Company registration number 08285070 (England and Wales)
TEKFLOOR LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
TEKFLOOR LIMITED
COMPANY INFORMATION
Directors
S J Foster
A T Wiszniewski
Company number
08285070
Registered office
Unit 1 Power Park
Commercial Road
Goldthorpe Industrial Estate
Rotherham
England
S63 9BL
Auditor
Sumer Auditco Limited
Albert Works
Sidney Street
Sheffield
S1 4RG
TEKFLOOR LIMITED
CONTENTS
Page
Strategic report
1
Directors' report
2 - 3
Independent auditor's report
4 - 6
Group statement of comprehensive income
7
Group balance sheet
8
Company balance sheet
9 - 10
Group statement of changes in equity
11
Company statement of changes in equity
12
Group statement of cash flows
13
Notes to the financial statements
14 - 30
TEKFLOOR LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 OCTOBER 2025
- 1 -

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

Review of the business

The following report relates to the consolidated group.

2025 was another challenging year for the industry.

The directors consider that the key performance indicators of the company are those which explain the financial performance and strength of the business. In particular, the directors follow growth in turnover, gross margin, net margin (profit before tax on sales) and net assets.

Turnover for the year to 31st October 2025 is 6.3% higher than the year to 31st October 2024. Given the challenging market, the directors are pleased with this growth.

Gross margin decreased from 30.3% in 2024 to 29.1% in 2025. The directors consider the fall to be due to market conditions.

The loss before tax decreased from £702,371 (-1.6%) in 2024 to £3 03,957 (-0.6%) in 2025. The directors feel this represents the start of the planned turnaround. This has continued since the year end and the group is now profitable.

The net assets decreased from £342,647 in 2024 to £91,690 in 2025. Given the challenging market, the directors as pleased that the net assets are still positive.

Principal risks and uncertainties

There is a general uncertainty from the geopolitical situation. This seems unlikely to change. The uncertainty manifests itself in questions over the supply of building materials and the lack of skilled labour in the construction sector. We have policies to hedge the cost of diesel to mitigate this risk.

The directors are confident that the diversification into new markets will help the group combat a lot of risks.

Development and performance

The business continues to grow and improve its performance.

More growth is expected and the business continues to invest in its infrastructure accordingly.

On behalf of the board

A T Wiszniewski
Director
1 July 2026
TEKFLOOR LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 OCTOBER 2025
- 2 -

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

Principal activities

The principal activity of the group continued to be that of being a specialist distributor and manufacturer of building products.

Results and dividends

The results for the year are set out on page 7.

No ordinary dividends were paid. The directors do not recommend payment of a further dividend.

Directors

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

S J Foster
A T Wiszniewski
Auditor

Sumer Auditco Limited were appointed as auditor to the company following BHP LLP becoming part of the Sumer Group on 31 December 2025, which required a change in audit firm to comply with applicable regulatory requirements.

In accordance with section 487(2) of the Companies Act 2006, Sumer Auditco Limited are deemed to be reappointed annually.

Statement of directors' responsibilities

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.

TEKFLOOR LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 3 -
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.

On behalf of the board
A T Wiszniewski
Director
1 July 2026
TEKFLOOR LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF TEKFLOOR LIMITED
- 4 -
Opinion

We have audited the financial statements of Tekfloor 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 loss for the year then ended;

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

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

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the 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.

TEKFLOOR LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF TEKFLOOR LIMITED
- 5 -
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.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

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

- we identified the laws and regulations applicable to the group through discussions with directors and other management, and from our commercial knowledge and experience of the group's sector;

- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the group;

- we assessed the extent of compliance with the laws and regulations considered above through making enquiries of management and inspecting legal correspondence; and

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

We assessed the susceptibility of the groups’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by;

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

TEKFLOOR LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF TEKFLOOR LIMITED
- 6 -

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

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

- tested journal entries to identify unusual transactions;

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

- investigated the rationale behind significant or unusual transactions.

