REGISTERED NUMBER: 07710751 (England and Wales)

TAB BATTERY UK LIMITED

PREVIOUSLY KNOWN AS

BATTERY SERVICE HUB LIMITED

REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 AUGUST 2024 TO 31 DECEMBER 2025

Page

Company Information

1

Report of the Directors

2

to

3

Report of the Independent Auditors

4

to

7

Statement of Comprehensive Income

8

Balance Sheet

9

Statement of Changes in Equity

10

Notes to the Financial Statements

11

to

21

Reconciliation of Equity

22

to

23

Reconciliation of Profit

24

DIRECTORS:

B Auprih

R Burja

D Cigler

T P Coyne

T Krajsek

A G Riddle

D J Wallace

REGISTERED OFFICE:

Unit B1 Wellington Way

Airfield Business Park

Market Harborough

Leicestershire

LE16 7WB

REGISTERED NUMBER:

07710751 (England and Wales)

AUDITORS:

Phipps Henson McAllister

Chartered Accountants

and Statutory Auditors

22-24 Harborough Road

Kingsthorpe

Northampton

NN2 7AZ

The directors present their report with the financial statements of the company for the period 1 August 2024 to 31 December 2025.

CHANGE OF NAME

The company passed a special resolution on 27 March 2025 changing its name from Battery Service Hub Limited to TAB Battery UK Limited.

PRINCIPAL ACTIVITY

The principal activity of the company in the period under review was that of sale and service of batteries and battery charging equipment.

DIRECTORS

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

T P Coyne

A G Riddle

D J Wallace

Other changes in directors holding office are as follows:

B Auprih - appointed 11 March 2025

R Burja - appointed 11 March 2025

D Cigler - appointed 11 March 2025

T Krajsek - appointed 11 March 2025

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing 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, Phipps Henson McAllister, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

D J Wallace - Director

30 March 2026

Opinion

We have audited the financial statements of TAB Battery UK Limited (the 'company') for the period ended 31 December 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 101 'Reduced Disclosure Framework' (United Kingdom Generally Accepted Accounting Practice).

The audit evidence available was limited because the physical counting of stock as at 31 July 2024 was not observed, as this date was prior to appointment as auditors of the company. Given the nature of the company’s records, it was not possible to obtain sufficient appropriate audit evidence, by alternative audit procedures regarding the existence and condition of inventory at the beginning of the period. Any adjustments to this figure would have a consequential impact on the profit for the period ended 31 December 2025..

Other Matter

The company was entitled to claim exemption from audit for the year ended 31 July 2024. Therefore the financial statement for the year ended 31 July 2024, were unaudited.

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 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 Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Directors has 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 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; or

-	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 Statement of Directors' Responsibilities set out on page two, 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:

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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

-We obtained an understanding of the legal and regulatory framework applicable to the company and the sector in which they operate. We determined that the following laws and regulations were most significant: the Companies Act 2006, UK Generally Accepted Accounting Practice, UK corporate taxation laws.

- We obtained an understanding of how the company is complying with those legal and regulatory frameworks by making inquiries to the management and by observing the oversight of management, the culture of honesty and ethical behaviour and whether strong emphasis is placed on fraud prevention, which may reduce the opportunities for fraud to take place, and fraud deterrence, which could persuade individuals not to commit fraud in the first instance. We corroborated our inquiries through our review of all relevant available audit information.

- We assessed and understood the susceptibility of the company's financial statements to material misstatement, including how fraud might occur. Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. The audit procedures performed by the engagement team included:

> Identifying and assessing the design and effectiveness of controls management has in place to prevent and detect fraud;

>Understanding of how senior management considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process;

>Challenging assumptions and judgements made by management in its significant accounting estimates: Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias; and.

> Assessing the extent of compliance with relevant laws and regulations.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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.

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.

