REGISTERED NUMBER: 01856258 (England and Wales)

UNIONBURGER LIMITED

STRATEGIC REPORT,

REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE PERIOD

25 MARCH 2024 TO 30 MARCH 2025

Page

Company Information

1

Strategic Report

2

Report of the Director

3

Report of the Independent Auditors

4

Statement of Income and Retained Earnings

7

Balance Sheet

8

Notes to the Financial Statements

9

DIRECTOR:

Mr C I Baker

SECRETARY:

Mrs A J Baker

REGISTERED OFFICE:

Suite 1 Vivian Court

Phoenix Way

Enterprise Park

Swansea

SA7 9FG

REGISTERED NUMBER:

01856258 (England and Wales)

AUDITORS:

Bevan Buckland LLP

Chartered Accountants

And Statutory Auditors

Ground Floor Cardigan House

Castle Court

Swansea Enterprise Park

Swansea

SA7 9LA

The director presents his strategic report for the period 25 March 2024 to 30 March 2025.

REVIEW OF BUSINESS

The financial period ended 30 March 2025 comprised 53 weeks. The Company delivered strong growth during the period, with turnover reaching £21.3 million. This performance was supported by a full year of trading from three stores that had opened part way through the previous financial year, contributing positively to revenue and operational momentum.

In line with its strategic objectives, the Company made significant investments throughout 2024/25 to support future expansion. These investments included two additional stores, one of which opened at the beginning of the 2025/26 financial year with the second scheduled to open in the foreseeable future.

Despite a challenging economic backdrop, the Company achieved a profit before taxation of £1.07 million. This result reflects the resilience of the business model and the effectiveness of its growth strategy, reinforcing confidence in the long term profitability of the company.

FINANCIAL PERFORMANCE INDICATORS

The company use a variety of performance measures in order to monitor and manage the business effectively.

The performance of the company is shown below.

2025

2024

Turnover £'000

21,339

19,196

Gross Profit Margin (2024 restated)

40%

36%

Average Number of Employees *

281

281

* Full Time Equivalent

FUTURE PLANS

The company continues to monitor its portfolio of restaurants. Additionally, the company is always striving to embrace and adapt to changes in customer buying habits. This is evidenced by the company's commitment to installing self-service kiosks at all restaurants and continuing with delivery services such as Just Eat, Uber and Deliveroo.

PRINCIPAL RISKS AND UNCERTAINTIES

The principle risks and uncertainties faced by the company relate to consumer confidence in the current economic climate. Management actively monitors the results of its restaurants ensuring that they respond to changes in the market place.

Financial risk management

The company's operations expose it to a variety of financial risks. The company seeks to limit the adverse effects on the financial performance of the company by monitoring levels of debt finance and related finance costs where required, however currently the company finances its investments in tangible assets via retained profits.

Liquidity Risk

The company seeks to manage financial risk by ensuring sufficient liquidity is available to meet foreseeable needs and to invest in planned expansions. Short term flexibility is achieved by retained profits.

In addition to its own resources, the Company benefits from being part of a wider group structure. If required, the Company has access to financial support from its parent undertaking, which has a strong financial position and a track record of providing support to group entities.

Government Legislation

The company operates under a variety of controls and regulations implemented by government bodies. Management ensures it has sufficient, robust procedures and controls in place to remain compliant with existing legislation and to enable it to react quickly to implement any changes.

ON BEHALF OF THE BOARD:

Mr C I Baker - Director

28 October 2025

The director presents his report with the financial statements of the company for the period 25 March 2024 to 30 March 2025.

PRINCIPAL ACTIVITY

The company is a franchisee of the Burger King Corporation.

The principal activity of the company is the operating of Burger King restaurants under franchise.

DIVIDENDS

Dividends of £280,000 have been paid or proposed for the period ended 30 March 2025 (2024: £350,000).

FUTURE DEVELOPMENTS

The director considers the company's financial position at the balance sheet date to be satisfactory and expect the current level of activity to be sustained for the foreseeable future.

