REGISTERED NUMBER: 08124228 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE PERIOD 1 JANUARY 2024 TO 28 FEBRUARY 2025

FOR

RIVER MOUNTS JEWELLERY LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

5

Statement of Comprehensive Income

8

Statement of Financial Position

9

Statement of Changes in Equity

10

Statement of Cash Flows

11

Notes to the Statement of Cash Flows

12

Notes to the Financial Statements

13

DIRECTORS:

Mrs X Metalinou

C W Chui

REGISTERED OFFICE:

95 Spencer Street Suite 304,

Jewellery Business Centre,

95 Spencer Street

Birmingham

B18 6DA

REGISTERED NUMBER:

08124228 (England and Wales)

AUDITORS:

MCA Audit Limited

7 St John's Road

Harrow

HA1 2EY

The directors present their strategic report for the period 1 January 2024 to 28 February 2025.

River Mounts Jewellery Limited Directors present the strategic report together with the audited financial statements for the period ended 28th February 2025.

In this report it is provided an overview of the Company's principal activities and performance aimed to communicate River Mounts Jewellery Limited strategy, objectives and measures in place to monitor the performance.

PRINCIPAL ACTIVITIES

The principal activities of the company in the year under review is of manufacture of jewellery and related articles.

REVIEW OF BUSINESS

Turnover for the period was recorded at £20,408,756 which represents a increase of 7.3% pro-rata for 14 months in comparison with the previous year £16,302,587

The Profit for the period was £211,399 (2023: £400,803 loss). Current assets for the period ended 28th February 2025 increased by 7% (£12,731,939) compared to 2023 (£11,455,055). Current liabilities increased by approximately 12% (£10,619,765) compared to 2023 (£9,231,725).

Going forward the Company is looking to continue to expand its client base in its existing areas of operation, increase penetration within existing clients and expand with new services.

PRINCIPAL RISKS AND UNCERTAINTIES

Reputational Risks

One of the most significant risks for the company is potential damage to our reputation, which could adversely affect our market position, trust of our colleagues, customers and other stakeholders. This damage can also impact our overall business performance. Reputational risks may stem from regulatory, operational, or financial events. River Mounts Jewellery Limited has implemented internal procedures, approvals, and checks and balances to mitigate these risks, both before taking on new business and throughout the standard transaction process. All our colleagues are well-experienced and take pride in the work they do, upholding the highest standards of professionalism and integrity.

People Risks

Our workforce is our most valuable asset, essential to the long-term success of our business. To support and motivate our colleagues, our remuneration policy is designed to align compensation with the firm's long-term success. We implement performance-related pay, complemented by measures that ensure fairness and boost motivation among all colleagues.

Operational Risks

Operational risk refers to the risk of loss resulting from inadequate or failed internal processes, colleagues, or systems, or from external causes, whether deliberate, accidental, or natural. This also includes risks from changes in legislation, regulation, or currency.

Regulatory Risks

Regulatory risk is the risk that the company fails to comply with the increasingly complex regulatory environment in which it operates. River Mounts Jewellery Limited has internal approval processes to mitigate risk before taking on new business and as transactions proceed. The company remains informed about regulatory changes and, with the assistance of its legal advisors, promptly updates its procedures to ensure full compliance.

Credit Risks

Credit risk represents the possibility that the company could suffer a loss from a counterparty failing to meet its obligations. This risk is managed through robust client account and vetting procedures, as well as by limiting exposure to concentration risk.

Liquidity Risks

Liquidity risk is the risk that the company is unable to raise sufficient funding to meet its obligations. River Mounts Jewellery Limited maintains a strong balance sheet and surplus cash to protect against the effects of any prolonged market downturn. These risks are closely monitored and controlled through the company's risk framework, day-to-day management, periodic business committee meetings, and quarterly management meetings.

FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES

The directors have identified the financial risk management objectives as minimizing any threats to the continued financial well-being and stability of the company. They seek to achieve this through maintaining a system of internal controls, sourcing products and services at the most competitive prices, and maintaining close relationships with customers.

The directors are responsible for the company's system of internal control and for evaluating its effectiveness. This system is designed to manage, rather than eliminate, the risk of failure to achieve business objectives, providing reasonable, but not absolute, assurance against material misstatement or loss.

