Company Registration No. 02389423 (England and Wales)
REGA DEVELOPMENTS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
REGA DEVELOPMENTS LIMITED
COMPANY INFORMATION
Director
RL K Gandy
Company number
02389423
Registered office
Unit 6 Coopers Way
Temple Farm Industrial Estate
Southend-on-Sea
Essex
SS2 5TE
Auditor
Rickard Luckin Limited
1st Floor
County House
100 New London Road
Chelmsford
Essex
CM2 0RG
REGA DEVELOPMENTS LIMITED
CONTENTS
Page
Strategic report
1 - 2
Director's report
3
Director's responsibilities statement
4
Independent auditor's report
5 - 8
Group statement of comprehensive income
9
Group balance sheet
10
Company balance sheet
11
Group statement of changes in equity
12
Company statement of changes in equity
13
Group statement of cash flows
14
Notes to the financial statements
15 - 30
REGA DEVELOPMENTS LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 30 JUNE 2025
- 1 -

The director presents the strategic report for the year ended 30 June 2025.

Review of the business

The Director is satisfied with the performance of the business reporting an increase in turnover of 11.3% compared to the prior year. Turnover is being maintained at a level at which the Director believes the business is best suited to serve customers.

Gross profit margins have increased to 35.2% (2024: 32.6%) in the year. The gross profit margin achieved in the year is still pleasing given the continued challenges of inflation and large increase in supplier costs experienced. Our decision to adopt a low margin/​​ high sales volume strategy has helped maintain both trade and profitability whilst continuing to be a strategy that best suits the Group's long term aims. At the end of the year the Group had net assets of £24,233,036 (2024: £23,369,854).

Future developments

We continue to believe that innovation whilst offering a value-based product is at the heart of Rega’s business. Therefore, we plan to release a selection of products over the next 12 months at varying price ranges with improved profitability, further increasing demand for Rega products and increasing trade within an ever competitive market. This approach will complement our current low margin/high sales volume strategy which will ensure the Group and subsidiary company remain both profitable and innovative.

The cash balance has fallen slightly to £9.6m (2024: £10.1m) in the year. The Group’s and subsidiary company's long term aim is to maintain cash at these levels given its operational importance, allowing the business to meet demand despite increasing supplier costs and supply chain time constraints that would otherwise result in an enforced reduction in trade. It also allows us to invest in our infrastructure, plant & equipment and development of new products.

Principal risks and uncertainties

The principal risk of the Group is in respect to market trends and the demand for products within the audio industry. Rega Developments Limited as the parent company within the Group is reliant on its trading subsidiary to meet future cash obligations.

Price risk, credit risk, liquidity risk and cash flow risk

The Group and company’s princip al financial instruments comprise cash and liquid resources. The main purpose of these instruments is to finance the Group and company’s operations. The Group and company ha ve various other financial instruments such as trade debtors and trade creditors that arise directly from it’s operations.

In respect of bank balances, the liquidity risk is managed by maintaining a positive cash balance. All of the company and the Group’s cash balances are held in such a way that achieves a competitive rate of interest. The Group and company make use of money market facilities where funds are available.

Trade debtors are managed in respect of credit and cash flow risk policies concerning the credit offered to customers and regular monitoring of amounts outstanding for both time and credit limits. The amounts presented in the balance sheet are net of allowances for doubtful debtors.

Trade creditors liquidity risk is managed by ensuring sufficient funds are available to meet amounts due.

REGA DEVELOPMENTS LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 2 -
Key performance indicators

The Group's key financial performance indicators during the year were as follows:

2025 2024

Turnover £15,760,536 £14,159,561

Turnover growth 11.3% 3.1%

Gross profit margin 35.2% 32.6%

Profit before tax £1,203,395 £684,010

On behalf of the board

RL K Gandy
Director
12 February 2026
REGA DEVELOPMENTS LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 30 JUNE 2025
- 3 -

The director presents his annual report and financial statements for the year ended 30 June 2025.

Principal activities

The principal activity of the company is that of a property and holding company. The principal activity of the subsidiary undertaking continued to be that of manufacturing and selling audio equipment.

Results and dividends

The results for the year are set out on page 9.

No ordinary dividends were paid. The director does not recommend payment of a final dividend.

