REGISTERED NUMBER: SC258470 (Scotland)

Strategic Report,

Report of the Directors and

Financial Statements

for the Year Ended 31 August 2025

for

Akela Construction 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

Statement of Financial Position

11

Statement of Changes in Equity

12

Statement of Cash Flows

13

Notes to the Statement of Cash Flows

14

Notes to the Financial Statements

15

DIRECTORS:

P Jolly

G Jordan

R L J Ogg

M Barr

REGISTERED OFFICE:

Radleigh House

1 Golf Road

Clarkston

Glasgow

G76 7HU

REGISTERED NUMBER:

SC258470 (Scotland)

AUDITORS:

O'Haras Accountants Limited (Statutory Auditor)

Radleigh House

1 Golf Road

Clarkston

Glasgow

G76 7HU

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

The company's directors are happy with the group's financial performance.

REVIEW OF BUSINESS

Turnover has decreased by 1.09% which has been a continuation of the strategic decision to allow other sectors and their associated opportunities to be explored. The benefits of this will now be realised over the coming years as a significant pipeline of opportunities have now been secured. It should also be noted that both turnover and profitability of the business have been impacted by the administration of Connect Modular.

New monitoring systems have been introduced to track financial, safety, quality and operational performance across the business. These systems are bringing greater data transparency, through automated Power BI reports, and are supporting all functions and their associated deliverables.

The directors are very aware of the competitive nature of the industry and the requirement to ensure that contracts are priced competitively but realistically to allow the company to provide the quality and continuity of service which is the hallmark of the Akela brand.

PRINCIPAL RISKS AND UNCERTAINTIES

The company continues to experience a significant level of demand for its services within the residential sector. However, external factors such as limited public body spending along with uncertainty regarding energy, interest and inflation rates continue to influence the demand, cost and programme delivery of private and social housing schemes. These factors reduce the commercial opportunity within this market therefore the business is being more selective within this sector.

Additional measures are being explored to protect and provide further due diligence on the financial standing of potential clients, thus reducing the exposure to administration risk.

The directors remain very confident regarding the company's prospects and ambitions due to the diversification of workload and customer base.

FUTURE DEVELOPMENTS AND THE POSITION OF THE COMPANY AT THE YEAR END

As in previous years, the construction industry and the company have demonstrated resilience when faced with adversity. The company continues to remain competitive within its marketplace and has continued to secure contracts within the private housing sector.

In line with the new strategy, whilst remaining within private housing, works within other sectors are now being successfully secured and delivered. These sectors are both the Energy and General Civil Engineering marketplace. Akela is now recognised as a strong delivery partner in these sectors.

The Energy sector is a growing market with a very strong pipeline of opportunities to be delivered over the next 20-year period, to achieve both public and private carbon reduction goals.

The strategy to develop a balanced portfolio of contracts and workstreams across the 3 sectors is proving to be successful with a pipeline of work now secured. The largest of these schemes within the Energy sector will provide work and income over the next 5-year period.

Places have been secured on National Frameworks and Dynamic Purchasing Systems; these procurement routes are now providing new opportunities along with a new customer base. The tender evaluation process on these mechanisms includes a qualitative assessment and is therefore not fully reliant on the commercial element.

This diversification of workstreams, procurement routes and customer base will allow for any potential sectoral downturns whilst providing improved commercial returns. This puts Akela in an extremely strong position moving forward.

However, the directors will remain vigilant regarding all potential risks which are associated with all sectors of the construction industry.

ON BEHALF OF THE BOARD:

R L J Ogg - Director

29 May 2026

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

DIVIDENDS

An interim dividend of £40 per share was paid on 31 August 2025. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31 August 2025 will be £1,000,000, payable to the company's immediate parent.

DIRECTORS

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

P Jolly

G Jordan

R L J Ogg

M Barr

DISABLED EMPLOYEES

Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment within the company continues and the the appropriate training is arranged. It is the policy of the company that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.

ENGAGEMENT WITH EMPLOYEES

We have an objective to maintain a competent and supported workforce. Our employees remain our greatest asset, with a skilled and motivated workforce key to achieving successful health, safety and environmental performance levels.

The company is part of the Akela Group and the HSE department support the companies within the group with a wide range of construction industry training relevant to the roles and responsibilities to be undertaken. Training needs will continue to be assessed to ensure employees have the necessary skills and information required to meet the requirements of the company and aid personal development.

