REGISTERED NUMBER: 01770104 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31st December 2025

for

Barrie Beard Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Statement of Income and Retained Earnings

8

Balance Sheet

9

Notes to the Financial Statements

10

DIRECTORS:

Mr R W Beard

Mr L Ball

Mrs J M Emery

Mr D S Stokes

Mr D Ingram

Mr K Best

Mr J R Beard

Mr M J Chance

REGISTERED OFFICE:

Worcester Road

Upton Warren

Bromsgrove

Worcestershire

B61 7ET

REGISTERED NUMBER:

01770104 (England and Wales)

AUDITORS:

Richards Sandy Audit Services Ltd

Thorneloe House

25 Barbourne Road

Worcester

Worcestershire

WR1 1RU

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

REVIEW OF BUSINESS

We aim to present a balanced and comprehensive review of the development and performance of our business during the year and its position at the year end. Our review is consistent with the size and non-complex nature of our business and is written in the context of the risks and uncertainties we face.

The Company's principal activities during the year have remained unchanged.

We consider that our key finance performance indicators are those that communicate the financial performance and strength of the Company as a whole, these being turnover, gross margin and return on equity.

The turnover of the Company relates to the principal activity. The turnover, when compared to the previous year increased by 28.58%.

The gross profit for the year amounted to £5,720,855 compared to £3,317,089 in the previous year, this represents a gross margin of 30.42% as compared with 22.69% for the previous year.

There was an operating profit for the year of £2,924,490, compared to £436,008 in the previous year.

PRINCIPAL RISKS AND UNCERTAINTIES

There are a variety of business risks arising from operating within the construction industry. The Directors manage risk associated with general market conditions through knowledge of the industry and monthly management accounts. It is subject to the usual credit and cashflow risks and manages this through credit control procedures.

In line with the rest of the sector the Directors have identified the following as the more significant risks and uncertainties faced by the Company: customer retention, margin pressures arising from price sensitivity of contracts, along with increases in labour costs and increases in material costs, and ultimately profitability.

The Directors believe that robust internal control processes in place, strong customer relationships, and excellent levels of customer service, provide the Company with very good protection in relation to the principle risks and uncertainties faced.

RESEARCH AND DEVELOPMENT ACTIVITIES

Technology is transforming the way that buildings and infrastructure are designed, constructed and operated. It is helping to improve decision making and performance across collaborative partnerships. Barrie Beard Ltd have a dedicated in-house design team using BIM, AUTOCAD, and Electrical OM.

BIM facilitates collaborative project delivery, generating opportunities for model data and project information to be modified, shared and managed throughout a project’s entirety.BIM (Building Information Modelling) is an intelligent 3D model-based process that gives architecture, engineering and construction the insight and tools to more efficiently plan, design, construct and manage buildings and infrastructure.

With the high level of analytical thinking, BIM enables Barrie Beard Ltd the ability to problem solve quickly & effectively. BIM enables us to speedily evaluate alternative solutions to create a positive impact on projects to ensure a successful completion.

BIM enables the client to experience an in-depth visualisation experience into Structural, Mechanical, Electrical and Plumbing design.

ON BEHALF OF THE BOARD:

Mr R W Beard - Director

26th August 2026

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of electrical contractor.

DIVIDENDS

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

DIRECTORS

The directors shown below have held office during the whole of the period from 1st January 2025 to the date of this report.

Mr R W Beard

Mr L Ball

Mrs J M Emery

Mr D S Stokes

Other changes in directors holding office are as follows:

Mr D Ingram - appointed 1st March 2025

Mr K Best , Mr J R Beard and Mr M J Chance were appointed as directors after 31st December 2025 but prior to the date of this report.

Mr J Barnes , Mr L B Beard and Mr W M Beard ceased to be directors after 31st December 2025 but prior to the date of this report.

QUALIFYING THIRD PARTY INDEMNITY PROVISIONS

The company has made qualifying third party indemnity provisions for the benefit of its directors during the period. These provisions remain in force at the reporting date.

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.

ON BEHALF OF THE BOARD:

Mr R W Beard - Director

26th August 2026

Opinion

We have audited the financial statements of Barrie Beard Limited (the 'company') for the year ended 31st December 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31st December 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:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

However, it is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, we have:

-

obtained an understanding of the nature of the industry and sector, including the legal and regulatory framework that the company operates in and how the company is complying with the legal and regulatory framework; and

-

inquired of management, and those charged with governance, about their own identification and assessment of the risks of irregularities, including any known actual, suspected or alleged instances of fraud.

As a result of these procedures we consider the most significant laws and regulations that have a direct impact on the financial statements are Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', the Companies Act 2006 (and related legislation), and laws and regulations relating to the employment and payment of staff including, but not limited to, the Employment Rights Act 1996, the National Minimum Wage Act 1998 and the Pensions Act 2008.

