REGISTERED NUMBER: 00532272 (England and Wales)

S.J.BARGH LIMITED

STRATEGIC REPORT, DIRECTORS' REPORT AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Page

Company Information

1

Strategic Report

2

Directors' Report

4

Independent Auditors' Report

6

Statement of Income and Retained Earnings

10

Balance Sheet

11

Cash Flow Statement

12

Notes to the Cash Flow Statement

13

Notes to the Financial Statements

14

Directors:

Mrs R M Towers

Mrs R K Thomas

Mr T J Lloyd

Mr M D Hestford

Mr M J Sidley

Mr L Tyldesley

Secretary:

Mr M D Hestford

Registered office:

Head Office

Caton Road

LANCASTER

LA1 3PE

Registered number:

00532272 (England and Wales)

Auditors:

Xeinadin Audit Limited

Accountants and Statutory Auditors

Dalton House

9 Dalton Square

LANCASTER

LA1 1WD

Bankers:

Barclays Bank Plc

LEICESTER

LE87 2BB

Accountants:

Xeinadin

Dalton House

9 Dalton Square

LANCASTER

LA1 1WD

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

Review of business

Our review is consistent with the size and nature of our business and is written in the context of the risks and uncertainties we face.

The company supplied its services to the milk and pallet sector during the year, with complimentary services in driver training and mechanical parts and servicing.

The logistics sector continues to navigate increased staffing costs and fuel price volatility.

Milk market conditions continue to be challenging, we have seen the consolidation of Dairies coupled with vertical integration of inbound logistics.

Our ability to manage our vehicle maintenance internally is reliant on recruiting and retaining qualified technicians. To support this, we operate an apprenticeship scheme in the garage, which has proven to be a great success.

The management team continues to focus on efficiencies, specifically the ongoing rationalisation of out based sites, farm collection route planning, investment in larger vehicles, and through the adoption of technology.

We consider that our key financial performance indicators are those that communicate the financial performance and strength of the company, these being gross profit and operating profits.

Operating profit was £374,614 (2024: £614,094). Reported profit before tax was £172,322 (2024: £406,148). The Directors overall were satisfied with the Company's financial performance given challenging trading conditions for which increases in the cost base continue to be an area of concern.

Principal risks and uncertainties

As for many businesses in our sector, the business environment in which we operate has become very challenging. Consequently with these challenges and uncertainties in mind we are aware that any plans for future development of our business may be subject to unforeseen future events outside our control.

Section 172(1) statement

Directors' statement of compliance with duty to promote the success of the Company

Under S.172 of the Companies Act 2006 directors of UK companies have a duty to promote the success of their for company for the benefit of the members as a whole and, in doing so, have regard to:

a. the likely consequences of any decision in the long term;

b. the interests of the company's employees;

c. the need to foster the company's business relationships with suppliers, customers and others;

d. the impact of the company's operations on the community and the environment;

e. the desirability of the company maintaining a reputation for high standards of business conduct; and

f. the need to act fairly between members of the Group and it's subsidiaries.

The Company is well-established and prides itself on being a long serving logistics provider in the milk, pallet and general haulage sector. It has over many years built up an admirable reputation for its quality of service and positive attitude. The biggest asset of the Company is its workforce who are dedicated and highly trained, the Company continues to innovate and grow based on its strong heritage and financial strength. The directors consider the following areas to be of key importance in its fulfilment of this duty:

- carrying out detailed planning and forecasting to ensure the ongoing financial safety and continued growth of the business;

- investing in our employees by providing high quality training and continued development and support;

- maintaining the highest standards of integrity and honesty in the company's dealings with employees, customers, suppliers, the general public and local and national government;

- prioritising the maintenance of the highest standards of health and safety and environmental protection through investment in training, equipment and staff awareness;

- working with the local community and listening to their views and feedback and investing in projects to help support local good causes; and

- identifying new and innovative solutions to reducing the impact of our business on the environment

by reducing our carbon consumption, water usage and waste production; and

- investing in new technology and practices to improve efficiencies in collaboration with our customers and suppliers.

On behalf of the board:

Mrs R K Thomas - Director

11 November 2025

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

Dividends

The total distribution of dividends (to Parent company) for the year ended 30 April 2025 was £nil (2024 - £nil). The directors recommend that no final dividend be paid on any class of shares.

Directors

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

Mrs R M Towers

Mrs R K Thomas

Mr T J Lloyd

Other changes in directors holding office are as follows:

Mrs T M Park - resigned 31 July 2024

Mr G N Richardson - resigned 2 October 2024

Mr M D Hestford - appointed 31 July 2024

Mr M J Sidley - appointed 4 October 2024

Mr L Tyldesley - appointed 15 November 2024

Employment of disabled persons

The company gives full consideration to applications for employment from disabled persons where the requirements of the job can be adequately fulfilled by a handicapped or disabled person. Where existing employees become disabled, it is the company's policy wherever practicable to provide continuing employment under normal terms and conditions and to provide training and career development and promotion to disabled employees wherever appropriate.

