REGISTERED NUMBER: SC156534 (Scotland)

Strategic Report,

Report of the Directors and

Financial Statements

for the Year Ended 31 December 2025

for

R & J Strang Tyre Services Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Income Statement

8

Other Comprehensive Income

9

Statement of Financial Position

10

Statement of Changes in Equity

11

Statement of Cash Flows

12

Notes to the Statement of Cash Flows

13

Notes to the Financial Statements

14

DIRECTORS:

T Mortimer

N Choudhury

J Marth

SECRETARY:

N Choudhury

REGISTERED OFFICE:

Radleigh House

1 Golf Road

Clarkston

Glasgow

G76 7HU

REGISTERED NUMBER:

SC156534 (Scotland)

AUDITORS:

O'Haras Accountants Limited (Statutory Auditor)

Radleigh House

1 Golf Road

Clarkston

Glasgow

G76 7HU

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

The principal activity of R&J Strang Tyre Services Limited is to provide a complete tyre management service to its customers, including inspections, repairs and fitment of tyres to ensure minimal operational disruption and maximum road safety for their vehicles.

The company's directors are happy with the company's financial performance for the year to 31 December 2025. The company, together with the majority of trading companies, has experienced challenging economic conditions in its industry in recent years. This has had an impact on both turnover and margin achieved.

REVIEW OF BUSINESS

The company delivered an improved financial performance during 2025. Revenue broadly remained stable at £23.35m (2024: £23.44m), while gross profit increased by £573k to £3.13m and operating losses reduced from £1.98m to £1.59m. The directors are of the view that while the revenue reflects a sign of the challenging economic conditions specific to the tyre fitting sector, the significant gross profitability increase indicates positive signs that the measures in place to improve profitability are continually being reflected in the financial results, with the hope that stronger performance improvement initiatives will yield revenue and gross margin improvements.

The directors are of the view that the company is in a strong position now to grow the business and are confident of the company's future financial performance, with numerous performance improvement and sales initiatives being active in 2026. The key strategic priority is to convert improving operational performance into sustainable profitability while reducing dependence on intercompany funding.

The company continues to rely on the support of its parent company through the amounts due to group undertakings. The key strategic priority of the company is to convert improving operational performance into sustainable profitability to reduce dependency on intercompany funding.

Stock levels continue on a downward trend this year towards an optimum level of efficiency. The company is continuing to focus on the development of business with appropriate customers in its sector with increasing competition from national tyre chains.

PRINCIPAL RISKS AND UNCERTAINTIES

As with many businesses, the current economic climate continues to present risks and uncertainties and indeed we have found that the risk of some of our customers being unable to settle their accounts has increased, but strong control measures are in place to mitigate this risk. We also are mindful in the industry in which we operate that the fluctuating cost of raw materials such as oil and natural rubber may cause uncertainty in the stability of the purchase price of our stock.

These risks and uncertainties are kept in mind when considering future growth plans as such plans carry uncertainty and risk as growth will be dependent on the company securing new clients and contracts as well as the monetary investment required. The directors are confident that the company, being a part of the wider Continental Group, is well placed financially to be able to support any future growth plans.

ON BEHALF OF THE BOARD:

N Choudhury - Director

14 August 2026

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

DIVIDENDS

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

DIRECTORS

T Mortimer has held office during the whole of the period from 1 January 2025 to the date of this report.

Other changes in directors holding office are as follows:

M Owen - resigned 21 February 2025

T Isik - resigned 1 May 2025

N Choudhury - appointed 21 February 2025

J Marth - appointed 1 May 2025

These directors have no substantial shareholdings in the company.

A qualifying third party indemnity is in place providing Directors and Officers insurance cover.

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, O'Haras Accountants Limited (Statutory Auditor), will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

N Choudhury - Director

14 August 2026

Opinion

We have audited the financial statements of R & J Strang Tyre Services Limited (the 'company') for the year ended 31 December 2025 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the Statement of Cash Flows, 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 101 'Reduced Disclosure Framework' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

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

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

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

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

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

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Matters on which we are required to report by exception

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

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

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

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

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

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

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page 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.

We gained an understanding of the legal and regulatory framework applicable to the company and the motor industry in which it operates. We made enquiries of management as to whether there were any known or suspected instances of non-compliance with laws and regulations or fraud, and reviewed available board minutes for any indication of such matters.

