REGISTERED COMPANY NUMBER: 11705200 (England and Wales)

REGISTERED CHARITY NUMBER: 1189564

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 NOVEMBER 2025

FOR

ATERES BEIS YAAKOV LIMITED

Page

Report of the Trustees

1

to

4

Report of the Independent Auditors

5

to

7

Statement of Financial Activities

8

Balance Sheet

9

Cash Flow Statement

10

Notes to the Cash Flow Statement

11

Notes to the Financial Statements

12

to

18

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 November 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

Ateres Beis Yaakov Limited is a charitable organisation dedicated to providing high-quality Orthodox Jewish and general education for girls in North West London. Established to meet the growing demand for faith-based schooling in the community, the charity operates a nursery and primary school that integrates strong academic teaching with Orthodox Jewish values, delivered in a nurturing and supportive environment.

The charitable object is the advancement of Orthodox Jewish religious education and education in general primarily but not exclusively by establishing, maintaining and managing a nursery and primary school for Jewish girls in the North West London area.

Significant activities

During the year under review, the charity received restricted donations totalling £2,041,214 (2024: £382,167), which were specifically designated for the acquisition of a new building to support the continued growth and development of the school. These funds were credited to the restricted building fund and were applied only towards the building project and associated financing costs.

During the year, the charity completed the acquisition of a freehold property to further its strategic aim of expanding educational provision for its growing pupil base. The property has been recognised within fixed assets at the year end. This acquisition represents a major milestone in the charity’s development and is expected to enhance and broaden the facilities available for both religious and secular education in a secure and supportive environment.

The purchase was financed through a combination of restricted donations and external bank finance. This investment in property is aligned with the charity’s long-term vision and strengthens its ability to meet increasing demand while maintaining high standards of education and care.

The trustees wish to express their sincere appreciation to the generous donors whose support made this project possible, and to the bank for its ongoing confidence in the charity’s mission.

Public benefit

The trustees confirm that they have had due regard to the Charity Commission’s guidance on public benefit when reviewing the charity’s aims and activities. They are satisfied that the charity’s work delivers clear public benefit and continues to align with its charitable objectives.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The trustees are pleased to report that, since its establishment, the nursery and school have continued to grow steadily, both in terms of pupil numbers and the breadth of educational provision. The school now serves a larger cohort of children than ever before, reflecting the increasing demand for high-quality Orthodox Jewish education in the local community.

The charity remains committed to delivering a well-rounded curriculum that integrates both general secular education and religious studies, ensuring pupils are equipped with strong academic foundations alongside a deep and meaningful connection to their faith and heritage. The school environment is carefully maintained to be safe and nurturing, where pupils feel protected and supported in all aspects of their development.

This year’s growth has also been supported by further investment in staff recruitment and educational resources, allowing the school to uphold its high standards of care and teaching. The trustees are encouraged by the positive feedback from parents and community members and remain focused on supporting the school’s continued development in line with its charitable aims.

FINANCIAL REVIEW

Financial position

During the year, the charity received total income of £3,363,380 (2024: £1,506,532), comprising fees, grants, donations from both parents and the wider community, and interest. This significant increase in income reflects both the continued growth in pupil numbers, which led to an increase in fees and support from parents, and the receipt of substantial restricted donations towards the purchase of a new building. Together, these factors demonstrate strong community support for the charity’s mission and its strategic expansion.

The total expenditure for the year was £1,460,195 (2024: £1,135,718), which is in line with the charity’s expanding operations. The increase in expenditure is primarily attributable to the rising costs associated with delivering education to a growing student base, including staff salaries, facilities, and educational resources.

Overall, the charity reported a net surplus of £1,903,185 for the year (2024: £370,814). A substantial portion of this surplus (£2,041,214) arose from restricted donations specifically earmarked for the new building project, and was therefore allocated to a designated restricted fund.

At the year end, the charity’s unrestricted funds were in deficit of £3,912 (2024: £5,609 deficit). However, the trustees note that further unrestricted donations were received shortly after the year end, improving this position and providing the necessary liquidity to meet ongoing operational commitments. The restricted fund balance at year end was £2,283,655 (2024: £382,167), reflecting the freehold property acquisition and related capital works, net of associated financing.

Going concern

The trustees have assessed the charity’s financial position and are satisfied that it has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.

FUTURE PLANS

Following the acquisition of the freehold property during the year, the trustees have moved to the next phase of development. Detailed renovation plans have been drawn up to adapt the premises into a suitable and fully compliant educational facility.

A major renovation project is underway, which is expected to significantly expand the school’s capacity and enhance the quality of the learning environment. The refurbished premises are intended to provide new classrooms, specialist teaching areas, and improved facilities to support both the secular and religious curriculum.

Looking ahead, the trustees remain focused on ensuring that the renovations are delivered efficiently and to a high standard. Alongside this capital development, the charity will continue to invest in staff development, curriculum enhancement, and IT infrastructure, so that the school remains well-equipped to meet the needs of its growing pupil population.

