REGISTERED NUMBER: 02905985 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2026

FOR

FUTURA DESIGN LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

5

Report of the Independent Auditors

6

Income Statement

9

Balance Sheet

10

Statement of Changes in Equity

11

Notes to the Financial Statements

12

DIRECTORS:

M L Abel

D A Abel

D B Elsmore

REGISTERED OFFICE:

EDM House

Rowley Drive

Coventry

CV3 4FG

REGISTERED NUMBER:

02905985 (England and Wales)

AUDITORS:

Prime

Chartered Accountants

Statutory Auditor

161 Newhall Street

Birmingham

B3 1SW

The directors present their strategic report for the year ended 30 April 2026.

Futura Design Ltd continues to operate within the automotive design industry, providing specialist support to leading OEM automotive brands and other clients across the UK and international markets.

Through its Design Model Operations, Futura works closely with clients to deliver high-quality concept models, bespoke prototypes and specialist design support. Its Technical Recruitment activities provide skilled contract and permanent resources to support clients' changing project requirements.

Futura remains committed to delivering exceptional quality through its experienced workforce, specialist facilities and culture of innovation. The company continues to focus on maintaining strong customer relationships and responding effectively to demanding and evolving project requirements.

FINANCIAL PERFORMANCE

Futura's financial performance for the year ended 30 April 2026 remained resilient despite continued uncertainty across the automotive sector. Revenue reduced to approximately £18.2m from £20.9m in the previous year, reflecting lower customer demand and delays to the commencement of certain programmes.

Despite the reduction in revenue, gross margin improved to 17.2%, while profit before taxation increased to £596k from £526k. This improvement reflected continued margin discipline, the benefits of organisational restructuring and tighter management of the company's cost base. The company also began to realise savings from its investment in solar energy across its operating facilities.

Futura maintained a strong financial position, ending the year with cash balances of £1.1m, net current assets of £1.7m and net assets of £3.2m. This provides a sound platform from which to manage continuing market uncertainty and pursue future opportunities.

MARKET OVERVIEW

The automotive sector remained active during the year but continued to present a challenging and uncertain trading environment. Reduced demand and delays to customer programmes affected the timing and volume of activity across the sector.

Uncertainty surrounding international trade policy and tariffs also influenced global investment decisions, with some customers taking longer to commit to new programmes. In addition, certain overseas clients increasingly sought to fulfil resource requirements within their domestic markets, affecting demand for internationally supplied technical resources.

The administration of a long established participant in the UK prototype sector during the year further demonstrated the pressures affecting the market. Changing project schedules, high fixed costs and significant working capital requirements continue to require careful management across the industry.

Despite these challenges, demand remains for specialist suppliers capable of delivering complex, quality work within demanding timescales. Futura's experience, technical capability and established customer relationships leave the company well positioned to respond as market opportunities develop.

RISKS AND UNCERTAINTIES

The company continues to operate in a dynamic environment and actively manages the following principal risks:

- Economic and market uncertainty: Changes in economic conditions, international trade policy and tariffs can affect customer confidence, investment decisions and the timing of automotive programmes.

- Customer demand and programme timing: Delays, changes or cancellations affecting major customer programmes may influence revenue, resource requirements and operational utilisation.

- Customer budget pressures: Cost controls within OEMs and other customers may delay expenditure or reduce demand for external design, prototype and recruitment support.

- International resource demand: Overseas customers may choose to source a greater proportion of their technical requirements within their domestic markets.

- Cost and working-capital pressures: The company operates specialist facilities and must continue to manage its fixed cost base, project expenditure and customer payment cycles carefully.

- Labour and skills availability: Competition for experienced technical and specialist personnel may affect recruitment, retention and employment costs.

To mitigate these risks, Futura maintains disciplined financial and cashflow controls, closely monitors project performance and utilisation, and continues to develop a diverse mix of UK and international customer relationships.

STRATEGIC DEVELOPMENTS

During the year, Futura continued to invest in its facilities and technical capabilities. Property improvements and further investment in plant and machinery enhanced the company's operational capacity and ability to support increasingly complex customer requirements.

The company expanded its additive manufacturing capabilities through investment in advanced 3D printing equipment. This provides increased flexibility, capacity and efficiency in supporting prototype and specialist project work.

