REGISTERED NUMBER: 15138946 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 30 April 2025

for

Wiltech Acoustics Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

5

Profit and Loss Account

8

Balance Sheet

9

Statement of Changes in Equity

10

Notes to the Financial Statements

11

DIRECTORS:

L M Bradshaw

L Andrieux

REGISTERED OFFICE:

Heanor Gate Industrial Estate

Heanor Gate Road

Heanor

Derbyshire

DE75 7RJ

REGISTERED NUMBER:

15138946 (England and Wales)

AUDITORS:

Bates Weston Audit Ltd

Statutory Auditors

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

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

REVIEW OF BUSINESS

Wiltech Acoustics Limited designs, manufactures and installs specialist acoustic solutions across a range of industrial and infrastructure applications. As part of the wider Group, the Company supports complex power and engineering projects, providing integrated acoustic capability that enhances the Group's delivery of complex power and engineering solutions.

We aim to present a balanced and comprehensive review of the development and performance of the business during the past financial year and its position at the year-end. Our review is consistent with the size, nature and complexity of the business.

This report reflects the progress made by the business in the 12 months of trading to 30th April 2025. We consider that our key financial performance indicators are those that communicate the financial performance and strength of the business as a whole, those being turnover and profit margins.

Turnover for the period from 1st May 2024 to 30th April 2025 was £12,974,611.

The company's gross profit margin has decreased from 38.9% to 38.1% reflecting competitive pricing pressures on certain projects and a shift in project mix during the year.

The company has continued to invest in equipment, facilities, systems and staff to drive growth and improve control in the business. The benefits of these investments will be seen in the continued growth of the business in future periods.

The directors are satisfied with the results and year-end financial position, and the directors hope to achieve growth by additional contracts won, improved efficiencies and a continuous monitoring of overheads.

PRINCIPAL RISKS AND UNCERTAINTIES

The Board actively manages the risks associated with delivering the Company's strategy, with performance closely monitored in a competitive and evolving market.

Following its first full year of trading post-acquisition, the focus has been on embedding robust operational and financial controls to support efficient project delivery and sustainable growth. Ongoing improvements to processes, contract management and reporting continue to strengthen the business.

Backed by the continued support of the wider Group and its shareholders, the Board is confident in the Company's ability to manage risk effectively and capitalise on future opportunities.

FINANCIAL INSTRUMENTS

The company uses basic financial instruments such as hire purchase, finance leases and banking facilities to finance capital expenditure and growth.

Cash flow risk

Cash flow is carefully managed and the directors consider that the controls and facilities in place are adequate to meet the needs of the business.

Financial risk

The directors manage the company's exposure to financial risk by researching the credit worthiness of customers and by seeking advice from the company's providers of finance and its other external financial advisers.

Interest rate risk

The company finances its operations through a mixture of retained profits, bank borrowing and hire purchase leases.

Liquidity risk

The company seeks to manage financial risk by ensuring sufficient liquidity is available to meet foreseeable needs and to invest cash assets safely and profitably. Primarily this is achieved through bank borrowings and retained profits. The company policy throughout the period has been to ensure continuity of funding and short term flexibility was achieved by overdraft facilities.

Currency risk

Currency risk is restricted to the short term settlement of trading balances with customers and suppliers.

ORGANISATION

The directors continue to monitor the company's organisation and profitability in light of changes within a highly competitive industry. Changes are implemented where deemed appropriate in order to minimise the effects of the risks and uncertainties the company faces in retaining market share and maintaining margins.

RESEARCH AND DEVELOPMENT

The company continues to invest in the quality and design of its products believing that continued investment in research and development is fundamental to the growth of the business.

POST BALANCE SHEET EVENTS

After the year end, the company's ultimate parent undertaking, The Wilmott Group Limited, was acquired by Rehlko, a global power solutions business, now the Company's ultimate controlling party (via PE Discovery Energy Holdings L.P.). This marks a significant step forward, strengthening the Company's platform for growth through increased scale, capability and access to capital.

ON BEHALF OF THE BOARD:

L M Bradshaw - Director

22 May 2026

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of manufacture of metal structures and parts of structures.

DIVIDENDS

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

DIRECTORS

The directors who have held office during the period from 1 May 2024 to the date of this report are as follows:

L Andrieux, N J Matson and L M Bradshaw were appointed as directors after 30 April 2025 but prior to the date of this report.

V A Wilmott, C M Wilmott, N J Matson and A K Wilmott ceased to be directors after 30 April 2025 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

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

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

-	select suitable accounting policies and then apply them consistently;

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

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

ON BEHALF OF THE BOARD:

L M Bradshaw - Director

22 May 2026

Opinion

We have audited the financial statements of Wiltech Acoustics Limited (the 'company') for the year ended 30 April 2025 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 30 April 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.

