REGISTERED NUMBER: 05161867 (England and Wales)

Stokers Holdings Limited

Group Strategic Report,

Report of the Directors and

Audited

Consolidated Financial Statements

for the Year Ended 30 April 2026

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

6

Report of the Independent Auditors

9

Consolidated Income Statement

12

Consolidated Other Comprehensive Income

13

Consolidated Balance Sheet

14

Company Balance Sheet

15

Consolidated Statement of Changes in Equity

16

Company Statement of Changes in Equity

17

Consolidated Cash Flow Statement

18

Notes to the Consolidated Cash Flow Statement

19

Notes to the Consolidated Financial Statements

20

DIRECTORS:

JN Stoker

SG Schofield

SECRETARY:

JN Stoker

REGISTERED OFFICE:

277 Wennington Road

Southport

Merseyside

PR9 7TW

REGISTERED NUMBER:

05161867 (England and Wales)

AUDITORS:

McMillan & Co LLP

Chartered Accountants and

Statutory Auditor

28 Eaton Avenue

Matrix Office Park

Buckshaw Village

Chorley

Lancashire

PR7 7NA

The directors present their strategic report of the company and the group for the year ended 30 April 2026.

Stokers Holdings Limited is the ultimate parent undertaking for the trading subsidiary Stokers Limited. There are also a number of other dormant subsidiary companies in the Group. Stokers Holdings Limited's principal activity is being a holding company owning the land and buildings from which Stokers Limited undertakes the trade of retailing furniture, carpets and other household products.

REVIEW OF BUSINESS

The results of Stokers Holdings Limited and Stokers Limited and other subsidiary undertakings have been consolidated and show profit before taxation of £4,946,220 (2025: £4,489,753).

The group's primary objective is to be the best independent furniture business in the country by providing quality products at the very best price with excellent customer service, and to achieve this in a family run business with highly qualified and motivated staff. We will achieve this goal by investing in our people, our stores, and our products. We constantly train and evaluate all our staff, so they consistently achieve some of the best performance criteria in the industry. We maintain high standards in our stores with regular refurbishment of displays and premises.

Our buyers are some of the leading figures in the industry, selecting the best products from around the globe and, with our purchasing power, excellent value for money is always achieved. The long-term objective is to bring this level of service to more consumers around the country by expanding into areas not already served by one of our existing stores. The group continues to seek further expansion opportunities either by acquiring businesses, sites, or suitable premises in future years.

The Group continues to maintain a very strong balance sheet, at the year end cash and liquid current assets stood at £21.2m (2025: £18.9m). There is also in excess of £40 million of unencumbered freehold property assets within the group. The group had no external borrowing or debt finance at the year end.

For this reason the directors are confident that the group can maintain its expansion plans and at the same time weather any storms the UK economy may endure.

The group has always recognised the importance of minimising its' impact upon the environment and has done and will continue to seek ways to reduce its carbon footprint. Stokers Limited commissioned a full energy performance review and the results of this are included in this report.

The group would like to thank all of its employees for their hard work and dedication over the past few challenging years. The directors believe that their commitment and the strength of the group's finances make the group well-prepared for future growth and continued profitability.

KEY PERFORMANCE INDICATORS

The directors monitor the performance of the Group on the following Key Performance Indicators ("KPI's") - sales, profit margins, overall Group profits and overall cash liquidity.

2026

2025

Sales

£61.3m

£59.4m

Gross profit margin

39.0%

37.9%

Operating profit margin

6.6%

6.2%

Group pre tax profits

£4.9m

£4.5m

Group bank and liquid asset balances at year end

£21.1m

£18.9m

Net assets

£53.5m

£53.8m

SECTION 172(1) STATEMENT

Introduction

As directors of Stokers Holdings Limited, we are committed to promoting the success of the company for the benefit of its members. In doing so, we have regard to the matters set out in Section 172(1) of the Companies Act 2006.

Long-Term Decision Making

We consider the likely consequences of our decisions in the long term. This includes evaluating the sustainability of our business model, investing in innovation, and ensuring that our strategic plans align with our long-term goals.

Employee Interests

Our employees are our most valuable asset. We strive to create a positive working environment, offer opportunities for professional development, and ensure fair treatment and equal opportunities for all.

The board address the employees in forums to update them on the company's performance and to enable employees to put forward comments and feedback together with any suggestions for change.

Business Relationships

We recognise the importance of fostering strong relationships with our suppliers, customers, and other stakeholders. We engage in regular dialogue with our partners to ensure mutual benefit and long-term collaboration.

Regular supply meetings take place where any feedback on quality, delivery and payment times can be discussed openly and honestly.

