REGISTERED NUMBER: 06210837 (England and Wales)

GENAIR UK LTD

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2026

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Income Statement

10

Other Comprehensive Income

11

Balance Sheet

12

Statement of Changes in Equity

13

Cash Flow Statement

14

Notes to the Cash Flow Statement

15

Notes to the Financial Statements

16

DIRECTORS:

P J Starling

A J Wright

B A Robinson

REGISTERED OFFICE:

Marston House

5, Elmdon Lane

Marston Green

Solihull

West Midlands

B37 7DL

BUSINESS ADDRESS:

Unit 2-3 Prothero Works

Bilport Lane

Wednesbury

WS10 0NT

REGISTERED NUMBER:

06210837 (England and Wales)

AUDITORS:

Cooper Parry Group Limited

1st Floor, Abbey Square,

Davidson House, The Forbury

Reading

RG1 3EU

The directors present their strategic report for the year ended 30 April 2026.

REVIEW OF BUSINESS

GenAir UK Limited (GenAir or the Company) is the UK's leading compressed air rental provider. GenAir provides hire of Air Compressors, Desiccant Dryers, Air Receivers & Ancillaries to customers across the UK, serving construction, infrastructure, manufacturing, and the utilities sectors.

In the year, GenAir has increased its fleet holding by c. 25%, primarily across air compressors, by investing £7.4m in CapEx. This has enabled significant growth in the year & allows for further growth in future years.

Key highlights:

- Revenue: For the year ended 30 April 2026, revenue grew by over 20% to £17.9m (2025: £14.9m)

- Gross Profit: Gross Profit grew by 31% to £8.1m (2025: £6.2m) & Gross Profit Margin improved to 45.2% (2025: 41.7%).

- Profit Before Tax: Profit Before Tax grew to £5.2m (2025: £4.6m)

PRINCIPAL RISKS AND UNCERTAINTIES

GenAir's core business activity is the hire of air compressors to customers. GenAir's strategy is to provide high quality assets for rental, facilitated by excellent customer service. The following key principal risks and uncertainties have been identified:

Customer service

Providing excellent customer service is at the core of what GenAir does & has done since its inception. Providing a timely, accurate & personable service has been key to the company's success & high levels of customer retention.

Fleet reliability

Good quality compressors & ancillaries are integral to the businesses continued performance & growth. Frequent fleet inspections & closely monitored targets around repairs & maintenance are in place for GenAir to ensure fleet is in good condition.

Environmental regulation

There is a growing demand & increasingly high regulatory requirements around ensuring equipment has low emissions. Compliance to these standards & phasing out older equipment in a timely manner will be important for GenAir. GenAir has been a market leader in the transition to Stage 5.

Health & Safety

Operating in a high-risk environment puts a great onus on health & safety standards. Related KPIs are Board reported on a monthly basis & there are strict processes in place to report any workplace accidents. GenAir is pursuing its ISO45001 certification which will further reinforce its existing health & safety standards.

Liquidity Risk

Ensuring close working capital management in order to generate strong operating cashflows is key for GenAir to invest in future fleet to continue growing & serving its customers. As part of its control procedures, the company monitors its daily cash movements & monthly cashflow forecasting to ensure that there is an appropriate amount of cash cover in place at all times. In addition to this, there is a £2m revolving cash facility available to the Group. At the date of signing the accounts, £1m of this facility had been drawn with £1m further available.

OUTLOOK

Given the strong Revenue & Margin growth in the year, GenAir looks to the future with great optimism whilst being aware of the uncertainties created by the current economic environment. The company's diverse customer base, strong focus on operations excellence and commitment to investing in modern sustainable fleet provide a solid platform for continued growth.

ON BEHALF OF THE BOARD:

B A Robinson - Director

26 August 2026

The directors present their report with the financial statements of the company for the year ended 30 April 2026.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of hire of compressors and other equipment.

DIVIDENDS

No dividends will be distributed for the year ended 30 April 2026.

FUTURE DEVELOPMENTS

The directors anticipate the business environment will remain competitive. They believe that the company is in a good financial position and that the risks that have been identified are being well managed. The directors are confident in the company's ability to maintain and build on this position, to increase its turnover, profitability and grow its market share.

