REGISTERED NUMBER: 03476994 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

TRUSTCO PLC

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Statement of Comprehensive Income

10

Balance Sheet

11

Statement of Changes in Equity

12

Cash Flow Statement

13

Notes to the Cash Flow Statement

14

Notes to the Financial Statements

15

DIRECTORS:

M Cope

T E Cripps

REGISTERED OFFICE:

30 - 34 North Street

Hailsham

East Sussex

BN27 1DW

REGISTERED NUMBER:

03476994 (England and Wales)

AUDITORS:

Watson Associates (Audit Services) Ltd

Statutory Auditor

30 - 34 North Street

Hailsham

East Sussex

BN27 1DW

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

REVIEW OF BUSINESS

The year has represented an important period of development for the Company, both strategically and structurally. During the year, a management buyout was completed, resulting in full ownership and control transferring to the existing management team. This provides continuity of leadership whilst giving the directors greater autonomy over the Company's future strategic direction and reinforces our long-term commitment to the business.

Turnover for the year was £11,582,412 compared with £14,340,818 in the previous year. The reduction principally reflects the continuing evolution of the Company's revenue mix, with an increased focus on services and value led customer engagements alongside the continued supply of hardware and software. Hardware transactions can carry significant revenue values and consequently changes in the mix of business can materially affect reported turnover. The directors remain focused on sustainable profitability and long term customer value rather than turnover growth in isolation.

The Company continues to operate across both commercial and public sector markets, providing a diversified customer base and reducing reliance on any single sector. Our services portfolio continues to develop as customers increasingly look to Trustco for consultancy, technical expertise and ongoing support alongside technology procurement. Our long-standing customer relationships and broad technology experience allow us to act as a trusted adviser, helping customers navigate an increasingly complex technology landscape.

Rapid developments in artificial intelligence, cloud, cyber security and modern infrastructure continue to create both opportunity and disruption within the IT market. Trustco's broad portfolio of technology partners and independent approach allows us to consider multiple technologies, architectures and procurement routes to achieve customer objectives whilst balancing performance, availability, cost and risk.

The Company continues to invest in its operational standards and governance, maintaining ISO 9001 and ISO 14001 certification together with Cyber Essentials Plus, reflecting our commitment to quality management, environmental responsibility and cyber security.

Looking ahead, the directors remain positive about the Company's future. Following the management buyout, our continued development of services, established customer relationships and diverse public and commercial customer base provide a strong platform for sustainable growth.

The company's key financial and other performance indicators during the year were as follows:

Financial KPIs

Unit

2026

2025

Turnover

£

11,582,412

14,340,818

Gross Profit

£

971,143

1,214,852

Operating profit/(loss)

£

364,838

716,517

Net profit/(loss)

£

270,857

531,919

Net assets

£

420,848

841,867

PRINCIPAL RISKS AND UNCERTAINTIES

The directors recognise that the Company operates within a rapidly changing global technology market and continually considers the principal risks that could affect its operations and future performance.

Geopolitical and economic uncertainty continues to present risk to the technology market. International conflict, trade disruption and volatility in global economic conditions can affect technology pricing, product availability and customer investment. The Company seeks to mitigate these risks through its diversified customer base and maintaining flexibility across its technology and supplier portfolio.

Technology supply chain pressures remain an important consideration. Rapid growth in artificial intelligence infrastructure and associated demand for components, together with wider global supply-chain pressures, can affect product availability and pricing. Trustco maintains relationships across a broad range of manufacturers and distribution partners, enabling alternative technologies and procurement routes to be considered where appropriate.

Cyber security remains a significant risk both to the Company and its customers. The increasing sophistication of cyber threats requires businesses to continually review their security posture. Trustco maintains robust internal controls and documented procedures, supported by Cyber Essentials Plus. The Company also recognises cyber risk within the wider technology supply chain and continues to assess its supplier relationships to reduce third-party exposure where reasonably possible.

Rapid technological change presents both opportunity and risk. Developments across artificial intelligence, cloud, cyber security and infrastructure continue to change customer requirements. The Company seeks to mitigate this through continued investment in technical knowledge and maintaining relationships across a broad range of technology partners.

The availability of skilled resources also remains a challenge across the technology industry. Trustco continues to invest in its people and partner relationships and, where appropriate, supplements internal capability with trusted specialist resources.

The directors believe that the Company's established customer relationships, diversified customer base, broad technology portfolio and continued focus on services provide resilience against these risks and position the Company well to adapt to changing market conditions.

ON BEHALF OF THE BOARD:

T E Cripps - Director

30 September 2026

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the provision of IT hardware, cloud solution services and IT infrastructure services.

DIVIDENDS

The total distribution of dividends for the year ended 31 March 2026 will be £ 299,799 .

RESEARCH AND DEVELOPMENT

Technological advancements, such as artificial intelligence, machine learning, and the Internet of Things, continue to reshape industries and create exciting opportunities. Our company is committed to staying at the forefront of these advancements, leveraging our expertise and experience to deliver innovative solutions that drive efficiency and business growth.