Employee involvement

During the year, the policy of providing employees with information about the company has been continued through internal media methods in which employees have also been encouraged to present their suggestions and views on the company performance. Meetings are held between local management and employees to allow a free flow of information and ideas.

Engagement with suppliers, customers and others

Maintaining relations with our customers is paramount to the successful running of the business with regular engagement playing a key part of our commercial strategy.

The business has a long-standing supplier base and honours good service through maintaining excellent payment practises.

Statement of directors' responsibilities

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

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). 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;

-	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 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, Xeinadin Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

On behalf of the board:

Mrs R K Thomas - Director

11 November 2025

Opinion

We have audited the financial statements of S.J.Bargh Limited (the 'company') for the year ended 30 April 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet, Cash Flow Statement and Notes to the 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 company's affairs as at 30 April 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 Directors' Report, but does not include the financial statements and our Auditors' Report thereon.

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Matters on which we are required to report by exception

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

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

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

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

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

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

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page 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 an Auditors' Report 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:

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

- Enquiry of management and those charged with governance around actual and potential litigation and claims;

- Reviewing minutes of meetings of those charged with governance;

- Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias;

-Enquiry of management and those charged with governance to identify any instances of non-compliance with laws and regulations.

The potential effect of these laws and regulations on the financial statements varies considerably.

Firstly, the Company is subject to laws and regulations that directly affect the financial statements including financial reporting legislation (including related companies legislation), distributable profits legislation and taxation legislation and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.

Secondly, the Company is subject to many other laws and regulations where the consequence of non-compliance could have a material effect on amounts or disclosures in the financial statements, for instance the imposition of fines or litigation or the loss of the Company's license to operate. We identified the following areas as those most likely to have such an effect: health and safety, data protection laws, anti-bribery, money laundering and employment law recognising the nature of the Company's activities. 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 of regulatory and legal correspondence, if any. Therefore, if a breach of operational regulations is not disclosed to us or evident from relevant correspondence, an audit will not detect that breach.

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

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

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 Auditors' Report.

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 an Auditors' Report 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.

Tim Preece FCCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

Accountants and Statutory Auditors

Dalton House

9 Dalton Square

LANCASTER

LA1 1WD

30 November 2025

Turnover

39,078,300

40,709,184

Cost of sales

(31,437,060

)

(32,722,368

)

Gross profit

7,641,240

7,986,816

Administrative expenses

(7,326,708

)

(7,436,324

)

314,532

550,492

Other operating income

60,082

63,602

Operating profit

4

374,614

614,094

Interest receivable and similar income

22,563

20,434

397,177

634,528

Interest payable and similar expenses

6

(224,855

)

(228,380

)

Profit before taxation

172,322

406,148

Tax on profit

7

(161,149

)

(257,661

)

Profit for the financial year

11,173

148,487

Retained earnings at beginning of year

10,488,533

10,340,046

Retained earnings at end of year

10,499,706

10,488,533

Fixed assets

Tangible assets

8

9,873,188

11,332,148

Current assets

Stocks

9

632,666

633,014

Debtors

10

6,509,033

7,831,786

Cash at bank and in hand

1,801,879

871,950

8,943,578

9,336,750

Creditors

Amounts falling due within one year

11

(6,652,246

)

(7,507,555

)

Net current assets

2,291,332

1,829,195

Total assets less current liabilities

12,164,520

13,161,343

Creditors

Amounts falling due after more than one year

12

(916,116

)

(2,085,261

)

Provisions for liabilities

14

(746,128

)

(584,979

)

Net assets

10,502,276

10,491,103

Capital and reserves

Called up share capital

15

2,538

2,538

Capital redemption reserve

16

32

32

Retained earnings

16

10,499,706

10,488,533

Shareholders' funds

10,502,276

10,491,103

The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2025 and were signed on its behalf by:

Mrs R K Thomas - Director

Cash flows from operating activities

Cash generated from operations

1

3,547,090

2,107,693

Interest paid

-

(83

)

Interest element of hire purchase payments paid

(224,855

)

(228,297

)

Tax paid

-

48,004

Net cash from operating activities

3,322,235

1,927,317

Cash flows from investing activities

Purchase of tangible fixed assets

(257,441

)

(1,321,229

)

Sale of tangible fixed assets

275,871

380,220

Interest received

22,563

20,434

Net cash from investing activities

40,993

(920,575

)

Cash flows from financing activities

Other borrowings

274,998

987,263

Capital repayments in year

(2,708,297

)

