REGISTERED NUMBER: 00910291 (England and Wales)

GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

H S JACKSON & SON (FENCING) LIMITED

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

6

Report of the Independent Auditors

8

Consolidated Statement of Comprehensive Income

11

Consolidated Balance Sheet

12

Company Balance Sheet

13

Consolidated Statement of Changes in Equity

14

Company Statement of Changes in Equity

15

Consolidated Cash Flow Statement

16

Notes to the Consolidated Cash Flow Statement

17

Notes to the Consolidated Financial Statements

18

DIRECTORS:

N Jordan

P A I Jackson

A C Tune

C J Francis

SECRETARY:

N Jordan

REGISTERED OFFICE:

Stowting Common

ASHFORD

Kent

TN25 6BN

REGISTERED NUMBER:

00910291 (England and Wales)

SENIOR STATUTORY AUDITOR:

John Sheather BSc FCA

AUDITORS:

McCabe Ford Williams

Chartered Accountants and Statutory Auditors

Charlton House

Dour Street

DOVER

Kent

CT16 1BL

The directors present their strategic report of the company and the group for the year ended 30 September 2025.

REVIEW OF BUSINESS

The group consists of the parent company H S Jackson & Son (Fencing) Limited, a trading subsidiary, Autogate Systems Limited that designs and installs automated gate systems and two non-trading subsidiaries.

Turnover was 11% higher during the year and gross profit was 13.0% higher.

At the end of the year the group had a strong balance sheet with net current assets of £17.0 million and total net assets of £25.5 million, an increase in the year of £2.7 million.

The key financial performance indicators of the business are turnover, gross profit and profit before tax. As stated above, turnover increased by 11%, with gross profit 13.0% higher.

Gross profit, expressed as a percentage of turnover increased from 35.4% in 2024 to 36.1% last year.

Despite continuing cost pressures, overhead costs were contained at 4.9% higher than the previous year.

Profit before tax increased from £2.38 million in 2024 to £3.60 million in 2025, a 51% increase.

PRINCIPAL RISKS AND UNCERTAINTIES

At the time of writing the lack of growth in the economy is still evident in some sales channels, while others have recently seen a return to high levels of activity.

We continue to monitor sales activity across all sales channels very carefully and are flexible in our planning.

We are managing inventory levels to ensure efficient use of these assets and have a robust supply chain in place allowing us to respond to demand in a timely manner.

With the current uncertainty facing the wider economy we anticipate that there may be an increased risk of business failures in some sectors. We have trade credit insurance in place, and are applying underwriter's limits, with very limited discretion, and that will continue to be our policy, along with effective credit control procedures.

The group continues to maintain a high level of cash funds.

Our strategy over many years has been to develop and maintain a diverse customer base with multiple sales channels, both in the UK and in export markets.

We continue to actively pursue new sales and marketing initiatives and opportunities and are introducing new products that will enable us to grow the business profitably.

SECTION 172(1) STATEMENT

This section describes how the directors have had regard to the matters set out in section 172(1)(a) to (f) Companies Act 2006 in exercising their duty to promote the success of the group for the benefit of its stakeholders.

Our stakeholders

The directors consider that following groups are the group's stakeholders. The Board seeks to understand the respective interests of these stakeholder groups so that these may be properly considered in the Board's decisions. We do this by various methods, including direct engagement by Board members and receiving reports and updates from members of management who engage with these groups as part of their daily activities.

Workforce

The strength of our business is built on the hard work and dedication of our colleagues, who rely on us to provide stable employment and opportunities to realise their potential in a safe and satisfying working environment.

Customers

Our customers are the reason we exist. We do not forget that they have a choice of suppliers and products, so it is essential to our future that we can consistently and continuously supply products of the highest possible quality, offering good value for money and high levels of service to both new and existing customers. We strongly believe that in doing so, we will continue to build our brand value and customer loyalty.

Suppliers

The group relies on our suppliers to provide the materials to make our products and to provide essential services that we need to operate our business.

Our suppliers rely on us to generate revenue and employment for them.

We have a policy of supporting small businesses and engage with many throughout our supply chain.

Our local communities and the environment

Our local communities and the wider public expect us to act as a responsible group and a good neighbour, and to minimise the impact we might have on our local communities and the environment.

Regulators

The group is mindful of its responsibilities with regard to all applicable laws and regulations.

Shareholders

The group is owned by Peter Jackson, the Chief Executive, who is the grandson of the founder of the parent company.

This form of ownership allows the Board to prioritise the interests of the business in the long term rather than seeking short term levels of return to investors.

