REGISTERED NUMBER: 07443795 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

VEHICLE ACCESSORIES SOLUTIONS LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

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:

Mr J L Haycock

Mr J A Haycock

Mrs S L Long

REGISTERED OFFICE:

Latchford House

Shenstone Business Park Lynn Lane

Shenstone

Lichfield

WS14 0SB

REGISTERED NUMBER:

07443795 (England and Wales)

AUDITORS:

HB&O Ltd

Chartered Accountants and Statutory Auditor

Highdown House

11 Highdown Road

Leamington Spa

Warwickshire

CV31 1XT

The directors present their strategic report for the year ended 30 November 2025.

REVIEW OF BUSINESS

The directors consider the year's performance good in what remains a challenging environment, with revenue growth and investment in staffing delivering solid earnings whilst providing a strong foundation for future growth.

Turnover for the year increased to £14,484,448 (2024: £14,209,151). Gross profit increased to £7,401,926 from £6,669,750 representing a 51.1% Gross margin (2024: 46.9%).

Key performance indicators (KPIs)

Management monitors performance using financial and non-financial KPIs, including:

1. Revenue growth and gross margin.

2. Operating profit.

3. Customer retention and order volumes.

4. Inventory turnover and cash conversion.

These measures assist the directors in evaluating progress against strategic objectives.

With the aforementioned, the directors and management are pleased with the company's overall financial performance during the year.

PRINCIPAL RISKS AND UNCERTAINTIES

The company operates in a competitive and dynamic commercial environment and is exposed to a variety of risks. The directors have implemented processes designed to identify, evaluate, and manage these risks where practicable.

Sales and margins may be affected by pricing volatility arising from changes in input costs, supplier pricing, and market conditions. Management monitors cost movements and reviews pricing strategies and margins regularly to mitigate adverse effects.

The company sources products from overseas suppliers and is therefore exposed to foreign exchange risk, supplier disruption, and logistics challenges. Exchange rate fluctuations may impact product costs and profitability. These risks are managed through ongoing supplier review, diversification of the supply base, forward planning of purchases, and inventory management.

Changes in relevant laws and regulations, including product standards, consumer protection, and taxation, may impose additional obligations or costs. The company monitors regulatory developments and seeks professional advice when required.

Operational risks include systems failures, cybersecurity threats, and process inefficiencies. Controls include IT safeguards, data protection measures, and periodic review of internal procedures.

The company is exposed to typical financial risks such as credit risk, liquidity risk and interest rate risk. These are managed through credit control policies, cash flow monitoring, and prudent financing arrangements.

FUTURE DEVELOPMENT

The directors believe the company will be able to continue to trade profitably throughout 2025/2026 and beyond. Attention in the short term has been on managing working capital and raw material inventory so that lead times can be honoured to customers. Cashflow remains healthy, with the directors in the opinion that the company can continue to operate within its current and future financial parameters and so continue to meet its debts as they fall due.

The long-term strategy is to grow market share and profitability.

Looking ahead, the directors intend to continue pursuing sustainable growth and operational stability. Key areas of focus include:

1. Expansion and optimisation of the product range in response to customer needs and market trends.

2. Continued emphasis on cost management and operational efficiency.

3. Investment in systems, processes, and capabilities to support scalable growth.

4. Strengthening of supplier and customer partnerships.

The directors remain cautiously optimistic about the company's prospects, while recognising the ongoing uncertainties within the wider economic and trading environment.

ON BEHALF OF THE BOARD:

Mrs S L Long - Director

10 July 2026

The directors present their report with the financial statements of the company for the year ended 30 November 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of design, manufacture and installation of vehicle safety systems.

DIVIDENDS

The total distribution of ordinary dividends for the year ended 30 November 2025 will be £3,391,826 (2024: £2,991,000).

DIRECTORS

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

Mr J L Haycock

Mr J A Haycock

Mrs S L Long

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 or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:

Mrs S L Long - Director

10 July 2026

Opinion

We have audited the financial statements of Vehicle Accessories Solutions Limited (the 'company') for the year ended 30 November 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 30 November 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 four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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

Auditors' responsibilities for the audit of the financial statements

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

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

The audit process includes an assessment of the entity's risk environment, through enquiry of and discussion with management, including an assessment of any key laws and regulations with which the company must comply in the ordinary course of its business.

Additionally, the overall risks of irregular transactions occurring are assessed following our observations and confirmation of the design and implementation of management's controls. Whilst we are mindful of these risks, our audit focus is geared towards the risk of material misstatement in the financial statements as a whole.