Andrew Greenhalgh BFP FCA (Senior Statutory Auditor)

for and on behalf of Phipps Henson McAllister

Chartered Accountants

and Statutory Auditors

22-24 Harborough Road

Kingsthorpe

Northampton

NN2 7AZ

30 March 2026

TURNOVER

12,016,492

7,357,408

Cost of sales

9,664,688

5,784,913

GROSS PROFIT

2,351,804

1,572,495

Administrative expenses

1,489,916

590,686

OPERATING PROFIT

861,888

981,809

Interest receivable and similar income

-

1,196

861,888

983,005

Interest payable and similar expenses

4

13,999

15,168

PROFIT BEFORE TAXATION

5

847,889

967,837

Tax on profit

6

213,465

246,685

PROFIT FOR THE FINANCIAL PERIOD

634,424

721,152

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD

634,424

721,152

FIXED ASSETS

Owned

Tangible assets

8

59,428

26,416

Right-of-use

Tangible assets

8, 14

66,384

164,790

125,812

191,206

CURRENT ASSETS

Stocks

9

1,824,425

1,237,074

Debtors

10

1,850,300

1,608,864

Cash at bank and in hand

224,839

34,068

3,899,564

2,880,006

CREDITORS

Amounts falling due within one year

11

2,167,590

1,704,427

NET CURRENT ASSETS

1,731,974

1,175,579

TOTAL ASSETS LESS CURRENT LIABILITIES

1,857,786

1,366,785

CREDITORS

Amounts falling due after more than one year

12

(38,949

)

(139,383

)

PROVISIONS FOR LIABILITIES

15

(17,505

)

(14,441

)

NET ASSETS

1,801,332

1,212,961

CAPITAL AND RESERVES

Called up share capital

16

200

200

Retained earnings

17

1,801,132

1,212,761

SHAREHOLDERS' FUNDS

1,801,332

1,212,961

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

The financial statements were approved by the Board of Directors and authorised for issue on 30 March 2026 and were signed on its behalf by:

D J Wallace - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 August 2023

200

1,191,609

1,191,809

Changes in equity

Dividends

-

(700,000

)

(700,000

)

Total comprehensive income

-

721,152

721,152

Balance at 31 July 2024

200

1,212,761

1,212,961

Changes in equity

Dividends

-

(46,053

)

(46,053

)

Total comprehensive income

-

634,424

634,424

Balance at 31 December 2025

200

1,801,132

1,801,332

1.	STATUTORY INFORMATION

TAB Battery UK 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.	ACCOUNTING POLICIES

Basis of preparation

These financial statements have been prepared in accordance with Financial Reporting Standard 101 "Reduced Disclosure Framework" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements for the period ended 31 December 2025 are the first the company has prepared in accordance with these financial reporting standards. Previously the company prepared its financial statement under FRS102.

The company extended is financial reporting period to 31 December from 31 July to bring the company in line with the group reporting date. Therefore the comparative figures are not directly comparable.

The principal accounting policies adopted in the preparation of the financial statements are set out below. The polices have been consistently applied to all the years presented, unless otherwise stated.

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 101 "Reduced Disclosure Framework":

•

the requirements of paragraphs 45(b) and 46 to 52 of IFRS 2 Share-based Payment;

•

the requirements of paragraphs 62, B64(d), B64(e), B64(g), B64(h), B64(j) to B64(m), B64(n)(ii), B64(o)(ii), B64(p), B64(q)(ii), B66 and B67 of IFRS 3 Business Combinations;

•

the requirements of paragraph 33(c) of IFRS 5 Non Current Assets Held for Sale and Discontinued Operations;

•

the requirements of paragraph 24(6) of IFRS 6 Exploration for and Evaluation of Mineral Resources;

•

the requirements of IFRS 7 Financial Instruments: Disclosures;

•

the requirements of paragraphs 91 to 99 of IFRS 13 Fair Value Measurement;

•

the requirements of paragraph 52, the second sentence of paragraph 89, and paragraphs 90, 91 and 93 of IFRS 16 Leases;

the requirements of paragraph 58 of IFRS 16;

•

the requirements of the second sentence of paragraph 110 and paragraphs 113(a), 114, 115, 118, 119(a) to (c), 120 to 127 and 129 of IFRS 15 Revenue from Contracts with Customers;