There have been no changes to the company's exposure to these financial risks or the manner in which it manages and measures them.

KEY PERFORMANCE INDICATORS

Management closely monitors its financial positions and performance of the Company.

Some key financial performance indicators that reflect Company's profitability, liquidity and leverage are analysed below:

Ratio

2025

2023

Gross Margin (Gross Profit/Revenue)

24.69%

20.45%

Liquidity ratio (Current assets/ Current liabilities)

119.89%

124.08%

Trading ratio (Stock/ Cost of sales)

26.90%

26.45%

Profit before tax (Net (loss)/ profit before tax /Sales)

1.44%

-3.27%

Profit after tax (Net (loss)/ profit after tax /Sales)

1.04%

-2.46%

ON BEHALF OF THE BOARD:

Director

21 April 2026

The directors present their report with the financial statements of the company for the period 1 January 2024 to 28 February 2025.

DIVIDENDS

No interim dividend was paid during the period. The directors recommend a final dividend of £360,000 (2023:£360,000) .

DIRECTORS

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

Mrs X Metalinou

C W Chui

CHARITABLE DONATIONS AND EXPENDITURE

During the period charitable donations of £20 (2023:£141) were made in the current period.

EVENTS SINCE THE END OF THE YEAR

Information relating to the events since the end of the period is given in the notes to the financial statements.

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;

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

ON BEHALF OF THE BOARD:

C W Chui - Director

21 April 2026

Opinion

We have audited the financial statements of River Mounts Jewellery Limited (the 'company') for the period ended 28t February 2025 which comprise the Statement of comprehensive income, Statement of financial position, Statement of changes in equity, Statement of cash flows and Notes to the statement of cash flows, 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).

We do not express an opinion on the accompanying financial statements of the company. Because of the significance of the matter described in the Basis for disclaimer of opinion section of our report, we have not been able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion on these financial statements.

Basis for disclaimer of opinion

We were not appointed as auditors of the Company until after 28th February 2025 and thus did not observe the counting of physical inventories at the beginning of the year. We were not able to obtain sufficient appropriate audit evidence in relation the inventory quantities held and its valuation as at 31 December 2023 which are stated in the statements of financial position. As a result, we were unable to determine whether any adjustment to this amount was necessary or whether there was any consequential effect on the comparative cost of sales recorded in the statement of comprehensive income, balance sheet and the elements making up the statement of changes in equity for the period ended 31 December 2023.

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.

Detection of irregularities, including fraud

An audit is designed 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 an 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. As auditors we design procedures 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:

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

- the nature of the industry and sector, control environment and business performance including the design of the company's remuneration policies, key drivers for directors' remuneration, bonus levels and performance targets;

- results of our enquiries of management about their own identification and assessment of the risks of irregularities;

identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;

- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; and

- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations.

These matters were discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory frameworks that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and local tax legislation.

Because of the significance of the matter described in the Basis for disclaimer of opinion section of our report, we have not been able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion on these financial statements.

Opinions on other matters prescribed by the Companies Act 2006

Because of the significance of the matter described in the Basis for disclaimer of opinion section of our report, we have been unable to form an opinion, whether, based on the work undertaken in the course of the audit:

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

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

Matters on which we are required to report by exception

Notwithstanding our disclaimer of an opinion on the financial statements, in the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, performed subject to the pervasive limitation described above, we have not identified material misstatements in the Strategic Report and Directors' Report

Arising from the limitation of our work referred to above:

- we have not obtained all the information and explanations that we considered necessary for the purpose of our audit.

- 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.

- the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic report or in preparing the Report of the directors.

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, 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 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 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 responsibility is to conduct an audit of the company's financial statements in accordance with International Standards on Auditing (UK) and to issue an auditor's report.

However, because of the matter described in the basis for disclaimer of opinion section of our report, we were not able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion on these financial statements.

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.

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.