Director

The director who held office during the year and up to the date of signature of the financial statements was as follows:

RL K Gandy
Auditor

The auditor, Rickard Luckin Limited, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

Strategic report

The true directors ha ve chosen in accordance with Companies Act 2006, s. 414C(11) to set out in the company's strategic report information required by Large and Medium-sized Companies (Accounts and Reports) Regulations 2008, Sch. 7 to be contained in the directors' report. It has done so in respect of results for the year, principal risks and uncertainties.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the auditor of the company is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the auditor of the company is aware of that information.

Medium-sized companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the medium-sized companies exemption.

On behalf of the board
RL K Gandy
Director
12 February 2026
REGA DEVELOPMENTS LIMITED
DIRECTOR'S RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 30 JUNE 2025
- 4 -

The director is responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the group and company, and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;

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

- state whether applicable UK 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 group and company will continue in business.

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

REGA DEVELOPMENTS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF REGA DEVELOPMENTS LIMITED
- 5 -
Opinion

We have audited the financial statements of Rega Developments Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 June 2025 which comprise the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the group's and the parent company's affairs as at 30 June 2025 and of the group's profit for the year then ended;

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

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

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent 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 director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The director is responsible for the other information contained within the annual report. 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. 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 course of 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 our audit:

- T he information given in the strategic report and the director's r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- The strategic report and the director's report have been prepared in accordance with applicable legal requirements.

REGA DEVELOPMENTS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF REGA DEVELOPMENTS LIMITED
- 6 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and their environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the director's r eport.

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

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

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

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

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

Responsibilities of director

As explained more fully in the director's r esponsibilities s tatement, the director is 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 director determines is 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 director is responsible for assessing the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the parent company or to cease operations, or has no realistic alternative but to do so.

Auditor's 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 auditor's 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.

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.

Capability of the audit in detecting irregularity, including fraud

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our: general commercial and sector experience; through verbal and written communications with those charged with governance and other management; through communications with legal counsel, and via inspection of the group’s reg ulatory and legal correspondence.

We discussed with those charged with governance and other management the policies and procedures regarding compliance with laws and regulations.

We communicated identified laws and regulations to our team and remained alert to any indicators of non-compliance throughout the audit, we also specifically considered where and how fraud may occur within the group.

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

Firstly, the group and the parent is subject to laws and regulations that directly affect the financial statements, including: the company’s constitution; relevant financial reporting standards; company law; tax legislation and distributable profits legislation and we assess the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.

REGA DEVELOPMENTS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF REGA DEVELOPMENTS LIMITED
- 7 -

Secondly the group and parent is subject to many other laws and regulations where the consequences of non-compliance could have a material effect on the amounts or disclosures in the financial statements, for instance through the imposition of fines and penalties, or through losses arising from litigations. We identified the following areas as those most likely to have such an affect: employment legislation; health and safety legislation; trade legislation; waste electronic equipment regulations; data protection laws; export control act; anti-bribery and anti-corruption legislation.

ISAs (UK) limit the required procedures to identify non-compliance with these laws and regulations to the procedures, and no procedures over and above those already noted are required. These limited procedures did not identify any actual or suspected non-compliance with laws and regulations that could have a material impact on the financial statements.

In relation to fraud, we performed the following specific procedures in addition to those already noted:

- Challenging assumptions made by management in its significant accounting estimates in particular: depreciation and deferred tax

- Identifying and testing journal entries during the year and around the year end, in particular any entries posted with unusual nominal ledger account combinations, journal entries crediting cash or any revenue account, journal entries posted by senior management, consolidation journals, and journal entries crediting cash or any revenue account;

- Performing analytical procedures to identify unexpected movements in account balances which may be indicative of fraud;

- Ensuring that testing undertaken on both the performance statement, and the Balance Sheet includes a number of items selected on a random basis;

These procedures did not identify any actual or suspected fraudulent irregularity that could have a material impact on the financial statements.

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 ISAs (UK). For example, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely the procedures that we are required to undertake would identify it. In addition, as with any audit, there remains a high risk of non-detection of irregularities, as these might involve collusion, forgery, intentional omissions, misrepresentation, or the override of internal controls. We are not responsible for preventing non-compliance with laws and regulations or fraud, and cannot be expected to detect non-compliance with all laws and regulations or every incidence of fraud.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

REGA DEVELOPMENTS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF REGA DEVELOPMENTS LIMITED
- 8 -

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 auditor's 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.