DIRECTOR

Mr C I Baker held office during the whole of the period from 25 March 2024 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless he is 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 director is 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 director is 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 him to ensure that the financial statements comply with the Companies Act 2006. He is 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 director is 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 he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Bevan Buckland LLP, will be proposed for re-appointment.

ON BEHALF OF THE BOARD:

Mr C I Baker - Director

28 October 2025

Opinion

We have audited the financial statements of Unionburger Limited (the 'company') for the period ended 30 March 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 30 March 2025 and of its profit for the period 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 director's 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 director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, 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 Director 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 Director 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 Director.

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 director's remuneration specified by law are not made; or

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

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is 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 director determines 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 director is 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 director either intends to liquidate the company or to cease operations, or has 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:

Extent to which the audit was considered capable of detecting irregularities, including fraud

We identify and assess the risks of material misstatement of the Financial Statements, whether due to fraud or error,

and then, design and perform audit procedures responsive to those risks, including obtaining audit evidence that insufficient and appropriate to provide a basis for our opinion.

We discussed our audit independence complying with the Revised Ethical Standard 2024 with the engagement team members whilst planning the audit and continually monitored our independence throughout the process.

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

Identifying and assessing potential risks related to irregularities.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

- enquiring of management, including obtaining and reviewing support documentation, concerning the

company's policies and procedures relating to:

- identifying, evaluating, and complying with laws and regulations and whether they were aware of any instances

of non-compliance;

- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or

alleged fraud;

- internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations;

- discussing among the engagement team how and where fraud might occur in the Financial Statements and

any potential indicators of fraud.

- obtaining an understanding of the legal and regulatory frameworks that the company operates in, focusing on those

laws and regulations that had a direct effect on the Financial Statements or that had a fundamental effect

on the operations of the company, The key laws and regulations we considered in this context included the UK

Companies Act and relevant tax legislation.

Audit response to risks identified

In addition to the above, our procedures to respond to risks identified included the following:

- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance

with relevant laws and regulations;

- enquiring of management concerning actual and potential litigation and claims; performing analytical procedures to

identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

- reading minutes of meetings of those charged with governance and reviewing correspondence with HMRC;

- in addressing the risk of fraud through management override of controls, testing the appropriateness of journal

entries and other adjustments;

- assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and

- evaluating the business rationale of any significant transactions that are unusual or outside the normal course of

business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations 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.

Llinos Williams (Senior Statutory Auditor)

for and on behalf of Bevan Buckland LLP

Chartered Accountants

And Statutory Auditors

Ground Floor Cardigan House

Castle Court

Swansea Enterprise Park

Swansea

SA7 9LA

4 November 2025

TURNOVER

4

21,339,290

19,195,841

Cost of sales

12,884,879

12,315,350

GROSS PROFIT

8,454,411

6,880,491

Administrative expenses

7,441,268

7,638,318

1,013,143

(757,827

)

Other operating income

36,531

5,766

OPERATING PROFIT/(LOSS)

6

1,049,674

(752,061

)

Interest receivable and similar income

24,169

49,697

PROFIT/(LOSS) BEFORE TAXATION

1,073,843

(702,364

)

Tax on profit/(loss)

7

279,999

(48,085

)

PROFIT/(LOSS) FOR THE FINANCIAL PERIOD

793,844

(654,279

)

Retained earnings at beginning of period

1,483,180

2,487,459

Dividends

8

(280,000

)

(350,000

)

RETAINED EARNINGS AT END OF PERIOD

1,997,024

1,483,180

FIXED ASSETS

Intangible assets

10

-

-

Tangible assets

11

4,579,164

3,963,073

Investments

12

50,000

50,000

4,629,164

4,013,073

CURRENT ASSETS

Stocks

13

212,637

118,901

Debtors

14

618,973

728,365

Cash at bank

734,202

989,388

1,565,812

1,836,654

CREDITORS

Amounts falling due within one year

15

2,840,078

2,940,876

NET CURRENT LIABILITIES

(1,274,266

)

