REGISTERED NUMBER: 08337068 (England and Wales)

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

BRUNO GENERATORS UK LIMITED

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

7

Report of the Independent Auditors

9

Consolidated Income Statement

12

Consolidated Other Comprehensive Income

13

Consolidated Balance Sheet

14

Company Balance Sheet

15

Consolidated Statement of Changes in Equity

16

Company Statement of Changes in Equity

17

Consolidated Cash Flow Statement

18

Notes to the Consolidated Cash Flow Statement

19

Notes to the Consolidated Financial Statements

20

DIRECTORS:

R Bruno

G Paris

REGISTERED OFFICE:

30/34 North Street

Hailsham

East Sussex

BN27 1DW

REGISTERED NUMBER:

08337068 (England and Wales)

AUDITORS:

Watson Associates (Audit Services) Ltd

Statutory Auditor

30 - 34 North Street

Hailsham

East Sussex

BN27 1DW

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

REVIEW OF BUSINESS

Principal Activity and Group Structure

Bruno Generators UK Limited is the ultimate UK holding company for the Bruno Group's UK and Australian

operations. The Company's ultimate parent undertaking and controlling party is Bruno Generators Group

S.P.A, a company incorporated in Italy.

The Group operates across two principal geographies, the United Kingdom and Australia, through a portfolio

of subsidiary undertakings. The principal activity of the Group is the supply and maintenance of electrical

generating equipment, with operations encompassing equipment sales, servicing, installation, spare parts

supply and specialist manufacturing. The Group's main operating subsidiaries and their respective roles are

as follows:

o BGG UK Limited: The Group's primary UK trading entity, responsible for the supply of Stage V

emission-compliant generators to the UK hire and rental market, together with servicing, spare parts and

bespoke UK build projects.

o DDSL Limited: A specialist manufacturing and sub-contracting entity providing bespoke generator

manufacturing and technical services, operating primarily on project-based contracts.

o Westac Power Generation Limited: A UK-based manufacturing entity within the Group.

o Bruno Power Limited: An intermediate UK holding company, the immediate parent of BGG UK Limited,

DDSL Limited, Westac Power Generation Limited and the Australian subsidiaries.

o Powerlite Australia Pty Limited: The Group's primary Australian trading entity, supplying generators and

related products and services to the Australian market.

o Ilite Technologies Pty Limited: An Australian subsidiary operating within the power generation technology

sector.

The Group has continued to invest in its UK operations during the year, including through the development of

a new manufacturing and refurbishment facility in the United Kingdom. This investment enhances the Group's

domestic production and distribution capacity and supports the strategy of bringing manufacturing capabilities

closer to the end customer, reducing lead times and improving service responsiveness.

In addition to its core Stage V generator product range, the Group is actively investing in next-generation

power solutions, including hybrid generator systems, battery energy storage systems (BESS) and

hydrogen-fuelled generation options. These investments are intended to ensure that the Group is well

positioned to meet evolving customer requirements and changing regulatory and environmental expectations

within its markets.

Financial Performance

The year ended 31 December 2025 has seen the Group deliver another year of strong revenue growth and

sustained profitability. Group turnover increased by 9.96% to £30.88 million (2024: £28.09 million), only the

second time in the Group's history that consolidated revenues have exceeded £28 million. This performance

reflects continued demand for the Group's power generation products and services across both the UK and

international markets.

Gross profit increased to £4.79 million (2024: £4.48 million), with the gross profit margin of 15.51% (2024:

15.95%) remaining broadly consistent year-on-year. The marginal reduction in margin percentage reflects the

shift in revenue mix, with a greater proportion of sales attributable to lower-margin genset supply relative to

higher-margin service and parts revenue. Administrative expenses increased to £2.88 million (2024: £2.62

million), reflecting investment in headcount and operational infrastructure to support the Group's growth.

Profit before taxation increased to £1.92 million (2024: £1.87 million). After a corporation tax charge of

£540,812 (2024: £492,577), profit for the financial year was £1.38 million (2024: £1.38 million), with the prior

year level of post-tax profit maintained notwithstanding the increased tax charge.

