W.L. Coller Limited

	Page
Strategic Report	1
Directors' Report	2—4
Independent Auditor's Report	5—8
Profit and Loss Account	9
Statement of Comprehensive Income	10
Balance Sheet	11—12
Statement of Changes in Equity	13
Statement of Cash Flows	14
Notes to the Statement of Cash Flows	15
Notes to the Financial Statements	16—24

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

Review of the Business

W.L.Coller Limited was founded in 1939 and is a family owned independant paper merchant & manufacturing stationers supplying printers, schools, reprographics, stationers & signage companies and directo to customers via our own website.

The company is pleased to report sales of £7,281k which is down on the previous year but due to the very competitive trading enviroment the directors are pleased with the firms results.

Key Performance Indicators

	2025	2024
	£	£
Turnover	7,281,057	10,412,474
Gross Profit	2,300,554	2,671,508
Net profit	-£45,219	-£45,914
Gross profit %	31.59	25.64
Debtor days	58.3	45.1
Creditor days	41.6	46.7

Other Key Performance Indicators.

The directors consider customer satisfaction and given we operate a "cutting room service" where we can perforate punch and wrap to the exact specifications of it clients ensures quality and already enhance our established reputation. Customer satisfaction is continually monitored with KPI such as repeat orders , complaints and ontime deliveries.

Non KPI are important measure for our woners and board to assess the impact the business is having on our key stakeholders such as customers, suppliers and employees.

On behalf of the board

Mr P H Merry

Director

31 May 2026

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W.L. Coller Limited

Company No. 00357066

Directors' Report For The Year Ended 31 August 2025

Directors' Report

The directors present their report and the financial statements for the year ended 31 August 2025.

Principal Activity

The company's principal activity continues to be that of manufacturing stationers and paper merchants.

Directors

The directors who held office during the year were as follows:

Mr D S H Merry

Mr P H Merry

Employees

It is the policy of the company to encourage and develop all members of staff to realise their maximum potential.

Wherever possible, vacancies are filled from within the company and adequate opportunities for internal

promotion are created.

The company is committed to a systematic training policy and the company has a comprehensive training and development program creating the opportunity for employees to maintain and improve their performance and to develop their potential to a maximum level of attainment.

In this way, staff will make their best possible contribution to the company's success. The company supports the principle

of equal opportunities in employment and opppose all forms of unlawful or unfair discrimination on the grounds of race, age nationality, religion, ethnic or national origin, sexual orientation, gender or gender reassignment, marital status or disability.

The company's policy is to recruit disabled workers for those vacancies that they are able to fill. All necessary assistance

with initial training is given. Once employed, a career plan is developed so as to ensure suitable opportunities for each

disabled person. Arrangements are made, whereever possible, for training employees who become disabled to enable

them to perform work indentified as appropriate to their atitudes and abilities.

Employee Engagement Statement

It is the policy of the company to encourage and develop all members of staff to realise their maximum potential.

Wherever possible, vacancies are filled from within the company and adequate opportunities for internal

promotion are created.

In this way, staff will make their best possible contribution to the company's success. The company supports the principle

The company's policy is to recruit disabled workers for those vacancies that they are able to fill. All necessary assistance

...CONTINUED

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W.L. Coller Limited

Directors' Report (continued)

For The Year Ended 31 August 2025

Employee Engagement Statement - continued

with initial training is given. Once employed, a career plan is developed so as to ensure suitable opportunities for each

disabled person. Arrangements are made, whereever possible, for training employees who become disabled to enable

them to perform work indentified as appropriate to their atitudes and abilities.

Statement of Engagement with Suppliers, Customers and Others in a Business Relationship with the Company

In conducting its corporate activities W L Coller Limited engages with individuals of a variety of interest. The major stakeholders of W L Coller Limited are customers, to whom we provide products the employees with whom we work, our business partners, including suppliers, clients and the communities in which we do business. We also focus on the environment, on which our business activities can have both positive and negative impacts. We pursue a customer- oriented and quality - conscious management, transparent and sound managements and the policies of "valuing people" and "harmony with society".

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' Report 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, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', 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 the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
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.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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W.L. Coller Limited

Directors' Report (continued)

For The Year Ended 31 August 2025

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Independent Auditors

The auditors, Marsden & Co, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

On behalf of the board

Mr P H Merry

Director

28 May 2026

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Independent Auditor's Report

to the Members of

W.L. Coller Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of W.L. Coller Limited for the year ended 31 August 2025 which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity, Cash Flow Statement and the related notes, 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 (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

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/(loss) 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 Auditor's 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 entity's ability to continue as a going concern for a period of at least 12 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 other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. 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.

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Independent Auditor's Report (continued)

to the Members of

W.L. Coller Limited

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 Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report 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 Directors' Report.

