REGISTERED NUMBER: 05685790 (England and Wales)

Strategic Report, Report of the Director and

Financial Statements for the Year Ended 28 February 2026

for

C T Glass Limited

Page

Company Information

1

Strategic Report

2

Report of the Director

3

Report of the Independent Auditors

5

Statement of Income and Retained Earnings

9

Balance Sheet

10

Notes to the Financial Statements

11

DIRECTOR:

G Thirkell

SECRETARY:

G Thirkell

REGISTERED OFFICE:

Lower Lane

Off Wakefield Road

Bradford

West Yorkshire

BD4 8QR

REGISTERED NUMBER:

05685790 (England and Wales)

AUDITORS:

S&W Audit

Statutory Auditor

Chartered Accountants

3rd Floor

56 Wellington Street

Leeds

West Yorkshire

LS1 2EE

BANKERS:

The Cooperative Bank

41 Vicar Lane

Leeds

West Yorkshire

LS1 4HJ

The director presents his strategic report for the year ended 28 February 2026.

The Company's principal activity during the year continued to be that of shaping and processing of flat glass.

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

REVIEW OF BUSINESS

Turnover in 2026 of £10,422,323 was higher than 2025 turnover of £9,036,445. The company made a profit for the financial year of £140,349 compared to £398,255 as per the 2025 accounts. Reserves are also held by the company and were £1,761,393 at the end of 2026, having been £1,749,044 at the end of 2025.

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 higher in 2026 compared to 2025, as set out above.

Operating profit was £425,246 in 2026 compared to £681,364 due to an increase in administrative costs in the year.

FUTURE DEVELOPMENTS

The director intends to continue the strong performance of the business in these admittedly difficult trading conditions.

ON BEHALF OF THE BOARD:

G Thirkell - Director

23 June 2026

The director presents his report with the financial statements of the company for the year ended 28 February 2026.

DIVIDENDS

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

DIRECTOR

G Thirkell held office during the whole of the period from 1 March 2025 to the date of this report.

FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES

The Group 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, trade creditors, accruals and prepayments) arise directly from the Group's operations.

Transactions in financial instruments result in the Group assuming or transferring to another party one or more of the financial risks described to credit risk.

Credit risk

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

The Group 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.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the 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 of the profit or loss of the company 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;

-	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 transactions and disclose with reasonable accuracy at any time the financial position of the company 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 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 director is 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 he 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:

G Thirkell - Director

23 June 2026

Opinion

We have audited the financial statements of C T Glass Limited (the 'company') for the year ended 28 February 2026 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 28 February 2026 and of its profit for the year then ended;

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

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

Basis for opinion

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

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's 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 director with respect to going concern are described in the relevant sections of this report.

Other information

The other information included in the Strategic Report, Report of the Directors and Financial Statements, other than the financial statement and our auditor's report thereon. The directors are responsible for the other information contained within the Strategic Report, Report of the Directors and Financial Statements. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. 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 course of 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 the 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 Director 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 Director 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 Director.

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 director's remuneration specified by law are not made; or

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

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is 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 director determines 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 director is 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 director either intends to liquidate the company or to cease operations, or has 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.

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. The extend 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:

- 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 in respect of the preparation and presentation of the financial

statements.

- UK Taxation Law

- Specific industry standards

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 accounts

- Obtained written management representations regarding the adequacy of procedures in place.

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.

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

- Testing of manual journal entries, selected based on specific risk assessments applied based on the client

processes and controls surrounding manual journals; and

- Testing a sample of revenue transactions to underlying documentation, including ensuring revenue is

recognised in the correct period and has occurred

Overall, the senior statutory auditor was satisfied that the engagement team collectively had the appropriate

competence and capabilities to identify or recognise irregularities.

