REGISTERED NUMBER: 09130051 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 May 2025

for

Value and Service Dental Supplies

Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

7

Income Statement

11

Other Comprehensive Income

12

Balance Sheet

13

Statement of Changes in Equity

14

Notes to the Financial Statements

15

DIRECTORS:

R B Amipara

A Patel

REGISTERED OFFICE:

Unit C, Sands Industrial Estate

Lane End Road

High Wycombe

HP12 4HH

REGISTERED NUMBER:

09130051 (England and Wales)

AUDITORS:

Prestons

Chartered Accountants

Statutory Auditors

364-368 Cranbrook Road

Gants Hill

Ilford

Essex

IG2 6HY

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

The report has been prepared in accordance with the requirements of the Companies Act 2006. The report provides a fair review of the development and performance of the company's business during the year, together with a description of the principal risks and uncertainties that it faces.

Principal activity

The principal activity of the company during the year continued to be the retail and wholesale supply of dental consumables, equipment and related products to dental practices and other customers.

REVIEW OF BUSINESS

During the year, the company continued to operate in a competitive market affected by price movements, wage pressures and wider economic uncertainty. The company continued to focus on operational efficiency, stock control, product quality and customer service. Management also continued to monitor margins carefully and reviewed pricing where necessary.

The directors consider the performance of the company during the year to be satisfactory, taking into account market conditions, cost pressures and the working capital demands of the business.

During the year, turnover was £2,266,452 compared with £1,789,832 for the comparative ten-month period. Profit before taxation was £416,650 compared with £389,123 for the comparative ten-month period. The shareholders' funds at the year end were £1,652,862 (2024: £1,341,228). The directors consider the overall performance of the company during the year to be satisfactory.

The directors monitor key performance indicators including revenue growth, gross profit margins, profitability, working capital management and cash generation. The company remained profitable throughout the year and generated positive operating cash flows. The company continued to invest in marketing, systems and operational infrastructure to support future growth.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors have identified the following principal risks and uncertainties affecting the business:

- Market competition and pricing pressures within the dental supplies sector which may impact margins.

- Supply chain disruption and increases in supplier costs which may affect product availability and profitability.

- Credit risk arising from trade receivables, mitigated through regular review of customer balances and credit control procedures.

- Foreign currency exposure on purchases from overseas suppliers.

- Working capital and liquidity requirements associated with maintaining adequate stock levels to meet customer demand.

The directors regularly review these risks and implement appropriate measures to manage and mitigate their potential impact.

FUTURE OUTLOOK

The company intends to continue developing its customer base and product offering whilst maintaining a strong focus on customer service, operational efficiency and profitability. The directors remain confident regarding the company's future prospects and believe it is well positioned to take advantage of opportunities within its market.

ON BEHALF OF THE BOARD:

R B Amipara - Director

29 May 2026

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of retail and wholesale supply of dental consumables, equipment and related products to dental practices and other customers.

DIVIDENDS

No dividends will be distributed for the year ended 31 May 2025.

FUTURE DEVELOPMENTS

The directors remain confident about the future prospects of the company. The company intends to continue its principal activities while focusing on strengthening its market position and improving operational efficiency.

The company will seek to grow its business through expanding its customer base, enhancing product offerings, and maintaining strong relationships with suppliers. In addition, the directors will continue to monitor costs closely and implement strategies to improve profitability and cash flow.

The company will also continue to assess market conditions and respond proactively to any challenges or opportunities that may arise. Investment in systems, processes, and staff development will remain a key focus to support sustainable long-term growth.

The directors believe that these strategies will position the company well for continued development and success in the foreseeable future.

DIRECTORS

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

R B Amipara

A Patel

FINANCIAL INSTRUMENTS

Treasury operations and financial instruments

The company operates a treasury function which is responsible for managing the liquidity, interest and foreign currency risks associated with the company's activities.

Liquidity risk

The company manages its cash and borrowing requirements in order to maximise interest income and minimise interest expense, whilst ensuring the company has sufficient liquid resources to meet the operating needs of the business.

Interest rate risk

The company is exposed to fair value interest rate risk on its fixed rate borrowings and cash flow interest rate risk on bank overdrafts and loans.

Foreign currency risk

The company's principal foreign currency exposures arise from trading with overseas companies. The company's policy permits but does not demand that these exposures may be hedged in order to fix the cost in sterling. This hedging activity involves the use of foreign exchange forward contracts.

Credit risk

Investments of cash surpluses, borrowings and derivative instruments are made through banks and companies which must fulfil credit rating criteria approved by the board.

Price risk and cash flow risk

The board continually monitors pricing strategy to ensure that margins are maintained in light of market competition and input cost volatility. The company reviews its price list periodically to reflect changes in supplier costs and market conditions. There is a risk that competitive pressures may limit the company's ability to pass on cost increases in full, which could impact profitability. The board mitigates this risk through regular margin analysis and cost control procedures.