We performed audit procedures to detect non-compliance which may have a material impact on the financial statements, which included reviewing the financial statement disclosures and testing a sample of monthly payroll records for the calculation of gross wages, payroll taxes and pension costs.

We identified the areas of the financial statements most susceptible to fraud to be management's judgement in estimating the stage of completion of contracts as at the year end (calculated based on total costs to date compared to total expected costs). We have tested a sample of contracts ongoing at the year end and tested the calculation of costs to date, reviewed managements assumptions in estimating total expected costs and checking the calculation involved for this sample of contracts.

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.

Ms Aimee Stinton FCCA (Senior Statutory Auditor)

for and on behalf of Richards Sandy Audit Services Ltd

Thorneloe House

25 Barbourne Road

Worcester

Worcestershire

WR1 1RU

26th August 2026

TURNOVER

4

18,801,179

14,621,993

Cost of sales

13,080,324

11,304,904

GROSS PROFIT

5,720,855

3,317,089

Administrative expenses

2,806,365

2,884,581

2,914,490

432,508

Other operating income

10,000

3,500

OPERATING PROFIT

7

2,924,490

436,008

Interest receivable and similar income

8

30,471

23,059

PROFIT BEFORE TAXATION

2,954,961

459,067

Tax on profit

9

800,446

138,570

PROFIT FOR THE FINANCIAL YEAR

2,154,515

320,497

Retained earnings at beginning of year

6,608,763

6,514,954

Dividends

10

-

(226,688

)

RETAINED EARNINGS AT END OF YEAR

8,763,278

6,608,763

FIXED ASSETS

Tangible assets

11

636,338

657,727

CURRENT ASSETS

Stocks

12

298,125

314,403

Debtors

13

9,712,729

6,137,116

Cash at bank and in hand

1,646,419

1,108,658

11,657,273

7,560,177

CREDITORS

Amounts falling due within one year

14

3,395,200

1,517,266

NET CURRENT ASSETS

8,262,073

6,042,911

TOTAL ASSETS LESS CURRENT LIABILITIES

8,898,411

6,700,638

PROVISIONS FOR LIABILITIES

16

135,033

91,775

NET ASSETS

8,763,378

6,608,863

CAPITAL AND RESERVES

Called up share capital

17

100

100

Retained earnings

8,763,278

6,608,763

SHAREHOLDERS' FUNDS

8,763,378

6,608,863

The financial statements were approved by the Board of Directors and authorised for issue on 26th August 2026 and were signed on its behalf by:

Mr R W Beard - Director

1.	STATUTORY INFORMATION

Barrie Beard 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.

FINANCIAL REPORTING STANDARD 102 - REDUCED DISCLOSURE EXEMPTIONS

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirement of paragraph 3.17(d).

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured as the fair value of the consideration received, excluding discounts, rebates, value added tax and other sales.

For contract revenue, where the outcome of a contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the balance sheet date. This is normally measured by the proportion that contract costs incurred for work performed to date bear to the estimated total contract costs, except where this would not be representative of the stage of completion. Variations in contract work, claims and incentive payments are included to the extent that can be measured reliably and its receipt is considered probable.

Where the outcome of a contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable they will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred.

For sale of electrical goods and scrap metal, revenue is recognised when the customer is given the stock being sold.

TANGIBLE FIXED ASSETS

Tangible fixed assets are initially measured at cost, net of depreciation and any impairment losses:

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following basis:

Plant and machinery

-

15% Reducing Balance

Property Improvements

-

5% on cost

Computer equipment

-

25% on cost

Motor Vehicles

-

25% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of an asset, and is credited or charged to the profit or loss.

GOVERNMENT GRANTS

Government grants are recognised on the performance model. A grant that does not impose specified future performance-related conditions is recognised in income when the grant proceeds are received or receivable. A grant that imposes specified future performance-related conditions is recognised in income only when the performance-related conditions are met. Grants received before the revenue recognition criteria are satisfied are recognised as a liability.

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 first-in, first-out (FIFO) method.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

FINANCIAL INSTRUMENTS

Financial instruments are recognised when the company becomes party to contractual provisions of the instrument.

Financial assets are offset, with the net amounts presented in the accounts where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic Financial Liabilities

Basic financial liabilities, including trade and other payables, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future receipts, discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of the operations 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.

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.

PENSION COSTS

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.

