REGISTERED NUMBER: 00861294 (England and Wales)

Strategic Report, Directors' Report and

Financial Statements For The Year Ended 31 December 2025

for

Unico Limited

Page

Company Information

1

Strategic Report

2

Directors' Report

5

Independent Auditors' Report

7

Statement of Income and Retained Earnings

11

Statement of Financial Position

12

Notes to the Financial Statements

13

DIRECTORS:

D B Ross

R C Ross

W J D McMartin

SECRETARY:

W J D McMartin

REGISTERED OFFICE:

Unit 4 Wested Lane

Swanley

England

BR8 8TE

REGISTERED NUMBER:

00861294 (England and Wales)

INDEPENDENT AUDITORS:

Robb Ferguson

Chartered Accountants & Statutory Auditors

Regent Court

70 West Regent Street

Glasgow

G2 2QZ

SOLICITORS:

Shepherd & Wedderburn LLP

9 Haymarket Square

Edinburgh

EH3 8FY

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

REVIEW OF BUSINESS

During the year the group continued to invest its profits to ensure that it is well placed to take advantage of future business opportunities that are in line with wider group strategy.

The focus for the forthcoming year will be around continuing to improve operational efficiencies, strong purchasing and overhead reduction where possible. The group will seek out appropriate acquisitions and continue our organic growth strategy across the business.

The group has key performance indicators focusing on sales, customer growth and gross margin achieved which are monitored closely. Company turnover increased to £14.57m from £13.26m an increase of 9.89% from the previous year, this was down to an organic growth and market penetration across the business. Gross profit margins decreased slightly with a changing of sales and product mix. The sales and result was in the headwind of several business challenges brought by economic pressures.

Total business costs increased inline with growth in turnover and inflationary pressure on the business.

Unico acquired the business and assets of Dawn Direct Ltd on 1st October 2024, and will become a trading subsidiary of Unico.

Early indications for 2026 show the business growing over 2025, with many areas of the business showing areas of growth. We are confident that the overall group performance will continue to show positive growth.

PRINCIPAL RISKS AND UNCERTAINTIES

The group's principal risks and uncertainties include:

Competitive risk - the group operates in a highly competitive market. Product ranges held and pricing by competitors can adversely impact the business as customer contracts continue to be tendered. We continue to monitor and review our product offering and the value we provide to our customers.

Exchange rate - the group buys goods in various currencies. The group has systems and procedures in place to minimise the risk of currency exposure and manages this position on an ongoing basis. Recent financial volatility brought on by USA tariffs and market fluctuations has ensure we are positioned well to mitigate this risk.

Liquidity risk - the cash generated from operations is forecast and monitored, expenditure including capital investment is controlled and the overall cash position monitored.

Inflation risk - Recent international events have resulted in inflationary pressures across most industries. The group have sought to mitigate it's risk by reviewing the stock holding and looking to forward purchase stock where possible.

Supply chain risk -international shipping crisis & Inflationary events have meant many suppliers & our supply chain have struggled with demand volatility. The group look to offset this by reviewing the stock holding and looking to increase critical stock levels for core product ranges.

Legislation and other regulatory changes - the group monitors forthcoming and current legislation changes to assess the impact on operational and other requirements.

Credit risk - the group is exposed to credit risk across a wide range of customers. Appropriate credit monitoring and review systems are in place across the business to manage this risk.

The directors regularly review all risks to which the company is exposed and the system of internal controls within the company to ensure that risks are identified, evaluated and managed.

KEY PERFORMANCE INDICATORS

Monthly Management Information reviewed by the directors, focuses on sales & revenue stream by company, margins, operational costs and most importantly cash flow and working capital. These are considered to be imperative for maintaining a strong balance sheet.

ENERGY & CARBON REPORT

Alexander Ross Holdings Limited and our subsidiary companies recognise our obligation to manage the environmental impact of our business operations and comply with all relevant environmental legislation.

We are committed to achieving Net Zero emissions by 2040, ten years ahead of the government target. The company is committed to using zero carbon energy where possible.

