N.M.T GROUP HOLDINGS LIMITED

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

28TH FEBRUARY 2026

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Consolidated Statement of Income and Retained Earnings

9

Consolidated Balance Sheet

10

Company Balance Sheet

11

Consolidated Cash Flow Statement

12

Notes to the Consolidated Cash Flow Statement

13

Notes to the Consolidated Financial Statements

14

DIRECTORS:

Mrs R E Ambridge

J D Ambridge

REGISTERED OFFICE:

Telegraph House

Windsor Road

Bedford

Bedfordshire

MK42 9TA

REGISTERED NUMBER:

14823228 (England and Wales)

AUDITORS:

HW Bedford Limited

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

The directors present their strategic report of the company and the group for the year ended 28th February 2026.

REVIEW OF BUSINESS

The Group's principal activity is the short term hire of a fleet of cranes to the construction industry.

The results consolidate the trade of N.M.T Plant & Crane Hire Limited and it's subsidiary companies; N.M.T.Plant Hire Limited, NMT Crane Hire Ltd and Crane Mats & Tackle Ltd.

The group reported a turnover of almost £8.5m for the year compared to £9.6m in the previous year. Profit before tax was £0.2m compared with profits before tax of £2.4m in 2025.

The group continues to invest in new cranes with £4.8m of new capital acquired in the year. This will ensure that demand for crane services can be met as there is less reliance on subcontractors.

PRINCIPAL RISKS AND UNCERTAINTIES

The principal risks and uncertainties faced by the group are the general economic background. The group addresses this risk through continued investment in the crane fleet to ensure that it remains a modern fleet which is capable of satisfying market demands.

There have been a few crane companies that have gone into administration recently and this has highlighted the tough trading conditions.

Financial risk management

The group's operations expose it to a variety of financial risks that include foreign exchange risk, interest rate risk, credit risk and cash flow risk.

Foreign exchange rate risk arises from transactions when goods and services are bought or sold in currencies other than Sterling. Limited transactions of this nature arise in the group and if necessary the risk would be managed by way of a forward or spot contract based on management's assessment of the relevant currencies.

The effects of credit risk are controlled as the group has implemented policies that require appropriate credit checks on potential customers before sales are made. The amount of exposure to any individual counterparty is subject to a limit, which is reassessed ny the Board. The Board receives regular reports on amounts due and amounts significantly overdue and the relevant action taken.

The Group has a number of fixed assets which were acquired under hire purchase contracts. The interest rates are fixed and this gives certainty over the cash outflows.

Non-financial risks

The key non-financial risks facing the business are competition and the risk to personnel and reputation in the event of serious accident involving a crane. The Board continually monitors these risks and has robust controls and processes in place to minimise the risk to the company.

KEY PERFORMANCE INDICATORS ("KPI'S")

The main indicators used to measure performance in the Group are; the Gross Profit Margin and the Net Assets.

The Gross Profit Margin reported for the year is 25% compared with the three month period in 2025 of 40%. The reduction is primarily due to a revision in the value of certain fixed assets. Additional depreciation has been charged in 2026.

The Net Assets of the Group at the balance sheet date was £2.09m (2025: £2.07m).

ON BEHALF OF THE BOARD:

Mrs R E Ambridge - Director

27th October 2026

The directors present their report with the financial statements of the company and the group for the year ended 28th February 2026.

DIVIDENDS

Interim dividends per share were paid as follows:

Ordinary A £1 shares

500

- 28th February 2026

Ordinary B £1 shares

500

- 28th February 2026

The directors recommend that no final dividends be paid.

The total distribution of dividends for the year ended 28th February 2026 will be £ 50,000 .

DIRECTORS

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

Mrs R E Ambridge

J D Ambridge

STATEMENT OF DIRECTORS' RESPONSIBILITIES

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

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

-	select suitable accounting policies and then apply them consistently;

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

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

AUDITORS

The auditors, HW Bedford Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mrs R E Ambridge - Director

27th October 2026

Opinion

We have audited the financial statements of N.M.T Group Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 28th February 2026 which comprise the Consolidated Statement of Income and Retained Earnings, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 28th February 2026 and of the group's profit for the year then ended;

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

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

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

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

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Matters on which we are required to report by exception

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

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

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

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

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

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

Responsibilities of directors

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

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

Auditors' responsibilities for the audit of the financial statements

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

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:

- Identifying and assessing the controls management has in place to prevent and detect fraud;

- Understanding how those charged with governance considered and addressed the potential for override of controls or

other inappropriate influence over the financial reporting process;

- Challenging assumptions and judgments made by management in its significant accounting estimates and judgments. The key estimates being that of the asset lives and residual values.

