REGISTERED NUMBER: 03898371 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

SNAINTON GOLF CENTRE LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

5

Statement of Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Cash Flow Statement

12

Notes to the Cash Flow Statement

13

Notes to the Financial Statements

14

DIRECTORS:

J D Hinchliffe

B Hinchliffe

SECRETARY:

B Hinchliffe

REGISTERED OFFICE:

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

REGISTERED NUMBER:

03898371 (England and Wales)

AUDITORS:

Lloyd Dowson Audit Limited

Chartered Accountants

& Statutory Auditors

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

The directors present their strategic report for the year ended 30 September 2025.

During the previous year, the financial year end of the company was changed from 31 March to 30 September. Accordingly, the comparative financial statements are prepared for the 18 months from 1 April 2023 to 30 September 2024 and as a result the comparative figures stated in the income statement and related notes are not comparable.

REVIEW OF BUSINESS

The company primarily derives its turnover and profits from the sale of golf equipment and golf course income.

The key financial highlights are as follows:

30.09.25

30.09.24

31.03.23

(12 months

)

(18 months

)

(12 months

)

as restated

Turnover

£12,736,621

£18,549,602

£13,243,948

Profit before tax

£1,504,117

£1,143,473

£374,550

Net assets

£5,776,546

£4,733,446

£3,824,403

Turnover has increased 2.99% pro rata for the year, compared to the previous 18 month period (2024 - 6.63% decrease).

The directors are pleased with the company's performance for the year which has been achieved through continued investment in the company's accounting systems which have been essential to create additional benefits to the business.

The company remains in a strong cash position, with further growth in net assets.

PRINCIPAL RISKS AND UNCERTAINTIES

The company operates in the leisure industry and seeks to attract customers looking to purchase golfing equipment, whether from their retails shops, or online, and those seeking to use their golfing facilities. Both of these areas represent discretionary expenditure by consumers and as such, the company is exposed to the changing economic conditions and its impact on consumer spending. The company strives to maintain its strong reputation within the golfing market to reduce its exposure to significant market risk.

The company is subject to a number of trading and operational risks including employment responsibilities, public and staff health and safety risks, together with legal compliance obligations and competitive pressures. The company mitigates these risks by ensuring that good industry practices are followed.

The company depends on reliable, continuous access to its IT systems and the internet. Any system outages or connectivity issues could prevent customer orders from being processed, leading to delays in delivery. The company monitors these risks by ensuring that the system is continuously monitored and updated and that internal controls are in place to reduce security risks.

The company also faces risk from competitors throughout the UK and abroad, for their online trading. The directors constantly monitor the actions of competitors in order to be able to react quickly to changing conditions, when necessary.

The directors monitor all business risks and have implemented a strategy for continuous improvement.

FINANCIAL INSTRUMENTS

The company's principal financial instruments comprise bank balances, trade creditors and trade debtors. The main purpose of these financial instruments is to raise funds to finance the company's operations.

Due to the nature of the financial instruments used by the company, there is minimal exposure to currency risk. The company's approach to managing other risks applicable to the financial instruments is detailed below.

Trade debtors are managed through credit and cash flow risk by assessing the credit offered to customers and the regular monitoring of amounts outstanding at a given time.

Trade creditors liquidity risk is managed by ensuring sufficient funds are available to meet liabilities as they fall due.

The company's bank accounts are monitored to ensure the company has sufficient funds to meet their current commitments, making use of overdraft facilities, where appropriate.

FUTURE DEVELOPMENTS

In order to continue to grow, the company continues to invest in its accounting system and processes to help the directors, monitor and control the business, as well as maintaining strong relationships with customers and suppliers.

ON BEHALF OF THE BOARD:

B Hinchliffe - Secretary

29 May 2026

The directors present their report with the financial statements of the company for the year ended 30 September 2025.

PRINCIPAL ACTIVITIES

The principal activities of the company are the retail sale of golfing equipment and the operation of golf facilities and there has been no significant change.

DIVIDENDS

The total distribution of dividends for the year ended 30 September 2025 will be £ 57,000 .

DIRECTORS

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

J D Hinchliffe

B Hinchliffe

DISCLOSURE IN THE STRATEGIC REPORT

In accordance with Section 414C (11) of the Companies Act 2006, the company has chosen to report details concerning financial instruments and future developments within the strategic report.