In the management of the group the Board are conscious of the following obligations

To have regard to the consequences of any decision in the long term

The Board is aware that its strategic decisions can have long term implications for the business and its stakeholders, and these implications are carefully assessed.

To have regard to the interests of our group's employees

Through engagement, the Board takes active steps to ensure the views and interests of the workforce are included in our decision making.

The group benefits from having an owner and Chief Executive who is a member of the family that founded the parent company over 75 years ago and has worked in many areas of the business until becoming Chief Executive on the retirement of his brother in 2014.

The four members of the Board between them have over 90 years of experience within the group as employees, and latterly as executive directors.

They all maintain a high level of personal oversight and engagement in the group's affairs. This depth of knowledge of the business and an active style of engagement means that our executive directors maintain an insight into the culture and views of the workforce.

The group invests in the wellbeing of their employees; examples of which include the provision of health care schemes for all employees with more than 12 months service and one to one advice on pensions which is available to the whole workforce.

The group, through its HR department, maintain and monitor a wide range of policies covering all aspects of employment, including diversity, staff retention, learning and development activities, pay and reward including gender pay gap and other HR initiatives.

The health and safety of our workforce is of paramount importance to the group, and the Board receive regular reports from the group Health and Safety Manager on safety performance and safety risk management.

To have regard to the need to foster the group's business relationships with customers, suppliers and service providers.

Customers

The performance of the group is measured constantly in terms of not only revenue but also levels of customer service; lead times between order and delivery, customer return rates, product quality and customer feedback are among the metrics monitored regularly.

The group supports a growing number of small businesses through its Approved Installer network. This is a rapidly expanding area of the business. Interface between our customers, the installer network and the group is provided by a dedicated team tasked with maintaining the highest possible standards of service to our customers while providing assistance and mentoring to the network in helping their businesses grow and be successful.

Suppliers and service providers

The Board seeks to balance the benefits of maintaining strong and long lasting relationships with key suppliers alongside the need to obtain value for money and the desired quality and service levels for our customers.

We have a strong ethical policy with our suppliers. We expect a high standard of product and service from them and in return offer a long term relationship, payments made strictly to agreed terms and an ongoing dialogue so that any difficulties that they face in providing product and timely supply can be met together.

To have regard to the impact of the group's operations on the community and the environment

Our local communities

The Board appreciates the need to balance the requirements of the business with the impact of our operations on our local communities. Proper regard is paid to mitigating the environmental impact of our operations, most especially noise and light pollution.

The environment - Responsible sourcing

The Board supports initiatives with regard to reducing adverse impacts on the environment. The group is accredited by both the Forestry Stewardship Council and the Programme for the Endorsement of Forest Certification, organisations dedicated to promoting sustainable forest management through independent third-party certification.

As part of its programme of continuous improvement the group seek to engineer its products in a way that reduces waste. The group offer a 25-year guarantee on all manufactured products, believing that the greatest positive impact on the environment can best be obtained by reducing the number of times that a product has to be replaced.

Regulators

The group meets its obligations to HMRC in a timely manner and has high standards of ethical behaviour with regard to its tax affairs. The Board is advised by our accountants and auditors to ensure that all tax matters are dealt with appropriately.

Shareholders

As a private, family owned group, the Board are aware of their responsibility to maintain the high standards set by past generations of owners in providing high quality jobs to a largely local workforce, trading honestly and ethically and providing the highest possible standards of product and service.

POST BALANCE SHEET REPORT

The first half of the current year saw sales 10% higher than the previous year, with the confirmed order book at a high level and we expect to meet our sales and profit expectations for the year.

On 7th June 2026 Peter Jackson agreed to sell his shareholding in the company to BRCK plc, the sale is scheduled to complete on 30th June 2026.

ON BEHALF OF THE BOARD:

P A I Jackson - Director

23 June 2026

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

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of the manufacture of timber and metal fencing, timber preservation and supply and installation of gate automation equipment.

DIVIDENDS

No dividends will be distributed for the year ended 30 September 2025.

The profit for the year, after taxation, is £2,667,074 (2024-£1,734,943).

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS

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

N Jordan

P A I Jackson

A C Tune

Other changes in directors holding office are as follows:

C J Francis - appointed 3 March 2025

DISABLED EMPLOYEES

Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment with the group continues and that appropriate training is arranged. It is the policy of the group that the training, career development and promotion of disabled persons should, as far as possible, be identical with that of other employees.

EMPLOYEE CONSULTATION

The group places considerable value on the involvement of its employees and has continued to keep them informed on matters affecting them as employees and on the various factors affecting the performance of the group. Employee representatives are consulted regularly on a wide range of matters affecting their current and future interests.