(1,104,222

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,354,898

2,908,851

CREDITORS

Amounts falling due after more than one year

16

(654,472

)

(638,900

)

PROVISIONS FOR LIABILITIES

19

(453,402

)

(536,771

)

NET ASSETS

2,247,024

1,733,180

CAPITAL AND RESERVES

Called up share capital

20

250,000

250,000

Retained earnings

21

1,997,024

1,483,180

SHAREHOLDERS' FUNDS

2,247,024

1,733,180

The financial statements were approved by the director and authorised for issue on 28 October 2025 and were signed by:

Mr C I Baker - Director

1.	STATUTORY INFORMATION

Unionburger 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.	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 as modified by the revaluation of certain assets.

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.

Exemption has been taken on the grounds that the parent company, Bakerfield (Wales) Limited, includes the subsidiary in its published consolidated financial statements available at Companies House.

Preparation of consolidated financial statements

The financial statements contain information about Unionburger Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Bakerfield (Wales) Limited, Suite 1 Vivian Court, Phoenix Way, Enterprise Park, Swansea. SA7 9FG.

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.

Going concern

The financial statements have been prepared on a going concern basis. At the balance sheet date, the Company reported net current liabilities. This position reflects the group’s centralised cash management approach, whereby surplus funds are held on deposit by the parent undertaking.

The Company has access to these funds as required and continues to benefit from the financial strength and support of the wider group. The Directors have assessed the Company’s forecasts, liquidity position, and access to group resources, and have a reasonable expectation that the Company will have adequate financial resources to continue in operational existence for at least 12 months from the date of approval of the financial statements. Accordingly, the financial statements have been prepared on a going concern basis.

Turnover

Turnover is recognised to the extent that it is probable that economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue on sales of meals is recognised at the point of delivery to the customer.

Goodwill

Goodwill is stated at cost less accumulated amoritsation and accumulated impairment losses.

Goodwill is held at nil net book value.

Tangible fixed assets

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

Short leasehold

-

Over the term of the lease and Straight line over 20 years

Fixtures and fittings

-

5 - 20% on cost

Motor vehicles

-

25% reducing balance

The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when the cost is incurred. If the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is recognised. Repairs and maintenance are charged to the profit or loss during the period in which they are incurred.

The assets residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Certain assets within Short Leasehold and Fixtures and Fixtures are under construction and will not be depreciated until the assets are available for use.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within the profit and loss account.

Change in Depreciation Method

During the current financial year, the company identified a prior period error in the stated accounting policy for depreciation of motor vehicles. The financial statements previously disclosed that depreciation was calculated using the straight-line method, whereas in practice, the company has consistently applied the reducing balance method in its depreciation calculations.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

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

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell, The impairment loss is recognised immediately in the profit and loss.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year) including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivable, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid and received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

For financial assets measure at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were sold at the balance sheet date.

Taxation

Taxation for the period 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 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 period 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Leased assets - At inception the company assesses agreements that transfer the right to use assets. The assessment considers whether the arrangement is, or contains, a lease based on the substance of the arrangement.

Lease incentives

Incentives received to enter into an operating lease are credited to the profit and loss account, to reduce the lease expenses 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.

Debtors

Short term debtors are measured at the transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis of making the judgments about carrying values of assets and liabilities that are not readily apparent from other sources. Actual results in the future may differ from these estimates.

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 and in any future periods affected.

Significant management judgements

The following are management judgements in applying the accounting policies of the Company that have the most significant effect on the amounts recognised in the financial statements.

Useful life of assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives of the assets. The useful economic lives are re-assessed and amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and physical condition of the assets.

4.

TURNOVER

The turnover and profit (2024 - loss) before taxation are attributable to the one principal activity of the company.

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

Period

Period

25.3.24

27.3.23

to

to

30.3.25

24.3.24

as restated

£

£

Restaurant sales

21,339,290

19,195,841

21,339,290

19,195,841

An analysis of turnover by geographical market for the period ended 24 March 2024 is given below:

£

United Kingdom

19,195,841

19,195,841

This analysis is not considered to be applicable to the period ended 30 March 2025.

