REGISTERED NUMBER: 00628309 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 December 2025

for

Allports Garages Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

7

Report of the Independent Auditors

9

Income Statement

13

Other Comprehensive Income

14

Balance Sheet

15

Statement of Changes in Equity

16

Cash Flow Statement

17

Notes to the Cash Flow Statement

18

Notes to the Financial Statements

19

DIRECTORS:

P G Sanders

M J Sanders

M Gallagher

SECRETARY:

M J Sanders

REGISTERED OFFICE:

Fradley Park

Westhill Road

Lichfield

Staffordshire

WS13 8NG

REGISTERED NUMBER:

00628309 (England and Wales)

SENIOR STATUTORY AUDITOR:

Geoffrey Hopwood BCOM FCA

AUDITORS:

Haines Watts Wolverhampton Limited

Statutory Auditors

Keepers Lane

The Wergs

Wolverhampton

West Midlands

WV6 8UA

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

Review of the business and future developments

Allports Garages, trading as Allports Group, continues to strengthen its position as a leading provider of commercial vehicle solutions, specialising in the sale and maintenance of new and used Renault Trucks, Isuzu Trucks, and Vans. We also maintain strong performance within our national Deker brand for new and used trailer sales, supported by comprehensive aftersales care across our Workshop, Bodyshop and Parts Operations.

Our operational footprint remains centred on Fradley Park, Lichfield and Stoke-on-Trent, together with a Vehicle Maintenance Unit at Minworth, delivering 24-hour support to customers through established Workshop, Bodyshop, Parts supply operations, Emergency Breakdown Services, and our fully integrated signwriting and graphics capability through SignTek.

The Board of Directors is committed to acting in a way it considers, in good faith, would be most likely to promote the success of the Company for the benefit of its members as a whole, while having regard to the matters set out in section 172(1)(a) to (f) of the Companies Act 2006. The Board is mindful of its duties and considers a number of factors when making key strategic decisions, as demonstrated further in the headings below.

Strategic Progress in 2025

Building on the strong foundations laid in 2024, we have continued to embed our company Vision, Customer Commitments and Sustainability Focus, ensuring these remain central to decision-making throughout the business. Our Vision, based on the core pillars of Impact, Excellence and Leadership, continues to guide our culture and long term direction:

- Impact - delivering consistently on our customer commitments while investing in the areas that

generate meaningful value for customers, colleagues and the wider business.

- Excellence - driving improvements in quality, efficiency and the overall customer experience.

- Leadership - empowering our people to lead with confidence, inspire teams, and drive positive

action.

The progress achieved during the year has also been recognised externally through a number of industry acknowledgements. Most notably, Allports Garages Limited was awarded Renault Trucks UK Van Dealer of the Year 2025 (for a third consecutive year) and Renault Trucks UK Sustainable Green Dealer of the Year 2025, recognising the Company's investment in sustainability initiatives, operational improvements and engagement with environmental best practice. Such recognitions reflect the commitment and dedication of our colleagues across the business and reinforces our ambition to be a market-leading commercial vehicle partner for customers and manufacturers alike.

Operational Expansion and Transformation

Following the completion of our main site Fradley Park Transformation Project and the successful opening of the dedicated MOT Authorised Testing Facility in late 2024, 2025 has been a year of consolidation, optimisation and growth.

Key operational developments during 2025 include:

- Increased utilisation of the expanded Workshop facilities, delivering improved productivity and

reduced lead times.

- Continued growth in MOT and compliance service volumes through the dedicated testing facility.

- Ongoing refinement of processes across Workshop, Bodyshop and Parts operations to maximise

the benefits of the modernised site.

People and Organisational Development

2025 has seen continued investment in our people, with further promotions, targeted development programmes and several key appointments across operational, commercial and leadership roles. These changes are designed to reinforce capability, support succession planning, and ensure the business is well positioned for its next phase of growth.

A key element of our people strategy remains the development of future talent through apprenticeships and structured career progression opportunities. We view apprenticeships as a strategic investment in the long-term sustainability of the business. Through its structured Apprentice Progression Programme, Allports continues to attract, develop and retain young talent, creating a pipeline of skilled technicians and future leaders while supporting employment and skills development within the local communities in which it operates.

Further investment was delivered in the form of our HR Development Manager, a key role we inducted during 2025 tasked to help us develop and nurture new and existing talent. This has initially helped us fine-tune our new joiner processes with attention now moved to new managers and will evolve to support our senior management and leadership teams through 2026 and 2027.

Colleague engagement with our Vision and Customer Commitments has remained strong throughout the year, underpinned by ongoing communication, training and leadership focus.

PRINCIPAL RISKS AND UNCERTAINTIES

The company's operations expose it to a variety of financial risks that include the effects of credit risk and liquidity risk:

Credit risk

The company monitors credit risk closely and considers that its current policies of credit checks, regular credit limit reviews, and authorisation of transactions by senior management meet its objectives of managing exposure to credit risk.

