REGISTERED NUMBER: 03443642 (England and Wales)

STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

ARDALE INTERNATIONAL LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Statement of Comprehensive Income

8

Balance Sheet

9

Statement of Changes in Equity

10

Cash Flow Statement

11

Notes to the Cash Flow Statement

12

Notes to the Financial Statements

13

DIRECTORS:

Mr B G Jones

Mr D Farmer

REGISTERED OFFICE:

Suite F & G, Level 3

No 1 Booth Park

Chelford Road

Knutsford

Cheshire

WA16 8GS

REGISTERED NUMBER:

03443642 (England and Wales)

AUDITORS:

Dunhams

Chartered Accountants and

Statutory Auditor

11 Warwick Road

Old Trafford

Stretford

Manchester

M16 0QQ

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

REVIEW OF BUSINESS

The directors consider that the company has had an exceptional year for 2025.

The group continues to move forward with strong reserves and sufficient liquidity to support trading requirements in both the short and medium term.

The directors continue to look to their market place and provide innovative solutions for their customers and to grow the business through securing both new customers and new product lines with existing customers.

PRINCIPAL RISKS AND UNCERTAINTIES

The potential risk which would have the most impact on the business is the destruction of stock; the directors in order to mitigate this risk have taken out insurance on the stock and aim to keep stock holdings to a minimum.

The business is susceptible to fluctuations in the value of key commodities such as oil and the US Dollar, however after assessing the risks faced it is felt acceptable by the directors at present to accept market fluctuations as they will be faced by other businesses within the industry.

The directors, having considered their plans for the future, believe there is sufficient funding in place for the business to operate successfully and feel there is no requirement to secure any further finance at this time.

ON BEHALF OF THE BOARD:

Mr B G Jones - Director

6 July 2026

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of import and distribution of packaging products and other goods.

DIVIDENDS

No dividends will be distributed for the year ended 30 November 2025.

DIRECTORS

The directors set out in the table below have held office during the whole of the period from 1 December 2024 to the date of this report.

The directors shown below were in office at 30 November 2025 but did not hold any interest in the Ordinary shares of £1 each at 1 December 2024 or 30 November 2025.

Mr B G Jones

Mr D Farmer

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), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Dunhams, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr B G Jones - Director

6 July 2026

Opinion

We have audited the financial statements of Ardale International Limited (the 'company') for the year ended 30 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 30 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.

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 obtained an understanding of the legal and regulatory frameworks that are applicable to the company and

determined that the most significant are those which relate to the financial reporting framework (FRS 102 and the

Companies Act 2006) and the relevant direct tax regulations.

We understood how Ardale International Limited is complying with those frameworks by making enquiries with

management, who in this instance are the same as those charged with governance to understand how the Company maintains and communicates its policies and procedures in these areas and to understand the controls put in place to reduce the risk of non-compliance.

We documented our understanding of controls put in place by management to reduce the opportunities for fraudulent transactions and enquired as to the results of their own assessment of those controls during the year.

We assessed the susceptibility of the Company's financial statements to material misstatement, including how fraud

might occur, through internal team conversations and inquiry of management.

We considered the risk of management override by testing sample of journals, focusing on year end and material

journals, investigating them to gain an understanding and then agreeing a sample of them to source documentation.

We also reviewed and assessed both individually and cumulatively accounting estimates included in the financial

statements to assess the extent to which they gave rise to indication of management bias, fraud, or material

misstatement.

Based on this understanding we designed our audit procedures to identify noncompliance with such laws and

regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Andrew Edwards FCA ACCA (Senior Statutory Auditor)

for and on behalf of Dunhams

Chartered Accountants and

Statutory Auditor

11 Warwick Road

Old Trafford

Stretford

Manchester

M16 0QQ

6 July 2026

TURNOVER

32,237,138

34,155,358

Cost of sales

(23,688,131

)

(24,713,315

)

GROSS PROFIT

8,549,007

9,442,043

Administrative expenses

(1,465,988

)

(2,518,381

)

OPERATING PROFIT

4

7,083,019

6,923,662

Interest receivable and similar income

312,887

330,023

PROFIT BEFORE TAXATION

7,395,906

7,253,685

Tax on profit

5

(1,701,996

)

(1,830,392

)

PROFIT FOR THE FINANCIAL YEAR

5,693,910

5,423,293

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

5,693,910

5,423,293

FIXED ASSETS

Intangible assets

7

-

-

Tangible assets

8

74,018

91,174

74,018

91,174

CURRENT ASSETS

Stocks

9

3,308,993

3,274,435

Debtors

10

5,891,112

6,028,511

Cash at bank

14,421,449

8,611,709

23,621,554

17,914,655

CREDITORS

Amounts falling due within one year

11

(4,209,064

)

