REGISTERED NUMBER: 06953574 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

STOBA PRAZISIONSTECHNIK UK LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Director

4

Report of the Independent Auditors

5

Statement of Comprehensive Income

7

Statement of Financial Position

8

Statement of Changes in Equity

9

Notes to the Financial Statements

10

DIRECTOR:

M Krizsmann

REGISTERED OFFICE:

Unit Z1, The Old Sawmill

Mackley Industrial Estate

Henfield Road, Small Dole

Henfield

West Sussex

BN5 9XG

REGISTERED NUMBER:

06953574 (England and Wales)

AUDITORS:

Durrants, Chartered Accountants

Chartered Accountants & Statutory Auditor

24 Wellington Business Park

Dukes Ride

Crowthorne

Berkshire

RG45 6LS

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

BUSINESS ENVIRONMENT

The overall business environment was mixed in 2025. While we experienced satisfactory product demand at levels similar to 2024, we faced increased cost pressures from ongoing high inflation, which elevated input prices and staffing costs. Additionally, unfavourable government policies, particularly changes to National Insurance legislation, further intensified cost pressures. As in previous years, we had to concede price reductions to our main customer. These combined factors created a challenging business environment in 2025. We addressed these challenges by accelerating our initiative to automate part of our production line and implementing cost-saving measures to preserve our gross margin.

STRATEGY

In 2025 we executed well on your strategic priorities of maintaining gross margin sustainability, staying focused on continuous improvement to drive costs down and making progress towards deeper customer diversification. In 2026 we will enter a transition year as new projects will have to be introduced in our production system, requiring capital outlays and increased costs at the start of the product life cycle. Furthermore we want to invest in opportunities in different markets and laying the ground work.

OVERALL BUSINESS PERFORMANCE AND KEY PERFORMANCE INDICATORS

We were able to compensate lower prices awarded to our customers by gaining moderately higher volume demand. This led to a stable revenue performance with 2025 sales revenue only 1.3% lower than 2024.

Whilst sales revenue declined by 1.3%, the company managed to kept the gross margin constant and only recorded a minor drop of 0.5%. Our overhead costs excl. payroll increased by approx. 165.000GBP (7%) compared to 2024 which was driven by higher inter-company management costs, travel and legal expenses. Many of the overhead cost increases are related to one-off events and it is expected that overhead costs will fall again in 2026.

EBITDA and return on capital employed (ROCE) margins settled at 6% and 4% respectively both recording a drop when compared to 2024 and falling short of the double-digit target. However, the ROCE margin stayed above the EBT margin, pointing to an effective use of our productive assets.

The balance sheet remains strong, with no bank liabilities in 2025. Inventory and receivable turnover ratios have slightly deteriorated. The inventory ratio was impacted by higher stock levels for products that will be introduced to production in 2026, for which we ordered sufficient stock to cover entire 2026 demand. Furthermore, we are holding higher stock levels across all product categories in anticipation of increased demand in 2026. The accounts receivable turnover ratio was negatively impacted by delayed invoice payments from three customers.

We are excited for 2026 as we will be continuing to expand our relationship with the new customer we gained in 2025, whilst striving to diversify into a new market and expanding our product portfolio making sure that we achieve good assets utilisation and leveraging fixed costs.

OVERALL BUSINESS RISK

The company maintains its assessment of two significant risks from internal and external sources:

Competition within the existing supply base remains challenging as market incumbents attempt to fill capacity amid shrinking demand. We are witnessing aggressive pricing strategies from competitors, particularly from Asia, aimed at gaining market share. Additionally, we risk losing our quality advantage as competition from Asia, especially China, is gaining ground in this area. To mitigate these risks, we are prioritizing customer diversification and exploring new markets.

Internally, we view effective capacity utilization as both a key priority and a key risk. We are striving for greater production flexibility and improved cost management. To address these challenges, we are emphasizing automation of our production line to mitigate potential negative effects.

FINANCIAL RISK AND CAPITAL MANAGEMENT

The company's activities expose it to various financial risks: market risk (including currency risk, fair value interest rate risk, cash flow-, interest rate-, price-, credit-, and liquidity risk). The group's overall risk management program focuses on the unpredictability of financial markets and seeks to minimize potential adverse effects on each company's financial performance.

Foreign exchange risk

The company undertakes transactions denominated in foreign currencies and holds funds in Euros; consequently, exposures to exchange rate fluctuations arise. The company actively manages its foreign exchange exposure by hedging its FX exposure. This risk has significantly reduced as we achieved matching FX risk relating to cash outflows with cash inflows in the same currency.

Liquidity risk

Short- and medium-term cash flow forecasting is performed regularly to ensure that sufficient cash is on hand to meet operational needs, such as forecasting regarding the asset, financing, and working capital requirements of the business.

