REGISTERED NUMBER: 07712899 (England and Wales)

Strategic Report, Report of the Directors and

Audited Financial Statements

For The Year Ended 31 July 2025

for

McFadden Utilities Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Independent Auditors' Report

5

Profit and Loss Account

9

Balance Sheet

10

Statement of Changes in Equity

11

Cash Flow Statement

12

Notes to the Cash Flow Statement

13

Notes to the Financial Statements

14

DIRECTORS:

Mr P McFadden

Mr T McFadden

REGISTERED OFFICE:

Upper Farm Bell Lane

Brookmans Park

Hatfield

AL9 7AY

REGISTERED NUMBER:

07712899 (England and Wales)

AUDITORS:

RNS Business Solutions Limited

Chartered Accountants

Statutory Auditors

276 Preston Road

Harrow

Middlesex

HA3 0QA

The directors present their strategic report for the year ended 31 July 2025.

REVIEW OF BUSINESS

McFadden Utilities operates within the UK utilities services and civil engineering sector. The company maintains a strong financial position, with no external borrowings or loans. We are recognised for our proven track record in successfully delivering contracts for water authorities, civil engineering firms, and telecommunications providers. Our portfolio of work includes repairs and maintenance, renewals, and the replacement of utilities across the civil engineering industry. In the most recent financial year, the company achieved a turnover increase of 0.83% compared to the previous year.

FINANCIAL KEY PERFORMANCE INDICATORS

The business strategy and risk approach are determined by the directors.

The directors have established a number of key performance indicators which they use to measure and monitor performance of the company in a number of different areas.

31 July 2025

31 July 2024

Turnover

£16,921,491

£16,782,096

Gross profit

£4,855,598

£4,004,436

Gross profit margin

28.69%

23.86%

Profit before tax

£2,561,799

£1,622,516

The company achieved a gross profit margin of 28.69%, a result that is particularly encouraging given the current market challenges and one that places us in the upper range within our industry. Overall, we are pleased with the company's performance this year. Our strategic approach, combined with the ability to capitalise on new opportunities, has delivered results that exceeded expectations and brought us closer to our long-term objectives.

PRINCIPAL RISKS AND UNCERTAINTIES

The company operates within a dynamic and often volatile business environment, where the retention of existing customers and the ability to secure new contracts remain fundamental to our success. While IT security continues to present an ongoing challenge, achieving Cyber Essentials certification provides reassurance that such risks are being effectively mitigated. In addition, staff retention represents a key area of focus, as demand for skilled professionals within our sector continues to increase.

FUTURE DEVELOPMENTS

AMP8 (Asset Management Plan Period 8) has demonstrated significant investment within the water sector. The Board of Directors is confident that the Company is well positioned to capitalise on these opportunities, supported by a strong order book. This foundation provides assurance that the business is on track to deliver profitable results in the year ahead.

ON BEHALF OF THE BOARD:

Mr P McFadden - Director

13 January 2026

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of provision of services to support UK water and other utilities.

DIVIDENDS

The total distribution of dividends for the year ended 31 July 2025 was £20,000

DIRECTORS

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

Mr P McFadden

Mr T McFadden

FINANCIAL INSTRUMENTS

The company's principal financial instruments comprise of bank balances, creditors and debtors. The main purpose of these instruments is to raise funds and finance the operations of the company.

Given the nature of the financial instruments utilised by the Company, there is no exposure to price risk. The Company’s approach to managing other risks associated with financial instruments is outlined in the following disclosures.

Liquidity Risk: The company has no borrowings.

Credit Risk: The company's principal financial assets are bank balances, amounts recoverable on contracts and trade debtors, which represent maximum exposure to credit risk in relation to financial assets.

The company's credit risk is primarily attributable to its amounts recoverable on contracts and trade debtors. Credit risk is managed by monitoring the aggregate amount and duration of exposure to any one customer depending upon their credit rating.

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), 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 of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

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

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

ON BEHALF OF THE BOARD:

Mr P McFadden - Director

13 January 2026

Opinion

We have audited the financial statements of McFadden Utilities Limited (the 'company') for the year ended 31 July 2025 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity, 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 31 July 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 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 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 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:

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the company.

Our approach was as follows:

- We obtained an understanding of the legal and regulatory requirements applicable to the company and considered that the most significant are the Companies Act 2006, UK financial reporting standards as issued by the Financial Reporting Council, and UK taxation legislation.

