Notes to the Financial Statements continued for the year ended 30 September 2025
17 Trade and other payables
Group 2025 £m
Company 2025 £m
Group 2024 £m
Company 2024 £m
4.6 5.5
— — — —
Trade payables
4.6
—
Non-trade payables
17.5 24.7
9.8
33.0
Accruals
—
—
Amounts owed to Group companies
—
0.1
Total
43.1
—
46.8
9.9
The carrying value of trade and other payables classified as financial liabilities measured at amortised cost approximates fair value.
18 Lease liabilities
Land and buildings £m
Motor vehicles £m
Total £m
At 1 June 2023
26.3
3.7
30.0
Additions Disposals
4.7
4.2
8.9
—
(0.7) (2.7)
(0.7)
Lease payments Interest expense
(9.2)
(11.9)
1.3
0.4
1.7
Liabilities classified as held for sale
—
(0.4)
(0.4)
At 30 September 2024
23.1
4.5
27.6
2.9
1.6
4.5
Additions Disposals
(2.3) (5.8)
(0.5) (2.1)
(2.8) (7.9)
Lease payments Interest expense
0.9
0.2
1.1
(3.0)
— (3.0)
Liabilities classified as held for sale
At 30 September 2025
15.8
3.7
19.5
Analysed as follows:
2025 £m
2024 £m
4.1
Current
5.7
15.4
Non-current
21.9
The maturity of lease liabilities is as follows:
2025 £m
2024 £m
4.1
Less than one year Two to five years More than five years
5.7
11.0
16.1
4.4
5.8
Total lease liabilities
19.5
27.6
The total cash outflow for leases in the year was £7.9m (2024: £11.9m), which consists of £6.8m (2024: £10.2m) principal element of lease payments disclosed above, £1.1m (2024: £1.7m) interest element of lease payments and £nil (2024: £nil) lease payments charged to the Income Statement in respect of short-term leases. The Group has used its incremental borrowing rate of 6.53% (2024: 6.35%) as the discount rate for the calculation of the lease liabilities. Some leases contain break clauses or extension options to provide operational flexibility. Potential future undiscounted lease payments not included in the reasonably certain lease term, and hence not included in lease liabilities, total £1.2m (2024: £4.6m).
NCC Group plc — Annual report and accounts for the year ended 30 September 2025 140
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