Based on our understanding of the company and industry in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to the manufacture of metal structures and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006. Audit procedures performed by the engagement team included:

-

Enquiry of management around actual and potential litigation and claims;

-

Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

-

Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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.

Wayne Thomas FCA (Senior Statutory Auditor)

for and on behalf of Bates Weston Audit Ltd

Statutory Auditors

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

26 May 2026

TURNOVER

12,974,611

6,422,010

Cost of sales

8,030,705

3,922,474

GROSS PROFIT

4,943,906

2,499,536

Administrative expenses

3,516,089

1,758,910

OPERATING PROFIT

4

1,427,817

740,626

Interest receivable and similar income

-

2,888

1,427,817

743,514

Interest payable and similar expenses

5

13,984

1,047

PROFIT BEFORE TAXATION

1,413,833

742,467

Tax on profit

6

354,708

189,334

PROFIT FOR THE FINANCIAL YEAR

1,059,125

553,133

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,059,125

553,133

FIXED ASSETS

Intangible assets

7

190,043

212,623

Tangible assets

8

1,504,965

855,279

1,695,008

1,067,902

CURRENT ASSETS

Stocks

9

414,326

233,820

Debtors

10

14,249,498

5,571,777

Cash at bank

11,908

172,656

14,675,732

5,978,253

CREDITORS

Amounts falling due within one year

11

13,998,243

6,249,432

NET CURRENT ASSETS/(LIABILITIES)

677,489

(271,179

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,372,497

796,723

CREDITORS

Amounts falling due after more than one year

12

(403,792

)

(49,256

)

PROVISIONS FOR LIABILITIES

15

(351,447

)

(189,334

)

NET ASSETS

1,617,258

558,133

CAPITAL AND RESERVES

Called up share capital

16

5,000

5,000

Retained earnings

17

1,612,258

553,133

SHAREHOLDERS' FUNDS

1,617,258

558,133

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2026 and were signed on its behalf by:

L M Bradshaw - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Changes in equity

Profit for the period

-

553,133

553,133

Total comprehensive income

-

553,133

553,133

Issue of share capital

5,000

-

5,000

Balance at 30 April 2024

5,000

553,133

558,133

Changes in equity

Profit for the year

-

1,059,125

1,059,125

Total comprehensive income

-

1,059,125

1,059,125

Balance at 30 April 2025

5,000

1,612,258

1,617,258

1.	STATUTORY INFORMATION

Wiltech Acoustics 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.

The amounts presented for the prior period represent a 7 month period from incorporation to the designated year end date. As a result, comparative figures are not entirely comparable.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows.

Related party exemption

The company is a wholly owned subsidiary undertaking of The Wilmott Group Limited. The company has taken advantage of the exemption contained within Financial Reporting Standard 102 and has therefore not disclosed transactions with entities which form part of this group, other than as normally disclosed in the notes to the financial statements.

Turnover

Other than on certain long term contracts, turnover represents the amounts (excluding value added

tax) derived from the provision of goods, services and rentals charged under operating leases.

Turnover is recognised when the company has transferred the significant risks and rewards of

ownership to the buyer and it is probable that the company will receive the agreed upon payment. On

certain long term contracts, turnover represents the estimated sales value of the work performed in the

year.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being

amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment loss. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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

Plant and machinery

- 15% on reducing balance

Fixtures and fittings

- 25% on cost

Computer equipment

- 33% on cost

Motor vehicles

- 25% on reducing balance

The assets' residual values, useful lives and the depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within 'administrative expenses' in the profit and loss account.

Stock and work in progress

Stocks are valued at the lower of cost and net realisable value, after making due allowance for slow moving and obsolete items.

Work in progress cost includes direct labour. Cost represents the invoiced cost of materials and parts on an average cost basis and an appropriate amount of fixed and variable overheads.

Net realisable value is based on the estimated selling price less further costs expected to be incurred to completion and disposal.

At each reporting date, stock is assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less cost to complete the sell. The impairment loss is recognised immediately in the profit and loss amount.

Long term contract balances are stated at total costs incurred, net of amount transferred to the profit and loss account in respect of work carried out to sate, less foreseeable losses and applicable payment on accounts.

Hire purchase and leasing commitments

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

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

The company operates defined contribution plans for its employees. A defined contribution plan is pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as an expense when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Deferred tax

Deferred tax arises from timing differences that are differences between taxable total profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

A deferred tax asset is recognised only when it is more likely than not that there will be suitable taxable profits from which the future reversal of underlying timing differences and losses can be deducted.

Provision is made at current rates for taxation deferred in respect of all material timing differences.

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of

new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term highly liquid investments with original maturities of three months or less.

