Amberdeal Limited Company accounts

COMPANY REGISTRATION NUMBER: 2034774

AMBERDEAL LIMITED

FINANCIAL STATEMENTS

31 October 2025

AMBERDEAL LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31st OCTOBER 2025

Contents	Page

Strategic report	1

Director's report	3

Independent auditor's report to the member	5

Statement of income and retained earnings	9

Statement of financial position	10

Notes to the financial statements	11

AMBERDEAL LIMITED

STRATEGIC REPORT

YEAR ENDED 31st OCTOBER 2025

The director presents the strategic report of the company for the year ended 31 October 2025.

Review of the business

The company has delivered a successful trading performance over the accounting year and retains a strong financial position notwithstanding the challenges of its marketplace and inflationary cost pressures. The company has continued to invest in its recycling and logistics assets during the year which will support its commitment to sustainable practices and environmental responsibility. Further investment continues to be made in this current year which will increase the range of services that the company can undertake. This will facilitate the expansion of the company's customer base which has already been reflected in an increased level of turnover. In view of the capital investment made, it is anticipated that during this current year both turnover and profit will continue to increase.

Results

The company made a pre-tax profit of £51,993 (2024: £123,253) for the year from a turnover of £11,987,326 (2024: £14,988,558). At 31 October 2025 the company had net assets of £2,835,410 (2024: £2,816,659).

Principal risks and uncertainties

The principal risks and uncertainties facing the company relate to uncertainties in the general economic climate in the UK. In order to minimise the risk to the company, the director continues to invest significantly in its facilities in order to both create and maintain high levels of efficiency in its processes. Financial risk management: The company addresses risks at periodic meetings and where relevant seeks to limit the adverse effects on the financial performance of the company. Liquidity risk: The company is funded through its retained earnings and borrowings. Cashflow projections are regularly carried out in order to ensure that liquidity risk is minimised and that funds are always available for continuing operations. Credit risk: The company has policies in place to ensure that credit checks are undertaken on all new customers. Credit verification procedures are undertaken on all customers who require credit terms

Performance monitoring

The delivery of the company's strategic objectives is monitored by the directors through Key Performance Indicators and the periodic review of various aspects of the company's operations. The directors consider the following Key Performance Indicators as appropriate measures for the delivery of the company's strategy. Financial Definition Sales Revenue Growth in sales revenue and strength of the company's market position. Operating Profit The continued growth of operating profits which allows the company to continue to invest in its facilities

This report was approved by the board of directors on 9th July 2026 and signed on behalf of the board by:

R. Packun
Director

Registered office:

Alex House

260-268 Chapel Street

Salford

M3 5JZ

AMBERDEAL LIMITED

DIRECTOR'S REPORT

YEAR ENDED 31st OCTOBER 2025

The director presents his report and the financial statements of the company for the year ended 31 October 2025 .

Principal activities

The principal activity of the company during the year was that of vehicle recyclers.

Director

The director who served the company during the year was as follows:

R. Packun

Dividends

Dividends of £Nil (2024: £86,000) were paid during the year.

Future developments

The company intends to make further investment in its recycling and logistical assets as part of its rolling capital investment programme. This will support the company's commitment to sustainable practices as well as increase its range of services available to new and existing customers.

Financial instruments

The director considers that the company only has limited exposure to the various aspects of financial risk and it does not enter into any non basic contracts as there is no requirement for this within its trade. The company's revenue is invoiced in sterling and all its operational costs arise within the United Kingdom.

Director's responsibilities statement

The director is responsible for preparing the strategic report, director's report and the financial statements in accordance with applicable law and regulations. Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the director is required to: - select suitable accounting policies and then apply them consistently; - make judgments 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 director is 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. He is 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 of disclosure to auditors

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.

This report was approved by the board of directors on 9 July 2026 and signed on behalf of the board by:

R. Packun
Director

Registered office:

Alex House

260-268 Chapel Street

Salford

M3 5JZ

AMBERDEAL LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBER OF AMBERDEAL LIMITED

YEAR ENDED 31st OCTOBER 2025

Opinion

We have audited the financial statements of Amberdeal Limited (the 'company') for the year ended 31st October 2025 which comprise the statement of income and retained earnings, statement of financial position and the related notes, 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 FRS 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 31st October 2025 and of its profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - 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 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 director's 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 director 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 director is responsible for the other information. 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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 director's report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the director's report 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 director's report. 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, 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 director's remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.

