REGISTERED NUMBER: 08711244 (England and Wales)

Strategic Report, Directors' Report and

Financial Statements for the Year Ended 30 September 2025

for

Coastal Red Limited

Page

Company Information

1

Strategic Report

2

Directors' Report

3

Report of the Independent Auditors

5

Statement of Income and Retained Earnings

9

Balance Sheet

10

Cash Flow Statement

11

Notes to the Cash Flow Statement

12

Notes to the Financial Statements

13

Directors:

Mr S L Challis

Mr J M Patterson

Mr A C Warnes

Registered office:

Acer Road

Saddlebow Ind Estate

King's Lynn

Norfolk

PE34 3HN

Registered number:

08711244 (England and Wales)

Auditors:

Stephenson Smart (East Anglia) Limited

Chartered Accountants & Statutory Auditors

22-26 King Street

King's Lynn

Norfolk

PE30 1HJ

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

Review of business

The results of the company for the year are set out in the statement of income and retained earnings on page 9 of these financial statements, and show a profit of £1,235,731 (2024 - £1,032,948).

The company has had another successful year, as indicated by the growth in key performance indicators relating to the profitability of the company, as well as the improvement in the balance sheet ratios. The company has focused on growing turnover whilst controlling costs during the year, and has performed particularly well considering the average number of employees has also increased from 72 to 78 during the year.

The directors consider the company to be in a strong position at the year end. The company has no external third-party debt and has continued to invest in new vehicles for its fleet during the year.

Key performance indicators

The Company uses a range of performance measures to monitor and manage the business effectively, both financial and non-financial. The key performance indicators and their comparatives are as follows:

2025

2024

Turnover (£'000s)

5,919

5,479

Gross profit margin (%)

30.60

29.19

Net profit margin (%)

27.93

25.15

Current ratio

5.41

4.23

Total liabilities/shareholder's funds

0.23

0.27

Principal risks and uncertainties

In common with other businesses in their sector, the most significant risks and uncertainties faced by the company include customer retention and the maintenance of margins and overall profitability. The company's financial risk management objectives and policies are detailed in the Directors' Report.

On behalf of the board:

Mr J M Patterson - Director

27 May 2026

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

Principal activity

The principal activity of the company in the year under review was that of the provision of bus services.

Dividends

The total distribution of dividends for the year ended 30 September 2025 will be £336,360.

Future developments

The Company continues to invest in their fleet and take advantage of growth opportunities where the market conditions are favourable.

Directors

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

Mr S L Challis

Mr J M Patterson

Mr A C Warnes

Financial instruments

The company uses various financial instruments including overdrafts and cash, and items such as trade debtors and trade creditors that arise directly from its operations. The main purpose of these financial instruments is to raise finance for the company's operations. The company does not usually use derivative financial instruments to hedge risk as they are not deemed to be significant.

The existence of these financial instruments exposes the company to a number of financial risks, which are described in more detail below. The main risk arising from the company's financial instruments is credit risk. The directors review and agree policies for managing each of these risks and they are summarised below. These policies have remained unchanged from previous years.

Credit risk

The company is exposed to credit risk on its' debtors. All customers who wish to trade on credit terms are subject to credit verification procedures. Trade debtors are reviewed on a regular basis and provision is made for doubtful debts when necessary.

Liquidity risk

The company manages its cash and borrowing requirements in order to minimise interest expense, whilst ensuring the company has sufficient liquid resources to meet the operating needs of the business.

Interest rate risk

The company is exposed to cash flow interest rate risk on its cash at bank.

Statement of directors' responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' Report 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 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 ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Auditors

The auditors, Stephenson Smart (East Anglia) Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

On behalf of the board:

Mr J M Patterson - Director

27 May 2026

Opinion

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

In our opinion 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 Directors' Report, 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 Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Directors' Report 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 Directors' Report.

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:

Discussions with and enquiries of management and those charged with governance were held with a view to identify those laws and regulations that could be expected to have a material impact on the financial statements. During the engagement team briefing the outcomes of these discussions and enquiries were shared with the team, as well as consideration as to where and how fraud may occur in the group and parent company.