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

- agreeing financial statement disclosures to underlying supporting documentation;

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

- discussions with senior management regarding relevant regulations and reviewing the group’s legal and professional fees.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditors r esponsibilities. 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.

Terri Pierpoint (Senior Statutory Auditor)
For and on behalf of Sumer Auditco Limited, Statutory Auditor
Chartered Accountants
Albert Works
Sidney Street
Sheffield
S1 4RG
1 July 2026
TEKFLOOR LIMITED
GROUP STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 OCTOBER 2025
- 7 -
2025
2024
Notes
£
£
Turnover
3
47,391,865
44,589,468
Cost of sales
(33,600,238)
(31,089,116)
Gross profit
13,791,627
13,500,352
Distribution costs
(6,097,051)
(5,928,611)
Administrative expenses
(7,618,960)
(7,722,647)
Other operating income/(expenses)
150,000
(1)
Operating profit/(loss)
4
225,616
(150,907)
Interest receivable and similar income
7
-
0
116
Interest payable and similar expenses
8
(529,573)
(551,580)
Loss before taxation
(303,957)
(702,371)
Tax on loss
9
53,000
160,000
Loss for the financial year
(250,957)
(542,371)
Loss 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.
TEKFLOOR LIMITED
GROUP BALANCE SHEET
AS AT
31 OCTOBER 2025
31 October 2025
- 8 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
10
40,682
1,421
Tangible assets
11
2,073,168
1,506,472
2,113,850
1,507,893
Current assets
Stocks
14
3,285,937
4,397,144
Debtors
15
8,845,384
9,834,808
Cash at bank and in hand
1,641,427
3,231,002
13,772,748
17,462,954
Creditors: amounts falling due within one year
16
(15,207,083)
(17,756,045)
Net current liabilities
(1,434,335)
(293,091)
Total assets less current liabilities
679,515
1,214,802
Creditors: amounts falling due after more than one year
17
(403,825)
(479,155)
Provisions for liabilities
Provisions
20
50,000
200,000
Deferred tax liability
21
134,000
193,000
(184,000)
(393,000)
Net assets
91,690
342,647
Capital and reserves
Called up share capital
23
200
200
Share premium account
399,908
399,908
Profit and loss reserves
(308,418)
(57,461)
Total equity
91,690
342,647

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 1 July 2026 and are signed on its behalf by:
01 July 2026
A T Wiszniewski
Director
Company registration number 08285070 (England and Wales)
TEKFLOOR LIMITED
COMPANY BALANCE SHEET
AS AT 31 OCTOBER 2025
31 October 2025
- 9 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
11
2,073,168
1,506,472
Investments
12
1
1
2,073,169
1,506,473
Current assets
Stocks
14
3,285,937
4,397,144
Debtors
15
8,741,061
9,732,543
Cash at bank and in hand
1,638,088
3,229,992
13,665,086
17,359,679
Creditors: amounts falling due within one year
16
(15,879,909)
(18,025,847)
Net current liabilities
(2,214,823)
(666,168)
Total assets less current liabilities
(141,654)
840,305
Creditors: amounts falling due after more than one year
17
(403,825)
(479,155)
Provisions for liabilities
Provisions
20
50,000
200,000
Deferred tax liability
21
124,000
193,000
(174,000)
(393,000)
Net liabilities
(719,479)
(31,850)
Capital and reserves
Called up share capital
23
200
200
Share premium account
399,908
399,908
Profit and loss reserves
(1,119,587)
(431,958)
Total equity
(719,479)
(31,850)
TEKFLOOR LIMITED
COMPANY BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2025
31 October 2025
- 10 -

As permitted by s408 Companies Act 2006, the c ompany has not presented its own profit and loss account and related notes. The c ompany’s loss for the year was £687,629 (202 4 - £519,713).

