REGISTERED NUMBER: 08650737 (England and Wales)

Strategic Report, Report of the Directors and

Audited Financial Statements

for the Year Ended 31 August 2025

for

The Indie Stone Ltd

Page

Company Information

1

Strategic Report

2

Report of the Directors

5

Report of the Independent Auditors

7

Statement of Income and Retained Earnings

11

Balance Sheet

12

Cash Flow Statement

13

Notes to the Cash Flow Statement

14

Notes to the Financial Statements

15

DIRECTORS:

A Hodgetts

W Porter

C Simpson

M Siu-Chong

REGISTERED OFFICE:

Northern Design Centre

Abbotts Hill

Baltic Business Quarter

Gateshead

Tyne and Wear

NE8 3DF

REGISTERED NUMBER:

08650737 (England and Wales)

SENIOR STATUTORY AUDITOR:

Simon Hook FCCA

AUDITORS:

Clive Owen LLP

Chartered Accountants and Statutory Auditors

Kepier House

Belmont Business Park

Durham

DH1 1TW

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

INTRODUCTION

The Indie Stone's business is relatively simple. We release updates to a videogame that we first released in 2011 - all customers get free updates to their game, but with each update we gain a huge new influx of new customers.

In the periods between versions, sometimes up to two or three years apart, a general flow of new customers does not start to dwindle due to the general virality (and high quality) of the game. Sales within this financial year remained high in the wake of the continued success of Build 41, and during anticipation for Build 42.

Our primary outgoings are our staff costs, the licenses for the software we use, our equipment and our expenditure on support team companies such as Vertex Break, TEA Games and Formosa UK. Throughout the financial year in question, and beyond, these costs have proven easily covered by the game's ongoing success.

The principal markers of our success are the Company's performances in Steam sales. To an extent, the Company's trading during a calendar year can be seasonal, as is typical in the games industry, with peak trading taking place mainly in midsummer and around Christmas.

These are always the points of highest sales and profits for all games studios who sell on this storefront. During the financial year in question The Indie Stone received high sales figures during Steam sales, as well as prominent placement from the store owners themselves.

REVIEW OF THE BUSINESS

The Indie Stone still finds itself in buoyant financial health, with ongoing high profits through the development of the ongoing public beta of Build 42 of Project Zomboid.

This financial year ended eight months after the unstable test release of Build 42, prior to the recent launch of its multiplayer component. The year has seen TIS continue to refine and improve the experience, and anticipate its full launch in the next financial year.

New roles in the realms of Art, Production, Code and Design have been opened and filled. Expertise brought in from new colleagues, meanwhile, has led to new design pipelines, code repositories, task management systems and plans for future added stability for players, developers and community modders alike.

FINANCIAL POSITION

The company continues to find itself in a period of profit that has endured since the viral success of Build 41 of the game Project Zomboid.

Project Zomboid is the Studio's only product, and has been since the game's inception in 2011. It is sold worldwide on the PC, Mac and Linux videogame distribution portal Steam (which accounts for over 95% of sales) and also online distributors such as GOG and the Humble Store.

Due to the online sale and distribution of Project Zomboid, and the ways in which it is marketed organically by its users - on sites such as YouTube, Twitch and many others - The Indie Stone have very few outgoings beyond staff costs, software licensing and the payment of companies that we work alongside such as Vertex Break (multiplayer), TEA Games (development assistance), and Formosa UK / Arrival (sound).

Our asset is the game itself, a product that continues to sell beyond all expectation - and the Directors are confident that it will continue to do so. The game is now also a recognisable gaming brand, and to this extent we have been trademarking it worldwide. We have no significant trading liabilities, and the financial position of the Company therefore remains extremely strong.

The overall videogame industry remains in a state of tumult, but primarily only for new and risky products, or larger companies with over-expanded teams.

Our considerable profits, and the steady build-up of cash reserves in previous years, mean that the Directors feel there is next to zero risk of exposure to price risk, credit risk, liquidity risk or cash flow.

