REGISTERED NUMBER: 02772805 (England and Wales)

Ideal Building Systems Limited

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 December 2025

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

5

Statement of Comprehensive Income

8

Balance Sheet

9

Statement of Changes in Equity

10

Notes to the Financial Statements

11

DIRECTORS:

P R Coates

M R Laverack

C C Murray

REGISTERED OFFICE:

Ideal Building Systems Limited

Lancaster Road

Carnaby Industrial Estate

Bridlington

East Yorkshire

YO15 3QY

REGISTERED NUMBER:

02772805 (England and Wales)

AUDITORS:

Smailes Goldie

Chartered Accountants

Statutory Auditor

Regent's Court

Princess Street

Hull

East Yorkshire HU2 8BA

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

REVIEW OF BUSINESS

The results for the year and financial position of the Company are as shown in the accompanying financial statements.

The Directors are pleased with the Company's excellent performance during the year, which continues to build on the strong foundations laid in previous years. Revenue increased during the year as project activity strengthened, whilst continued investment in the production facility and efficiencies in the manufacturing process contributed to a further improvement in operating profit.

The Company remains debt free and has robust cash reserves.

The Company currently has secured revenue (orders and intents) for its full manufacturing capacity for the next financial year (ending December 2026), with some contracts extending well into the year ending December 2027.

The Company continues to be fully engaged in integrating innovative, eco-friendly practices into its operations and building processes, ensuring that it contributes positively to the environment and helps drive the transition to a low-carbon economy.

Ideal Building Systems Limited is committed to achieving Net Zero emissions by 2050 and has adopted carbon reduction targets for its direct emissions which align with those of the NHS.

PRINCIPAL RISKS AND UNCERTAINTIES

Material Supplies

Material availability remained generally stable throughout the year; however, financial pressures within the wider construction supply chain continue to require careful management. The Company continues to mitigate these risks through strong supplier relationships, strategic procurement and its ability, supported by strong cash reserves and significant storage capacity, to purchase materials in bulk and maintain appropriate stock levels. This approach provides resilience against potential supply chain disruption while enabling the Company to benefit from favourable purchasing terms.

Staff

Attracting and retaining quality staff remains a priority for the Company. We continue to invest in staff training, development and welfare and have further enhanced our employee benefits package to support employee wellbeing, engagement and retention. These initiatives, together with continued investment in our HR function and workplace facilities, help to ensure the Company remains an employer of choice and is well positioned to attract and retain the skilled workforce required to support future growth.

Market Demand and Competition

Whilst demand for high-quality offsite construction remains positive in the longer term, competition within the modular construction sector remains strong. The Company continues to differentiate itself through high-quality manufacturing, financial stability, ongoing investment in production efficiency and the delivery of a professional, reliable and financially competitive service to its clients.

Health and Safety

Maintaining a safe working environment remains a key priority for the Company. The Company continues to invest in employee training, safe working practices and the continual improvement of its manufacturing processes to minimise health and safety risks. A strong health and safety culture is promoted throughout the organisation, with employees and Directors sharing responsibility for maintaining safe working practices and ensuring compliance with all relevant legislation.

Regulatory and Sustainability Requirements

The Company continues to monitor developments in building safety legislation, environmental regulation and sustainability requirements. Ongoing investment in compliance, manufacturing processes and carbon reduction initiatives ensures the Company remains well positioned to meet customer expectations, support its Net Zero objectives and comply with future regulatory requirements.

KPI'S

The company's key performance indicators are:

2025

2024

Revenue

28,690,523

25,493,533

Revenue growth

12.54%

-22.24%

Operating profit

2,350,172

2,399,821

Operating profit margin

8.19%

9.41%

ON BEHALF OF THE BOARD:

P R Coates - Director

3 August 2026

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the manufacture of prefabricated buildings.

DIVIDENDS

The total distribution of dividends for the year ended 31st December 2025 was £1,000,000 (2024: £1,000,000).

DIRECTORS

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

P R Coates

M R Laverack

C C Murray

Other changes in directors holding office are as follows:

P E Benmasaud resigned from office on 28th February 2026

GOING CONCERN

The directors have considered the Company's forecasts for the period to December 2027, together with the Company's strong cash position, confirmed order book, and ongoing trading performance. Based on this assessment, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for a period of at least 24 months from the date of approval of these financial statements. Accordingly, the financial statements have been prepared on a going concern basis.

