Company registration number 06778819 (England and Wales)
JACKSON CIVIL ENGINEERING GROUP LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
JACKSON CIVIL ENGINEERING GROUP LIMITED
COMPANY INFORMATION
Directors
R W Neall
B J Crofton
T M Dixon
R A Chitty
P D Stanhope
Secretary
T M Dixon
Company number
06778819
Registered office
30 White House Road
Ipswich
IP1 5LT
Auditor
Ensors
Connexions
159 Princes Street
Ipswich
IP1 1QJ
JACKSON CIVIL ENGINEERING GROUP LIMITED
CONTENTS
Page
Strategic report
1 - 4
Directors' report
6 - 12
Directors' responsibilities statement
5
Independent auditor's report
13 - 15
Group statement of comprehensive income
16
Group statement of financial position
18
Company statement of financial position
17
Group statement of changes in equity
19
Company statement of changes in equity
20
Group statement of cash flows
21
Notes to the financial statements
22 - 39
JACKSON CIVIL ENGINEERING GROUP LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 1 -

The directors present the strategic report for the year ended 31 December 2024.

Review of the business

The Jackson Civil Engineering Group remains one of the leading regionally based, privately owned civil engineering contractors and the Directors are pleased to report another successful year of trading.

This year has seen the business operate in an ever increasingly competitive market but even set against this backdrop the business has still seen growth in the period against its key financial indicators as follows:

2023 2024

Turnover £120.6m £140.5m

Gross Profit margin 11.9% 12.2%

Operating Profit 4.4% 5.2%

Given the pressures that have been seen across the industry with regards to the availability of people, plant and resource this once again represents an extremely satisfying year’s trading. The financial and operational controls that have been in place across the business and the ability for the business to flex in response to the changes in the marketplace and adapt accordingly has been key to the ongoing success and growth of the business.

One of the key drivers to this reported margin is the high calibre of people working for the business as well as the strength and competence of the valued supply chain to the business.

It is vital that as a business we continue to have a positive impact in our industry and have a steady forward workbook, as this ensures both stability to the business as well as our people. This period we have continued to win many projects across a number of industry sectors. These include but are not limited to, Flood and Coastal works, Central Government funded projects, local Government projects as well as projects from the private sector. Some of our key clients from previous years have continued to provide the business with a strong order book through 2023 and 2024, which demonstrates confidence in the business from our clients and a continuation of our strong client relationships. A varied spread of work across all of our operating regions and industry sectors continues to be a strength of our business and will continue to be going forward.

Central to the ongoing success of the business is the commitment driven by the Directors around our core values of Health and Safety, Supply Chain, Environment, Collaboration and Social Value. As a business we are fully committed to ensure that the business remains at the leading edge of our industry around these pillars and that we are not only continuously improving and learning but also share our knowledge wherever possible.

JACKSON CIVIL ENGINEERING GROUP LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -

Health Safety and Wellbeing

The Health Safety and Wellbeing of our staff and all of our stakeholders is of the utmost importance to the business and the Board. It is for this reason that health, safety and wellbeing are two of the 5 principal pillars for the business. Each year the business has an extensive training and communication programme around this topic and we are driven to ensure continuous improvement across the business wherever possible. Unfortunately, in this reporting period the company has had 2 reportable incidents (RIDDOR). This is an increase from 2023 where we had 1 reportable, but for the business 1 is still too many.

The business continues to be heavily focused on wellbeing and through the course of 2024 we have continued with the initiatives started in 2020 and improved upon a number of these across the company with one of our key areas being the provision of mental health training. During 2024 we have trained an additional 19 staff members to become qualified mental health first aiders across the business.

Supply Chain

The strength and continued success of the business is dependent on having a valued and supported supply chain, who can offer technical and specialist support to our business and where the business offers a platform to train and support suppliers. During this reporting period through our Supply Chain Manager, we have continued to offer support, advice and feedback to our suppliers through our structured supply chain framework which we call “Synergy”. This provides our supply chain with the confidence that both their and our performance is being measured on an annual basis to promote growth and learning for both parties. This will in turn result in the organisation having stronger, mutually beneficial relationships throughout our supply chain.

