REGISTERED NUMBER: 00852320 (England and Wales)

C. S. ELLIS LOGISTICS LIMITED

FORMERLY KNOWN AS C S ELLIS (GROUP) LTD

STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

to

6

Income Statement

7

Other Comprehensive Income

8

Statement of Financial Position

9

Statement of Changes in Equity

10

Notes to the Financial Statements

11

to

19

DIRECTORS:

D J Clarke

Ms H E Cook

C S Ellis

T C Ellis

S J Gray

SECRETARY:

C S Ellis

REGISTERED OFFICE:

Wireless Hill

South Luffenham

Oakham

Leicestershire.

LE15 8NF

REGISTERED NUMBER:

00852320 (England and Wales)

AUDITORS:

Duncan & Toplis Audit Limited, Statutory Auditor

Enterprise Way

Pinchbeck

Spalding

Lincolnshire

PE11 3YR

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

REVIEW OF BUSINESS

The Directors are pleased to present an excellent set of results delivered in another year of change. The success is generated by strong customer relationships, both long standing and new, underpinned by trusted and reliable logistics solutions.

On 24 December 2024 the company changed its name to ‘C S Ellis Logistics Limited’, to align the company name with the trading name, branding and overall identity of the business. The period also saw investment a new Transport Management System and in new payment and analytical reporting platforms.

The year saw plenty of challenges, with recruitment of drivers and workshop fitters becoming very difficult, whilst increased National Insurance taxes restricted the ability to extensively alter underlying pay.

New contracts and customer growth led to a rise in turnover from £20.6m to £24.3m, an 18.0% increase. Although the extra work put a lot of demand on operations it was ultimately delivered efficiently, with the gross margin remaining consistent at 22.1% and 22.3%. Profit before tax saw a corresponding rise, 16.4%, from £750k to £873k.

PRINCIPAL RISKS AND UNCERTAINTIES

The Directors have assessed the main risks facing the group as the adherence to best health and safety practices, recruiting and retaining staff and also balancing the continuing inflationary, wage and tax increases along with charging a fair, competitive price to customers. These have all been reviewed and carefully managed by the management, facilities and HR teams.

ON BEHALF OF THE BOARD:

C S Ellis - Director

30 December 2025

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of haulage, freight transport and fulfilment activities.

DIVIDENDS

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

FUTURE DEVELOPMENTS

The company continues to invest in people and infrastructure with a view to retaining their long term competitiveness. Current projects across the companies include building, IT systems and solar panels.

DIRECTORS

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

D J Clarke

Ms H E Cook

C S Ellis

T C Ellis

S J Gray

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 or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Duncan & Toplis Audit Limited, Statutory Auditor, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

C S Ellis - Director

30 December 2025

Opinion

We have audited the financial statements of C. S. Ellis Logistics Limited Formerly known as C S Ellis (Group) Ltd (the 'company') for the year ended 30 June 2025 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, 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 30 June 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 three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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

Auditors' responsibilities for the audit of the financial statements

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

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

We have identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial experience, knowledge of the sector, a review of regulatory and legal correspondence and through discussions with directors and other management obtained as part of the work required by auditing standards. We have also discussed with the directors and other management the policies and procedures relating to compliance with laws and regulations. We communicated laws and regulations throughout the team and remained alert to any indications of non-compliance throughout the audit.

The potential impact of different laws and regulations varies considerably. Firstly, the company is subject to laws and regulations that directly impact the financial statements (for example financial reporting legislation) and we have assessed the extent of compliance with such laws and regulations as part of our financial statements audit. This included the identification and testing of unusual material journal entries and challenging management on key areas of uncertainty being the estimates, assumptions and judgements made in the preparation of the financial statements. These key areas of uncertainty are disclosed in the accounting policies.

Secondly, the company is subject to other laws and regulations where the consequence for non-compliance could have a material effect on the amounts or disclosures in the financial statements. We identified the following areas as those most likely to have such an effect: Health and Safety regulations, Employment law and Environmental regulations. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the directors and other management and inspection. Through these procedures, if we became aware of any non-compliance, we considered the impact on the procedures performed on the related financial statements items.

Owing 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. The further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. As with any audit, there is a greater risk of non-detection of irregularities as these may involve collusion, intentional omissions or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all 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.