We have nothing to report in respect of the following matters in relation to which 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 or 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 Directors' Responsibilities Statement set out on page 2—4, 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 is 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.

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Independent Auditor's Report (continued)

to the Members of

W.L. Coller Limited

Auditor's 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 an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

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

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

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:

•we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge;

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

•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;

•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 www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

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Independent Auditor's Report (continued)

to the Members of

W.L. Coller Limited

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 that we are required to state to them in an auditor's report 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.

Philip Mendelson BA FCA (Senior Statutory Auditor)

for and on behalf of Marsden & Co , Statutory Auditor

28 May 2026

Marsden & Co

Chartered Accountants and Registered Auditors

41 Knowsley Street

Bury

BL9 0ST

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W.L. Coller Limited

Profit and Loss Account

For The Year Ended 31 August 2025

Profit and Loss Account

		2025	2024
	Notes	£	£
TURNOVER	3	7,282,504	10,418,352
Cost of sales		(5,044,122 )	(7,746,844 )

GROSS PROFIT		2,238,382	2,671,508

Administrative expenses		(2,392,568 )	(2,845,593 )
Other operating income		111,307	134,401

OPERATING LOSS	5	(42,879 )	(39,684 )
Loss on disposal of fixed assets		(1,552 )	(3,974 )
Interest payable and similar charges	10	(788 )	(2,256 )

LOSS BEFORE TAXATION		(45,219 )	(45,914 )
Tax on Loss	11	(25,981 )	(141,078 )

LOSS AFTER TAXATION BEING LOSS FOR THE FINANCIAL YEAR		(71,200 )	(186,992 )

The notes on pages 15 to 24 form part of these financial statements.

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W.L. Coller Limited

Statement of Comprehensive Income

For The Year Ended 31 August 2025

Statement of Comprehensive Income

	2025	2024
	£	£
LOSS FOR THE FINANCIAL YEAR	(71,200 )	(186,992 )
OTHER COMPREHENSIVE INCOME FOR THE YEAR	-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR	(71,200)	(186,992)

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W.L. Coller Limited

Balance Sheet

As At 31 August 2025

Balance Sheet

Registered number: 00357066

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	12		3,639,688		3,747,400
Investments	13		100		100

			3,639,788		3,747,500
CURRENT ASSETS
Stocks	14	2,333,453		2,352,386
Debtors	15	1,138,876		1,283,212
Cash at bank and in hand		1,251,684		1,651,474

		4,724,013		5,287,072
Creditors: Amounts Falling Due Within One Year	16	(839,512 )		(1,458,081 )

NET CURRENT ASSETS (LIABILITIES)			3,884,501		3,828,991

TOTAL ASSETS LESS CURRENT LIABILITIES			7,524,289		7,576,491

PROVISIONS FOR LIABILITIES
Deferred Taxation			(95,567 )		(76,569 )

NET ASSETS			7,428,722		7,499,922

CAPITAL AND RESERVES
Called up share capital	18		151,502		151,502
Revaluation reserve			2,082,889		2,127,489
Profit and Loss Account			5,194,331		5,220,931

SHAREHOLDERS' FUNDS			7,428,722		7,499,922

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W.L. Coller Limited

Balance Sheet (continued)

As At 31 August 2025

On behalf of the board

Mr P H Merry

Director

28 May 2026

The notes on pages 15 to 24 form part of these financial statements.

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W.L. Coller Limited

Statement of Changes in Equity

For The Year Ended 31 August 2025

Statement of Changes in Equity

	Share Capital	Revaluation reserve	Profit and Loss Account	Total
	£	£	£	£
As at 1 September 2023	151,502	2,172,089	5,389,129	7,712,720
Loss for the year and total comprehensive income	-	-	(186,992 )	(186,992)

Dividends paid	-	-	(25,807)	(25,807)
Transfer from revaluation reserve	-	-	44,601	44,601
Transfer to/from Profit & Loss Account	-	(44,600 )	-	(44,600)

As at 31 August 2024 and 1 September 2024	151,502	2,127,489	5,220,931	7,499,922


Loss for the year and total comprehensive income	-	-	(71,200 )	(71,200)

Transfer from revaluation reserve	-	-	44,600	44,600
Transfer to/from Profit & Loss Account	-	(44,600 )	-	(44,600)

As at 31 August 2025	151,502	2,082,889	5,194,331	7,428,722

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W.L. Coller Limited

Statement of Cash Flows

For The Year Ended 31 August 2025

Statement of Cash Flows

		2025	2024
	Notes	£	£
Cash flows from operating activities
Net cash (used in)/generated from operations	1	(364,886 )	730,580
Interest paid		(788 )	(2,256 )
Tax paid		(2,411 )	-

