REGISTERED NUMBER: 04028611 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JULY 2025

FOR

D & M PLANT HIRE LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

5

Statement of Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Cash Flow Statement

12

Notes to the Cash Flow Statement

13

Notes to the Financial Statements

15

DIRECTORS:

M Meagher

S J Meagher

REGISTERED OFFICE:

Windy Ridge

Crawley Road

Witney

Oxfordshire

OX29 9TG

REGISTERED NUMBER:

04028611 (England and Wales)

AUDITORS:

Jamesons Limited

Chartered Accountants and Statutory Auditors

Jamesons House

Compton Way

Witney

OX28 3AB

The directors present their strategic report for the year ended 30 July 2025.

REVIEW OF BUSINESS

D & M Plant Hire Limited is a private company limited by shares and incorporated in the United Kingdom.

The company operates in the UK plant hire and earthmoving and contracting sector, supplying construction equipment such as excavators, dumpers, and dozers to contractors and infrastructure projects. The company benefits from established customer relationships, flexible service offerings, and industry experience, positioning it well within a competitive but growing market. Demand for plant hire continues to rise due to increased infrastructure investment and the high cost of equipment ownership.

To remain competitive, D&M Plant Hire Ltd is focussing on expanding its market share while improving operational efficiency and modernising its fleet. Investment in newer, low-emission machinery will not only reduce maintenance costs but also align with increasing environmental regulations and client expectations. At the same time, adopting digital tools such as telematics and online booking systems can streamline operations, improve asset utilisation, and enhance customer experience.

Strategically, the business is aiming to strengthen its regional presence by targeting construction firms and public sector projects, while maintaining its reputation for reliability and personalised service. A gradual shift toward sustainable equipment, combined with improved logistics and customer management systems, will support long-term growth. By focusing on these priorities, D&M Plant Hire Ltd can enhance its competitive position, increase profitability, and build resilience against economic and industry fluctuations.

The company has continued its growth and investment in the year ending 2025 whilst working on major government projects to provide the security for this. Overall, a successful year considering the battles of weather and the financial stability in the UK hampering work opportunities.

There have been no changes in the company's activities in the year under review. The directors are not aware, at the date of this report, of any likely major changes in the company's activities in the next year.

It is felt that this is a satisfactory result as the Company continues to grow and become stronger in both profitability and asset value.

PRINCIPAL RISKS AND UNCERTAINTIES

The management of the business and execution of the company's strategy are subject to a number of risks.

The key business risks and uncertainties affecting the company are considered to relate to the underlying market for large scale construction projects and competition.

KEY PERFORMANCE INDICATORS

The key financial and other performance indicators during the year were as follows:

2025

2024

£

£

Turnover

21,498

18,081

Operating profit

2,459

1,815

EBITDA

6,070

5,175

Cash

319

151

Net Assets

12,258

13,626

Average number of employees

52

45

CREDIT RISK

The company allows normal trade terms to customers and all debts up to a pre-agreed limit are insured with Allianz.

FUTURE DEVELOPMENTS

The company anticipates that the present level of turnover and profits will be maintained for the foreseeable future, with further reinvestment of profits back into the company and continued new projects. .

KEY PEOPLE

As with all businesses the company is dependent upon a number of key employees, particularly for the sales activity and the management functions. The company manages this risk by support and careful long-term succession planning.

ENVIRONMENTAL ISSUES

The company will seek to minimise adverse impacts on the environment from its activities, whilst continuing to address health, safety and economic issues. The company has complied with all applicable legislation and regulations.

ON BEHALF OF THE BOARD:

M Meagher - Director

28 April 2026

The directors present their report with the financial statements of the company for the year ended 30 July 2025.

DIVIDENDS

The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31 July 2025 will be £731,480,.

DIRECTORS

The directors shown below have held office during the whole of the period from 31 July 2024 to the date of this report.

M Meagher

S J Meagher

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), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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, Jamesons Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

M Meagher - Director

28 April 2026

Opinion

We have audited the financial statements of D & M Plant Hire Limited (the 'company') for the year ended 30 July 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, 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 30 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 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 discussion with directors and informed management and from our commercial knowledge and experience of the industry;

-

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 Companies Act 2006, taxation legislation, employment legislation and health and safety legislation;

-

We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and reviewing documentation during the audit; and

-

Identified laws and regulations were communicated within the audit team and the team remained alert to instances of non-compliance during 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 enquires 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:

-

Reviewed the financial statements and records 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 any 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 applicable sources.

