REGISTERED NUMBER: 02728626 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 31 July 2025

for

CreateCity Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

5

Report of the Independent Auditors

7

Statement of Comprehensive Income

11

Balance Sheet

12

Statement of Changes in Equity

13

Notes to the Financial Statements

14

DIRECTORS:

J J Maguire

A V Maguire

REGISTERED OFFICE:

The Future Business Park

Darlington Road

SHILDON

County Durham

DL4 2RB

REGISTERED NUMBER:

02728626 (England and Wales)

SENIOR STATUTORY AUDITOR:

Kevin Shotton BA BFP FCA

AUDITORS:

Clive Owen LLP

Chartered Accountants

& Statutory Auditors

140 Coniscliffe Road

Darlington

County Durham

DL3 7RT

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

REVIEW OF BUSINESS

The results for the year and financial position of the company are as shown in the annexed financial statements.

Key Performance Indicators

The key performance indicators of the company are; turnover, gross profit margin, profit before tax and revaluations and shareholders funds.

The directors are pleased to report stronger trade in the year, this resulted in an increase in turnover in the year. 2024/25 was a more challenging year as a result of some unexpected exceptional costs, such as providing rebate support to a related company, making allowances for aggressively defending HMRC's widespread and well published attack on the flooring industry over fitting fees and negative Forex trades.

This has had an impact on both gross profit and profit before tax. The environment in which the company operates is expected to remain extremely competitive throughout 2025/26, with some uncertainty over exchange rates and the general UK economy.

The management of the business and the execution of the company's strategy are subject to a number of risks. The key business risk and uncertainty affecting the company are considered to be the general economic climate. The company mitigates the risk by using a proactive approach to all business activities. The company has a strong balance sheet and is supported by the availability of finance through other associated entities. The business is also exposed to foreign currency risk due to the use of overseas suppliers, this risk is mitigated by the use of forward currency contacts to give certainty over rates for committed purchases.

SECTION 172(1) STATEMENT

Section 172 of the Companies Act 2006 requires the directors of a company to act in a way they consider to be in good faith and would be most likely to promote the success of the company for the benefit of all of its members as a whole both in the current period and in the long term.

In discharging their duties above, the directors carefully consider, amongst other matters, the impact of their decisions on various stakeholder groups. The groups we consider in this regard are our employees, our customers, our suppliers and our shareholders as well as the wider community in which we operate. The directors recognise that building strong relationships with our stakeholders will help us to deliver our long-term strategy in line with our core values and operate the business in a sustainable way. We are committed to conducting business responsibly.

Employees

Directors receive information on various staff metrics. The directors are committed to promoting a healthy workforce comprising both physical and mental wellbeing. The directors keep staff informed of key issues through structured communication channels, ensure equal opportunities in the workplace and also provide training and development opportunities where they are considered of benefit to the Company and employees. Using the Company's recruitment and development strategies, the directors seek to attract and retain talented staff.

Customers

The directors and senior management commit considerable time, effort and resources into understanding and responding to the needs of our customers. We act to service our customers' needs to the highest standards and ensure appropriate processes are in place to mitigate and manage any disputes that may arise from time to time.

Suppliers

The directors have established Company procedures to ensure that external suppliers are individually verified to ensure they meet with the health and safety, regulatory and financial security standards required by the Company. The Company seeks to pay all suppliers any undisputed amounts due and that conform with the Company's billing requirements within agreed terms. The Company has established procedures for dispute resolution in a timely and fair manner.

Community and the environment

The Company takes its role within the sector very seriously and promotes and encourages community and charitable contribution. The Company also recognises the importance of its environmental responsibilities, its impact on the local environment and its compliance with any regulatory environmental standards. The Company seeks to implement policies aimed at reducing any potential detrimental environmental impact of its activities.

Shareholders

The directors endeavour to create value for our ultimate shareholders by ensuring the Company's performance remains strong as well as sustainable. The directors adhere to the Company's long term strategic plan when making operational decisions.

ON BEHALF OF THE BOARD:

J J Maguire - Director

24 March 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 floor covering specialists.

DIVIDENDS

The total distribution of dividends for the year ended 31 July 2025 was £1,709,971 (2024: 152,900).

DIRECTORS

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

J J Maguire

A V Maguire

DONATIONS

In the year there were donations of £35,736 (2024: £37,060) none of which were payable to political parties or causes.

STREAMLINED ENERGY AND CARBON REPORTING

Description

Emissions Source

2024-25

2023-24

Fuel

Kg CO2e

Business Travel, Electricity, Gas

306,996

366,252

Intensity Ratio

kgCO2e / £'000 Turnover

6.63

9.12

Energy Usage

Total kWh consumed

Electricity, Natural Gas, Petrol, Diesel, Unknown vehicle fuel

1,527,655

1,645,589

STATEMENT OF DIRECTORS' RESPONSIBILITIES

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

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

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

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

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

AUDITORS

The auditors, Clive Owen LLP, are deemed to be reappointed under section 487(2) of the Companies Act 2006.

