REGISTERED NUMBER: 01274236 (England and Wales)

Strategic Report, Report of the Director and

Financial Statements for the Year Ended 31 December 2025

for

Geoff Neal Litho Limited

Page

Company Information

1

Strategic Report

2

Report of the Director

4

Report of the Independent Auditors

5

Income Statement

8

Other Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Notes to the Financial Statements

12

DIRECTOR:

D Geers

REGISTERED OFFICE:

C/o Park Communications Limited

Alpine Way

London

E6 6LA

REGISTERED NUMBER:

01274236 (England and Wales)

AUDITORS:

Try Lunn & Co

Chartered Accountants

and Statutory Auditors

Roland House

Princes Dock Street

HULL HU1 2LD

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

REVIEW OF BUSINESS

Following the acquisition of the business by the Park Group the trade of Geoff Neal Litho Limited was hived up into Park Communications Limited on 1 June 2025.

The company's turnover in the 5 months to 31 May 2025 was £3,367,807, compared to £12,054,549 in 2024. The 2024 figures are for a 14 month period.

The loss before tax was £663,950, compared to a profit of £120,099 in 2024.

The gross profit margin dropped from 29.6% in 2024 to 18% in 2025.

Cash balances dropped during the year from £261,999 to £92,941.

The remaining assets of the company will be disposed of in the coming months prior to an orderly winding up of the business taking place, the parent company and other group companies are supporting the company where necessary.

PRINCIPAL RISKS AND UNCERTAINTIES

There are certain risks which could directly and materially impact the Company's results compared with expectations.

A summary of key risks is set out below. This is not an exhaustive list of the factors that could adversely impact Company profitability.

1) General economic conditions

The Company minimised its exposure to economic uncertainties and other events that impact customer purchasing by maintaining a mix of markets, and by producing high levels of quality, speed, confidentiality and environmental performance that are rarely matched by competitors.

2) Market risk

The Company had a mix of products/markets in order to reduce exposure to the downturn in any one product/market. This is no longer a risk given the future winding down of the business.

3) Financial risks

The Company financed its operations through a combination of internally generated cash flows, existing cash deposits and borrowings.

The Company's financial controller managed the Company's cash and main banking relationship. This is operated as a cost and risk reduction programme.

There continues to be a financial risk due to reliance on the group companies to support the company during its closure.

DEVELOPMENT AND PERFORMANCE

The results for the year are as expected given that the company's trade was hived up in June 2025 and the remainder of the year was dealing with outstanding issues.

KEY PERFORMANCE INDICATORS

The performance of the business was assessed by using a variety of key performance indicators, including the measurement of turnover and profit and liquid funds.

These are not comparable to the previous year as it only traded for 5 months of the year compared to the previous period which was a 14 month period.

There are no KPI's moving forward as the company has ceased to trade.

ON BEHALF OF THE BOARD:

D Geers - Director

8 July 2026

The director presents his 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 artworking, printing, finishing, and distribution of reports, magazines, catalogues, and brochures, and the production, installation and de-installation of large format display products.

The Director intends to carry out an orderly winding up of the company.

DIVIDENDS

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

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTOR

D Geers held office during the whole of the period from 1 January 2025 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

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

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

-	select suitable accounting policies and then apply them consistently;

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

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

AUDITORS

The auditors, Try Lunn & Co, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

D Geers - Director

8 July 2026

Opinion

We have audited the financial statements of Geoff Neal Litho 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 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

The company is not a going concern.

Emphasis of matter

We draw attention to Note 2 to the financial statements which explains that the Director intends to liquidate the company and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern as described in Note 2. Our opinion is not modified in respect of this matter.

Other information

The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Matters on which we are required to report by exception

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

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

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

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

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

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

Responsibilities of director

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

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

Auditors' responsibilities for the audit of the financial statements

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

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

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, 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 gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that 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.

We focused on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statements disclosures to underlying supporting documentation, enquiries with management. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

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.

Andrew Ewart FCA FCCA (Senior Statutory Auditor)

for and on behalf of Try Lunn & Co

Chartered Accountants

and Statutory Auditors

Roland House

Princes Dock Street

HULL HU1 2LD

8 July 2026

TURNOVER

3

3,367,807

12,054,549

Cost of sales

2,761,342

8,492,179

GROSS PROFIT

606,465

3,562,370

Distribution costs

65,991

153,222

Administrative expenses

1,678,547

3,212,977

1,744,538

3,366,199

(1,138,073

)

196,171

Other operating income

643,546

-

OPERATING (LOSS)/PROFIT

5

(494,527

)

196,171

Interest receivable and similar income

1,076

4,619

(493,451

)

200,790

Interest payable and similar expenses

7

170,499

80,691

(LOSS)/PROFIT BEFORE TAXATION

(663,950

)

120,099

Tax on (loss)/profit

8

(266,735

)

12,372

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(397,215

)

107,727

(LOSS)/PROFIT FOR THE YEAR

(397,215

)

107,727

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(397,215

)

107,727

FIXED ASSETS

Tangible assets

10

181,718

1,214,736

CURRENT ASSETS

Stocks

11

-

201,575

Debtors

12

114,600

2,096,843

Cash at bank and in hand

92,941

261,999

207,541

2,560,417

CREDITORS

Amounts falling due within one year

13

267,829

2,991,277

NET CURRENT LIABILITIES

(60,288

)

(430,860

)

TOTAL ASSETS LESS CURRENT LIABILITIES

121,430

783,876

PROVISIONS FOR LIABILITIES

15

-

265,231

NET ASSETS

121,430

518,645

CAPITAL AND RESERVES

Called up share capital

16

500

500

Capital redemption reserve

17

500

500

Retained earnings

17

120,430

517,645

SHAREHOLDERS' FUNDS

121,430

518,645

The financial statements were approved by the director and authorised for issue on 8 July 2026 and were signed by:

D Geers - Director

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 November 2023

500

1,887,668

500

1,888,668

Changes in equity

Dividends

-

(1,477,750

)

-

(1,477,750

)

Total comprehensive income

-

107,727

-

107,727

Balance at 31 December 2024

500

517,645

500

518,645

Changes in equity

Total comprehensive income

-

(397,215

)

-

(397,215

)

Balance at 31 December 2025

500

120,430

500

121,430

1.	STATUTORY INFORMATION

Geoff Neal Litho 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 Director intends to carry out an orderly winding up of the company's activities. The company is therefore not a going concern.

