REGISTERED NUMBER: 02984467 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

FLETCHER MOORLAND LIMITED

Page

Company information

1

Strategic report

2

to

3

Report of the directors

4

to

5

Report of the independent auditors

6

to

9

Statement of income and retained earnings

10

Statement of financial position

11

Notes to the financial statements

12

to

19

DIRECTORS:

J Fletcher

M K Fletcher

M P Fletcher

D Bouchier

SECRETARY:

J Fletcher

REGISTERED OFFICE:

Elenora Street

Stoke on Trent

Staffordshire

ST4 1QG

REGISTERED NUMBER:

02984467 (England and Wales)

AUDITORS:

Sumer Auditco Limited

Chartered Accountants & Statutory Auditors

Stone House

Stone Road Business Park

Stoke-on-Trent

ST4 6SR

BANKERS:

Barclays Bank Plc

Town Road

Hanley

Stoke On Trent

Staffordshire

ST1 2PJ

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

Review of the Business

Founded in 1946, Fletcher Moorland Ltd continues to evolve in response to the changing demands of modern engineering. During the period the Company strengthened its position as a specialist provider of industrial electro-mechanical repairs, electronics, reliability services and precision engineering. Despite continued economic uncertainty, inflationary pressures and rising employment costs, the Board remained committed to investing in people, engineering capability, research and development and advanced technology to ensure the long-term sustainability of the business.

Key Performance Indicators

KPI

FY 2024/25 Actual

FY 2025/26 Projected*

Net Profit

£1,636,319

£1,897,194 (+15.6%)

Employee Headcount

115

120

Leadership Training

New KPI

Capital Investment

£836,186

£175,000

*Projected outturn based on performance achieved during the first nine months of the financial year.

Financial Performance

The Board expects net profit to increase by approximately 15.6%, from £1,636,319 to £1,897,194. This anticipated improvement reflects continued demand for the Company's specialist engineering services together with the benefits arising from investments made during the previous financial year, specifically from the Precision Engineering Department.

Capital Investment

Capital investment is forecast to reduce from £836,186 to £175,000. This reduction does not represent a reduction in the Company's commitment to investment; rather, it reflects the completion of a significant phase of strategic capital expenditure during FY2024/25.

During FY2024/25 the Company made substantial investment in establishing its Precision Engineering department, representing one of the most significant strategic developments in recent years. Having created this capability, the focus during FY2025/26 has shifted towards targeted investment in equipment that enhances productivity, quality and operational resilience.

Investment during FY2025/26 includes a state-of-the-art cleaning area within the Electro Mechanical Department, a Harrison Alpha lathe, a guillotine within the Winding Department, a surface grinder, together with continued investment in air-conditioning across the business. Investment in climate control is being undertaken not only to improve employee wellbeing but also to protect increasingly sophisticated equipment and maintain consistent manufacturing quality as temperatures continue to rise. This programme of investment will continue into the 2026/27 financial year.

Strategic Achievements During the Year

• Continued development of the Precision Engineering Department.

• Strengthened strategic partnership with NIDEC.

• Investment in research and development within the transport and renewable energy sectors.

• Development of expertise in servicing BYD and YASA motors.

• Enhancement of testing facilities to better replicate customer operating conditions.

• Introduction of leadership training as a formal KPI.

• Responsible adoption of AI technologies, including ChatGPT and Claude, to improve productivity and knowledge sharing.

Principal Risks and Uncertainties

Risk

Mitigation

Economic conditions

Maintain cost control, operational efficiency and diversified markets.

Skills availability

Continue investment in recruitment, apprenticeships, leadership and engineering development.

Technology

Ongoing investment in automation, AI and advanced engineering.

Cyber security

Continued investment in IT infrastructure and cyber awareness.

Supply Chain

Strong supplier relationships and UK sourcing where appropriate.

Future Outlook

The Directors remain confident in the Company's long-term prospects. The strategic investments undertaken over recent years have strengthened Fletcher Moorland's technical capability and market position. Continued investment in people, innovation, digital technologies, research and development and modern manufacturing equipment will support sustainable growth throughout FY2026/27 and beyond.

