.

Information of matters of concern to employees is given through information bulletins and reports which seek to achieve a common awareness on the part of all employees of the financial and economic factors affecting the company's performance.

Engagement with Suppliers, Customers and Others

Our customers and suppliers are central to our business. We engage and build relationships via face to face interactions, events, promotional activity and visits to our sites. We constantly strive to improve working relationships with both suppliers and customers to ensure our continued strength and growth. We feel it is very important to have a good relationship with all our partners, including our customers, suppliers, landlords, tenants, neighbours and authorities.

Disabled persons

The company's policy is to recruit disabled workers for those vacancies that they are able to fill. All necessary

assistance with initial training courses is given. Once employed, a career plan is developed so as to ensure suitable opportunities for each disabled person. Arrangements are made, wherever possible, for retraining employees who have become disabled, to enable them to perform work identified as appropriate to their aptitudes and abilities.

Environmental Matters

The company takes its environmental responsibilities seriously and works with its employees and external partners to ensure these responsibilities are delivered. Every site has recycling facilities and the company has third party specialists that collect and recycle/correctly dispose of its waste, including hazardous, non-hazardous and recyclable waste.

The company endeavours to reduce its impact on the environment and is working hard to reduce its energy consumption.

Social Matters

The company prides itself on its relationships with all stakeholders and other relevant parties, such as its customers, suppliers, landlords, tenants, neighbours and authorities.

The company recognises the importance of the local communities in which it operates and encourages staff to engage with their local community.

Human Rights

The company has a zero-tolerance approach to Anti-Slavery and Human Trafficking with every employee reading and understanding the company's policy on the matter as part of their induction. Further training is provided where it is felt to be required.

Our zero-tolerance approach to modern slavery in our business and supply chains is communicated to all suppliers, contractors and business partners at the outset of our business relationship with them and reinforced as appropriate thereafter.

Anti-Corruption and Anti-Bribery Matters

It is the Company's policy to conduct all of its business in an honest and ethical manner. The Company takes a zero-tolerance approach to bribery and corruption and is committed to acting professionally, fairly and with integrity in all its business dealings and relationships wherever it operates, and to implementing and enforcing effective systems to counter bribery.

The Company upholds all laws relevant to countering bribery and corruption and is bound by the laws of the UK, including the Bribery Act 2010, in respect of its conduct. The Company therefore takes its legal responsibilities very seriously.

Corporate Governance

The company is a family-owned business and, therefore, no formal corporate governance code was applied during the year. However, the company's board includes members of the family who actively participate in the board meetings and are part of the key decision-making process.

The company's board is made up of representatives from every part of the business. The board meets regularly throughout the year and reviews timely and relevant information.

There is constant communication between all board members outside of board meetings and decisions are able to be made at short notice through such open and flexible communication, where required.

ON BEHALF OF THE BOARD:

S L Hughes - Director

9 December 2025

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

DIVIDENDS

Dividends distributed for the period ended 31 July 2025 amounted to £1,562,500 (2024: £1,250,000) The directors do not recommend the payment of a final dividend.

DIRECTORS

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

P S Glencross

J Glencross

L Glencross

J Butcher

S L Hughes

STREAMLINED ENERGY AND CARBON REPORTING

2025

2024

UK energy use kWh

KWh's

KWh's

Gas

429,933

380,564

Electricity

4,261,734

4,255,812

Transport Fuel

1,111,545

920,587

Expensed Mileage Fuel

387,521

426,400

6,190,732

5,983,363

Associated Greenhouse gas emissions tC02e

tCO2e

tC02e

Emissions from combustion of gas

78.66

69.61

Emissions from purchased electricity

754.33

881.17

Emissions from combustion of transport fuel

273.69

222.47

Emissions from combustion of expensed mileage fuel

94.24

102.89

1,200.92

1,276.13

Intensity ratio

Sales revenue £1k

94,538.01

92,041.53

Tonnes CO2 Equivalent

1,200.92

1,276.13

Tonnes of CO2 per total £1k sales revenue

1.27%

1.39%

Methodology

All operations are UK Based, none are offshore or global.

Consumption has been calculated using the following assumptions and data:

Gas

- Meter readings at start and end of period to generate kWh usage.

Electricity

- Summation of smart meter and meter readings at start and end of reporting period to generate kWh usage

Fuel used for transport

- Company car mileage data was categorised by car size and fuel type. DEFRA transport conversion factors were then applied to calculate both energy use and emissions on a per mile basis.

