REGISTERED NUMBER: SC079988 (Scotland)

Berwick-Upon-Tweed Garden Centre Limited

Strategic Report,

Report of the Directors and

Audited Financial Statements

for the Year Ended 30th November 2025

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

to

4

Report of the Independent Auditors

5

to

8

Statement of Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Cash Flow Statement

12

Notes to the Cash Flow Statement

13

Notes to the Financial Statements

14

to

21

Directors:

N G Crabbie

Mrs K S Crabbie

Mrs F C Kherian

Secretary:

Mrs G I C T Crabbie

Registered office:

Westerside Farm

Coldingham

Eyemouth

Berwickshire

TD14 5QE

Business address:

Dunbar Garden Centre

Spott Road

Dunbar

East Lothian

EH42 1BF

Registered number:

SC079988 (Scotland)

Senior statutory auditor:

Gillian Adamson BSC (Hons) CA CTA

Auditors:

Rennie Welch Audit Limited

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

The directors present their strategic report for the year ended 30th November 2025.

Review of business

The business continued to grow within the year ending 30th November 2025. Overall sales were 7.4% up on the previous financial year with each garden centre contributing to an increase in profit.

- Berwick Garden Centre - 6.8% increase in turnover individually

- Dunbar Garden Centre - 4.6% increase in turnover individually

- Plantsplus Garden Centre - 11.5% increase in turnover individually

This was a year of relatively high inflation and in particular there were large increases in the cost of labour and Employer’s National Insurance. The labour force numbers across the company remained static notwithstanding the growth in sales.

A summary of the company's other key performance indicators (KPI's) have been noted below:

KPI

2025

2024

Gross Profit Margin

54%

53%

Operating Expenses as a % of Sales

43%

44%

PBIT as a % of Sales

10%

9%

The above KPI's have been considered an achievement in a year of economic uncertainty.

Principle risks and uncertainties

Two new retail stores, both with garden centres attached, opened in Berwick replacing a Homebase but, so far, have had little impact on Berwick Garden Centre’s sales which rose by 6.8%. Plantsplus Garden Centre faced new competition from the takeover of two local Dobbies Garden Centres by the British Garden Centres Group but sales have proved buoyant. Dunbar Garden Centre’s sales, the largest by volume, grew by 4.6% with the restaurant faring particularly well in spite of plenty of local competition including a local nursery expansion. Currently there is a planning application in progress at Dunbar for a retail park adjacent to the garden centre for a Lidl, B&M and Marks and Spencer food hall which will provide both increased competition and footfall to the area.

The economic position of the country could provide an impact into the performance of the company, through customer demand and further cost pressures. To date, the company has operated successfully through previously challenging times, including the ongoing cost of living pressures, changes in government policies and impact of the wars ongoing in the Middle East and Ukraine.

Development and performance

Due to the satisfactory nature of the company’s finances, the directors continue to pursue a number of business opportunities for further development both externally and within the existing sites. At Plantsplus, plans are well underway for increasing the growing, catering and retailing space. Berwick has a new catering manager who is keen on expanding the offering to appeal to wider clientèle and Dunbar Garden Centre is lodging a planning application to build an extension to the current catering facility to include a second servery and adjacent land is being sought for further, long term expansion including provision of leisure attractions.

The overall performance of the business returns a profit commensurate with the top businesses within the sector.

On behalf of the board:

Mrs F C Kherian - Director

27th July 2026

The directors present their report with the financial statements of the company for the year ended 30th November 2025.

Principal activity

The principal activity of the company in the year under review was that of the operation of garden centres.

Dividends

No interim dividends were paid during the year and no final dividend has been recommended in respect of the year ended 30th November 2025 at the date of signing the accounts.

The total distributions of dividends for the year ended 30th November 2025 was £260,244 which relates to final dividends paid for the year ended 30th November 2024.

Directors

The directors shown below have held office during the whole of the period from 1st December 2024 to the date of this report.

N G Crabbie

Mrs K S Crabbie

Mrs F C Kherian

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;

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

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

Statement as to disclosure of information to auditors

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

Auditors

The auditors, Rennie Welch Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

On behalf of the board:

Mrs F C Kherian - Director

27th July 2026

Opinion

We have audited the financial statements of Berwick-Upon-Tweed Garden Centre Limited (the 'company') for the year ended 30th November 2025 which comprise the Statement of 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 30th November 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.

