REGISTERED NUMBER: 02098515 (England and Wales)

Strategic Report, Report of the Directors and

Audited Financial Statements for the Year Ended 31 December 2025

for

Access Platform Sales Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Statement of Comprehensive Income

10

Balance Sheet

11

Statement of Changes in Equity

12

Notes to the Financial Statements

13

DIRECTORS:

C W Banks

A D Jennings

K B J Shadbolt

S R Couling

J I Daintith

A D Bray

REGISTERED OFFICE:

Leewood Business Park

Upton

Huntingdon

Cambridgeshire

PE28 5YQ

REGISTERED NUMBER:

02098515 (England and Wales)

AUDITORS:

D.R.E. & Co. (Audit) Limited

7 Lower Brook Street

Oswestry

Shropshire

SY11 2HG

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

The company has chosen, in accordance with s414C(11) of the Companies Act, to set out in the company's strategic report information regarding the review of business, a description of the principal risks and uncertainties facing the company.

REVIEW OF BUSINESS

The financial year ended 2025 represented the first year of a strategic development programme aimed at strengthening the Company's market position, improving operational efficiency and building a platform for sustainable long-term growth.

The loss of the LGMG UK distribution agreement resulted in turnover dropping by 36 % from 28 Mill to £17.8 Mill. This delivered a loss of -£181,712, after taxation. Sales of other products within the company's portfolio exceeded the previous years levels and overall margins improved by 2.7% to 17.25%.

The Directors continued to maintain a disciplined approach to cost control whilst making targeted investments in systems, digital capability and service infrastructure to support future growth.

A comprehensive review of the Company's market positioning, operational processes and customer engagement model was undertaken during the year. This work enabled the business to refine its strategic focus and identify opportunities to strengthen its offering across both equipment sales and aftermarket services.

Operational efficiency was a key priority during the year. A review of internal processes identified opportunities to streamline operations through improved systems integration, automation of certain administrative tasks and more structured operational workflows. The Company also continued to invest in employee training and development in order to strengthen internal capability and support future expansion.

The Directors recognise that strong aftercare capability is a key differentiator in the capital equipment market. During the year the Company began strengthening its parts, service and maintenance offering in order to increase recurring revenue streams and enhance customer satisfaction. Initiatives included improving parts stock availability, developing more structured parts replenishment processes and expanding service capacity, with particular focus on the growth of service and maintenance contracts.

The Company also undertook a review of its strategic distribution relationships in order to ensure long-term resilience and support the next phase of growth. This included identifying potential new partnerships while mitigating any potential revenue impact associated with changes to existing commercial arrangements.

PRINCIPAL RISKS AND UNCERTAINTIES

The company faces a range of risks and uncertainties as part of its day to day operations. Significant risk factors identified include:

- Potential changes in distribution policy by principal suppliers.

In order to combat this threat, the company is continuing to develop closer relationships with manufacturers for whom distribution agreements are already in place as well as seeking new opportunities.

The company's principal financial assets are stock, bank balances and cash, trade and other receivables, and investments. The company's credit risk is primarily attributable to its trade receivables. The amounts presented in the accounts are net of allowances for doubtful receivables.

The company has no significant concentration of credit risk, with exposure spread over a large number of customers.

In order to maintain liquidity and to ensure that sufficient funds are available for ongoing operations and future developments, the company continues to use an invoice discounting facility with BNP Commercial Finance.

ON BEHALF OF THE BOARD:

A D Jennings - Director

15 June 2026

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the sale of hydraulic access platforms and materials handling equipment and associated support services.

DIVIDENDS

No dividends were paid in the year (2024: £250,000).

FUTURE DEVELOPMENTS

The Directors remain confident in the long-term prospects for the business. The strategic initiatives implemented during 2025 have established a strong operational and commercial platform from which the Company can pursue further growth.

Key priorities for the coming year include expanding the Company's product portfolio, strengthening relationships with key manufacturing partners and further developing digital marketing capabilities to target sector-specific end users.

In addition, the Directors intend to re-establish the PSR brand to support national aftermarket activities, with a new subsidiary expected to commence trading during 2026.

These initiatives are expected to support continued growth in both equipment sales and aftermarket revenues, while strengthening the Company's position within the specialist working-at-height sector.

DIRECTORS

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

C W Banks

A D Jennings

K B J Shadbolt

S R Couling

J I Daintith

Other changes in directors holding office are as follows:

Ms H L Treggalles - resigned 14 July 2025

A D Bray - appointed 7 July 2025

S Paver ceased to be a director after 31 December 2025 but prior to the date of this report.