- We obtained an understanding of how the company complies with these requirements by discussions with management and those charged with governance.

- We assessed the risk of material misstatement of the financial statements, including the risk of material misstatement due to fraud and how it might occur, by holding discussions with management and those charged with governance.

- We inquired of management and those charged with governance as to any known instances of non-compliance or suspected non-compliance with laws and regulations.

- Based on this understanding we designed specific appropriate audit procedures to identify instances of non-compliance with laws and regulations. This included making enquiries of management and those charged with governance and obtaining additional corroborative evidence as required.

As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purposes of expressing an opinion on the effectiveness of the company's internal control.

- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

- Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the company to cease to continue as a going concern.

- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

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.

Rakesh Sangani BA FCA (Senior Statutory Auditor)

for and on behalf of RNS Business Solutions Limited

Chartered Accountants

Statutory Auditors

276 Preston Road

Harrow

Middlesex

HA3 0QA

13 January 2026

TURNOVER

3

16,921,491

16,782,096

Cost of sales

12,065,893

12,777,660

GROSS PROFIT

4,855,598

4,004,436

Administrative expenses

2,294,036

2,435,214

OPERATING PROFIT

6

2,561,562

1,569,222

Interest receivable and similar income

237

53,294

PROFIT BEFORE TAXATION

2,561,799

1,622,516

Tax on profit

7

643,839

407,779

PROFIT FOR THE FINANCIAL YEAR

1,917,960

1,214,737

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,917,960

1,214,737

FIXED ASSETS

Tangible assets

9

3,809,350

596

CURRENT ASSETS

Stocks

10

10,233

12,458

Debtors

11

3,810,996

2,115,029

Cash at bank

1,733,973

6,471,623

5,555,202

8,599,110

CREDITORS

Amounts falling due within one year

12

1,192,044

2,325,158

NET CURRENT ASSETS

4,363,158

6,273,952

TOTAL ASSETS LESS CURRENT LIABILITIES

8,172,508

6,274,548

CAPITAL AND RESERVES

Called up share capital

13

100

100

Profit and loss account

14

8,172,408

6,274,448

SHAREHOLDERS' FUNDS

8,172,508

6,274,548

The financial statements were approved by the Board of Directors and authorised for issue on 13 January 2026 and were signed on its behalf by:

Mr P McFadden - Director

Called up

Profit

share

and loss

Total

capital

account

equity

£

£

£

Balance at 1 August 2023

100

5,079,711

5,079,811

Changes in equity

Dividends

-

(20,000

)

(20,000

)

Total comprehensive income

-

1,214,737

1,214,737

Balance at 31 July 2024

100

6,274,448

6,274,548

Changes in equity

Dividends

-

(20,000

)

(20,000

)

Total comprehensive income

-

1,917,960

1,917,960

Balance at 31 July 2025

100

8,172,408

8,172,508

Cash flows from operating activities

Cash generated from operations

1

(512,223

)

575,920

Tax paid

(407,779

)

(510,329

)

Net cash from operating activities

(920,002

)

65,591

Cash flows from investing activities

Purchase of tangible fixed assets

(3,808,874

)

-

Interest received

237

53,294

Net cash from investing activities

(3,808,637

)

53,294

Cash flows from financing activities

Amount introduced by directors

10,989

-

Amount withdrawn by directors

-

(31,000

)

Equity dividends paid

(20,000

)

(20,000

)

Net cash from financing activities

(9,011

)

(51,000

)

(Decrease)/increase in cash and cash equivalents

(4,737,650

)

67,885

Cash and cash equivalents at beginning of year

2

6,471,623

6,403,738

Cash and cash equivalents at end of year

2

1,733,973

6,471,623

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

31/7/25

31/7/24

£

£

Profit before taxation

2,561,799

1,622,516

Depreciation charges

120

148

Finance income

(237

)

(53,294

)

2,561,682

1,569,370

Decrease in stocks

2,225

1,518

Increase in trade and other debtors

(1,695,967

)

(1,648,178

)

(Decrease)/increase in trade and other creditors

(1,380,163

)

653,210

Cash generated from operations

(512,223

)

575,920

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

1,733,973

6,471,623

Year ended 31 July 2024

31/7/24

1/8/23

£

£

Cash and cash equivalents

6,471,623

6,403,738

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1/8/24

Cash flow

At 31/7/25

£

£

£

Net cash

Cash at bank

6,471,623

(4,737,650

)

1,733,973

6,471,623

(4,737,650

)

1,733,973

Total

6,471,623

(4,737,650

)

1,733,973

1.	STATUTORY INFORMATION

McFadden Utilities Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102'), and with the Companies Act 2006. The financial statements have been prepared on the historical cost basis except for the modification to a fair value basis for certain financial instruments as specified in the accounting policies below.

