ANCHOR GROUP SERVICES LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
Company Registration No. (England and Wales)
ANCHOR GROUP SERVICES LIMITED
COMPANY INFORMATION
Directors
Mr A W Harper
Mrs L Hiles
Company number
05992301
Registered office
Carlton House
Sandpiper Way
Chester Business Park
Chester
United Kingdom
CH4 9QE
Auditor
DSG Audit
Castle Chambers
43 Castle Street
Liverpool
L2 9TL
ANCHOR GROUP SERVICES LIMITED
CONTENTS
Page
Strategic report
1 - 2
Directors' report
3 - 4
Directors' responsibilities statement
5
Independent auditor's report
6 - 8
Group statement of comprehensive income
9
Group balance sheet
10
Company balance sheet
11
Group statement of changes in equity
12
Company statement of changes in equity
13
Group statement of cash flows
14
Notes to the financial statements
15 - 31
ANCHOR GROUP SERVICES LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 OCTOBER 2025
- 1 -

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

Principal activities

The principal activity of the company and group continued to be that of provider of security and cleaning services.

Review of the business

Anchor Security Services Limited has delivered a strong financial performance in 2025, reflecting the success of its strategic direction and operational resilience. The group has built on the foundations laid in 2023 and 2024, a period marked by investment and consolidation, to achieve significant growth across all service lines.

Financial Performance

The Group's turnover increased from £2 5.8 million in 202 4 to £31.1 million in 202 5, representing a robust 2 0.35% year-on-year growth. This growth has been consistent across all departments, with particularly strong contributions from technology-focused services. These services have not only driven revenue but also provided operational efficiencies that helped mitigate the impact of rising employer National Insurance costs.

Profitability has reduced in the year, with profit before tax being £697k in 2025 compared with £802 k in 2024.

Strategic progress

202 3 was identified as a year of strategic investment and consolidation, and the results in 2024 and 2025 validate that approach. Investments in digital infrastructure, workforce development, and service innovation have positioned the group to respond effectively to market demands and cost pressures.

The emphasis on technology integration has enhanced service delivery, improved client satisfaction, and opened new avenues for growth in security and facilities management solutions.

The outlook for the group remains positive, with growth trends continuing into the new financial year. The group is well-positioned to capitalise on emerging opportunities, particularly in sectors where integrated, techenabled services are in high demand. Continued focus on innovation, operational efficiency, and client-centric delivery will underpin future performance.

Principal risks and uncertainties

The directors consider that the group is well placed to meet future challenges. They have assessed what they considered to be the major risks that the group faces and are satisfied that adequate systems are in place to mitigate those risks. This assessment covered the normal risk areas expected for a group of this size and nature, including market competition and likely future market developments.

We have set out below a number of risk factors that we believe could cause our actual future results to differ materially from expected results. However, other factors could adversely affect the results and so the factors set out below should not be considered to be a complete set of all potential risks and uncertainties.

Business conditions and the general economy

The profitability of the group could be adversely affected by a worsening of general economic conditions in the United Kingdom. Factors such as unemployment, interest rates and inflation could significantly affect the sector. Whilst a short term worsening in the economic conditions in the United Kingdom should not significantly adversely impact profitability, a sustained downturn over a number of years would be likely to lead to reduced profit in this area.

ANCHOR GROUP SERVICES LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 2 -

Liquidity risk

The group manages its cash and borrowing requirements in order to maximise interest income and minimise interest expense, whilst ensuring the group has sufficient liquid resources to meet the operating needs of the business.

Interest rate risk

The group is expected to fair value interest rate risk on its fixed rate borrowings and cash flow interest rate risk on floating rate deposits, bank overdrafts and loans.

Credit risk

Investments of cash surpluses and borrowings are made through banks and companies which must fulfil credit rating criteria approved by the Board.

All customers who wish to trade on credit terms are subject to credit verification procedures. Trade debtors are monitored on an ongoing basis and provision is made for doubtful debts where necessary.

On behalf of the board

Mr A W Harper
Director
9 July 2026
ANCHOR GROUP SERVICES LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 OCTOBER 2025
- 3 -

The directors present their annual report and financial statements for the year ended 31 October 2025.

Results and dividends

The results for the year are set out on page 9.

Ordinary dividends were paid amounting to £268,515 (2024: £310,931).

