REGISTERED NUMBER: 05649769 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 March 2026

for

Walkerpack Limited

Page

Company Information

1

Strategic Report

2

to

3

Report of the Directors

4

to

5

Report of the Independent Auditors

6

to

9

Statement of Income and Retained Earnings

10

Balance Sheet

11

Notes to the Financial Statements

12

to

20

DIRECTORS:

Mr R P Farey

Mr S C Tiley

Mrs C L Tiley

Mrs M J Farey

REGISTERED OFFICE:

Pacioli House

9 Brookfield

Duncan Close

Northampton

Northamptonshire

NN3 6WL

REGISTERED NUMBER:

05649769 (England and Wales)

AUDITORS:

Clifford Roberts

Chartered Accountants &

Statutory Auditors

Pacioli House

9 Brookfield

Duncan Close

Northampton

Northamptonshire

NN3 6WL

The directors present their strategic report for the year ended 31 March 2026.

REVIEW OF BUSINESS

The Company's principal activity continues to be that of packaging, warehousing, fulfilment and logistics throughout the UK for a variety of well known and respected customers. Turnover for the year under review was £16,413,511 compared to £15,893,933 for the previous year ended.

Operating profit for the year was £833,858 which the directors are pleased with. At the year end the company had shareholders funds of £713,574 including distributable reserves of £713,374. The directors therefore believe the company's position to be satisfactory and are optimistic for the future, especially given the post year end trading performance.

PRINCIPAL RISKS AND UNCERTAINTIES

The process of risk acceptance and risk management is addressed through a framework of policies, procedures, and internal controls. All policies are subject to Board approval and ongoing review by the directors and management. Compliance with regulation, legal and ethical standards is a high priority for the group.

The company has developed a framework for identifying the risks it faces, and the directors have assessed the main risks to the business as being its dependency on the performance of the UK economy. The company provides services to businesses primarily in based in the UK and is therefore dependent on the performance of the UK economy. The directors are confident of the continued growth and long-term stability of the business, particularly with the current service levels, strong customer relationships and highly specialised services.

FUTURE DEVELOPMENTS

Walkerpack are developing our existing customer base and have seen opportunities for growth and expansion. We are continuously looking at new opportunities for buildings and space as we continue to grow. A new Website and Sales Manager have very recently been implemented to support business development and opportunities.

RESEARCH AND DEVELOPMENT

Within our manufacturing department we are keen to develop the ways of working and with the best materials. We are looking at opportunities for innovative technology and developing material opportunities to ensure we remain competitive and remain as sustainable as possible in what we produce. IT and systems remain an important part of our business and we invested in a new server in February 2026, and we are evolving our systems and support devices to ensure we are as efficient as possible as we give full support to our customers' needs.

ENERGY CONSERVATION

We have a strong environmental attitude that is endorsed by our BSI accreditation, we always look to achieve the highest level of reusing and recycling before waste. Investment into LED lighting throughout our buildings and we are having a new waste contractor starting in August 2026 to help control and demonstrate our commitment to the environment.

KEY PERFORMANCE INDICATORS

We have made significant progress throughout the year in relation to the key elements of our strategy, the board monitors the progress by reference to the following KPI's:

2026

2025

Increase/(decrease) in turnover

3.7%

38.3%

Gross profit percentage

33.6%

34.6%

Operating profit percentage

5.1%

5.2%

Liquidity ratio

1.13

1.13

All of the above ratios are defined in UK Generally Accepted Accounting Practice.

ON BEHALF OF THE BOARD:

Mr R P Farey - Director

17 June 2026

The directors present their report with the financial statements of the company for the year ended 31 March 2026.

DIVIDENDS

The total distribution of dividends for the year ended 31 March 2026 will be £ 605,000 .

DIRECTORS

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

Mr R P Farey

Mr S C Tiley

Other changes in directors holding office are as follows:

Mrs C L Tiley - appointed 1 April 2025

Mrs M J Farey - appointed 1 April 2025

DISCLOSURE IN THE STRATEGIC REPORT

The disclosures relating to events occurring after the year end, likely future developments and research and development activities are disclosed within the strategic report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

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

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

-	select suitable accounting policies and then apply them consistently;

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

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

AUDITORS

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

ON BEHALF OF THE BOARD:

Mr R P Farey - Director

17 June 2026

Opinion

We have audited the financial statements of Walkerpack Limited (the 'company') for the year ended 31 March 2026 which comprise the Statement of Income and Retained Earnings, Balance Sheet and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 March 2026 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 design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

-

We obtained an understanding of the legal and regulatory framework applicable to the company and the sector in which they operate. We determined that the following laws and regulations were most significant: the Companies Act 2006, UK Generally Accepted Accounting Practice and UK corporate taxation laws.