(2,200,537

)

Net cash from financing activities

(2,433,299

)

(1,213,274

)

Increase/(decrease) in cash and cash equivalents

929,929

(206,532

)

Cash and cash equivalents at beginning of year

2

871,950

1,078,482

Cash and cash equivalents at end of year

2

1,801,879

871,950

1.	Reconciliation of profit before taxation to cash generated from operations

2025

2024

£

£

Profit before taxation

172,322

406,148

Depreciation charges

2,246,686

2,428,904

Profit on disposal of fixed assets

(167,699

)

(101,237

)

Finance costs

224,855

228,380

Finance income

(22,563

)

(20,434

)

2,453,601

2,941,761

Decrease in stocks

348

21,943

Decrease/(increase) in trade and other debtors

1,322,753

(1,267,580

)

(Decrease)/increase in trade and other creditors

(229,612

)

411,569

Cash generated from operations

3,547,090

2,107,693

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 30 April 2025

30/4/25

1/5/24

£

£

Cash and cash equivalents

1,801,879

871,950

Year ended 30 April 2024

30/4/24

1/5/23

£

£

Cash and cash equivalents

871,950

1,078,482

3.	Analysis of changes in net debt

At 1/5/24

Cash flow

At 30/4/25

£

£

£

Net cash

Cash at bank and in hand

871,950

929,929

1,801,879

871,950

929,929

1,801,879

Debt

Finance leases

(4,630,208

)

2,069,842

(2,560,366

)

(4,630,208

)

2,069,842

(2,560,366

)

Total

(3,758,258

)

2,999,771

(758,487

)

1.	Statutory information

S.J.Bargh 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.

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

2.	Accounting policies

Basis of preparing the financial statements

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

Significant judgements and estimates

When preparing the financial statements, the directors are required to make judgements, estimates and assumptions about the carrying value of assets, liabilities, income and expenses.The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable, for services provided in the normal course of business, net of discounts, rebates, value added tax and other sales taxes.

Turnover is recognised at a point in time when a performance obligation is satisfied by transferring a service to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% Reducing balance

Fixtures and fittings

-

15% Reducing balance

Motor vehicles

-

25% Reducing balance and Straight line over 7 to 12 years

Computer equipment

-

25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

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

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Basic financial assets

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

Classification of financial liabilities

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

Basic financial liabilities

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

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. Amounts payable are classified as current liabilities if the 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 rate 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 balance sheet date.

Deferred tax

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

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

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

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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss 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.	Employees and directors

2025

2024

£

£

Wages and salaries

15,896,210

16,069,673

Social security costs

1,712,796

1,584,669

Other pension costs

349,930

353,552

17,958,936

18,007,894

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

2025

2024

Administration and support

65

65

Other departments

366

384

431

449

2025

2024

£

£

Directors' remuneration

345,434

279,373

Directors' pension contributions to money purchase schemes

12,761

12,482

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

Money purchase schemes

5

2

Information regarding the highest paid director is as follows:

2025

2024

£

£

Emoluments etc

86,897

136,619

Pension contributions to money purchase schemes

8,310

10,400

4.	Operating profit

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

2025

2024

£

£

Hire of plant and machinery

170,405

81,524

Other operating leases

223,745

278,704

Depreciation - owned assets

1,427,382

1,184,676

Depreciation - assets on hire purchase contracts

819,302

1,244,187

Profit on disposal of fixed assets

(167,699

)

(101,237

)

5.	Auditors' remuneration

2025

2024

£

£

Fees payable to the company's auditors and their associates for the audit of the company's financial statements

13,000

13,330

Other non- audit services

8,985

9,369

6.

Interest payable and similar expenses

2025

2024

£

£

Other interest payable

-

83

Hire purchase

224,855

228,297

224,855

228,380

7.

Taxation

Analysis of the tax charge

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

2025

2024

£

£

Deferred tax

161,149

257,661

Tax on profit

161,149

257,661

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

172,322

406,148

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

43,081

101,537

Effects of:

Utilisation of tax losses

114,757

152,944

Depreciation on non-qualifying assets

3,311

3,180

used for deferred tax

Total tax charge

161,149

257,661

8.	Tangible fixed assets

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

Cost

At 1 May 2024

146,558

1,037,663

659,717

Additions

61,758

19,901

6,506

Disposals

-

-

(823

)

At 30 April 2025

208,316

1,057,564

665,400

Depreciation

At 1 May 2024

114,547

672,137

496,222

Charge for year

18,825

57,072

25,020

Eliminated on disposal

-

-

(716

)

At 30 April 2025

133,372

729,209

520,526

Net book value

At 30 April 2025

74,944

328,355

144,874

At 30 April 2024

32,011

365,526

163,495