Capital management

The company's capital structure consists of equity, comprising issued capital and retained earnings. The company's objectives are to manage its capital base and forecast regularly to anticipate any future significant variations in capital to safeguard its ability to continue as a going concern.

CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

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

ON BEHALF OF THE BOARD:

M Krizsmann - Director

11 February 2026

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of precision engineering.

DIVIDENDS

The total distribution of dividends for the year ended 31 December 2024 was £505,135 ( 2023 £nil).

DIRECTORS

M Krizsmann has held office during the whole of the period from 1 January 2025 to the date of this report.

Other changes in directors holding office are as follows:

M Chart - resigned 30 June 2025

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), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-	select suitable accounting policies and then apply them consistently;

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

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

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

AUDITORS

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

ON BEHALF OF THE BOARD:

M Krizsmann - Director

11 February 2026

Opinion

We have audited the financial statements of Stoba Prazisionstechnik UK Limited (the 'company') for the year ended 31 December 2025 which comprise the Statement of Comprehensive Income, Statement of Financial Position, 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 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 director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information

The 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 four, 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:

- Monthly management accounts are reviewed and discussed in detail with the company

- There is regular Group reporting and oversight

- There are no significant laws and regulations applying to the company which in themselves could cause a material misstatement in the financial statements

- Our assessment of the risk of fraud , including discussion of this with management , was that this was low and opportunities were minimal and the audit testing performed did not lead to any revision of this assessment. Large and unusual transactions were tested, including journals, and this did not indicate anything to the contrary.

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.

Ian Bessant ACA (Senior Statutory Auditor)

for and on behalf of Durrants, Chartered Accountants

Chartered Accountants & Statutory Auditor

24 Wellington Business Park

Dukes Ride

Crowthorne

Berkshire

RG45 6LS

11 February 2026

REVENUE

3

16,156,019

16,350,407

Cost of sales

7,865,242

7,887,220

GROSS PROFIT

8,290,777

8,463,187

Distribution costs

80,130

78,565

Administrative expenses

7,986,684

7,831,989

8,066,814

7,910,554

223,963

552,633

Other operating income

85,073

104,863

OPERATING PROFIT

5

309,036

657,496

Interest receivable and similar income

7,482

7,505

316,518

665,001

Interest payable and similar expenses

6

6,312

14,356

PROFIT BEFORE TAXATION

310,206

650,645

Tax on profit

7

86,943

162,098

PROFIT FOR THE FINANCIAL YEAR

223,263

488,547

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

223,263

488,547

FIXED ASSETS

Property, plant and equipment

9

1,673,793

1,936,442

CURRENT ASSETS

Inventories

10

2,896,677

2,462,379

Debtors

11

2,859,805

2,414,670

Cash at bank and in hand

493,702

997,755

6,250,184

5,874,804

CREDITORS

Amounts falling due within one year

12

1,570,107

685,526

NET CURRENT ASSETS

4,680,077

5,189,278

TOTAL ASSETS LESS CURRENT LIABILITIES

6,353,870

7,125,720

PROVISIONS FOR LIABILITIES

15

136,058

138,615

NET ASSETS

6,217,812

6,987,105

CAPITAL AND RESERVES

Called up share capital

16

3,102,133

3,102,133

Retained earnings

3,115,679

3,884,972

SHAREHOLDERS' FUNDS

6,217,812

6,987,105

The financial statements were approved by the director and authorised for issue on 11 February 2026 and were signed by:

M Krizsmann - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2024

3,102,133

3,901,560

7,003,693

Changes in equity

Dividends

-

(505,135

)

(505,135

)

Total comprehensive income

-

488,547

488,547

Balance at 31 December 2024

3,102,133

3,884,972

6,987,105

Changes in equity

Dividends

-

(992,556

)

(992,556

)

Total comprehensive income

-

223,263

223,263

Balance at 31 December 2025

3,102,133

3,115,679

6,217,812

1.	STATUTORY INFORMATION

Stoba Prazisionstechnik UK 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.

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirement of paragraph 3.17(d).

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements , estimates and assumptions which affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenue and expenses during the period. However, the nature of estimation means that actual outcomes could differ from those estimates. The principal judgement affecting amounts recognised in the financial statement concerns tangible fixed assets, their useful lives and residual values which are assessed annually.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue from the sale of goods is recognised when goods are shipped and accepted by the customer.

Tangible fixed assets

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

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

Improvements to property

over the life of the lease

Plant and machinery

Straight line over 10 years

Fixtures and fittings

33% on cost

Tooling

Straight line over 14 months

Computer equipment

33% on cost

Stocks

Inventories are valued at the lower of cost and net realisable value. Cost represents the direct cost of production. Due allowance is made for obsolete and slow moving items.