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 1 July 2026 and are signed on its behalf by:
01 July 2026
A T Wiszniewski
Director
Company registration number 08285070 (England and Wales)
TEKFLOOR LIMITED
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2025
- 11 -
Share capital
Share premium account
Profit and loss reserves
Total
£
£
£
£
Balance at 1 November 2023
200
399,908
484,910
885,018
Year ended 31 October 2024:
Loss and total comprehensive income
-
-
(542,371)
(542,371)
Balance at 31 October 2024
200
399,908
(57,461)
342,647
Year ended 31 October 2025:
Loss and total comprehensive income
-
-
(250,957)
(250,957)
Balance at 31 October 2025
200
399,908
(308,418)
91,690
TEKFLOOR LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2025
- 12 -
Share capital
Share premium account
Profit and loss reserves
Total
£
£
£
£
Balance at 1 November 2023
200
399,908
87,755
487,863
Year ended 31 October 2024:
Loss and total comprehensive income for the year
-
-
(519,713)
(519,713)
Balance at 31 October 2024
200
399,908
(431,958)
(31,850)
Year ended 31 October 2025:
Profit and total comprehensive income
-
-
(687,629)
(687,629)
Balance at 31 October 2025
200
399,908
(1,119,587)
(719,479)
TEKFLOOR LIMITED
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 OCTOBER 2025
- 13 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
28
1,220,371
525,547
Interest paid
(529,573)
(551,580)
Income taxes paid
-
0
(1,096)
Net cash inflow/(outflow) from operating activities
690,798
(27,129)
Investing activities
Purchase of intangible assets
(46,500)
-
Purchase of tangible fixed assets
(1,098,042)
(364,070)
Proceeds from disposal of tangible fixed assets
418,966
157,653
Interest received
-
0
116
Net cash used in investing activities
(725,576)
(206,301)
Financing activities
Proceeds from borrowings
-
1,429,017
Repayment of borrowings
(997,923)
(133,440)
Payment of finance leases obligations
(556,874)
(163,912)
Net cash (used in)/generated from financing activities
(1,554,797)
1,131,665
Net (decrease)/increase in cash and cash equivalents
(1,589,575)
898,235
Cash and cash equivalents at beginning of year
3,231,002
2,332,767
Cash and cash equivalents at end of year
1,641,427
3,231,002
TEKFLOOR LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
- 14 -
1
Accounting policies
Company information

Tekfloor Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is Unit 1 Power Park, Commercial Road, Goldthorpe Industrial Estate, Rotherham, England, S63 9BL.

The group consists of Tekfloor Limited and all of its subsidiaries.

1.1
Accounting convention

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. 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.

TEKFLOOR LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 15 -
1.3
Basis of consolidation

The consolidated group financial statements consist of the financial statements of the parent company Tekfloor 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

At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Sales continue to be strong and the invoice finance facility is expected to continue. This should provide the necessary cash for day to day operations. Therefore, despite the negative net current liability position, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.5
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

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.

TEKFLOOR LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 16 -
1.6
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:

Development costs
3 years straight line
1.7
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:

Plant and machinery
4 - 7 years straight line
Fixtures and fittings
7 years straight line / 20% reducing balance
Computers
3 years straight line
Motor vehicles
4 years straight line

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.

1.8
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, associates and jointly controlled entities 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.

1.9
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.

TEKFLOOR LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 17 -

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.

1.10
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.

1.11
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.12
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.

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.

TEKFLOOR LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 18 -
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, loans from fellow group companies and preference shares 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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.

1.13
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.

1.14
Taxation

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

TEKFLOOR LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 19 -
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.

1.15
Provisions

Provisions are recognised when the group has a legal or constructive present obligation as a result of a past event, it is probable that the group will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision i s measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

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

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.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease d asset are consumed.

TEKFLOOR LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 20 -
1.19
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

The preparation of financial information requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets and liabilities, income and expenses. Judgements and estimates are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The resulting accounting estimates may differ from the related actual results.

Stock provisions

Stocks are stated at the lower of cost and net realisable value. The Directors will assess the requirement for any provision for obsolete stock or value deterioration as based on historical transactions, stock utilisation patterns, regular inspection and counting of physical items.

