REGISTERED NUMBER: 12430842 (England and Wales)

GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

FHS HOLDINGS LIMITED

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Consolidated Statement of Income and Retained Earnings

8

Consolidated Balance Sheet

9

Company Balance Sheet

10

Consolidated Cash Flow Statement

11

Notes to the Consolidated Cash Flow Statement

12

Notes to the Consolidated Financial Statements

13

DIRECTORS:

S J C McKenna

J M McKenna

Mrs S J McKenna

REGISTERED OFFICE:

27-29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

REGISTERED NUMBER:

12430842 (England and Wales)

SENIOR STATUTORY AUDITOR:

C M Goad BFP FCA

AUDITORS:

Stephenson Smart (East Anglia) Limited

Chartered Accountants & Statutory Auditor

22-26 King Street

King's Lynn

Norfolk

PE30 1HJ

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

Review of the business

The principal activities of the group during the year were road haulage, vehicle maintenance, vehicle hire and repacking and labour providers.

Turnover increased during the year however gross profit margins saw a margin reduction due to challenging external conditions, notably labour cost pressures. The comparative figures relate to the 18-month period ended 30 September 2024.

The group continued to make significant investment in its assets during the year, resulting in increased depreciation charges and a reduction in operating profit.

The group's key financial and other performance indicators for the year were as follows:

30/09/2025

30/09/2024

(12 months)

(18 months)

£

£

Turnover

16,131,750

20,252,979

Gross Profit

3,843,743

5,168,307

Profit before taxation

931,313

1,797,900

EBITDA

2,673,613

4,076,651

The directors consider that the continued investments will assist the group in maintaining its position within the sector, supporting sustainable growth and protecting margins. Accordingly, the directors consider the group to be well placed for the future.

The directors thank the staff for their continued support and commitment.

Principal risks and uncertainties

The group operates in a competitive market and remains exposed to adverse external factors. The directors recognise the importance of managing margins to ensure that the business continues to serve its customers effectively. Inflationary pressures have affected all cost areas, particularly staffing and fuel.

Credit risk

The group is not dependent on any single customer, and debtor balances are actively monitored to reduce the risk of default.

Liquidity risk

The directors have reviewed the resources available to the group and are satisfied that sufficient resources are available to meet its obligations as they fall due.

Finance risk

The group maintains sufficient cash reserves to mitigate short- and medium-term adverse factors.

ON BEHALF OF THE BOARD:

S J C McKenna - Director

26 June 2026

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

DIVIDENDS

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

DIRECTORS

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

S J C McKenna

J M McKenna

Mrs S J McKenna

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;

-	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 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 group'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:

S J C McKenna - Director

26 June 2026

Opinion

We have audited the financial statements of FHS Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 September 2025 which comprise the Consolidated Statement of Income and Retained Earnings, Consolidated Balance Sheet, Company Balance Sheet, 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 three, 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 possible irregularities, including fraud. Our procedures and the extent to which they are capable of detecting irregularities, including fraud is detailed below:

As part of the audit process, we identify and assess the risks of material misstatement to the financial statements as a result of susceptibility to irregularities, including fraud, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

To establish the risks in which to base our procedures on, some of the things we do are:

- Understand the company and its environment to identify events or conditions that may have a significant

effect on the risks of material misstatement, such as the nature of the company, external, industry and

regulatory factors (see further below), and the company's objectives and strategies;

- Review of the company's measurements of financial performance, including the key drivers for director's

remuneration;

- Review of the company's own assessment of the risks that irregularities may occur either as a result of fraud or error, including the likelihood and significance of potential misstatements resulting from those risks;

- Obtain an understanding of internal controls over the company's financial reporting, which includes

performing walkthroughs to test controls;

- Review matters we identified having assessed the company's documentation of their policies and procedures

relating to identifying, evaluating and complying with laws and regulations and whether they are aware of any

instances of non-compliance;

- Perform analytical procedures throughout the audit;

- Have internal discussions with the audit engagement team members regarding risks of material misstatement;

- Understand the selection and application of accounting policies and related disclosures in the financial

statements; in particular to areas involving significant management estimates and assumptions.

As above, we obtain an understanding of the legal and regulatory framework that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included:

- Those laws and regulations considered to have a direct effect on the financial statements include the UK

Financial Reporting Standards, Company Law (Companies Act 2006), 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; construction, design and management regulations; and employment regulation.

In common with all audits under ISAs (UK) we are also required to perform specific procedures to respond to the risk of management override. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to fraudulent journal entries, designed to manipulate the financial performance and/or the position of the company, and management bias in accounting estimates.