ON BEHALF OF THE BOARD:

J J Maguire - Director

24 March 2026

Opinion

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

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 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 Report of the Auditors thereon.

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Matters on which we are required to report by exception

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

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

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

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

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

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

Responsibilities of directors

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

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

Auditors' responsibilities for the audit of the financial statements

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

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

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, to detect material misstatements in respect of irregularities, including fraud. Our audit must be alert to the risk of manipulation of the financial statements and seek to understand the incentives and opportunities for management to achieve this.

The procedures we have undertaken to identify any such instances of fraud or irregularities include:

- Understanding the key legal and regulatory frameworks that are applicable to the Company. We have reviewed accounting records for indications of non-compliance and held discussions with the client on the subject. We determined the most significant laws and regulations relating to the company to be those concerning Employment law, Company law, Tax law, GDPR, Health & Safety and Packaging regulations.

- Enquiry of directors and management as to policies and procedures in place to ensure compliance.

- Enquiry of directors and management as to areas of the financial statements susceptible to fraud and how theses risks are monitored and managed. It was noted that manipulation of financial records would require collusion due to segregation of duties. Due to the nature of the business, physical assets are at low risk of misappropriation.

- Challenging management on key estimates, assumptions and judgements made in the preparation of the financial statements. Key estimates concerning the company are disclosed in the accounting policies.

- Review of journals to identify any unusual entries outside the normal course of business.

Through these procedures, we did not become aware of actual or suspected non-compliance.

We planned and performed our audit in accordance with auditing standards but owing to the inherent limitations of procedures required in these areas, there is an unavoidable risk that we may not have detected a material misstatement in the accounts. The further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve concealment, collusion, forgery, misrepresentations, or override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

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

Use of our report

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

Kevin Shotton BA BFP FCA (Senior Statutory Auditor)

for and on behalf of Clive Owen LLP

Chartered Accountants

& Statutory Auditors

140 Coniscliffe Road

Darlington

County Durham

DL3 7RT

25 March 2026

TURNOVER

46,284,049

40,144,646

Cost of sales

(40,039,797

)

(33,326,013

)

GROSS PROFIT

6,244,252

6,818,633

Administrative expenses

(9,026,857

)

(8,293,966

)

(2,782,605

)

(1,475,333

)

Other operating income

3,252,859

2,600,389

OPERATING PROFIT

4

470,254

1,125,056

Exceptional items

5

(558,124

)

(1,128,814

)

(87,870

)

(3,758

)

Interest receivable and similar income

304,230

314,032

216,360

310,274

Gain/loss on revaluation of investments

1,000,000

2,500,000

1,216,360

2,810,274

Interest payable and similar expenses

6

(228,735

)

(279,416

)

PROFIT BEFORE TAXATION

987,625

2,530,858

Tax on profit

7

3,988

(11,856

)

PROFIT FOR THE FINANCIAL YEAR

991,613

2,519,002

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

991,613

2,519,002

FIXED ASSETS

Tangible assets

9

856,778

1,045,838

Investments

10

6,922,310

5,922,310

Investment property

11

405,011

405,011

8,184,099

7,373,159

CURRENT ASSETS

Stocks

12

11,031,083

7,988,738

Debtors: amounts falling due within one year

13

5,793,488

11,239,203

Debtors: amounts falling due after more than one year

13

11,058,202

9,500,000

Cash at bank and in hand

2,824,043

1,769,999

30,706,816

30,497,940

CREDITORS

Amounts falling due within one year

14

(13,334,049

)

(11,491,360

)

NET CURRENT ASSETS

17,372,767

19,006,580

TOTAL ASSETS LESS CURRENT LIABILITIES

25,556,866

26,379,739

CREDITORS

Amounts falling due after more than one year

15

(4,211,378

)

(4,244,850

)

PROVISIONS FOR LIABILITIES

19

(148,217

)

(219,260

)

NET ASSETS

21,197,271

21,915,629

CAPITAL AND RESERVES

Called up share capital

20

1,000

1,000

Fair value reserve

21

5,515,990

4,515,990

Retained earnings

21

15,680,281

17,398,639

SHAREHOLDERS' FUNDS

21,197,271

21,915,629

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2026 and were signed on its behalf by:

J J Maguire - Director

Called up

Fair

share

Retained

value

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 August 2023

1,000

17,532,537

2,015,990

19,549,527

Changes in equity

Dividends

-

(152,900

)

-

(152,900

)

Total comprehensive income

-

2,519,002

-

2,519,002

Revaluation of investments

-

(2,500,000

)

2,500,000

-

Balance at 31 July 2024

1,000

17,398,639

4,515,990

21,915,629

Changes in equity

Dividends

-

(1,709,971

)

-

(1,709,971

)

Total comprehensive income

-

991,613

-

991,613

Revaluation of investments

-

(1,000,000

)

1,000,000

-

Balance at 31 July 2025

1,000

15,680,281

5,515,990

21,197,271

1.	STATUTORY INFORMATION

CreateCity 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

Company information

Basis of preparing the financial statements.

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

There were no material departures from that standard.