Responsibilities of the director

As explained more fully in the director's responsibilities statement, the director is 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 director determines 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 director is 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 director either intends to liquidate the company or to cease operations, or has 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 the audit was considered capable of detecting irregularities, including fraud Irregularities are instances of non-compliance with laws and regulations. The objectives of our audit are to obtain sufficient appropriate audit evidence regarding compliance with laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements, to perform audit procedures to help identify instances of non-compliance with other laws and regulations that may have a material effect on the financial statements, and to respond appropriately to identified or suspected non-compliance with laws and regulations identified during the audit. In relation to fraud, the objectives of our audit are to identify and assess the risk of material misstatement of the financial statements due to fraud, to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud through designing and implementing appropriate responses and to respond appropriately to fraud or suspected fraud identified during the audit. However, it is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud. In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, the audit engagement team: - obtained an understanding of the nature of the industry and sector, including the legal and regulatory framework that the company operates in and how the company is complying with the legal and regulatory framework; - inquired of management and those charged with governance, about their own identification and assessment of the risks of irregularities, including any known actual, suspected or alleged instances of fraud; - discussed matters about non-compliance with laws and regulations and how fraud might occur including assessment of how and where the financial statements may be susceptible to fraud. As a result of these procedures we consider the most significant laws and regulations that have a direct impact on the financial statements are FRS 102 and the Companies Act 2006. We performed audit procedures to detect non-compliances which may have a material impact on the financial statements which included reviewing financial statement disclosures. The audit engagement team identified the risk of management override of controls and revenue recognition as the areas where the financial statements were most susceptible to material misstatement due to fraud. Audit procedures performed included but were not limited to testing manual journal entries and other adjustments and evaluating the business rationale in relation to significant, unusual transactions and transactions entered into outside the normal course of business and testing a sample of revenue transactions recorded in the year to determine whether revenue had been recorded correctly. 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 auditor's report. Use of our report

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

Stuart Whitehead FCA

(Senior Statutory Auditor)

For and on behalf of

Edwards Veeder LLP

Chartered Accountants & Statutory Auditor

Alex House

260-268 Chapel Street

Salford

M3 5JZ

9 July 2026

AMBERDEAL LIMITED

STATEMENT OF INCOME AND RETAINED EARNINGS

YEAR ENDED 31st OCTOBER 2025

		2025	2024
Note		£	£
Turnover	4	11,987,326	14,988,558

Cost of sales	8,165,102	11,079,301
	-------------	-------------
Gross profit	3,822,224	3,909,257

Distribution costs		333,986	372,664
Administrative expenses		3,435,982	3,416,842
Other operating income	5	–	1,029
		------------	------------
Operating profit	6	52,256	120,780

Other interest receivable and similar income	10	2,801	2,473
Interest payable and similar expenses	11	3,064	–
		------------	------------
Profit before taxation		51,993	123,253

Tax on profit	12	33,242	34,060
		--------	---------
Profit for the financial year and total comprehensive income		18,751	89,193
		--------	---------

Dividends paid and payable	13	–	( 86,000)

Retained earnings at the start of the year	2,816,159	2,812,966
	------------	------------
Retained earnings at the end of the year	2,834,910	2,816,159
	------------	------------

All the activities of the company are from continuing operations.

AMBERDEAL LIMITED

STATEMENT OF FINANCIAL POSITION

31 October 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	15		1,928,438	1,738,651

Current assets

Stocks	16	1,404,175	1,068,625
Debtors	17	505,065	332,767
Cash at bank and in hand		385,046	645,997
		------------	------------
		2,294,286	2,047,389

Creditors: amounts falling due within one year	18	862,401		530,937
		------------		------------
Net current assets			1,431,885	1,516,452
			------------	------------
Total assets less current liabilities			3,360,323	3,255,103

Creditors: amounts falling due after more than one year	19		86,564	33,337

Provisions

Taxation including deferred tax	21	438,349	405,107
		------------	------------
Net assets		2,835,410	2,816,659
		------------	------------

Capital and reserves

Called up share capital	24	500	500
Profit and loss account		2,834,910	2,816,159
		------------	------------
Shareholder funds		2,835,410	2,816,659
		------------	------------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the medium companies regime.