-

We obtained an understanding of how the company is complying with those legal and regulatory frameworks by making inquiries to the management and by observing the oversight of management, the culture of honesty and ethical behaviour and whether strong emphasis is placed on fraud prevention, which may reduce the opportunities for fraud to take place, and fraud deterrence, which could persuade individuals not to commit fraud in the first instance . We corroborated our inquiries through our review of all relevant available audit information.

-

We assessed and understood the susceptibility of the company's financial statements to material misstatement, including how fraud might occur. Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. The audit procedures performed by the engagement team included:

>

Identifying and assessing the design and effectiveness of controls management has in place to prevent and detect fraud;

>

Understanding of how senior management considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process;

>

Challenging assumptions and judgements made by management in its significant accounting estimates;

>

Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias; and,

>

Assessing the extent of compliance with relevant laws and regulations.

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.

Adam Billingham BA (Hons) BFP FCA (Senior Statutory Auditor)

for and on behalf of Clifford Roberts

Chartered Accountants &

Statutory Auditors

Pacioli House

9 Brookfield

Duncan Close

Northampton

Northamptonshire

NN3 6WL

17 June 2026

TURNOVER

3

16,413,511

15,893,833

Cost of sales

10,896,801

10,387,058

GROSS PROFIT

5,516,710

5,506,775

Administrative expenses

4,912,789

4,910,614

603,921

596,161

Other operating income

229,937

229,937

OPERATING PROFIT

5

833,858

826,098

Interest receivable and similar income

15

-

833,873

826,098

Interest payable and similar expenses

6

157,511

180,273

PROFIT BEFORE TAXATION

676,362

645,825

Tax on profit

7

184,221

154,574

PROFIT FOR THE FINANCIAL YEAR

492,141

491,251

Retained earnings at beginning of year

826,233

934,982

Dividends

8

(605,000

)

(600,000

)

RETAINED EARNINGS AT END OF YEAR

713,374

826,233

FIXED ASSETS

Intangible assets

9

74,923

120,000

Tangible assets

10

267,975

260,038

Investments

11

320

320

343,218

380,358

CURRENT ASSETS

Stocks

12

577,672

443,679

Debtors

13

4,654,186

5,710,685

Cash at bank and in hand

6,632

8,790

5,238,490

6,163,154

CREDITORS

Amounts falling due within one year

14

4,629,114

5,453,776

NET CURRENT ASSETS

609,376

709,378

TOTAL ASSETS LESS CURRENT LIABILITIES

952,594

1,089,736

CREDITORS

Amounts falling due after more than one year

15

(172,026

)

(198,294

)

PROVISIONS FOR LIABILITIES

20

(66,994

)

(65,009

)

NET ASSETS

713,574

826,433

CAPITAL AND RESERVES

Called up share capital

21

200

200

Retained earnings

22

713,374

826,233

SHAREHOLDERS' FUNDS

713,574

826,433

The financial statements were approved by the Board of Directors and authorised for issue on 17 June 2026 and were signed on its behalf by:

Mr R P Farey - Director

Mr S C Tiley - Director

1.	STATUTORY INFORMATION

Walkerpack Limited is a private company, limited by shares, incorporated and domiciled in England. The company's registered number and registered office address can be found on the Company Information Page.

The principal place of business is 34 Liliput Road, Brackmills Industrial Estate, Northampton, Northamptonshire, NN4 7DT. The company does operate from a number of different sites but this is deemed to be the principal place of business.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 - "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and with the Companies Act 2006. The financial statements have been prepared on the historical cost basis.

The financial statements are presented in Sterling (£) and cover the year to the 31st March each year.

Going Concern

At the time of approving the financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Financial Reporting Standard 102 - reduced disclosure exemptions

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

•

the requirements of Section 7 Statement of Cash Flows.

Preparation of consolidated financial statements

The financial statements contain information about Walkerpack Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Walkerpack Group Limited, Pacioli House, 9 Brookfield, Duncan Close, Moulton Park, Northampton, NN3 6WL.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax. Revenue is recognised on completion of the service or sale of the product in question irrespective of whether a physical invoice has been raised to ensure the sale is matched against the cost incurred and included in the correct period.