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 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.

ON BEHALF OF THE BOARD:

B Hinchliffe - Secretary

29 May 2026

Qualified Opinion

We have audited the financial statements of Snainton Golf Centre Limited (the 'company') for the year ended 30 September 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion, except for the possible effects on the corresponding figures of the matter described in the basis for qualified opinion section of our report, the financial statements:

-

give a true and fair view of the state of the company’s affairs as at 30 September 2025 and of the company’s 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 qualified opinion

The company’s accounts for the period ended 30 September 2024 were subject to a disclaimer of opinion. This arose because we were unable to obtain sufficient appropriate audit evidence to satisfy ourselves that the amounts presented were free from material misstatement, primarily due to the company’s inability to provide key supporting records and to perform key balance sheet reconciliations for a number of balances. Consequently we were unable to determine whether any adjustments were necessary or whether there was any consequential effect on the profit for the year ended 30 September 2025.

Our audit opinion on the financial statement for the year ended 30 September 2025 has been modified accordingly because of the possible effect of this matter on the opening balances. One prior year adjustment has been made; however, we were unable to obtain sufficient appropriate evidence to support the remaining opening balances that were subject to limitation in the prior period.

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 Auditor’s 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 qualified 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.

Key audit matters

Except for the matter described in the basis for qualified opinion section, we have determined that there are no key audit matters to be communicated in our 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.

As described in the basis for qualified opinion section of our report, we were unable to satisfy ourselves concerning the comparative balances at 30 September 2024. We have concluded that where the other information refers to the comparative balances, it may be materially misstated.

Opinions on other matters prescribed by the Companies Act 2006

Except for the possible effects of the matter described in the basis for qualified opinion section of our report, 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

Except for the matter described in the basis for qualified opinion section of our report, 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.

Arising solely from the limitation on the scope of our work relating to the opening balances, described in the basis for qualified opinion:

-

we have not obtained all the information and explanations that we considered necessary for the purpose of our audit; and

-

we were unable to determine whether adequate accounting records have been kept.

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:

-

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.

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:

Irregularities are instances of non-compliance with laws and regulations. The objectives of our audit are to obtain sufficient appropriate audit evidence regarding compliance with laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements, to perform audit procedures to help identify instances of non-compliance with other laws and regulations that may have a material effect on the financial statements, and to respond appropriately to identified or suspected non-compliance with laws and regulations identified during the audit.

In relation to fraud, the objectives of our audit are to identify and assess the risk of material misstatement of the financial statements due to fraud, to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud through designing and implementing appropriate responses and to respond appropriately to fraud or suspected fraud identified during the audit.

However, it is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, the audit engagement team:

-

obtained an understanding of the nature of the industry and sector, including the legal and regulatory frameworks that the company operates in, including whether the company is complying with those legal and regulatory frameworks;

-

inquired of management, and those charged with governance, about their own identification and assessment of the risks of irregularities, including any known actual, suspected or alleged instances of fraud;

-

discussed matters about non-compliance with laws and regulations and how fraud might occur including assessment of how and where the financial statements may be susceptible to fraud.

As a result of these procedures, we consider the most significant laws and regulations that have a direct impact on the financial statements are FRS 102, the Companies Act 2006 and tax compliance regulations. We performed audit procedures to detect non-compliance which may have a material impact on the financial statements which included reviewing financial statement disclosures, inspecting correspondence with relevant tax authorities and evaluating advice received from third party advisors.

The most significant laws and regulations that have an indirect impact on the financial statements are those in relation to health and safety, data protection and employment laws. We performed audit procedures to inquire of management whether the company is in compliance with these laws. This work included evaluating correspondence with third party consultants.

The audit engagement team identified the risk of management override of controls and the risk of fraud in revenue recognition as the areas where the financial statements were most susceptible to material misstatement due to fraud. Audit procedures performed included but were not limited to;

-

testing material journal entries throughout the year and evaluating their business rationale;

-

reviewing key controls and account reconciliations;

-

testing material bank transactions for business rationale;

-

on a sample basis, reviewing authorisation procedures of business expenditure, including review of supporting documentation.

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.

