REGISTERED NUMBER: 09531457 (England and Wales)

Buoyant Group 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

6

Statement of Comprehensive Income

10

Balance Sheet

11

Statement of Changes in Equity

12

Cash Flow Statement

13

Notes to the Cash Flow Statement

14

Notes to the Financial Statements

15

DIRECTORS:

S L Addy

S D Addy

REGISTERED OFFICE:

4 Mandale

South Street

Keighley

West Yorkshire

BD21 1DB

REGISTERED NUMBER:

09531457 (England and Wales)

AUDITORS:

Walkers Accountants Limited

Statutory Auditor and Chartered Accountants

Aireside House

Aireside Business Centre

Royd Ings Avenue

Keighley

West Yorkshire

BD21 4BZ

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

REVIEW OF BUSINESS

The principal activity of the company during the year was rental of carpets, vinyl and laminate flooring, blinds and retail of furniture, appliances, electronics and sofas.

The company continues to trade from its registered office in Keighley along with several regional offices throughout the UK.

During the year, turnover decreased by approximately 5% due to a downturn in the wider market. Gross profit margin also fell by around 3%, primarily as a result of a change in the mix of products sold during the year.

During the year significant cost savings were identified and executed . Our Middlesbrough depot was closed and the operations absorbed into our main distribution centre in Bradford. We also reverted back to buying in sofas which allowed us to close our manufacturing facility. These steps have helped us mitigate the impact of the challenging wider economic climate. These actions have allowed the company to significantly reduce its fixed overheads and are expected to result in a positive cost effect in future years. Further cost savings have also been identified and are in the process of being executed. The company is in a strong position with constant positive cash flow.

PRINCIPAL RISKS AND UNCERTAINTIES

The business aims to maintain sufficient trade and cash to be able to meet its working capital requirements, capital commitments and liabilities as they fall due.

Economic risk

The company receives a substantial amount of its turnover from customers renting domestic flooring products. A fall in activity within this sector would impact on the turnover of the company. In addition to this downturn, the constantly evolving social media landscape is making our traditional marketing channels more costly and less effective.

In response, we are being extremely proactive. We are actively exploring new opportunities to leverage emerging social media platforms and trends, alongside improving our remarketing efforts to our extensive existing customer database.

Credit Risk

Goods are only installed after a series of regular, scheduled payments have been successfully made. Consistent, timely receipt of these initial payments is taken by the company as an indication that the customer is likely to maintain future regular payments.

Liquidity

The business continues to meet its liabilities as and when they fall due. The business reviews all cash flow requirements on weekly basis.

FUTURE DEVELOPMENTS

Further cost reductions have been taken. Cashflow has been positive post year end and we are optimistic about the future.

KEY FINANCIAL PERFORMANCE INDICATORS

The key performance indicators are

Year ended 31 July 2025

Year ended 31 July 2024

Turnover

11,229,490

11,862,384

Gross profit margin

53%

59%

Profit / (Loss) before tax

(374,610)

398,371

Shareholder funds

2,068,313

2,599,453

ON BEHALF OF THE BOARD:

S D Addy - Director

29 April 2026

The directors present their report with the financial statements of the company for the year ended 31 July 2025.

DIVIDENDS

The total distribution of dividends for the year ended 31 July 2025 will be £ 245,000 .

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS

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

S L Addy

S D Addy

FINANCIAL INSTRUMENTS

The company's principal financial instruments comprise bank balances, trade debtors and trade creditors.

GOING CONCERN

After reviewing budgets and forecasts the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

DISCLOSURE IN THE STRATEGIC REPORT

The Business Review, Key Performance Indicators, Future Developments and Principal Risks and Uncertainties statements are disclosed within the Strategic 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, Walkers Accountants Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

S D Addy - Director

29 April 2026

Opinion

We have audited the financial statements of Buoyant Group Limited (the 'company') for the year ended 31 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 31 July 2025 and of its loss 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. Based on our understanding of the company and its industry, we considered that non-compliance with the following laws and regulations might have a material effect on the financial statements: employment regulation, health and safety regulation, anti-money laundering regulation.

To help us identify instances of non-compliance with these laws and regulations, and in identifying and assessing the risks of material misstatement in respect to non-compliance, our procedures included, but were not limited to:

- Inquiring of management and, where appropriate, those charged with governance, as to whether the company is in compliance with laws and regulations, and discussing their policies and procedures regarding compliance with laws and regulations;

- Inspecting correspondence, if any, with relevant licensing or regulatory authorities;

- Communicating identified laws and regulations to the engagement team and remaining alert to any indications of non-compliance throughout our audit; and

- Considering the risk of acts by the company which were contrary to applicable laws and regulations, including fraud.

We also considered those laws and regulations that have a direct effect on the preparation of the financial statements, such as tax legislation and the Companies Act 2006.

