REGISTERED NUMBER: 04655698 (England and Wales)

Strategic Report, Report of the Director and

Financial Statements

for the Year Ended 28 February 2025

for

Truckcraft Bodies Limited

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

Cash Flow Statement

9

Notes to the Cash Flow Statement

10

Notes to the Financial Statements

11

DIRECTOR:

P Leary

SECRETARY:

D Leary

REGISTERED OFFICE:

Globe Square Industrial Estate

Globe Lane

Dukinfield

Cheshire

SK16 4RG

REGISTERED NUMBER:

04655698 (England and Wales)

AUDITORS:

Hardy & Company (Hyde) Ltd

Chartered Certified Accountants

& Statutory Auditors

Onward Chambers

34 Market Street

Hyde

Cheshire

SK14 1AH

The director presents his strategic report for the year ended 28 February 2025.

REVIEW OF BUSINESS

The Company's principal activity during the year was the manufacture of commercial vehicle bodies.

Turnover decreased from £13.7 million to £9.9 million, with the Pre-Tax Net Profits remaining stable at £0.4 million compared to the 2024 figure of the same.

The Company is expecting a decrease in Turnover of 10% for the year ended 28 February 2025 with an decrease in Gross Profit of 4%, due to greater costs. The net result should be an increase in net profit of 15% as a result of more aggressive admin practices..

PRINCIPAL RISKS AND UNCERTAINTIES

Liquidity risk:

The Company manages its cash and borrowing requirements in order to maximise interest income and minimise interest expense, whilst ensuring the company has sufficient liquid resources to meet the operating needs of the business.

The Company manages the risk by maintaining regular contact with existing finance providers to evaluate options in future funding decisions.

Interest rate risk:

The Company is exposed to interest rate risk on Bank Account deposits.

The Company manages the risk by constantly monitoring their policies to ensure that they are not exposed to short term interest rate movements.

Credit risk:

The Company is not exposed to a high degree of credit risk as surplus funds are minimised due to working capital requirements. These are then retained in either a short term current account or call deposit account as agreed by the Board of Directors.

The Company manages this risk by continuously considering the credit ratings of financial institutes that they have relationships with.

FINANCIAL INSTRUMENTS

The Company's principal instruments are cash balances. In addition, the Company has various other financial assets and liabilities such as trade debtors and trade creditors arising from its operations.

FUTURE DEVELOPMENTS

The Company continues to look at future opportunities to expand its range of customers and services whilst ensuring the core business is secured.

ON BEHALF OF THE BOARD:

P Leary - Director

27 November 2025

The director presents his report with the financial statements of the company for the year ended 28 February 2025.

DIVIDENDS

An interim dividend of £2,895.50 per share was paid on 6 April 2024. The director recommends that no final dividend be paid.

The total distribution of dividends for the year ended 28 February 2025 will be £ 289,550 .

DIRECTOR

P Leary held office during the whole of the period from 1 March 2024 to the date of this report.

POLITICAL DONATIONS AND EXPENDITURE

During the year there were charitable donations paid of £4,896

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, Hardy & Company (Hyde) Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

P Leary - Director

27 November 2025

Opinion

We have audited the financial statements of Truckcraft Bodies Limited (the 'company') for the year ended 28 February 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet, 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 28 February 2025 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 qualified 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:

preparation of the financial statements such as the Companies Act 2006. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to posting inappropriate journal entries to increase revenue or reduce expenditures, and management bias in accounting estimates and judgemental areas of the financial statements such as the valuation of investment properties.

Audit procedures performed by the engagement team included:

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

laws and regulations and fraud.

- understanding of management's internal controls designed to prevent and detect irregularities.

- reviewing the litigation records in so far as it related to non-compliance with laws and regulations and fraud.

- reviewing relevant meeting minutes.

- designing audit procedures to incorporate unpredictability around the nature, timing or extent of our testing.

- testing transactions entered into outside of the normal course of the Company' business; and

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

.

There are inherent limitations in the audit procedures described above and the further removed non-compliance with

laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

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.

