REGISTERED NUMBER: 04103867 (England and Wales)

Group Strategic Report, Directors' Report and

Audited

Consolidated Financial Statements

for the Period 29 August 2024 to 31 August 2025

for

Bennett Brooks Group Limited

Page

Company Information

1

Group Strategic Report

2

Directors' Report

4

Directors' Responsibilities Statement

5

Report of the Independent Auditors

6

Consolidated Statement of Comprehensive Income

9

Consolidated Statement of Financial Position

10

Company Statement of Financial Position

11

Consolidated Statement of Changes in Equity

12

Company Statement of Changes in Equity

13

Consolidated Statement of Cash Flows

14

Notes to the Consolidated Financial Statements

15

DIRECTORS:

Y A O Wood FCA

G E Wood ACA

SECRETARY:

Y A O Wood FCA

REGISTERED OFFICE:

St George's Court

Winnington Avenue

Northwich

Cheshire

CW8 4EE

REGISTERED NUMBER:

04103867 (England and Wales)

INDEPENDENT AUDITORS:

Michael Donnan & Co Limited

Oaktree Court Business Centre

Mill Lane

Ness

Cheshire

CH64 8TP

The directors present their strategic report of the company and the group for the period 29 August 2024 to 31 August 2025.

The Group was formed on 29 August 2024 when it acquired 100% of the share capital of Bennett Brooks & Co Limited, Bennett Brooks (Leek) Limited and Tax Advisory & Consultancy Services Limited, and 50% of the share capital of Bennett Brooks IT Limited.

The consolidated financial statements have been accounted for by applying the merger accounting principles of predecessor accounting, using the retrospective presentation method. Further detail of the business combination can be found within the basis of preparation disclosure in note 1.

The group provides a comprehensive range of professional services, including accountancy, taxation, audit, payroll, forensic accountancy and corporate finance. In addition, the group has an interest in a technology joint venture which supports both internal operations and external service delivery.

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

REVIEW OF BUSINESS

The year ended 31 August 2025 represents the first full year following the group reorganisation completed on 29 August 2024. The restructuring brought together the group’s trading entities under a single parent company, providing a clearer governance framework and enhancing operational alignment across service lines.

The group has continued to perform strongly, underpinned by a large and diverse client base. The directors consider that the group 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, taxation, audit, payroll, forensic accountancy and corporate finance has supported cross-service delivery and client retention, while the technology joint venture continues to complement the group’s core activities.

FINANCIAL POSITION

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

The consolidated financial statements have been prepared using merger accounting principles in accordance with FRS 102, reflecting the common control nature of the group reorganisation. As a result, the group’s financial position and results are presented as if the current structure had always been in place.

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 group to include:

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

People and retention: The group’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 group 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 Group 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 Group 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 group 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 Group 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 and the group for the period 29 August 2024 to 31 August 2025.

The Group was formed on 29 August 2024 when it acquired 100% of the share capital of Bennett Brooks & Co Limited, Bennett Brooks (Leek) Limited and Tax Advisory & Consultancy Services Limited, and 50% of the share capital of Bennett Brooks IT Limited.

The consolidated financial statements have been accounted for by applying the merger accounting principles of predecessor accounting, using the retrospective presentation method. Further detail of the business combination can be found within the basis of preparation disclosure in note 1.

CHANGE OF NAME

The group passed a special resolution on 1 June 2025 changing its name from Bennett Brooks Company Secretarial Services Limited to Bennett Brooks Group Limited.

PRINCIPAL ACTIVITY

The principal activity of the group in the period under review was that of Chartered Accountancy.

DIVIDENDS

The total distribution of dividends for the period ended 31 August 2025 will be £ 765,100 .

EVENTS SINCE THE END OF THE PERIOD

Information relating to events since the end of the period is given in the notes to the financial statements.

DIRECTORS

The directors shown below have held office during the whole of the period from 29 August 2024 to the date of this report.

Y A O Wood FCA

R C Payne FCCA CF

G E Wood ACA

Other changes in directors holding office are as follows:

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 Group and 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 Group and Company are contained within the Strategic Report.

