REGISTERED NUMBER: 02648803 (England and Wales)

Strategic Report, Directors' Report and

Audited Financial Statements

for the Year Ended 31 August 2025

for

Bennett Brooks & Co Limited

Page

Company Information

1

Strategic Report

2

Directors' Report

4

Report of the Independent Auditors

6

Income Statement

9

Balance Sheet

10

Statement of Changes in Equity

11

Notes to the Financial Statements

12

DIRECTORS:

Y A O Wood FCA

M J Baghurst FCCA

A P Filbee FCA

J E Leach FCA

C Hills FCA

G E Wood ACA

C Hambleton FCA FCCA

G Lovell ACA CTA

SECRETARY:

Y A O Wood FCA

REGISTERED OFFICE:

St George's Court

Winnington Avenue

Northwich

Cheshire

CW8 4EE

REGISTERED NUMBER:

02648803 (England and Wales)

INDEPENDENT AUDITORS:

Michael Donnan & Co Limited

Oaktree Court Business Centre

Mill Lane

Ness

Cheshire

CH64 8TP

BANKERS:

National Westminster Bank Plc

The Bull Ring

Northwich

Cheshire

CW9 5BN

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

The Company provides a comprehensive range of professional services, including accountancy, tax, audit, payroll, forensic accountancy and corporate finance.

The breadth of services enables the Company to support clients across the full business lifecycle, from compliance through to strategic advisory.

REVIEW OF BUSINESS

The Company has continued to perform strongly, underpinned by a large and diverse client base. The directors consider that the Company is not reliant on any individual client, sector or service line, which provides resilience against fluctuations in market demand.

The integrated service offering across accountancy, tax, audit, payroll, forensic accountancy and corporate finance has supported cross-service delivery and client retention.

FINANCIAL POSITION

The Company maintains a strong financial position, characterised by positive cash generation and a conservative funding structure. The Company operates without external borrowing or financing, providing flexibility and reducing exposure to interest rate and refinancing risks.

Goodwill arising on acquisitions is amortised over a period of five years. The directors consider this to be an appropriate estimate of the period over which acquired goodwill transitions into internally generated goodwill.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors consider the principal risks facing the Company to include:

Market and economic conditions: Changes in economic conditions may impact demand for professional services.

People and retention: The Company's success depends on attracting, developing and retaining skilled personnel.

Operational execution: Maintaining consistent service quality across multiple service lines and entities.

Regulatory environment: Ongoing compliance with professional and regulatory standards.

The Company mitigates these risks through diversification of its client base, investment in staff development, robust internal review processes and ongoing monitoring of performance indicators.

FUTURE DEVELOPMENTS

The Company will continue to focus on delivering high-quality services, strengthening its integrated service offering, improving operational efficiency and maintaining high standards of client service.

KEY PERFORMANCE INDICATORS

Financial KPIs

The directors monitor the following financial metrics to assess performance:

Revenue - growth and sustainability of income across service lines

Gross margin - efficiency of service delivery and pricing

EBITDA - underlying profitability of the group

Lock-up - management of working capital, including debtor days and WIP

Cashflows - cash generation and liquidity

The Company delivered satisfactory results during the year, with profitability and cash generation remaining in line with management expectations.

Non-financial KPIs

In addition to financial performance, the Company places significant emphasis on quality and people-related measures:

External cold file reviews - to ensure technical quality and compliance

Client feedback - to monitor satisfaction and service delivery standards

Staff survey results - to assess engagement, retention and organisational culture

EMPLOYEES

The Company continues to invest in and support its employees, whose commitment and expertise remain central to the business’s success. The Directors would like to thank all staff for their contribution during the year.

ON BEHALF OF THE BOARD:

G E Wood ACA - Director

26 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 Chartered Accountancy.

DIVIDENDS

The total distribution of dividends for the year ended 31 August 2025 will be £1,388,010.

DIRECTORS

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

Y A O Wood FCA

M J Baghurst FCCA

A P Filbee FCA

J E Leach FCA

C Hills FCA

G E Wood ACA

Other changes in directors holding office are as follows:

M A Tierney FCA - resigned 31 March 2025

C Hambleton FCA FCCA - appointed 12 September 2024

G Lovell ACA CTA was appointed as a director after 31 August 2025 but prior to the date of this report.

R C Payne FCCA CF ceased to be a director after 31 August 2025 but prior to the date of this report.

QUALIFYING THIRD-PARTY INDEMNITY PROVISIONS

During the year and up to the date of signing the financial statements, the company maintained qualifying third-party indemnity provisions for the benefit of the directors as defined in section 234 of the Companies Act 2006.

DISCLOSURE IN THE STRATEGIC REPORT

An indication of likely future developments in the business and details of the principal risks and uncertainties facing the Company are contained within the Strategic Report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Directors' Report 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, Michael Donnan & Co Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

G E Wood ACA - Director

26 May 2026

Opinion

We have audited the financial statements of Bennett Brooks & Co 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 and 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 Directors' Report, 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 Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Directors' Report 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 Directors' Report.

