REGISTERED NUMBER: 03665746 (England and Wales)

Strategic Report, Report of the Director and

Financial Statements

for the period

6th April 2025 to 31st March 2026

for

I.C.S. (UK) Limited

Page

Company Information

1

Strategic Report

2

Report of the Director

6

Report of the Independent Auditors

11

Statement of Comprehensive Income

15

Balance Sheet

16

Statement of Changes in Equity

17

Cash Flow Statement

18

Notes to the Cash Flow Statement

19

Notes to the Financial Statements

21

DIRECTOR:

I Bhamji

SECRETARY:

I Bhamji

REGISTERED OFFICE:

Neville Road

Bradford

West Yorkshire

BD4 8TU

REGISTERED NUMBER:

03665746 (England and Wales)

AUDITORS:

Sadofskys

Statutory Auditors

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

BANKERS:

HSBC Bank plc

Market Place

Dewsbury

West Yorkshire

WF13 1DH

SOLICITORS:

Hamers

5 Earls Court

Priory Park East

Hull

HU4 7DY

The director presents his strategic report for the period 6th April 2025 to 31st March 2026.

REVIEW OF BUSINESS

The key financial performance indicators of turnover, turnover growth, gross profit and net profit before taxation communicate the financial performance of the company as a whole.

The key financial performance indicators for the last four years are as follows:

2026

2025

2024

2023

£

£

£

£

Turnover

194,670,893

172,054,186

151,481,717

122,022,660

Turnover growth %

13.15%

13.58%

24.1%

33.1%

Gross profit margin %

13.27%

12.97%

12.4%

10.0%

Profit before taxation

5,990,643

4,530,695

3,789,979

2,077,573

Profit before taxation margin %

3.08%

2.63%

2.50%

1.70%

Profit after taxation

4,336,452

3,439,934

2,683,337

1,630,949

Profit after taxation %

2.23%

2.00%

1.77%

1.34%

The director is pleased to report another successful year of trading, with turnover increasing by 13.15% to £194.7 million. This growth reflects continued demand for the company's products and services, together with the ongoing expansion of its customer base.

Despite a competitive market and ongoing inflationary pressures affecting wages and operating costs, the company improved both gross profit margins and overall profitability during the year through effective cost management and operational efficiencies.

The company continues to invest in its operations and technology to support future growth and enhance efficiency. The director considers the company to be well positioned for continued success.

PRINCIPAL RISKS AND UNCERTAINTIES

The company's principal financial instruments comprise bank balances, trade debtors and trade creditors. The main purpose of these instruments is to raise funds and finance the company's operations.

Price risk

The company is a wholesale distributor of foodstuffs and catering supplies. The prices of such products tend to reduce on account of pricing pressure and competition. This risk is managed by maintaining adequate levels of stock and by monitoring the market continuously.

Foreign exchange risk

The company purchases some products in foreign currencies. The risk is mitigated by monitoring foreign exchange rates on a daily basis.

Credit risk

Credit checks are carried out on all customers. Amounts outstanding for both time and credit limits are regularly monitored. The company does experience bad debts but believes it has systems in place to mitigate these risks.

Liquidity risk

The company's liquidity risk is managed by ensuring sufficient funds are available to meet amounts due and the company does not consider that liquidity poses a significant risk.

Interest rate and cash flow risk

The company had a favourable cash balance during the year and therefore does not consider that interest rates or cash flow pose a significant risk.

SECTION 172(1) STATEMENT

The director of I.C.S. (UK) Limited recognises the responsibilities set out in Section 172 of the Companies Act 2006 and, when making decisions, has regard to the long-term success of the Company and the interests of its key stakeholders. These include employees, customers, suppliers, business partners, the environment and the communities in which the Company operates.

The Company continues to pursue a strategy of sustainable long-term growth, with decisions made having regard to the Company's future operational capacity, financial performance and ability to meet the evolving requirements of its customers. During the year, the Company continued to invest in its operations and infrastructure and, following the year end, commenced the acquisition of an additional site in Bradford to support future growth and increase operational capacity.

The director recognises that the Company's employees are fundamental to its continued success. The Company seeks to maintain a positive working environment through regular communication, employee engagement and opportunities for development. During the year, the Company held its annual employee gathering to recognise the contribution of staff and promote engagement across the business.

Strong relationships with customers and suppliers remain central to the Company's success. The Company continues to focus on providing reliable service, competitive pricing and a broad range of food service and packaging products. During the year, directors and senior management maintained regular engagement with customers and suppliers, including attending industry events and meeting suppliers overseas to strengthen relationships, identify new opportunities and ensure continuity of supply.

