REGISTERED NUMBER: 01454597 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 December 2025

for

Emsley Crane Hire Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Statement of Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Notes to the Financial Statements

12

DIRECTORS:

P H Emsley

J M Emsley

SECRETARY:

P H Emsley

REGISTERED OFFICE:

Claro Park

Claro Road

Harrogate

North Yorkshire

HG1 4BB

REGISTERED NUMBER:

01454597 (England and Wales)

AUDITORS:

S&W Audit

Statutory Auditor

Chartered Accountants

3rd Floor

56 Wellington Street

Leeds

West Yorkshire

LS1 2EE

BANKERS:

National Westminster Bank Plc

3 Cambridge Crescent

Harrogate

North Yorkshire

HG1 1PJ

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

INTRODUCTION

The Company's principal activity during the year continued to be that of craneage services.

There have not been any significant changes in the Company's activities in the year under review.

BUSINESS REVIEW

Turnover in 2025 of £10,679,090 was lower than 2024 turnover of £10,987,047. The Company made a profit for the financial year of £2,104,341 compared to £1,854,223 as per 2024. Reserves are also held by the Company and were £14,878,807 at the end of 2025, having been £15,579,344 at the end of 2024.

The business continues to perform at a high level and in line with management's expectations

PRINCIPAL RISKS AND UNCERTAINTIES

The key business risks and uncertainties affecting the Company are considered to relate to competition and the market forces within the industry.

FINANCIAL KEY PERFORMANCE INDICATORS

Financial performance is measured by turnover and operating profit. Turnover was lower in 2025 compared to 2024, as set out above.

Operating profit was £2,272,114 in 2025 compared to £2,143,895 in 2024 due to a decrease in administrative costs for the year.

FUTURE DEVELOPMENTS

The directors intentions are to continue the strong performance of the business in these admittedly difficult trading conditions.

ON BEHALF OF THE BOARD:

P H Emsley - Secretary

18 September 2026

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

DIVIDENDS

The dividends declared for the year were £2,804,878 (2024: £3,048,780).

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 H Emsley

J M Emsley

RESULTS AND DIVIDENDS

The profit for the year, after taxation, amounted to £2,104,341 (2024: £1,854,223).

Particulars of dividends paid are detailed in the notes to the financial statements.

FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES

The Company holds or issues financial instruments in order to achieve three main objectives, being:

(a) to finance its operations;

(b) to manage its exposure to interest and currency risks arising from its operations and from its sources of finance; and

(c) for trading purposes.

In addition, various financial instruments (e.g. trade debtors and trade creditors) arise directly from the Company's operations.

Transactions in financial instruments result in the Company assuming or transferring to another party one or more of the financial risks described below.

Credit Risk

The Company monitors credit risk closely and considers that its current policies of credit checks meets its objectives of managing exposure to credit risk.

The Company has no significant concentrations of credit risk. Amounts shown in the balance sheet best represent the maximum credit risk exposure in the event other parties fail to perform their obligations under financial instruments.

MATTERS COVERED IN THE STRATEGIC REPORT

Disclosures with regards to review of the business, principle risks and uncertainties, financial key performance indicators and future developments are included in the strategic report.

DIRECTORS' RESPONSIBILITIES STATEMENT

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

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

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

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

- 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.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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, S&W Audit (a trading name of S&W Partners Audit Limited), will be proposed for re-appointment at the forthcoming Annual General Meeting in accordance with section 485 of the Companies Act 2006.

ON BEHALF OF THE BOARD:

P H Emsley - Secretary

18 September 2026

Opinion

We have audited the financial statements of Emsley Crane Hire 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 auditor's report thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any other 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 Directors' Responsibilities Statement 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 an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

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

We obtained a general understanding of the Company's legal and regulatory framework through enquiry of management concerning their understanding of relevant laws and regulations, the entity's policies and procedures regarding compliance, and how they identify, evaluate and account for litigation claims. We also drew on our existing understanding of the Company's industry and regulation.

We understand that the Company complies with the framework through:

- Outsourcing accounts preparation and tax compliance to external experts.

- Subscribing to relevant updates from external experts, and making changes to internal procedures and controls as necessary.

- The Directors' close involvement in the day-to-day running of the business, meaning that any litigation or claims would come to their attention directly.

In the context of the audit, we considered those laws and regulations which determine the form and content of the financial statements, which are central to the Company's ability to conduct its business, and/or where there is a risk that failure to comply could result in material penalties. We identified the following laws and regulations as being of significance in the context of the Company:

- The Companies Act 2006 and FRS 102 1A in respect of the preparation and presentation of the financial statements.