The financial statements are presented in the company's functional currency which is Sterling (£).

Significant judgements and estimates

The company makes certain judgements and estimates regarding the future. Judgements and estimates are continually evaluated based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the future, actual experience may differ from these judgements and estimates.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Tangible fixed assets 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 assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated above.

The assets' residual values, useful 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 disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership of the leased asset to the group. All other leases are classified as operating leases.

Rentals payable under operating leases are charged to profit or loss on a straight-line basis over the lease term, unless the rental payments are structured to increase in line with expected general inflation, in which case the company recognises annual rent expense equal to amounts owed to the lessor.

The aggregate benefit of lease incentives are recognised as a reduction to the expense recognised over the lease term on a straight line basis.

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.

Financial instruments

The Company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other receivables, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

(ii) Financial liabilities

Basis financial liabilities, including trade and other payables, loans from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Going concern

The directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, which is a period of at least 12 months from the date of signing these financial statements. Therefore, the financial statements have been prepared on a going concern basis.

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:

31/7/25

31/7/24

£

£

Sale of goods

16,921,491

16,782,096

16,921,491

16,782,096

An analysis of turnover by geographical market is given below:

31/7/25

31/7/24

£

£

United Kingdom

16,921,491

16,782,096

16,921,491

16,782,096

4.	EMPLOYEES AND DIRECTORS

31/7/25

31/7/24

£

£

Wages and salaries

945,273

781,400

Social security costs

344,455

349,264

Other pension costs

87,395

62,395

1,377,123

1,193,059

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

31/7/25

31/7/24

Management

3

2

Operatives

35

39

Supervisor

6

7

Administration

15

18

59

66

5.	DIRECTORS' EMOLUMENTS

31/7/25

31/7/24

£

£

Directors' remuneration

70,000

70,000

6.	OPERATING PROFIT

The operating profit is stated after charging:

31/7/25

31/7/24

£

£

Other operating leases

129,506

118,006

Depreciation - owned assets

120

148

Auditors' remuneration

9,000

8,500

7.

TAXATION

Analysis of the tax charge

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

31/7/25

31/7/24

£

£

Current tax:

UK corporation tax

643,839

407,779

Tax on profit

643,839

407,779

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:

31/7/25

31/7/24

£

£

Profit before tax

2,561,799

1,622,516

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

640,450

405,629

Effects of:

Expenses not deductible for tax purposes

3,359

2,113

Depreciation in excess of capital allowances

30

37

Total tax charge

643,839

407,779

8.

DIVIDENDS

31/7/25

31/7/24

£

£

Final

20,000

20,000

9.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST

At 1 August 2024

-

10,401

10,401

Additions

3,808,874

-

3,808,874

At 31 July 2025

3,808,874

10,401

3,819,275

DEPRECIATION

At 1 August 2024

-

9,805

9,805

Charge for year

-

120

120

At 31 July 2025

-

9,925

9,925

NET BOOK VALUE

At 31 July 2025

3,808,874

476

3,809,350

At 31 July 2024

-

596

596

10.

STOCKS

31/7/25

31/7/24

£

£

Stocks

10,233

12,458

11.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/7/25

31/7/24

£

£

Trade debtors

2,953,328

1,883,766

Other debtors

568,450

135,858

VAT

78,998

-

Prepayments

210,220

95,405

3,810,996

2,115,029

The management considers that there are no impairment losses during this or the previous year.

12.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/7/25

31/7/24

£

£

Trade creditors

455,647

1,344,945

Tax

643,839

407,779

Social security and other taxes

63,877

94,314

VAT

-

461,428

Directors' current accounts

11,681

692

Accrued expenses

17,000

16,000

1,192,044

2,325,158