REGISTERED NUMBER: 08237689 (England and Wales)

Group Strategic Report,

Report of the Directors and

Consolidated Financial Statements

For The Year Ended

31 December 2025

for

TROLEX GROUP LIMITED

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

4

Statement of Directors' Responsibilities

7

Report of the Independent Auditors

8

Consolidated Profit and Loss Account

12

Consolidated Other Comprehensive Income

13

Consolidated Balance Sheet

14

Company Balance Sheet

15

Consolidated Statement of Changes in Equity

16

Company Statement of Changes in Equity

17

Consolidated Cash Flow Statement

18

Notes to the Consolidated Cash Flow Statement

19

Notes to the Consolidated Financial Statements

20

DIRECTORS:

Mr L Pierce-Jones

Mr J Pierce-Jones

Mr G Pierce-Jones

SECRETARY:

REGISTERED OFFICE:

10a Newby Road

Hazel Grove

Stockport

Cheshire

SK7 5DY

REGISTERED NUMBER:

08237689 (England and Wales)

SENIOR STATUTORY AUDITOR:

Steven John Collings FCCA

AUDITORS:

Leavitt Walmsley Associates Limited

Chartered Certified Accountants and

Statutory Auditors

8 Eastway

Sale

Cheshire

M33 4DX

The directors present their strategic report of the company and the group for the year ended 31 December 2025.

REVIEW OF BUSINESS

Trolex Group Ltd was established to act as a holding (non-trading) company for the shares of Trolex Limited.

The trading subsidiary, Trolex Limited, delivers best in class safety technology to ensure workers in challenging environments are never put at risk. It is a leading designer and manufacturer of innovative products for gas and dust detection and connector solutions in the hazardous industrial, mining and tunnelling markets.

Throughout 2025, the group continued to face challenges from an increased cost base due to inflation. These issues softened during the year but they do still present challenges, specifically in terms of higher costs and minimum order requirements being enforced.

The group has a number of key projects underway with the development of patented, world first technologies as well as improvement in existing technologies that will allow the company to diversify and grow. This will increase the company's competitive advantage in years to come.

These developments and improvement projects continue to place the group in a much stronger position for visibility and diversity in future years.

Financial review

Group turnover for the year ended 31 December 2025 amounted to £7.6m (2024: £9.9m). This reduced level of turnover has contributed to a slight increase in gross margin of 2.5% but a reduced operating profit amounting to £266k (2024: £929k).

Trolex Group Ltd (as an individual parent) did not receive a dividend in the year. Hence, Trolex Group's individual balance sheet reports net assets of £64k (2024: £76k).

The directors believe it is important to adapt to economic, environmental and political changes through continuous improvement in business processes in order to reduce costs and create efficiencies but without jeopardising the quality, performance and delivery of the goods manufactured.

PRINCIPAL RISKS AND UNCERTAINTIES

The group is forecast to continue to improve its financial performance during 2026. The directors are aware of the risks that the continued economic challenges, political unrest in Ukraine and the Middle East, and trading environment bring to the group. The directors meet on a regular basis with other members of the senior management team where the risks and uncertainties facing the group are discussed and appropriate actions taken to mitigate any impact on the group's performance.

Foreign currency risk

The group operates from the United Kingdom, but its customers are located not only in the UK, but in other jurisdictions, such as in Europe, Asia and Australia. This requires the group to operate in GBP, Dollars and Euros. The group mitigates foreign currency risk by holding an appropriate level of funds in a currency-denoted account. The group does not undertaking hedging in respect of foreign currency.

Legislative and regulatory risks

The group supplies products in an industry that is subject to significant health and safety and environmental regulation. Failure to comply with laws and regulations could lead to a loss of reputation, revenues, or the ability to sell products in some countries. To mitigate this risk, the directors continuously invest in development of the group's product range, invest in staff raining and implement changes in laws and regulations and action improvements in processes and controls.

