REGISTERED NUMBER: 07669191 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

NOVA OUTDOOR LIVING LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Statement of Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Notes to the Financial Statements

12

DIRECTORS:

J J Whiteley

J Oxley

V A Grant

S C Mclaren

L Foucher

REGISTERED OFFICE:

Unit 8 Capitol Industrial Estate

Fulmar Way

Wickford

Essex

SS11 8YW

REGISTERED NUMBER:

07669191 (England and Wales)

AUDITORS:

Watson Associates (Audit Services) Ltd

Statutory Auditor

30 - 34 North Street

Hailsham

East Sussex

BN27 1DW

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

REVIEW OF BUSINESS

NOVA Outdoor Living Limited performed resiliently in 2025, strengthening its position as a specialist supplier to the UK outdoor living sector. The Company serves retailers, garden centres, e-commerce businesses and other trade customers nationwide. Against a difficult retail backdrop, trading held up well, underpinned by strong customer relationships, a broadening product range and a reputation for quality and reliable service.

Customer retention remains a defining strength of the business. Many customers have traded with NOVA for several years, giving the Company a stable base from which to pursue growth while sustaining long-term relationships.

The Company continued to invest in its product offering, with a focus on the wider outdoor living market.

The leadership team was strengthened after the year end with the appointment of a new Managing Director bringing over thirty years of industry experience. The appointment adds substantial sector knowledge and commercial expertise, and reflects the Group's commitment to NOVA's long-term growth.

Operationally, the business remains focused on service levels, supplier relationships and customer acquisition. Continued investment in systems, processes and leadership has built a platform from which NOVA can scale efficiently without compromising service standards.

Looking ahead, the Directors believe NOVA is well placed to accelerate growth. An experienced leadership team, loyal customer base, expanding product range, stronger digital capability and a clear strategy together give confidence in the Company's prospects. Management's priority is to grow both customers and revenue while maintaining the disciplined approach to service and operational performance that has driven success to date.

PRINCIPAL RISKS AND UNCERTAINTIES

The management and execution of the company's strategy are influenced by several key risks. Principal risks and uncertainties include competition from both national and independent retailers, product availability, and cost inflation.

Despite these challenges, the business is well-positioned to adapt and compete effectively. Our strong industry reputation, robust stock holding, and dynamic marketing and incentive strategies provide us with the flexibility to respond to adverse weather and competitive pricing pressures.

Our exclusive supply chains with Far East factories and solid relationships within the freight industry ensure quick and reliable product availability at competitive prices.

KEY PERFORMANCE INDICATORS

The company manages the business by reference to key performance indicators. Competent management reporting tools are in place to provide essential current, timely reporting in a clear and precise manner

Key Performance Indicators are year on year turnover growth, gross profit margin %, and operating profit margin % as set out below:

2025

2024

Growth of turnover/(decline)%

(16.4%)

(20.5%)

Gross profit margin %

38.3%

36.8%

Operating profit margin %

2.7%

12.4%

FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES

The company's operations expose it to various financial risks, including price risk, credit risk, liquidity risk, and interest rate cash flow risk. To mitigate the potentially adverse effects of these risks on the company's financial performance, the directors have established comprehensive policies and procedures.

Price risk

Operating within a competitive market, the company faces price risk from both suppliers and competitors. However, the company effectively manages this risk through strategic supplier agreements, leveraging its operational scale.

Credit risk

While most of the company's sales are not credit-based, appropriate credit checks are conducted for those that are. Each customer's credit exposure is subject to limits, and overall risk is managed through rigorous credit control procedures and a diverse customer base.

Liquidity risk

Liquidity risk, the risk of encountering difficulty in meeting financial obligations, is mitigated by the company's substantial cash resources and access to additional bank facilities.

Brexit

The company continuously monitors the impact of Brexit. Despite no sales outside the UK, all employees and suppliers are UK-based or from Far East stock suppliers, ensuring minimal disruption.

Foreign exchange risk

Purchasing in US dollars exposes the company to foreign currency risk. To mitigate this, the company utilises forward exchange contracts, ensuring predictable future cash flows.

FUTURE DEVELOPMENTS

The business remains committed to the ongoing development and enhancement of its product ranges, with a view to reinforcing its market presence within the Outdoor Products sector. Looking ahead, the company intends to pursue further opportunities to broaden its customer base, with particular emphasis on key client relationships across both the Outdoor Living category and the wider retail environment.