Rents receivable

Rents receivable is measured at the fair value of consideration received or receivable, excluding discounts, rebates and value added tax. Rental income from property leased out under operating leases is recognised in the statement of comprehensive income on a straight-line basis over the term of the lease.

Goodwill

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

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.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Motor vehicles

-

20% on cost and 10% on cost

Computer equipment

-

20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised 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.

Taxation

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

Current or deferred taxation assets and liabilities are not discounted.

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

Deferred tax

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

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

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

Foreign currencies

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

Hire purchase and leasing commitments

Rentals under operating leases are charged on a straight line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight line basis over the lease term.

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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Interest bearing borrowings

Interest bearing borrowings are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, interest bearing borrowings are stated at amortised cost with any difference between the amount initially recognised and redemption value being recognised in the statement of comprehensive income over the period of the borrowings, together with any interest and fees payable, using the effective interest method.

3.

TURNOVER

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

An analysis of turnover by geographical market is given below:

2026

2025

£

£

United Kingdom

15,049,003

14,865,509

Rest of World

1,364,508

1,028,324

16,413,511

15,893,833

4.	EMPLOYEES AND DIRECTORS

2026

2025

£

£

Wages and salaries

8,255,163

8,025,706

Social security costs

766,998

575,817

Other pension costs

191,344

146,833

9,213,505

8,748,356

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

2026

2025

Directors

4

4

Administration and supervision

25

29

Warehouse

150

149

179

182

2026

2025

£

£

Directors' remuneration

682,351

617,746

Directors' pension contributions to money purchase schemes

94,627

20,617

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

Money purchase schemes

4

7

Information regarding the highest paid director is as follows:

2026

2025

£

£

Emoluments etc

383,102

291,035

Pension contributions to money purchase schemes

54,395

4,406

5.	OPERATING PROFIT

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

2026

2025

£

£

Other operating leases

1,763,388

1,760,097

Depreciation - owned assets

107,044

86,680

Profit on disposal of fixed assets

(3,000

)

-

Goodwill amortisation

19,949

30,000

Auditors' remuneration

27,500

27,000

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2026

2025

£

£

Bank interest & charges

157,511

180,273

7.

TAXATION

Analysis of the tax charge

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

2026

2025

£

£

Current tax:

UK corporation tax

182,236

154,265

Deferred tax

1,985

309

Tax on profit

184,221

154,574

UK corporation tax was charged at 25%) in 2025.

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:

2026

2025

£

£

Profit before tax

676,362

645,825

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2025 - 25%)

169,091

161,456

Effects of:

Expenses not deductible for tax purposes

14,626

9,437

Depreciation in excess of capital allowances

2,089

13,089

Group Relief

(3,570

)

(29,717

)

Deferred Tax Movement

1,985

309

Total tax charge

184,221

154,574

8.

DIVIDENDS

2026

2025

£

£

Interim

605,000

600,000

9.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

150,000

Disposals

(25,128

)

At 31 March 2026

124,872

AMORTISATION

At 1 April 2025

30,000

Amortisation for year

19,949

At 31 March 2026

49,949

NET BOOK VALUE

At 31 March 2026

74,923

At 31 March 2025

120,000

The goodwill arose on the purchase of the trade and assets of another entity in April 2024 and is being amortised evenly over its estimated useful life of five years.

10.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2025

792,932

34,750

317,317

1,144,999

Additions

103,706

-

11,275

114,981

Disposals

(5,500

)

(6,250

)

-

(11,750

)

At 31 March 2026

891,138

28,500

328,592

1,248,230

DEPRECIATION

At 1 April 2025

637,395

14,562

233,004

884,961

Charge for year

56,433

8,938

41,673

107,044

Eliminated on disposal

(5,500

)

(6,250

)

-

(11,750

)

At 31 March 2026

688,328

17,250

274,677

980,255

NET BOOK VALUE

At 31 March 2026

202,810

11,250

53,915

267,975

At 31 March 2025

155,537

20,188

84,313

260,038

11.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2025

and 31 March 2026

320

NET BOOK VALUE

At 31 March 2026

320

At 31 March 2025

320

All subsidiary entities are dormant and have never traded.

12.

STOCKS

2026

2025

£

£

Stocks

577,672

443,679

13.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

3,064,346

3,505,075

Amounts owed by group undertakings

460,660

964,926

Other debtors

133,864

102,218

Prepayments and accrued income

995,316

1,138,466

4,654,186

5,710,685