REGISTERED NUMBER: 01588338 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 31 March 2026

for

Alide Plant Services Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

5

Income Statement

9

Other Comprehensive Income

10

Balance Sheet

11

Statement of Changes in Equity

12

Cash Flow Statement

13

Notes to the Cash Flow Statement

14

Notes to the Financial Statements

15

DIRECTORS:

S M Thompson

F H Thompson

B C Thompson

S J Mulrooney

SECRETARY:

F H Thompson

REGISTERED OFFICE:

Unit 19 Burnett Business Park

Gypsy Lane

Keynsham

Bristol

BS31 2ED

REGISTERED NUMBER:

01588338 (England and Wales)

AUDITORS:

Wormald & Partners

Chartered Accountants (ICAEW)

Brunel House

11 The Promenade

Clifton Down

Bristol

BS8 3NG

The directors present their strategic report for the year ended 31 March 2026.

REVIEW OF BUSINESS

The company is an independent Tool, Plant, Powered Access & Welfare hire company with depots in Bristol, Bath and Keynsham.

Turnover, Gross Profit Margin and Net Profit have improved on last year. Revenue growth was underpinned by improved overall average hire fees increase across the business and limiting hiring plants and machineries from third parties. The underlying health of the business is strong, and the Directors expect the business to continue growing during 2027.

The company continues to invest in new tools, equipment and plants and machineries to provide customers with reliable and up-to-date equipment. The directors regard this investment as being integral to the continuing success of the business and ensure the company provides comprehensive service. The company places a strong importance on investing in the development and training of its staff so that they are knowledgeable on all products and able to provide high level of service to its customers.

PRINCIPAL RISKS AND UNCERTAINTIES

The principal risks and uncertainties facing the company relate to the impact of potential increased competition. The directors ensure they monitor the products on offer from the competitors and that the company remains competitive in its pricing.

The main risks are:

1. Health & Safety - Maintaining fleet of its tools, plant and machineries which are safe and in good working condition. The company has a robust system in place to ensure that all its plants and machineries available for hire are safe and in good working condition prior to being handed to customers. Same checks are made to all plants and tools, when returned at the end of the hire period. If any repairs are required, these are performed prior to making the items available for next hire. In addition, frequent and regular safety checks are made on all its inventory.

2. Risk of obsolete plant and machineries. The company closely monitors the utilisation/hire rate of its stock to avoid risk of holding obsolete items. Following assessment from the management, timely decisions are made to sell items that are at risk of being obsolete, whilst optimising profit on the sale.

3. Risk of failing to meet changing demands. As part of company's commitment to providing a comprehensive service, the company hires tools, plant and machineries from third parties (cross-hire) to meet its customer needs. The company closely monitors its cross-hire. This allows the company to identify tool and plants that are growing in demand and allows it to make timely procurement of these items.

4. The company manages the liquidity risk by ensuring the continuity of funding and flexibility through maintaining adequate bank reserves, with trade creditors liquidity risk managed by ensuring sufficient funds are available to meet amounts due for payment.

5. Trade debtors are managed in respect of credit and cash flow risk by policies concerning the customers' credit accounts, together with the daily monitoring of amounts outstanding.

FINANCIAL INSTRUMENTS

The company's principal financial instruments comprise bank balances, hire purchase, trade creditors and trade debtors. The main purpose of these instruments is to raise funds for and to finance the company's operations. In respect of bank balances, the liquidity risk is managed by maintaining a balance between the continuity of funding and optimization of interest of funds placed in deposit accounts. Major capital investments such as acquisition of new plant and machineries are often funded by hire purchase, if cash reserves are not sufficient to meet both capex and operational needs.

The company manages the liquidity risk by ensuring there are sufficient funds to meet the payments. Trade creditors liquidity risk is managed by ensuring that sufficient funds are available to make the payments as and when they fall due. Trade debtors and cash flow are managed through credit processes to monitor and pursue overdue receipts.

DEVELOPMENT AND PERFORMANCE

The company's profit on ordinary activities after taxation was £654,858 (2025 £623,462).