Joanna Southon (Senior Statutory Auditor)
For and on behalf of Rickard Luckin Limited
26 February 2026
Chartered Accountants
Statutory Auditor
1st Floor
County House
100 New London Road
Chelmsford
Essex
CM2 0RG
REGA DEVELOPMENTS LIMITED
GROUP STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 JUNE 2025
- 9 -
2025
2024
Notes
£
£
Turnover
3
15,760,536
14,159,561
Cost of sales
(10,213,275)
(9,545,330)
Gross profit
5,547,261
4,614,231
Distribution costs
(82,752)
(75,315)
Administrative expenses
(4,681,102)
(4,221,188)
Other operating income
131,427
-
0
Operating profit
4
914,834
317,728
Interest receivable and similar income
8
288,561
366,282
Profit before taxation
1,203,395
684,010
Tax on profit
9
(340,213)
52,616
Profit for the financial year
20
863,182
736,626
Profit for the financial year is all attributable to the owner of the parent company.
Total comprehensive income for the year is all attributable to the owner of the parent company.
REGA DEVELOPMENTS LIMITED
GROUP BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 10 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3,857
4,252
Tangible assets
11
6,366,322
4,864,617
6,370,179
4,868,869
Current assets
Stocks
14
10,034,638
9,646,967
Debtors
15
793,378
673,781
Cash at bank and in hand
9,550,357
10,117,499
20,378,373
20,438,247
Creditors: amounts falling due within one year
16
(2,009,190)
(1,542,626)
Net current assets
18,369,183
18,895,621
Total assets less current liabilities
24,739,362
23,764,490
Provisions for liabilities
Deferred tax liability
17
506,326
394,636
(506,326)
(394,636)
Net assets
24,233,036
23,369,854
Capital and reserves
Called up share capital
19
1,252
1,252
Other reserves
20
17,389,115
17,389,115
Profit and loss reserves
20
6,842,669
5,979,487
Total equity
24,233,036
23,369,854

These financial statements have been prepared in accordance with the provisions relating to medium-sized groups.

The financial statements were approved and signed by the director and authorised for issue on 12 February 2026
RL K Gandy
Director
Company registration number 02389423 (England and Wales)
REGA DEVELOPMENTS LIMITED
COMPANY BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 11 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
11
2,855,574
1,325,917
Investments
12
1,251
1,250
2,856,825
1,327,167
Current assets
Debtors
15
2
2
Cash at bank and in hand
221,508
173,435
221,510
173,437
Creditors: amounts falling due within one year
16
(1,630,234)
(40,234)
Net current (liabilities)/assets
(1,408,724)
133,203
Net assets
1,448,101
1,460,370
Capital and reserves
Called up share capital
19
1,252
1,252
Profit and loss reserves
20
1,446,849
1,459,118
Total equity
1,448,101
1,460,370

As permitted by s408 Companies Act 2006, the c ompany has not presented its own profit and loss account and related notes. The c ompany’s loss for the period was £12,269 (2024 - £27,760 profit).

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 12 February 2026
RL K Gandy
Director
Company registration number 02389423 (England and Wales)
REGA DEVELOPMENTS LIMITED
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2025
- 12 -
Share capital
Merger reserve
Profit and loss reserves
Total
£
£
£
£
Balance at 1 July 2023
1,252
17,389,115
5,242,861
22,633,228
Year ended 30 June 2024:
Profit and total comprehensive income
-
-
736,626
736,626
Balance at 30 June 2024
1,252
17,389,115
5,979,487
23,369,854
Year ended 30 June 2025:
Profit and total comprehensive income
-
-
863,182
863,182
Balance at 30 June 2025
1,252
17,389,115
6,842,669
24,233,036
REGA DEVELOPMENTS LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2025
- 13 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 July 2023
1,252
1,431,358
1,432,610
Year ended 30 June 2024:
Profit and total comprehensive income for the year
-
27,760
27,760
Balance at 30 June 2024
1,252
1,459,118
1,460,370
Year ended 30 June 2025:
Profit and total comprehensive income
-
(12,269)
(12,269)
Balance at 30 June 2025
1,252
1,446,849
1,448,101
REGA DEVELOPMENTS LIMITED
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2025
- 14 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
24
1,444,090
1,459,230
Income taxes paid
(205,946)
(148,094)
Net cash inflow from operating activities
1,238,144
1,311,136
Investing activities
Purchase of tangible fixed assets
(2,093,847)
(758,021)
Proceeds from disposal of tangible fixed assets
-
42,409
Interest received
288,561
366,282
Net cash used in investing activities
(1,805,286)
(349,330)
Net (decrease)/increase in cash and cash equivalents
(567,142)
961,806
Cash and cash equivalents at beginning of year
10,117,499
9,155,693
Cash and cash equivalents at end of year
9,550,357
10,117,499
REGA DEVELOPMENTS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 15 -
1
Accounting policies
Company information

