REGISTERED NUMBER: SC094717 (Scotland)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 30 November 2025

for

McDonald Scaffolding (Services) Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Statement of Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Notes to the Financial Statements

12

DIRECTORS:

M M McDonald

R M Sutherland

SECRETARY:

LC Secretaries Limited

REGISTERED OFFICE:

Rosskeen Old Manse

Invergordon

Ross-shire

IV18 0PR

REGISTERED NUMBER:

SC094717 (Scotland)

SENIOR STATUTORY AUDITOR:

Greg Stapley

AUDITORS:

Sumer Auditco Limited

Statutory Auditors

Saltire Centre

Pentland House

Glenrothes

KY6 2AH

SOLICITORS:

Ledingham Chalmers

Kintail House

Beechwood Business Park

Inverness

IV2 3BW

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

REVIEW OF BUSINESS

The principal activities of the company in the year under review were:

providing scaffolding and access solutions to the oil and gas industry, civil construction and shipping and boating sector; specialist transport and road haulage services;

shrinkwrap and containment services;

painting and decorating services through the Ian Dingwall painting division.

The trading results for the period, the financial position of the company and the transfer to reserves are shown in the financial statements.

PRINCIPAL RISKS AND UNCERTAINTIES

The key business risks and uncertainties affecting the company are considered to be:

Competitive risk

Competition is a risk for the company as the environment the company operates in is highly competitive with local and national companies competing for similar business. The directors are comfortable that the company has the resource, diversification of trade and dedication to customer service to mitigate this risk.

Pricing risk

The risk and impact of inflation is affecting pricing. The company will strive to negotiate and source at the best prices possible to protect supply of services, protect margins and mitigate the risk of substantial price increases to its customers.

Credit risk

Credit risk is the risk that one party will cause financial loss to another party by failing to pay a debt as it falls due. The company only trades with customers who it deems are credit worthy. This is monitored on an ongoing basis.

Labour risk

People do business with people. Our staff ensure this business is delivered successfully. A shortage of staff is therefore a key risk to the business. The company will mitigate this risk by investing and retaining its staff.

Health and Safety risk

The health, safety and well-being of our staff and customers is a priority. We have a dedicated health and safety officer who monitors our working environment to ensure we are always working safely and follow government guidance. In some cases, where we perceive there to be a risk, we are implementing practices that are above and beyond what is recommended. Depending on the severity of any cases, there would be business disruption, however, we have a plan of action to follow which should minimise disruption whilst keeping everyone safe.

OVERVIEW OF PERFORMANCE IN YEAR

The company is pleased to report an increase in turnover. They are confident that increased trading activity will continue and will result in further development in trading performance going forward. Turnover has increased from £7.89m to £8.24m. The company's profit for the year after tax was £436,503 compared to £188,612 in the previous year.

FINANCIAL KEY PERFORMANCE INDICATORS

The company is a financially focused business, which monitors performance using a range of measures.

KPI

Aim

2025

2024

Gross Profit

Maintain and strengthen margin

16.3%

16.4%

Net Profit/(Loss)before tax

Deliver sustainable profitability

£586k

£333k

Capital Expenditure

Reinvest retained profits

£403k

£716k

The directors also review monthly aged debtor reports and monitor cash availability against forecast expenditure levels.

FUTURE DEVELOPMENTS

The company will continue to support and develop it's current client base and build on their existing relationships, along with seeking to expand it's services to potential new customers.

ON BEHALF OF THE BOARD:

R M Sutherland - Director

28 August 2026

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

DIVIDENDS

No dividends will be distributed for the year ended 30 November 2025.

DIRECTORS

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

M M McDonald

R M Sutherland

POLITICAL DONATIONS AND EXPENDITURE

The company made miscellaneous charitable donations totalling £3,746 (2024: £9,500), no individual charity received more than £2,000.

GOING CONCERN

These financial statements have been prepared on a going concern basis. The directors are required to state whether it is appropriate to adopt the going concern basis of accounting in preparing the financial statements, and to identify any material uncertainties as to the Company's ability to continue as a going concern over a period of at least 12 months from the date of approval of the financial statements. The period of management's going concern assessment is the period to 30 November 2027.

The results for the current year show an improvement with increased turnover and now once again profitable. Turnover has increased by 4% from £7.89m to £8.24m and the profit after tax was £436k and £188k in the previous year.

The company's historical trading results have created substantial reserves and the cash and net asset position remain strong. The company held bank balances of £773k and net assets of £5m at 30 November 2025.

The Company has reviewed forecasts and projections for the going concern assessment period to November 2027. Based on the anticipated demand for services, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the period to 30 November 2026. The Company therefore continues to adopt the going concern basis in preparing its financial statements.