Futura also completed further investment in solar energy generation across its operating facilities. This supports the company's environmental objectives while reducing its exposure to energy costs and contributing to improved operating efficiency.

Throughout the year, the company continued to deliver work to an exceptional standard and maintained its reputation for quality, responsiveness and technical expertise. New work secured towards the end of the financial year also provided a positive platform for activity in the year ending April 2027.

OUTLOOK AND OBJECTIVES

Trading since the year end has been strong, with an encouraging level of customer activity and new project opportunities. Work secured towards the end of the financial year has contributed to a positive start to the year ending April 2027.

Futura will continue to strengthen its relationships with existing and prospective customers in the UK while developing opportunities in international markets. The company's recent investment in facilities, machinery and sustainable energy infrastructure provides a strong foundation for future growth and operational efficiency.

The company will remain focused on maintaining quality, protecting margins, managing utilisation and exercising disciplined control over costs and cash flow. Although the timing of automotive programmes remains difficult to predict, the directors are confident that Futura's capabilities, financial position and customer relationships leave it well placed for the year ahead.

ON BEHALF OF THE BOARD:

D A Abel - Director

21 October 2026

The directors present their report with the financial statements of the company for the year ended 30 April 2026.

DIVIDENDS

During the year no dividends (2025: £1,000,000) were paid.

DIRECTORS

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

M L Abel

D A Abel

D B Elsmore

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), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company 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, Prime, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

D A Abel - Director

21 October 2026

Opinion

We have audited the financial statements of Futura Design Limited (the 'company') for the year ended 30 April 2026 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 30 April 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 five, 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:

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 industry 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, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation;

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

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 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;

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

- reviewing correspondence with HMRC and other relevant parties.

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.

Morgan Davies FCA (Senior Statutory Auditor)

for and on behalf of Prime

Chartered Accountants

Statutory Auditor

161 Newhall Street

Birmingham

B3 1SW

23 October 2026

TURNOVER

3

18,200,704

20,903,806

Cost of sales

15,070,420

17,756,472

GROSS PROFIT

3,130,284

3,147,334

Administrative expenses

2,525,950

2,605,586

604,334

541,748

Other operating income

17,626

12,339

OPERATING PROFIT

5

621,960

554,087

Interest receivable and similar income

7,806

11,072

629,766

565,159

Interest payable and similar expenses

6

33,462

39,456

PROFIT BEFORE TAXATION

596,304

525,703

Tax on profit

7

64,945

268,657

PROFIT FOR THE FINANCIAL YEAR

531,359

257,046

FIXED ASSETS

Intangible assets

9

13,975

8,975

Tangible assets

10

2,441,200

2,664,340

2,455,175

2,673,315

CURRENT ASSETS

Stocks

11

9,480

8,610

Debtors

12

4,092,879

3,103,181

Cash at bank

1,115,149

995,155

5,217,508

4,106,946

CREDITORS

Amounts falling due within one year

13

3,514,708

3,022,225

NET CURRENT ASSETS

1,702,800

1,084,721

TOTAL ASSETS LESS CURRENT LIABILITIES

4,157,975

3,758,036

CREDITORS

Amounts falling due after more than one year

14

(450,690

)

(522,443

)

PROVISIONS FOR LIABILITIES

18

(496,817

)

(556,484

)

NET ASSETS

3,210,468

2,679,109

CAPITAL AND RESERVES

Called up share capital

19

100,000

100,000

Retained earnings

3,110,468

2,579,109

SHAREHOLDERS' FUNDS

3,210,468

2,679,109

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2026 and were signed on its behalf by:

D A Abel - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 May 2024

100,000

3,322,063

3,422,063

Changes in equity

Total comprehensive income

-

257,046

257,046

Dividends

-

(1,000,000

)

(1,000,000

)

Balance at 30 April 2025

100,000

2,579,109

2,679,109

Changes in equity

Total comprehensive income

-

531,359

531,359

Balance at 30 April 2026

100,000

3,110,468

3,210,468

1.	STATUTORY INFORMATION

Futura Design 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.

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 the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going concern

The Company continues to be profitable and the directors have a reasonable expectation that the company will continue in operational existence for at least 12 months from the date of approval of the financial statements. Therefore the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less accumulated amortisation and any accumulated impairment losses.

