REGISTERED NUMBER: SC054565 (Scotland)

Strategic Report, Report of the Directors and

Financial Statements For The Year Ended 30 November 2025

for

A C Whyte & Co Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Statement of Comprehensive Income

8

Statement of Financial Position

9

Statement of Changes in Equity

10

Statement of Cash Flows

11

Notes to the Statement of Cash Flows

12

Notes to the Financial Statements

14

DIRECTORS:

R J Phin

J E McDonald

S C McNellis

REGISTERED OFFICE:

6 Bowerwalls Place

Crossmill Business Park

Barrhead

Glasgow

G78 1BF

REGISTERED NUMBER:

SC054565 (Scotland)

INDEPENDENT AUDITORS:

Robb Ferguson

Chartered Accountants & Statutory Auditors

Regent Court

70 West Regent Street

Glasgow

G2 2QZ

The directors present their strategic report for the year ended 30 November 2025.

REVIEW OF BUSINESS

The Company delivered a strong performance in 2025, building on the return to profitability achieved in the prior year. Revenue increased from £16,846,888 to £18,892,895, representing growth of 12.1% year on year. This reflects the successful execution of our strategic initiatives and continued strengthening of our commercial expertise.

Gross profit increased from 14.3% to 16.2%. This improvement demonstrates the benefits of disciplined contract selection, enhanced project delivery controls, strengthened supply chain management and continued focus on operational efficiency. The Board is particularly encouraged by the sustainability of these margin improvements across multiple projects.

Profit before taxation increased to 1.6%, demonstrating continued cost control and enhanced financial oversight. Investments made in leadership, financial management, and bidding capability in previous years are now delivering measurable returns.

Throughout the year, the Company has continued to prioritise high levels of customer satisfaction and employee engagement, recognising that these principles are fundamental drivers of long-term success. Our strengthened management structure has enhanced governance, commercial discipline, and operational accountability across the business.

Our strategic repositioning in recent years has further strengthened our market presence. We also developed key services aligned to energy efficiency, Net Zero objectives and cladding remediation. These markets continue to be supported by strong regulatory drivers and national investment priorities. This leaves the Company well placed to benefit from sustained demand.

With a strong secured order book and good pipeline visibility, the Board remains confident in the Company's continued growth. Progress in 2025 marked a significant step forward in rebuilding scale, strengthening margins and improving overall financial resilience.

The Directors remain focused on delivering sustainable profitability and disciplined growth. With a 50-year legacy and a clear strategic direction aligned to the UK's environmental and infrastructure priorities, the Company is well positioned to continue its positive momentum into 2026 and beyond.

PRINCIPAL RISKS AND UNCERTAINTIES

The key risks and uncertainties facing the business are:

Credit risk - The company aims to mitigate credit risk by continuing to trade with reliable partners, such as local authorities and housing associations.

Liquidity risk - The company aims to mitigate liquidity risk by continuing to manage cash generation from its operations with enhanced commercial and financial controls, cash collection targets and rigorous monitoring. The directors are satisfied that the company has adequate resources to enable it to meet its liabilities as they fall due for the foreseeable future.

Contract risk - The company aims to mitigate contract risk through robust tendering procedures, tailored to align with both current and anticipated market conditions. These processes are further supported by effective operational management.

ON BEHALF OF THE BOARD:

J E McDonald - Director

15 May 2026

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of energy efficiency contractors.

DIVIDENDS

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

EVENTS SINCE THE END OF THE YEAR

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

DIRECTORS

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

R J Phin

J E McDonald

S C McNellis

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:

J E McDonald - Director

15 May 2026

Opinion

We have audited the financial statements of A C Whyte & Co Limited (the 'company') for the year ended 30 November 2025 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the Statement of Cash Flows, 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 November 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- The engagement partner 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 directors and other management, and from our wider knowledge and experience;

- 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 and FRS 102.

- 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; and

- Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations

Audit response to risks identified

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 set out were indicative of potential bias; and

- 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; and

- Requesting correspondence with HMRC, Companies House 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.

