REGISTERED NUMBER: 11211072 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

TOPCON POSITIONING (GREAT BRITAIN)

LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Director

6

Report of the Independent Auditors

8

Income Statement

11

Other Comprehensive Income

12

Balance Sheet

13

Statement of Changes in Equity

14

Notes to the Financial Statements

15

DIRECTOR:

C S Yeoh

SECRETARY:

M Cachia

REGISTERED OFFICE:

Unit 2 Sandy Hill Park, Sandy Way

Tamworth

Staffordshire

B77 4DU

REGISTERED NUMBER:

11211072 (England and Wales)

AUDITORS:

Prime

Chartered Accountants

Statutory Auditor

161 Newhall Street

Birmingham

B3 1SW

The directors present their strategic report for Topcon Positioning Great Britain Limited and the financial statements for the period from 1 April 2025 to 31 March 2026.

PRINCIPLE ACTIVITIES AND REVIEW OF THE BUSINESS

Topcon Positioning Great Britain Limited ("TPGB") has historically operated as a provider of high-precision positioning solutions, software, training, maintenance and support services to customers within the surveying, construction and civil engineering industries throughout Great Britain.

The Company's objective has been to provide end-to-end business solutions by integrating measurement technology, software and data to improve productivity, efficiency and workflow performance for its customers whilst supporting the development of sustainable infrastructure.

It remains TPGB's policy to ensure that the procurement, supply, installation, maintenance, training and support of its products and services consistently satisfy customer, regulatory and legal requirements.

During the year, the Topcon Group approved a reorganisation of its UK operations designed to align the business more closely with its wider European structure. As part of this initiative, the activities currently undertaken by TPGB will continue through the UK branch of Topcon Europe Positioning B.V.

The reorganisation is intended to enhance operational efficiency, strengthen collaboration across the European region and simplify the Group's organisational structure, whilst ensuring continuity for customers, suppliers and employees. Topcon remains committed to the UK market and will continue to provide the same products, services and support through its UK branch operations.

Review

The loss for the financial year 2025, which runs from 1st April 2025 to 31 March 2026 amounted to £49,231 (2024: £68,073 profit).

The company's key financial and other performance indicators during this period were as follows:

1 April 2025 - 31 March 2026

1 April 2024 - 31 March 2025

£   's

£   's

Turnover

8,563

9,783

Gross margin

1,696

1,974

Overheads

1,678

1,909

The key performance indicators for the company are the sales revenue and gross margin.

Revenue for the year was £8.6 million, representing a decrease of 12.4% compared with the prior year. Gross margins remained stable despite challenging market conditions and ongoing economic uncertainty.

The Company's financial performance and year-end financial position were considered satisfactory in the context of prevailing market conditions. The directors remain confident that the transfer of business operations to the UK branch structure will support the continued development of Topcon's activities in the United Kingdom whilst enabling greater integration with the wider European organisation.

PRINCIPAL RISKS AND UNCERTAINTIES

At operational level, the TPGB leadership team have systems and procedures in place to manage and mitigate risk to the business and its corporate stakeholders, with respect to product quality, the environment and the health, safety and welfare of all concerned. With systems in place to identify business risk, the organisation also identifies associated opportunities that fall within the business scope and puts in place the necessary plans to gain technical or commercial advantage from these opportunities.

The leadership team have the responsibility to ensure that their area of operation has sufficient resource with suitable and sufficient competence and awareness to fulfil their operational needs. These needs are regularly reviewed. Staff training, competence and awareness is reviewed under the staff Professional Development Review (PDR) mechanism at least twice per year.

It is recognised that the business needs to change, either as a result of internal or external influences. In order to protect the business, business change procedures exist to ensure that such changes have no adverse effect on the Company.

The business recognises that unforeseen circumstances can and do occur. In so far as is reasonably

practicable, TPGB has considered a range of scenarios in the development of its emergency preparedness and response plan which forms part of the business continuity plan.

Principal risks identified in the TPGB Risk & Opportunity Analysis include:

Market and Competition

The company recognises that if a Topcon Authorised Dealer is acquired by a competitor, the competitor may gain access to established customer relationships, market insights, and distribution channels. The company focuses on maintaining consistent communication and support to reinforce loyalty with its customers and strategic initiatives are continuously evaluated to ensure alignment with evolving market conditions.