Judgements in applying accounting policies and key sources of estimation

In the application of the company's accounting policies the directors are required to make judgement estimates and assumptions about the carrying amounts of the company's assets and liabilities. These are based on historical experience and other factors that are considered relevant and are reviewed on a regular basis and recognised in the period in which the estimate is revised. Actual results may differ from these estimates.

The following are the critical judgements and where relevant the key sources of estimation uncertainty:

Tangible fixed assets are depreciated over their useful economic lives taking in to account their residual values where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing the asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken in to account. Residual values consider such things as future market conditions, the remaining life of the asset and projected disposal values.

The recoverability of debtors is assessed on the likelihood and circumstances of the particular cost.

The value of stock is assessed for impairment. In re-assessing the stock value, factors such as slow movement and obsolescence are taken in to account.

Long term contracts are those extending in excess of 12 months and any of a shorter duration which are material to the activity of the period. Attributable profit is recognised once the outcome of a long term contract can be assessed with reasonable certainty. Attributable profit is recognised on the cost percentage completion method. Immediate provision is made for all foreseeable losses if a contract is assessed as unprofitable.

3.	EMPLOYEES AND DIRECTORS

Period

14.9.23

Year Ended

to

30.4.25

30.4.24

£

£

Wages and salaries

2,821,579

1,511,439

Social security costs

274,005

152,615

Other pension costs

142,099

83,654

3,237,683

1,747,708

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

Period

14.9.23

Year Ended

to

30.4.25

30.4.24

Engineers and drivers

73

72

Management and administration

10

12

Directors

3

3

86

87

Period

14.9.23

Year Ended

to

30.4.25

30.4.24

£

£

Directors' remuneration

-

-

4.	OPERATING PROFIT

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

Year ended 30.4.25

Period 14.9.23 to 30.4.24

£

£

Hire of plant and machinery

149,973

77,346

Depreciation - owned assets

160,546

55,489

Depreciation - assets on hire purchase contracts

45,827

17,500

Loss on disposal of fixed assets

15,842

-

Goodwill amortisation

22,580

13,171

Auditors' remuneration for non audit work

1,284

2,450

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

Period

14.9.23

Year Ended

to

30.4.25

30.4.24

£

£

Bank interest

4,150

-

Hire purchase interest

9,834

1,047

13,984

1,047

6.

TAXATION

Analysis of the tax charge

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

Period

14.9.23

Year Ended

to

30.4.25

30.4.24

£

£

Current tax:

UK corporation tax

192,595

-

Deferred tax

162,113

189,334

Tax on profit

354,708

189,334

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:

Period

14.9.23

Year Ended

to

30.4.25

30.4.24

£

£

Profit before tax

1,413,833

742,467

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

353,458

185,617

Effects of:

Expenses not deductible for tax purposes

1,250

7,496

Other timing differences

-

861

Group relief

-

(4,640

)

Total tax charge

354,708

189,334

7.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

and 30 April 2025

225,794

AMORTISATION

At 1 May 2024

13,171

Amortisation for year

22,580

At 30 April 2025

35,751

NET BOOK VALUE

At 30 April 2025

190,043

At 30 April 2024

212,623

8.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 May 2024

845,039

24,016

-

59,213

928,268

Additions

687,277

27,219

112,839

51,232

878,567

Disposals

(26,636

)

-

-

-

(26,636

)

At 30 April 2025

1,505,680

51,235

112,839

110,445

1,780,199

DEPRECIATION

At 1 May 2024

63,913

363

-

8,713

72,989

Charge for year

160,782

9,421

13,080

23,090

206,373

Eliminated on disposal

(4,128

)

-

-

-

(4,128

)

At 30 April 2025

220,567

9,784

13,080

31,803

275,234

NET BOOK VALUE

At 30 April 2025

1,285,113

41,451

99,759

78,642

1,504,965

At 30 April 2024

781,126

23,653

-

50,500

855,279

The net book value of tangible fixed assets includes £671,408 (2024: £155,125) in respect of assets held under hire purchase contracts.

9.

STOCKS

2025

2024

£

£

Stocks

227,495

100,716

Work-in-progress

186,831

133,104

414,326

233,820

10.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

13,498,260

4,496,751

Amounts recoverable on contract

-

690,967

Other debtors

9,467

5,619

Prepayments

741,771

378,440

14,249,498

5,571,777

11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 13)

144,902

73,884

Payments on account

5,916,750

-

Trade creditors

3,144,978

1,542,053

Social security and other taxes

1,753,563

555,600

Other creditors

17,805

14,458

Amounts owed to group

undertakings

2,466,115

3,742,838

Accrued expenses

554,130

320,599

13,998,243

6,249,432

12.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 13)

403,792

49,256

13.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

144,902

73,884

Between one and five years

403,792

49,256

548,694

123,140

Non-cancellable

operating leases

2025

2024

£

£

Within one year

519,313

523,950

Between one and five years

766,750

261,975

1,286,063

785,925