REGISTERED NUMBER: 10592910 (England and Wales)

Group Strategic Report, Report of the Directors and

Audited Consolidated Financial Statements for the Year Ended 31 December 2025

for

DWS Group Limited

Page

Group Strategic Report

1

Report of the Directors

2

Report of the Independent Auditors

3

Consolidated Statement of Comprehensive Income

6

Consolidated Balance Sheet

7

Company Balance Sheet

8

Consolidated Statement of Changes in Equity

9

Company Statement of Changes in Equity

10

Consolidated Cash Flow Statement

11

Notes to the Consolidated Cash Flow Statement

12

Notes to the Consolidated Financial Statements

13

The directors present their strategic report of the company and the group for the year ended 31 December 2025.

REVIEW OF BUSINESS

The directors are happy to report a successful year for the group.

The group has generated £23,416,562 (2024: £20,312,751) of turnover due to excellent products and customer service. The group has generated £3,730,046 (2024: £3,044,255) of profits before tax to give satisfactory results.

At the period end the group had net assets of £11,192,489 (2024: £10,959,641) including distributable profits of £10,891,684 (2024: £10,658,836). The directors therefore believe the group's position to be satisfactory, especially as the group's current assets exceed its current liabilities by £9,518,562 (2024: £9,345,804).

The directors believe that there is a strong foundation to build the business further and improve on the current period's results.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors have assessed the main risk facing the group as being increased competition from other national companies. These companies are able to sell similar products to those offered by the group at competitive prices, which could lead to decreasing margins. The directors believe that the quality of our products and customer service will help mitigate these risks and hope to see satisfactory trading results in the coming year.

The directors believe that there are sufficient systems and controls in place which allow for the business to react appropriately to any changes in the economic environment, whether positive or negative, and the directors hope to see satisfactory trading results in the coming year.

ON BEHALF OF THE BOARD:

Mr C H Markham - Director

26 May 2026

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

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of the sale of fire safety products and wireless alarm systems.

DIVIDENDS

The total distribution of dividends for the year ended 31 December 2025 will be £2,928,313.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

Mr B J Markham

Mr C H Markham

Mr R W Markham

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group 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 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.

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 ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

Drummond Laurie CA are deemed to be reappointed under section 487(2) of the Companies Act 2006.

ON BEHALF OF THE BOARD:

Mr C H Markham - Director

26 May 2026

Opinion

We have audited the financial statements of DWS Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2025 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated 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 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 December 2025 and of the group'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 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 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 Group 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 Group 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 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 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 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 Statement of Directors' Responsibilities set out on page two, 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.

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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities outlined above to detect material misstatements in respect of irregularities, including fraud.

Based on our understanding of the company, we identified that the principal risks of non-compliance with laws and regulations related to fraudulent manipulation of the financial statements, including the risk of override of controls, to reduce profits and tax liabilities. We determined that the most likely method of manipulation would be the posting of inappropriate journal entries. Audit procedures performed by the audit engagement team consisted of a review of large and unusual journal entries, challenging assumptions and judgements made by management in significant accounting estimates, discussions with management related to known or suspected instances of non-compliance with laws and regulations, review of Board minutes where available, and an evaluation of management controls designed to prevent

and detect irregularities.

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from 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.

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.

Craig Clinton (Senior Statutory Auditor)

for and on behalf of Drummond Laurie CA

Statutory Auditor

Unit 5

Gateway Business Park

Beancross Road

Grangemouth

FK3 8WX

26 May 2026

TURNOVER

23,416,562

20,312,751

Cost of sales

(13,949,092

)

(12,572,733

)

GROSS PROFIT

9,467,470

7,740,018

Administrative expenses

(5,791,228

)

(4,720,701

)

OPERATING PROFIT

4

3,676,242

3,019,317

Interest receivable and similar income

54,304

26,938

3,730,546

3,046,255

Interest payable and similar expenses

5

(500

)

(2,000

)

PROFIT BEFORE TAXATION

3,730,046

3,044,255

Tax on profit

6

(568,885

)

(415,760

)

PROFIT FOR THE FINANCIAL YEAR

3,161,161

2,628,495

OTHER COMPREHENSIVE INCOME

Acquisition of non-controlling interest

Income tax relating to other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

3,161,161

2,628,495

Profit attributable to:

Owners of the parent

3,161,161

2,628,495

Total comprehensive income attributable to:

Owners of the parent

3,161,161

2,628,495

FIXED ASSETS

Intangible assets

9

84,000

96,000

Tangible assets

10

1,896,205

1,855,642

Investments

11

-

-

1,980,205

1,951,642

CURRENT ASSETS

Stocks

12

7,643,555

8,094,957

Debtors

13

3,888,193

3,508,881

Cash at bank

6,065,233

2,616,450

17,596,981

14,220,288

CREDITORS

Amounts falling due within one year

14

(8,078,419

)

(4,874,484

)

NET CURRENT ASSETS

9,518,562

9,345,804

TOTAL ASSETS LESS CURRENT LIABILITIES

11,498,767

11,297,446

CREDITORS

Amounts falling due after more than one year

15

(3,646

)

(44,434

)

PROVISIONS FOR LIABILITIES

19

(302,632

)

(293,371

)

NET ASSETS

11,192,489

10,959,641

CAPITAL AND RESERVES

Called up share capital

20

300,805

300,805

Retained earnings

21

10,891,684

10,658,836

SHAREHOLDERS' FUNDS

11,192,489

10,959,641

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:

Mr C H Markham - Director

FIXED ASSETS

Intangible assets

9

-

-

Tangible assets

10

-

-

Investments

11

1,156,646

1,156,646

1,156,646

1,156,646

CURRENT ASSETS

Debtors

13

33,451

646,958

Cash at bank

5,016,320

2,044,901

5,049,771

2,691,859

CREDITORS

Amounts falling due within one year

14

(3,641,964

)

(1,320,436

)

NET CURRENT ASSETS

1,407,807

1,371,423

TOTAL ASSETS LESS CURRENT LIABILITIES

2,564,453

2,528,069

CAPITAL AND RESERVES

Called up share capital

20

300,805

300,805

Retained earnings

21

2,263,648

2,227,264

SHAREHOLDERS' FUNDS

2,564,453

2,528,069

Company's profit for the financial year

2,964,697

2,213,440

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:

Mr C H Markham - Director

Called up

share

Retained

Non-controlling

Total

capital

earnings

Total

interests

equity

£

£

£

£

£

Balance at 1 January 2024

300,205

10,224,628

10,524,833

-

10,524,833

Changes in equity

Issue of share capital

600

-

600

-

600

Dividends

-

(2,194,287

)

(2,194,287

)

-

(2,194,287

)

Total comprehensive income

-

2,628,495

2,628,495

-

2,628,495

Balance at 31 December 2024

300,805

10,658,836

10,959,641

-

10,959,641

Changes in equity

Dividends

-

(2,928,313

)

(2,928,313

)

-

(2,928,313

)

Total comprehensive income

-

3,161,161

3,161,161

-

3,161,161

Balance at 31 December 2025

300,805

10,891,684

11,192,489

-

11,192,489

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2024

300,205

2,208,111

2,508,316

Changes in equity

Issue of share capital

600

-

600

Dividends

-

(2,194,287

)

(2,194,287

)

Total comprehensive income

-

2,213,440

2,213,440

Balance at 31 December 2024

300,805

2,227,264

2,528,069

Changes in equity

Dividends

-

(2,928,313

)

(2,928,313

)

Total comprehensive income

-

2,964,697

2,964,697

Balance at 31 December 2025

300,805

2,263,648

2,564,453

Cash flows from operating activities

Cash generated from operations

1

5,559,481

2,465,015

Interest paid

(500

)

(2,000

)

Tax paid

(417,326

)

(321,832

)

Net cash from operating activities

5,141,655

2,141,183

Cash flows from investing activities

Purchase of tangible fixed assets

(484,515

)

(252,656

)

Sale of tangible fixed assets

72,200

35,702

Interest received

54,304

26,938

Net cash from investing activities

(358,011

)

(190,016

)

Cash flows from financing activities

Loan repayments in year

(40,000

)

-

Capital repayments in year

(61,311

)

(43,383

)

Amount introduced by directors

1,694,763

1,800,000

Amount withdrawn by directors

-

(471,775

)

Equity dividends paid

(2,928,313

)

(2,194,287

)

Net cash from financing activities

(1,334,861

)

(909,445

)

Increase in cash and cash equivalents

3,448,783

1,041,722

Cash and cash equivalents at beginning of year

2

2,616,450

1,574,728

Cash and cash equivalents at end of year

2

6,065,233

2,616,450

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

31.12.25

31.12.24

£

£

Profit before taxation

3,730,046

3,044,255

Depreciation charges

449,218

510,796

Profit on disposal of fixed assets

(65,466

)