The trustees are also mindful of the financial responsibilities associated with this expansion. Fundraising efforts will continue to support the renovation project, while the charity continues to monitor its loan repayments and overall financial stability.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Charitable Company is a company limited by guarantee, incorporated in England and Wales (No. 11705200), registered with the Charity Commission (No.1189564) and governed by its Articles of Association.

Recruitment and appointment of new trustees

The trustees are responsible for the day to day running of the charity. The power to appoint new trustees is vested in the continuing board. It is not the intention of the trustees of the charity to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment, induction and training procedures in accordance with the Charity Commission's guidelines.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

11705200 (England and Wales)

Registered Charity number

1189564

Registered office

First Floor, Winston House

349 Regents Park Road

London

N3 1DH

Trustees

Mr A Y Melinek

Mr M Bordon

Mrs L Melinek

Mr S Berlinger

Auditors

Sugarwhite Meyer Accountants Ltd

94 Stamford Hill

London

N16 6XS

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Ateres Beis Yaakov Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees 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 trustees 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

-	select suitable accounting policies and then apply them consistently;

-	observe the methods and principles in the Charities SORP;

-	make judgements and estimates that are reasonable and prudent;

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

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

-	there is no relevant audit information of which the charitable company's auditors are unaware; and

-	the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

AUDITORS

The statutory auditors, Sugarwhite Meyer Accountants Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 26 August 2026 and signed on its behalf by:

Mr A Y Melinek - Trustee

Opinion

We have audited the financial statements of Ateres Beis Yaakov Limited (the 'charitable company') for the year ended 30 November 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement 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 (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the charitable company's affairs as at 30 November 2025 and of its incoming resources and application of resources, including its income and expenditure, 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 charitable 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 trustees' 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 charitable 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 trustees with respect to going concern are described in the relevant sections of this report.

Other matters

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent 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 Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Trustees has 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 charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

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 trustees' remuneration specified by law are not made; or

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

-	the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) 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 trustees determine is 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 trustees are responsible for assessing the charitable 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 trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our 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 Independent 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 identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our sector experience through discussion with the trustees and other management (as required by auditing standards).

We had regard to laws and regulations in areas that directly affect the financial statements including financial reporting (including related legislation) and taxation legislation. We considered that extent of compliance with those laws and regulations as part of our procedures on the related financial statements items.

With the exception of any known or possible non-compliance, and as required by auditing standards, our work in respect of these was limited to enquiry of the trustees and management.

We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit.

We addressed the risk of fraud through management override of controls, by testing the appropriateness of journal entries and other adjustments; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

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 Independent Auditors.

Use of our report

This report is made solely to the charitable 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 charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Emanuel Meyer FCA BSc (Senior Statutory Auditor)

for and on behalf of Sugarwhite Meyer Accountants Ltd

94 Stamford Hill

London

N16 6XS

27 August 2026

2025

2024

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

1,319,517

2,041,214

3,360,731

1,504,159

Investment income

3

2,649

-

2,649

2,373

Total

1,322,166

2,041,214

3,363,380

1,506,532

EXPENDITURE ON

Raising funds

4

9,109

-

9,109

4,200

Charitable activities

5

Charitable activities

1,311,360

139,726

1,451,086

1,131,518

Total

1,320,469

139,726

1,460,195

1,135,718

NET INCOME

1,697

1,901,488

1,903,185

370,814

RECONCILIATION OF FUNDS

Total funds brought forward

(5,609

)

382,167

376,558

5,744

TOTAL FUNDS CARRIED FORWARD

(3,912

)

2,283,655

2,279,743

376,558

2025

2024

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

10

27,371

4,923,385

4,950,756

85,319

CURRENT ASSETS

Debtors

11

125,669

62

125,731

84,825

Cash at bank

9,332

110,153

119,485

338,241

135,001

110,215

245,216

423,066

CREDITORS

Amounts falling due within one year

12

(157,855

)

-

(157,855

)

(119,355

)

NET CURRENT ASSETS

(22,854

)

110,215

87,361

303,711

TOTAL ASSETS LESS CURRENT LIABILITIES

4,517

5,033,600

5,038,117

389,030

CREDITORS

Amounts falling due after more than one year

13

(8,429

)

(2,749,945

)

(2,758,374

)

(12,472

)

NET ASSETS

(3,912

)

2,283,655

2,279,743

376,558

FUNDS

17

Unrestricted funds

(3,912

)

(5,609

)

Restricted funds

2,283,655

382,167

TOTAL FUNDS

2,279,743

376,558

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

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

Mr A Y Melinek - Trustee

Cash flows from operating activities

Cash generated from operations

1

2,671,457

402,405

Interest paid

(2,351

)

-

Interest element of finance lease payments paid

(394

)

(684

)

Net cash provided by operating activities

2,668,712

401,721

Cash flows from investing activities

Purchase of tangible fixed assets

(4,886,617

)