- UK Taxation Law

- Health and safety regulations

We performed the following specific procedures to gain evidence about compliance with the significant laws and regulations identified above:

- Made enquiries of management regarding compliance with laws and regulations and any known non-compliance in the year

- Reviewed legal expense nominal accounts

The senior statutory auditor led a discussion with senior members of the engagement team regarding the susceptibility of the entity's financial statements to material misstatement, including how fraud might occur. The areas identified in this discussion were:

- Manipulation of the financial statements, especially revenue, via fraudulent manual journal entries.

- Incorrect recognition of revenue across the year-end cut-off period

The procedures we carried out to gain evidence in the above areas included:

- Testing of manual journal entries, selected based on specific risk factors applied based on the processes and controls surrounding manual journals; and

- Testing a sample of revenue transactions over the cut-off period to underlying documentation, including ensuring revenue is recognised in the correct period.

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 auditor's report.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Christopher Vaulks (Senior Statutory Auditor)

for and on behalf of S&W Audit

Statutory Auditor

Chartered Accountants

3rd Floor

56 Wellington Street

Leeds

West Yorkshire

LS1 2EE

21 September 2026

TURNOVER

5

10,679,090

10,987,047

Cost of sales

(6,118,301

)

(6,043,370

)

GROSS PROFIT

4,560,789

4,943,677

Administrative expenses

(2,303,254

)

(2,813,515

)

2,257,535

2,130,162

Other operating income

6

14,579

13,733

OPERATING PROFIT

8

2,272,114

2,143,895

Interest receivable and similar income

9

385,891

467,966

2,658,005

2,611,861

Interest payable and similar expenses

10

-

(1,485

)

PROFIT BEFORE TAXATION

2,658,005

2,610,376

Tax on profit

11

(553,664

)

(756,153

)

PROFIT FOR THE FINANCIAL YEAR

2,104,341

1,854,223

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

2,104,341

1,854,223

FIXED ASSETS

Tangible assets

13

4,058,896

4,212,466

CURRENT ASSETS

Stocks

14

451,523

533,000

Debtors

15

2,687,059

2,546,804

Cash at bank and in hand

12,659,913

12,636,214

15,798,495

15,716,018

CREDITORS

Amounts falling due within one year

16

(4,264,083

)

(3,592,458

)

NET CURRENT ASSETS

11,534,412

12,123,560

TOTAL ASSETS LESS CURRENT LIABILITIES

15,593,308

16,336,026

PROVISIONS FOR LIABILITIES

17

(614,501

)

(656,682

)

NET ASSETS

14,978,807

15,679,344

CAPITAL AND RESERVES

Called up share capital

18

100,000

100,000

Retained earnings

14,878,807

15,579,344

SHAREHOLDERS' FUNDS

14,978,807

15,679,344

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2026 and were signed on its behalf by:

J M Emsley - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2024

100,000

16,773,901

16,873,901

Changes in equity

Dividends

-

(3,048,780

)

(3,048,780

)

Total comprehensive income

-

1,854,223

1,854,223

Balance at 31 December 2024

100,000

15,579,344

15,679,344

Changes in equity

Dividends

-

(2,804,878

)

(2,804,878

)

Total comprehensive income

-

2,104,341

2,104,341

Balance at 31 December 2025

100,000

14,878,807

14,978,807

1.	STATUTORY INFORMATION

Emsley Crane Hire 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Going concern

The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information in making their assessment. Based on these assessments, given the measures that could be undertaken to mitigate the current conditions, and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

An important factor in making this assessment is the strength of the company's financial position and performance, with continued profitability, significant cash reserves of £12.6m, no external bank debt, and a healthy net current assets position. This ensures the company has the ability to react and be resilient, even in the event of a downturn in trading due to competitive or other forces.

Exemptions

FRS 102 allows a qualifying entity certain disclosure exemptions, subject to certain conditions, which have been complied with, including notification of, and no objection to, the use of exemptions by the Company's members.

The Company has taken advantage of the following exemptions:

(i) from preparing a statement of cash flows, on the basis that it is a qualifying entity and the Company's results will be included within the consolidated financial statements of Emsley Brothers Limited and so the Company's cash flows will be included within the consolidated statement of cash flows which will be included in those financial statements.

(ii) from the financial instrument disclosures, required under FRS 102 paragraphs 11.39 to 11.48A and paragraphs 12.26 to 12.29, as the information is provided in the consolidated financial statement disclosures.

(iii) from disclosing transactions with members of the Emsley Brothers Limited group as the Company is a wholly owned subsidiary of Emsley Brothers Limited.