Paul Robert Campbell (Senior Statutory Auditor)

for and on behalf of Hardy & Company (Hyde) Ltd

Chartered Certified Accountants

& Statutory Auditors

Onward Chambers

34 Market Street

Hyde

Cheshire

SK14 1AH

27 November 2025

TURNOVER

9,865,702

13,732,208

Cost of sales

7,782,898

11,481,371

GROSS PROFIT

2,082,804

2,250,837

Administrative expenses

1,620,736

1,752,575

OPERATING PROFIT

4

462,068

498,262

Interest receivable and similar income

9,183

5,877

471,251

504,139

Interest payable and similar expenses

5

75,555

92,163

PROFIT BEFORE TAXATION

395,696

411,976

Tax on profit

6

66,223

102,673

PROFIT FOR THE FINANCIAL YEAR

329,473

309,303

Retained earnings at beginning of year

734,062

629,320

Dividends

7

(289,550

)

(204,561

)

RETAINED EARNINGS AT END OF YEAR

773,985

734,062

FIXED ASSETS

Intangible assets

8

-

-

Tangible assets

9

815,613

838,421

Investment property

10

132,380

140,654

947,993

979,075

CURRENT ASSETS

Stocks

11

635,257

576,569

Debtors

12

516,078

1,987,569

Cash at bank and in hand

420,761

858,015

1,572,096

3,422,153

CREDITORS

Amounts falling due within one year

13

1,477,492

3,199,701

NET CURRENT ASSETS

94,604

222,452

TOTAL ASSETS LESS CURRENT LIABILITIES

1,042,597

1,201,527

CREDITORS

Amounts falling due after more than one year

14

(225,660

)

(419,524

)

PROVISIONS FOR LIABILITIES

17

(15,946

)

(20,935

)

NET ASSETS

800,991

761,068

CAPITAL AND RESERVES

Called up share capital

18

100

100

Revaluation reserve

19

26,906

26,906

Retained earnings

19

773,985

734,062

SHAREHOLDERS' FUNDS

800,991

761,068

The financial statements were approved by the director and authorised for issue on 27 November 2025 and were signed by:

P Leary - Director

Cash flows from operating activities

Cash generated from operations

1

34,505

926,805

Interest paid

(75,555

)

(92,163

)

Tax paid

(107,837

)

(46,784

)

Net cash from operating activities

(148,887

)

787,858

Cash flows from investing activities

Purchase of tangible fixed assets

(8,000

)

-

Interest received

9,183

5,877

Net cash from investing activities

1,183

5,877

Cash flows from financing activities

Equity dividends paid

(289,550

)

(204,561

)

Net cash from financing activities

(289,550

)

(204,561

)

(Decrease)/increase in cash and cash equivalents

(437,254

)

589,174

Cash and cash equivalents at beginning of year

2

858,015

268,841

Cash and cash equivalents at end of year

2

420,761

858,015

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

28.2.25

29.2.24

£

£

Profit before taxation

395,696

411,976

Depreciation charges

39,082

60,305

Finance costs

75,555

92,163

Finance income

(9,183

)

(5,877

)

501,150

558,567

(Increase)/decrease in stocks

(58,688

)

1,142,852

Decrease/(increase) in trade and other debtors

1,237,949

(451,204

)

Decrease in trade and other creditors

(1,645,906

)

(323,410

)

Cash generated from operations

34,505

926,805

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 28 February 2025

28.2.25

1.3.24

£

£

Cash and cash equivalents

420,761

858,015

Year ended 29 February 2024

29.2.24

1.3.23

£

£

Cash and cash equivalents

858,015

268,841

3.	ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)

At 1.3.24

Cash flow

At 28.2.25

£

£

£

Net cash

Cash at bank and in hand

858,015

(437,254

)

420,761

858,015

(437,254

)

420,761

Debt

Debts falling due within 1 year

(254,806

)

39,678

(215,128

)

Debts falling due after 1 year

(419,524

)

193,864

(225,660

)

(674,330

)

233,542

(440,788

)

Total

183,685

(203,712

)

(20,027

)

1.	STATUTORY INFORMATION

Truckcraft Bodies 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.

Significant judgements and estimates

The preparation of the financial statements requires management to make estimates, judgements and assumptions that affect the amounts reported. These judgements and estimates are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

There are no significant judgements or estimates.

Turnover

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

Intangible fixed assets

Intangible fixed assets are amortised at rates calculated to write off assets on a straight basis over their estimated useful economic lives. If a reliable estimate of the useful life of intangible assets can not be estimated, the life shall be presumed not to exceed five years.