There are inherent limitations in our audit procedures described above. The 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. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquire of the directors and informed management and the inspection of regulatory and legal correspondence if any.

The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation and there is therefore 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.

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.

Anita Lyon FCA FCCA (Statutory Auditor)

for and on behalf of Jamesons Limited

Chartered Accountants and Statutory Auditors

Jamesons House

Compton Way

Witney

OX28 3AB

29 April 2026

TURNOVER

21,498,375

18,080,613

Cost of sales

14,402,055

12,002,576

GROSS PROFIT

7,096,320

6,078,037

Administrative expenses

3,250,429

2,906,441

3,845,891

3,171,596

Other operating income

-

18,592

OPERATING PROFIT

5

3,845,891

3,190,188

Interest receivable and similar income

17,227

14,525

3,863,118

3,204,713

Interest payable and similar expenses

6

1,403,951

1,389,706

PROFIT BEFORE TAXATION

2,459,167

1,815,007

Tax on profit

7

617,917

465,100

PROFIT FOR THE FINANCIAL YEAR

1,841,250

1,349,907

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,841,250

1,349,907

FIXED ASSETS

Intangible assets

9

-

-

Tangible assets

10

17,025,374

18,213,557

17,025,374

18,213,557

CURRENT ASSETS

Debtors

11

4,212,004

2,803,643

Cash at bank

319,202

150,857

4,531,206

2,954,500

CREDITORS

Amounts falling due within one year

12

9,298,099

7,542,266

NET CURRENT LIABILITIES

(4,766,893

)

(4,587,766

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,258,481

13,625,791

CREDITORS

Amounts falling due after more than one year

13

(4,533,204

)

(7,628,200

)

PROVISIONS FOR LIABILITIES

17

(2,131,012

)

(1,513,096

)

NET ASSETS

5,594,265

4,484,495

CAPITAL AND RESERVES

Called up share capital

18

2

2

Retained earnings

19

5,594,263

4,484,493

SHAREHOLDERS' FUNDS

5,594,265

4,484,495

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2026 and were signed on its behalf by:

M Meagher - Director

S J Meagher - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 August 2023

2

3,648,016

3,648,018

Changes in equity

Dividends

-

(513,430

)

(513,430

)

Total comprehensive income

-

1,349,907

1,349,907

Balance at 30 July 2024

2

4,484,493

4,484,495

Changes in equity

Dividends

-

(731,480

)

(731,480

)

Total comprehensive income

-

1,841,250

1,841,250

Balance at 30 July 2025

2

5,594,263

5,594,265

Cash flows from operating activities

Cash generated from operations

1

6,937,089

5,160,219

Interest paid

(231,106

)

(65,943

)

Interest element of hire purchase and finance lease rental payments paid

(1,172,845

)

(1,323,763

)

Net cash from operating activities

5,533,138

3,770,513

Cash flows from investing activities

Purchase of tangible fixed assets

(1,844,369

)

(5,246,679

)

Sale of tangible fixed assets

825,054

491,780

Interest received

17,227

14,525

Net cash from investing activities

(1,002,088

)

(4,740,374

)

Cash flows from financing activities

New loans in year

-

305,547

Loan repayments in year

(173,576

)

-

Hire purchase funding

(3,451,546

)

696,934

Amount introduced by directors

33,318

-

Amount withdrawn by directors

(39,421

)

(337,884

)

Equity dividends paid

(731,480

)

(513,430

)

Net cash from financing activities

(4,362,705

)

151,167

Increase/(decrease) in cash and cash equivalents

168,345

(818,694

)

Cash and cash equivalents at beginning of year

2

150,857

969,551

Cash and cash equivalents at end of year

2

319,202

150,857

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

Period

1.8.23

Year Ended

to

30.7.25

30.7.24

£

£

Profit before taxation

2,459,167

1,815,007

Depreciation charges

1,933,883

1,937,266

Loss on disposal of fixed assets

273,615

32,632

Finance costs

1,403,951

1,389,706

Finance income

(17,227

)