We continue to investigate and seek research and development opportunities that will provide Trustco with competitive advantages into the future.

FUTURE DEVELOPMENTS

Looking ahead to the coming year, we remain cautiously optimistic about the future of the UK IT market but feel that a slowdown may occur, especially in the NHS and Government sectors due to the unrest in parliament and a decreasing appetite to public spending. We believe that the UK commercial sector will continue on a trajectory of acquisitions and consolidation, which may moderate how organisations invests and consumes technology as those organisations reshape and restructure.

While we also anticipate potential hurdles, including regulatory changes and shifting economic landscapes. We recognise the importance of adaptability and agility in navigating these challenges and have built a resilient business model that can weather such storms.

DIRECTORS

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

M Cope

T E Cripps

DIRECTORS' RESPONSIBILITIES STATEMENT

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;

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

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

The 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.

Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.

AUDITORS

The auditors, Watson Associates (Audit Services) Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

T E Cripps - Director

30 September 2026

Opinion

We have audited the financial statements of Trustco PLC (the 'company') for the year ended 31 March 2026 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 March 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 Directors' Responsibilities Statement 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:

Prior to engagement the following audit procedures are considered:

- Identification of laws and regulations being significant in the context of the entity;

- Understanding the entity's current activities, the scope of its authorisation and the effectiveness of its control

environment where the entity is a regulated entity;

- Determining any key audit matters that require further explanation;

Audit procedures performed by the engagement team to detect irregularities, including fraud from instances

of non-compliance with laws and regulations included:

- Discussions with management, including consideration of known or suspected instances of non-compliance

with laws and regulations and fraud;

- Reading key correspondence from regulatory bodies;

- Challenging assumptions and judgements made by management in it's significant accounting estimates that

involved making assumptions and considering future events that are inherently uncertain. We focused on the

valuation of provisions against debtors, and the assessment of impairment of intangible and tangible assets,

as well as any other estimates and provisions within the accounts;

- Consideration of recent correspondence with the companies legal advisors to ensure that it aligned with the

conclusions drawn on obligations recognised in respect of uncertain legal matters;

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

combinations or those posted by unexpected users;

- Reviewing relevant meeting minutes including those of the board of directors

- Testing transactions entered into that are outside of the normal course of the Company's business

We identified areas of laws and regulations that could reasonably be expected to have a material effect on

the financial statements from our general commercial and sector experience, through discussion with the

directors and other management (as required by auditing standards), and from inspection of the group's

regulatory and legal correspondence and discussed with the directors and other management the policies and

procedures regarding compliance with laws and regulations. We communicated identified laws and

regulations throughout our audit team and remained alert to any indications of non-compliance throughout the

audit.

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.

John Charles Males (Senior Statutory Auditor)

for and on behalf of Watson Associates (Audit Services) Ltd

Statutory Auditor

30 - 34 North Street

Hailsham

East Sussex

BN27 1DW

30 September 2026

TURNOVER

11,582,412

14,340,818

Cost of sales

(10,611,269

)

(13,125,966

)

GROSS PROFIT

971,143

1,214,852

Distribution costs

(6,878

)

(4,384

)

Administrative expenses

(602,803

)

(497,495

)

OPERATING PROFIT

5

361,462

712,973

Interest receivable and similar income

3,376

3,545

PROFIT BEFORE TAXATION

364,838

716,518

Tax on profit

6

(93,981

)

(184,599

)

PROFIT FOR THE FINANCIAL YEAR

270,857

531,919

OTHER COMPREHENSIVE LOSS

Own shares purchased

(392,077

)

-

Capital redemption reserve

14,850

-

Income tax relating to components of other comprehensive loss

-

-

OTHER COMPREHENSIVE LOSS FOR THE YEAR, NET OF INCOME TAX

(377,227

)

-

TOTAL COMPREHENSIVE (LOSS)/INCOME FOR THE YEAR

(106,370

)

531,919

FIXED ASSETS

Tangible assets

8

97,445

50,431

CURRENT ASSETS

Stocks

9

3,981

870

Debtors

10

4,125,143

5,708,929

Cash at bank

178,722

121,331

4,307,846

5,831,130

CREDITORS

Amounts falling due within one year

11

(3,968,403

)

(5,027,783

)

NET CURRENT ASSETS

339,443

803,347

TOTAL ASSETS LESS CURRENT LIABILITIES

436,888

853,778

PROVISIONS FOR LIABILITIES

13

(16,040

)

(11,911

)

NET ASSETS

420,848

841,867

CAPITAL AND RESERVES

Called up share capital

14

35,850

50,700

Capital redemption reserve

15

14,850

-

Retained earnings

15

370,148

791,167

SHAREHOLDERS' FUNDS

420,848

841,867

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2026 and were signed on its behalf by:

T E Cripps - Director

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 April 2024

50,700

475,419

-

526,119

Changes in equity

Dividends

-

(216,171

)

-

(216,171

)

Total comprehensive income

-

531,919

-

531,919

Balance at 31 March 2025

50,700

791,167

-

841,867

Changes in equity

Issue of share capital

(14,850

)

-

-

(14,850

)

