REGISTERED NUMBER: 03385357 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

PLASTIVALOIRE NORTHAMPTON LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Director

5

Report of the Independent Auditors

6

Statement of Comprehensive Income

9

Statement of Financial Position

10

Statement of Changes in Equity

11

Notes to the Financial Statements

12

DIRECTOR:

A Doutriaux

SECRETARY:

V Findeling

REGISTERED OFFICE:

3 North Portway Close

Round Spinney Industrial Estate

Northampton

Northamptonshire

NN3 8RE

REGISTERED NUMBER:

03385357 (England and Wales)

AUDITORS:

Shaw Gibbs (Audit) Limited

Chartered Certified Accountants

Statutory Auditor

Eagle House

28 Billing Road

Northampton

Northamptonshire

NN1 5AJ

SOLICITORS:

Tollers Solicitors

2 Castilian Street

Northampton

NN1 1JX

The director presents his strategic report for the year ended 30 September 2025.

REVIEW OF BUSINESS

The results for the year and financial position are shown in the annexed financial statements.

SAP ERP was successfully implemented during 2023/24 and is proving to be a useful operational tool for management and control purposes.

In November 2024, production of parts commenced for our new customer, BMW UK Manufacturing. We introduced 16 new injection tools, including 2k moulding technology, together with manual and semi-automated assembly and detection processes to manufacture interior trim parts for the Mini Cooper Convertible.

Focus has remained on maintaining customer relationships and business development opportunities. In 2024, nominations for new business were received from Lear and Forvia. Both are leading Tier 1 suppliers for Jaguar Land Rover. These projects will start mass production in August 2026, when the new Jaguar Type 00 is launched.

PVL Northampton has been successfully maintaining high safety and quality performance results and are ranked at the top level with all our main customers.

Our priority has continued to be on monitoring and improving operational performance. The team maintains significant focus on quality costs, stock management and maintenance costs. The latter have continued to be well managed with the focus on effective preventive maintenance actions.

Turnover, excluding customer funded tooling of £13.3m (2024: £14.3m) decreased by 6.7% when compared to the previous year.

The gross profit margin (excluding customer funded tooling) increased from 40% in 2024 to 43% in 2025. This has been primarily as a result of a reduction in the ratio of subcontracted parts purchased from Group Companies.

Exchange movements during 2025 resulted in a net adverse variance against the 2024 result of £683,000, mostly due to the impact of revaluing Group EURO balances. Other Administrative costs (excluding Group Fees and interest) reduced by 9% via efficiency initiatives, including layout changes that meant it was not necessary to renew the lease on the offsite warehouse/assembly facility.

During the year, the company invested £317,500 (2024: £372,500) in capital equipment.

The strategy for 2025/26 will continue to focus on maintaining strong levels of safety, customer quality and delivery. We will look to further improve production efficiencies with the assistance of data available in SAP.

The team remains stable, with high retention rates and valuable experience within key areas.

The Company is reliant on support from group and has the commitment from the wider group to support the strategic direction of Plastivaloire in the UK. The Director is confident that with this continued support, the Company is able to carry on as a going concern.

PRINCIPAL RISKS AND UNCERTAINTIES

Financial risk management objectives and policies

The company uses various financial instruments. These include cash and various items, such as trade debtors and trade creditors that arise directly from its operations. The main purpose of these financial instruments is to raise finance for the company's operations.

The existence of these financial instruments exposes the company to a number of financial risks, which are described in more detail below. In order to manage the company's exposure to those risks, in particular the company's exposure to currency risk, the company has bank accounts in the currencies that are most often used.

The main risks arising from the company's financial instruments are market risk, currency risk, liquidity risk, interest rate risk and credit risk. The director reviews and agrees policies for managing each of these risks and they are summarised below. These policies have remained unchanged from previous years.

Market risk

Market risk encompasses three types of risk, being currency risk, fair value interest rate risk and price risk. The company's policies for managing fair value interest rate risk are considered along with those for managing cash flow interest rate risk and are set out in the subsection entitled "Interest rate risk" below.

Currency risk

The company is exposed to translation and transaction foreign exchange risk. In relation to translation risk, as far as possible, the assets held in foreign currency are matched to an appropriate level of liabilities in the same currency.

Liquidity risk

The company seeks to manage financial risk by ensuring sufficient liquidity is available to meet foreseeable needs and to invest cash assets safely and profitably.

The company is funded via cash in hand, intra-group accounts and a loan from Credit Agricole. Short term flexibility is achieved by the availability of cash reserves at the bank.

Interest rate risk

The company finances its operations through a mixture of retained profits and bank borrowings. The company's exposure to interest rate fluctuation is minimal.

Trade debtors and creditors do not attract interest and are therefore subject to fair value interest rate risk. However, this risk is considered to be minimal.

