REGISTERED NUMBER: 00628227 (England and Wales)

GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

J. A. JEWITT

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

5

Consolidated Income Statement

8

Consolidated Other Comprehensive Income

9

Consolidated Balance Sheet

10

Company Balance Sheet

11

Consolidated Statement of Changes in Equity

12

Company Statement of Changes in Equity

13

Consolidated Cash Flow Statement

14

Notes to the Consolidated Cash Flow Statement

15

Notes to the Consolidated Financial Statements

16

DIRECTORS:

Mrs V Jewitt

Mr M D Jewitt

Mrs C J Jewitt

Mr W D Jewitt

SECRETARY:

Mrs V Jewitt

REGISTERED OFFICE:

Low House Farm

Middlestone Moor

Spennymoor

Co. Durham

DL16 7QD

REGISTERED NUMBER:

00628227 (England and Wales)

SENIOR STATUTORY AUDITOR:

Donald Adams FCA

AUDITORS:

Baines Jewitt Limited

Statutory Auditors

Spitfire House

19 Falcon Court

Preston Farm Industrial Estate

Stockton-on-Tees

TS18 3TU

The directors present their strategic report of the company and the group for the year ended 31 March 2026.

REVIEW OF BUSINESS

The results for the year and financial position of the group and company are shown in the annexed financial statements.

The group consists of J. A. Jewitt and its trading subsidiaries J. A. Jewitt (Meat) Limited and J. A. Jewitt (Farms) Limited.

J. A. Jewitt (Meat) Limited has reported turnover of £62,804,047 compared with £55,499,183 last year, gross profit was £4,101,494 compared with £3,556,435 and net profit for the year before taxation was £2,508,180 compared with £1,977,079.

J. A. Jewitt (Farms) Limited has reported turnover of £2,459,354 compared with £2,463,291 last year, gross profit was £176,403 compared with £63,113 and net profit for the year before taxation was £129,545 compared with net loss for the year before taxation in the prior year of (£12,626).

J. A. Jewitt received a dividend of £105,000 from J. A. Jewitt (Meat) Limited during the year and reported a profit for the financial year of £105,000.

The directors continue to carefully manage the working capital position and the group has no long term debt.

Given the issues faced by the company and the economy at large during the year the directors are very pleased with the performance of the group.

KEY PERFORMANCE INDICATORS (KPIs)

The consolidated figures for the group as a whole are shown below.

The directors make use of many performance indicators, both financial and non-financial, to monitor the group's performance. The two principal KPIs are turnover and profit before tax, which are fundamental to the future sustainable growth of the group:

2026

2025

£

£

Turnover (net of intercompany trading)

61,151,939

53,778,051

Profit before tax

2,637,726

2,058,186

PRINCIPAL RISKS AND UNCERTAINTIES

The directors are of the opinion that a thorough risk management process is adopted and they have set out below what they consider to be the principal risks facing the business:

Regulatory compliance

Due to the sectors in which the group operates there is a huge burden in relation to compliance with laws and regulations. The directors continue to take all steps necessary to minimise the risk to the business from non-compliance.

Economic climate

During times of economic instability there can often be more pronounced peaks and troughs in the market, which can result in difficulties in forecasting stock levels to cope with demand levels and maximise opportunities. To mitigate this risk the company works closely with its customers and suppliers to ensure demand is met and that the company is well positioned to respond to changes as and when they arise.

PRINCIPAL RISKS AND UNCERTAINTIES - (CONTINUED)

Competition

The market in which the company operates continues to be increasingly competitive and, as a result, there is constant pressure on prices and margins. We are subject to competition locally but this has been so for many years and more and will continue to be the case. However, we work closely with our customers to make their lives easy, taking time to understand their requirements and deliver bespoke solutions that seamlessly fit into their processes. The directors are always striving to maintain and promote customer service as well as monitoring the markets and the company's pricing to mitigate such risks.

Interest rate risk

Interest rate risk is the exposure to interest rate fluctuations on bank loans and overdrafts etc. The group does not have any such borrowings as it has been the directors' policy to retain and re-invest as much of the post-tax profits as possible so as not to need external finance.

Credit risk

The group trades with only recognised businesses in the industry, both local and further afield. All customers are initially subject to credit vetting procedures and receivable balances are monitored on an ongoing basis. Debtors are insured, wherever possible, so as to reduce the exposure to losses from bad debts.

