REGISTERED NUMBER: 07511276 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 January 2026

for

Watt Energy Saver Ltd

Page

Company Information

1

Strategic Report

2

Report of the Directors

5

Report of the Independent Auditors

7

Income Statement

10

Other Comprehensive Income

11

Statement of Financial Position

12

Statement of Changes in Equity

13

Notes to the Financial Statements

14

DIRECTORS:

Mr C Edmonds

Mr C Oxley

Mr D Whiles

Mrs V Canning

REGISTERED OFFICE:

Elizabeth House

Latimer Way

New Ollerton

Newark

NG22 9QW

REGISTERED NUMBER:

07511276 (England and Wales)

AUDITORS:

SMH Group Audit

Statutory Auditors

5 Westbrook Court

Sharrow Vale Road

Sheffield

South Yorkshire

S11 8YZ

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

REVIEW OF BUSINESS

Watt Energy Saver Ltd has experienced a successful year despite challenging and increasingly competitive market conditions. The continued reduction in solar module prices has impacted overall project values and consequently turnover. The company has remained disciplined in its approach to project selection, focusing on profitable, well managed work rather than pursuing turnover at the expense of margin.

During the year, the company continued to successfully deliver significant projects and maintain strong relationships with key clients including Tesco, Center Parcs and a number of Tier One main contractors. This broad client base, together with continued repeat business, demonstrates the strength of the company's reputation for quality, reliability and delivery.

The business has maintained good continuity and stability throughout the year, with no significant changes to its management or operational structure. This stability has enabled the company to maintain its focus on project delivery, customer service and sustainable profitability.

PRINCIPAL RISKS AND UNCERTAINTIES

The primary risks faced by the company include:

Market Competition and Pricing Pressure: Continued low solar module pricing has resulted in increasingly competitive market conditions and reduced overall contract values. The company continues to manage this risk through disciplined project selection, careful cost management and a focus on projects where technical capability, service and reliability provide value beyond price alone.

Skill Retention and Development: The continued retention and development of skilled employees remains important to the long term success of the business. Under the Employee Ownership Trust structure, the company continues to invest in its workforce, internal development and training, supporting employee engagement, continuity and the maintenance of high standards across the business.

KEY PERFORMANCE INDICATORS (KPI'S)

Financial KPI

- Sustainable Profitability: The company's principal financial objective remains the delivery of sustainable and profitable work rather than growth in turnover for its own sake. Project opportunities are assessed carefully to ensure that appropriate commercial returns can be achieved whilst maintaining the company's standards of quality and delivery.

- Turnover: Turnover decreased by approximately 23% during the year from £16.5m to £12.8m. This reduction reflects continued lower solar module prices, which have reduced overall contract values, together with the company's deliberate focus on selecting profitable work in a challenging market.

- Gross Profit Margin: Despite the reduction in turnover, gross profit margin increased from 38.52% in 2025 to 41.45% in 2026. This improvement reflects disciplined project selection, effective cost management and the company's continued focus on maintaining appropriate project margins.

- Net Profit Margin: Net profit margin increased from approximately 18.18% in 2025 to 19.20% in 2026. Profit after taxation remained strong at £2.45m, demonstrating the underlying profitability and resilience of the business despite lower turnover.

Non Financial KPI

- Customer Relationships and Repeat Business: Maintaining strong long term relationships with clients remains a key priority. Continued work with Tesco, Center Parcs, Tier One contractors and other established clients demonstrates the company's ability to generate repeat business through consistent service and reliable project delivery.

- Employee Retention and Development: The company continues to focus on employee retention, training and professional development under the Employee Ownership Trust structure, supporting a skilled, motivated and committed workforce.

FUTURE PLANS AND STRATEGIC DIRECTION

Looking ahead, Watt Energy Saver Ltd will continue to focus on sustainable profitability, strong customer relationships and maintaining the stability of the business. The company's strategic priorities are:

- Sustainable Profitability: Maintain a disciplined approach to project selection, focusing on projects that provide an appropriate balance between turnover, commercial risk and profitability. The company does not intend to pursue turnover growth at the expense of sustainable margins.

- Diverse Client Base: Continue to operate across a broad mix of commercial, industrial, public sector and Tier One contractor opportunities, reducing reliance on any single market sector or customer.

- Long Term Customer Relationships: Continue developing established client relationships and increasing repeat business through reliable delivery, technical competence and a consistently high level of customer service.

- Customer Service and Aftercare: Maintain a strong focus on post installation support, aftercare and ongoing customer engagement, supporting long term relationships and creating further opportunities for repeat business.

- Workforce Excellence: Continue to recruit, retain and develop a highly skilled workforce. The Employee Ownership Trust remains an important part of the company's long term strategy, supporting employee engagement, continuity and shared responsibility for the future success of the business.

