REGISTERED NUMBER: 05087285 (England and Wales)

DPS DISTRIBUTION LIMITED

Strategic Report,

Report of the Directors and

Audited Financial Statements

for the Year Ended 30 September 2025

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

5

Income Statement

9

Other 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:

Mr D P Smith

Mrs R Smith

REGISTERED OFFICE:

Octagon House Phoenix Business Park

John Nike Way

Bracknell

Berkshire

RG12 8TN

REGISTERED NUMBER:

05087285 (England and Wales)

AUDITORS:

Whitemoor Audit LLP

5th Floor

111 Charterhouse Street

London

EC1M 6AW

BUSINESS OVERVIEW

DPS Distribution Limited (the 'Company') is engaged in the online retail of furnishings and homeware. The Company is limited by shares, incorporated and domiciled in the United Kingdom, and was incorporated on 29th March 2004. The address of its registered office is Octagon House, Phoenix Business Park, John Nike Way, Bracknell, Berkshire, RG12 8TN.

The Company trades as Danetti, with a mission to inspire with stylish, modern and contemporary furniture and homeware. The brand represents design and function but also experiences, memories, families, comfort, the everyday and the unusual.

The Company sells its furniture and homeware products in the United Kingdom through its e-commerce platform and its showroom in Bracknell, Berkshire. The Company aims to create an easy, engaging and inspiring shopping experience for its customers.

The Group has continued to expand its product range to broaden its relationship with existing customers, and to provide appeal to attract new visitors to the brand.

The Company's business model is based on a flexible supply chain, high quality, responsibly made and sensibly priced products. The business model is capital light, through strong relationships with manufacturers, global shipping companies, warehousing and customer delivery providers. The Company is committed to continually improving the sustainability of its customer proposition.

PERFORMANCE HIGHLIGHTS

The year under review marks a significant turning point for the Company, following three years of challenging market conditions. Turnover increased by 21% to £12.9 million (2024: £10.7 million), driven by a renewed focus on product development and improved product availability. The Company returned to profitability, reporting a profit before tax of £159,792, reflecting enhanced gross margins and operational efficiencies. Overheads were tightly controlled, contributing to the improved financial outcome.

The trading environment showed signs of recovery, and the Company capitalised on this through a strengthened product range, efficient supply chain, and improved stock availability. Looking ahead, the Directors see further opportunities to enhance operational efficiency through continued investment in systems, supplier collaboration, and process optimization.

Key performance highlights are detailed below:

Unit

30 September 2025

30 September 2024

Turnover

£

12,920,481

10,714,320

Profit/(Loss) before tax

£

159,792

(777,847)

Equity shareholder's funds

£

98,089

132,705

Current assets as % of current liabilities

%

97%

102%

STRATEGIC OUTLOOK

The Company enters the new financial year with positive momentum, underpinned by:

1) A refined and compelling product range aligned with customer preferences.

2)Enhanced stock availability, supported by advanced inventory planning and ordering systems.

3)Ongoing improvements to the customer experience across all touchpoints.

4)Continued investment in software and data capabilities, for forecasting and demand management.

5)Strengthened relationships with overseas suppliers, resulting in improved supply chain efficiency and reduced lead times.

Disciplined cost management remains a priority, alongside targeted investments in growth initiatives that reinforce the brand and customer proposition.

Trading in the new financial year indicates sustained sales growth, reflecting robust customer engagement and operational execution. The Directors are confident in the Company's platform for sustainable and profitable growth.

PRINCIPAL RISKS AND UNCERTAINTIES

Brand risk

Awareness and engagement with the danetti.com brand are critical to attracting and retaining customers.

Any failure to evolve the product range, maintain quality, or deliver a strong customer experience could damage brand value.

The Company continues to invest in new product development and monitors customer feedback closely.

Cyber and data security risks

The Company continually reviews how it captures, stores and uses customer data to ensure it is protected to the highest standards.

Policies around data protection, IT security, password controls, firewalls, backups and antivirus measures remain in place and are regularly reviewed.

Insurance is in place to provide financial protection against cyber and data security risks.

Supplier risk

The Company relies on key suppliers, including overseas manufacturers and third party logistics providers.

The Company mitigates this risk by maintaining a diversified supplier base, developing strong working relationships, and monitoring supplier performance closely.

Macroeconomic risk

Consumer spending in the UK remains sensitive to interest rates, inflation, housing transactions and general economic confidence.

The Company maintains cost agility and undertakes regular scenario planning to ensure resilience.

Currency risk

The Company is exposed to currency fluctuations due to its use of international suppliers.

This risk is managed using forward foreign exchange contracts.

Liquidity risk

Liquidity risk arises from the need to manage working capital and meet financial obligations as they fall due.

