REGISTERED NUMBER: 02042626 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

DES WINKS CARS LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Statement of Income and Retained Earnings

10

Balance Sheet

11

Cash Flow Statement

12

Notes to the Cash Flow Statement

13

Notes to the Financial Statements

14

DIRECTORS:

Mrs D Winks

Mr M Wray

Mrs D Wray

Mr A Veitch

Mr J Brown

SECRETARY:

Mr M W Summers

REGISTERED OFFICE:

Hopper Hill Road

Eastfield

Scarborough

North Yorkshire

YO11 3YS

REGISTERED NUMBER:

02042626 (England and Wales)

AUDITORS:

Fortus Audit LLP

5 & 6 Manor Court

Manor Garth

Scarborough

North Yorkshire

YO11 3TU

The directors present their strategic report for the year ended 31 December 2025.

Des Winks Cars Limited operates both a Volkswagen and Skoda dealership based in Scarborough, North Yorkshire. The business sells the whole range of new Volkswagen and Skoda passenger cars. In addition, the business also sells used Volkswagen, Skoda and non-franchise passenger cars and carries out servicing and repairs to both Volkswagen, Skoda and other makes.

PRINCIPAL RISKS AND UNCERTAINTIES

The business is exposed to a number of risks but the directors are confident that they have sufficient controls in place to minimise these factors.

The profitability of the company can be adversely affected by the general economic conditions in the UK, factors such as unemployment, interest rates, exchange rates, inflation and in more recent years the component shortage, which had led to a restricted supply of new cars since the end of the pandemic. The company has a strong relationship with Volkswagen Bank, and is confident that the banking and finance facilities are adequate for its working capital requirements. Cash flow is monitored daily as are all debtors. The company's exposure to credit risk is low as no cars are released without cleared funds having been received, or confirmation that a customer's application for finance has been processed.

The company is subject to both regulatory audits and Volkswagen Group audits whereby operating processes and systems are checked, failure of these audits can lead to fines or other penalties. The directors are confident they have the systems and support in place to ensure all such processes are complied with.

BUSINESS MODEL

The business operates as a franchise of Volkswagen Group United Kingdom Limited whereby it is contracted to buy cars and parts from them at a pre-determined level during a 12 month period. In addition, many standards of display and customer service have to be maintained at all times. The relationship with the Volkswagen Group, who operate the Volkswagen and Skoda franchises in the UK, is clearly extremely important to the success of the business and with the company entering their 29th year in partnership with the Volkswagen Group, the directors are confident of this excellent relationship continuing in the long term.

BUSINESS PERFORMANCE

The previously reported issues of a global shortage of semiconductors has now been resolved, resulting in a much improved stock supply from both brands during the year. This has boosted the level of sales reported during the year to record levels as well as achieving an improved gross profit position despite a slight squeeze in margins as a result of the improved supply.

BUSINESS OUTLOOK

2026 continues very much along the same vein with a continued strong supply of new cars and better than initially expected re-sale values in the used car market. Results are expected to be at least on a par with 2025, helped by the return of improving margins. The business continues to focus on quality trading with a view to maintaining good margins on all available products.

FINANCIAL RISK MANAGEMENT

Des Winks Cars Limited uses financial instruments, such as bank and related party loan, cash and various other items such as trade debtors and creditors that arise directly from its operations. The main purpose of these financial instruments is to maintain working capital for the Company's operations and managed to an acceptable level. Key risks are detailed below.

PRICE RISK

The business continually monitors and reacts to market conditions that affect the prices of its stock. Values remain very strong in the motor trade and are expected to remain so for the foreseeable future, with high inflation not having an impact on demand for new and used cars.

CREDIT RISK

The directors are satisfied with the management of credit risk. The company has a relatively low level of trade debtors and these are monitored closely to ensure recoverability and are spread across a range of customers.

LIQUIDITY RISK

Des Winks Cars Limited maintains an excellent relationship with its bankers and has a strong history of managing liquidity risk to make sure it can meet the company's cash flow needs. This can be demonstrated by the consistently strong net asset position reported annually in the financial statements and the company is now debt free in terms of bank borrowing.

CASH FLOW RISK

As alluded to above, the company has an excellent relationship with its bankers and the company has sufficient facilities in place for its working capital requirements.

FINANCIAL SUMMARY AND KEY PERFORMANCE INDICATORS

Item

2025(£   s

)

2024 (£   s

)

Change (£   s

)

Change (%

)

Turnover

28,872

28,954

(82

)

(0.28%

)

Gross profit

2,943

3,025

(82

)

(2.7%

)

Profit before tax

159

392

(233

)

(59%

)

2025

2024

Gross profit margin

10.19%

10.44%

Stock holding days

72.9

58.6

ON BEHALF OF THE BOARD:

Mr M Wray - Director

29 June 2026

The directors present their report with the financial statements of the company for the year ended 31 December 2025.

