REGISTERED NUMBER: 02840500 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

FUTURE PRODUCTS LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Income Statement

9

Other Comprehensive Income

10

Balance Sheet

11

Statement of Changes in Equity

12

Notes to the Financial Statements

13

DIRECTORS:

S G Bower

C Thompson

A M Francis

SECRETARY:

A Francis

REGISTERED OFFICE:

Enterprise Road

Millennium Business Park

Mansfield

Nottinghamshire

NG19 7JX

REGISTERED NUMBER:

02840500 (England and Wales)

AUDITORS:

Beeley Hawley & Co. Ltd

Chartered Accountants

Statutory Auditors

42-44 Nottingham Road

Mansfield

Nottinghamshire

NG18 1BL

The company is principally engaged in the manufacture, sale and distribution of windows, and standard, French, patio, bi-fold, composite and FD30S fire doors.

REVIEW OF BUSINESS

The results for the year and financial position of the company are shown in the annexed financial statements.

The company continued profitability in the year to 31 October 2025. Revenue reported for the year of £19.8m increased in comparison to 2024 (£17.3m) . Pre-tax profits for the year are £289,661 (2024: profit £74,243 after an exceptional impairment of old stock acquired on purchase of the company of £404,391). Gross margin has remained stable at 24.6%.

The company retains a strong balance sheet and is continuing to trade successfully in the current year.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors consider the principal risks and uncertainties faced by the company to be as follows:-

ECONOMIC RISK

The company continues to seek out new and improved product to ensure the volume of trade is enhanced, and continues to employ high standard staff to continue to supply high quality products to give customer satisfaction, itself protecting the company against economic risk as far as it is able to do.

COMPETITION AND SUPPLY RISK

The company has faced reduced competition in their market which has added to turnover and profitability, with fewer operating in our sector. The risk of price competition has been greatly ameliorated, and there is a continuing trend towards increased profitability. The company considers that there is no significant risk to supply chains in this sector because of global changes.

FINANCIAL RISK

The company has budgetary and financial reporting procedures, supported by appropriate key performance indicators to manage credit, liquidity and other financial risk.

The company uses various financial instruments, which include sales invoice financing, hire purchase contracts, and cash to finance its activities. The main purpose of these financial instruments is to raise finance for the company's operations. No transactions of a speculative nature are undertaken. The main risks arising from the company's financial instruments are credit risk and liquidity risk. The directors review and agree policies for managing each of these risks and they are summarised below.

LIQUIDITY RISK

The company seeks to manage financial risk by ensuring sufficient liquidity is available to meet foreseeable needs and to invest cash assets safely and profitably.

CREDIT RISK

The company's principal financial assets are cash and trade debtors. The credit risk associated with the cash is limited as the counterparties have high credit ratings assigned by international credit-rating agencies. The principal credit risk arises therefore from trade debtors. In order to manage credit risk the directors set limits for customers based on a combination of payment history and third party credit references. Credit limits are reviewed by the commercial manager, credit controller and the directors on a regular basis in conjunction with debt ageing and collection.

The company monitors its performance by reviewing profit before taxation. The company continues to emerge strengthened from recent challenging periods.

ON BEHALF OF THE BOARD:

A Francis - Director

27 July 2026

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

DIVIDENDS

Dividends of £201,032 (2024: £109,990) were paid in the year.

DIRECTORS

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

S G Bower

C Thompson

A M Francis

Other changes in directors holding office are as follows:

M C Lindsey - resigned 31 December 2024

FINANCIAL INSTRUMENTS

The company has a normal level of exposure to price, credit, liquidity and cash flow risks arising from trading activities which are only conducted in sterling. The company does not enter into any hedging transactions.

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.

AUDITORS

The auditors, Beeley Hawley & Co. Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

A Francis - Director

27 July 2026

Opinion

We have audited the financial statements of Future Products 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 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 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:

We focussed on those areas that could give rise to a material misstatement in the company financial statements. Our procedures included, but were not limited to:

- Enquiry of management and those charged with governance around actual and potential litigation and claims, including non-compliance with laws and regulations and fraud;

- Reviewing minutes of meetings of those charged with governance where available;

- Reviewing legal expenditure in the year to identify instances of non-compliance with laws and regulations and fraud

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

- Performing audit work over the risk of management override of controls, including where appropriate testing of journal entries, reviewing individual account balances over the year and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing

accounting estimates for bias.

It is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud.

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

A further description of our responsibilities 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.

