REGISTERED NUMBER: 03376322 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

FOR

GARRARD WINDOWS LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Income Statement

9

Other Comprehensive Income

10

Statement of Financial Position

11

Statement of Changes in Equity

12

Statement of Cash Flows

13

Notes to the Statement of Cash Flows

14

Notes to the Financial Statements

15

DIRECTORS:

Mr S Leek

Miss N S Williams

Mrs R Wiffin

Mr A J Webb

SECRETARY:

Miss N S Williams

REGISTERED OFFICE:

260 - 270

Butterfield

Great Marlings

Luton

Bedfordshire

LU2 8DL

BUSINESS ADDRESS:

Units 1 and 2 Harvington Park

Westfield Road

Pitstone

Beds

LU7 9GX

REGISTERED NUMBER:

03376322 (England and Wales)

AUDITORS:

FKCA Limited

260 - 270 Butterfield

Great Marlings

Luton

Bedfordshire

LU2 8DL

The directors present their strategic report for the year ended 28 February 2026.

REVIEW OF BUSINESS

Fair review of the business

The key financial highlights are as follows:

2026

2025

2024

2023

Turnover

£28,970,198

£29,874,236

£32,230,740

£34,823,790

Turnover growth/(fall)

(3%)

(7%)

(7%)

(2%)

Gross profit margin

30%

27%

25%

29%

Profit/(loss) before tax

£804,356

£87,691

(£333,813)

£2,169,166

The UK economy still seems to be struggling, and the lack of "feel good" factor, coupled with constant talk about the cost of living crisis is undoubtedly holding a lot of people back from spending large amounts on home improvements. The final quarter of 2025 and into early 2026 did start to feel better. Things were still tough. The war in Ukraine was still going on, there was still talk of a cost of living crisis, and employers were still suffering from the hike in employers national insurance and the ever increasing above inflation minimum wage, but things were feeling more stable, and those that could, seemed to be starting to spend more on home improvements. We were becoming hopeful that 2026 might show a bit of an upturn, however on the last day of our financial year America and Israel started to bomb Iraq, sending the world back into a state of uncertainty.

Despite all of the above Garrard Windows Limited has had a reasonably profitable year. We put this down to excellent customer service and quality, resulting in a happy, loyal customer base, coupled with keeping a keen eye on costs and overheads, especially staffing levels.

Future developments

Our net worth has continued to get stronger, and we have identified some areas where profitability can be increased in the coming year.

PRINCIPAL RISKS AND UNCERTAINTIES

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

Due to the nature of the financial instruments used by the company there is no exposure to price risk. The company's approach to managing other risks applicable to the financial instruments are covered below.

In respect of bank balances the liquidity risk is managed by maintaining a balance between the continuity of funding and flexibility through the use of current and short term deposit accounts at varying rates of interest.

Trade debtors are managed in respect of credit and cash flow risk by policies concerning the credit offered to customers and the regular monitoring of amounts outstanding.

Trade creditors liquidity risk is managed by ensuring sufficient funds are available to meet amounts due.

Operational risk is managed by a defined structure for managing production and costs which is monitored by the Board on a regular basis.

ON BEHALF OF THE BOARD:

Miss N S Williams - Director

27 October 2026

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the manufacture and sale of double glazed windows and doors.

DIVIDENDS

The total distribution of dividends for the period ended 28 February 2026 will be £Nil (2025 - £Nil).

DIRECTORS

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

Mr S Leek

Miss N S Williams

Mrs R Wiffin

Mr A J Webb

DISCLOSURE IN THE STRATEGIC REPORT

Information relating to principal risks and uncertainties the company is facing as well as the future developments of the company has been disclosed in the Strategic Report.

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 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.

ON BEHALF OF THE BOARD:

Miss N S Williams - Director

27 October 2026

Opinion

We have audited the financial statements of Garrard Windows Limited (the 'company') for the year ended 28 February 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 28 February 2026 and of its profit for the year then ended;

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

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

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

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

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Matters on which we are required to report by exception

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

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

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

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

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

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

Responsibilities of directors

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

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

Auditors' responsibilities for the audit of the financial statements

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

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

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. Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud

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 sector in which the company operates;

- We focused on specific laws and regulations which we considered may have a direct impact material effect on the

financial statements, or the operations of the company which included the Companies Act 2006, taxation legislation,

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; and

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

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to involve the completeness of timing of income recognition, the override of controls by management and through related parties.

To address the risk of fraud in relation to revenue recognition, we:

- Performed detailed substantive testing to address completeness and accuracy of sales

- Assessed the appropriateness and application of the accounting policy concerning income recognition; and

- Performed detailed cut-off testing either side of the balance sheet date.

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

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

- Tested journal entries to identify unusual transactions;

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

- Investigated the rationale behind significant or unusual transactions.

To address the risk of fraud through related parties, we:

- Identified related parties through enquires with directors;

- Reviewed entries into the nominal ledger to identify related party transactions;

- Investigated the rationale behind significant or unusual transactions.

Because of 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. 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.