- Identifying and testing journal entries, in particular journal entries posted with unusual account combinations; and

- Assessing the extent of compliance with the relevant laws and regulations.

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

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.

Alberto Di Lorenzo FCA (Senior Statutory Auditor)

for and on behalf of HW Bedford Limited

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

27th October 2026

TURNOVER

8,498,664

9,582,860

Cost of sales

6,380,583

5,736,319

GROSS PROFIT

2,118,081

3,846,541

Administrative expenses

1,502,280

1,163,531

OPERATING PROFIT

4

615,801

2,683,010

Interest receivable and similar income

3,564

4,999

619,365

2,688,009

Interest payable and similar expenses

5

412,027

282,738

PROFIT BEFORE TAXATION

207,338

2,405,271

Tax on profit

6

84,912

636,007

PROFIT FOR THE FINANCIAL YEAR

122,426

1,769,264

Retained earnings at beginning of year

2,068,132

298,868

Dividends

8

(50,000

)

-

RETAINED EARNINGS FOR THE GROUP AT END OF YEAR

2,140,558

2,068,132

Profit attributable to:

Owners of the parent

72,426

1,769,264

Non-controlling interests

50,000

-

122,426

1,769,264

FIXED ASSETS

Intangible assets

9

955,894

1,034,547

Tangible assets

10

11,590,570

9,687,880

Investments

11

-

-

12,546,464

10,722,427

CURRENT ASSETS

Stocks

12

32,060

32,060

Debtors

13

2,503,305

1,298,801

Cash at bank and in hand

435,604

1,308,037

2,970,969

2,638,898

CREDITORS

Amounts falling due within one year

14

2,785,698

3,444,636

NET CURRENT ASSETS/(LIABILITIES)

185,271

(805,738

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,731,735

9,916,689

CREDITORS

Amounts falling due after more than one year

15

(7,745,970

)

(5,847,563

)

PROVISIONS FOR LIABILITIES

19

(2,895,106

)

(2,000,893

)

NET ASSETS

2,090,659

2,068,233

CAPITAL AND RESERVES

Called up share capital

20

100

100

Retained earnings

21

2,090,558

2,068,132

SHAREHOLDERS' FUNDS

2,090,658

2,068,232

NON-CONTROLLING INTERESTS

22

1

1

TOTAL EQUITY

2,090,659

2,068,233

The financial statements were approved by the Board of Directors and authorised for issue on 27th October 2026 and were signed on its behalf by:

Mrs R E Ambridge - Director

FIXED ASSETS

Intangible assets

9

-

-

Tangible assets

10

-

-

Investments

11

8,150,973

8,105,973

8,150,973

8,105,973

CURRENT ASSETS

Debtors

13

19,200

14,200

CREDITORS

Amounts falling due within one year

14

25,523

821,823

NET CURRENT LIABILITIES

(6,323

)

(807,623

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,144,650

7,298,350

CREDITORS

Amounts falling due after more than one year

15

1,500,000

1,500,000

NET ASSETS

6,644,650

5,798,350

CAPITAL AND RESERVES

Called up share capital

20

100

100

Retained earnings

21

6,644,550

5,798,250

SHAREHOLDERS' FUNDS

6,644,650

5,798,350

Company's profit for the financial year

896,300

998,250

The financial statements were approved by the Board of Directors and authorised for issue on 27th October 2026 and were signed on its behalf by:

Mrs R E Ambridge - Director

Cash flows from operating activities

Cash generated from operations

1

1,590,768

3,453,672

Interest paid

(81,145

)

(91,325

)

Interest element of hire purchase payments paid

(330,882

)

(191,412

)

Tax paid

(129,205

)

(136,288

)

Net cash from operating activities

1,049,536

3,034,647

Cash flows from investing activities

Purchase of intangible fixed assets

(45,000

)

(7,248

)

Purchase of tangible fixed assets

(4,894,658

)

(2,887,828

)

Sale of tangible fixed assets

1,391,476

39,229

Interest received

3,564

4,999

Net cash from investing activities

(3,544,618

)

(2,850,848

)

Cash flows from financing activities

Loan repayments in year

(280,939

)

(261,826

)

Loan notes

(730,000

)

(410,000

)

Capital repayments on hire purchase

2,677,888

1,159,674

Amount introduced by directors

50,705

-

Amount withdrawn by directors

4,995

(14,500

)

Share issue

-

1

Dividends paid to NCI

(50,000

)

-

Equity dividends paid

(50,000

)

-

Net cash from financing activities

1,622,649

473,349

(Decrease)/increase in cash and cash equivalents

(872,433

)