These financial statements were approved by the board of directors and authorised for issue on 9 July 2026 , and are signed on behalf of the board by:

R. Packun
Director

Company registration number: 2034774

AMBERDEAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31st OCTOBER 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Alex House, 260-268 Chapel Street, Salford, M3 5JZ. The address of the principal place of business is Unit 6, Pimhole Business Park, Pimhole Road, Bury, BL9 7ET.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Autosave Holdings Limited which can be obtained from Companies House, Crown Way, Cardiff CF14 3UZ. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: - Disclosures in respect of each class of share capital have not been presented. - No cash flow statement has been presented for the company. - Disclosures in respect of financial instruments have not been presented. - Disclosures in respect of share-based payments have not been presented. - No disclosure has been given for the aggregate remuneration of key management personnel.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: Useful life of fixed assets In making decisions regarding the depreciation of non current assets, management must estimate the useful life of said assets to the business. A change in estimate would result in a change in the depreciation charged to profit and loss in each year. The carrying amount of depreciation at the end of 31st October 2025 is £2,234,591 (2024 £2,249,153).

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	over 5 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	20% reducing balance
Fixtures, fittings and equipment	-	20% reducing balance
Commercial vehicles	-	20% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

The company operates a defined contribution pension scheme for the directors. The assets of the pension scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

4. Turnover

Turnover arises from:

	2025	2024
	£	£
Sale of goods	11,987,326	14,988,558
	-------------	-------------

The turnover is attributable to the one principal activity of the company. An analysis of turnover by the geographical markets that substantially differ from each other is given below:

	2025	2024
	£	£
United Kingdom	11,244,829	14,230,754
Overseas	742,497	757,804
	-------------	-------------
	11,987,326	14,988,558
	-------------	-------------

5. Other operating income

	2025	2024
	£	£
Other operating income	–	1,029
	----	-------

6. Operating profit

Operating profit or loss is stated after charging/crediting:

	2025	2024
	£	£
Depreciation of tangible assets	386,198	412,900
Loss/(gains) on disposal of tangible assets	26,151	( 32,115)
Operating lease rentals	39,600	39,600
	---------	---------

7. Auditor's remuneration

	2025	2024
	£	£
Fees payable for the audit of the financial statements	9,350	–
	-------	----

8. Staff costs

The average number of persons employed by the company during the year, including the director, amounted to:

	2025	2024
	No.	No.
Production staff	35	38
Distribution staff	7	7
Administrative staff	2	2
Management staff	8	9
	----	----
	52	56
	----	----

The aggregate payroll costs incurred during the year, relating to the above, were:

	2025	2024
	£	£
Wages and salaries	1,594,700	1,642,338
Social security costs	167,455	155,578
Other pension costs	158,467	108,166
	------------	------------
	1,920,622	1,906,082
	------------	------------

Pension costs relate to contributions to defined contribution plans.

9. Director's remuneration

The director's aggregate remuneration in respect of qualifying services was:

	2025	2024
	£	£
Remuneration	38,950	67,024
Company contributions to defined contribution pension plans	130,000	80,000
	---------	---------
	168,950	147,024
	---------	---------

The number of directors who accrued benefits under company pension plans was as follows:

	2025	2024
	No.	No.
Defined contribution plans	1	1
	----	----

10. Other interest receivable and similar income

	2025	2024
	£	£
Interest on cash and cash equivalents	2,801	2,473
	-------	-------

11. Interest payable and similar expenses

	2025	2024
	£	£
Interest on obligations under finance leases and hire purchase contracts	3,064	–
	-------	----

12. Tax on profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	–	65,370

Deferred tax:

Origination and reversal of timing differences	33,242	( 31,310)
	--------	--------
Tax on profit	33,242	34,060
	--------	--------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is higher than (2024: higher than) the standard rate of corporation tax in the UK of 25 % (2024: 25 %).

	2025	2024
	£	£
Profit on ordinary activities before taxation	51,993	123,253
	--------	---------
Profit on ordinary activities by rate of tax	12,998	30,812
Effect of expenses not deductible for tax purposes	439	3,247
Effect of capital allowances and depreciation	33,242	( 31,309)
Utilisation of tax losses	9,830	–
Unused tax losses	9,975	–
Increase/(decrease) of deferred tax provision	( 33,242)	31,310
	--------	---------
Tax on profit	33,242	34,060
	--------	---------

13. Dividends

	2025	2024
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )	–	86,000
	----	--------

14. Intangible assets

	Goodwill
	£
Cost
At 1st November 2024 and 31st October 2025	12,001
	--------
Amortisation
At 1st November 2024 and 31st October 2025	12,001
	--------
Carrying amount
At 31st October 2025	–
	--------
At 31st October 2024	–
	--------