IMPAIRMENT OF FIXED ASSETS

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

3.	KEY SOURCES OF ESTIMATION UNCERTAINTY

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Measurement of amounts recoverable under contract

The group recognises contract revenue and costs associated with professional service contracts by reference to the estimated stage of completion of contracts at the year end. The estimated stage of completion of contracts is calculated based on total costs to date compared to total expected costs. Total expected costs of contracts could potentially vary significantly from the amounts used in calculating the year end estimated stage of completion of contract.

The carrying value of amounts recoverable on contract at the year end can be found in note 13 of the financial statements.

4.

TURNOVER

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

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

2025

2024

£

£

Contract services rendered

18,744,021

14,573,110

Shop sale of goods

42,777

48,683

Scrap metal sales

14,381

200

18,801,179

14,621,993

5.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

5,545,017

5,477,651

Social security costs

650,648

614,862

Other pension costs

123,376

117,357

6,319,041

6,209,870

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

2025

2024

Employees

124

130

All staff pension costs relate only to defined contribution pension schemes.

6.	DIRECTORS' EMOLUMENTS

2025

2024

£

£

Directors' remuneration

871,026

628,067

Directors' pension contributions to money purchase schemes

14,584

16,313

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

Money purchase schemes

8

7

Information regarding the highest paid director is as follows:

2025

2024

£

£

Emoluments etc

187,731

122,014

Pension contributions to money purchase schemes

4,800

3,000

7.	OPERATING PROFIT

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

2025

2024

£

£

Depreciation - owned assets

134,330

132,107

Loss on disposal of fixed assets

8,441

788

Auditors' remuneration

11,500

11,000

Government grant income

(10,000

)

(3,500

)

Rent - operating leases

98,000

98,000

8.

INTEREST RECEIVABLE AND SIMILAR INCOME

2025

2024

£

£

Bank interest

22,714

14,597

Corporation tax interest

7,757

8,462

30,471

23,059

9.

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

757,188

130,743

Deferred tax:

Origination and reversal of timing differences

143

3,763

Adjustments to amounts provided in previous years

43,115

4,064

Total deferred tax

43,258

7,827

Tax on profit

800,446

138,570

RECONCILIATION OF TOTAL TAX CHARGE INCLUDED IN PROFIT AND LOSS

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

£

£

Profit before tax

2,954,961

459,067

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

738,740

114,767

Effects of:

Expenses not deductible for tax purposes

15,864

17,012

Adjustments to tax charge in respect of previous periods

43,115

4,064

Depreciation on fixed assets excluded from the capital allowance pool

2,727

2,727

Total tax charge

800,446

138,570

10.

DIVIDENDS

2025

2024

£

£

Interim dividends

Ordinary A shares of £1.00 each

-

-

Ordinary B shares of £1.00 each

-

12,000

Ordinary C shares of £1.00 each

-

67,257

Ordinary D shares of £1.00 each

-

46,885

Ordinary shares of £1.00 each

-

100,546

-

226,688

11.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st January 2025

807,001

225,593

703,327

129,885

1,865,806

Additions

-

2,345

109,063

18,391

129,799

Disposals

(57,884

)

(9,546

)

(109,000

)

(49,370

)

(225,800

)

At 31st December 2025

749,117

218,392

703,390

98,906

1,769,805

DEPRECIATION

At 1st January 2025

567,881

116,491

432,617

91,090

1,208,079

Charge for year

37,458

15,993

69,649

11,230

134,330

Eliminated on disposal

(57,884

)

(5,893

)

(96,479

)

(48,686

)

(208,942

)

At 31st December 2025

547,455

126,591

405,787

53,634

1,133,467

NET BOOK VALUE

At 31st December 2025

201,662

91,801

297,603

45,272

636,338

At 31st December 2024

239,120

109,102

270,710

38,795

657,727

12.

STOCKS

2025

2024

£

£

Raw materials

298,125

314,403

13.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,647,102

1,323,659

Amounts owed by group undertakings

5,341,208

3,430,727

Amounts recoverable on contract

1,007,940

785,763

Other debtors

44,228

87,251

Amounts owed to related parties

385,592

287,062

Directors' loan accounts

3,124

-

VAT

150,189

82,734

Prepayments and accrued income

133,346

139,920

9,712,729

6,137,116

14.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,453,221

854,731

Corporation tax

757,188

1,281

Social security and other taxes

452,675

225,311

Pension control

52,280

26,253

Accrued expenses

679,836

409,690

3,395,200

1,517,266

15.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

98,000

98,000

Between one and five years

98,000

98,000

In more than five years

138,833

236,833

334,833

432,833

16.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

135,033

99,350

Other timing differences

-

(7,575

)

135,033

91,775

Deferred

tax

£

Balance at 1st January 2025

91,775

Charge to Statement of Comprehensive Income during year

43,258

Balance at 31st December 2025

135,033

17.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1.00

100

100

100

100