REGISTERED NUMBER: 08674111 (England and Wales)

Strategic Report, Report of the Director and

Financial Statements for the Year Ended 31 August 2025

for

M B Brent Park Ltd

Page

Company Information

1

Strategic Report

2

Report of the Director

6

Report of the Independent Auditors

7

Income Statement

11

Other Comprehensive Income

12

Balance Sheet

13

Statement of Changes in Equity

14

Cash Flow Statement

15

Notes to the Cash Flow Statement

16

Notes to the Financial Statements

17

DIRECTOR:

Mr Hussein Ashmere

REGISTERED OFFICE:

Unit 1 Central Business Centre

Great Central Way, Neasden

London

NW10 0UR

REGISTERED NUMBER:

08674111 (England and Wales)

AUDITORS:

TC Group

Statutory Auditor

First Floor

Spitalfields House

Stirling Way

Borehamwood

Hertfordshire

WD6 2FX

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

The company mainly operates as a motor vehicle dealer, enhanced by the provision of finance and accessory sales. During the year, the business also provided workshop services. The company continued to trade from its two existing showrooms at Units 1 and 11, Central Business Centre, Great Central Way, Neasden, London, NW10 0UR.

REVIEW OF BUSINESS

The results of the year and the financial position at the year-end were considered highly satisfactory by the Director. The positive outcome reflects the financial strength of the company, its established position within the used motor vehicle sector, its disciplined approach to purchasing and stock management, and its ability to adapt rapidly to changing market conditions.

The automotive sector continues to experience significant change, driven by environmental, technological, economic and social factors. Customers increasingly expect a more flexible, transparent and consumer-focused retail experience, including online vehicle research, remote communication, video consultations, remote purchasing, vehicle delivery and "click and collect" services. The company has continued to embrace these developments, improving customer choice while maintaining a personal, professional and relationship-led sales experience.

The Director believes that the future of the used vehicle sector will continue to be shaped by the successful integration of digital retailing with high quality physical premises. Customers increasingly expect convenience, speed and transparency, while still valuing the reassurance of a professional showroom, verified stock, finance support and personal service. The company's strategy is therefore to continue investing in both its online sales process and its physical infrastructure.

The company operates a fixed pricing policy, providing customers with a clear, transparent and consistent buying experience. This "no haggle, no hassle" approach supports fairness, builds trust and helps customers make informed purchasing decisions with confidence. The Director believes that transparent pricing is particularly important in the used vehicle market, where reputation, customer confidence and service quality are essential to long-term success.

Although turnover for the year reduced from £14,176,975 in 2024 to £13,026,848 in 2025, the company delivered a substantially stronger financial performance. Gross profit % increased to 11.27% (2024: 8.24%), compared with £1,168,017 in the previous year, reflecting improved margins, disciplined purchasing, careful stock management and the continued strength of the company's market position. Profit before taxation increased to £1,259,097, compared with £933,164 in 2024. Profit after taxation for the year was £935,548.

The company's balance sheet remains strong. Net assets increased from £5,531,802 at 31 August 2024 to £6,417,350 at 31 August 2025. Cash at bank and in hand also increased to £3,043,292, compared with £2,748,300 in the previous year. These results demonstrate the company's continued resilience, profitability and ability to generate strong reserves for future investment and expansion.

The company continues to focus on purchasing quality used vehicles at competitive prices and offering customers a wide selection of well prepared stock. The scale, reputation and purchasing power of the business allow it to maintain competitive pricing while preserving strong margins and high standards of vehicle preparation.

Customer service remains central to the company's success. The company continues to focus on product quality, transparent dealings and a bespoke customer experience with warm human relationships at its heart. Customer satisfaction is measured through online customer surveys and review platforms, with ratings typically measured from 1 to 5 stars, 5 being excellent. The company continues to value verified customer feedback and the confidence that this gives to prospective customers.

The company reviews monthly management accounts when analysing the progress of the business. This enables the Director to monitor performance, stock levels, margins, cash flow, customer demand and key business risks on an ongoing basis.

The company partners with leading high street finance providers to offer customers a range of finance products that adhere to high professional standards. Finance income remains an important enhancement to the company's motor vehicle sales activity, while the business continues to operate responsibly and in accordance with applicable regulatory requirements.