The Company monitors its cash flow closely and reviews long term funding requirements in line with its strategic plan.

ON BEHALF OF THE BOARD:

Mr D P Smith - Director

27 April 2026

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of online retail of furnishings and homeware.

DIVIDENDS

The total distribution of dividends for the year ended 30 September 2025 will be £ 213,398 .

DIRECTORS

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

Mr D P Smith

Mrs R Smith

DISCLOSURE IN THE STRATEGIC REPORT

The company has chosen to set out in the Strategic Report information relating to financial instruments and future developments.

DIRECTORS' RESPONSIBILITIES STATEMENT

The director is responsible for preparing the strategic report, director's report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial period. Under that law the director has 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 director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the director is required to:

. select suitable accounting policies and then apply them consistently.

. make judgments 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 director is 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. He is 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.

ON BEHALF OF THE BOARD:

Mr D P Smith - Director

27 April 2026

Opinion

We have audited the financial statements of DPS Distribution Limited (the 'company') for the year ended 30 September 2025 which comprise the Income Statement, Other 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 September 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 in relation to which 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 director's 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 Directors' Responsibilities Statement 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 and engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

We obtained an understanding of the legal and regulatory frameworks that are applicable to the company and affect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation; we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management.

The identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including how fraud might occur, by:

- Making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of

actual, suspected and alleged fraud;

- And considering the measures 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 controls, we:

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

- Tested journal entries to identify unusual transactions

- Assessed whether judgements and assumptions made in determining the accounting estimates that were

indicative of potential bias.

- Performed substantive testing on management expenses and 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 available correspondence with HMRC and the company's legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance.

Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

Under ISA 240 (UK) there is a presumed risk that revenue may be misstated due to the improper recognition of revenue. To address this risk, we obtained an understanding of the company's revenue recognition policies and compared these to the accounting standard, performed a walkthrough to confirm our understanding of the processes and controls through which the business initiates, records, processes and reports revenue transactions. We tested a sample of revenue transactions to supporting evidence and tested, on a sample basis, revenue related balances in the balance sheet.

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.

Neal Brand (Senior Statutory Auditor)

for and on behalf of Whitemoor Audit LLP

5th Floor

111 Charterhouse Street

London

EC1M 6AW

28 April 2026

TURNOVER

12,920,481

10,714,320

Cost of sales

10,852,104

9,789,586

GROSS PROFIT

2,068,377

924,734

Administrative expenses

1,810,765

1,646,690

OPERATING PROFIT/(LOSS)

5

257,612

(721,956

)

Interest receivable and similar income

145,326

149,049

402,938

(572,907

)

Interest payable and similar expenses

6

243,146

204,940

PROFIT/(LOSS) BEFORE TAXATION

159,792

(777,847

)

Tax on profit/(loss)

7

(18,990

)

(27,452

)

PROFIT/(LOSS) FOR THE FINANCIAL YEAR

178,782

(750,395

)

PROFIT/(LOSS) FOR THE YEAR

178,782

(750,395

)

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

178,782

(750,395

)

FIXED ASSETS

Tangible assets

9

312,368

402,639

CURRENT ASSETS

Stocks

10

1,980,089

2,005,971

Debtors

11

3,224,804

2,898,274

Cash at bank

529,165

164,718

5,734,058

5,068,963

CREDITORS

Amounts falling due within one year

12

5,892,426

4,951,622

NET CURRENT (LIABILITIES)/ASSETS

(158,368

)

117,341

TOTAL ASSETS LESS CURRENT LIABILITIES

154,000

519,980

CREDITORS

Amounts falling due after more than one year

13

(177

)

(312,551

)

PROVISIONS FOR LIABILITIES

16

(55,733

)

(74,723

)

NET ASSETS

98,090

132,706

CAPITAL AND RESERVES

Called up share capital

17

1

1

Retained earnings

18

98,089

132,705

SHAREHOLDERS' FUNDS

98,090

132,706

The financial statements were approved by the Board of Directors and authorised for issue on 27 April 2026 and were signed on its behalf by:

Mr D P Smith - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 October 2023

1

883,100

883,101

Changes in equity

Total comprehensive income

-

(750,395

)

(750,395

)

Balance at 30 September 2024

1

132,705

132,706

Changes in equity

Dividends

-

(213,398

)

(213,398

)

Total comprehensive income

-

178,782

178,782

Balance at 30 September 2025

1

98,089

98,090

Cash flows from operating activities

Cash generated from operations

1

969,263

13,599

Interest paid

(243,146

)

(204,253

)

Interest element of hire purchase or finance lease rental payments paid

-

(687

)

Net cash from operating activities

726,117

(191,341

)