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 group'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 group'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

The directors are responsible for preparing the Group 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), 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Opinion

We have audited the financial statements of Bennett Brooks Group Limited (the 'parent company') and its subsidiaries (the 'group') for the period ended 31 August 2025 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Statement of Financial Position, Company Statement of Financial Position, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Statement of Cash Flows 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 group's and of the parent company affairs as at 31 August 2025 and of the group's profit for the period 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 group 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 group's and the parent 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 Group Strategic Report, the Directors' Report and the Directors' Responsibilities Statement, 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 Group 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 Group 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 group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company 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 five, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent 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 group or the parent 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 Group, 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

12,829,050

12,067,108

Cost of sales

(7,978,667

)

(8,089,641

)

GROSS PROFIT

4,850,383

3,977,467

Administrative expenses

(2,984,288

)

(2,715,776

)

1,866,095

1,261,691

Other operating income

96,284

56,885

OPERATING PROFIT

4

1,962,379

1,318,576

Income from other participating interests

293,217

223,080

Interest receivable and similar income

15,813

3,057

2,271,409

1,544,713

Amounts written off investments

5

(16,000

)

-

2,255,409

1,544,713

Interest payable and similar expenses

6

-

(276

)

PROFIT BEFORE TAXATION

2,255,409

1,544,437

Tax on profit

7

(535,897

)

(418,262

)

PROFIT FOR THE FINANCIAL PERIOD

1,719,512

1,126,175

FIXED ASSETS

Intangible assets

10

436,347

615,963

Tangible assets

11

396,948

347,141

Investments

12

Interest in joint venture

Share of gross assets

746,242

659,827

Share of gross liabilities

(412,350

)

(379,152

)

333,892

280,675

Other investments

-

16,000

1,167,187

1,259,779

CURRENT ASSETS

Debtors

13

3,636,530

3,598,308

Cash and cash equivalents

1,450,512

582,947

5,087,042

4,181,255

CREDITORS

Amounts falling due within one year

14

(1,750,433

)

(1,562,473

)

NET CURRENT ASSETS

3,336,609

2,618,782

TOTAL ASSETS LESS CURRENT LIABILITIES

4,503,796

3,878,561

CREDITORS

Amounts falling due after more than one year

15

-

(190,000

)

PROVISIONS FOR LIABILITIES

16

(76,688

)

(66,895

)

NET ASSETS

4,427,108

3,621,666

CAPITAL AND RESERVES

Called up share capital

17

12,969

8

Capital redemption reserve

1

1

Other reserves

2,804,544

2,965,173

Retained earnings

1,609,594

656,484

SHAREHOLDERS' FUNDS

4,427,108

3,621,666

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

FIXED ASSETS

Intangible assets

10

-

-

Tangible assets

11

-

-

Investments

12

396,474

235,345

396,474

235,345

CURRENT ASSETS

Debtors

13

6,362

-

Cash at bank and in hand

1,035,852

9

1,042,214

9

CREDITORS

Amounts falling due within one year

14

(5,000

)

-

NET CURRENT ASSETS

1,037,214

9

TOTAL ASSETS LESS CURRENT LIABILITIES

1,433,688

235,354

CAPITAL AND RESERVES

Called up share capital

17

12,969

8

Capital redemption reserve

1

1

Retained earnings

1,420,718

235,345

SHAREHOLDERS' FUNDS

1,433,688

235,354

Company's profit for the financial year

1,951,775

-

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

Other

Total

capital

earnings

reserve

reserves

equity

£

£

£

£

£

Balance at 1 September 2023

8

484,441

-

2,965,892

3,450,341

Changes in equity

Profit for the period

-

1,126,175

-

-

1,126,175

Total comprehensive income

-

1,126,175

-

-

1,126,175

Purchase of own shares

-

(262,782

)

1

-

(262,781

)

Share for share exchange

-

-

-

(719

)

(719

)

Dividends

-

(691,350

)

-

-

(691,350

)

Total transactions with owners, recognised directly in equity

-

(954,132

)

1

(719

)