Environment

During this reporting period we have continued to be focused on ensuring that our construction activities have the smallest environmental footprint as possible. This has been achieved by focusing our efforts on reducing our carbon footprint by installing renewable energy wherever possible on our remote sites and promoting and implementing greater utilisation of Hybrid and electronic solutions in our vehicle fleet and hired plant. We continue to promote wherever possible the use of sustainable resources and material across our projects.

During the period we have continued our journey on meeting our objectives set out in our Carbon Net Zero Policy. Jackson’s Carbon Commitment explains our policies, procedures and activities to meet targets for 2035 and beyond. Our primary target is to be Net Zero by 2035 for all Scope 1 and 2 emissions and any Scope 3 emissions under our direct control. We will also encourage low-carbon material choices by our suppliers, and carbon-efficient approaches and methods in discussion with our clients and subcontractors. In 2024 we have continued on our pathway to Net Zero with the target date of 2035 for our direct emissions. This target will be challenging and require strong collaboration across all our departments, and we will need all our stakeholders to play a role.

Collaboration

The Directors of the business see the importance of collaboration across the business both with our clients as well as our supply chain. During the period we have strengthened our collaborative relationships with our clients and continued to promote and support our supply chain through our BSI 44001 - Collaborative Business Relationships Standards.

We will continue to ensure that our collaborative behaviours are seen as a strength to our business both internally and externally.

Social Value

As a privately owned regional contractor, we both understand and appreciate the importance of our business having a positive impact on the communities that we work in. During this reporting period we have promoted the use of local labour and supply chain partners wherever possible and have continued to provide STEM (Science, Technology, Engineering and Maths) programmes to local education trusts. During this period, we have delivered in excess of 750 hours of STEM based activities with the support of our in-house STEM Ambassadors.

We continue to run a programme of behavioural training to all our staff as well as promoting the use of local apprentices where possible. The Directors of the business are focused on ensuring that the business is seen as giving back to our local communities and seen as a positive local employer to all.

In 2024 we have been successful in reaching our target of using 50% local labour on all of our sites, thereby leaving a legacy in the communities that we work.

JACKSON CIVIL ENGINEERING GROUP LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
Principal risks and uncertainties

As a construction group, the market sector that the business operates in is subject to a number of risks. The Directors continuously review and monitor the risks that the business face and involve the senior management in this process. These risks are recorded in a Company Risk Register. Along with this register the company also operates a PESTLE analysis to review any risks that are external to the business.

These ongoing reviews have highlighted the following key areas of potential risk and the company strategy to mitigate them:

- People

During this reporting period the number of suitably skilled and trained people within our industry has continued to be a key risk to the business. With this in mind the Board has had a focused drive during the period to ensure we both retain and recruit staff into the business. During the reporting period a number of initiatives have been formalised in order to demonstrate to our staff their value to the business. We have continued to offer hybrid working arrangements to both our office and site-based employees in order to ensure that we maximise on work life balance.

- Market Risk

Global uncertainty and market volatility continues to have an impact on material prices, however over the period this is not as pronounced as in previous periods. This continues to be felt across the industry and is a key risk that is reviewed and addressed on tenders with volatile commodities. On our projects during the period the company has also focused where possible to front order and stockpile materials to ensure not only availability but also fixed prices to help mitigate this risk.

- Credit risk

The main financial assets of the Group are cash and trade debtors. The credit risk associated with cash balances is limited as counterparties are banks with high credit ratings assigned by international credit agencies. The principal credit risk therefore arises from its trade debtors.

In order to manage credit risk, the Directors consider information such as independent credit ratings for prospective clients before contracts are taken on. All invoices are monitored to ensure timely payment and aged debtor listings are reviewed for overdue accounts.