Graham Cantlay (Senior Statutory Auditor)

for and on behalf of Robb Ferguson

Chartered Accountants & Statutory Auditors

Regent Court

70 West Regent Street

Glasgow

G2 2QZ

15 May 2026

TURNOVER

3

18,892,895

16,846,888

Cost of sales

15,826,006

14,430,951

GROSS PROFIT

3,066,889

2,415,937

Administrative expenses

2,721,619

2,311,870

345,270

104,067

Other operating income

4

19,431

19,064

OPERATING PROFIT

6

364,701

123,131

Interest receivable and similar income

10,429

28,472

375,130

151,603

Interest payable and similar expenses

7

73,001

66,620

PROFIT BEFORE TAXATION

302,129

84,983

Tax on profit

8

103,640

33,014

PROFIT FOR THE FINANCIAL YEAR

198,489

51,969

OTHER COMPREHENSIVE LOSS

Share buy-back

(384,000

)

-

Income tax relating to other comprehensive loss

-

-

OTHER COMPREHENSIVE LOSS FOR THE YEAR, NET OF INCOME TAX

(384,000

)

-

TOTAL COMPREHENSIVE (LOSS)/INCOME FOR THE YEAR

(185,511

)

51,969

FIXED ASSETS

Tangible assets

9

1,072,578

1,319,477

CURRENT ASSETS

Debtors

10

4,437,336

5,270,934

Cash at bank

1,613,979

177,123

6,051,315

5,448,057

CREDITORS

Amounts falling due within one year

11

5,199,305

4,591,455

NET CURRENT ASSETS

852,010

856,602

TOTAL ASSETS LESS CURRENT LIABILITIES

1,924,588

2,176,079

CREDITORS

Amounts falling due after more than one year

12

(399,774

)

(509,110

)

PROVISIONS FOR LIABILITIES

16

(76,370

)

(33,014

)

NET ASSETS

1,448,444

1,633,955

CAPITAL AND RESERVES

Called up share capital

17

262

286

Capital redemption reserve

4,738

4,714

Retained earnings

1,443,444

1,628,955

SHAREHOLDERS' FUNDS

1,448,444

1,633,955

The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2026 and were signed on its behalf by:

J E McDonald - Director

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 December 2023

286

1,576,986

4,714

1,581,986

Changes in equity

Total comprehensive income

-

51,969

-

51,969

Balance at 30 November 2024

286

1,628,955

4,714

1,633,955

Changes in equity

Reduction in share capital

(24

)

-

24

-

Total comprehensive loss

-

(185,511

)

-

(185,511

)

Balance at 30 November 2025

262

1,443,444

4,738

1,448,444

Cash flows from operating activities

Cash generated from operations

1

1,951,077

(352,553

)

Interest paid

(49,952

)

(41,094

)

Interest element of hire purchase payments paid

(23,049

)

(25,526

)

Finance income

10,429

26,099

Tax repaid

63,744

169,961

Net cash from operating activities

1,952,249

(223,113

)

Cash flows from investing activities

Purchase of tangible fixed assets

(74,483

)

(95,303

)

Sale of tangible fixed assets

216,829

282,695

Interest received

10,429

2,373

Net cash from investing activities

152,775

189,765

Cash flows from financing activities

New loans in year

-

550,000

Loan repayments in year

(72,412

)

(801,793

)

Capital repayments in year

(146,206

)

(152,313

)

Share buyback

(384,000

)

-

Net cash from financing activities

(602,618

)

(404,106

)

Increase/(decrease) in cash and cash equivalents

1,502,406

(437,454

)

Cash and cash equivalents at beginning of year

2

(836,808

)

(399,354

)

Cash and cash equivalents at end of year

2

665,598

(836,808

)

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

2025

2024

£

£

Profit before taxation

302,129

84,983

Depreciation charges

155,049

164,635

Profit on disposal of fixed assets

(50,496

)

(135,753

)

Finance costs

73,001

66,620

Finance income

(10,429

)

(28,472

)

469,254

152,013

Decrease/(increase) in trade and other debtors

748,459

(1,313,294

)

Increase in trade and other creditors

733,364

808,728

Cash generated from operations

1,951,077

(352,553

)