DISCLOSURE IN THE STRATEGIC REPORT

The company has chosen in accordance with s.414C(11) of the Companies Act 2006 to set out in the company's strategic report information required by Schedule 7 of the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 to be contained in the directors' report. It has done so in respect of review of the business, future developments and Key Performance Indicators.

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.

ON BEHALF OF THE BOARD:

R M Sutherland - Director

28 August 2026

Opinion

We have audited the financial statements of McDonald Scaffolding (Services) Limited (the 'company') for the year ended 30 November 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 30 November 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 pages four and five, 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 and understanding of the legal and regulatory framework applicable to the Company and the industry in which it operated and considered the risk of acts by the company which were contrary to applicable laws and regulations, including fraud. These included but were not limited to the Companies Act 2006.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentation or through collusion.

We focussed on laws and regulations that could give rise to a material misstatement in the company's financial statement. Our tests included, but were not limited to:

- Agreement of the financial statement disclosures to underlying supporting documentation;

- Enquiries of the directors;

- Review of legal correspondence or invoices;

- Obtaining an understanding of the control environment in monitoring compliance with laws and regulations.

There are inherent limitations in and audit of financial statements and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the director that represented a risk of material misstatement due to fraud.

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.

Greg Stapley (Senior Statutory Auditor)

for and on behalf of Sumer Auditco Limited

Statutory Auditors

Saltire Centre

Pentland House

Glenrothes

KY6 2AH

28 August 2026

TURNOVER

3

8,241,192

7,892,956

Cost of sales

6,896,097

6,702,671

GROSS PROFIT

1,345,095

1,190,285

Administrative expenses

802,964

892,982

542,131

297,303

Other operating income

46,460

30,938

OPERATING PROFIT

5

588,591

328,241

Interest receivable and similar income

8,843

24,321

597,434

352,562

Interest payable and similar expenses

6

10,918

19,367

PROFIT BEFORE TAXATION

586,516

333,195

Tax on profit

7

150,013

144,583

PROFIT FOR THE FINANCIAL YEAR

436,503

188,612

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

436,503

188,612

FIXED ASSETS

Tangible assets

8

2,530,313

2,653,251

CURRENT ASSETS

Stocks

9

17,341

18,600

Debtors

10

2,943,976

2,360,010

Cash at bank and in hand

773,279

708,923

3,734,596

3,087,533

CREDITORS

Amounts falling due within one year

11

672,739

695,133

NET CURRENT ASSETS

3,061,857

2,392,400

TOTAL ASSETS LESS CURRENT LIABILITIES

5,592,170

5,045,651

CREDITORS

Amounts falling due after more than one year

12

(50,992

)

(61,723

)

PROVISIONS FOR LIABILITIES

15

(564,317

)

(443,570

)

NET ASSETS

4,976,861

4,540,358

CAPITAL AND RESERVES

Called up share capital

16

58,336

58,336

Retained earnings

17

4,918,525

4,482,022

SHAREHOLDERS' FUNDS

4,976,861

4,540,358

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

R M Sutherland - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 December 2023

58,336

4,293,410

4,351,746

Changes in equity

Total comprehensive income

-

188,612

188,612

Balance at 30 November 2024

58,336

4,482,022

4,540,358

Changes in equity

Total comprehensive income

-

436,503

436,503

Balance at 30 November 2025

58,336

4,918,525

4,976,861

1.	STATUTORY INFORMATION

McDonald Scaffolding (Services) Limited is a private company, limited by shares , registered in Scotland. 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 historical cost convention.

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 requirement of paragraph 3.17(d);

•

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);

•

the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;

•

the requirement of paragraph 33.7.

This information is included in the consolidated financial statements of Rosskeen Holdings Limited as at 30 November 2025 and these financial statements may be obtained from Companies House.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions that affect the amounts reported for assets, liabilities, income and expenditure.

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 assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised and in future periods should it affect future periods.

The estimates and assumptions which carry a higher degree of risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows:

Useful economic lives of tangible fixed assets

The annual depreciation charge for tangible fixed assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. They are amended when necessary to reflect current estimates, future investment, economic utilisation and the physical condition of the assets. See note 8 for details of the values of tangible fixed assets.