STREAMLINED ENERGY AND CARBON REPORTING

UK Greenhouse gas emissions, energy consumption and energy efficiency data for the year ended 30 September 2025:

UK annual quantity of emissions in tonnes of carbon dioxide equivalent resulting from activities for which the parent company is responsible involving:

I. Combustion of gas; 317.40 Tonnes

II. Consumption of fuel for the purposes of transport; 1,370.90 Tonnes

III. Consumption of gasoil for space heating and forklifts; 98.60 Tonnes

UK annual quantity of emissions in tonnes of carbon dioxide equivalent resulting from the purchase of electricity for its own use, including for the purposes of transport; 151.20 Tonnes

Aggregated figure in kWh of:

I. Combustion of gas; 1,364,863.70 KWH

II. Consumption of fuel for the purposes of transport; 5,284,697.00 KWH

III. Consumption of gasoil for space heating and forklifts; 361,410.30 KWH

UK annual quantity of energy consumed resulting from the purchase of electricity by the parent company for its own use, including for the purposes of transport; 864,523.20 KWH

Quantification and reporting methodology:

Consumption data has been collected from electricity bills, invoices paid or fuel delivery information for the financial period. KWH and Tonnes of CO2 emissions have been calculated using 2025 conversion factors available at Greenhouse gas reporting: conversion factors 2025 - GOV.UK.

Emissions Ratio:

Greenhouse gas CO2 emissions Tonnes/Turnover (£'000) = 0.0494

Measures taken to improve energy efficiency:

Three solar panel installations were operational on factory buildings during the financial period. Replacement HGVs meet the latest emissions standards. LED lighting is installed for new areas and when replacement is due on existing ones, if feasible. Two biomass boiler installations to heat premises were operational during the financial period. Gasoil usage has been completely stopped for kiln drying.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

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

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

-	select suitable accounting policies and then apply them consistently;

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

-	state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

ON BEHALF OF THE BOARD:

P A I Jackson - Director

23 June 2026

Opinion

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

In our opinion the financial statements:

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

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

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

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

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

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Matters on which we are required to report by exception

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

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

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

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

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

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

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page seven, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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

Auditors' responsibilities for the audit of the financial statements

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

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

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.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

-

the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

-

we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the fencing manufacturing sector;

-

we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, FRS 102, taxation legislation, employment and health and safety legislation;

-

we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management, inspecting correspondence; and

-

identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

-

making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;

-

considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations; and

-

understanding the design of the company's remuneration policies.

To address the risk of fraud through management bias and override of controls, we:

-

performed analytical procedures to identify any unusual or unexpected relationships;

-

tested journal entries to identify unusual transactions;

-

assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and

-

investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

-

agreeing financial statement disclosures to underlying supporting documentation;

-

enquiring of management as to actual and potential litigation and claims; and

-

reviewing correspondence with HMRC, relevant regulators, and the company's legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

John Sheather BSc FCA (Senior Statutory Auditor)

for and on behalf of McCabe Ford Williams

Chartered Accountants and Statutory Auditors

Charlton House

Dour Street

DOVER

Kent

CT16 1BL

24 June 2026

TURNOVER

3

40,891,751

36,844,182

Cost of sales

26,148,938

23,794,474

GROSS PROFIT

14,742,813

13,049,708

Distribution costs

2,664,157

2,605,313

Administrative expenses

8,897,507

8,413,942

11,561,664

11,019,255

3,181,149

2,030,453

Other operating income

206,410

163,969

OPERATING PROFIT

5

3,387,559

2,194,422

Interest receivable and similar income

227,659

185,946

3,615,218

2,380,368

Interest payable and similar expenses

7

18,662

165

PROFIT BEFORE TAXATION

3,596,556

2,380,203

Tax on profit

8

924,554

645,260

PROFIT FOR THE FINANCIAL YEAR

2,672,002

1,734,943

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

2,672,002

1,734,943

Profit attributable to:

Owners of the parent

2,672,002

1,734,943

Total comprehensive income attributable to:

Owners of the parent

2,672,002

1,734,943

FIXED ASSETS

Intangible assets

10

34,477

87,882

Tangible assets

11

9,168,672

8,566,298

Investments

12

-

-

9,203,149

8,654,180

CURRENT ASSETS

Stocks

13

7,215,926

7,707,168

Debtors

14

5,779,380

6,963,151

Cash at bank and in hand

8,969,877

6,162,376

21,965,183

20,832,695

CREDITORS

Amounts falling due within one year

15

4,935,059

6,141,470

NET CURRENT ASSETS

17,030,124

14,691,225

TOTAL ASSETS LESS CURRENT LIABILITIES

26,233,273

23,345,405

PROVISIONS FOR LIABILITIES

17

761,217

545,351

NET ASSETS

25,472,056

22,800,054

CAPITAL AND RESERVES

Called up share capital

18

106,250

106,250

Capital redemption reserve

19

18,750

18,750

Fair value reserve

19

544,889

544,889

Retained earnings

19

24,802,167

22,130,165

SHAREHOLDERS' FUNDS

25,472,056

22,800,054

The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2026 and were signed on its behalf by:

