REGISTERED NUMBER: SC356327 (Scotland)

STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

EMTEC FACILITY SERVICES LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

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

DIRECTORS:

M J Clinch

A T McKenzie

W Ottilinger

S P Stevenson

R Molloy

REGISTERED OFFICE:

29 Brandon Street

Hamilton

Lanarkshire

ML3 6DA

REGISTERED NUMBER:

SC356327 (Scotland)

AUDITORS:

S&W Audit

Statutory Auditor

Chartered Accountants

Q Court

3 Quality Street

Edinburgh

EH4 5BP

The directors present their strategic report for the year ended 31 December 2025.

Emtec Facility Services Ltd provides effective planned preventative and 24-hour reactive maintenance service nationally. As well as our strategically placed and directly employed mobile operatives, we utilise known, tried and tested local supply chain partners to support the planned preventative and reactive maintenance programme of the specialist services.

Our mission is to be the "Partner of Choice". Through excellence in customer service, quality, and assured delivery. We are people focused, with relationships and reputation being built on honesty, integrity and by providing safe sustainable business solutions.

The business continued it's planned growth steadily throughout 2025. This was driven by both the growth of existing key accounts and the addition of new customers. We have also successfully expanded and enhanced our service capability throughout the UK. Margins remained healthy and the business performance remains consistent.

REVIEW OF BUSINESS

The Company's key performance indicators (KPIs) are turnover, gross profit and operating profit before tax and cash flow. Turnover increased by 13% to £24.8m compared to 2024. Gross profit strengthened additionally to £6.7m, a 16% increase. Operating profit was impacted by a change in management structure brought in to support the business for future growth, therefore reducing from £2.3m to £1.9m.

Cash flow remained positive and largely absorbed a dividend payment reflecting consistently strong profitability.

Year ending 31 December 2025

Year ending 31 December 2024

Change

£m

£m

%

Turnover

24.8

22.0

13

Gross profit

6.7

5.8

16

Operating profit before tax

2.0

2.6

-23

Cash flow

1.9

2.3

-16

PRINCIPAL RISKS AND UNCERTAINTIES

The company's operations expose it to a variety of financial risks that include performance risk, operational risk, credit risk, liquidity risk and price risk. The directors recognise their overall responsibility for the company's systems and internal control. The controls are designed to manage as opposed to completely eliminate risk.

The company has in place a risk management programme that seeks to limit the adverse effects on the financial performance of the company by regularly reviewing and monitoring individual contract balances and ensuring adequate funding is in place for any given contract.

Performance risk is minimised through accurately budgeting and costing individual projects at the outset and then monitoring the performance on these projects through to completion. The performance of the company is monitored through monthly management accounts which are reviewed at regular board meetings.

Operational risk is minimised through having robust health and safety and quality assurance policies and procedures in place as well as the development of a positive health and safety culture throughout the company.

Credit risk is minimised by requiring the appropriate credit checks on potential customers, working with reputable customers, agreeing regular payment terms on larger contracts and having strict credit controls. The amount of exposure to any individual customer is also assessed and controlled.

Liquidity risk is minimised through the retention of a healthy level of reserves and funds in the bank. At present the company is not reliant on any bank facilities. Treasury management arrangements are also in place across the wider group to support with cash requirements.

Price risk relating to price increases is minimised by agreeing fixed prices with individual suppliers and sourcing goods and services from multiple suppliers to ensure competitive pricing.

GOING CONCERN

The Directors have prepared detailed forecasts, covering a period of at least 12 months from the date of signature of these financial statements, which show that the company will trade profitably over the following 12 months. The forecasts were largely built based on work already secured at the time of writing and orders close to being secured in the period.

Treasury management arrangements are in place across the wider group to support with cash requirements.

The Directors, with reference to the forecasts prepared, continue to adopt the going concern basis when preparing the financial statements. In making their assessment the Directors have considered a period of at least 12 months from the date of signature of these financial statements.

ON BEHALF OF THE BOARD:

S P Stevenson - Director

13 May 2026

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of a servicing and maintenance contractor.

DIVIDENDS

Interim dividends per share were paid as follows:

Ordinary A £0.01 shares

£3333

- 7 August 2025

Ordinary B £0.01 shares

£230

- 30 June 2025

The directors recommend that no final dividends be paid.

The total distribution of dividends for the year ended 31 December 2025 will be £ 1,511,513 .

DIRECTORS

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

M J Clinch

A T McKenzie

W Ottilinger

S P Stevenson

Other changes in directors holding office are as follows:

D Dunsmuir - resigned 14 February 2025

R Molloy - appointed 14 February 2025

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 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.