ON BEHALF OF THE BOARD:

M K Fletcher - Director

24 August 2026

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

DIVIDENDS

Particulars of recommended dividends are detailed in the notes to the financial statements.

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 October 2024 to the date of this report.

J Fletcher

M K Fletcher

M P Fletcher

D Bouchier

DISCLOSURE IN THE STRATEGIC REPORT

The company has chosen in accordance with section 414C(11) of the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 to set out in the company's strategic report information required byschedule 7 of the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations2008, including the future developments of the company.

The strategic report can be found on pages 2-3 of these financial statements.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic report, the Report of the directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

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

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors are deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.

ON BEHALF OF THE BOARD:

M K Fletcher - Director

24 August 2026

Opinion

We have audited the financial statements of Fletcher Moorland Limited (the 'company') for the year ended 30 September 2025 which comprise the Statement of income and retained earnings, Statement of financial position 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 30 September 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 four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit

evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

•

the nature of the industry and sector, control environment and business performance including the design of the company remuneration policies, key drivers for directors' remuneration, bonus levels and performance targets;

•

results of our enquiries of management about their own identification and assessment of the risks of irregularities;

•

any matters we identified having obtained and reviewed the company documentation of their policies and 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;

-

the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;

•

the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

Based on this approach, we were able to assess the company risks and ensure the risks were considered throughout all areas of audit testing. The audit team was professionally sceptical throughout the audit and remained alert for inaccurate or misleading information.

Audit response to risks identified

As a result of performing the above, we did not identify any key audit matters related to the potential risk of fraud or irregularities. Our procedures to respond to risks identified included the following:

•

reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

•

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;

•

obtaining an understanding of provisions and held discussions with management to understand the basis of recognition or non-recognition of tax provisions; 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.

Audit testing was completed on a targeted sample basis based on our assessment of risk and materiality. Due to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing fraud or non-compliance with laws and regulations and cannot be expected to detect all fraud and non-compliance with laws and regulations.

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

-

Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

-	Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.

-	Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

-

Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Report of the auditors to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Report of the auditors. However, future events or conditions may cause the company to cease to continue as a going concern.

-	Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

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.

Helen Tidyman (Senior Statutory Auditor)

for and on behalf of Sumer Auditco Limited

Chartered Accountants & Statutory Auditors

Stone House

Stone Road Business Park

Stoke-on-Trent

ST4 6SR

28 August 2026

REVENUE

13,418,661

12,629,170

Cost of sales

(7,325,831

)

(6,612,447

)

GROSS PROFIT

6,092,830

6,016,723

Administrative expenses

(4,465,761

)

(3,828,546

)

1,627,069

2,188,177

Interest receivable and similar income

15,251

619

1,642,320

2,188,796

Interest payable and similar expenses

4

(6,001

)

-

PROFIT BEFORE TAXATION

5

1,636,319

2,188,796

Tax on profit

6

(226,762

)

(381,570

)

PROFIT FOR THE FINANCIAL YEAR

1,409,557

1,807,226

Retained earnings at beginning of year

4,015,918

2,888,030

Dividends

7

(731,773

)

(679,338

)

RETAINED EARNINGS AT END OF YEAR

4,693,702

4,015,918

FIXED ASSETS

Property, plant and equipment

8

2,095,203

1,512,675

CURRENT ASSETS

Inventories

9

1,728,053

1,375,341

Debtors

10

3,304,599

3,485,196

Cash at bank and in hand

1,333,705

1,365,574

6,366,357

6,226,111

CREDITORS

Amounts falling due within one year

11

(2,650,046

)

(2,753,882

)

NET CURRENT ASSETS

3,716,311

3,472,229

TOTAL ASSETS LESS CURRENT LIABILITIES

5,811,514

4,984,904

PROVISIONS FOR LIABILITIES

14

(517,812

)

(368,986

)

NET ASSETS

5,293,702

4,615,918

CAPITAL AND RESERVES

Called up share capital

15

600,000

600,000

Retained earnings

16

4,693,702

4,015,918

SHAREHOLDERS' FUNDS

5,293,702

4,615,918

The financial statements were approved by the Board of Directors and authorised for issue on 24 August 2026 and were signed on its behalf by:

M K Fletcher - Director

1.	GENERAL INFORMATION

Fletcher Moorland 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.

