REGISTERED NUMBER: 05116688 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

BFT AUTOMATION UK LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Statement of Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Notes to the Financial Statements

12

DIRECTORS:

M Batson

S V Witzenburg

S P Montgomery

REGISTERED OFFICE:

Unit C2-C4

The Embankment Business Park

Vale Road, Heaton Mersey

Stockport

Cheshire

SK4 3GL

REGISTERED NUMBER:

05116688 (England and Wales)

AUDITORS:

Christian Douglass Accountants Limited

Chartered Accountants

Statutory Auditor

2 Jordan Street

Knott Mill

Manchester

M15 4PY

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

REVIEW OF BUSINESS

BFT Automation UK Limited is engaged in the supply of automated gate equipment, access control systems and associated products within the United Kingdom.

For the year ended 31 December 2025, the Company delivered a strong improvement in profitability, despite a challenging trading environment.

- Turnover was £17.4m (2024: £18.3m)

- Operating profit increased to £1.7m (2024: £1.4m)

- Profit before taxation increased to £1.8m (2024: £1.5m)

- Gross profit margin increased to 32.3% (2024: 25.1%)

Whilst revenue was slightly lower than the prior year, the Company achieved significantly improved margins and overall profitability, reflecting a disciplined approach to trading and continued focus on value.

Operational Performance

The Company continued to supply a broad portfolio of automation products to its established customer base across the UK.

Performance during the year was supported by:

- A continued focus on product mix and value-based selling

- Stable operating performance across core business activities

- Ongoing investment in systems and infrastructure to support future growth

The Company also saw an increase in fixed asset investment during the year, supporting operational capability and long-term development in investment in our Stockport Location and a new location in Swindon.

Market Environment

Trading conditions remained challenging throughout 2025, particularly in the residential sector, driven by continued pressure on consumer spending and slower activity in housing and construction markets. Despite these conditions, the Company maintained a stable market position, supported by its established customer relationships and product offering.

Non-Financial KPIs

The Company monitors a number of non-financial indicators to assess operational effectiveness, sustainability and employee engagement.

Customer Satisfaction

Customer service performance remained strong throughout the year, with service levels consistently maintained above target thresholds. The successful launch of a new e-commerce platform during 2025 further enhanced customer accessibility and digital engagement.

Carbon Footprint

Carbon data collection for 2025 has been completed and independently audited. A slight reduction in overall carbon footprint was achieved compared to the prior year, reflecting ongoing improvements in waste management, energy usage and logistics efficiency.

Waste Reduction

Packaging optimisation and recycling initiatives continue to be embedded within operational processes, supporting the Company's ongoing commitment to reducing environmental impact.

Workplace Safety

The Company recorded zero lost working days due to accidents during 2025. Regular health and safety reviews are maintained to ensure a safe working environment.

Employee Wellbeing and Engagement

Employee wellbeing initiatives continued throughout the year, including access to mental health support and healthcare cash plans. Employee engagement levels remain strong following the most recent internal survey.

PRINCIPAL RISKS AND UNCERTAINTIES

The principal risks and uncertainties facing the Company include:

Geopolitical Risks

Indirect impacts from conflicts in Eastern Europe and the Middle East continue to influence energy pricing and logistics. The Company has no direct exposure to suppliers in these regions.

Inflation and Interest Rates

Inflation eased during 2025 and interest rates began to reduce. Elevated unemployment levels may contribute to put further downward pressure on interest rates, potentially improving consumer disposable income. However, overall economic growth remains subdued and the Company continues to monitor conditions closely.

Global Trade Measures

Whilst not directly impacted, international trade measures, including those introduced by the United States, may influence global supply chains and pricing structures.

Other Key Risks

The Company continues to monitor and manage risks relating to supply chain resilience, cybersecurity, and evolving regulatory requirements.

ON BEHALF OF THE BOARD:

S P Montgomery - Director

30 March 2026

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

DIVIDENDS

An interim dividend of £900,000 (2024: £900,000) was paid during the year. The directors do not recommend a final dividend.

FUTURE DEVELOPMENTS

The Company will continue to focus on sustainable and profitable growth, supported by:

- Ongoing development of its product offering

- Continued investment in customer relationships

- Maintaining a strong presence within its core markets

- Investment in systems and operational capability

The directors remain confident in the Company's ability to navigate current market conditions and deliver continued performance in the year ahead.

