REGISTERED NUMBER: 06667027 (England and Wales)

CVAM Limited

Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 31 July 2025

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

5

Statement of Comprehensive Income

8

Balance Sheet

9

Statement of Changes in Equity

10

Notes to the Financial Statements

11

DIRECTORS:

Mr N A Watkins

Mr A A Stephenson

SECRETARY:

Mr N A Watkins

REGISTERED OFFICE:

Dyffryn Trading Estate

Rhyl Road

Denbigh

Denbighshire

LL16 5SU

REGISTERED NUMBER:

06667027 (England and Wales)

AUDITORS:

Salisbury & Company Business Solutions Limited

Statutory Auditors

Chartered Accountants

Irish Square

Upper Denbigh Road

St Asaph

Denbighshire

LL17 0RN

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

REVIEW OF BUSINESS

The directors are once again exceptionally proud of the performance of the business in what has been another challenging year for many in our industry. New vehicle supply chain issues have recovery back to normality which has maintained the trend from the previous year of used vehicles and trailers hitting the secondary market. We have slightly increased our vehicle sales turnover and is testament to all involved within the business and a fantastic achievement in a fast moving and competitive marketplace.

The Directors believe the attached financial audit to be an accurate and fair reflection of the company's performance in the reported year.

KEY PERFORMANCE INDICATORS

The company's key KPI's of Comprehensive Income, Balance Sheet Growth and Customer Retention have all increased during the financial year once again which we feel is an excellent achievement by the management team and is testament to all their dedicated work.

The company's financial and KPI's during the period were as follows:

2025

2024

£'000

£'000

Turnover

£16,745

£16,870

Gross Profit

£2,123

£3,999

Profit before Taxation

£1,867

£2,554

PRINCIPAL RISK AND UNCERTAINTIES

The company regularly reviews the risk and uncertainties within the business and the principal material risks identified by the company are as follows:

Credit risk: The company recognised the importance of debtor management and the need to reduce the risk of financial loss. To manage the risk, overdue debtors are regularly monitored to keep to a minimum with debtor's reports circulated by the Finance Manager on a weekly basis to both directors.

Health & safety: The company's activities are potentially hazardous and failure to meet safety standards could result in serious injury. The risk is managed by continuously monitoring and management of health, safety and environmental risks.

Supply chain: One of the important aspects of the business is its supply chain management. The company has long standing relationships with key suppliers and are not reliant on any one supplier and have extended our services to new suppliers that we hope to develop further in the coming financial year.

External debts: The company have no external debt to speak of which puts the company on a very sound financial footing and places CVAM as one of the largest independent companies of our type in the UK.

There will be many challenges ahead for UK businesses from all sectors in 2026 not least with all the external pressure that we are facing from the Geopolitical events unfolding in the Middle East and Ukraine. General business confidence is running low in our opinion and especially in the logistical sector due in the main to increased fuel costs. However, the company is now positioned very positively to maximise any potential downturn or upturn and has proved itself historically to be very resilient to any major swings in the UK economy. We are able to adapt very quickly to market changes to our advantage and are forecasting an increase in demand for our remarketing services from many of our UK banks that we are fortunate to count as clients.

EMPLOYEES

Our employees continue to be a huge asset and show great dedication and loyalty for which the directors thank them for. Our team whilst small is now expanding with three new staff members which serves the needs of the business perfectly. We do not foresee any major changes in the next financial year but are well placed to do so if required. All employees have direct daily access to the directors which keeps lines of communication short and concise and enables us to react quickly to opportunities as they arise ahead of our competitors.

Composition of the work force as follows:

Directors 2 Male

Senior Managers 1 Male / 1 Female

Rest of Work Force 4 Male / 3 Female

The company have implemented a culture of endeavouring to be more environmentally aware by minimising waste and travel were ever possible. All desks now have recyclable bins for paper / plastic etc. We encourage questioning within the business were by any employee has the remit to put forward suggestions for either material or cost savings on all activities including remote working when possible.

DEVELOPMENT AND PERFORMANCE

The company continues to build on its excellent reputation within the financial sector, assisting with end of lease returns and corporate failures which we are forecasting an increase in activity even after maintaining the substantial gains we made in our last accounts.

The business is in an excellent position to maximise any future opportunities that may present themselves during the next fiscal year and beyond. We have very strong capital reserves to enable instant decisions to be taken which has proved a critical component in our success along with very prudent measures to control overheads which these accounts pay testament too.

The company envisage future development in offering a wider range of services to our clients and expanding on other operational income which has been a real success this year. This in turn leads organically into our core business activity of the purchase and resale of transportation assets both in the home and export markets further increasing our prospects.

The company has further enhanced its reputation as a fair and reputable entity with which to do business and is one of the key mission goals of the directors. We fully intend to build on this reputation in both our sales and supply channels and see this as a key foundation that the success of the business is built on which again has proven to be the case in this financial year.