Credit risk

The company's principal financial assets are cash and trade debtors. The credit risk associated with cash is limited as the counterparties have high credit ratings assigned by international credit-rating agencies. The principal credit risk arises, therefore, from its trade debtors.

In order to manage credit risk the company sets limits for customers based on a combination of payment history and third party credit references. Credit limits are reviewed by the finance manager on a regular basis in conjunction with debt ageing and collection history.

FINANCIAL KEY PERFORMANCE INDICATORS

The company's key performance indicators are turnover, gross profit margin and profit before tax. These KPI's are analysed within the business review above.

SIGNED BY ORDER OF THE DIRECTORS:

A Doutriaux - Director

7 May 2026

The director presents his 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 the design, manufacture and supply of high quality decorative trims and components for the automotive industry.

DIVIDENDS

No dividends will be distributed for the year ended 30 September 2025.

DIRECTOR

A Doutriaux held office during the whole of the period from 1 October 2024 to the date of this report.

DISCLOSURE IN THE STRATEGIC REPORT

The future developments of the company and financial instruments are addressed in the Strategic Report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. 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 of 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 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 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 him 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 director is 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 he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

SIGNED BY ORDER OF THE DIRECTORS:

A Doutriaux - Director

7 May 2026

Opinion

We have audited the financial statements of Plastivaloire Northampton Limited (the 'company') for the year ended 30 September 2025 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 30 September 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 director's 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 director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, 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 Director 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 Director 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 Director.

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 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 director

As explained more fully in the Statement of Director's Responsibilities set out on page five, the director is 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 director determines 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 director is 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 director either intends to liquidate the company or to cease operations, or has 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 considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following areas: timing of recognition of commercial income, posting of unusual journals along with complex transactions and manipulating the Company’s key performance indicators to meet targets. We discussed these risks with client management, designed audit procedures to test the timing of commercial revenue, tested a sample of journals to confirm they were appropriate and reviewed areas of judgement for indicators of management bias to address these risks.

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.

Andrew Clifford (Senior Statutory Auditor)

for and on behalf of Shaw Gibbs (Audit) Limited

Chartered Certified Accountants

Statutory Auditor

Eagle House

28 Billing Road

Northampton

Northamptonshire

NN1 5AJ

11 May 2026

TURNOVER

3

13,436,331

14,444,696

Cost of sales

7,672,787

8,727,917

GROSS PROFIT

5,763,544

5,716,779

Distribution costs

91,801

80,477

Administrative expenses

6,150,441

5,258,741

6,242,242

5,339,218

(478,698

)

377,561

Other operating income

160,968

-

OPERATING (LOSS)/PROFIT

5

(317,730

)

377,561

Interest payable and similar expenses

7

216,119

287,199

(LOSS)/PROFIT BEFORE TAXATION

(533,849

)

90,362

Tax on (loss)/profit

8

-

-

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(533,849

)

90,362

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(533,849

)

90,362

FIXED ASSETS

Tangible assets

9

1,641,367

1,693,898

CURRENT ASSETS

Stocks

10

1,428,847

1,339,808

Debtors

11

2,389,466

2,774,825

Cash at bank and in hand

1,302,039

1,480,256

5,120,352

5,594,889

CREDITORS

Amounts falling due within one year

12

13,038,621

13,031,840

NET CURRENT LIABILITIES

(7,918,269

)

(7,436,951

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,276,902

)

(5,743,053

)

CAPITAL AND RESERVES

Called up share capital

15

3,436,404

3,436,404

Retained earnings

16

(9,713,306

)

(9,179,457

)

SHAREHOLDERS' FUNDS

(6,276,902

)

(5,743,053

)

The financial statements were approved by the director and authorised for issue on 7 May 2026 and were signed by:

A Doutriaux - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 October 2023

3,436,404

(9,269,819

)

(5,833,415

)

Changes in equity

Total comprehensive income

-

90,362

90,362

Balance at 30 September 2024

3,436,404

(9,179,457

)

(5,743,053

)

Changes in equity

Total comprehensive income

-

(533,849

)

(533,849

)

Balance at 30 September 2025

3,436,404

(9,713,306

)

(6,276,902

)

1.	STATUTORY INFORMATION

Plastivaloire Northampton 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.

Going concern

The company's business and activities, together with the factors likely to affect its future cash position are set out in the Strategic report. The financial position of the company, it's cash flows, liquidity position and borrowing facilities are also disclosed throughout the financial statements.

The company is currently trading within its available facilities but the director acknowledges its continued dependence on the loan facility from its parent undertaking in order to continue trading. It is the view of the director that the trading position of the parent will not lead to the demand of intra-group loans to be repaid and they are of the belief that future trading prospects are sound.

Based on these discussions and consideration of the projected trading results of the company, the director is of the opinion that the company will have adequate resources to continue in operational existence for the foreseeable future. For this reason the company continues to adopt the going concern basis in preparing the financial statements, therefore these financial statements do not include any adjustments that would arise if the going concern basis of preparation was not considered appropriate.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows;

•

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

•

the requirement of paragraph 33.7.