Useful economic lives of tangible fixed assets

The annual depreciation charge for tangible fixed assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values of all asset categories are reviewed on an annual basis to ensure appropriate changes are made for depreciations.

3
Turnover and other revenue
2025
2024
£
£
Turnover analysed by class of business
Sale of goods
46,224,034
44,589,468
Haulage services
1,167,831
-
47,391,865
44,589,468
2025
2024
£
£
Other revenue
Interest income
-
116
TEKFLOOR LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 21 -
4
Operating profit/(loss)
2025
2024
£
£
Operating profit/(loss) for the year is stated after charging/(crediting):
Fees payable to the group's auditor for the audit of the group's financial statements
14,380
12,650
Fees payable to the group's auditor for the audit of the subsidiaries' financial statements
5,495
3,950
Depreciation of tangible fixed assets
996,053
852,284
Profit on disposal of tangible fixed assets
(261,363)
(67,612)
Amortisation of intangible assets
7,239
3,709
Operating lease charges
1,190,143
1,025,042
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
2
2
Production & distribution
81
81
78
81
Administration
43
43
35
43
Total
126
126
115
126

Their aggregate remuneration comprised:

Group
Company
2025
2024
2025
2024
£
£
£
£
Wages and salaries
5,505,213
5,622,450
5,433,641
5,324,396
Social security costs
649,878
572,900
649,878
572,900
Pension costs
335,166
358,521
335,166
358,521
6,490,257
6,553,871
6,418,685
6,255,817
6
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
129,167
117,058
Company pension contributions to defined contribution schemes
72,200
89,188
201,367
206,246
TEKFLOOR LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
6
Directors' remuneration
(Continued)
- 22 -

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 2 (2024 - 2).

As total directors' remuneration (excluding pension contributions) was less than £200,000 in the current year, no disclosure is provided for that year.

7
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
-
0
116
8
Interest payable and similar expenses
2025
2024
£
£
Interest on invoice finance arrangements
378,416
410,470
Other interest on financial liabilities
34,238
28,296
Interest on finance leases and hire purchase contracts
116,919
112,814
Total finance costs
529,573
551,580
9
Taxation
2025
2024
£
£
Deferred tax
Origination and reversal of timing differences
(53,000)
(160,000)

