REGISTERED NUMBER: 08756791 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 31 December 2025

for

KSG Training Services Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Statement of Directors' Responsibilities

4

Report of the Independent Auditors

5

Statement of Comprehensive Income

8

Balance Sheet

9

Statement of Changes in Equity

10

Cash Flow Statement

11

Notes to the Cash Flow Statement

12

Notes to the Financial Statements

13

DIRECTORS:

A K Sparkes

R Stark

Mrs P C Derrick

K D Stark

D Swann

SECRETARY:

R Stark

REGISTERED OFFICE:

Bromley

Stanton Drew

Bristol

Somerset

BS39 4DE

REGISTERED NUMBER:

08756791 (England and Wales)

SENIOR STATUTORY AUDITOR:

Michael Cook BSc FCA

AUDITORS:

A C Mole LLP

Chartered Accountants

& Statutory Auditor

Stafford House

Blackbrook Park Avenue

Taunton

Somerset

TA1 2PX

The directors present their strategic report for the year ended 31 December 2025.

REVIEW OF BUSINESS

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

The company undertakes comprehensive business planning to define long term strategic objectives and goals. Annual budgets and operational plans are prepared utilising financial Key Performance Indicators ("KPI's"). Business performance, measured by KPI's (including monitoring of actual results against budget targets) and bank balances, is reported to the directors on a monthly basis.

The turnover for the company for the year was £358,317 (2024 - £332,837) and the gross profit margin achieved was 69.2% (2024 - 66.6%).

This year has seen the company increase its turnover and in turn its gross profit margin which was in line with expectations. The sector continues to be very competitive but over the past few years the company has positioned itself well and increase in turnover is expected in 2026 along with the continuing strengthening of the gross profit margin.

The Directors anticipate that the company will trade profitably for the forthcoming year.

PRINCIPAL RISKS AND UNCERTAINTIES

As with any business, KSG Training Services Limited faces a number of risks and uncertainties in the course of its day to day operations. By effectively identifying and managing these risks their effects can be mitigated.

The principal risk to the company is a deterioration in demand from the UK Construction Industry. Any deterioration in economic conditions may significantly decrease demand which could have a material effect on revenues, margins, profits and debt levels.

The Directors also constantly monitor the state of receivables, as this remains a key factor in protecting the company's cash flow in the short and medium term.

FUTURE DEVELOPMENTS

The directors will continue to monitor costs closely in order to maintain profitability, whilst not compromising on quality and service. The directors will also continue to diversify into new markets when appropriate.

ON BEHALF OF THE BOARD:

R Stark - Director

18 August 2026

The directors present their report with the financial statements of the company for the year ended 31 December 2025.

DIVIDENDS

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

DIRECTORS

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

A K Sparkes

R Stark

Mrs P C Derrick

K D Stark

D Swann

FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES

The directors are responsible for monitoring financial risk. Appropriate policies have been developed and implemented to identify, evaluate and manage the key risks.

a) Price risk - The company is exposed to price risk as a result of its operations. Due to the economic climate the company has to quote competitive prices to win work. The directors are aware of the risks in selling and providing services at low margins and as the trading environment improves the directors will consider improving margins.

b) Credit risk - The company has implemented policies that require appropriate credit checks on customers before contracts are entered into. The credit given to customers is subject to limits which are determined and reassessed by the directors.

c) Liquidity risk - The company is reliant upon the continued support of its bankers and lenders. Budgets and cash flow projections are prepared and regularly monitored to ensure that the company operates within these facilities.

d) Interest rate cash flow risk - The overdraft facility has been arranged at a competitive rate of interest.

e) Economic risk - The company's performance is directly impacted by the economic environment. In order to manage this risk the company strives to deliver competitively priced services. The company is actively concentrating on improving efficiency and reducing costs.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

AUDITORS

The auditors, A C Mole LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

R Stark - Director

18 August 2026

The directors are responsible for preparing the Strategic report, the directors' report 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, including Financial Reporting Standard 102 Reduced Disclosure Framework (FRS 102).

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;

-

state whether applicable United Kingdom Accounting Standards, including FRS 102, have been followed, subject to any material departures disclosed and explained in the financial statements;

-

notify the company's shareholders in writing about the use of disclosure exemptions, if any, of FRS 102 used in the preparation of financial statements; and

-

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.

Opinion

We have audited the financial statements of KSG Training Services Limited (the 'company') for the year ended 31 December 2025 which comprise the Statement of 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 December 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, the Report of the Directors and the Statement of Directors' Responsibilities, 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:

Identifying and assessing potential risks of material misstatement due to irregularities.

We considered the following when identifying and assessing risks of material misstatement due to irregularities,

including fraud and non-compliance with laws and regulations;

- the legal and regulatory framework within which the business operates

- the nature of the industry in which the business operates

- the control environment and internal controls established to mitigate such risks

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

- discussions within the audit engagement team and with the group auditors about where fraud might occur.