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr A W Harper
Mrs L Hiles
Disabled persons

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

Employee involvement

The group's policy is to consult and discuss with employees, through unions, staff councils and at meetings, matters likely to affect employees' interests.

Information about matters of concern to employees is given through information bulletins and reports which seek to achieve a common awareness on the part of all employees of the financial and economic factors affecting the group's performance.

There is no employee share scheme at present, but the directors are considering the introduction of such a scheme as a means of further encouraging the involvement of employees in the company's performance.

Strategic report

The true group has chosen in accordance with Companies Act 2006, s. 414C(11) to set out in the group's strategic report information required by Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, Sch. 7 to be contained in the directors' report. It has done so in respect of the principal activities and financial instruments.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the auditor of the company is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the auditor of the company is aware of that information.

Medium-sized companies exemption

This report has been prepared in accordance with the provisions applicable to groups and companies entitled to the exemptions of the small companies regime.

ANCHOR GROUP SERVICES LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 4 -
On behalf of the board
Mr A W Harper
Director
9 July 2026
ANCHOR GROUP SERVICES LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 OCTOBER 2025
- 5 -

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

United Kingdom company law requires the directors to prepare financial statements for each financial year. Under that law, the directors have elected to prepare the group and parent company 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 group and parent company, and of the profit or loss of the group for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

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

- state whether applicable U nited K ingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

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

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and parent company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and parent 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 group and parent company, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ANCHOR GROUP SERVICES LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF ANCHOR GROUP SERVICES LIMITED
- 6 -
Opinion

We have audited the financial statements of Anchor Group Services Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 October 2025 which comprise the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the group's and the parent company's affairs as at 31 October 2025 and of the group's profit for the year then ended;

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

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

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent 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 group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

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

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. 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. 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 course of 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 our audit:

- T he information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- The strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

ANCHOR GROUP SERVICES LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF ANCHOR GROUP SERVICES LIMITED
- 7 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and their environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

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

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

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

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

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

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, 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 is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the group's and parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or parent company or to cease operations, or have no realistic alternative but to do so.

Auditor's 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 an auditor's report 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.

Discussions with and enquiries of management and those charged with governance were held with a view to identifying those laws and regulations that could be expected to have a material impact on the financial statements. During the engagement team briefing, the outcomes of these discussions and enquiries were shared with the team, as well as consideration as to where and how fraud may occur in the company.

The following laws and regulations were identified as being of significance to the entity:

- Those laws and regulations considered to have a direct effect on the financial statements include UK financial reporting standards, Company Law, Tax and Pensions legislation, and distributable profits legislation.

- Those laws and regulations for which non-compliance may be fundamental to the operating aspects of the business and therefore may have a material effect on the financial statements include environmental regulations, health and safety legislation, trades description act and employment legislation.

Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and non-compliance with laws and regulations) comprised of: enquiries of management and those charged with governance as to whether the company complies with such laws and regulations; enquiries with the same concerning any actual or potential litigation or claims; inspection of relevant legal correspondence; review of board minutes; testing the appropriateness of journal entries and the performance of analytical review to identify unexpected movements in account balances which may be indicative of fraud.

ANCHOR GROUP SERVICES LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF ANCHOR GROUP SERVICES LIMITED
- 8 -

No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the company’s controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK).

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the parent 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 parent company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the parent company and the parent company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Jean Ellis BA FCA CTA (Senior Statutory Auditor)
For and on behalf of DSG Audit, Statutory Auditor
Chartered Accountants
Castle Chambers
43 Castle Street
Liverpool
L2 9TL
9 July 2026
ANCHOR GROUP SERVICES LIMITED
GROUP STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 OCTOBER 2025
- 9 -
2025
2024
Notes
£
£
Turnover
3
31,099,879
25,840,058
Cost of sales
(22,543,683)
(17,911,611)
Gross profit
8,556,196
7,928,447
Administrative expenses
(7,580,048)
(6,881,400)
Operating profit
4
976,148
1,047,047
Interest payable and similar expenses
7
(278,842)
(244,808)
Profit before taxation
697,306
802,239
Tax on profit
8
(148,209)
(284,022)
Profit for the financial year
549,097
518,217
Profit for the financial year is all attributable to the owners of the parent company.
Total comprehensive income for the year is all attributable to the owners of the parent company.
ANCHOR GROUP SERVICES LIMITED
GROUP BALANCE SHEET
AS AT
31 OCTOBER 2025
31 October 2025
- 10 -
2025
2024
Notes
£
£
£
£
Fixed assets
Goodwill
10
3,000
4,000
Other intangible assets
10
1,112
3,340
Total intangible assets
4,112
7,340
Tangible assets
11
1,535,971
1,363,842
1,540,083
1,371,182
Current assets
Stocks
14
14,080
14,080
Debtors
15
9,173,016
7,421,966
Cash at bank and in hand
-
0
3
9,187,096
7,436,049
Creditors: amounts falling due within one year
16
(9,013,884)
(7,426,587)
Net current assets
173,212
9,462
Total assets less current liabilities
1,713,295
1,380,644
Creditors: amounts falling due after more than one year
17
(823,121)
(779,608)
Provisions for liabilities
Deferred tax liability
20
249,068
240,512
(249,068)
(240,512)
Net assets
641,106
360,524
Capital and reserves
Called up share capital
22
19,316
19,316
Capital redemption reserve
787
787
Other reserves
217,492
217,492
Profit and loss reserves
403,511
122,929
Total equity
641,106
360,524

