REGISTERED NUMBER: 01011790 (England and Wales)

VIAMASTER TRANSPORT LIMITED

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

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

Notes to the Financial Statements

12

DIRECTORS:

V Barrett

P Emery

J C Marshall

SECRETARY:

V Barrett

REGISTERED OFFICE:

Europort Distribution Centre

Altofts Lane

Castleford

West Yorkshire

WF10 5PZ

REGISTERED NUMBER:

01011790 (England and Wales)

AUDITORS:

BPR Audit Limited

Statutory Auditors

Glenewes House

Gate Way Drive

Leeds

West Yorkshire

LS19 7XY

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

PRINCIPAL ACTIVITY

Viamaster Transport Limited provides transport, warehousing and logistics services throughout the United Kingdom. The company continues to focus on delivering reliable, customer-focused logistics solutions while maintaining high standards of fleet management, operational efficiency and service quality.

BUSINESS REVIEW

The year ended 30 September 2025 was challenging for the transport and logistics sector, characterised by continued inflationary pressures, rising employment costs and increased operating expenses across the industry.

Against this backdrop, the Company remained profitable and cash generative, although performance was below the previous financial year.

Revenue decreased by 10.1% from £15.9 million to £14.3 million. Profit before taxation reduced from £555,538 to £340,976 and profit after taxation decreased from £415,408 to £252,573. Gross profit reduced to £2.9 million compared with £3.4 million in the prior year.

The decline in profitability was principally attributable to lower activity levels, increased labour costs, higher fuel and maintenance expenses, and continued pressure on customer pricing within a competitive market environment.

Despite these challenges, the Company maintained a strong balance sheet with net assets of £2.5 million and continued to reduce its hire purchase liabilities, which fell from £2.2 million to £1.46 million during the year. This reduction strengthens the Company's long-term financial position and provides greater flexibility for future investment.

During the year the Company invested in a new Management Information System across both transport and warehousing operations. This investment is expected to improve operational visibility, enhance customer service, increase efficiency and support future growth initiatives through improved reporting and traceability.

Key Performance Indicators

2025

2024

Revenue

£14.3m

£15.9m

Gross profit

£2.9m

£3.4m

Operating profit

£432,560

£646,133

Net profit before tax

£340,976

£555,538

Profit after tax

£252,573

£415,408

Gross margin

20.4%

21.6%

Net margin

1.8%

2.6%

Net assets

£2.52m

£2.61m

Financial Position

The Company's balance sheet remains robust, supported by substantial shareholder funds and a significant reduction in long-term debt obligations.

Trade debtors increased during the year, reflecting the timing of customer invoicing and growth in accrued income balances. Cash balances remained healthy at £1.37 million despite the continued repayment of finance obligations and dividend distributions.

The Board remains focused on maintaining strong working capital management, improving cash conversion and ensuring sufficient liquidity to support ongoing operations and planned investment.

PRINCIPAL RISKS AND UNCERTAINTIES

Market Competition

The logistics sector remains highly competitive with continued pressure on pricing and margins. The Company mitigates this risk through service quality, long-standing customer relationships, operational reliability and investment in technology.

Labour Availability and Cost Inflation

Driver recruitment, retention and wage inflation continue to represent significant industry challenges. The Company seeks to mitigate these risks through employee engagement, training programmes and workforce development initiatives.

Fleet Reliability and Asset Management

The Company's ability to deliver high service levels depends upon the reliability and availability of its vehicle fleet. Planned maintenance programmes and targeted capital investment remain critical to managing this risk.

Fuel and Operating Costs

Fuel prices and other operating costs remain subject to external market fluctuations. Management continually monitors costs and seeks operational efficiencies to minimise the impact on profitability.

Working Capital and Cash Flow

The increase in trade debtors and pressure on margins highlight the importance of effective cash flow management. The Board continues to monitor debtor collection performance and liquidity levels to ensure adequate financial resources are maintained.

Employees

The Board recognises that employees are fundamental to the Company's success. Continued investment in training, development and employee engagement remains a key priority. The Company seeks to maintain a positive working environment that promotes safety, professionalism and operational excellence.

FUTURE OUTLOOK

The Board remains cautiously optimistic regarding prospects for the 2026 financial year.

Management's strategic priorities include:

- Restoring turnover to historical levels through business development and improved customer

penetration.

- Improving operating margins through enhanced fleet utilisation and operational efficiency.

- Reducing reliance on subcontracted drivers through investment in recruitment, training and workforce

development.

- Maximising the benefits of the new Management Information System to improve productivity, reporting

and customer service.

- Undertaking targeted fleet investment to improve reliability, reduce maintenance costs and support future

growth.

- Strengthening working capital management and cash generation.

Trading during the first six months of the 2026 financial year has been encouraging, with revenue reported to be approximately 19.7% ahead of the comparable period in the prior year. While economic uncertainty remains, the Board believes the Company is well positioned to improve profitability and deliver sustainable long-term growth.