We have no trading debts, and with a settled team and we anticipate only further profit and growth within the current financial year and beyond. The Company does not undertake any hedging protection against specific material forecast transactions, which policy the Directors are satisfied is appropriate to the business.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors and management of the company see risk management as an integral aspect of managing the business. The principal risks faced by the company are:

Retention of key staff

The primary risk to Project Zomboid during the financial year in question was in balancing staff reorganisation, new management and tasks systems, and new code repository systems - alongside the continued development of Build 42. This difficulty was, overall, surmounted - and is already providing benefits in both the short and medium/long-terms.

Volatility of gaming industry

Another risk or uncertainty is that of the games industry itself, video game development studios remain in a state of contraction despite occasional glimpses of green shoots for the future. There are many lay-offs in the UK, and uncertainties created through the increasing prevalence of AI, and many risky projects are still failing on first contact with the public or cancelled before they get that far.

As a one game studio with a long-established and popular game/brand, however, The Indie Stone thankfully has proved unscathed by this.

Foreign currency risk

Foreign exchange rate risk is always present with main exposure arising from sales through the steam system being recognised in dollars. The directors monitor exchange rates closely and mitigates risk by limiting the number of foreign exchange transactions.

FUTURE DEVELOPMENTS AND R&D

The next version of Project Zomboid was released as a test version in December 2024, and its an unstable version of its Multiplayer component was released to the public in December 2025. It is anticipated that it will be fully released within the next financial year.

During this time we have also been researching and developing new technologies for improved character physics in the game, plus a strong push into our plans for the further future of the game that include a rewrite of its base foundational code.

HIRING, TRAINING AND CAREER DEVELOPMENT

The Indie Stone are committed to being an inclusive and supportive employer. We focus on both personal and career development of our employees - we are an equal opportunities hirer with workers of many different ethnic backgrounds, genders and sexualities. We are especially proud to be a safe harbour for neurodivergent people, who may otherwise have struggled to find understanding and supportive employers elsewhere.

We are, primarily, a fully remote company - Directors and workforce operate together in unison focussed on a single project. We are open and responsibility transparent, regularly discussing the Company's direction - and take on board both opinions and criticism - either in an open forum, or on a private discussion channel.

In terms of career development we have been sure to introduce new software and code regimes in line with the games industry best practice, to ensure all our teams are consistently learning and working to a high standard that will benefit them all during their current and future career in video game development.

This year, again, we have continued our use of a HR specialist to ensure that we continue to give a good service to both our employees and our contractors.

FINANCIAL KEY PERFORMANCE INDICATORS

The table below shows the key performance indicators used by the company to manage the business:

2025

2024

£

£

Revenue

14,176,508

15,495,873

Gross profit (%)

78.8%

82.9%

Operating profit

8,305,718

10,883,888

EBITDA

8,331,685

10,906,108

ON BEHALF OF THE BOARD:

C Simpson - Director

27 May 2026

The directors present their 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 Ready-made interactive leisure and entertainment software development.

DIVIDENDS

The total distribution of dividends for the year ended 31 August 2025 was £1,960,784 (2024: £2,040,816).

DIRECTORS

The directors shown below have held office during the whole of the period from 1 September 2024 to the date of this report.

A Hodgetts

W Porter

C Simpson

M Siu-Chong

DISCLOSURE IN THE STRATEGIC REPORT

The following information, which would otherwise be disclosed in the directors report, is instead disclosed in the strategic report, as permitted by s414C (11) of the companies act 2006:

- principal risks and uncertainties

- future developments

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.

AUDITORS

The auditors, Clive Owen LLP, are deemed to be reappointed under section 487(2) of the Companies Act 2006.

ON BEHALF OF THE BOARD:

C Simpson - Director

27 May 2026

Opinion

We have audited the financial statements of The Indie Stone Ltd (the 'company') for the year ended 31 August 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet, 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 directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

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

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

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Matters on which we are required to report by exception

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

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

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

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

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

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

Responsibilities of directors

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

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

Auditors' responsibilities for the audit of the financial statements

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

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

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. Our audit must be alert to the risk of manipulation of the financial statements and seek to understand the incentives and opportunities for management to achieve this.