Alistair Main FCA (Senior Statutory Auditor)

for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor

Enterprise Way

Pinchbeck

Spalding

Lincolnshire

PE11 3YR

30 December 2025

TURNOVER

3

24,390,314

20,633,999

Cost of sales

18,945,498

16,067,465

GROSS PROFIT

5,444,816

4,566,534

Administrative expenses

4,514,685

3,986,995

OPERATING PROFIT

5

930,131

579,539

Income from fixed asset investments

16,241

6,767

946,372

586,306

Gain/loss on revaluation of investments

-

212,100

946,372

798,406

Interest payable and similar expenses

6

72,992

47,520

PROFIT BEFORE TAXATION

873,380

750,886

Tax on profit

7

251,102

103,075

PROFIT FOR THE FINANCIAL YEAR

622,278

647,811

PROFIT FOR THE YEAR

622,278

647,811

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

622,278

647,811

FIXED ASSETS

Tangible assets

8

3,391,034

3,485,312

Investments

9

741,059

741,059

4,132,093

4,226,371

CURRENT ASSETS

Stocks

10

39,958

41,429

Debtors

11

7,477,349

7,524,338

Cash at bank and in hand

323,674

416,159

7,840,981

7,981,926

CREDITORS

Amounts falling due within one year

12

4,374,702

5,327,833

NET CURRENT ASSETS

3,466,279

2,654,093

TOTAL ASSETS LESS CURRENT LIABILITIES

7,598,372

6,880,464

CREDITORS

Amounts falling due after more than one year

13

(1,423,846

)

(1,415,665

)

PROVISIONS FOR LIABILITIES

17

(707,668

)

(622,475

)

NET ASSETS

5,466,858

4,842,324

CAPITAL AND RESERVES

Called up share capital

18

15,036

12,780

Capital redemption reserve

19

3,041

3,041

Retained earnings

19

5,448,781

4,826,503

SHAREHOLDERS' FUNDS

5,466,858

4,842,324

The financial statements were approved by the Board of Directors and authorised for issue on 30 December 2025 and were signed on its behalf by:

C S Ellis - Director

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 July 2023

12,780

4,178,692

3,041

4,194,513

Changes in equity

Total comprehensive income

-

647,811

-

647,811

Balance at 30 June 2024

12,780

4,826,503

3,041

4,842,324

Changes in equity

Issue of share capital

2,256

-

-

2,256

Total comprehensive income

-

622,278

-

622,278

Balance at 30 June 2025

15,036

5,448,781

3,041

5,466,858

1.	STATUTORY INFORMATION

C. S. Ellis Logistics Limited Formerly known as C S Ellis (Group) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

•

the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A.

The company has taken advantage of these exemptions under FRS 102 as the ultimate parent company C.S. Ellis (Holdings) Limited prepares consolidated accounts. A copy of these accounts can be obtained at Companies House.

Preparation of consolidated financial statements

The financial statements contain information about C. S. Ellis Logistics Limited Formerly known as C S Ellis (Group) Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, C S Ellis (Holdings) Limited, .

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Critical accounting judgements and key sources of estimation uncertainty

Some of the amounts included in the financial statements involve the use of judgement and/or estimation. These judgements and estimates are based on the director's prior experiences and using their best knowledge of the relevant facts and circumstances. Actual results may differ from the amounts included in the financial statements. Information about such judgements and estimations is included in the accounting policies and/or notes to the accounts. The key areas are summarised below;

Judgements in applying accounting policies

- The directors must judge whether all of the conditions required for the turnover to be recognised in profit and loss for the financial year, as set out in revenue note, have been met.

Sources of estimation uncertainty

- Insurance provisions are based on amounts expected to be paid out in respect of insurance claims

- Bad debt provision is reviewed on a client by client basis and estimated based on the likelihood of debt being recovered.

- Depreciation and amortisation rates are based on estimates of the useful economic lives and residual values of the assets involved.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Revenue from haulage and freight transport services is recognised in the period in which the services are provided.

Tangible fixed assets

Tangible fixed assets under the cost model, other than investment properties, are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of the assets less their residual value over their estimated useful economic lives, using the straight-line method.

Depreciation is provided on the following basis;

Long term leasehold property improvements

9% to 25% per annum straight line

Plant and machinery

5-25% per annum straight line and reducing balance

Motor vehicles

10% to 33% per annum straight line

The assets' residual values, useful economic lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive income.

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and after making due allowance for obsolete and slow moving items.

Financial instruments

The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

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

Current or deferred taxation assets and liabilities are not discounted.