The principle accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows.

Related party exemption

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

Significant judgements and estimates

Preparation of the financial statements required management to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made include:

Stock provisions - management applies procedures to identify rebate and pricing provisions. The value of stock is reduced by the difference between cost value entered on the stock system and estimated net realisable value of the stock in the form of a stock provision. Given the forward looking nature of this provision there is a level of judgement, although this is mitigated by management experience in the industry.

Foreign exchange - the company is exposed to currency exchange rate risk due to a significant proportion of its operating expenses being denominated in non-Sterling currencies. As such the company enters into forward contract hedging. These are required to be held at fair value at the year end, which includes an element of estimation in the valuation.

Recoverability of related balances - provisions are made against the company's related balances based on historic experience of recoverability and financial performance of the entities. The estimates made could differ to the amount subsequently recovered from these debtors which impacts on operating results.

Fixed asset investments - Fixed asset investments are recognised at fair value, the valuation of a trading business involves a number of judgements to be taken, however where possible management have used known third party transaction information in arriving at their valuation.

Provisions - management assess probable future outflows of the company in relation to circumstances that have occurred or are ongoing at the year end and include provisions where required to cover expected future costs.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Sales of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Tangible fixed assets

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

Plant and machinery

-

20% on cost and 10% on cost

Fixtures and fittings

-

20% - 33% on cost

Motor vehicles

-

33% on cost, 25% on cost and 16.67% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for discontinued and slow moving items.

Financial instruments

Basic financial instruments are recognised at amortised cost with charges recognised in profit and loss.

Forward contracts are recognised at fair value with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals under operating leases are charged in the profit and loss account on a straight line basis over the lease term. Lease incentives are 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.

Investments

Fixed asset investments are recognised at fair value, taking into consideration the value of recent investments from other third parties. Gains are recognised in the Profit and Loss Account.

3.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

2,910,507

2,829,354

Social security costs

296,011

260,420

Other pension costs

722,045

400,687

3,928,563

3,490,461

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

2025

2024

Retailing and warehouse

865

88

Administration

12

12

877

100

2025

2024

£

£

Directors' remuneration

23,257

23,257

Directors' pension contributions to money purchase schemes

240,000

100,000

4.	OPERATING PROFIT

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

2025

2024

£

£

Depreciation - owned assets

232,666

267,453

Depreciation - assets on hire purchase contracts

229,709

242,165

Profit on disposal of fixed assets

(21,144

)

(10,936

)

Audit fee

19,000

15,504

Foreign exchange differences

760,015

162,707

Operating leases - land and buildings

1,296,622

1,330,360

Operating leases - other

24,726

21,466

5.	EXCEPTIONAL ITEMS

2025

2024

£

£

Exceptional items

(558,124

)

(1,128,814

)

Exceptional items in the current and prior years relate to a provision for VAT due on fitting fees

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Loan interest

228,735

279,416

7.

TAXATION

Analysis of the tax (credit)/charge

The tax (credit)/charge on the profit for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

67,055

93,533

Deferred tax

(71,043

)

(81,677

)

Tax on profit

(3,988

)

11,856

Reconciliation of total tax (credit)/charge included in profit and loss

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

2025

2024

£

£

Profit before tax

987,625

2,530,858

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

246,906

632,715

Effects of:

Expenses not deductible for tax purposes

230

4,141

Income not taxable for tax purposes

(250,000

)

(625,000

)

Capital allowances in excess of depreciation

(1,124

)

-

deferred tax rate

assets

Total tax (credit)/charge

(3,988

)

11,856

8.

DIVIDENDS

2025

2024

£

£

Ordinary shares of £1 each

Interim

1,709,971

62,000

Ordianry shares of £1 each

Interim

-

90,900

1,709,971

152,900

9.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 August 2024

2,796,707

1,069,733

647,333

4,513,773

Additions

-

12,250

303,588

315,838

Disposals

-

-

(237,226

)

(237,226

)

At 31 July 2025

2,796,707

1,081,983

713,695

4,592,385

DEPRECIATION

At 1 August 2024

2,033,258

922,241

512,436

3,467,935

Charge for year

304,894

65,500

91,981

462,375

Eliminated on disposal

-

-

(194,703

)

(194,703

)

At 31 July 2025

2,338,152

987,741

409,714

3,735,607

NET BOOK VALUE

At 31 July 2025

458,555

94,242

303,981

856,778

At 31 July 2024

763,449

147,492

134,897

1,045,838

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 August 2024

813,000

477,390

1,290,390

Additions

-

303,588

303,588

Disposals

-

(159,130

)

(159,130

)

At 31 July 2025

813,000

621,848

1,434,848

DEPRECIATION

At 1 August 2024

542,000

425,074

967,074

Charge for year

162,600

67,109

229,709

Eliminated on disposal

-

(152,155

)

(152,155

)

At 31 July 2025

704,600

340,028

1,044,628

NET BOOK VALUE

At 31 July 2025

108,400

281,820

390,220

At 31 July 2024

271,000

52,316

323,316