(iv) from disclosing the compensation for key management personnel.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised based on the period of provision of hire of the cranes and associated services to the customer.

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

Motor vehicles

-

25% on reducing balance

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manor intended by management.

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are in the profit and loss account.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Impairment of fixed assets

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the assets carrying amount exceeds its recoverable amount.

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.

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.

Interest income

Interest income is recognised in the profit and loss account in the period in which it is receivable.

Dividends

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

Debtors

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

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Short term creditors are measured at the transaction price.

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 non-puttable ordinary shares.

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

Employee benefits

Short term employee benefits, including holiday pay and other similar non-monetary benefits, are recognised as an expense in the period in which they are incurred.

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the statement of comprehensive income in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

4.	CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

There are no critical accounting judgements within these financial statements.

5.

TURNOVER

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

An analysis of turnover by geographical market is given below:

2025

2024

£

£

United Kingdom

10,679,090

10,987,047

10,679,090

10,987,047

6.	OTHER OPERATING INCOME

2025

2024

£

£

Management charges receivable

14,579

13,733

7.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

3,453,383

3,453,942

Social security costs

391,515

322,486

Other pension costs

65,397

65,598

3,910,295

3,842,026

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

2025

2024

Number of administrative staff

5

5

Number of crane operatives

56

56

61

61

Total Directors remuneration

31/12/25

31/12/24

£

£

Directors' remuneration

141,900

91,370

141,900

91,370

.

8.	OPERATING PROFIT

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

2025

2024

£

£

Depreciation - owned assets

1,121,222

1,549,417

Profit on disposal of fixed assets

(175,167

)

(57,043

)

Auditors' remuneration

17,000

14,000

Defined contribution pension costs

65,397

65,598

Non audit fees are disclosed on a group basis in the consolidated accounts of Emsley Brothers Limited.

9.

INTEREST RECEIVABLE AND SIMILAR INCOME

2025

2024

£

£

Bank interest receivable

385,891

447,882

Other interest receivable

-

20,084

385,891

467,966

10.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Other interest - overdue tax

-

1,485

11.

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

595,845

912,607

Deferred tax

(42,181

)

(156,454

)

Tax on profit

553,664

756,153

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

Reconciliation of total tax charge included in profit and loss

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

2025

2024

£

£

Profit before tax

2,658,005

2,610,376

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

664,501

652,594

Effects of:

Deferred tax in respect of prior year adjustment

-

103,559

Fixed asset differences

(16,418

)

-

Deferred tax timing differences

(100,807

)

-

Other differences

6,388

-

Total tax charge

553,664

756,153

12.

DIVIDENDS

2025

2024

£

£

Ordinary shares of £1 each

Dividends paid on ordinary

shares

2,804,878

3,048,780

2,804,878

3,048,780

13.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2025

25,751,938

623,140

26,375,078

Additions

904,390

95,540

999,930

Disposals

(2,075,594

)

-

(2,075,594

)

At 31 December 2025

24,580,734

718,680

25,299,414

DEPRECIATION

At 1 January 2025

21,672,355

490,257

22,162,612

Charge for year

1,075,681

45,541

1,121,222

Eliminated on disposal

(2,043,316

)

-

(2,043,316

)

At 31 December 2025

20,704,720

535,798

21,240,518

NET BOOK VALUE

At 31 December 2025

3,876,014

182,882

4,058,896

At 31 December 2024

4,079,583

132,883

4,212,466

14.

STOCKS

2025

2024

£

£

Stocks

451,523

533,000

Stocks are stated after provisions for impairment of £nil (2024 £nil)

15.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,196,424

2,280,974

Other debtors

50,000

-

Directors' loan accounts

-

10,200

VAT

171,250

-

Prepayments

269,385

255,630

2,687,059

2,546,804

Trade debtors include a provision for doubtful debts of £27,701 (2024 £23,256)

16.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

283,660

115,610

Amounts owed to group undertakings

2,525,206

2,020,328

Corporation tax

456,842

609,112

Social security and other taxes

60,899

72,187

VAT

-

49,677

Other creditors

906,265

703,581

Accruals and deferred income

31,211

21,963

4,264,083

3,592,458

Amounts owed to group undertakings are unsecured, have no fixed repayment date and are interest free.

Other creditors includes £863,088 (2024 £660,726) due to P&J Properties (Yorkshire) Limited, an associated company, see note 22. These amounts are unsecured, have no fixed repayment date and are interest free.

17.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

614,501

656,682

Deferred

tax

£

Balance at 1 January 2025

656,682

Provided during year

(42,181

)

Balance at 31 December 2025

614,501