Turnover

Turnover represents sales of goods, excluding value added tax, and includes the erection and hire of scaffolding, painting and decorating services and haulage. Turnover is recognised when the risks and rewards associated with ownership have transferred to the purchaser.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

5% on reducing balance

Plant and machinery

-

varying rates on cost & reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% 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.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

The company assesses the financial assets for evidence of impairment at each balance sheet date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

Classification of fìfinancial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and loans from group companies are classified as debt and are initially recognised at transaction price. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Going concern

These financial statements have been prepared on a going concern basis. The directors are required to state whether it is appropriate to adopt the going concern basis of accounting in preparing the financial statements, and to identify any material uncertainties as to the Company's ability to continue as a going concern over a period of at least 12 months from the date of approval of the financial statements. The period of management's going concern assessment is the period to 30 November 2027.

The results for the current year show an improvement with increased turnover and now once again profitable. Turnover has increased by 4% from £7.89m to £8.24m and the profit after tax was £436k and £188k in the previous year.

The company's historical trading results have created substantial reserves and the cash and net asset position remain strong. The company held bank balances of £773k and net assets of £5m at 30 November 2025.

The Company has reviewed forecasts and projections for the going concern assessment period to November 2027. Based on the anticipated demand for services, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the period to 30 November 2026. The Company therefore continues to adopt the going concern basis in preparing its financial statements.

3.

TURNOVER

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

An analysis of turnover by class of business is given below:

30/11/25

30/11/24

£

£

Erection & hire of scaffolding

5,909,670

5,595,560

Painting & decorating services

431,090

314,554

Haulage

1,900,432

1,982,842

8,241,192

7,892,956

An analysis of turnover by geographical market is given below:

30/11/25

30/11/24

£

£

United Kingdom

8,241,192

7,892,956

8,241,192

7,892,956

4.	EMPLOYEES AND DIRECTORS

30/11/25

30/11/24

£

£

Wages and salaries

3,533,887

3,470,138

Social security costs

412,819

363,452

Other pension costs

84,613

78,207

4,031,319

3,911,797

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

30/11/25

30/11/24

Production

62

58

Management and administration

8

9

70

67

30/11/25

30/11/24

£

£

Directors' remuneration

-

9,200

Directors' pension contributions to money purchase schemes

-

400

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

Money purchase schemes

-

1

5.	OPERATING PROFIT

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

30/11/25

30/11/24

£

£

Depreciation - owned assets

376,069

374,980

Depreciation - assets on hire purchase contracts

106,704

98,879

Profit on disposal of fixed assets

(311

)

(2,193

)

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

30/11/25

30/11/24

£

£

Interest on group loans

-

9,835

Hire purchase

10,918

9,532

10,918

19,367

7.

TAXATION

Analysis of the tax charge

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

30/11/25

30/11/24

£

£

Current tax:

UK corporation tax

29,266

-

Deferred tax

120,747

144,583

Tax on profit

150,013

144,583

Reconciliation of total tax charge included in profit and loss

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

30/11/25

30/11/24

£

£

Profit before tax

586,516

333,195

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 19%)

146,629

63,307

Effects of:

Expenses not deductible for tax purposes

318

773

Adjustments to tax charge in respect of previous periods

-

150

Depreciation on property

3,066

2,453

Group relief

-

43,236

Deferred tax rate change

-

34,664

Total tax charge

150,013

144,583

8.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 December 2024

375,753

5,352,076

96,721

2,199,922

8,024,472

Additions

3,660

83,458

9,607

306,640

403,365

Disposals

-

(12,349

)

(6,085

)

(185,690

)

(204,124

)

At 30 November 2025

379,413

5,423,185

100,243

2,320,872

8,223,713

DEPRECIATION

At 1 December 2024

130,430

4,168,844

73,991

997,956

5,371,221

Charge for year

12,266

124,053

6,443

340,011

482,773

Eliminated on disposal

-

(12,247

)

(5,737

)

(142,610

)

(160,594

)

At 30 November 2025

142,696

4,280,650

74,697

1,195,357

5,693,400

NET BOOK VALUE

At 30 November 2025

236,717

1,142,535

25,546

1,125,515

2,530,313

At 30 November 2024

245,323

1,183,232

22,730

1,201,966

2,653,251

The net book value of tangible fixed assets includes £ 331,579 (2024 - £ 300,660 ) in respect of assets held under hire purchase contracts.

9.

STOCKS

30/11/25

30/11/24

£

£

Raw materials and consumables

17,341

18,600

10.

DEBTORS

30/11/25

30/11/24

£

£

Amounts falling due within one year:

Trade debtors

1,717,000

1,951,150

Amounts owed by group undertakings

1,020,489

195,747

Other debtors

5,000

5,900

Prepayments and accrued income

201,487

202,213

2,943,976

2,355,010

Amounts falling due after more than one year:

Other debtors

-

5,000

Aggregate amounts

2,943,976

2,360,010