REGISTERED NUMBER: 05951416 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 30 September 2024

for

Process Installations & Maintenance

Services Limited

Page

Company information

1

Strategic report

2

to

4

Report of the directors

5

to

6

Report of the independent auditors

7

to

10

Income statement

11

Other comprehensive income

12

Statement of financial position

13

Statement of changes in equity

14

Notes to the financial statements

15

to

23

Directors:

D Anderson

D Goodman

T N Woodward

N Woodward

A Woodward

Registered office:

Waterworks Lane

Glinton

Peterborough

PE6 7LP

Registered number:

05951416 (England and Wales)

Auditors:

Sumer Audit

Bank House

Broad Street

Spalding

Lincolnshire

PE11 1TB

The directors present their strategic report for the year ended 30 September 2024.

Review of business

The company has maintained strong operational momentum throughout the period, successfully completing several projects while continuing to mobilise new workstreams and sustain progress on long-term ongoing contracts. This balanced portfolio demonstrates both resilience and effective resource management across multiple project lifecycles.

In February 2024, the business commenced its largest project to date in Oxford. Progress on this project has been positive, with delivery aligning well to expectations and reinforcing the company's capability to manage large-scale, complex developments.

A key strategic priority remains the proactive pursuit of new opportunities through a focused tendering pipeline. Efforts to secure contracts for 2025/2026 are already yielding encouraging results, with new projects anticipated in Scarborough, Sandwell and Walsall. This forward visibility supports confidence in continued growth and revenue stability.

The company's partnered approach with clients continues to be a significant strength. By fostering collaborative relationships and maintaining open communication, the business enhances project outcomes, builds trust, and positions itself favourably for repeat work and long-term engagements.

Principal risks and uncertainties

The company operates within a dynamic external environment, and its performance may be affected by a range of macroeconomic and geopolitical factors. The broader economic climate continues to present challenges, with inflationary pressures, fluctuating interest rates, and constrained consumer and business confidence having the potential to impact demand and operational performance.

In response, the company is actively evaluating and implementing measures to maintain margins and protect profitability. These include ongoing cost management initiatives, pricing strategies, and operational efficiencies designed to mitigate external pressures while sustaining competitiveness.

Geopolitical instability remains a key area of uncertainty. The ongoing conflict in Ukraine, alongside wider political tensions, continues to influence global supply chains, energy markets, and commodity pricing. Disruption linked to the Suez Canal has contributed to volatility in fuel and gas prices, as well as availability and cost of key inputs such as steel. These factors may result in increased operational costs and potential delays within the supply chain.

The company continues to monitor these developments closely and is taking proactive steps to enhance resilience, including supplier diversification, strategic sourcing, and scenario planning. While these actions are intended to mitigate risk, prolonged instability may continue to affect cost structures and market conditions.

Maintaining and strengthening market confidence remains a priority. The company is focused on transparent communication, consistent delivery against strategic objectives, and prudent financial management to support stakeholder trust during periods of uncertainty.

Market development

PIMS recognises the growing importance of sustainability as a key driver of market development and long-term competitiveness. In response to increasing regulatory pressures, client expectations, and global environmental challenges, the company is committed to strengthening its contribution to the reduction of CO2 emissions and the transition toward more sustainable practices.

The commitment is underpinned by PIMS accreditation to ISO 14001, reflecting a robust environmental management system and a structured approach to continuous improvement. Management remains fully aligned in its ambition to further reduce the company's carbon footprint, embedding sustainability considerations across all operational and strategic activities.

PIMS expanding portfolio of projects within the energy sector plays a critical role in the supporting of government ambitions and targets for achieving net zero carbon emissions. By delivering solutions that enable cleaner energy generation, improved efficiency, and reduced environmental impact, the company is well-positioned to capitalise on emerging opportunities In a rapidly evolving market.

Through sustained investment in sustainable practices and alignment with national and global environmental goals, PIMS aims to enhance its market position while contributing meaningfully to the transitions to low-carbon economy.

Development and performance

The business continues to demonstrate steady and sustainable organic growth, underpinned by active oversight and performance monitoring by management. This structured approach ensures that operational efficiency, financial performance, and strategic objectives remain aligned as the company expands.

A key driver of development has been our ongoing commitment to tendering for new projects across the UK. This proactive pipeline strategy not only supports revenue growth but also strengthens market presence and resilience in a competitive environment.

Performance is further enhanced by the company's strong and growing reputation within the construction, pharmaceutical and energy sectors. By consistently delivering high-quality outcomes, the business is successfully leveraging existing relationships while securing opportunities with new clients. This sector-focused credibility positions the company well for continued expansion and long-term value creation.