Community and Environment

We are committed to minimising our environmental impact and contributing positively to the communities in which we operate. This includes implementing sustainable practices and supporting local initiatives or charities for example wherever possible.

High Standards of Business Conduct

Maintaining a reputation for high standards of business conduct is crucial to our success. We adhere to ethical practices, comply with all relevant regulations, and promote a culture of integrity within the company.

Fairness Between Members

The Directors and their families between them own 100% of the Company's shares and as such the shareholders hold an implicit knowledge of the decisions made by the Directors.

Conclusion

In summary, the Directors of Stokers Holdings Limited are dedicated to promoting the success of the company while considering the broader impact of our actions on employees, business partners, the community, and the environment.

ENGAGEMENT WITH EMPLOYEES

Details of the number of employees and related costs are included within the notes to the financial statements.

Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of an employee becoming disabled every effort is made to ensure that their employment with the Group continues and that appropriate training and support is given. It is the policy of the Group that the training, career development and promotion of disabled persons should, as far as possible, be identical with that of other employees.

The Group's policies and practices are to keep employees informed on matters relevant to them as employees and economic factors affecting the Group's performance through regular meetings and other communications. Employee representatives are consulted regularly on a wide range of matters affecting their interests.

The Group encourages employee involvement in its performance through incentive schemes.

The Group operates a group personal pension scheme for the benefit of all eligible employees who wish to join. Employer contributions are between 3 and 5% of earnings dependent upon individual circumstances.

PRINCIPAL RISKS AND UNCERTAINTIES

At the present time the directors and management are faced with these principal risks to the business;

The performance of the economy, together with the continually changing political landscape, is creating a challenging retail environment.

Consumers face significant pressure from higher taxes and rising costs, compounded by environmental policies that impose additional financial burdens on both households and businesses.

These pressures are likely to weaken consumer confidence and reduce disposal income, limiting consumers' ability to spend on discretionary, big ticket purchases.

Businesses also continue to face growing regulatory and administrative demands, which increase costs and constrain productivity. Improving productivity remains one of the most significant challenges as companies contend with rising expenses and squeezed margins.

Against a difficult backdrop, our Group has continued to improve its processes and systems through the adoption of modern technology. These investments have increased productivity and enabled us to maintain a stable headcount despite higher turnover and increased levels of activity.

Taking all of the above factors into consideration, the group does not consider itself to be exposed to any significant going concern, liquidity risk or other such risks.

FIXED ASSETS

Details of the additions and disposals to fixed assets are set out in the notes to the financial statements. The group continues to invest in its stores and new plant to ensure it continues to provide a safe and enjoyable environment to work and shop.

The directors do not adopt a policy of revaluation of fixed assets on the grounds of undue cost, but they believe that the value of the group's freehold property portfolio is considerably understated at a book value of £40 million. The directors believe a more realistic valuation of the group's property portfolio would increase shareholder net assets by over £10 million.

ON BEHALF OF THE BOARD:

JN Stoker - Secretary

18 August 2026

The directors present their report with the financial statements of the company and the group for the year ended 30 April 2026.

DIVIDENDS

A dividend of £4,000,000 (2025: £2,000,000) was paid during the year.

DIRECTORS

Mr JN Stoker and Mr SG Schofield are also directors of the subsidiary undertakings Stokers Limited and J.P. Lucas & Company Limited.

STREAMLINED ENERGY AND CARBON REPORTING

Stokers Holdings Limited's greenhouse gas emissions, reportable under the Streamlined Energy and Carbon Reporting (SECR) for the year ended 30 April 2026 were 926 tonnes CO2e and this compares to 1,014 tonnes CO2e for the previous year - a reduction of 88 tonnes CO2e. These include the emissions associated with electricity, natural gas consumption, and business travel in company and private vehicles by employees.

In accordance with the legislation an intensity ratio has been calculated, and for Stokers Holdings Limited this is 15.1 tonnes CO2e per £m of revenues and this compares to 17.1 tonnes CO2e per £m revenue for the previous year.

Greenhouse gas emissions

Greenhouse gas emissions for the year 2025/26 expressed in tonnes CO2e ("tCO2e") totalled 926 on revenues of £61.3m compared to 1,014 on revenues of £59.4m for 2024/25. This can be broken down as;

2026

2025

tCO2e

% of total

tCO2e

% of total

-

Natural gas

245

26

290

29

-

Transportation Fuel

348

38

380

37

-

Electricity

333

36

344

34

The company's critical intensity ratios are:

2026

2025

tCO2e per £m

tCO2e per £m

-

Revenue intensity ratio

15.1

17.1

tCO2e per sqm

tCO2e per sqm

-

Area intensity ratio

0.012

0.019

The breakdown of greenhouse gas emissions by scope for the years 2025/26 and 2024/25 expressed in tonnes CO2e were:

2026

2025

tCO2e

% of total

tCO2e

% of total

-

Natural gas and company-operated transport

593

64

671

66

-

Electricity

303

33

310

31

-

Losses from electricity distribution and transmission

30

3

33

3

This only includes emissions reportable under SECR and may not reflect the entire carbon footprint of the organisation.