- Liquidity risk

The Group monitors cash flow on a daily basis and produces weekly cash flow forecasts. The objective being to ensure an overall neutral or positive cash flow to ensure sufficient liquidity is available to meet foreseeable needs.

Key performance indicators

- Financial

The Directors monitor the performance of a number of competitors operating in the construction sector and in particular pay close attention to gross profit, operating profit and return on capital employed.

For the current year, Jackson Civil Engineering Group delivered operating profit margin of 5.4% (2023: 4.4%) and return on capital employed of 43.3% (2023: 36.5%). These ratios represent an excellent trading performance for the year and these ratios compare favourably to competitors in the sector.

- Non Financial

The Group also measures its performance by reference to non-financial indicators.

Health and safety

At the forefront of the non-financial indicators is the monitoring of health and safety incidents. Unfortunately, in 2024 we have had to report 2 incidents during the year (2023 one reportable).

JACKSON CIVIL ENGINEERING GROUP LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -

Future Developments

The Group has continued to deliver reasonable performances over recent years. The Group is currently engaged on a number of Frameworks with clients with whom they have worked with over a number of years and these Frameworks continue to provide a high level of turnover and support a secured order book at the end of the second quarter of 2024 which is in excess of £150m for the remainder of 2025 and beyond. The Group continues to look to expand and explore new opportunities and new market sectors should they arise. Undoubtedly in the short term there remains uncertainty around availability of staff and material shortages. Notwithstanding this, with a strong balance sheet developed over a number of years, the Directors are confident that the business is well placed to explore new opportunities or conversely tackle the challenges that may be presented.

Employee engagement

The company continues to work closely with the employees to drive efficiencies through process improvement. We continue to improve our engagement and communication with our staff through the use of remote technologies such as Teams where the company has seen an increase in employee engagement through virtual seminars and training sessions, and this will continue going forward.

The comprehensive PDR (personal development review) process provides invaluable input and is a key source of ideas for business improvement and staff wellbeing. PDRs are undertaken with all employees on an annual basis. Actions and objectives arising therefrom are monitored and evaluated to drive forward continuous improvement for the employees and the business.

Business relationships

The Board recognises that it is essential for the continued success and reputation of the business to maintain positive relationships with clients, suppliers and our subcontractors.

The Board regularly reviews the Company’s principal stakeholders and how it engages with them. This is achieved through information provided by senior management and by direct engagement with the stakeholders themselves. The most desirable engagement is to hold face to face meetings, and this has been actively promoted across the business wherever possible.

The fundamental overriding principals in the governance of the Group are that of ensuring transparent conduct which reflects fairness in all dealings with the shareholders, employees, clients and the supply chain whilst having due consideration for the wider community and environment.

Section 172 (1) Statement

Section 172 of the Companies Act 2006 requires Directors to take into consideration the interests of stakeholders and other matters in their decision making. The Directors continue to have regard to the interests of the Company’s employees and other stakeholders, including the impact of its activities on the community, the environment and the Company’s reputation for good business conduct, when making decisions. In this context, acting in good faith and fairly, the Directors consider what is most likely to promote the success of the Company for its members in the long term.

During 2024 there were no key decisions made by the Board of Directors which were determined to impact employees or have a long-term impact on the business.

By order of the board

T M Dixon
Director
1 September 2025
JACKSON CIVIL ENGINEERING GROUP LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -

The directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and company, and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group and company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the group and company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

JACKSON CIVIL ENGINEERING GROUP LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -

The directors present their annual report and financial statements for the year ended 31 December 2024.

Principal activities

The principal activity of the Company is the provision of the Group management and administrative function. This includes the Company's share of activity within JacksonHyder Limited under virtue of the contractual arrangement.

The two subsidiary companies, Jackson Civils Limited and Jackson Civil Engineering Limited, operate in the civil engineering sector.

Results and dividends

The results for the year are set out on page 16.