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 30 November 2025

30.11.25

1.12.24

£

£

Cash and cash equivalents

1,613,979

177,123

Bank overdrafts

(948,381

)

(1,013,931

)

665,598

(836,808

)

Year ended 30 November 2024

30.11.24

1.12.23

£

£

Cash and cash equivalents

177,123

220,710

Bank overdrafts

(1,013,931

)

(620,064

)

(836,808

)

(399,354

)

3.	ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS

At 1.12.24

Cash flow

At 30.11.25

£

£

£

Net cash

Cash at bank

177,123

1,436,856

1,613,979

Bank overdrafts

(1,013,931

)

65,550

(948,381

)

(836,808

)

1,502,406

665,598

Debt

Finance leases

(166,994

)

146,206

(20,788

)

Debts falling due within 1 year

(60,530

)

(36,924

)

(97,454

)

Debts falling due after 1 year

(489,470

)

97,515

(391,955

)

(716,994

)

206,797

(510,197

)

Total

(1,553,802

)

1,709,203

155,401

1.	STATUTORY INFORMATION

A C Whyte & Co Limited is a private company, limited by shares , registered in Scotland. 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 basis of preparation

The financial statements have been prepared on a going concern basis. In assessing the appropriateness of this basis, the directors have considered the company's financial position, liquidity, and forecast cash flows stemming from its revenue pipeline for a period of at least 12 months from the date of approval of these financial statements.

Based on this review, the directors are satisfied that the company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that cast significant doubt on the company's ability to continue as a going concern. Accordingly, the financial statements continue to be prepared on a going concern basis.

The significant accounting policies applied in the preparation of the financial statements are set out below. The policies have been consistently applied to all years presented unless otherwise stated.

Significant judgements and estimates

In the application of the group's accounting policies the directors and management are required to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities at the period end date, and the amounts reported for revenues and expenses during the period.

Management consider that the following have the most significant effect on the amounts recognised in the

financial statements:

- Financial outcome of individual construction contracts - all long-term contracts are reviewed on a monthly

basis, with particular attention to contract stage of completion, costs to date and costs still to be incurred.Movement in margin is recognised when prudent to do so but immediately in the event there is a foreseeable loss.

Turnover

Turnover is stated net of VAT and trade discounts. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to the date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable certainty, by including in the Statement of Comprehensive Income turnover and related costs as contract activity progresses. Turnover is calculated by reference to the value of work performed to date as a proportion of the total contract value.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Heritable and leasehold property

-

2% straight line

Fixed plant and equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to Statement of Comprehensive Income over the expected useful lives of the assets concerned. Other grants are credited to the Statement of Comprehensive Income as the related expenditure is incurred.

Amounts recoverable on contracts

Amounts recoverable on contracts, which are included in debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account.

3.

TURNOVER

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

4.	OTHER OPERATING INCOME

2025

2024

£

£

Rents received

19,431

19,064

5.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

4,193,868

3,783,927

Social security costs

506,851

407,707

Other pension costs

150,479

142,043

4,851,198

4,333,677

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

2025

2024

Direct labour

82

74

Administration

22

18

104

92

2025

2024

£

£

Directors' remuneration

312,377

293,181

Directors' pension contributions to money purchase schemes

19,899

9,751

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes

2

2

Information regarding the highest paid director is as follows:

2025

2024

£

£

Emoluments etc

130,360

105,219

Pension contributions to money purchase schemes

9,861

5,151

6.	OPERATING PROFIT

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

2025

2024

£

£

Hire of plant and machinery

748,011

551,471

Depreciation - owned assets

85,374

89,421

Depreciation - assets on hire purchase contracts

69,675

75,214

Profit on disposal of fixed assets

(50,496

)

(135,753

)

Auditors' remuneration

13,400

12,700

7.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Bank loan interest

49,952

41,094

Hire purchase

23,049

25,526

73,001

66,620

8.

TAXATION

Analysis of the tax charge

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

2025

2024

£

£

Current tax:

UK corporation tax

37,473

-

Under provision in prior year

22,811

-

Total current tax

60,284

-

Deferred tax

43,356

33,014

Tax on profit

103,640

33,014

UK corporation tax has been charged at 25% (2024 - 25%).