The director acknowledges the environmental impact associated with the Company's sourcing, warehousing and distribution activities. The Company seeks to minimise this impact through recycling initiatives, effective stock management, efficient distribution planning and ongoing investment in operational efficiencies. The Company also continues to review opportunities to reduce energy consumption and improve environmental performance.

As a significant foodservice wholesaler operating from locations including Bradford, Bolton, Birmingham, Leeds and Sheffield, the Company contributes to local and national economic activity through employment, investment and its relationships with customers, suppliers and service providers. The Company also supports local organisations and community initiatives where appropriate.

In carrying out their duties, the director seeks to balance the interests of all stakeholders whilst maintaining a financially sustainable and successful business. The director believes that fostering strong stakeholder relationships, maintaining responsible business practices and taking a long-term approach to decision-making supports the continued success of the Company and the achievement of its strategic objectives.

FUTURE DEVELOPMENTS AND STRATEGY

The company remains committed to its strategy of sustainable organic growth and anticipates further increases in turnover during the forthcoming financial year. The directors will continue to focus on maintaining strong relationships with customers and suppliers, investing in employees and enhancing operational efficiency across the business.

In support of its growth objectives, the company continues to explore opportunities to secure additional leasehold premises from which to operate. The directors believe that access to suitable premises will support the continued expansion of the business, increase operational capacity and facilitate further growth in future trading activities.

ON BEHALF OF THE BOARD:

I Bhamji - Secretary

19th October 2026

The director presents his report with the financial statements of the company for the period 6th April 2025 to 31st March 2026.

PRINCIPAL ACTIVITY

The principal activity of the company in the period under review was that of wholesale distributors of foodstuffs and catering supplies.

DIVIDENDS

Interim dividends for Ordinary shares totalling £3,500 per share were voted on the 31/03/2026.

Interim dividends for Ordinary A shares and B shares totalling £41,430 per share were paid during the year.

The director recommends that no final dividend be paid.

The total distribution of dividends for the year ended 31st March 2026 will be £4,282,860.

DIRECTOR

I Bhamji held office during the whole of the period from 6th April 2025 to the date of this report.

STREAMLINED ENERGY AND CARBON REPORTING

Methodology

This assessment of GHG emissions is compliant with the Greenhouse Gas Protocol, a globally recognised standard jointly developed by the World Resources Institute and the World Business Council for Sustainable Development. The Greenhouse Gas Protocol provides comprehensive, standardised frameworks for quantifying and managing GHG emissions across private and public sector operations, value chains, and mitigation efforts. Five key accounting principles are central to the Greenhouse Gas Protocol methodology:

Relevance

Ensure that the GHG data collection accurately records and presents all relevant emissions from the organisation.

Completeness

The calculation captures all emitted GHGs. If any emission sources are omitted, clear and detailed justifications are given.

Consistency

The calculations are based on uniform methods. Any changes in data sources, calculation boundaries, or emission factors are always reported.

Transparency

All collected data is clearly and coherently reported, preferably through an accurate audit scheme. All assumptions on methods, approximations and emission factors are well documented.

Accuracy

The quantification of GHG emissions is without systematic overestimation or underestimation, it is tried to reduce uncertainties as much as possible wherever possible.

Following the guidelines of the Greenhouse Gas Protocol, the emissions inventory encompasses seven primary (groups of) GHGs: carbon dioxide (CO.), methane (CH.), nitrous oxide (N.O), sulfur hexafluoride (SF.), nitrogen trifluoride (NF.), hydrofluorocarbons (HFCs), and perfluorocarbons (PFCs). The Greenhouse Gas Protocol classifies emissions into 3 scopes and 21 categories:

Scope 1- Direct GHG emissions originate from sources owned or controlled by the organisation.

Scope 2 - Indirect GHG emissions result from purchased electricity and other energy carriers.

Scope 3 - Other indirect GHG emissions beyond those covered by Scope 2 that happen elsewhere in the value chain, both upstream and downstream.

In this report, only emissions sources that are required under the SECR framework have been included, i.e. all Scope 1 and 2 sources, and business travel in employee-owned vehicles (part of Business Travel, Scope 3).