KEY PERFORMANCE INDICATORS

The directors believe that the key performance indicators (KPIs) outlined below provide an overview as to how the group is performing against principal key objectives to enable it to achieve the directors' long-term strategic vision. The KPIs encompass business performance as well as financial indicators taking consideration of the interests of all stakeholders:

Financial KPIs as a group

Turnover

£7.6m (2024: £9.9m)

Gross profit

£3.8m (2024: £5.2m)

Operating profit

£266k (2024: £929k)

Free cash flow

£1.6m (2024: £1.4m)

Total equity

£5.4m (2024: £5.2.m)

Financial KPIs as a company

Total dividend income

£nil (2024: £nil)

Total net assets

£64k (2024: £76k)

Non-financial KPIs as a group

The directors believe that the non-financial KPIs of the group are significant to understanding the group's performance:

Employee headcount: 76 (2024: 80)

There are no non-financial KPIs as a standalone company due to its non-trading status.

ON BEHALF OF THE BOARD:

Mr G Pierce-Jones - Director

28 April 2026

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

DIVIDENDS

No dividends will be distributed for the year ended 31 December 2025.

RESEARCH AND DEVELOPMENT

The group continuously undertakes research and development activities to improve and develop its products. The company continuously attempts new processes and developing innovating new solutions. Our research projects look at how our processes can be continuously improved for the benefit of the group's customer base. Our continuing investment will further enhance this understanding.

FUTURE DEVELOPMENTS

The directors will continue to pursue a strategy of developing the group's product offerings as well as seeking new opportunities to increase revenue and margins.

2026 will see a continuation of improving the risk profile of the business, with continued focus on investment in innovative design and production. The group has sufficient amounts of cash resources available to enable it the capacity to invest in the latest technology to enable the directors' strategy for growth to be implemented.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

Mr L Pierce-Jones

Mr J Pierce-Jones

Mr G Pierce-Jones

FINANCIAL INSTRUMENTS

The group's financial instruments comprise:

Financial assets

- Cash balances

- Trade and sundry debtors

Financial liabilities

- Trade and other creditors

- Bank loans

- Finance leases

- Accruals

The individual company's financial instrument comprise:

Financial assets

- Sundry debtors

At group level, these financial instruments arise as a result of the normal operations of the business.

The main risks associated with these financial assets and financial liabilities are credit risk, liquidity risk and cash flow risks. The directors review and agree policies for managing each of these risks and these policies are described below. The policies are consistent with those from the prior year.

The group does not use derivative financial instruments.

Credit risk

The group's credit risk is primarily associated with trade debtors. The amounts presented in the consolidated balance sheet are net of allowances for doubtful debts, where applicable. A bad debt provision is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of cash flows. The directors monitor credit risk, but consider the group has minimal exposure.

Liquidity and cash flow risk

Liquidity and cash flow risk is the risk that an entity will encounter difficulty in meeting obligations associated with its financial liabilities. The directors mitigate liquidity and cash flow risk by managing working capital and, consequently, they continue to closely monitor the group's working capital requirements. Should the directors identify that the group requires additional working capital, they would look to secure and utilise short-term or long-term financing facilities from external sources.

GOING CONCERN

The directors have made enquiries and assessed the impact and risks of the geo-political situation in Ukraine and the Middle East as well as the current economic climate. The directors believe that the group is able to manage any risks that may present themselves and consider that the financial statements should be prepared on a going concern basis. This conclusion has been reached by the group having sufficient levels of working capital available to enable it to meet its liabilities and obligations as they fall due for a period of at least 12 months from the date of approval of these consolidated financial statements.

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 group'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 group's auditors are aware of that information.

AUDITORS

The auditors, Leavitt Walmsley Associates Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr G Pierce-Jones - Director

28 April 2026

The directors are responsible for preparing the Group 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Opinion

We have audited the financial statements of Trolex Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2025 which comprise the Consolidated Profit and Loss Account, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated 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 group's and of the parent company affairs as at 31 December 2025 and of the group's 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 group 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 group's and the parent 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 Group Strategic Report, the Report of the Directors and the Statement of Directors' Responsibilities, 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 Group 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 Group 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 group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company 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 seven, 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 group's and the parent 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 group or the parent 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:

We obtained an understanding of the legal and regulatory framework applicable to the group together with the industry in which it operates. We considered the risk of acts by the group which were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one from error, as fraud may involve deliberate concealment by (for example) forgery or intentional misrepresentations, or through collusion.

