REGISTERED NUMBER: 01476510 (England and Wales)

STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

MOTOSAVE LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

5

Statement of Comprehensive Income

8

Balance Sheet

9

Statement of Changes in Equity

10

Notes to the Financial Statements

11

DIRECTORS:

Mr R J Shortis

Mr G I Grand

Mr D Beardsworth

SECRETARY:

Mr S P Allman

REGISTERED OFFICE:

Salhouse Road

Norwich

Norfolk

NR7 9AH

REGISTERED NUMBER:

01476510 (England and Wales)

AUDITORS:

Sexty & Co

Chartered Certified Accountants

& Statutory Auditor

124 Thorpe Road

Norwich

Norfolk

NR1 1RS

SOLICITORS:

Howes Percival

Flint Buildings

1 Bedding Lane

Norwich

Norfolk

NR3 1RG

The directors present their strategic report for the year ended 31 January 2026.

CHAIRMAN'S REPORT

Motosave Limited had a turnover of over £15.4m, a pre-tax loss of £124k and net assets of over £4.7m.

The principal activity of the company during the year was the retail trade of motor vehicle parts and accessories, along with garage services.

A comprehensive business review is available in the consolidated group financial statements of K J Shortis Limited.

The Group has had a strong increase in turnover over the past year partly due to new branches opening and a modest increase in sales in real terms. We continue working hard to improve the margin. During the year the Group was hit with massive increases in the living wage and employers national insurance forced upon us by the Labour Government, which affected the bottom line with additional wage cost of £1.4m.

The average vehicle age being 9.7 years in the UK, is good for us, that means drivers are keeping their car for longer and getting them serviced or repaired at independent garages, who are our customers, rather than main dealers.

The Group has actively been looking to improve margin where possible as well as trying to improve processes with technology. More electric vans have been added to the fleet and where possible branches have been fitted with solar panels to power them.

The current financial year has had uncertainty due to ongoing conflict in the Middle East. This is affecting one of our main product groups that we sell, oil. Thanks to our good relationships established over many years with suppliers and strong financial position, we were able to bulk buy stock in advance to maintain supply. Also the cost of fuel for our own vehicles has massively increased, which comes straight off the bottom line, as we are unable to put a fuel surcharge on our deliveries.

Further changes of Labour Government and Prime Minister could upset the UK market.

FAIR REVIEW OF THE BUSINESS INCLUDING PRINCIPAL RISKS AND UNCERTAINTIES

Business risks:

The UK Aftermarket, which has been in a state of flux for the past few years, with mergers and formations of new buying groups seems to have settled down. However independent businesses have been more active with expansion, partly due to lower interest rates. There will be opportunities and when the right opportunities arise, the group can take advantage of these opportunities, due to its strong financial position. The company can afford and hold stocks when suitable deals become available via our good supplier and customer relationships.

Competition:

The UK Aftermarket is a highly competitive market place, we have always prided ourselves on being family owned and family run, as well as being totally independent and not members to any buying groups. This allows us to differentiate ourselves from the competition, which we know our customers value. The Company manages this by continually assessing, reviewing and developing suitable systems and practises to ensure quality of service to maintain good customer relationships and competitive pricing.

Regulatory compliance risk:

The Company is subject to various laws and regulations set by local authorities and the Health and Safety Executive. The directors ensure that they are up to date and comply with all relevant areas of legislation to mitigate the risk of fines or other disciplinary actions.

Financial risk management:

The directors continually monitor the performance of the Company, trade debtors, stock levels and stock movements to minimise the financial risk of the business. In addition, the Company ensures adequate financing facilities are in place to meet the requirements of the business, along with the strong financed

strength of the group companies.

Financial key performance indicators

The directors consider that the key financial performance indicators are those that communicate the financial

performance and strength of the Company as a whole, these being turnover and gross margin.

31 January 2026

31 January 2025

£

£

Turnover

15,492,871

15,242,275

Gross margin

62.48%

61.45%

The directors are pleased with the results of the past year; however, the current year is very testing, due to the increase in the labour costs that have been forced onto us by the government. As with most industries, being able to recruit suitable staff has been the biggest problem. We are fortunate that we have loyal key staff to drive the group forward, to assist the group in continuing to reinvest and expand the business.

ON BEHALF OF THE BOARD:

Mr R J Shortis - Director

30 July 2026

The directors present their report with the financial statements of the company for the year ended 31 January 2026.

