REGISTERED NUMBER: 03714522 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

EDWARDS & WARD LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Income Statement

9

Other Comprehensive Income

10

Balance Sheet

11

Statement of Changes in Equity

12

Cash Flow Statement

13

Notes to the Cash Flow Statement

14

Notes to the Financial Statements

15

DIRECTORS:

M T Ward

N C Clegg

R W Dempster

SECRETARY:

M T Ward

REGISTERED OFFICE:

The Old Stables

Whitehill Road

Crowborough

East Sussex

TN6 1JP

REGISTERED NUMBER:

03714522 (England and Wales)

AUDITORS:

BSR Bespoke

Chartered Accountants & Statutory Auditors

Linden House

Linden Close

Tunbridge Wells

Kent

TN4 8HH

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

REVIEW OF BUSINESS

We aim to present a balanced and comprehensive review of the development and performance of our business during the year and its position at the year end. Our review is consistent with the size and non-complex nature of our business and is written in the context of the risks and uncertainties we face.

In 2024 / 2025 the business paused for breath after the previous three very demanding years due to geo-politics and the economic crisis. Turnover remained largely static whilst the team stabilised important / relatively new clients and exited contracts which had been historically unviable. This mainly contributed to a significantly better financial performance.

PRINCIPAL RISKS AND UNCERTAINTIES

The principal risks uncertainties we faced during the year were:

1.

Ongoing World conflicts resulting in further, yet a lot lower, food inflation.

2.

The challenges presented to the business following the Chancellors budget, specifically huge increases in employers national insurance contributions.

3.

Further increases to National Living Wage.

4.

An extremely volatile market due to the above.

Dealing with these challenges were the priorities of the senior team who retained extremely important clients, negotiated longer term contracts and positioned the company's overhead resource for future growth.

With regard to liquidity risk, the directors actively manage the company's liquidity position and risk by ensuring the business has adequate banking facilities and cash reserves. Cash flow forecasts are updated and reviewed on a daily basis. This strict process adopted by the directors ensured that, yet another year saw no need, at any point in time, to utilise any of the banking facilities at their disposal.

FINANCIAL PERFORMANCE AND POSITION INCLUDING KEY PERFORMANCE INDICATORS

Our key drivers remain turnover, margin and service ratios and our key performance indicators continue to be those that dictate the financial performance and strength of the company as a whole, those being cash flow, turnover, gross margin, debtor days and profitability.

Turnover came in on budget at £19,996,430 and profit before taxation came in at 4.45% versus 3.58% for the previous year.

PROJECTIONS FOR THE YEAR AHEAD

Further changes to legislation, including the new Employment Rights Act, will as always need to be carefully thought through and implemented accordingly with as little additional cost as possible.

The sales pipeline is strong and the business is targeting a 5% to 10% year on year growth in turnover.

The directors believe that the underlying resilience of the company, excellent cash flow and effective operational and financial management means that the company can meet all of its obligations as they fall due.

Accordingly, the directors have formed a judgement that it is appropriate to prepare the financial statements on a going concern basis.

ON BEHALF OF THE BOARD:

N C Clegg - 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 the provision of catering services.

DIVIDENDS

Interim dividends were paid amounting to £80,000 (2024: £80,000). The directors do not recommend payment of a final dividend.

EVENTS SINCE THE END OF THE YEAR

In October 2025 there was a management buy-out and the ultimate controlling party from October 2025 is Mr N Clegg.

DIRECTORS

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

M T Ward

N C Clegg

Other changes in directors holding office are as follows:

R W Dempster was appointed as a director after 31 August 2025 but prior to the date of this report.

M Edwards ceased to be a director after 31 August 2025 but prior to the date of this report.

DISABLED PERSONS

The company is committed to a policy of recruitment and promotion on the basis of aptitude and ability without discrimination of any kind. Particular attention is given to the training and promotion of disabled employees and those who become disabled during their employment to ensure that their career development is not unfairly restricted by their disability, or perceptions of it.

ENGAGEMENT WITH EMPLOYEES

The company places considerable value on the investment of its employees and has continued to keep them informed on matters affecting them as employees and on the various factors affecting the performance of the company. Employees are consulted regularly on a wide range of matters affecting their current and future interests.

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 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, BSR Bespoke, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

N C Clegg - Director

27 May 2026

Opinion

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

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 August 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the 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 pages four and 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:

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

- The form and content of the financial statements, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006

- UK Employment Law and data protection, and

- Compliance with the Food Standards Agency (FSA)

We gathered an understanding of how the entity is complying with the above frameworks by enquiring and observing management and those charged with governance, ensuring there is a culture of honesty with an emphasis on fraud prevention which may reduce opportunities for fraud to occur as well as acting as a deterrent.

We assessed the susceptibility of the financial statements to material misstatement due to fraud, by making an assessment of the key fraud risks, the manner in which any such risks may materialise, our knowledge of the client and an assessment of the current business environment.