Rega Developments Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is Unit 6 Coopers Way, Temple Farm Industrial Estate, Southend-on-Sea, Essex, SS2 5TE.

The group consists of Rega Developments Limited and all of its subsidiaries.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements for parent company information presented within the consolidated financial statements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

- Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

1.2
Business combinations

In the parent company financial statements, t he cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the twelve months following the acquisition date. I nvestments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

Deferred tax is recognised on differences between the value of assets (other than goodwill) and liabilities recognised in a business combination accounted for using the purchase method and the amounts that can be deducted or assessed for tax, considering the manner in which the carrying amount of the asset or liability is expected to be recovered or settled. The deferred tax recognised is adjusted against goodwill or negative goodwill.

REGA DEVELOPMENTS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 16 -
1.3
Basis of consolidation

The consolidated group financial statements consist of the financial statements of the parent company Rega Developments Limited together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.

All financial statements are made up to 30 June 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the g roup.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.

1.4
Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the group has adequate resources to continue in operational existence for a period of at least twelve months from when the financial statements are authorised for issue. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.5
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.6
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.7
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Patents & licences
Over the life of the patent
REGA DEVELOPMENTS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 17 -
1.8
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
50 years straight line
Leasehold land and buildings
Over the term of the lease
Leasehold improvements
10% straight line
Plant and equipment
10% reducing balance
Tooling
50% straight line
Computers
25% reducing balance
Motor vehicles
25% reducing balance

Freehold land is not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

1.9
Fixed asset investments

Equity in vest ments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

I n the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.10
Impairment of fixed assets

At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

REGA DEVELOPMENTS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 18 -

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.11
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Work in progress is recognised within raw materials and components in the financial statements. Work in progress is valued at the cost of each component and the labour incurred to bring the component to its current condition. Once work is completed on each component the item is removed from work in progress and recognised as an item of stock.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.12
Cash and cash equivalents

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

1.13
Financial instruments

The group 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.

Financial instruments are recognised in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 m ethod 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. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

REGA DEVELOPMENTS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 19 -
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. 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 profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

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 group after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 paymen ts 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 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.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

REGA DEVELOPMENTS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 20 -
Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

1.14
Equity instruments

Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.

1.15
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.16
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.17
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.18
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease d asset are consumed.

REGA DEVELOPMENTS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 21 -
1.19
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the group’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. 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.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Depreciation

Depreciation is based on an estimate of the useful economic life of each asset. The directors have exercised judgement in determining the useful economic lives of the tangible fixed assets in order to set the depreciation policy.

3
Turnover
2025
2024
£
£
Turnover analysed by geographical market
Sales - UK
4,686,878
4,104,537
Sales - Europe
6,045,374
5,738,803
Sales - Rest of the world
5,028,284
4,316,221
15,760,536
14,159,561

Other revenue is disclosed per note 8.

