REGISTERED NUMBER: 01644542 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

ABBEY FORGED PRODUCTS LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

7

Income Statement

10

Other Comprehensive Income

11

Statement of Financial Position

12

Statement of Changes in Equity

13

Notes to the Financial Statements

14

DIRECTORS:

Mrs J M Neal

Mr J S Neal

Mrs G Green

Mr S Green

SECRETARY:

Mrs J M Neal

REGISTERED OFFICE:

Beeley Wood Works

Beeley Wood Lane

Sheffield

South Yorkshire

S6 1ND

REGISTERED NUMBER:

01644542 (England and Wales)

AUDITORS:

SMH Group Audit

Statutory Auditors

5 Westbrook Court

Sharrow Vale Road

Sheffield

South Yorkshire

S11 8YZ

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

REVIEW OF BUSINESS

Turnover for the year decreased by approximately 4%, reflecting softer demand conditions and a continued normalisation of trading levels following prior year volatility. Despite this, overall profitability still increased by 13% from the previous year.This improvement has been driven by a combination of improved gross margins, cost control measures, and a reduction in energy and input cost pressures compared to the prior year.

The prior year was significantly impacted by global economic pressures, including elevated energy costs and wider inflationary pressures linked in part to geopolitical instability. While some of these pressures have eased during the current year, uncertainty remains in relation to energy markets, raw material pricing and broader economic conditions.

Looking ahead, the directors remain confident in the company’s outlook. The business is well positioned within its niche of high-quality forged products, with a strong customer base and continued focus on higher margin work. Ongoing investment in plant, technology and operational efficiency is expected to support future growth in both revenue and profitability.

FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES

Risk is present in all businesses. The directors consider the major risks and uncertainties at this point in time are:

1. Product Mix

Commodity-like steel products face higher degrees of competition and are more exposed to price volatility. The company produces higher value added products that provide above average margins, stable volumes and contribute to a reduction on relative earnings fluctuations.

2. Raw Material Position

The cost efficiency of the company's operations is highly dependent on the cost and availability of raw materials. The company does not rely too heavily on one major supplier for raw materials, which gives the company access to readily available raw materials at competitive prices.

3. Market Volatility

Being that the company operates in the steel industry, its earnings are exposed to cyclical changes to supply and demand, resulting in price fluctuations which can lead to varied and volatile financial performance. Management have significant experience in the steel industry which allows them to take a proactive response to cyclical changes in order to reduce the risk that market volatility has on the company's financial performance.

PERFORMANCE MONITORING

The board monitors the company's performance in a number of ways including key performance indicators. The key financial performance indicators for the company are as follows:

2025

2024

£

£

Revenue

40,310,887

42,095,692

Return On Capital Employed

47%

54.1%

Operating Profit per Employee

70,082

63,769

Turnover per Employee

220,278

232,573

Gross Profit Margin

40%

35%

Operating Profit Margin

31.8%

27.4%

Current Ratio

1.39:1

1.22:1

The revenue indicator represents the value of goods delivered to customers in the year and measures sales reduction in value terms.

The return on capital employed indicator represents the value of return to the shareholder in the year through the activities of the business and measures return in value terms.

The operating profit per employee indicator represents the contribution per employee to overall profit levels and measures growth per employee in value terms.

The turnover per production employee indicator represents the value of sales output per employee and measures production efficiency in value terms.

The gross profit margin is calculated by dividing gross profit by revenue and measures the total profitability of product sales.

The operating profit margin is the profit generated by the company from operations excluding finance and investment income and costs before taxation. This indicator measures the overall profitability of the business for the year.

The current ratio indicator represents the value of the company's current assets to its current liabilities and measures the ability of the company to finance its current liabilities from business operations as they fall due.

The board also considers the following key non-financial performance indicators:

1. Customer mix against plans.

2. Sales activities measured against results.

These non-financial indicators are reviewed regularly by the board.

ON BEHALF OF THE BOARD:

Mrs J M Neal - Director

13 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 manufacture of high quality forgings.

DIVIDENDS

Particulars of dividends are detailed on note 8 to the financial statements.

FUTURE DEVELOPMENTS

The company plans to continue growth in future years and the directors are focused and confident regarding business development in the future. The Directors expect their overall general investments within the company to increase the company's trade and profits in future years.

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS

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

Mrs J M Neal

Mr J S Neal

Mrs G Green

Mr S Green

Other changes in directors holding office are as follows:

Mr R S Neal ceased to be a director after 31 October 2025 but prior to the date of this report.

FINANCIAL INSTRUMENTS

The company's principal financial instruments comprise of bank balances, trade creditors, trade debtors and loans both to and from the company between entities within the group.

Due to the nature of the financial instruments used by the company there is no exposure to price risk. The company's approach to managing other risks applicable to the financial instruments concerned is shown below.

In respect of bank balances the liquidity risk is managed by maintaining a balance in order to ensure all due amounts can be paid within the deadlines stipulated when credit is taken. The company makes use of additional funds held in excess of that required for day to day running of the company by investing them in high interest accounts. These have instant access to ensure money is available where required to meet any day to day demands on cash flow.

