REGISTERED NUMBER: 06922118 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 31 January 2026

for

80s Casual Classics Ltd

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Income Statement

8

Other Comprehensive Income

9

Statement of Financial Position

10

Statement of Changes in Equity

11

Statement of Cash Flows

12

Notes to the Statement of Cash Flows

13

Notes to the Financial Statements

14

DIRECTORS:

N Primett

J Hunt

J Primett

Miss C Elliott

I Wells

REGISTERED OFFICE:

Unit 16 Triumph Way

Woburn Road Industrial Estate

Kempston

Bedford

Bedfordshire

MK42 7QB

REGISTERED NUMBER:

06922118 (England and Wales)

SENIOR STATUTORY AUDITOR:

Helen Jones FCA

AUDITORS:

GREGORY WILDMAN

Statutory Auditors

Chartered Accountants

The Granary

Crowhill Farm

Ravensden Road

Wilden, Bedford

MK44 2QS

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

REVIEW OF BUSINESS

As shown in the company's profit and loss account, there has been an increase in turnover of 32.7% over the prior 12 month period which has resulted in a gross profit of £10,731,866 (46.5%) (2025 - £8,253,033 (47.4%)) and a profit on ordinary activities before tax of £5,042,093 (2025 - £4,613,665).

This year has proven to be another year with the company expanding further on its customer loyalty with growth across both styles and brands unique to 80s Casual Classics being the destination for online shopping. This along with efforts to gain greater engagement through social media whether organic or paid has ensured the continued profitability of the business and avoids price sensitive competition.

PRINCIPAL RISKS AND UNCERTAINTIES

Any business undertaking will involve some risk with many factors common to any business regardless of what sector it operates in. However, the Directors consider that certain risks and uncertainties are more specific to the Company and the fashion retail sector in which it operates. These risks and uncertainties include the following:

Market risk

The company regularly reviews market and industry events, monitors publications and social media to ensure adequate provision is made to mitigate any potential exposure to risk, together with monitoring seasonal weather variations.

In addition, the location and influence of competitors both in physical retail and online digital platforms are monitored closely.

Supply risk

The ability to access, and the dependence on, key brands together with potential delays in product delivery due to product sourcing and timing of deliveries. To manage this risk, the company maintains a close relationship with suppliers and key brands.

Liquidity risk

Liquidity risk is the risk that an entity will encounter difficulty in meeting obligations associated with financial liabilities. The company ensures that there are adequate funds available to meet its operational requirements.

Credit risk

The risk that a counterparty will fail to discharge its obligations, resulting in a financial loss to the Company.

The Company's principal financial assets subject to credit risk comprise trade and other receivables, amounts due from related parties and cash and cash equivalents.

At the reporting date, the Company had an amount of £1.4 million due from a company under common control. The balance is considered recoverable and management has assessed the associated risk as low. No impairment provision has been recognised in respect of this balance.

The Company also held £11.35 million in cash deposits with financial institutions at the reporting date. Credit risk arising from these deposits is considered low as the funds are held with established financial institutions.

The Directors continue to endeavour to manage these risks and uncertainties to the extent possible within the business.

ON BEHALF OF THE BOARD:

N Primett - Director

6 October 2026

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of online and store retailer of retro and original clothing.

DIVIDENDS

No dividends will be distributed for the year ended 31 January 2026.

FUTURE DEVELOPMENTS

The Company's focus this year is set on the landmark 20 year anniversary of the business with events across all stores. Looking at all classics and best sellers while progressing the business and brands to cover all bases on best sellers, best margins. Increased efforts to raise the company profile as a number one destination. Continuing to build relations with all suppliers with design input and marketing strategy alongside 80s Casual Classics.

DIRECTORS

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

N Primett

J Hunt

J Primett

Miss C Elliott

Other changes in directors holding office are as follows:

I Wells - appointed 1 August 2025

GOING CONCERN

The directors have assessed the company's ability to continue as a going concern and are satisfied that it has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.

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 or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, GREGORY WILDMAN, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

N Primett - Director

6 October 2026

Opinion

We have audited the financial statements of 80s Casual Classics Ltd (the 'company') for the year ended 31 January 2026 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the Statement of Cash Flows, 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 January 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 three, 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory frameworks within which the company operates focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations in this context were the Companies Act 2006 and UK tax legislation. We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statements.

We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements and the financial report (including the risk of override of controls) and determined that the principal risks were related to posting inappropriate entries including journals to overstate revenue or understate expenditure and management bias in accounting estimates.