The estimated useful life of the licences held can not be reliable estimated therefore is amortised over 5 years.

Tangible fixed assets

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

Freehold property

-

10% on cost

Plant and machinery

-

10% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

25% on cost

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Investment property

Investment properties are revalued at the accounting date and the aggregate surplus or temporary deficit is recognised in the profit and loss account. A reserve transfer to the non distributable reserve account is then made.

Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

No depreciation or amortisation is provided. Any permanent diminutions in value below cost are charged in the profit and loss account.

This treatment is a departure from the requirements of the Companies Act concerning the depreciation of fixed assets.

The Directors consider that as these properties are not held for consumption but for investment, to depreciate them would not give a true and fair view, and that it is necessary to adopt FRS 102 for the accounts to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Each property has been valued individually and not as part of a portfolio. No account has been taken of any inter-company leases or arrangements, nor any mortgages, debentures or other charges, and no allowance has been made for any expenses of realisation nor for any taxation which might arise in the event of a disposal. The figures also do not reflect any element of special purchaser value following a merger of interests or sale to an owner or occupier of an adjoining property.

Where properties have not been included in the valuation review, they are included at cost or at the Directors' assessment of open market value.

Stocks

Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Taxation

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

Current or deferred taxation assets and liabilities are not discounted.

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

Deferred tax

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

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

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

Hire purchase and leasing commitments

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

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the Balance sheet and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

3.	EMPLOYEES AND DIRECTORS

28.2.25

29.2.24

£

£

Wages and salaries

538,231

525,329

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

28.2.25

29.2.24

Director

2

1

Admin

15

28

COS

80

83

97

112

28.2.25

29.2.24

£

£

Director's remuneration

12,826

12,584

4.	OPERATING PROFIT

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

28.2.25

29.2.24

£

£

Hire of plant and machinery

(3,483

)

(54

)

Other operating leases

287,965

425,911

Depreciation - owned assets

39,082

60,305

Auditors' remuneration

7,500

7,500

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

28.2.25

29.2.24

£

£

Bank loan interest

74,006

92,163

HMRC interest and charges

1,549

-

75,555

92,163

6.

TAXATION

Analysis of the tax charge

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

28.2.25

29.2.24

£

£

Current tax:

UK corporation tax

123,488

132,468

Under / (Over) Provision

(52,276

)

(21,304

)

Total current tax

71,212

111,164

Deferred tax

(4,989

)

(8,491

)

Tax on profit

66,223

102,673

7.

DIVIDENDS

28.2.25

29.2.24

£

£

Ordinary shares of £1 each

Interim

289,550

204,561

8.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 March 2024

and 28 February 2025

388,663

AMORTISATION

At 1 March 2024

and 28 February 2025

388,663

NET BOOK VALUE

At 28 February 2025

-

At 29 February 2024

-

9.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST OR VALUATION

At 1 March 2024

966,195

250,542

179,894

Additions

-

-

8,000

At 28 February 2025

966,195

250,542

187,894

DEPRECIATION

At 1 March 2024

211,515

188,528

159,073

Charge for year

3,034

17,764

9,104

At 28 February 2025

214,549

206,292

168,177

NET BOOK VALUE

At 28 February 2025

751,646

44,250

19,717

At 29 February 2024

754,680

62,014

20,821

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST OR VALUATION

At 1 March 2024

29,660

19,601

1,445,892

Additions

-

-

8,000

At 28 February 2025

29,660

19,601

1,453,892

DEPRECIATION

At 1 March 2024

29,660

18,695

607,471

Charge for year

-

906

30,808

At 28 February 2025

29,660

19,601

638,279

NET BOOK VALUE

At 28 February 2025

-

-

815,613

At 29 February 2024

-

906

838,421

Cost or valuation at 28 February 2025 is represented by:

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

Valuation in 2021

252,069

-

-

Cost

714,126

250,542

187,894

966,195

250,542

187,894

Motor

Computer

vehicles

equipment

Totals

£

£

£

Valuation in 2021

-

-

252,069

Cost

29,660

19,601

1,201,823

29,660

19,601

1,453,892

If freehold land and building had not been revalued they would have been included at the following historical cost:

28.2.25

29.2.24

£

£

Cost

714,126

714,126

Freehold land and buildings were valued on an open market basis on 18 October 2021 by Lamb & Swift Commercial .