PRINCIPAL ACTIVITIES

The principal activity of the company in the year under review was that of running a motor dealership for VW and Skoda vehicles which includes the sale of new and used cars.

DIVIDENDS

An interim dividend of £7 per share was paid on 30 September 2025. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ending 31 December 2025 will be £140,000.

DIRECTORS

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

Mrs D Winks

Mr M Wray

Mrs D Wray

Mr A Veitch

Mr J Brown

STATEMENT OF DIRECTORS' RESPONSIBILITIES

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

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), 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 or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:

Mr M Wray - Director

29 June 2026

Opinion

We have audited the financial statements of Des Winks Cars Limited (the 'company') for the year ended 31 December 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 31 December 2025 and of its profit for the year then ended;

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

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

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

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

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Matters on which we are required to report by exception

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

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

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

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

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

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

Responsibilities of directors

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

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

Auditors' responsibilities for the audit of the financial statements

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

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

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect to irregularities including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory frameworks that are applicable to the company and determined that the most significant frameworks which are directly relevant to specific assertions in the financial statements are those that relate to the reporting framework (UK GAAP and the Companies Act 2006) and the relevant tax compliance regulations in the UK.

We understood how the group is complying with those frameworks by making enquiries of management and those responsible for legal and compliance procedures. We corroborated our enquiries through review of board minutes and discussions with those charged with governance.

We assessed the susceptibility of the group’s financial statements to material misstatement, including how fraud might occur, by discussion with management from various parts of the business to understand where they considered there was a susceptibility to fraud. We considered the procedures and controls that the group has established to prevent and detect fraud, and how these are monitored by management, and also any enhanced risk factors such as performance targets.

Based on our understanding, we designed our audit procedures to identify any non-compliance with laws and regulations identified in the paragraphs above.

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

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.

Jacqueline Godden FCCA (Senior Statutory Auditor)

for and on behalf of Fortus Audit LLP

5 & 6 Manor Court

Manor Garth

Scarborough

North Yorkshire

YO11 3TU

30 June 2026

TURNOVER

3

28,872,538

28,954,182

Cost of sales

25,929,623

25,929,133

GROSS PROFIT

2,942,915

3,025,049

Administrative expenses

2,797,373

2,647,087

OPERATING PROFIT

5

145,542

377,962

Interest receivable and similar income

13,039

14,443

PROFIT BEFORE TAXATION

158,581

392,405

Tax on profit

6

25,463

121,980

PROFIT FOR THE FINANCIAL YEAR

133,118

270,425

Retained earnings at beginning of year

3,725,014

3,594,589

Dividends

7

(140,000

)

(140,000

)

RETAINED EARNINGS AT END OF YEAR

3,718,132

3,725,014

FIXED ASSETS

Tangible assets

8

1,512,515

1,656,814

CURRENT ASSETS

Stocks

9

5,046,421

4,251,902

Debtors

10

142,088

196,841

Cash at bank and in hand

604,396

841,148

5,792,905

5,289,891

CREDITORS

Amounts falling due within one year

11

3,440,207

3,024,353

NET CURRENT ASSETS

2,352,698

2,265,538

TOTAL ASSETS LESS CURRENT LIABILITIES

3,865,213

3,922,352

PROVISIONS FOR LIABILITIES

13

127,081

177,338

NET ASSETS

3,738,132

3,745,014

CAPITAL AND RESERVES

Called up share capital

14

20,000

20,000

Retained earnings

3,718,132

3,725,014

SHAREHOLDERS' FUNDS

3,738,132

3,745,014

The financial statements were approved by the Board of Directors and authorised for issue on 29 June 2026 and were signed on its behalf by:

Mr M Wray - Director

Cash flows from operating activities

Cash generated from operations

1

(33,614

)

841,058

Tax paid

(122,781

)

(105,997

)

Net cash from operating activities

(156,395

)

735,061

Cash flows from investing activities

Purchase of tangible fixed assets

(4,705

)

(55,605

)

Interest received

13,039

14,443

Net cash from investing activities

8,334

(41,162

)

Cash flows from financing activities

Amount introduced by directors

213,750

398,348

Amount withdrawn by directors

(162,441

)

(523,619

)

Equity dividends paid

(140,000

)

(140,000

)

Net cash from financing activities

(88,691

)

(265,271

)

(Decrease)/increase in cash and cash equivalents

(236,752

)

428,628

Cash and cash equivalents at beginning of year

2

841,148

412,520

Cash and cash equivalents at end of year

2

604,396

841,148

1.	RECONCILIATION OF OPERATING PROFIT TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

Operating profit

145,542

377,962

Depreciation charges

149,005

154,324

294,547

532,286

Increase in stocks

(794,519

)