Our audit procedures to respond to these risks, performed by the engagement team, included:

- Enquiries of management, and the Directors about their own identification and assessment of the risks of the irregularities, reviewing accounting estimates for biases and reviewing regulatory correspondence;

- Performing audit work over the risk of management override of controls, including testing of manual journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias;

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

- We have confirmed the revenue recognition basis is appropriate, we have performed tests of detail for transactions recognised either side of the period end to determine whether revenue has been recorded in the correct financial period.

Owing to the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation, even though we have properly planned and performed our audit in accordance with auditing standards. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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.

Helen Jones FCA (Senior Statutory Auditor)

for and on behalf of GREGORY WILDMAN

Statutory Auditors

Chartered Accountants

The Granary

Crowhill Farm

Ravensden Road

Wilden, Bedford

MK44 2QS

6 October 2026

TURNOVER

3

23,101,416

17,410,591

Cost of sales

12,369,550

9,157,558

GROSS PROFIT

10,731,866

8,253,033

Administrative expenses

5,938,347

3,823,294

OPERATING PROFIT

5

4,793,519

4,429,739

Interest receivable and similar income

7

255,708

188,978

5,049,227

4,618,717

Interest payable and similar expenses

8

7,134

5,052

PROFIT BEFORE TAXATION

5,042,093

4,613,665

Tax on profit

9

1,315,359

1,167,833

PROFIT FOR THE FINANCIAL YEAR

3,726,734

3,445,832

PROFIT FOR THE YEAR

3,726,734

3,445,832

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

3,726,734

3,445,832

FIXED ASSETS

Intangible assets

10

-

-

Tangible assets

11

302,109

266,361

Investments

12

45,001

145,001

347,110

411,362

CURRENT ASSETS

Stocks

13

3,629,351

3,447,980

Debtors

14

1,678,177

1,497,414

Cash at bank and in hand

11,352,806

7,766,216

16,660,334

12,711,610

CREDITORS

Amounts falling due within one year

15

2,766,409

2,549,767

NET CURRENT ASSETS

13,893,925

10,161,843

TOTAL ASSETS LESS CURRENT LIABILITIES

14,241,035

10,573,205

PROVISIONS FOR LIABILITIES

17

114,536

173,440

NET ASSETS

14,126,499

10,399,765

CAPITAL AND RESERVES

Called up share capital

18

22

22

Retained earnings

19

14,126,477

10,399,743

SHAREHOLDERS' FUNDS

14,126,499

10,399,765

The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2026 and were signed on its behalf by:

N Primett - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 February 2024

22

6,953,911

6,953,933

Changes in equity

Total comprehensive income

-

3,445,832

3,445,832

Balance at 31 January 2025

22

10,399,743

10,399,765

Changes in equity

Total comprehensive income

-

3,726,734

3,726,734

Balance at 31 January 2026

22

14,126,477

14,126,499

Cash flows from operating activities

Cash generated from operations

1

4,955,098

2,851,369

Interest paid

(7,134

)

(5,052

)

Tax paid

(1,372,798

)

(767,844

)

Net cash from operating activities

3,575,166

2,078,473

Cash flows from investing activities

Purchase of business

(210,000

)

-

Purchase of tangible fixed assets

(134,284

)

(198,231

)

Purchase of fixed asset investments

-

(45,000

)

Sale of tangible fixed assets

-

7,394

Disposal of fixed asset investments

100,000

-

Interest received

255,708

188,978

Net cash from investing activities

11,424

(46,859

)

Increase in cash and cash equivalents

3,586,590

2,031,614

Cash and cash equivalents at beginning of year

2

7,766,216

5,734,602

Cash and cash equivalents at end of year

2

11,352,806

7,766,216

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

31.1.26

31.1.25

£

£

Profit before taxation

5,042,093

4,613,665

Depreciation charges

252,608

79,608

Loss on disposal of fixed assets

55,928

157

Lease dilapidation

(68,384

)

(1,430

)

Finance costs

7,134

5,052

Finance income

(255,708

)

(188,978

)

5,033,671

4,508,074

Increase in stocks

(181,371

)

(1,095,634

)

Increase in trade and other debtors

(180,763

)

(1,305,303

)

Increase in trade and other creditors

283,561

744,232

Cash generated from operations

4,955,098

2,851,369

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 31 January 2026

31.1.26

1.2.25

£

£

Cash and cash equivalents

11,352,806

7,766,216

Year ended 31 January 2025

31.1.25

1.2.24

£

£

Cash and cash equivalents

7,766,216

5,734,602

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.2.25

Cash flow

At 31.1.26

£

£

£

Net cash

Cash at bank and in hand

7,766,216

3,586,590

11,352,806

7,766,216

3,586,590

11,352,806

Total

7,766,216

3,586,590

11,352,806

1.	STATUTORY INFORMATION

80s Casual Classics Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised when goods are sold and the title has passed, less provisions for returns. In the case of goods sold through the trading website, title is deemed to have passed when the goods are delivered and the title and control over a product has passed to the customer.

