REGISTERED NUMBER: 04810198 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Period 1 August 2024 to 31 January 2026

for

Recycled Roadways Limited

Page

Company Information

1

Strategic Report

2

to

3

Report of the Directors

4

to

5

Report of the Independent Auditors

6

to

8

Income Statement

9

Other Comprehensive Income

10

Balance Sheet

11

Statement of Changes in Equity

12

Cash Flow Statement

13

Notes to the Cash Flow Statement

14

Notes to the Financial Statements

15

to

22

DIRECTORS:

C S Basi

B K Basi

REGISTERED OFFICE:

Alpha House Culpeper Close,

Medway City Estate

Rochester

Kent

ME2 4QW

REGISTERED NUMBER:

04810198 (England and Wales)

INDEPENDENT AUDITORS:

TAG Assurance Services Limited

Chartered Accountants and

Registered Auditors

8 Pendeford Place

Pendeford Business Park

Wolverhampton

West Midlands

WV9 5HD

The directors present their strategic report for the period 1 August 2024 to 31 January 2026.

REVIEW OF BUSINESS

The results for the period end 31 January 2026 are as shown in these financial statements. The group has grown during this period, with sales increasing by 10% when prorated for 18 months. The businesses pivoted to additional revenue streams and shift in pricing policy for the 6 months to period end has reduced its risk to external market conditions and supported higher utilization levels for its asset base.

PRINCIPAL RISKS AND UNCERTAINTIES

Due to the uncertainty in the financial markets and the stagnant financial forecast for the UK economy, the business has completed varying levels of risk review and is comfortable with its projections for 2026 and 2027.

The business envisages a minimal growth in the Construction & aggregate sector but is confident it has the capacity to manage this. Simultaneously, the business continues to increase its market share in differing sectors of the aggregate industry by providing turn-key services which help mitigate risk for our client base.

Price risk- The data from 2025 showed prices were stable. The business core spending on fuel and materials were stable, which supported the reduced losses for the financial year. Prior-year labor shortages have also stabilized giving the business further certainty when pricing. The forecast decrease in interest rates will support future asset purchases further strengthening the profitability of the business.

Credit risk- The business has a strong credit rating and the purchase of premium plant equipment at below market rates supports this status. Robust cashflow modelling ensures payments are made on time to suppliers to maintain the credit rating of the business. We do not envisage any issues around credit risk.

Liquidity risk-The business has solid liquidity and respectable payment terms with its client base. The company's historical investment in plant equipment, which will become unencumbered overtime, safeguards any potential liquidity issues that may arise in the future. Shareholder funding support of up to £2 million provides additional liquidity assurance.

Market risk- The forecast for the Aggregate sector is better than previous years and the pipeline of work for RR's contracting arm looks solid. With increased focus on providing sustainable turnkey solutions the business is well positioned.

DEVELOPMENT AND PERFORMANCE

Investment in its management structure will continue into 2026 / 2027 which will support the projected turnover increase and its pivot into other activities. Reduced interest payments will support net profitability in future years.

The management team continues to monitor the company's performance specifically looking at utilization, hire/contract rates, EBITDA. With a steady pipeline of work, the senior management team remain optimistic for the future.

KPI'S

2026

2024

Revenue

18,792,841

11,322,247

Gross Profit

4,493,776

2,404,329

Net Profit / (loss)

(182,797)

(501,182)

Net Assets

2,836,802

3,019,599

ON BEHALF OF THE BOARD:

B K Basi - Director

1 July 2026

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

PRINCIPAL ACTIVITY

The company's principal activity during the year continued to be the recycling of non-metal waste and scrap, together with the hiring out of machinery for projects.

REVIEW OF BUSINESS

During the 18-month reporting period from 1 August 2024 to 31 January 2026, Recycled Roadways Ltd delivered significant top-line expansion, with total sales revenue increasing to £18,792,841 compared to £11,322,247 in the previous 12-month financial year ended 31 July 2024. Gross profit grew strongly to £4,493,776, reflecting a structural expansion in our gross profit margin from 21% up to 24%.

DIVIDENDS

No dividends will be distributed for the period ended 31 January 2026.

DIRECTORS

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

C S Basi

B K Basi

POLITICAL DONATIONS AND EXPENDITURE

Charitable donation during the year amounted to £2,183 (2024: £1,833).

GOING CONCERN

The directors have reviewed the company's financial position, cash flow forecasts and funding requirements for the foreseeable future. The company had net current liabilities of £1.138m at 31 January 2026 may require continued financial support in order to meet its obligations as they fall due. The directors have confirmed their intention to provide such financial support as may be necessary to enable the company to continue trading and to meet its liabilities for a period of at least 12 months from the date of approval of these financial statements. Based on the forecasts prepared and the continued financial support available from the directors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on the going concern basis.

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.

AUDITORS

The auditors, TAG Assurance Services Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

B K Basi - Director

1 July 2026

Opinion

We have audited the financial statements of Recycled Roadways Limited (the 'company') for the period ended 31 January 2026 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, 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 January 2026 and of its loss for the period 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; or

-	the directors were not entitled to take advantage of the small companies' exemption from the requirement to prepare a Strategic Report.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on pages four and five, 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.