Turnover for the year was £7,343,054 compared to £6,996,204 in the previous year. The results for the year are set out on page 22 and 23. The company's net current assets are £2,458,195 (2025: £1,708,771) and total shareholders' funds were £4,595,127 (2025: £4,170,398) at the balance sheet date.

The company declared dividends of £230,129 during the year (2025: £176,872).

KEY PERFORMANCE INDICATORS

Key Performance Indicators ('KPI') of the business are gross profit, earnings before interest and tax and customer satisfaction.

Gross Profit for the year was £4,389,291 (59.77%) compared to £4,166,655 (59.56%) in the previous year, an increase of £222,636. Earnings before interest and tax was £1,006,157 compared to £980,650 in the previous year.

EMPLOYEE PRACTICES, COMMUNITY AND ENVIRONMENT

Our Employees

An equal opportunities statement and policies to ensure employees are treated with dignity, respect, and equality, regardless of gender, race, nationality, ethnic identity, national origin, religious beliefs, disability, age, marital status, family circumstance, sexual orientation or trade union activity are embedded in the company's operations manual which governs all aspects of operations including recruitment, training, promotion and discipline of staff.

The company runs regular forums with the representatives of staff both to inform employees about developments in the organisation and changes in processes and to gather feedback on the company's operations and provide employees with information about the performance of the business, challenges it faces and their contribution to resolving those. Pay and benefits structures are designed to reward staff in a way that is commensurate with their contribution to the success of the business.

Suppliers

The company relies on its suppliers to provide quality good and services in order to maintain the highest standards in meeting the needs of our customers. The company is committed to having professional and ethical relationships with its suppliers.

Community and Environment

The company's approach is to use its position to create positive change for the people and communities with which it interacts.

Reputation Maintenance

The company's culture is characterised by clear responsibility, mutual respect and trust. Lawful conduct is integral to its business activities and an important condition for maintaining a reputation for high standards of business conduct and securing long term success.

Shareholders

The board contains the company's largest shareholders so there is never any conflict between the two parties.

The Directors and Senior Managers in the business have regular meetings to discuss issues in the business as well as specific forums to discuss individual business decisions. Information and observations, relating to all stakeholders and aspects of the business (financial, employee, service quality, regulation and supply chain\ is taken into account in such meetings as part of any major business decision.

Other information and explanations

Whilst the current market conditions are challenging, the directors however are optimistic that there will be continued and sustained growth in the company for the foreseeable future.

ON BEHALF OF THE BOARD:

F H Thompson - Director

14 October 2026

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of plant and equipment hire.

DIVIDENDS

An interim dividend of 242.24 per share was paid on 31 March 2026. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31 March 2026 will be £ 230,129 .

DIRECTORS

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

S M Thompson

F H Thompson

B C Thompson

S J Mulrooney

STATEMENT OF DIRECTORS' RESPONSIBILITIES

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

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

-	select suitable accounting policies and then apply them consistently;

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

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

AUDITORS

The auditors, Wormald & Partners, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

F H Thompson - Director

14 October 2026

Opinion

We have audited the financial statements of Alide Plant Services Limited (the 'company') for the year ended 31 March 2026 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the 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 company's affairs as at 31 March 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 directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

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

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

Other information

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

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Matters on which we are required to report by exception

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

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

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

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

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

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

Responsibilities of directors

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

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

Auditors' responsibilities for the audit of the financial statements

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

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

Identifying and assessing potential risks related to irregularities - In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

a) The nature of the entity's industry and sector, control environment, business performance and management incentives;

b) The results of our specific enquiries of management and those charged with governance about their

own identification and assessment of the risks of irregularities;

c) Any matters we identified having obtained and reviewed the company's documentation of their policies and procedures, relating to:

- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;

- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;

- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;

d) The matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following area(s): the recognition of revenue. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override of controls.

We also obtained an understanding of the legal and regulatory frameworks in which the company operates, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and tax legislation.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty.