•

the requirement in paragraph 38 of IAS 1 Presentation of Financial Statements to present comparative information in respect of:

-

paragraphs 53(a), (h) and (j) of IFRS 16;

-

paragraph 79(a)(iv) of IAS 1;

-

paragraph 73(e) of IAS 16 Property, Plant and Equipment;

-

paragraph 118(e) of IAS 38 Intangible Assets;

-

paragraphs 76 and 79(d) of IAS 40 Investment Property; and

-

paragraph 50 of IAS 41 Agriculture;

•

the requirements of paragraphs 10(d), 10(f), 16, 38A, 38B, 38C, 38D, 40A, 40B, 40C, 40D, 111 and 134 to 136 of IAS 1;

•

the requirements of

-

paragraphs 1 to 44E, 44H(b)(ii) and 45 to 63 of IAS 7 Statement of Cash Flows; and

-

paragraphs 44F, 44G, 44H(a), 44H(b)(i), 44H(b)(iii) and 44H(c) of IAS 7;

•

the requirements of paragraphs 30 and 31 of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors;

•

the requirements of paragraphs 88C and 88D of IAS 12 Income Taxes;

•

the requirements of paragraph 74(b) of IAS 16;

•

the requirements of paragraphs 134(d) to 134(f) and 135(c) to 135(e) of IAS 36 Impairments of Assets.

Turnover

Revenue is recognised at the fair value of the consideration received or receivable net of VAT and trade discounts. Revenue is reduced for estimated customer returns, and discounts. The policies adopted for the recognition of revenue are as follows:

Sale of goods

Revenue from the sale of goods is recognised when control of the goods have transferred to the buyer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company, the costs incurred or to be incurred in respect of the transaction can be measured reliably and there is no unfulfilled obligation that could affect the buyer's acceptance of the goods. This is usually on dispatch of the goods.

A small minority of contracts are negotiated on a bill and hold basis. In such arrangements revenue is recognised even though the Company still has physical possession only if:

- the arrangement is substantive (i.e. requested by the customer);

- the finished goods have been identified separately as belonging to the customer;

- the product is ready for physical transfer to the customer; and

Rendering of services

Revenue from providing services, where performance obligations are satisfied over time, is recognised in the accounting period in which the services are rendered as this represents the way that control passes to customers.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

33.33% on cost and 15% on reducing balance

Motor vehicles

-

25% on reducing balance

Financial instruments

The company is party to only the basic financial instruments such as cash, trade debtors and creditors

and loans. Instruments such as trade debtors and trade creditors are initially recognised at their

transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on

demand or due within one year, such as bank loans, are measured at amortised cost using the

effective interest rate.

Inventories

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

Taxation

Income taxes include all taxes based upon the taxable profits of the company. Other taxes not based on income, such as property and capital taxes, are included within operating expenses or financial expenses according to their nature.

Deferred income tax is provided, using the liability method, on temporary differences between the tax bases of assets and liabilities and their carrying amounts, in the financial statements. Deferred income tax assets relating to the carry-forward of unused tax losses are recognised to the extent that it is probable that future taxable profit will be available against which the unused tax losses can be utilised.

Current and deferred income tax assets and liabilities are offset when the income taxes are levied by the same taxation authority and when there is a legally enforceable right to offset them.

Leases

The lease liability is initially recognised at the present value of the lease payments which have not yet been made and subsequently measured under the amortised cost method. The initial cost of the right-of-use asset comprises the amount of the initial measurement of the lease liability, lease payments made prior to the lease commencement date, initial direct costs and the estimated costs of removing or dismantling the underlying asset per the conditions of the contract.

Where ownership of the right-of-use asset transfers to the lessee at the end of the lease term, the right-of-use asset is depreciated over the asset’s remaining useful life. If ownership of the right-of-use asset does not transfer to the lessee at the end of the lease term, depreciation is charged over the shorter of the useful life of the right-of-use asset and the lease term.

