REGISTERED NUMBER: 03958095 (England and Wales)

Strategic Report, Director's Report and

Financial Statements for the Year Ended 31 July 2025

for

Ge-Be Transport Limited

Page

Company Information

1

Strategic Report

2

Director's Report

3

Report of the Independent Auditors

5

Statement of Income and Retained Earnings

9

Balance Sheet

10

Notes to the Financial Statements

11

Director:

Mr C R Taylor

Registered office:

Castle Acre Road

Swaffham

Norfolk

PE37 7HY

Registered number:

03958095 (England and Wales)

Senior statutory auditor:

Michael Andrews FCA

Auditors:

Stephenson Smart (East Anglia) Limited

Chartered Accountants & Statutory Auditors

22-26 King Street

King's Lynn

Norfolk

PE30 1HJ

The director presents his strategic report for the year ended 31 July 2025.

Review of business

Overall turnover for the year ended 31 July 2025 was down by 13.71% compared to the previous year. The gross margin has increased to 10.03% (2024 - 9.71%). Together with the other Key Performance Indicators, described in the table below, these figures reflect the challenging trading conditions.

This financial year has been one of major change for the company. Historically, Ge-Be has operated as a national transport business covering the whole of the UK. It has become increasingly evident that this is no longer a financially viable business model. Ge-Be cannot compete on major contracts with the major national players. In addition, trying to operate nationally from one base in Norfolk is sub optimal. The general transport sector has become very commoditised in recent years with many players marginally costing work to keep going, this would not be a sustainable model for Ge-Be.

As a result, Ge-Be's business strategy has changed to become more locally focused in the East Anglian region and centred around the development of our Pallet network business. During the year ended 31 July 2025 the pallet network share of business increased from 31% of sales to 59%. In the year ending 31 July 2026 we expect this to increase up to 70%. We do intend to remain a key partner for selected, profitable general transport customers and to continue to build our warehousing and pick and pack operations.

These changes to the business model are designed to return the business to profitability by the year ended 31 July 2026 and to form the foundations of a sustainable, business for the future.

Principal risks and uncertainties

In common with other businesses in this sector, the most significant risks and uncertainties faced by the company include customer retention and the maintenance of margins and overall profitability. The company's financial risk management objectives and policies are detailed in the Directors' Report.

Key performance indicators

31.7.25

31.7.24

Turnover (£'000s)

10,656

12,348

Gross Profit (£'000s)

1,069

1,199

Gross Profit (%)

10.03

9.71

Net Profit (£'000s)

(703

)

(977

)

Current ratio

0.61

0.86

On behalf of the board:

Mr C R Taylor - Director

19 December 2025

The director presents his 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 freight transport by road.

Dividends

No dividends will be distributed for the year ended 31 July 2025.

Future developments

As part of its long-term growth strategy, the company is transitioning from nationwide haulage operations to a more localised service model. This shift is designed to enhance operational agility, reduce delivery lead times, and strengthen customer relationships within key regional markets. By concentrating resources on local logistics, the company aims to improve service reliability and capitalise on emerging demand for flexible, community-focused transport solutions.

Director

Mr C R Taylor held office during the whole of the period from 1 August 2024 to the date of this report.

Financial instruments

The company uses various financial instruments including overdrafts and cash, and items such as trade debtors and

trade creditors that arise directly from its operations. The main purpose of these financial instruments is to raise

finance for the company's operations. The company does not usually use derivative financial instruments to hedge risk.

The existence of these financial instruments exposes the company to a number of financial risks, which are described in more detail below. The directors review and agree policies for managing each of these risks and they are summarised below. These policies have remained unchanged from previous years.

Credit risk

The company is exposed to credit risk on its' debtors. All customers who wish to trade on credit terms are subject to

credit verification procedures. Trade debtors are reviewed on a regular basis and provision is made for doubtful debts when necessary. Amounts shown in the balance sheet best represent the maximum credit risk exposure in the event other parties fail to perform their obligations under financial instruments.