We gained an understanding of management's internal controls designed to prevent and detect irregularities in their day-to-day operations.

We considered the company’s revenue recognition policy and performed substantive tests to confirm the completeness of revenue reported.

We considered laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, UK GAAP, the Companies Act 2006 and UK tax legislation. We assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement components.Our tests included agreeing the financial statement disclosures to underlying supporting documentation, enquiries with management and enquiries of relevant third parties.

We considered how fraud might occur in this company and designed our tests accordingly.

We performed audit work to address the risk of management override of internal controls, including reviewing journals, reviewing for large or unusual items and transactions out with the normal course of business, 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.

John O'Hara CA (Senior Statutory Auditor)

for and on behalf of O'Haras Accountants Limited (Statutory Auditor)

Radleigh House

1 Golf Road

Clarkston

Glasgow

G76 7HU

14 August 2026

TURNOVER

23,351,300

23,443,005

Cost of sales

20,216,783

20,881,416

GROSS PROFIT

3,134,517

2,561,589

Administrative expenses

4,720,066

4,541,998

OPERATING LOSS

(1,585,549

)

(1,980,409

)

Interest payable and similar expenses

3

163,103

120,757

LOSS BEFORE TAXATION

4

(1,748,652

)

(2,101,166

)

Tax on loss

5

(384,002

)

(479,788

)

LOSS FOR THE FINANCIAL YEAR

(1,364,650

)

(1,621,378

)

LOSS FOR THE YEAR

(1,364,650

)

(1,621,378

)

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(1,364,650

)

(1,621,378

)

FIXED ASSETS

Owned

Tangible assets

6

2,181,627

2,206,271

Right-of-use

Tangible assets

6, 12

705,060

561,270

2,886,687

2,767,541

CURRENT ASSETS

Stocks

7

1,473,195

1,706,211

Debtors

8

1,710,400

1,797,846

Cash at bank

191

466

3,183,786

3,504,523

CREDITORS

Amounts falling due within one year

9

5,746,246

4,947,724

NET CURRENT LIABILITIES

(2,562,460

)

(1,443,201

)

TOTAL ASSETS LESS CURRENT LIABILITIES

324,227

1,324,340

CREDITORS

Amounts falling due after more than one year

10

(1,072,713

)

(733,498

)

PROVISIONS FOR LIABILITIES

13

(417,102

)

(391,780

)

NET (LIABILITIES)/ASSETS

(1,165,588

)

199,062

CAPITAL AND RESERVES

Called up share capital

14

10,000

10,000

Retained earnings

15

(1,175,588

)

189,062

SHAREHOLDERS' FUNDS

(1,165,588

)

199,062

The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2026 and were signed on its behalf by:

N Choudhury - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2024

10,000

1,810,440

1,820,440

Changes in equity

Total comprehensive income

-

(1,621,378

)

(1,621,378

)

Balance at 31 December 2024

10,000

189,062

199,062

Changes in equity

Total comprehensive income

-

(1,364,650

)

(1,364,650

)

Balance at 31 December 2025

10,000

(1,175,588

)

(1,165,588

)

Cash flows from operating activities

Cash generated from operations

1

622,703

168,018

Interest paid

(133,204

)

(107,860

)

Lease interest paid

(29,899

)

(12,897

)

Tax paid

409,304

662,496

Net cash from operating activities

868,904

709,757

Cash flows from investing activities

Purchase of tangible fixed assets

(1,056,828

)

(571,638

)

Sale of tangible fixed assets

22,965

18,508

Net cash from investing activities

(1,033,863

)

(553,130

)

Cash flows from financing activities

New loans in year

353,592

-

Payment of lease liabilities

(188,908

)

(171,630

)

Net cash from financing activities

164,684

(171,630

)

Decrease in cash and cash equivalents

(275

)

(15,003

)

Cash and cash equivalents at beginning of year

2

466

15,469

Cash and cash equivalents at end of year

2

191

466

1.	RECONCILIATION OF LOSS BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

Loss before taxation

(1,748,652

)

(2,101,166

)

Depreciation charges

933,363

799,103

Profit on disposal of fixed assets

(18,646

)

(14,436

)

Finance costs

163,103

120,757

(670,832

)

(1,195,742

)