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

2025
2024
£
£
Loss before taxation
(303,957)
(702,371)
Expected tax credit based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
(75,989)
(175,593)
Tax effect of expenses that are not deductible in determining taxable profit
23,403
14,632
Other permanent differences
-
0
51
Movement in deferred tax not recognised
(414)
910
Taxation credit
(53,000)
(160,000)
TEKFLOOR LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 23 -
10
Intangible fixed assets
Group
Development costs
£
Cost
At 1 November 2024
27,019
Additions
46,500
At 31 October 2025
73,519
Amortisation and impairment
At 1 November 2024
25,598
Amortisation charged for the year
7,239
At 31 October 2025
32,837
Carrying amount
At 31 October 2025
40,682
At 31 October 2024
1,421
The company had no intangible fixed assets at 31 October 2025 or 31 October 2024.
11
Tangible fixed assets
Group
Plant and machinery
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 November 2024
2,136,059
258,450
220,617
1,348,564
3,963,690
Additions
322,424
130,903
57,316
1,209,709
1,720,352
Disposals
(27,000)
-
0
-
0
(832,807)
(859,807)
At 31 October 2025
2,431,483
389,353
277,933
1,725,466
4,824,235
Depreciation and impairment
At 1 November 2024
1,366,513
196,846
154,036
739,823
2,457,218
Depreciation charged in the year
418,061
48,261
50,412
479,319
996,053
Eliminated in respect of disposals
(27,000)
-
0
-
0
(675,204)
(702,204)
At 31 October 2025
1,757,574
245,107
204,448
543,938
2,751,067
Carrying amount
At 31 October 2025
673,909
144,246
73,485
1,181,528
2,073,168
At 31 October 2024
769,546
61,604
66,581
608,741
1,506,472
TEKFLOOR LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
11
Tangible fixed assets
(Continued)
- 24 -
Company
Plant and machinery
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 November 2024
2,136,059
258,450
220,617
1,348,564
3,963,690
Additions
322,424
130,903
57,316
1,209,709
1,720,352
Disposals
(27,000)
-
0
-
0
(832,807)
(859,807)
At 31 October 2025
2,431,483
389,353
277,933
1,725,466
4,824,235
Depreciation and impairment
At 1 November 2024
1,366,513
196,846
154,036
739,823
2,457,218
Depreciation charged in the year
418,061
48,261
50,412
479,319
996,053
Eliminated in respect of disposals
(27,000)
-
0
-
0
(675,204)
(702,204)
At 31 October 2025
1,757,574
245,107
204,448
543,938
2,751,067
Carrying amount
At 31 October 2025
673,909
144,246
73,485
1,181,528
2,073,168
At 31 October 2024
769,546
61,604
66,581
608,741
1,506,472
12
Fixed asset investments
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Investments in subsidiaries
13
-
0
-
0
1
1
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 1 November 2024 and 31 October 2025
1
Carrying amount
At 31 October 2025
1
At 31 October 2024
1
TEKFLOOR LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 25 -
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
Builders Merchant Direct Ltd
Unit 2 Power Park Commercial Road, Goldthorpe Industrial Estate, Rotherham, England, S63 9BL
Ordinary
100.00
Haulage, Storage and Distribution Ltd
Unit 1 Power Park Commercial Road, Goldthorpe Industrial Estate, Rotherham, England, S63 9BL
Ordinary
100.00
Tekgroup Ltd
Unit 1 Power Park Commercial Road, Goldthorpe, Rotherham, England, S63 9BL
Ordinary
100.00
14
Stocks
Group
Company
2025
2024
2025
2024
£
£
£
£
Finished goods and goods for resale
3,285,937
4,397,144
3,285,937
4,397,144
15
Debtors
Group
Company
2025
2024
2025
2024
Amounts falling due within one year:
£
£
£
£
Trade debtors
7,584,014
8,292,072
7,479,692
8,195,807
Other debtors
191,501
189,250
191,500
189,250
Prepayments and accrued income
1,069,869
1,347,486
1,069,869
1,347,486
8,845,384
9,828,808
8,741,061
9,732,543
Deferred tax asset (note 21)
-
0
6,000
-
0
-
0
8,845,384
9,834,808
8,741,061
9,732,543
16
Creditors: amounts falling due within one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Obligations under finance leases
19
637,354
672,641
637,354
672,641
Other borrowings
18
6,156,775
6,978,645
6,156,775
6,978,645
Trade creditors
6,465,586
8,882,561
6,430,637
8,839,682
Amounts owed to group undertakings
-
0
-
0
1,170,611
540,067
Other taxation and social security
919,440
708,510
852,934
693,175
Other creditors
801,980
333,061
413,150
129,685
Accruals and deferred income
225,948
180,627
218,448
171,952
15,207,083
17,756,045
15,879,909
18,025,847
TEKFLOOR LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
16
Creditors: amounts falling due within one year
(Continued)
- 26 -

Obligations under finance leases detailed above and in note 19 are secured on the assets which were purchased under the agreements.

Included in other borrowings is an invoice discounting facility of £5,980,722 (2024: £6,819,280). This is secured by a fixed and floating charge over the assets of the group.

17
Creditors: amounts falling due after more than one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Obligations under finance leases
19
325,135
224,412
325,135
224,412
Other borrowings
18
78,690
254,743
78,690
254,743
403,825
479,155
403,825
479,155

Amounts shown in other borrowings over one year represent an unsecured 10% loan repayable over 3 years.

