Final Results -5-

+------------------------+----------+----------+----------+ 
| Own shares held in     |          |  (2,768) |  (1,235) | 
| trust                  |          |          |          | 
+------------------------+----------+----------+----------+ 
| Retained earnings      |          |   11,953 |    8,289 | 
+------------------------+----------+----------+----------+ 
| Total Equity           |          |   34,624 |   20,883 | 
+------------------------+----------+----------+----------+ 
 
Group Statement of Changes in Shareholders' Equity 
 
+-----------+---------+---------+------------+---------+----------+---------+ 
|           |        Attributable to equity holders of the company          | 
+-----------+---------------------------------------------------------------+ 
|           |         |         |            |         |          |         | 
+-----------+---------+---------+------------+---------+----------+---------+ 
|           |   Share |   Share |    Capital |     Own | Retained |   Total | 
|           | capital | premium | redemption |  shares | earnings |  equity | 
|           |         | account |    reserve |    held |          |         | 
|           |         |         |            |      in |          |         | 
|           |         |         |            |   trust |          |         | 
+-----------+---------+---------+------------+---------+----------+---------+ 
|           | GBP'000 | GBP'000 |    GBP'000 | GBP'000 |  GBP'000 | GBP'000 | 
+-----------+---------+---------+------------+---------+----------+---------+ 
| As at     |     895 |   9,766 |      3,127 | (1,235) |    5,323 |  17,876 | 
| 31 May    |         |         |            |         |          |         | 
| 2008      |         |         |            |         |          |         | 
+-----------+---------+---------+------------+---------+----------+---------+ 
| Profit    |       - |      -  |          - |       - |    3,245 |   3,245 | 
| for       |         |         |            |         |          |         | 
| the       |         |         |            |         |          |         | 
| year      |         |         |            |         |          |         | 
+-----------+---------+---------+------------+---------+----------+---------+ 
| Share     |       - |      -  |          - |       - |      105 |     105 | 
| based     |         |         |            |         |          |         | 
| payments  |         |         |            |         |          |         | 
| charge    |         |         |            |         |          |         | 
+-----------+---------+---------+------------+---------+----------+---------+ 
| Deferred  |       - |      -  |          - |       - |      122 |     122 | 
| tax       |         |         |            |         |          |         | 
+-----------+---------+---------+------------+---------+----------+---------+ 
| Issue     |       3 |      38 |          - |       - |        - |      41 | 
| of new    |         |         |            |         |          |         | 
| shares    |         |         |            |         |          |         | 
+-----------+---------+---------+------------+---------+----------+---------+ 
| Dividends |       - |      -  |          - |       - |    (506) |   (506) | 
+-----------+---------+---------+------------+---------+----------+---------+ 
| As at     |     898 |   9,804 |      3,127 | (1,235) |    8,289 |  20,883 | 
| 31 May    |         |         |            |         |          |         | 
| 2009      |         |         |            |         |          |         | 
+-----------+---------+---------+------------+---------+----------+---------+ 
| Profit    |         |       - |          - |       - |    4,289 |   4,289 | 
| for       |         |         |            |         |          |         | 
| the       |         |         |            |         |          |         | 
| year      |         |         |            |         |          |         | 
+-----------+---------+---------+------------+---------+----------+---------+ 
| Share     |       - |       - |          - |       - |      228 |     228 | 
| based     |         |         |            |         |          |         | 
| payments  |         |         |            |         |          |         | 
| charge    |         |         |            |         |          |         | 
+-----------+---------+---------+------------+---------+----------+---------+ 
| Deferred  |       - |       - |          - |       - |     (59) |    (59) | 
| tax       |         |         |            |         |          |         | 
+-----------+---------+---------+------------+---------+----------+---------+ 
| Issue     |     263 |  11,347 |          - | (1,533) |        - |  10,077 | 
| of new    |         |         |            |         |          |         | 
| shares    |         |         |            |         |          |         | 
+-----------+---------+---------+------------+---------+----------+---------+ 
| Dividends |       - |       - |          - |       - |    (794) |   (794) | 
+-----------+---------+---------+------------+---------+----------+---------+ 
| As at     |   1,161 |  21,151 |      3,127 | (2,768) |   11,953 |  34,624 | 
| 31 May    |         |         |            |         |          |         | 
| 2010      |         |         |            |         |          |         | 
+-----------+---------+---------+------------+---------+----------+---------+ 
 
