REGISTERED NUMBER: 02489536 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

CLOSOMAT 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

Cash Flow Statement

13

Notes to the Cash Flow Statement

14

Notes to the Financial Statements

15

DIRECTORS:

Ms A Entwistle

Mr I Tomlinson

Mr K B Alderson

Mrs L E Willan

Mrs T A Worrall

Mr R J Willan

Miss J G E Willan

REGISTERED OFFICE:

Suite B

4th Floor Jackson House

Sibson Road

Sale

Cheshire

M33 7RR

REGISTERED NUMBER:

02489536 (England and Wales)

AUDITORS:

Harold Sharp Limited

Statutory Auditors and Chartered Accountants

5 Brooklands Place

Brooklands Road

Sale

Cheshire

M33 3SD

The directors present their strategic report on the company for the year ended 31 March 2026.

REVIEW OF THE BUSINESS

This report aims to present a balanced view of the development and the performance of the company.

PRINCIPAL ACTIVITIES

The principal activities of the company are the distribution and servicing of Closomat wash/dry toilets and associated equipment. The company is committed to the provision of innovative healthcare products together with outstanding customer service and support with the objective of creating a better quality of life.

RESULTS AND DIVIDENDS

Closomat Limited continued to trade successfully through a period of market volatility and cost base challenges.

Ordinary dividends were paid during the year of £395,907 (2025: £1,765,239).

FUTURE DEVELOPMENTS AND INVESTMENT

The company will continue to invest in the continuous improvement of its existing products and in the development of new innovative products to facilitate sales growth, long term sustainability and efficiency gains across a range of market sectors. This ongoing investment will ensure the company provides ever increasing levels of product quality, performance, customer service and satisfaction.

Cyber security continues to be a focus for investment and is integrated into the organisation wide governance frameworks, including strategy, risk management processes and compliance and audit procedures.

FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES

Effective working capital management is a priority to ensure the associated risks are controlled and balanced against the challenging market environment in which we operate.

The main financial risks facing the company are those relating to liquidity, foreign currency exchange and credit exposure. The director's policy agreed for managing these financial risks remain unchanged and are summarised below:

Liquidity risk

The company finances its operations through retained profits and has sufficient available funds for its current operations and future planned expansion.

Currency risk

The company is exposed to transaction and translation foreign exchange risk. In relation to translation risk, as far as possible, foreign purchases are offset by foreign receipts.

Credit risk

The company mitigates credit risk by continually assessing new and existing customers and using credit reference agencies.

NON - FINANCIAL RISKS AND UNCERTAINTIES

The management of the business and the execution of the company's strategy are subject to several risks. The key business risks and uncertainties affecting the company are considered to relate to a certain level of dependence on our National Social Care funding for disabled facility grants and in addition, the company's ability to maintain adequate continuity of supply chain within the context of global uncertainties on raw material availability and demand.

NON-FINANCIAL PERFORMANCE INDICATORS

The company's key non-financial indicators are those related to employee health, safety and well-being, training, development, quality, community, and customer satisfaction. The company and our employees continue to support a wide variety of community projects.

SUPPLIERS

The company commits to regular engagement and collaboration with our supply chain and are committed to paying in line with supplier payment terms.

OUR COMMITMENT TO THE ENVIRONMENT

Corporate objectives continue to focus on doing the right thing for our community and the environment in everything we do, we have significantly reduced paper and plastic usage throughout both manufacturing and office activities and continue to find ways of 'recycling and reusing'.

ON BEHALF OF THE BOARD:

Mrs T A Worrall - Director

25 June 2026

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

DIVIDENDS

Details of dividends are set out in the notes to the financial statements.

DIRECTORS

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

Ms A Entwistle

Mr I Tomlinson

Mr K B Alderson

Mrs L E Willan

Mrs T A Worrall

Mr R J Willan

Miss J G E Willan

DIRECTORS' INDEMNITIES

The company has made qualifying third party provisions for the benefit of its directors which remain in force at the date of this report.

DISCLOSURE IN THE STRATEGIC REPORT

The company has chosen to set out information in respect of financial risk management and future developments in its strategic 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), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

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

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

ON BEHALF OF THE BOARD:

Mrs T A Worrall - Director

25 June 2026

Opinion

We have audited the financial statements of Closomat Limited (the 'company') for the year ended 31 March 2026 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 March 2026 and of its profit for the year then ended;

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

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

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

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

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Matters on which we are required to report by exception

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

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

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

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

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

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

Responsibilities of directors

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

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

Auditors' responsibilities for the audit of the financial statements

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

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

As part of our planning process:

- We enquired of management the systems and controls the company has in place, the areas of the financial statements that are mostly susceptible to the risk of irregularities and fraud, and whether there was any known, suspected or alleged fraud.

- We obtained an understanding of the legal and regulatory frameworks applicable to the company. We determined that the following were most relevant: FRS 102, Companies Act 2006, health and safety, employment law and direct and indirect tax compliance.

- We considered the incentives and opportunities that exist in the company, including the extent of management bias, which present a potential for irregularities and fraud to be perpetuated, and tailored our risk assessment accordingly.