(520,035

)

Decrease in trade and other debtors

54,753

158,567

Increase in trade and other creditors

411,605

670,240

Cash generated from operations

(33,614

)

841,058

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 31 December 2025

31.12.25

1.1.25

£

£

Cash and cash equivalents

604,396

841,148

Year ended 31 December 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

841,148

412,520

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.25

Cash flow

At 31.12.25

£

£

£

Net cash

Cash at bank and in hand

841,148

(236,752

)

604,396

841,148

(236,752

)

604,396

Debt

Debts falling due within 1 year

(187,684

)

(51,310

)

(238,994

)

(187,684

)

(51,310

)

(238,994

)

Total

653,464

(288,062

)

365,402

1.	COMPANY INFORMATION

Des Winks Cars Limited is a private company, limited by shares, domiciled in England and with a company number of 02042626. The registered office is Hopper Hill Road, Eastfield, Scarborough, YO11 3YS, which is also it's place of business.

The nature of the company's operations and principal activities are the sale of new Volkswagen and Skoda passenger cars. Additionally, the company also sells used Volkswagen, Skoda and non-franchise passenger cars and carries out servicing and repairs to all makes of vehicle.

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 principal accounting policies adopted in the preparation of the financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The presentational currency of the financial statements is in GBP and rounded to the nearest pound.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimate.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax, and principally comprises sales of vehicles, parts, servicing and bodyshop sales. Vehicles and parts sales are recognised when substantially all risks and rewards have been transferred to the customer which is generally time of delivery to the customer. Service and bodyshop sales are recognised on completion of work performed.

Tangible fixed assets

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

Freehold property

-

Straight line over 25 years

Plant and machinery

-

15% on reducing balance

No depreciation is provided on the element of land included within freehold property.

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Stocks

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Stock includes vehicle consignment stock, the associated creditor is included within trade creditors.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment are also recognised in profit or loss.

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.

Pension costs and other post-retirement benefits

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

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Income statement.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than the financial instrument's legal form.

Going concern

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

3.

TURNOVER

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

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

2025

2024

£

£

Vehicle sales

26,909,830

27,051,480

Parts sales

1,041,228

1,031,672

Servicing and repairs

921,480

871,030

28,872,538

28,954,182

4.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

1,617,309

1,568,744

Social security costs

182,169

162,198

Other pension costs

115,315

153,950

1,914,793

1,884,892

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

2025

2024

Directors

5

5

Parts employees

2

2

Workshop employees

15

15

Sales employees

15

14

Administrative employees

5

5

42

41

2025

2024

£

£

Directors' remuneration

222,142

233,951

Directors' pension contributions to money purchase schemes

7,328

47,307

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

Money purchase schemes

3

3

Information regarding the highest paid director is as follows:

2025

2024

£

£

Emoluments etc

76,803

81,738

Pension contributions to money purchase schemes

1,321

1,321

5.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

£

Depreciation - owned assets

149,004

154,324

Auditors' remuneration

16,577

16,725

6.

TAXATION

Analysis of the tax charge

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

2025

2024

£

£

Current tax:

UK corporation tax

75,720

122,781

Deferred tax current year

(50,257

)

(801

)

Tax on profit

25,463

121,980

Reconciliation of total tax charge included in profit and loss

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

2025

2024

£

£

Profit before tax

158,581

392,405

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

39,645

98,101

Effects of:

Depreciation in excess of capital allowances

36,075

24,680

Deferred tax income

(50,257

)

(801

)

Total tax charge

25,463

121,980

7.

DIVIDENDS

2025

2024

£

£

Ordinary shares of £1 each

Interim

140,000

140,000

8.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST

At 1 January 2025

3,052,669

585,325

3,637,994

Additions

-

4,705

4,705

At 31 December 2025

3,052,669

590,030

3,642,699

DEPRECIATION

At 1 January 2025

1,618,018

363,162

1,981,180

Charge for year

115,120

33,884

149,004

At 31 December 2025

1,733,138

397,046

2,130,184

NET BOOK VALUE

At 31 December 2025

1,319,531

192,984

1,512,515

At 31 December 2024

1,434,651

222,163

1,656,814

Included in land and buildings is freehold land at a cost of £174,641 (2024 - £174,641) which is not depreciated.

9.

STOCKS

2025

2024

£

£

Finished goods

5,046,421

4,251,902

Included within finished goods is consignment stock of £1,431,631 (2024: £1,284,652).

10.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

111,857

173,388

Prepayments and accrued income

30,231

23,453

142,088

196,841

11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other loans (see note 12)

238,994

187,684

Trade creditors

2,828,092

2,514,730

Corporation tax

75,720

122,781

Social security and other taxes

241,548

150,194

Accruals

55,853

48,964

3,440,207

3,024,353