Regulatory and Political Environment

Changes in legislation, tax policy, or political stability may influence the company's strategic direction and

operational flexibility. The company actively monitors regulatory developments and engages with relevant

stakeholders to anticipate and respond to such changes.

Stock Management

Stock management risks include overstocking, understocking, and supply chain disruptions, all of which can

lead to financial losses, missed sales, and customer dissatisfaction. Effective forecasting, inventory control,

and supplier diversification are key strategies to reduce these risks.

Talent Retention

Staff retention risk is often driven by factors such as limited career growth, inadequate compensation, poor

management, or a lack of work-life balance. To mitigate this risk, the company focuses on employee

engagement, provide training and development opportunities, and foster a supportive and inclusive

workplace culture.

FUTURE DEVELOPMENTS

Topcon remains committed to supporting customers throughout the United Kingdom and Ireland through its UK branch operations. The Group's strategic focus continues to be the growth and development of its positioning, construction and geospatial solutions business in the region.

The business will continue to focus on expanding its presence within the Geomatics and Construction markets, promoting its latest product portfolio and supporting customers through innovation, digital solutions and enhanced operational efficiency.

The transition to the UK branch structure is expected to provide greater operational alignment with the wider European business, enabling improved collaboration, resource sharing and customer support whilst maintaining a strong local presence in the UK market.

Further opportunities are anticipated from the ongoing digitalisation of the construction and geospatial industries. The Group expects continued demand for its digital solutions, software offerings and aftermarket services, supported by recent product launches and ongoing investment in technology and innovation.

Staff development, training and technical competence will remain important priorities within the continuing UK operations and will continue to be supported through regular performance and development reviews.

SUBSEQUENT EVENTS

Following the year end, the Topcon Group completed the establishment of a UK branch of Topcon Europe Positioning B.V. as part of a wider organisational reorganisation.

The business activities historically undertaken by Topcon Positioning Great Britain Limited, including customer relationships, employees, operational activities and associated assets and liabilities, are being transitioned to the UK branch structure. This reorganisation has been designed to ensure continuity of service to customers and suppliers whilst supporting the Group's long-term operational objectives within the region.

The Directors do not consider that the reorganisation gives rise to any material adjustment to the carrying amounts recognised in these financial statements.

GOING CONCERN

Prior to the approval of these financial statements, the directors approved a Group reorganisation under which the business operations, currently undertaken by Topcon Positioning Great Britain Limited, will continue through the UK branch of Topcon Europe Positioning B.V.

As a consequence of this reorganisation, the Company will no longer be the principal operating entity for the Group's UK activities. Accordingly, the directors have concluded that it is not appropriate to prepare the financial statements on a going concern basis and therefore the financial statements have been prepared on a basis other than going concern.

The directors have considered all relevant information available to them, including the Company's financial position, available resources and the planned transfer of business activities. The UK operations, employees, customer relationships and ongoing commercial activities will continue within the Topcon Group through the UK branch structure.

As at 31 March 2026, the Company was funded from its available reserves without the need for external borrowing. The directors are satisfied that the Company has sufficient resources to meet its obligations as they fall due and to facilitate the orderly transfer of operations and subsequent winding up of the entity.

The directors are satisfied that the Company has sufficient resources to meet its obligations and facilitate the orderly implementation of the Group reorganisation.

ON BEHALF OF THE BOARD:

C S Yeoh - Director

28 August 2026

The director presents her report with the financial statements of the company for the year ended 31 March 2026.

DIVIDENDS

No dividends will be distributed for the year ended 31 March 2026.

RESEARCH AND DEVELOPMENT

The company's ultimate parent undertaking continues to be a major innovator in the Positioning industry. Research into the advancement of current products and developmental breakthroughs continue to put the company at the forefront of industry technologies.

DIRECTORS

M Van Milt - resigned 30 May 2025

L Davies - resigned 30 September 2025

G Thomas - appointed 1 October 2025

C S Yeoh was appointed as a director after 31 March 2026 but prior to the date of this report.

G Thomas ceased to be a director after 31 March 2026 but prior to the date of this report.

