REGISTERED NUMBER: 03299063 (England and Wales)

Strategic Report,

Report of the Directors and

Financial Statements

for the Year Ended 31 January 2026

for

Halsall Mechanical and Electrical Ltd

Previously known as

Halsall Electrical

Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

5

Statement of Comprehensive Income

7

Balance Sheet

8

Statement of Changes in Equity

9

Cash Flow Statement

10

Notes to the Cash Flow Statement

11

Notes to the Financial Statements

12

DIRECTORS:

A J Wright

A J Perry

G Messham

D Shuter

A P Parker

D J Wright

S G Wright

SECRETARY:

A J Wright

REGISTERED OFFICE:

The Graduation Centre

Progress Drive

Cannock

Staffordshire

WS11 0JF

REGISTERED NUMBER:

03299063 (England and Wales)

AUDITORS:

Wright Vigar Limited

Statutory Auditors

Chartered Accountants & Business Advisers

Chancery Court

34 West Street

Retford

Nottinghamshire

DN22 6ES

The directors present their strategic report for the year ended 31 January 2026.

The principal activity of the company in the year under review was that of mechanical and electrical contractors.

REVIEW OF BUSINESS

The company has returned to growth in the year, with turnover increasing to £61.47m from £53.20m in the prior year, an increase of 15.5%. This reflects the strength of the order book carried into the year and the continued award of contracts by long term customers, which the directors believe is a direct result of the company's reputation and the quality of service it provides.

We operate from our Cannock Head Office with works being generated across a number of areas in the commercial sector, an approach that has offered some protection against any downturn in activity in these markets.

The company's reputation has continued to attract enquiries from both existing and many new clients and as such the company is working closely with many large organisations in relation to future opportunities. The company enters the new financial year with a strong order book and the directors consider that future prospects remain positive.

Turnover in the year increased to £61.47m, from £53.20m in the prior year.

Gross profit for the year is £9.45m (2025: £7.46m), giving a gross margin of 15.4% (2025: 14.0%).

Operating profit for the year is £766k (2025: £46k).

Profit before tax stands at £774k (2025: £9.37m). The prior year figure included an exceptional credit of £9.27m arising on the waiver in full of a loan owing to a company under common control. Excluding that item, profit before tax in the prior year was £96k, and the year on year movement therefore reflects a substantial improvement in underlying trading performance.

The Company's net assets at the year end were £16.53m (2025: £16.73m), after dividends of £750,000 paid to the parent company during the year.

The directors consider the results for the financial year ended 31 January 2026 to be satisfactory, particularly given the recovery in turnover and the improvement in underlying profitability, and as such take this opportunity to formally convey their most sincere appreciation to all members of staff for their continued loyalty and commitment to the company.

BOARD CHANGES

On 28 January 2026 S Halsall and Mrs K Halsall retired from the board of the company. The directors wish to record their thanks to both for the contribution they made over many years to the establishment and development of the business.

D J Wright and S G Wright were appointed to the board on 28 January 2026. The board now comprises seven directors and the directors consider that the transition has been completed without disruption to customers, suppliers or employees, and that it provides continuity of leadership and a stable platform for the next stage of the company's development.

CHANGE OF COMPANY NAME

On 29 January 2026 the company passed a special resolution changing its name from Halsall Electrical Limited to Halsall Mechanical and Electrical Ltd. The change of name reflects the broader range of services that the company now delivers to its customers and the directors expect it to support the company in tendering for wider packages of work. The change has no effect on the company's registration, its existing contracts or its trading relationships, all of which continue unaffected.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors continue to monitor the level of enquiries, contracts awarded, turnover, gross profit and cash resources, which they consider all to be key performance indicators.

The company is exposed to the usual business risks which the directors believe need to be monitored closely, especially during periods of economic uncertainty. The directors continually assess markets and contracts to identify any changes within the business sector in an attempt to mitigate the impact of any future general risk within the sector impacting upon the company.

Additional to the general business risk within the market place the company is exposed to price risks, credit risks and cash flow associated with selling on credit. These risks are managed through tight credit control procedures, including credit assessments of customers.

The company also carries balances with other group and related undertakings. The directors keep the recoverability of these balances under regular review and are satisfied that they are recoverable.