ON BEHALF OF THE BOARD:

V Barrett - Secretary

11 June 2026

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

DIVIDENDS

The total distribution of dividends for the year ended 30 September 2025 was £345,000.

DIRECTORS

V Barrett , P Emery and J C Marshall were appointed as directors after 30 September 2025 but prior to the date of this report.

A B Warrington and D K Warrington ceased to be directors after 30 September 2025 but prior to the date of this 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:

V Barrett - Secretary

11 June 2026

Opinion

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

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 30 September 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page 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, including fraud, are instances of non-compliance with laws and regulations. We designed procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures were capable of detecting irregularities, including fraud is detailed below:

To identify risks of material misstatement due to irregularities, including fraud (fraud risks) we assessed events or conditions that could indicate an incentive or pressure to commit fraud or provide an opportunity to commit fraud. Our risk assessment procedures involved enquiring of the directors as to the company's policies and procedures to prevent and detect fraud, as well as whether they have knowledge of any actual, suspected or alleged fraud. We communicated identified fraud risks throughout the audit team and remained alert to any indications of fraud throughout the audit.

As required by auditing standards and considering our overall knowledge of the control environment, we performed procedures to address the risk of management override of controls, in particular the risk that management may be able to make inappropriate accounting entries. We concluded that there was limited opportunity for manipulation or management override of controls. We performed procedures including a review of journal entries to supporting documentation. We did not identify any additional fraud risks.

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. The company is subject to laws and regulations that directly affect the financial statements, including financial reporting and taxation legislation, and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the directors and key management and inspection of regulatory and legal correspondence, if any. Therefore, if a breach of operational regulations is not disclosed to us or evident from relevant correspondence, an audit will not detect that breach.

It is considered that our procedures are capable of detecting irregularities, including fraud. However, because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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.

Martin Garrity FCA FCCA (Senior Statutory Auditor)

for and on behalf of BPR Audit Limited

Statutory Auditors

Glenewes House

Gate Way Drive

Leeds

West Yorkshire

LS19 7XY

12 June 2026

TURNOVER

14,284,281

15,886,164

Cost of sales

(11,370,523

)

(12,456,620

)

GROSS PROFIT

2,913,758

3,429,544

Administrative expenses

(2,538,656

)

(2,783,411

)

375,102

646,133

Other operating income

57,458

-

OPERATING PROFIT

4

432,560

646,133

Interest receivable and similar income

26,665

9,218

459,225

655,351

Interest payable and similar expenses

5

(118,249

)

(99,813

)

PROFIT BEFORE TAXATION

340,976

555,538

Tax on profit

6

(88,403

)

(140,130

)

PROFIT FOR THE FINANCIAL YEAR

252,573

415,408

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

252,573

415,408

FIXED ASSETS

Tangible assets

8

2,758,959

3,477,403

Investments

9

11

11

2,758,970

3,477,414

CURRENT ASSETS

Stocks

10

56,528

64,116

Debtors

11

3,060,672

2,153,171

Cash at bank

1,366,137

1,619,409

4,483,337

3,836,696

CREDITORS

Amounts falling due within one year

12

(3,271,603

)

(2,519,719

)

NET CURRENT ASSETS

1,211,734

1,316,977

TOTAL ASSETS LESS CURRENT LIABILITIES

3,970,704

4,794,391

CREDITORS

Amounts falling due after more than one year

13

(825,092

)

(1,420,388

)

PROVISIONS FOR LIABILITIES

16

(624,054

)

(760,018

)

NET ASSETS

2,521,558

2,613,985

CAPITAL AND RESERVES

Called up share capital

17

30,000

30,000

Retained earnings

18

2,491,558

2,583,985

SHAREHOLDERS' FUNDS

2,521,558

2,613,985

The financial statements were approved by the Board of Directors and authorised for issue on 11 June 2026 and were signed on its behalf by:

V Barrett - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 October 2023

30,000

2,515,743

2,545,743

Changes in equity

Dividends

-

(347,166

)

(347,166

)

Total comprehensive income

-

415,408

415,408

Balance at 30 September 2024

30,000

2,583,985

2,613,985

Changes in equity

Dividends

-

(345,000

)

(345,000

)

Total comprehensive income

-

252,573

252,573

Balance at 30 September 2025

30,000

2,491,558

2,521,558

1.	STATUTORY INFORMATION

Viamaster Transport 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 as modified by the revaluation of certain assets.

The financial statements are presented in sterling which is the functional currency of the company rounded to the nearest pound.

Going Concern

The financial statements have been prepared using the going concern basis.

The current economic conditions present risks for all businesses. In response to such conditions, the

directors have carefully considered these risks, including an assessment of uncertainty on future

trading projections for a period of at least 12 months from the date of signing the financial statements,

and the extent to which they might affect the preparation of the financial statements on a going

concern basis.

Based on this assessment, the directors consider that the company maintains an appropriate level of

liquidity sufficient to meet the demands of the business including any capital and servicing obligations

of external debt liabilities.

