REGISTERED NUMBER: 04914942 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

FOR

NIZA ENTERPRISES LTD

Page

Company Information

1

Strategic Report

2

Report of the Director

4

Report of the Independent Auditors

6

Income Statement

10

Other Comprehensive Income

11

Balance Sheet

12

Statement of Changes in Equity

14

Cash Flow Statement

15

Notes to the Cash Flow Statement

16

Notes to the Financial Statements

18

DIRECTOR:

V Ragunathan

SECRETARY:

Mrs S Ragunathan

REGISTERED OFFICE:

15 The Gallop

Sutton

United Kingdom

Surrey

SM2 5RU

REGISTERED NUMBER:

04914942 (England and Wales)

AUDITORS:

Param & Company Ltd

Chartered Certified Accountants,Statutory Auditors

1st Floor

44 - 50 The Broadway

Southall

Middlesex

UB1 1QB

The director presents his strategic report for the year ended 31 May 2025.

The Strategic Report contains forward-looking statements, which have been made in good faith by the Director based on information available up to the point of approval of this report. Therefore, there are inherent uncertainties involved in making these statements, including both economic and business risk factors.

REVIEW OF BUSINESS

The results for the year and the financial position of the Company are shown in the annexed financial statements.

Turnover of the business for the year ended 31 May 2025 amounted to £12,959,854

(2024 : £17,758,110).

The overall gross profit for the year was £3,639,568 (2024: £4,639,644 ).

Gross profit to turnover ratio (margin) was 28.08% (2024: 26.12%). The increase in gross profit margin by 1.96% was due to price management.

The net assets/(net liability) position at the year-end was £265,940 (2024 : £350,817).

Despite growing competition in the retail trade, the Company has maintained its share of the local market mainly due to the strong demand for Co-op brand products.

During the year, management have undertaken the following initiatives to improve business performance and more effectively utilize its asset base and capital:

- Establishing an effective operational management team by providing clear direction, reporting lines, responsibilities and accountabilities

- The working shift pattern of all the retail staff has been changed to be consistent across all sites and to increase efficiency.

- Clear targets for each business area were identified and communicated, and formal staff appraisal process was documented and put into place. This has resulted in significantly increased staff engagement, leading to local and business wide efficiency, margin and cost improvement initiatives.

Going concern

On 31 May 2025, the Director resolved to wind down the operations of the company within two years. The company currently owns six retail shops operating under the Co-operative brand and is in the process of disposing these shops. Upon completion of the disposal of all six shops, the company will cease trading.

As a result of this decision, the Director concluded that it is no longer appropriate to prepare the financial statements on the going concern basis. Accordingly, the financial statements have been prepared on a break-up basis of accounting.

Under the break-up basis, the company's assets have been stated at their estimated realisable values and provision has been made for liabilities and costs expected to arise as a result of the planned wind-down of the company's operations. The Director considers that the break-up basis provides a true and fair view of the company's financial position at the reporting date.

Post balance sheet events

After the financial year-end, the company disposed of three loss-making retail stores in order to streamline its operations and increase profitability. The Director has assessed this event and confirm that:

1. It does materially affect the company's financial position as presented in these statements.

2. It impairs the entity's ability to continue as a going concern.

The financial impact of this disposal will be reflected in the next year's financial statements.

Disposed Retail Stores

a) 82-88 High Street, Ewell sold for £65,698.63 on 20.06.2025

b) 358 Middleton Road sold for £150,000 on 30.06.2025

c) 376 Middleton Road sold for £508,975.34 on 30.06.2025

PRINCIPAL RISKS AND UNCERTAINTIES

The Director has given sufficient consideration to the emerging risks and to any changes in the internal or external environment that could impact the strategy and how the stores operate. The company's accounts, strategies and cashflow statement have been reviewed and confirmed that the company has adequate resources to trade for the next two years until it cease its operations.

ON BEHALF OF THE BOARD:

Director

28 August 2026

The director presents his report with the financial statements of the company for the year ended 31 May 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of general grocery and off licence.

DIVIDENDS

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

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.

DIRECTOR

V Ragunathan held office during the whole of the period from 1 June 2024 to the date of this report.

POLITICAL DONATIONS AND EXPENDITURE

No political donations.

DIRECTOR'S RESPONSIBILITIES STATEMENT

The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless he is 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 director is 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 director is 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 him to ensure that the financial statements comply with the Companies Act 2006. He is 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 director is 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 he 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, Param & Company Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

V Ragunathan - Director

28 August 2026

Opinion

We have audited the financial statements of Niza Enterprises Ltd (the 'company') for the year ended 31 May 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 May 2025 and of its loss 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

Emphasis of Matter - Basis of Preparation

Without modifying our opinion, we draw attention to the basis of preparation of the financial statements. As disclosed in the (notes 2) to the financial statements, the directors resolved on 31 May 2025 to wind down the operations of the company within two years. Accordingly, the financial statements have been prepared on a break-up basis rather than on the going concern basis of accounting.

