REGISTERED NUMBER: 04372380 (England and Wales)

Group Strategic Report,

Report of the Directors and

Consolidated Financial Statements

for the Year Ended 31 December 2025

for

The Bridgford Group Limited

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

5

Consolidated Profit and Loss Account

8

Consolidated Balance Sheet

9

Company Balance Sheet

10

Consolidated Statement of Changes in Equity

11

Company Statement of Changes in Equity

12

Consolidated Cash Flow Statement

13

Notes to the Consolidated Financial Statements

14

DIRECTORS:

A D Palmer

J D N Harrison

M Fahey

C Baggott

B J P Gray

REGISTERED OFFICE:

Bridgford Buildings

Wellington Crescent

Fradley Park

Lichfield

Staffordshire

WS13 8RZ

REGISTERED NUMBER:

04372380 (England and Wales)

AUDITORS:

Bates Weston Audit Ltd

Statutory Auditors

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

BANKERS:

Barclays Bank Plc

Leicester

LE87 2BB

The directors present their strategic report of the company and the group for the year ended 31 December 2025.

REVIEW OF BUSINESS

During the course of the period, the group's principal activity continued to be that of project management across the UK, specialising in fit out and refurbishment projects in the retail, leisure and commercial sectors.

The results for the year show a profit before taxation of £1.32m (2024 - £1.72m). The total shareholders' funds have decreased to £1.13m (2024 - £1.45m).

The performance of the Group is encouraging, considering the fact that it operates within an extremely competitive environment and the resulting commercial pressures that this brings.

In 2022 the Company transitioned 100% of the share capital to an EOT (The Bridgford Group Trustees Limited) which holds the shares for the benefit of the employees. This has been a positive move for the business and is continuing to achieve the benefits of aligning the goals of all stakeholders and employees, improving retention and morale and encouraging innovation at all levels.

PRINCIPAL RISKS AND UNCERTAINTIES

The Board of Directors recognises that effective risk management is essential to the delivery of the Group's strategy and long-term value creation. The Group operates in an environment that presents a range of strategic, operational, financial, and compliance risks.

The Group's performance is influenced by general economic conditions, consumer confidence, inflationary pressures, and interest rate changes.

The Group operates in a competitive market. Failure to innovate, maintain pricing strategies, or respond to market trends may lead to a loss of market share.

The ability to attract, retain, and develop skilled employees is critical to the success of the business. Skills shortages or high turnover could disrupt operations and strategic progress.

The group's principal financial instruments comprise bank balances, trade creditors, loans to the group and finance lease agreements. The main purpose of these instruments is to raise funds for the group's operations and to finance the group's operations.

Trade debtors are managed in respect of credit and cash flow risk by policies concerning the credit offered to clients and the regular monitoring of amounts outstanding for both time and credit limits. Trade creditors liquidity risk is managed by ensuring sufficient funds are available to meet amounts due.

The group is exposed to a moderate level of price risk, credit risk, liquidity risk and cash flow risk. The group manages these risks by financing its operations through retained profits, beneficial payment terms with key clients, supplemented by any bank borrowings where necessary to fund expansion.

The impact continues to be in terms of resources and price pressures which is a nationwide issue affecting all companies. The directors have carefully managed new regulations and guidelines as a result of both issues to minimise disruption to trading.

Following the balance sheet date, the company continues to be mindful of the risks which has restricted business throughout the wider UK economy. The directors maintain a watching brief on all developments arising from the aforementioned risks.

The management objectives are to retain sufficient liquid funds to meet day to day requirements, minimise exposure to fluctuating interest rates, and match the repayment schedule of any external borrowings or overdrafts with the future cash flows expected to arise from the group's trading activities.

The Group has a robust risk management framework in place. Key risks are regularly reviewed by senior management and the Board.

FINANCIAL KEY PERFORMANCE INDICATORS

The group has established and recognised key performance indicators to measure progress in achieving its key business objectives and strategies; these are reviewed on a regular basis.

Sales Turnover and Sales Margins

The group aims to increase turnover year-on-year whilst maintaining and improving its gross profit margin.

Working capital

The group closely monitors its working capital cycle and maintains a healthy cash balance, reducing the need to use short term borrowing facilities.

FUTURE DEVELOPMENTS

The directors pride themselves on the strong relationships that have developed with its clients and supply chain. As a result, the Group has strong commitments for future projects, and the directors feel that it is well placed to take advantage of those opportunities during 2026 and beyond.