Decrease in stocks

233,016

165,421

Decrease in trade and other debtors

87,446

646,317

Increase in trade and other creditors

973,073

552,022

Cash generated from operations

622,703

168,018

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 31 December 2025

31.12.25

1.1.25

£

£

Cash and cash equivalents

191

466

Year ended 31 December 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

466

15,469

1.	ACCOUNTING POLICIES

Basis of preparation

These financial statements have been prepared in accordance with Financial Reporting Standard 101 "Reduced Disclosure Framework" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern

The directors have reviewed their projections and feel that the company has sufficient cash reserves, and the support of the larger group of which it is part, to enable it to trade through the current climate.

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 101 "Reduced Disclosure Framework":

•

the requirements of paragraph 24(6) of IFRS 6 Exploration for and Evaluation of Mineral Resources;

•

the requirements of IFRS 7 Financial Instruments: Disclosures;

•

the requirements of paragraphs 91 to 99 of IFRS 13 Fair Value Measurement;

•

the requirements of paragraph 52, the second sentence of paragraph 89, and paragraphs 90, 91 and 93 of IFRS 16 Leases;

the requirements of paragraph 58 of IFRS 16;

•

the requirement in paragraph 38 of IAS 1 Presentation of Financial Statements to present comparative information in respect of:

-

paragraphs 53(a), (h) and (j) of IFRS 16;

•

the requirements of paragraphs 10(d), 10(f), 16, 38A, 38B, 38C, 38D, 40A, 40B, 40C, 40D, 111 and 134 to 136 of IAS 1;

•

the requirements of

-

paragraphs 1 to 44E, 44H(b)(ii) and 45 to 63 of IAS 7 Statement of Cash Flows; and

-

paragraphs 44F, 44G, 44H(a), 44H(b)(i), 44H(b)(iii) and 44H(c) of IAS 7;

•

the requirements of paragraphs 88C and 88D of IAS 12 Income Taxes;

•

the requirements of paragraph 74(b) of IAS 16;

•

the requirements of paragraphs 17 and 18A of IAS 24 Related Party Disclosures;

•

the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into between two or more members of a group.

Critical accounting judgements and key sources of estimation uncertainty

In preparing these financial statements, the directors are required to make judgements, estimates and assumptions that affect the application of the Company's accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively.

There are no significant judgements or estimates used in the preparation of these accounts.

Turnover

Revenue represents the fair value of consideration received or receivable for goods and services provided in the normal course of business, net of discounts, VAT, and other sales-related taxes.

The company recognises revenue from the sale and fitting of tyres, wheel alignments, puncture repairs, and related maintenance services when control of the goods or services is transferred to the customer.

Tyre sales and fitting services - Revenue is recognised at the point the tyres are fitted and the service is complete, as this is when the performance obligation is satisfied.

Maintenance and repair services - Revenue is recognised upon completion of the service, typically on the same day, as the customer obtains control of the service at that time.

Goods sold without fitting - Revenue is recognised when the goods are delivered to and accepted by the customer.

Where contracts include multiple performance obligations (e.g. sale of tyres with an included maintenance package), the total transaction price is allocated to each performance obligation based on relative standalone selling prices, and revenue is recognised when each obligation is satisfied.

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 its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Leasehold prop

-

at varying rates on cost

Improvements to property

-

10% on cost

Plant and machinery

-

10% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

20% on cost

Impairment of fixed assets

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in nonconvertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents comprises cash balances. Bank overdrafts that are payable on demand and form an integral part of the company's cash management are included as a component of cash and cash equivalents for the purpose only of the cash flow statement.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Inventories

Inventories and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items

Cost is calculated using average costing method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

Taxation

Current taxes are based on the results shown in the financial statements and are calculated according to local tax rules, using tax rates enacted or substantially enacted by the statement of financial position date.

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

Deferred tax assets and liabilities are not discounted.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

Leases

Leases are recognised as finance leases. The lease liability is initially recognised at the present value of the lease payments which have not yet been made and subsequently measured under the amortised cost method. The initial cost of the right-of-use asset comprises the amount of the initial measurement of the lease liability, lease payments made prior to the lease commencement date, initial direct costs and the estimated costs of removing or dismantling the underlying asset per the conditions of the contract.

