REGISTERED NUMBER: 01494005 (England and Wales)

PDSVISION UK LIMITED

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Statement of Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Notes to the Financial Statements

12

DIRECTORS:

M J Oretorp

P J Edwards

REGISTERED OFFICE:

Suite A, Southgate 2

319 Wilmslow Road

Heald Green

Cheadle

SK8 3PW

REGISTERED NUMBER:

01494005 (England and Wales)

AUDITORS:

Clarke Nicklin LLP

Chartered Accountants and

Statutory Auditors

Clarke Nicklin House

Brooks Drive

Cheadle Royal Business Park

Cheadle

Cheshire

SK8 3TD

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

REVIEW OF BUSINESS

The company delivered strong growth in 2025, with turnover increasing to £21,595,207 (2024: £13,489,871), representing a 60.1% rise compared to the prior year. This performance was driven not only by the integration of the acquired business but also by rising demand for digital solutions that support data and engineering process management. Customers are increasingly purchasing a broader range of solutions across the full product portfolio, and underlying profitability has strengthened as the business benefits from increased demand and greater operating scale. The implementation of a new global CRM system has further enhanced internal processes and customer engagement.

Looking ahead, the company’s strategic focus for 2026/27 centres on supporting customers in Product Lifecycle Management and Simulation, with a clear ambition to grow faster than the underlying market. A more integrated go-to-market approach across PLM and Simulation is being introduced to provide a seamless customer experience, while continued alignment with group-level priorities ensures strong support for global customers across regions.

PRINCIPAL RISKS AND UNCERTAINTIES

The principal risks facing the business include attracting and retaining specialist talent and maintaining robust cyber security. These are being actively managed through the introduction of a global HR system to strengthen recruitment and development, and plans to implement ISO 27001 to further enhance cyber resilience.

KEY PERFORMANCE INDICATORS

The company’s competitive advantage lies in its exceptional technical expertise across the digital thread, from systems engineering through PLM, CAD, and simulation, combined with leading technologies from PTC and Ansys. Supported by a highly capable and customer-focused team, the company is well positioned to deliver high-quality outcomes and sustain its strong growth trajectory.

ON BEHALF OF THE BOARD:

P J Edwards - Director

28 August 2026

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of engineering software providers, trainers and consultants.

DIVIDENDS

The total distribution of dividends in the year ended 31 December 2025 was £1,300,000 (2024: £370,000).

DIRECTORS

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

M J Oretorp

P J Edwards

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 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, Clarke Nicklin LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

P J Edwards - Director

28 August 2026

Opinion

We have audited the financial statements of PDSVision UK Limited (the 'company') for the year ended 31 December 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity 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 31 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:

Procedures to identify risks:

-

enquiring of management concerning the company's procedures relating to: identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of noncompliance; detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;

-

discussing among the engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. As part of this discussion, we identified potential for fraud in the following areas: timing of recognition of sales and purchases, and the posting of unusual journals; and

-

obtaining an understanding of the legal and regulatory frameworks that the company operates in, focusing on those laws and regulations that had a direct effect on the financial statements or that had a fundamental effect on the operations of the company. The key laws and regulations we considered in this context included UK Companies Act, employment law, health and safety, pensions legislation and tax legislation.

The procedures to respond to risks identified included:

-

reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with relevant laws and regulations discussed above;

-

enquiring of management, concerning actual and potential litigation and claims;

-

performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

-

reviewing correspondence with HMRC;

-

testing the timing and matching of sales and purchases either side of the year end; and

-

in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

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 Baggott ACA (Senior Statutory Auditor)

for and on behalf of Clarke Nicklin LLP

Chartered Accountants and

Statutory Auditors

Clarke Nicklin House

Brooks Drive

Cheadle Royal Business Park

Cheadle

Cheshire

SK8 3TD

28 August 2026

TURNOVER

21,595,207

13,205,268

Cost of sales

11,222,585

6,505,123

GROSS PROFIT

10,372,622

6,700,145

Distribution costs

228,291

125,767

Administrative expenses

7,715,300

5,085,748

7,943,591

5,211,515

2,429,031

1,488,630

Other operating income

151,551

110,459

OPERATING PROFIT

4

2,580,582

1,599,089

Interest receivable and similar income

1,680

824

2,582,262

1,599,913

Interest payable and similar expenses

5

52,631

-

PROFIT BEFORE TAXATION

2,529,631

1,599,913

Tax on profit

6

666,143

447,278

PROFIT FOR THE FINANCIAL YEAR

1,863,488

1,152,635

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,863,488

1,152,635

Prior year adjustment

8

(213,453

)

