REGISTERED NUMBER: 02571154 (England and Wales)

Strategic Report, Report of the Director and

Financial Statements

for the Year Ended 31 October 2025

for

Permoid Industries Limited

Page

Company Information

1

Strategic Report

2

Report of the Director

3

Report of the Independent Auditors

4

Statement of Income and Retained Earnings

8

Balance Sheet

9

Notes to the Financial Statements

10

DIRECTOR:

W El Hage

REGISTERED OFFICE:

Horndale Avenue

Aycliffe Industrial Estate

Co Durham

DL5 6DW

REGISTERED NUMBER:

02571154 (England and Wales)

SENIOR STATUTORY AUDITOR:

Christopher Beaumont BA(Hons) BFP FCA DChA

AUDITORS:

Clive Owen LLP

Chartered Accountants

& Statutory Auditors

Great North House, Allington Way

DARLINGTON

Co Durham

DL1 4QB

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

REVIEW OF BUSINESS

The company's principal activities during the year continued to be that of the fabrication and sale of metal containers and commercial vehicle fuel tanks.

The key financial and other performace indicators during the year 1 November 2024 to 31 October 2025 for comparison were as follows:

2025

2024

Change

£

£

Turnover

20,548,452

19,352,259

6.18%

Operating profit

516,905

561,724

(7.98%

)

Profit before tax for the financial year

124,615

208,229

(40.15%

)

Equity shareholders' funds

3,991,825

3,898,849

2.39%

Number of employees

338

306

Turnover per employee

£60,794

£63,243

Profit before tax for the financial year per employee

£369

£680

Turnover to the period 31 October 2025 in comparison to 31 October 2024 increased by 6.18%. Operating profit decreased by 7.98% and a profit before tax of £124,615 occurred in the year.

PRINCIPAL RISKS AND UNCERTAINTIES

The principal risks and uncertainties facing the company are:

Competitive risk

The company receives a substantial amount of its turnover from a relatively small amount of customers. A fall in activity with these key customers would significantly impact on the turnover of the company.

Exposure to credit risk

Credit risk is the risk that one party to a financial instrument will cause a financial loss for the other party by failing to discharge an obligation. Company policies are aimed at minimising such losses, and require that deferred terms are only granted to customers who demonstrate an appropriate payment history and satisfy credit worthiness procedures. Details of the company's debtors are shown in note 10 to the financial statements.

Liquidity risk

Liquidity risk is the risk that an entity will encounter difficulty in meeting obligations associated with financial liabilities. The company aims to mitigate liquidity risk by managing cash generation by its operations and applying cash collection targets.

ON BEHALF OF THE BOARD:

W El Hage - Director

30 July 2026

The director presents his 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 the fabrication and sale of metal containers and commercial vehicle fuel tanks.

DIVIDENDS

No dividends will be distributed for the year ended 31 October 2025.

FUTURE DEVELOPMENTS

The Directors continue to work with their main customers to ensure they understand their future requirements. 2025-26 has started well with turnover surpassing budgeted expectation. There is a good pipeline of work, with around 2 and a half years of orders already in place. and there are a significant number of good quality enquiries still coming through. The company has invested significantly in research and development over the last couple of years which is helping win additional work, and should lead to increased margins in due course.

DIRECTOR

W El Hage held office during the whole of the period from 1 November 2024 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

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

-	select suitable accounting policies and then apply them consistently;

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the director is 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 he 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, Clive Owen LLP, are deemed to be reappointed under section 487(2) of the Companies Act 2006.

ON BEHALF OF THE BOARD:

W El Hage - Director

30 July 2026

Opinion

We have audited the financial statements of Permoid Industries Limited (the 'company') for the year ended 31 October 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

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

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

Other information

The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, 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 Director 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 Director 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 Director.

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 director's remuneration specified by law are not made; or

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

Responsibilities of director

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

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

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:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, to detect material misstatements in respect of irregularities, including fraud. Our audit must be alert to the risk of manipulation of the financial statements and seek to understand the incentives and opportunities for management to achieve this.

We undertake the following procedures to identify and respond to these risks of non-compliance:

- Understanding the key legal and regulatory frameworks that are applicable to the Company. We communicated identified laws and regulations throughout the audit team and remained alert to any indications of non-compliance throughout the audit. We determined the most significant of these to be: accounting and taxation legislation, health & safety legislation, factory legislation, water treatment and disposal regulations along with standard employment and company law.

- Enquiry of directors and management as to policies and procedures to ensure compliance and any known instances of non-compliance

- Enquiry of directors and management as to areas of the financial statements susceptible to fraud and how these risks are managed

- Challenging management on key estimates, assumptions and judgements made in the preparation of the financial statements. These key areas of uncertainty are disclosed in the accounting policies

- Identifying and testing unusual journal entries, with a particular focus on manual journal entries.