We are currently working to develop a full implementation plan which will allow us to bring this target further forward. All emissions reported and future plans include the entities under company's operational controls.

BASELINE EMISSIONS FOOTPRINT

Baseline emissions are a record of the greenhouse gases that have been produced in the past and were produced prior to the introduction of any strategies to reduce emissions. Baseline emissions are the reference point against which emissions reduction can be measured.

ADDITIONAL DETAILS RELATING TO THE BASELINE EMISSIONS CALCULATIONS

Alexander Ross Holdings Limited engaged with Climate Partner to undergo a full Corporate carbon footprint for out Scope 1, 2 and 3 emissions review using all available sources of data. Climate Partner based their calculations on Greenhouse Gas Protocol Corporate Accounting and Reporting Standard (GHG Protocol).

We have used the data for the year ending 31st December 2022 as a baseline for Scope 1 and 2 as our operations. We will use an intensity matrix of Co2 per £ sales to monitor our overall emission reductions.

EMISSIONS REDUCTION TARGETS

To continue our progress to achieving Net Zero, we have adopted the following carbon reduction targets. We will reduce our carbon emissions from Scope 1, 2 and selected Scope 3 emissions to achieve NetZero by 2040 and will put in place interim targets to ensure sufficient progress is made. In 2025 we purchased sufficient Carbon Credit to offset our total Scope 1, 2 and selected Scope 3 emissions.

GREEN INVESTMENT

The company has committed to several Carbon reduction initiatives, including being fully accredited to ISO14001, reducing energy consumption and the procurement of fully electric delivery vehicles. We aim to set further carbon reduction projects supported by interim targets on our Net Zero.

CORPORATE ENVIRONMENTAL & SOCIAL GOVERNANCE

Alexander Ross Holdings recognises it's importance to wider Corporate & ESG. We have fully accredited ISO14001, ISO9001& ISO45001

The directors regularly review all risks to which the group is exposed and the system of internal controls within the group to ensure that risks are identified, evaluated and managed.

ON BEHALF OF THE BOARD:

R C Ross - Director

28 August 2026

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

PRINCIPAL ACTIVITY

The principal activity of the company during the year continued to be the supply and distribution of janitorial supplies, soaps, toiletries and amenity products.

DIVIDENDS

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

FUTURE DEVELOPMENTS

The company will continue to seek sales growth, both organically and by strategic acquisition.

DIRECTORS

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

D B Ross

R C Ross

W J D McMartin

STATEMENT OF DIRECTORS' RESPONSIBILITIES

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

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

-	select suitable accounting policies and then apply them consistently;

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

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he 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.

ON BEHALF OF THE BOARD:

R C Ross - Director

28 August 2026

Opinion

We have audited the financial statements of Unico Limited (the 'company') for the year ended 31 December 2025 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position 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 directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

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

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

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Directors' Report, but does not include the financial statements and our Auditors' Report 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 Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Directors' Report 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 Directors' Report.

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

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

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

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

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

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page five, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report 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 wider knowledge and experience;

- 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 and FRS 102.

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

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, including banking controls, to mitigate risks of fraud and non-compliance with laws and regulations.

Audit response to risks identified

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 the accounting estimates set out 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;

- Reading the minutes of meetings of those charged with governance;

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

- Reviewing correspondence with HMRC, Companies House and the company's legal advisors.

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 Auditors' Report.

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 an Auditors' Report 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.

Alex Webb BAcc FCCA (Senior Statutory Auditor)

for and on behalf of Robb Ferguson

Chartered Accountants & Statutory Auditors

Regent Court

70 West Regent Street

Glasgow

G2 2QZ

28 August 2026

TURNOVER

4

14,572,130

13,260,147

Cost of sales

9,796,821

8,796,434

GROSS PROFIT

4,775,309

4,463,713

Distribution costs

2,495,412

2,329,010

Administrative expenses

1,464,475

1,383,583

3,959,887

3,712,593

OPERATING PROFIT and

PROFIT BEFORE TAXATION

815,422

751,120

Tax on profit

7

219,159

188,493

PROFIT FOR THE FINANCIAL YEAR

596,263

562,627

Retained earnings at beginning of year

4,006,687

3,844,060

Dividends

8

-

(400,000

)