Where ownership of the right-of-use asset transfers to the lessee at the end of the lease term, the right-of-use asset is depreciated over the asset’s remaining useful life. If ownership of the right-of-use asset does not transfer to the lessee at the end of the lease term, depreciation is charged over the shorter of the useful life of the right-of-use asset and the lease term.

Employee benefit costs

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

Short-term employee benefits, including holiday pay, are recognised as an expense over the period in which the employees provide services. A liability is recognised for holiday pay accrued at the reporting date, measured at the undiscounted amount expected to be paid.

2.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

3,646,564

3,680,304

Social security costs

458,901

364,345

Other pension costs

104,836

102,235

4,210,301

4,146,884

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

2025

2024

Tyre fitting

72

71

Administrative and support staff

20

23

Management

2

2

94

96

2025

2024

£

£

Directors' remuneration

-

-

None of the directors received any emoluments from the company for their services during the year (2024 - £nil). The directors are remunerated by other group companies in their capacity as executives of those entities, as their services to this company are incidental to their broader roles within the group. No charges or recharges are paid or payable by the company for the services of these directors (2024 - £nil).

3.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Other interest

133,204

107,860

Leasing

29,899

12,897

163,103

120,757

4.	LOSS BEFORE TAXATION

The loss before taxation is stated after charging/(crediting):

2025

2024

£

£

Cost of inventories recognised as expense

20,216,783

20,881,416

Depreciation - owned assets

723,560

626,160

Depreciation - assets on hire purchase contracts or finance leases

209,803

172,944

Profit on disposal of fixed assets

(18,646

)

(14,436

)

Auditors' remuneration

25,000

25,000

5.

TAXATION

Analysis of tax income

2025

2024

£

£

Current tax:

Tax

(409,324

)

(500,062

)

Prior year under provision

-

(162,434

)

Total current tax

(409,324

)

(662,496

)

Deferred tax

25,322

182,708

Total tax income in income statement

(384,002

)

(479,788

)

Factors affecting the tax expense

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2025

2024

£

£

Loss before income tax

(1,748,652

)

(2,101,166

)

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

(437,163

)

(525,292

)

Effects of:

Expenses not deductible for tax purposes

27,839

25,230

Adjustments in respect of prior periods

-

(162,434

)

Deferred tax expense

25,322

182,708

Tax income

(384,002

)

(479,788

)

6.	TANGIBLE FIXED ASSETS

Improvements

Leasehold

to

Plant and

prop

property

machinery

£

£

£

COST

At 1 January 2025

1,147,463

36,257

334,479

Additions

338,320

3,268

18,400

Disposals

-

-

(4,540

)

At 31 December 2025

1,485,783

39,525

348,339

DEPRECIATION

At 1 January 2025

596,199

31,550

223,791

Charge for year

201,490

587

30,700

Eliminated on disposal

-

-

(4,540

)

At 31 December 2025

797,689

32,137

249,951

NET BOOK VALUE

At 31 December 2025

688,094

7,388

98,388

At 31 December 2024

551,264

4,707

110,688

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2025

75,667

3,531,321

110,217

5,235,404

Additions

32,237

649,330

15,273

1,056,828

Disposals

-

(202,348

)

-

(206,888

)

At 31 December 2025

107,904

3,978,303

125,490

6,085,344

DEPRECIATION

At 1 January 2025

62,326

1,502,721

51,276

2,467,863

Charge for year

5,470

672,716

22,400

933,363

Eliminated on disposal

-

(198,029

)

-

(202,569

)

At 31 December 2025

67,796

1,977,408

73,676

3,198,657

NET BOOK VALUE

At 31 December 2025

40,108

2,000,895

51,814

2,886,687

At 31 December 2024

13,341

2,028,600

58,941

2,767,541

7.

STOCKS

2025

2024

£

£

Stocks

1,473,195

1,706,211

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,183,216

1,355,593

Amounts owed by group undertakings

29,213

22,772

Other debtors

8,421

8,919

Prepayments and accrued income

489,550

410,562

1,710,400

1,797,846

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Leases (see note 11)

170,433

131,099

Trade creditors

653,512

574,291

Amounts owed to group undertakings

4,396,144

3,772,412

Social security and other taxes

99,867

83,196

VAT

92,023

45,943

Accruals and deferred income

334,267

340,783

5,746,246

4,947,724