DIRECTORS

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

P J Starling

A J Wright

Other changes in directors holding office are as follows:

B A Robinson - appointed 14 November 2025

POLITICAL DONATIONS AND EXPENDITURE

No political donations have been made in the year.

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, Cooper Parry Group Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

B A Robinson - Director

26 August 2026

Opinion

We have audited the financial statements of Genair UK Ltd (the 'company') for the year ended 30 April 2026 which comprise the Income Statement, Other Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity, the Cash Flow Statement and the related notes, 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 April 2026 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:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We discussed with the Directors the policies and procedures in place regarding compliance with laws and regulations. We discussed amongst the audit team the identified laws and regulations, and remained alert to any indications of non-compliance.

During the audit we focused on laws and regulations which could reasonably be expected to give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation.

Our procedures in relation to fraud included but were not limited to: inquires of management whether they have any knowledge of any actual, suspected or alleged fraud, and discussions amongst the audit team regarding risk of fraud such as opportunities for fraudulent manipulation of financial statements. We determined that the principal risks related to posting manual journal entries to manipulate financial performance and management bias through judgements in accounting estimates. We also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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.

Roslyn McFarlane (Senior Statutory Auditor)

for and on behalf of Cooper Parry Group Limited

1st Floor, Abbey Square,

Davidson House, The Forbury

Reading

RG1 3EU

26 August 2026

TURNOVER

3

17,930,193

14,886,358

Cost of sales

9,817,114

8,678,061

GROSS PROFIT

8,113,079

6,208,297

Administrative expenses

2,929,640

1,466,081

OPERATING PROFIT

5

5,183,439

4,742,216

Interest receivable and similar income

26,354

758

5,209,793

4,742,974

Interest payable and similar expenses

6

80

78,100

PROFIT BEFORE TAXATION

5,209,713

4,664,874

Tax on profit

7

1,243,822

1,167,057

PROFIT FOR THE FINANCIAL YEAR

3,965,891

3,497,817

PROFIT FOR THE YEAR

3,965,891

3,497,817

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

3,965,891

3,497,817

FIXED ASSETS

Tangible assets

10

7,861,145

1,453,490

Investments

11

100

100

7,861,245

1,453,590

CURRENT ASSETS

Stocks

12

222,667

-

Debtors: amounts falling due within one year

13

4,842,384

4,648,596

Debtors: amounts falling due after more than one year

13

2,735,819

-

Cash at bank and in hand

1,737,275

2,435,055

9,538,145

7,083,651

CREDITORS

Amounts falling due within one year

14

1,847,396

3,156,602

NET CURRENT ASSETS

7,690,749

3,927,049

TOTAL ASSETS LESS CURRENT LIABILITIES

15,551,994

5,380,639

CREDITORS

Amounts falling due after more than one year

15

(6,027,166

)

-

PROVISIONS FOR LIABILITIES

18

(406,182

)

(227,884

)

NET ASSETS

9,118,646

5,152,755

CAPITAL AND RESERVES

Called up share capital

19

2

2

Retained earnings

9,118,644

5,152,753

SHAREHOLDERS' FUNDS

9,118,646

5,152,755

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

B A Robinson - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 May 2024

2

3,334,354

3,334,356

Changes in equity

Dividends

-

(1,679,418

)

(1,679,418

)

Total comprehensive income

-

3,497,817

3,497,817

Balance at 30 April 2025

2

5,152,753

5,152,755

Changes in equity

Total comprehensive income

-

3,965,891

3,965,891

Balance at 30 April 2026

2

9,118,644

9,118,646

Cash flows from operating activities

Cash generated from operations

1

8,227,585

5,539,016

Interest paid

(80

)

-

Interest element of hire purchase or finance lease rental payments paid

-

(78,100

)

Tax paid

(1,728,679

)

(1,030,410

)

Net cash from operating activities

6,498,826

4,430,506

Cash flows from investing activities

Purchase of tangible fixed assets

(7,356,822

)

(433,708

)

Purchase of fixed asset investments

-

(100

)

Sale of tangible fixed assets

133,862

30,462

Interest received

26,354

758

Net cash from investing activities

(7,196,606

)

(402,588

)

Cash flows from financing activities

Capital repayments in year

-

(2,858,002

)

Refinanced assets

-

1,556,122

Equity dividends paid

-

(1,679,418

)

Net cash from financing activities

-

(2,981,298

)