- the directors were not entitled to prepare the financial statements in accordance with the small companies

regime and take advantage of the small companies' exemption from the requirement to prepare a

Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, 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 identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

Audit response to risks identified

- The nature of the industry and sector, control environment and business performance.

- Any matters we identified having obtained and reviewed the company's documentation of their policies and procedures relating to:

-- Identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance.

-- Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud.

-- The internal controls established to mitigate risks of fraud or non-compliance with laws and regulations.

- The matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and have not identified any significant areas with potential fraud to occur. We hold this basis on that the company is classified under the Companies Act 2006 as a medium company for reporting anomalies would be detected.

Further to this no non-routine financial accounting has taken place from which we would expect an increase of fraud or error to occur.

In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory frameworks that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and local tax legislation.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the Company's ability to operate or to avoid a material penalty.

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.

Gillian Adamson BSC (Hons) CA CTA (Senior Statutory Auditor)

for and on behalf of Rennie Welch Audit Limited

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

27th July 2026

Turnover

3

11,069,951

10,308,312

Cost of sales

(5,147,161

)

(4,799,560

)

Gross profit

5,922,790

5,508,752

Administrative expenses

(4,793,482

)

(4,514,910

)

1,129,308

993,842

Other operating income

505

649

Operating profit

6

1,129,813

994,491

Interest receivable and similar income

7,599

7,264

1,137,412

1,001,755

Interest payable and similar expenses

7

(2,047

)

(35,554

)

Profit before taxation

1,135,365

966,201

Tax on profit

8

(321,648

)

(281,757

)

Profit for the financial year

813,717

684,444

Other comprehensive income

-

-

Total comprehensive income for the year

813,717

684,444

Fixed assets

Intangible assets

10

-

-

Tangible assets

11

5,822,250

6,064,096

5,822,250

6,064,096

Current assets

Stocks

12

2,033,293

2,022,480

Debtors

13

276,515

238,069

Cash at bank and in hand

676,203

892,342

2,986,011

3,152,891

Creditors

Amounts falling due within one year

14

1,422,006

2,371,650

Net current assets

1,564,005

781,241

Total assets less current liabilities

7,386,255

6,845,337

Creditors

Amounts falling due after more than one year

15

(2,497

)

(6,293

)

Provisions for liabilities

18

(146,664

)

(155,423

)

Net assets

7,237,094

6,683,621

Capital and reserves

Called up share capital

19

28,916

28,916

Share premium

20

10,000

10,000

Retained earnings

20

7,198,178

6,644,705

Shareholders' funds

7,237,094

6,683,621

The financial statements were approved by the Board of Directors and authorised for issue on 27th July 2026 and were signed on its behalf by:

Mrs F C Kherian - Director

Called up

share

Retained

Share

Total

capital

earnings

premium

equity

£

£

£

£

Balance at 1st December 2023

28,916

6,191,589

10,000

6,230,505

Changes in equity

Dividends

-

(231,328

)

-

(231,328

)

Total comprehensive income

-

684,444

-

684,444

Balance at 30th November 2024

28,916

6,644,705

10,000

6,683,621

Changes in equity

Dividends

-

(260,244

)

-

(260,244

)

Total comprehensive income

-

813,717

-

813,717

Balance at 30th November 2025

28,916

7,198,178

10,000

7,237,094

Cash flows from operating activities

Cash generated from operations

1

1,515,247

1,395,350

Interest paid

(2,047

)

(35,443

)

Interest element of hire purchase or finance lease rental payments paid

-

(111

)

Tax paid

(253,459

)

(261,017

)

Net cash from operating activities

1,259,741

1,098,779

Cash flows from investing activities

Purchase of tangible fixed assets

(132,317

)

(309,212

)

Sale of tangible fixed assets

4,065

3,250

Interest received

7,599

7,264

Net cash from investing activities

(120,653

)

(298,698

)

Cash flows from financing activities

Loan repayments in year

(1,094,983

)

(274,458

)

Capital repayments in year

-

(7,223

)

Equity dividends paid

(260,244

)

(231,328

)

Net cash from financing activities

(1,355,227

)

(513,009

)

(Decrease)/increase in cash and cash equivalents

(216,139

)

287,072

Cash and cash equivalents at beginning of year

2

892,342

605,270

Cash and cash equivalents at end of year

2

676,203

892,342

1.	Reconciliation of profit before taxation to cash generated from operations

2025

2024

£

£

Profit before taxation

1,135,365

966,201

Depreciation charges

373,098

377,126

Profit on disposal of fixed assets

(3,000

)