We focussed on laws and regulations which could give rise to a risk of material misstatement in the financial statements including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation, enquiries with management and reviews of correspondence, in particular correspondence from legal advisers. There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud.

As in all our audits, we addressed the risk of management override of internal controls, including testing journal entries and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

- Identify and assess the risk of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the group's internal control.

- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

- Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the group's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention to it in our Report of the Auditors; or, if such disclosures are inadequate, to modify our audit opinion. Our conclusions are based on the audit evidence obtained up to the date of our Report of the Auditors. However, future events or conditions may cause the group to cease to continue as a going concern.

- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

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.

Steven John Collings FCCA (Senior Statutory Auditor)

for and on behalf of Leavitt Walmsley Associates Limited

Chartered Certified Accountants and

Statutory Auditors

8 Eastway

Sale

Cheshire

M33 4DX

28 April 2026

TURNOVER

3

7,648,705

9,941,147

Cost of sales

3,816,962

4,745,162

GROSS PROFIT

3,831,743

5,195,985

Administrative expenses

3,745,168

4,266,168

86,575

929,817

Other operating income

179,922

(557

)

OPERATING PROFIT

5

266,497

929,260

Interest receivable and similar income

14,281

20,976

280,778

950,236

Interest payable and similar expenses

6

71,177

100,162

PROFIT BEFORE TAXATION

209,601

850,074

Tax on profit

7

27,037

36,204

PROFIT FOR THE FINANCIAL YEAR

182,564

813,870

Profit attributable to:

Owners of the parent

182,564

813,870

PROFIT FOR THE YEAR

182,564

813,870

OTHER COMPREHENSIVE INCOME

Scheme asset return less interest income

17,000

(139,000

)

Experience gains (losses)

(28,000

)

(37,000

)

Change in actuarial assumptions

40,000

102,000

Change in irrecoverable surplus

(29,000

)

74,000

Effect of share buyback

-

(258,285

)

Timing difference on revaluation reserve

8,909

5,279

Income tax relating to components of other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

8,909

(253,006

)

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

191,473

560,864

Total comprehensive income attributable to:

Owners of the parent

191,473

560,864

FIXED ASSETS

Intangible assets

9

1,537

2,029

Tangible assets

10

2,803,820

2,962,648

Investments

11

-

-

2,805,357

2,964,677

CURRENT ASSETS

Stocks

12

1,768,678

1,841,649

Debtors

13

960,647

1,266,653

Cash at bank and in hand

1,584,044

1,364,175

4,313,369

4,472,477

CREDITORS

Amounts falling due within one year

14

841,194

1,124,134

NET CURRENT ASSETS

3,472,175

3,348,343

TOTAL ASSETS LESS CURRENT LIABILITIES

6,277,532

6,313,020

CREDITORS

Amounts falling due after more than one year

15

(703,833

)

(876,893

)

PROVISIONS FOR LIABILITIES

19

(213,519

)

(267,420

)

NET ASSETS

5,360,180

5,168,707

CAPITAL AND RESERVES

Called up share capital

20

61,739

61,739

Revaluation reserve

21

539,982

531,073

Capital redemption reserve

21

9,880

9,880

Merger reserve

21

125,915

125,915

Retained earnings

21

4,622,664

4,440,100

SHAREHOLDERS' FUNDS

5,360,180

5,168,707

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 G Pierce-Jones - Director

FIXED ASSETS

Intangible assets

9

-

-

Tangible assets

10

-

-

Investments

11

64,209

64,209

64,209

64,209

CURRENT ASSETS

Debtors

13

-

11,715

NET CURRENT ASSETS

-

11,715

TOTAL ASSETS LESS CURRENT LIABILITIES

64,209

75,924

CAPITAL AND RESERVES

Called up share capital

20

61,739

61,739

Capital redemption reserve

21

9,880

9,880

Retained earnings

21

(7,410

)

