REGISTERED NUMBER: 11986297 (England and Wales)

Group Strategic Report, Report of the Directors and

Consolidated Financial Statements

for the Year Ended 31 December 2025

for

The Investigo Group Limited

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

6

Report of the Independent Auditors

8

Consolidated Income Statement

12

Consolidated Other Comprehensive Income

13

Consolidated Balance Sheet

14

Company Balance Sheet

15

Consolidated Statement of Changes in Equity

16

Company Statement of Changes in Equity

17

Consolidated Cash Flow Statement

18

Notes to the Consolidated Cash Flow Statement

19

Notes to the Consolidated Financial Statements

20

DIRECTORS:

C Powell

M Bowler

S Manning

C M Newton

M D Stagg

S Barber

S D Rogers

REGISTERED OFFICE:

Unit 116 Imperial Court

Exchange Street East

Liverpool

Merseyside

L2 3AB

REGISTERED NUMBER:

11986297 (England and Wales)

SENIOR STATUTORY AUDITOR:

Janine Boyo BFP FCA MAAT

AUDITORS:

Voisey & Co LLP

8 Winmarleigh Street

Warrington

Cheshire

WA1 1JW

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

BUSINESS OVERVIEW

The Investigo Group is a market and innovation-led technology provider, working primarily with the public sector to solve complex requirements through platforms, software, technology services and training. The oldest company within the Group is now in its twelfth year of trading, with the wider Group having been established in 2019. It comprises a number of distinctive brands, each recognised within its respective customer base and market.

The Group's head office remains in Liverpool, Merseyside, serving as the central hub for the Group companies, supported by a growing presence across the UK and Europe. The Group continues to employ a dedicated, vetted and skilled team of professionals.

The business has continued to develop through a strong understanding of customer requirements, combining this knowledge with innovation and a continued focus on delivering high levels of customer service. During 2025, further progress has been made in strengthening the Group's capabilities, operational structure and service offering to support its longer-term objectives.

REVIEW OF BUSINESS

The directors are pleased to report that the financial year ended 31 December 2025 represented another year of positive progress for The Investigo Group.

The directors felt it was important due to recent growth, to focus on consolidating the management structure and internal operational processes in 2025, investing in it's people and making key appointments such as a new CFO to build on the existing foundation and ensure future development.

Turnover for the year was £9.1m compared with £9.5m in 2024, and whilst this is a slight reduction, the directors remain satisfied with the continued development of the Group's activities and its established customer relationships. The directors remain focused on achieving sustainable and profitable growth while maintaining an appropriate balance between investment, operational capacity and commercial risk.

The Group maintained a sound financial position during the year, with shareholder funds of £3.07m at 31 December 2025 compared with £3.6m in the previous year. This position provides the Group with a stable platform from which to continue investing in its people, technology, products and wider growth initiatives.

The directors have continued to focus on corporate governance and operational management as the Group has developed. During 2025, further progress was made in refining internal processes, management information and reporting structures. The Group has continued to develop and deploy proprietary and bespoke software solutions to support operational oversight, compliance management and visibility of key performance information.

Investment in people remains an important part of the Group's strategy. Throughout 2025, the Group continued to invest in staff training, development and performance management, alongside initiatives designed to further embed the Group's values and culture. This work has supported greater consistency across the Group and helped ensure that employees remain aligned with its strategic objectives and operational standards.

The Group has also continued to develop its organisational structure and internal capabilities to ensure that these remain appropriate for the scale and complexity of the business. This has included further development of management structures, operational processes and the resources required to support future growth.

The Board remains encouraged by the Group's progress and believes that the business enters 2026 from a strong and increasingly mature position. The focus will remain on developing existing customer relationships, delivering against established strategic plans and pursuing appropriate opportunities for further sustainable growth.