- Technology and Operational Efficiency: Continue to utilise technology and effective systems within design, project management and operational delivery to maintain efficiency, quality and cost control.

- Sustainability: Maintain the company's commitment to renewable energy and sustainable working practices, both within its own operations and through the solutions delivered to customers.

- Financial Management: Continue prudent financial management and effective cost control, maintaining a strong and resilient business capable of responding to changing market conditions.

CONCLUSION

Watt Energy Saver Ltd has delivered a successful financial year despite challenging market conditions and lower overall turnover. The improvement in gross and net profit margins demonstrates the effectiveness of the company's strategy of prioritising profitable, well managed projects rather than turnover growth alone.

The company enters the next financial year from a position of stability, with strong client relationships, an experienced workforce and a broad market presence. The directors remain focused on sustainable profitability, long term customer relationships, employee development and maintaining the high standards of quality and service upon which the company's reputation has been built.

ON BEHALF OF THE BOARD:

Mr C Edmonds - Director

30 October 2026

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of installation and supply of renewable energy products.

DIVIDENDS

The total distributions of dividends during the year was £1,500,000 (2025: £4,786,001).

DIRECTORS

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

Mr C Edmonds

Mr C Oxley

Mr D Whiles

Mrs V Canning

DONATIONS

During the year, the company made multiple donations totalling £767 (2025: £3,786).

STATEMENT OF DIRECTORS' RESPONSIBILITIES

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

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

-	select suitable accounting policies and then apply them consistently;

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

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

AUDITORS

The auditors, SMH Group Audit, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr C Edmonds - Director

30 October 2026

Opinion

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

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 January 2026 and of its profit for the year then ended;

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

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

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

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

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Matters on which we are required to report by exception

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

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

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

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

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

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

Responsibilities of directors

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

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

Auditors' responsibilities for the audit of the financial statements

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

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

Our assessment of the susceptibility to material misstatement, whether by fraud or error, is made in a risk based

approach.

In this approach, laws and regulations applicable to the entity, such as the Companies Act 2006, United Kingdom

Generally Accepted Accounting Practice including Financial Reporting Standard 102, the relevant tax compliance

regulations within the UK, employment law, and Health and Safety law is considered, and the policies and controls the entity has in place to comply with these laws are reviewed, by discussion, reviews of correspondence and registrations monitored by external bodies. The engagement team remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Policies and controls relating to the risk of material misstatement as a result of fraud are also considered. These are

assessed by obtaining an understanding of the company's operations and control environment. The policies and

controls have been reviewed by discussion, review and sample testing of accounting entries, challenging assumptions and judgements, reviewing and evaluating related parties transactions, and wider background searches. Testing of income recognition and cut off is also completed.

We have ensured that the engagement team have appropriate levels of competence and experience to effectively

monitor these risks and carry out work relevant to our assessment of each risk, including consideration of the industry the company operates in and its size and complexity.

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.

James Salim FCCA (Senior Statutory Auditor)

for and on behalf of SMH Group Audit

Statutory Auditors

5 Westbrook Court

Sharrow Vale Road

Sheffield

South Yorkshire

S11 8YZ

30 October 2026

TURNOVER

3

12,535,346

16,519,253

Cost of sales

7,725,969

10,156,805

GROSS PROFIT

4,809,377

6,362,448

Distribution costs

1,112,966

1,096,192

Administrative expenses

984,309

1,227,595

2,097,275

2,323,787

2,712,102

4,038,661

Other operating income

1,276

1,946

OPERATING PROFIT

5

2,713,378

4,040,607

Interest receivable and similar income

30,240

-

2,743,618

4,040,607

Interest payable and similar expenses

6

7,124

47,897

PROFIT BEFORE TAXATION

2,736,494

3,992,710

Tax on profit

7

665,294

990,005

PROFIT FOR THE FINANCIAL YEAR

2,071,200

3,002,705

PROFIT FOR THE YEAR

2,071,200

3,002,705

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

2,071,200

3,002,705

FIXED ASSETS

Tangible assets

9

139,261

141,142

CURRENT ASSETS

Stocks

10

12,810

15,414

Debtors

11

1,967,295

1,274,530

Cash at bank and in hand

3,073,948

2,634,223

5,054,053

3,924,167

CREDITORS

Amounts falling due within one year

12

2,935,820

2,358,799

NET CURRENT ASSETS

2,118,233

1,565,368

TOTAL ASSETS LESS CURRENT LIABILITIES

2,257,494

1,706,510

CREDITORS

Amounts falling due after more than one year

13

(12,057

)

(34,730

)

PROVISIONS FOR LIABILITIES

17

(16,303

)

(13,846

)

NET ASSETS

2,229,134

1,657,934

CAPITAL AND RESERVES

Called up share capital

18

100

100

Retained earnings

2,229,034

1,657,834

SHAREHOLDERS' FUNDS

2,229,134

1,657,934

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

Mr C Edmonds - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 February 2024