The company has no significant concentrations of credit risk. Amounts shown in the balance sheet best represent the maximum credit risk exposure in the event that other parties fail to perform their obligations under financial instruments.

Liquidity risk

The company is financed with appropriate long-term and short-term finance to match the needs of the business.

Financial instruments

Financial instruments such as trade debtors and creditors arise directly from the company's operations.

OUTLOOK FOR 2026 AND BEYOND

The investments made over the past two years - spanning infrastructure, capability, technology and people - provide a solid platform for Allports Group's continued progress.

Our forward strategy remains centred on:

- Growing market share across Trucks, Vans and Trailers.

- Enhancing customer experience through service innovation and operational excellence.

- Developing sustainable solutions that support customers in managing their environmental

responsibilities.

- Strengthening partnerships with key manufacturers and suppliers.

- Continuing to invest in our people, systems and facilities.

Together, these initiatives reinforce Allports Group's mission: to supply high-quality and innovative products and services that meet the demands of modern business, working collaboratively with customers to ensure successful partnerships and deliver a true competitive advantage in vehicle and trailer operations.

PERFORMANCE REVIEW

The key performance indicators used by the company are:

2025

2024

£

£

Sales of new and used vehicle trailers

43,393,508

39,325,074

Aftersales

12,394,180

11,539,340

Total sales

55,787,688

50,864,414

GREENHOUSE GAS EMISSIONS REPORTING

Allports Garages Limited recognises that greenhouse gas emissions arising from its operations contribute to climate change and is committed to reducing its environmental impact through continuous improvement in energy efficiency, operational practices and fleet management.

Greenhouse Gas Emissions

2025 tCO2e

2024 tCO2e

Scope 1

202

231

Scope 2

0

56

Total Scope 1 & 2

202

287

Reported Scope 3*

26

26

Total Emissions

228

313

Intensity Ratio

2025

2024

Average employees

121

115

Emissions Intensity (tCO2e per employee)

1.88

2.72

Total energy consumption 31st December 2025 Vs 31st December 2024

2025 kWh

2024 kWh

Gas

363,270

320,041

Electricity (purchased + solar generated & used)

463,692

457,489

Fuel (converted miles to kWh)

289,268

410,900

Total

1,116,230

1,188,430

Energy Efficiency Actions

During 2025 the Company continued its sustainability programme and achieved a significant reduction in greenhouse gas emissions.

Key initiatives included:

- Continued operation of the solar photovoltaic installation at the Fradley Park site. Note the kWh consumption includes the hours generated and consumed via Solar as is required by the reporting guidance (60,353 2025 : 67,029 2024).

- Transition to a 100% renewable electricity tariff, resulting in the elimination of Scope 2 electricity emissions during the year. Energy consumption remained largely the same but activity was driven down in prior years.

- Ongoing replacement of vehicles with lower-emission hybrid and electric alternatives where operationally suitable.

- Continued optimisation of building energy consumption, lighting systems and operational processes.

- Active participation in the Renault Trucks sustainability programme and carbon reduction initiatives.

As a result, Scope 1 and Scope 2 emissions reduced by approximately 30% compared with the prior year despite continued business growth and expansion of operational facilities.

Allports Garages Limited was recognised by the Renault Trucks UK for a combination of the investments, results, and overall engagement with the sustainability programme and were awarded Sustainable Green Dealer of The Year 2025 at the recent annual awards.

Methodology

Allports Garages Limited monitors and reports this data along with the Renault Trucks UK dealer network via the 51toCarbonZero platform. The platform adheres to the GHG Protocol Standards, ensuring the highest level of data integrity and precision through automated checks. Additionally, their team of expert ISO lead verifiers offers comprehensive support ensuring thorough external disclosure and assurance.

* Reported Scope 3 emissions currently comprise those categories for which sufficiently reliable data is available and only those that are mandatory (Business Travel & Waste in Operations). A full Scope 3 assessment has not yet been undertaken and therefore the Scope 3 figures disclosed should not be regarded as representing the Company's complete value chain emissions.

ON BEHALF OF THE BOARD:

M J Sanders - Director

10 August 2026

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

DIVIDENDS

Interim dividends per share were paid as follows:

31.57

- 7 April 2025

15.79

- 7 April 2025

47.36

The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31 December 2025 will be £ 450,000 .

DIRECTORS

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

P G Sanders

M J Sanders

M Gallagher

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, Haines Watts Wolverhampton Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

M J Sanders - Director

10 August 2026

Opinion

We have audited the financial statements of Allports Garages Limited (the 'company') for the year ended 31 December 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

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

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

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

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

Responsibilities of directors

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

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

Auditors' responsibilities for the audit of the financial statements

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

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

We evaluated the directors' and management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to management override of controls, for example posting manual journal entries to manipulate financial performance, risk of fraud in revenue recognition in relation to cut off and significant one-off or unusual transactions.