Ordinary dividends were paid amounting to £3,200,000. The directors do not recommend payment of a further dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

R W Neall
B J Crofton
T M Dixon
R A Chitty
P D Stanhope
Disabled persons

The group gives full and fair consideration to the employment of disabled persons, having regard to their particular aptitudes and abilities. Continuing employment and training is provided wherever possible for any employee who, for any reason, becomes disabled.

Engagement with employees

Employee information is systematically provided by the use of meetings and notice boards. Employees are encouraged to give their views to management as the need arises. Staff are kept informed of the financial and economic factors affecting the group's performance by regular meetings.

Energy and carbon report

Jackson Civil Engineering Group Limited complies with laws and regulations of the UK. In compliance with the UK government's Streamlined Energy and Carbon Reporting (SECR) policy, Jackson Civil Engineering Group has completed an evaluation of energy usage and emissions for the financial year 2023. The assessment of compliance is done at group level as it is not possible to isolate the SECR qualifying organisation within the individual subsidiaries.

Methodology

The energy usage and emissions of the group has been evaluated for 1 April 2024 - 31 March 2025 as part of an ongoing emissions trend analysis, begun by the organisation in 2008. Data comparisons are included and presented as both absolute energy use and emissions and normalised against turnover. The below quantifies and presents greenhouse gas emission relating to direct (scope 1) and indirect (scope 2) energy consumption for carbon dioxide (CO2) and hydrofluorocarbons (HFCs). The report does not consider greenhouse gas emissions from activities the group does not own or control, referred to as scope 3 emissions.

Energy data is collected from energy and water data form. The form is completed at site and regional level and evaluated by our QHSE- Environmental Lead. Greenhouse gas emissions have been captured from various sources across our Scope 1-3 footprint that we are responsible for. Considering The Department for Business, Energy, and Industrial Strategy's - 2023 conversion factors (BEIS, 2023). The table below presents the energy usage and emissions sources, how they have been measured and evaluated.

JACKSON CIVIL ENGINEERING GROUP LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
JACKSON CIVIL ENGINEERING GROUP LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 8 -
JACKSON CIVIL ENGINEERING GROUP LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 9 -
JACKSON CIVIL ENGINEERING GROUP LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 10 -

Table 2. JCE, Emissions and Energy Summary FY- 2024/2025.

Emission source | Fuel type | Scope 1 | Scope 2 | Scope 3 - Electricity Transmission and Distribution | Scope 3 - Waste Generated in Operations
Emissions (T CO 2 e) | Energy (MWh) | Emissions (TCO 2 e) | Energy (MWh) | Emissions (T CO 2 e) | Emissions (T CO 2 e)
Car and Van Fleet (ICE) | Diesel and petrol | 405 | 1,623 |  |  |  |
Site fuels - Plant and equipment | HVO | 4 | 1,171 |  |  |  |
LPG (Propane) | 3 | 14 |  |  |  |
Diesel | 1,718 | 6,764 |  |  |  |
Regional Offices Gas | Natural Gas | 26 | 16 |  |  |  |
Air conditioners - fugitives | N/A | - | - |  |  |  |
Grey Fleet (ICE) | Diesel and petrol | 248 | 1,061 |  |  |  |
Grey Fleet (PHEV) | Diesel and petrol/grid | 165 | 709 | 24 | 116 | 2 |
Grey Fleet (BEV) | Grid |  |  | 25 | 119 | 2 |
Head office Electricity | Electricity |  |  | 33 | 158 | 3 |
Regional offices Electricity | Electricity |  |  | 17 | 17 | 2 |
Site electricity | Electricity |  |  | 5 | 22 | 0 |
Employee commuting | Diesel | 785.36 | 3,091.61 |  |  |  |
Petrol | 468.88 | 2,017.56 |  |  |  |
Hybrid | 84.69 | 350.18 |  |  |  |
PHEV | 80.06 | 344.34 | 11.74 | 56.27 | 1.04 | 0.00
BEV |  |  | 17.55 | 84.66 | 1.55 | 0.00
Waste generated in operation | Aggregates/soils |  |  |  |  |  | 98.93
Average construction |  |  |  |  |  | 56.37
Concrete |  |  |  |  |  | 9.96
Asphalt |  |  |  |  |  | 4.51
Organic: food and drink waste |  |  |  |  |  | 4.20
Wood |  |  |  |  |  | 2.48
Metal: scrap metal |  |  |  |  |  | 0.12
Bricks |  |  |  |  |  | 0.02
Plastics: average plastics |  |  |  |  |  | 0.01
Paper and board: mixed |  |  |  |  |  | 0.01
Asbestos |  |  |  |  |  | 0.00
| Total: | 2,570 | 11,359 | 103 | 432 | 18 | 177