INDEMNITY COVER

The company's Articles of Association provide, subject to the provisions of UK legislation, an indemnity for directors and officers of the company in respect of liabilities they may incur in the discharge of their duties or in the exercise of their powers, including any liabilities relating to the defence of any proceedings brought against them which relate to anything done or omitted, or alleged to have done or omitted, by them as officers or employees of the company.

Appropriate directors' and officers' liability cover is in place in respect of all the company's directors.

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 she 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 her to ensure that the financial statements comply with the Companies Act 2006. She 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 she has taken all the steps that she ought to have taken as a director in order to make herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Prime, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

C S Yeoh - Director

28 August 2026

Opinion

We have audited the financial statements of Topcon Positioning (Great Britain) Limited (the 'company') for the year ended 31 March 2026 which comprise the Income Statement, Other 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 31 March 2026 and of its loss for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Emphasis of matter - basis of preparation (not a going concern)

We draw attention to Note 2 in the financial statements, which indicates that the directors have decided to cease trading and liquidate the company. As a result, the financial statements have been prepared on a basis other than going concern, whereby the assets are recorded at their net realisable value. Our opinion is not modified in respect of this matter.

Other information

The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of director's remuneration specified by law are not made; or

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

Responsibilities of director

As explained more fully in the 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

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

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

- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the industry sector;

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

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

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

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

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

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

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

- tested journal entries to identify unusual transactions;

- assessed whether judgements and assumptions made in determining accounting estimates were indicative of potential bias; and

- investigated the rationale behind significant or unusual transactions.

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

- agreeing financial statement disclosures to underlying supporting documentation;

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

- reviewing correspondence with HMRC and other relevant parties.

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

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

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Jeremy Kitson BA FCA (Senior Statutory Auditor)

for and on behalf of Prime

Chartered Accountants

Statutory Auditor

161 Newhall Street

Birmingham

B3 1SW

1 September 2026

TURNOVER

3

8,563,150

9,783,461

Cost of sales

6,867,035

7,809,062

GROSS PROFIT

1,696,115

1,974,399

Administrative expenses

1,678,011

1,908,562

OPERATING PROFIT

5

18,104

65,837

Interest receivable and similar income

18,450

25,178

PROFIT BEFORE TAXATION

36,554

91,015

Tax on profit

6

85,785

22,942

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(49,231

)

68,073

(LOSS)/PROFIT FOR THE YEAR

(49,231

)

68,073

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(49,231

)

68,073

FIXED ASSETS

Tangible assets

7

367,244

492,816

CURRENT ASSETS

Stocks

8

833,215

809,106

Debtors

9

3,245,918

2,885,794

Cash at bank

1,269,006

2,759,639

5,348,139

6,454,539

CREDITORS

Amounts falling due within one year

10

1,691,105

2,873,846

NET CURRENT ASSETS

3,657,034

3,580,693

TOTAL ASSETS LESS CURRENT LIABILITIES

4,024,278

4,073,509

CAPITAL AND RESERVES

Called up share capital

13

2,000,000

2,000,000

Retained earnings

14

2,024,278

2,073,509

SHAREHOLDERS' FUNDS

4,024,278

4,073,509

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

C S Yeoh - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2024

2,000,000

2,005,436

4,005,436

Changes in equity

Total comprehensive income

-

68,073

68,073

Balance at 31 March 2025

2,000,000

2,073,509

4,073,509

Changes in equity

Total comprehensive income

-

(49,231

)

(49,231

)

Balance at 31 March 2026

2,000,000

2,024,278

4,024,278

1.	STATUTORY INFORMATION

Topcon Positioning (Great Britain) 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 (£).

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.

Going Concern

The directors have prepared the financial statements on a basis other than going concern as they intend to transfer the company's operations to another group company and subsequently place the company into liquidation. The directors have reviewed the carrying value of the company's assets and liabilities and consider that no material adjustments are required to reflect their estimated realisable and settlement values.

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

•

the requirement of paragraph 33.7.

The company is a wholly owned subsidiary of Topcon Europe Positioning B.V., a company registered in the Netherlands, which is the smallest group in which the financial statements of the company are consolidated. These financial statements can be obtained from Werner Von Siemensstraat 35, 2712 PN Zoetermeer, Netherlands. In these financial statements the Company is considered to be a qualifying entity (for the purpose of this FRS) and has applied the exemption available under FRS 102 in respect of the above disclosures.