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 Barton BA (Hons) FCA CTA (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

23 June 2026

TURNOVER

4

10,422,323

9,036,445

Cost of sales

(7,857,432

)

(6,504,168

)

GROSS PROFIT

2,564,891

2,532,277

Administrative expenses

(2,146,430

)

(1,851,696

)

OPERATING PROFIT

6

418,461

680,581

Interest receivable and similar income

702

756

419,163

681,337

Interest payable and similar expenses

7

(167,376

)

(149,947

)

PROFIT BEFORE TAXATION

251,787

531,390

Tax on profit

8

(111,438

)

(133,135

)

PROFIT FOR THE FINANCIAL YEAR

140,349

398,255

Retained earnings at beginning of year

1,649,044

1,370,789

Dividends

9

(128,000

)

(120,000

)

RETAINED EARNINGS AT END OF YEAR

1,661,393

1,649,044

FIXED ASSETS

Intangible assets

10

-

-

Tangible assets

11

3,310,432

2,767,378

3,310,432

2,767,378

CURRENT ASSETS

Stocks

12

670,889

717,833

Debtors

13

1,976,195

1,760,970

Cash at bank and in hand

270,933

267,022

2,918,017

2,745,825

CREDITORS

Amounts falling due within one year

14

(2,008,292

)

(1,667,142

)

NET CURRENT ASSETS

909,725

1,078,683

TOTAL ASSETS LESS CURRENT LIABILITIES

4,220,157

3,846,061

CREDITORS

Amounts falling due after more than one year

15

(1,838,575

)

(1,588,266

)

PROVISIONS FOR LIABILITIES

19

(620,089

)

(508,651

)

NET ASSETS

1,761,493

1,749,144

CAPITAL AND RESERVES

Called up share capital

20

100

100

Capital redemption reserve

21

100,000

100,000

Retained earnings

21

1,661,393

1,649,044

SHAREHOLDERS' FUNDS

1,761,493

1,749,144

The financial statements were approved by the director and authorised for issue on 23 June 2026 and were signed by:

G Thirkell - Director

1.	GENERAL INFORMATION

C T Glass 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.

Financial Reporting Standard 102 - reduced disclosure 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 C T Glass Holdings Limited and so the Company's cash flows will be included within the consolidated statement of cash flows whoch will be included in those financial statements.

(ii) from financial instrument disclosures, required under FRS 102 paragraphs 11.39 to 11.48A and paragraphs 12.26 to 12.39, as the information is provided in the consolidated financial statement disclosures.

(iii) from disclosing transactions with members of the C T Glass Holdings Limited group as the Company is a wholly owned subsidiary of C T Glass Holdings Limited.

(iv) from disclosing key management personnel compensation.

Critical accounting judgements and key sources of estimation uncertainty

Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these key judgements and estimates have been made include depreciation.

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 at the point of delivery to the customer of the final product.

Interest income

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

Finance costs

Finance costs are charged to the profit and loss account over the term of the debt using the effective interest method so that the amount charged is at constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

10% Straight line

Fixtures and fittings

-

33% straight line

Motor vehicles

-

20% - 25% straight line

Tangible fixed assets under the cost model are stated at historic 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 manner 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.

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.

Stocks

Stocks and work-in-progress are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work-in-progress include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss recognised is immediately in the profit and loss account.

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, a the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term loan 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Foreign currencies

The presentation currency of these Financial Statements is Sterling.

Transactions in foreign currencies are translated to the Company's functional currency at the foreign exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are retranslated to the functional currency at the foreign exchange rate ruling at that date. Non-monetary assets and liabilities that are measured in terms of historical cost in foreign currency are translated using the exchange rate at the date of the transaction. Non-monetary assets and liabilities denominated in foreign currencies that are stated at fair value are retranslated to the functional currency at the foreign exchange rate ruling at the dates the fair value was determined. Foreign exchange differences arising on translation are recognised in the profit and loss account, except for differences arising on the retranslation of qualifying cash flow hedges and items which are fair valued with changes taken to other comprehensive income, which are recognised in other comprehensive income.

Debtors

Short term debtors are measured at transaction price, 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 readily convertible to known amounts of cash with significant risk of change in value.

Creditors

Short term creditors are measured at transaction price.

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 profit and loss account 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.