Cash flows from investing activities

Sale of tangible fixed assets

392

22,954

Interest received

145,326

149,049

Net cash from investing activities

145,718

172,003

Cash flows from financing activities

Loan repayments in year

(293,990

)

(149,411

)

Capital repayments in year

-

(36,101

)

Equity dividends paid

(213,398

)

-

Net cash from financing activities

(507,388

)

(185,512

)

Increase/(decrease) in cash and cash equivalents

364,447

(204,850

)

Cash and cash equivalents at beginning of year

2

164,718

369,568

Cash and cash equivalents at end of year

2

529,165

164,718

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

30.9.25

30.9.24

£

£

Operating profit/(loss)

257,612

(721,956

)

Depreciation charges

90,270

105,124

Profit on disposal of fixed assets

(392

)

(3,963

)

347,490

(620,795

)

Decrease in stocks

25,882

532,083

(Increase)/decrease in trade and other debtors

(326,530

)

573,630

Increase/(decrease) in trade and other creditors

922,421

(471,319

)

Cash generated from operations

969,263

13,599

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 September 2025

30.9.25

1.10.24

£

£

Cash and cash equivalents

529,165

164,718

Year ended 30 September 2024

30.9.24

1.10.23

£

£

Cash and cash equivalents

164,718

478,700

Bank overdrafts

-

(109,132

)

164,718

369,568

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1.10.24

Cash flow

At 30.9.25

£

£

£

Net cash

Cash at bank and in hand

164,718

364,447

529,165

164,718

364,447

529,165

Debt

Debts falling due within 1 year

(2,347,530

)

(18,383

)

(2,365,913

)

Debts falling due after 1 year

(312,551

)

312,374

(177

)

(2,660,081

)

293,991

(2,366,090

)

Total

(2,495,363

)

658,438

(1,836,925

)

1.	STATUTORY INFORMATION

DPS Distribution 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 Pound Sterling (£).

The financial statements are prepared to the nearest £ pound.

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

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and Value Added Tax.

Tangible fixed assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold Improvements - 10% straight line

Plant & Machinery - 10% straight line

Fixtures & Fittings - 20% straight line

Equipment - 25% straight line

Motor Vehicle - 20% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

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

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

Foreign currencies

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

Hire purchase and leasing commitments

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any indirect costs of the lease are added to the amount recognised as an asset.

Finance leases

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight line basis. The aggregate benefit of the lease incentives is recognised as a reduction to expense over the term of the lease on a straight line basis.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in the profit or loss in the period in which it arises.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of the financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in the profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4.	EMPLOYEES AND DIRECTORS

30.9.25

30.9.24

£

£

Wages and salaries

1,458,975

1,752,871

Social security costs

128,976

168,703

Other pension costs

27,306

33,150

1,615,257

1,954,724

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

30.9.25

30.9.24

Employees

37

44

30.9.25

30.9.24

£

£

Directors' remuneration

9,613

7,500

5.	OPERATING PROFIT/(LOSS)

The operating profit (2024 - operating loss) is stated after charging/(crediting):

30.9.25

30.9.24

£

£

Hire of plant and machinery

631

631

Depreciation - owned assets

90,271

105,124

Profit on disposal of fixed assets

(392

)

(3,963

)

Auditors' remuneration

25,400

25,400

Foreign exchange differences

1,656

(101,746

)

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

30.9.25

30.9.24

£

£

Bank loan interest

222,492

201,752

Bank interest

20,654

2,501

Hire purchase

-

687

243,146

204,940

7.

TAXATION

Analysis of the tax credit

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

30.9.25

30.9.24

£

£

Deferred tax

(18,990

)

(27,452

)

Tax on profit/(loss)

(18,990

)

(27,452

)

8.

DIVIDENDS

30.9.25

30.9.24

£

£

Interim

213,398

-

9.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 October 2024

143,096

340,352

145,726

102,022

731,196

Disposals

-

-

(1,030

)

-

(1,030

)

At 30 September 2025

143,096

340,352

144,696

102,022

730,166

DEPRECIATION

At 1 October 2024

39,351

103,403

102,505

83,298

328,557

Charge for year

14,309

34,035

23,203

18,724

90,271

Eliminated on disposal

-

-

(1,030

)

-

(1,030

)

At 30 September 2025

53,660

137,438

124,678

102,022

417,798

NET BOOK VALUE

At 30 September 2025

89,436

202,914

20,018

-

312,368

At 30 September 2024

103,745

236,949

43,221

18,724

402,639

10.

STOCKS

30.9.25

30.9.24

£

£

Stocks

1,980,089

2,005,971

11.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

503

12,274

Other debtors

2,916,141

2,520,532

VAT

-

31,345

Prepayments and accrued income

308,160

334,123

3,224,804

2,898,274