RETAINED EARNINGS AT END OF YEAR

4,602,950

4,006,687

FIXED ASSETS

Tangible assets

9

779,958

765,051

Investments

10

3,700,558

3,700,558

4,480,516

4,465,609

CURRENT ASSETS

Stocks

11

947,068

1,454,065

Debtors

12

2,025,939

2,110,540

Cash at bank and in hand

727,402

72,051

3,700,409

3,636,656

CREDITORS

Amounts falling due within one year

13

3,056,596

3,349,205

NET CURRENT ASSETS

643,813

287,451

TOTAL ASSETS LESS CURRENT LIABILITIES

5,124,329

4,753,060

PROVISIONS FOR LIABILITIES

15

519,379

744,373

NET ASSETS

4,604,950

4,008,687

CAPITAL AND RESERVES

Called up share capital

16

2,000

2,000

Retained earnings

17

4,602,950

4,006,687

SHAREHOLDERS' FUNDS

4,604,950

4,008,687

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2026 and were signed on its behalf by:

R C Ross - Director

1.	STATUTORY INFORMATION

Unico 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 preparation of 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 financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future.

In assessing the appropriateness of the going concern basis, the directors have considered the company's current financial position, cash flow forecasts, available financing facilities, and the principal risks and uncertainties facing the business. Based on this assessment, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for a period of at least twelve months from the date of approval of these financial statements.

Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Financial reporting standard 102 - reduced disclosure exemptions

- the requirements of Section 7 Statement of Cash Flows;

- the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

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

- the disclosure requirements of Section 33 Related Party Disclosures relating to transactions between wholly owned members of the group

Preparation of consolidated financial statements

The financial statements contain information about Unico Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Alexander Ross Holdings Limited, North Main Street, Carronshore, Falkirk, FK2 8HT.

Turnover

Turnover is stated net of VAT and trade discounts. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Where payments are received from customers in advance of delivery of goods, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

Tangible fixed assets

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

Fixed plant and equipment

-

20% on cost and 10% on cost

Motor vehicles

-

Between 10% and 25% 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.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

Investments in subsidiaries

Investments in subsidiaries are measured at cost less accumulated impairment.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to and from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

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 currency transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction.

Pension costs and other post-retirement benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension

plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in the Statement of income and retained earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to

complete and sell.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of Income and Retained Earnings.

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3.	CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affects the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Provisions

Provision is made for obsolete stock and stock where the carrying value will not be recovered in full. Management judgement is required to determine the net realisable value of stock, particularly having regard to the difficult and competitive market in which the company operates. Changes to the assumptions underlining this assessment may change due to changes in operating conditions.

Provisions are recognised where the company has an obligation, as a result of a past event, that can be measured reliably and where the outcome is less than probable, but more than remote, no provision is recorded but a contingent liability is disclosed in the financial statements if material. The recording of provisions is an area which requires the exercise of judgement relating to the nature, timing and probability of the liability. The main provision held by the company is in respect of the earn-out potentially due to the former director of Dawn Direct Ltd.

4.

TURNOVER

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

An analysis of turnover by geographical market is given below:

2025

2024

£

£

United Kingdom

14,572,130

13,260,147

14,572,130

13,260,147

5.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

1,371,923

1,305,247

Social security costs

164,617

135,691

Other pension costs

57,033

110,897

1,593,573

1,551,835

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

2025

2024

Employees

44

47

2025

2024

£

£

Directors' remuneration

-

-

6.	OPERATING PROFIT

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

2025

2024

£

£

Depreciation - owned assets

306,615

295,174

Loss/(profit) on disposal of fixed assets

3,257

(236

)

Foreign exchange differences

(2,347

)

998

Defined contribution pension cost

57,033

110,897

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

221,848

192,850

Under provision

-

768

Total current tax

221,848

193,618

Deferred tax

(2,689

)

(5,125

)

Tax on profit

219,159

188,493

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

Reconciliation of total tax charge included in profit and loss

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

2025

2024

£

£

Profit before tax

815,422

751,120

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

203,856

187,780

Effects of:

Expenses not deductible for tax purposes

927

960

Adjustments to tax charge in respect of previous periods

-

768

Fixed asset differences

-

250

Timing differences

17,065

12,951

Group relief claimed

-

(14,216

)

Deferred tax movement

(2,689

)

-

Total tax charge

219,159

188,493

8.