(954,850

)

Balance at 28 August 2024

8

656,484

1

2,965,173

3,621,666

Changes in equity

Profit for the period

-

1,719,512

-

-

1,719,512

Total comprehensive income

-

1,719,512

-

-

1,719,512

Bonus issue

1,302

(1,302

)

-

-

-

Share for share exchange

11,659

-

-

(160,629

)

(148,970

)

Dividends

-

(765,100

)

-

-

(765,100

)

Total transactions with owners, recognised directly in equity

12,961

(766,402

)

-

(160,629

)

(914,070

)

Balance at 31 August 2025

12,969

1,609,594

1

2,804,544

4,427,108

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 September 2023

8

235,346

-

235,354

Changes in equity

Profit for the period

-

-

-

-

Purchase of own shares

-

(1

)

1

-

Total transactions with owners, recognised directly in equity

-

(1

)

1

-

Balance at 28 August 2024

8

235,345

1

235,354

Changes in equity

Profit for the period

-

1,951,775

-

1,951,775

Total comprehensive income

-

1,951,775

-

1,951,775

Bonus issue

1,302

(1,302

)

-

-

Share for share exchange

11,659

-

-

11,659

Dividends

-

(765,100

)

-

(765,100

)

Total transactions with owners, recognised directly in equity

12,961

(766,402

)

-

(753,441

)

Balance at 31 August 2025

12,969

1,420,718

1

1,433,688

Cash flows from operating activities

Cash generated from operations

20

2,332,054

1,678,069

Interest paid

-

(276

)

Tax paid

(468,975

)

(436,696

)

Net cash from operating activities

1,863,079

1,241,097

Cash flows from investing activities

Purchase of intangible fixed assets

-

(190,004

)

Purchase of tangible fixed assets

(177,543

)

(216,793

)

Payment of deferred consideration

(158,071

)

(63,663

)

Interest received

15,813

3,057

Dividends received

240,000

192,000

Net cash from investing activities

(79,801

)

(275,403

)

Cash flows from financing activities

Amount withdrawn by directors

(1,643

)

(17,177

)

Share for share exchange

(148,970

)

-

Purchase of own shares

-

(262,600

)

Equity dividends paid

(765,100

)

(691,350

)

Net cash from financing activities

(915,713

)

(971,127

)

Increase/(decrease) in cash and cash equivalents

867,565

(5,433

)

Cash and cash equivalents at beginning of period

21

582,947

588,380

Cash and cash equivalents at end of period

21

1,450,512

582,947

1.	STATUTORY INFORMATION

Bennett Brooks Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the General 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.

The Group was formed on 29 August 2024 when it acquired 100% of the share capital of Bennett Brooks & Co Limited, Bennett Brooks (Leek) Limited and Tax Advisory & Consultancy Services Limited, and 50% of the share capital of Bennett Brooks IT Limited.

The acquisitions of Bennett Brooks & Co Limited, Bennett Brooks (Leek) Limited, Tax Advisory & Consultancy Services Limited and Bennett Brooks IT Limited are combinations involving entities under common control and have been accounted for by applying the merger accounting principles of predecessor accounting, using the retrospective presentation method.

Under this method, the acquired entities' results and balance sheets are incorporated as if all entities had always been combined. The assets and liabilities of the subsidiaries are consolidated at book value in the Group financial statements and the consolidated reserves are adjusted to reflect the statutory share capital, share premium and other reserves of the Company as if it had always been combined, with the difference presented as the merger reserve.

Going concern

The directors have assessed the Group's and 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 Group's and 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 Group has access to an undrawn overdraft facility and no financial covenants are applicable. The Group and Company is expected to have sufficient liquidity to meet their 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 Group's and 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.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the Group and 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 Group.

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.

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 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 and 33% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Consolidated 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 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 period 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 group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

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

Period

Period

29.8.24

1.9.23

to

to

31.8.25

28.8.24

(Unaudited)

£

£

Wages and salaries

7,103,494

6,868,233

Social security costs

792,047

796,108

Other pension costs

606,586

463,566

8,502,127

8,127,907