The table below sets out total energy consumption and resulting GHG emissions by scope arising from business operations:

Annual Energy

Current Reporting Year

Comparison Year

Consumption (kWh)

01/04/2025 - 31/03/2026

01/04/2024 - 31/03/2025

Scope 1

8,154,757

7,429,468

Stationary Combustion

482,896

393,118

Natural Gas

253,065

190,258

Propane

229,831

202,860

Mobile Combustion

7,671,861

7,036,350

Diesel

7,533,403

N/A

Petrol

138,457

N/A

Fugitive Emissions

N/A

N/A

Scope 2

3,274,450

2,990,045

Purchased Electricity

3,274,450

2,990,045

Green Electricity

2,986,961

1,458,977

Country Average

287,489

1,531,068

Scope 3

58,710

53,562

Employee - owned vehicles

58,710

53,562

Total

11,487,917

10,473,075

Annual Carbon Emissions

Current Reporting Year

Comparison Year

(tCO2e)

01/04/2025 - 31/03/2026

01/04/2024 - 31/03/2025

Scope 1

2,140.38

1,758.78

Stationary Combustion

95.44

78.54

Natural Gas

46.23

35.10

Propane

49.21

43.44

Mobile Combustion

1,989.91

1,680.24

Diesel

1,957.82

1,658.25

Petrol

32.09

21.99

Fugitive Emissions

55.03

N/A

Scope 2 (Location Based)

543.24

619.09

Purchased Electricity

543.24

619.09

Green Electricity

495.5

302.08

Country Average

47.74

317.01

Scope 3

18.03

12.92

Business Travel

18.03

12.92

Total (Location Based)

2,701.65

2,390.79

An intensity ratio is a way of defining emissions data in relation to an appropriate business metric, such as tonnes of CO2e per sales revenue, or tonnes of CO2e per total square metres of floor space. This allows comparison of energy efficiency performance over time and with other similar types of organisations.

Mandatory Greenhouse Gas Report intensity ratios are calculated by dividing emissions by organisation-specific metrics. In the case of ICS (UK), these metrics are: Employees (FTE), Floor Area (m²), Turnover (MGBP).

The intensity ratio, as well as the business metrics, are detailed below. The intensity ratio is calculated based on total emissions (using location-based emissions).

Carbon Emissions per

Current Reporting Year

Comparison Year

Business Metric

01/04/2025 - 31/03/2026

01/04/2024 - 31/03/2025

Emissions per Employees (tCO2e/FTE)

7.72

7.49

Emissions per Floor Area(tCO2e/m2)

0.13

0.12

Emissions per Turnover(tCO2e/MGBP)

13.93

13.90

Business Metric

Current Reporting Year

Comparison Year

01/04/2025 - 31/03/2026

01/04/2024 - 31/03/2025

Employees (FTE)

350

319

Floor Area (m2)

20,623

20,623

Turnover (MGBP)

194

172

Energy Efficiency Actions

ICS (UK) has undertaken the following energy efficiency actions:

- In the last 12 months, the organisation has continued to review its facilities and progress its on-going rennovation programme of sites to incorporate energy saving measures. To date, this includes introducing solar PV panels at a selection of sites, which utilise solar energy to produce zero carbon electricity.

- ICS (UK) has continued its transition to zero carbon electricity tariffs. Six sites procured verified 100% zero carbon electricity in 2025-26. This includes the largest site, Hammerton Street, which consumed 27% of ICS (UK)'s total electricity in 2025-26.

ICS (UK) is committed to sourcing and delivering the highest level of catering products across the UK, whilst also reducing its environmental impact.

In the future, ICS (UK) will continue to explore ways o save energy and natural resources, including the possibility of electric vehicles within its fleet, as well as low carbon heating systems at its sites.

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;

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

-	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.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website.

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

ON BEHALF OF THE BOARD:

I Bhamji - Secretary

19th October 2026

Opinion

We have audited the financial statements of I.C.S. (UK) Limited (the 'company') for the period ended 31st March 2026 which comprise the Statement of 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 31st March 2026 and of its profit for the period 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 director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, 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 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, 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.

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

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the food sector;

- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, UK taxation legislation, and data protection, anti-bribery, employment, environmental, and health and safety legislation, along with industry specific regulations and requirements;

- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

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

- performed analytical procedures to identify any unusual or unexpected relationships;

- tested journal entries to identify unusual transactions;

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

- investigated the rationale behind significant or unusual transactions.

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

- agreeing financial statement disclosures to underlying supporting documentation;

- reading the minutes of meetings of those charged with governance;

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

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

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or 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.

