REGISTERED NUMBER: 03303981 (England and Wales)

Strategic Report, Report of the Director and

Financial Statements for the Year Ended 31 January 2026

for

Team C Express Logistics Ltd

Page

Company Information

1

Strategic Report

2

to

3

Report of the Director

4

to

5

Report of the Independent Auditors

6

to

9

Income Statement

10

Balance Sheet

11

Statement of Changes in Equity

12

Notes to the Financial Statements

13

to

21

DIRECTOR:

T P Clements

SECRETARY:

K I C Clements

REGISTERED OFFICE:

The Barn

11 Bury Road

Thetford

Norfolk

IP24 3PJ

BUSINESS ADDRESS:

Caxton Way

Thetford

Norfolk

IP24 3RY

REGISTERED NUMBER:

03303981 (England and Wales)

AUDITORS:

Knights Lowe Ltd

The Barn

11 Bury Road

Thetford

Norfolk

IP24 3PJ

BANKERS:

Barclays Bank plc

75 High Street

Brentwood

Essex

CM14 4RP

The director presents his strategic report for the year ended 31 January 2026.

REVIEW OF BUSINESS

The financial year ending 31st January 2026 was a continuation of the previous year, with continued growth across all areas of the business, particularly within the pallet sector.

In addition, the business has seen the return of several former customers during the year. This has largely been driven by declining service levels experienced with competitors, particularly due to an over-reliance on automated systems such as live chat and AI-driven support. Customers have demonstrated a clear preference for responsive, locally based customer service teams that provide direct and personalised support.

This shift in customer behaviour has reinforced the company's commitment to maintaining high service standards and strengthening its position as a trusted, service-led provider within the local market.

During the year, the APC parcel network in which the company is a shareholder underwent a change in ownership, with WS Holdco Limited acquiring a majority stake in The Alternative Parcels Company Ltd (APC). The directors consider this a positive development for the future of the network, with the introduction of the Stobart brand, its reputation for quality, and strong financial backing.

The company continues to maintain a strong focus on improving operational efficiencies in order to mitigate ongoing pressures from both internal and external factors. Internally, increases in the national minimum wage continue to drive rising labour costs, alongside ongoing cost inflation. Externally, pressures from fuel price increases, customers, suppliers, and both parcel and pallet networks have remained significant.

PRINCIPAL RISKS AND UNCERTAINTIES

The director has assessed the major risks facing the company. They are considered to be the normal commercial and operational risks associated with a business operating in the parcel and pallet delivery industry. The director considers that he and the management team are close enough to the market to be able to react quickly to changes and mitigate any impact on the company's performance.

KEY PERFORMANCE INDICATORS

The director considers the key performance indicators for the business are turnover, gross profit and pre-tax profit.

Turnover rose by 9.42% to £15.533m (2025 - £14.20m).

Gross profit increased by 8.06% to £3.22m (2025 - £2.98m)

Profit before tax decreased by 27.5% to £0.560m (2025 - £0.773m)

The company's gross profit percentage has remained consistent due to strong cost controls, weekly reviews of management accounts, coupled with operational efficiencies and vehicle utilisation.

FINANCIAL INSTRUMENTS

The financial instruments used by the company arise wholly and directly from its activities. The financial instruments comprise trade debtors, cash at bank and trade creditors. The company has put in place the following measures in order to manage financial risks arising from these financial instruments:

1. The company regularly monitors the level of debtors to ensure that they are kept at reasonable levels within a predetermined strict credit limit.

2. The company carefully manages its cash position by regularly monitoring its cash flow.

3. The company regularly monitors the trade balance and credit terms for all suppliers.

4. The company performs ongoing credit evaluation of its customers financial condition and has implemented policies to ensure credit checks on all potential customers carried out.

FUTURE DEVELOPMENT

The directors' plans for the forthcoming year are to maintain strong profit margins while ensuring customers continue to receive the highest levels of service.

With pricing pressures expected to persist, the company will continue to focus on building and strengthening relationships with its customer base. There is a clear and growing demand for reliable, locally delivered customer service, as opposed to automated or AI-led support models. This positions the business favourably as a provider that priorities accessibility, responsiveness, and personal service.

Maintaining this service-led approach, alongside ongoing efficiency improvements, will remain fundamental to sustaining growth and long-term success.

