REGISTERED NUMBER: 07585952 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 31 July 2025

for

UK Docks Marine Services Teesside

Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Statement of Income and Retained Earnings

10

Statement of Financial Position

11

Statement of Cash Flows

12

Notes to the Statement of Cash Flows

13

Notes to the Financial Statements

14

DIRECTORS:

H Wilson

G Wilson

J Wilson

C Wilson

S W Syvret

J G Armstrong

REGISTERED OFFICE:

River Drive

South Shields

Tyne & Wear

NE33 1LH

REGISTERED NUMBER:

07585952 (England and Wales)

AUDITORS:

TTR Barnes Limited

Chartered Accountants and Statutory Auditors

3-5 Grange Terrace

Stockton Road

Sunderland

Tyne & Wear

SR2 7DG

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

REVIEW OF BUSINESS

The company activity is that of marine engineering, ship repair and maintenance.

The directors feel at present, the market for the industry is positive and trading conditions have remained strong, which is helping to grow the secured order pipeline of the business.

A key performance indicator used by the director's is turnover achieved and gross profit percentage generated. Results for the year under review indicate that turnover has increased and profitability has increased, both being in line with company objectives.

Key financial results are as follow :

2025

2024

2023

2022

2021

£

£

£

£

£

Sales

13,551,056

11,629,486

12,585,633

10,116,825

13,862,114

Cost of Sales

9,594,169

8,478,962

9,755,595

8,054,077

10,889,962

Gross profit %

29.02%

27.09%

22.49%

20.39%

21.44%

The company has seen margins improve as a result of increased utilisation in the facilities.

On the 13 of March 2025, the company invested in expanding its operational capacity, with the commitment of a new 40 year lease at a site adjoining its existing facilities on Teesport Commerce park. With the addition of the new site adding a further two dry docks broadly doubling the operational capacity of the business, the Directors feel the business is well placed for continued growth. The company plans to make a further significant investment in the new site, in order to maximise all opportunities.

The Directors are satisfied with results of the year, but recognise the business operates in a very competitive market place, as we look to take advantage of the increased level of facilities available.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors are of the opinion that the principal risk for the company is that of economic risk and the general difficult trading conditions that exist in some of the companies markets.

At present, the directors feel that the general business environment is relatively stable and that good trading relations exist with both suppliers and customers.

The directors continually review the risks and uncertainties and are proactive to reduce these.

The company's operations may expose it to a variety of financial risks that include the effects of changes in prices, credit risk, liquidity risk, currency movements and interest rate risk. The company seeks to limit the adverse effect of the financial performance of the company as follows:

Price Risk

The directors monitor movements in market prices on a regular basis. The company's exposure to equity securities price risk is also closely monitored and the investments are actively managed to avoid any significant risk of losses.

Credit Risk

The company is mostly credit based and therefore risk is considered high. Extensive credit and background checks are required before and after contracts are entered into.

Liquidity Risk

The company has good cash reserves and actively maintains sufficient liquid working capital balances to fund operations, therefore, is no subject to significant liquidity risk.

Currency Movements

The company carries out minimal transactions in currencies other than GBP. Directors monitor currency movements and trends to seek to minimise risks from such,

Interest Rate Risk

The company does not have any borrowings or any other interest bearing liabilities. Cash balances earn interest at variable rates, the directors consider the risk from interest rates is minimal.

FUTURE DEVELOPMENTS

The directors anticipate the business environment will remain competitive. They believe the company is in a good financial position and that the risks identified have been mitigated. The directors are confident in the company's ability to maintain and build on the current market position.

ON BEHALF OF THE BOARD:

J G Armstrong - Director

12 February 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 marine engineers.

DIVIDENDS

An interim dividend of £9259.2592 per share was paid on the A Ordinary £1 shares on 31 July 2025. No dividends were paid on any other classes of shares.

The total distribution of dividends for the year ended 31 July 2025 will be £ 500,000 .

DIRECTORS

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

H Wilson

G Wilson

J Wilson

C Wilson

S W Syvret

Other changes in directors holding office are as follows:

J G Armstrong - appointed 10 April 2025

DISCLOSURE IN THE STRATEGIC REPORT

The principal risks and uncertainties of the company with a business review are disclosed within the strategic report of the company on pages 2-3 of the accounts.

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

ON BEHALF OF THE BOARD:

J G Armstrong - Director

12 February 2026

Opinion

We have audited the financial statements of UK Docks Marine Services Teesside Limited (the 'company') for the year ended 31 July 2025 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position, 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).