657,148

Cash and cash equivalents at beginning of year

2

1,308,037

650,889

Cash and cash equivalents at end of year

2

435,604

1,308,037

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

2026

2025

£

£

Profit before taxation

207,338

2,405,271

Depreciation charges

1,483,683

591,975

Loss/(profit) on disposal of fixed assets

240,462

(24,991

)

Finance costs

412,027

282,738

Finance income

(3,564

)

(4,999

)

2,339,946

3,249,994

Decrease in stocks

-

5,540

(Increase)/decrease in trade and other debtors

(400,403

)

537,279

Decrease in trade and other creditors

(348,775

)

(339,141

)

Cash generated from operations

1,590,768

3,453,672

2.	CASH AND CASH EQUIVALENTS

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

Year ended 28th February 2026

28/2/26

1/3/25

£

£

Cash and cash equivalents

435,604

1,308,037

Year ended 28th February 2025

28/2/25

1/3/24

£

£

Cash and cash equivalents

1,308,037

650,889

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1/3/25

Cash flow

At 28/2/26

£

£

£

Net cash

Cash at bank and in hand

1,308,037

(872,433

)

435,604

1,308,037

(872,433

)

435,604

Debt

Finance leases

(4,283,126

)

(2,677,888

)

(6,961,014

)

Debts falling due within 1 year

(1,010,940

)

709,491

(301,449

)

Debts falling due after 1 year

(2,353,555

)

301,448

(2,052,107

)

(7,647,621

)

(1,666,949

)

(9,314,570

)

Total

(6,339,584

)

(2,539,382

)

(8,878,966

)

1.	STATUTORY INFORMATION

N.M.T Group Holdings 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 General Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Basis of consolidation

The group accounts consolidate the accounts of N.M.T Group Holdings Limited and its subsidiary undertakings for the period ending 28 February each year. The results of subsidiaries acquired or sold are consolidated for the periods from or to the date on which control passed. Acquisitions are accounted for under the acquisition method with goodwill, representing any excess of the fair value of the consideration given over the fair value of the identifiable assets and liabilities acquired, being amortised over the expected useful life.

In the group accounts, interests in associated and joint venture undertakings are accounted for using the equity method of accounting. The consolidated profit and loss account includes the group's share of the operating results, interest, pre-tax results and attributable taxation of such undertakings based on approved financial statements. In the consolidated balance sheet, the interests in associated undertakings are shown as the groups share of the identifiable net assets including any unamortised premium paid on acquisition.

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.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

During the year, there were transactions with one of the close family members of the directors. At the year end, a balance of £498,775 (2025: £951) was payable.

Significant judgements and estimates

Useful lives of plant & machinery

Management apply judgement in assessment of the estimated useful life and residual value of plant and machinery that represents the hire stock of the entity. The resultant depreciation charged to profit and loss is an estimation of the wearing out and consumption of the economic value of the assets in the year.

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 from short term rental of plant and machinery when the service has been provided and invoiced to the customer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

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

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

Plant and machinery

-

25% on reducing balance and straight line over lease term

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on cost and 20% on reducing balance

Computer equipment

-

33% on cost

Tangible fixed assets are initially measured at cost less depreciation.

The assets are reviewed for residual values by actively reviewing the 2nd hand market and using the best estimate at the time based on the age and condition of the fixed asset.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

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 group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

2026

2025

£

£

Wages and salaries

3,157,157

2,990,939

Social security costs

28,948

22,559

Other pension costs

44,004

46,277

3,230,109

3,059,775

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

2026

2025

Directors

2

2

Employees

49

51

51

53

2026

2025

£

£

Directors' remuneration

209,600

182,094

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

Money purchase schemes

2

2

Information regarding the highest paid director for the year ended 28th February 2026 is as follows:

2026

£

Emoluments etc

69,680

4.	OPERATING PROFIT

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

2026

2025

£

£

Other operating leases

17,641

25,624

Depreciation - owned assets

629,485

43,854

Depreciation - assets on hire purchase contracts

730,545

424,871

Loss/(profit) on disposal of fixed assets

240,462

(24,991

)

Goodwill amortisation

123,653

123,251

Auditors' remuneration

17,100

15,250

Foreign exchange differences

16

(38

)

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

2026

2025

£

£

Bank loan interest

71,189

90,303

Interest on late tax payment

9,956

1,023

Hire purchase interest

330,882

191,412

412,027

282,738

6.

TAXATION

Analysis of the tax charge

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

2026

2025

£

£

Current tax:

UK corporation tax

-

159,943

Prior period under/(over) provisions

-

(52

)

Total current tax

-

159,891

Deferred tax

84,912

476,116

Tax on profit

84,912

636,007