ON BEHALF OF THE BOARD:

K I C Clements - Secretary

14 May 2026

The director presents his report with the financial statements of the company for the year ended 31 January 2026.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of same day couriers, and next day parcel and pallet delivery services.

DIVIDENDS

An interim dividend was paid on 21 January 2026 of £123.31 per share.

The director does not recommend the payment of a final dividend.

The total distribution of dividends for the year ended 31 January 2026 will be £616,538.

DIRECTOR

T P Clements held office during the whole of the period from 1 February 2025 to the date of this 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.

AUDITORS

The auditors, Knights Lowe Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

K I C Clements - Secretary

14 May 2026

Opinion

We have audited the financial statements of Team C Express Logistics Ltd (the 'company') for the year ended 31 January 2026 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 January 2026 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 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 four, 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.

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 ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

- we identified the laws and regulations applicable to the company through discussions with the director and other management, and from our commercial knowledge and experience of the companies operating sector;

- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, 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 and inspecting legal correspondence; and

- 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 obtaining an understanding of 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;

- considering the internal controls 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 of 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 were indicative of potential bias;

- investigated the rationale behind significant or unusual 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;

- reading the minutes of meetings of those charged with governance;

- enquiring of management as to actual and potential litigation and claims;

- reviewing correspondence with HMRC, relevant regulators including the Environment Agency 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 other management and the 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.

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.

J Knights ACA BSc (Senior Statutory Auditor)

for and on behalf of Knights Lowe Ltd

The Barn

11 Bury Road

Thetford

Norfolk

IP24 3PJ

15 May 2026

TURNOVER

3

15,533,733

14,196,370

Cost of sales

12,312,043

11,214,884

GROSS PROFIT

3,221,690

2,981,486

Administrative expenses

3,200,424

2,205,791

OPERATING PROFIT

5

21,266

775,695

Profit/loss on sale of investments

6

523,465

-

544,731

775,695

Interest receivable and similar income

15,526

-

560,257

775,695

Interest payable and similar expenses

7

19

2,891

PROFIT BEFORE TAXATION

560,238

772,804

Tax on profit

8

140,281

204,069

PROFIT FOR THE FINANCIAL YEAR

419,957

568,735

FIXED ASSETS

Intangible assets

10

-

1

Tangible assets

11

105,310

173,275

Investments

12

59,364

73,182

164,674

246,458

CURRENT ASSETS

Debtors

13

2,833,797

3,557,670

Cash at bank and in hand

2,266,009

1,059,749

5,099,806

4,617,419

CREDITORS

Amounts falling due within one year

14

1,970,365

1,373,181

NET CURRENT ASSETS

3,129,441

3,244,238

TOTAL ASSETS LESS CURRENT LIABILITIES

3,294,115

3,490,696

CAPITAL AND RESERVES

Called up share capital

17

5,000

5,000

Retained earnings

3,289,115

3,485,696

SHAREHOLDERS' FUNDS

3,294,115

3,490,696

The financial statements were approved by the director and authorised for issue on 14 May 2026 and were signed by:

T P Clements - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 February 2024

5,000

3,616,961

3,621,961

Changes in equity

Dividends

-

(700,000

)

(700,000

)

Total comprehensive income

-

568,735

568,735

Balance at 31 January 2025

5,000

3,485,696

3,490,696

Changes in equity

Dividends

-

(616,538

)

(616,538

)

Total comprehensive income

-

419,957

419,957

Balance at 31 January 2026

5,000

3,289,115

3,294,115

1.	STATUTORY INFORMATION

Team C Express Logistics Ltd 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.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemption 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.

Turnover

Turnover represents net value of delivery services supplied, excluding value added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

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

Short leasehold

-

20% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other accounts receivable and payable, and loans from banks or other related parties. Debt instruments such as loans and other accounts receivable and payable, are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, such as the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, or in case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently, at the present value of the future payment discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

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.

Fixed asset investment

Fixed asset investments are stated at valuation based on the most recent available information of the company. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Impairment

At each reporting date, goodwill and other fixed assets, including tangible fixed assets and investments but excluding investment properties, are assessed to determine whether there is an indication that the carrying amount of an asset may be more than its recoverable amount and that the asset should be impaired. If there is an indication of possible impairment, the recoverable amount of an asset, which is the higher of its value in use and its net realisable value, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is written down to its estimated recoverable amount and an impairment loss is recognised in profit and loss.