The following laws and regulations were identified as being of significance to the entity:

- Those laws and regulations considered to have a direct effect on the financial statements include the UK financial reporting standards, Company Law, Taxation and Pension legislation and distributable profits legislation.

- Those laws and regulations for which non-compliance may be fundamental to the operating aspects of the

business and therefore may have a material effect on the financial statements include but are not limited to; health and safety legislation; trade descriptions act and employment regulation.

Audit procedures undertaken in response to the potential risks relating to irregularities (which includes fraud and non-compliance with laws and regulations) comprised of: Inquiries of management and those charged with governance as to whether the group and parent company complies with such laws and regulations; enquiries with the same concerning any actual or potential litigation or claims; inspection of relevant legal correspondence; testing the appropriate of journal entries; and the performance of of analytical review to identify unexpected movement in account balances which may be indicative of fraud.

No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the group and parent company's control and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than those irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements might not be detected, even though the audit has been planned and performed in accordance with the ISAs (UK).

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control.

- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

- Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the company to cease to continue as a going concern.

- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

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.

Other matters

The comparative figures for the year ended 30 September 2024 are unaudited.

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.

Michael Andrews FCA (Senior Statutory Auditor)

for and on behalf of Stephenson Smart (East Anglia) Limited

Chartered Accountants & Statutory Auditors

22-26 King Street

King's Lynn

Norfolk

PE30 1HJ

27 May 2026

Turnover

4

5,918,859

5,478,888

Cost of sales

(4,107,609

)

(3,879,493

)

Gross profit

1,811,250

1,599,395

Administrative expenses

(616,827

)

(567,923

)

1,194,423

1,031,472

Other operating income

5

399,925

283,996

Operating profit

7

1,594,348

1,315,468

Interest receivable and similar income

9

58,656

62,515

Profit before taxation

1,653,004

1,377,983

Tax on profit

10

(417,273

)

(345,035

)

Profit for the financial year

1,235,731

1,032,948

Retained earnings at beginning of year

5,580,952

4,862,947

Dividends

11

(336,360

)

(314,943

)

Retained earnings at end of year

6,480,323

5,580,952

Fixed assets

Tangible assets

12

3,292,035

2,985,432

Current assets

Debtors

13

1,120,913

818,625

Cash at bank and in hand

3,558,636

3,304,013

4,679,549

4,122,638

Creditors

Amounts falling due within one year

14

(863,160

)

(975,667

)

Net current assets

3,816,389

3,146,971

Total assets less current liabilities

7,108,424

6,132,403

Provisions for liabilities

16

(628,001

)

(551,351

)

Net assets

6,480,423

5,581,052

Capital and reserves

Called up share capital

17

100

100

Retained earnings

18

6,480,323

5,580,952

6,480,423

5,581,052

The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2026 and were signed on its behalf by:

Mr J M Patterson - Director

Cash flows from operating activities

Cash generated from operations

1

1,483,281

561,103

Tax paid

(435,984

)

(220,323

)

Net cash from operating activities

1,047,297

340,780

Cash flows from investing activities

Purchase of tangible fixed assets

(702,799

)

(785,925

)

Sale of tangible fixed assets

-

11,501

Interest received

58,656

62,515

Net cash from investing activities

(644,143

)

(711,909

)

Cash flows from financing activities

Amount withdrawn by directors

(6,000

)

(4,800

)

Government grant income

193,829

283,246

Equity dividends paid

(336,360

)

(314,943

)

Net cash from financing activities

(148,531

)

(36,497

)

Increase/(decrease) in cash and cash equivalents

254,623

(407,626

)

Cash and cash equivalents at beginning of year

2

3,304,013

3,711,639

Cash and cash equivalents at end of year

2

3,558,636

3,304,013

1.	Reconciliation of profit before taxation to cash generated from operations

30.9.25

30.9.24

Unaudited

£

£

Profit before taxation

1,653,004

1,377,983

Depreciation charges

313,631

340,826

Loss on disposal of fixed assets

22,151

9,674

Impairment loss on FA

60,414

-

Government grants

(193,829

)

