REGISTERED NUMBER: 03615021 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

STANFORD COACH WORKS & MOBILITY

SERVICES LTD

Page

Company Information

1

Strategic Report

2

Report of the Director

3

Report of the Independent Auditors

4

Income Statement

8

Other Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Cash Flow Statement

12

Notes to the Cash Flow Statement

13

Notes to the Financial Statements

15

DIRECTOR:

Mr J Byrne

REGISTERED OFFICE:

12 High Street

Stanford le Hope

Essex

SS17 0EY

REGISTERED NUMBER:

03615021 (England and Wales)

AUDITORS:

Haslers Assurance LLP

Chartered Accountants & Statutory

Auditors

Old Station Road

Loughton

Essex

IG10 4PL

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

REVIEW OF BUSINESS

The key financial and other performance indicators during the year were as follows:

2025

2024

£

£

Turnover

18,892,884

19,187,166

Gross profit

4,036,798

3,378,308

Profit before tax

2,768,683

1,969,271

Current assets as % of current liabilities (current ratio)

322%

205%

Gross profit margin

21.4%

17.6%

Average number of employees

44

45

PRINCIPAL RISKS AND UNCERTAINTIES

Liquidity Risk

The director considers the liquidity risk to be low due to the cash reserves the company has built up over the last few financial years. Credit control is constantly reviewed to ensure that there is always significant capital to pay debts as they fall due.

Emerging Risk

The conflict in the Middle East provides some concerns as regards the possible effect on supply chains and price increases.

In October 2025 the company was sold to BVS Holdings Ltd.

The directors messers L Wiggins and J Rider are to remain employed by the company to ensure a smooth transition to the new ownership.

The current order book for the remainder of 2026 and 2027 is very good, and the company expects future profitability to remain consistent with 2025.

ON BEHALF OF THE BOARD:

Mr J Byrne - Director

28 May 2026

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of conversion and sale of welfare vehicles.

DIVIDENDS

The total distribution of dividends for the year ended 31 August 2025 will be £186,000 (2024: £528,000).

DIRECTORS

Mr J Byrne was appointed as a director on 16 October 2025.

Mr JC Rider , Mrs G Rider , Mr L Wiggins and Mrs S Wiggins ceased to be directors after 31 August 2025 but prior to the date of this report.

DIRECTOR'S RESPONSIBILITIES STATEMENT

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

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

-	select suitable accounting policies and then apply them consistently;

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

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

AUDITORS

The auditors, Haslers Assurance LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr J Byrne - Director

28 May 2026

Qualified Opinion

We have audited the financial statements of Stanford Coach Works & Mobility Services Ltd (the 'company') for the year ended 31 August 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion, except for the possible effects of the matter described in the basis for qualified opinion section of our report, 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 qualified opinion

We were not appointed as auditor for the company until after 31 August 2025 and the previous years were not audited. We therefore did not observer the counting of physical stock and work in progress at either 31 August 2024 or 31 August 2025. We were unable to satisfy ourselves by alternative means concerning the stock and work in progress quantities held at 31 August 2024 and 31 August 2025, which are included in the balance sheet at £678,648 and £239,876 respectively (2024: £635,235 and £306,629 respectively), by using other audit procedures.

Consequently, we were unable to determine whether any adjustment to this amount was necessary.

In addition, were any adjustment to the stock balance to be required, the strategic report would also need to be amended.

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 United Kingdom, including the Financial Reporting Council'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 qualified opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

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

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

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The director is 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. 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 course of 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.

As described in the basis for qualified opinion section of our report, we were unable to satisfy ourselves concerning the stock and work in progress quantities of £678,648 and £239,876 respectively at 31 August 2025 (2024: £635,235 and £306,629 respectively ). We have concluded that where the other information refers to the stock balance or related balances such as cost of sales, it may be materially misstated for this reason.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit, except for the possible effects of the matter described in the basis for qualified opinion section of our report:

- 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

Except for the matter described in the basis for qualified opinion section of our report, 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 Director's report.

Arising solely from the limitation on the scope of our work relating to stock and work in progress, referred to above

- we have not obtained all the information and explanation that we consider necessary for the purpose of our audit; and

- we were unable to determine whether adequate accounting records have been kept.

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 for our audit have not been received from branches not visited by us; or

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

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

Responsibilities of director

As explained more fully in the Director's responsibilities statement set out on page , the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines 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 director is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' 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.