3.

TURNOVER

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

An analysis of turnover by geographical market is given below:

2026

2025

£

£

United Kingdom

15,152,322

13,862,222

Europe

381,411

334,148

15,533,733

14,196,370

4.	EMPLOYEES AND DIRECTORS

2026

2025

£

£

Wages and salaries

4,162,402

3,019,129

Social security costs

466,311

336,676

Other pension costs

137,148

81,321

4,765,861

3,437,126

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

2026

2025

Total average number of employees

76

68

2026

2025

£

£

Director's remuneration

723,254

322,358

Director's pension contributions to money purchase schemes

10,000

10,000

Information regarding the highest paid director is as follows:

2026

2025

£

£

Emoluments etc

723,254

322,358

Pension contributions to money purchase schemes

10,000

10,000

5.	OPERATING PROFIT

The operating profit is stated after charging:

2026

2025

£

£

Hire of vehicles

1,034,473

798,074

Hire of fork lift truck

85,765

83,231

Depreciation - owned assets

60,258

66,578

Loss on disposal of fixed assets

7,355

-

6.	EXCEPTIONAL ITEMS

2026

2025

£

£

Profit/loss on sale of investments

523,465

-

7.

INTEREST PAYABLE AND SIMILAR EXPENSES

2026

2025

£

£

Other interest paid

19

2,891

8.

TAXATION

Analysis of the tax charge

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

2026

2025

£

£

Current tax:

UK corporation tax

157,616

208,852

Deferred tax

(17,335

)

(4,783

)

Tax on profit

140,281

204,069

UK corporation tax has been charged at 25% (2025 - 25%).

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:

2026

2025

£

£

Profit before tax

560,238

772,804

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2025 - 25%)

140,060

193,201

Effects of:

Depreciation in excess of capital allowances

15,205

13,903

Income/Expenses not deductible for tax purposes

(128,515

)

1,748

Deferred tax

(17,335

)

(4,783

)

Chargeable gains

130,866

-

Total tax charge

140,281

204,069

9.

DIVIDENDS

2026

2025

£

£

Ordinary shares of £1 each

Dividends paid

616,538

700,000

10.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 February 2025

6,605

Disposals

(6,605

)

At 31 January 2026

-

AMORTISATION

At 1 February 2025

6,604

Eliminated on disposal

(6,604

)

At 31 January 2026

-

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

1

11.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 February 2025

306,236

11,119

44,630

Additions

-

-

-

Disposals

(93,101

)

-

-

At 31 January 2026

213,135

11,119

44,630

DEPRECIATION

At 1 February 2025

190,633

7,958

25,143

Charge for year

39,239

790

4,872

Eliminated on disposal

(93,100

)

-

-

At 31 January 2026

136,772

8,748

30,015

NET BOOK VALUE

At 31 January 2026

76,363

2,371

14,615

At 31 January 2025

115,603

3,161

19,487

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 February 2025

19,800

130,819

512,604

Additions

-

1,650

1,650

Disposals

(19,800

)

(65,328

)

(178,229

)

At 31 January 2026

-

67,141

336,025

DEPRECIATION

At 1 February 2025

9,358

106,237

339,329

Charge for year

1,087

14,270

60,258

Eliminated on disposal

(10,445

)

(65,327

)

(168,872

)

At 31 January 2026

-

55,180

230,715

NET BOOK VALUE

At 31 January 2026

-

11,961

105,310

At 31 January 2025

10,442

24,582

173,275

12.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 February 2025

73,182

Additions

4,364

Disposals

(18,182

)

At 31 January 2026

59,364

NET BOOK VALUE

At 31 January 2026

59,364

At 31 January 2025

73,182

13.

DEBTORS

2026

2025

£

£

Amounts falling due within one year:

Trade debtors

2,087,594

2,098,786

Amounts owed by group undertakings

616,537

1,279,975

Staff loans

9,107

7,680

Corporation tax

64,884

-

Deferred tax asset

Accelerated capital allowances

17,335

-

Prepayments and accrued income

38,340

37,517

2,833,797

3,423,958