Net cash (used in)/generated from operating activities		(368,085 )	728,324

Cash flows from investing activities
Purchase of tangible assets		(26,403 )	(58,817 )

Cash flows from financing activities
Equity dividends paid		-	(25,807 )
Amount withdrawn by directors		(5,302)	(5,145)

Net cash used in financing activities		(5,302 )	(30,952 )



(Decrease)/increase in cash and cash equivalents		(399,790 )	638,555
Cash and cash equivalents at beginning of year	2	1,651,474	1,012,919

Cash and cash equivalents at end of year	2	1,251,684	1,651,474

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W.L. Coller Limited

Notes to the Statement of Cash Flows

For The Year Ended 31 August 2025

Notes to the Statement of Cash Flows

1. Reconciliation of loss for the financial year to cash (used in)/generated from operations

	2025	2024
	£	£
Loss for the financial year	(71,200 )	(186,992 )
Adjustments for:
Tax on loss	25,981	141,078
Interest expense	788	2,257
Depreciation of tangible assets	132,563	139,621
Loss on disposal of tangible assets	1,552	3,974
Movements in working capital:
Decrease in stocks	18,933	118,307
Decrease in trade and other debtors	144,257	690,874
Decrease in trade and other creditors	(617,760 )	(178,539 )

Net cash (used in)/generated from operations	(364,886 )	730,580

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2025	2024
	£	£
Cash at bank and in hand	1,251,684	1,651,474

3. Analysis of changes in net funds

	As at 1 September 2024	Cash flows	As at 31 August 2025
	£	£	£
Cash at bank and in hand	1,651,474	(399,790)	1,251,684

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W.L. Coller Limited

Notes to the Financial Statements

For The Year Ended 31 August 2025

Notes to the Financial Statements

1. General Information

W.L. Coller Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00357066 . The registered office is Petersgate Mill, Unit 1 - 4 Holloway Drive, Wardley Industrial Estate, Worsley, M28 2LA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors believe that the going concern basis is not appropriate as the company has no realistic alternative but to cease trading.The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.The financial statements have been prepared on a going concern basis. The directors have reviewed and considered relevant information in making their assessment. The directors have taken into account the effects on the company and have reviewed a period of exceeding 12 months from the date of approval of these financial statements. The directors have a reasonable expectation that it has adequate resources to continue operational existence and for this reason will continue to adopt the going concern basis in the preparation of its financial statements.

2.3. Significant judgements and estimations

The company estimates the useful economic lives and residual values of tangible fixed assets for the purpose of calculating depreciation. These estimates are based on historical experience, expected usage of the assets, anticipated technological developments and management's assessment of future conditions. Changes in these assumptions could affect the amount of depreciation charged in future periods and the carrying value of assets

2.4. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:

• the company has transferred to the buyer the significant risks and rewards of ownership of the goods;

• the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

• the amount of revenue can be measured reliably;

• it is probable that the economic benefits associated with the transaction will flow to the company; and

...CONTINUED

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W.L. Coller Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.4. Turnover - continued

• the costs incurred or to be incurred in respect of the transition can be measured reliably.

Specifically, revenue from the sale of goods is recognised when the goods are delivered and legal title has passed.

Rental Income

Rental income from properties is recognised in the profit and loss account on a straight-line basis over the period of the lease. Rental income is recognised when it is probable that the economic benefits associated with the transaction will flow to the company and the amount can be measured reliably.

Royalty Income

Royalty income is recognised in the profit and loss account on an accruals basis, when it is probable that the economic benefits associated with the transaction will flow to the company and the amount can be measured reliably.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% on a straight line basis
Plant & Machinery	At variable rates on a reducing balance basis
Fixtures & Fittings	25% on a reducing balance basis
Computer Equipment	25% on a reducing balance basis

The company has adopted the revaluation model to revalue items of freehold property whose fair value can be measured reliably. The revaluations shall be made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the end of the reporting period.

The fair value of land and buildings is usually determined from market-based evidence by appraisal that is normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in the Statement of Financial Activities and added to reserves in a separate Revaluation reserve.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.

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W.L. Coller Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.7. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.8. Financial Instruments

Financial assets and financial liabilities are recognised when the the company becomes a party to the contractual provisions of the financial instrument.

Cash and cash equivalents

These comprise cash at bank and other short-term highly liquid bank deposits with an original maturity of three months or less.

Debtors

Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.

Trade creditors

Trade creditors are not interest bearing and are stated at their nominal value.