Audit procedures undertaken in response to the potential risks relating to irregularities and fraud within the financial statements comprised of, but not limited to:

- All material accounting estimates tested to supporting documentation to assess compliance with provisions of relevant laws and regulations;

- Use of analytical procedures to identify any unusual or unexpected relationships that may indicate risks of

material misstatement due to fraud;

- Inquiries of management and those charged with governance as to whether the entity complies with such laws and regulations; and whether there is any known or suspected instances of non-compliance, claims and

litigation, or fraud;

- Understanding of management's controls designed to prevent and detect irregularities;

- Review of board and management minutes;

- Identifying and testing journal entries to assess whether any of the journals appeared unusual and evaluating

the business rationale of any one-off significant transactions outside the normal course of business;

- Challenging management on assumptions and judgements made in their significant accounting estimates.

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.

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 entity's controls 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 fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. 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 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.

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.

C M Goad BFP FCA (Senior Statutory Auditor)

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

Chartered Accountants & Statutory Auditor

22-26 King Street

King's Lynn

Norfolk

PE30 1HJ

26 June 2026

TURNOVER

16,131,750

20,252,979

Cost of sales

12,288,007

15,084,672

GROSS PROFIT

3,843,743

5,168,307

Administrative expenses

2,751,511

3,182,538

1,092,232

1,985,769

Other operating income

-

39,565

OPERATING PROFIT

4

1,092,232

2,025,334

Interest receivable and similar income

37,358

115

1,129,590

2,025,449

Interest payable and similar expenses

5

198,277

227,549

PROFIT BEFORE TAXATION

931,313

1,797,900

Tax on profit

6

233,900

452,107

PROFIT FOR THE FINANCIAL YEAR

697,413

1,345,793

Retained earnings at beginning of year

6,652,475

5,309,742

Dividends

8

-

(3,060

)

RETAINED EARNINGS FOR THE GROUP AT END OF YEAR

7,349,888

6,652,475

Profit attributable to:

Owners of the parent

697,413

1,345,793

FIXED ASSETS

Intangible assets

9

8,953

8,181

Tangible assets

10

6,661,525

5,534,718

Investments

11

-

-

6,670,478

5,542,899

CURRENT ASSETS

Stocks

12

83,152

67,301

Debtors

13

7,051,345

5,253,658

Cash at bank

840,805

1,542,996

7,975,302

6,863,955

CREDITORS

Amounts falling due within one year

14

4,292,340

3,386,812

NET CURRENT ASSETS

3,682,962

3,477,143

TOTAL ASSETS LESS CURRENT LIABILITIES

10,353,440

9,020,042

CREDITORS

Amounts falling due after more than one year

15

(1,670,152

)

(1,268,067

)

PROVISIONS FOR LIABILITIES

19

(1,323,200

)

(1,089,300

)

NET ASSETS

7,360,088

6,662,675

CAPITAL AND RESERVES

Called up share capital

20

10,200

10,200

Retained earnings

21

7,349,888

6,652,475

SHAREHOLDERS' FUNDS

7,360,088

6,662,675

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2026 and were signed on its behalf by:

S J C McKenna - Director

FIXED ASSETS

Intangible assets

9

-

-

Tangible assets

10

-

-

Investments

11

10,100

10,100

10,100

10,100

CURRENT ASSETS

Debtors

13

4,502,472

4,047,343

Cash at bank

125,626

610,996

4,628,098

4,658,339

CREDITORS

Amounts falling due within one year

14

75,263

140,311

NET CURRENT ASSETS

4,552,835

4,518,028

TOTAL ASSETS LESS CURRENT LIABILITIES

4,562,935

4,528,128

CAPITAL AND RESERVES

Called up share capital

20

10,200

10,200

Retained earnings

21

4,552,735

4,517,928

SHAREHOLDERS' FUNDS

4,562,935

4,528,128

Company's profit for the financial year

34,807

1,195,132

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2026 and were signed on its behalf by:

S J C McKenna - Director

Cash flows from operating activities

Cash generated from operations

1

1,781,776

3,856,872

Interest paid

(22,482

)

(29,509

)

Interest element of hire purchase payments paid

(175,795

)

(198,040

)

Tax paid

(306,807

)

-

Taxation refund

3,419

-

Net cash from operating activities

1,280,111

3,629,323

Cash flows from investing activities

Purchase of intangible fixed assets

(1,454

)

(6,080

)

Purchase of tangible fixed assets

(1,134,060

)

(2,814,357

)

Sale of tangible fixed assets

318,353

418,024

Interest received

37,358

-

Net cash from investing activities

(779,803

)

(2,402,413

)

Cash flows from financing activities

Loan repayments in year

(16,810

)