Through these procedures, we did not become aware of actual or suspected non-compliance.

We planned and performed our audit in accordance with auditing standards but owing to the inherent limitations of procedures required in these areas, there is an unavoidable risk that we may not have detected a material misstatement in the accounts. The further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve concealment, collusion, forgery, misrepresentations, or override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

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.

Christopher Beaumont BA(Hons) BFP FCA DChA (Senior Statutory Auditor)

for and on behalf of Clive Owen LLP

Chartered Accountants

& Statutory Auditors

Great North House, Allington Way

DARLINGTON

Co Durham

DL1 4QB

30 July 2026

TURNOVER

3

20,548,452

19,352,259

Cost of sales

(18,814,712

)

(17,548,167

)

GROSS PROFIT

1,733,740

1,804,092

Administrative expenses

(1,216,835

)

(1,242,368

)

OPERATING PROFIT

5

516,905

561,724

Interest payable and similar expenses

6

(392,291

)

(353,495

)

PROFIT BEFORE TAXATION

124,614

208,229

Tax on profit

7

(31,638

)

(45,762

)

PROFIT FOR THE FINANCIAL YEAR

92,976

162,467

Retained earnings at beginning of year

2,730,300

2,567,833

RETAINED EARNINGS AT END OF YEAR

2,823,276

2,730,300

FIXED ASSETS

Tangible assets

8

6,186,583

5,299,313

CURRENT ASSETS

Stocks

9

3,789,334

3,422,673

Debtors

10

4,255,330

3,982,761

8,044,664

7,405,434

CREDITORS

Amounts falling due within one year

11

(8,212,705

)

(7,847,680

)

NET CURRENT LIABILITIES

(168,041

)

(442,246

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,018,542

4,857,067

CREDITORS

Amounts falling due after more than one year

12

(1,660,192

)

(623,331

)

PROVISIONS FOR LIABILITIES

16

(366,525

)

(334,887

)

NET ASSETS

3,991,825

3,898,849

CAPITAL AND RESERVES

Called up share capital

17

650,000

650,000

Revaluation reserve

18

518,549

518,549

Retained earnings

18

2,823,276

2,730,300

SHAREHOLDERS' FUNDS

3,991,825

3,898,849

The financial statements were approved by the director and authorised for issue on 30 July 2026 and were signed by:

W El Hage - Director

1.	STATUTORY INFORMATION

Permoid Industries 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 as modified by the revaluation of certain assets.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Going concern

After reviewing the forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence which cover a period of at least 12 months from the date of approval of these financial statements. The company therefore continues to adopt the going concern basis in preparing its financial statements.

The company has during the year opened new current account banking facilities. They have also reviewed their short term and long term finance facilities and have agreements in principle for these new facilities. The providers of these facilities do not foresee any issues with the legal documents and valuations and they are expected to complete the necessary paperwork and draw down the facilities in August.

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.

Significant judgements and estimates

The preparation of the financial statements requires management to make significant judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The judgements that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:

Stock provisions and WIP valuation - management applies procedures to identify defective, slow moving and obsolete stock. An estimation is made of the price obtainable in the market in which the goods are expected to be sold and any costs of completion of sale are taken into account. The value of stock and WIP is reduced by the deficit between cost and estimated net realisable value of the stock in the form of a stock provision and WIP valuation.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income Recognition

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Tangible fixed assets

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.

Freehold property

-

not provided

Plant and machinery

-

5 - 20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Tangible fixed assets under the cost model are stated at historical cost less any accumulated impairment losses.

Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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 Statement of Comprehensive Income.

Freehold property is carried at valuation at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using open market existing use valuation at the Balance Sheet date.

Valuations are determined from market based evidence, normally undertaken by professional qualified valuers.

Revaluation gains and losses are recognised in the Statement of Comprehensive Income, unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

Stocks

Stocks is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Work in progress is valued as the cost of materials plus a standard rate for labour and overheads, or based on a percentage of the sales price of an item weighted for completion stage. Prices for work in progress items are limited to 65% of sales price for completed items.

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

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

Hire purchase and leasing commitments

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership of the leased asset to the group. All other leases are classified as operating leases.

Assets held under finance leases are recognised initially at the fair value of the leased asset (or, if lower, the present value of minimum lease payments) at the inception of the lease. The corresponding liability to the lessor is included on the balance sheet as a finance lease obligation. Lease payments are apportioned between finance charges and reduction of the lease obligation using the effective interest method so as to achieve a constant rate of interest on the remaining balance of the liability. Finance charges are deducted in measuring profit or loss. Assets held under finance leases are included in tangible fixed assets and depreciated and assessed for impairment losses in the same way as owned assets.