FUTURE DEVELOPMENTS

As the Group moves into 2026, it will continue to invest in the training and development of its workforce, building upon the initiatives undertaken during 2025. The Group will continue to reinforce its values and principles across the organisation, with the aim of maintaining a consistent culture and shared approach as the business develops.

Sustainable and profitable growth remains a key strategic priority.

The Group expects to continue developing its service portfolio and product capabilities in response to customer requirements and changing market conditions. This will include the continued development of existing services alongside selected new products and solutions where the directors believe there is a clear commercial opportunity.

Investment in technology will remain an important area of focus. The Group intends to continue using technology to improve operational efficiency, strengthen its internal capabilities and enhance the services provided to customers.

The Group will also continue to develop its presence across its existing markets and seek opportunities to broaden its customer and revenue base, while maintaining an appropriate approach to commercial and operational risk.

Alongside investment in future growth, the directors will maintain a disciplined approach to cash management and the Group's overall financial position. Maintaining appropriate cash reserves and financial capacity will provide the flexibility required to support continued investment in people, technology, products and services.

The Board believes that the progress made during 2025 provides a sound foundation for the next stage of the Group's development and remains confident in its ability to deliver sustainable long-term growth.

KEY PERFORMANCE INDICATORS

The directors monitor progress with reference to the following key performance indicators:

2025

2024

Definition and method of calculation

Gross Profit as a % of turnover

89.8%

82.8%

Profit before administration and exceptional costs.

Liquidity ratio

1.28

1.64

Current assets divided by current liabilities.

Net profit as a % of turnover

16.35%

30.37%

Profit before taxation

Environmental

78%

76%

Virtual meetings held to reduce pollution

Employee numbers

83

70

Full time PAYE employees

PRINCIPAL RISKS AND UNCERTAINTIES

The following are the principal risks identified by the directors and the measures taken to address them.

People

The recruitment and retention of high-calibre personnel remains a strategic priority for the Group. To address this, The Investigo Group has established comprehensive recruitment and retention policies, centrally managed to ensure competitiveness in attracting top talent. The Group places strong emphasis on nurturing internal talent and aligning new hires with its core values, thereby supporting long-term employee engagement and retention.

IT Security

Recognising the critical importance of software and data security, The Investigo Group has significantly increased investment in this area. The Group operates a Management System in accordance with ISO 27001, and continues to enhance its capabilities to ensure robust compliance and performance. Additional resources have been allocated to the software development function, including recruitment and training, to strengthen internal expertise and resilience.

Performance

The Group is committed to maintaining the highest standards of operational excellence. Procedures and systems are subject to continuous review to ensure quality and efficiency. The Investigo Group undergoes regular audits to verify compliance. Ongoing investment in management systems supports effective governance, with clear lines of responsibility, accountability, and operational transparency across all business units.

Financial

The Group's principal financial liabilities comprise trade creditors and accruals, while its key financial assets include bank balances and trade receivables. These are actively managed by the directors to ensure liquidity and the ability to meet operational obligations. Financial assets and liabilities are presented at fair value, net of provisions for doubtful debts, in accordance with applicable accounting standards.

POST BALANCE SHEET EVENTS

Directors confirm that there are no post balance sheet events which have affected or are effecting the company and subsidiary undertakings.

RESEARCH AND DEVELOPMENT ACTIVITIES

The Investigo Group continues to invest in research and development activities as part of its commitment to innovation and the ongoing development of its technology capabilities. During 2025, the Group continued to develop and enhance proprietary software solutions, data-led platforms and automation tools designed to improve operational efficiency and support the services provided to clients.

Research and development activity during the year focused on the continued improvement of existing technologies, alongside the evaluation and adoption of emerging technologies where these could provide practical benefits to the Group and its customers. This included further development of system architecture, functionality, security and user experience across the Group's products and services.

The Group continues to take a structured and collaborative approach to development, bringing together technical, operational and commercial teams where appropriate to identify requirements and support the design, testing and implementation of new and enhanced capabilities.