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:

Based on our understanding of the Company and industry, we identified that the principal risks of non-compliance with laws and regulations related to being a member firm of the Institute of Chartered Accountants in England and Wales and a business regulated under the Money Laundering Regulations 2017, as well as UK tax legislation and those laws and regulations which govern the preparation of the financial statements such as Companies Act 2006. We considered the extent to which non-compliance might have a material effect on the financial statements. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to posting inappropriate journals to manipulate revenue, through management bias in manipulation of accounting estimates or accounting for significant transactions outside the normal course of business. Audit procedures included:

- enquiry of management around actual and potential litigation and instances of non-compliance with laws and regulations, including ICAEW monitoring visits,

- auditing the risk of management override of controls, through testing journal entries and other adjustments for appropriateness, testing accounting estimates (because of the risk of management bias) and evaluating the business rationale of significant transactions outside the normal course of business; and

- reviewing financial statement disclosures and agreeing to supporting documentation to assess compliance with applicable laws and regulations.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one due to error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

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.

Other matter

In the previous accounting period, the Directors of the Company took advantage of audit exemption under s477 of the Companies Act. Therefore the prior period financial statements were not subject to audit and the comparative information is therefore presented as unaudited.

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 Donnan BSc FCA (Senior Statutory Auditor)

for and on behalf of Michael Donnan & Co Limited

Oaktree Court Business Centre

Mill Lane

Ness

Cheshire

CH64 8TP

26 May 2026

TURNOVER

12,228,301

10,767,287

Cost of sales

(7,554,278

)

(7,423,847

)

GROSS PROFIT

4,674,023

3,343,440

Administrative expenses

(2,873,988

)

(2,382,621

)

1,800,035

960,819

Other operating income

96,284

249,622

OPERATING PROFIT

4

1,896,319

1,210,441

Income from fixed asset investments

-

192,000

Interest receivable and similar income

12,210

910

1,908,529

1,403,351

Amounts written off investments

5

(16,000

)

-

1,892,529

1,403,351

Interest payable and similar expenses

6

-

(81

)

PROFIT BEFORE TAXATION

1,892,529

1,403,270

Tax on profit

7

(505,622

)

(349,767

)

PROFIT FOR THE FINANCIAL YEAR

1,386,907

1,053,503

FIXED ASSETS

Intangible assets

9

353,334

489,334

Tangible assets

10

394,461

345,449

Investments

11

-

16,500

747,795

851,283

CURRENT ASSETS

Debtors

12

3,517,561

3,437,803

Cash at bank and in hand

412,628

412,306

3,930,189

3,850,109

CREDITORS

Amounts falling due within one year

13

(1,628,071

)

(1,469,971

)

NET CURRENT ASSETS

2,302,118

2,380,138

TOTAL ASSETS LESS CURRENT LIABILITIES

3,049,913

3,231,421

CREDITORS

Amounts falling due after more than one year

14

-

(190,000

)

PROVISIONS FOR LIABILITIES

16

(76,067

)

(66,472

)

NET ASSETS

2,973,846

2,974,949

CAPITAL AND RESERVES

Called up share capital

17

1,191

1,191

Capital redemption reserve

221

221

Retained earnings

2,972,434

2,973,537

2,973,846

2,974,949

The financial statements were approved by the Board of Directors and authorised for issue on 26 May 2026 and were signed on its behalf by:

Y A O Wood FCA - Director

G E Wood ACA - Director

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 September 2023

2,131

2,874,165

-

2,876,296

Changes in equity

Profit for the year

-

1,053,503

-

1,053,503

Total comprehensive income

-

1,053,503

-

1,053,503

Reduction in share capital

(900

)

-

-

(900

)

Purchase of own shares

(40

)

(262,781

)

221

(262,600

)

Dividends

-

(691,350

)

-

(691,350

)

Total transactions with owners, recognised directly in equity

(940

)

(954,131

)

221

(954,850

)

Balance at 31 August 2024

1,191

2,973,537

221

2,974,949

Changes in equity

Profit for the year

-

1,386,907

-

1,386,907

Total comprehensive income

-

1,386,907

-

1,386,907

Dividends

-

(1,388,010

)

-

(1,388,010

)

Total transactions with owners, recognised directly in equity

-

(1,388,010

)

-

(1,388,010

)

Balance at 31 August 2025

1,191

2,972,434

221

2,973,846

1.	STATUTORY INFORMATION

Bennett Brooks & Co Limited is a private company, limited by shares, incorporated and 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.

Going concern

The directors have assessed the Company's ability to continue as a going concern for the period to 31 August 2027, being a period of more than 12 months from the expected date of approval of these financial statements.

In making this assessment, the directors have considered the Company's current trading, latest management accounts, forecasts, cash flow projections, available facilities and expected working capital requirements. Trading remains in line with budget.

The Company has access to an undrawn overdraft facility and no financial covenants are applicable. The Company is expected to have sufficient liquidity to meet its liabilities as they fall due throughout the assessment period.

The directors are not aware of any material uncertainties related to events or conditions that may cast significant doubt upon the Company's ability to continue as a going concern. Accordingly, the directors consider it appropriate to prepare the financial statements on the going concern basis.