SECTION 172(1) STATEMENT

The revised UK Corporate Governance Code ('2018 Code') was published in July 2018 and applies to accounting periods beginning on or after January 1, 2019. The Companies (Miscellaneous Reporting) Regulations 2018 ('2018 MRR') require Directors to explain how they considered the interests of key stakeholders and the broader matters set out in section 172(1) (A) to (F) of the Companies Act 2006 ('S172') when performing their duty to promote the success of the Company under S172. This includes considering the interest of other stakeholders which will have an impact on the long term success of the company. This S172 statement explains how Halsall Mechanical and Electrical Ltd Directors:

- have engaged with employees, suppliers, customers and others; and

- have had regard to employee interests, the need to foster the company's business relationships with suppliers, customers and others, and the effect of that regard, including on the principal decisions taken by the company during the financial year.

The S172 statement focuses on matters of strategic importance to the company, and the level of information disclosed is consistent with the size and the complexity of the business.

The Board of directors are aware of their responsibilities and when making decisions each director ensures that they act in the way that they consider, in good faith, would most likely promote the Company's success for the benefit of its members as a whole, and in doing so has regard to:

S172(1) (A) The likely consequences of any decision in the long term. The aims set out in the review of the business section of the strategic report illustrate the long term focus of the directors. The changes in board membership completed in January 2026, and the change of company name, were made with the long term development of the business in mind and were planned so as to ensure continuity for customers, suppliers and employees.

S172(1) (B) The interests of the company's employees. The directors recognise that the employees are fundamental to the delivery of strategic ambitions and work closely with their representatives. Frequent appraisals and assessment of our team members' wellbeing ensures high retention of staff and key personnel. Employees were kept informed of the board changes and the change of company name, and average employee numbers were maintained at 114 during the year.

S172(1) (C) The need to foster the company's business relationships with suppliers, customers and others. Delivery of strategic goals requires strong mutually beneficial relationships with suppliers, customers and other agencies. The business continuously assesses the customer base within the context of business strategy and the management team ensures that these relationships are maintained. Customers and suppliers were notified of the change of company name so that trading relationships continued without interruption.

S172(1) (D) The impact of the company's operations on the community and the environment. The company considers its energy usage looking to make efficiencies where possible.

S172(1) (E) The desirability of the company maintaining a reputation for high standards of business conduct. Compliance with relevant governance standards helps assure that the correct decisions are made by the board which promote high standards of business conduct.

S172(1) (F) The need to act fairly as between members of the company. The directors consider all factors when determining the best course of action to deliver the Company's long term strategic goals. The impact on all stakeholders is considered as fairly as possible in the interest of the Company.

ON BEHALF OF THE BOARD:

A J Wright - Director

24 August 2026

The directors present their report with the financial statements of the company for the year ended 31 January 2026.

CHANGE OF NAME

The company passed a special resolution on 29 January 2026 changing its name from Halsall Electrical Limited to Halsall Mechanical and Electrical Ltd.

DIVIDENDS

The total distribution of dividends for the year ended 31 January 2026 on the Ordinary £1 shares will be £750,000 payable to the parent company, Halsall Holdings Limited. No dividends were paid on the Ordinary A £1 shares.

DIRECTORS

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

A J Wright

A J Perry

G Messham

D Shuter

A P Parker

Other changes in directors holding office are as follows:

S Halsall - resigned 28 January 2026

Mrs K Halsall - resigned 28 January 2026

D J Wright - appointed 28 January 2026

S G Wright - appointed 28 January 2026

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). 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;

-	state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

-	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

Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of the information. The directors confirm that there is no relevant information that they know of and which they know the auditors are aware of.

ON BEHALF OF THE BOARD:

A J Wright - Director

24 August 2026

Opinion

We have audited the financial statements of Halsall Mechanical and Electrical Ltd (the 'company') for the year ended 31 January 2026 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, 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 January 2026 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 four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the 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:

Our work is performed to include an assessment of the susceptibility of the entity's financial statements to material misstatement, including the risk of fraud. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK).

In identifying and assessing risk of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

-

We plan our work to gain an understanding of the significant laws and regulations that are of significance to the entity and the sector in which they operate. We perform our work to ensure that the entity is complying with its legal and regulatory framework.