Shailesh Patel (Senior Statutory Auditor)

for and on behalf of MCA Audit Limited

7 St John's Road

Harrow

HA1 2EY

21 April 2026

TURNOVER

20,408,756

16,302,587

Cost of sales

15,369,209

12,968,372

GROSS PROFIT

5,039,547

3,334,215

Administrative expenses

4,843,741

3,881,500

195,806

(547,285

)

Other operating income

48,659

-

OPERATING PROFIT/(LOSS)

4

244,465

(547,285

)

Interest receivable and similar income

49,582

15,163

294,047

(532,122

)

Interest payable and similar expenses

6

359

680

PROFIT/(LOSS) BEFORE TAXATION

293,688

(532,802

)

Tax on profit/(loss)

7

62,787

(131,999

)

PROFIT/(LOSS) FOR THE FINANCIAL PERIOD

230,901

(400,803

)

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD

230,901

(400,803

)

FIXED ASSETS

Tangible assets

9

195,502

232,947

CURRENT ASSETS

Stocks

10

4,133,998

3,429,749

Debtors

11

6,824,004

5,757,053

Cash at bank and in hand

1,793,439

2,268,253

12,751,441

11,455,055

CREDITORS

Amounts falling due within one year

12

10,619,765

9,231,725

NET CURRENT ASSETS

2,131,676

2,223,330

TOTAL ASSETS LESS CURRENT LIABILITIES

2,327,178

2,456,277

CAPITAL AND RESERVES

Called up share capital

14

1,000

1,000

Retained earnings

15

2,326,178

2,455,277

SHAREHOLDERS' FUNDS

2,327,178

2,456,277

The financial statements were approved by the Board of Directors and authorised for issue on 21 April 2026 and were signed on its behalf by:

C W Chui - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2023

1,000

3,116,080

3,117,080

Changes in equity

Dividends

-

(260,000

)

(260,000

)

Total comprehensive income

-

(400,803

)

(400,803

)

Balance at 31 December 2023

1,000

2,455,277

2,456,277

Changes in equity

Dividends

-

(360,000

)

(360,000

)

Total comprehensive income

-

230,901

230,901

Balance at 28 February 2025

1,000

2,326,178

2,327,178

Cash flows from operating activities

Cash generated from operations

1

279,578

2,307,740

Interest paid

(359

)

(680

)

Tax paid

(1,150

)

(8,875

)

Net cash from operating activities

278,069

2,298,185

Cash flows from investing activities

Purchase of tangible fixed assets

(19,812

)

(54,002

)

Interest received

49,582

15,163

Net cash from investing activities

29,770

(38,839

)

Cash flows from financing activities

Amount introduced by directors

753,960

449,125

Amount withdrawn by directors

(1,176,613

)

(389,890

)

Equity dividends paid

(360,000

)

(260,000

)

Net cash from financing activities

(782,653

)

(200,765

)

(Decrease)/increase in cash and cash equivalents

(474,814

)

2,058,581

Cash and cash equivalents at beginning of period

2

2,268,253

209,672

Cash and cash equivalents at end of period

2

1,793,439

2,268,253

1.	RECONCILIATION OF PROFIT/(LOSS) BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

Period

1.1.24

to

Year Ended

28.2.25

31.12.23

£

£

Profit/(loss) before taxation

293,688

(532,802

)

Depreciation charges

57,258

47,652

Loss on disposal of fixed assets

-

70,001

Finance costs

359

680

Finance income

(49,582

)

(15,163

)

301,723

(429,632

)

Increase in stocks

(704,249

)

(714,724

)

(Increase)/decrease in trade and other debtors

(827,428

)

1,000,901

Increase in trade and other creditors

1,509,532

2,451,195

Cash generated from operations

279,578

2,307,740

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Period ended 28 February 2025

28.2.25

1.1.24

£

£

Cash and cash equivalents

1,793,439

2,268,253

Year ended 31 December 2023

31.12.23

1.1.23

£

£

Cash and cash equivalents

2,268,253

209,672

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.24

Cash flow

At 28.2.25

£

£

£

Net cash

Cash at bank and in hand

2,268,253

(474,814

)

1,793,439

2,268,253

(474,814

)

1,793,439

Total

2,268,253

(474,814

)

1,793,439

1.	STATUTORY INFORMATION

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts 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 income statement and director's report have not been delivered to the Registrar of Companies in accordance with the special provisions applicable to the companies subject to the small companies regime.

