2025 Annual-report

41 FINANCIAL REPORT STATEMENT OF CASH FLOWS F O R T H E Y E A R E ND E D 3 0 S E P T E M B E R 2 0 2 5 2025 2024 £ £ Cash flows from operating activities (Loss) / profit for the financial year (376,475) 488,725 Adjustments for: Amortisation of grants (308,491) (301,952) Depreciation of tangible assets 711,182 759,275 Impairment of fixed assets - 29,676 Interest paid 217,553 289,242 Interest received (43,970) (83,447) Taxation charge (344,352) 154,978 Decrease / (Increase) in stocks 54,351 (16,706) (Increase) / decrease in debtors (347,223) 1,157,934 Increase / (decrease) in creditors 3,019,527 (2,496,176) Corporation tax (paid) / received (85,039) - Net cash generated from operating activities 2,497,063 (18,451) Cash flows from investing activities Purchase of tangible fixed assets (2,557,633) (469,192) Interest received 43,970 83,447 Net cash from investing activities (2,513,663) (385,745) Cash flows from financing activities Increase / (decrease) in share capital (38) 21 Repayment of loans (441,983) (401,064) Interest paid (217,553) (289,242) New grants received 2,027,906 393,337 Net cash used in financing activities 1,368,332 (296,948) Net increase / (decrease) in cash and cash equivalents 1,351,732 (701,144) Cash and cash equivalents at the beginning of year 3,832,458 4,533,602 Cash and cash equivalents at the end of year 5,184,190 3,832,458 Cash and cash equivalents at the end of year comprise: Cash at bank and in hand 5,184,190 3,832,458 The notes on pages 42 to 49 form part of these financial statements.