Charlotte Foreman FCCA (Senior Statutory Auditor)

for and on behalf of Lloyd Dowson Audit Limited

Chartered Accountants

& Statutory Auditors

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

29 May 2026

TURNOVER

3

12,736,621

18,549,602

Cost of sales

8,807,307

14,406,597

GROSS PROFIT

3,929,314

4,143,005

Administrative expenses

2,821,761

3,588,483

1,107,553

554,522

Other operating income

272,215

273,023

OPERATING PROFIT

5

1,379,768

827,545

Income from participating interests

81,882

286,118

Interest receivable and similar income

42,598

29,933

124,480

316,051

1,504,248

1,143,596

Interest payable and similar expenses

6

131

123

PROFIT BEFORE TAXATION

1,504,117

1,143,473

Tax on profit

7

404,017

171,930

PROFIT FOR THE FINANCIAL YEAR

1,100,100

971,543

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,100,100

971,543

FIXED ASSETS

Tangible assets

10

1,714,124

1,454,656

Investments

11

99

99

1,714,223

1,454,755

CURRENT ASSETS

Stocks

12

3,512,470

3,373,782

Debtors

13

678,933

721,841

Cash at bank and in hand

2,467,002

1,482,548

6,658,405

5,578,171

CREDITORS

Amounts falling due within one year

14

2,456,531

2,191,824

NET CURRENT ASSETS

4,201,874

3,386,347

TOTAL ASSETS LESS CURRENT LIABILITIES

5,916,097

4,841,102

PROVISIONS FOR LIABILITIES

15

139,551

107,656

NET ASSETS

5,776,546

4,733,446

CAPITAL AND RESERVES

Called up share capital

16

28,752

28,752

Retained earnings

17

5,747,794

4,704,694

SHAREHOLDERS' FUNDS

5,776,546

4,733,446

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:

J D Hinchliffe - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2023

28,752

3,795,651

3,824,403

Changes in equity

Dividends

-

(62,500

)

(62,500

)

Total comprehensive income

-

971,543

971,543

Balance at 30 September 2024

28,752

4,704,694

4,733,446

Changes in equity

Dividends

-

(57,000

)

(57,000

)

Total comprehensive income

-

1,100,100

1,100,100

Balance at 30 September 2025

28,752

5,747,794

5,776,546

Cash flows from operating activities

Cash generated from operations

1

1,273,698

648,649

Interest paid

(131

)

(123

)

Tax paid

(179,908

)

(74,367

)

Net cash from operating activities

1,093,659

574,159

Cash flows from investing activities

Purchase of tangible fixed assets

(377,420

)

(352,052

)

Sale of tangible fixed assets

8,525

6,254

Interest received

42,598

29,933

Dividends received

348,235

33,618

Net cash from investing activities

21,938

(282,247

)

Cash flows from financing activities

Advanced/(withdrawn) by directors

31,133

37,851

Loan to associated company

(105,276

)

324,605

Equity dividends paid

(57,000

)

(62,500

)

Net cash from financing activities

(131,143

)

299,956

Increase in cash and cash equivalents

984,454

591,868

Cash and cash equivalents at beginning of year

2

1,482,548

890,680

Cash and cash equivalents at end of year

2

2,467,002

1,482,548

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

Period

1.4.23

Year ended

to

30.9.25

30.9.24

as restated

£

£

Profit before taxation

1,504,117

1,143,473

Depreciation charges

95,618

153,044

Profit on disposal of fixed assets

(3,180

)

(518

)

Finance costs

131

123

Finance income

(124,480

)

(316,051

)

1,472,206

980,071

(Increase)/decrease in stocks

(138,688

)

1,609,148

Decrease/(increase) in trade and other debtors

89,326

(429,088

)

Decrease in trade and other creditors

(149,146

)

(1,511,482

)

Cash generated from operations

1,273,698

648,649

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 September 2025

30.9.25

1.10.24

£

£

Cash and cash equivalents

2,467,002

1,482,548

Period ended 30 September 2024

30.9.24

1.4.23

as restated

£

£

Cash and cash equivalents

1,482,548

890,680

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.10.24

Cash flow

At 30.9.25

£

£

£

Net cash

Cash at bank and in hand

1,482,548

984,454

2,467,002

1,482,548

984,454

2,467,002

Total

1,482,548

984,454

2,467,002

1.	STATUTORY INFORMATION

Snainton Golf Centre 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 Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next financial year are addressed below.