(168,258

)

TOTAL COMPREHENSIVE INCOME SINCE LAST ANNUAL REPORT

1,650,035

984,377

FIXED ASSETS

Intangible assets

9

-

39,332

Tangible assets

10

118,736

118,519

118,736

157,851

CURRENT ASSETS

Debtors

11

8,483,305

7,113,406

Cash at bank

753,683

742,877

9,236,988

7,856,283

CREDITORS

Amounts falling due within one year

12

7,757,059

6,995,050

NET CURRENT ASSETS

1,479,929

861,233

TOTAL ASSETS LESS CURRENT LIABILITIES

1,598,665

1,019,084

PROVISIONS FOR LIABILITIES

13

27,169

11,076

NET ASSETS

1,571,496

1,008,008

CAPITAL AND RESERVES

Called up share capital

14

100

100

Retained earnings

15

1,571,396

1,007,908

SHAREHOLDERS' FUNDS

1,571,496

1,008,008

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2026 and were signed on its behalf by:

P J Edwards - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2024

100

393,531

393,631

Prior year adjustment

-

(168,258

)

(168,258

)

As restated

100

225,273

225,373

Changes in equity

Dividends

-

(370,000

)

(370,000

)

Total comprehensive income

-

1,366,088

1,366,088

Balance at 31 December 2024

100

1,221,361

1,221,461

Prior year adjustment

-

(213,453

)

(213,453

)

As restated

100

1,007,908

1,008,008

Changes in equity

Dividends

-

(1,300,000

)

(1,300,000

)

Total comprehensive income

-

1,863,488

1,863,488

Balance at 31 December 2025

100

1,571,396

1,571,496

1.	STATUTORY INFORMATION

PDSVision UK 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 presented in Sterling (£).

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have reached this conclusion giving due consideration to the projected future performance of the company, and any potential risk that might impact the company's ability to meet its required solvency levels. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemption 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made include:

Amortisation and depreciation of assets

The company amortises and depreciates its intangible and tangible assets over their estimated useful lives. The estimation of the useful lives of assets is based on historic experience as well as expectations about future use and therefore requires estimates and assumptions to be applied by the directors. The actual lives of these assets can vary depending on a variety of factors, including technological innovation, product life cycles and maintenance programmes.

Impairment of debtors

The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.

Amounts recoverable on contracts

The company recognises amounts recoverable on contracts based on the stage of completion of individual projects at the reporting date, assessed monthly by the Service Managers and documented in completion schedules. The stage of completion is determined using expected hours to completion, delivery milestones and, where appropriate, managerial judgement, and therefore requires the application of estimates and assumptions. The resulting amounts are reviewed with the relevant Service Manager to ensure they reflect the value of work performed at the reporting date, and actual outcomes may vary depending on factors such as changes in scope, resource utilisation and delivery timelines.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover for consultancy is recognised throughout the contract as work is performed. Turnover for software sales is recognised over the period of the subscription.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, has been fully amortised in the current year, reflecting the directors’ assessment that no further useful economic benefits remain to be derived from the asset.

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 and fittings

-

25% on cost

Motor vehicles

-

25% on cost

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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.

Financial assets

Basic financial assets, including trade debtors, cash and bank balances and amounts owed by group undertakings, are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in the income statement.

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 the ownership of the asset are transferred to another party, or (c) 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.