18
Loans and overdrafts
Group
Company
2025
2024
2025
2024
£
£
£
£
Other loans
6,235,465
7,233,388
6,235,465
7,233,388
Payable within one year
6,156,775
6,978,645
6,156,775
6,978,645
Payable after one year
78,690
254,743
78,690
254,743
19
Finance lease obligations
Group
Company
2025
2024
2025
2024
Amounts due:
£
£
£
£
Current liabilities
637,354
672,641
637,354
672,641
Non-current liabilities
325,135
224,412
325,135
224,412
962,489
897,053
962,489
897,053
TEKFLOOR LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
19
Finance lease obligations
(Continued)
- 27 -
Group
Company
2025
2024
2025
2024
£
£
£
£
Future minimum lease payments due under finance leases:
Within one year
637,354
672,641
637,354
672,641
In two to five years
303,168
224,412
303,168
224,412
In over five years
21,967
-
0
21,967
-
0
962,489
897,053
962,489
897,053

Finance lease payments represent rentals payable by the company or group 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 4 years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

20
Provisions for liabilities
Group
Company
2025
2024
2025
2024
£
£
£
£
Provision for property dilapidations
50,000
200,000
50,000
200,000
Movements on provisions:
Provision for property dilapidations
Group
£
At 1 November 2024
200,000
Reversal of provision
(150,000)
At 31 October 2025
50,000
Provision for property dilapidations
Company
£
At 1 November 2024
200,000
Reversal of provision
(150,000)
At 31 October 2025
50,000
TEKFLOOR LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 28 -
21
Deferred taxation

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

Liabilities
Liabilities
Assets
Assets
2025
2024
2025
2024
Group
£
£
£
£
Accelerated capital allowances
329,000
270,000
-
-
Tax losses
(195,000)
(77,000)
-
6,000
134,000
193,000
-
6,000
Liabilities
Liabilities
Assets
Assets
2025
2024
2025
2024
Company
£
£
£
£
Accelerated capital allowances
329,000
270,000
-
-
Tax losses
(205,000)
(77,000)
-
-
124,000
193,000
-
-
Group
Company
2025
2025
Movements in the year:
£
£
Liability at 1 November 2024
187,000
193,000
Credit to profit or loss
(53,000)
(69,000)
Liability at 31 October 2025
134,000
124,000
22
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
335,166
358,521

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.

TEKFLOOR LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 29 -
23
Share capital
Group and company
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 1p each
15,000
15,000
150
150
Ordinary A shares of 1p each
5,000
5,000
50
50
20,000
20,000
200
200
24
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
908,242
1,190,143
908,242
1,190,143
Years 2-5
1,075,941
1,984,183
1,075,941
1,984,183
1,984,183
3,174,326
1,984,183
3,174,326
25
Capital commitments

Amounts contracted for but not provided in the financial statements:

Group
Company
2025
2024
2025
2024
£
£
£
£
Acquisition of tangible fixed assets
-
31,645
-
31,645
26
Related party transactions

During the year, remuneration of £496,150 was paid to close family members of the directors, who are related parties as defined by FRS 102.

TEKFLOOR LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 30 -
27
Analysis of changes in net debt - group
1 November 2024
Cash flows
New finance leases
31 October 2025
£
£
£
£
Cash at bank and in hand
3,231,002
(1,589,575)
-
1,641,427
Borrowings excluding overdrafts
(7,233,388)
997,923
-
(6,235,465)
Obligations under finance leases
(897,053)
556,874
(622,310)
(962,489)
(4,899,439)
(34,778)
(622,310)
(5,556,527)
28
Cash generated from group operations
2025
2024
£
£
Loss after taxation
(250,957)
(542,371)
Adjustments for:
Taxation credited
(53,000)
(160,000)
Finance costs
529,573
551,580
Investment income
-
0
(116)
Gain on disposal of tangible fixed assets
(261,363)
(67,612)
Amortisation and impairment of intangible assets
7,239
3,709
Depreciation and impairment of tangible fixed assets
996,053
852,284
Decrease in provisions
(150,000)
-
Movements in working capital:
Decrease/(increase) in stocks
1,111,207
(1,309,324)
Decrease/(increase) in debtors
983,424
(1,714,833)
(Decrease)/increase in creditors
(1,691,805)
2,912,230
Cash generated from operations
1,220,371
525,547
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