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;

-	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, Smailes Goldie, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

P R Coates - Director

3 August 2026

Opinion

We have audited the financial statements of Ideal Building Systems 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 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 approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including United Kingdom Accounting Standards (FRS102), the Companies Act 2006 and relevant tax legislation We also considered those laws and regulations which may have a material indirect effect on the financial statements, or operations of the company including those relating to data protection, anti-bribery, employment, environmental and health and safety legislation. An understanding of these laws and regulations and the extent of compliance was obtained through discussion with management and inspecting legal and regulatory correspondence.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by making enquiries of management and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

-

performed analytical procedures to identify any unusual or unexpected relationships;

-

tested journal entries to identify unusual transactions;

-

assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and

-

investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

-

agreeing financial statement disclosures to underlying supporting documentation;

-

enquiring of management as to actual and potential litigation and claims; and

-

reviewing correspondence with relevant regulators and the company's legal advisors.

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 Fox FCCA (Senior Statutory Auditor)

for and on behalf of Smailes Goldie

Chartered Accountants

Statutory Auditor

Regent's Court

Princess Street

Hull

East Yorkshire HU2 8BA

3 August 2026

TURNOVER

28,690,523

25,493,533

Cost of sales

21,045,074

17,035,208

GROSS PROFIT

7,645,449

8,458,325

Administrative expenses

5,325,835

6,085,127

2,319,614

2,373,198

Other operating income

30,558

26,623

OPERATING PROFIT

4

2,350,172

2,399,821

Income from shares in group undertakings

140,000

140,000

Interest receivable and similar income

492,422

426,667

632,422

566,667

2,982,594

2,966,488

Gain on revaluation of

investments

76,855

71,738

3,059,449

3,038,226

Interest payable and similar expenses

5

54,444

50,853

PROFIT BEFORE TAXATION

3,005,005

2,987,373

Tax on profit

6

670,414

665,796

PROFIT FOR THE FINANCIAL YEAR

2,334,591

2,321,577

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

2,334,591

2,321,577

FIXED ASSETS

Intangible assets

8

-

-

Tangible assets

9

1,035,257

956,859

Investments

10

1,235,687

1,149,875

2,270,944

2,106,734

CURRENT ASSETS

Stocks

11

2,424,551

945,006

Debtors

12

6,591,447

7,965,364

Cash at bank and in hand

11,001,273

11,028,149

20,017,271

19,938,519

CREDITORS

Amounts falling due within one year

13

6,516,632

7,568,682

NET CURRENT ASSETS

13,500,639

12,369,837

TOTAL ASSETS LESS CURRENT LIABILITIES

15,771,583

14,476,571

CREDITORS

Amounts falling due after more than one year

14

-

(54,347

)

PROVISIONS FOR LIABILITIES

16

(160,933

)

(146,165

)

NET ASSETS

15,610,650

14,276,059

CAPITAL AND RESERVES

Called up share capital

17

10,000

10,000

Revaluation reserve

18

189,540

189,540

Retained earnings

18

15,411,110

14,076,519

SHAREHOLDERS' FUNDS

15,610,650

14,276,059

The financial statements were approved by the Board of Directors and authorised for issue on 3 August 2026 and were signed on its behalf by:

P R Coates - Director

M R Laverack - Director

C C Murray - Director

Called up

share

Retained

Revaluation

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 January 2024

10,000

12,754,942

189,540

12,954,482

Changes in equity

Dividends

-

(1,000,000

)

-

(1,000,000

)

Total comprehensive income

-

2,321,577

-

2,321,577

Balance at 31 December 2024

10,000

14,076,519

189,540

14,276,059

Changes in equity

Dividends

-

(1,000,000

)

-

(1,000,000

)

Total comprehensive income

-

2,334,591

-

2,334,591

Balance at 31 December 2025

10,000

15,411,110

189,540

15,610,650

1.	STATUTORY INFORMATION

Ideal Building Systems Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Financial Reporting Standard 102 - reduced disclosure exemptions

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

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirement of paragraph 3.17(d);

•

the requirement of paragraph 33.7.

Preparation of consolidated financial statements

The financial statements contain information about Ideal Building Systems Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Ideal Building Systems Holdings Limited, whose registered office is: Lancaster Road, Carnaby Industrial Estate, Bridlington, North Yorkshire, YO15 3QY.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of prefabricated units is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Construction contracts

When the outcome of a construction contact can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to costs incurred to date and estimated costs to complete.

Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recoverable.

When it is probable that contact costs will exceed the total contact turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

Interest and other income

Interest income is recognised using the effective interest method.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1993, was amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Leasehold improvements

- 20% on cost

Plant and machinery etc

- 15% on cost and 15% on reducing balance

Motor vehicles

- 25% on cost and 25% on reducing balance

Computer equipment

- 20% on cost and 15% on reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Long term contracts are stated at cost net of amounts transferred to cost of sales less any foreseeable losses and progress payments receivable, not matched with turnover. Cost consists of direct materials, direct labour and appropriate related overheads.

Profit on long term contracts is recognised when the outcome of contracts can be assessed with reasonable certainty and is that amount which is estimated to fairly reflect the profit arising up to the accounting date. Profit on long term contracts is recognised in the profit and loss account as the difference between the reported turnover and related costs.

Financial instruments

Other financial assets, including fixed asset investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price.

Such assets are subsequently carried at fair value and the changes in fair value are recognised in the Statement of Comprehensive Income.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Hire purchase and leasing commitments

Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Employee benefits

When employees have rendered service to the company, short term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operated a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and are receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Investments

Other investments are measured at cost less impairment.

3.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

4,066,618

3,629,132

Social security costs

460,452

358,860

Other pension costs

185,194

149,236

4,712,264

4,137,228

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

2025

2024

Management

4

4

Direct and administration

73

65

77

69

2025

2024

£

£

Directors' remuneration

134,825

122,154

4.	OPERATING PROFIT

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

2025

2024

£

£

Depreciation - owned assets

329,333

265,271

Depreciation - assets on hire purchase contracts

-

37,333

(Profit)/loss on disposal of fixed assets

(18,434

)

39,583

Auditors' remuneration

20,425

29,806

Operating lease payments

167,780

75,301

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Other interest

52,824

47,426

Hire purchase

1,620

3,427

54,444

50,853

6.

TAXATION

Analysis of the tax charge

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

2025

2024

£

£

Current tax:

UK corporation tax

695,861

753,315

Adjustment in respect of previous periods

(40,215

)

(40,346

)

Total current tax

655,646

712,969

Deferred tax

14,768

(47,173

)

Tax on profit

670,414

665,796

Reconciliation of total tax charge included in profit and loss

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

2025

2024

£

£

Profit before tax

3,005,005

2,987,373

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

751,251

746,843

Effects of:

Expenses not deductible for tax purposes

19,927

12,234

Income not taxable for tax purposes

(41,335

)

(35,000

)

Adjustments to tax charge in respect of previous periods

(40,215

)

(40,346

)

periods

future rate

Unrealised (gains)/losses on unlisted investments

(19,214

)

(17,935

)

tax

Total tax charge

670,414

665,796

The standard rate of corporation tax in the UK for 2025 is 25% (2024: 25%).

The expected net reversal of deferred tax liabilities in 2026 is £34,097 this is due to the reversal of accelerated capital allowances.

There are unused capital losses at the year end of £170,690 (2024: £148,626).

7.

DIVIDENDS

2025

2024

£

£

Ordinary shares of £1 each

Interim

1,000,000

1,000,000

8.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

10,000

AMORTISATION

At 1 January 2025

and 31 December 2025

10,000

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

9.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

521,263

900,636

464,469

188,686

2,075,054

Additions

95,173

188,803

121,990

29,481

435,447

Disposals

-

(49,952

)

(103,721

)

(2,471

)

(156,144

)

At 31 December 2025

616,436

1,039,487

482,738

215,696

2,354,357

DEPRECIATION

At 1 January 2025

312,805

490,951

161,115

153,324

1,118,195

Charge for year

98,087

120,228

88,470

22,548

329,333

Eliminated on disposal

-

(49,952

)

(76,005

)

(2,471

)

(128,428

)

At 31 December 2025

410,892

561,227

173,580

173,401

1,319,100

NET BOOK VALUE

At 31 December 2025

205,544

478,260

309,158

42,295

1,035,257

At 31 December 2024

208,458

409,685

303,354

35,362

956,859

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2025

146,810

Transfer to ownership

(146,810

)

At 31 December 2025

-

DEPRECIATION

At 1 January 2025

18,354

Transfer to ownership

(18,354

)

At 31 December 2025

-

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

128,456