Liquidity and cash flow

Liquidity and cash flow risk is the risk that an entity will encounter difficulty in meeting obligations associated with financial liabilities. The directors' aim is to retain sufficient levels of post-tax profits to maintain/increase its reserves to enable the group to continue to grow.

Skills availability (people)

Our people are central to our success, with many being in the business since its inception. They're passionate about what they do and have a huge amount of industry knowledge at their fingertips, from production to customer service. We strive to promote from within and we encourage our staff to make the most of our personal development policies.

ON BEHALF OF THE BOARD:

Mr M D Jewitt - Director

7 October 2026

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

DIVIDENDS

The total distribution of dividends for the year ended 31 March 2026 will be £105,000.

DIRECTORS

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

Mrs V Jewitt

Mr M D Jewitt

Mrs C J Jewitt

Mr W D Jewitt

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

ON BEHALF OF THE BOARD:

Mr M D Jewitt - Director

7 October 2026

Opinion

We have audited the financial statements of J. A. Jewitt (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2026 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 31 March 2026 and of the group's profit for the year then ended;

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

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

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

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

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Matters on which we are required to report by exception

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

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

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

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

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

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

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page 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 group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

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

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

Based on our understanding of the company and industry, we identified that the principal risks of non-compliance with laws and regulations related to Health & Safety, Food Safety and Employment law, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006.

We evaluated management's opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls). Audit procedures performed by the engagement team included:

-

discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulation and fraud;

-

evaluation and testing of the operating effectiveness of management's controls designed to prevent and detect irregularities;

-

challenging assumptions and judgements made by management in their significant accounting estimates; and

-

identifying and testing journal entries, in particular any journal entries posted with unusual account combinations or posted by senior management.

There are inherent limitations in the audit procedures described above and the further removed noncompliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

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.

Donald Adams FCA (Senior Statutory Auditor)

for and on behalf of Baines Jewitt Limited

Statutory Auditors

Spitfire House

19 Falcon Court

Preston Farm Industrial Estate

Stockton-on-Tees

TS18 3TU

7 October 2026

TURNOVER

3

61,151,939

53,778,051

Cost of sales

56,874,043

50,158,502

GROSS PROFIT

4,277,896

3,619,549

Administrative expenses

1,770,516

1,777,312

2,507,380

1,842,237

Other operating income

60,742

52,107

OPERATING PROFIT

5

2,568,122

1,894,344

Interest receivable and similar income

69,747

70,363

69,747

70,363

2,637,869

1,964,707

Fluctuation in equity

Joint ventures

-

93,732

2,637,869

2,058,439

Interest payable and similar expenses

6

(143

)

(253

)

PROFIT BEFORE TAXATION

2,637,726

2,058,186

Tax on profit

7

677,215

508,080

PROFIT FOR THE FINANCIAL YEAR

1,960,511

1,550,106

Profit attributable to:

Owners of the parent

1,960,511

1,550,106

PROFIT FOR THE YEAR

1,960,511

1,550,106

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,960,511

1,550,106

Total comprehensive income attributable to:

Owners of the parent

1,960,511

1,550,106

FIXED ASSETS

Tangible assets

10

7,848,474

7,974,625

Investments

11

Interest in joint venture

Share of gross assets

55

55

7,848,529

7,974,680

CURRENT ASSETS

Stocks

12

1,796,933

2,052,672

Debtors

13

5,981,714

6,556,728

Cash at bank and in hand

7,658,808

3,601,039

15,437,455

12,210,439

CREDITORS

Amounts falling due within one year

14

3,633,820

2,380,419

NET CURRENT ASSETS

11,803,635

9,830,020

TOTAL ASSETS LESS CURRENT LIABILITIES

19,652,164

17,804,700

PROVISIONS FOR LIABILITIES

15

485,882

493,929

NET ASSETS

19,166,282

17,310,771

CAPITAL AND RESERVES

Called up share capital

16

5,000

5,000

Retained earnings

17

19,161,282

17,305,771

SHAREHOLDERS' FUNDS

19,166,282

17,310,771

The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2026 and were signed on its behalf by:

Mr M D Jewitt - Director

FIXED ASSETS

Tangible assets

10

26,414

26,414

Investments

11

1,998

1,998

28,412

28,412

CURRENT ASSETS

Debtors

13

634,223

634,223

Cash at bank

308

308

634,531

634,531

NET CURRENT ASSETS

634,531

634,531

TOTAL ASSETS LESS CURRENT LIABILITIES

662,943

662,943

CAPITAL AND RESERVES

Called up share capital

16

5,000

5,000

Retained earnings

17

657,943

657,943

SHAREHOLDERS' FUNDS

662,943

662,943

Company's profit for the financial year

105,000

100,000

The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2026 and were signed on its behalf by:

Mr M D Jewitt - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2024

5,000

15,855,665

15,860,665

Changes in equity

Dividends

-

(100,000

)

(100,000

)

Total comprehensive income

-

1,550,106

1,550,106

Balance at 31 March 2025

5,000

17,305,771

17,310,771

Changes in equity

Dividends

-

(105,000

)

(105,000

)

Total comprehensive income

-

1,960,511

1,960,511

Balance at 31 March 2026

5,000

19,161,282

19,166,282

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2024

5,000

657,943

662,943

Changes in equity

Dividends

-

(100,000

)

(100,000

)

Total comprehensive income

-

100,000

100,000

Balance at 31 March 2025

5,000

657,943

662,943

Changes in equity

Dividends

-

(105,000

)

(105,000

)

Total comprehensive income

-

105,000

105,000

Balance at 31 March 2026

5,000

657,943

662,943

Cash flows from operating activities

Cash generated from operations

1

3,847,707

1,799,765

Interest paid

(143

)

(253

)

Tax paid

(211,062

)

(313,578

)

Net cash from operating activities

3,636,502

1,485,934

Cash flows from investing activities

Purchase of tangible fixed assets

(406,430

)

(931,357

)

Sale of tangible fixed assets

11,500

45,000

Sale of fixed asset investments

-

561,807

Interest received

69,747

70,363

Net cash from investing activities

(325,183

)

(254,187

)

Cash flows from financing activities

Amount introduced by directors

877,175

500

Amount withdrawn by directors

(25,725

)

(865,500

)

Equity dividends paid

(105,000

)

(100,000

)

Net cash from financing activities

746,450

(965,000

)

Increase in cash and cash equivalents

4,057,769

266,747

Cash and cash equivalents at beginning of year

2

3,601,039

3,334,292

Cash and cash equivalents at end of year

2

7,658,808

3,601,039

1.	RECONCILIATION OF PROFIT FOR THE FINANCIAL YEAR TO CASH GENERATED FROM OPERATIONS

2026

2025

£

£

Profit for the financial year

1,960,511

1,550,106

Depreciation charges

507,496

457,669

Loss on disposal of fixed assets

13,584

4,942

Share of joint venture results

-

(93,732

)

Finance costs

143

253

Finance income

(69,747

)

(70,363

)

Taxation

677,215

508,080

3,089,202

2,356,955

Decrease/(increase) in stocks

255,739

(271,080

)

Increase in trade and other debtors

(317,789

)

(803,640

)

Increase in trade and other creditors

820,555

517,530

Cash generated from operations

3,847,707

1,799,765

2.	CASH AND CASH EQUIVALENTS

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

Year ended 31 March 2026

31.3.26

1.4.25

£

£

Cash and cash equivalents

7,658,808

3,601,039

Year ended 31 March 2025

31.3.25

1.4.24

£

£

Cash and cash equivalents

3,601,039

3,334,292

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.25

Cash flow

At 31.3.26

£

£

£

Net cash

Cash at bank and in hand

3,601,039

4,057,769

7,658,808

3,601,039

4,057,769

7,658,808

Total

3,601,039

4,057,769

7,658,808

1.	STATUTORY INFORMATION

J. A. Jewitt is a private company , registered in England and Wales. The company's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in th UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, modified to include stocks of biological assets at fair value.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements for the parent company information presented within the consolidated financial statements:

- The requirements of section 7 Statement of Cash Flows;

- The requirement of paragraph 33.7

Basis of consolidation

The consolidated financial statements incorporate those of J. A. Jewitt and its subsidiaries J. A. Jewitt (Meat) Limited and J. A. Jewitt (Farms) Limited. All intra-group transactions and balances are eliminated on consolidation.

Turnover

Turnover represents invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Freehold land and buildings

-

2% on cost

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Freehold land and assets in the course of construction are not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks of livestock held for resale, produce and stores along with stocks of livestock for processing and meat produce are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The group 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.

Provisions

Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and

subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and

operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

3.

TURNOVER

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

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

2026

2025

£

£

Sales

61,111,664

53,737,776

Rent

40,275

40,275

61,151,939

53,778,051

An analysis of turnover by geographical market is given below:

2026

2025

£

£

United Kingdom

56,531,914

49,189,604

Europe

4,620,025

4,588,447

61,151,939

53,778,051