15. Tangible assets

	Plant and machinery	Fixtures, fittings and equipment	Commercial vehicles	Total
	£	£	£	£
Cost
At 1st November 2024	2,648,568	394,225	945,011	3,987,804
Additions	467,352	28,013	206,771	702,136
Disposals	( 377,090)	( 143,621)	( 6,200)	( 526,911)
	------------	---------	------------	------------
At 31st October 2025	2,738,830	278,617	1,145,582	4,163,029
	------------	---------	------------	------------
Depreciation
At 1st November 2024	1,481,763	249,729	517,661	2,249,153
Charge for the year	253,467	31,693	101,038	386,198
Disposals	( 279,180)	( 115,474)	( 6,106)	( 400,760)
	------------	---------	------------	------------
At 31st October 2025	1,456,050	165,948	612,593	2,234,591
	------------	---------	------------	------------
Carrying amount
At 31st October 2025	1,282,780	112,669	532,989	1,928,438
	------------	---------	------------	------------
At 31st October 2024	1,166,805	144,496	427,350	1,738,651
	------------	---------	------------	------------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Plant and machinery
	£
At 31st October 2025	299,250
	---------
At 31st October 2024	–
	---------

16. Stocks

	2025	2024
	£	£
Raw materials and consumables	1,404,175	1,068,625
	------------	------------

17. Debtors

	2025	2024
	£	£
Trade debtors	389,417	230,261
Amounts owed by group undertakings	943	–
Prepayments and accrued income	110,955	95,506
Other debtors	3,750	7,000
	---------	---------
	505,065	332,767
	---------	---------

18. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	33,334	39,996
Trade creditors	430,338	74,474
Accruals and deferred income	158,790	126,417
Corporation tax	–	65,370
Social security and other taxes	160,155	183,872
Obligations under finance leases and hire purchase contracts	48,037	–
Director loan accounts	31,747	40,808
	---------	---------
	862,401	530,937
	---------	---------

The bank borrowings are secured by a charge on all the assets of the company dated 01 October 2020.

The outstanding balance on hire purchase contracts is secured on the assets subject to the hire purchase finance.

The aggregate amount of creditors due within one year for which security was given amounted to £81,371 (2024: £39,996).

19. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	33,337
Obligations under finance leases and hire purchase contracts	86,564	–
	--------	--------
	86,564	33,337
	--------	--------

The bank borrowings are secured by a charge on all the assets of the company dated 01 October 2020.

The outstanding balance on hire purchase contracts is secured on the assets subject to the hire purchase finance.

The aggregate amount of creditors due after one year for which security was given amounted to £86,564 (2024: £33,337).

20. Finance leases and hire purchase contracts

The total future minimum lease payments under finance leases and hire purchase contracts are as follows:

	2025	2024
	£	£
Not later than 1 year	54,639	–
Later than 1 year and not later than 5 years	91,065	–
	---------	----
	145,704	–
Less: future finance charges	( 11,103)	–
	---------	----
Present value of minimum lease payments	134,601	–
	---------	----

Certain tangible assets are held under finance leases and hire purchase contracts. The liabilities are secured by the related assets for which the finance was provided (note 14).

21. Provisions

	Deferred tax (note 22)
	£
At 1st November 2024	405,107
Additions	33,242
	---------
At 31st October 2025	438,349
	---------

22. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 21)	438,349	405,107
	---------	---------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	438,349	405,107
	---------	---------

23. Employee benefits

Defined contribution plans

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 158,467 (2024: £ 108,166 ).

24. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	500	500	500	500
	----	----	----	----

The ordinary shares of £1 are not redeemable and entitle the shareholders to vote, receive dividends and participate in a distribution.

25. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	39,600	39,600
Later than 1 year and not later than 5 years	85,800	125,400
	---------	---------
	125,400	165,000
	---------	---------

26. Director's advances, credits and guarantees

At 31 October 2025 the company owed £31,747 (2024: £40,808) to the directors. No interest has been charged to the company in respect of the loan which is repayable on demand and classified under creditors falling due within one year.

27. Related party transactions

The company has taken advantage of the exemption available in Section 33 of FRS102 "Related Party Disclosures" whereby it has not disclosed transactions with the ultimate parent company or any wholly owned subsidiary undertaking of the group.

28. Controlling party

The company's parent company is Autosave Holdings Limited , a company incorporated in England and Wales. The ultimate controlling party of the company is Mr R Packun.