ON BEHALF OF THE BOARD:

S P Stevenson - Director

13 May 2026

Opinion

We have audited the financial statements of Emtec Facility Services Limited (the 'company') for the year ended 31 December 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 31 December 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 four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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

Auditors' responsibilities for the audit of the financial statements

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

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

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- 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 commercial knowledge;

- 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, employment and data protection;

- We assessed the extent of compliance with the laws and regulations identified above through making enquires of management and inspecting legal correspondence;

- 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 assess the susceptibility of material misstatement within the Company's financial statements, 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 judgement and assumptions made in determining accounting estimates were indicative of potential bias; and

- Investigated the rationale behind any 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 potential litigation and claims; and

- Reviewing correspondence.

Whilst our audit did not identify any significant matters relating to the detection of irregularities including fraud, and despite the audit being planned and conducted in accordance with ISAs (UK), there remains an unavoidable risk that material misstatements in the financial statements may not be detected owing to inherent limitations of the audit, and that by their very nature, any such instances of fraud or irregularity would likely involve collusion, forgery, intentional misrepresentations, or the override of internal controls.

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.

Craig Hunter (Senior Statutory Auditor)

for and on behalf of S&W Audit

Statutory Auditor

Chartered Accountants

Q Court

3 Quality Street

Edinburgh

EH4 5BP

19 May 2026

TURNOVER

24,768,648

22,051,559

Cost of sales

(18,077,628

)

(16,250,339

)

GROSS PROFIT

6,691,020

5,801,220

Administrative expenses

(4,706,754

)

(3,235,768

)

OPERATING PROFIT

4

1,984,266

2,565,452

Interest receivable and similar income

60,490

45,713

2,044,756

2,611,165

Interest payable and similar expenses

5

(35,071

)

-

PROFIT BEFORE TAXATION

2,009,685

2,611,165

Tax on profit

6

(544,379

)

(936,337

)

PROFIT FOR THE FINANCIAL YEAR

1,465,306

1,674,828

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,465,306

1,674,828

FIXED ASSETS

Intangible assets

8

37,975

-

Tangible assets

9

45,879

11,209

83,854

11,209

CURRENT ASSETS

Debtors

10

4,371,475

6,713,147

Cash at bank

3,776,546

1,854,220

8,148,021

8,567,367

CREDITORS

Amounts falling due within one year

11

(4,401,242

)

(4,719,898

)

NET CURRENT ASSETS

3,746,779

3,847,469

TOTAL ASSETS LESS CURRENT LIABILITIES

3,830,633

3,858,678

PROVISIONS FOR LIABILITIES

14

(20,964

)

(2,802

)

NET ASSETS

3,809,669

3,855,876

CAPITAL AND RESERVES

Called up share capital

15

5

5

Capital redemption reserve

1

1

Retained earnings

3,809,663

3,855,870

SHAREHOLDERS' FUNDS

3,809,669

3,855,876

The financial statements were approved by the Board of Directors and authorised for issue on 13 May 2026 and were signed on its behalf by:

S P Stevenson - Director

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 January 2024

5

2,243,042

1

2,243,048

Changes in equity

Dividends

-

(62,000

)

-

(62,000

)

Total comprehensive income

-

1,674,828

-

1,674,828

Balance at 31 December 2024

5

3,855,870

1

3,855,876

Changes in equity

Dividends

-

(1,511,513

)

-

(1,511,513

)

Total comprehensive income

-

1,465,306

-

1,465,306

Balance at 31 December 2025

5

3,809,663

1

3,809,669

1.	STATUTORY INFORMATION

Emtec Facility Services 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.

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 requirement of paragraph 33.7.

The financial statements of the company are consolidated in the financial statements of Emtec Group Limited. The consolidated accounts of Emtec Group are available from the Registrar of Companies at Companies House.

SIGNIFICANT JUDGEMENTS AND ESTIMATES

In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience, knowledge of each contract and other factors that are considered to be relevant. Contract revenue and expenditure is reconciled monthly based on our understanding and forecasts. However, actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

KEY ACCOUNTING ESTIMATE - AMOUNTS RECOVERABLE ON CONTRACTS

Amounts recoverable on contracts is recognised in line with the construction contract debtor policy which includes estimates based on stage of completion and specific to individual contracts. Amounts recoverable on contracts is kept under constant review with appropriate provision made. The Directors monitor the risk profile of each individual contract and also consider exposure to any one debtor where a number of contracts are being delivered for that debtor and included within amounts recoverable on contracts.

KEY ACCOUNTING ESTIMATE - TRADE DEBTORS

The company monitors the risk profile of trade debtors regularly and makes a provision for amounts deemed not to be recoverable. All non-group outstanding debtor balances over 2 years would be recognised as non-recoverable in line with group policy.

TURNOVER AND REVENUE RECOGNITION

Turnover is derived from the various contracting activities of the company which includes construction contracts, maintenance contracts and other small works either on a fixed price or time and materials basis.

When the outcome of a construction contract can be estimated reliably and it is probable that the contract will be profitable, turnover and costs are recognised over the period of the contract.

When it is probable that total contract costs will exceed total contract turnover, the expected loss is recognised as an expense immediately.