(4,210,102

)

NET CURRENT ASSETS

19,412,490

13,704,553

TOTAL ASSETS LESS CURRENT LIABILITIES

19,486,508

13,795,727

PROVISIONS FOR LIABILITIES

14

(10,093

)

(13,222

)

NET ASSETS

19,476,415

13,782,505

CAPITAL AND RESERVES

Called up share capital

15

100

100

Retained earnings

16

19,476,315

13,782,405

SHAREHOLDERS' FUNDS

19,476,415

13,782,505

The financial statements were approved by the Board of Directors and authorised for issue on 6 July 2026 and were signed on its behalf by:

Mr B G Jones - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 December 2023

100

9,359,112

9,359,212

Changes in equity

Dividends

-

(1,000,000

)

(1,000,000

)

Total comprehensive income

-

5,423,293

5,423,293

Balance at 30 November 2024

100

13,782,405

13,782,505

Changes in equity

Total comprehensive income

-

5,693,910

5,693,910

Balance at 30 November 2025

100

19,476,315

19,476,415

Cash flows from operating activities

Cash generated from operations

1

7,700,608

8,184,938

Tax paid

(1,692,909

)

(1,816,178

)

Net cash from operating activities

6,007,699

6,368,760

Cash flows from investing activities

Purchase of tangible fixed assets

(10,846

)

(33,203

)

Interest received

312,887

330,023

Net cash from investing activities

302,041

296,820

Cash flows from financing activities

Amount paid to Group Company

(800,000

)

(20,000

)

Amount received from Group Company

-

(902,322

)

Amount introduced by directors

300,000

-

Amount withdrawn by directors

-

(323,361

)

Equity dividends paid

-

(1,000,000

)

Net cash from financing activities

(500,000

)

(2,245,683

)

Increase in cash and cash equivalents

5,809,740

4,419,897

Cash and cash equivalents at beginning of year

2

8,611,709

4,191,812

Cash and cash equivalents at end of year

2

14,421,449

8,611,709

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

2025

2024

£

£

Profit for the financial year

5,693,910

5,423,293

Depreciation charges

28,002

28,070

Finance income

(312,887

)

(330,023

)

Taxation

1,701,996

1,830,392

7,111,021

6,951,732

(Increase)/decrease in stocks

(34,558

)

41,842

Decrease/(increase) in trade and other debtors

637,399

(295,629

)

(Decrease)/increase in trade and other creditors

(13,254

)

1,486,993

Cash generated from operations

7,700,608

8,184,938

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 30 November 2025

30.11.25

1.12.24

£

£

Cash and cash equivalents

14,421,449

8,611,709

Year ended 30 November 2024

30.11.24

1.12.23

£

£

Cash and cash equivalents

8,611,709

4,191,812

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.12.24

Cash flow

At 30.11.25

£

£

£

Net cash

Cash at bank

8,611,709

5,809,740

14,421,449

8,611,709

5,809,740

14,421,449

Total

8,611,709

5,809,740

14,421,449

1.	STATUTORY INFORMATION

Ardale International Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, which are described in note 2, management is required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below.

Stock provision

Management reviews stock holdings at the reporting date to assess whether any provision is required against slow-moving, obsolete or damaged stock. In determining the level of provision, management considers the age and condition of stock, historical sales and usage patterns, expected future demand and the estimated net realisable value of the related items.

Sales overrider accruals

The Company enters into certain sales arrangements under which customers may be entitled to rebates, overrides or other retrospective discounts based on agreed terms and trading volumes. Management estimates the related accruals at the reporting date by reference to contractual arrangements, historical settlement patterns and expected customer purchasing levels. Changes in these assumptions may affect the amounts recognised in the financial statements

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company imports and distributes a number of packaging products.

Sales of goods are recognised on delivery, when the customer has full discretion over the channel and price to sell the product and there is no unfulfilled obligation that could affect the customer’s acceptance of the product.

Delivery occurs when the goods have been shipped to the location specified by the customer, the risks of obsolescence or loss have been transferred to the customer, the customer has accepted the products in accordance with the sales contract, the acceptance provisions have lapsed or the company has objective evidence that all criteria for acceptance have been satisfied.

In some instances goods are shipped direct from the supplier to the customer and the sale of these goods is recognised on receipt of the Bill of Lading showing the order depart for the customer.