(22,120

)

Capital repayments in year

(1,185,689

)

(496,105

)

Equity dividends paid

-

(3,060

)

Net cash from financing activities

(1,202,499

)

(521,285

)

(Decrease)/increase in cash and cash equivalents

(702,191

)

705,625

Cash and cash equivalents at beginning of year

2

1,542,996

837,371

Cash and cash equivalents at end of year

2

840,805

1,542,996

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

Period

1.4.23

Year ended

to

30.9.25

30.9.24

£

£

Profit before taxation

931,313

1,797,900

Depreciation charges

1,581,381

2,051,317

Loss/(profit) on disposal of fixed assets

53,889

(69,472

)

Finance costs

198,277

227,549

Finance income

(37,358

)

(115

)

2,727,502

4,007,179

(Increase)/decrease in stocks

(15,851

)

34,002

Increase in trade and other debtors

(1,801,106

)

(1,151,698

)

Increase in trade and other creditors

871,231

967,389

Cash generated from operations

1,781,776

3,856,872

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

840,805

1,542,996

Period ended 30 September 2024

30.9.24

1.4.23

£

£

Cash and cash equivalents

1,542,996

837,371

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1.10.24

Cash flow

At 30.9.25

£

£

£

Net cash

Cash at bank

1,542,996

(702,191

)

840,805

1,542,996

(702,191

)

840,805

Debt

Finance leases

(1,917,599

)

(759,999

)

(2,677,598

)

Debts falling due within 1 year

(16,830

)

(1,760

)

(18,590

)

Debts falling due after 1 year

(207,831

)

18,570

(189,261

)

(2,142,260

)

(743,189

)

(2,885,449

)

Total

(599,264

)

(1,445,380

)

(2,044,644

)

1.	STATUTORY INFORMATION

FHS Holdings 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 General Information page.

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The directors believe that the group is well placed to manage its financial risks successfully and have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Basis of consolidation

The consolidated financial statements include the results of the company and its subsidiaries. Intra group sales and profits are eliminated on consolidation and all sales and profit figures relate to external transactions only.

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.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten 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.

Number plates are being amortised evenly over their estimated useful life of fifteen years.

Tangible fixed assets

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

Freehold property

-

not provided

Plant and machinery

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement. The group only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities, including trade and other debtors, trade and other creditors, cash and bank balances at the transaction price.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits

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

3.	EMPLOYEES AND DIRECTORS

Period

1.4.23

Year ended

to

30.9.25

30.9.24

£

£

Wages and salaries

3,747,542

4,286,252

Social security costs

9,898

7,845

Other pension costs

45,000

-

3,802,440

4,294,097

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

Period

1.4.23

Year ended

to

30.9.25

30.9.24

Directors

3

3

Staff

58

49

61

52

The average number of employees by undertakings that were proportionately consolidated during the year was 58 (2024 - 49 ) .

Period

1.4.23

Year ended

to

30.9.25

30.9.24

£

£

Directors' remuneration

60,000

58,000

Directors' pension contributions to money purchase schemes

45,000

-

4.	OPERATING PROFIT

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

Period

1.4.23

Year ended

to

30.9.25

30.9.24

£

£

Hire of plant and machinery

43,682

53,495

Depreciation - owned assets

593,655

976,325

Depreciation - assets on hire purchase contracts

987,044

1,070,205

Loss/(profit) on disposal of fixed assets

53,889

(69,472

)

Goodwill amortisation

-

4,167

Number plates amortisation

682

620

Auditors' remuneration

15,000

-

Foreign exchange differences

40

261

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

Period

1.4.23

Year ended

to

30.9.25

30.9.24

£

£

Bank loan interest

16,987

29,493

Other interest

5,495

16

Hire purchase interest

175,795

198,040

198,277

227,549

6.

TAXATION

Analysis of the tax charge

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

Period

1.4.23

Year ended

to

30.9.25

30.9.24

£

£

Current tax:

UK corporation tax

-

306,807

Deferred tax

233,900

145,300

Tax on profit

233,900

452,107

UK corporation tax has been charged at 25 % .

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

Period

1.4.23

Year ended

to

30.9.25

30.9.24

£

£

Profit before tax

931,313

1,797,900

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

232,828

449,475

Effects of:

Expenses not deductible for tax purposes

1,660

2,592

(Under)/over provision of deferred tax in prior years

(588

)

40

Total tax charge

233,900

452,107

7.	INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

8.

DIVIDENDS

Period

1.4.23

Year ended

to

30.9.25

30.9.24

£

£

Ordinary shares of £1 each

Final

-

3,060