REGISTERED NUMBER: 02582463 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

FOR

FRONTIER-PITTS LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Income Statement

9

Other Comprehensive Income

10

Balance Sheet

11

Statement of Changes in Equity

12

Notes to the Financial Statements

13

DIRECTORS:

G R Liddle

A L Catlow

E R Hussen

H A Ozgen

A Wainwright

REGISTERED OFFICE:

Crompton House

Crompton Way

Crawley

West Sussex

RH10 9QZ

REGISTERED NUMBER:

02582463 (England and Wales)

AUDITORS:

Prime

Chartered Accountants

Statutory Auditor

Corner Oak

1 Homer Road

Solihull

B91 3QG

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

REVIEW OF BUSINESS

Frontier Pitts Ltd is a leading manufacturer and installer of perimeter security products. The products are sold worldwide and are installed in over 100 countries. 2024-2025 was a successful year for the Frontier-Pitts Limited Group, with a profit before tax approaching £1m.

The period brought about the purchase of the shares of the departing sales director and 50% shareholder S.Gaffer. In order to facilitate this a new holding company was created as the vehicle to proceed with the acquisition of shares. The shareholding was purchased from the cash within the business and required no borrowing.

A five year business plan was issued during the year, with targets to increase turnover and profit by 10% per annum. During the period the sales and marketing directorship was changed to focus on growth and added value for the future.

Turnover declined compared to the previous year as the business was repositioned to eliminate low margin contracts and to focus on building long term relationships for the next 5-10 years. Rising input costs continue to present challenges for the business. In particular, wage growth and material prices continue to rise at a fast pace, with the UK being the outlier of the advanced economies in the world. Work continues unabated to standardise product design to allow further cost reductions to improve the competitiveness of the business.

Significant efforts are being applied to getting Frontier Pitts products specified at the pre order stage, working with specifiers by providing bespoke plans.

Payments by clients were generally on schedule. However, the trend of construction industry clients trying to pass back costs for any reason imaginable has continued. As a result robust measures are in place to deal with these issues.

The balance sheet remains strong with net assets in excess of £7m. Further expansion will not require the use of any borrowing facilities. The cash position remains strong owing to stringent credit control criteria and a customer base of blue chip clients. This should allow the company to continue to weather the continued headwinds within the economy.

Payments to suppliers are up to date. We firmly believe it is in our interests to support our suppliers with prompt payment.

PRINCIPAL RISKS AND UNCERTAINTIES

There are five main risks which may affect the business in the coming year.

1. Material costs are still marching upwards. Particular concerns this year have been coating costs and hydraulic systems.

2. Brexit continues to offer some challenges. Freight costs have increased and there are constant issues with shipments being held at customs. Whilst these problems are frustrating, they are more of an inconvenience as opposed to a major risk to the business. Europe has recently announced that preferred status will be awarded to EU manufacturers, further adding to the difficulties of exporting there

3. Failures of construction companies appear to have slowed this year, but the press talks continuously about difficulties in the sector. Vigilance will be maintained to protect Frontier Pitts from client defaults

4. More sophisticated planning has resulted in better management of space. For further expansion the business is reviewing options to increase production capacity.

5. New entrants to the market place continue to appear from Ukraine, China and India.

KEY PERFORMANCE INDICATORS

The Board of directors had set some growth targets, which have proven challenging for this financial year. Measures have been implemented for the new financial year to improve turnover and profit.

The company has a range of quality KPI both in terms of delivered product and of service to our clients. In all categories, the indicators are showing positive improvement, which is particularly satisfying bearing in mind all of the recent turmoil. Remedial works have diminished significantly this year.

Frontier Pitts is in a strong position to continue to withstand the current uncertain climate. A new range of gates continues to satisfy a new industry standard giving Frontier Pitts a clear lead over its competition. Further new products will be tested during the next financial year. Frontier Pitts Ltd is strongly positioned for the next 5 years.

ON BEHALF OF THE BOARD:

G R Liddle - Director

29 April 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 manufacturer of perimeter security equipment.

DIVIDENDS

The total distribution of dividends for the year ended 31 July 2025 was £55,000 (2024: £920,000).