We have undertaken the following procedures to identify and respond to these risks of non-compliance:

- Understanding the key legal and regulatory frameworks that are applicable to the Company. We communicated identified laws and regulations throughout the audit team and remained alert to any indications of non-compliance throughout the audit. We determined the most significant of these to be financial reporting legislation, company law, taxation legislation, health & safety, data protection and employment law.

- Enquiry of directors and management as to policies and procedures to ensure compliance and any known instances of non-compliance.

- Enquiry of directors and management as to areas of the financial statements susceptible to fraud and how these risks are managed.

- Challenging management on assumptions and judgements made in the preparation of the financial statements. We have documented the most significant of these in the accounting policies.

- Identifying and testing unusual journal entries, with a particular focus on manual journal entries.

Through these procedures, we did not become aware of actual or suspected non-compliance.

We planned and performed our audit in accordance with auditing standards but owing to the inherent limitations of procedures required in these areas, there is an unavoidable risk that we may not have detected a material misstatement in the accounts. The further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve concealment, collusion, forgery, misrepresentations, or override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

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.

Simon Hook FCCA (Senior Statutory Auditor)

for and on behalf of Clive Owen LLP

Chartered Accountants and Statutory Auditors

Kepier House

Belmont Business Park

Durham

DH1 1TW

27 May 2026

TURNOVER

3

14,176,508

15,495,873

Cost of sales

(3,007,023

)

(2,635,994

)

GROSS PROFIT

11,169,485

12,859,879

Administrative expenses

(2,863,767

)

(2,073,453

)

8,305,718

10,786,426

Other operating income

-

97,462

OPERATING PROFIT

5

8,305,718

10,883,888

Interest receivable and similar income

23,152

-

8,328,870

10,883,888

Interest payable and similar expenses

6

-

(79,081

)

PROFIT BEFORE TAXATION

8,328,870

10,804,807

Tax on profit

7

(2,088,889

)

(2,707,745

)

PROFIT FOR THE FINANCIAL YEAR

6,239,981

8,097,062

Retained earnings at beginning of year

27,916,047

21,859,801

Dividends

8

(1,960,784

)

(2,040,816

)

RETAINED EARNINGS AT END OF YEAR

32,195,244

27,916,047

FIXED ASSETS

Tangible assets

9

47,754

40,154

CURRENT ASSETS

Debtors

10

824,339

816,899

Cash at bank

31,816,403

28,872,902

32,640,742

29,689,801

CREDITORS

Amounts falling due within one year

11

(481,114

)

(1,805,820

)

NET CURRENT ASSETS

32,159,628

27,883,981

TOTAL ASSETS LESS CURRENT LIABILITIES

32,207,382

27,924,135

PROVISIONS FOR LIABILITIES

12

(11,938

)

(7,888

)

NET ASSETS

32,195,444

27,916,247

CAPITAL AND RESERVES

Called up share capital

13

200

200

Retained earnings

14

32,195,244

27,916,047

SHAREHOLDERS' FUNDS

32,195,444

27,916,247

The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2026 and were signed on its behalf by:

C Simpson - Director

Cash flows from operating activities

Cash generated from operations

1

8,386,758

11,141,767

Interest paid

-

(1,086

)

Tax paid

(3,116,013

)

(5,208,276

)

Net cash from operating activities

5,270,745

5,932,405

Cash flows from investing activities

Purchase of tangible fixed assets

(33,567

)

(30,394

)

Interest received

23,152

-

Net cash from investing activities

(10,415

)

(30,394

)

Cash flows from financing activities

Amount withdrawn by directors

(356,045

)

(252,389

)

Equity dividends paid

(1,960,784

)

(1,723,330

)

Net cash from financing activities

(2,316,829

)

(1,975,719

)

Increase in cash and cash equivalents

2,943,501

3,926,292

Cash and cash equivalents at beginning of year

2

28,872,902

24,946,610

Cash and cash equivalents at end of year

2

31,816,403

28,872,902

1.	RECONCILIATION OF PROFIT FOR THE FINANCIAL YEAR TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

Profit for the financial year

6,239,981

8,097,062

Depreciation charges

25,967

22,220

Finance costs

-

79,081

Finance income

(23,152

)

-

Taxation

2,088,889

2,707,745

8,331,685

10,906,108

Decrease in trade and other debtors

92,560

265,709

Decrease in trade and other creditors

(37,487

)