In preparing the financial statements on the break-up basis, adjustments have been made to reduce the carrying value of the company's assets to their estimated realisable values and to recognise liabilities arising from the decision to wind down the company's operations. We have considered the appropriateness of this basis of preparation, the adjustments made, and the adequacy of the related disclosures in the financial statements, and our opinion is not modified in respect of this matter.

Other information

The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, 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 Director 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 Director 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 Director.

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 director's remuneration specified by law are not made; or

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

Responsibilities of director

As explained more fully in the Director's Responsibilities Statement set out on page four, the director is 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 director determines 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 director is 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 director either intends to liquidate the company or to cease operations, or has 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:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

* the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognize non-compliance with applicable laws and regulations;

* we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of supermarket.

* we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation;

* we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

* identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

* making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

* considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

* performed analytical procedures to identify any unusual or unexpected relationships;

*tested journal entries to identify unusual transactions;

*assessed whether judgements and assumptions made in determining the accounting estimates set out in note 2 were indicative of potential bias; and

*investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

*agreeing financial statement disclosures to underlying supporting documentation;

*reading the minutes of meetings of those charged with governance;

*enquiring of management as to actual and potential litigation and claims; and

*reviewing correspondence with HMRC, relevant regulators including the Health and Safety Executive, and the company's legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

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.

S Paramaguru (Senior Statutory Auditor)

for and on behalf of Param & Company Ltd

Chartered Certified Accountants,Statutory Auditors

1st Floor

44 - 50 The Broadway

Southall

Middlesex

UB1 1QB

28 August 2026

TURNOVER

12,959,854

17,758,110

Cost of sales

9,320,286

13,118,466

GROSS PROFIT

3,639,568

4,639,644

Administrative expenses

3,932,131

5,308,250

(292,563

)

(668,606

)

Other operating income

325,344

307,400

OPERATING PROFIT/(LOSS)

4

32,781

(361,206

)

Interest payable and similar expenses

5

94,590

104,838

LOSS BEFORE TAXATION

(61,809

)

(466,044

)

Tax on loss

6

23,068

52,415

LOSS FOR THE FINANCIAL YEAR

(84,877

)

(518,459

)

LOSS FOR THE YEAR

(84,877

)

(518,459

)

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(84,877

)

(518,459

)

FIXED ASSETS

Intangible assets

8

1,034,622

1,857,787

Tangible assets

9

1,854,277

2,467,793

2,888,899

4,325,580

CURRENT ASSETS

Stocks

10

447,636

1,072,100

Debtors

11

3,859,367

2,476,754

Cash at bank and in hand

500,223

392,554

4,807,226

3,941,408

CREDITORS

Amounts falling due within one year

12

6,425,808

6,613,025

NET CURRENT LIABILITIES

(1,618,582

)

(2,671,617

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,270,317

1,653,963

CREDITORS

Amounts falling due after more than one year

13

(879,841

)

(1,128,158

)

PROVISIONS FOR LIABILITIES

17

(124,536

)

(174,988

)

NET ASSETS

265,940

350,817

CAPITAL AND RESERVES

Called up share capital

18

2

2

Fair value reserve

19

275,000

275,000

Retained earnings

19

(9,062

)

75,815

SHAREHOLDERS' FUNDS

265,940

350,817

The financial statements were approved by the director and authorised for issue on 28 August 2026 and were signed by:

V Ragunathan - Director

Called up

Fair

share

Retained

value

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 July 2023

2

716,413

275,000

991,415

Changes in equity

Dividends

-

(122,139

)

-

(122,139

)

Total comprehensive income

-

(518,459

)

-

(518,459

)

Balance at 31 May 2024

2

75,815

275,000

350,817

Changes in equity

Total comprehensive income

-

(84,877

)

-

(84,877

)

Balance at 31 May 2025

2

(9,062

)

275,000

265,940

Cash flows from operating activities

Cash generated from operations

1

(936,856

)

555,371

Interest paid

(74,374

)

(79,908

)

Interest element of finance lease payments paid

(20,216

)

(24,930

)

Tax paid

-

18,112

Net cash from operating activities

(1,031,446

)

468,645

Cash flows from investing activities

Purchase of tangible fixed assets

(13,248

)

(59,948

)

Sale of intangible fixed assets

539,327

-

Sale of tangible fixed assets

405,672

-

Net cash from investing activities

931,751

(59,948

)

Cash flows from financing activities

Loan repayments in year

(135,686

)

(118,070

)

Capital repayments in year

(223,300

)