Key Performance Indicators

The Director monitors the performance of the company using a range of financial and non-financial key performance indicators. These include turnover, gross profit, profit before taxation, stock levels, cash reserves, customer satisfaction, online enquiry levels, vehicle preparation standards and finance conversion performance.

For the year ended 31 August 2025, the company achieved turnover of £13,026,848 and gross profit of £1,467,592. Profit before taxation increased significantly to £1,259,097, compared with £933,164 in the previous year. Net assets increased to £6,417,350, demonstrating the continued strength of the company's balance sheet. Cash at bank and in hand stood at £3,043,292 at the year end, providing the company with a strong platform for future investment and expansion.

Employees

Our staff are key to delivering the high level of customer service expected by the company. The company employs people who are focused, committed and experienced in the motor trade. It is our employees who uphold our principles, demonstrate our vision of working for a better future, deliver on our customer promise and make us the passionate organisation we are today.

The professional development of our staff remains important to the service we offer. The company continues to train and develop existing staff where appropriate. Many staff members are trained in numerous areas of the business, providing flexibility for business resourcing while also improving staff satisfaction and operational efficiency.

As the company continues to develop its digital sales process, staff training and development will remain important. The Director recognises the need for employees to be confident in handling online enquiries, video presentations, remote customer communications, digital finance processes, compliance requirements and customer relationship management systems.

Future Developments

The Director plans to maintain the growth and long term stability of the business over the coming years. The company has continued to preserve and build its financial reserves with a view to future expansion and long-term investment in the business.

Following the year end, the company underwent and restructuring and a holding company was inserted via a share for share exchange, and in October 2025, the company thrrough its fellow group company acquired a new site with the intention of developing a state of the art digital car sales hub. Although the acquisition took place after the financial year ended 31 August 2025, it represents an important strategic step in the company's future development plans. The company's cash reserves were utilised for the acquisition of the site.

The Director believes that the development of a digital sales hub will support the continued evolution of the business and position the company strongly for the future. The new site is expected to provide greater stock capacity, improved vehicle preparation facilities, better operational flow, faster stock turnover and a more advanced customer experience. It is also expected to allow the company to offer an even greater selection of prestige and luxury used vehicles.

The company's fixed pricing model will remain an important part of the future sales process. By combining transparent pricing with digital reservations, remote finance support, online communication and professional showroom facilities, the company aims to provide customers with a modern, trustworthy and efficient buying journey.

The company's strong balance sheet, profitability and cash reserves provide a solid foundation for this investment. The Director considers that the acquisition and planned development of the new site will be an important part of the company's long-term growth strategy.

PRINCIPAL RISKS AND UNCERTAINTIES

Price Risk

The company operates in a competitive market and is exposed to price risk in relation to the purchase and sale of used motor vehicles. Vehicle values may fluctuate due to market demand, economic conditions, changes in consumer preferences, finance availability and wider industry trends. The company monitors market pricing, stock levels and key performance indicators closely and acts accordingly.

Credit Risk

The company is exposed to the risk of clawback on finance commissions if customers fail to meet the standards or terms and conditions set by finance companies. The risk is limited to the value of the commission received. The company manages this risk by working with reputable finance partners and maintaining appropriate procedures when introducing customers to finance products.

Interest Rate Risk

The company's borrowing is limited and therefore exposure to interest rate risk is not considered significant. The company continues to monitor its financial position and funding requirements carefully.

Stock Valuation Risk

The company holds a significant level of vehicle stock and is therefore exposed to changes in used vehicle values. Market values may be affected by economic conditions, seasonal demand, manufacturer supply, changes in consumer preference and the availability of vehicle finance. The company manages this risk through careful purchasing, regular stock reviews, competitive pricing and active monitoring of market trends.The company holds a significant level of vehicle stock and is therefore exposed to changes in used vehicle values. Market values may be affected by economic conditions, seasonal demand, manufacturer supply, changes in consumer preference and the availability of vehicle finance. The company manages this risk through careful purchasing, regular stock reviews, competitive pricing and active monitoring of market trends.

Regulatory and Compliance Risk

The company operates in a regulated environment, particularly in relation to finance introductions, consumer rights, advertising standards and data protection. The company seeks to manage this risk by working with reputable finance partners, maintaining appropriate internal procedures and ensuring that customers are treated fairly throughout the sales process.