Environmental Objectives

The Company continues to support wider group environmental objectives through a structured sustainability framework focused on three key pillars:

- Planet - reducing emissions and improving energy efficiency

- People - fostering a safe, inclusive and supportive workplace

- Prosperity - ensuring ethical and sustainable growth

The Company contributes to group-level environmental targets, including Science-Based Targets, and continues to align its operations with these long-term commitments.

Overall Outlook

The Company enters 2026 in a stronger profitability position, with a solid operational foundation and an established market presence. While external conditions remain uncertain, the directors believe the business is well positioned to deliver stable and sustainable performance.

DIRECTORS

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

M Batson

S V Witzenburg

Other changes in directors holding office are as follows:

K Spinks - resigned 31 December 2025

S P Montgomery - appointed 31 December 2025

POLITICAL DONATIONS AND EXPENDITURE

No political donations were paid during the year.

BRANCHES

At no time during the year did the company operate any branches outside of the United Kingdom.

DISCLOSURE IN THE STRATEGIC REPORT

The company has chosen in accordance with s.414C(11) Companies Act 2006 to set out in the company's strategic report information required by Schedule 7 of the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 to be contained in the directors' report. It has done so in respect of financial instruments and financial risk.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the 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), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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.

AUDITORS

The auditors, Christian Douglass Accountants Limited, are deemed to be reappointed under section 487(2) of the Companies Act 2006.

ON BEHALF OF THE BOARD:

S P Montgomery - Director

30 March 2026

Opinion

We have audited the financial statements of BFT Automation UK Limited (the 'company') for the year ended 31 December 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 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 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 Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

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

Matters on which we are required to report by exception

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

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

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

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

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

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

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page 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 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:

The audit, conducted in accordance with the ISAs (UK), required the exercise of professional judgment and the application of professional skepticism throughout. The audit was planned so as to identify and assess the risks of material misstatement of the financial statements, howsoever arising, and we subsequently designed and performed audit procedures responsive to those risks. We obtained an understanding of the company's systems of internal control, which management have established as described above, and undertook walkthrough testing to confirm their operation, solely to assist with designing audit procedures that are appropriate in the circumstances. We evaluated the appropriateness of accounting policies and the reasonableness of accounting estimates used by management. We audited the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business, if any. Further, we reviewed and concluded on the appropriateness of management's use of the going concern basis of accounting.

As a general commercial business, the company does not operate in a heavily regulated environment, however we identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial experience, through discussion with the directors and other management (as required by auditing standards), and from inspection of the company's regulatory and legal correspondence and we discussed with the directors and other management, the policies and procedures regarding compliance with laws and regulations. We communicated identified laws and regulations throughout our audit team and remained alert for any indications of non-compliance throughout the audit.

The company is subject to laws and regulations that directly affect the financial statements including financial reporting legislation (including related companies legislation), distributable profits legislation, taxation legislation and pension legislation and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with the auditing standards. In addition, as with any audit, there remains a higher risk of non-detection of fraud based irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

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.

Mrs Deborah Burton F.C.A. (Senior Statutory Auditor)