DIVIDENDS

No dividends will be distributed for the year ended 31 January 2026.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 February 2025 to the date of this report.

Mr R J Shortis

Mr G I Grand

Mr D Beardsworth

FUTURE DEVELOPMENTS

Narrative for future developments is included within the strategic report.

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;

-	state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

-	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, Sexty & Co, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr R J Shortis - Director

30 July 2026

Opinion

We have audited the financial statements of Motosave Limited (the 'company') for the year ended 31 January 2026 which comprise the Statement of 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 January 2026 and of its loss 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We have made enquiries with management regarding their procedures for complying with laws and regulations along with detecting and prevent fraud. We also review minutes of meetings and any published news articles to identify any instances of non-compliance with and regulations.

Evidence has been obtained where applicable. Written representation has been obtained to confirm there have been no breaches of laws and regulations.

The audit procedures are designed so that with reasonable assurance, material misstatements can be detected, including those relating to fraud. Specifically, areas which involve provisions or estimations have been tested where material.

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 regulation. 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 will be 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.

I A Barlow (Senior Statutory Auditor)

for and on behalf of Sexty & Co

Chartered Certified Accountants

& Statutory Auditor

124 Thorpe Road

Norwich

Norfolk

NR1 1RS

30 July 2026

TURNOVER

15,492,871

15,242,275

Cost of sales

5,812,213

5,875,897

GROSS PROFIT

9,680,658

9,366,378

Administrative expenses

9,816,665

9,334,781

(136,007

)

31,597

Other operating income

11,812

7,811

OPERATING (LOSS)/PROFIT and

(LOSS)/PROFIT BEFORE TAXATION

(124,195

)

39,408

Tax on (loss)/profit

6

(27,474

)

16,646

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(96,721

)

22,762

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(96,721

)

22,762

FIXED ASSETS

Intangible assets

7

-

-

Tangible assets

8

505,248

463,806

505,248

463,806

CURRENT ASSETS

Stocks

9

1,831,980

1,947,066

Debtors

10

3,978,964

4,194,716

Cash at bank and in hand

215,052

157,450

6,025,996

6,299,232

CREDITORS

Amounts falling due within one year

11

1,668,710

1,813,783

NET CURRENT ASSETS

4,357,286

4,485,449

TOTAL ASSETS LESS CURRENT LIABILITIES

4,862,534

4,949,255

PROVISIONS FOR LIABILITIES

13

95,000

85,000

NET ASSETS

4,767,534

4,864,255

CAPITAL AND RESERVES

Called up share capital

14

2,000

2,000

Share premium

15

4,000

4,000

Capital redemption reserve

15

285

285

Retained earnings

15

4,761,249

4,857,970

SHAREHOLDERS' FUNDS

4,767,534

4,864,255

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2026 and were signed on its behalf by:

Mr R J Shortis - Director

Called up

Capital

share

Retained

Share

redemption

Total

capital

earnings

premium

reserve

equity

£

£

£

£

£

Balance at 1 February 2024

2,000

4,835,208

4,000

285

4,841,493

Changes in equity

Total comprehensive income

-

22,762

-

-

22,762

Balance at 31 January 2025

2,000

4,857,970

4,000

285

4,864,255

Changes in equity

Total comprehensive income

-

(96,721

)

-

-

(96,721

)

Balance at 31 January 2026

2,000

4,761,249

4,000

285

4,767,534

1.	STATUTORY INFORMATION

Motosave 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.	STATEMENT OF COMPLIANCE

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

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The financial statements are presented in pounds sterling and are rounded to the nearest pound.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions 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;

•

the requirement of paragraph 3.17(d);

•

the requirement of paragraph 33.7.

This information is included in the consolidated financial statements of K.J. Shortis Limited as at 31 January 2026 and these financial statements may be obtained from Companies House.

Related party transactions

The company has taken the disclosure exemption available as permitted by FRS 102 section 33.1A not to disclose transactions with group member companies which are also wholly owned subsidiaries within the same group.

Turnover

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

The turnover figure shown in the statement of comprehensive income relates wholly to sale of goods.

Goodwill

Goodwill represents the excess of cost of acquisition over the fair value of the separable net assets of businesses acquired. Goodwill is amortised through the profit and loss account in equal instalments over its estimated useful life.

Tangible fixed assets

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

Fixture & fittings

-15% straight line basis

Motor vehicles

-25% straight line basis

Improvements to leasehold property

-10% straight line basis

Stocks

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

Cost comprises the average cost of all purchases.