Our audit procedures were designed to respond to those identified risks, including non-compliance with laws and regulations (irregularities) and fraud that are material to the financial statements. Our audit procedures included but were not limited to: " Discussing with the directors and management their policies and procedures regarding compliance with laws and regulations; " Communicating identified laws and regulations throughout our engagement team and remaining alert to any indications of non-compliance throughout our audit; and " Considering the risk of acts by the company which were contrary to applicable laws and regulations, including fraud.

Our audit procedures in relation to fraud included but were not limited to:" Making enquiries of the directors and management on whether they had knowledge of any actual, suspected or alleged fraud; " Gaining an understanding of the internal controls established to mitigate risks related to fraud; " Discussing amongst the engagement team the risks of fraud; and" Addressing the risks of fraud through management override of controls by performing journal entry testing.

There are inherent limitations in the audit procedures described above and the primary responsibility for the prevention and detection of irregularities including fraud rests with management. As with any audit, there remained a risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal controls. 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 auditor's report.

As part of an audit in accordance with ISAs ( UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control.

Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern.

Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

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.

Geoffrey Hopwood BCOM FCA (Senior Statutory Auditor)

for and on behalf of Haines Watts Wolverhampton Limited

Statutory Auditors

Keepers Lane

The Wergs

Wolverhampton

West Midlands

WV6 8UA

10 August 2026

TURNOVER

55,787,688

50,864,414

Cost of sales

47,317,482

43,701,697

GROSS PROFIT

8,470,206

7,162,717

Administrative expenses

5,169,970

4,465,222

OPERATING PROFIT

4

3,300,236

2,697,495

Interest receivable and similar income

141,031

26,932

PROFIT BEFORE TAXATION

3,441,267

2,724,427

Tax on profit

5

888,070

724,942

PROFIT FOR THE FINANCIAL YEAR

2,553,197

1,999,485

PROFIT FOR THE YEAR

2,553,197

1,999,485

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

2,553,197

1,999,485

FIXED ASSETS

Tangible assets

7

10,212,707

10,184,068

CURRENT ASSETS

Stocks

8

1,736,874

1,503,881

Debtors

9

2,109,214

1,822,904

Investments

10

8,572

8,572

Cash at bank and in hand

7,071,398

4,995,429

10,926,058

8,330,786

CREDITORS

Amounts falling due within one year

11

4,017,136

3,471,903

NET CURRENT ASSETS

6,908,922

4,858,883

TOTAL ASSETS LESS CURRENT LIABILITIES

17,121,629

15,042,951

PROVISIONS FOR LIABILITIES

12

179,493

204,012

NET ASSETS

16,942,136

14,838,939

CAPITAL AND RESERVES

Called up share capital

13

9,502

9,502

Capital redemption reserve

14

5,498

5,498

Retained earnings

14

16,927,136

14,823,939

SHAREHOLDERS' FUNDS

16,942,136

14,838,939

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

M J Sanders - Director

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 January 2024

9,502

13,274,454

5,498

13,289,454

Changes in equity

Dividends

-

(450,000

)

-

(450,000

)

Total comprehensive income

-

1,999,485

-

1,999,485

Balance at 31 December 2024

9,502

14,823,939

5,498

14,838,939

Changes in equity

Dividends

-

(450,000

)

-

(450,000

)

Total comprehensive income

-

2,553,197

-

2,553,197

Balance at 31 December 2025

9,502

16,927,136

5,498

16,942,136

Cash flows from operating activities

Cash generated from operations

1

3,544,909

4,744,622

Tax paid

(775,427

)

(705,690

)

Net cash from operating activities

2,769,482

4,038,932

Cash flows from investing activities

Purchase of tangible fixed assets

(448,204

)

(610,926

)

Sale of tangible fixed assets

63,660

30,995

Interest received

141,031

26,932

Net cash from investing activities

(243,513

)

(552,999

)

Cash flows from financing activities

Equity dividends paid

(450,000

)

(450,000

)

Net cash from financing activities

(450,000

)

(450,000

)

Increase in cash and cash equivalents

2,075,969

3,035,933

Cash and cash equivalents at beginning of year

2

4,995,429

1,959,496

Cash and cash equivalents at end of year

2

7,071,398

4,995,429

1.	RECONCILIATION OF PROFIT FOR THE FINANCIAL YEAR TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

Profit for the financial year

2,553,197

1,999,485

Depreciation charges

360,122

339,867

Profit on disposal of fixed assets

(4,217

)

(19,025

)

Finance income

(141,031

)

(26,932

)

Taxation

888,070

724,942

3,656,141

3,018,337

(Increase)/decrease in stocks

(232,993

)