(309,447

)

Amounts Owed by/to Group and Associates

566,350

85,041

Equity dividends paid

-

(122,139

)

Net cash from financing activities

207,364

(464,615

)

Increase/(decrease) in cash and cash equivalents

107,669

(55,918

)

Cash and cash equivalents at beginning of year

2

392,554

448,472

Cash and cash equivalents at end of year

2

500,223

392,554

1.	RECONCILIATION OF LOSS BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

Period

1.7.23

Year Ended

to

31.5.25

31.5.24

£

£

Loss before taxation

(61,809

)

(466,044

)

Depreciation charges

402,376

477,902

Loss on disposal of fixed assets

102,554

-

Finance costs

94,590

104,838

537,711

116,696

Decrease in stocks

624,464

359,862

(Increase)/decrease in trade and other debtors

(1,384,684

)

298,903

Decrease in trade and other creditors

(714,347

)

(220,090

)

Cash generated from operations

(936,856

)

555,371

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 May 2025

31.5.25

1.6.24

£

£

Cash and cash equivalents

500,223

392,554

Period ended 31 May 2024

31.5.24

1.7.23

£

£

Cash and cash equivalents

392,554

448,472

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1.6.24

Cash flow

At 31.5.25

£

£

£

Net cash

Cash at bank and in hand

392,554

107,669

500,223

392,554

107,669

500,223

Debt

Finance leases

(402,168

)

223,300

(178,868

)

Debts falling due within 1 year

(119,275

)

-

(119,275

)

Debts falling due after 1 year

(954,177

)

135,686

(818,491

)

(1,475,620

)

358,986

(1,116,634

)

Total

(1,083,066

)

466,655

(616,411

)

1.	STATUTORY INFORMATION

Niza Enterprises Ltd 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 presentation currency of the financial statements is the Pound Sterling (£).

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 break-up basis of accounting

Going concern

On 31 May 2025, the Director resolved to wind down the operations of the company within two years. The company currently owns six retail shops operating under the Co-operative brand and is in the process of disposing these shops. Upon completion of the disposal of all six shops, the company will cease trading.

As a result of this decision, the Director concluded that it is no longer appropriate to prepare the financial statements on the going concern basis. Accordingly, the financial statements have been prepared on a break-up basis of accounting.

Under the break-up basis, the company's assets have been stated at their estimated realisable values and provision has been made for liabilities and costs expected to arise as a result of the planned wind-down of the company's operations. The directors consider that the break-up basis provides a true and fair view of the company's financial position at the reporting date.

Critical accounting judgements and key sources of estimation uncertainty

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

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

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

1. Estimate the useful lives of tangible and intangible assets for depreciation and amortisation purposes.

2. Determine whether the leases entered into by the company are operating or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease-by-lease basis.

3. Determine whether there are indicators of impairment of the company's tangible and intangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset.

Turnover

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

Sales of goods

Revenue is recognised when the significant risks and rewards of ownership of the goods have transfered to the buyer, it is probable that economic benefits will flow to the company, the associated costs can be measured reliably, there is no continuing managerial involvement with the goods, and the amount of revenue can be measured reliably. Due to the nature of the products sold, the company does not experience material levels of return.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives. The remaining of useful life of the goodwill is:

a) 5 years and 8 months

Tangible fixed assets

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

Short leasehold

-

Equal inst over the period of lease

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

Period

1.7.23

Year Ended

to

31.5.25

31.5.24

£

£

Wages and salaries

1,901,253

2,587,650

Social security costs

153,512

196,215

Other pension costs

7,436

25,304

2,062,201

2,809,169

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

Period

1.7.23

Year Ended

to

31.5.25

31.5.24

Director

1

1

Employees

99

129

100

130

Period

1.7.23

Year Ended

to

31.5.25

31.5.24

£

£

Director's remuneration

9,000

12,000

4.	OPERATING PROFIT/(LOSS)

The operating profit (2024 - operating loss) is stated after charging:

Period

1.7.23

Year Ended

to

31.5.25

31.5.24

£

£

Hire of plant and machinery

45,668

52,726

Depreciation - owned assets

221,092

242,501

Loss on disposal of fixed assets

102,554

-

Goodwill amortisation

181,284

235,400

Auditors' remuneration

25,000

25,000

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

Period

1.7.23

Year Ended

to

31.5.25

31.5.24

£

£

Bank loan interest

74,374

79,908

Hire purchase

20,216

24,930

94,590

104,838

6.

TAXATION

Analysis of the tax charge

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

Period

1.7.23

Year Ended

to

31.5.25

31.5.24

£

£

Current tax:

Taxation (Under or over)

73,520

-

Deferred tax

(50,452

)

52,415

Tax on loss

23,068

52,415