REGISTERED NUMBER: 03510913 (England and Wales)

STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

LASER ELECTRICAL SERVICES LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Income Statement

8

Other Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Cash Flow Statement

12

Notes to the Cash Flow Statement

13

Notes to the Financial Statements

14

DIRECTORS:

M Butcher

J J Chambers

S Baker

J Piddington

J McFarlane

J N Taylor

S Antrobus

J Draper

SECRETARY:

J N Taylor

REGISTERED OFFICE:

Chelmsford Business Park

11 Springfield Lyons Approach

Chelmsford

Essex

CM2 5LB

REGISTERED NUMBER:

03510913 (England and Wales)

SENIOR STATUTORY AUDITOR:

Simon Medcalf FCA

AUDITORS:

Xeinadin Audit Limited

Beckwith Barn

Warren Estate

Lordship Road

Writtle

Essex

CM1 3WT

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

REVIEW OF BUSINESS

The principal activity of the business is Electrical Installation Engineers.

The directors are pleased to report that turnover for the 12-month period amounted to £22.3m. While this represents a decrease from the previous year’s turnover of £28.4m, the overall performance remains strong.

The gross profit increased to 19.4% from 18.5% despite material prices continuing to put pressure on these margins. The directors are confident with the experienced team at Laser Electrical Services that the company will continue to generate positive results and continue to remain profitable.

The balance sheet continues to present a very strong position with net assets of £5.6m. The company continues to have sufficient working capital to finance its operating activities.

PRINCIPAL RISKS AND UNCERTAINTIES

The business environment in which the company operates continues to be very challenging with competitive pricing across the industry continuing to put pressure on the company's gross profit margins.

However, having been in the industry for over 25 years the company has an excellent reputation for delivering a high quality service. The work performed by our excellent employees provides the company with a vital advantage over our competitors.

Uncertainty remains in the new build housing market as well as the construction industry in general. However our orderbook is strong and with our diverse client base and varied range of work, we remain confident of our future financial results.

FUTURE DEVELOPMENTS

Since the year end our orderbook is at it’s highest level for three years which is extremely encouraging. We have also managed to secure contracts with a number of new clients to further diversify our client base.

KEY PERFORMANCE INDICATORS

2025

2024

£

£

Turnover

22,300,199

28,406,996

Gross profit margin %

19.4%

18.5%

Profit before tax

1,088,521

1,859,463

EBITDA

1,145,438

1,913,869

Shareholders funds

5,599,676

4,768,702

ON BEHALF OF THE BOARD:

S Baker - Director

16 July 2026

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of electrical installation engineers.

DIVIDENDS

No dividends were declared on the Ordinary shares during the year. The directors do not recommend the payment of a final dividend.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 November 2024 to the date of this report.

M Butcher

J J Chambers

S Baker

J Piddington

J McFarlane

J N Taylor

S Antrobus

J Draper

CHARITABLE DONATIONS

Charitable donations amounting to £43,388 (2024: £42,782) have been paid during the year to support the charity Kids Inspire, who specialise in mental health and trauma recovery support for children, young people and their families.

DISCLOSURE IN THE STRATEGIC REPORT

Items required under Sch. 7 to be disclosed in the directors’ report are set out in the strategic report in accordance with s.414C(11) CA 2006.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

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

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

ON BEHALF OF THE BOARD:

S Baker - Director

16 July 2026

Opinion

We have audited the financial statements of Laser Electrical Services Limited (the 'company') for the year ended 31 October 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

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

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

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

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

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

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Matters on which we are required to report by exception

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

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

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

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

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

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

Responsibilities of directors

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

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

Auditors' responsibilities for the audit of the financial statements

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

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

The objectives of our audit, in respect to irregularities, including fraud, are: to identify and assess the risks 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; to respond appropriately to fraud or suspected fraud identified during the audit, to obtain audit evidence regarding compliance with provisions of applicable laws and regulations, and to respond appropriately to any non-compliance identified. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management.

In identifying and assessing risks of material misstatement in respect of irregularities including fraud and non-compliance with laws and regulations our approach was to consider the following:

- the nature of the industry or sector, control environment and business performance;

- the results of enquiries of management about their own identification and assessment of the risks of irregularities;

- matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

We also obtained an understanding of the legal and regulatory frameworks that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included UK Companies Act, employment law, tax legislation and health and safety.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty.