DIVIDENDS

2025

2024

£

£

Ordinary shares shares of £1 each

Final

-

400,000

9.	TANGIBLE FIXED ASSETS

Fixed

plant and

Motor

equipment

vehicles

Totals

£

£

£

COST

At 1 January 2025

234,505

1,312,938

1,547,443

Additions

20,500

321,560

342,060

Disposals

-

(55,984

)

(55,984

)

At 31 December 2025

255,005

1,578,514

1,833,519

DEPRECIATION

At 1 January 2025

146,692

635,700

782,392

Charge for year

27,241

279,374

306,615

Eliminated on disposal

-

(35,446

)

(35,446

)

At 31 December 2025

173,933

879,628

1,053,561

NET BOOK VALUE

At 31 December 2025

81,072

698,886

779,958

At 31 December 2024

87,813

677,238

765,051

10.	FIXED ASSET INVESTMENTS

Shares in

group

Unlisted

undertakings

investments

Totals

£

£

£

COST

At 1 January 2025

and 31 December 2025

3,700,458

100

3,700,558

NET BOOK VALUE

At 31 December 2025

3,700,458

100

3,700,558

At 31 December 2024

3,700,458

100

3,700,558

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Satalite 2 Ltd

Registered office: North Main Street, Carronshore, Falkirk, FK2 8HT

Nature of business: Holding company

%

Class of shares:

holding

Ordinary

100.00

Dawn Direct Ltd

Registered office: North Main Street, Carronshore, Falkirk, FK2 8HT

Nature of business: Wholesale of janitorial products

%

Class of shares:

holding

Ordinary

100.00

11.

STOCKS

2025

2024

£

£

Stocks

947,068

1,454,065

12.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,684,086

1,248,008

Amounts owed by group undertakings

155,517

562,730

Other debtors

152,375

254,802

Prepayments and accrued income

33,961

45,000

2,025,939

2,110,540

13.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

556,524

585,519

Amounts owed to group undertakings

1,821,338

1,826,660

Tax

140,598

77,672

Social security and other taxes

39,629

33,427

VAT

309,258

141,773

Other creditors

2,749

548,899

Accruals and deferred income

186,500

135,255

3,056,596

3,349,205

14.	SECURED DEBTS

The company’s bankers hold a fixed charge over all present freehold and leasehold property; a first fixed charge over book and other debts, chattels, goodwill and uncalled capital, both present and future and a first floating charge over all assets and undertakings both present and future. In addition, a composite company unlimited multilateral guarantee has been given by Alexander Ross Holdings Limited, Unico Limited, Scottish Fine Soaps Limited, Alexander Ross Management Services Limited and Montague Lloyd Limited.

15.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

141,684

144,373

Other provisions

377,695

600,000

519,379

744,373

Deferred

Other

tax

provisions

£

£

Balance at 1 January 2025

144,373

600,000

Provided during year

(2,689

)

-

Utilised during year

-

(222,305

)

Balance at 31 December 2025

141,684

377,695

Other provisions represents a legal obligation in respect of future payments to the previous director of Dawn Direct Ltd. Other provisions represents the estimated cost of this payment.

16.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2,000

Ordinary shares

£1

2,000

2,000

17.

RESERVES

Retained Earnings

Retained earnings represents the accumulated profits and losses of the company less distributions made to shareholders.

18.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £57,033 (2024 - £110,897).

Contributions totalling £2,531 (2024 - £2,060) were payable to the fund at the reporting date.