Financial Liabilities

Basic financial liabilities, including trade creditors and amounts owed to group undertakings, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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

3.	EMPLOYEES AND DIRECTORS

2025

2024

as restated

£

£

Wages and salaries

5,036,971

3,354,710

Social security costs

597,498

144,691

Other pension costs

205,299

319,199

5,839,768

3,818,600

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

2025

2024

as restated

Administration

7

7

Management

8

38

Engineers

39

6

Sales

31

26

85

77

2025

2024

as restated

£

£

Directors' remuneration

170,928

134,375

Directors' pension contributions to money purchase schemes

28,647

65,045

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

Money purchase schemes

2

2

4.	OPERATING PROFIT

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

2025

2024

as restated

£

£

Depreciation - owned assets

75,681

71,775

Profit on disposal of fixed assets

(18,459

)

-

Goodwill amortisation

39,332

33,192

Auditors' remuneration

39,250

22,875

Foreign exchange differences

34,841

44,107

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

as restated

£

£

Bank interest

27,004

-

Interest payable

25,627

-

52,631

-

6.

TAXATION

Analysis of the tax charge

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

2025

2024

as restated

£

£

Current tax:

UK corporation tax

650,543

518,141

Under/(over)provision in prior

(493

)

10,568

Prior year adjustment

-

(71,151

)

Total current tax

650,050

457,558

Deferred tax

16,093

(10,280

)

Tax on profit

666,143

447,278

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

as restated

£

£

Profit before tax

2,529,631

1,599,913

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

632,408

399,978

Effects of:

Expenses not deductible for tax purposes

-

(2,557

)

Income not taxable for tax purposes

24,280

111

Depreciation in excess of capital allowances

9,455

4,317

Adjustments to tax charge in respect of previous periods

-

10,568

Under provision transferred from PDSVision Cambridge

-

34,861

Total tax charge

666,143

447,278

7.

DIVIDENDS

2025

2024

as restated

£

£

Ordinary shares of £1 each

Interim

1,300,000

370,000

8.	PRIOR YEAR ADJUSTMENT

During the year, the company identified errors relating to the valuation of amounts recoverable on contracts at 31 December 2023 and 31 December 2024. The errors arose due to incorrect measurement of amounts recoverable on contracts included within cost of sales, resulting from miscalculation that were not identified in prior year financial statements.

In accordance with FRS 102 Section 10 - Accounting Policies, Estimates and Errors, the comparative figures for the year ended 31 December 2024 and the opening reserves at 1 January 2023 have been restated.

Effect of the prior period adjustment

2024

2023

£

£

Decrease in amounts recoverable on contracts

(284,603

)

(224,344

)

Decrease in sales

(284,603

)

(224,344

)

Decrease in opening retained earnings

(168,258

)

NIL

Decrease in closing retained earnings

(213,453

)

(168,258

)

Decrease in taxation

(71,151

)

(56,086

)

There is no impact on the current year results arising from this correction other than the restatement of comparatives.

9.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

683,003

AMORTISATION

At 1 January 2025

643,671

Amortisation for year

39,332

At 31 December 2025

683,003

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

39,332

10.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2025

298,496

130,414

428,910

Additions

80,869

-

80,869

Disposals

-

(56,190

)

(56,190

)

At 31 December 2025

379,365

74,224

453,589

DEPRECIATION

At 1 January 2025

220,525

89,866

310,391

Charge for year

49,207

26,474

75,681

Eliminated on disposal

-

(51,219

)

(51,219

)

At 31 December 2025

269,732

65,121

334,853

NET BOOK VALUE

At 31 December 2025

109,633

9,103

118,736

At 31 December 2024

77,971

40,548

118,519

11.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade debtors

5,225,130

4,943,808

Amounts owed by group undertakings

2,781,913

1,785,335

Amounts recoverable on contracts

274,736

215,343

Other debtors

33,633

16,312

Prepayments

167,893

152,608

8,483,305

7,113,406

12.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade creditors

2,589,071

2,120,368

Corporation tax

552,656

629,629

Social security and other taxes

111,650

119,312

VAT

350,050

384,154

Other creditors

25,809

18,478

Accruals and deferred income

4,127,823

3,723,109

7,757,059

6,995,050

Pension contributions unpaid at the year end were £37,555 (2024: £NIL).