In summary the audit and this report clearly show the company continues to head in a positive direction which is testament to an excellent management team across all disciplines. The directors are immensely proud of all their staff who have contributed to the success of the business and adapted to new working practices to ensure the continued growth of the company and serve our clients and customers with the upmost respect and integrity.

ON BEHALF OF THE BOARD:

Mr N A Watkins - Director

28 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 purchase and resale of commercial vehicles.

DIVIDENDS

The total distribution of dividends for the year ended 31 July 2025 will be £240,000.

DIRECTORS

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

Mr N A Watkins

Mr A A Stephenson

POLITICAL DONATIONS AND EXPENDITURE

During the period the company made donations to local charitable organisations totalling £5,410 (2024: £2,409).

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, Salisbury & Company Business Solutions Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr N A Watkins - Director

28 April 2026

Opinion

We have audited the financial statements of CVAM Limited (the 'company') for the year ended 31 July 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 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:

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. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatement in the financial statements may not be detected, even though the audit is properly planned in accordance with ISA (UK).

We obtained an understanding of the legal and regulatory frameworks applicable to the company and the industry in which it operates through our general commercial and sector experience and discussions with management. We determined that the following laws and regulations were most significant: The Companies Act 2006, FRS 102 the 'Financial Reporting Standards applicable in the UK and Republic of Ireland' and relevant UK tax legislation. In addition, we concluded that there are certain laws and regulations that may have an effect on the determination of the amounts and disclosures within the financial statements such as Health and Safety laws and regulations.

We accessed the susceptibility of the company's financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the engagement team included:

- Discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulations or fraud;

- Obtain an understanding of the internal controls that management have in place to prevent and detect fraud;

- Challenging assumptions and judgements made by management in its significant accounting estimates;

- Reviewing the financial statement disclosures and assessing the appropriateness of the accounting policies used;

- Identifying and testing journal entries, in particular manual or unusual entries;

- Obtaining third party confirmations of all the companies banking arrangements;

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

- Conclude on the appropriateness of the directors' use of the going concern basis of accounting.

The assessment of the appropriateness of the collective competence and capabilities of the engagement team included consideration of the engagements team's knowledge of the industry in which the client operates in and understanding of, and practical experience with, audit engagements of a similar nature and complexity through appropriate training and participation.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment.

Our audit procedures are designed to detect material misstatement. We are not responsible for preventing non-compliance or fraud and cannot be expected to detect non-compliance with all laws and regulations.

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.

Mr Aled Roberts FCA (Senior Statutory Auditor)

for and on behalf of Salisbury & Company Business Solutions Limited

Statutory Auditors

Chartered Accountants

Irish Square

Upper Denbigh Road

St Asaph

Denbighshire

LL17 0RN

28 April 2026

TURNOVER

3

16,744,991

16,870,265

Cost of sales

(14,622,131

)

(12,871,665

)

GROSS PROFIT

2,122,860

3,998,600

Administrative expenses

(667,958

)

(2,002,674

)

1,454,902

1,995,926

Other operating income

238,767

486,630

OPERATING PROFIT

5

1,693,669

2,482,556

Interest receivable and similar income

173,593

71,818

PROFIT BEFORE TAXATION

1,867,262

2,554,374

Tax on profit

6

(476,378

)

(809,011

)

PROFIT FOR THE FINANCIAL YEAR

1,390,884

1,745,363

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,390,884

1,745,363

FIXED ASSETS

Tangible assets

8

538,201

1,334,577

CURRENT ASSETS

Stocks

9

1,925,897

3,369,800

Debtors

10

13,606,722

12,674,897

Cash at bank

3,068,408

1,937,519

18,601,027

17,982,216

CREDITORS

Amounts falling due within one year

11

5,706,619

6,999,915

NET CURRENT ASSETS

12,894,408

10,982,301

TOTAL ASSETS LESS CURRENT LIABILITIES

13,432,609

12,316,878

PROVISIONS FOR LIABILITIES

12

55,694

90,847

NET ASSETS

13,376,915

12,226,031

CAPITAL AND RESERVES

Called up share capital

13

3,440,330

3,440,330

Retained earnings

14

9,936,585

8,785,701

SHAREHOLDERS' FUNDS

13,376,915

12,226,031

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:

Mr N A Watkins - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 August 2023

3,440,330

7,234,338

10,674,668

Changes in equity

Dividends

-

(194,000

)

(194,000

)

Total comprehensive income

-

1,745,363

1,745,363

Balance at 31 July 2024

3,440,330

8,785,701

12,226,031

Changes in equity

Dividends

-

(240,000

)

(240,000

)

Total comprehensive income

-

1,390,884

1,390,884

Balance at 31 July 2025

3,440,330

9,936,585

13,376,915

1.	STATUTORY INFORMATION

CVAM 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 presentational and functional currency of these financial statements is pound sterling; the financial

statements are rounded to the nearest pound.

Going concern

The directors have reviewed the company's performance throughout the period and subsequent to the year end and, as a result believe that the preparation of the financial statements on the going concern basis is appropriately.