Laws and regulations which are considered to be significant to the entity include those relating to the construction

industry, the requirements of the financial reporting framework FRS 102, the Companies Act 2006 and UK tax

legislation. In addition we considered other laws and regulations which may not directly impact the financial statements but may impact on the operations of the company, such as the changes arising following Brexit.

As a result of these procedures we concluded that the greatest potential for material misstatements due to fraud arose in respect of sales being overstated. In common with all audits under International Auditing Standards we also

concluded that a risk in relation to the potential for management override of controls existed.

Audit responses to the risks identified

We undertook audit procedures to respond to the risks identified, and designed our audit testing to respond to these

risks. The additional procedures we undertook included the following:

- Gaining an understanding of the company's procedures for ensuring compliance with laws and regulations.

- Controls testing over sales

- Testing the appropriateness of journal entries and other adjustments

- Considering whether accounting estimates were indicative of potential bias

- Considering any transactions which arose outside the normal course of business

- Making enquiries of management

- Corroborating our enquiries through the review of Board Minutes and review of correspondence.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team

members. We remained alert to any indications of fraud or non-compliance with laws and regulations throughout the

audit.

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.

Michael Cook BSc FCA (Senior Statutory Auditor)

For and on behalf of A C Mole LLP

Chartered Accountants

& Statutory Auditor

Stafford House

Blackbrook Park Avenue

Taunton

Somerset

TA1 2PX

19 August 2026

TURNOVER

358,317

332,837

Cost of sales

110,418

111,272

GROSS PROFIT

247,899

221,565

Administrative expenses

236,163

235,270

OPERATING PROFIT/(LOSS)

5

11,736

(13,705

)

Interest receivable and similar income

32,811

32,437

44,547

18,732

Interest payable and similar expenses

6

31,433

29,769

PROFIT/(LOSS) BEFORE TAXATION

13,114

(11,037

)

Tax on profit/(loss)

7

-

-

PROFIT/(LOSS) FOR THE FINANCIAL YEAR

13,114

(11,037

)

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME/(LOSS) FOR THE YEAR

13,114

(11,037

)

CURRENT ASSETS

Debtors: amounts falling due within one year

8

37,093

55,842

Debtors: amounts falling due after more than one year

8

589,456

473,197

Cash at bank

14,323

9,302

640,872

538,341

CREDITORS

Amounts falling due within one year

9

33,771

39,350

NET CURRENT ASSETS

607,101

498,991

TOTAL ASSETS LESS CURRENT LIABILITIES

607,101

498,991

CREDITORS

Amounts falling due after more than one year

10

531,361

436,365

NET ASSETS

75,740

62,626

CAPITAL AND RESERVES

Called up share capital

13

100

100

Retained earnings

14

75,640

62,526

SHAREHOLDERS' FUNDS

75,740

62,626

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2026 and were signed on its behalf by:

R Stark - Director

K D Stark - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2024

100

73,563

73,663

Changes in equity

Total comprehensive loss

-

(11,037

)

(11,037

)

Balance at 31 December 2024

100

62,526

62,626

Changes in equity

Total comprehensive income

-

13,114

13,114

Balance at 31 December 2025

100

75,640

75,740

Cash flows from operating activities

Cash generated from operations

1

24,906

(29,370

)

Net cash from operating activities

24,906

(29,370

)

Cash flows from investing activities

Interest received

32,811

32,437

Net cash from investing activities

32,811

32,437

Cash flows from financing activities

(Increase)/Decrease in intergroup debtor

(116,259

)

(39,756

)

Increase in intergroup creditors

94,996

67,114

Interest paid

(31,433

)

(29,769

)

Net cash from financing activities

(52,696

)

(2,411

)

Increase in cash and cash equivalents

5,021

656

Cash and cash equivalents at beginning of year

2

9,302

8,646

Cash and cash equivalents at end of year

2

14,323

9,302

1.	RECONCILIATION OF PROFIT/(LOSS) BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

Profit/(loss) before taxation

13,114

(11,037

)

Finance costs

31,433

29,769

Finance income

(32,811

)

(32,437

)

11,736

(13,705

)

Decrease/(increase) in trade and other debtors

18,749

(17,185

)

(Decrease)/increase in trade and other creditors

(5,579

)

1,520

Cash generated from operations

24,906

(29,370

)

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 December 2025

31.12.25

1.1.25

£

£

Cash and cash equivalents

14,323

9,302

Year ended 31 December 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

9,302

8,646

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.25

Cash flow

At 31.12.25

£

£

£

Net cash

Cash at bank

9,302

5,021

14,323

9,302

5,021

14,323

Total

9,302

5,021

14,323

1.	STATUTORY INFORMATION

KSG Training Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

The company is engaged in the provision of training to operate construction and civil engineering machinery and equipment.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with UK accounting standards, including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparation

These financial statements are prepared on a going concern basis, under the historical cost convention, as modified by certain financial assets and liabilities measured at fair value through profit or loss.

Related party exemption

The company has taken advantage of the 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.

Turnover

Turnover is measured at the fair value of consideration received or receivable, net of discounts and value added tax.

The company provides training services to companies and individuals. Revenue is recognised in the accounting period in which the training services have been provided.