Group net assets at 31 December 2025 stood at £6.07 million (2024: £5.05 million), an increase of £1.02

million. This growth in net assets, achieved after the payment of an equity dividend of £370,000 (2024: £nil)

and the repayment of a £2.60 million intercompany loan from Bruno SRL, demonstrates the underlying

financial strength and cash generation capacity of the Group. Cash at bank increased to £1.84 million (2024:

£1.20 million).

Key Performance Indicators

The directors use the following key performance indicators to monitor and assess the Group's financial health, performance and position. All KPIs are financial; as a medium-sized group the directors are not required to report on non-financial KPIs.

Key Performance Indicator

2025

2024

Variance

Turnover

£30,884,304

£28,087,775

+£2,796,529 (+9.96%)

Gross Profit

£4,790,811

£4,481,156

+£309,656 (+6.91%)

Gross Profit Margin

15.51%

15.95%

-0.44%

Profit Before Taxation

£1,921,857

£1,868,237

+£53,620 (+2.87%)

Net Profit After Tax

£1,381,045

£1,375,660

+£5,385 (+0.39%)

Net Profit Margin

4.47%

4.90%

-0.43%

Net Assets

£6,071,403

£5,047,554

+£1,023,849 (+20.28%)

Average Employees

22

28

-6

Revenue Analysis by Product and Geography

The tables below set out the analysis of Group revenue by product stream and by geographical market.

Revenue by product stream:

Revenue Stream

2025 £

2024 £

Movement £

Generator Sales (Gensets)

28,631,369

26,355,904

+2,275,465

Spare Parts

945,659

1,070,327

-124,668

Services

1,307,276

661,544

+645,732

Total

30,884,304

28,087,775

+2,796,529

Revenue by geographical market:

Geographic Market

2025 £

2024 £

Movement £

United Kingdom

19,728,202

22,913,037

-3,184,835

Europe

4,393,592

1,465,881

+2,927,711

Rest of World

6,762,510

3,708,857

+3,053,653

Total

30,884,304

28,087,775

+2,796,529

Generator sales continue to represent the dominant revenue stream, increasing by 8.6% to £28.63 million

(2024: £26.36 million), driven by ongoing demand for Stage V compliant equipment. Service revenues grew

particularly strongly, increasing by 97.6% to £1.31 million (2024: £662k), reflecting the continued development

of the Group's aftersales capability. Spare parts revenues declined modestly to £946k (2024: £1.07 million).

Geographically, the Group has experienced a notable shift in revenue mix during the year. UK revenues

declined to £19.73 million (2024: £22.91 million), whilst export revenues grew substantially, with European

revenues increasing to £4.39 million (2024: £1.47 million) and Rest of World revenues increasing to £6.76

million (2024: £3.71 million). The significant growth in international revenues reflects the contribution of

Powerlite Australia and developing export activity through the Group's UK entities.

Subsidiary Contributions

BGG UK Limited remained the Group's most significant contributor to consolidated revenue and profit,

generating turnover of £24.15 million (2024: £24.39 million) and a profit for the year of £1.50 million (2024:

£1.48 million). The improvement in gross margin at BGG UK to 15.6% (2024: 14.3%) is particularly

encouraging and reflects the benefits of the Company's focus on service and aftersales revenues alongside

equipment supply.

Powerlite Australia Pty Limited contributed revenues of approximately £6.26 million (in Sterling equivalent

terms) and a profit of approximately £58k, making a meaningful contribution to the Group's international

revenue base. DDSL Limited contributed revenues of £484k (2024: £278k) and a profit of £40k, with the

increase in revenue reflecting the recognition of a significant manufacturing contract during the year.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors have identified the following as the principal risks and uncertainties facing the Group:

Market and Economic Risk

Demand for capital equipment such as generators is sensitive to levels of economic activity in the Group's

end markets. During periods of economic downturn, capital expenditure across the Group's customer sectors

may slow, reducing purchase volumes. The directors mitigate this risk through the diversity of the Group's

customer base, which spans multiple end-use sectors in the UK including construction, infrastructure, events,

emergency response and grid support, as well as through geographic diversification via the Group's

Australian operations.