(1,082

)

Finance costs

2,047

35,554

Finance income

(7,599

)

(7,264

)

1,499,911

1,370,535

Increase in stocks

(10,813

)

(48,017

)

Increase in trade and other debtors

(38,446

)

(40,582

)

Increase in trade and other creditors

64,595

113,414

Cash generated from operations

1,515,247

1,395,350

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 30th November 2025

30.11.25

1.12.24

£

£

Cash and cash equivalents

676,203

892,342

Year ended 30th November 2024

30.11.24

1.12.23

£

£

Cash and cash equivalents

892,342

605,270

3.	Analysis of changes in net (debt)/funds

At 1.12.24

Cash flow

At 30.11.25

£

£

£

Net cash

Cash at bank and in hand

892,342

(216,139

)

676,203

892,342

(216,139

)

676,203

Debt

Debts falling due within 1 year

(1,094,983

)

1,091,575

(3,408

)

Debts falling due after 1 year

(4,544

)

3,408

(1,136

)

(1,099,527

)

1,094,983

(4,544

)

Total

(207,185

)

878,844

671,659

1.	Statutory information

Berwick-Upon-Tweed Garden Centre Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover

Turnover is the amount derived from ordinary activities, and is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances, and is stated net of VAT.

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

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

- 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 economic benefits associated with the transaction will flow to the company; and

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, has been subsequently fully written down to nil value.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over it's estimated useful life or, if held under a finance lease, over the lease term, whichever is shorter.

Land and buildings - 5% on cost, 3% on cost and 2% on cost

Plant and machinery - 33.33% on cost, 25% on reducing balance, 10% on cost

Fixtures and fittings - 20% on cost and 10% on cost

Motor vehicles - 25% on reducing balance

Land and buildings also includes a number of assets which are not depreciated and therefore are deemed to have an indefinite useful life.

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks

Stock is valued at the lower of cost and estimated selling price less costs to sell. Where applicable, provisions for any slow moving or obsolete items to reduce the cost to net realiseable value if lower.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down of loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, other debtors, trade creditors, other creditors, accruals, hire purchase contracts, bank loans, other loans and directors' loans.

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction cost, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing. Interest expenses is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Hire purchase contracts are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Trade debtors and other debtors are amounts due from customers for goods sold or services performed in the ordinary course of business. Trade debtors with no stated interest rate are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors, other creditors and accruals are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditors for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors with no stated interest rate are recognised at the transaction price.

Other loans (being repayable over an agreed term) and directors' loans (being repayable on demand) are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits

Short term employee benefits, including holiday pay, are recognised as an expense in the income statement in the period in which they are incurred.

Government Grants

Government grants are recognised when it is reasonable to expect that the grants will be received and that all related conditions will be met.

Grants are credited to deferred government grants. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

Going concern

As set out in the strategic report, the directors have reviewed and identified some of the positive economic factors surrounding the company's performance and profitability in the year. These factors have been considered by the directors along with the future expectations and plans for the company for a period beyond 12 months from signing these financial statements to consider the company's going concern position.

The directors therefore believe the company is in a position to continue trading in it's current format for the foreseeable future. Therefore, the directors continue to adopt the going concern basis in the preparation of the financial statements for the company.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the balance sheet, bank overdrafts (where applicable) are shown within borrowings or current liabilities.

3.

Turnover

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

2025

2024

£

£

United Kingdom

11,069,951

10,308,312

11,069,951

10,308,312

4.	Employees and directors

2025

2024

£

£

Wages and salaries

3,095,225

2,919,382

Social security costs

295,278

214,090

Other pension costs

56,699

51,834

3,447,202

3,185,306

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

2025

2024

159

156

5.	Directors' emoluments

2025

2024

£

£

Directors' remuneration

118,578

54,455

Directors' pension contributions to money purchase schemes

1,321

220

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

Money purchase schemes

1

1

6.	Operating profit

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

2025

2024

£

£

Depreciation - owned assets

373,098

377,126

Profit on disposal of fixed assets

(3,000

)

(1,082

)

Auditors' remuneration

16,775

9,900

7.

Interest payable and similar expenses

2025

2024

£

£

Bank loan interest

2,047

35,443

Hire purchase interest

-

111

2,047

35,554