REGISTERED NUMBER: 03090860 (England and Wales)

QUALITY FREIGHT SERVICES LIMITED

Strategic Report, Report of the Director and

Financial Statements for the Year Ended 31 August 2025

Page

Company Information

1

Strategic Report

2

Report of the Director

3

Energy and Carbon Report forming part of the Report of the Director

4

Report of the Independent Auditors

5

Income Statement

9

Other Comprehensive Income

10

Balance Sheet

11

Statement of Changes in Equity

12

Cash Flow Statement

13

Notes to the Cash Flow Statement

14

Notes to the Financial Statements

15

DIRECTOR:

M J Johnson

REGISTERED OFFICE:

Unit 1 Peel House

Off Taunton Street

Shipley

West Yorkshire

BD18 3NA

REGISTERED NUMBER:

03090860 (England and Wales)

AUDITORS:

Walter Dawson & Son Chartered Accountants

1 Valley Court

Canal Road

Bradford

West Yorkshire

BD1 4SP

The director presents his strategic report for the year ended 31 August 2025.

REVIEW OF BUSINESS

The financial year under review has been characterised by consolidation following the operational refinement undertaken in the prior period. Whilst the business has experienced a modest contraction in turnover of approximately 5%, this has been accompanied by a corresponding reduction in cost of sales, reflecting continued discipline in pricing, procurement, and job selection. In this context, overall trading performance remains resilient against a backdrop of ongoing market volatility and sustained customer price sensitivity.

As outlined in the previous report, 2024 was positioned as a year of refinement, with a focus on improving operational efficiency and strengthening management structures. The benefits of those actions have begun to materialise, particularly through tighter cost control, improved accountability within the senior management team, and a more streamlined operational footprint following the closure of the Dartford office.

However, it became clear during the year that the previously implemented recruitment freeze could not be maintained in full. The nature of the freight forwarding sector, and the company's continued commitment to service quality, necessitates the ongoing acquisition of high-calibre personnel. As such, selective recruitment has continued, often through specialist recruiters, ensuring that the business retains the expertise required to support both existing client relationships and future growth opportunities.

Externally, the business has faced additional cost pressures, most notably the increase in Employer National Insurance contributions, which has had a significant impact on payroll-related costs. In addition, the company incurred foreign exchange losses during the year due to adverse currency movements. These exposures were reviewed in detail and corrective measures have been implemented in conjunction with the company's banking partners. As a result the business has mitigated, as much as possible, a recurrence of these losses in the forthcoming financial year.

It should also be noted that director remuneration increased significantly compared to the previous year. This was driven by the requirement to settle historic HMRC liabilities relating to prior financial periods. These amounts were fully recognised and discharged within the current year, ensuring that the company moves forward with a clean and compliant position.

From an operational perspective, the development of the new bespoke cloud-based operating and accounting system has progressed in line with expectations, although internal trials and refinements have taken longer than expected. This system is expected to materially enhance the company's data capture, reporting capabilities, and overall operational visibility, providing a strong platform for future scalability and improved decision-making.

The company continues to operate with a low fixed asset base, maintaining flexibility through leased properties and vehicles. At the same time, the emphasis on preserving a strong internal culture remains unchanged, with continued encouragement of collaboration and engagement across all branches to support the company's distinctive non-corporate, team-oriented environment.

Looking ahead, the company remains cautiously optimistic. While market conditions are expected to remain competitive, the actions taken over the past two years have positioned the business on a more stable and efficient footing. The focus will remain on controlled, sustainable growth, underpinned by disciplined cost management, targeted recruitment, and the successful implementation of the new operating platform.

The core business remains fundamentally strong, and it is expected that the structural improvements and cost savings achieved will support enhanced profitability in the coming financial years.

ON BEHALF OF THE BOARD:

M J Johnson - Director

26 May 2026

The director presents his report with the financial statements of the company for the year ended 31 August 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of freight forwarding.

DIVIDENDS

No dividends will be distributed for the year ended 31 August 2025.

DIRECTOR

M J Johnson held office during the whole of the period from 1 September 2024 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

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

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

-	select suitable accounting policies and then apply them consistently;

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

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

AUDITORS

The auditors, Walter Dawson & Son Chartered Accountants, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

M J Johnson - Director

26 May 2026

Parameter

Units

Parameter Units Current Reporting Year:1 Sept 2024 - 31 Aug 2025

Energy Consumption used to Calculate emissions

kWh

244,610.57

Emissions from combustion of gas (Scope 1)

t CO2e

12.56

Emissions from combustion of fuel for transport purposes (Scope 1)

t CO2e

0

Emissions from purchased electricity (Scope 2)

t CO2e

30.18

Emissions from business travel (Scope 3)

t CO2e

20.63

Emissions from staff commuting (Scope 3)

t CO2e

108.55

Emissions from water (Scope 3)

t CO2e

0.51

Emissions from transmission and distribution (Scope 3)

t CO2e

2.99

Intensity ratio: Emissions data (tCO2e) compared with an appropriate business activity (staff numbers)