The turnover and profit before tax are attributable to the one principal activity of the Company

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the current year.

Intangible assets

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

Tangible fixed assets

Property, plant and equipment are stated at cost less accumulated depreciation. Such cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all property, plant and equipment, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Short leasehold - straight line over the life of the lease

Capitalised dilapidations - straight line over the life of the lease

Improvements to property - straight line over the life of the lease

Plant & machinery - 20% reducing balance

Fixtures & fittings - 20% reducing balance

Computer equipment - 25% reducing balance

Investments in subsidiaries

Investments in subsidiaries are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Other Investments

Other investments are recorded at cost less impairment.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Net realisable value is based on the estimated selling price less any further costs expected to be incurred to completion and disposal.

Cost is determined using the first-in, first-out (FIFO) method.

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 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit and loss account for the period.

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 for the benefits of its employees. The pension cost charged for the period represents contributions payable by the company to the scheme and amounts to £88,754 (2025 - £21,549).

At the balance sheet date the company had unpaid pension liabilities of £7,556 (2025 - £4,876).

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Impairment of non financial assets

Where there are indicators of impairment of individual assets the company performs impairment testing based on fair value less costs to sell. The fair value less costs to sell calculation is based on observable market prices less incremental costs for disposing of the asset. If the fair value less costs to sell is less than its carrying amount, the carrying amount of the asset is impaired and it is reduced to its recoverable amount through an impairment in profit and loss.

An impairment loss recognised for all assets (excluding goodwill) is reversed in a subsequent period if and only if the reasons for the impairment loss have ceased to apply.

Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less. For the purpose of the cash flow, cash and cash equivalents consist of cash and cash equivalents as defined above, net of outstanding bank overdrafts.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from the impairment are recognised in the income statement in other operating expenses.

Judgements and estimation uncertainty

Management estimation is required to determine the amount of stock provision based upon the average percentages of returns provisions, sales not delivered provisions and other discounts to ensure that stock is correctly valued at the lower of cost and net realisable value.

Management estimation is required to determine the amount of deferred tax assets that can be recognised, based upon likely timing and level of future taxable profits together with an assessment of the effect of future tax planning strategies. Further details are contained in note 17.

3.

TURNOVER

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

An analysis of turnover by geographical market is given below:

31.1.26

31.1.25

£

£

United Kingdom

22,097,209

16,271,900

Europe

670,657

547,960

Other

333,550

590,731

23,101,416

17,410,591

4.	EMPLOYEES AND DIRECTORS

31.1.26

31.1.25

£

£

Wages and salaries

1,999,707

1,536,911

Social security costs

200,572

121,866

Other pension costs

88,754

21,549

2,289,033

1,680,326

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

31.1.26

31.1.25

Warehouse staff

18

16

Office staff

18

11

Management staff

8

8

Store staff

19

10

63

45

31.1.26

31.1.25

£

£

Directors' remuneration

353,395

303,226

Directors' pension contributions to money purchase schemes

65,100

1,321

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

Money purchase schemes

3

2

Information regarding the highest paid director is as follows:

31.1.26

31.1.25

£

£

Emoluments etc

130,001

130,000

Pension contributions to money purchase schemes

60,000

-

5.	OPERATING PROFIT

The operating profit is stated after charging:

31.1.26

31.1.25

£

£

Other operating leases

317,080

203,543

Depreciation - owned assets

72,608

79,610

Loss on disposal of fixed assets

55,928

157

Goodwill amortisation

180,000

-

Foreign exchange differences

6

-

6.	AUDITORS' REMUNERATION

31.1.26

31.1.25

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

23,935

26,350

Auditors' remuneration for non audit work

12,133

10,541

7.

INTEREST RECEIVABLE AND SIMILAR INCOME

31.1.26

31.1.25

£

£

Deposit account interest

255,708

188,978

8.

INTEREST PAYABLE AND SIMILAR EXPENSES

31.1.26

31.1.25

£

£

Corporation tax interest

7,134

5,052

9.

TAXATION

Analysis of the tax charge

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

31.1.26

31.1.25

£

£

Current tax:

UK corporation tax

1,305,879

1,139,880

Deferred tax

9,480

27,953

Tax on profit

1,315,359

1,167,833