JACKSON CIVIL ENGINEERING GROUP LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 11 -
Group strategic report

The Directors have included a business review within the group strategic report. Also included in the group strategic report are details of the future developments of the Company, the principal risks and uncertainties and a review of the key performance indicators as assessed by the Directors.true

JACKSON CIVIL ENGINEERING GROUP LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 12 -
Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the auditor of the company is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the auditor of the company is aware of that information.

By order of the board
T M Dixon
Director
1 September 2025
JACKSON CIVIL ENGINEERING GROUP LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF JACKSON CIVIL ENGINEERING GROUP LIMITED
- 13 -
Opinion

We have audited the financial statements of Jackson Civil Engineering Group Limited subgroup (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2024 which comprise the group statement of comprehensive income, the group statement of financial position, the company statement of financial position, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the group's and the parent company's affairs as at 31 December 2024 and of the group's profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- T he information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- The strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

JACKSON CIVIL ENGINEERING GROUP LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF JACKSON CIVIL ENGINEERING GROUP LIMITED
- 14 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and their environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- the parent company financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the parent company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, the audit engagement team:

- obtained an understanding of the nature of the industry and sector, including the legal and regulatory framework that the company operates in and how the company are complying with the legal and regulatory framework;

- enquired of management, and those charged with governance, about their own identification and assessment of the risks of irregularities, including any known, actual, suspected or alleged instances of fraud;

- discussed matters about non-compliance with laws or regulations and how fraud might occur including assessment of how and where the financial statements may be susceptible to fraud.

- in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments, assessing whether the judgements made in making accounting estimates are indicative of potential bias, and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

However, it is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

JACKSON CIVIL ENGINEERING GROUP LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF JACKSON CIVIL ENGINEERING GROUP LIMITED
- 15 -

Use of our report

This report is made solely to the parent company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the parent company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the parent company and the parent company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Malcolm McGready (Senior Statutory Auditor)
For and on behalf of Ensors, Statutory Auditor
Chartered Accountants
Connexions
159 Princes Street
Ipswich
IP1 1QJ
3 September 2025
JACKSON CIVIL ENGINEERING GROUP LIMITED
GROUP STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2024
- 16 -
2024
2023
Notes
£
£
Turnover
2
140,457,128
120,601,568
Cost of sales
(123,379,556)
(106,253,314)
Gross profit
17,077,572
14,348,254
Administrative expenses
(9,742,704)
(9,480,378)
Other operating income
236,364
392,392
Operating profit
4
7,571,232
5,260,268
Interest receivable and similar income
8
689,978
340,016
Profit before taxation
8,261,210
5,600,284
Tax on profit
9
(2,025,798)
(1,322,911)
Profit for the financial year
22
6,235,412
4,277,373
Profit for the financial year is all attributable to the owners of the parent company.
Total comprehensive income for the year is all attributable to the owners of the parent company.
JACKSON CIVIL ENGINEERING GROUP LIMITED
COMPANY STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024
31 December 2024
- 17 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
11
574,038
472,821
Investments
13
500,002
500,002
1,074,040
972,823
Current assets
Debtors
16
8,689,663
13,394,729
Cash at bank and in hand
6,031,386
3,686,936
14,721,049
17,081,665
Creditors: amounts falling due within one year
17
(7,188,134)
(10,597,106)
Net current assets
7,532,915
6,484,559
Total assets less current liabilities
8,606,955
7,457,382
Creditors: amounts falling due after more than one year
18
-
(105,137)
Provisions for liabilities
Deferred tax liability
19
25,416
-
0
(25,416)
-
Net assets
8,581,539
7,352,245
Capital and reserves
Called up share capital
21
2,165,000
2,165,000
Profit and loss reserves
22
6,416,539
5,187,245
Total equity
8,581,539
7,352,245