When the outcome of a construction contract cannot be estimated reliably, contract turnover is recognised only to the extent of contract costs that it is probable will be recovered.

Contract costs include direct costs incurred in securing the contract that can be separately identified and measured reliably, if it is probable that the contract will be obtained. Costs incurred in securing a contract which have been expensed as incurred, are not included in contract costs if the contract is subsequently obtained.

The company uses the "percentage of completion method" to determine the appropriate amount to recognise in a given period usually with reference to work applied for on a monthly basis. The stage of completion is measured by the proportion of contract costs incurred for work performed to date compared to the estimated total contract costs. Costs incurred in the year in connection with future activity on a contract are excluded for contract costs in determining the stage of completion. These costs are presented as amounts recoverable on contracts provided it is probable they will be recovered.

Revenue in relation to maintenance contracts is recognised as costs are incurred. Work in progress is recognised in relation to minor additional works where the cost has been incurred and it is probable that the consideration due will be received.

Retentions are recognised in revenue following an assessment of their likely recoverability.

Construction contract debtors

Construction contract debtors (amounts recoverable on contracts) represent the gross unbilled amount for contract work performed to date. They are measured at cost plus profit recognised to date (see the turnover accounting policy) less a provision for foreseeable losses and less progress billings. Variations are included in contract revenue when they are reliably measurable and it is probable that the customer will approve the variation itself and the revenue arising from the variation. Claims are included in contract revenue only when they are reliably measurable and negotiations have reached an advanced stage such that is probable that the customer will accept the claim. Cost includes all expenditure related directly to specific projects and an allocation of fixed and variable overheads incurred in the entity's contract activities based on normal operating capacity. Construction contract debtors (amounts recoverable on contracts) are presented as part of debtors in the balance sheet. If payments received from customers exceed the income recognised, then the difference is presented as accruals and deferred income in the balance sheet.

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 five years.

TANGIBLE FIXED ASSETS

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

Plant and machinery

-

50% per annum on cost

Fixtures and fittings

-

50% per annum on cost

Computer equipment

-

20% per annum on cost

At each statement of financial position date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

FINANCIAL INSTRUMENTS

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, 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, like 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 the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

5,662,068

5,125,815

Social security costs

683,819

537,374

Other pension costs

117,190

119,038

6,463,077

5,782,227

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

2025

2024

Direct wages

76

83

Directors and administration staff

41

39

117

122

2025

2024

£

£

Directors' remuneration

131,167

8,700

Directors' pension contributions to money purchase schemes

11,333

12,335

4.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

£

Hire of plant and machinery

233,903

207,682

Other operating leases

76,509

74,232

Depreciation - owned assets

6,605

9,405

Loss on disposal of fixed assets

-

4,697

Computer software amortisation

644

-

Auditors' remuneration

12,630

14,120

Auditors' remuneration for non audit work

5,650

5,000

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Corporation tax interest

35,071

-

6.

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

384,750

671,959

Prior year under payment

28,165

264,420

Group relief

113,302

-

Total current tax

526,217

936,379

Deferred tax

18,162

(42

)

Tax on profit

544,379

936,337

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

£

£

Profit before tax

2,009,685

2,611,165

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

502,421

652,791

Effects of:

Expenses not deductible for tax purposes

326

19,429

Capital allowances in excess of depreciation

(4,695

)

(261

)

Group relief

-

264,420

Deferred tax

18,162

(42

)

Prior year under payment

28,165

-

Total tax charge

544,379

936,337

7.

DIVIDENDS

2025

2024

£

£

Ordinary A shares of £0.01 each

Interim

1,500,000

-

Ordinary B shares of £0.01 each

Interim

11,513

62,000

1,511,513

62,000

8.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

Additions

38,619

At 31 December 2025

38,619

AMORTISATION

Amortisation for year

644

At 31 December 2025

644

NET BOOK VALUE

At 31 December 2025

37,975

9.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2025

16,277

5,337

10,860

32,474

Additions

-

-

41,275

41,275

At 31 December 2025

16,277

5,337

52,135

73,749

DEPRECIATION

At 1 January 2025

14,837

5,337

1,091

21,265

Charge for year

1,440

-

5,165

6,605

At 31 December 2025

16,277

5,337

6,256

27,870

NET BOOK VALUE

At 31 December 2025

-

-

45,879

45,879

At 31 December 2024

1,440

-

9,769

11,209

10.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,587,112

3,228,928

Amounts owed by group undertakings

-

2,784,087

Amounts recoverable on contract

306,698

473,040

Directors' loan accounts

-

881

Tax

371,819

-

VAT

21,624

-

Prepayments and accrued income

84,222

226,211

4,371,475

6,713,147

11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

3,836,084

2,829,976

Amounts owed to group undertakings

1,366

-

Tax

-

563,214

Social security and other taxes

236,542

302,277

VAT

-

720,430

Other creditors

27,663

33,216

Accruals and deferred income

299,587

270,785

4,401,242

4,719,898