Supply Chain Risk

The Group sources the majority of its generator products and components from Bruno Group entities in Italy,

principally Bruno SRL and Tecnogen SpA. Whilst this integrated supply chain provides significant commercial

advantages, it creates a degree of concentration risk in respect of product availability and lead times. The

directors consider this risk to be manageable given the strength of the existing group relationships. The

Group's ongoing investment in UK-based manufacturing and refurbishment capabilities is also expected to

reduce reliance on imported finished goods over time.

Foreign Exchange Risk

The Group is exposed to foreign exchange risk through two principal channels: the purchase of stock and

components from Italian group members denominated in GBP, and the translation of the results and net

assets of the Group's Australian subsidiaries into Sterling for consolidation purposes. The Group recorded a

net foreign exchange gain of £12,804 through other comprehensive income in the year (2024: loss of £8,102).

Intra-group GBP-denominated purchases are from related group members, which limits the economic

exposure to exchange rate movements. The directors continue to monitor the Group's overall currency

exposure.

Working Capital and Debtor Recovery Risk

The Group's working capital requirements have increased in line with trading activity. Consolidated trade

debtors at 31 December 2025 were £8.03 million (2024: £4.69 million), and stock levels increased to £11.03

million (2024: £8.99 million). Slow debtor recovery is an inherent feature of the power generation hire market.

The directors actively monitor debtor balances and the Group has access to support from its wider

international network to manage working capital fluctuations where necessary.

Regulatory and Environmental Risk

The Group operates in a sector subject to ongoing regulatory change, particularly in relation to emission

standards for power generation equipment. The transition to Stage V compliant products has been a key

commercial driver during the year. The directors consider this regulatory environment to also represent a

commercial opportunity, as it drives fleet renewal activity amongst the Group's customers. The Group

continues to monitor developments in environmental legislation, including emerging requirements relating to

hybrid and zero-emission power solutions, and is investing in next-generation product development

accordingly.

People Risk

The specialist nature of the power generation sector means that experienced technical and commercial staff

are difficult to recruit. The Group currently operates with a stable workforce, with an average of 22 employees

during the year (2024: 28). The directors consider the retention of key technical staff to be an ongoing priority.

Cross-Border Compliance Risk

As a UK subsidiary of an Italian-headquartered international group with operations in Australia, the Group is

subject to cross-border compliance obligations, including those arising from intercompany transactions,

transfer pricing rules, and the timely settlement and disclosure of intra-group balances. The Group also

operates in a post-Brexit trading environment which continues to evolve, particularly in relation to

cross-jurisdictional VAT treatment and import/export obligations. The directors ensure that the Group meets

its statutory filing and reporting obligations across all jurisdictions in which it operates.

OUTLOOK

The directors remain optimistic about the Group's prospects for the year ending 31 December 2026. The

underlying demand for reliable power generation equipment and services in the Group's key markets

continues to be supported by activity in construction and infrastructure, the events sector, and the growing

requirement for distributed energy and grid support solutions.

The operational scaling of the Group's UK-based manufacturing and refurbishment facility is expected to

provide meaningful benefits in the coming year, supporting further domestic market penetration and reducing

lead times to end customers. Combined with the Group's diversified sector and geographic footprint, this

positions the Group well to maintain and grow market share.

In addition to its core Stage V generator product range, the Group is actively investing in next-generation

power solutions, including hybrid generator systems, battery energy storage systems (BESS) and

hydrogen-fuelled generation options. These investments are intended to ensure that the Group is well

positioned to meet evolving customer requirements and changing regulatory and environmental expectations

within its markets.

The directors are confident that the Group's financial strength, market position and product development

pipeline provide a sound platform for continued growth and will deliver sustainable value for shareholders.

ON BEHALF OF THE BOARD:

G Paris - Director

14 April 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 supply and maintenance of electrical generating equipment.