4
Operating profit
2025
2024
£
£
Operating profit for the year is stated after charging/(crediting):
Exchange gains
(21,457)
(19,132)
Research and development costs
657,137
715,676
Depreciation of owned tangible fixed assets
571,365
532,155
(Profit)/loss on disposal of tangible fixed assets
-
8,601
Amortisation of intangible assets
395
395
Operating lease charges
128,854
118,043
REGA DEVELOPMENTS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 22 -
5
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the group and company
7,350
5,000
Audit of the financial statements of the company's subsidiaries
20,680
16,920
28,030
21,920
6
Employees

The average monthly number of persons (including directors) employed by the group and company during the year was:

Group
Company
2025
2024
2025
2024
Number
Number
Number
Number
62
60
-
-
75
66
-
-
Total
137
126
0
0

Their aggregate remuneration comprised:

Group
Company
2025
2024
2025
2024
£
£
£
£
Wages and salaries
4,273,378
4,111,344
-
0
-
0
Pension costs
111,002
89,012
-
0
-
0
4,384,380
4,200,356
-
0
-
0
7
Director's remuneration
2025
2024
£
£
Remuneration for qualifying services
43,250
41,500
REGA DEVELOPMENTS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 23 -
8
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
286,103
366,282
Other interest income
2,458
-
Total income
288,561
366,282
9
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
233,697
17,234
Adjustments in respect of prior periods
(5,174)
-
0
Total current tax
228,523
17,234
Deferred tax
Origination and reversal of timing differences
111,690
(69,850)
Total tax charge/(credit)
340,213
(52,616)

The actual charge/(credit) for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
1,203,395
684,010
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
300,849
171,003
Tax effect of expenses that are not deductible in determining taxable profit
29,729
16,233
Permanent capital allowances in excess of depreciation
126,208
(12,044)
Depreciation on assets not qualifying for tax allowances
2,959
2,959
Under/(over) provided in prior years
(5,107)
-
0
Research and development enhance expense
-
0
(153,871)
Patent box
(113,463)
(76,103)
Marginal relief
(962)
(793)
Taxation charge/(credit)
340,213
(52,616)
REGA DEVELOPMENTS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 24 -
10
Intangible fixed assets
Group
Patents & licences
£
Cost
At 1 July 2024 and 30 June 2025
5,437
Amortisation and impairment
At 1 July 2024
1,185
Amortisation charged for the year
395
At 30 June 2025
1,580
Carrying amount
At 30 June 2025
3,857
At 30 June 2024
4,252
The company had no intangible fixed assets at 30 June 2025 or 30 June 2024.

More information on impairment movements in the year is given in note .

REGA DEVELOPMENTS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 25 -
11
Tangible fixed assets
Group
Freehold land and buildings
Leasehold land and buildings
Leasehold improvements
Plant and equipment
Tooling
Computers
Motor vehicles
Total
£
£
£
£
£
£
£
£
Cost
At 1 July 2024
1,355,858
987,000
674,093
2,088,309
218,199
310,373
189,612
5,823,444
Additions
1,588,545
-
0
141,183
127,020
56,485
27,771
152,843
2,093,847
Disposals
-
0
-
0
-
0
-
0
-
0
-
0
(49,250)
(49,250)
At 30 June 2025
2,944,403
987,000
815,276
2,215,329
274,684
338,144
293,205
7,868,041
Depreciation and impairment
At 1 July 2024
29,941
3,084
226,883
423,110
107,871
96,075
71,863
958,827
Depreciation charged in the year
58,888
1,028
91,384
179,171
117,923
60,517
62,454
571,365
Eliminated in respect of disposals
-
0
-
0
-
0
-
0
-
0
-
0
(28,473)
(28,473)
At 30 June 2025
88,829
4,112
318,267
602,281
225,794
156,592
105,844
1,501,719
Carrying amount
At 30 June 2025
2,855,574
982,888
497,009
1,613,048
48,890
181,552
187,361
6,366,322
At 30 June 2024
1,325,917
983,916
447,210
1,665,199
110,328
214,298
117,749
4,864,617
REGA DEVELOPMENTS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 26 -
Company
Freehold land and buildings
£
Cost
At 1 July 2024
1,355,858
Additions
1,588,545
At 30 June 2025
2,944,403
Depreciation and impairment
At 1 July 2024
29,941
Depreciation charged in the year
58,888
At 30 June 2025
88,829
Carrying amount
At 30 June 2025
2,855,574
At 30 June 2024
1,325,917
12
Fixed asset investments
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Investments in subsidiaries
13
-
0
-
0
1,251
1,250
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 1 July 2024
1,250
Additions
1
At 30 June 2025
1,251
Carrying amount
At 30 June 2025
1,251
At 30 June 2024
1,250

On the 17 October 2024 Rega Developments Limited acquired 100% of the share capital of Rega Trustees Limited.