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 occur.

Leased assets

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the statement of income and retained earnings so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

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.

Defined contribution pension plan

The Group operates a defined contribution pension plan for its employees. A defined contribution plan is a pension plan under whoch the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group has no further obligations.

The contributions are recognised as an expenses in the profit and loss account when the fall due.

4.

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:

2026

2025

£

£

United Kingdom

10,422,323

9,036,445

10,422,323

9,036,445

5.	EMPLOYEES AND DIRECTORS

2026

2025

£

£

Wages and salaries

2,640,494

2,266,281

Social security and pension costs

318,851

214,938

Other pension costs

97,215

88,163

3,065,560

2,569,382

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

2026

2025

Production

Administration

73

71

2026

2025

£

£

Directors remuneration

15,331

12,583

Company contributions to defined contribution pension scheme

18,000

18,000

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

Defined contribution pension schemes

2026

2025

1

1

6.	OPERATING PROFIT

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

2026

2025

£

£

Hire of plant and machinery

57,204

51,694

Depreciation - owned assets

534,832

389,260

Profit on disposal of fixed assets

(553

)

-

Audit fees

11,100

10,500

7.

INTEREST PAYABLE AND SIMILAR EXPENSES

2026

2025

£

£

Loan

21,107

20,830

Other pension costs

146,269

129,117

167,376

149,947

8.

TAXATION

Analysis of the tax charge

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

2026

2025

£

£

Current tax:

UK corporation tax

-

(14,446

)

Deferred tax:

Deferred tax

62,553

147,581

Prior year deferred tax charge

48,885

-

Total deferred tax

111,438

147,581

Tax on profit

111,438

133,135

Reconciliation of total tax charge included in profit and loss

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

2026

2025

£

£

Profit before tax

251,787

531,390

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

62,947

132,848

Effects of:

Prior year deferred tax charge

48,885

-

Rounding

(394

)

287

Total tax charge

111,438

133,135

9.

DIVIDENDS

2026

2025

£

£

Ordinary shares of £1 each

128,000

120,000

10.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2025

and 28 February 2026

19,917

AMORTISATION

At 1 March 2025

and 28 February 2026

19,917

NET BOOK VALUE

At 28 February 2026

-

At 28 February 2025

-

11.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 March 2025

6,182,528

272,534

937,956

7,393,018

Additions

624,893

128,664

374,776

1,128,333

Disposals

-

-

(85,749

)

(85,749

)

At 28 February 2026

6,807,421

401,198

1,226,983

8,435,602

DEPRECIATION

At 1 March 2025

3,697,291

233,835

694,514

4,625,640

Charge for year

351,236

40,755

142,841

534,832

Eliminated on disposal

-

-

(35,302

)

(35,302

)

At 28 February 2026

4,048,527

274,590

802,053

5,125,170

NET BOOK VALUE

At 28 February 2026

2,758,894

126,608

424,930

3,310,432

At 28 February 2025

2,485,237

38,699

243,442

2,767,378

12.

STOCKS

2026

2025

£

£

Raw materials

632,332

684,742

Work-in-progress

38,557

33,091

670,889

717,833

13.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

1,849,474

1,648,295

Amounts owed by group undertakings

64,660

64,660

Other debtors

25,422

27,005

Tax

14,446

14,446

Prepayments and accrued income

22,193

6,564

1,976,195

1,760,970

14.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other loans (see note 16)

-

45,125

Hire purchase contracts (see note 17)

581,010

500,724

Trade creditors

683,760

467,808

Social security and other taxes

22,317

35,990

VAT

64,814

155,572

Other creditors

542,020

356,457

Accruals and deferred income

114,371

105,466

2,008,292

1,667,142

15.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts (see note 17)

1,838,575

1,588,266

16.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

£

Amounts falling due within one year or on demand:

Other loans

-

45,125

17.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2026

2025

£

£

Net obligations repayable:

Within one year

581,010

500,724

Between one and five years

1,838,575

1,588,266

2,419,585

2,088,990