In addition, we evaluated the directors' and management incentives and opportunities for fraudulent manipulation of the financial statements, including the risk of override of controls, and determined that the principal risks related to posting manual journal entries to manipulate financial performance, management bias through judgements and assumptions in significant accounting estimates, revenue recognition (which we pinpointed to the cut off assertion), and significant one-off or unusual transactions.

Our audit procedures in relation to fraud included but were not limited to:

- Making enquiries of the directors and management on whether they had knowledge of any actual, suspected or alleged fraud;

- Gaining an understanding of the internal controls established to mitigate risks related to fraud;

- Discussing amongst the engagement team the risks of fraud; and

- Addressing the risks of fraud through management override of controls by performing journal entry testing.

There are inherent limitations in the audit procedures described above and the primary responsibility for the prevention and detection of irregularities including fraud rests with management. As with any audit, there remained a risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal controls.

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.

Donna Walker (Senior Statutory Auditor)

for and on behalf of Walkers Accountants Limited

Statutory Auditor and Chartered Accountants

Aireside House

Aireside Business Centre

Royd Ings Avenue

Keighley

West Yorkshire

BD21 4BZ

29 April 2026

TURNOVER

4

11,229,490

11,862,384

Cost of sales

(5,298,591

)

(4,828,475

)

GROSS PROFIT

5,930,899

7,033,909

Distribution costs

(235,265

)

(222,654

)

Administrative expenses

(6,054,577

)

(6,392,129

)

(358,943

)

419,126

Other operating income

2,574

3,103

OPERATING (LOSS)/PROFIT

6

(356,369

)

422,229

Interest payable and similar expenses

7

(18,241

)

(23,858

)

(LOSS)/PROFIT BEFORE TAXATION

(374,610

)

398,371

Tax on (loss)/profit

8

88,470

(104,394

)

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(286,140

)

293,977

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(286,140

)

293,977

FIXED ASSETS

Tangible assets

10

802,068

1,050,347

CURRENT ASSETS

Stocks

11

587,992

920,422

Debtors

12

4,065,882

5,509,928

Cash at bank and in hand

183,435

80,515

4,837,309

6,510,865

CREDITORS

Amounts falling due within one year

13

(3,468,203

)

(4,654,423

)

NET CURRENT ASSETS

1,369,106

1,856,442

TOTAL ASSETS LESS CURRENT LIABILITIES

2,171,174

2,906,789

CREDITORS

Amounts falling due after more than one year

14

(17,551

)

(164,743

)

PROVISIONS FOR LIABILITIES

19

(85,310

)

(142,593

)

NET ASSETS

2,068,313

2,599,453

CAPITAL AND RESERVES

Called up share capital

20

2

2

Retained earnings

21

2,068,311

2,599,451

SHAREHOLDERS' FUNDS

2,068,313

2,599,453

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:

S D Addy - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 August 2023

2

2,582,474

2,582,476

Changes in equity

Dividends

-

(277,000

)

(277,000

)

Total comprehensive income

-

293,977

293,977

Balance at 31 July 2024

2

2,599,451

2,599,453

Changes in equity

Dividends

-

(245,000

)

(245,000

)

Total comprehensive income

-

(286,140

)

(286,140

)

Balance at 31 July 2025

2

2,068,311

2,068,313

Cash flows from operating activities

Cash generated from operations

1

441,423

343,184

Interest paid

(11,018

)

(11,434

)

Interest element of hire purchase payments paid

(7,223

)

(12,424

)

Tax paid

(112,582

)

-

Net cash from operating activities

310,600

319,326

Cash flows from investing activities

Purchase of tangible fixed assets

-

(36,072

)

Sale of tangible fixed assets

116,811

33,793

Net cash from investing activities

116,811

(2,279

)

Cash flows from financing activities

Loan repayments in year

(96,648

)

(97,716

)

Capital repayments in year

(69,190

)

(98,584

)

Amount introduced by directors

120,419

117,010

Amount withdrawn by directors

(279,072

)

(399,963

)

Net cash from financing activities

(324,491

)

(479,253

)

Increase/(decrease) in cash and cash equivalents

102,920

(162,206

)

Cash and cash equivalents at beginning of year

2

80,515

242,721

Cash and cash equivalents at end of year

2

183,435

80,515

1.	RECONCILIATION OF (LOSS)/PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

31.7.25

31.7.24

£

£

(Loss)/profit before taxation

(374,610

)

398,371

Depreciation charges

112,084

173,824

Loss on disposal of fixed assets

19,384

24,543

Finance costs

18,241

23,858

(224,901

)

620,596

Decrease/(increase) in stocks

332,430

(45,779

)

Decrease/(increase) in trade and other debtors

1,475,233

(171,739

)

Decrease in trade and other creditors

(1,141,339

)

(59,894

)

Cash generated from operations

441,423

343,184

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 31 July 2025

31.7.25

1.8.24

£

£

Cash and cash equivalents

183,435

80,515

Year ended 31 July 2024

31.7.24

1.8.23

£

£

Cash and cash equivalents

80,515

242,721

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1.8.24

Cash flow

At 31.7.25

£

£

£

Net cash

Cash at bank and in hand

80,515

102,920

183,435

80,515

102,920

183,435

Debt

Finance leases

(125,708

)

69,190

(56,518

)

Debts falling due within 1 year

(94,661

)

(3,020

)

(97,681

)

Debts falling due after 1 year

(108,225

)

99,668

(8,557

)

(328,594

)

165,838

(162,756

)

Total

(248,079

)

268,758

20,679

1.	GENERAL INFORMATION

Buoyant Group 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.