ON BEHALF OF THE BOARD:

J J Whiteley - Director

5 August 2026

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of garden furniture wholesalers.

DIVIDENDS

The total distribution of dividends for the year ended 31 December 2025 will be £1,350,000.

DIRECTORS

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

J J Whiteley

J Oxley

V A Grant

S C Mclaren

L Foucher

Other changes in directors holding office are as follows:

C Smithers - resigned 12 May 2025

DISCLOSURE IN THE STRATEGIC REPORT

In accordance with section 414C(11) of the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 certain information required by schedule 7 of the Large and Medium sized Companies and Groups (Accounts and Reports) Regulations 2008 is set out in 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), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

AUDITORS

The auditors, Watson Associates (Audit Services) Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

J J Whiteley - Director

5 August 2026

Opinion

We have audited the financial statements of Nova Outdoor Living Limited (the 'company') for the year ended 31 December 2025 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 December 2025 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.

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, outlined above, to detect material misstatements in respect of irregularities, including fraud.

Audit procedures performed by the engagement team to detect irregularities, including fraud from instances of non-compliance with laws and regulations included:

- Discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulations and fraud;

- Reading key correspondence from regulatory bodies;

- Challenging assumptions and judgements made by management in it's significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain.

- Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations or those posted by unexpected users; and

- Testing transactions entered into that are outside of the normal course of the Company's business

There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations are from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, 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 deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

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.

Stephen James Moore (Senior Statutory Auditor)

for and on behalf of Watson Associates (Audit Services) Ltd

Statutory Auditor

30 - 34 North Street

Hailsham

East Sussex

BN27 1DW

5 August 2026

TURNOVER

8,577,026

10,263,375

Cost of sales

(5,293,572

)

(6,487,866

)

GROSS PROFIT

3,283,454

3,775,509

Distribution costs

(197,851

)

(316,823

)

Administrative expenses

(3,109,685

)

(2,573,659

)

(24,082

)

885,027

Other operating income

254,404

390,542

OPERATING PROFIT

5

230,322

1,275,569

Interest receivable and similar income

5,134

-

235,456

1,275,569

Interest payable and similar expenses

7

(210,033

)

(43,082

)

PROFIT BEFORE TAXATION

25,423

1,232,487

Tax on profit

8

(46,869

)

(10,252

)

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(21,446

)

1,222,235

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE (LOSS)/INCOME FOR THE YEAR

(21,446

)

1,222,235

FIXED ASSETS

Intangible assets

10

2,787

4,547

Tangible assets

11

286,001

484,978

288,788

489,525

CURRENT ASSETS

Stocks

12

1,490,237

646,077

Debtors

13

4,534,044

4,868,803

Cash at bank

99,598

1,018,640

6,123,879

6,533,520

CREDITORS

Amounts falling due within one year

14

(3,054,069

)

(2,060,887

)

NET CURRENT ASSETS

3,069,810

4,472,633

TOTAL ASSETS LESS CURRENT LIABILITIES

3,358,598

4,962,158

CREDITORS

Amounts falling due after more than one year

15

(69,300

)

(321,414

)

PROVISIONS FOR LIABILITIES

19

(101,167

)

(81,167

)

NET ASSETS

3,188,131

4,559,577

CAPITAL AND RESERVES

Called up share capital

20

106

106

Share premium

21

3,412

3,412

Retained earnings

21

3,184,613

4,556,059

SHAREHOLDERS' FUNDS

3,188,131

4,559,577

The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2026 and were signed on its behalf by:

J J Whiteley - Director

Called up

share

Retained

Share

Total

capital

earnings

premium

equity

£

£

£

£

Balance at 1 January 2024

106

3,333,824

3,412

3,337,342

Changes in equity

Total comprehensive income

-

1,222,235

-

1,222,235

Balance at 31 December 2024

106

4,556,059

3,412

4,559,577

Changes in equity

Dividends

-

(1,350,000

)

-

(1,350,000

)

Total comprehensive loss

-

(21,446

)

-

(21,446

)

Balance at 31 December 2025

106

3,184,613

3,412

3,188,131

1.	STATUTORY INFORMATION

Nova Outdoor Living 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 previous accounting period was lengthened as a result of a change in year end from August to December. These accounts are prepared for one year. Comparative amounts presented in the financial statements (including the related notes) are not entirely comparable for this reason.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the 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.