4,305

SHAREHOLDERS' FUNDS

64,209

75,924

Company's loss for the financial year

(11,715

)

-

The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2026 and were signed on its behalf by:

Mr G Pierce-Jones - Director

Called up

share

Retained

Revaluation

capital

earnings

reserve

£

£

£

Balance at 1 January 2024

69,149

3,884,515

525,794

Changes in equity

Purchase of own shares

(7,410

)

-

-

Total comprehensive income

-

555,585

5,279

Balance at 31 December 2024

61,739

4,440,100

531,073

Changes in equity

Total comprehensive income

-

182,564

8,909

Balance at 31 December 2025

61,739

4,622,664

539,982

Capital

redemption

Merger

Total

reserve

reserve

equity

£

£

£

Balance at 1 January 2024

2,470

125,915

4,607,843

Changes in equity

Purchase of own shares

7,410

-

-

Total comprehensive income

-

-

560,864

Balance at 31 December 2024

9,880

125,915

5,168,707

Changes in equity

Total comprehensive income

-

-

191,473

Balance at 31 December 2025

9,880

125,915

5,360,180

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 January 2024

69,149

262,590

2,470

334,209

Changes in equity

Purchase of own shares

(7,410

)

-

7,410

-

Total comprehensive income

-

(258,285

)

-

(258,285

)

Balance at 31 December 2024

61,739

4,305

9,880

75,924

Changes in equity

Total comprehensive income

-

(11,715

)

-

(11,715

)

Balance at 31 December 2025

61,739

(7,410

)

9,880

64,209

Cash flows from operating activities

Cash generated from operations

1

491,538

807,517

Interest paid

(43,826

)

(64,083

)

Interest element of hire purchase payments paid

(27,351

)

(32,579

)

Tax paid

(3,985

)

(65,356

)

Net cash from operating activities

416,376

645,499

Cash flows from investing activities

Purchase of intangible fixed assets

-

(3,445

)

Purchase of tangible fixed assets

(54,740

)

(201,105

)

Sale of tangible fixed assets

1,228

-

Interest received

14,281

20,976

Net cash from investing activities

(39,231

)

(183,574

)

Cash flows from financing activities

New loans in year

-

845,000

Finance lease payments

(53,719

)

(74,867

)

Capital repayments in year

(103,557

)

(1,047,725

)

Share buyback

-

(258,285

)

Net cash from financing activities

(157,276

)

(535,877

)

Increase/(decrease) in cash and cash equivalents

219,869

(73,952

)

Cash and cash equivalents at beginning of year

2

1,364,175

1,438,127

Cash and cash equivalents at end of year

2

1,584,044

1,364,175

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

31.12.25

31.12.24

£

£

Profit before taxation

209,601

850,074

Depreciation charges

213,081

218,484

(Profit)/loss on disposal of fixed assets

(248

)

17,210

R&D tax credit receivable

(173,619

)

-

Exchange gain/loss

-

566

Effective interest rate adjustment

-

(5,813

)

Goodwill impairment

-

24,943

Finance costs

71,177

100,162

Finance income

(14,281

)

(20,976

)

305,711

1,184,650

Decrease in stocks

72,971

49,283

Decrease/(increase) in trade and other debtors

407,596

(68,076

)

Decrease in trade and other creditors

(294,740

)

(358,340

)

Cash generated from operations

491,538

807,517

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 December 2025

31.12.25

1.1.25

£

£

Cash and cash equivalents

1,584,044

1,364,175

Year ended 31 December 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

1,364,175

1,438,127

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.25

Cash flow

At 31.12.25

£

£

£

Net cash

Cash at bank and in hand

1,364,175

219,869

1,584,044

1,364,175

219,869

1,584,044

Debt

Finance leases

(259,537

)

53,719

(205,818

)

Debts falling due within 1 year

(99,897

)

(10,873

)

(110,770

)

Debts falling due after 1 year

(671,075

)

114,429

(556,646

)

(1,030,509

)

157,275

(873,234

)

Total

333,666

377,144

710,810