Alan Brocklehurst (Senior Statutory Auditor)

for and on behalf of Sadofskys

Statutory Auditors

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

20th October 2026

TURNOVER

3

194,670,893

172,054,186

Cost of sales

168,838,056

149,733,469

GROSS PROFIT

25,832,837

22,320,717

Administrative expenses

19,867,064

17,845,565

5,965,773

4,475,152

Other operating income

4

45,132

42,222

OPERATING PROFIT

6

6,010,905

4,517,374

Interest receivable and similar income

337

42,566

6,011,242

4,559,940

Interest payable and similar expenses

8

20,599

29,245

PROFIT BEFORE TAXATION

5,990,643

4,530,695

Tax on profit

9

1,654,191

1,090,761

PROFIT FOR THE FINANCIAL PERIOD

4,336,452

3,439,934

OTHER COMPREHENSIVE INCOME

Revaluation of assets

-

57,781

Deferred tax adjustment on disposal

Income tax relating to other comprehensive income

-

349,279

OTHER COMPREHENSIVE INCOME FOR THE PERIOD, NET OF INCOME TAX

-

407,060

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD

4,336,452

3,846,994

FIXED ASSETS

Intangible assets

11

9,046

12,613

Tangible assets

12

4,513,799

4,486,022

4,522,845

4,498,635

CURRENT ASSETS

Stocks

13

10,375,093

11,692,677

Debtors

14

9,221,631

7,589,676

Cash at bank and in hand

4,487,930

2,597,751

24,084,654

21,880,104

CREDITORS

Amounts falling due within one year

15

19,393,747

17,312,608

NET CURRENT ASSETS

4,690,907

4,567,496

TOTAL ASSETS LESS CURRENT LIABILITIES

9,213,752

9,066,131

CREDITORS

Amounts falling due after more than one year

16

(220,292

)

(272,818

)

PROVISIONS FOR LIABILITIES

19

(1,008,983

)

(862,428

)

NET ASSETS

7,984,477

7,930,885

CAPITAL AND RESERVES

Called up share capital

20

1,202

1,202

Retained earnings

21

7,983,275

7,929,683

SHAREHOLDERS' FUNDS

7,984,477

7,930,885

The financial statements were approved by the director and authorised for issue on 19th October 2026 and were signed by:

I Bhamji - Director

Called up

share

Retained

Revaluation

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1st April 2024

1,202

6,847,713

1,047,836

7,896,751

Changes in equity

Dividends

-

(3,812,860

)

-

(3,812,860

)

Total comprehensive income

-

4,894,830

(1,047,836

)

3,846,994

Balance at 5th April 2025

1,202

7,929,683

-

7,930,885

Changes in equity

Dividends

-

(4,282,860

)

-

(4,282,860

)

Total comprehensive income

-

4,336,452

-

4,336,452

Balance at 31st March 2026

1,202

7,983,275

-

7,984,477

Cash flows from operating activities

Cash generated from operations

1

7,130,832

3,157,230

Interest paid

-

(12,864

)

Interest element of hire purchase payments paid

(10,671

)

(16,381

)

Tax paid

(1,272,718

)

(1,290,165

)

Taxation refund

36,529

-

Net cash from operating activities

5,883,972

1,837,820

Cash flows from investing activities

Purchase of intangible fixed assets

-

(1,445

)

Purchase of tangible fixed assets

(781,207

)

(782,063

)

Sale of intangible fixed assets

2,171

-

Sale of tangible fixed assets

17,957

6,400

Interest received

337

18,199

Net cash from investing activities

(760,742

)

(758,909

)

Cash flows from financing activities

Loan repayments in year

-

(395,095

)

Repayment of intercompany loan

-

76,998

Intercompany loans made in year

(3,134,615

)

-

Capital repayments in year

(17,446

)

(17,446

)

Amount introduced by directors

1,870

109,208

Amount withdrawn by directors

-

(30,870

)

Interest received on directors account

-

870

Equity dividends paid

(82,860

)

(82,860

)

Net cash from financing activities

(3,233,051

)

(339,195

)

Increase in cash and cash equivalents

1,890,179

739,716

Cash and cash equivalents at beginning of period

2

2,597,751

1,858,035

Cash and cash equivalents at end of period

2

4,487,930

2,597,751

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

period

period

6/4/25

1/4/24

to

to

31/3/26

5/4/25

£

£

Profit before taxation

5,990,643

4,530,695

Depreciation charges

685,672

725,724

Loss on disposal of fixed assets

51,197

558,251

Interest received on corporation tax

-

23,497

Government grants

(4,072

)

(4,072

)

Finance costs

20,599

29,245

Finance income

(337

)

(42,566

)

6,743,702

5,820,774

Decrease/(increase) in stocks

1,317,584

(991,506

)

Increase in trade and other debtors

(1,633,824

)

(903,082

)

Increase/(decrease) in trade and other creditors

703,370

(768,956

)

Cash generated from operations

7,130,832

3,157,230

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:

Period ended 31st March 2026

31/3/26

6/4/25

£

£

Cash and cash equivalents

4,487,930

2,597,751

Period ended 5th April 2025

5/4/25

1/4/24

£

£

Cash and cash equivalents

2,597,751

1,858,060

Bank overdrafts

-

(25

)

2,597,751

1,858,035