- Using our knowledge of the company, together with the discussions held with the company at the planning stage, we formed a conclusion on the risk of misstatement due to irregularities including fraud and tailored our procedures according to this risk assessment.

The key procedures we undertook to detect irregularities including fraud during the course of the audit included:

- Identifying and testing journal entries and the overall accounting records, in particular those that were significant and unusual.

- Reviewing the financial statement disclosures and determining whether accounting policies have been appropriately applied.

- Reviewing and challenging the assumptions and judgements used by management in their significant accounting estimates.

- Assessing the extent of compliance, or lack of, with the relevant laws and regulations in particular those that are central to the entities ability to continue in operation.

- Testing key revenue lines, in particular cut-off, for evidence of management bias.

- Obtaining third-party confirmation of material bank balances.

- Documenting and verifying all significant related party balances and transactions.

- Reviewing documentation such as the company board minutes for discussions of irregularities including fraud.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements even though we have properly planned and performed our audit in accordance with auditing standards. The primary responsibility for the prevention and detection of irregularities and fraud rests with the directors and management.

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

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Thomas Smart (Senior Statutory Auditor)

for and on behalf of Harold Sharp Limited

Statutory Auditors and Chartered Accountants

5 Brooklands Place

Brooklands Road

Sale

Cheshire

M33 3SD

25 June 2026

TURNOVER

3

18,074,890

18,201,304

Cost of sales

(10,942,638

)

(11,491,199

)

GROSS PROFIT

7,132,252

6,710,105

Administrative expenses

(5,220,628

)

(4,578,226

)

OPERATING PROFIT

5

1,911,624

2,131,879

Interest receivable and similar income

22,492

44,524

1,934,116

2,176,403

Interest payable and similar expenses

6

(15,000

)

(15,000

)

PROFIT BEFORE TAXATION

1,919,116

2,161,403

Tax on profit

7

(475,745

)

(577,776

)

PROFIT FOR THE FINANCIAL YEAR

1,443,371

1,583,627

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,443,371

1,583,627

FIXED ASSETS

Intangible assets

9

2,730,187

2,530,072

Tangible assets

10

262,766

213,469

2,992,953

2,743,541

CURRENT ASSETS

Stocks

11

1,250,274

1,216,816

Debtors

12

3,096,947

2,832,623

Cash at bank and in hand

8,521,299

7,470,199

12,868,520

11,519,638

CREDITORS

Amounts falling due within one year

13

(7,366,928

)

(6,861,143

)

NET CURRENT ASSETS

5,501,592

4,658,495

TOTAL ASSETS LESS CURRENT LIABILITIES

8,494,545

7,402,036

PROVISIONS FOR LIABILITIES

17

(814,526

)

(769,481

)

NET ASSETS

7,680,019

6,632,555

CAPITAL AND RESERVES

Called up share capital

18

900

900

Retained earnings

19

7,679,119

6,631,655

SHAREHOLDERS' FUNDS

7,680,019

6,632,555

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2026 and were signed on its behalf by:

Mrs T A Worrall - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2024

900

6,813,267

6,814,167

Changes in equity

Dividends

-

(1,765,239

)

(1,765,239

)

Total comprehensive income

-

1,583,627

1,583,627

Balance at 31 March 2025

900

6,631,655

6,632,555

Changes in equity

Dividends

-

(395,907

)

(395,907

)

Total comprehensive income

-

1,443,371

1,443,371

Balance at 31 March 2026

900

7,679,119

7,680,019

Cash flows from operating activities

Cash generated from operations

1

2,430,047

2,185,579

Interest paid

(15,000

)

(15,000

)

Tax paid

(369,157

)

(456,161

)

Net cash from operating activities

2,045,890

1,714,418

Cash flows from investing activities

Purchase of intangible fixed assets

(430,578

)

(1,034,679

)

Purchase of tangible fixed assets

(190,797

)

(94,081

)

Sale of tangible fixed assets

-

462,931

Interest received

22,492

27,354

Net cash from investing activities

(598,883

)

(638,475

)

Cash flows from financing activities

Equity dividends paid

(395,907

)

(1,765,239

)

Net cash from financing activities

(395,907

)

(1,765,239

)

Increase/(decrease) in cash and cash equivalents

1,051,100

(689,296

)

Cash and cash equivalents at beginning of year

2

7,470,199

8,159,495

Cash and cash equivalents at end of year

2

8,521,299

7,470,199

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

2026

2025

£

£

Profit before taxation

1,919,116

2,161,403

Depreciation charges

161,778

141,588

Loss/(profit) on disposal of fixed assets

62

(122,931

)

Amounts written off intangible asset

210,186

-

Finance costs

15,000

15,000

Finance income

(22,492

)

(44,524

)

2,283,650

2,150,536

Increase in stocks

(33,458

)

(534,889

)

(Increase)/decrease in trade and other debtors

(330,466

)

70,643

Increase in trade and other creditors

510,321

499,289

Cash generated from operations

2,430,047

2,185,579

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2026

31/3/26

1/4/25

£

£

Cash and cash equivalents

8,521,299

7,470,199

Year ended 31 March 2025

31/3/25

1/4/24

£

£

Cash and cash equivalents

7,470,199

8,159,495

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1/4/25

Cash flow

At 31/3/26

£

£

£

Net cash

Cash at bank and in hand

7,470,199

1,051,100

8,521,299

7,470,199

1,051,100

8,521,299

Debt

Debts falling due within 1 year

(150,000

)

-

(150,000

)

(150,000

)

-

(150,000

)

Total

7,320,199

1,051,100

8,371,299

1.	STATUTORY INFORMATION

Closomat Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 02489536 and the registered address is Jackson House, Suite B, 4th Floor, Sibson Road, Sale, England, M33 7RR.

