REGISTERED NUMBER: NI043908 (Northern Ireland)

CAMPBELL CONTRACTS LTD

STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Statement of 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:

J Campbell

G Quinn

D Campbell

B Campbell

D Campbell

S Campbell

R Campbell

SECRETARY:

Joanne Campbell

REGISTERED OFFICE:

Coolcran

Tempo

Co. Fermanagh

BT94 3FR

REGISTERED NUMBER:

NI043908 (Northern Ireland)

AUDITORS:

McAleer Jackson Ltd

Chartered Accountants & Statutory Auditors

Church House

24 Dublin Road

OMAGH

Co. Tyrone

BT78 1HE

BANKERS:

AIB

2-6 East Bridge Street

Enniskillen

Fermanagh

BT74 7BT

PRINCIPAL ACTIVITY

The principal activity of the company in the period under review was that of civil engineering and quarrying.

REVIEW OF BUSINESS

The results for the period and the financial position of the company are as shown in the annexed financial statements. The level of business during the period was satisfactory. It is the intention of directors to develop current activities and opportunities to ensure growth in the business in the short to medium term.

PRINCIPAL RISKS AND UNCERTAINTIES

Performance in the sector is affected by general economic conditions. The directors carry out regular strategic reviews including assessments of competitor activity, market trends and customer activity. The security of product supply is not considered to be a risk. The company actively reviews the market and tender lists that are available and maximises opportunities. The company is confident it can maintain its market share.

The company uses various financial instruments including cash and various items such as trade debtors and trade creditors that arise directly from its operations. The main purpose of these financial instruments is to raise finance for the company's operations.

The existence of these financial instruments exposes the company to a number of financial risks. The main risks arising from the company's financial instruments are credit risk and liquidity risk.

The directors review and agree policies for managing each of the following risks.

Environment

The company mitigates environmental risk through its continued efforts to comply with all applicable environmental legislation, prevent pollution and reduce waste wherever possible.

Health and Safety

The company is committed to achieving the highest practicable standards in health and safety management and strives to make its sites and offices safe environments for employees and customer alike.

Price risk

The company is exposed to commodity price risk as a result of its operations. The company is managing exposure to commodity price risk through the active management of its contracts with customers and suppliers. The directors will revisit the appropriateness of this policy should the company's operations change in size or nature. The company has no exposure to equity securities price risk as it holds no listed or other equity investments.

Liquidity risk

The company seeks to manage liquidity risk by ensuring sufficient bank and cash facilities are available to meet forseeable needs and strategic plans. The company will seek to match the source of funds to the funding needs and will avail of asset finance facilities when appropriate.

Credit risk

The company's credit risk is primarily attributable to its trade debtors. The risk is minimised by building long term relationships with established customers, and emphasis on good credit management.

KEY PERFORMANCE INDICATORS (KPIS)

Given the straightforward nature of the business, the company's directors are of the opinion that analysis using KPIs is not necessary for an understanding of the development, performance or position of the company.

ON BEHALF OF THE BOARD:

G Quinn - Director

29 May 2026

The directors present their report with the financial statements of the company for the year ended 31 August 2025.

DIVIDENDS

Dividend payable of £308,100 (£308,100 - 2024).

DIRECTORS

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

J Campbell

G Quinn

D Campbell

B Campbell

D Campbell

S Campbell

R Campbell

POLITICAL DONATIONS AND EXPENDITURE

The company made charitable donations amounting to £10,506 during the year (£5,646: 2024). No donations for political purposes were made during this year.

DIRECTORS' RESPONSIBILITIES STATEMENT

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, McAleer Jackson Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

G Quinn - Director

29 May 2026

Opinion

We have audited the financial statements of Campbell Contracts Ltd (the 'company') for the year ended 31 August 2025 which comprise the Statement of 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 Directors' Responsibilities Statement set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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

Auditors' responsibilities for the audit of the financial statements

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

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 framework that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, pensions and tax legislation, environmental regulations and health and safety laws, together with provisions of other laws and regulations that 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.

We tailored our response to those identified risks to include enquiring of management and external legal advisors concerning actual and potential litigation and claims, performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud, and reviewing correspondence with tax authorities and other regulatory bodies.