Irregularities, including fraud, are instances of non-compliance with law and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

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.

Shaun David Philpott (Senior Statutory Auditor)

for and on behalf of TAG Assurance Services Limited

Chartered Accountants and

Registered Auditors

8 Pendeford Place

Pendeford Business Park

Wolverhampton

West Midlands

WV9 5HD

1 July 2026

REVENUE

18,792,841

11,322,247

Cost of sales

14,299,065

8,917,918

GROSS PROFIT

4,493,776

2,404,329

Administrative expenses

3,830,320

2,564,725

OPERATING PROFIT/(LOSS)

4

663,456

(160,396

)

Interest payable and similar expenses

5

887,378

389,844

LOSS BEFORE TAXATION

(223,922

)

(550,240

)

Tax on loss

6

(41,125

)

(49,058

)

LOSS FOR THE FINANCIAL PERIOD

(182,797

)

(501,182

)

LOSS FOR THE PERIOD

(182,797

)

(501,182

)

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD

(182,797

)

(501,182

)

FIXED ASSETS

Property, plant and equipment

10

8,376,424

7,610,986

CURRENT ASSETS

Inventories

11

1,313,538

1,200,203

Debtors

12

3,942,906

4,771,104

Cash in hand

39,396

(60,932

)

5,295,840

5,910,375

CREDITORS

Amounts falling due within one year

13

6,433,886

5,300,233

NET CURRENT (LIABILITIES)/ASSETS

(1,138,046

)

610,142

TOTAL ASSETS LESS CURRENT LIABILITIES

7,238,378

8,221,128

CREDITORS

Amounts falling due after more than one year

14

(3,653,525

)

(4,412,353

)

PROVISIONS FOR LIABILITIES

17

(748,051

)

(789,176

)

NET ASSETS

2,836,802

3,019,599

CAPITAL AND RESERVES

Called up share capital

18

405

405

Share premium

19

2,926,697

2,926,697

Retained earnings

19

(90,300

)

92,497

SHAREHOLDERS' FUNDS

2,836,802

3,019,599

The financial statements were approved by the Board of Directors and authorised for issue on 1 July 2026 and were signed on its behalf by:

B K Basi - Director

Called up

share

Retained

Share

Total

capital

earnings

premium

equity

£

£

£

£

Balance at 1 August 2023

405

2,093,679

2,926,697

5,020,781

Changes in equity

Dividends

-

(1,500,000

)

-

(1,500,000

)

Total comprehensive income

-

(501,182

)

-

(501,182

)

Balance at 31 July 2024

405

92,497

2,926,697

3,019,599

Changes in equity

Total comprehensive income

-

(182,797

)

-

(182,797

)

Balance at 31 January 2026

405

(90,300

)

2,926,697

2,836,802

Cash flows from operating activities

Cash generated from operations

1

4,534,732

1,998,672

Interest paid

(23,436

)

(33,340

)

Interest element of hire purchase payments paid

(863,942

)

(356,504

)

Net cash from operating activities

3,647,354

1,608,828

Cash flows from investing activities

Purchase of tangible fixed assets

(3,159,898

)

(3,167,932

)

Sale of tangible fixed assets

371,701

1,682,773

Sale of fixed asset investments

-

1,500,000

Net cash from investing activities

(2,788,197

)

14,841

Cash flows from financing activities

Capital repayments in year

(758,829

)

(328,311

)

Equity dividends paid

-

(1,500,000

)

Net cash from financing activities

(758,829

)

(1,828,311

)

Increase/(decrease) in cash and cash equivalents

100,328

(204,642

)

Cash and cash equivalents at beginning of period

2

(60,932

)

143,710

Cash and cash equivalents at end of period

2

39,396

(60,932

)

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

Period

1.8.24

to

Year Ended

31.1.26

31.7.24

£

£

Loss before taxation

(223,922

)

(550,240

)

Depreciation charges

2,061,761

1,123,263

(Profit)/loss on disposal of fixed assets

(39,001

)

67,239

Finance costs

887,378

389,844

2,686,216

1,030,106

Increase in inventories

(113,335

)

(629,495

)

Decrease in trade and other debtors

828,198

441,337

Increase in trade and other creditors

1,133,653

1,156,724

Cash generated from operations

4,534,732

1,998,672

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:

Period ended 31 January 2026

31.1.26

1.8.24

£

£

Cash and cash equivalents

39,396

(60,932

)

Year ended 31 July 2024

31.7.24

1.8.23

£

£

Cash and cash equivalents

(60,932

)

143,710

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1.8.24

Cash flow

At 31.1.26

£

£

£

Net cash

Cash at bank and in hand

(60,932

)

100,328

39,396

(60,932

)

100,328

39,396

Debt

Finance leases

(6,524,720

)

842,740

(5,681,980

)

Debts falling due within 1 year

(864,427

)

660,000

(204,427

)

(7,389,147

)

1,502,740

(5,886,407

)

Total

(7,450,079

)

1,603,068

(5,847,011

)

1.	STATUTORY INFORMATION

Recycled Roadways Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

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

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Motor Vehicles

20% Straight Line

Plant & Machinery

12% Straight Line

Fixtures, Fittings, Tools & Equipment

10% Straight Line

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Taxation

Taxation for the period 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 period 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.