Mr G M Beeley (Senior Statutory Auditor)

for and on behalf of Beeley Hawley & Co. Ltd

Chartered Accountants

Statutory Auditors

42-44 Nottingham Road

Mansfield

Nottinghamshire

NG18 1BL

27 July 2026

TURNOVER

3

19,826,381

17,275,048

Cost of sales

14,950,069

13,026,403

GROSS PROFIT

4,876,312

4,248,645

Distribution costs

1,452,048

1,225,675

Administrative expenses

3,120,589

2,936,458

4,572,637

4,162,133

OPERATING PROFIT

5

303,675

86,512

Interest payable and similar expenses

6

14,014

12,269

PROFIT BEFORE TAXATION

289,661

74,243

Tax on profit

7

71,409

21,820

PROFIT FOR THE FINANCIAL YEAR

218,252

52,423

PROFIT FOR THE YEAR

218,252

52,423

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

218,252

52,423

FIXED ASSETS

Tangible assets

10

815,670

534,675

CURRENT ASSETS

Stocks

11

1,386,939

1,346,861

Debtors

12

4,374,406

3,346,180

Cash at bank and in hand

152,255

1,019,305

5,913,600

5,712,346

CREDITORS

Amounts falling due within one year

13

3,721,636

3,607,487

NET CURRENT ASSETS

2,191,964

2,104,859

TOTAL ASSETS LESS CURRENT LIABILITIES

3,007,634

2,639,534

CREDITORS

Amounts falling due after more than one year

14

(366,609

)

(86,403

)

PROVISIONS FOR LIABILITIES

17

(203,729

)

(133,055

)

NET ASSETS

2,437,296

2,420,076

CAPITAL AND RESERVES

Called up share capital

18

22,000

22,000

Retained earnings

19

2,415,296

2,398,076

SHAREHOLDERS' FUNDS

2,437,296

2,420,076

The financial statements were approved by the Board of Directors and authorised for issue on 27 July 2026 and were signed on its behalf by:

A Francis - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 November 2023

22,000

2,455,643

2,477,643

Changes in equity

Profit for the year

-

52,423

52,423

Total comprehensive income

-

52,423

52,423

Dividends

-

(109,990

)

(109,990

)

Balance at 31 October 2024

22,000

2,398,076

2,420,076

Changes in equity

Profit for the year

-

218,252

218,252

Total comprehensive income

-

218,252

218,252

Dividends

-

(201,032

)

(201,032

)

Balance at 31 October 2025

22,000

2,415,296

2,437,296

1.	STATUTORY INFORMATION

Future 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.

The financial statements are prepared in Sterling which is the functional currency of the company.

Financial Reporting Standard 102 - reduced disclosure exemptions

As permitted by FRS102 Section 1.12, the company has taken advantage of the disclosure exemptions available under that standard in relation to the presentation of a cash flow statement and the aggregate remuneration of key management personnel. Where required, equivalent disclosures are given in the group accounts of Bright Futures Notts Ltd. The group accounts of Bright Futures Notts Ltd are available and can be obtained as set out in our note 22.

Significant judgements and estimates

The company makes estimates and assumptions concerning the future. The directors are also required to exercise judgement in the process of applying the company's accounting policies. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The estimates and assumptions that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

In preparing these financial statements, the directors have made the following judgements:

Impairment of non-current assets

The company assesses the impairment of leasehold alterations, plant and machinery, motor vehicles and fixtures and fittings, subject to depreciation whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Factors considered important that could trigger an impairment review include the following:

• significant underperformance relative to historical or projected future operating results;

• significant changes in the manner of the use of the acquired assets or the strategy for the overall business;

and

• significant negative industry or economic trends.

Carrying value of stocks

The directors review the market value of and demand for the company's stocks on a periodic basis to ensure stock is recorded in the financial statements at the lower of cost and net realisable value. Any provision for impairment is recorded against the carrying value of stocks. The directors use their knowledge of market conditions, historical experiences and estimates of future events to assess future demand for the company's products and achievable selling prices.

Recoverability of trade debtors

Trade debtors are recognised to the extent that they are judged recoverable. The directors' reviews are performed to estimate the level of reserves required for irrecoverable debt. Provisions are made specifically against invoices where recoverability is uncertain.

The directors make allowances for doubtful debts based on an assessment of recoverability of debtors. Allowances are applied to debtors where events or changes in circumstances indicate that the carrying amounts may not be recoverable. The directors specifically analyse historical bad debts, customer creditworthiness, current economic trends and changes in customer payment terms when making a judgement to evaluate the adequacy of the provision for doubtful debts. Where the expectation is different from the original estimate, such difference will impact the carrying value of debtors and the charge in the profit and loss account.