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), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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, O'Haras Accountants Limited (Statutory Auditor), will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

R L J Ogg - Director

29 May 2026

Opinion

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

In our opinion the financial statements:

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

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

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

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

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

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Matters on which we are required to report by exception

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

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

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

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

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

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

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page 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 gained an understanding of the legal and regulatory framework applicable to the company and the construction industry in which it operates. We made enquiries of management as to whether there were any known or suspected instances of non-compliance with laws and regulations or fraud, and reviewed available board minutes for any indication of such matters.

- We gained an understanding of management's internal controls designed to prevent and detect irregularities in their day-to-day operations.

- We considered laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. We assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement components. Our tests included agreeing the financial statement disclosures to underlying supporting documentation, enquiries with management and enquiries of relevant third parties.

- We considered how fraud might occur in this company and designed our tests accordingly.

- As in all audits, we also addressed the risk of management override of internal controls, including reviewing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

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.

John O'Hara CA (Senior Statutory Auditor)

for and on behalf of O'Haras Accountants Limited (Statutory Auditor)

Radleigh House

1 Golf Road

Clarkston

Glasgow

G76 7HU

29 May 2026

REVENUE

27,335,060

27,634,965

Cost of sales

22,102,780

22,027,218

GROSS PROFIT

5,232,280

5,607,747

Administrative expenses

5,246,847

4,734,260

(14,567

)

873,487

Other operating income

176,096

28,200

OPERATING PROFIT

3

161,529

901,687

Interest receivable and similar income

315,250

409,887

476,779

1,311,574

Interest payable and similar expenses

5

21,402

28,240

PROFIT BEFORE TAXATION

455,377

1,283,334

Tax on profit

6

(320,763

)

338,016

PROFIT FOR THE FINANCIAL YEAR

776,140

945,318

PROFIT FOR THE YEAR

776,140

945,318

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

776,140

945,318

FIXED ASSETS

Property, plant and equipment

8

722,627

884,100

CURRENT ASSETS

Inventories

9

460,003

526,688

Debtors

10

7,094,670

7,428,038

Cash at bank and in hand

5,415,028

6,264,085

12,969,701

14,218,811

CREDITORS

Amounts falling due within one year

11

4,581,639

5,634,084

NET CURRENT ASSETS

8,388,062

8,584,727

TOTAL ASSETS LESS CURRENT LIABILITIES

9,110,689

9,468,827

CREDITORS

Amounts falling due after more than one year

12

(82,084

)

(181,910

)

PROVISIONS FOR LIABILITIES

15

(25,686

)

(60,138

)

NET ASSETS

9,002,919

9,226,779

CAPITAL AND RESERVES

Called up share capital

16

25,000

25,000

Retained earnings

17

8,977,919

9,201,779

SHAREHOLDERS' FUNDS

9,002,919

9,226,779

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:

R L J Ogg - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 September 2023

25,000

10,256,461

10,281,461

Changes in equity

Dividends

-

(2,000,000

)

(2,000,000

)

Total comprehensive income

-

945,318

945,318

Balance at 31 August 2024

25,000

9,201,779

9,226,779

Changes in equity

Dividends

-

(1,000,000

)

(1,000,000

)

Total comprehensive income

-

776,140

776,140

Balance at 31 August 2025

25,000

8,977,919

9,002,919

Cash flows from operating activities

Cash generated from operations

1

309,389

(186,559

)

Interest element of hire purchase payments paid

(21,402

)

(28,240

)

Tax paid

(253,432

)

(200,565

)

Net cash from operating activities

34,555

(415,364

)

Cash flows from investing activities

Purchase of tangible fixed assets

(148,526

)

(330,975

)

Sale of tangible fixed assets

125,168

202,629

Interest received

315,250

409,887

Net cash from investing activities

291,892

281,541

Cash flows from financing activities

Capital repayments in year

(161,291

)

(53,365

)

Amount introduced by directors

(14,213

)

-

Equity dividends paid

(1,000,000

)

(2,000,000

)

Net cash from financing activities

(1,175,504

)

(2,053,365

)

Decrease in cash and cash equivalents

(849,057

)

(2,187,188

)

Cash and cash equivalents at beginning of year

2

6,264,085

8,451,273

Cash and cash equivalents at end of year

2

5,415,028

6,264,085

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

2025

2024

£

£

Profit before taxation

455,377

1,283,334

Depreciation charges

193,478

223,716

Profit on disposal of fixed assets

(8,647

)

(44,834

)

Intercompany debtor

(351,321

)

(250,158

)

Amounts recoverable on contracts

365,859

631,351

Intercompany creditor

2,216

(1,238,134

)

Finance costs

21,402

28,240

Finance income

(315,250

)

(409,887

)

363,114

223,628

Decrease/(increase) in inventories

66,685

(25,584

)

Decrease/(increase) in trade and other debtors

318,431

(148,650

)

Decrease in trade and other creditors

(438,841

)

(235,953

)

Cash generated from operations

309,389

(186,559

)

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 31 August 2025

31.8.25

1.9.24

£

£

Cash and cash equivalents

5,415,028

6,264,085

Year ended 31 August 2024

31.8.24

1.9.23

£

£

Cash and cash equivalents

6,264,085

8,451,273

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

6,264,085

(849,057

)

5,415,028

6,264,085

(849,057

)

5,415,028

Debt

Finance leases

(426,545

)

161,291

(265,254

)

(426,545

)

161,291

(265,254

)

Total

5,837,540

(687,766

)

5,149,774

1.	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.