Going concern

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

The directors have reviewed the company's financial position, cash flow forecasts and funding requirements for the foreseeable future. The company had net current liabilities of £1.138m at 31 January 2026 may require continued financial support in order to meet its obligations as they fall due. The directors have confirmed their intention to provide such financial support as may be necessary to enable the company to continue trading and to meet its liabilities for a period of at least 12 months from the date of approval of these financial statements. Based on the forecasts prepared and the continued financial support available from the directors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on the going concern basis.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortized cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortized cost determined using the effective interest method.

Leased assets

A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company’s policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

3.	EMPLOYEES AND DIRECTORS

Period

1.8.24

to

Year Ended

31.1.26

31.7.24

£

£

Wages and salaries

2,483,067

1,447,697

Social security costs

296,655

169,860

Other pension costs

40,002

70,337

2,819,724

1,687,894

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

Period

1.8.24

to

Year Ended

31.1.26

31.7.24

Average number of employees

29

26

Period

1.8.24

to

Year Ended

31.1.26

31.7.24

£

£

Directors' remuneration

59,474

1,644

4.	OPERATING PROFIT/(LOSS)

The operating profit (2024 - operating loss) is stated after charging/(crediting):

Period

1.8.24

to

Year Ended

31.1.26

31.7.24

£

£

Depreciation - owned assets

2,218,961

1,123,263

(Profit)/loss on disposal of fixed assets

(39,001

)

67,239

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

Period

1.8.24

to

Year Ended

31.1.26

31.7.24

£

£

Bank loan interest

23,436

33,340

Leasing

863,942

356,504

887,378

389,844

6.

TAXATION

Analysis of the tax credit

The tax credit on the loss for the period was as follows:

Period

1.8.24

to

Year Ended

31.1.26

31.7.24

£

£

Deferred tax

(41,125

)

(49,058

)

Tax on loss

(41,125

)

(49,058

)

7.

DIVIDENDS

Period

1.8.24

to

Year Ended

31.1.26

31.7.24

£

£

Ordinary Shares shares of 1 each

Final

-

1,500,000

8.	PRIOR YEAR ADJUSTMENT

In 2024, the shareholders transferred their shares in Recycled Roadways Ltd to Recycled Roadways Holdings Ltd. As consideration for the transfer, Recycled Roadways Holdings Ltd issued new shares to the shareholders.

Subsequently, Recycled Roadways Ltd made an in-specie distribution of its shares in KKB Prop Co to Recycled Roadways Holdings Ltd.

In the 2024 accounts, the above transactions were incorrectly accounted for. Accordingly, the comparative figures in these financial statements have been restated to correct those errors such that retained earnings were reduced by £1.5 million, the share premium account of £2.9 million was reinstated, and the directors' loan account creditor of £1.4 million was debited.

9.	RELATED PARTY TRANSACTIONS

The company entered into transactions with related parties under common control during the year. Transactions were undertaken in the normal course of business and on terms agreed between the parties.

Transactions During the Year

Related Party

Sales(£

)

Purchases(£

)

KKB Plant Services Ltd

518,609.60

6,016,410.69

KKB Fleet Services Ltd

18,668.71

661,625.17

KKB Prop Co Ltd

26,778.75

5,832.00

KKB Remediation Ltd

34,566.63

76,634.36

Total

598,623.69

6,760,802.22

Balances Outstanding at the Reporting Date

Related Party

Trade Debtors(£

)

Trade Creditors(£

)

KKB Plant Services Ltd

-

319,483.00

KKB Fleet Services Ltd

15,012.00

38,124.00

KKB Prop Co Ltd

147,592.00

5,832.00

KKB Remediation Ltd

167.00

24,294.00

Total

162,771.00

387,733.00

Other Related Party Balances

Related Party

Nature of Balance

Amount(£

)

KKB Prop Co Ltd

Loan Receivable

2,522,817.00

KKB Prop Co Ltd

Loan Payable

80,000.00

Net Receivables

2,442,817.00

Unless otherwise stated, outstanding balances are unsecured, interest-free and repayable on demand.

10.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 August 2024

9,956,326

-

-

9,956,326

Additions

3,073,650

60,000

26,248

3,159,898

Disposals

(332,700

)

-

-

(332,700

)

At 31 January 2026

12,697,276

60,000

26,248

12,783,524

DEPRECIATION

At 1 August 2024

2,345,340

-

-

2,345,340

Charge for period

2,217,524

1,000

437

2,218,961

Eliminated on disposal

(157,201

)

-

-

(157,201

)

At 31 January 2026

4,405,663

1,000

437

4,407,100

NET BOOK VALUE

At 31 January 2026

8,291,613

59,000

25,811

8,376,424

At 31 July 2024

7,610,986

-

-

7,610,986