In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments, assessed whether the judgements made in making accounting estimates are indicative of a potential bias, and evaluated the business rationale of any significant transactions that are unusual or outside the normal course of business. We apply professional scepticism throughout the audit to consider deliberate omission or concealment of significant transactions, or incomplete/inaccurate disclosures in the financial statements.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

- the nature of the industry and sector, control environment and business performance including the company's remuneration policies, and performance targets;

- results of our enquiries of management and other key persons about the company's own policies for the identification and assessment of the risks of irregularities, including those that may occur either as a result of fraud or error, and matters we identified from our review of the company's policies, procedures and internal controls; and

- the matters discussed among the audit engagement team regarding potential indicators of fraud and where it might occur in the financial statements;

- design of audit procedures responsive to those risks that incorporate unpredictability around the nature, timing and extent of our testing.

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.

Michael Barnett (Senior Statutory Auditor)

for and on behalf of McAleer Jackson Ltd

Chartered Accountants & Statutory Auditors

Church House

24 Dublin Road

OMAGH

Co. Tyrone

BT78 1HE

29 May 2026

TURNOVER

3

9,558,695

9,161,673

Cost of sales

6,149,826

6,603,440

GROSS PROFIT

3,408,869

2,558,233

Administrative expenses

1,108,524

990,090

OPERATING PROFIT

5

2,300,345

1,568,143

Interest receivable and similar income

119,492

69,653

2,419,837

1,637,796

Interest payable and similar expenses

6

-

4,207

PROFIT BEFORE TAXATION

2,419,837

1,633,589

Tax on profit

7

602,553

364,289

PROFIT FOR THE FINANCIAL YEAR

1,817,284

1,269,300

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,817,284

1,269,300

FIXED ASSETS

Intangible assets

9

-

-

Tangible assets

10

4,512,096

4,037,299

4,512,096

4,037,299

CURRENT ASSETS

Stocks

11

42,000

40,500

Debtors

12

2,347,478

1,464,465

Cash at bank and in hand

5,694,779

5,067,463

8,084,257

6,572,428

CREDITORS

Amounts falling due within one year

13

2,630,396

2,416,084

NET CURRENT ASSETS

5,453,861

4,156,344

TOTAL ASSETS LESS CURRENT LIABILITIES

9,965,957

8,193,643

PROVISIONS FOR LIABILITIES

14

1,568,141

1,305,011

NET ASSETS

8,397,816

6,888,632

CAPITAL AND RESERVES

Called up share capital

15

700

700

Retained earnings

16

8,397,116

6,887,932

SHAREHOLDERS' FUNDS

8,397,816

6,888,632

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2026 and were signed on its behalf by:

G Quinn - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 September 2023

700

5,926,732

5,927,432

Changes in equity

Dividends

-

(308,100

)

(308,100

)

Total comprehensive income

-

1,269,300

1,269,300

Balance at 31 August 2024

700

6,887,932

6,888,632

Changes in equity

Dividends

-

(308,100

)

(308,100

)

Total comprehensive income

-

1,817,284

1,817,284

Balance at 31 August 2025

700

8,397,116

8,397,816

Cash flows from operating activities

Cash generated from operations

1

2,596,044

3,415,049

Interest element of hire purchase or finance lease rental payments paid

-

(4,207

)

Tax paid

(316,768

)

(194,184

)

Net cash from operating activities

2,279,276

3,216,658

Cash flows from investing activities

Purchase of tangible fixed assets

(1,771,313

)

(1,015,104

)

Sale of tangible fixed assets

339,053

220,393

Interest received

119,492

69,653

Net cash from investing activities

(1,312,768

)

(725,058

)

Cash flows from financing activities

Capital repayments in year

-

(83,333

)

Amount introduced by directors

-

76,445

Amount withdrawn by directors

(31,092

)

-

Equity dividends paid

(308,100

)

(308,100

)

Net cash from financing activities

(339,192

)

(314,988

)

Increase in cash and cash equivalents

627,316

2,176,612

Cash and cash equivalents at beginning of year

2

5,067,463

2,890,851

Cash and cash equivalents at end of year

2

5,694,779

5,067,463

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

2025

2024

£

£

Profit before taxation

2,419,837

1,633,589

Depreciation charges

979,935

872,968

Profit on disposal of fixed assets

(22,472

)

(36,465

)

Finance costs

-

4,207

Finance income

(119,492

)

(69,653

)

3,257,808

2,404,646

Increase in stocks

(1,500

)

(800

)

(Increase)/decrease in trade and other debtors

(883,013

)

396,536

Increase in trade and other creditors

222,749

614,667

Cash generated from operations

2,596,044

3,415,049

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

5,694,779

5,067,463

Year ended 31 August 2024

31.8.24

1.9.23

£

£

Cash and cash equivalents

5,067,463

2,890,851

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

5,067,463

627,316

5,694,779

5,067,463

627,316

5,694,779

Total

5,067,463

627,316

5,694,779

1.	STATUTORY INFORMATION

Campbell Contracts Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

Critical accounting judgements and key sources of estimation uncertainty

In 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.

