Furthermore, they made £75,000 & £25,000 was a tax credit.
And that's bad is it?!
Surely the point is they're no longer in severe short term danger and in position to move forward strongly from here? Whether they made a small loss or a small profit and the magnitude of such is not actually all that important IMO (except perhaps from the point of view of the psychology of potential investors). Obviously a small profit is preferable. :-)
On the EPS front...since 311K isn't a loss of 2p/share either, it looks like they've rounded, which is a bit strange.