As such, our procedures cannot guarantee that all transactions have been fully compliant with all relevant laws and regulations, including those regulations relating to fraud, as our procedures are not designed to detect all instances of non-compliance. By definition, the risk of our detection of non-compliance is greater where compliance with a law or regulation is removed from the events and transactions reflected in the financial statements. The risk is also greater regarding irregularities due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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.

Gregg Olner MPhil BA (Hons) FCA (Senior Statutory Auditor)

for and on behalf of HB&O Ltd

Chartered Accountants and Statutory Auditor

Highdown House

11 Highdown Road

Leamington Spa

Warwickshire

CV31 1XT

10 July 2026

TURNOVER

3

14,484,448

14,209,151

Cost of sales

7,082,522

7,539,401

GROSS PROFIT

7,401,926

6,669,750

Distribution costs

67,098

85,091

Administrative expenses

3,340,481

2,299,917

3,407,579

2,385,008

3,994,347

4,284,742

Other operating income

-

86,581

OPERATING PROFIT

5

3,994,347

4,371,323

Interest receivable and similar income

16,490

51,531

4,010,837

4,422,854

Interest payable and similar expenses

6

89,378

23,522

PROFIT BEFORE TAXATION

3,921,459

4,399,332

Tax on profit

7

959,633

1,235,429

PROFIT FOR THE FINANCIAL YEAR

2,961,826

3,163,903

PROFIT FOR THE YEAR

2,961,826

3,163,903

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

2,961,826

3,163,903

FIXED ASSETS

Intangible assets

9

9,333

-

Tangible assets

10

215,644

113,491

224,977

113,491

CURRENT ASSETS

Stocks

11

4,125,381

3,663,878

Debtors

12

4,652,880

5,705,613

Cash at bank

1,060,991

1,050,658

9,839,252

10,420,149

CREDITORS

Amounts falling due within one year

13

2,022,050

2,079,636

NET CURRENT ASSETS

7,817,202

8,340,513

TOTAL ASSETS LESS CURRENT LIABILITIES

8,042,179

8,454,004

PROVISIONS FOR LIABILITIES

16

35,479

17,304

NET ASSETS

8,006,700

8,436,700

CAPITAL AND RESERVES

Called up share capital

17

100

100

Retained earnings

18

8,006,600

8,436,600

SHAREHOLDERS' FUNDS

8,006,700

8,436,700

The financial statements were approved by the Board of Directors and authorised for issue on 10 July 2026 and were signed on its behalf by:

Mrs S L Long - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 December 2023

100

8,263,697

8,263,797

Changes in equity

Dividends

-

(2,991,000

)

(2,991,000

)

Total comprehensive income

-

3,163,903

3,163,903

Balance at 30 November 2024

100

8,436,600

8,436,700

Changes in equity

Dividends

-

(3,391,826

)

(3,391,826

)

Total comprehensive income

-

2,961,826

2,961,826

Balance at 30 November 2025

100

8,006,600

8,006,700

Cash flows from operating activities

Cash generated from operations

1

5,006,498

3,059,777

Interest paid

(89,378

)

(23,522

)

Tax paid

(1,225,951

)

(844,108

)

Net cash from operating activities

3,691,169

2,192,147

Cash flows from investing activities

Purchase of intangible fixed assets

(10,000

)

-

Purchase of tangible fixed assets

(162,225

)

(30,625

)

Sale of tangible fixed assets

6,813

-

Interest received

16,490

51,531

Net cash from investing activities

(148,922

)

20,906

Cash flows from financing activities

Intercompany loan payments in the year

(168,322

)

-

Amount introduced by directors

184,468

-

Amount withdrawn by directors

(156,234

)

(34,379

)

Equity dividends paid

(3,391,826

)

(2,991,000

)

Net cash from financing activities

(3,531,914

)

(3,025,379

)

Increase/(decrease) in cash and cash equivalents

10,333

(812,326

)

Cash and cash equivalents at beginning of year

2

1,050,658

1,862,984

Cash and cash equivalents at end of year

2

1,060,991

1,050,658

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

2025

2024

£

£

Profit before taxation

3,921,459

4,399,332

Depreciation charges

43,013

35,678

Loss on disposal of fixed assets

10,913

3,281

Finance costs

89,378

23,522

Finance income

(16,490

)

(51,531

)