(Decrease)/increase in cash and cash equivalents

(697,780

)

1,046,620

Cash and cash equivalents at beginning of year

2

2,435,055

1,388,435

Cash and cash equivalents at end of year

2

1,737,275

2,435,055

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

2026

2025

£

£

Profit before taxation

5,209,713

4,664,874

Depreciation charges

668,253

280,379

Loss/(profit) on disposal of fixed assets

147,052

(16,034

)

Finance costs

80

78,100

Finance income

(26,354

)

(758

)

5,998,744

5,006,561

Increase in stocks

(222,667

)

-

Increase in trade and other debtors

(2,777,675

)

(1,407,610

)

Increase in trade and other creditors

5,229,183

1,940,065

Cash generated from operations

8,227,585

5,539,016

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 30 April 2026

30/4/26

1/5/25

£

£

Cash and cash equivalents

1,737,275

2,435,055

Year ended 30 April 2025

30/4/25

1/5/24

£

£

Cash and cash equivalents

2,435,055

1,388,435

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1/5/25

Cash flow

At 30/4/26

£

£

£

Net cash

Cash at bank and in hand

2,435,055

(697,780

)

1,737,275

2,435,055

(697,780

)

1,737,275

Total

2,435,055

(697,780

)

1,737,275

1.	STATUTORY INFORMATION

Genair UK 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 (£).

The figures in the financial statements are rounded to the nearest pound.

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.

Preparation of consolidated financial statements

The financial statements contain information about Genair UK Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

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

The following key judgement and estimatehas been made in the process of applying the company's accounting policies that has had the most significant effect on amounts recognised in the financial statements:

Depreciation policy - Management have changed the depreciation policy to reflect the net realisable value of assets more accurately over their economic life.

Turnover

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

The company recognises revenue for hire services, adjusted for rebates, on a straight line basis as the equipment is available evenly over the period of hire. Revenue is recognised for transport services provided at the point at which delivery or collection is completed. Revenue for repairs to equipment damaged whilst on hire is recognised from the point the damage is identified.

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 - Straight line over 10 years to 30% residual value and straight line over 15 years to 10% residual value

Fixtures and fittings - 20% on cost

Motor vehicles - 20% on cost

Computer equipment - 33% on cost

At each balance sheet date, the group reviews the carrying amounts of its property, plant and equipment to determine whether there is any indication that any items of property, plant and equipment have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

At the start of the year, the company changed the accounting estimates for the following depreciation classes:

Plant and machinery - 20% on reducing balance to straight line over 10 years to 30% residual value and straight line over 15 years to 10% value.

Fixtures and fittings - 15% on reducing balance to 20% on cost.

Motor Vehicles - 25% on reducing balance to 20% on cost.

This was to reflect a more accurate position, in the directors opinion, of the net book value of the assets.

Investments in subsidiaries

In the separate accounts of the company, investments in subsidiaries are measured at cost less accumulated impairment.

Stocks

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

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, cash and bank balances and loans to or from related parties. All such instruments are measured initially and subsequently at the transaction price.

At the end of each reporting period debt financial assets are assessed for impairment, and their carrying value reduced if necessary. Any impairment is recognised in the profit and loss account.

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.

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.

Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown in borrowing in current liabilities.

3.

TURNOVER

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

An analysis of turnover by geographical market is given below:

2026

2025

£

£

United Kingdom

17,797,622

14,886,358

Europe

132,571

-

17,930,193

14,886,358

4.	EMPLOYEES AND DIRECTORS

2026

2025

£

£

Wages and salaries

2,362,659

1,499,588

Social security costs

307,808

169,504

Other pension costs

31,705

26,542

2,702,172

1,695,634

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

2026

2025

Engineer

16

12

Driver

9

9

Admin

9

8

Senior Management

5

3

39

32

2026

2025

£

£

Directors' remuneration

445,676

206,788

Directors' pension contributions to money purchase schemes

1,321

1,321

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:

2026

2025

£

£

Emoluments etc

205,151

188,729

Pension contributions to money purchase schemes

1,321

1,321

5.	OPERATING PROFIT

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

2026

2025

£

£

Other operating leases

133,634

119,496

Depreciation - owned assets

668,253

280,379

Loss/(profit) on disposal of fixed assets

147,052

(16,034

)

Auditors' remuneration

34,500

30,000