All customers who wish to trade on credit terms are subject to credit verification procedures. Trade debtors are reviewed on a regular basis and provision is made for doubtful debts when necessary.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Prestons, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

R B Amipara - Director

29 May 2026

Opinion

We have audited the financial statements of Value and Service Dental Supplies Limited (the 'company') for the year ended 31 May 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 May 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 five, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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

Auditors' responsibilities for the audit of the financial statements

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

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, with particular regard to the nature of the company's activities as retail and wholesale supply of dental consumables, equipment and related products to dental practices and other customers. Our procedures include:

- We obtained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates, including the company's constitution, Companies Act 2006, UK tax legislation, employment law, health and safety regulations, Bribery Act 2010 and environmental and packaging-related regulations relevant to the company's operations.

- We discussed with management how the company ensures compliance with laws and regulations and considered whether there were any known or suspected instances of non-compliance.

- We assessed the susceptibility of the financial statements to material misstatement, including how fraud might occur, by considering the company's operations, internal controls, management judgement, revenue recognition, stock valuation, supplier arrangements, customer credit risk and the risk of management override of controls.

- We evaluated the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

- We tested journal entries and other adjustments, with particular focus on unusual or non-routine transactions, year-end adjustments, post balance sheet adjustments and entries affecting revenue, stock, margins, creditors and related party balances.

- We reviewed significant transactions outside the normal course of business and considered whether there was any indication of inappropriate accounting treatment or lack of commercial rationale.

- We reviewed correspondence with relevant authorities where available, including HMRC and other regulatory bodies, and considered the financial statement impact of any matters identified.

- We assessed whether the disclosures in the financial statements appropriately reflected the company's principal risks, including working capital, customer credit risk, stock valuation, supply chain pressures, raw material cost movements and funding arrangements.

- We concluded on the appropriateness of the directors' use of the going concern basis of accounting and, based on the evidence obtained, considered whether any material uncertainty existed that may cast significant doubt on the company's ability to continue as a going concern.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with International Standards on Auditing (UK). The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal controls. We are not responsible for preventing non-compliance with laws and regulations or fraud and cannot be expected to detect non-compliance with all laws and regulations or every incidence of 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.

Anwer Patel BA (Hons) FCA, BFP (Senior Statutory Auditor)

for and on behalf of Prestons

Chartered Accountants

Statutory Auditors

364-368 Cranbrook Road

Gants Hill

Ilford

Essex

IG2 6HY

29 May 2026

TURNOVER

4

2,266,452

1,789,832

Cost of sales

1,171,889

981,480

GROSS PROFIT

1,094,563

808,352

Administrative expenses

681,886

421,417

412,677

386,935

Other operating income

3,955

1,842

OPERATING PROFIT

6

416,632

388,777

Interest receivable and similar income

18

346

PROFIT BEFORE TAXATION

416,650

389,123

Tax on profit

7

105,016

101,132

PROFIT FOR THE FINANCIAL YEAR

311,634

287,991

PROFIT FOR THE YEAR

311,634

287,991

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

311,634

287,991

FIXED ASSETS

Intangible assets

8

8,000

9,000

Tangible assets

9

4,256

1,607

12,256

10,607

CURRENT ASSETS

Stocks

10

767,785

530,455

Debtors

11

1,055,664

1,071,477

Cash at bank and in hand

274,994

125,670

2,098,443

1,727,602

CREDITORS

Amounts falling due within one year

12

457,837

396,981

NET CURRENT ASSETS

1,640,606

1,330,621

TOTAL ASSETS LESS CURRENT LIABILITIES

1,652,862

1,341,228

CAPITAL AND RESERVES

Called up share capital

16

100

100

Retained earnings

17

1,652,762

1,341,128

SHAREHOLDERS' FUNDS

1,652,862

1,341,228

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 B Amipara - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 August 2023

-

1,053,137

1,053,137

Changes in equity

Issue of share capital

100

-

100

Total comprehensive income

-

287,991

287,991

Balance at 31 May 2024

100

1,341,128

1,341,228

Changes in equity

Total comprehensive income

-

311,634

311,634

Balance at 31 May 2025

100

1,652,762

1,652,862

1.	STATUTORY INFORMATION

Value and Service Dental Supplies Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 09130051 and registered office address is Unit C, Sands Industrial Estate, Lane End Road, High Wycombe, HP12 4HH.

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 two accounting periods are not comparable as the prior period is for ten months.

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.

Turnover

Turnover is measured as the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Depreciation is charged so as to allocate the costs of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Computer equipment - 20% on cost

The asset's residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the profit and loss account.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit and loss.

Financial instruments

Financial instruments are recognised in the company's balance sheet when it becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangements constitute financing transactions, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation

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

Current or deferred taxation assets and liabilities are not discounted.

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

Deferred tax

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

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

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

Foreign currencies

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

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.

Impairment of assets

At each reporting period end date, the company reviews the carrying amounts of its tangible, intangible and other assets to determine whether there is any indication that those assets have suffered an impairment loss. If such an indication exists, the recoverable amount of asset is estimated in order to determine the extent of the impairment loss (if any).