Turnover

Turnoverrepresents the fair value of consideration received or receivable for the sale of goods in the ordinary course of the company’s business, excluding value-added tax (VAT), trade discounts, and rebates. Revenue is recognised when the following conditions are met:

- The company has transferred the significant risks and rewards of ownership of the goods to the buyer;

- The company retains neither continuing management nor effective control over the goods sold;

- The amount of revenue can be measured reliably;

- It is probable that the economic benefits associated with the transaction will flow to the company; and

Forsales of jewellery products, revenue is recognised at the point of dispatch or delivery to the customer, depending on the terms of sale. In the case ofwholesale orders, revenue is recognised when the goods are shipped and the customer is invoiced. Revenue fromretail customised jewelleryis recognised upon sale and delivery of the item. The company does not recognise revenue on consignment sales until the customer confirms acceptance and the risk and rewards of ownership have transferred.

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.

Development costs have been fully amortised in the current year.

Tangible fixed assets

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

Plant and machinery

-

20% reducing balance

Fixtures and fittings

-

20% reducing balance

Computer equipment

-

20% reducing balance

Stocks

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

The company purchases stock on approval with the reservation of title by its suppliers and records such purchases once sales contracts are agreed, which the director considers is a proper reflection of the substances of such purchases transactions. The same basis is applied for recording any sales on approval

made by the company.

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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 statement of financial position 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.

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.

Trade and other receivables

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Trade and other payables

Short-term creditors are measured at transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

Period

1.1.24

to

Year Ended

28.2.25

31.12.23

£

£

Wages and salaries

2,028,435

1,396,779

Social security costs

221,305

134,051

Other pension costs

51,461

36,566

2,301,201

1,567,396

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

Period

1.1.24

to

Year Ended

28.2.25

31.12.23

Directors

2

2

Admin Staff

43

38

45

40

Period

1.1.24

to

Year Ended

28.2.25

31.12.23

£

£

Directors' remuneration

56,000

48,000

4.	OPERATING PROFIT/(LOSS)

The operating profit (2023 - operating loss) is stated after charging/(crediting):

Period

1.1.24

to

Year Ended

28.2.25

31.12.23

£

£

Depreciation - owned assets

57,257

47,654

Loss on disposal of fixed assets

-

70,001

Foreign exchange differences

192,434

(25,290

)

Audits fees (audit and non audit)

27,500

27,456

5.	EXCEPTIONAL ITEMS

Period

1.1.24

to

Year Ended

28.2.25

31.12.23

£

£

Exceptional items

48,659

-

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

Period

1.1.24

to

Year Ended

28.2.25

31.12.23

£

£

Other interest

359

557

Interest on corporation tax

-

123

359

680

7.

TAXATION

Analysis of the tax charge/(credit)

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

Period

1.1.24

to

Year Ended

28.2.25

31.12.23

£

£

Current tax:

CT over/under provision

-

(5,906

)

Deferred tax

62,787

(126,093

)

Tax on profit/(loss)

62,787

(131,999

)

8.

DIVIDENDS

Period

1.1.24

to

Year Ended

28.2.25

31.12.23

£

£

Final

360,000

260,000

9.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

83,751

83,733

373,612

541,096

Additions

-

4,362

15,450

19,812

At 28 February 2025

83,751

88,095

389,062

560,908

DEPRECIATION

At 1 January 2024

39,166

33,929

235,054

308,149

Charge for period

10,403

12,184

34,670

57,257

At 28 February 2025

49,569

46,113

269,724

365,406

NET BOOK VALUE

At 28 February 2025

34,182

41,982

119,338

195,502

At 31 December 2023

44,585

49,804

138,558

232,947

10.

STOCKS

2025

2023

£

£

Stocks

4,133,998

3,429,749

11.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

Trade debtors

4,576,467

3,913,756

Other debtors

1,938,387

1,720,050

Prepayment and accrued income

289,647

123,246

6,804,503

5,757,052

12.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

Trade creditors

2,155,200

2,612,235

Corporation tax payable

1,149

Social security and other taxes

46,520

42,187

Other creditors

8,339,516

6,448,998

Accruals and deferred income

78,529

127,156

10,619,765

9,231,725