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). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

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

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

AUDITORS

The auditors, D.R.E. & Co. (Audit) Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

A D Jennings - Director

15 June 2026

Opinion

We have audited the financial statements of Access Platform Sales Limited (the 'company') for the year ended 31 December 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and 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 loss 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 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.

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

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

-we identified the laws and regulations applicable to the company through discussions with directors and other

management, and from our commercial knowledge and experience of the client's operating sector;

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

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

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

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

-making enquiries of management as to their knowledge of actual, suspected and alleged fraud; and

-reviewing the client's system notes and internal controls.

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

-performed analytical procedures to identify any unusual or unexpected relationships;

-tested journal entries to identify unusual transactions;

-assessed whether judgements and assumptions made in determining the accounting estimates set out in note 2 were indicative of potential bias;

-investigated the rationale behind significant or unusual transactions.

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

-agreeing financial statement disclosures to underlying supporting documentation;

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

- reviewing correspondence with HMRC.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

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

Use of our report

This report is made solely to the company's shareholders, 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 shareholders 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 shareholders as a body, for our audit work, for this report, or for the opinions we have formed.

Aled Davies F.C.C.A (Senior Statutory Auditor)

for and on behalf of D.R.E. & Co. (Audit) Limited

7 Lower Brook Street

Oswestry

Shropshire

SY11 2HG

15 June 2026

TURNOVER

3

17,829,811

28,004,043

Cost of sales

14,754,215

23,940,674

GROSS PROFIT

3,075,596

4,063,369

Distribution costs

1,400,107

1,766,617

Administrative expenses

1,773,297

1,549,119

3,173,404

3,315,736

OPERATING (LOSS)/PROFIT

5

(97,808

)

747,633

Interest receivable and similar income

2,948

-

(94,860

)

747,633

Interest payable and similar expenses

6

127,486

459,982

(LOSS)/PROFIT BEFORE TAXATION

(222,346

)

287,651

Tax on (loss)/profit

7

(40,634

)

83,550

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(181,712

)

204,101

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(181,712

)

204,101

FIXED ASSETS

Intangible assets

9

-

-

Tangible assets

10

840,795

868,996

840,795

868,996

CURRENT ASSETS

Stocks

11

6,460,246

4,375,366

Debtors

12

3,602,604

6,402,430

Cash at bank and in hand

210,165

352,893

10,273,015

11,130,689

CREDITORS

Amounts falling due within one year

13

7,379,830

8,091,655

NET CURRENT ASSETS

2,893,185

3,039,034

TOTAL ASSETS LESS CURRENT LIABILITIES

3,733,980

3,908,030

PROVISIONS FOR LIABILITIES

17

182,645

174,983

NET ASSETS

3,551,335

3,733,047

CAPITAL AND RESERVES

Called up share capital

18

10,000

10,000

Capital redemption reserve

19

50

50

Retained earnings

19

3,541,285

3,722,997

SHAREHOLDERS' FUNDS

3,551,335

3,733,047

The financial statements were approved by the Board of Directors and authorised for issue on 15 June 2026 and were signed on its behalf by:

A D Jennings - Director

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 January 2024

10,000

3,768,896

50

3,778,946

Changes in equity

Dividends

-

(250,000

)

-

(250,000

)

Total comprehensive income

-

204,101

-

204,101

Balance at 31 December 2024

10,000

3,722,997

50

3,733,047

Changes in equity

Total comprehensive income

-

(181,712

)

-

(181,712

)

Balance at 31 December 2025

10,000

3,541,285

50

3,551,335

1.	STATUTORY INFORMATION

Access Platform Sales 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.

The presentation currency of the financial statements is Pound Sterling (£), rounded to the nearest £1.

The financial statements are for the individual entity only.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows.

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.

Significant judgements and estimates

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

The company makes estimates of the recoverable value of trade debtors. When assessing impairment of trade debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.

The company makes an estimate of the warranty provision required. When assessing the provision management consider factors including the previous history if claims and current sales which are eligible.

Turnover

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

Revenue Recognition

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less accumulated amortisation and any accumulated impairment losses.

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.

Improvements to property

-

33% on cost and 10% on cost

Plant and machinery

-

33% on cost, 25% on cost, 20% on cost, 15% on cost, 12.5% on cost and Straight line over 6 years

Fixtures and fittings

-

50% on cost, 33% on cost and 25% on cost

Motor vehicles

-

25% on cost, 20% on cost and 12.5% on cost

Stocks

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

Stock is valued on the first in first out basis.