Cash and cash equivalents

Cash and cash equivalents comprise cash in hand, deposits held at call with banks, and other short-term highly liquid investments with original maturities of three months or less.

3.	CRITICAL ACCOUNTING JUDGEMENTS

The following are the judgements (apart from those involving estimation) that have had the most significant effect on the amounts recognised in the financial statements:

Classification of related party loans

The company has loan arrangements that are repayable on demand with related parties. The directors have exercised judgement in classifying these balances as current assets and liabilities in accordance with the contractual terms of the agreements.

Going concern

The directors have prepared cash flow forecasts for a period of at least twelve months from the date of approval of the financial statements. These forecasts take into account trading performance, working capital requirements and available banking facilities.

The company had net current assets of £1.6m at 31 May 2025 and generated positive operating cash flows during the year. On this basis, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and therefore continue to adopt the going concern basis of accounting.

Valuation of stock

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Provisions are made for slow-moving and obsolete stock based on historical experience, current sales trends and future demand expectations. Changes in customer demand or product lines could result in additional provisions.

Impairment of trade receivables

The company assesses receivables for impairment based on expected recoverability. Provisions are determined using historical loss experience, ageing analysis and specific knowledge of customer circumstances.

Useful economic lives of tangible fixed assets

Depreciation is charged over the estimated useful economic lives of assets. These estimates are reviewed annually and may be adjusted where technological changes or operational factors indicate a change in expected usage.

Debtors and creditors receivable/ payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Employee benefits

The company provides a range of benefits to employees, including short-term benefits such as salaries and paid holiday arrangements.

Short-term benefits are recognised as an expense in the period in which the service is received.

Operating leases

Rentals payable under operating leases are charged to profit or loss on a straight-line basis over the lease term.

4.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

Period

1/8/23

Year Ended

to

31/5/25

31/5/24

£

£

United Kingdom

2,266,452

1,789,832

2,266,452

1,789,832

5.	EMPLOYEES AND DIRECTORS

Period

1/8/23

Year Ended

to

31/5/25

31/5/24

£

£

Wages and salaries

177,193

148,507

Social security costs

10,550

9,772

Other pension costs

2,077

2,574

189,820

160,853

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

Period

1/8/23

Year Ended

to

31/5/25

31/5/24

Management and admin

2

2

Operations

5

5

7

7

Period

1/8/23

Year Ended

to

31/5/25

31/5/24

£

£

Directors' remuneration

-

-

6.	OPERATING PROFIT

The operating profit is stated after charging:

Period

1/8/23

Year Ended

to

31/5/25

31/5/24

£

£

Other operating leases

51,775

32,550

Depreciation - owned assets

1,219

446

Goodwill amortisation

1,000

1,000

Auditors' remuneration

3,000

2,067

7.

TAXATION

Analysis of the tax charge

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

Period

1/8/23

Year Ended

to

31/5/25

31/5/24

£

£

Current tax:

UK corporation tax

105,016

101,132

Tax on profit

105,016

101,132

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:

Period

1/8/23

Year Ended

to

31/5/25

31/5/24

£

£

Profit before tax

416,650

389,123

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

104,163

97,281

Effects of:

Expenses not deductible for tax purposes

1,265

584

Capital allowances in excess of depreciation

(412

)

-

Depreciation in excess of capital allowances

-

23

Adjustments to tax charge in respect of previous periods

-

3,244

Total tax charge

105,016

101,132

8.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 May 2025

10,000

AMORTISATION

At 1 June 2024

1,000

Amortisation for year

1,000

At 31 May 2025

2,000

NET BOOK VALUE

At 31 May 2025

8,000

At 31 May 2024

9,000

9.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 June 2024

2,228

Additions

3,868

At 31 May 2025

6,096

DEPRECIATION

At 1 June 2024

621

Charge for year

1,219

At 31 May 2025

1,840

NET BOOK VALUE

At 31 May 2025

4,256

At 31 May 2024

1,607

10.

STOCKS

31/5/25

31/5/24

£

£

Finished goods

767,785

530,455

11.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/25

31/5/24

£

£

Trade debtors

416,224

332,311

Amounts owed by group undertakings

425,227

-

Other debtors

214,213

739,166

1,055,664

1,071,477

12.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/25

31/5/24

£

£

Bank loans and overdrafts (see note 13)

52,316

-

Trade creditors

51,441

20,751

Tax

206,148

152,825

Social security and other taxes

2,875

2,731

VAT

117,980

122,439

Other creditors

21,377

92,535

Accrued expenses

5,700

5,700

457,837

396,981

13.

LOANS

An analysis of the maturity of loans is given below:

31/5/25

31/5/24

£

£

Amounts falling due within one year or on demand:

Bank loans

52,316

-

14.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31/5/25

31/5/24

£

£

Within one year

4,461

3,876