3,209,077

(Increase)/decrease in trade and other debtors

(286,310

)

752,367

Increase/(decrease) in trade and other creditors

408,071

(2,235,159

)

Cash generated from operations

3,544,909

4,744,622

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2025

31.12.25

1.1.25

£

£

Cash and cash equivalents

7,071,398

4,995,429

Year ended 31 December 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

4,995,429

1,959,496

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.25

Cash flow

At 31.12.25

£

£

£

Net cash

Cash at bank and in hand

4,995,429

2,075,969

7,071,398

4,995,429

2,075,969

7,071,398

Liquid resources

Current asset investments

8,572

-

8,572

8,572

-

8,572

Total

5,004,001

2,075,969

7,079,970

1.	STATUTORY INFORMATION

Allports Garages 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.

Significant judgements and estimates

In the application of the company's accounting policies management is required to make

judgements, estimates and assumptions about the carrying values of assets and liabilities that

affect the amounts reported. These judgements, estimates and assumptions are based on

historical experience and other factors, including expectations of future events, that are believed

to be reasonable and relevant.

The judgements, estimates and assumptions are continually reviewed and any revisions to these

are recognised in the year in which it is revised if such revision affects only that year or in the year

of revision and future years if the revision affects both current and future years.

In the opinion of the directors there are no material judgements, estimates and assumptions that

will affect the financial statements in the current year.

Turnover

The turnover shown in the profit and loss account is the amount receivable for the provision of goods

and services falling within the Company's activities, net of Value Added Tax, rebates and trade

discounts. Turnover from the provision of goods and services are recognised in the accounting period

in which the Company obtains the right to consideration in exchange for its performance and when the

amounts to be recognised are fixed or determinable and collectability is reasonably assured.

Depreciation & impairment of fixed assets

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

Freehold property

-

2% on cost

Improvements to property

-

20% on reducing balance

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

33.3% on cost and 20% reducing balance

Motor vehicles

-

28% on reducing balance

A review for indicators of impairment is carried out at each reporting date, with the recoverable

amount being estimated where such indicators exist. Where the carrying value exceeds the

recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for

possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable

amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating

unit to which the asset belongs. The cash-generating unit is the smallest identifiable

group of assets that includes the asset and generates cash inflows that largely independent of the

cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and

sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing

the stock to its present location and condition. Provision is made for obsolete, slow moving or

defective items as appropriate.

Financial instruments

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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent

to a similar debt instrument, those financial instruments are classed as financial liabilities.

Financial liabilities are presented as such in the balance sheet. Finance costs and gains or

losses relating to financial liabilities are included in the profit and loss account. Finance costs are

calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a

financial liability then this is classed as an equity instrument. Dividends and distributions relating

to equity instruments are debited direct to equity.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

Contributions to defined contribution plans are recognised as an expense in the period in which

the related service is provided. Prepaid contributions are recognised as an asset to the extent

that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the

reporting date in which the employees render the related service, the liability is measured on a

discounted present value basis. The unwinding of the discount is recognised as a finance cost in

profit or loss in the period in which it arises.

Going concern

The financial statements have been prepared on a going concern basis. The company has

sufficient financial resources to ensure its operational existence for the foreseeable future and the

directors forecast continued revenue and profit growth in 2026 and 2027. Accordingly, they

continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

The turnover shown in the profit and loss accounts represents amounts invoiced during the year,

exclusive of Value Added Tax adjusted for deferred income in respect of deposits received and

future maintenance.

Revenue from the sale of goods is recognised when the significant risks and rewards of

ownership of the goods have transferred to the buyer, usually on despatch of the goods, the

amount of revenue can be measured reliably, it is probable that the associated economic benefits

will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be

measured reliably.

Revenue from the rendering of services is measured by reference to the stage of completion of

the service transaction at the end of the reporting period provided that the outcome can be

reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to

the extent that it is probable the expenses recognised will be recovered.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a

past event, it is probable that the entity will be required to transfer economic benefits in settlement

and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability

in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the

obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to

reflect the current best estimate of the amount that would be required to settle the obligation. Any

adjustments to the amounts previously recognised are recognised in profit or loss unless the

provision was originally recognised as part of the cost of an asset. When a provision is measured

at the present value of the amount expected to be required to settle the obligation, the unwinding

of the discount is recognised as a finance cost in profit or loss in the period it arises.

3.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

4,893,997

4,259,426

Social security costs

549,695

447,307

Other pension costs

185,343

114,034

5,629,035

4,820,767

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

2025

2024

Production staff

58

50

Administrative staff

46

49

Management staff

14

13

Directors

3

3

121

115

Certain senior employees who have authority and responsibility for planning, directing and controlling

the activities of the company are considered to be key management personnel. The total remuneration in respect of these individuals is £1,111,933 (2024: £671,178).