The principal activity of the company during the year was that of electronic and electro mechanical engineers.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity

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 requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c).

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.

Judgements and 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.

(i) Critical accounting estimates and assumptions

The company makes estimates and assumptions concerning the future. The resulting accounting

estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

(ii) Estimated useful lives and residual values of tangible and intangible fixed assets

Depreciation of tangible and intangible fixed assets has been based on estimated useful lives and

residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives used by other companies operating in the sector and actual asset lives and residual values, as evidenced by disposals during the current and prior accounting periods.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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

-

15% straight line and 10% straight line

Fixtures and fittings

-

25% on cost and 10% straight line

Motor vehicles

-

25% reducing balance

Computer equipment

-

straight line over 3 years

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Stocks

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

Work in progress

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more. or a right to pay less or to receive more tax, with the following exceptions:

Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Finance leases and hire purchase contracts

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Operating lease agreements

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

3.	EMPLOYEES AND DIRECTORS

30.9.25

30.9.24

£

£

Wages and salaries

5,152,162

4,431,003

Social security costs

576,070

492,410

Other pension costs

148,404

132,398

5,876,636

5,055,811

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

30.9.25

30.9.24

Employees

115

111

30.9.25

30.9.24

£

£

Directors' remuneration

437,252

442,735

Directors' pension contributions to money purchase schemes

18,032

15,742

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

Money purchase schemes

1

1

Information regarding the highest paid director is as follows:

30.9.25

30.9.24

£

£

Emoluments etc

437,252

442,735

Pension contributions to money purchase schemes

18,032

15,742

4.

INTEREST PAYABLE AND SIMILAR EXPENSES

30.9.25

30.9.24

£

£

Corporation tax interest paid

6,001

-

5.	PROFIT BEFORE TAXATION

The profit is stated after charging:

30.9.25

30.9.24

£

£

Other operating leases

36,457

44,241

Depreciation - owned assets

253,658

194,055

Auditors' remuneration

15,000

13,020

6.

TAXATION

Analysis of the tax charge

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

30.9.25

30.9.24

£

£

Current tax:

UK corporation tax

77,786

295,481

Under provision of prior year

150

-

Total current tax

77,936

295,481

Deferred tax

148,826

86,089

Tax on profit

226,762

381,570

Reconciliation of total tax charge included in profit and loss

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

30.9.25

30.9.24

£

£

Profit before tax

1,636,319

2,188,796

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

409,080

547,199

Effects of:

Expenses not deductible for tax purposes

12,022

10,902

Capital allowances in excess of depreciation

(145,772

)

(75,287

)

Utilisation of tax losses

(8,690

)

(9,581

)

Adjustments to tax charge in respect of previous periods

150

-

taxation

Deferred taxation

148,826

86,089

Research & development enhanced deduction

(188,854

)

(177,752

)

Total tax charge

226,762

381,570

7.

DIVIDENDS

30.9.25

30.9.24

£

£

Ordinary shares of £1 each

Final

731,773

679,338

8.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

Cost

At 1 October 2024

2,541,064

1,238,425

89,537

152,013

4,021,039

Additions

781,390

48,132

-

6,664

836,186

At 30 September 2025

3,322,454

1,286,557

89,537

158,677

4,857,225

Depreciation

At 1 October 2024

1,390,698

958,089

21,540

138,037

2,508,364

Charge for year

187,484

40,314

16,999

8,861

253,658

At 30 September 2025

1,578,182

998,403

38,539

146,898

2,762,022

Net book value

At 30 September 2025

1,744,272

288,154

50,998

11,779

2,095,203

At 30 September 2024

1,150,366

280,336

67,997

13,976

1,512,675

9.	INVENTORIES

30.9.25

30.9.24

£

£

Raw materials

1,036,088

883,547

Work in progress

691,965

491,794

1,728,053

1,375,341

10.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

2,532,946

2,421,493

Amounts owed by group undertakings

525,888

891,209

Other debtors

31,593

28,659

Prepayments

214,172

143,835

3,304,599

3,485,196

Amounts owed by group undertakings are unsecured, interest free and are repayable on demand.