Overall, the combination of disciplined management, sustained business development activity, and a solid industry reputation provide a strong foundation for continued growth and improved performance.

Financial key performance indicators

The organisation has delivered a strong financial performance over the reporting period, underpinned by sustained revenue growth and improved profitability. Turnover increased from £14.317 million to £15.286 million, representing an approximate 6.8% year-on-year increase. This uplift reflects continued demand for the organisation's services and effective execution of its commercial strategy.

This growth in revenue has translated into enhanced profitability, with the organisation achieving a record profit before tax of £3.5 million. This milestone indicates improved operational efficiency and disciplined cost management alongside top-line expansion.

As a result of these positive financial outcomes, the organisation's net worth has strengthened to £6.3 million. This improved balance sheet position provides a solid foundation for future investment, resilience against market volatility, and the capacity to support long-term strategic objectives

Management

As part of its strategic realignment, PIMS undertook a comprehensive reorganisation of its management structure to strengthen leadership capacity, improve operational oversight, and support future growth objectives.

Effective 1 September 2024, key senior appointments were made to reinforce core functional areas of the business. A Construction Director was appointed to lead project delivery and ensure consistency in execution standards across all operations. In parallel, a Finance Director was appointed to enhance financial governance, reporting accuracy, and long-term financial planning. Additionally, a Health & Safety Director was appointed to prioritise regulatory compliance, risk management, and the continued development of strong safety culture throughout the organisation.

These appointments represent a significant step in establishing a more robust and accountable leadership framework, positioning PIMS to deliver improved performance, manage risk more effectively, and support sustainable growth.

The directors believe the financial statement show a true and fair view of the company's position at the year end and adequately represent to business moving forward.

On behalf of the board:

T N Woodward - Director

21 May 2026

The directors present their report with the financial statements of the company for the year ended 30 September 2024.

Principal activity

The principal activity of the company in the year under review was that of the provision of industrial installation, mechanical maintenance and engineering support services to commercial and industrial sectors.

Dividends

No interim dividend was paid during the year. The directors recommend a final dividend of 200 per share.

The total distribution of dividends for the year ended 30 September 2024 will be £ 210,000 .

Directors

The directors shown below have held office during the whole of the period from 1 October 2023 to the date of this report.

D Goodman

T N Woodward

Other changes in directors holding office are as follows:

D Anderson - appointed 1 September 2024

N Woodward - appointed 1 September 2024

A Woodward - appointed 1 September 2024

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), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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.

Auditors

The auditors, Sumer Audit, will be proposed for re-appointment at the forthcoming Annual General Meeting.

On behalf of the board:

T N Woodward - Director

21 May 2026

Opinion

We have audited the financial statements of Process Installations & Maintenance Services Limited (the 'company') for the year ended 30 September 2024 which comprise the Income statement, Other comprehensive income, Statement of financial position, Statement of changes in equity and Notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 30 September 2024 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 five, 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 commercial knowledge and experience of the 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 such as the Companies Act 2006 and taxation 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; and

- 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; 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;

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

- reviewing correspondence with HMRC.

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.

Other matters which we are required to address

The financial statements for the year ended 30 September 2023 were not audited and accordingly we do not express an opinion on the comparative figures presented in these financial statements.

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.

Mark Antony East FCCA (Senior Statutory Auditor)

for and on behalf of Sumer Audit

Bank House

Broad Street

Spalding

Lincolnshire

PE11 1TB

21 May 2026

Turnover

4

15,286,056

14,317,313

Cost of sales

8,986,237

12,477,823

Gross profit

6,299,819

1,839,490

Administrative expenses

2,785,363

1,828,205

3,514,456

11,285

Other operating income

59

-

Operating profit

6

3,514,515

11,285

Interest receivable and similar income

17,749

9,423

3,532,264

20,708

Interest payable and similar expenses

7

2,178

2,152

Profit before taxation

3,530,086

18,556

Tax on profit

8

1,055,790

48,781

Profit/(loss) for the financial year

2,474,296

(30,225

)

Profit/(loss) for the year

2,474,296

(30,225

)

Other comprehensive income

-

-

Total comprehensive income for the year

2,474,296

(30,225

)

Fixed assets

Tangible assets

10

391,413

446,587

Current assets

Debtors

11

7,151,608

6,122,793

Cash at bank and in hand

3,614,197

2,526,167

10,765,805

8,648,960

Creditors

Amounts falling due within one year

12

4,778,640

4,953,522

Net current assets

5,987,165

3,695,438

Total assets less current liabilities

6,378,578

4,142,025

Creditors

Amounts falling due after more than one year

13

(5,210

)

(15,745

)

Provisions for liabilities

16

(56,292

)

(73,500

)