Technology and Cyber Risk

As the company continues to develop its digital sales process, it will place increasing reliance on technology, online systems, digital communications and customer data. This creates risks around system availability, cyber security and data protection. The company intends to manage these risks through appropriate systems, staff training, supplier selection and internal controls.

Economic and Consumer Confidence Risk

The company's performance may be affected by wider economic conditions, including inflation, interest rates, consumer confidence, household disposable income, availability of finance and changes in the cost of living. The Director monitors these factors and seeks to ensure that the company remains flexible, competitive and financially resilient.

ON BEHALF OF THE BOARD:

Mr Hussein Ashmere - Director

28 August 2026

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of sale of cars.

DIVIDENDS

An interim dividend of £5 per share was paid on 31 August 2025. The director recommends that no final dividend be paid.

The total distribution of dividends for the year ended 31 August 2025 will be £ 50,000 .

DIRECTOR

Mr Hussein Ashmere held office during the whole of the period from 1 September 2024 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

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

ON BEHALF OF THE BOARD:

Mr Hussein Ashmere - Director

28 August 2026

Opinion

We have audited the financial statements of M B Brent Park Ltd (the 'company') for the year ended 31 August 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 August 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 director's 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 director with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. 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. 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 course of 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 Statement of Director's Responsibilities set out on page six, 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Extent to which the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit, in respect to fraud, are: to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses; and to respond appropriately to fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and its management.

Our approach was as follows:

- We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience, and through discussion with the directors and other management (as required by auditing standards), and discussed with the directors and other management the policies and procedures regarding compliance with laws and regulations;

- We considered the legal and regulatory frameworks directly applicable to the financial statements reporting framework (FRS 102 and the Companies Act 2006) and the relevant tax compliance regulations in the UK;

- We considered the nature of the industry, the control environment and business performance, including the key drivers for management's remuneration;

- We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit;

- We considered the procedures and controls that the company has established to address risks identified, or that otherwise prevent, deter and detect fraud; and how senior management monitors those programmes and controls.

Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Where the risk was considered to be higher, we performed audit procedures to address each identified fraud risk. These procedures included: testing manual journals; reviewing the financial statement disclosures and testing to supporting documentation; performing analytical procedures; and enquiring of management, and were designed to provide reasonable assurance that the financial statements were free from fraud or error.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

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.

Sadikali Premji (Senior Statutory Auditor)

for and on behalf of TC Group

Statutory Auditor

First Floor

Spitalfields House

Stirling Way

Borehamwood

Hertfordshire

WD6 2FX

28 August 2026

TURNOVER

3

13,026,848

14,176,975

Cost of sales

(11,559,256

)

(13,008,958

)

GROSS PROFIT

1,467,592

1,168,017

Administrative expenses

(257,561

)

(258,104

)

OPERATING PROFIT

5

1,210,031

909,913

Interest receivable and similar income

49,706

23,715

1,259,737

933,628

Interest payable and similar expenses

6

(640

)

(464

)

PROFIT BEFORE TAXATION

1,259,097

933,164

Tax on profit

7

(323,549

)

(237,628

)

PROFIT FOR THE FINANCIAL YEAR

935,548

695,536

PROFIT FOR THE YEAR

935,548

695,536

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

935,548

695,536

FIXED ASSETS

Tangible assets

9

2,072

4,584

Investments

10

44,728

44,728

46,800

49,312

CURRENT ASSETS

Stocks

11

1,714,547

1,286,777

Debtors

12

2,444,985

2,452,962

Cash at bank and in hand

3,043,292

2,748,300

7,202,824

6,488,039

CREDITORS

Amounts falling due within one year

13

832,274

996,598

NET CURRENT ASSETS

6,370,550

5,491,441

TOTAL ASSETS LESS CURRENT LIABILITIES

6,417,350

5,540,753

CREDITORS

Amounts falling due after more than one year

14

-

8,951

NET ASSETS

6,417,350

5,531,802

CAPITAL AND RESERVES

Called up share capital

16

10,000

10,000

Retained earnings

17

6,407,350

5,521,802

SHAREHOLDERS' FUNDS

6,417,350

5,531,802

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

Mr Hussein Ashmere - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 September 2023

10,000

4,876,266

4,886,266

Changes in equity

Dividends

-

(50,000

)