To reflect market conditions and in accordance with good accounting practice all rebates have been taken into account.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.

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.

Leasing commitments

The annual rentals due on operating leases are charged to the profit and loss account on a straight line basis over the term of the lease.

4.	EMPLOYEES AND DIRECTORS

2026

2025

£

£

Wages and salaries

6,202,478

5,978,490

Social security costs

669,991

494,719

Other pension costs

211,239

201,334

7,083,708

6,674,543

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

2026

2025

Sales and administration

211

213

2026

2025

£

£

Directors' remuneration

92,098

83,971

Directors' pension contributions to money purchase schemes

3,337

3,240

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

Money purchase schemes

1

1

5.	OPERATING (LOSS)/PROFIT

The operating loss (2025 - operating profit) is stated after charging/(crediting):

2026

2025

£

£

Depreciation - owned assets

164,587

171,907

Profit on disposal of fixed assets

(640

)

-

Auditors' remuneration

13,400

12,530

Operating leases - land and buildings

656,002

652,284

Rent received

11,812

7,811

The pension contributions for Mr R J Shortis are made by K J Shortis Limited, these are recharged in the management charges.

6.

TAXATION

Analysis of the tax (credit)/charge

The tax (credit)/charge on the loss for the year was as follows:

2026

2025

£

£

Current tax:

UK corporation tax

(37,000

)

3,000

Under provision in prior year

(474

)

(1,354

)

Total current tax

(37,474

)

1,646

Deferred tax movement

10,000

15,000

Tax on (loss)/profit

(27,474

)

16,646

UK corporation tax has been charged at 25% (2025 - 22.84%).

Reconciliation of total tax (credit)/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:

2026

2025

£

£

(Loss)/profit before tax

(124,195

)

39,408

(Loss)/profit multiplied by the standard rate of corporation tax in the UK of 25% (2025 - 25%)

(31,049

)

9,852

Effects of:

Expenses not deductible for tax purposes

6,499

652

Capital allowances in excess of depreciation

(12,498

)

(7,656

)

Profit/loss on disposal of assets

(160

)

-

Rounding provision

-

398

Loss surrender provision rounding

208

-

Under/(Over) provision in prior year

(474

)

(1,354

)

Deferred tax movement

10,000

15,000

Adjustment relating to blended corporation tax rate

-

(246

)

Total tax (credit)/charge

(27,474

)

16,646

7.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

125,000

AMORTISATION

At 1 February 2025

and 31 January 2026

125,000

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

-

8.	TANGIBLE FIXED ASSETS

Improvements

to

Fixtures

leasehold

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1 February 2025

353,801

2,070,041

292,708

2,716,550

Additions

-

185,234

21,614

206,848

Disposals

-

(57,722

)

(14,122

)

(71,844

)

At 31 January 2026

353,801

2,197,553

300,200

2,851,554

DEPRECIATION

At 1 February 2025

353,801

1,713,308

185,635

2,252,744

Charge for year

-

103,780

60,807

164,587

Eliminated on disposal

-

(56,903

)

(14,122

)

(71,025

)

At 31 January 2026

353,801

1,760,185

232,320

2,346,306

NET BOOK VALUE

At 31 January 2026

-

437,368

67,880

505,248

At 31 January 2025

-

356,733

107,073

463,806

9.

STOCKS

2026

2025

£

£

Finished goods

1,831,980

1,947,066

10.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

147,703

150,344

Amounts owed by group companies

3,586,173

3,803,809

Prepayments and accrued income

245,088

240,563

3,978,964

4,194,716

The amounts owed by group companies relates to accumulated cash in the group deposit account.

11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

686,093

827,892

Corporation tax

-

3,000

Social security and other taxes

554,767

527,897

Other creditors

379,688

423,744

Accrued expenses

48,162

31,250

1,668,710

1,813,783

12.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Between one and five years

22,000

22,000

In more than five years

91,450

91,450

113,450

113,450

13.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

Depreciation in excess of

capital allowances

95,000

85,000

95,000

85,000

Deferred tax

£

Balance at 1 February 2025

85,000

Charge to Statement of Comprehensive Income during year

10,000

Balance at 31 January 2026

95,000

The deferred tax provision relates to capital allowances in excess of depreciation.

14.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

2,000

'A' Ordinary

£1

2,000

2,000