As permitted by section 408 of the Companies Act 2006, the c ompany has not presented its own profit and loss account and related notes. The c ompany’s profit for the year was £4,429,294 (2023 - £3,351,086 profit).

The financial statements were approved by the board of directors and authorised for issue on 1 September 2025 and are signed on its behalf by:
01 September 2025
R W Neall
T M Dixon
Director
Director
Company registration number 06778819 (England and Wales)
JACKSON CIVIL ENGINEERING GROUP LIMITED
GROUP STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2024
31 December 2024
- 18 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
11
574,038
472,821
Investments
13
1
1
574,039
472,822
Current assets
Debtors
16
17,388,375
16,929,716
Cash at bank and in hand
33,606,567
31,023,104
50,994,942
47,952,820
Creditors: amounts falling due within one year
17
(34,098,746)
(34,022,290)
Net current assets
16,896,196
13,930,530
Total assets less current liabilities
17,470,235
14,403,352
Creditors: amounts falling due after more than one year
18
(602,252)
(596,197)
Provisions for liabilities
Deferred tax liability
19
25,416
-
0
(25,416)
-
Net assets
16,842,567
13,807,155
Capital and reserves
Called up share capital
21
2,165,000
2,165,000
Profit and loss reserves
22
14,677,567
11,642,155
Total equity
16,842,567
13,807,155
The financial statements were approved by the board of directors and authorised for issue on 1 September 2025 and are signed on its behalf by:
01 September 2025
R W Neall
T M Dixon
Director
Director
Company registration number 06778819 (England and Wales)
JACKSON CIVIL ENGINEERING GROUP LIMITED
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
- 19 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 January 2023
2,165,000
9,664,782
11,829,782
Year ended 31 December 2023:
Profit and total comprehensive income
-
4,277,373
4,277,373
Dividends
12
-
(2,300,000)
(2,300,000)
Balance at 31 December 2023
2,165,000
11,642,155
13,807,155
Year ended 31 December 2024:
Profit and total comprehensive income
-
6,235,412
6,235,412
Dividends
12
-
(3,200,000)
(3,200,000)
Balance at 31 December 2024
2,165,000
14,677,567
16,842,567
JACKSON CIVIL ENGINEERING GROUP LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
- 20 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 January 2023
2,165,000
4,136,159
6,301,159
Year ended 31 December 2023:
Profit and total comprehensive income for the year
-
3,351,086
3,351,086
Dividends
12
-
(2,300,000)
(2,300,000)
Balance at 31 December 2023
2,165,000
5,187,245
7,352,245
Year ended 31 December 2024:
Profit and total comprehensive income
-
4,429,294
4,429,294
Dividends
12
-
(3,200,000)
(3,200,000)
Balance at 31 December 2024
2,165,000
6,416,539
8,581,539
JACKSON CIVIL ENGINEERING GROUP LIMITED
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 21 -
2024
2023
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
28
5,708,903
10,793,509
Income taxes paid
(484,696)
(843,393)
Net cash inflow from operating activities
5,224,207
9,950,116
Investing activities
Purchase of tangible fixed assets
(326,353)
(291,806)
Proceeds from disposal of tangible fixed assets
15,631
584
Interest received
689,978
340,016
Net cash generated from investing activities
379,256
48,794
Financing activities
Dividends paid to equity shareholders
(3,020,000)
(2,160,000)
Net cash used in financing activities
(3,020,000)
(2,160,000)
Net increase in cash and cash equivalents
2,583,463
7,838,910
Cash and cash equivalents at beginning of year
31,023,104
23,184,194
Cash and cash equivalents at end of year
33,606,567
31,023,104
JACKSON CIVIL ENGINEERING GROUP LIMITED
GROUP STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 22 -
1
Judgements and key sources of estimation uncertainty

In preparing these financial statements, the Directors have made the following judgements:

- Determine whether leases entered into by the Group either as a lessor or a lessee are operating or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.