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:

We obtained an understanding of the legal and regulatory frameworks that are applicable to the entity and determined that the most significant are those that:

- had a direct effect on the determination of material amounts and disclosures in the financial statements. These included the UK Companies Act and tax legislation etc; and

- do not have a direct effect on the financial statements but compliance with which may be fundamental to the company’s ability to operate or to avoid a material penalty. These include operational laws and regulations including health and safety regulations, environmental regulations, and GDPR.

We obtained an understanding of how the company are complying with those legal and regulatory frameworks by making enquiries with management and those responsible for legal and compliance frameworks. We corroborated our enquiries through review of correspondence with regulatory bodies and gaining an understanding of the entity level controls of the company in respect of these areas and the controls in place to reduce opportunity for fraudulent transactions.

We discussed among the audit engagement team including relevant internal tax specialists, regarding the opportunities and incentives, including management override of controls, that may exist within the organisation for fraud and how and where fraud might occur in the financial statements. We also communicated the applicable laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit.

As a result of performing the above, we identified the greatest potential for fraud in the following areas, and our specific procedures performed to address it are described below:

The principal risks related to management override in relation to posting of non-standard manual journals in respect of revenue and misstatement of expenses in relation to work in progress.

Procedures performed to address these were as follows:

- Walkthrough testing was carried out to identify and assess the design effectiveness of controls management have in place to prevent and detect fraud, including known of suspected instances or non-compliance with laws and regulations and fraud,

- Understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process,

- Using analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatements due to fraud,

- Assessing the appropriateness of accounting estimates and challenging any significant assumptions or judgements made by management,

- Incorporating testing of manual journal entries that were posted throughout the year. In particular, we focused on material journal entries, round sum journal entries, journal entries posted without descriptions. These were scrutinised for evidence of unusual entries,

- Reviewing revenue recognition policies and general policies in relation to work in progress. We assessed the accuracy and completeness of the management’s estimates,

- Evaluated the business rationale of any significant transactions that are unusual or outside the normal course of business.

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 Auditors' report.

Other matters

The financial statements of the entity for the year ended 31 August 2024 were not audited.

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.

Laura Ambrose BA(Hons) FCA (Senior Statutory Auditor)

for and on behalf of Haslers Assurance LLP

Chartered Accountants & Statutory

Auditors

Old Station Road

Loughton

Essex

IG10 4PL

28 May 2026

TURNOVER

4

18,892,884

19,187,166

Cost of sales

14,856,086

15,808,858

GROSS PROFIT

4,036,798

3,378,308

Administrative expenses

1,393,654

1,412,365

2,643,144

1,965,943

Other operating income

100,000

-

OPERATING PROFIT

6

2,743,144

1,965,943

Interest receivable and similar income

7

27,884

13,575

2,771,028

1,979,518

Interest payable and similar expenses

8

2,345

10,247

PROFIT BEFORE TAXATION

2,768,683

1,969,271

Tax on profit

9

697,932

502,286

PROFIT FOR THE FINANCIAL YEAR

2,070,751

1,466,985

PROFIT FOR THE YEAR

2,070,751

1,466,985

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

2,070,751

1,466,985

FIXED ASSETS

Tangible assets

12

157,500

185,109

CURRENT ASSETS

Stocks

13

918,524

941,864

Debtors

14

3,659,386

3,199,566

Cash at bank

2,795,845

2,137,546

7,373,755

6,278,976

CREDITORS

Amounts falling due within one year

15

2,289,238

3,066,812

NET CURRENT ASSETS

5,084,517

3,212,164

TOTAL ASSETS LESS CURRENT LIABILITIES

5,242,017

3,397,273

CREDITORS

Amounts falling due after more than one year

16

-

(37,500

)

PROVISIONS FOR LIABILITIES

19

(1,191

)

(3,698

)

NET ASSETS

5,240,826

3,356,075

CAPITAL AND RESERVES

Called up share capital

20

22,520

22,520

Retained earnings

21

5,218,306

3,333,555

SHAREHOLDERS' FUNDS

5,240,826

3,356,075

The financial statements were approved by the director and authorised for issue on 28 May 2026 and were signed by:

Mr J Byrne - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 September 2023

22,520

2,394,570

2,417,090

Changes in equity

Dividends

-

(528,000

)

(528,000

)

Total comprehensive income

-

1,466,985

1,466,985

Balance at 31 August 2024

22,520

3,333,555

3,356,075

Changes in equity

Dividends

-

(186,000

)

(186,000

)