Going concern

The directors are satisfied that the Company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Revenue

The company is involved in providing groundwork services to the construction industry. Revenue is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and it's stage of completion. The company will recognise revenue 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.

When the outcome of a service contract cannot be estimated reliably, the company only recognises revenue to the extent of the recoverable expenses recognised.

All revenue excludes value added tax and trade discounts.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Inventories

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

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

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.

Debtors and creditors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Impairment of fixed assets

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Cash and cash equivalents

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

Investments

All classes of fixed asset investment are valued at cost.

Grants

Grants are accounted for under the accruals model as permitted by FRS 102. Grants relating to expenditure of tangible fixed assets are credited to the profit and loss account at the same rate as the depreciation on the asset to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in sundry receipts within the profit and loss account in the same period as the related expenditure

2.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

8,037,876

7,954,622

Social security costs

946,739

844,488

Other pension costs

278,989

590,320

9,263,604

9,389,430

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

2025

2024

Administration

47

52

Construction

140

129

187

181

2025

2024

£

£

Directors' remuneration

583,863

648,222

Directors' pension contributions to money purchase schemes

81,866

344,065

Information regarding the highest paid director is as follows:

2025

2024

£

£

Emoluments etc

245,146

151,085

Pension contributions to money purchase schemes

1,321

167,253

3.	OPERATING PROFIT

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

2025

2024

£

£

Hire of plant and machinery

3,563,618

3,014,854

Other operating leases

85,339

85,687

Depreciation - owned assets

193,478

223,716

Profit on disposal of fixed assets

(8,647

)

(44,834

)

4.	AUDITORS' REMUNERATION

2025

2024

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

10,000

8,000

Auditors' remuneration for non audit work

37,252

32,556

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Hire purchase

21,402

28,240

6.

TAXATION

Analysis of the tax (credit)/charge

The tax (credit)/charge on the profit for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

183,992

352,523

(Over)/Underprovision in

respect of prior year

(470,303

)

2,259

Total current tax

(286,311

)

354,782

Deferred tax

(34,452

)

(16,766

)

Tax on profit

(320,763

)

338,016

Reconciliation of total tax (credit)/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

455,377

1,283,334

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

113,844

320,834

Effects of:

Expenses not deductible for tax purposes

35,696

14,923

Depreciation in excess of capital allowances

34,452

16,766

Adjustments to tax charge in respect of previous periods

(470,303

)

2,259

Deferred tax per above note

(34,452

)

(16,766

)

Total tax (credit)/charge

(320,763

)

338,016

7.

DIVIDENDS

2025

2024

£

£

Ordinary shares of £1 each

Interim

1,000,000

2,000,000

8.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 September 2024

332,694

189,085

1,077,503

137,101

1,736,383

Additions

-

-

134,149

14,377

148,526

Disposals

-

-

(301,027

)

-

(301,027

)

At 31 August 2025

332,694

189,085

910,625

151,478

1,583,882

DEPRECIATION

At 1 September 2024

152,237

155,655

408,785

135,606

852,283

Charge for year

25,580

4,740

160,900

2,258

193,478

Eliminated on disposal

-

-

(184,506

)

-

(184,506

)

At 31 August 2025

177,817

160,395

385,179

137,864

861,255

NET BOOK VALUE

At 31 August 2025

154,877

28,690

525,446

13,614

722,627

At 31 August 2024

180,457

33,430

668,718

1,495

884,100

Included in the fixed assets are assets held under hire purchase contracts. In respect of these hire purchase contracts, depreciation of £133,930 has been charged and the assets have a net book value of £516,427.

9.	INVENTORIES

2025

2024

£

£

Stocks

460,003

526,688

10.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

(225,693

)

259,582

Amounts owed by group undertakings

1,867,235

1,515,913

Amounts recoverable on contracts

5,207,783

5,573,642

Other debtors

49,818

70,021

Directors' current accounts

-

400

Prepayments and accrued income

195,527

8,480

7,094,670

7,428,038