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows.

Preparation of consolidated financial statements

The financial statements contain information about Bennett Brooks & Co Limited as an individual Company and do not contain consolidated financial information as the parent of a group. The Company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Bennett Brooks Group Limited, St George's Court, Winnington Avenue, Northwich, Cheshire, CW8 4EE.

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 amounts of assets and liabilities. The Directors do not consider there to be any judgements or key sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

Turnover, representing amounts recoverable from clients for professional services provided during the year, is measured at the fair value of the consideration received or receivable on each client project. This includes expenses and disbursements but excludes discounts and Value Added Tax. Turnover is recognised when the consideration can be measured reliably and it is probable that future economic benefits will flow to the Company.

Accrued income, included within debtors, comprises unbilled revenue on individual client projects and is stated at fee value less provision for foreseeable losses. Where billings exceed revenue on client projects, the excess is shown as a reduction to accrued income.

Goodwill

Purchased goodwill arising on acquisitions is capitalised and amortised over its useful life up to a maximum of 5 years. Goodwill is reviewed for impairment at the end of the first full financial year following each acquisition and subsequently as and when necessary, if circumstances emerge that indicate that the carrying value may not be recoverable.

Tangible fixed assets

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

Short leasehold

-

in accordance with the property

Plant and machinery

-

15% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Fixed assets are assessed annually for impairment. Any assets which are identified as having no further economic benefit are scrapped.

Financial instruments

Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

Basic financial liabilities, including trade and other payables and balances owed by fellow group companies, are initially recognised at transaction price. Such liabilities are subsequently carried at amortised cost, using the effective interest rate method.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

Pensions

The company operates a defined contribution pension scheme. Contributions payable for the year are charged in the income statement.

Other operating income

Other operating income comprises management recharges to fellow group undertakings and finance charges levied on overdue trade debtors.

3.	EMPLOYEES AND DIRECTORS

2025

2024

(Unaudited)

£

£

Wages and salaries

6,699,575

6,217,164

Social security costs

739,347

722,131

Other pension costs

568,166

440,239

8,007,088

7,379,534

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

2025

2024

(Unaudited)

Employees

156

155

2025

2024

(Unaudited)

£

£

Directors' remuneration

953,673

904,720

Directors' pension contributions to money purchase schemes

105,653

118,625

Information regarding the highest paid director is as follows:

2025

2024

(Unaudited)

£

£

Emoluments etc

214,771

201,745

Pension contributions to money purchase schemes

10,800

9,720

The directors of the company are considered to be the key management personnel. Details of their remuneration are disclosed above.

4.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

(Unaudited)

£

£

Other operating leases

-

2,877

Depreciation - owned assets

125,699

110,419

Goodwill amortisation

136,000

225,782

Auditors' remuneration

14,750

-

Leasing costs

324,377

252,787

5.

AMOUNTS WRITTEN OFF INVESTMENTS

2025

2024

(Unaudited)

£

£

Diminution in value of investment

16,000

-

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

(Unaudited)

£

£

Bank interest

-

81

7.

TAXATION

Analysis of the tax charge

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

2025

2024

(Unaudited)

£

£

Current tax:

UK corporation tax

492,215

343,873

Underprovision in prior year

3,812

-

Total current tax

496,027

343,873

Deferred tax:

Deferred tax

828

5,894

Underprovision in prior year

8,767

-

Total deferred tax

9,595

5,894

Tax on profit

505,622

349,767

Reconciliation of total tax charge included in profit and loss

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

2025

2024

(Unaudited)

£

£

Profit before tax

1,892,529

1,403,270

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

473,132

350,818

Effects of:

Expenses not deductible for tax purposes

44,410

46,949

Income not taxable for tax purposes

(23,545

)

(48,000

)

Adjustments to tax charge in respect of previous periods

12,579

-

Group relief

(954

)

-

Total tax charge

505,622

349,767

8.

DIVIDENDS

The total distribution of dividends for the year ended 31 August 2025 was £1,388,010 (2024: £691,350).

9.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

1,844,966

Disposals

(1,184,965

)

At 31 August 2025

660,001

AMORTISATION

At 1 September 2024

1,355,632

Amortisation for year

136,000

Eliminated on disposal

(1,184,965

)

At 31 August 2025

306,667

NET BOOK VALUE

At 31 August 2025

353,334

At 31 August 2024

489,334

The disposals in the year relate to the write-off of fully amortised intangible assets with a net book value of £nil.

10.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 September 2024

61,088

90,791

150,717

Additions

62,846

32,800

49,308

Disposals

-

-

(51,746

)

At 31 August 2025

123,934

123,591

148,279

DEPRECIATION

At 1 September 2024

5,139

14,163

81,133

Charge for year

17,183

17,207

23,016

Eliminated on disposal

-

-

(51,746

)

At 31 August 2025

22,322

31,370

52,403

NET BOOK VALUE

At 31 August 2025

101,612

92,221

95,876

At 31 August 2024

55,949

76,628

69,584