Group Cash Flow Statement 
+----------------------------------+----------+----------+ 
|                                  |     Year |     Year | 
|                                  |    ended |    ended | 
+----------------------------------+----------+----------+ 
|                                  |   31 May |   31 May | 
+----------------------------------+----------+----------+ 
|                                  |     2010 |     2009 | 
+----------------------------------+----------+----------+ 
|                                  |  GBP'000 |  GBP'000 | 
+----------------------------------+----------+----------+ 
| Cash ?ows from operating         |          |          | 
| activities                       |          |          | 
+----------------------------------+----------+----------+ 
| Cash generated from operations   |    7,598 |    3,816 | 
+----------------------------------+----------+----------+ 
| Finance costs paid               |      (4) |      (1) | 
+----------------------------------+----------+----------+ 
| Income tax paid                  |  (1,250) |     (52) | 
+----------------------------------+----------+----------+ 
| Net cash generated by operating  |    6,344 |    3,763 | 
| activities                       |          |          | 
+----------------------------------+----------+----------+ 
|                                  |          |          | 
+----------------------------------+----------+----------+ 
| Cash ?ows from investing         |          |          | 
| activities                       |          |          | 
+----------------------------------+----------+----------+ 
| Acquisition of subsidiaries, net |  (9,874) |    (458) | 
| of cash acquired                 |          |          | 
+----------------------------------+----------+----------+ 
| Purchases of property, plant and |    (457) |    (225) | 
| equipment                        |          |          | 
+----------------------------------+----------+----------+ 
| Purchase of intangible assets    |        - |     (10) | 
+----------------------------------+----------+----------+ 
| Capitalised development costs    |  (1,570) |  (1,174) | 
+----------------------------------+----------+----------+ 
| Finance income                   |      268 |      845 | 
+----------------------------------+----------+----------+ 
| Net cash used in investing       | (11,633) |  (1,022) | 
| activities                       |          |          | 
+----------------------------------+----------+----------+ 
|                                  |          |          | 
+----------------------------------+----------+----------+ 
| Cash ?ows from ?nancing          |          |          | 
| activities                       |          |          | 
+----------------------------------+----------+----------+ 
| Issue of share capital           |    9,976 |       41 | 
+----------------------------------+----------+----------+ 
| Dividends paid                   |    (794) |    (506) | 
+----------------------------------+----------+----------+ 
| Net cash generated/(used) in     |    9,182 |    (465) | 
| ?nancing activities              |          |          | 
+----------------------------------+----------+----------+ 
|                                  |          |          | 
+----------------------------------+----------+----------+ 
| Net increase in cash and cash    |    3,893 |    2,276 | 
| equivalents                      |          |          | 
+----------------------------------+----------+----------+ 
|                                  |          |          | 
+----------------------------------+----------+----------+ 
| Cash and cash equivalents at     |   14,703 |   12,427 | 
| beginning of year                |          |          | 
+----------------------------------+----------+----------+ 
| Cash and cash equivalents at end |   18,596 |   14,703 | 
| of year                          |          |          | 
+----------------------------------+----------+----------+ 
 
 
Notes to the cash flow statement: Cash flows from operating activities 
 
+------------------------------+----------+----------+ 
|                              |     Year |     Year | 
|                              |    ended |    ended | 
+------------------------------+----------+----------+ 
|                              |   31 May |   31 May | 
+------------------------------+----------+----------+ 
|                              |     2010 |     2009 | 
+------------------------------+----------+----------+ 
|                              |  GBP'000 |  GBP'000 |