We designed our audit procedures to identify non-compliance with such laws and regulations. Where the risk was considered to be higher, we performed additional audit procedures to address each identified fraud risk to obtain reasonable assurance that the financial statements were free of fraud or error.

There are inherent limitations in the audit procedures described above, 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 deliberate concealment. The primary responsibility for the prevention and detection of fraud rests with management and those charged with governance.

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.

Stephen Pocock FCCA (Senior Statutory Auditor)

for and on behalf of BSR Bespoke

Chartered Accountants & Statutory Auditors

Linden House

Linden Close

Tunbridge Wells

Kent

TN4 8HH

29 May 2026

TURNOVER

4

19,996,430

20,102,859

Cost of sales

16,050,380

16,694,093

GROSS PROFIT

3,946,050

3,408,766

Administrative expenses

3,094,998

2,721,997

OPERATING PROFIT

6

851,052

686,769

Interest receivable and similar income

46,576

32,295

897,628

719,064

Interest payable and similar expenses

7

7,000

-

PROFIT BEFORE TAXATION

890,628

719,064

Tax on profit

8

242,929

179,202

PROFIT FOR THE FINANCIAL YEAR

647,699

539,862

PROFIT FOR THE YEAR

647,699

539,862

OTHER COMPREHENSIVE INCOME

Actuarial gain on defined benefit scheme

35,650

7,000

Income tax relating to other comprehensive income

(750

)

(2,750

)

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

34,900

4,250

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

682,599

544,112

FIXED ASSETS

Tangible assets

10

105,319

89,039

CURRENT ASSETS

Stocks

11

366,460

444,687

Debtors

12

1,667,731

2,759,261

Cash at bank and in hand

3,436,275

1,209,588

5,470,466

4,413,536

CREDITORS

Amounts falling due within one year

13

2,722,467

2,328,856

NET CURRENT ASSETS

2,747,999

2,084,680

TOTAL ASSETS LESS CURRENT LIABILITIES

2,853,318

2,173,719

PROVISIONS FOR LIABILITIES

15

(80,000

)

-

PENSION ASSET

18

14,000

11,000

NET ASSETS

2,787,318

2,184,719

CAPITAL AND RESERVES

Called up share capital

16

1,000

1,000

Retained earnings

17

2,786,318

2,183,719

2,787,318

2,184,719

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:

N C Clegg - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 September 2023

1,000

1,719,607

1,720,607

Changes in equity

Dividends

-

(80,000

)

(80,000

)

Total comprehensive income

-

544,112

544,112

Balance at 31 August 2024

1,000

2,183,719

2,184,719

Changes in equity

Dividends

-

(80,000

)

(80,000

)

Total comprehensive income

-

682,599

682,599

Balance at 31 August 2025

1,000

2,786,318

2,787,318

Cash flows from operating activities

Cash generated from operations

1

2,529,505

125,035

Interest paid

(7,000

)

-

Tax paid

(196,568

)

(44,264

)

Net cash from operating activities

2,325,937

80,771

Cash flows from investing activities

Purchase of tangible fixed assets

(67,155

)

(48,883

)

Sale of tangible fixed assets

1,329

-

Interest received

46,576

32,295

Net cash from investing activities

(19,250

)

(16,588

)

Cash flows from financing activities

Equity dividends paid

(80,000

)

(80,000

)

Net cash from financing activities

(80,000

)

(80,000

)

Increase/(decrease) in cash and cash equivalents

2,226,687

(15,817

)

Cash and cash equivalents at beginning of year

2

1,209,588

1,225,405

Cash and cash equivalents at end of year

2

3,436,275

1,209,588

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

31.8.25

31.8.24

£

£

Profit before taxation

890,628

719,064

Depreciation charges

49,850

40,768

Profit on disposal of fixed assets

(304

)

-

Pension scheme non-cash movements

32,650

(4,000

)

Movement in other provisions

80,000

-

Finance costs

7,000

-

Finance income

(46,576

)

(32,295

)

1,013,248

723,537

Decrease/(increase) in stocks

78,227

(203,708

)

Decrease/(increase) in trade and other debtors

1,106,502

(980,398

)

Increase in trade and other creditors

331,528

585,604

Cash generated from operations

2,529,505

125,035

2.	CASH AND CASH EQUIVALENTS

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

Year ended 31 August 2025

31.8.25

1.9.24

£

£

Cash and cash equivalents

3,436,275

1,209,588

Year ended 31 August 2024

31.8.24

1.9.23

£

£

Cash and cash equivalents

1,209,588

1,225,405

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.9.24

Cash flow

At 31.8.25

£

£

£

Net cash

Cash at bank and in hand

1,209,588

2,226,687

3,436,275

1,209,588

2,226,687

3,436,275

Total

1,209,588

2,226,687

3,436,275

1.	STATUTORY INFORMATION

Edwards & Ward Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Revenue is recognised when it is probable that future economic benefits will flow to the company from the provision of contracts for the provision of services and is measured as the fair value of consideration which the company expects to receive from those transactions.