In addition, the company's assets are assessed for recoverability on a regular basis, and the directors

consider that the company is not exposed to losses on these assets which would affect their decision

to adopt the going concern basis.

The directors have a reasonable expectation that the company has adequate resources to continue in

operational existence for the foreseeable future and that there are no material uncertainties that lead

to significant doubt upon the company's ability to continue as a going concern. In addition the

company has secure sales contracts in place. Thus the directors have continued to adopt the going

concern basis of accounting in preparing these financial statements.

The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows.

The Statement of Cash Flows is included in the group accounts of Viamaster Holdings Limited.

Preparation of consolidated financial statements

The company is included in the accounts of its parent company, Viamaster Holdings Limited. These consolidated accounts are available from Companies House.

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.

Significant judgements and estimates

The preparation of financial statements in compliance with FRS 102 requires the use of certain

critical accounting estimates. It also requires management to exercise judgement in applying the

company's accounting policies.

Estimates and judgements are continually evaluated and are based on historical experience and other

factors, including expectations of future events.

In preparing these financial statements, the directors have had to make the following judgement:

Tangible fixed assets

Tangible fixed assets are depreciated over their useful lives which are assessed annually by the directors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account

During the year depreciation of £827,875 (2024: £931,094) has been provided.

The net carrying amount of assets is £2,758,959 (2024: £3,477,403).

Turnover

Turnover is recognised in the accounts when the company obtains the right to consideration in exchange for performance and is stated at the net invoice value, excluding value added tax. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided to that date based on the stage of completion of the contract activity at the balance sheet date.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

10% and 25% on reducing balance

Motor vehicles

-

25% on reducing balance

Tangible fixed assets are capitalised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are initially measured at transaction price, except for those financial assets classified as at fair value through profit or loss.

Basic financial instruments

Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors, trade creditors and uncomplicated bank loans.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e. cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

Other financial instruments

The company does not have any financial instruments that would not be classed as 'basic'.

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 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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments

Investments where shares are publicly traded, or their fair value is reliably measurable, are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the assets cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

4,188,351

4,579,229

Social security costs

522,022

492,827

Other pension costs

128,105

142,030

4,838,478

5,214,086

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

2025

2024

Drivers and support staff

98

113

Directors

2

2

100

115

2025

2024

£

£

Directors' remuneration

44,258

189,402

Directors' pension contributions to money purchase schemes

30,854

33,620

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

Money purchase schemes

2

2

4.	OPERATING PROFIT

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

2025

2024

£

£

Hire of plant and equipment

65,202

82,669

Other operating leases

842,721

796,323

Depreciation - owned assets

239,667

271,064

Depreciation - assets on hire purchase contracts

588,208

660,030

(Profit)/loss on disposal of fixed assets

(11,500

)

53,432

Auditors' remuneration

17,875

16,250

Compensation recovered

(57,458

)

-

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Bank interest

67

453

Other interest

12,856

115

Hire purchase interest

105,326

99,245

118,249

99,813

6.

TAXATION

Analysis of the tax charge

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

2025

2024

£

£

Current tax:

UK corporation tax

241,998

65,193

Overprovision in previous year

(17,631

)

(3,871

)

Total current tax

224,367

61,322

Deferred tax movement

(135,964

)

78,808

Tax on profit

88,403

140,130

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:

2025

2024

£

£

Profit before tax

340,976

555,538

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

85,244

138,885

Effects of:

Expenses not deductible for tax purposes

3,157

5,115

Depreciation in excess of capital allowances

17,633

-

Adjustments to tax charge in respect of previous periods

(17,631

)

(3,870

)

Total tax charge

88,403

140,130

7.

DIVIDENDS

2025

2024

£

£

Ordinary shares of £1 each

Interim

345,000

347,166

8.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 October 2024

1,555,520

498,271

6,082,509

8,136,300

Additions

6,000

7,649

152,865

166,514

Disposals

-

-

(203,521

)

(203,521

)

At 30 September 2025

1,561,520

505,920

6,031,853

8,099,293

DEPRECIATION

At 1 October 2024

1,134,227

268,406

3,256,264

4,658,897

Charge for year

84,459

32,276

711,140

827,875

Eliminated on disposal

-

-

(146,438

)

(146,438

)

At 30 September 2025

1,218,686

300,682

3,820,966

5,340,334

NET BOOK VALUE

At 30 September 2025

342,834

205,238

2,210,887

2,758,959

At 30 September 2024

421,293

229,865

2,826,245

3,477,403

As at 30 September 2025 the net book value of motor vehicles held under hire purchase agreements totalled £2,155,502 (2024: £2,384,146) and the net book value of plant and machinery held under hire purchase agreements totalled £144,906 (2024: £181,145).

9.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 October 2024

and 30 September 2025

11

NET BOOK VALUE

At 30 September 2025

11

At 30 September 2024

11

10.

STOCKS

2025

2024

£

£

Raw materials and consumables

56,528

64,116

11.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,204,694

1,875,793

Other debtors

4,548

-

Prepayments and accrued income

851,430

277,378

3,060,672

2,153,171