We assessed the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following areas: recognition of income, and the assessment of expected outcomes of contracts.. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

Our procedures to respond to risks identified included the following:

- reviewing the financial statement disclosures and testing to supporting documentation;

- enquiring of management concerning actual and potential litigation and claims;

- reviewing material legal costs in the period;

- performing analytical procedures to identify unusual or unexpected relationships;

- reviewing correspondence with HMRC;

- testing the appropriateness of judgements made in making accounting estimates, journal entries and other adjustments made by management for indications of potential bias; and

- evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

- completed focused testing on a sample of amounts recoverable on contracts to assess the performance in line with management's forecasts.

The likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity's controls, and the nature, timing and extent of the audit procedures performed. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK).

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

Use of our report

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

Simon Medcalf FCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

Beckwith Barn

Warren Estate

Lordship Road

Writtle

Essex

CM1 3WT

16 July 2026

TURNOVER

4

22,300,199

28,406,996

Cost of sales

17,980,698

23,138,425

GROSS PROFIT

4,319,501

5,268,571

Administrative expenses

3,328,208

3,486,777

991,293

1,781,794

Other operating income

5

6,463

7,278

997,756

1,789,072

Interest receivable and similar income

93,195

70,527

1,090,951

1,859,599

Interest payable and similar expenses

7

2,430

136

PROFIT BEFORE TAXATION

8

1,088,521

1,859,463

Tax on profit

10

264,671

364,025

PROFIT FOR THE FINANCIAL YEAR

823,850

1,495,438

PROFIT FOR THE YEAR

823,850

1,495,438

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

823,850

1,495,438

FIXED ASSETS

Tangible assets

11

183,419

193,702

Investment property

12

190,000

190,000

373,419

383,702

CURRENT ASSETS

Debtors

13

5,003,599

5,072,140

Cash at bank and in hand

4,649,030

4,366,409

9,652,629

9,438,549

CREDITORS

Amounts falling due within one year

14

4,370,623

4,290,384

NET CURRENT ASSETS

5,282,006

5,148,165

TOTAL ASSETS LESS CURRENT LIABILITIES

5,655,425

5,531,867

CREDITORS

Amounts falling due after more than one year

15

-

(705,613

)

PROVISIONS FOR LIABILITIES

18

(55,749

)

(57,552

)

NET ASSETS

5,599,676

4,768,702

CAPITAL AND RESERVES

Called up share capital

19

200

200

Retained earnings

20

5,599,476

4,768,502

SHAREHOLDERS' FUNDS

5,599,676

4,768,702

The financial statements were approved by the Board of Directors and authorised for issue on 16 July 2026 and were signed on its behalf by:

S Baker - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 November 2023

200

3,521,718

3,521,918

Changes in equity

Profit for the year

-

1,495,438

1,495,438

Total comprehensive income

-

1,495,438

1,495,438

Capital contributions to

Employee Ownership Trust

-

(252,800

)

(252,800

)

Share based payment

-

4,146

4,146

Total transactions with owners, recognised directly in equity

-

(248,654

)

(248,654

)

Balance at 31 October 2024

200

4,768,502

4,768,702

Changes in equity

Profit for the year

-

823,850

823,850

Total comprehensive income

-

823,850

823,850

Share based payment

-

7,124

7,124

Total transactions with owners, recognised directly in equity

-

7,124

7,124

Balance at 31 October 2025

200

5,599,476

5,599,676

Cash flows from operating activities

Cash generated from operations

1

1,134,410

888,214

Interest paid

(258,043

)

(49,638

)

Tax paid

(192,737

)

(554,995

)

Net cash from operating activities

683,630

283,581

Cash flows from investing activities

Purchase of tangible fixed assets

(44,412

)

(116,014

)

Sale of tangible fixed assets

208

11,800

Interest received

93,195

70,527

Net cash from investing activities

48,991

(33,687

)

Cash flows from financing activities

Loan repayments in year

(450,000

)

(450,000

)

Capital contributions to EOT

-

(252,800

)

Net cash from financing activities

(450,000

)

(702,800

)

Increase/(decrease) in cash and cash equivalents

282,621

(452,906

)

Cash and cash equivalents at beginning of year

2

4,366,409

4,819,315

Cash and cash equivalents at end of year

2

4,649,030

4,366,409

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

2025

2024

£

£

Profit before taxation

1,088,521

1,859,463

Depreciation charges

53,319

55,770

Loss/(profit) on disposal of fixed assets

1,168

(1,500

)

Share based payment

7,124

4,146

Finance costs

2,430

136

Finance income

(93,195

)

(70,527

)