t CO2e / No. Employees

175.42 t CO2e / 164 = 1.069 t CO2e per Employee

Total emissions:

t CO2e

175.42

Quantification and Reporting Methodology

A location-based calculation of CO2 equivalent emissions was made using energy data collected from Quality Freight regarding their electricity, gas and water consumption. Business travel covers emissions that have come from Quality Freight Services staff travelling to meet clients. These emissions include flights, train journeys, taxi journeys as well as business mileage which was based upon using an average UK vehicle and petrol fuel. The total disclosed energy is calculated on a gross calorific value basis and using the UK Government GHG Conversion Factors for Company Reporting emission factors. The commuting and home working data was gathered from the employees via a survey. Thisinformation was then calculated by the UK Government GHG Conversion Data. Hotel data came primarily from 2023 edition of the UK Government GHG Conversion Factors for Company Reporting.The methodology is consistent with the 2023 edition of the UK Government GHG Conversion Factors for Company Reporting (https://www.gov.uk/government/publications/greenhouse-gas-reporting-conversion-factor s-2023).

Energy Efficiency Action

Quality Freight Services Limited have implemented a series of initiatives to cut down their energy consumption and subsequently their carbon emissions. To reduce their electricity consumption, they have installed solar panels in their head office and when the regional branches have moved to a new leased office, the company preference is that they move to a 'green space' that is more energy efficient. They have outsourced their IT and as part of this they have replaced their onsite computer servers with a new managed cloud service that is more efficient and further reduces the company's consumption of electricity. A key change that has led to a significant reduction in emissions is that the fleet of company cars have moved from predominantly petrol or diesel cars to hybrid or electric vehicles. This will continue over the next twelve months as more car lease periods, are ending and all future contracts will be moving to hybrid or electric instead of petrol or diesel.

Opinion

We have audited the financial statements of QUALITY FREIGHT SERVICES LIMITED (the 'company') for the year ended 31 August 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, 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 August 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 director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

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

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

Other information

The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Matters on which we are required to report by exception

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

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

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

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

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

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

Responsibilities of director

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

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

Auditors' responsibilities for the audit of the financial statements

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

Our approach to identifying and assessing the risk 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 discussion with directors and other management, and form our commercial knowledge and experience of the sector;

- we focussed on specific laws and regulations which considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation;

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

- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was a 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 overide 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 in note 2 and where 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

- reviewing correspondence with HMRC, relevant regulators including the Health and Safety Executive, 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.

John Richard Hall (Senior Statutory Auditor)

for and on behalf of Walter Dawson & Son Chartered Accountants

1 Valley Court

Canal Road

Bradford

West Yorkshire

BD1 4SP

26 May 2026

TURNOVER

77,117,636

81,466,415

Cost of sales

61,020,250

64,983,998

GROSS PROFIT

16,097,386

16,482,417

Administrative expenses

16,141,861

16,301,054

OPERATING (LOSS)/PROFIT

4

(44,475

)

181,363

Interest receivable and similar income

93,248

80,313

48,773

261,676

Interest payable and similar expenses

5

44,865

50,871

PROFIT BEFORE TAXATION

3,908

210,805

Tax on profit

6

(3,870

)

160,681

PROFIT FOR THE FINANCIAL YEAR

7,778

50,124

PROFIT FOR THE YEAR

7,778

50,124

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

7,778

50,124

FIXED ASSETS

Tangible assets

7

496,120

303,733

CURRENT ASSETS

Debtors

8

10,490,075

12,759,109

Cash at bank

3,152,892

3,622,674

13,642,967

16,381,783

CREDITORS

Amounts falling due within one year

9

9,717,132

12,302,409

NET CURRENT ASSETS

3,925,835

4,079,374

TOTAL ASSETS LESS CURRENT LIABILITIES

4,421,955

4,383,107

PROVISIONS FOR LIABILITIES

11

31,070

-

NET ASSETS

4,390,885

4,383,107

CAPITAL AND RESERVES

Called up share capital

12

2,000

2,000

Retained earnings

4,388,885

4,381,107

SHAREHOLDERS' FUNDS

4,390,885

4,383,107

The financial statements were approved by the director and authorised for issue on 26 May 2026 and were signed by:

M J Johnson - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 September 2023

2,000

4,330,983

4,332,983

Changes in equity

Total comprehensive income

-

50,124

50,124

Balance at 31 August 2024

2,000

4,381,107

4,383,107

Changes in equity

Total comprehensive income

-

7,778

7,778

Balance at 31 August 2025

2,000

4,388,885

4,390,885

Cash flows from operating activities

Cash generated from operations

1

(94,934

)

1,224,574

Interest paid

(44,865

)

(50,871

)

Tax paid

(160,681

)

(131,796

)

Net cash from operating activities

(300,480

)

1,041,907

Cash flows from investing activities

Purchase of tangible fixed assets

(289,550

)

(157,346

)