In respect of loans to and from the company, these comprise of loans both from and to directors and to employees. The loans to and from directors and to employees are interest free and payable on demand. The directors are aware of the company's financial position and would not withdraw funds unless the company had sufficient funds to satisfy the day to day running of the business.

Trade debtors are managed in respect of credit and cash flow risk by the regular monitoring of amounts outstanding for time limits.

Trade creditors liquidity risk is managed by ensuring sufficient funds are available to meet the amounts due.

DONATIONS AND EXPENDITURE

During the year the company made charitable donations to the following charities;

Kings Trust - £14,600

Superstars Mix - £13,235

The Princes Trust Charity - £12,000

The Childrens Hospital Charity - £9,375

Outward Bound - £5,000

Charity Clay Shoot - £4,500

Chatsworth Charity - £3,510

Sole Sisters Charity - £2,995

Rainbow Trust - £2,150

Wooden Spoon Charity - £950

Various smaller donations - £3,198

DIRECTORS INDEMNITY PROVISIONS

The directors have been granted a qualifying third party indemnity provision under Section 234 of the Companies Act 2006. This indemnity does not provide cover in the event of a director being proven to have acted fraudulently or dishonestly.

EMPLOYEE POLICIES

The company has equal opportunities policies which are applied to job applicants and existing employees.

Full and fair consideration is given to the employment of disabled persons and the company has made, and will continue to make every effort to retain and assist individuals disabled in the course of their employment and to help with their rehabilitation.

Employees are made aware of the financial and economic factors affecting the achievements of the company for which they work and the way in which their personal contributions are of fundamental importance to the further success of the business.

DISCLOSURE IN THE STRATEGIC REPORT

The directors have chosen to disclose in their strategic report information including a fair review of business in the period alongside comments surrounding the financial risk management objectives and policies of the entity. This is also accompanied by a detailed performance monitoring section containing KPI's the directors feel measure the entity most accurately.

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.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website and for following applicable accounting standards.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

AUDITORS

The auditors, SMH Group Audit, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mrs J M Neal - Director

13 July 2026

Opinion

We have audited the financial statements of Abbey Forged Products Limited (the 'company') for the year ended 31 October 2025 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and 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 pages five and six, 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:

Our assessment of the susceptibility to material misstatement, whether by fraud or error, is made in a risk based

approach.

In this approach, laws and regulations applicable to the entity, such as the Companies Act 2006, United Kingdom

Generally Accepted Accounting Practice including Financial Reporting Standard 102, the relevant tax compliance

regulations within the UK, employment law, and Health and Safety law is considered, and the policies and controls the entity has in place to comply with these laws are reviewed, by discussion, reviews of correspondence and registrations monitored by external bodies. The engagement team remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Policies and controls relating to the risk of material misstatement as a result of fraud, management override of controls, and revenue recognitions are also considered. These are assessed by obtaining an understanding of the company's operations and control environment. The policies and controls have been reviewed by discussion, review and sample testing of accounting entries, including journals, challenging assumptions and judgements, reviewing and evaluating related parties transactions, and wider background searches. Testing of income recognition and cut off is also completed.

We have ensured that the engagement team have appropriate levels of competence and experience to effectively

monitor these risks and carry out work relevant to our assessment of each risk, including consideration of the industry the company operates in and its size and complexity.

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.

James Salim FCCA (Senior Statutory Auditor)

for and on behalf of SMH Group Audit

Statutory Auditors

5 Westbrook Court

Sharrow Vale Road

Sheffield

South Yorkshire

S11 8YZ

13 July 2026

TURNOVER

3

40,310,887

42,095,692

Cost of sales

24,321,081

27,367,776

GROSS PROFIT

15,989,806

14,727,916

Administrative expenses

3,177,563

3,579,487

12,812,243

11,148,429

Other operating income

500

393,802

OPERATING PROFIT

5

12,812,743

11,542,231

Interest receivable and similar income

922,459

506,809

13,735,202

12,049,040

Interest payable and similar expenses

6

133,063

262

PROFIT BEFORE TAXATION

13,602,139

12,048,778

Tax on profit

7

3,410,379

2,905,417

PROFIT FOR THE FINANCIAL YEAR

10,191,760

9,143,361

PROFIT FOR THE YEAR

10,191,760

9,143,361

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

10,191,760

9,143,361

FIXED ASSETS

Tangible assets

9

13,452,466

12,885,991

Investments

10

178,547

178,547

13,631,013

13,064,538

CURRENT ASSETS

Stocks

11

784,557

925,776

Debtors

12

23,234,162

25,099,171

Investments

13

12,707,795

4,855,514

Cash at bank and in hand

11,878,085

14,526,802

48,604,599

45,407,263

CREDITORS

Amounts falling due within one year

14

34,963,614

37,138,581

NET CURRENT ASSETS

13,640,985

8,268,682

TOTAL ASSETS LESS CURRENT LIABILITIES

27,271,998

21,333,220

PROVISIONS FOR LIABILITIES

15

406,676

159,658

NET ASSETS

26,865,322

21,173,562

CAPITAL AND RESERVES

Called up share capital

16

100

100

Retained earnings

17

26,865,222

21,173,462

SHAREHOLDERS' FUNDS

26,865,322

21,173,562

The financial statements were approved by the Board of Directors and authorised for issue on 13 July 2026 and were signed on its behalf by:

Mrs J M Neal - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 November 2023

100

22,230,101

22,230,201

Changes in equity

Dividends

-

(10,200,000

)

(10,200,000

)

Total comprehensive income

-

9,143,361

9,143,361

Balance at 31 October 2024

100

21,173,462

21,173,562

Changes in equity

Dividends

-

(4,500,000

)

(4,500,000

)

Total comprehensive income

-

10,191,760

10,191,760

Balance at 31 October 2025

100

26,865,222

26,865,322

1.	STATUTORY INFORMATION

Abbey Forged Products 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows.

Preparation of consolidated financial statements

The financial statements contain information about Abbey Forged Products Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, The Abbey Group UK Ltd, Beeley Wood Works, Sheffield, S6 1ND.

Turnover

Turnover is the amount derived from ordinary activities measured at the fair value of the consideration received or receivable. The stated amount is after trade discounts, other sales taxes and Value Added Tax, in accordance with FRS102 Section 23.

Tangible fixed assets

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

Freehold property

-

not provided

Long leasehold

-

not provided

Plant and machinery

-

10% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

15% on reducing balance

Computer equipment

-

33% on cost

The directors consider that freehold properties are maintained in such a state of repair that their residual value is at least equal to their net book values. As a result, the corresponding depreciation would not be material and therefore is not charged in the profit and loss account.

The directors perform annual impairment reviews in accordance with the requirements of FRS102 Section 17 and Section 27 to ensure that the carrying value is not lower than the recoverable amount.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3.

TURNOVER

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

An analysis of turnover by geographical market is given below:

2025

2024

£

£

UK

32,566,269

34,962,584

Europe

3,972,034

3,265,649

Rest of World

3,772,584

3,867,459

40,310,887

42,095,692

4.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

6,967,924

6,508,218

Social security costs

832,666

687,807

Other pension costs

193,215

185,296

7,993,805

7,381,321

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

2025

2024

Production and Manual

133

135

Administration

50

46

183

181

2025

2024

£

£

Directors' remuneration

49,350

49,260

Directors' pension contributions to money purchase schemes

573

571

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

Money purchase schemes

5

5

5.	OPERATING PROFIT

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

2025

2024

£

£

Other operating leases

27,504

27,504

Depreciation - owned assets

400,833

405,596

Profit on disposal of fixed assets

(410,341

)

(17,600

)

Auditors' remuneration

11,000

15,000

Auditors' remuneration for non audit work

32,559

31,365

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Interest on overdue taxation

133,063

262

7.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

3,163,361

2,794,071

Deferred tax

247,018

111,346

Tax on profit

3,410,379

2,905,417

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2025

2024

£

£

Profit before tax

13,602,139

12,048,778

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

3,400,535

3,012,195

Effects of:

Expenses not deductible for tax purposes

18,570

9,129

Capital allowances in excess of depreciation

(247,018

)

(116,059

)

Deferred Tax

247,018

111,346

R&D enhanced deduction

-

(49,163

)

Group relief

(8,726

)

(62,031

)

Total tax charge

3,410,379

2,905,417

8.

DIVIDENDS

2025

2024

£

£

Interim

4,500,000

10,200,000

9.	TANGIBLE FIXED ASSETS

Freehold

Long

Plant and

property

leasehold

machinery

£

£

£

COST

At 1 November 2024

10,546,075

377,307

6,925,123

Additions

14,202

-

842,522

Disposals

-

-

(1,516,129

)

At 31 October 2025

10,560,277

377,307

6,251,516

DEPRECIATION

At 1 November 2024

-

-

5,454,629

Charge for year

-

-

261,250

Eliminated on disposal

-

-

(1,515,979

)

At 31 October 2025

-

-

4,199,900

NET BOOK VALUE

At 31 October 2025

10,560,277

377,307

2,051,616

At 31 October 2024

10,546,075

377,307

1,470,494

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 November 2024

261,568

594,923

291,974

18,996,970

Additions

9,238

111,967

40,500

1,018,429

Disposals

(12,503

)

(157,046

)

(20,952

)

(1,706,630

)

At 31 October 2025

258,303

549,844

311,522

18,308,769

DEPRECIATION

At 1 November 2024

232,273

281,653

142,424

6,110,979

Charge for year

13,253

51,079

75,251

400,833

Eliminated on disposal

(12,503

)

(106,075

)

(20,952

)

(1,655,509

)

At 31 October 2025

233,023

226,657

196,723

4,856,303

NET BOOK VALUE

At 31 October 2025

25,280

323,187

114,799

13,452,466

At 31 October 2024

29,295

313,270

149,550

12,885,991