Goods to some customers are sold with volume rebates and also with the provision for the customer to return faulty goods. Sales are measured at the prices specified in the sale contract, net of estimated volume rebates and returns. Volume rebates are assessed based on anticipated annual purchases. Accumulated experience is used to estimate and provide for the discounts and returns.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Fixtures & Fittings includes the following sub categories:

Fixtures & Fittings

20% on cost

Computer Equipment

33% on cost

Motor Vehicles

25% on reducing balance

Fixtures & Fittings and Motor Vehicles are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is determined on the average cost method. Cost includes the purchase price, including taxes and duties and transport and handling directly attributable to bringing the inventory to its present location and condition.

Financial instruments

i. Financial assets

Basic financial assets, including trade and other receivables, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the asset is measured at the present value of the future receipts discounted at a market rate of interest.

Financial assets are subsequently carried at amortised cost, where applicable.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled; or (b) substantially all the risks and rewards of ownership of the asset are transferred to another party; or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

ii. Financial liabilities

Basic financial liabilities, including trade and other payables and bank loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the liability is measured at the present value of the future payments discounted at a market rate of interest.

Trade payables 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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are subsequently carried at amortised cost, where applicable.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

iii. Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

Dividends and other distributions to the company’s shareholders are recognised as a liability in the financial statements in the period in which the dividends and other distributions are approved by the shareholders. These amounts are recognised in the statement of changes in equity.

Taxation

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

Current or deferred taxation assets and liabilities are not discounted.

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

Deferred tax

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

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

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

Foreign currencies

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

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.

Operating leases

Rentals applicable to operating leases where substantially all the benefits of risks and ownership remain with the lessor are charged against profit on a straight line basis over the lease term.

Impairment of assets

At each reporting date, assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If such an indication exists, the recoverable amount of the asset is estimated and compared with its carrying amount. Where the carrying amount exceeds the recoverable amount, an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not to an amount higher than the carrying amount that would have been determined had no impairment loss been recognised in prior periods. A reversal of an impairment loss is recognised immediately in profit or loss.

3.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

1,051,120

1,287,880

Social security costs

134,696

356,829

Other pension costs

5,366

5,268

1,191,182

1,649,977

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

2025

2024

Sales

5

5

Office and administration

6

7

11

12

2025

2024

£

£

Directors' remuneration

678,503

1,120,000

Information regarding the highest paid director is as follows:

2025

2024

£

£

Emoluments etc

625,000

1,050,000

4.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

£

Depreciation - owned assets

28,002

28,070

Auditors' remuneration

7,545

8,375

Auditors' remuneration for non audit work

18,356

12,964

5.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

1,705,125

1,830,276

Deferred tax

(3,129

)

116

Tax on profit

1,701,996

1,830,392

Reconciliation of total tax charge included in profit and loss

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

2025

2024

£

£

Profit before tax

7,395,906

7,253,685

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

1,848,977

1,813,421

Effects of:

Expenses not deductible for tax purposes

(146,982

)

15,838

Depreciation in excess of capital allowances

3,130

1,017

Remeasurement of deferred tax for changes in tax rates

-

116

Brought forward directors remuneration now paid

-

(250,000

)

Carried forward directors remuneration unpaid

-

250,000

Remeasurement of deferred tax for movement between TWDV & NBV of assets

(3,129

)

-

Total tax charge

1,701,996

1,830,392

6.

DIVIDENDS

2025

2024

£

£

Interim

-

1,000,000

7.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2024

and 30 November 2025

14,500

AMORTISATION

At 1 December 2024

and 30 November 2025

14,500

NET BOOK VALUE

At 30 November 2025

-

At 30 November 2024

-

8.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 December 2024

100,136

137,878

238,014

Additions

10,846

-

10,846

At 30 November 2025

110,982

137,878

248,860

DEPRECIATION

At 1 December 2024

65,893

80,947

146,840

Charge for year

13,769

14,233

28,002

At 30 November 2025

79,662

95,180

174,842

NET BOOK VALUE

At 30 November 2025

31,320

42,698

74,018

At 30 November 2024

34,243

56,931

91,174

9.

STOCKS

2025

2024

£

£

Finished goods

3,308,993

3,274,435

10.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

4,751,503

5,018,860

Amounts owed by group undertakings

820,000

20,000

Directors' current accounts

-

300,000

Prepayments and accrued income

319,609

689,651

5,891,112

6,028,511

11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,009,731

1,132,207

Tax

805,125

792,909

Social security and other taxes

18,559

15,596

Pension control

-

977

VAT

802,917

749,430

Accrued expenses

1,572,732

1,518,983

4,209,064

4,210,102