Intangible assets

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

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

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

Short leasehold

-

over term of lease

Fixtures and fittings

-

33% on cost

Stocks

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

Financial instruments

The company enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an 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.

Derivative Financial Instruments

The company enters into forward currency contract and options to mitigate the exchange risk for certain

foreign currency payables.

The forward currency contracts and options are measured at fair value which is determined using

valuation techniques that utilise observable inputs. The key inputs used in valuing the derivatives are the

forward exchange rates for GBP:USD.

The company does not apply hedge accounting in respect of forward contracts or options held to manage

cash flow exposure of forecast transactions denominated in foreign currencies.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

No significant judgements have had to be made by management in preparing these financial statements.

There were no key assumptions made concerning the future, and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

4.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

287,274

476,357

Social security costs

26,884

36,433

Other pension costs

8,398

13,706

322,556

526,496

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

2025

2024

Admin

4

7

Directors

1

1

5

8

2025

2024

£

£

Directors' remuneration

94,941

86,635

Directors' pension contributions to money purchase schemes

4,610

6,931

5.	OPERATING PROFIT

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

2025

2024

£

£

Other operating leases

417,576

512,041

Depreciation - owned assets

204,831

125,566

Development costs amortisation

1,760

1,760

Auditors' remuneration

12,504

4

Foreign exchange differences

(108,461

)

(5,447

)

6.	MATERIAL ITEMS

Included within finance costs are fair value losses on derivative foreign exchange contracts, amounting to £132,174.

7.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Bank interest

76,460

41,983

Tax interest

1,399

1,099

Exceptional items

132,174

-

210,033

43,082

8.

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

58,053

44,670

Prior year tax

(11,184

)

(34,418

)

Tax on profit

46,869

10,252

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

25,423

1,232,487

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

6,356

308,122

Effects of:

Expenses not deductible for tax purposes

372

539

Depreciation in excess of capital allowances

50,975

20,200

Adjustments to tax charge in respect of previous periods

(11,184

)

(34,418

)

Group relief

-

(284,466

)

Interest on corporation tax

350

275

Total tax charge

46,869

10,252

9.

DIVIDENDS

2025

2024

£

£

Ordinary shares of £0.001 each

Final

1,350,000

-

10.	INTANGIBLE FIXED ASSETS

Developme

costs

£

COST

At 1 January 2025

and 31 December 2025

8,800

AMORTISATION

At 1 January 2025

4,253

Amortisation for year

1,760

At 31 December 2025

6,013

NET BOOK VALUE

At 31 December 2025

2,787

At 31 December 2024

4,547

11.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

leasehold

fittings

Totals

£

£

£

COST

At 1 January 2025

567,105

44,766

611,871

Additions

4,923

931

5,854

At 31 December 2025

572,028

45,697

617,725

DEPRECIATION

At 1 January 2025

117,650

9,243

126,893

Charge for year

188,875

15,956

204,831

At 31 December 2025

306,525

25,199

331,724

NET BOOK VALUE

At 31 December 2025

265,503

20,498

286,001

At 31 December 2024

449,455

35,523

484,978

12.

STOCKS

2025

2024

£

£

Stocks

1,490,237

646,077

13.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

674,105

861,780

Bad debt provision

-

(1,068

)

Amounts owed by group undertakings

3,629,580

3,362,591

Other debtors

51,666

220,755

VAT

-

292,226

Accrued income

122,808

-

Prepayments

55,885

132,519

4,534,044

4,868,803

14.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 16)

448,378

275,951

Trade creditors

608,645

941,405

Amounts owed to group undertakings

1,328,056

252,972

Tax

58,145

83,430

Social security and other taxes

3,860

8,335

VAT

16,280

-

Other creditors

10,443

2,187

Derivative liability

132,174

-

Accruals and deferred income

448,088

496,607

3,054,069

2,060,887

15.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 16)

69,300

321,414

16.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

448,378

275,951

Amounts falling due between one and two years:

Bank loans - 1-2 years

69,300

271,183

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

50,231