(72,162

)

Interest received

2,649

2,373

Net cash used in investing activities

(4,883,968

)

(69,789

)

Cash flows from financing activities

New loans in year

1,999,945

-

Loan repayments in year

(1,830

)

(550

)

Capital repayments in year

(1,615

)

6,458

Net cash provided by financing activities

1,996,500

5,908

Change in cash and cash equivalents in the reporting period

(218,756

)

337,840

Cash and cash equivalents at the beginning of the reporting period

338,241

401

Cash and cash equivalents at the end of the reporting period

119,485

338,241

1.	RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

2025

2024

£

£

Net income for the reporting period (as per the Statement of Financial Activities)

1,903,185

370,814

Adjustments for:

Depreciation charges

21,181

38,864

Interest received

(2,649

)

(2,373

)

Interest paid

2,351

-

Interest element of hire purchase and finance lease rental payments

394

684

Increase in debtors

(40,924

)

(35,735

)

Increase in creditors

787,919

30,151

Net cash provided by operations

2,671,457

402,405

2.	ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)

At 1.12.24

Cash flow

At 30.11.25

£

£

£

Net cash

Cash at bank

338,241

(218,756

)

119,485

338,241

(218,756

)

119,485

Debt

Finance leases

(6,458

)

1,615

(4,843

)

Debts falling due within 1 year

(1,230

)

(600

)

(1,830

)

Debts falling due after 1 year

(7,629

)

(1,997,517

)

(2,005,146

)

(15,317

)

(1,996,502

)

(2,011,819

)

Total

322,924

(2,215,258

)

(1,892,334

)

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', 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.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Legal status of the charity

The charity is a company limited by guarantee and has no share capital. Liability of each member in the event of winding-up is limited to £1.

The charity's registered office address is First Floor Winston House, 349 Regents Park Road, London, N3 1DH.

The charity's operating address is 27 Green Lane, London, NW4 2NL.

Going concern

There are no material uncertainties about the charity's ability to continue its operations.

Financial instruments

The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the amount expected to be received or paid and not discounted.

2.	DONATIONS AND LEGACIES

2025

2024

£

£

Fees

224,734

123,278

Donations

2,848,206

724,829

Gift aid

1,441

1,924

Grants

286,350

654,128

3,360,731

1,504,159

Grants received, included in the above, are as follows:

2025

2024

£

£

London Borough of Barnet

263,335

208,835

CST

23,015

28,126

Other grants

-

417,167

286,350

654,128

3.	INVESTMENT INCOME

2025

2024

£

£

Deposit account interest

2,649

2,373

4.	RAISING FUNDS

Raising donations and legacies

2025

2024

£

£

Fundraising costs

9,109

4,200

5.	CHARITABLE ACTIVITIES COSTS

Support

Direct

costs (see

Costs

note 6)

Totals

£

£

£

Charitable activities

888,297

562,789

1,451,086

6.	SUPPORT COSTS

Governance

Management

Finance

costs

Totals

£

£

£

£

Charitable activities

420,376

136,053

6,360

562,789

7.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2025

2024

£

£

Auditors' remuneration

6,360

5,700

Depreciation - owned assets

21,180

38,863

8.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 November 2025 nor for the year ended 30 November 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 November 2025 nor for the year ended 30 November 2024.

9.	STAFF COSTS

2025

2024

£

£

Wages and salaries

844,566

683,203

Social security costs

31,892

18,720

Other pension costs

11,839

7,817

888,297

709,740

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

2025

2024

Employees

50

40

No employees received emoluments in excess of £60,000.

10.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 December 2024

44,648

8,123

130,578

8,694

192,043

Additions

4,878,737

-

6,325

1,555

4,886,617

At 30 November 2025

4,923,385

8,123

136,903

10,249

5,078,660

DEPRECIATION

At 1 December 2024

-

542

99,648

6,534

106,724

Charge for year

-

1,624

17,538

2,018

21,180

At 30 November 2025

-

2,166

117,186

8,552

127,904

NET BOOK VALUE

At 30 November 2025

4,923,385

5,957

19,717

1,697

4,950,756

At 30 November 2024

44,648

7,581

30,930

2,160

85,319

Freehold property is stated at cost. Where a property is under development or undergoing major works to bring it into use for the charity’s activities, no depreciation is charged until the asset is available for its intended use. Depreciation will commence when the property is brought into operational use and will be charged over its estimated useful economic life.

11.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

95,818

76,156

Other debtors

7,750

4,750

VAT

7,081

3,919

Prepayments and accrued income

15,082

-

125,731

84,825

12.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 14)

1,830

1,230

Finance leases (see note 15)

1,615

1,615

Trade creditors

62,449

40,430

Social security and other taxes

61,702

41,021

Pensions

2,318

1,463

Other creditors

6,559

10,628

Net wages

18

130

Accruals and deferred income

21,364

22,838

157,855

119,355