-

We obtained an understanding of how the company is complying with those legal and regulatory frameworks by making inquiries to the management and people charged with governance.

We assessed the susceptibility of the Company's financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the engagement team included:

-

Substantive procedures performed in accordance with the ISAs (UK).

-

Challenging assumptions and judgments made by management in its significant accounting estimates.

-

Identifying and testing journal entries, in particular material journal entries and an assessment of year end journals.

-

Assessing the extent of compliance with the relevant 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.

Matthew Chadwick BA (Hons) FCA (Senior Statutory Auditor)

for and on behalf of Wright Vigar Limited

Statutory Auditors

Chartered Accountants & Business Advisers

Chancery Court

34 West Street

Retford

Nottinghamshire

DN22 6ES

24 August 2026

TURNOVER

3

61,470,146

53,203,976

Cost of sales

52,018,928

45,743,195

GROSS PROFIT

9,451,218

7,460,781

Administrative expenses

8,685,109

7,417,987

766,109

42,794

Other operating income

187

3,500

OPERATING PROFIT

5

766,296

46,294

Loan write off

6

-

9,274,267

766,296

9,320,561

Interest receivable and similar income

8,082

49,531

PROFIT BEFORE TAXATION

774,378

9,370,092

Tax on profit

7

229,641

37,410

PROFIT FOR THE FINANCIAL YEAR

544,737

9,332,682

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

544,737

9,332,682

FIXED ASSETS

Tangible assets

9

249,438

307,844

CURRENT ASSETS

Debtors

10

19,658,199

20,996,898

Cash at bank and in hand

2,100,468

2,792,750

21,758,667

23,789,648

CREDITORS

Amounts falling due within one year

11

5,479,620

7,363,744

NET CURRENT ASSETS

16,279,047

16,425,904

TOTAL ASSETS LESS CURRENT LIABILITIES

16,528,485

16,733,748

CAPITAL AND RESERVES

Called up share capital

12

50,000

50,000

Retained earnings

13

16,478,485

16,683,748

SHAREHOLDERS' FUNDS

16,528,485

16,733,748

The financial statements were approved by the Board of Directors and authorised for issue on 24 August 2026 and were signed on its behalf by:

A J Wright - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 February 2024

50,000

7,351,066

7,401,066

Changes in equity

Total comprehensive income

-

9,332,682

9,332,682

Balance at 31 January 2025

50,000

16,683,748

16,733,748

Changes in equity

Dividends

-

(750,000

)

(750,000

)

Total comprehensive income

-

544,737

544,737

Balance at 31 January 2026

50,000

16,478,485

16,528,485

Cash flows from operating activities

Cash generated from operations

1

(348,780

)

(3,780,974

)

Tax paid

423,163

(259,531

)

Net cash from operating activities

74,383

(4,040,505

)

Cash flows from investing activities

Purchase of tangible fixed assets

(24,747

)

(19,502

)

Interest received

8,082

49,531

Net cash from investing activities

(16,665

)

30,029

Cash flows from financing activities

Equity dividends paid

(750,000

)

-

Net cash from financing activities

(750,000

)

-

Decrease in cash and cash equivalents

(692,282

)

(4,010,476

)

Cash and cash equivalents at beginning of year

2

2,792,750

6,803,226

Cash and cash equivalents at end of year

2

2,100,468

2,792,750

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2026

2025

£

£

Profit before taxation

774,378

9,370,092

Depreciation charges

83,151

102,612

Finance income

(8,082

)

(49,531

)

849,447

9,423,173

Decrease in trade and other debtors

1,338,701

855,065

Decrease in trade and other creditors

(2,536,928

)

(14,059,212

)

Cash generated from operations

(348,780

)

(3,780,974

)

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 January 2026

31.1.26

1.2.25

£

£

Cash and cash equivalents

2,100,468

2,792,750

Year ended 31 January 2025

31.1.25

1.2.24

£

£

Cash and cash equivalents

2,792,750

6,803,226

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.2.25

Cash flow

At 31.1.26

£

£

£

Net cash

Cash at bank and in hand

2,792,750

(692,282

)

2,100,468

2,792,750

(692,282

)

2,100,468

Total

2,792,750

(692,282

)

2,100,468

1.	STATUTORY INFORMATION

Halsall Mechanical and Electrical Ltd 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.