for and on behalf of Christian Douglass Accountants Limited

Chartered Accountants

Statutory Auditor

2 Jordan Street

Knott Mill

Manchester

M15 4PY

31 March 2026

TURNOVER

3

17,400,083

18,259,954

Cost of sales

11,775,307

13,669,044

GROSS PROFIT

5,624,776

4,590,910

Administrative expenses

3,913,178

3,170,398

OPERATING PROFIT

5

1,711,598

1,420,512

Income from shares in group undertakings

6

-

1,454

Interest receivable and similar income

7

101,155

120,863

101,155

122,317

1,812,753

1,542,829

Interest payable and similar expenses

8

1,238

2,257

PROFIT BEFORE TAXATION

1,811,515

1,540,572

Tax on profit

9

460,697

399,023

PROFIT FOR THE FINANCIAL YEAR

1,350,818

1,141,549

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,350,818

1,141,549

FIXED ASSETS

Intangible assets

11

-

-

Tangible assets

12

374,908

51,460

Investments

13

-

2,791

374,908

54,251

CURRENT ASSETS

Stocks

14

1,528,955

2,751,854

Debtors

15

6,729,460

3,805,023

Cash in hand

16

113

8,258,431

6,556,990

CREDITORS

Amounts falling due within one year

16

4,315,276

2,817,758

NET CURRENT ASSETS

3,943,155

3,739,232

TOTAL ASSETS LESS CURRENT LIABILITIES

4,318,063

3,793,483

PROVISIONS FOR LIABILITIES

18

85,802

12,040

NET ASSETS

4,232,261

3,781,443

CAPITAL AND RESERVES

Called up share capital

19

100,100

100,100

Retained earnings

20

4,132,161

3,681,343

SHAREHOLDERS' FUNDS

4,232,261

3,781,443

The financial statements were approved by the Board of Directors and authorised for issue on 30 March 2026 and were signed on its behalf by:

S P Montgomery - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2024

100,100

3,439,794

3,539,894

Changes in equity

Dividends

-

(900,000

)

(900,000

)

Total comprehensive income

-

1,141,549

1,141,549

Balance at 31 December 2024

100,100

3,681,343

3,781,443

Changes in equity

Dividends

-

(900,000

)

(900,000

)

Total comprehensive income

-

1,350,818

1,350,818

Balance at 31 December 2025

100,100

4,132,161

4,232,261

1.	STATUTORY INFORMATION

BFT Automation UK Limited is a company limited by shares and registered in England and Wales. The company's registered number is 05116688 and its registered office is at Units C2-C4 The Embankment Business Park, Vale Road, Heaton Mersey, Stockport, Cheshire, SK4 3GL.

The principal activity of the Company is the retail of automated gate equipment and associated products.

The financial statements are presented in Sterling, which is also the functional currency of the company.

The Total Comprehensive Income for the year is wholly attributable to the owners of the parent.

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.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemption 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.

Significant judgements and estimates

In applying the company's accounting policies, the directors are required to make judgments, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' judgments, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgments, estimates and assumptions, the actual results and outcomes may differ.

In preparing these financial statements the directors have made judgments and estimates:

- in determining whether there are any indicators of impairment of the company's tangible fixed assets. Factors taken into account in reaching such a decision include the economic viability and expected future financial performance of the assets;

- in determining the residual values and useful economic lives of tangible fixed assets. The company depreciates tangible fixed assets over their expected useful lives. The estimation of the useful lives of assets is based upon historic performance as well as expectations about future use. Assumptions are necessary regarding possible technological changes and maintenance programmes which can affect the actual lives of the assets; and

- in determining the recoverability of debtors and stocks. The company establishes a provision for debtors that are estimated to be irrecoverable and for stocks which are not expected to realise at least cost. When assessing recoverability the directors consider factors such as the ageing of items, past experience of recovery and current information regarding the asset.

Turnover

Turnover represents the amount derived from the provision of goods and services, and is stated after trade discounts, other sales taxes and net of VAT. Sales are recognised when the company considers that it has fulfilled its obligations to the customer which in respect of the sale of goods is on despatch. Income in respect of the recharge of expenses is recognised simultaneously with the underlying cost.

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.

Goodwill, being the amount paid in connection with the acquisition of a business in 2007 with an estimated useful life of one year, has been fully amortised in prior periods.

Tangible fixed assets

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.

Improvements to property

-

20% on cost

Plant and machinery

-

33% on cost and 10% on cost

Fixtures and fittings

-

10% on cost

Computer equipment

-

33% on cost

Tangible fixed assets are stated at historical invoice cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure directly attributable to bringing the asset to the location and condition necessary for operation by the company.

Stocks

Stocks are valued at the lower of cost and net realisable value. Cost is determined as an average of purchase invoice costs, with sales of goods being deducted at the prevailing average cost, and includes transport and handling costs where applicable.

Net realisable value is the price at which stocks can be sold in the normal course of business after allowing for the cost of realisation and, where appropriate, the cost of conversion from their existing state to a finished condition.

Provision is made where necessary for obsolete, slow-moving and defective stocks.

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 balance sheet date.

Deferred taxation

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Investments

Investments are stated at cost less any permanent diminution in value.

Financial instruments

Financial instruments are considered to comprise bank balances and trade debtors and creditors, plus group balances, which are all included on a non-discounted basis, at transaction price less any necessary impairment.

Income and expenditure generated in respect of these financial instruments, including interest receivable and payable and foreign exchange gains or losses, are recognised in the income statement as they accrue.

3.