100

3,441,130

3,441,230

Changes in equity

Dividends

-

(4,786,001

)

(4,786,001

)

Total comprehensive income

-

3,002,705

3,002,705

Balance at 31 January 2025

100

1,657,834

1,657,934

Changes in equity

Dividends

-

(1,500,000

)

(1,500,000

)

Total comprehensive income

-

2,071,200

2,071,200

Balance at 31 January 2026

100

2,229,034

2,229,134

1.	STATUTORY INFORMATION

Watt Energy Saver Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Financial Reporting Standard 102 - reduced disclosure exemptions

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

•

the requirements of Section 7 Statement of Cash Flows.

Related party exemption

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

Turnover

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

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

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

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

Financial instruments

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.

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 charitable 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 statement of financial position date.

Deferred tax

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

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

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.

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.

Construction contracts

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the reporting end date. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.

When it is probable that total contract costs will exceed total contract turnover, the expected loss is recognised as an expense immediately.

Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable that they will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred. When costs incurred in securing a contract are recognised as an expense in the period in which they are incurred, they are not included in contract costs if the contract is obtained in a subsequent period.

The "percentage of completion method" is used to determine the appropriate amount to recognise in a given period. The stage of completion is measured by the proportion of contract costs incurred for work performed to date compared to the estimated total contract costs. Costs incurred in the year in connection with future activity on a contract are excluded from contract costs in determining the stage of completion. These costs are presented as stocks, prepayments or other assets depending on their nature, and provided it is probable they will be recovered.

3.

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

£

£

PV and Electrical

9,984,094

12,386,107

Mechanical

1,911,644

3,758,356

Maintenance

583,616

374,790

Consultancy

55,992

-

12,535,346

16,519,253

An analysis of turnover by geographical market is given below:

2026

2025

£

£

United Kingdom

12,535,346

16,519,253

12,535,346

16,519,253

4.	EMPLOYEES AND DIRECTORS

2026

2025

£

£

Wages and salaries

1,511,945

1,594,658

Social security costs

50,213

39,063

Other pension costs

25,916

24,001

1,588,074

1,657,722

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

2026

2025

Management

5

5

Office staff

16

14

Directly employed engineers

7

8

28

27

2026

2025

£

£

Directors' remuneration

360,932

319,454

Directors' pension contributions to money purchase schemes

3,963

4,033

Information regarding the highest paid director is as follows:

2026

2025

£

£

Emoluments etc

110,269

107,841

Pension contributions to money purchase schemes

1,321

1,321

5.	OPERATING PROFIT

The operating profit is stated after charging:

2026

2025

£

£

Depreciation - owned assets

23,363

22,953

Depreciation - assets on hire purchase contracts

12,480

12,480

Loss on disposal of fixed assets

-

1,500

Auditors' remuneration

16,000

12,000

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2026

2025

£

£

Bank loan interest

4,950

2,398

Corp tax interest

-

43,325

Hire purchase

2,174

2,174

7,124

47,897

7.

TAXATION

Analysis of the tax charge

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

2026

2025

£

£

Current tax:

UK corporation tax

662,837

992,013

Deferred tax

2,457

(2,008

)

Tax on profit

665,294

990,005

Reconciliation of total tax charge included in profit and loss

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

2026

2025

£

£

Profit before tax

2,736,494

3,992,710

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

684,124

998,178

Effects of:

Expenses not deductible for tax purposes

(19,709

)

(14,197

)

Capital allowances in excess of depreciation

(1,578

)

-

Depreciation in excess of capital allowances

-

8,032

tax rates

Deferred Tax

2,457

(2,008

)

Total tax charge

665,294

990,005

8.

DIVIDENDS

2026

2025

£

£

Interim

1,500,000

4,786,001

9.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 February 2025

57,583

29,686

139,589

73,416

300,274

Additions

1,110

-

-

32,852

33,962

At 31 January 2026

58,693

29,686

139,589

106,268

334,236

DEPRECIATION

At 1 February 2025

39,745

18,143

64,661

36,583

159,132

Charge for year

3,773

2,308

18,732

11,030

35,843

At 31 January 2026

43,518

20,451

83,393

47,613

194,975

NET BOOK VALUE

At 31 January 2026

15,175

9,235

56,196

58,655

139,261

At 31 January 2025

17,838

11,543

74,928

36,833

141,142

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 February 2025

and 31 January 2026

64,594

DEPRECIATION

At 1 February 2025

14,674

Charge for year

12,480

At 31 January 2026

27,154

NET BOOK VALUE

At 31 January 2026

37,440

At 31 January 2025

49,920

10.

STOCKS

2026

2025

£

£

Stocks

12,810

15,414