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 four, 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:

- the engagement partner ensured that the engagement team collectively had the appropriate competence,

capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

- we identified the laws and regulations applicable to the company through discussions with directors and other

management, and from our commercial knowledge and experience of the sector;

- we focused on specific laws and regulations which we considered may have a direct material effect on the

financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and

data protection, anti-bribery, employment, environmental including various ISO regulations and health and safety legislation;

- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of

management and inspecting legal correspondence;

- and identified laws and regulations were communicated within the audit team regularly and the team remained

alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of

actual, suspected and alleged fraud; and

- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

- performed analytical procedures to identify any unusual or unexpected relationships;

- tested journal entries to identify unusual transactions;

- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of

potential bias; and

- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation;

- reading the minutes of meetings of those charged with governance;

- enquiring of management as to actual and potential litigation and claims; and

- reviewing correspondence with HMRC, relevant regulators including the Health and Safety Executive, and the

company's legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

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.

David J Cook FCCA (Senior Statutory Auditor)

for and on behalf of TTR Barnes Limited

Chartered Accountants and Statutory Auditors

3-5 Grange Terrace

Stockton Road

Sunderland

Tyne & Wear

SR2 7DG

13 February 2026

TURNOVER

3

13,551,056

11,629,485

Cost of sales

9,594,169

8,478,962

GROSS PROFIT

3,956,887

3,150,523

Administrative expenses

1,656,782

1,945,547

2,300,105

1,204,976

Other operating income

49,996

11,097

OPERATING PROFIT

6

2,350,101

1,216,073

Interest receivable and similar income

12,038

-

PROFIT BEFORE TAXATION

2,362,139

1,216,073

Tax on profit

7

284,814

309,188

PROFIT FOR THE FINANCIAL YEAR

2,077,325

906,885

Retained earnings at beginning of year

1,498,446

1,312,547

Dividends

8

(500,000

)

(720,986

)

RETAINED EARNINGS AT END OF YEAR

3,075,771

1,498,446

FIXED ASSETS

Tangible assets

9

1,565,966

970,349

CURRENT ASSETS

Debtors

10

4,876,863

2,240,625

Cash at bank and in hand

1,583,054

2,394,888

6,459,917

4,635,513

CREDITORS

Amounts falling due within one year

11

4,908,267

4,089,183

NET CURRENT ASSETS

1,551,650

546,330

TOTAL ASSETS LESS CURRENT LIABILITIES

3,117,616

1,516,679

PROVISIONS FOR LIABILITIES

14

41,745

18,133

NET ASSETS

3,075,871

1,498,546

CAPITAL AND RESERVES

Called up share capital

15

100

100

Retained earnings

3,075,771

1,498,446

SHAREHOLDERS' FUNDS

3,075,871

1,498,546

The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2026 and were signed on its behalf by:

G Wilson - Director

Cash flows from operating activities

Cash generated from operations

1

543,923

2,721,301

Tax paid

(239,933

)

(313,541

)

Net cash from operating activities

303,990

2,407,760

Cash flows from investing activities

Purchase of tangible fixed assets

(627,861

)

(66,962

)

Interest received

12,038

-

Net cash from investing activities

(615,823

)

(66,962

)

Cash flows from financing activities

Rounding

(1

)

-

Amount introduced by directors

-

8,158

Amount withdrawn by directors

-

(8,158

)

Equity dividends paid

(500,000

)

(720,986

)

Net cash from financing activities

(500,001

)

(720,986

)

(Decrease)/increase in cash and cash equivalents

(811,834

)

1,619,812

Cash and cash equivalents at beginning of year

2

2,394,888

775,076

Cash and cash equivalents at end of year

2

1,583,054

2,394,888

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

2025

2024

£

£

Profit before taxation

2,362,139

1,216,073

Depreciation charges

32,244

13,011

Finance income

(12,038

)

-

2,382,345

1,229,084

(Increase)/decrease in stocks

(3,520,722

)

1,574,778

Decrease/(increase) in trade and other debtors

884,483

(39,257

)

Increase/(decrease) in trade and other creditors

797,817

(43,304

)

Cash generated from operations

543,923

2,721,301

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:

Year ended 31 July 2025

31/7/25

1/8/24

£

£

Cash and cash equivalents

1,583,054

2,394,888

Year ended 31 July 2024

31/7/24

1/8/23

£

£

Cash and cash equivalents

2,394,888

775,076

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1/8/24

Cash flow

At 31/7/25

£

£

£

Net cash

Cash at bank and in hand

2,394,888

(811,834

)

1,583,054

2,394,888

(811,834

)

1,583,054

Total

2,394,888

(811,834

)

1,583,054

1.	STATUTORY INFORMATION

UK Docks Marine Services Teesside 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 have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider to be appropriate.