Audit response to risks identified - Our procedures to respond to risks identified included the following:

a) Reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

b) Enquiring of management concerning actual and potential litigation and claims;

c) Performing analytical procedures to identify and unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

d) Reading minutes of meetings of those charged with governance; and

e) In addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Whilst procedures above describe the extent to which our procedures are capable of detecting irregularities, including fraud, there are inherent limitations in these audit procedures. The further removed non-compliance 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, misrepresentation or through collusion. We are not responsible for preventing irregularities, including fraud, or non-compliance with laws and regulations and cannot be expected to detect all irregularities or non-compliance with all laws and regulations.

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.

Dilipkumar Patel FCA (Senior Statutory Auditor)

for and on behalf of Wormald & Partners

Chartered Accountants (ICAEW)

Brunel House

11 The Promenade

Clifton Down

Bristol

BS8 3NG

14 October 2026

TURNOVER

7,343,054

6,996,204

Cost of sales

2,953,763

2,829,549

GROSS PROFIT

4,389,291

4,166,655

Administrative expenses

3,384,565

3,187,448

OPERATING PROFIT

4

1,004,726

979,207

Interest receivable and similar income

1,431

1,443

1,006,157

980,650

Interest payable and similar expenses

5

105,302

94,685

PROFIT BEFORE TAXATION

900,855

885,965

Tax on profit

6

245,976

262,503

PROFIT FOR THE FINANCIAL YEAR

654,879

623,462

PROFIT FOR THE YEAR

654,879

623,462

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

654,879

623,462

FIXED ASSETS

Tangible assets

8

4,086,302

3,914,626

CURRENT ASSETS

Stocks

9

43,865

35,180

Debtors

10

4,002,552

3,632,266

Cash at bank and in hand

289,225

199,722

4,335,642

3,867,168

CREDITORS

Amounts falling due within one year

11

1,877,426

2,158,397

NET CURRENT ASSETS

2,458,216

1,708,771

TOTAL ASSETS LESS CURRENT LIABILITIES

6,544,518

5,623,397

CREDITORS

Amounts falling due after more than one year

12

(982,804

)

(539,715

)

PROVISIONS FOR LIABILITIES

14

(966,566

)

(913,284

)

NET ASSETS

4,595,148

4,170,398

CAPITAL AND RESERVES

Called up share capital

15

950

950

Share premium

16

3,360

3,360

Retained earnings

16

4,590,838

4,166,088

SHAREHOLDERS' FUNDS

4,595,148

4,170,398

The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2026 and were signed on its behalf by:

F H Thompson - Director

B C Thompson - Director

Called up

share

Retained

Share

Total

capital

earnings

premium

equity

£

£

£

£

Balance at 1 April 2024

950

3,719,498

3,360

3,723,808

Changes in equity

Dividends

-

(176,872

)

-

(176,872

)

Total comprehensive income

-

623,462

-

623,462

Balance at 31 March 2025

950

4,166,088

3,360

4,170,398

Changes in equity

Dividends

-

(230,129

)

-

(230,129

)

Total comprehensive income

-

654,879

-

654,879

Balance at 31 March 2026

950

4,590,838

3,360

4,595,148

Cash flows from operating activities

Cash generated from operations

1

1,309,600

1,291,765

Interest element of hire purchase payments paid

(105,302

)

(94,685

)

Tax paid

(150,880

)

(123,254

)

Net cash from operating activities

1,053,418

1,073,826

Cash flows from investing activities

Purchase of tangible fixed assets

(1,345,626

)

(1,254,155

)

Sale of tangible fixed assets

352,192

344,775

Interest received

1,431

1,443

Net cash from investing activities

(992,003

)

(907,937

)

Cash flows from financing activities

Capital repayments in year

258,217

(383,850

)

Equity dividends paid

(230,129

)

(176,872

)

Net cash from financing activities

28,088

(560,722

)

Increase/(decrease) in cash and cash equivalents

89,503

(394,833

)

Cash and cash equivalents at beginning of year

2

199,722

594,555

Cash and cash equivalents at end of year

2

289,225

199,722

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

2026

2025

£

£

Profit before taxation

900,855

885,965

Depreciation charges

990,655

972,930

Profit on disposal of fixed assets

(168,899

)