(50,000

)

Total comprehensive income

-

695,536

695,536

Balance at 31 August 2024

10,000

5,521,802

5,531,802

Changes in equity

Dividends

-

(50,000

)

(50,000

)

Total comprehensive income

-

935,548

935,548

Balance at 31 August 2025

10,000

6,407,350

6,417,350

Cash flows from operating activities

Cash generated from operations

1

582,153

1,867,627

Interest paid

(640

)

(464

)

Tax paid

(237,628

)

(188,440

)

Net cash from operating activities

343,885

1,678,723

Cash flows from investing activities

Purchase of tangible fixed assets

-

(463

)

Sale of fixed asset investments

-

30,417

Interest received

49,706

23,715

Net cash from investing activities

49,706

53,669

Cash flows from financing activities

Loan repayments in year

(10,000

)

(10,185

)

Amount withdrawn by directors

(38,599

)

(20,233

)

Equity dividends paid

(50,000

)

(50,000

)

Net cash from financing activities

(98,599

)

(80,418

)

Increase in cash and cash equivalents

294,992

1,651,974

Cash and cash equivalents at beginning of year

2

2,748,300

1,096,326

Cash and cash equivalents at end of year

2

3,043,292

2,748,300

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

31.8.25

31.8.24

£

£

Profit before taxation

1,259,097

933,164

Depreciation charges

2,512

3,075

Profit on disposal of fixed assets

-

(167

)

Finance costs

640

464

Finance income

(49,706

)

(23,715

)

1,212,543

912,821

(Increase)/decrease in stocks

(427,770

)

590,600

Decrease in trade and other debtors

7,977

9,576

(Decrease)/increase in trade and other creditors

(210,597

)

354,630

Cash generated from operations

582,153

1,867,627

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 August 2025

31.8.25

1.9.24

£

£

Cash and cash equivalents

3,043,292

2,748,300

Year ended 31 August 2024

31.8.24

1.9.23

£

£

Cash and cash equivalents

2,748,300

1,096,326

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.9.24

Cash flow

At 31.8.25

£

£

£

Net cash

Cash at bank and in hand

2,748,300

294,992

3,043,292

2,748,300

294,992

3,043,292

Debt

Debts falling due within 1 year

(10,000

)

1,049

(8,951

)

Debts falling due after 1 year

(8,951

)

8,951

-

(18,951

)

10,000

(8,951

)

Total

2,729,349

304,992

3,034,341

1.	STATUTORY INFORMATION

M B Brent Park 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 historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the director is 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 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.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax.

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

Tangible fixed assets

Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery - 20% straight line

Fixtures and fittings - 25% straight line

Computer equipment - 25% straight line

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.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial 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, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.

TURNOVER

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

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

31.8.25

31.8.24

£

£

Sale of goods

13,026,848

14,176,975

13,026,848

14,176,975

An analysis of turnover by geographical market is given below:

31.8.25

31.8.24

£

£

United Kingdom

12,731,005

14,015,077

Europe

295,843

161,898

13,026,848

14,176,975

4.	EMPLOYEES AND DIRECTORS

31.8.25

31.8.24

£

£

Wages and salaries

81,945

77,462

Other pension costs

87

-

82,032

77,462

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

31.8.25

31.8.24

Administration

8

7

31.8.25

31.8.24

£

£

Director's remuneration

12,000

10,530

5.	OPERATING PROFIT

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

31.8.25

31.8.24

£

£

Other operating leases

68,714

71,207

Depreciation - owned assets

2,512

3,075

Profit on disposal of fixed assets

-

(167

)

Auditors' remuneration

10,500

7,500

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

31.8.25

31.8.24

£

£

Bank loan interest

640

464

7.

TAXATION

Analysis of the tax charge

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

31.8.25

31.8.24

£

£

Current tax:

UK corporation tax

323,549

237,628

Tax on profit

323,549

237,628

UK corporation tax has been charged at 25% (2024 - 25%).

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:

31.8.25

31.8.24

£

£

Profit before tax

1,259,097

933,164

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

314,774

233,291

Effects of:

Expenses not deductible for tax purposes

8,147

4,453

Capital allowances in excess of depreciation

-

(116

)

Depreciation in excess of capital allowances

628

-

Total tax charge

323,549

237,628