Total comprehensive income

-

2,070,751

2,070,751

Balance at 31 August 2025

22,520

5,218,306

5,240,826

Cash flows from operating activities

Cash generated from operations

1

1,730,237

1,508,182

Interest paid

(2,345

)

(10,247

)

Tax paid

(819,709

)

(212,883

)

Net cash from operating activities

908,183

1,285,052

Cash flows from investing activities

Purchase of tangible fixed assets

(3,066

)

(7,075

)

Interest received

27,884

13,575

Net cash from investing activities

24,818

6,500

Cash flows from financing activities

Loan repayments in year

(87,500

)

(50,000

)

Capital repayments in year

-

(1,047

)

Amount introduced by directors

-

435

Amount withdrawn by directors

(1,202

)

-

Equity dividends paid

(186,000

)

(528,000

)

Net cash from financing activities

(274,702

)

(578,612

)

Increase in cash and cash equivalents

658,299

712,940

Cash and cash equivalents at beginning of year

2

2,137,546

1,424,606

Cash and cash equivalents at end of year

2

2,795,845

2,137,546

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

2025

2024

£

£

Profit before taxation

2,768,683

1,969,271

Depreciation charges

30,675

32,981

Loss on disposal of fixed assets

-

701

Finance costs

2,345

10,247

Finance income

(27,884

)

(13,575

)

2,773,819

1,999,625

Decrease/(increase) in stocks

23,340

(184,574

)

Increase in trade and other debtors

(459,820

)

(734,015

)

(Decrease)/increase in trade and other creditors

(607,102

)

427,146

Cash generated from operations

1,730,237

1,508,182

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

2,795,845

2,137,546

Year ended 31 August 2024

31.8.24

1.9.23

£

£

Cash and cash equivalents

2,137,546

1,626,640

Bank overdrafts

-

(202,034

)

2,137,546

1,424,606

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.9.24

Cash flow

At 31.8.25

£

£

£

Net cash

Cash at bank

2,137,546

658,299

2,795,845

2,137,546

658,299

2,795,845

Debt

Debts falling due within 1 year

(50,000

)

50,000

-

Debts falling due after 1 year

(37,500

)

37,500

-

(87,500

)

87,500

-

Total

2,050,046

745,799

2,795,845

1.	STATUTORY INFORMATION

Stanford Coach Works & Mobility Services 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.

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

2.	STATEMENT OF COMPLIANCE

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

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. In respect of the rendering of services, turnover represents revenue measured by reference to the stage of completion of the contract activity or of the service transaction at the end of the reporting period.

The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.

Rendering of services

The company converts and builds custom luxury and accessible vehicles. When the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion, the company recognises revenue on the sales of services in the reporting period in which the services are rendered by reference to the stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered.

Tangible fixed assets

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

Capital expenditure on premises

-

5% straight line basis

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 taxation

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts are capitalised as tangible fixed assets and depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the payment is charged to the profit and loss account evenly over the period of the agreement.

Pension costs and other post-retirement benefits

The company operates two defined contribution pension schemes. Contributions payable to the company's pensions schemes are charged to the profit and loss account in the period to which they relate.

Operating leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

Employee benefit trust

The company established an Employee Benefit Trust (EBT) during the year to 31 August 2010 for the benefit of certain employees. Until such time as the assets of the EBT vest unconditionally with the employees, the assets and liabilities of the EBT are included within the relevant assets and liabilities of the company.

Financial instruments policy

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

4.

TURNOVER

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

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

2025

2024

£

£

Rendering of services

18,892,884

19,187,166

18,892,884

19,187,166

An analysis of turnover by geographical market is given below:

2025

2024

£

£

United Kingdom

18,892,884

19,187,166

18,892,884

19,187,166

5.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

673,098

323,644

Other pension costs

114,916

514,831

788,014

838,475

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

2025

2024

Directors

4

4

Administration

5

5

Production

35

36

44

45

2025

2024

£

£

Directors' remuneration

295,257

41,940

Directors' pension contributions to money purchase schemes

82,822

480,000

Information regarding the highest paid director for the year ended 31 August 2025 is as follows:

2025

£

Accrued pension at 31 August 2025

40,635

6.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

£

Hire of plant and machinery

4,827

4,106

Other operating leases

206,070

198,922

Depreciation - owned assets

30,675

32,979

Loss on disposal of fixed assets

-

701

Auditors remunerations

13,000

-

7.

INTEREST RECEIVABLE AND SIMILAR INCOME

2025

2024

£

£

Interest receivable

27,884

13,575

8.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Interest payable

2,345

10,247