Development costs are amortised evenly over their estimated useful life.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

20% on cost

Plant and machinery

-

15% on reducing balance and at variable rates on reducing balance

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost and 10% on cost

Fixed assets that have been previously revalued are depreciated on their revalued amount, with a transfer for the difference between the historic and revalued depreciation being made between the revaluation and profit and loss reserves. Revaluations are made as and when the directors consider it necessary to do so to reflect the fair value of the assets involved.

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.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

For financial assets carried at amortised costs, the amount of an impairment is the difference between the asset's carrying amount and the present value of estimated future cash flows, discounted at the financial asset's original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for the decrease in impairment loss, and the decrease can be related objectively to an event occuring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

Accrued income on long term contracts

Accrued income on long term contracts are calculated based on actual costs completed to date at the year end plus a 20% margin to recognise any potential profit.

3.

TURNOVER

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

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

2026

2025

£

£

Studio sales

5,519,444

6,412,748

Recruitment

12,681,260

14,491,058

18,200,704

20,903,806

An analysis of turnover by geographical market is given below:

2026

2025

£

£

United Kingdom

16,289,630

18,832,282

Rest of world

1,911,074

2,071,524

18,200,704

20,903,806

4.	EMPLOYEES AND DIRECTORS

2026

2025

£

£

Wages and salaries

2,323,208

3,239,119

Social security costs

318,837

386,333

Other pension costs

71,166

67,336

2,713,211

3,692,788

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

2026

2025

Staff

39

51

Directors

3

3

42

54

2026

2025

£

£

Directors' remuneration

131,452

126,781

Directors' pension contributions to money purchase schemes

37,993

39,198

5.	OPERATING PROFIT

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

2026

2025

£

£

Depreciation - owned assets

419,914

368,831

Depreciation - assets on hire purchase contracts

145,445

91,420

Profit on disposal of fixed assets

(6,000

)

-

Auditors' remuneration

27,280

26,492

Operating lease rentals

205,000

205,000

Government grants

(17,626

)

(12,339

)

Net (gains)/losses on foreign exchange

(33,840

)

11,036

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2026

2025

£

£

Bank loan interest

2,698

11,476

Corporation tax interest

-

7,922

Hire purchase

30,764

20,058

33,462

39,456

7.

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

124,613

(78,500

)

Over / under provisions in

prior years

-

190,317

Total current tax

124,613

111,817

Deferred tax

(59,668

)

156,840

Tax on profit

64,945

268,657

Reconciliation of total tax charge included in profit and loss

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

2026

2025

£

£

Profit before tax

596,304

525,703

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

149,076

131,426

Effects of:

Expenses not deductible for tax purposes

2,988

719

Capital allowances in excess of depreciation

-

(148,603

)

Depreciation in excess of capital allowances

56,870

-

Deferred Tax movement

(59,668

)

156,840

R&D Claim adjustment

(84,321

)

(78,500

)

Group relief

-

16,458

Tax under-provision prior period

-

190,317

Total tax charge

64,945

268,657

8.

DIVIDENDS

2026

2025

£

£

Ordinary shares of £1 each

Interim

-

1,000,000

9.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1 May 2025

8,975

Additions

5,000

At 30 April 2026

13,975

NET BOOK VALUE

At 30 April 2026

13,975

At 30 April 2025

8,975

10.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST OR VALUATION

At 1 May 2025

1,082,082

2,123,408

666,849

646,156

4,518,495

Additions

60,321

240,170

19,739

21,989

342,219

Disposals

-

-

-

(19,701

)

(19,701

)

At 30 April 2026

1,142,403

2,363,578

686,588

648,444

4,841,013

DEPRECIATION

At 1 May 2025

290,328

1,025,343

273,577

264,907

1,854,155

Charge for year

223,253

158,829

92,991

90,286

565,359

Eliminated on disposal

-

-

-

(19,701

)

(19,701

)

At 30 April 2026

513,581

1,184,172

366,568

335,492

2,399,813

NET BOOK VALUE

At 30 April 2026

628,822

1,179,406

320,020

312,952

2,441,200

At 30 April 2025

791,754

1,098,065

393,272

381,249

2,664,340