Rentals paid under operating leases are charged to the profit and loss account 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.

The pension contributions payable in the financial statements represent the contribution payable by the company during the year.

Sale and leaseback

Where a sale and leaseback transaction results in a finance lease, no gain is immediately recognised for any excess of sale proceeds over the carrying amount of the asset. Instead, the proceeds are presented as a liability and subsequently measured at amortised cost using the effective interest method. If the carrying value of the asset is in excess of the sale proceeds this loss with be recognised immediately in the profit and loss account.

Invoice financing

The invoice financing creditor represents amounts received in respect of financed debts. There is full recourse to the company for losses on debts, and so the financed debts continue to be recognised on the balance sheet. Interest and other charges relating to invoice financing are recognised in the profit and loss account over the relevant period.

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

£

£

United Kingdom

7,999,678

9,228,458

Rest of world

12,548,774

10,123,801

20,548,452

19,352,259

4.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

10,235,693

9,726,093

Social security costs

1,101,112

820,218

11,336,805

10,546,311

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

2025

2024

Management

7

7

Administration

10

18

Production

321

281

338

306

2025

2024

£

£

Director's remuneration

12,750

100,000

5.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

£

Other operating leases

-

72,000

Depreciation - owned assets

360,683

295,802

Depreciation - assets on hire purchase contracts

88,955

97,114

Loss on disposal of fixed assets

-

1,243

Auditors' remuneration

24,418

22,822

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Bank interest

185,737

273,654

Bank loan interest

165,140

45,732

Hire purchase

41,414

34,109

392,291

353,495

7.

TAXATION

Analysis of the tax charge

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

2025

2024

£

£

Deferred tax

31,638

45,762

Tax on profit

31,638

45,762

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

124,614

208,229

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

31,154

52,057

Effects of:

Expenses not deductible for tax purposes

484

181

Depreciation in excess of capital allowances

-

6,849

Prior year overprovision

-

(13,325

)

Total tax charge

31,638

45,762

8.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST OR VALUATION

At 1 November 2024

3,042,272

8,514,254

363,021

190,986

12,110,533

Additions

999,242

309,888

19,883

7,895

1,336,908

At 31 October 2025

4,041,514

8,824,142

382,904

198,881

13,447,441

DEPRECIATION

At 1 November 2024

-

6,370,151

343,763

97,306

6,811,220

Charge for year

-

409,897

7,674

32,067

449,638

At 31 October 2025

-

6,780,048

351,437

129,373

7,260,858

NET BOOK VALUE

At 31 October 2025

4,041,514

2,044,094

31,467

69,508

6,186,583

At 31 October 2024

3,042,272

2,144,103

19,258

93,680

5,299,313

Cost or valuation at 31 October 2025 is represented by:

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

Valuation in 2012

(67,397

)

-

-

-

(67,397

)

Valuation in 2020

518,549

-

-

-

518,549

Cost

3,590,362

8,824,142

382,904

198,881

12,996,289

4,041,514

8,824,142

382,904

198,881

13,447,441

If freehold property had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

3,590,362

2,591,120

Freehold property was valued on an open market basis on 13 January 2020 by Lambert Smith Hampton .

The director considers that the fair value has not changed significantly since 13 January 2020.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST OR VALUATION

At 1 November 2024

1,184,333

41,500

1,225,833

Transfer to ownership

(199,338

)

(41,500

)

(240,838

)

At 31 October 2025

984,995

-

984,995

DEPRECIATION

At 1 November 2024

188,770

18,225

206,995

Charge for year

88,955

-

88,955

Transfer to ownership

(34,243

)

(18,225

)

(52,468

)

At 31 October 2025

243,482

-

243,482

NET BOOK VALUE

At 31 October 2025

741,513

-

741,513

At 31 October 2024

995,563

23,275

1,018,838

9.

STOCKS

2025

2024

£

£

Raw materials and consumables

2,040,919

1,860,196

Work-in-progress

1,748,415

1,562,477

3,789,334

3,422,673

10.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,895,661

3,697,874

Other debtors

77,519

-

Prepayments

282,150

284,887

4,255,330

3,982,761

11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 13)

1,244,706

1,292,938

Other loans (see note 13)

382,425

390,000

Hire purchase contracts (see note 14)

198,082

228,187

Trade creditors

2,059,866

2,307,203

Taxation and social security

467,480

213,519

Invoice finance creditor

3,262,782

2,964,865

Directors' current accounts

200,000

-

Accruals and deferred income

397,364

450,968

8,212,705

7,847,680