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.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers. Turnover is inclusive of accrued income in respect of work undertaken during the year which at the balance sheet date has not been billed in accordance with FRS 102 section 23.

Turnover recognised in this manner is based upon an assessment of the fair value of the contracts at the balance sheet date as a proportion of the total value of the engagement.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost , net of depreciation and any impairment losses.

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, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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 tax

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

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

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

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.

Amounts recoverable on contracts

The amount by which recorded turnover on long term contracts is in excess of payments on account is classified as amounts recoverable on contracts under debtors.

Payments received on account

The balance of payments on account in excess of amounts offset against amounts recoverable on contracts and long-term contract balances is classified as payments received on account under creditors, where applicable.

3.

TURNOVER

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

An analysis of turnover by class of business is given below:

2026

2025

£

£

Electrical contracting

61,470,146

53,203,976

61,470,146

53,203,976

An analysis of turnover by geographical market is given below:

2026

2025

£

£

United Kingdom

61,470,146

53,203,976

61,470,146

53,203,976

4.	EMPLOYEES AND DIRECTORS

2026

2025

£

£

Wages and salaries

7,710,907

7,285,261

Social security costs

948,263

801,187

Other pension costs

210,938

196,672

8,870,108

8,283,120

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

2026

2025

Administration and support

59

58

Production

55

56

114

114

2026

2025

£

£

Directors' remuneration

1,558,650

1,346,278

Directors' pension contributions to money purchase schemes

57,720

61,963

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

Money purchase schemes

3

3

Information regarding the highest paid director is as follows:

2026

2025

£

£

Emoluments etc

549,162

513,324

5.	OPERATING PROFIT

The operating profit is stated after charging:

2026

2025

£

£

Hire of plant and machinery

602,636

643,427

Depreciation - owned assets

83,153

102,613

Auditors' remuneration

41,500

39,500

6.	EXCEPTIONAL ITEMS

In the prior year, an amount of £9,274,267 owing to a company under common control was waived in full by the related entity. This write off is reflected in the profit and loss account as an exceptional item.

7.

TAXATION

Analysis of the tax charge

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

2026

2025

£

£

Current tax:

UK corporation tax

229,641

37,410

Tax on profit

229,641

37,410

Reconciliation of total tax charge included in profit and loss

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

2026

2025

£

£

Profit before tax

774,378

9,370,092

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

193,595

2,342,523

Effects of:

Expenses not deductible for tax purposes

22,060

38,186

Depreciation in excess of capital allowances

13,986

20,029

Related party loan waiver

-

(2,318,566

)

Group relief

-

(44,762

)

Total tax charge

229,641

37,410

8.

DIVIDENDS

2026

2025

£

£

Ordinary shares of £1 each

Interim

750,000

-

9.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 February 2025

655,855

417,278

1,073,133

Additions

22,601

2,146

24,747

At 31 January 2026

678,456

419,424

1,097,880

DEPRECIATION

At 1 February 2025

483,694

281,595

765,289

Charge for year

48,695

34,458

83,153

At 31 January 2026

532,389

316,053

848,442

NET BOOK VALUE

At 31 January 2026

146,067

103,371

249,438

At 31 January 2025

172,161

135,683

307,844

10.

DEBTORS

2026

2025

£

£

Amounts falling due within one year:

Trade debtors

6,368,183

5,465,662

Prepayments

170,158

190,434

Amounts owed by group undertakings

8,841,254

4,527,349

Amounts recoverable on contracts

1,726,448

4,459,445

Other debtors

1,202,920

5,081,886

VAT

294,108

247,951

18,603,071

19,972,727

Amounts falling due after more than one year:

Trade debtors

1,055,128

1,024,171

Aggregate amounts

19,658,199

20,996,898

11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

2,269,749

5,410,365

Tax

229,641

(423,163

)

Social security and other taxes

331,320

289,153

Other creditors

215,787

264,353

Contract cost accruals

1,640,303

1,761,206

Accrued expenses

792,820

61,830

5,479,620

7,363,744