The company has taken advantage of the following disclosure exemptions 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;

•

the requirement of paragraph 3.17(d);

•

the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

•

the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;

•

the requirements of paragraphs 26.18(b), 26.19 to 26.21 and 26.23;

•

the requirement of paragraph 33.7;

•

the requirements of paragraph 24(b) of IFRS 6.

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.

Turnover

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

Income from the sale of vehicles is recognised when the vehicle is sold.

Income from rental income is recognised in the period in which the income relates to.

Tangible fixed assets

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

Freehold property

-

Assets not depreciated

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Hire fleet

-

15% on reducing balance

Stocks

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

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.

The deferred tax balance at 31st July 2025 has been calculated using the UK corporation tax rate of 25% reflecting the expected timing of reversal of the related timing differences.

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.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost.

Provisions for liabilities

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

Employee benefits

Short term employee benefits and contributions to defined contribution plans are recognised as an expense in the period in which they are incurred.

Accounting estimates & judgements

The directors are required to make judgements, estimates and assumptions about the carrying amount of asset and liabilities that are not readily apparent from other sources. These estimates and assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

Critical accounting judgements in applying the company's accounting policies:

In the course of preparing the financial statements, no judgement have been made in the process of applying the Company's accounting policies, other than those involving estimations that have had significant effect on the amounts recognised in the financial statements.

Sources of estimation uncertainty and judgement involving estimations:

The key assumption is the value of stock which is determined by the directors and not a third party.

3.

TURNOVER

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

An analysis of turnover by class of business is given below:

2025

2024

£

£

Vehicle Sales

15,901,270

15,641,666

Rental Income

488,702

719,633

Other

355,019

508,966

16,744,991

16,870,265

An analysis of turnover by geographical market is given below:

2025

2024

£

£

United Kingdom

16,744,991

16,870,265

16,744,991

16,870,265

4.	EMPLOYEES AND DIRECTORS

No pension was paid to the directors during the year.

Average number of employees in the year was 9 (2024:7).

2025

2024

£

£

Directors' remuneration

13,008

12,792

5.	OPERATING PROFIT

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

2025

2024

£

£

Other operating leases

190,896

89,813

Depreciation - owned assets

54,752

122,253

(Profit)/loss on disposal of fixed assets

(30,673

)

1,297,356

Auditors' remuneration

16,285

22,708

6.

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

511,531

1,210,557

Deferred tax

(35,153

)

(401,546

)

Tax on profit

476,378

809,011

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

1,867,262

2,554,374

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

466,816

638,594

Effects of:

Expenses not deductible for tax purposes

6,278

3,726

Depreciation in excess of capital allowances

13,688

27,023

Deferred tax

(35,153

)

(401,546

)

Loss on disposal

(7,669

)

324,339

Balancing charge

24,374

216,875

Gain

8,044

-

Total tax charge

476,378

809,011

7.

DIVIDENDS

2025

2024

£

£

Ordinary shares of 1 each

Interim

240,000

194,000

8.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Hire

property

machinery

fittings

fleet

Totals

£

£

£

£

£

COST

At 1 August 2024

971,188

19,879

189,766

414,205

1,595,038

Additions

10,000

-

4,949

-

14,949

Disposals

(665,764

)

-

(8,005

)

(165,682

)

(839,451

)

At 31 July 2025

315,424

19,879

186,710

248,523

770,536

DEPRECIATION

At 1 August 2024

-

7,182

86,423

166,856

260,461

Charge for year

-

1,334

21,887

31,531

54,752

Eliminated on disposal

-

-

(6,536

)

(76,342

)

(82,878

)

At 31 July 2025

-

8,516

101,774

122,045

232,335

NET BOOK VALUE

At 31 July 2025

315,424

11,363

84,936

126,478

538,201

At 31 July 2024

971,188

12,697

103,343

247,349

1,334,577

9.

STOCKS

2025

2024

£

£

Finished goods

1,925,897

3,369,800

10.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

446,188

1,667,111

Amounts owed by group undertakings

100

100

Other debtors

13,133,018

10,988,621

Prepayments and accrued income

27,416

19,065

13,606,722

12,674,897

11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,425,910

623,822

Amounts owed to group undertakings

125,350

45,384

Amounts owed to Related Parties

3,123,492

4,201,291

Tax

408,255

1,185,557

Social security and other taxes

5,119

5,220

VAT

59,669

506,039

Other creditors

-

58,638

Directors' current accounts

14,098

32,014

Accruals and deferred income

544,726

341,950

5,706,619

6,999,915

12.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

55,694

90,847

Deferred

tax

£

Balance at 1 August 2024

90,847

Provided during year

(35,153

)

Change in Deferred Tax rate

Balance at 31 July 2025

55,694

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

3,440,329

Ordinary

1

3,440,330

3,440,330

14.

RESERVES

Retained

earnings

£

At 1 August 2024

8,785,701

Profit for the year

1,390,884

Dividends

(240,000

)

At 31 July 2025

9,936,585