Generally, the performance obligations of the Company represent a series of services delivered over time. Revenue is recognised based on the stage of completion of those services determined with reference to the proportion of costs incurred in providing the service at the balance sheet date compared to the total costs expected to complete the performance obligation.

Revenue is recognised net of returns and of trade discounts and is shown exclusive of value added tax.

Tangible fixed assets

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

Plant and machinery

-

33% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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

At each balance sheet date, the Company reviews the carrying amount of its tangible fixed assets to determine whether any items have suffered an impairment loss. If such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss, if any.

Stocks

Stocks are stated on a first in, first out basis at the lower of cost and net realisable value, being the estimated selling price less costs to sell.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to sell. The impairment loss is recognised immediately in the Income Statement.

Financial instruments

The company enters into basic financial instruments that give rise to financial assets and financial liabilities including trade and other debtors, trade and other creditors, bank account balances, bank loans and other loans and borrowings and investments in certain non puttable and non convertible equity instruments.

Debt instruments which are not payable or receivable within one year are initially accounted for at the transaction price and are subsequently accounted for at amortised cost using the effective interest method. Debt instruments payable and receivable within one year are measured at their undiscounted cash amounts. Where the debt instruments are treated as a financing transaction, then the financial asset or liability is measured at the present value of future cash flows based on a market rate of interest. Debt instruments which are treated as financial assets and accounted for at amortised cost are also assessed for impairment.

Equity instruments are initially accounted for at transaction price. They are subsequently accounted for at cost unless they can be accounted for at fair value based on a readily available market price in an active market. Equity instruments which are treated as financial assets and accounted for at cost are also assessed for impairment.

Taxation

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

Current or deferred taxation assets and liabilities are not discounted.

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

Deferred tax

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

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

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

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

The cost of providing benefits under defined benefit plans is determined separately for each plan using the projected unit credit method, and is based on actuarial advice.

The change in the net defined benefit liability arising from employee service during the year is recognised as an employee cost. The cost of plan introductions, benefit changes, settlements and curtailments are recognised as an expense in measuring profit or loss in the period in which they arise.

The net interest element is determined by multiplying the net defined benefit liability by the discount rate, taking into account any changes in the net defined benefit liability during the period as a result of contribution and benefit payments. The net interest is recognised in profit or loss as other finance revenue or cost.

Remeasurement changes comprise actuarial gains and losses, the effect of the asset ceiling and the return on the net defined benefit liability excluding amounts included in net interest. These are recognised immediately in other comprehensive income in the period in which they occur and are not reclassified to profit and loss in subsequent periods.

The net defined benefit pension asset or liability in the balance sheet comprises the total for each plan of the present value of the defined benefit obligation (using a discount rate based on high quality corporate bonds), less the fair value of plan assets out of which the obligations are to be settled directly. Fair value is based on market price information, and in the case of quoted securities is the published bid price. The value of a net pension benefit asset is limited to the amount that may be recovered either through reduced contributions or agreed refunds from the scheme.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or non-current assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3.	CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

ln the application of the company's accounting policies, the directors are required to make judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying

amount of assets and liabilities are as follows:

-

Depreciation charged on tangible assets requires an estimation of their useful economic lives and residual values. The carrying values of tangible assets are therefore sensitive to the estimates used which are based on the current condition and the value in use of the assets to the company. The estimates are reviewed annually.

Details on the useful economic lives are set out further in note 2 to the financial statements.

-

The carrying value of debtors requires estimates of their recoverable amounts and is therefore sensitive to amounts provided for as bad debts. The bad debt provisions are based on the company's previous dealings with the debtor, their credit rating and the age of the debt. The provisions are reviewed regularly.

Details on the carrying value of debtors are set out in note 12.

4.

TURNOVER

An analysis of the company's turnover is as follows:

31.8.25

31.8.24

Turnover analysed by class of business

£

£

Wholly attributable to the principal activity

19,996,430

20,102,859

19,996,430

20,102,859

31.8.25

31.8.24

Other significant income

£

£

Bank interest income

46,533

27,295

46,533

27,295

Turnover is wholly attributable to the principal activity of the company and arises solely within the United Kingdom.

5.	EMPLOYEES AND DIRECTORS

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

31.8.25

31.8.24

Head office and management

48

50

Restaurant catering

33

37

School catering

674

704

755

791

Their aggregate remuneration comprised:

31.8.25

31.8.24

£

£

Wages & salaries

10,495,021

10,785,411

Social security costs

721,903

534,934

Pension costs

586,419

561,812

Total wages cost

11,803,343

11,882,157

31.8.25

31.8.24

£

£

Directors' remuneration

396,396

359,455

Directors' pension contributions to money purchase schemes

3,912

3,997

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

Money purchase schemes

2

2

Information regarding the highest paid director is as follows:

31.8.25

31.8.24

£

£

Emoluments etc

182,000

142,333

6.	OPERATING PROFIT

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

31.8.25

31.8.24

£

£

Other operating leases

72,976

88,863

Depreciation - owned assets

49,850

40,769

Profit on disposal of fixed assets

(304

)

-

Auditors' remuneration

27,864

23,682