5.	EMPLOYEES AND DIRECTORS

Period

Period

25.3.24

27.3.23

to

to

30.3.25

24.3.24

as restated

£

£

Wages and salaries

5,586,610

5,322,391

Social security costs

300,659

261,881

Other pension costs

62,179

59,434

5,949,448

5,643,706

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

Period

Period

25.3.24

27.3.23

to

to

30.3.25

24.3.24

as restated

Administration

7

5

Distribution

473

446

480

451

The average monthly number of employees on a full time equivalent basis was as follows:

2025

2024

All categories

281

281

Period

Period

25.3.24

27.3.23

to

to

30.3.25

24.3.24

as restated

£

£

Director's remuneration

38,452

39,393

6.	OPERATING PROFIT/(LOSS)

The operating profit (2024 - operating loss) is stated after charging:

Period

Period

25.3.24

27.3.23

to

to

30.3.25

24.3.24

as restated

£

£

Hire of plant and machinery

47,874

46,561

Depreciation - owned assets

941,911

890,432

Auditors' remuneration

20,900

18,275

Auditors' remuneration for non audit work

6,775

4,725

7.

TAXATION

Analysis of the tax charge/(credit)

The tax charge/(credit) on the profit for the period was as follows:

Period

Period

25.3.24

27.3.23

to

to

30.3.25

24.3.24

as restated

£

£

Current tax:

UK corporation tax

363,368

(275,122

)

Deferred tax

(83,369

)

227,037

Tax on profit/(loss)

279,999

(48,085

)

UK corporation tax has been charged at 25% (2024 - 25%).

Reconciliation of total tax charge/(credit) included in profit and loss

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

Period

Period

25.3.24

27.3.23

to

to

30.3.25

24.3.24

as restated

£

£

Profit/(loss) before tax

1,073,843

(702,364

)

Profit/(loss) multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

268,461

(175,591

)

Effects of:

Expenses not deductible for tax purposes

3,150

51,252

Depreciation in excess of capital allowances

16,395

76,254

Adjustments to tax charge in respect of previous periods

(8,007

)

-

Total tax charge/(credit)

279,999

(48,085

)

8.

DIVIDENDS

Period

Period

25.3.24

27.3.23

to

to

30.3.25

24.3.24

as restated

£

£

Ordinary shares of £1 each

Interim

280,000

350,000

9.	PRIOR YEAR ADJUSTMENT

A prior year adjustment was processed in relation to a reclassification of cost of sales and administration expenditure within the profit and loss account. This adjustment had no impact on the balance sheet position. The adjustment was processed to show a true reflection of the costs in the profit and loss account.

10.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 25 March 2024

and 30 March 2025

1,271,553

AMORTISATION

At 25 March 2024

and 30 March 2025

1,271,553

NET BOOK VALUE

At 30 March 2025

-

At 24 March 2024

-

11.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Motor

leasehold

fittings

vehicles

Totals

£

£

£

£

COST

At 25 March 2024

1,579,739

7,624,722

156,740

9,361,201

Additions

-

1,558,003

-

1,558,003

Disposals

-

(381,229

)

-

(381,229

)

At 30 March 2025

1,579,739

8,801,496

156,740

10,537,975

DEPRECIATION

At 25 March 2024

1,440,675

3,882,665

74,788

5,398,128

Charge for period

5,782

917,483

18,646

941,911

Eliminated on disposal

-

(381,228

)

-

(381,228

)

At 30 March 2025

1,446,457

4,418,920

93,434

5,958,811

NET BOOK VALUE

At 30 March 2025

133,282

4,382,576

63,306

4,579,164

At 24 March 2024

139,064

3,742,057

81,952

3,963,073

12.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST OR VALUATION

At 25 March 2024

and 30 March 2025

50,000

NET BOOK VALUE

At 30 March 2025

50,000

At 24 March 2024

50,000

Cost or valuation at 30 March 2025 is represented by:

Shares in

group

undertakings

£

Valuation in 2025

50,000