REGA DEVELOPMENTS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 27 -
13
Subsidiaries

Details of the company's subsidiaries at 30 June 2025 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Rega Research Limited
Unit 6 Coopers Way Temple Farm Industrial Estate Southend-on-Sea Essex SS2 5TE
Ordinary
100.00
Rega Trustees Limited
Unit 6 Coopers Way Temple Farm Industrial Estate Southend-on-Sea Essex SS2 5TE
Ordinary
100.00
14
Stocks
Group
Company
2025
2024
2025
2024
£
£
£
£
Raw materials and consumables
9,929,305
9,374,478
-
-
Finished goods and goods for resale
105,333
272,489
-
0
-
0
10,034,638
9,646,967
-
-
15
Debtors
Group
Company
2025
2024
2025
2024
Amounts falling due within one year:
£
£
£
£
Trade debtors
419,268
305,740
-
0
-
0
Corporation tax recoverable
-
0
7,766
-
0
-
0
Other debtors
280,327
267,142
2
2
Prepayments and accrued income
93,783
93,133
-
0
-
0
793,378
673,781
2
2
16
Creditors: amounts falling due within one year
Group
Company
2025
2024
2025
2024
£
£
£
£
Trade creditors
1,173,266
909,470
-
0
-
0
Amounts owed to group undertakings
-
0
-
0
1,601,705
12,000
Corporation tax payable
14,811
-
0
14,257
17,234
Other taxation and social security
97,474
82,279
6,921
4,000
Other creditors
-
0
62
1
-
0
Accruals and deferred income
723,639
550,815
7,350
7,000
2,009,190
1,542,626
1,630,234
40,234
REGA DEVELOPMENTS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 28 -
17
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:

Liabilities
Liabilities
2025
2024
Group
£
£
Accelerated capital allowances
506,326
504,173
Tax losses
-
(109,537)
506,326
394,636
The company has no deferred tax assets or liabilities.
Group
Company
2025
2025
Movements in the year:
£
£
Liability at 1 July 2024
394,636
-
Charge to profit or loss
111,690
-
Liability at 30 June 2025
506,326
-

The deferred tax asset is set out above is expected to reverse within 12 months and relates to the utilisation of tax losses against future expected profits of the same period. T he deferred tax liability relates to accelerated capital allowances that is expected to reverse over the course of the underlying assets useful economic life.

18
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
111,002
89,012

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.

19
Share capital
Group and company
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
1,252
1,252
1,252
1,252
REGA DEVELOPMENTS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 29 -
20
Reserves
Profit and loss reserves

The profit and loss reserves are fully distributable.

Other reserves

Other reserves relate to a non-distributable merger reserve recognised when Rega Developments Limited acquired the shares of Rega Research Limited on the 17 June 2021.

21
Operating lease commitments
Lessee

At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Group
Company
2025
2024
2025
2024
£
£
£
£
Within one year
108,750
108,750
-
-
Between two and five years
375,000
405,000
-
-
In over five years
75,688
154,438
-
-
559,438
668,188
-
-
22
Related party transactions
Remuneration of key management personnel

The remuneration of key management personnel is as follows.

2025
2024
£
£
Aggregate compensation
170,500
145,000
Transactions with related parties

During the year the group paid rents of £19,750 to the pension scheme in which the Director is a beneficiary.

23
Controlling party

At the balance sheet date the company is wholly owned by the Rega Employee Ownership Trust through its corporate trustee, Rega Trustees Limited.

There is therefore no ultimate controlling party, as the shares are held on trust for the beneficiaries and no individual or entity has the ability to exercise control or significant influence over the Group.