- Determine whether there are indicators of impairment of the Group's tangible and intangible assets, including goodwill. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.

Other key sources of estimation uncertainty:

Tangible fixed assets

Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

Long term contracts

The Company applies its policies on turnover and long term contracts when recognising revenue and profit on partially completed contracts. The application of this policy requires judgements to be made in respect of the total expected costs to complete and the profit margin achievable on each contract. The Company has in place established internal control processes to ensure that the evaluation of costs and revenues is based upon appropriate estimates.

2
Turnover and other revenue
2024
2023
£
£
Turnover analysed by class of business
Turnover from building contracting activities.
140,457,128
120,601,568
2024
2023
£
£
Other revenue
Interest income
689,978
340,016

All turnover arose within the United Kingdom

JACKSON CIVIL ENGINEERING GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 23 -
3
Accounting policies
Company information

Jackson Civil Engineering Group Limited is a private company, limited by shares, incorporated in England and Wales under the Companies Act 2006. The address of the registered office is given on the company information page and the nature of the Group's operations and its principal activities are set out in the directors' report.

3.1
Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires group management to exercise judgement in applying the Company's accounting policies (see note 2).

Parent company disclosure exemptions

In preparing the separate financial statements of the Parent Company, advantage has been taken of the following disclosure exemptions available in FRS 102:

- Only one reconciliation of the number of shares outstanding at the beginning and end of the period

has been presented as the reconciliations for the Group and the Parent Company would be identical;

- No cash flow statement has been presented for the Parent Company;

- Disclosures in respect of the Parent Company's financial instruments have not been presented as equivalent disclosures have been provided in respect of the Group as a whole;

- No disclosure has been given for the aggregate remuneration of the key management personnel of the Parent Company as their remuneration is included in the totals for the Group as a whole; and

- The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own statement of comprehensive income in these financial statements.

The following principal accounting policies have been applied:

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

3.2
Basis of consolidation

T he consolidated financial statements present the results of Jackson Civil Engineering Group Limited and its own subsidiaries ("the Group") as they formed a single entity. lntercompany transactions and balances between Group companies are therefore eliminated in full.

The consolidated financial statements incorporate the results of business combinations using the purchase method. In the statement of financial position, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the consolidated statement of comprehensive income from the date on which control is obtained. They are deconsolidated from the date control ceases.

JACKSON CIVIL ENGINEERING GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
3
Accounting policies
(Continued)
- 24 -
3.3
Going concern

The Company and its subsidiaries are part of the wider group headed by One Group Construction Limited. Detailed forecasts of the Company, its subsidiaries and the wider Group for a period of at least 12 months from the approval of these financial statements have been considered. Taking into account the current economic climate and reasonably possible downsides, the directors have a reasonable expectation that the Company and the Group has sufficient resources to meet their obligations as they fall due and continue in operational existence for the foreseeable future.

Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3.4
Turnover

Turnover consists of income derived from short term and long term contracts on a variety of differing commercial projects. Invoices for short term contracts are raised as the work progresses and turnover is realised accordingly. Turnover for long term contracts is stated at cost appropriate to their stage of completion plus attributable profits, less amounts recognised in previous periods. The amounts of profit attributable to the stage of completion of a long term contract is recognised when the outcome can be foreseen with reasonable certainty. Provision is made for any losses which are foreseen. Applications for stage payments are issued on a monthly basis and are net of value added tax, where appropriate, and trade discounts.