P A I Jackson - Director

FIXED ASSETS

Intangible assets

10

34,477

87,882

Tangible assets

11

9,044,877

8,404,216

Investments

12

1,826,525

1,826,525

10,905,879

10,318,623

CURRENT ASSETS

Stocks

13

6,852,439

7,368,628

Debtors

14

5,669,452

6,841,053

Cash at bank and in hand

8,572,224

5,629,605

21,094,115

19,839,286

CREDITORS

Amounts falling due within one year

15

5,127,350

6,092,567

NET CURRENT ASSETS

15,966,765

13,746,719

TOTAL ASSETS LESS CURRENT LIABILITIES

26,872,644

24,065,342

PROVISIONS FOR LIABILITIES

17

739,578

538,103

NET ASSETS

26,133,066

23,527,239

CAPITAL AND RESERVES

Called up share capital

18

106,250

106,250

Capital redemption reserve

19

18,750

18,750

Fair value reserve

19

544,889

544,889

Retained earnings

19

25,463,177

22,857,350

SHAREHOLDERS' FUNDS

26,133,066

23,527,239

Company's profit for the financial year

2,605,827

1,757,562

The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2026 and were signed on its behalf by:

P A I Jackson - Director

Called up

Capital

Fair

share

Retained

redemption

value

Total

capital

earnings

reserve

reserve

equity

£

£

£

£

£

Balance at 1 October 2023

106,250

20,395,222

18,750

544,889

21,065,111

Changes in equity

Total comprehensive income

-

1,734,943

-

-

1,734,943

Balance at 30 September 2024

106,250

22,130,165

18,750

544,889

22,800,054

Changes in equity

Total comprehensive income

-

2,672,002

-

-

2,672,002

Balance at 30 September 2025

106,250

24,802,167

18,750

544,889

25,472,056

Called up

Capital

Fair

share

Retained

redemption

value

Total

capital

earnings

reserve

reserve

equity

£

£

£

£

£

Balance at 1 October 2023

106,250

21,099,788

18,750

544,889

21,769,677

Changes in equity

Total comprehensive income

-

1,757,562

-

-

1,757,562

Balance at 30 September 2024

106,250

22,857,350

18,750

544,889

23,527,239

Changes in equity

Total comprehensive income

-

2,605,827

-

-

2,605,827

Balance at 30 September 2025

106,250

25,463,177

18,750

544,889

26,133,066

Cash flows from operating activities

Cash generated from operations

1

4,680,972

371,623

Interest paid

(18,662

)

(165

)

Tax paid

(675,135

)

(357,262

)

Net cash from operating activities

3,987,175

14,196

Cash flows from investing activities

Purchase of intangible fixed assets

-

(56,897

)

Purchase of tangible fixed assets

(1,447,247

)

(1,026,856

)

Sale of tangible fixed assets

39,914

122,313

Interest received

227,659

185,946

Net cash from investing activities

(1,179,674

)

(775,494

)

Increase/(decrease) in cash and cash equivalents

2,807,501

(761,298

)

Cash and cash equivalents at beginning of year

2

6,162,376

6,923,674

Cash and cash equivalents at end of year

2

8,969,877

6,162,376

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

30.9.25

30.9.24

£

£

Profit before taxation

3,596,556

2,380,203

Depreciation charges

854,480

775,034

Loss/(profit) on disposal of fixed assets

3,884

(87,074

)

Finance costs

18,662

165

Finance income

(227,659

)

(185,946

)

4,245,923

2,882,382

Decrease/(increase) in stocks

491,242

(1,763,558

)

Decrease/(increase) in trade and other debtors

1,183,771

(1,714,902

)

(Decrease)/increase in trade and other creditors

(1,239,964

)

967,701

Cash generated from operations

4,680,972

371,623

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

8,969,877

6,162,376

Year ended 30 September 2024

30.9.24

1.10.23

£

£

Cash and cash equivalents

6,162,376

6,923,674

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

6,162,376

2,807,501

8,969,877

6,162,376

2,807,501

8,969,877

Total

6,162,376

2,807,501

8,969,877