Investment in research and development remains aligned with the Group's wider strategic objectives, particularly around scalability, resilience, security and operational efficiency. The directors expect continued investment in these areas to support the ongoing development of the Group's products, services and internal capabilities as the business grows.

FINANCIAL RISK MANAGEMENT OBJECTIVES & POLICIES

The Investigo Group and its subsidiary undertakings are exposed to a range of financial risks in the normal course of business, including price risk, credit risk, liquidity risk, and cash flow risk. The Group actively monitors and manages these exposures through robust financial controls and governance frameworks. Price risk is mitigated through careful supplier and contract management, while credit risk is managed by assessing the creditworthiness of counterparties and maintaining appropriate provisions for doubtful debts. Liquidity risk is addressed through regular cash flow forecasting and the maintenance of adequate banking facilities to ensure the Group can meet its short- and long-term obligations. Cash flow risk is managed by closely monitoring operational performance and working capital requirements to ensure financial stability and flexibility across the Group.

ON BEHALF OF THE BOARD:

S D Rogers - Director

17 September 2026

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

PRINCIPAL ACTIVITIES

The principal activities of the group in the year under review were those of software sales, training and consultancy.

DIVIDENDS

An interim dividend of £2880 per share was paid on the Ordinary B 0.01p shares on 31 December 2025. No dividends were paid on any other classes of shares.

The total distribution of dividends for the year ended 31 December 2025 will be £ 1,728,000 .

DIRECTORS

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

C Powell

M Bowler

S Manning

C M Newton

M D Stagg

S Barber

Other changes in directors holding office are as follows:

S D Rogers - appointed 23 June 2025

DISCLOSURE IN THE STRATEGIC REPORT

As permitted by the Large and Medium Sized Companies and Groups (Accounts and Reports) Regulation 2008, certain matters which are required to be disclosed in the Directors' report have been omitted as they are included in the Strategic Report. These matters relate to future developments, post balance sheet events, research & development activities and financial risk management.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The director is responsible for preparing the Group Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

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

- select suitable accounting policies and then apply them consistently;

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

AUDITORS

The auditors, Voisey & Co LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

S D Rogers - Director

17 September 2026

Opinion

We have audited the financial statements of The Investigo Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated 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 group's and of the parent company affairs as at 31 December 2025 and of the group's profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

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

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

Other information

The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

-	the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

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

Matters on which we are required to report by exception

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

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

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

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

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

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

Responsibilities of directors

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

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

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

1 - We enquired of management and those charged with governance about actual and potential litigation and claims, including review of relevant nominal ledger accounts.

2 - We obtained an understanding of laws, regulations and guidance that affect the Group and subsidiaries, focusing on those that had a direct effect on the financial statements or that had a fundamental effect on its operations. Key laws, regulations and guidance that we identified included the Companies Act 2006, employment legislation, the Official Secrets Act 1911, the Telecommunications Act 1984, The Computer Misuse Act 1990 & UK General Data Protection Regulation (UK GDPR) Act 2018.

3 - We enquired of management and those charged with governance to identify any instances of non-compliance with laws and regulations.

4 - We reviewed the Group and subsidiary company's financial statement disclosures and agreed to supporting documentation to assess compliance with the applicable laws and regulations discussed above.

5 - We gained an understanding of the controls that the Directors have in place to prevent and detect fraud. We enquired of the Directors about any incidences of fraud that had taken place during the accounting period.

6 - The risk of fraud and non-compliance with laws and regulations was discussed within the audit team and tests were planned and performed to address these risks.

7 - In addressing the risk of fraud due to management override of controls, we performed testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.

8 - We also challenge management assumptions with regard to accounting estimates at both the Group and subsidiary company level.

Despite appropriate planning and performing our work in accordance with International Auditing Standards, there are always inherent limitations that non-compliance is not detected. Non-compliance with laws and regulations is often further removed from the events and transactions reflected in the financial statements and material misstatements due to fraud can be deliberately concealed from auditors, for example through misrepresentation, forgery 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 Report of the Auditors. This description forms part of our Report of the Auditors.