Dividends

-

(299,799

)

-

(299,799

)

Total comprehensive loss

-

(121,220

)

14,850

(106,370

)

Balance at 31 March 2026

35,850

370,148

14,850

420,848

Cash flows from operating activities

Cash generated from operations

1

1,199,815

(210,203

)

Tax paid

(182,792

)

(71,776

)

Net cash from operating activities

1,017,023

(281,979

)

Cash flows from investing activities

Purchase of tangible fixed assets

(66,830

)

(16,019

)

Interest received

3,376

3,545

Net cash from investing activities

(63,454

)

(12,474

)

Cash flows from financing activities

Amount introduced by directors

14,468

256,163

Amount withdrawn by directors

(32,430

)

(279,123

)

Share buyback

(392,077

)

-

Movement in intercompany balance

(186,340

)

-

Equity dividends paid

(299,799

)

(216,171

)

Net cash from financing activities

(896,178

)

(239,131

)

Increase/(decrease) in cash and cash equivalents

57,391

(533,584

)

Cash and cash equivalents at beginning of year

2

121,331

654,915

Cash and cash equivalents at end of year

2

178,722

121,331

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

2026

2025

£

£

Profit before taxation

364,838

716,518

Depreciation charges

19,816

16,990

Finance income

(3,376

)

(3,545

)

381,278

729,963

Increase in stocks

(3,111

)

-

Decrease/(increase) in trade and other debtors

1,755,658

(1,757,850

)

(Decrease)/increase in trade and other creditors

(934,010

)

817,684

Cash generated from operations

1,199,815

(210,203

)

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 31 March 2026

31.3.26

1.4.25

£

£

Cash and cash equivalents

178,722

121,331

Year ended 31 March 2025

31.3.25

1.4.24

£

£

Cash and cash equivalents

121,331

654,915

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.25

Cash flow

At 31.3.26

£

£

£

Net cash

Cash at bank

121,331

57,391

178,722

121,331

57,391

178,722

Total

121,331

57,391

178,722

1.	STATUTORY INFORMATION

Trustco PLC is a private company , registered in England and Wales. The company's registered number and registered office address can be found on the Company 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.

Turnover

Turnover includes revenue earned from the sale of goods and from the rendering of services stated

after trade discounts, other sales related taxes and net of VAT.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of

the goods has transferred to the buyer. This is usually at the point that the customer has signed for

the delivery of the goods.

Turnover from the rendering of services is recognised by reference to the stage of completion of the

contract. The stage of completion of a contract is measured by comparing the costs incurred for work

performed to date to the total estimated contract costs. Turnover is only recognised to the extent of

recoverable expenses when the outcome of a contract cannot be estimated reliably.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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.

3.	CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

No significant judgements have had to be made by management in preparing these financial statements.

There were no key assumptions made concerning the future, and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

4.	EMPLOYEES AND DIRECTORS

2026

2025

£

£

Wages and salaries

313,302

320,722

Social security costs

31,184

27,230

Other pension costs

3,672

3,972

348,158

351,924

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

2026

2025

Administration and support

6

7

Sales

2

2

Other departments

3

3

11

12

2026

2025

£

£

Directors' remuneration

25,152

25,152

5.	OPERATING PROFIT

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

2026

2025

£

£

Hire of plant and machinery

36,367

37,122

Other operating leases

35,000

35,000

Depreciation - owned assets

19,816

16,989

Auditors' remuneration

12,000

13,500

Foreign exchange differences

117

(21

)

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

89,767

183,223

Prior year

85

-

Total current tax

89,852

183,223

Deferred tax

4,129

1,376

Tax on profit

93,981

184,599

Reconciliation of total tax charge included in profit and loss

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

2026

2025

£

£

Profit before tax

364,838

716,518

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

91,210

179,130

Effects of:

Expenses not deductible for tax purposes

10,437

4,003

Capital allowances in excess of depreciation

(11,880

)

-

Depreciation in excess of capital allowances

-

90

Adjustments to tax charge in respect of previous periods

84

-

Deferred tax

4,130

1,376

Total tax charge

93,981

184,599

Tax effects relating to effects of other comprehensive income

2026

Gross

Tax

Net

£

£

£

Own shares purchased

(392,077

)

-

(392,077

)

Capital redemption reserve

14,850

-

14,850

(377,227

)

-

(377,227

)

7.

DIVIDENDS

2026

2025

£

£

Ordinary shares of £1 each

Final

162,051

143,038

B Ordinary shares of £1 each

Final

137,748

73,133

299,799

216,171

8.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2025

1,372

12,763

102,253

116,388

Additions

-

58,048

8,782

66,830

At 31 March 2026

1,372

70,811

111,035

183,218

DEPRECIATION

At 1 April 2025

1,134

10,469

54,354

65,957

Charge for year

238

4,941

14,637

19,816

At 31 March 2026

1,372

15,410

68,991

85,773

NET BOOK VALUE

At 31 March 2026

-

55,401

42,044

97,445

At 31 March 2025

238

2,294

47,899

50,431

9.

STOCKS

2026

2025

£

£

Stocks

3,981

870