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 as modified by the revaluation of certain assets.

The financial statements represent the results of the individual entity. The presentational currency is £ sterling.

Critical accounting judgements and key sources of estimation uncertainty

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

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.

Accrued expenses and deferred income

The company receives income in advance for service contracts and the income is apportioned over the period the company is liable to provide the service.

Warranty provisions

The company is required to estimate the expected cost to repair or replace parts under guarantee. This provision is based on the expected level of repair and replacement costs informed by historical information.

Research and development costs

Research costs are expensed as incurred. Development expenditures on an individual project are recognised as an intangible asset when the company can demonstrate:

a) The technical feasibility of completing the intangible asset so that the asset will be available for use or sale

b) The intention to complete and its ability to use or sell the asset

c) How the asset will generate future economic benefits

d) The availability of resources to complete the asset

e) The ability to measure reliably the expenditure during development

f) The ability to use the intangible asset generated

Where the directors are satisfied as to the technical, commercial and financial viability of the project, the identifiable expenditure is deferred and amortised over the period during which the company is expected to benefit which is 10 years.

Turnover

Turnover represents the amounts receivable by the company for goods supplied and services provided, excluding VAT and trade discounts. Revenue is recognised once the goods have passed to the customer. Deposits received in advance are included within creditors in the balance sheet, and are released to income when the goods have passed to the customer. Service income received in advance are included within creditors in the balance sheet, and are released to income evenly over the life of the contract.

Other accounting judgements and key sources of estimation uncertainty

Tangible fixed assets

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

Plant and machinery

- 20% on cost

Fixtures, fittings and equipment

- 16.67% to 50% on cost

Motor vehicles

- 25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Land and buildings are long leasehold

There has been continued levels of investment and development to improve the quality of the company's property therefore depreciation is zero in the financial period, as in the opinion of the directors the cost/valuation included in the accounts is a fair representation of their residual value.

The company holds certain long leasehold properties for long term investment which are included in the balance sheet at directors valuations.

At each balance sheet date the Company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

Stocks

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

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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.

Basic financial assets, which include trade debtors, other debtors, amounts owed by related companies 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 method. Financial assets classified as receivable within one year are not amortised.

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 company after deducting all of its liabilities.

Basic financial liabilities, including trade creditors, other creditors, amounts owed to group undertakings, and directors loan accounts that are classified as debt, 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 payments discounted at a market rate of interest.

Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

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.

Leasing commitments

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

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.

Pension costs and other post-retirement benefits

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

Going concern

Based on current trading and future expectations, the directors are confident the company will continue to trade profitably in future periods and generate sufficient cash flows to meet its obligations as they fall due for payment.

The accounts have therefore been prepared on the going concern basis.

3.

TURNOVER

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

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

2026

2025

£

£

Sale of finished goods

12,729,398

12,993,729

Installation income

990,572

955,746

Commissioning

341,040

370,680

Service Revenue

4,013,880

3,881,149

18,074,890

18,201,304

An analysis of turnover by geographical market is given below:

2026

2025

£

£

United Kingdom

16,779,838

16,572,045

Europe

1,295,052

1,629,259

18,074,890

18,201,304

4.	EMPLOYEES AND DIRECTORS

2026

2025

£

£

Wages and salaries

3,102,322

2,983,233

Social security costs

385,788

340,362

Other pension costs

434,212

352,021

3,922,322

3,675,616

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

2026

2025

Sales

16

15

Service

33

35

Administrative

35

35

84

85

2026

2025

£

£

Directors' remuneration

322,299

239,396

Directors' pension contributions to money purchase schemes

137,022

81,649

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

Money purchase schemes

3

3

Information regarding the highest paid director is as follows:

2026

2025

£

£

Emoluments etc

98,026

70,112

Pension contributions to money purchase schemes

11,133

28,160

5.	OPERATING PROFIT

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

2026

2025

£

£

Depreciation - owned assets

141,500

121,142

Loss/(profit) on disposal of fixed assets

62

(122,931

)

Computer software amortisation

20,277

20,446

Auditors' remuneration

15,065

15,006

Foreign exchange differences

27,029

5,523

Pension costs

434,212

352,021

Other operating lease rentals

352,988

315,693

Operating lease rentals - land and buildings

145,178

56,250

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2026

2025

£

£

Preference share dividends

15,000

15,000