(158,773

)

Finance costs

105,302

94,685

Finance income

(1,431

)

(1,443

)

1,826,482

1,793,364

Increase in stocks

(8,685

)

(636

)

Increase in trade and other debtors

(370,286

)

(817,357

)

(Decrease)/increase in trade and other creditors

(137,911

)

316,394

Cash generated from operations

1,309,600

1,291,765

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

289,225

199,722

Year ended 31 March 2025

31.3.25

1.4.24

£

£

Cash and cash equivalents

199,722

594,555

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1.4.25

Cash flow

At 31.3.26

£

£

£

Net cash

Cash at bank and in hand

199,722

89,503

289,225

199,722

89,503

289,225

Debt

Finance leases

(1,388,023

)

(258,217

)

(1,646,240

)

(1,388,023

)

(258,217

)

(1,646,240

)

Total

(1,188,301

)

(168,714

)

(1,357,015

)

1.	STATUTORY INFORMATION

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

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

Tangible fixed assets

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Short Leasehold - Straight line over the term of the lease

Plant & Machinery - 5 years straight line with 20% residual value, 3 years straight line with 10% residual value, 7 years straight line with 16% residual value & 10 years straight line with 10% residual value . Accessory plant being depreciated 10% straight line.

Motor Vehicles - 3 years straight line with 10% residual value

Office Equipment - 25% reducing balance

Fixtures, fittings and equipment - 25% reducing balance

Stocks

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

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.

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 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.

3.	EMPLOYEES AND DIRECTORS

2026

2025

£

£

Wages and salaries

2,098,908

2,018,638

Social security costs

263,983

206,224

Other pension costs

36,791

34,921

2,399,682

2,259,783

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

2026

2025

Employees

61

58

2026

2025

£

£

Directors' remuneration

95,417

151,468

4.	OPERATING PROFIT

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

2026

2025

£

£

Hire of plant and machinery

766,467

717,530

Depreciation - owned assets

990,657

972,930

Profit on disposal of fixed assets

(168,899

)

(158,773

)

Auditors' & accountants' remuneration

14,000

12,000

Other non- audit services

1,753

4,091

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

2026

2025

£

£

Hire purchase

105,302

94,685

6.

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

192,694

150,880

Deferred tax

53,282

111,623

Tax on profit

245,976

262,503

7.

DIVIDENDS

2026

2025

£

£

Ordinary shares of £1 each

Interim

230,129

176,872

8.	TANGIBLE FIXED ASSETS

Fixtures,

Short

Plant and

fittings

leasehold

machinery

& equipment

£

£

£

COST

At 1 April 2025

322,929

8,007,786

154,826

Additions

-

822,418

21,144

Disposals

-

(523,372

)

-

At 31 March 2026

322,929

8,306,832

175,970

DEPRECIATION

At 1 April 2025

271,401

4,684,130

123,952

Charge for year

3,420

729,462

9,602

Eliminated on disposal

-

(387,860

)

-

At 31 March 2026

274,821

5,025,732

133,554

NET BOOK VALUE

At 31 March 2026

48,108

3,281,100

42,416

At 31 March 2025

51,528

3,323,656

30,874

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2025

1,502,978

481,704

10,470,223

Additions

480,790

21,274

1,345,626

Disposals

(239,006

)

(866

)

(763,244

)

At 31 March 2026

1,744,762

502,112

11,052,605

DEPRECIATION

At 1 April 2025

1,085,056

391,058

6,555,597

Charge for year

223,793

24,380

990,657

Eliminated on disposal

(191,238

)

(853

)

(579,951

)

At 31 March 2026

1,117,611

414,585

6,966,303

NET BOOK VALUE

At 31 March 2026

627,151

87,527

4,086,302

At 31 March 2025

417,922

90,646

3,914,626

Included with tangible fixed assets, there are assets held under hire purchase agreements with a net book value totalling £2,414,079 (2025: 1,838,376). The depreciation charged during the year in respect of such assets amounted to £421,545 (2025: £478,860).

9.

STOCKS

2026

2025

£

£

Stocks

43,865

35,180