REGA DEVELOPMENTS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 30 -
24
Cash generated from group operations
2025
2024
£
£
Profit after taxation
863,182
736,626
Adjustments for:
Taxation charged/(credited)
340,213
(52,616)
Investment income
(288,561)
(366,282)
Loss on disposal of tangible fixed assets
20,777
8,601
Amortisation and impairment of intangible assets
395
395
Depreciation and impairment of tangible fixed assets
571,365
532,155
Movements in working capital:
Increase in stocks
(387,671)
(46,556)
(Increase)/decrease in debtors
(127,363)
80,795
Increase in creditors
451,753
566,112
Cash generated from operations
1,444,090
1,459,230
25
Analysis of changes in net funds - group
1 July 2024
Cash flows
30 June 2025
£
£
£
Cash at bank and in hand
10,117,499
(567,142)
9,550,357
2025-06-30 2024-07-01 false false CCH Software CCH Accounts Production 2025.300 RL K Gandy false 02389423 2024-07-01 2025-06-30 02389423 bus:Director1 2024-07-01 2025-06-30 02389423 bus:RegisteredOffice 2024-07-01 2025-06-30 02389423 2025-06-30 02389423 bus:Consolidated 2024-07-01 2025-06-30 02389423 bus:Consolidated 2023-07-01 2024-06-30 02389423 2023-07-01 2024-06-30 02389423 bus:Consolidated 2025-06-30 02389423 bus:Consolidated 2024-06-30 02389423 core:PatentsTrademarksLicencesConcessionsSimilar bus:Consolidated 2025-06-30 02389423 core:PatentsTrademarksLicencesConcessionsSimilar bus:Consolidated 2024-06-30 02389423 2024-06-30 02389423 core:LandBuildings core:OwnedOrFreeholdAssets bus:Consolidated 2025-06-30 02389423 core:LandBuildings core:LeasedAssetsHeldAsLessee bus:Consolidated 2025-06-30 02389423 core:LeaseholdImprovements bus:Consolidated 2025-06-30 02389423 core:PlantMachinery bus:Consolidated 2025-06-30 02389423 core:FurnitureFittings bus:Consolidated 2025-06-30 02389423 core:ComputerEquipment bus:Consolidated 2025-06-30 02389423 core:MotorVehicles bus:Consolidated 2025-06-30 02389423 core:LandBuildings core:OwnedOrFreeholdAssets bus:Consolidated 2024-06-30 02389423 core:LandBuildings core:LeasedAssetsHeldAsLessee bus:Consolidated 2024-06-30 02389423 core:LeaseholdImprovements bus:Consolidated 2024-06-30 02389423 core:PlantMachinery bus:Consolidated 2024-06-30 02389423 core:FurnitureFittings bus:Consolidated 2024-06-30 02389423 core:ComputerEquipment bus:Consolidated 2024-06-30 02389423 core:MotorVehicles bus:Consolidated 2024-06-30 02389423 core:LandBuildings core:OwnedOrFreeholdAssets 2025-06-30 02389423 core:LandBuildings core:OwnedOrFreeholdAssets 2024-06-30 02389423 core:CurrentFinancialInstruments core:WithinOneYear bus:Consolidated 2025-06-30 02389423 core:CurrentFinancialInstruments bus:Consolidated 2024-06-30 02389423 core:ShareCapital bus:Consolidated 2025-06-30 02389423 core:ShareCapital bus:Consolidated 2024-06-30 02389423 core:OtherMiscellaneousReserve bus:Consolidated 2025-06-30 02389423 core:OtherMiscellaneousReserve bus:Consolidated 2024-06-30 02389423 core:RetainedEarningsAccumulatedLosses bus:Consolidated 2025-06-30 02389423 core:RetainedEarningsAccumulatedLosses bus:Consolidated 2024-06-30 02389423 core:ShareCapital 2025-06-30 02389423 core:ShareCapital 2024-06-30 02389423 core:RetainedEarningsAccumulatedLosses 2025-06-30 02389423 core:RetainedEarningsAccumulatedLosses 2024-06-30 02389423 core:ShareCapital bus:Consolidated 2023-06-30 02389423 2023-06-30 02389423 core:ShareCapital 2023-06-30 02389423 core:RetainedEarningsAccumulatedLosses 2023-06-30 02389423 bus:Consolidated 2023-06-30 02389423 core:IntangibleAssetsOtherThanGoodwill 