Liquidity risk

The company manages its cash and borrowing requirements in order to minimise interest expense, whilst ensuring the company has sufficient liquid resources to meet the operating needs of the business, including the requirement to effectively fund capital expenditure. The company have started to use invoice factoring by means of managing liquidity and hire purchase is use to finance capital expenditure where appropriate.

Interest rate risk

The company is exposed to cash flow interest rate risk on hire purchase, loans and overdrafts. Hire purchase contracts are usually fixed rates over the terms of the contracts so the interest rate risk can be managed. The directors keep interest rate risk under regular review.

Statement of director's responsibilities

The director is responsible for preparing the Strategic Report, the Director's 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), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 company and of the profit or loss of the company 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;

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

The director is 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 him to ensure that the financial statements comply with the Companies Act 2006. He is 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 director is 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 he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Auditors

The auditors, Stephenson Smart (East Anglia) Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

On behalf of the board:

Mr C R Taylor - Director

19 December 2025

Opinion

We have audited the financial statements of Ge-Be Transport Limited (the 'company') for the year ended 31 July 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 loss 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 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 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 director is responsible for the other information. The other information comprises the information in the Strategic Report and the Director's Report, 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 Director's Report 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.

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 Director's Report.

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

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

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

-	certain disclosures of director's 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 Statement of Director's Responsibilities set out on page four, 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 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 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 company or to cease operations, or has 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:

Discussions with and enquiries of management and those charged with governance were held with a view to identifying those laws and regulations that could be expected to have a material impact on the financialstatements. During the engagement team briefing, the outcomes of those discussions and enquiries wereshared with the team, as well as consideration as to where and how fraud may occur in the entity.

The following laws and regulations were identified as being of significance to the entity:

a) Those laws and regulations considered to have a direct effect on the financial statements include UK Financial Reporting Standards, Company Law, tax and pensions legislation, and distributable profits legislation.

b) Those laws and regulations for which non-compliance may be fundamental to the operating aspects of the business and therefore may have a material effect on the financial statements include health and safety legislation, and road transport legislation and regulations dealing with motor vehicles condition and safety, the licencing of hauliers, and Working Time practices.

Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and non-compliance with laws and regulations) comprised of: inquires of management and those charged with governance as to whether the entity complies with such laws and regulations; enquires with the same concerning any actual or potential litigation or claims; inspection of relevant legal correspondence; review of board minutes; testing appropriateness of journal entries; and the performance of analytical review to identify unexpected movements in account balances which may be indicative of fraud.

No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity's controls; and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK).

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.

Michael Andrews FCA (Senior Statutory Auditor)

for and on behalf of Stephenson Smart (East Anglia) Limited

Chartered Accountants & Statutory Auditors

22-26 King Street

King's Lynn

Norfolk

PE30 1HJ

19 December 2025

Turnover

4

10,655,769

12,348,711

Cost of sales

(9,586,997

)

(11,149,289

)

Gross profit

1,068,772

1,199,422

Administrative expenses

(1,684,578

)

(2,080,853

)

Operating loss

6

(615,806

)

(881,431

)

Interest payable and similar expenses

7

(86,976

)

(95,965

)

Loss before taxation

(702,782

)

(977,396

)

Tax on loss

8

158,679

198,591

Loss for the financial year

(544,103

)

(778,805

)

Retained earnings at beginning of year

911,301

1,690,106

Retained earnings at end of year

367,198

911,301

Fixed assets

Intangible assets

9

7,393

10,185

Tangible assets

10

1,955,208

2,535,935

1,962,601

2,546,120

Current assets

Stocks

11

21,070

12,279

Debtors

12

1,534,618

2,991,874

Cash at bank

75,863

50,220

1,631,551

3,054,373

Creditors

Amounts falling due within one year

13

(2,672,799

)

(3,540,055

)

Net current liabilities

(1,041,248

)

(485,682

)

Total assets less current liabilities

921,353

2,060,438

Creditors

Amounts falling due after more than one year

14

(519,692

)

(955,995

)

Provisions for liabilities

18

(34,343

)

(193,022

)

Net assets

367,318

911,421

Capital and reserves

Called up share capital

19

120

120

Retained earnings

20

367,198

911,301

Shareholders' funds

367,318

911,421

The financial statements were approved by the director and authorised for issue on 19 December 2025 and were signed by:

Mr C R Taylor - Director

1.	Statutory information

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

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

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

These individual financial statements have been prepared on a going concern basis, under the historical cost basis. All accounting policies have been applied consistently.