(30,050

)

Cash generated from operations

8,386,758

11,141,767

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

31,816,403

28,872,902

Year ended 31 August 2024

31.8.24

1.9.23

£

£

Cash and cash equivalents

28,872,902

24,946,610

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.9.24

Cash flow

At 31.8.25

£

£

£

Net cash

Cash at bank

28,872,902

2,943,501

31,816,403

28,872,902

2,943,501

31,816,403

Total

28,872,902

2,943,501

31,816,403

1.	STATUTORY INFORMATION

The Indie Stone Ltd 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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Significant judgements and estimates

The following judgements have been made in the process of applying the usual accounting policies that have had the most significant effect on amounts recognised in the financial statements:

Accrued income is provided for as revenue earned from steam sales will not have been invoiced. This is a material balance due to value of receipts commonly received from steam.

Turnover

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

Income recognition

Turnover from the sale of the service is recognised when the significant risks and rewards of ownership of the service have transferred to the buyer, usually upon point of sale.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Financial instruments

The company only enters into basic financial assets and liabilities, including trade and other debtors, trade and other creditors and cash and bank balances. These are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction or debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Such assets and liabilities are subsequently carried at amortised cost using the effective interest method with changes recognised in profit or loss.

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 and charged to profit and loss. 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.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

3.

TURNOVER

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

An analysis of turnover by geographical market is given below:

2025

2024

£

£

United Kingdom

511,392

613,363

Europe

3,015,918

2,763,183

Rest of World

10,649,198

12,119,327

14,176,508

15,495,873

4.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

902,111

602,235

Social security costs

80,494

62,536

Other pension costs

127,950

186,485

1,110,555

851,256

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

2025

2024

Management

4

4

Administration

8

6

12

10

Only the directors are considered to be key management.

2025

2024

£

£

Directors' remuneration

268,800

268,800

Directors' pension contributions to money purchase schemes

102,800

172,500

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

Money purchase schemes

4

4

Information regarding the highest paid director is as follows:

2025

2024

£

£

Emoluments etc

67,200

67,200

Pension contributions to money purchase schemes

25,700

47,900

5.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

£

Depreciation - owned assets

25,967

22,220

Auditors' remuneration

18,900

18,000

Foreign exchange differences

1,398,590

1,029,225

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Other interest

-

1,086

Corporation tax interest

-

77,995

-

79,081

7.

TAXATION

Analysis of the tax charge

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

2025

2024

£

£

Current tax:

UK corporation tax

2,084,839

2,705,768

Prior year under provision

-

716

Total current tax

2,084,839

2,706,484

Deferred tax

4,050

1,261

Tax on profit

2,088,889

2,707,745

Reconciliation of total tax charge included in profit and loss

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

2025

2024

£

£

Profit before tax

8,328,870

10,804,807

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

2,082,218

2,701,202

Effects of:

Expenses not deductible for tax purposes

4,521

6,610

Capital allowances in excess of depreciation

-

(783

)

Depreciation in excess of capital allowances

2,150

-

Adjustments to tax charge in respect of previous periods

-

716

Total tax charge

2,088,889

2,707,745

8.

DIVIDENDS

2025

2024

£

£

Ordinary shares of £1 each

Interim

1,960,784

2,040,816

9.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 September 2024

-

115,920

115,920

Additions

770

32,797

33,567

At 31 August 2025

770

148,717

149,487

DEPRECIATION

At 1 September 2024

-

75,766

75,766

Charge for year

40

25,927

25,967

At 31 August 2025

40

101,693

101,733

NET BOOK VALUE

At 31 August 2025

730

47,024

47,754

At 31 August 2024

-

40,154

40,154

10.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

81,323

14,065

Directors' current accounts

100,000

-

Prepayments and accrued income

643,016

802,834

824,339

816,899

11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

6,574

8,651

Corporation tax

363,954

1,395,128

Taxation and social security

33,750

14,131

Other creditors

-

47,529

Directors' current accounts

46,336

302,381

Accruals and deferred income

30,500

38,000

481,114

1,805,820

12.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

11,938

7,888