Useful economic lives of tangible assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on future investments, economic utilisation and the physical conditions of the assets.

Performance of long term contracts

Recognised amounts of contract revenues and related receivables reflect the directors' best estimates of contracts outcome and stage of completion. This includes the assessment of the profitability of the contracts. The organisation draws on the expertise of qualified personnel to undertake such estimates and to apply appropriate levels of scrutiny to ensure the required level of accuracy and governance over this class of asset, in order to limit concern over the recoverability of these balances. Costs to complete and contract profitability are subject to significant estimation uncertainty.

Provision for land remediation

Provisions for land remediation reflect the directors best estimates of the costs of fulfilling obligations to restore and decommission sites.The organisation again draws upon the expertise of qualified personnel to make such estimates which are scrutinsed and approved by the directors. Such provisions, by their nature, are subject to estimation uncertainty.

Turnover

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have been transferred to the customer, the revenue and costs incurred in respect of the transactions can be measured reliably and collection is reasonably assured.

Turnover also represents the value of services performed in operating service contracts carried out during the year, exclusive of value added tax.

Turnover from contracts from the provision of construction services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be measured reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual staff costs and materials, as a proportion of total costs. When it is probable that total contract costs will exceed total contract turnover, the expected loss is recognised as an expense immediately. When the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, has been amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provisions for impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Amounts recoverable on contracts

The amount by which turnover exceeds payments on account on contracts is shown under debtors as amounts recoverable on contracts. Where payments on account exceed turnover the excess is classified as amounts due on contracts within creditors.When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

The financial statements are prepared in GBP sterling which is the functional currency of the company.

Hire purchase and leasing commitments

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

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

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.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3.

TURNOVER

The turnover and profit before taxation are attributable to the principal activity of the company and all is within the United Kingdom and Republic of Ireland.

4.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

1,470,319

1,476,683

Social security costs

145,189

137,692

Other pension costs

67,040

66,790

1,682,548

1,681,165

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

2025

2024

Employees

53

56

2025

2024

£

£

Director's remuneration

72,555

72,272

Director's pension

37,457

35,410

110,012

107,682

5.	OPERATING PROFIT

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

2025

2024

£

£

Depreciation - owned assets

979,935

872,968

Profit on disposal of fixed assets

(22,472

)

(36,465

)

Auditors' remuneration

15,250

13,900

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Hire purchase interest

-

4,207

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

412,784

315,350

Deferred tax

189,769

48,939

Tax on profit

602,553

364,289

UK corporation tax has been charged at 25% .

Reconciliation of total tax charge included in profit and loss

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

2025

2024

£

£

Profit before tax

2,419,837

1,633,589

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

604,959

408,397

Effects of:

Expenses not deductible for tax purposes

6,537

3,585

Tax credits

-

(37,755

)

Enhanced capital allowances

(8,943

)

(9,938

)

Total tax charge

602,553

364,289

8.

DIVIDENDS

2025

2024

£

£

Interim

308,100

308,100

9.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

1,000,000

AMORTISATION

At 1 September 2024

and 31 August 2025

1,000,000

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

-

10.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 September 2024

906,557

13,062,257

100,058

162,346

14,231,218

Additions

-

1,688,479

-

82,834

1,771,313

Disposals

-

(1,120,735

)

-

(37,238

)

(1,157,973

)

At 31 August 2025

906,557

13,630,001

100,058

207,942

14,844,558

DEPRECIATION

At 1 September 2024

300,850

9,648,733

89,808

154,528

10,193,919

Charge for year

-

964,532

2,050

13,353

979,935

Eliminated on disposal

-

(841,392

)

-

-

(841,392

)

At 31 August 2025

300,850

9,771,873

91,858

167,881

10,332,462

NET BOOK VALUE

At 31 August 2025

605,707

3,858,128

8,200

40,061

4,512,096

At 31 August 2024

605,707

3,413,524

10,250

7,818

4,037,299

11.

STOCKS

2025

2024

£

£

Stocks

42,000

40,500