The financial statements are prepared in sterling, which is the functional currency of the entity. Figures are

rounded to the nearest whole pound sterling. All the activities of the company are from continuing operations.

Going concern

The directors have noted that the current liabilities exceed the current assets and have assessed the performance of the company and deem it to be a going concern; the financial statements have therefore been prepared on this basis. The directors confirm that they will provide any required financial support to ensure that the company will continue in operational existence for the foreseeable future. In making this assessment the directors have considered a period in excess of one year from the date of approval of the financial statements.

In order to make this assessment the directors have prepared a letter of comfort, and trading forecasts, including reviewing reasonably possible negative scenarios, and assessed the liquidity of the business under these scenarios. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Financial Reporting Standard 102 - reduced disclosure exemptions

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

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirement of paragraph 3.17(d);

•

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

•

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

•

the requirement of paragraph 33.7.

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are

consolidated into the financial statements of IFD Group Limited which can be obtained from 22-26 King Street, King's Lynn, Norfolk, PE30 1HJ.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

(i) Useful economic lives of tangible

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancements, future investments, economic utilisation and the physical condition of the assets. See note 11 for the carrying amount of tangible assets and note 3 for the useful economic lives for each class of assets.

(ii) Taxation

The company establishes provisions based on reasonable estimates, for possible consequences of audits by the tax authorities. The amount of such provisions is based on various factors, such as experience with previous tax audits and differing interpretations of tax regulations by the taxable entity and the responsible tax authority. See note 8 for the disclosures related to deferred tax.

Turnover

The turnover shown in the profit and loss account represents amounts invoiced and accrued during the year, exclusive of Value Added Tax.

The company's contracts are for the provision of transport services. Turnover from contracts is recognised as the performance obligations under these contracts is satisfied, being upon the delivery of the goods transported.

Goodwill

Goodwill being the amount paid in connection with the acquisition of a business in 2003, was being amortised evenly over its estimated useful life of 20 years.

The company has taken advantage of the transitional provisions included in FRS 102 not to apply 'Business Combinations and Goodwill' retrospectively, to any 'Business Combinations' that occurred prior to 1 February 2015. As a result of the requirements of FRS 102, the company has amended its accounting policy to amortise the goodwill over 8 years from the date of transition.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Improvements to property

-

2% on cost

Plant and machinery

-

25% p.a. reducing balance

Motor vehicles

-

15% on cost with a 10% residual value and 10% on cost with a 10% residual value

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items. Net realisable value is calculated at the lower of cost or selling price less cost to complete.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. 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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation

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

Current or deferred taxation assets and liabilities are not discounted.

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

Deferred tax

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

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

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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.

4.

Turnover

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

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

31.7.25

31.7.24

£

£

Pallet network

6,262,872

3,945,500

General haulage

4,392,897

8,403,211

10,655,769

12,348,711

An analysis of turnover by geographical market is given below:

31.7.25

31.7.24

£

£

United Kingdom

10,655,769

12,348,711

10,655,769

12,348,711

5.	Employees and directors

31.7.25

31.7.24

£

£

Wages and salaries

3,905,893

4,508,288

Social security costs

351,926

380,658

Other pension costs

69,214

71,709

4,327,033

4,960,655

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

31.7.25

31.7.24

Drivers and warehouse staff

68

78

Management and administrative staff

18

21

86

99

31.7.25

31.7.24

£

£

Directors' remuneration

-

108,846

6.	Operating loss

The operating loss is stated after charging:

31.7.25

31.7.24

£

£

Other operating leases

72,969

101,419

Depreciation - owned assets

398,237

459,665

Loss on disposal of fixed assets

84,402

180,252

Computer software amortisation

2,792

2,792

Auditors' remuneration

12,200

12,200

7.