2.9. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

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W.L. Coller Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

3. Turnover

Analysis of turnover by geographical market is as follows:

	2025	2024
	£	£
United Kingdom	7,282,504	10,418,352

	7,282,504	10,418,352

4. Other Operating Income

	2025	2024
	£	£
Royalties and similar income	38,569	61,407
Rental income	36,750	27,000
Other operating income	35,988	45,994

	111,307	134,401

5. Operating Loss

The operating loss is stated after charging:

	2025	2024
	£	£
Bad debts	14,741	30,936
Operating lease rentals	-	34,528
Depreciation of tangible fixed assets	132,563	139,621

6. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2025	2024
	£	£
Audit Services
Audit of the company's financial statements	6,500	6,500


Other Services
Other non-audit services	2,082	3,328

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W.L. Coller Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

7. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2025	2024
	£	£
Wages and salaries	1,153,457	1,309,262
Social security costs	102,667	112,966
Other pension costs	26,313	146,927

	1,282,437	1,569,155

8. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2025	2024
Office and administration	38	40

	38	40

9. Directors' remuneration

	2025	2024
	£	£
Emoluments	72,171	89,666
Company contributions to money purchase pension schemes	6,156	126,156

	78,327	215,822

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

	2025		2024
Money purchase pension schemes	2		2

Information regarding the highest paid director was as follows:

	2025	2024
	£	£
Emoluments	43,000	89,666
Company contributions to money purchase pension schemes	6,156	126,156

	49,156	215,822

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W.L. Coller Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

10. Interest Payable and Similar Charges

	2025	2024
	£	£
Bank loans and overdrafts	698	2,248
Other finance charges	90	8

	788	2,256

11. Tax on Profit

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

	Tax Rate		2025	2024
	2025	2024	£	£
Current tax
UK Corporation Tax	19.0%	19.0%	6,983	2,411
Deferred Tax
Deferred taxation			18,998	138,667


Total tax charge for the period			25,981	141,078

The actual charge for the year can be reconciled to the expected credit for the year based on the loss and the standard rate of corporation tax as follows:

	2025	2024
	£	£
Profit before tax	(45,219)	(45,914)

Tax on profit at 19% (UK standard rate)	6,983	2,411
Short term timing differences	18,998	138,667

Total tax charge for the period	25,981	141,078

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Page 22

W.L. Coller Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

12. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost or Valuation
As at 1 September 2024	4,050,000	505,879	32,615	34,772	4,623,266
Additions	-	7,736	270	18,397	26,403
Disposals	-	(21,562 )	-	-	(21,562 )

As at 31 August 2025	4,050,000	492,053	32,885	53,169	4,628,107

Depreciation
As at 1 September 2024	535,995	298,628	21,055	20,188	875,866
Provided during the period	36,400	40,360	2,958	8,245	87,963
Disposals	-	(20,010 )	-	-	(20,010 )
On revaluations	44,600	-	-	-	44,600

As at 31 August 2025	616,995	318,978	24,013	28,433	988,419

Net Book Value
As at 31 August 2025	3,433,005	173,075	8,872	24,736	3,639,688

As at 1 September 2024	3,514,005	207,251	11,560	14,584	3,747,400

The company property has been valued on 19 April 2024 by Edwards Property Consultants Chartered Surveyors in accordance with the RICS Code of Measurement Practice.

13. Investments

	Unlisted
	£
Cost or Valuation
As at 1 September 2024	100

As at 31 August 2025	100

Provision
As at 1 September 2024	-

As at 31 August 2025	-

Net Book Value
As at 31 August 2025	100

As at 1 September 2024	100

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W.L. Coller Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

14. Stocks

	2025	2024
	£	£
Materials	2,333,453	2,352,386

15. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	969,343	1,072,713
Other debtors	169,533	210,499

	1,138,876	1,283,212

16. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	473,729	826,453
Other creditors	47,143	302,278
Corporation tax	6,983	2,411
Taxation and social security	263,402	278,880
Accruals and deferred income	48,255	48,059

	839,512	1,458,081

Included within other creditors is a loan to W L Coller (Property) LLP.

Of the creditors the following amounts are secured.

17. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 September 2024	76,569	76,569
Additions	18,998	18,998

Balance at 31 August 2025	95,567	95,567

The provision for liabilities relates to deferred tax.

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W.L. Coller Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

18. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
150,000 Ordinary Shares of £ 1.000 each	150,000	150,000
1,500 Ordinary B shares of £ 1.000 each	1,500	1,500
1 Ordinary C shares of £ 1.000 each	1	1
1 Ordinary D shares of £ 1.000 each	1	1

	151,502	151,502

19. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

During the year the charge to the profit and loss account in respect of defined contribution schemes was £26,313 (2024: £146,927).

At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.

20. Dividends

	2025	2024
	£	£
On equity shares:
Final dividend paid	-	25,807

21. Related Party Disclosures

Included within other creditors is £131 (2024 £250,000) to W L Coller LLP- who members are director of the company.

Page 24