DIVIDENDS

The total distribution of dividends for the year ended 31 December 2025 will be £370,000 (2024: £nil).

DIRECTORS

R Bruno has held office during the whole of the period from 1 January 2025 to the date of this report.

Other changes in directors holding office are as follows:

H Wagner - resigned 30 June 2025

G Paris - appointed 1 July 2025

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), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

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

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

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

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

The auditors, Watson Associates (Audit Services) Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

G Paris - Director

14 April 2026

Opinion

We have audited the financial statements of Bruno Generators UK Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2025 which comprise the Consolidated Income Statement, Consolidated Other 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 seven, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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

Auditors' responsibilities for the audit of the financial statements

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

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

The Group is subject to several laws and regulations where the consequence of non-compliance could have a direct material effect on the financial statements. The laws and regulations that we considered most likely to have such an effect include:

- FRS 102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland

- The Companies Act 2006

- UK tax legislation, including corporation tax and VAT

As a UK subsidiary of an Italian-headquartered group, the Group is also subject to cross-border compliance risks, including those arising from intercompany transactions, transfer pricing rules, and the timely settlement and disclosure of intra-group balances. Given the integrated nature of operations between the UK and the wider EU group, there is also an elevated risk around cross-jurisdictional VAT treatment and reporting obligations, particularly with post-Brexit rules still evolving.

The Group is also subject to other laws and regulations that do not have a direct impact on the financial statements but are fundamental to its ability to operate and avoid significant penalties. These include health and safety regulations, environmental laws, and data protection regulations (UK GDPR).

We assessed the susceptibility of the Group's financial statements to material misstatement, including how

fraud might occur, by making enquiries of management and those charged with governance. We used

internal and external information to corroborate these enquiries and to perform a fraud risk assessment for

the group as a whole. We considered the risk of fraud to be higher through the potential for management

override of controls and manipulation of accounting estimates.

Audit procedures performed by the engagement team to detect irregularities, including fraud from instances

of non-compliance with laws and regulations included:

- Discussions with management regarding their knowledge of actual or suspected instances of fraud or non-compliance with laws and regulations;

- Review of the Group's compliance with local tax and financial reporting obligations, particularly in relation to intra-group transactions

- Challenging assumptions and judgements made by management in it's significant accounting estimates, in

particular in relation to the valuation of investments and provisions;

- Identifying and testing journal entries, focusing on those with unusual characteristics or posted by unexpected users;

- Testing material transactions outside the normal course of business or with connected parties, especially those involving overseas group entities.

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.

Geoffrey David Slater (Senior Statutory Auditor)

for and on behalf of Watson Associates (Audit Services) Ltd

Statutory Auditor

30 - 34 North Street

Hailsham

East Sussex

BN27 1DW

23 April 2026

TURNOVER

3

30,884,304

28,087,775

Cost of sales

(26,093,493

)

(23,606,619

)

GROSS PROFIT

4,790,811

4,481,156

Administrative expenses

(2,875,434

)

(2,615,688

)

1,915,377

1,865,468

Other operating income

2,853

1,597

OPERATING PROFIT

5

1,918,230

1,867,065

Interest receivable and similar income

-

94

1,918,230

1,867,159

Interest payable and similar expenses

6

3,627

1,078

PROFIT BEFORE TAXATION

1,921,857

1,868,237

Tax on profit

7

(540,812

)

(492,577

)

PROFIT FOR THE FINANCIAL YEAR

1,381,045

1,375,660

Profit attributable to:

Owners of the parent

1,381,045

1,375,660

PROFIT FOR THE YEAR

1,381,045

1,375,660

OTHER COMPREHENSIVE INCOME

Foreign Exchange

12,804

(8,102

)

Income tax relating to other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

12,804

(8,102

)

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,393,849

1,367,558

Total comprehensive income attributable to:

Owners of the parent

1,393,849

1,367,558

FIXED ASSETS

Intangible assets

10

213,629

415,931

Tangible assets

11

250,585

306,365

Investments

12

-

-

464,214

722,296

CURRENT ASSETS

Stocks

13

11,026,912

8,995,566

Debtors

14

8,117,333

4,755,418

Cash at bank and in hand

1,844,881

1,199,208

20,989,126

14,950,192

CREDITORS

Amounts falling due within one year

15

(15,365,766

)

(8,008,763

)

NET CURRENT ASSETS

5,623,360

6,941,429

TOTAL ASSETS LESS CURRENT LIABILITIES

6,087,574

7,663,725

CREDITORS

Amounts falling due after more than one year

16

-

(2,600,000

)

PROVISIONS FOR LIABILITIES

17

(16,171

)

(16,171

)

NET ASSETS

6,071,403

5,047,554

CAPITAL AND RESERVES

Called up share capital

18

1,000

1,000

Foreign exchange reserves

19

14,060

1,256

Retained earnings

19

6,056,343

5,045,298

SHAREHOLDERS' FUNDS

6,071,403

5,047,554

The financial statements were approved by the Board of Directors and authorised for issue on 14 April 2026 and were signed on its behalf by:

G Paris - Director

FIXED ASSETS

Intangible assets

10

-

-

Tangible assets

11

-

-

Investments

12

800,800

800,800

800,800

800,800

CURRENT ASSETS

Debtors

14

1,146,700

3,516,700

Cash at bank

917

2,822

1,147,617

3,519,522

CREDITORS

Amounts falling due within one year

15

(25,360

)

(21,270

)

NET CURRENT ASSETS

1,122,257

3,498,252

TOTAL ASSETS LESS CURRENT LIABILITIES

1,923,057

4,299,052

CREDITORS

Amounts falling due after more than one year

16

-

(2,600,000

)

NET ASSETS

1,923,057

1,699,052

CAPITAL AND RESERVES

Called up share capital

18

1,000

1,000

Retained earnings

19

1,922,057

1,698,052

SHAREHOLDERS' FUNDS

1,923,057

1,699,052

Company's profit/(loss) for the financial year

594,005

(1,760

)

The financial statements were approved by the Board of Directors and authorised for issue on 14 April 2026 and were signed on its behalf by:

G Paris - Director

Called up

Foreign

share

Retained

exchange

Total

capital

earnings

reserves

equity

£

£

£

£

Balance at 1 January 2024

1,000

3,669,638

9,358

3,679,996

Changes in equity

Total comprehensive income

-

1,375,660

(8,102

)

1,367,558

Balance at 31 December 2024

1,000

5,045,298

1,256

5,047,554

Changes in equity

Dividends

-

(370,000

)

-

(370,000

)

Total comprehensive income

-

1,381,045

12,804

1,393,849

Balance at 31 December 2025

1,000

6,056,343

14,060

6,071,403

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2024

1,000

1,699,812

1,700,812

Changes in equity

Total comprehensive loss

-

(1,760

)

(1,760

)

Balance at 31 December 2024

1,000

1,698,052

1,699,052

Changes in equity

Dividends

-

(370,000

)

(370,000

)

Total comprehensive income

-

594,005

594,005

Balance at 31 December 2025

1,000

1,922,057

1,923,057

Cash flows from operating activities

Cash generated from operations

1

4,150,593

1,034,200

Interest paid

4,935

1,078

Tax paid

(538,671

)

(396,743

)

Net cash from operating activities

3,616,857

638,535

Cash flows from investing activities

Purchase of tangible fixed assets

(24,680

)

(183,667

)

Sale of tangible fixed assets

-

15,000

Interest received

-

94

Net cash from investing activities

(24,680

)

(168,573

)

Cash flows from financing activities

Loan repayments in year

(2,600,000

)

-

Equity dividends paid

(370,000

)

-

Net cash from financing activities

(2,970,000

)

-

Increase in cash and cash equivalents

622,177

469,962

Cash and cash equivalents at beginning of year

2

1,199,208

729,246

Effect of foreign exchange rate changes

23,496

-

Cash and cash equivalents at end of year

2

1,844,881

1,199,208