Revenue recognition

Turnover represents the total contract value of the agreements entered into and delivered to the customer during the year. Ownership is transferred to the customer on delivery when revenue can be reliably measured and is expected that economic benefit will flow to the company regardless of when payment is made. Revenue is measured at fair value of consideration received or receivable and excludes taxes.

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.

Freehold property

-

2% on cost

Improvements to property

-

10% on reducing balance

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

Straight line over 3 years

All tangible fixed assets are at cost less accumulated depreciation. Cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Assets held under finance lease are depreciated in the same manner as owned assets.

Renewals, repairs and maintenance are charged to profit and loss during the period in which they are incurred.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using a mixture of methods. The depreciation bases are as detailed above.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are credited or charged to the income statement.

Impairment of fixed assets

At each balance sheet date, the Company reviews the carrying amounts of its property, plant and equipment to determine whether there is any indication that any items of property, plant and equipment have suffered an impairment loss. If any such indications exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less that its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Where an impairment loss subsequently reserves, the carrying amount of the asset is increased to the revised estimate of its recoverable amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in the prior years. A reversal of an impairment loss is recognised as income immediately.

Stocks

Stocks are measured at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value is the price at which stocks can be sold in the normal course of business after allowing for costs of realisation. Provision is made where necessary for obsolete, slow moving, and defective stocks.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. Impairment loss is recognised immediately in the profit and loss.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of the financial assets and liabilities like trade and other accounts receivable and payable, loan from bank and investments in non puttable ordinary shares.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction cost and are subsequently carried at amortised cost using the effective interest rate method unless the arrangement constitutes a financing transaction, where the transaction is measured at present value of the future receipts discounted at the market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimate future cash flows have been affected. If an assets is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the profit and loss.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and other loans, are recognised at transaction price unless the arrange constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Leases

Leases are classified as finance lease whenever the terms of the lease transfers substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance lease are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. the related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the profit and loss account so as to produce a constant rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the terms of the relevant lease except where another more systematic basis is more representative of the time pattern in which the economic benefits from the leased assets are consumed.

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.

Trade debtors

The trade debtors are measured at the present value of the cash flows receivable discounted at the market rate of interest for a similar receivable. Trade receivables where no payment received within 90 days following the year end, are provided for in full.

Cash at bank and in hand

Cash at bank and in hand are basic financial assets and are include cash in hand, deposits held at call within banks and other short term liquid investment with a original maturities of three months or less.

Going concern

The financial statements have been prepared on the going concern basis which assumes that the company will continue in operation for at least 12 months from the date of approval of these financial statements.

In reaching their conclusion, the directors have considered cashflows together with post year end management accounts and forecast covering a period of at least 12 months.

After consideration of all factors, the directors continue to adopt the going concern basis in preparing the financial statements.

3.	CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

The preparation of these financial statements requires management to make judgements, estimates and assumptions that affect the applications of policies and the reported amounts of assets and liabilities, income and expenses.

Judgements and estimates are continually evaluated and are based on historical experiences and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results.

Estimation Uncertainty

Information about estimates and assumptions that have the most significant effect on recognition and measurement of assets, liabilities, income and expenses is provided below.

- Useful lives of depreciable assets

Management reviews its estimates of the useful lives of depreciable assets at each reporting date, based on the expected utility of assets. Uncertainties in these estimates relate to mechanical and technological obsolescence that may change the utility of certain plant and equipment.

- Provision for bad debts

Management reviews its estimates of bad debts before completion of the final accounts based on the expected recoverability of the debtors at that point in time. Uncertainties in these estimates relate to the economic and consumer trends.

- Provision for deferred income

Management reviews its estimates of deferred income at each reporting date based items not delivered since order date. Uncertainties in these estimates relate to orders where no fitting date has been entered.

4.

TURNOVER

The turnover and loss (2024 - profit) before taxation are attributable to the principal activities of the company.

An analysis of turnover by geographical market is given below:

31.7.25

31.7.24

£

£

United Kingdom

11,229,490

11,862,384

11,229,490

11,862,384

5.	EMPLOYEES AND DIRECTORS

31.7.25

31.7.24

£

£

Wages and salaries

2,056,161

2,601,436

Social security costs

212,753

237,301

Other pension costs

44,508

58,289

2,313,422

2,897,026

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

31.7.25

31.7.24

Sales & Administration

72

97