These financial statements have been prepared in accordance with the provisions relating to medium-sized groups.

The financial statements were approved by the board of directors and authorised for issue on 9 July 2026 and are signed on its behalf by:
09 July 2026
Mr A W Harper
Director
Company registration number 05992301 (England and Wales)
ANCHOR GROUP SERVICES LIMITED
COMPANY BALANCE SHEET
AS AT 31 OCTOBER 2025
31 October 2025
- 11 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
12
20,213
20,213
Current assets
-
-
Creditors: amounts falling due within one year
16
(110)
(110)
Net current liabilities
(110)
(110)
Net assets
20,103
20,103
Capital and reserves
Called up share capital
22
19,316
19,316
Capital redemption reserve
787
787
Total equity
20,103
20,103

As permitted by section 408 of the Companies Act 2006, the c ompany has not presented its own profit and loss account and related notes. The c ompany’s profit for the year was £268,515 (2024 - £310,931 profit).

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The financial statements were approved by the board of directors and authorised for issue on 9 July 2026 and are signed on its behalf by:
09 July 2026
Mr A W Harper
Director
Company registration number 05992301 (England and Wales)
ANCHOR GROUP SERVICES LIMITED
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2025
- 12 -
Share capital
Capital redemption reserve
Other reserves
Profit and loss reserves
Total
Notes
£
£
£
£
£
Balance at 1 November 2023
19,316
787
217,492
(84,357)
153,238
Year ended 31 October 2024:
Profit and total comprehensive income
-
-
-
518,217
518,217
Dividends
9
-
-
-
(310,931)
(310,931)
Balance at 31 October 2024
19,316
787
217,492
122,929
360,524
Year ended 31 October 2025:
Profit and total comprehensive income
-
-
-
549,097
549,097
Dividends
9
-
-
-
(268,515)
(268,515)
Balance at 31 October 2025
19,316
787
217,492
403,511
641,106
ANCHOR GROUP SERVICES LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2025
- 13 -
Share capital
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 November 2023
19,316
787
-
0
20,103
Year ended 31 October 2024:
Profit and total comprehensive income for the year
-
-
310,931
310,931
Dividends
9
-
-
(310,931)
(310,931)
Balance at 31 October 2024
19,316
787
-
0
20,103
Year ended 31 October 2025:
Profit and total comprehensive income
-
-
268,515
268,515
Dividends
9
-
-
(268,515)
(268,515)
Balance at 31 October 2025
19,316
787
-
0
20,103
ANCHOR GROUP SERVICES LIMITED
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 OCTOBER 2025
- 14 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
27
1,320,887
855,202
Interest paid
(278,842)
(244,808)
Income taxes (paid)/refunded
(224,485)
21,825
Net cash inflow from operating activities
817,560
632,219
Investing activities
Purchase of tangible fixed assets
(211,977)
(519,417)
Repayment of loans
(55,493)
(147,610)
Net cash used in investing activities
(267,470)
(667,027)
Financing activities
Proceeds from new bank loans
-
500,000
Repayment of bank loans
(94,514)
(15,555)
Payment of finance leases obligations
(182,136)
(143,027)
Dividends paid to equity shareholders
(268,515)
(310,931)
Net cash (used in)/generated from financing activities
(545,165)
30,487
Net increase/(decrease) in cash and cash equivalents
4,925
(4,321)
Cash and cash equivalents at beginning of year
(14,911)
(10,590)
Cash and cash equivalents at end of year
(9,986)
(14,911)
Relating to:
Cash at bank and in hand
-
3
Bank overdrafts included in creditors payable within one year
(9,986)
(14,914)
ANCHOR GROUP SERVICES LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
- 15 -
1
Accounting policies
Company information

Anchor Group Services Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is Carlton House, Sandpiper Way, Chester Business Park, Chester, United Kingdom, CH4 9QE.