Interest payable and similar expenses

31.7.25

31.7.24

£

£

HMRC interest

17,247

2,467

Hire purchase

69,729

93,498

86,976

95,965

8.

Taxation

Analysis of the tax credit

The tax credit on the loss for the year was as follows:

31.7.25

31.7.24

£

£

Deferred tax

(158,679

)

(198,591

)

Tax on loss

(158,679

)

(198,591

)

Reconciliation of total tax credit 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:

31.7.25

31.7.24

£

£

Loss before tax

(702,782

)

(977,396

)

Loss multiplied by the standard rate of corporation tax in the UK of 19% (2024 - 19%)

(133,529

)

(185,705

)

Effects of:

Expenses not deductible for tax purposes

(1,295

)

826

Depreciation in excess of capital allowances

14,227

31,967

Effect of differing rates of taxation

(38,082

)

(47,662

)

Other

-

1,983

Total tax credit

(158,679

)

(198,591

)

9.	Intangible fixed assets

Computer

Goodwill

software

Totals

£

£

£

Cost

At 1 August 2024

and 31 July 2025

226,600

28,284

254,884

Amortisation

At 1 August 2024

226,600

18,099

244,699

Amortisation for year

-

2,792

2,792

At 31 July 2025

226,600

20,891

247,491

Net book value

At 31 July 2025

-

7,393

7,393

At 31 July 2024

-

10,185

10,185

10.	Tangible fixed assets

Improvements

Plant and

Motor

to property

machinery

vehicles

Totals

£

£

£

£

Cost

At 1 August 2024

219,838

419,876

4,940,309

5,580,023

Additions

-

5,460

-

5,460

Disposals

(84,201

)

-

(803,516

)

(887,717

)

At 31 July 2025

135,637

425,336

4,136,793

4,697,766

Depreciation

At 1 August 2024

10,087

311,982

2,722,019

3,044,088

Charge for year

4,397

34,980

358,860

398,237

Eliminated on disposal

(5,569

)

-

(694,198

)

(699,767

)

At 31 July 2025

8,915

346,962

2,386,681

2,742,558

Net book value

At 31 July 2025

126,722

78,374

1,750,112

1,955,208

At 31 July 2024

209,751

107,894

2,218,290

2,535,935

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are assets valued at £1,421,838 (2024 - £1,861,111) which relates to assets held under finance leases or hire purchase agreements.

The deprecation charge for the year regarding tangible assets held under finance leases or hire purchase agreements totalled £273,902 (2024 - £292,374).

The company has gross repayments due in less than one year of £482,320 (2024 - £600,709) and £540,653 (2024 - £1,022,973) due in more than one year.

11.

Stocks

31.7.25

31.7.24

£

£

Stocks

21,070

12,279

12.

Debtors: amounts falling due within one year

31.7.25

31.7.24

£

£

Trade debtors

1,152,877

1,747,984

Amounts owed by group undertakings

-

659,504

Prepayments

381,741

584,386

1,534,618

2,991,874

Amounts owed by group undertakings are unsecured, interest free, have no fixed date of repayments and are repayable on demand.

13.

Creditors: amounts falling due within one year

31.7.25

31.7.24

£

£

Hire purchase contracts (see note 15)

436,253

518,550

Trade creditors

822,720

1,292,569

Amounts owed to group undertakings

50,295

-

Social security and other taxes

171,024

85,790

VAT

272,605

354,426

Other creditors

13,891

23,282

Invoice factoring

810,843

1,120,790

Accrued expenses

95,168

144,648

2,672,799

3,540,055

14.

Creditors: amounts falling due after more than one year

31.7.25

31.7.24

£

£

Hire purchase contracts (see note 15)

519,692

955,995