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

Deferred tax

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

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

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

Pension costs and other post-retirement benefits

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

Debtors and creditors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured at amortised cost using the effective interest method.

Finance costs

Finance costs are charged to the Statement of Comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issues costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Statement of Comprehensive income in the year that the company becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

3.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

2025

2024

£

£

Haulage

16,684,845

13,189,920

Storage

7,705,469

7,444,079

24,390,314

20,633,999

An analysis of turnover by geographical market is given below:

2025

2024

£

£

United Kingdom

24,107,194

20,351,155

Europe

283,120

282,844

24,390,314

20,633,999

4.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

6,570,681

5,711,610

Social security costs

652,178

548,888

Other pension costs

201,630

132,424

7,424,489

6,392,922

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

2025

2024

Haulage and storage

137

128

Administration

43

48

180

176

2025

2024

£

£

Directors' remuneration

149,857

136,265

Directors' pension contributions to money purchase schemes

38,359

7,688

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

Money purchase schemes

1

1

During the period, majority of Director remuneration has been transferred into the parent entity of the group. Leaving one Director remunerated through C.S. Ellis (Group) Limited.

5.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2025

2024

£

£

Depreciation - owned assets

856,110

794,489

Profit on disposal of fixed assets

(38,846

)

(13,732

)

Auditors' remuneration

14,139

27,000

Foreign exchange differences

(1,316

)

2,980

Operating lease rentals

1,387,464

1,353,335

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Bank loan interest

-

165

Hire purchase interest

72,992

47,355

72,992

47,520

7.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2025

2024

£

£

Current tax:

Payment for group relief

165,909

(124,684

)

Deferred tax

85,193

227,759

Tax on profit

251,102

103,075

Reconciliation of total tax charge included in profit and loss

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

2025

2024

£

£

Profit before tax

873,380

750,886

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

218,345

187,722

Effects of:

Expenses not deductible for tax purposes

783

4,941

Income not taxable for tax purposes

(13,772

)

(61,944

)

Capital allowances in excess of depreciation

(45,523

)

(31,140

)

Adjustments to tax charge in respect of previous periods

8,991

-

Group Relief

80,644

5,950

Other timing differences

258

(2,454

)

Capital gains

1,376

-

Total tax charge

251,102

103,075

8.	TANGIBLE FIXED ASSETS

Long

Plant and

Motor

leasehold

machinery

vehicles

Totals

£

£

£

£

COST

At 1 July 2024

1,037,253

3,839,334

6,067,544

10,944,131

Additions

-

68,324

873,335

941,659

Disposals

-

(100,251

)

(838,315

)

(938,566

)

At 30 June 2025

1,037,253

3,807,407

6,102,564

10,947,224

DEPRECIATION

At 1 July 2024

864,717

3,578,417

3,015,685

7,458,819

Charge for year

61,897

162,811

631,402

856,110

Eliminated on disposal

-

(92,856

)

(665,883

)

(758,739

)

At 30 June 2025

926,614

3,648,372

2,981,204

7,556,190

NET BOOK VALUE

At 30 June 2025

110,639

159,035

3,121,360

3,391,034

At 30 June 2024

172,536

260,917

3,051,859

3,485,312

The net book value of assets held under hire purchase contracts, included above, is £2,534,129 (2024: £2,093,796)

9.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 July 2024

and 30 June 2025

741,059

NET BOOK VALUE

At 30 June 2025

741,059

At 30 June 2024

741,059

Included in the above are investments held at valuation amounting to £732,060 (2024 - £732,060), the original cost of these investments was £112,750 (2024 - £112,750).

10.

STOCKS

2025

2024

£

£

Stocks

39,958

41,429

11.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,643,077

3,839,620

Amounts owed by group undertakings

2,956,808

2,702,723

Other debtors

13,931

670

Directors' current accounts

22,672

188,102

Tax

83,245

83,245

Prepayments and accrued income

757,616

709,978

7,477,349

7,524,338

Amounts owed by group undertakings are unsecured, interest free and repayable on demand.

12.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 14)

-

983,780

Hire purchase contracts (see note 15)

645,074

722,718

Trade creditors

2,373,256

2,168,536

Amounts owed to group undertakings

-

79,662

Other taxes and social security

224,356

200,196

VAT

284,895

433,108

Other creditors

445,137

309,323

Accruals and deferred income

401,984

430,510

4,374,702

5,327,833

Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

13.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 15)

1,423,846

1,415,665