Significant judgements and estimates

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies below.

Turnover

The turnover shown in the profit and loss account represents amounts recognised as the risks and rewards of ownership of sale are transferred, which is deemed to be at the point of despatch to the customer.

Revenue in relation to tooling stock is matched against cost incurred to create the tooling. Revenue is calculated on the basis of costs incurred to date and expected costs to complete the asset. Where tooling development work has been substantially completed in the year but invoiced after the year end, the relevant profit is recognised during the year provided that the projected profit for the assignment is greater than that for the development work.

Tangible fixed assets

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

Freehold property

-

2.5% - 20% on cost

Plant and machinery

-

10% - 20% on cost

Fixtures and fittings

-

10% - 20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

Fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Where parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items of property, plant and equipment.

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The director is required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The director considers that the individual carrying values of assets are supportable by their value in use.

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 statement of financial position 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

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

Financial instruments

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

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

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

3.

TURNOVER

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

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

2025

2024

£

£

Sale of goods

13,436,331

14,444,696

13,436,331

14,444,696

An analysis of turnover by geographical market is given below:

2025

2024

£

£

United Kingdom

13,325,184

14,330,744

Europe

111,147

113,952

13,436,331

14,444,696

4.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

3,413,369

3,622,604

Social security costs

392,374

362,659

Other pension costs

131,238

144,072

3,936,981

4,129,335

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

2025

2024

Production staff

78

85

Administration staff

22

23

100

108

2025

2024

£

£

Directors' remuneration

-

-

5.	OPERATING (LOSS)/PROFIT

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

2025

2024

£

£

Other operating leases

279,926

404,874

Depreciation - owned assets

370,006

408,008

Profit on disposal of fixed assets

-

(10,239

)

Auditors' remuneration

23,700

21,500

Foreign exchange differences

418,554

(264,089

)

6.	EXCEPTIONAL ITEMS

2025

2024

£

£

Repairs for fire damage

-

(865,314

)

Insurance proceeds for fire

damage

-

865,314

The company suffered a fire at its main manufacturing premises during the prior year. The costs of repair were covered by insurance as stated above.

7.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Other interest payable

51,345

85,751

Group interest payable

164,774

201,448

216,119

287,199

8.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose for the year ended 30 September 2025 nor for the year ended 30 September 2024.

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2025

2024

£

£

(Loss)/profit before tax

(533,849

)

90,362

(Loss)/profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 19%)

(133,462

)

17,169

Effects of:

Expenses not deductible for tax purposes

183

413

Capital allowances in excess of depreciation

(16,418

)

(17,308

)

Utilisation of tax losses

(1,590

)

(274

)

Unrelieved tax losses

151,287

-

Total tax charge

-

-

Factors that may affect future tax charges

There is no tax charge in the year given the trading losses brought forward.

The company has unrelieved tax losses and other timing differences of approximately £15.2m (2024: £14.6m) available to offset against future trading profits. These amounts have not been recognised as a deferred tax asset at the balance sheet date.

9.	TANGIBLE FIXED ASSETS

Freehold

Assets in

Plant and

property

progress

machinery

£

£

£

COST

At 1 October 2024

2,329,171

7,100

5,790,055

Additions

-

-

310,014

Disposals

(8,880

)

-

(141,789

)

Reclassification/transfer

-

(7,100

)

7,100

At 30 September 2025

2,320,291

-

5,965,380

DEPRECIATION

At 1 October 2024

1,717,732

-

5,122,407

Charge for year

58,366

-

230,628

Eliminated on disposal

(8,880

)

-

(141,789

)

At 30 September 2025

1,767,218

-

5,211,246

NET BOOK VALUE

At 30 September 2025

553,073

-

754,134

At 30 September 2024

611,439

7,100

667,648

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 October 2024

1,155,216

50,785

185,830

9,518,157

Additions

7,461

-

-

317,475

Disposals

(173,309

)

-

(14,614

)

(338,592

)

Reclassification/transfer

-

-

-

-

At 30 September 2025

989,368

50,785

171,216

9,497,040

DEPRECIATION

At 1 October 2024

810,460

50,785

122,875

7,824,259

Charge for year

69,335

-

11,677

370,006

Eliminated on disposal

(173,309

)

-

(14,614

)

(338,592

)

At 30 September 2025

706,486

50,785

119,938

7,855,673

NET BOOK VALUE

At 30 September 2025

282,882

-

51,278

1,641,367

At 30 September 2024

344,756

-

62,955

1,693,898

10.

STOCKS

2025

2024

£

£

Raw materials

914,194

853,575

Work-in-progress

292,308

298,268

Finished goods

222,345

187,965

1,428,847

1,339,808

11.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,644,361

1,720,130

Other debtors

-

215,181

Prepayments and accrued income

745,105

839,514

2,389,466

2,774,825