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

The preparation of the financial statements require the use of estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. Although these estimates and associated assumptions are based on historical experience and management knowledge, the actual results may differ from these estimates. The key estimates and assumptions to the company are considered to be:

Amounts recoverable on contract

Amounts recoverable are for works completed or in the latter stages of production, not yet billed. The accounting judgement is that these monies should be recognised as income now as the work has been completed and the monies are expected.

Depreciation

Depreciation is charged to reduce the carrying value of tangible fixed assets to their recoverable value. An estimate has been made for the useful lives of assets and their associated residual values.

Accruals

Inline with the framework income and expenses should be included in the period to which they relate. The estimate is that all of the future costs and and income relating to this accounting period have been included accurately.

Recognition of revenue

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

Revenue represents the amount (excluding value added tax) derived from the provision of goods and services from the principle activity.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% Straight line

Long Leasehold assets are not depreciated as they are maintained to such a degree that their residual value is at least equal to their cost.

Financial instruments

Assets

Short term assets including prepayments and trade debtors are measured at transaction price. Other financial assets including cash and amounts recoverable on contract are measured at fair value.

Liabilities

Short term liabilities including trade creditors, other creditors and accruals are measured at transaction price.

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 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 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.

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.

Amounts recoverable on contracts

Amounts recoverable on contracts are in respect of revenue generating contracts entered into which are not yet complete. Long term contract costs incurred are released to the profit and loss account as they fall due. Revenue is valued using a stage of completion method and recognised accordingly in the period for which the corresponding costs have been recognised. They are reviewed on a contract by contract basis and any foreseeable losses are recognised immediately in the profit and loss account.

3.

TURNOVER

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

An analysis of turnover by geographical market is given below:

2025

2024

£

£

United Kingdom

13,551,056

9,996,336

Europe

-

1,633,149

13,551,056

11,629,485

4.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

1,590,345

1,897,257

Social security costs

185,491

167,617

Other pension costs

28,625

27,345

1,804,461

2,092,219

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

2025

2024

Direct

28

30

Admin

3

5

Directors

6

5

37

40

The staff are formally employed by UK Docks Marine Services North Limited and the costs of the employees are recharged to the company each month.

5.	DIRECTORS' EMOLUMENTS

No payments have been made for the directors in relation to defined benefit pension plans during the year (2024: £206,000)

6.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

£

Other operating leases

156,450

162,760

Depreciation - owned assets

32,244

13,011

Auditors' remuneration

16,800

14,360

Auditors' remuneration for non audit work

2,834

9,764

Foreign exchange differences

565

-

7.

TAXATION

Analysis of the tax charge

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

2025

2024

£

£

Current tax:

UK corporation tax

261,202

304,369

Deferred tax

23,612

4,819

Tax on profit

284,814

309,188

Reconciliation of total tax 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

2,362,139

1,216,073

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

590,535

304,018

Effects of:

Expenses not deductible for tax purposes

5,185

6,763

Capital allowances in excess of depreciation

(22,075

)

(6,413

)

Utilisation of tax losses

(312,443

)

-

Deferred tax

23,612

4,820

Total tax charge

284,814

309,188

8.

DIVIDENDS

2025

2024

£

£

A Ordinary shares of £1 each

Dividends

500,000

720,986

9.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 August 2024

916,982

181,794

20,850

Additions

559,441

37,920

-

At 31 July 2025

1,476,423

219,714

20,850

DEPRECIATION

At 1 August 2024

-

138,503

18,291

Charge for year

-

20,303

640

At 31 July 2025

-

158,806

18,931

NET BOOK VALUE

At 31 July 2025

1,476,423

60,908

1,919

At 31 July 2024

916,982

43,291

2,559

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 August 2024

-

24,926

1,144,552

Additions

30,500

-

627,861

At 31 July 2025

30,500

24,926

1,772,413

DEPRECIATION

At 1 August 2024

-

17,409

174,203

Charge for year

7,625

3,676

32,244

At 31 July 2025

7,625

21,085

206,447

NET BOOK VALUE

At 31 July 2025

22,875

3,841

1,565,966

At 31 July 2024

-

7,517

970,349

10.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

149,079

307,413

Amounts owed by group undertakings

432,715

1,465,918

Amounts recoverable on contract

3,653,889

133,167

VAT

374,102

241,737

Prepayments and accrued income

267,078

92,390

4,876,863

2,240,625