The group consists of Anchor Group Services Limited and all of its subsidiaries.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

The company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements for parent company information presented within the consolidated financial statements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

- Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

1.2
Business combinations

In the parent company financial statements, t he cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. I nvestments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

Deferred tax is recognised on differences between the value of assets (other than goodwill) and liabilities recognised in a business combination accounted for using the purchase method and the amounts that can be deducted or assessed for tax, considering the manner in which the carrying amount of the asset or liability is expected to be recovered or settled. The deferred tax recognised is adjusted against goodwill or negative goodwill.

ANCHOR GROUP SERVICES LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 16 -
1.3
Basis of consolidation

The consolidated group financial statements consist of the financial statements of the parent company Anchor Group Services Limited together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.

All financial statements are made up to 31 October 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the g roup.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.

1.4
Going concern

The financial statements have been prepared on the going concern basis of accounting.

In determining the appropriateness of this basis, the directors have reviewed the groups current financial position, future trading forecasts and expected cash flows for a period of at least twelve months from the date of approval of these financial statements. The directors have considered the groups profitability, available cash resources, working capital requirements and existing financing arrangements.

The group remained profitable during the year and, at the balance sheet date, had a positive net asset position. Forecasts prepared by management indicate that the group is expected to continue to generate sufficient profits and cash flows to meet its liabilities as they fall due and to maintain adequate levels of working capital throughout the assessment period.

The directors have also considered the principal risks and uncertainties facing the business and are satisfied that the group has sufficient financial resources and operational flexibility to manage these risks effectively. Based on this assessment, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future.

Accordingly, the directors continue to adopt the going concern basis of accounting in preparing these financial statements.

1.5
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Income from car parking activity is recognised on receipt of settlement of parking tickets and management

fees with adjustment made on amounts outstanding at the period end to reflect expected recoverable amounts

and recovery rates based on current and historic settlements.

ANCHOR GROUP SERVICES LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 17 -
1.6
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of a business over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.7
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software
20% on cost
1.8
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Office equipment
20% on cost
Fixtures and fittings
10% and 20% on cost
Computers
20% on cost
Motor vehicles
20% and 33% on cost
Site equipment
20% and 33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

1.9
Fixed asset investments

Equity in vest ments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

I n the parent company financial statements, investments in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

ANCHOR GROUP SERVICES LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 18 -
1.10
Impairment of fixed assets

At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.11
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

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 losses are also recognised in profit or loss.

1.12
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.13
Financial instruments

The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally 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.

ANCHOR GROUP SERVICES LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 19 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest m ethod unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group 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 asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and loans from fellow group companies, 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 paymen ts 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. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

1.14
Equity instruments

Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.

ANCHOR GROUP SERVICES LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 20 -
1.15
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.16
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.17
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.18
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

ANCHOR GROUP SERVICES LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 21 -
1.19

Parking ticket provision

Revenue in respect of parking charge notices is recognised when the notice is issued.

Trade receivables arising from parking charges are measured at amortised cost less impairment. An impairment loss is recognised where there is objective evidence that the company will not be able to collect all amounts due.

The impairment is measured as the difference between the carrying amount of the receivable and the present value of estimated future cash flows, with account taken of historical collection rates, settlement discounts, cancellations and disputes.

2
Judgements and key sources of estimation uncertainty

In the application of the group’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 estimates.

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.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Determining and reassessing residual values and useful economic lives of tangible assets

The group depreciates tangible assets, over their estimated useful lives. In determining appropriate useful lives of assets, the directors have considered historic performance as well as future expectations for factors such as expected usage of the asset, physical wear and tear, technical and commercial obsolescence and legal limitations of the usage of the asset, such as lease terms. The actual lives of these assets can vary depending on a variety of factors, including technological innovation, product life cycles and maintenance programmes.