Net assets

6,317,076

4,052,780

Capital and reserves

Called up share capital

17

1,000

1,000

Retained earnings

18

6,316,076

4,051,780

Shareholders' funds

6,317,076

4,052,780

The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2026 and were signed on its behalf by:

T N Woodward - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 October 2022

1,000

4,482,005

4,483,005

Changes in equity

Dividends

-

(400,000

)

(400,000

)

Total comprehensive income

-

(30,225

)

(30,225

)

Balance at 30 September 2023

1,000

4,051,780

4,052,780

Changes in equity

Dividends

-

(210,000

)

(210,000

)

Total comprehensive income

-

2,474,296

2,474,296

Balance at 30 September 2024

1,000

6,316,076

6,317,076

1.	Statutory information

Process Installations & Maintenance Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

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.

Significant judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

- Valuation of "Amounts recoverable on long term contracts"

Revenue recognition

Profit is recognised on long term contracts if the final outcome can be assessed with reasonable certainty by

including the profit and loss account turnover and related costs as contract activity progresses. Turnover is

calculated as that proportion of total contract value which costs to date bear to total expected costs for that

contract. Any anticipated losses on long term contracts are recognised immediately. Excess progress payments are included in creditors as payments on account, however where insufficient progress payments have been made a debtor is recognised as amounts recoverable in relation to long term contracts.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

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

Freehold property

-

2% on cost

Short leasehold

-

20% on a straight line basis

Plant and machinery

-

25% on a straight line basis

Fixtures and fittings

-

25% on a straight line basis

Motor vehicles

-

25% on a straight line basis

Computer equipment

-

25% on a straight line basis

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 statement of financial position date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

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.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in the preparing the financial statements.

4.

Turnover

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

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

2024

2023

(Unaudited)

£

£

Construction contracts

15,286,056

14,317,313

15,286,056

14,317,313

An analysis of turnover by geographical market is given below:

2024

2023

(Unaudited)

£

£

United Kingdom

15,286,056

14,317,313

15,286,056

14,317,313

5.	Employees and directors

2024

2023

(Unaudited)

£

£

Wages and salaries

2,215,216

2,621,729

Social security costs

27,960

14,030

Other pension costs

43,568

114,702

2,286,744

2,750,461

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

2024

2023

(Unaudited)

Director

5

5

Labour

22

21

Administration

11

8

38

34

2024

2023

(Unaudited)

£

£

Directors' remuneration

244,855

110,000

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

Money purchase schemes

3

3

Information regarding the highest paid director for the year ended 30 September 2024 is as follows:

2024

£

Emoluments etc

130,043

6.	Operating profit

The operating profit is stated after charging:

2024

2023

(Unaudited)

£

£

Other operating leases

45,170

54,314

Depreciation - owned assets

122,822

82,445

Auditors remunerations

20,000

-

7.

Interest payable and similar expenses

2024

2023

(Unaudited)

£

£

HMRC interest

-

1,002

Hire purchase

2,178

1,150

2,178

2,152

8.

Taxation

Analysis of the tax charge

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

2024

2023

(Unaudited)

£

£

Current tax:

UK corporation tax

1,072,998

48,781

Deferred tax

(17,208

)

-

Tax on profit

1,055,790

48,781

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:

2024

2023

(Unaudited)

£

£

Profit before tax

3,530,086

18,556

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2023 - 25%)

882,522

4,639

Effects of:

Expenses not deductible for tax purposes

171,104

15,766

Depreciation in excess of capital allowances

2,103

-

Adjustments to tax charge in respect of previous periods

61

28,376

Total tax charge

1,055,790

48,781

9.

Dividends

2024

2023

(Unaudited)

£

£

Ordinary shares of 1 each

Final

210,000

400,000

10.	Tangible fixed assets

Freehold

Short

Plant and

property

leasehold

machinery

£

£

£

Cost

At 1 October 2023

95,940

32,462

453,642

Additions

-

-

24,491

At 30 September 2024

95,940

32,462

478,133

Depreciation

At 1 October 2023

-

-

362,267

Charge for year

1,919

6,492

39,784

At 30 September 2024

1,919

6,492

402,051

Net book value

At 30 September 2024

94,021

25,970

76,082

At 30 September 2023

95,940

32,462

91,375

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 October 2023

18,981

494,328

136,404

1,231,757

Additions

-

26,994

16,163

67,648

At 30 September 2024

18,981

521,322

152,567

1,299,405

Depreciation

At 1 October 2023

15,030

298,769

109,104

785,170

Charge for year

1,357

61,119

12,151

122,822

At 30 September 2024

16,387

359,888

121,255

907,992

Net book value

At 30 September 2024

2,594

161,434

31,312

391,413

At 30 September 2023

3,951

195,559

27,300

446,587