ON BEHALF OF THE BOARD:

B J P Gray - Director

1 September 2026

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

DIVIDENDS

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

DIRECTORS

The directors who have held office during the period from 1 January 2025 to the date of this report are as follows:

S J Moore - resigned 31 May 2025

P J Cockle - resigned 31 May 2025

A D Palmer - appointed 31 May 2025

J D N Harrison - appointed 31 May 2025

M Fahey - appointed 31 May 2025

C Baggott - appointed 31 May 2025

B J P Gray - appointed 31 May 2025

DISCLOSURE IN THE STRATEGIC REPORT

Matters required to be disclosed under SI (2008) 410 Sch 7 pertaining to the use of Financial Instruments are contained within the Strategic Report in accordance with s414C(11) of the Companies Act 2006.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

ON BEHALF OF THE BOARD:

B J P Gray - Director

1 September 2026

Opinion

We have audited the financial statements of The Bridgford Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2025 which comprise the Consolidated Profit and Loss Account, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement 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 group's and of the parent company affairs as at 31 December 2025 and of the group's 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 group 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 group's and the parent 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 Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

-	the information given in the Group 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 Group 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 group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company 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 group's and the parent 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 group or the parent 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:

Based on our understanding of the company and sector in which it operates, we considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006. Audit procedures performed by the engagement team included:

-

Enquiry of management around actual and potential litigation and claims;

-

Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

-

Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.

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

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

Use of our report

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

Wayne Thomas FCA - Senior Statutory Auditor

for and on behalf of Bates Weston Audit Ltd

Statutory Auditors

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

7 September 2026

TURNOVER

31,275,282

32,228,151

Cost of sales

26,293,154

27,070,427

GROSS PROFIT

4,982,128

5,157,724

Administrative expenses

3,616,891

3,533,268

1,365,237

1,624,456

Other operating income

2,170

133,400

OPERATING PROFIT

5

1,367,407

1,757,856

Interest receivable and similar income

57,281

105,577

1,424,688

1,863,433

Interest payable and similar expenses

6

100,578

148,046

PROFIT BEFORE TAXATION

1,324,110

1,715,387

Tax on profit

7

347,820

413,005

PROFIT FOR THE FINANCIAL YEAR

976,290

1,302,382

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

976,290

1,302,382

Profit attributable to:

Owners of the parent

976,290

1,302,382

Total comprehensive income attributable to:

Owners of the parent

976,290

1,302,382

FIXED ASSETS

Intangible assets

9

-

-

Tangible assets

10

29,623

78,674

Investments

11

-

-

29,623

78,674

CURRENT ASSETS

Debtors

12

7,744,170

8,548,857

Cash at bank and in hand

3,158,495

1,692,700

10,902,665

10,241,557

CREDITORS

Amounts falling due within one year

13

9,804,639

8,865,872

NET CURRENT ASSETS

1,098,026

1,375,685

TOTAL ASSETS LESS CURRENT LIABILITIES

1,127,649

1,454,359

CAPITAL AND RESERVES

Called up share capital

17

248

248

Share premium

18

73,104

73,104

Retained earnings

18

1,054,297

1,381,007

SHAREHOLDERS' FUNDS

1,127,649

1,454,359

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2026 and were signed on its behalf by:

B J P Gray - Director

FIXED ASSETS

Intangible assets

9

-

-

Tangible assets

10

-

-

Investments

11

1,313,175

1,313,175

1,313,175

1,313,175

CURRENT ASSETS

Debtors

12

44,920

44,920

Cash at bank

537

570

45,457

45,490

CREDITORS

Amounts falling due within one year

13

710,176

710,176

NET CURRENT LIABILITIES

(664,719

)

(664,686

)

TOTAL ASSETS LESS CURRENT LIABILITIES

648,456

648,489

CAPITAL AND RESERVES

Called up share capital

17

248

248

Share premium

18

73,104

73,104

Retained earnings

18

575,104

575,137

SHAREHOLDERS' FUNDS

648,456

648,489

Company's profit for the financial year

1,302,967

782,967

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2026 and were signed on its behalf by:

B J P Gray - Director

Called up

share

Retained

Share

Total

capital

earnings

premium

equity

£

£

£

£

Balance at 1 January 2024

248

861,625

73,104

934,977

Changes in equity

Total comprehensive income

-

1,302,382

-

1,302,382

EOT contribution

-

(783,000

)

-

(783,000

)

Balance at 31 December 2024

248

1,381,007

73,104

1,454,359

Changes in equity

Total comprehensive income

-

976,290

-

976,290

EOT contribution

-

(1,303,000

)

-

(1,303,000

)

Balance at 31 December 2025

248

1,054,297

73,104

1,127,649

Called up

share

Retained

Share

Total

capital

earnings

premium

equity

£

£

£

£

Balance at 1 January 2024

248

575,170

73,104

648,522

Changes in equity

Total comprehensive income

-

782,967

-

782,967

EOT contribution

-

(783,000

)