Energy consumption

Energy consumption by year (kWh) and by Emissions source;

2026

2025

kWh

% of total

kWh

% of total

-

Natural gas

1,327,582

26

1,589,459

32

-

Transportation Fuel

1,423,802

28

1,585,732

32

-

Electricity (purchased)

2,311,525

46

1,755,081

36

Total Energy Consumption

5,062,909

4,930,272

There was an increase of 132,637 KWh on the prior year (2024/25: reduction - 60,194 KWh).

Boundary, methodology and exclusions

An 'operational control' approach has been used to define the Greenhouse Gas emissions boundary. This approach captures emissions associated with the operation of all buildings such as warehouses, offices, and manufacturing sites, plus company-owned and leased transport. This report covers UK operations only, as required by SECR for Non-Quoted Large Companies.

This information was collected and reported in line with the methodology set out in the UK Government's Environmental Reporting Guidelines, 2019 as well as the GHG Reporting Protocol - Corporate Standard, as updated for the June 2026 UK Government Conversion Factors. There are no material omissions from the mandatory reporting scope. The reporting period is for the years ended 30 April 2026 and 30 April 2025 as per the financial statements.

Energy efficiency initiatives

The company has been pro-active throughout both 2025/26 and 2024/25 reporting periods and the directors set out below some of the energy efficiency initiatives that the company has been undertaking:

-

LED fittings retrofit: We have an ongoing plan to replace old fluorescent tubes with LED alternatives as they fail. Similarly the directors we are also looking to install motion detectors to the lighting whenever practicable.

-

Solar PV installation: The company continues with the roll out of PV at its stores and further installations are planned for the coming years as the company continues to reduce its electricity consumption.

-

Delivery vehicle upgrade: We are continuing to replace our older Euro 4 and 5 deliver vehicles with new Euro 6 vehicles and will continue to look at reducing the size and weight of our vehicles, giving greater mpg, where we can.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group 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 group'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 group's auditors are aware of that information.

AUDITORS

The auditors, McMillan & Co LLP, are deemed to be reappointed under section 487(2) of the Companies Act 2006.

ON BEHALF OF THE BOARD:

JN Stoker - Secretary

18 August 2026

Opinion

We have audited the financial statements of Stokers Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 April 2026 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated 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 group's and of the parent company affairs as at 30 April 2026 and of the group's 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 group 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 group's and the parent 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 Group 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 Group 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 Group 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 group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company 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 eight, 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 group's and the parent 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 group or the parent 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:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

-

the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

-

we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the sector;

-

we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation;

-

we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

-

identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

-

making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

-

the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

-

performed analytical procedures to identify any unusual or unexpected relationships, and

-

tested journal entries to identify unusual transactions,

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

-

agreeing financial statement disclosures to underlying supporting documentation;

-

reading the minutes of meetings of those charged with governance;

-

enquiring of management as to actual and potential litigation and claims; and

-

reviewing correspondence with HMRC, relevant regulators including the Health and Safety Executive, and the company's legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

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.

Andrea Gerring FCA (Senior Statutory Auditor)

for and on behalf of McMillan & Co LLP

Chartered Accountants and

Statutory Auditor

18 August 2026

TURNOVER

3

61,325,751

59,371,110

Cost of sales

37,431,547

36,861,726

GROSS PROFIT

23,894,204

22,509,384

Distribution costs

14,269,383

13,572,391

Administrative expenses

5,820,086

5,454,098

20,089,469

19,026,489

3,804,735

3,482,895

Other operating income

248,817

212,738

OPERATING PROFIT

5

4,053,552

3,695,633

Income from investments

15,619

41,874

Interest receivable and similar income

779,579

736,607

795,198

778,481

4,848,750

4,474,114

Gains or losses on investments

6

(129,681

)

(34,896

)

4,978,431

4,509,010

Interest payable and similar expenses

7

32,211

19,257

PROFIT BEFORE TAXATION

4,946,220

4,489,753

Tax on profit

8

1,266,595

914,738

PROFIT FOR THE FINANCIAL YEAR

3,679,625

3,575,015

Profit attributable to:

Owners of the parent

3,679,625

3,575,015

PROFIT FOR THE YEAR

3,679,625

3,575,015

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

3,679,625

3,575,015

Total comprehensive income attributable to:

Owners of the parent

3,679,625

3,575,015

FIXED ASSETS

Intangible assets

11

-

-

Tangible assets

12

44,764,093

44,734,666

Investments

13

-

-

44,764,093

44,734,666

CURRENT ASSETS

Stocks

14

8,749,046

9,167,747

Debtors

15

2,392,389

2,990,582

Investments

16

21

2,150,745

Cash at bank and in hand

21,194,232

16,703,976

32,335,688

31,013,050

CREDITORS

Amounts falling due within one year

17

22,276,383

20,765,861

NET CURRENT ASSETS

10,059,305

10,247,189

TOTAL ASSETS LESS CURRENT LIABILITIES

54,823,398

54,981,855

PROVISIONS FOR LIABILITIES

20

1,288,445

1,126,527

NET ASSETS

53,534,953

53,855,328

CAPITAL AND RESERVES

Called up share capital

21

431,709

431,709

Revaluation reserve

22

2,107,585

2,107,585

Capital redemption reserve

22

68,291

68,291

Retained earnings

22

50,927,368

51,247,743

SHAREHOLDERS' FUNDS

53,534,953

53,855,328

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2026 and were signed on its behalf by:

JN Stoker - Director

SG Schofield - Director

FIXED ASSETS

Intangible assets

11

-

-

Tangible assets

12

40,335,731

40,123,235

Investments

13

431,709

431,709

40,767,440

40,554,944

CURRENT ASSETS

Debtors

15

422

422

Investments

16

21

2,150,745

Cash at bank

18,904,215

14,559,295

18,904,658

16,710,462

CREDITORS

Amounts falling due within one year

17

11,897,324

11,977,368

NET CURRENT ASSETS

7,007,334

4,733,094

TOTAL ASSETS LESS CURRENT LIABILITIES

47,774,774

45,288,038

CREDITORS

Amounts falling due after more than one year

18

(16,000,000

)

(12,000,000

)

PROVISIONS FOR LIABILITIES

20

(252,104

)

(144,998

)

NET ASSETS

31,522,670

33,143,040

CAPITAL AND RESERVES

Called up share capital

21

431,709

431,709

Retained earnings

22

31,090,961

32,711,331

SHAREHOLDERS' FUNDS

31,522,670

33,143,040

Company's profit for the financial year

2,379,630

2,702,506

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2026 and were signed on its behalf by:

JN Stoker - Director

SG Schofield - Director

Called up

Capital

share

Retained

Revaluation

redemption

Total

capital

earnings

reserve

reserve

equity

£

£

£

£

£

Balance at 1 May 2024

431,709

49,672,728

2,107,585

68,291

52,280,313

Changes in equity

Dividends

-

(2,000,000

)

-

-

(2,000,000

)

Total comprehensive income

-

3,575,015

-

-

3,575,015

Balance at 30 April 2025

431,709

51,247,743

2,107,585

68,291

53,855,328

Changes in equity

Dividends

-

(4,000,000

)

-

-

(4,000,000

)

Total comprehensive income

-

3,679,625

-

-

3,679,625

Balance at 30 April 2026

431,709

50,927,368

2,107,585

68,291

53,534,953

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 May 2024

431,709

32,008,825

32,440,534

Changes in equity

Dividends

-

(2,000,000

)

(2,000,000

)

Total comprehensive income

-

2,702,506

2,702,506

Balance at 30 April 2025

431,709

32,711,331

33,143,040

Changes in equity

Dividends

-

(4,000,000

)

(4,000,000

)

Total comprehensive income

-

2,379,630

2,379,630

Balance at 30 April 2026

431,709

31,090,961

31,522,670

Cash flows from operating activities

Cash generated from operations

1

7,014,276

4,796,396

Interest paid

(31,791

)

(19,257

)

Tax paid

(1,312,267

)

(290,504

)

Net cash from operating activities

5,670,218

4,486,635

Cash flows from investing activities

Purchase of tangible fixed assets

(927,993

)

(1,471,923

)

Sale of tangible fixed assets

833

13,300

Proceeds sale of current investments

2,280,405

368,685

Acquisition of current asset investments

-

(398,090

)

Interest received

779,160

736,607

Dividends received

15,619

41,874

Net cash from investing activities

2,148,024

(709,547

)

Cash flows from financing activities

Directors loans withdrawn

(3,327,986

)

(762,556

)

Net cash from financing activities

(3,327,986

)

(762,556

)

Increase in cash and cash equivalents

4,490,256

3,014,532

Cash and cash equivalents at beginning of year

2

16,703,976

13,689,444

Cash and cash equivalents at end of year

2

21,194,232

16,703,976