(35,702

)

Finance costs

500

2,000

Finance income

(54,304

)

(26,938

)

4,059,994

3,494,411

Decrease in stocks

451,402

240,147

(Increase)/decrease in trade and other debtors

(379,312

)

501,835

Increase/(decrease) in trade and other creditors

1,427,397

(1,771,378

)

Cash generated from operations

5,559,481

2,465,015

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 31 December 2025

31.12.25

1.1.25

£

£

Cash and cash equivalents

6,065,233

2,616,450

Year ended 31 December 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

2,616,450

1,574,728

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.25

Cash flow

At 31.12.25

£

£

£

Net cash

Cash at bank

2,616,450

3,448,783

6,065,233

2,616,450

3,448,783

6,065,233

Debt

Finance leases

(105,745

)

61,311

(44,434

)

Debts falling due within 1 year

(40,000

)

40,000

-

(145,745

)

101,311

(44,434

)

Total

2,470,705

3,550,094

6,020,799

1.	STATUTORY INFORMATION

DWS Group Limited is a private company, limited by shares, domiciled in England, registration number 10592910. The registered office is Stirling House, Unit 6 Beacon Road, Rotherwas Industrial Estate, Hereford, HR2 6JF.

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.

Basis of consolidation

The consolidated accounts are prepared in accordance with the group’s accounting principles and include the accounts of the parent company and all subsidiaries. Subsidiaries are consolidated from the date the group exercises control or influence over the company. Divested companies are included in the consolidated accounts until the date the group ceases to control or exercise influence over them. In preparing the consolidated financial statements any intra-group transactions have been eliminated.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Turnover

Turnover represents net invoiced sales of goods and services in respect of the sale of fire safety products and wireless alarm systems, excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Plant and machinery

-

50% on cost, 33% on cost, 25% on reducing balance and 20% on cost

Fixtures and fittings

-

33% on cost, 25% on reducing balance, 20% on cost and 12.5% on cost

Motor vehicles

-

33% on cost and 25% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

Taxation

Taxation for the year 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 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

Cash and cash equivalents

Cash and cash equivalents include cash at bank and in hand and highly liquid interest-bearing securities with maturities of three months or less. In the cash-flow statement, cash and cash equivalents are shown net of bank overdrafts, which are included as current borrowings in liabilities on the balance sheet.

3.	EMPLOYEES AND DIRECTORS

31.12.25

31.12.24

£

£

Wages and salaries

5,423,743

5,105,394

Social security costs

748,365

581,595

Other pension costs

86,719

81,115

6,258,827

5,768,104

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

31.12.25

31.12.24

Employees

114

116

The average number of employees by undertakings that were proportionately consolidated during the year was 114 (2024 - 116 ) .

The key management personnel for the group are deemed to be the directors.

31.12.25

31.12.24

£

£

Directors' remuneration

25,140

25,140

4.	OPERATING PROFIT

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

31.12.25

31.12.24

£

£

Depreciation - owned assets

347,553

396,308

Depreciation - assets on hire purchase contracts

89,665

102,488

Profit on disposal of fixed assets

(65,466

)

(35,702

)

Patents and licences amortisation

12,000

12,000

Auditors' remuneration

31,305

29,560

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

31.12.25

31.12.24

£

£

Loan

500

2,000

6.

TAXATION

Analysis of the tax charge

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

31.12.25

31.12.24

£

£

Current tax:

UK corporation tax

452,344

417,327

Over/under provision of tax

107,280

42,848

Total current tax

559,624

460,175

Deferred tax

9,261

(44,415

)

Tax on profit

568,885

415,760

Reconciliation of total tax charge included in profit and loss

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

31.12.25

31.12.24

£

£

Profit before tax

3,730,046

3,044,255

Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2024 - 24.800 %)

932,512

754,975

Effects of:

Expenses not deductible for tax purposes

29,054

10,298

Income not taxable for tax purposes

(16,367

)

(61,926

)

Depreciation in excess of capital allowances

12,624

65,609

Adjustments to tax charge in respect of previous periods

107,280

42,772

Deferred tax movement

9,261

(44,415

)

Patent box adjustment

(440,979

)

(351,553

)

R&D tax allowance

(64,500

)

-

Total tax charge

568,885

415,760

Tax effects relating to effects of other comprehensive income

There were no tax effects for the year ended 31 December 2025.

31.12.24

Gross

Tax

Net

£

£

£

Acquisition of non-controlling interest

7.	INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.