(14,525

)

6,053,389

5,160,086

(Increase)/decrease in trade and other debtors

(1,402,259

)

710,714

Increase/(decrease) in trade and other creditors

2,285,959

(710,581

)

Cash generated from operations

6,937,089

5,160,219

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 July 2025

30.7.25

31.7.24

£

£

Cash and cash equivalents

319,202

150,857

Period ended 30 July 2024

30.7.24

1.8.23

£

£

Cash and cash equivalents

150,857

1,004,669

Bank overdrafts

-

(35,118

)

150,857

969,551

3.	ANALYSIS OF CHANGES IN NET DEBT

At 31.7.24

Cash flow

At 30.7.25

£

£

£

Net cash

Cash at bank

150,857

168,345

319,202

150,857

168,345

319,202

Debt

Hire purchase and finance leases

(12,632,013

)

3,451,546

(9,180,467

)

Debts falling due within 1 year

(602,618

)

52,879

(549,739

)

Debts falling due after 1 year

(126,182

)

120,697

(5,485

)

(13,360,813

)

3,625,122

(9,735,691

)

Total

(13,209,956

)

3,793,467

(9,416,489

)

1.	STATUTORY INFORMATION

D & M Plant Hire Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Going concern

The financial statements have been prepared on a going concern basis even though the company has net current liabilities at 31 July 2025 of £4,766,893 (2024 - £4,587,766).

The validity of the going concern principle is dependent upon the company continuing to trade at a profit and on the continued support of its creditors. Included within creditors due within one year are hire purchase and finance lease liabilities amounting to £4,652,748 (2024 - £5,129,995) payable by instalments over the next twelve months.

If the company was unable to continue trading adjustments would have to be made to reduce the balance sheet values of assets to their recoverable amounts, provide for further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlements discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

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

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Financial instruments

Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less. For the purpose of the cash flow statement, cash and cash equivalents consist of cash and cash equivalents as defined above, net of outstanding bank overdrafts.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other operating expenses.

Taxation

Taxation for the year 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 balance sheet date.

Deferred tax

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

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

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

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

4.	EMPLOYEES AND DIRECTORS

2025

2024

£'000000

£'000000

Wages and salaries

2,443,627

2,127,428

Social security costs

276,482

229,990

Other pension costs

48,557

40,390

2,768,667

2,397,808

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

2025

2024

Accounts

4

3

Admin

5

5

Directors

2

2

Drivers

27

18

Site

11

12

Workshop

3

5

Total

52

45

Period

1.8.23

Year Ended

to

30.7.25

30.7.24

£

£

Directors' remuneration

18,480

27,914

5.	OPERATING PROFIT

The operating profit is stated after charging:

Period

1.8.23

Year Ended

to

30.7.25

30.7.24

£

£

Depreciation - owned assets

91,823

80,431

Depreciation - assets on hire purchase contracts and finance leases

1,842,060

1,856,835

Loss on disposal of fixed assets

273,615

32,632

Auditors' remuneration

13,000

12,000

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

Period

1.8.23

Year Ended

to

30.7.25

30.7.24

£

£

Bank interest

3,391

3,510

Bank loan interest

222,887

114,401

PAYE interest

4,828

586

VAT/PAYE surcharges and

interest

-

(52,554

)

Hire purchase interest

1,102,818

1,292,793

Finance lease interest

70,027

30,970

1,403,951

1,389,706

7.

TAXATION

Analysis of the tax charge

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

Period

1.8.23

Year Ended

to

30.7.25

30.7.24

£

£

Deferred tax

617,917

465,100

Tax on profit

617,917

465,100

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:

Period

1.8.23

Year Ended

to

30.7.25

30.7.24

£

£

Profit before tax

2,459,167

1,815,007

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

614,792

453,752

Effects of:

Expenses not deductible for tax purposes

3,125

2,309

Capital allowances in excess of depreciation

(51,115

)

(863,954

)

Finance lease adjustments

-

(164,043

)

Deferred tax movement

617,917

465,100

Tax losses

(566,802

)

571,936

Total tax charge

617,917

465,100