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:

31.12.25

31.12.24

£

£

United Kingdom

16,950,917

17,898,664

Europe

449,166

361,290

17,400,083

18,259,954

Turnover can be categorised as arising from the sale of goods and the recharge of carriage and other charges. Turnover from the sale of goods amounted to £16,948,171 (2024: £17,738,055) and from the recharge of costs £451,912 (2024: £521,899).

4.	EMPLOYEES AND DIRECTORS

31.12.25

31.12.24

£

£

Wages and salaries

1,857,192

1,845,860

Social security costs

225,505

205,004

Other pension costs

89,568

102,215

2,172,265

2,153,079

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

31.12.25

31.12.24

Direct and sales

20

20

Management and administration

16

17

36

37

The average number of employees exclude 1 (2024: 2) director(s) who are not remunerated through this company.

Other pension costs represent the company's expense for payments to defined contribution pension schemes. Unpaid pension liabilities at the balance sheet date amounted to £Nil (2024: £1,065).

During the year £20,077 (2024: £nil) was incurred for termination benefits relating to redundancy costs.

31.12.25

31.12.24

£

£

Directors' remuneration

292,621

305,480

Directors' pension contributions to money purchase schemes

12,334

12,909

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

Money purchase schemes

2

2

Information regarding the highest paid director is as follows:

31.12.25

31.12.24

£

£

Emoluments etc

173,882

172,946

Pension contributions to money purchase schemes

7,097

7,097

5.	OPERATING PROFIT

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

31.12.25

31.12.24

£

£

Leases charged as an expense

475,271

310,196

Depreciation - owned assets

35,711

32,307

(Profit)/loss on disposal of fixed assets

(593

)

2,766

Auditors' remuneration

13,335

12,700

Foreign exchange differences

7,882

551

Remuneration payable to the company's auditors for non-audit compliance services

5,545

6,953

Cost of inventories recognised as an expense

10,529,961

12,636,347

Net loss from trade debt instruments

14,237

(718

)

6.

INCOME FROM SHARES IN GROUP UNDERTAKINGS

31.12.25

31.12.24

£

£

Shares in group undertakings

-

1,454

7.

INTEREST RECEIVABLE AND SIMILAR INCOME

31.12.25

31.12.24

£

£

Deposit account interest

101,155

120,863

8.

INTEREST PAYABLE AND SIMILAR EXPENSES

31.12.25

31.12.24

£

£

Corporation tax interest

1,238

2,257

9.

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

387,500

392,263

UK corporation tax prior year adjustment

(565

)

2,064

Total current tax

386,935

394,327

Deferred tax

73,762

4,696

Tax on profit

460,697

399,023

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

1,811,515

1,540,572

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

452,879

385,143

Effects of:

Income not taxable for tax purposes

-

(363

)

Capital allowances in excess of depreciation

(403

)

-

Depreciation in excess of capital allowances

-

10,481

Disallowable expenses

8,221

3,762

Total tax charge

460,697

399,023

10.

DIVIDENDS

31.12.25

31.12.24

£

£

Ordinary shares of £100 each

Interim

900,000

900,000

11.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

70,000

AMORTISATION

At 1 January 2025

and 31 December 2025

70,000

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

12.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

17,247

43,978

68,763

74,723

204,711

Additions

-

15,565

312,711

30,883

359,159

Disposals

-

(20,393

)

(3

)

-

(20,396

)

At 31 December 2025

17,247

39,150

381,471

105,606

543,474

DEPRECIATION

At 1 January 2025

16,025

38,773

32,845

65,608

153,251

Charge for year

376

7,629

18,565

9,141

35,711

Eliminated on disposal

-

(20,393

)

(3

)

-

(20,396

)

At 31 December 2025

16,401

26,009

51,407

74,749

168,566

NET BOOK VALUE

At 31 December 2025

846

13,141

330,064

30,857

374,908

At 31 December 2024

1,222

5,205

35,918

9,115

51,460

13.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 January 2025

2,791

Disposals

(2,791

)

At 31 December 2025

-

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

2,791

14.

STOCKS

31.12.25

31.12.24

£

£

Finished goods and goods for

resale

1,528,955

2,751,854

15.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

2,761,991

2,820,539

Amounts owed by group undertakings

3,597,203

76,167

Other debtors

29,960

800

Tax

173,570

-

Prepayments

166,736

907,517

6,729,460

3,805,023