Sale of tangible fixed assets

27,000

18,650

Interest received

93,248

80,313

Net cash from investing activities

(169,302

)

(58,383

)

Cash flows from financing activities

Amount withdrawn by directors

-

(345,793

)

Net cash from financing activities

-

(345,793

)

(Decrease)/increase in cash and cash equivalents

(469,782

)

637,731

Cash and cash equivalents at beginning of year

2

3,622,674

2,984,943

Cash and cash equivalents at end of year

2

3,152,892

3,622,674

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

31.8.25

31.8.24

£

£

Profit before taxation

3,908

210,805

Depreciation charges

77,046

124,745

Profit on disposal of fixed assets

(6,883

)

(12,366

)

Finance costs

44,865

50,871

Finance income

(93,248

)

(80,313

)

25,688

293,742

Decrease/(increase) in trade and other debtors

2,303,974

(3,962,743

)

(Decrease)/increase in trade and other creditors

(2,424,596

)

4,893,575

Cash generated from operations

(94,934

)

1,224,574

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 August 2025

31.8.25

1.9.24

£

£

Cash and cash equivalents

3,152,892

3,622,674

Year ended 31 August 2024

31.8.24

1.9.23

£

£

Cash and cash equivalents

3,622,674

2,984,943

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.9.24

Cash flow

At 31.8.25

£

£

£

Net cash

Cash at bank

3,622,674

(469,782

)

3,152,892

3,622,674

(469,782

)

3,152,892

Total

3,622,674

(469,782

)

3,152,892

1.	STATUTORY INFORMATION

QUALITY FREIGHT 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.

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.

Turnover

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

Tangible fixed assets

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

Improvements to property

-

5% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

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

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

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

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.

Income recognition

Income is recognised when services have been completed such that the risks and rewards of ownership have transferred to the customer.

3.	EMPLOYEES AND DIRECTORS

31.8.25

31.8.24

£

£

Wages and salaries

11,543,553

11,759,047

Social security costs

1,504,946

1,436,235

Other pension costs

158,115

216,188

13,206,614

13,411,470

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

31.8.25

31.8.24

Directors

1

1

Employees

162

184

163

185

31.8.25

31.8.24

£

£

Director's remuneration

874,550

417,000

Information regarding the highest paid director is as follows:

31.8.25

31.8.24

£

£

Emoluments etc

874,550

417,000

4.	OPERATING (LOSS)/PROFIT

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

31.8.25

31.8.24

£

£

Depreciation - owned assets

77,046

124,745

Profit on disposal of fixed assets

(6,883

)

(12,366

)

Foreign exchange differences

97,585

2,725

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

31.8.25

31.8.24

£

£

Bank charges & interest

44,865

50,871

6.

TAXATION

Analysis of the tax (credit)/charge

The tax (credit)/charge on the profit for the year was as follows:

31.8.25

31.8.24

£

£

Current tax:

UK corporation tax

(34,940

)

160,681

Deferred tax

31,070

-

Tax on profit

(3,870

)

160,681

UK corporation tax was charged at 24.42%) in 2024.

Reconciliation of total tax (credit)/charge included in profit and loss

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

31.8.25

31.8.24

£

£

Profit before tax

3,908

210,805

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 24.418%)

977

51,474

Effects of:

Expenses not deductible for tax purposes

4,580

4,707

Income not taxable for tax purposes

1,721

(3,020

)

Capital allowances in excess of depreciation

(37,076

)

(9,185

)

Utilisation of tax losses

29,798

-

Tax payable under S455 CTA 2010

-

116,705

Deferred tax

31,070

-

Tax credit from losses carried back

(34,940

)

-

Total tax (credit)/charge

(3,870

)

160,681

7.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 September 2024

35,438

267,078

45,931

620,683

969,130

Additions

-

13,803

89,995

185,752

289,550

Disposals

-

-

(45,931

)

-

(45,931

)

At 31 August 2025

35,438

280,881

89,995

806,435

1,212,749

DEPRECIATION

At 1 September 2024

1,181

139,499

24,939

499,778

665,397

Charge for year

1,772

20,477

6,500

48,297

77,046

Eliminated on disposal

-

-

(25,814

)

-

(25,814

)

At 31 August 2025

2,953

159,976

5,625

548,075

716,629

NET BOOK VALUE

At 31 August 2025

32,485

120,905

84,370

258,360

496,120

At 31 August 2024

34,257

127,579

20,992

120,905

303,733

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

9,356,665

11,558,468

Other debtors

16,246

12,625

Directors' current accounts

527,045

527,045

Tax

34,940

-

VAT

153,367

155,280

Prepayments

401,812

505,691

10,490,075

12,759,109

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade creditors & accruals

9,312,943

11,723,152

Corporation Tax

-

160,681

Other taxes & PAYE

388,088

407,326

Other creditors

16,101

11,250

9,717,132

12,302,409

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.8.25

31.8.24

£

£

Within one year

465,054

377,930

Between one and five years

828,422

856,830

1,293,476

1,234,760