CO2 equivalents continued to decrease. Overall emissions have reduced from the prior year. Electricity consumption is inline with the prior year with minimal movement. Emissions from transport fuel continues to decrease.

Energy Efficiency Action

The company continues to assess the impact of the previous rollout of new heating and lighting solutions, although the results are inconclusive which has slowed down further rollouts. Further work continues to understand the true impact of this investment and funds continue to be available to support this rollout once it is proven to work.

The company is entering into a new 24 month energy contract, which will reduce costs further in this area, taking it through to October 2027.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

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

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), 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 the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

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

-	state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

AUDITORS

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

ON BEHALF OF THE BOARD:

S L Hughes - Director

9 December 2025

Opinion

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

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 31 July 2025 and of the group's 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 group 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 group's and the parent 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 Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Matters on which we are required to report by exception

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

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

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

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

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

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

Responsibilities of directors

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

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

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. 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:

Based on our understanding of the Company and industry, we identified that the principal risks of

non-compliance with laws and regulations related to employment laws and we considered the extent to which

non-compliance might have a material effect on the financial statements.

We also considered those laws and regulations that have a direct impact on the preparation of the financial

statements such as the Companies Act 2006. We evaluated management's incentives and opportunities for

fraudulent manipulation of the financial statements (including the risk of override of controls), and determined

that the principal risks were related to posting inappropriate journal entries to achieve desired financial results

and the manipulation of exceptional items and management bias in accounting estimates.

Audit procedures performed by the engagement team included:

- enquiries with management, including consideration of known or suspected instances of fraud and

non-compliance with laws and regulations and examining supporting calculations where a provision has been

made in respect of these;

- reading key correspondence with regulatory authorities in relation to compliance with certain employment

laws;

- understanding and evaluating the design and implementation of management's controls designed to prevent

and detect irregularities;

- challenging assumptions and judgements made by management in their significant accounting estimates, in

particular in relation to valuation of investment property and impairment of investments in subsidiaries;

- identifying and testing journal entries, in particular any journal entries posted with unusual account

combinations and postings by unusual users.

There are inherent limitations in the audit procedures described above and the further removed

non-compliance with laws and regulations is from the events and transactions reflected in the financial

statements, the less likely we would become aware of it. Also, the risk of not detecting a material

misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may

involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through

collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Stephen James Moore (Senior Statutory Auditor)

for and on behalf of Watson Associates (Audit Services) Ltd

Statutory Auditor

30 - 34 North Street

Hailsham

East Sussex

BN27 1DW

9 December 2025

TURNOVER

3

94,083,356

91,696,158

Cost of sales

(31,214,027

)

(32,386,350

)

GROSS PROFIT

62,869,329

59,309,808

Administrative expenses

(59,109,248

)

(57,685,843

)

3,760,081

1,623,965

Other operating income

675,300

656,897

OPERATING PROFIT

5

4,435,381

2,280,862

Interest receivable and similar income

1,458

4,688

4,436,839

2,285,550

Interest payable and similar expenses

7

(1,082,069

)

(1,162,240

)

PROFIT BEFORE TAXATION

3,354,770

1,123,310

Tax on profit

8

(966,424

)

(400,215

)

PROFIT FOR THE FINANCIAL YEAR

2,388,346

723,095

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

2,388,346

723,095

Profit attributable to:

Owners of the parent

2,388,346

723,095

Total comprehensive income attributable to:

Owners of the parent

2,388,346

723,095

FIXED ASSETS

Intangible assets

11

5,734,631

6,155,532

Tangible assets

12

21,692,564

20,710,536

Investments

13

-

-

Investment property

14

462,044

871,945

27,889,239

27,738,013

CURRENT ASSETS

Stocks

15

2,774,123

2,353,285

Debtors

16

6,787,112

7,086,315

Cash at bank and in hand

3,513,374

2,747,250

13,074,609

12,186,850

CREDITORS

Amounts falling due within one year

17

(26,948,193

)

(25,195,824

)

NET CURRENT LIABILITIES

(13,873,584

)

(13,008,974

)

TOTAL ASSETS LESS CURRENT LIABILITIES

14,015,655

14,729,039

CREDITORS

Amounts falling due after more than one year

18

(11,685,118

)

(13,258,759

)

PROVISIONS FOR LIABILITIES

22

(679,095

)

(644,684

)

NET ASSETS

1,651,442

825,596

CAPITAL AND RESERVES

Called up share capital

23

99,000

99,000

Retained earnings

24

1,552,442

726,596

SHAREHOLDERS' FUNDS

1,651,442

825,596

The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2025 and were signed on its behalf by:

S L Hughes - Director

FIXED ASSETS

Intangible assets

11

-

-

Tangible assets

12

-

-

Investments

13

8,297,865

8,297,865

Investment property

14

-

-

8,297,865

8,297,865

CURRENT ASSETS

Cash at bank

403

583

CREDITORS

Amounts falling due within one year

17

(8,185,422

)

(8,185,602

)

NET CURRENT LIABILITIES

(8,185,019

)

(8,185,019

)

TOTAL ASSETS LESS CURRENT LIABILITIES

112,846

112,846

CAPITAL AND RESERVES

Called up share capital

23

99,000

99,000

Retained earnings

24

13,846

13,846

SHAREHOLDERS' FUNDS

112,846

112,846

Company's profit for the financial year

1,562,500

1,210,754

The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2025 and were signed on its behalf by:

S L Hughes - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 August 2023

99,000

1,253,501

1,352,501

Changes in equity

Dividends

-

(1,250,000

)

(1,250,000

)

Total comprehensive income

-

723,095

723,095

Balance at 31 July 2024

99,000

726,596

825,596

Changes in equity

Dividends

-

(1,562,500

)

(1,562,500

)

Total comprehensive income

-

2,388,346

2,388,346

Balance at 31 July 2025

99,000

1,552,442

1,651,442

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 August 2023

99,000

53,092

152,092

Changes in equity

Dividends

-

(1,250,000

)

(1,250,000

)

Total comprehensive income

-

1,210,754

1,210,754

Balance at 31 July 2024

99,000

13,846

112,846

Changes in equity

Dividends

-

(1,562,500

)

(1,562,500

)

Total comprehensive income

-

1,562,500

1,562,500

Balance at 31 July 2025

99,000

13,846

112,846

Cash flows from operating activities

Cash generated from operations

1

7,446,769

7,406,088

Interest paid

(993,632

)

(1,073,739

)

Interest element of hire purchase payments paid

(88,437

)

(85,900

)

Interest received on overpaid tax

-

3,049

Tax paid

(525,001

)

(693,995

)

Interest paid on underpaid tax

(20,801

)

(5,650

)

Net cash from operating activities

5,818,898

5,549,853

Cash flows from investing activities

Purchase of tangible fixed assets

(3,586,943

)

(3,503,321

)

Sale of tangible fixed assets

253,148

120,948

Sale of investment property

472,534

-

Interest received

1,458

4,688

Net cash from investing activities

(2,859,803

)

(3,377,685

)

Cash flows from financing activities

Movement on bank loan facility

(1,500,000

)

1,250,000

Loan repayments in year

-

(1,530,000

)

New Hire Purchases loans in the year

992,991

622,188

Capital repayments in year

(927,765

)

(831,806

)

Amount introduced by directors

804,303

-

Amount withdrawn by directors

-

(538,988

)

Equity dividends paid

(1,562,500

)

(1,250,000

)

Net cash from financing activities

(2,192,971

)

(2,278,606

)

Increase/(decrease) in cash and cash equivalents

766,124

(106,438

)

Cash and cash equivalents at beginning of year

2

2,747,250

2,853,688

Cash and cash equivalents at end of year

2

3,513,374

2,747,250

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

2025

2024

£

£

Profit before taxation

3,354,770

1,123,310

Depreciation charges

2,897,445

2,884,950

Profit on disposal of fixed assets

(187,410

)

(44,586

)

Finance costs

1,082,069

1,162,240

Finance income

(1,458

)

(4,688

)

7,145,416

5,121,226

Increase in stocks

(420,838

)

(223,151

)

Decrease/(increase) in trade and other debtors

299,203

(818,025

)

Increase in trade and other creditors

422,988

3,326,038

Cash generated from operations

7,446,769

7,406,088

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 July 2025

31.7.25

1.8.24

£

£

Cash and cash equivalents

3,513,374

2,747,250

Year ended 31 July 2024

31.7.24

1.8.23

£

£

Cash and cash equivalents

2,747,250

2,853,688

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1.8.24

Cash flow

At 31.7.25

£

£

£

Net cash

Cash at bank and in hand

2,747,250

766,124

3,513,374

2,747,250

766,124

3,513,374

Debt

Finance leases

(1,534,341

)

(65,226

)

(1,599,567

)

Debts falling due after 1 year

(12,500,000

)

1,500,000

(11,000,000

)

(14,034,341

)

1,434,774

(12,599,567

)

Total

(11,287,091

)

2,200,898

(9,086,193

)