DIRECTORS

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

G R Liddle

A L Catlow

E R Hussen

Other changes in directors holding office are as follows:

S S Gaffer - resigned 21 October 2024

H A Ozgen and A Wainwright were appointed as directors after 31 July 2025 but prior to the date of this report.

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, Prime, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

G R Liddle - Director

29 April 2026

Opinion

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

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 July 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Matters on which we are required to report by exception

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

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

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

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

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

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

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page 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:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- 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 industry 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 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;

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 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;

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

- reviewing correspondence with HMRC and other relevant parties.

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.

Kevin Johns BSc FCA (Senior Statutory Auditor)

for and on behalf of Prime

Chartered Accountants

Statutory Auditor

Corner Oak

1 Homer Road

Solihull

B91 3QG

29 April 2026

TURNOVER

3

12,341,206

13,227,685

Cost of sales

5,988,590

6,678,409

GROSS PROFIT

6,352,616

6,549,276

Administrative expenses

5,307,641

5,057,255

OPERATING PROFIT

5

1,044,975

1,492,021

Income from fixed asset investments

66,626

103,033

Interest receivable and similar income

10,575

16,272

77,201

119,305

1,122,176

1,611,326

Change in market value

6

118,574

(105,565

)

1,003,602

1,716,891

Interest payable and similar expenses

7

14,072

-

PROFIT BEFORE TAXATION

989,530

1,716,891

Tax on profit

8

361,466

360,806

PROFIT FOR THE FINANCIAL YEAR

628,064

1,356,085

PROFIT FOR THE YEAR

628,064

1,356,085

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

628,064

1,356,085

FIXED ASSETS

Intangible assets

10

5

5

Tangible assets

11

215,269

238,880

Investments

12

2,934

2,934

218,208

241,819

CURRENT ASSETS

Stocks

13

1,101,785

1,012,189

Debtors

14

6,927,786

2,631,154

Investments

15

2,140,042

2,297,672

Cash at bank and in hand

1,030,504

4,104,502

11,200,117

10,045,517

CREDITORS

Amounts falling due within one year

16

4,278,001

3,731,248

NET CURRENT ASSETS

6,922,116

6,314,269

TOTAL ASSETS LESS CURRENT LIABILITIES

7,140,324

6,556,088

PROVISIONS FOR LIABILITIES

18

28,198

17,026

NET ASSETS

7,112,126

6,539,062

CAPITAL AND RESERVES

Called up share capital

19

34,800

34,800

Capital redemption reserve

20

8,700

8,700

Retained earnings

20

7,068,626

6,495,562

SHAREHOLDERS' FUNDS

7,112,126

6,539,062

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2026 and were signed on its behalf by:

G R Liddle - Director

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 August 2023

34,800

6,059,477

8,700

6,102,977

Changes in equity

Dividends

-

(920,000

)

-

(920,000

)

Total comprehensive income

-

1,356,085

-

1,356,085

Balance at 31 July 2024

34,800

6,495,562

8,700

6,539,062

Changes in equity

Dividends

-

(55,000

)

-

(55,000

)

Total comprehensive income

-

628,064

-

628,064

Balance at 31 July 2025

34,800

7,068,626

8,700

7,112,126

1.	STATUTORY INFORMATION

Frontier-Pitts 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 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 as modified by the revaluation of certain assets.

Going concern

The company continues to be profitable and well resourced. The directors have a reasonable expectation that the company will continue in operational existence for at least 12 months from the date of approval of the financial statements. Therefore the directors continue to adopt the going concern basis of accounting in preparing the financial statements

Financial Reporting Standard 102 - reduced disclosure exemptions

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

•

the requirements of Section 7 Statement of Cash Flows.

Preparation of consolidated financial statements

The financial statements contain information about Frontier-Pitts Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Froniter Pitts Holdings Limited, Crompton House Crompton Way.

The results of the company are consolidated in the ultimate parent's financial statements, Frontier Pitts Holdings Limited, whose registered office is: Crompton House, Compton Way, Crawley, West Sussex, United Kingdom, RH10 9QZ.