In addition to the above, the auditors responsibilities are:

- To obtain sufficient appropriate audit evidence regarding the financial information of the entities within the group to express an opinion on the group financial statements;

- the auditor is responsible for the direction, supervision and performance of the group audit; and

- the auditor remains solely responsible for the auditor's opinion.

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.

Janine Boyo BFP FCA MAAT (Senior Statutory Auditor)

for and on behalf of Voisey & Co LLP

8 Winmarleigh Street

Warrington

Cheshire

WA1 1JW

17 September 2026

TURNOVER

3

9,134,991

9,504,450

Cost of sales

(932,732

)

(1,635,621

)

GROSS PROFIT

8,202,259

7,868,829

Administrative expenses

(6,855,671

)

(5,147,084

)

1,346,588

2,721,745

Other operating income

4

-

5,365

OPERATING PROFIT

6

1,346,588

2,727,110

Interest receivable and similar income

164,010

162,044

1,510,598

2,889,154

Interest payable and similar expenses

8

(16,965

)

(2,262

)

PROFIT BEFORE TAXATION

1,493,633

2,886,892

Tax on profit

9

(347,419

)

(532,878

)

PROFIT FOR THE FINANCIAL YEAR

1,146,214

2,354,014

Profit attributable to:

Owners of the parent

1,187,948

2,314,677

Non-controlling interests

(41,734

)

39,337

1,146,214

2,354,014

PROFIT FOR THE YEAR

1,146,214

2,354,014

OTHER COMPREHENSIVE INCOME

Transitional adjustments

-

(114,886

)

Income tax relating to other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

-

(114,886

)

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,146,214

2,239,128

Total comprehensive income attributable to:

Owners of the parent

1,146,214

2,239,128

FIXED ASSETS

Intangible assets

12

845,834

941,587

Tangible assets

13

619,841

271,648

Investments

14

-

-

1,465,675

1,213,235

CURRENT ASSETS

Debtors

15

4,164,405

1,894,152

Cash at bank

2,576,673

3,791,050

6,741,078

5,685,202

CREDITORS

Amounts falling due within one year

16

(5,271,982

)

(3,469,258

)

NET CURRENT ASSETS

1,469,096

2,215,944

TOTAL ASSETS LESS CURRENT LIABILITIES

2,934,771

3,429,179

PROVISIONS FOR LIABILITIES

18

(140,909

)

(53,531

)

NET ASSETS

2,793,862

3,375,648

CAPITAL AND RESERVES

Called up share capital

19

13

13

Retained earnings

20

3,073,470

3,613,522

SHAREHOLDERS' FUNDS

3,073,483

3,613,535

NON-CONTROLLING INTERESTS

21

(279,621

)

(237,887

)

TOTAL EQUITY

2,793,862

3,375,648

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2026 and were signed on its behalf by:

S D Rogers - Director

C M Newton - Director

FIXED ASSETS

Intangible assets

12

-

-

Tangible assets

13

-

-

Investments

14

2,513

2,513

2,513

2,513

CURRENT ASSETS

Debtors

15

2,997,005

2,581,520

Cash at bank

1,684,652

2,040,761

4,681,657

4,622,281

CREDITORS

Amounts falling due within one year

16

(1,261,597

)

(1,284,538

)

NET CURRENT ASSETS

3,420,060

3,337,743

TOTAL ASSETS LESS CURRENT LIABILITIES

3,422,573

3,340,256

CAPITAL AND RESERVES

Called up share capital

19

13

13

Retained earnings

20

3,422,560

3,340,243

SHAREHOLDERS' FUNDS

3,422,573

3,340,256

Company's profit for the financial year

1,810,317

1,941,204

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2026 and were signed on its behalf by:

S D Rogers - Director

C M Newton - Director

Called up

share

Retained

Non-controlling

Total

capital

earnings

Total

interests

equity

£

£

£

£

£

Balance at 1 January 2024

13

3,141,731

3,141,744

(138,144

)

3,003,600

Changes in equity

Dividends

-

(1,728,000

)

(1,728,000

)

-

(1,728,000

)

Total comprehensive income

-

2,199,791

2,199,791

-

2,199,791

13

3,613,522

3,613,535

(138,144

)

3,475,391

Non-controlling interest arising on business combination

-

-

-

(99,743

)

(99,743

)

Balance at 31 December 2024

13

3,613,522

3,613,535

(237,887

)

3,375,648

Changes in equity

Dividends

-

(1,728,000

)

(1,728,000

)

-

(1,728,000

)

Total comprehensive income

-

1,187,948

1,187,948

-

1,187,948

13

3,073,470

3,073,483

(237,887

)

2,835,596

Non-controlling interest arising on business combination

-

-

-

(41,734

)

(41,734

)

Balance at 31 December 2025

13

3,073,470

3,073,483

(279,621

)

2,793,862

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2024

13

3,127,039

3,127,052

Changes in equity

Dividends

-

(1,728,000

)

(1,728,000

)

Total comprehensive income

-

1,941,204

1,941,204

Balance at 31 December 2024

13

3,340,243

3,340,256

Changes in equity

Dividends

-

(1,728,000

)

(1,728,000

)

Total comprehensive income

-

1,810,317

1,810,317

Balance at 31 December 2025

13

3,422,560

3,422,573

Cash flows from operating activities

Cash generated from operations

1

1,796,910

2,319,053

Interest paid

(16,965

)

(2,262

)

Tax paid

(531,912

)

130,260

Net cash from operating activities

1,248,033

2,447,051

Cash flows from investing activities

Purchase of tangible fixed assets

(581,237

)

(210,562

)

Sale of tangible fixed assets

-

2,901

Acquisition in year

-

(1,003,250

)

Interest received

164,010

162,044

Net cash from investing activities

(417,227

)

(1,048,867

)

Cash flows from financing activities

Amount introduced by directors

610,617

657,471

Amount withdrawn by directors

(952,725

)

(757,549

)

Equity Paid Non-Controlling Interests

-

(139,080

)

Amounts Owed by Associates

74,000

12,000

Equity dividends paid

(1,728,000

)

(1,728,000

)

Net cash from financing activities

(1,996,108

)

(1,955,158

)

Decrease in cash and cash equivalents

(1,165,302

)

(556,974

)

Cash and cash equivalents at beginning of year

2

3,791,050

4,309,661

Effect of foreign exchange rate changes

(49,075

)

38,363

Cash and cash equivalents at end of year

2

2,576,673

3,791,050

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

2025

2024

£

£

Profit before taxation

1,493,633

2,886,892

Depreciation charges

329,309

247,751

Loss on disposal of fixed assets

-

69,331

Deferred income non cash transaction

-

(70,666

)

Wages non cash transaction

-

91,634

Fixed asset adjustment

(10,700

)

-

Finance costs

16,965

2,262

Finance income

(164,010

)

(162,044

)

1,665,197

3,065,160

Increase in trade and other debtors

(2,053,246

)

(126,797

)

Increase/(decrease) in trade and other creditors

2,184,959

(619,310

)

Cash generated from operations

1,796,910

2,319,053

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 December 2025

31.12.25

1.1.25

£

£

Cash and cash equivalents

2,576,673

3,791,050

Year ended 31 December 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

3,791,050

4,309,661

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.25

Cash flow

At 31.12.25

£

£

£

Net cash

Cash at bank

3,791,050

(1,214,377

)

2,576,673

3,791,050

(1,214,377

)

2,576,673

Total

3,791,050

(1,214,377

)

2,576,673