1,059,367

1,847,488

Decrease in trade and other debtors

68,542

190,347

Increase/(decrease) in trade and other creditors

6,501

(1,149,621

)

Cash generated from operations

1,134,410

888,214

2.	CASH AND CASH EQUIVALENTS

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

Year ended 31 October 2025

31/10/25

1/11/24

£

£

Cash and cash equivalents

4,649,030

4,366,409

Year ended 31 October 2024

31/10/24

1/11/23

£

£

Cash and cash equivalents

4,366,409

4,819,315

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1/11/24

Cash flow

At 31/10/25

£

£

£

Net cash

Cash at bank and in hand

4,366,409

282,621

4,649,030

4,366,409

282,621

4,649,030

Debt

Debts falling due after 1 year

(705,613

)

705,613

-

(705,613

)

705,613

-

Total

3,660,796

988,234

4,649,030

1.	STATUTORY INFORMATION

Laser Electrical Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The functional and presentation currency of the financial statements is the Pound Sterling (£).

Amounts in these financial statements are rounded to the nearest Pound Sterling (£).

The financial statements contain information about Laser Electrical Services Limited as an individual company.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates

In applying the company's accounting policies, the directors are required to make judgements. estimates and assumptions in determining the carrying value of assets and liabilities. The directors' judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made and are based on historical experience and other factors that are considered applicable. Due to the inherent sensitivity involved in making judgements, estimates and assumptions, the actual results and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Any revisions to accounting estimates are recognised prospectively. The principal areas where judgement was exercised are as follows:

Amounts recoverable on contracts

The directors have made key assumptions regarding the stage of completion, future costs to complete and collectability of billings of some contracts with customers.

Revenue on services provided under contracts is recognised based on the stage of completion as certified by a qualified surveyor when agreed by both contractual parties.

The company regularly review the ongoing performance of each contract and recognise income by reference to the stage completion of each contract.

The cost management system in place captures all contract costs including those that are committed. Certified applications plus any additional uncertified work performed up to the balance sheet date are reviewed against the corresponding costs that have been incurred. The estimated stage of completion of each contract and the forecasted profit margins are then reviewed against the actuals by the directors and management team.

Based on this review adjustments are then reflected to recognise income in line with the expected contract performance.

Included in debtors, shown as amounts recoverable on contracts, is £1,225,864 (2024: £1,026,411) in respect of amounts not yet invoiced by the company.

Turnover

Turnover represents the fair value of services provided under contracts with customers to the extent that there is right to consideration, and includes monies held on retention. It is measured at the fair value of the consideration due. Where a service is incomplete at the year end, turnover represents the value of the service provided to that date based on an appropriate proportion of the total expected consideration at completion.

The value of incomplete services is included as amounts recoverable on contracts in the balance sheet.

Tangible fixed assets

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

Improvements to property

-

10% on reducing balance

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost net of depreciation and any impairment losses. Depreciation of a tangible fixed assets begins when it is in the location and condition necessary available for the use intended.

Tangible fixed asset depreciation is included in administrative expenses in the Income Statement.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Income Statement.

Financial instruments

The company enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments such as loans, accounts receivable and payable are initially measured at present value and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to paid or received.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development

Expenditure on research and development is charged to the Income Statement in the year in which it is incurred.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

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

Impairment of non-financial assets

At each reporting date non-financial assets not carried at fair value, like plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the Income Statement.

Stocks are also assessed for impairment at each reporting date. The carrying amount of each item of inventory, or group of similar items, is compared with its selling price less costs to complete and sell. If an item of inventory or group of similar items is impaired, its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in the Income Statement.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in the Income Statement.

Borrowing costs

All borrowing costs are recognised in the Income statement in the period in which they are incurred.

4.

TURNOVER

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

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

2025

2024

£

£

Contracts with customers

22,300,199

28,406,996

22,300,199

28,406,996

5.	OTHER OPERATING INCOME

2025

2024

£

£

Rents received

6,463

7,278

6.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

4,077,615

4,403,002

Social security costs

217,739

217,378

Other pension costs

58,004

67,921

4,353,358

4,688,301

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

2025

2024

Weekly

35

37

Monthly

40

40

75

77

2025

2024

£

£

Directors' remuneration

810,315

988,597

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

Money purchase schemes

8

8

Information regarding the highest paid director is as follows:

2025

2024

£

£

Emoluments etc

140,614

177,915

Company contributionsmade in the year toward a money purchase scheme retirement benefit for the highest paid director were £19,593 (2024: £22,596).