-

(783,000

)

Balance at 31 December 2024

248

575,137

73,104

648,489

Changes in equity

Total comprehensive income

-

1,302,967

-

1,302,967

EOT contribution

-

(1,303,000

)

-

(1,303,000

)

Balance at 31 December 2025

248

575,104

73,104

648,456

Cash flows from operating activities

Cash generated from operations

21

3,608,234

(850,865

)

Interest paid

(100,578

)

(148,046

)

Tax paid

(464,005

)

(220,417

)

Net cash from operating activities

3,043,651

(1,219,328

)

Cash flows from investing activities

Purchase of tangible fixed assets

(19,594

)

(10,657

)

Sale of tangible fixed assets

30,667

100,702

Interest received

57,281

105,577

Net cash from investing activities

68,354

195,622

Cash flows from financing activities

Loan repayments in year

(333,333

)

(500,000

)

Amount introduced by directors

3,356

-

Amount withdrawn by directors

(13,233

)

(2,100

)

EOT contribution

(1,303,000

)

(783,000

)

Net cash from financing activities

(1,646,210

)

(1,285,100

)

Increase/(decrease) in cash and cash equivalents

1,465,795

(2,308,806

)

Cash and cash equivalents at beginning of year

22

1,692,700

4,001,506

Cash and cash equivalents at end of year

22

3,158,495

1,692,700

1.	STATUTORY INFORMATION

The Bridgford Group 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 General Information page.

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.

Basis of consolidation

The consolidated accounts incorporate the accounts of The Bridgford Group Limited and all of its subsidiary undertakings for the year. The acquisition method of accounting has been adopted. No profit or loss account is presented for The Bridgford Group Limited as permitted by section 408 of the Companies Act 2006.

Goodwill arising on consolidation is capitalised and has been fully amortised over a period of five years from the date of acquisition.

In the company's financial statements, investments in subsidiary undertakings are stated at cost less amounts written off.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Turnover

Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable certainty, by including in the profit and loss account turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs to date bear to total expected costs for that contract.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and necessary condition for it to be capable of operating in the manner intended by management.

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life:

Leasehold improvements

- 33% on cost

Motor vehicles

- 25% on cost

Computer equipment

- 33% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Profit and Loss Account, 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 group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term highly liquid investment with original maturities of three months or less.

Long term contract balances

For long term contracts, profit is recognised by reference to the stage of completion of each contract where there is reasonable certainty that the contract will be profitable. Where the outcome of the contract cannot be established with reasonable certainty, no profit is recognised. Foreseeable losses are provided for in full at the point at which the loss is anticipated.

Where amounts invoiced exceed the value of work done, the excess is accounted for as payments received on account and is included within creditors. Where the value of work done exceeds the amounts invoiced, the excess is accounted for as amounts recoverable on contracts and is included within debtors.

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

3.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

2,529,809

2,473,254

Social security costs

301,642

270,536

Other pension costs

111,675

43,388

2,943,126

2,787,178

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

2025

2024

Production staff

4

4

Administrative staff

40

38

44

42

4.	DIRECTORS' EMOLUMENTS

2025

2024

£

£

Directors' remuneration

430,352

628,432

Directors' pension contributions to money purchase schemes

61,485

10,147

Information regarding the highest paid director is as follows:

2025

2024

£

£

Emoluments etc

72,083

106,191

Pension contributions to money purchase schemes

8,521

128

5.	OPERATING PROFIT

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

2025

2024

£

£

Depreciation - owned assets

30,191

42,635

Loss/(profit) on disposal of fixed assets

7,787

(8,173

)

Auditors' remuneration

13,000

12,415

Auditors' remuneration for non audit work

4,885

7,930

Operating lease costs

169,954

214,574

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Interest payable

100,578

148,046

7.

TAXATION

Analysis of the tax charge

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

2025

2024

£

£

Current tax:

UK corporation tax

347,820

464,005

Deferred tax

-

(51,000

)

Tax on profit

347,820

413,005

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:

2025

2024

£

£

Profit before tax

1,324,110

1,715,387

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

331,028

428,847

Effects of:

Expenses not deductible for tax purposes

6,528

4,788

Depreciation in excess of capital allowances

2,589

7,266

Other timing differences

7,675

(27,896

)

Total tax charge

347,820

413,005

8.	INDIVIDUAL PROFIT AND LOSS ACCOUNT

As permitted by Section 408 of the Companies Act 2006, the Profit and Loss Account of the parent company is not presented as part of these financial statements.

9.	INTANGIBLE FIXED ASSETS

Group

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

9,459

AMORTISATION

At 1 January 2025

and 31 December 2025

9,459

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-