Consolidated statement of changes of equity


Note

Share
capital
£’000

Share
premium
£’000

Own
shares
held
£’000

Capital
redemption
reserve
£’000

Translation
reserve
£’000

Hedging
reserve
£’000

Retained
earnings
£’000

Total
equity
£’000

Balance as at 1 January 2024

2,442

44,178

(12)

15

4,024

660

64,456

115,763

Loss for the year

–

–

–

–

–

–

(2,755)

(2,755)

Other comprehensive income for the year:

Foreign exchange translation losses on investment in subsidiaries

–

–

–

–

(371)

–

–

(371)

Change in fair value of hedging instruments recognised in other comprehensive income

–

–

–

–

–

(965)

–

(965)

Reclassification to income statement - administrative expenses

–

–

–

–

–

(968)

–

(968)

Tax relating to effective portion of changes in fair value of cash flow hedges, net of recycling

–

–

–

–

–

590

–

590

Actuarial gain on Defined Benefit Pension Scheme

24

–

–

–

–

–

–

348

348

Tax relating to actuarial gain on Defined Benefit Pension Scheme

–

–

–

–

–

–

(87)

(87)

Total comprehensive loss for the year

–

–

–

–

(371)

(1,343)

(2,494)

(4,208)

Transactions with owners of the parent:

Options exercised

–

–

–

–

–

–

72

72

Proceeds of shares issued, net of expenses

–

–

5

–

–

–

–

5

Equity-settled share-based payments net of tax

–

–

–

–

–

–

1,267

1,267

Dividends paid

9

–

–

–

–

–

–

(3,542)

(3,542)

Total transactions with owners of the parent

–

–

5

–

–

–

(2,203)

(2,198)

Balance as at 31 December 2024

2,442

44,178

(7)

15

3,653

(683)

59,759

109,357

Balance as at 1 January 2025

2,442

44,178

(7)

15

3,653

(683)

59,759

109,357

Profit for the year

–

–

–

–

–

–

22,639

22,639

Other comprehensive income for the year:

Foreign exchange translation losses on investment in subsidiaries

–

–

–

–

(1,099)

–

–

(1,099)

Change in fair value of hedging instruments recognised in other comprehensive income

–

–

–

–

–

647

–

647

Reclassification to income statement – administrative expenses

–

–

–

–

–

743

–

743

Tax relating to effective portion of changes in fair value of cash flow hedges, net of recycling

–

–

–

–

–

(509)

–

(509)

Actuarial gain on Defined Benefit Pension Scheme

24

–

–

–

–

–

–

755

755

Tax relating to actuarial gain on Defined Benefit Pension Scheme

–

–

–

–

–

–

(189)

(189)

Total comprehensive (loss)/income for the year

–

–

–

–

(1,099)

881

23,205

22,987

Transactions with owners of the parent:

Options exercised

–

–

–

–

–

–

25

25

Proceeds of shares issued, net of expenses

20

–

(9)

–

–

–

–

11

Equity-settled share-based payments net of tax

–

–

–

–

–

–

1,412

1,412

Dividends paid

9

–

–

–

–

–

–

(3,713)

(3,713)

Total transactions with owners of the parent

20

–

(9)

–

–

–

(2,276)

(2,265)

Balance as at 31 December 2025

2,462

44,178

(16)

15

2,554

198

80,688

130,079