Judgement is applied to determine the residual values for tangible assets. When determining the residual values, the directors have assessed the amount that the group would currently obtain for the disposal of the asset, if it were already of the condition expected at the end of its useful economic life. At each reporting date, the directors have also assessed whether there have been any indicators, such as a change in how the asset is used, significant unexpected wear and tear and changes in market prices, which suggest previous estimates may differ from current expectations. Where this is the case, the residual value and/or useful life is amended and accounted for on a prospective basis.

3
Turnover
2025
2024
£
£
Turnover analysed by class of business
Security and related activities
16,002,541
12,579,579
Car Parking income
5,313,071
4,485,620
Cleaning services
9,784,267
8,774,859
31,099,879
25,840,058
ANCHOR GROUP SERVICES LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
3
Turnover
(Continued)
- 22 -
2025
2024
£
£
Turnover analysed by geographical market
United Kingdom
31,099,879
25,840,058
4
Operating profit
2025
2024
£
£
Operating profit for the year is stated after charging:
Auditors' remuneration
17,980
17,125
Depreciation of tangible fixed assets
495,058
458,346
(Profit)/loss on disposal of tangible fixed assets
-
3,660
Amortisation of intangible assets
3,228
4,080
5
Employees

The average monthly number of persons (including directors) employed by the group and company during the year was:

Group
Company
2025
2024
2025
2024
Number
Number
Number
Number
Directors
2
2
-
-
Administrators
50
40
-
-
Security guards
428
348
-
-
Cleaners
427
407
-
-
Total
907
797
0
0

Their aggregate remuneration comprised:

Group
Company
2025
2024
2025
2024
£
£
£
£
Wages and salaries
22,013,370
17,977,055
-
0
-
0
Social security costs
2,269,006
1,416,586
-
-
Pension costs
341,419
285,910
-
0
-
0
24,623,795
19,679,551
-
0
-
0
ANCHOR GROUP SERVICES LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 23 -
6
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
535,204
-
Company pension contributions to defined contribution schemes
4,255
-
539,459
-
Remuneration disclosed above includes the following amounts paid to the highest paid director:
2025
2024
£
£
Remuneration for qualifying services
267,870
-
Company pension contributions to defined contribution schemes
806
-
As total directors' remuneration was less than £200,000 in the prior year, no disclosure is provided for that year.
7
Interest payable and similar expenses
2025
2024
£
£
Interest on bank overdrafts and loans
46,259
18,860
Interest on invoice finance arrangements
185,736
192,591
Interest on finance leases and hire purchase contracts
46,847
33,357
Total finance costs
278,842
244,808
8
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
141,679
181,278
Adjustments in respect of prior periods
(2,026)
1,606
Total current tax
139,653
182,884
Deferred tax
Origination and reversal of timing differences
8,556
101,138
Total tax charge
148,209
284,022
ANCHOR GROUP SERVICES LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
8
Taxation
(Continued)
- 24 -

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
697,306
802,239
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
174,327
200,560
Tax effect of expenses that are not deductible in determining taxable profit
14,210
13,773
Adjustments in respect of prior years
(2,026)
2,129
Permanent capital allowances in excess of depreciation
(41,721)
67,560
Depreciation on assets not qualifying for tax allowances
10,311
-
0
(6,892)
-
0
Taxation charge
148,209
284,022
9
Dividends
2025
2024
Recognised as distributions to equity holders:
£
£
Final paid
268,515
310,931
10
Intangible fixed assets
Group
Goodwill
Software
Total
£
£
£
Cost
At 1 November 2024 and 31 October 2025
81,219
11,138
92,357
Amortisation and impairment
At 1 November 2024
77,219
7,798
85,017
Amortisation charged for the year
1,000
2,228
3,228
At 31 October 2025
78,219
10,026
88,245
Carrying amount
At 31 October 2025
3,000
1,112
4,112
At 31 October 2024
4,000
3,340
7,340
The company had no intangible fixed assets at 31 October 2025 or 31 October 2024.
ANCHOR GROUP SERVICES LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 25 -
11
Tangible fixed assets
Group
Office equipment
Fixtures and fittings
Computers
Motor vehicles
Site equipment
Total
£
£
£
£
£
£
Cost
At 1 November 2024
69,510
606,746
361,669
461,870
1,495,533
2,995,328
Additions
1,330
51,616
12,912
45,250
556,079
667,187
At 31 October 2025
70,840
658,362
374,581
507,120
2,051,612
3,662,515
Depreciation and impairment
At 1 November 2024
43,292
303,098
309,740
191,536
783,820
1,631,486
Depreciation charged in the year
6,029
62,428
21,061
113,532
292,008
495,058
At 31 October 2025
49,321
365,526
330,801
305,068
1,075,828
2,126,544
Carrying amount
At 31 October 2025
21,519
292,836
43,780
202,052
975,784
1,535,971
At 31 October 2024
26,218
303,648
51,929
270,334
711,713
1,363,842
The company had no tangible fixed assets at 31 October 2025 or 31 October 2024.