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

• The company has transferred the significant risks and rewards of ownership to the buyer;

• The company retains neither continuing managerial involvement to the degree usually associated with

ownership nor effective control over the goods sold;

• The amount of turnover can be measured reliably;

• It is probable that the company will receive the consideration due under the transaction; and

• The costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary to for it to be capable of operating in the manner intended by the directors.

Repairs and maintenance are charged to the profit and loss account during the period in which they are incurred.

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

life or, if held under a finance lease, over the lease term, whichever is the shorter.

Depreciation is provided on the following basis:

Improvements to property

-

10%

Straight line

Plant and machinery

-

20%

Straight line

Fixtures and fittings

-

20%

Straight line

Computer hardware and software

-

33%

Straight line

Motor vehicles

-

25%

Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively 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 profit and loss account.

At each balance sheet date, the directors review the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the directors estimate the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than the carrying amount,the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately in the profit and loss account.

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on an average cost basis.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the profit and loss account.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans from related parties.

All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in the profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid.

3.

TURNOVER

The whole of the turnover is attributable to the principal activity of the company.

All turnover arose within the United Kingdom.

4.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

4,542,147

3,631,260

Social security costs

489,355

329,298

Other pension costs

254,038

195,268

5,285,540

4,155,826

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

2025

2024

Production

135

117

Administration

34

25

169

142

2025

2024

£

£

Directors' remuneration

78,970

193,046

Directors' pension contributions to money purchase schemes

15,523

9,401

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

Money purchase schemes

3

4

5.	OPERATING PROFIT

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

2025

2024

£

£

Other operating leases

28,778

40,969

Depreciation - owned assets

177,457

200,242

Depreciation - assets on hire purchase contracts

38,445

40,018

Profit on disposal of fixed assets

(7,792

)

(23,200

)

Auditors' remuneration

18,950

18,473

Foreign exchange differences

33

5,137

Land and building operating lease rentals

424,766

457,617

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Interest expense

14,014

12,269

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

735

20,884

Deferred tax

70,674

936

Tax on profit

71,409

21,820

UK corporation tax has been charged at 19% (2024 - 22.46%).

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

289,661

74,243

Profit multiplied by the standard rate of corporation tax in the UK of 19% (2024 - 22.465%)

55,036

16,679

Effects of:

Expenses not deductible for tax purposes

(882

)

1,079

Depreciation in excess of capital allowances

17,255

4,062

Total tax charge

71,409

21,820

8.

DIVIDENDS

2025

2024

£

£

Ordinary shares of £1 each

Interim

201,032

109,990

9.	EXCEPTIONAL ITEMS

The company impaired its stock valuation by £Nil (2024: £404,391) during the year.

10.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 November 2024

602,465

2,479,033

116,678

203,175

3,401,351

Additions

-

455,306

41,591

-

496,897

Disposals

-

-

-

(18,418

)

(18,418

)

At 31 October 2025

602,465

2,934,339

158,269

184,757

3,879,830

DEPRECIATION

At 1 November 2024

602,465

2,073,338

93,906

96,967

2,866,676

Charge for year

-

175,127

10,329

30,446

215,902

Eliminated on disposal

-

-

-

(18,418

)

(18,418

)

At 31 October 2025

602,465

2,248,465

104,235

108,995

3,064,160

NET BOOK VALUE

At 31 October 2025

-

685,874

54,034

75,762

815,670

At 31 October 2024

-

405,695

22,772

106,208

534,675

Fixed assets with net book value of £482,260 (2024 : £240,185) were held under hire purchase agreements. The depreciation charge on these assets for the year was £38,445 (2024 :£40,018).

11.

STOCKS

2025

2024

£

£

Raw materials

1,363,647

1,314,491

Work-in-progress

23,292

32,370

1,386,939

1,346,861

Stock recognised in cost of sales during the year as an expense was £11,293,990 (2024: £10,217,033,). An impairment of £nil (2024: £404,391) was made for old stock.

12.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,026,401

883,394

Amounts owed by group undertakings

2,863,508

2,013,508

Other debtors

196,325

126,623

Prepayments

288,172

322,655

4,374,406

3,346,180

13.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 15)

101,464

48,721

Trade creditors

2,600,548

2,522,815

Tax

735

20,884

Social security and other taxes

474,716

417,041

Other creditors

72,380

64,883

Accruals and deferred income

471,793

533,143

3,721,636

3,607,487

14.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 15)

366,609

86,403