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 requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

•

the requirements of paragraphs 29.28(b) and 29.29;

•

the requirement of paragraph 33.7.

This information is included in the consolidated financial statements of Park Group Holdings Limited as at 31 December 2025 and these financial statements may be obtained from Companies House.

Significant judgements and estimates

Depreciation policies are determined based on the useful economic life of the assets to which they relate which are based on historical experience.

Work in progress consists of labour, material, outwork and handling costs. The year end work in progress figure represents the time and materials consumed prior to the year end that are expected to be fully recovered on completion of the work. Where possible actual costs have been used at arriving at the work in progress balance.

Trade debtors are provided against on a specific basis to the extent that they are considered irrecoverable. No general provisions are made against the trade debtor balance.

No other significant judgements have been made in preparing these financial statements

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

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

- the Company has transferred the significant risks and rewards of ownership to the buyer;

- the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the transaction, and

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

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably, and

- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets

Depreciation is charged so as to allocate the cost of assets less their residual value over the estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery - 10%-25% Straight line

Office Equipment - 25% Straight line

Fixtures and fittings - 25% Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

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

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

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

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet 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.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

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.

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3.

TURNOVER

The turnover and loss (2024 - profit) before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

Period

1.11.23

Year Ended

to

31.12.25

31.12.24

£

£

Sale of goods

3,367,807

12,054,549

3,367,807

12,054,549

4.	EMPLOYEES AND DIRECTORS

Period

1.11.23

Year Ended

to

31.12.25

31.12.24

£

£

Wages and salaries

1,024,060

2,647,614

Social security costs

72,968

171,899

Other pension costs

19,785

50,206

1,116,813

2,869,719

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

Period

1.11.23

Year Ended

to

31.12.25

31.12.24

Sales, production and administration

23

51

Directors

1

1

24

52

Period

1.11.23

Year Ended

to

31.12.25

31.12.24

£

£

Directors' remuneration

-

12,600

5.	OPERATING (LOSS)/PROFIT

The operating loss (2024 - operating profit) is stated after charging/(crediting):

Period

1.11.23

Year Ended

to

31.12.25

31.12.24

£

£

Hire of plant and machinery

24,086

82,371

Other operating leases

74,250

259,000

Depreciation - owned assets

34,960

255,611

Loss/(profit) on disposal of fixed assets

34,257

(266,188

)

Foreign exchange differences

6,664

15,592

6.	AUDITORS' REMUNERATION

Period

1.11.23

Year Ended

to

31.12.25

31.12.24

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

10,500

14,500

7.

INTEREST PAYABLE AND SIMILAR EXPENSES

Period

1.11.23

Year Ended

to

31.12.25

31.12.24

£

£

Hire purchase interest

170,499

80,691

8.

TAXATION

Analysis of the tax (credit)/charge

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

Period

1.11.23

Year Ended

to

31.12.25

31.12.24

£

£

Current tax:

UK corporation tax

(1,504

)

(37,942

)

Deferred tax

(265,231

)

50,314

Tax on (loss)/profit

(266,735

)

12,372

9.

DIVIDENDS

Period

1.11.23

Year Ended

to

31.12.25

31.12.24

£

£

Ordinary shares of £1 each

Interim

-

1,477,750

10.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2025

2,632,426

94,280

422,466

3,149,172

Disposals

(2,394,952

)

(94,280

)

(422,466

)

(2,911,698

)

At 31 December 2025

237,474

-

-

237,474

DEPRECIATION

At 1 January 2025

1,420,489

94,280

419,667

1,934,436

Charge for year

32,161

-

2,799

34,960

Eliminated on disposal

(1,396,894

)

(94,280

)

(422,466

)

(1,913,640

)

At 31 December 2025

55,756

-

-

55,756

NET BOOK VALUE

At 31 December 2025

181,718

-

-

181,718

At 31 December 2024

1,211,937

-

2,799

1,214,736

The net book value of assets held under finance leases or hire purchase contracts included above are £181,718 (2024: £957,514).

11.

STOCKS

2025

2024

£

£

Stocks

-

140,105

Work-in-progress

-

61,470

-

201,575

12.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

109,512

1,846,974

Amounts owed by group undertakings

1

-

Other debtors

-

63,221

Prepayments and accrued income

5,087

186,648

114,600

2,096,843

13.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 14)

164,843

930,083

Trade creditors

20,609

1,559,290

Amounts owed to group undertakings

52,501

53,459

Tax

-

41,866

Social security and other taxes

-

53,925

VAT

1,330

5,605

Other creditors

6

19,133

Accrued expenses

28,540

327,916

267,829

2,991,277

Included within other creditors are unpaid pension contributions of £NIL (2024: £8,043).

The obligations under finance leases are secured on the assets to which they relate.

14.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025

2024

£

£

Net obligations repayable:

Within one year

164,843

930,083

15.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

-

265,231