Taxation

The taxation expense for the period comprises current and deferred tax recognised in the reporting period. 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. In this case tax is also recognised in other comprehensive income or directly into equity respectively.

i) Current tax

Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

ii) Deferred tax

Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is recognised on all timing differences at the balance sheet date, except for certain exceptions. Unrelieved tax losses and other deferred tax assets are only recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Financial instruments

i) Financial assets

Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price and subsequently measured at amortised cost.

At the balance sheet date financial assets are assessed for evidence of impairment. If an asset is impaired the impairment loss is recognised in the income statement.

ii) Financial liabilities

Basic financial liabilities, including trade and other payables, are initially recognised at transaction price and subsequently measured at amortised cost.

Critical accounting policies and estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The directors are of the opinion that there are no estimates or assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

4.	EMPLOYEES AND DIRECTORS

Employee costs during year:

2025

2024

£

£

Wages and salaries

171,688

173,403

Social security

21,395

18,245

Pension

3,614

3,664

196,697

195,312

Average number of persons employed

No.

No.

Administration

5

5

Key management compensation

Key management includes the directors and members of senior management. The compensation paid to key management for their services totalled £49,097 (2024 - £49,479).

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

Money purchase schemes

1

1

2025

2024

£

£

Directors' remuneration

42,710

43,697

Directors' pension contributions to money purchase schemes

970

1,007

5.	OPERATING PROFIT/(LOSS)

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

2025

2024

£

£

Auditors' remuneration of company

3,750

3,750

Auditors' remuneration taxation compliance services

1,000

1,000

Auditors' remuneration non-audit services

1,990

1,921

Hire of plant and machinery

38,320

38,599

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Inter-company loan interest

31,433

29,769

7.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose for the year ended 31 December 2025 nor for the year ended 31 December 2024.

Reconciliation of total tax charge included in profit and loss

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

2025

2024

£

£

Profit/(loss) before tax

13,114

(11,037

)

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

3,279

(2,759

)

Effects of:

Expenses not deductible for tax purposes

(23

)

80

Group relief

(3,256

)

2,679

Total tax charge

-

-

8.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

37,093

55,842

Amounts falling due after more than one year:

Amounts owed by group undertakings

589,456

473,197

Aggregate amounts

626,549

529,039

A formal agreement is in place to charge interest at a commercial market rate of 2.25% above Bank of England base rate on inter-company loan balances. Inter-company loans are not repayable on demand and therefore are treated as falling due in more than one year.

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

10,262

10,037

VAT

4,582

7,294

Other creditors

18,927

22,019

33,771

39,350

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

531,361

436,365

A formal agreement is in place to charge interest at a commercial market rate of 2.25% above Bank of England base rate on inter-company loan balances. Inter-company loans are not repayable on demand and therefore are treated as falling due in more than one year.

11.	SECURED DEBTS

HSBC Bank plc has a fixed and floating charge over all the assets and undertakings of KSG Training Services Limited.

An unlimited composite company guarantee has been given by Kelston Sparkes Holdings Limited, Kelston Sparkes (Group) Limited and Kelston Sparkes Contractors Limited to HSBC Bank plc to secure all liabilities of each other.

12.	FINANCIAL INSTRUMENTS

The company has the following financial instruments:

Notes

2025

2024

£

£

Financial assets that are debt instruments measured at amortised cost

Trade debtors

8

37,093

55,842

Amounts owed by group undertakings

8

589,456

473,197

626,549

529,038

Financial liabilities measured at amortised cost

Trade creditors

9

10,262

10,037

Amounts owed to group undertakings

10

531,361

436,365

541,623

446,403

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

There are no restrictions on the distribution of dividends and the repayment of capital on all classes of ordinary shares.

14.

RESERVES

Retained

earnings

£

At 1 January 2025

62,526

Profit for the year

13,114

At 31 December 2025

75,640

15.	PARENT COMPANY

Kelston Sparkes Holdings Limited is the company's parent company.

Accounts for this company may be obtained from the Registrar of Companies, Cardiff.

16.	CONTINGENT LIABILITIES

The company is party to a cross company guarantee to HSBC Bank plc for Kelston Sparkes (Group) Limited,

Kelston Sparkes Holdings Limited and Kelston Sparkes Contractors Limited. These companies are controlled by the directors of KSG Training Services Limited.

The company has contingent liabilities at 31 December 2025 amounted to £14,323 (2024 - £9,302) in respect of cash held by the company which may be offset against borrowing facilities granted by the bank to its holding company and fellow subsidiaries.

At 31 December 2025 there were contingent liabilities in respect of loan and overdraft facilities granted to

Kelston Sparkes (Group) Limited of £nil (2024 - £1,450,897).

17.	RELATED PARTY DISCLOSURES

Entities with control, joint control or significant influence over the entity

2025

2024

£

£

Sales

70,725

79,807

Purchases

46,945

46,802

Loan interest receivable

29,185

30,370

Amount due from related party

516,793

445,243

18.	ULTIMATE CONTROLLING PARTY

No one party controls the company.