Significant judgements and estimates

The preparation of financial statements requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reporting of assets, liabilities, income and expenses. Estimates and underlying assumptions are reviewed on an ongoing basis. Actual results may differ from estimates calculated using these judgements and assumptions. Key sources of estimated uncertainty and critical accounting judgements are as follows;

Valuation of work in progress

The company recognises WIP in respect of ongoing contracts. Management exercises judgement in determining the point at which the Company has obtained the right to consideration, the stage of completion of each project, and whether revenue and related WIP should be recognised based on the pattern of transfer of goods or services to the customer.

Turnover

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

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.

Patents and licences are not amortised.

Tangible fixed assets

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

Improvements to property

-

20% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

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

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

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

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.

Current asset investments

Current asset investments are initially measured at cost and are subsequently re-measured at their fair value.

Leasing commitments

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

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

9,143,862

9,821,785

Europe

1,371,212

1,860,246

United States of America

78,028

21,182

Middle East and Far East

1,152,856

878,157

Africa

462,029

577,272

Australia

133,219

69,043

12,341,206

13,227,685

4.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

5,609,063

5,946,509

Social security costs

565,485

600,379

Other pension costs

131,183

118,471

6,305,731

6,665,359

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

2025

2024

Engineering

43

43

Finance

6

7

Production

56

58

Research and development

3

3

Sales

15

12

123

123

2025

2024

£

£

Directors' remuneration

437,725

1,003,617

Directors' pension contributions to money purchase schemes

5,862

25,267

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes

4

4

Information regarding the highest paid director is as follows:

2025

2024

£

£

Emoluments etc

228,450

460,796

5.	OPERATING PROFIT

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

2025

2024

£

£

Depreciation - owned assets

157,729

133,675

Profit on disposal of fixed assets

(132,671

)

(145,915

)

Auditors' remuneration

62,950

39,514

Auditors' remuneration for non audit work

22,773

10,032

6.	CHANGE IN MARKET VALUE

2025

2024

£

£

Change in market value

of current asset investment

114,173

(97,270

)

Foreign exchange gain

4,401

(8,295

)

118,574

(105,565

)

7.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Corporation tax interest

14,072

-

8.

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

283,940

363,825

Under provision in prior year

66,354

-

Total current tax

350,294

363,825

Deferred tax

11,172

(3,019

)

Tax on profit

361,466

360,806

Reconciliation of total tax charge included in profit and loss

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

2025

2024

£

£

Profit before tax

989,530

1,716,891

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

247,383

429,223

Effects of:

Expenses not deductible for tax purposes

19,007

(59,591

)

Capital allowances in excess of depreciation

(7,788

)

-

Depreciation in excess of capital allowances

-

4,395

Dividends taxed at source

(16,657

)

(25,758

)

Change in market value of investments

28,543

(24,318

)

Capital gain on disposal of investments

13,452

39,874

Tax underprovision

66,354

-

Deferred tax

11,172

(3,019

)

Total tax charge

361,466

360,806

9.

DIVIDENDS

2025

2024

£

£

Ordinary shares of £1 each

Interim

55,000

920,000

10.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 August 2024

and 31 July 2025

5

NET BOOK VALUE

At 31 July 2025

5

At 31 July 2024

5

11.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 August 2024

74,177

156,562

388,061

959,693

1,578,493

Additions

-

23,975

4,707

146,978

175,660

Disposals

-

-

-

(155,771

)

(155,771

)

At 31 July 2025

74,177

180,537

392,768

950,900

1,598,382

DEPRECIATION

At 1 August 2024

74,177

154,653

374,961

735,822

1,339,613

Charge for year

-

6,704

5,674

145,351

157,729

Eliminated on disposal

-

-

-

(114,229

)

(114,229

)

At 31 July 2025

74,177

161,357

380,635

766,944

1,383,113

NET BOOK VALUE

At 31 July 2025

-

19,180

12,133

183,956

215,269

At 31 July 2024

-

1,909

13,100

223,871

238,880