Taxation

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

Current or deferred taxation assets and liabilities are not discounted.

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

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 statement of financial position 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.

Hire purchase and leasing commitments

A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

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.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

3.

REVENUE

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

4.	EMPLOYEES AND DIRECTORS

31/12/25

31/12/24

£

£

Wages and salaries

4,429,361

4,333,422

Social security costs

523,954

445,338

Other pension costs

158,515

218,084

5,111,830

4,996,844

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

31/12/25

31/12/24

Management and Finance

4

5

Factory and Production

94

98

98

103

31/12/25

31/12/24

£

£

Directors' remuneration

154,107

267,045

Directors' pension contributions to money purchase schemes

88,586

80,937

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

Money purchase schemes

1

2

5.	OPERATING PROFIT

The operating profit is stated after charging:

31/12/25

31/12/24

£

£

Hire of plant and machinery

1,931

1,040

Other operating leases

204,569

231,418

Depreciation - owned assets

619,632

697,820

Auditors' remuneration

12,000

11,000

Auditors' remuneration for non audit work

12,082

26,092

Foreign exchange differences

4,791

41,335

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

31/12/25

31/12/24

£

£

Bank loan and HP interest paid

6,312

14,356

7.

TAXATION

Analysis of the tax charge

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

31/12/25

31/12/24

£

£

Current tax:

UK corporation tax

89,500

181,327

Deferred tax

(2,557

)

(19,229

)

Tax on profit

86,943

162,098

Reconciliation of total tax charge included in profit and loss

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

31/12/25

31/12/24

£

£

Profit before tax

310,206

650,645

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

77,552

162,661

Effects of:

Depreciation in excess of capital allowances

2,557

12,356

Other adjustments

6,834

(12,919

)

Total tax charge

86,943

162,098

The rate of corporation tax increased to 25% from 1st April 2023.

8.

DIVIDENDS

31/12/25

31/12/24

£

£

A Ordinary shares of £1 each

Interim

992,556

505,135

9.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2025

2,235,702

11,347,039

209,816

Additions

-

315,654

8,862

At 31 December 2025

2,235,702

11,662,693

218,678

DEPRECIATION

At 1 January 2025

2,235,702

9,555,575

134,115

Charge for year

-

537,505

28,878

At 31 December 2025

2,235,702

10,093,080

162,993

NET BOOK VALUE

At 31 December 2025

-

1,569,613

55,685

At 31 December 2024

-

1,791,464

75,701

Computer

Tooling

equipment

Totals

£

£

£

COST

At 1 January 2025

692,736

252,733

14,738,026

Additions

8,669

23,798

356,983

At 31 December 2025

701,405

276,531

15,095,009

DEPRECIATION

At 1 January 2025

659,364

216,828

12,801,584

Charge for year

29,444

23,805

619,632

At 31 December 2025

688,808

240,633

13,421,216

NET BOOK VALUE

At 31 December 2025

12,597

35,898

1,673,793

At 31 December 2024

33,372

35,905

1,936,442

10.	INVENTORIES

31/12/25

31/12/24

£

£

Stocks

2,896,677

2,462,379

11.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Trade debtors

2,428,934

2,096,420

Amounts owed by group undertakings

41,478

183,231

Other debtors

83,546

26,697

VAT

181,066

15,179

Prepayments

124,781

93,143

2,859,805

2,414,670

12.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Trade creditors

1,223,990

244,358

Tax

5,574

45,484

Social security and other taxes

107,818

117,374

Other creditors

-

21,928

Wages control

-

1,561

Deferred income

29,118

-

Accrued expenses

203,607

254,821

1,570,107

685,526

13.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31/12/25

31/12/24

£

£

Within one year

188,000

-

Between one and five years

752,000

-

In more than five years

846,000

-

1,786,000

-

14.	FINANCIAL INSTRUMENTS

The company has no financial assets or liabilities measured at fair value through profit or loss.

Financial assets by category:

Loans and receivables:

31/12/2024

31/12/2023

£

£

Trade and other receivables excluding prepayments

2,394,370

3,502,712

Cash and cash equivalents

997,755

621,114

--------------

--------------

3,392,125

4,123,826

=========

=========

None of the above financial assets are impaired or past due and they are considered to be of good credit quality. The credit risk for cash and cash equivalents is considered negligible, since the main counterparty is a reputable bank with a high quality external credit rating.

15.	PROVISIONS FOR LIABILITIES

31/12/25

31/12/24

£

£

Deferred tax

Accelerated capital allowances

136,058

138,615

Deferred

tax

£

Balance at 1 January 2025

138,615

Accelerated capital allowances

(2,557

)

Balance at 31 December 2025

136,058

16.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/25

31/12/24

value:

£

£

3,102,133

A Ordinary

£1

3,102,133

3,102,133