(283,246

)

Finance income

(58,656

)

(62,515

)

1,796,715

1,382,722

Increase in trade and other debtors

(294,263

)

(12,142

)

Decrease in trade and other creditors

(19,171

)

(809,477

)

Cash generated from operations

1,483,281

561,103

2.	Cash and cash equivalents

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

Year ended 30 September 2025

30.9.25

1.10.24

£

£

Cash and cash equivalents

3,558,636

3,304,013

Year ended 30 September 2024

30.9.24

1.10.23

Unaudited

£

£

Cash and cash equivalents

3,304,013

3,711,639

3.	Analysis of changes in net funds

At 1.10.24

Cash flow

At 30.9.25

£

£

£

Net cash

Cash at bank and in hand

3,304,013

254,623

3,558,636

3,304,013

254,623

3,558,636

Total

3,304,013

254,623

3,558,636

1.	Statutory information

Coastal Red 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements in conformity with IFRS requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Given the straightforward operations and financial position of the company, there are not considered to be any key sources of judgement or estimation uncertainty within these financial statements.

(i) Useful economic lives of tangible assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic loves and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancements, future investments, economic utilisation and the physical condition of the assets. See note 12 for the carrying amount of tangible assets and note 3 for the useful economic lives for each class of assets.

(ii) Taxation

The company establishes provisions based on reasonable estimates, for possible consequences of audits by the tax authorities. The amount of such provisions is based on various factors, such as experience with previous tax audits and differing interpretations of tax regulations by the taxable entity and the responsible tax authority. See note 16 for the disclosures relating to the deferred tax provision.

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 from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Turnover from on-bus commercial fares and rail replacement services are recognised as at that date whereby the service is provided. Contracts, concessions and passes are recognised on a straight-line basis over the period for which the service is provided.

Tangible fixed assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

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:

Freehold property

-

15% p.a. reducing balance

Plant and machinery

-

15% p.a. reducing balance

Fixtures and fittings

-

15% p.a. reducing balance

Motor vehicles

-

15% p.a. reducing balance

Computer equipment

-

15% p.a. reducing balance

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.

Government grants are recognised using the accrual model.

Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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.

Hire purchase and leasing commitments

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

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

4.

Turnover

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

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

30.9.25

30.9.24

Unaudited

£

£

Bus services

5,918,859

5,478,888

5,918,859

5,478,888

An analysis of turnover by geographical market is given below:

30.9.25

30.9.24

Unaudited

£

£

United Kingdom

5,918,859

5,478,888

5,918,859

5,478,888

5.	Other operating income

30.9.25

30.9.24

Unaudited

£

£

Sundry receipts

-

750

BSIP funding

399,925

247,694

Government grants

-

35,552

399,925

283,996

6.	Employees and directors

30.9.25

30.9.24

Unaudited

£

£

Wages and salaries

2,450,905

2,277,007

Social security costs

266,198

221,671

Other pension costs

49,233

47,085

2,766,336

2,545,763

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

30.9.25

30.9.24

Unaudited

Management

5

5

Support staff

9

8

Drivers

64

59

78

72

30.9.25

30.9.24

Unaudited

£

£

Directors' remuneration

146,000

146,000

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

Defined benefit schemes

2

2

7.	Operating profit

The operating profit is stated after charging:

30.9.25

30.9.24

Unaudited

£

£

Other operating leases

57,653

80,935

Depreciation - owned assets

313,630

340,828

Loss on disposal of fixed assets

22,151

9,674

Impairment loss on fixed assets

60,414

-

Depreciation on tangible fixed assets has been included within both cost of sales and administrative expenses.

8.	Auditors' remuneration

30.9.25

30.9.24

Unaudited

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

8,000

-

9.

Interest receivable and similar income

30.9.25

30.9.24

Unaudited

£

£

Deposit account interest

52,417

57,715

Other interest

6,000

4,800

Corporation tax interest

239

-

58,656

62,515

Interest receivable is derived from financial assets measured at amortised cost.