Tara Aldwin ACA (Senior Statutory Auditor)

for and on behalf of FKCA Limited

260 - 270 Butterfield

Great Marlings

Luton

Bedfordshire

LU2 8DL

29 October 2026

TURNOVER

4

28,970,198

29,874,236

Cost of sales

20,389,724

21,816,797

GROSS PROFIT

8,580,474

8,057,439

Administrative expenses

7,851,491

8,009,107

728,983

48,332

Other operating income

-

13,625

OPERATING PROFIT

7

728,983

61,957

Interest receivable and similar income

95,648

57,383

824,631

119,340

Interest payable and similar expenses

8

20,275

31,649

PROFIT BEFORE TAXATION

804,356

87,691

Tax on profit

9

201,151

20,972

PROFIT FOR THE FINANCIAL YEAR

603,205

66,719

PROFIT FOR THE YEAR

603,205

66,719

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

603,205

66,719

FIXED ASSETS

Tangible assets

10

632,755

765,253

CURRENT ASSETS

Stocks

11

3,632,679

3,795,133

Debtors

12

2,466,869

2,457,906

Cash at bank and in hand

4,973,498

4,329,973

11,073,046

10,583,012

CREDITORS

Amounts falling due within one year

13

2,499,485

2,777,761

NET CURRENT ASSETS

8,573,561

7,805,251

TOTAL ASSETS LESS CURRENT LIABILITIES

9,206,316

8,570,504

CREDITORS

Amounts falling due after more than one year

14

(36,067

)

(88,630

)

PROVISIONS FOR LIABILITIES

17

(126,944

)

(41,774

)

NET ASSETS

9,043,305

8,440,100

CAPITAL AND RESERVES

Called up share capital

18

100

100

Retained earnings

19

9,043,205

8,440,000

SHAREHOLDERS' FUNDS

9,043,305

8,440,100

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

Mr S Leek - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 March 2024

100

8,373,281

8,373,381

Changes in equity

Total comprehensive income

-

66,719

66,719

Balance at 28 February 2025

100

8,440,000

8,440,100

Changes in equity

Total comprehensive income

-

603,205

603,205

Balance at 28 February 2026

100

9,043,205

9,043,305

Cash flows from operating activities

Cash generated from operations

1

765,980

1,487,788

Interest element of hire purchase payments paid

(20,275

)

(31,652

)

Tax paid

(13,332

)

-

Net cash from operating activities

732,373

1,456,136

Cash flows from investing activities

Purchase of tangible fixed assets

(19,492

)

(70,387

)

Sale of tangible fixed assets

10,867

17,667

Interest received

95,648

57,383

Net cash from investing activities

87,023

4,663

Cash flows from financing activities

Capital repayments in year

(175,871

)

(201,032

)

Net cash from financing activities

(175,871

)

(201,032

)

Increase in cash and cash equivalents

643,525

1,259,767

Cash and cash equivalents at beginning of year

2

4,329,973

3,070,206

Cash and cash equivalents at end of year

2

4,973,498

4,329,973

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

2026

2025

£

£

Profit before taxation

804,356

87,691

Depreciation charges

209,506

246,248

Loss on disposal of fixed assets

2,347

8,718

Finance costs

20,275

31,649

Finance income

(95,648

)

(57,383

)

940,836

316,923

Decrease in stocks

162,455

823,968

(Increase)/decrease in trade and other debtors

(8,963

)

285,277

(Decrease)/increase in trade and other creditors

(328,348

)

61,620

Cash generated from operations

765,980

1,487,788

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 28 February 2026

28.2.26

1.3.25

£

£

Cash and cash equivalents

4,973,498

4,329,973

Year ended 28 February 2025

28.2.25

1.3.24

£

£

Cash and cash equivalents

4,329,973

3,070,206

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.3.25

Cash flow

At 28.2.26

£

£

£

Net cash

Cash at bank and in hand

4,329,973

643,525

4,973,498

4,329,973

643,525

4,973,498

Debt

Finance leases

(250,502

)

105,140

(145,362

)

(250,502

)

105,140

(145,362

)

Total

4,079,471

748,665

4,828,136

1.	STATUTORY INFORMATION

Garrard Windows 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Going concern

The directors have considered the financial health of the company and are confident that the company, at the date of signing, will continue as a going concern for the foreseeable future.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover

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

Other income

Other income comprises income not arising from the principal activities of the Company and is recognised when it is probable that the economic benefits associated with the transaction will flow to the Company and the amount of the income can be measured reliably.

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.

Improvements to property

-

Over the term of the lease

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Tangible assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments, discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

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 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.

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 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.

4.

TURNOVER

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

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

2026

2025

£

£

Aluminium

10,256,184

8,848,845

PVC

17,489,867

17,935,146

Other

1,224,147

3,090,245

28,970,198

29,874,236

5.	EMPLOYEES AND DIRECTORS

2026

2025

£

£

Wages and salaries

9,939,552

10,815,272

Social security costs

1,200,843

1,007,420

Other pension costs

127,073

133,371

11,267,468

11,956,063

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

2026

2025

Directors

4

4

Factory

168

188

Drivers

14

16

Admin

28

35

214

243

6.	DIRECTORS' EMOLUMENTS

2026

2025

£

£

Directors' remuneration

1,534,000

1,381,000

Information regarding the highest paid director is as follows:

2026

2025

£

£

Emoluments etc

616,000

556,000

Key management remuneration

Key management includes the directors and members of senior management. The remuneration paid or payable to key management for employee services totalled £1,797,216 (2025: £1,643,141).

7.	OPERATING PROFIT

The operating profit is stated after charging:

2026

2025

£

£

Hire of plant and machinery

10,203

8,586

Depreciation - owned assets

115,943

123,809

Depreciation - assets on hire purchase contracts

93,564

122,438

Loss on disposal of fixed assets

2,347

8,718

Auditors' remuneration

11,000

10,500

Auditors' remuneration for non audit work

10,010

5,391

8.

INTEREST PAYABLE AND SIMILAR EXPENSES

2026

2025

£

£

Hire purchase

20,275

31,649