Turnover

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

Turnover is recognised on the sale of goods when they are dispatched and on services when the services are performed.

Tangible fixed assets

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

Leasehold improvements

-

Straight line over 10 years

Warehouse equipment

-

20% on cost

Office furniture and fittings

-

33.33% on cost and 20% on cost

Rental assets

-

20% on cost

Demo fleet

-

at varying rates on cost

Tangible assets are held at original cost and depreciated as per the above.

Stocks

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

Taxation

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

Current or deferred taxation assets and liabilities are not discounted.

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

Deferred tax

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

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

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

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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

All sales are made for final delivery to UK entities.

4.	EMPLOYEES AND DIRECTORS

2026

2025

£

£

Wages and salaries

1,041,396

1,066,100

Social security costs

159,958

135,579

Other pension costs

45,288

98,470

1,246,642

1,300,149

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

2026

2025

Sales

4

5

Technical / product support specialist

6

8

Administration

6

7

Warehouse

1

1

17

21

The above figures excludes remuneration for 16 (2025: 16) employees on the payroll of Topcon Positioning (Great Britain) Limited but are employed by other companies within the Topcon Group.

Two of the directors are fully remunerated elsewhere in the group due to their limited role in the UK.

2026

2025

£

£

Directors' remuneration

-

120,813

5.	OPERATING PROFIT

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

2026

2025

£

£

Depreciation - owned assets

127,244

109,531

Auditors' remuneration

40,000

53,500

Foreign exchange differences

2,867

29,769

Operating leases - land and buildings

54,550

60,274

Operating leases - other

74,209

99,198

(Profit) / loss on disposal of fixed assets

(268,864

)

(5,110

)

6.

TAXATION

Analysis of the tax charge

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

2026

2025

£

£

Deferred tax

85,785

22,942

Tax on profit

85,785

22,942

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:

2026

2025

£

£

Profit before tax

36,554

91,015

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2025 - 25%)

9,139

22,754

Effects of:

Expenses not deductible for tax purposes

(9,529

)

(3,275

)

Capital allowances in excess of depreciation

(44,431

)

(62,244

)

Tax losses carried forward

44,821

42,765

Movement on deferred tax

85,785

22,942

Total tax charge

85,785

22,942

7.	TANGIBLE FIXED ASSETS

Office

furniture

Leasehold

Warehouse

and

improvements

equipment

fittings

£

£

£

COST

At 1 April 2025

203,251

27,251

251,864

Additions

-

5,083

23,075

Disposals

-

-

-

At 31 March 2026

203,251

32,334

274,939

DEPRECIATION

At 1 April 2025

189,397

27,251

238,200

Charge for year

7,528

988

11,691

Eliminated on disposal

-

-

-

At 31 March 2026

196,925

28,239

249,891

NET BOOK VALUE

At 31 March 2026

6,326

4,095

25,048

At 31 March 2025

13,854

-

13,664

Rental

Demo

assets

fleet

Totals

£

£

£

COST

At 1 April 2025

199,649

749,102

1,431,117

Additions

5,744

271,068

304,970

Disposals

(205,393

)

(278,272

)

(483,665

)

At 31 March 2026

-

741,898

1,252,422

DEPRECIATION

At 1 April 2025

6,658

476,795

938,301

Charge for year

6,757

100,280

127,244

Eliminated on disposal

(13,415

)

(166,952

)

(180,367

)

At 31 March 2026

-

410,123

885,178

NET BOOK VALUE

At 31 March 2026

-

331,775

367,244

At 31 March 2025

192,991

272,307

492,816

8.

STOCKS

2026

2025

£

£

Stocks

833,215

809,106

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

2,552,269

2,204,358

Amounts owed by group undertakings

115,126

89,172

Deferred tax asset

-

85,785

Prepayments and accrued income

578,523

506,479

3,245,918

2,885,794

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

77,066

127,904

Amounts owed to group undertakings

242,027

1,369,286

Social security and other taxes

383,533

422,242

Other creditors

-

7,620

Accrued expenses

988,479

946,794

1,691,105

2,873,846