2024-07-01 2025-06-30 02389423 core:PatentsTrademarksLicencesConcessionsSimilar 2024-07-01 2025-06-30 02389423 core:LandBuildings core:OwnedOrFreeholdAssets 2024-07-01 2025-06-30 02389423 core:LandBuildings core:LongLeaseholdAssets 2024-07-01 2025-06-30 02389423 core:LeaseholdImprovements 2024-07-01 2025-06-30 02389423 core:PlantMachinery 2024-07-01 2025-06-30 02389423 core:FurnitureFittings 2024-07-01 2025-06-30 02389423 core:ComputerEquipment 2024-07-01 2025-06-30 02389423 core:MotorVehicles 2024-07-01 2025-06-30 02389423 core:UKTax bus:Consolidated 2024-07-01 2025-06-30 02389423 core:UKTax bus:Consolidated 2023-07-01 2024-06-30 02389423 bus:Consolidated 1 2024-07-01 2025-06-30 02389423 bus:Consolidated 1 2023-07-01 2024-06-30 02389423 bus:Consolidated 2 2024-07-01 2025-06-30 02389423 bus:Consolidated 2 2023-07-01 2024-06-30 02389423 bus:Consolidated 3 2024-07-01 2025-06-30 02389423 bus:Consolidated 3 2023-07-01 2024-06-30 02389423 bus:Consolidated 4 2024-07-01 2025-06-30 02389423 bus:Consolidated 4 2023-07-01 2024-06-30 02389423 core:PatentsTrademarksLicencesConcessionsSimilar bus:Consolidated 2024-06-30 02389423 core:PatentsTrademarksLicencesConcessionsSimilar bus:Consolidated 2024-07-01 2025-06-30 02389423 core:LandBuildings core:OwnedOrFreeholdAssets bus:Consolidated 2024-06-30 02389423 core:LandBuildings core:LeasedAssetsHeldAsLessee bus:Consolidated 2024-06-30 02389423 core:LeaseholdImprovements bus:Consolidated 2024-06-30 02389423 core:PlantMachinery bus:Consolidated 2024-06-30 02389423 core:FurnitureFittings bus:Consolidated 2024-06-30 02389423 core:ComputerEquipment bus:Consolidated 2024-06-30 02389423 core:MotorVehicles bus:Consolidated 2024-06-30 02389423 bus:Consolidated 2024-06-30 02389423 core:LandBuildings core:OwnedOrFreeholdAssets 2024-06-30 02389423 core:LandBuildings core:OwnedOrFreeholdAssets bus:Consolidated 2024-07-01 2025-06-30 02389423 core:LandBuildings core:LeasedAssetsHeldAsLessee bus:Consolidated 2024-07-01 2025-06-30 02389423 core:LeaseholdImprovements bus:Consolidated 2024-07-01 2025-06-30 02389423 core:PlantMachinery bus:Consolidated 2024-07-01 2025-06-30 02389423 core:FurnitureFittings bus:Consolidated 2024-07-01 2025-06-30 02389423 core:ComputerEquipment bus:Consolidated 2024-07-01 2025-06-30 02389423 core:MotorVehicles bus:Consolidated 2024-07-01 2025-06-30 02389423 core:Subsidiary1 2024-07-01 2025-06-30 02389423 core:Subsidiary2 2024-07-01 2025-06-30 02389423 core:Subsidiary1 1 2024-07-01 2025-06-30 02389423 core:Subsidiary2 2 2024-07-01 2025-06-30 02389423 core:CurrentFinancialInstruments bus:Consolidated 2025-06-30 02389423 core:CurrentFinancialInstruments 2025-06-30 02389423 core:CurrentFinancialInstruments 2024-06-30 02389423 core:CurrentFinancialInstruments bus:Consolidated 1 2025-06-30 02389423 core:CurrentFinancialInstruments bus:Consolidated 1 2024-06-30 02389423 core:CurrentFinancialInstruments 2 2025-06-30 02389423 core:CurrentFinancialInstruments 3 2025-06-30 02389423 core:CurrentFinancialInstruments core:WithinOneYear bus:Consolidated 2024-06-30 02389423 core:CurrentFinancialInstruments core:WithinOneYear 2025-06-30 02389423 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 02389423 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 02389423 bus:FRS102 2024-07-01 2025-06-30 02389423 bus:Audited 2024-07-01 2025-06-30 02389423 bus:ConsolidatedGroupCompanyAccounts 2024-07-01 2025-06-30 02389423 bus:FullAccounts 2024-07-01 2025-06-30 xbrli:pure xbrli:shares iso4217:GBP