4,048,273

4,410,282

Increase in stocks

(461,503

)

(779,377

)

Decrease/(increase) in trade and other debtors

1,192,823

(996,208

)

Increase in trade and other creditors

226,905

425,080

Cash generated from operations

5,006,498

3,059,777

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 30 November 2025

30.11.25

1.12.24

£

£

Cash and cash equivalents

1,060,991

1,050,658

Year ended 30 November 2024

30.11.24

1.12.23

£

£

Cash and cash equivalents

1,050,658

1,862,984

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.12.24

Cash flow

At 30.11.25

£

£

£

Net cash

Cash at bank

1,050,658

10,333

1,060,991

1,050,658

10,333

1,060,991

Total

1,050,658

10,333

1,060,991

1.	STATUTORY INFORMATION

Vehicle Accessories Solutions 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.

The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £1.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Critical accounting judgements and key sources of estimation uncertainty

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

Accounting estimates:

i) Inventory provisioning

The company has historically committed to significant stock holding to ensure lead times are optimised and to take account of changes in economic cycles and sentiments in the wider industry. Stock includes various electrical components and ancillary items such as cables, camera systems used in the design and manufacture of the company's road safety systems. The inventory held is monitored by management with returns held within a separate warehouse location to determine the appropriate provisioning required. See note 11 to the financial statements for further disclosure.

Accounting judgements:

i) Operating leases

The company utilises assets which it does not own and pays for on an ongoing basis. In making the judgement as to whether such arrangements constitute finance leases or operating leases, management have assessed where the substantial risk and rewards of the ownership of the assets fall, and assessed that the counter-party, rather than the company, bears substantially all of the risks and rewards of ownership of the assets.

Turnover

Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on despatch of the goods.

Rendering of services

Turnover from rendering of services is recognised in respect of service contracts when the company obtains the right to consideration. This is based on completion of specific maintenance and/or service assignments on specific installations made. This is usually on signed confirmation from the customer confirming the fulfilment of the assignment.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Fixtures & fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Stocks

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

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 written off in the year in which it is incurred.

Foreign currencies

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

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.

Financial instruments

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement.

3.

TURNOVER

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

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

2025

2024

£

£

Sale of goods

10,679,108

10,773,017

Rendering of services

3,805,340

3,436,134

14,484,448

14,209,151

An analysis of turnover by geographical market is given below:

2025

2024

£

£

United Kingdom

14,360,968

13,963,231

Europe

118,512

227,971

Rest of the world

4,968

17,949

14,484,448

14,209,151

4.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

1,821,278

1,175,459

Social security costs

297,745

134,576

Other pension costs

79,410

191,724

2,198,433

1,501,759

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

2025

2024

Administration

48

35

2025

2024

£

£

Directors' remuneration

149,614

41,456

Directors' pension contributions to money purchase schemes

60,000

180,000

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

Money purchase schemes

3

3

5.	OPERATING PROFIT

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

2025

2024

£

£

Hire of plant and machinery

3,745

2,817

Other operating leases

142,006

133,848

Depreciation - owned assets

42,346

35,678

Loss on disposal of fixed assets

10,913

3,281

Computer software amortisation

667

-

Auditors' remuneration

16,000

12,500

Foreign exchange differences

(12,006

)

(35,650

)

Other operating leases - motor vehicles

38,820

13,714

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Factoring charges

70,908

23,498

Interest payable

18,470

24

89,378

23,522

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

962,804

1,122,371

R&D tax adjustment in respect

of previous period

-

113,235

R&D tax credit

(21,346

)

-

Total current tax

941,458

1,235,606

Deferred tax

18,175

(177

)

Tax on profit

959,633

1,235,429

UK corporation tax has been charged at 25% (2024 - 25%).

Reconciliation of total tax charge included in profit and loss

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

2025

2024

£

£

Profit before tax

3,921,459

4,399,332

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

980,365

1,099,833

Effects of:

Expenses not deductible for tax purposes

4,776

20,886

Capital allowances in excess of depreciation

(4,162

)

-

Depreciation in excess of capital allowances

-

1,475

R&D tax (credit)/charge

(21,346

)

113,235

Total tax charge

959,633

1,235,429

UK corporation tax has been charged at 25% (2024: 25%).

During the year, the UK corporation tax rate was 25% and is set to remain at 25% for the foreseeable future.

8.

DIVIDENDS

2025

2024

£

£

Ordinary shares of £1 each

Interim

3,391,826

2,991,000