Included within tangible fixed assets are assets held under finance leases or hire purchase contracts, as follows:

Group
Company
2025
2024
2025
2024
£
£
£
£
Fixtures and fittings
176,106
206,083
-
0
-
0
Motor vehicles
188,023
247,040
-
0
-
0
Site equipment
366,006
59,724
-
-
730,135
512,847
-
-
12
Fixed asset investments
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Investments in subsidiaries
13
-
0
-
0
20,213
20,213
ANCHOR GROUP SERVICES LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
12
Fixed asset investments
(Continued)
- 26 -
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 1 November 2024 and 31 October 2025
20,213
Carrying amount
At 31 October 2025
20,213
At 31 October 2024
20,213
13
Subsidiaries

Details of the company's subsidiaries at 31 October 2025 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Anchor Security Services Limited
Carlton House Sandpiper Way, Chester Business Park, Chester, United Kingdom, CH4 9QE
Ordinary
100.00
Anchor Cleaning Services Limited
Carlton House Sandpiper Way, Chester Business Park, Chester, United Kingdom, CH4 9QE
Ordinary
100.00
14
Stocks
Group
Company
2025
2024
2025
2024
£
£
£
£
Finished goods and goods for resale
14,080
14,080
-
0
-
0
ANCHOR GROUP SERVICES LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 27 -
15
Debtors
Group
Company
2025
2024
2025
2024
Amounts falling due within one year:
£
£
£
£
Trade debtors
5,368,467
4,510,750
-
0
-
0
Other debtors
343,568
362,380
-
0
-
0
Prepayments and accrued income
3,460,981
2,538,389
-
0
-
0
9,173,016
7,411,519
-
-
Amounts falling due after more than one year:
Prepayments and accrued income
-
0
10,447
-
0
-
0
Total debtors
9,173,016
7,421,966
-
-

The trade debtors balance includes £5,368,467 (2024: £4,510,750) which is covered by an invoice discounting arrangement. These assets have not been derecognised from the balance sheet because the company remains ultimately responsible for any unpaid balances, so the directors consider significant risks to have been retained.

Amounts owed by group undertakings are interest free, have no fixed date of repayment and are repayable upon demand.

Prepayments and accrued income includes amounts of £2,731,760 (2024: £1,813,153) recoverable in relation to parking tickets, the carrying value of which is based on the number of unsettled tickets at the year-end using current and historic recovery rates, and guidance provided by debt recovery specialists.

16
Creditors: amounts falling due within one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans and overdrafts
18
105,605
109,134
-
0
-
0
Obligations under finance leases
19
278,484
144,836
-
0
-
0
Trade creditors
936,527
1,004,671
-
0
-
0
Amounts owed to group undertakings
-
0
-
0
110
110
Corporation tax payable
141,679
226,511
-
0
-
0
Other taxation and social security
2,008,361
1,483,235
-
0
-
0
Other creditors
4,933,161
3,829,017
-
0
-
0
Accruals and deferred income
610,067
629,183
-
0
-
0
9,013,884
7,426,587
110
110

Included within other creditors is £3,270,114 (2024: £2,423,036) which is secured by a fixed and floating charge over the undertakings property and assets.

ANCHOR GROUP SERVICES LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 28 -
17
Creditors: amounts falling due after more than one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans and overdrafts
18
318,578
414,491
-
0
-
0
Obligations under finance leases
19
504,543
365,117
-
0
-
0
823,121
779,608
-
-
18
Loans and overdrafts
Group
Company
2025
2024
2025
2024
£
£
£
£
Bank loans
414,197
508,711
-
0
-
0
Bank overdrafts
9,986
14,914
-
0
-
0
424,183
523,625
-
-
Payable within one year
105,605
109,134
-
0
-
0
Payable after one year
318,578
414,491
-
0
-
0

The bank overdraft is secured via an unscheduled Mortgage Debenture dated 20 January 1993 incorporating a fixed and floating charge over all current and future assets of the company.