i. Useful economic lives of tangible assets

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

ii. Stock provisioning

The company purchases golfing equipment from manufacturers and second-hand from private individuals. It is necessary to consider the recoverability of the cost of this stock and the associated provisioning required. When calculating the stock provision, management considers the nature, age and condition of the stock, as well as applying assumptions around anticipated saleability of golfing equipment.

iii. Supplier rebates

The value of supplier rebates included in the income statement is generally calculated by applying an agreed percentage to the gross supplier invoice price of the goods purchased. The majority of supplier rebates, are determined by reference to "guaranteed" rates of rebate, the remainder are subject to stepped targets, the net rebate percentage increasing as values or volumes purchased reach pre-agreed targets. A significant proportion of the rebate agreements are not coterminous with the company's year end and are on a calendar year. As such caution is applied to ensure that supplier rebate income is not recognised until all the risk and rewards are guaranteed. Amounts receivable under most Supplier Arrangements are earned and settled monthly, although some agreements may also stipulate quarterly, bi-annual or annual payment.

As a result, the key judgement made is to determine the value of rebates to be immediately recognised in the profit and loss account.

Turnover

Turnover comprises retail sales and services, net of discounts and rebates and excluding value added tax and other taxes. Sales are recognised when goods are sold and either the customer takes possession on payment, when goods are dispatched for delivery to the customer, or when the service has been provided to the customer.

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

10% on reducing balance

Office equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Fixtures & fittings

-

10% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value. Cost is determined on the weighted average method after making due allowance for obsolete and slow moving items.

Taxation

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

Current or deferred taxation assets and liabilities are not discounted.

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

Deferred tax

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

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

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

Pension costs and other post-retirement benefits

The company has implemented auto-enrolment pension in respect of all employees. Contributions are charged to the statement of comprehensive income in the period to which they relate.

3.

TURNOVER

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

An analysis of turnover by class of business is given below:

Period

1.4.23

Year ended

to

30.9.25

30.9.24

as restated

£

£

Retail sales

12,446,699

18,107,404

Golf course income

289,922

442,198

12,736,621

18,549,602

4.	EMPLOYEES AND DIRECTORS

Period

1.4.23

Year ended

to

30.9.25

30.9.24

as restated

£

£

Wages and salaries

1,030,566

1,415,730

Social security costs

95,287

110,371

Other pension costs

33,827

22,503

1,159,680

1,548,604

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

Period

1.4.23

Year ended

to

30.9.25

30.9.24

as restated

Directors

2

2

Other employees

41

37

43

39

Period

1.4.23

Year ended

to

30.9.25

30.9.24

as restated

£

£

Directors' remuneration

26,342

38,912

Directors' pension contributions to money purchase schemes

16,380

570

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes

2

2

5.	OPERATING PROFIT

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

Period

1.4.23

Year ended

to

30.9.25

30.9.24

as restated

£

£

Hire of plant and machinery

68,843

79,741

Depreciation - owned assets

95,618

153,044

Profit on disposal of fixed assets

(3,180

)

(518

)

Auditors' remuneration

25,000

32,000

Auditors' remuneration for non audit work

11,924

17,319

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

Period

1.4.23

Year ended

to

30.9.25

30.9.24

as restated

£

£

HMRC interest

131

123

7.

TAXATION

Analysis of the tax charge

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

Period

1.4.23

Year ended

to

30.9.25

30.9.24

as restated

£

£

Current tax:

UK corporation tax

372,122

160,939

Deferred tax

31,895

10,991

Tax on profit

404,017

171,930

UK corporation tax has been charged at 25% (2024 - 25%).

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

1.4.23

Year ended

to

30.9.25

30.9.24

as restated

£

£

Profit before tax

1,504,117

1,143,473

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

376,029

285,868

Effects of:

Expenses not deductible for tax purposes

747

1,536

Income not taxable for tax purposes

(20,471

)

(72,342

)

Capital allowances in excess of depreciation

(34,939

)

(3,367

)

Deferred taxation

31,895

10,991

Tax on prior year adjustment

50,756

(50,756

)

Total tax charge

404,017

171,930