All leases are accounted for by recognising a right-of-use and a lease liability expect for:

- Leases of low value assets; and

- Leases with a duration of 12 months or less.

Employee benefit costs

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

PERIOD

1/8/24

TO

YEAR ENDED

31/12/25

31/7/24

£

£

Wages and salaries

1,250,339

625,636

Social security costs

34,920

1,424

Other pension costs

11,495

3,009

1,296,754

630,069

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

PERIOD

1/8/24

TO

YEAR ENDED

31/12/25

31/7/24

Employees

19

17

Directors

3

3

22

20

PERIOD

1/8/24

TO

YEAR ENDED

31/12/25

31/7/24

£

£

Directors' remuneration

275,744

46,379

Directors' pension contributions to money purchase schemes

3,633

567

Information regarding the highest paid director for the period ended 31 December 2025 is as follows:

PERIOD

1/8/24

TO

31/12/25

£

Emoluments etc

91,935

Pension contributions to money purchase schemes

1,211

4.

INTEREST PAYABLE AND SIMILAR EXPENSES

PERIOD

1/8/24

TO

YEAR ENDED

31/12/25

31/7/24

£

£

Bank loan interest

510

645

Hire purchase

10,018

9,958

Leasing

3,471

4,565

13,999

15,168

5.	PROFIT BEFORE TAXATION

The profit before taxation is stated after charging/(crediting):

PERIOD

1/8/24

TO

YEAR ENDED

31/12/25

31/7/24

£

£

Cost of inventories recognised as expense

9,664,688

5,784,913

Leases

36,240

22,472

Depreciation - owned assets

21,790

12,829

Depreciation - assets on hire purchase contracts and finance leases

66,705

55,331

Profit on disposal of fixed assets

(9,040

)

-

Auditors' remuneration

30,000

-

6.

TAXATION

Analysis of tax expense

PERIOD

1/8/24

TO

YEAR ENDED

31/12/25

31/7/24

£

£

Current tax:

Corporation tax

210,401

248,188

Deferred tax

3,064

(1,503

)

Total tax expense in statement of comprehensive income

213,465

246,685

7.

DIVIDENDS

PERIOD

1/8/24

TO

YEAR ENDED

31/12/25

31/7/24

£

£

Ordinary shares of 1 each

Interim

46,053

700,000

8.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 August 2024

290,668

25,288

49,510

183,647

549,113

Additions

-

-

40,561

-

40,561

Disposals

-

-

-

(46,847

)

(46,847

)

At 31 December 2025

290,668

25,288

90,071

136,800

542,827

DEPRECIATION

At 1 August 2024

227,690

15,216

35,198

79,803

357,907

Charge for period

41,178

2,140

13,415

31,762

88,495

Eliminated on disposal

-

-

-

(29,387

)

(29,387

)

At 31 December 2025

268,868

17,356

48,613

82,178

417,015

NET BOOK VALUE

At 31 December 2025

21,800

7,932

41,458

54,622

125,812

At 31 July 2024

62,978

10,072

14,312

103,844

191,206

9.

STOCKS

2025

2024

£

£

Stocks

1,824,425

1,237,074

10.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,610,585

1,599,165

Other debtors

239,715

9,699

1,850,300

1,608,864

11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 13)

4,393

10,314

Leases (see note 13)

42,766

61,083

Trade creditors

627,512

924,203

Amounts owed to group undertakings

550,919

95,397

Corporation tax

210,680

248,188

Social security and other taxes

31,285

12,963

VAT

335,550

324,931

Other creditors

48,717

8,941

Pension creditor

3,448

2,238

Accruals and deferred income

312,320

16,169

2,167,590

1,704,427

12.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 13)

-

8,654

Leases (see note 13)

38,949

130,729

38,949

139,383

13.

FINANCIAL LIABILITIES - BORROWINGS

2025

2024

£

£

Current:

Bank loans

4,393

10,314

Leases (see note 14)

42,766

61,083

47,159

71,397

Non-current:

Bank loans - 1-2 years

-

8,654

Leases (see note 14)

38,949

130,729

38,949

139,383