There is a cross guarantee between Anchor Group Services Limited, Anchor Security Services Limited and Anchor Cleaning Services Limited dated 17 September 2010.

Included in bank loans is £2,970 (2024: £10,353) in respect of a Coronavirus Bounce Bank Loan. This loan has been repaid in full post year end.

During the previous year, the company received a bank loan for £500,000 to assist with the Companies' growth. As at 31 October 2025, the balance included in bank loans is £411,277 (2024: £495,094). The loan is to be repaid over five years and is secured via a fixed and floating charge over all current and future assets of the company, dated 3 July 2024. Interest is charged on the loan at 10% per annum.

19
Finance lease obligations
Group
Company
2025
2024
2025
2024
Amounts due:
£
£
£
£
Current liabilities
278,484
144,836
-
0
-
0
Non-current liabilities
504,543
365,117
-
0
-
0
783,027
509,953
-
-
ANCHOR GROUP SERVICES LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
19
Finance lease obligations
(Continued)
- 29 -
Group
Company
2025
2024
2025
2024
£
£
£
£
Future minimum lease payments due under finance leases:
Within one year
346,005
190,344
-
0
-
0
In two to five years
583,163
454,296
-
0
-
0
929,168
644,640
-
-
Less: future finance charges
(146,141)
(134,687)
-
0
-
0
783,027
509,953
-
0
-
0

Finance lease payments represent rentals payable by the company for certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is three years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

The finance liabilities are secured on the fixed assets acquired.

20
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:

Liabilities
Liabilities
2025
2024
Group
£
£
Accelerated capital allowances
249,068
240,512
The company has no deferred tax assets or liabilities.
Group
Company
2025
2025
Movements in the year:
£
£
Liability at 1 November 2024
240,512
-
Charge to profit or loss
8,556
-
Liability at 31 October 2025
249,068
-

The deferred tax liability set out above is expected to reverse within 12 months and relates to accelerated capital allowances that are expected to mature within the same period.

ANCHOR GROUP SERVICES LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 30 -
21
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
341,419
285,910

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.

22
Share capital
Group and company
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
18,869
18,869
18,869
18,869
A Ordinary shares of £1 each
447
447
447
447
19,316
19,316
19,316
19,316
23
Operating lease commitments
As lessee

At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Group
Company
2025
2024
2025
2024
£
£
£
£
Within 1 year
81,575
65,260
-
-
Years 2-5
183,544
212,095
-
-
265,119
277,355
-
-
24
Related party transactions

The company has taken advantage of the exemption under FRS 102 not to disclose transactions between group entities on the grounds that it is a wholly-owned subsidiary undertaking.

25
Directors' transactions

Dividends totalling £268,515 (2024 - £310,931) were paid in the year in respect of shares held by the company's directors.

Advances or credits have been granted by the group to its directors as follows:

ANCHOR GROUP SERVICES LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
25
Directors' transactions
(Continued)
- 31 -
Loans
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Directors Loan Account
269,589
328,544
(274,202)
323,931
269,589
328,544
(274,202)
323,931
26
Controlling party

The ultimate controlling party is deemed to be Mr A W Harper, by virtue of his majority shareholding in the company.

27
Cash generated from group operations
2025
2024
£
£
Profit after taxation
549,097
518,217
Adjustments for:
Taxation charged
148,209
284,022
Finance costs
278,842
244,808
(Gain)/loss on disposal of tangible fixed assets
-
3,660
Amortisation and impairment of intangible assets
3,228
4,080
Depreciation and impairment of tangible fixed assets
495,058
458,346
Movements in working capital:
Increase in debtors
(1,695,557)
(1,033,322)
Increase in creditors
1,542,010
375,391
Cash generated from operations
1,320,887
855,202
28
Analysis of changes in net debt - group
1 November 2024
Cash flows
New finance leases
31 October 2025
£
£
£
£
Cash at bank and in hand
3
(3)
-
-
Bank overdrafts
(14,914)
4,928
-
(9,986)
(14,911)
4,925
-
(9,986)
Borrowings excluding overdrafts
(508,711)
94,514
-
(414,197)
Obligations under finance leases
(509,953)
182,136
(455,210)
(783,027)
(1,033,575)
281,575
(455,210)
(1,207,210)
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