Financial instruments

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs, and then subsequently measured at amortised cost. Financial assets classified as receivable within one year are not amortised. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the society transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the assets has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities, including creditors and loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Financial liabilities are derecognised when the society's contractual obligations expire or are discharged or cancelled.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

Research and development

Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development expenditure is written off in the same way unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period during which the company is expected to benefit.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits

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

3.

TURNOVER

The turnover and loss (2024 - profit) before taxation are attributable to the one principal activity of the company.

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

31.12.25

31.12.24

£

£

Sale of goods

16,874,343

26,951,462

Rendering of services

955,468

1,052,581

17,829,811

28,004,043

4.	EMPLOYEES AND DIRECTORS

31.12.25

31.12.24

£

£

Wages and salaries

1,725,407

1,706,776

Social security costs

232,379

208,963

Other pension costs

95,089

84,181

2,052,875

1,999,920

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

31.12.25

31.12.24

Directors

8

8

Administration

4

4

Production and sales

28

26

40

38

31.12.25

31.12.24

£

£

Directors' remuneration

474,579

639,419

Directors' pension contributions to money purchase schemes

29,289

34,597

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

Money purchase schemes

7

7

Information regarding the highest paid director is as follows:

31.12.25

31.12.24

£

£

Emoluments etc

88,358

138,736

Pension contributions to money purchase schemes

5,500

8,569

5.	OPERATING (LOSS)/PROFIT

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

31.12.25

31.12.24

£

£

Depreciation - owned assets

296,414

262,395

Depreciation - assets on hire purchase contracts

-

84,872

Profit on disposal of fixed assets

(36,658

)

(21,884

)

Auditors' remuneration

8,500

8,500

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

31.12.25

31.12.24

£

£

Bank interest

119,490

372,131

Provision for interest

-

71,948

Interest payable

-

2,059

Hire purchase

7,996

13,844

127,486

459,982

7.

TAXATION

Analysis of the tax (credit)/charge

The tax (credit)/charge on the loss for the year was as follows:

31.12.25

31.12.24

£

£

Current tax:

UK corporation tax

-

137,872

Adjustment to prior year

(48,296

)

-

Total current tax

(48,296

)

137,872

Deferred tax

7,662

(54,322

)

Tax on (loss)/profit

(40,634

)

83,550

Reconciliation of total tax (credit)/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:

31.12.25

31.12.24

£

£

(Loss)/profit before tax

(222,346

)

287,651

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

(55,587

)

71,913

Effects of:

Expenses not deductible for tax purposes

-

17,987

Depreciation in excess of capital allowances

7,291

47,722

Capital gain

-

250

Deferred tax

7,662

(54,322

)

Total tax (credit)/charge

(40,634

)

83,550

8.

DIVIDENDS

31.12.25

31.12.24

£

£

Ordinary A shares of £1 each

Interim

-

127,500

Ordinary B shares of £1 each

Interim

-

122,500

-

250,000

9.	INTANGIBLE FIXED ASSETS

Development

Goodwill

costs

Totals

£

£

£

COST

At 1 January 2025

and 31 December 2025

12,294

30,000

42,294

AMORTISATION

At 1 January 2025

and 31 December 2025

12,294

30,000

42,294

NET BOOK VALUE

At 31 December 2025

-

-

-

At 31 December 2024

-

-

-

10.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2025

194,018

1,310,604

14,934

734,452

2,254,008

Additions

-

147,619

21,484

135,763

304,866

Disposals

-

(605,291

)

-

(126,136

)

(731,427

)

At 31 December 2025

194,018

852,932

36,418

744,079

1,827,447

DEPRECIATION

At 1 January 2025

114,054

967,334

14,934

288,690

1,385,012

Charge for year

19,404

149,117

-

127,893

296,414

Eliminated on disposal

-

(591,628

)

-

(103,146

)

(694,774

)

At 31 December 2025

133,458

524,823

14,934

313,437

986,652

NET BOOK VALUE

At 31 December 2025

60,560

328,109

21,484

430,642

840,795

At 31 December 2024

79,964

343,270

-

445,762

868,996

Fixed assets, included in the above, which are held under hire purchase contracts amount to £nil (2024 £42,617).

11.

STOCKS

31.12.25

31.12.24

£

£

Stocks

6,460,246

4,375,366