3.5
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of a business combination over the fair value of the Group's share of the net identifiable assets of the acquired subsidiary at the date of acquisition. Goodwill on acquisitions of subsidiaries is included in 'intangible assets'. Gains and losses on the disposal of an entity include the carrying amount of goodwill relating to the entity sold. Goodwill is carried at cost less accumulated amortisation and accumulated impairment losses. Goodwill amortisation is calculated by applying the straight-line method to its estimated useful life. If a reliable estimate cannot be made, the useful life of goodwill is presumed to be 5 years. Goodwill is being amortised to 'administrative expenses' over periods ranging from 3 to 10 years.

Estimates of the useful economic life of goodwill are based on a variety of factors such as the expected use of the acquired business, the expected useful life of the cash generating units to which the goodwill is attributed, any legal, regulatory or contractual provisions that can limit useful life and assumptions that market participants would consider in respect of similar businesses.

3.6
Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The Group adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the Group. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to the profit or loss during the period in which they are incurred.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
10 years
Fixtures, fittings, tools and equipment
5 - 10 years
Motor vehicles
4 years
Other fixed assets
3 - 10 years
JACKSON CIVIL ENGINEERING GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
3
Accounting policies
(Continued)
- 25 -

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

3.7
Fixed asset investments

The company's investments in subsidiaries and joint ventures are measured at cost less accumulated impairment.

3.8
Impairment of fixed assets

Assets that are subject to depreciation or amortisation are assessed at each reporting date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit "CGU" to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each reporting date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

3.9
Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

In the consolidated statement of cash flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Group's cash management.

JACKSON CIVIL ENGINEERING GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
3
Accounting policies
(Continued)
- 26 -
3.10
Financial instruments

The Group only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the consolidated statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined, under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that,the Group would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the consolidated statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3.11
Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.12
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

JACKSON CIVIL ENGINEERING GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
3
Accounting policies
(Continued)
- 27 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

3.13
Retirement benefits

Contributions to the Group's defined contribution pension scheme are charged to profit or loss in the year in which they become payable.

3.14
Leases

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

3.15

Long-term contracts and debtors

Amounts recoverable on contracts are included in debtors and represent turnover recognised in excess of payments received from clients. Payments received from clients in excess of the turnover recognised are included within payments on account in creditors. Amounts included within work in progress represent costs incurred on contracts in their initial stages as at the year end for which no application for payment has been made.

Debtors

Short term debtors are measured at transaction price, less any impairment.

3.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

4
Operating profit
2024
2023
£
£
Operating profit for the year is stated after charging/(crediting):
Depreciation of owned tangible fixed assets
220,680
186,143
Profit on disposal of tangible fixed assets
(11,175)
(525)
Operating lease charges
1,673,140
1,309,810
JACKSON CIVIL ENGINEERING GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 28 -
5
Auditor's remuneration
2024
2023
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the group and company
108,038
132,417
6
Employees

The average monthly number of persons (including directors) employed by the group and company during the year was:

Group
Company
2024
2023
2024
2023
Number
Number
Number
Number
Directors
5
5
5
5
Indirect
95
91
95
91
Direct
230
221
230
198
Total
330
317
330
294

Their aggregate remuneration comprised:

Group
Company
2024
2023
2024
2023
£
£
£
£
Wages and salaries
16,505,477
15,464,457
16,505,477
15,464,457
Social security costs
1,783,673
1,554,256
1,783,673
1,554,256
Pension costs
2,208,915
1,653,864
2,208,915
1,653,864
20,498,065
18,672,577
20,498,065
18,672,577
7
Directors' remuneration
2024
2023
£
£
Remuneration for qualifying services
729,109
737,833
Company pension contributions to defined contribution schemes
114,189
92,727
843,298
830,560
JACKSON CIVIL ENGINEERING GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
7
Directors' remuneration
(Continued)
- 29 -
Remuneration disclosed above includes the following amounts paid to the highest paid director:
2024
2023
£
£
Remuneration for qualifying services
210,966
213,726
Company pension contributions to defined contribution schemes
31,271
25,585

During the year retirement benefits were accruing to 5 Directors (202 3: 5) in respect of defined contribution pension schemes.

8
Interest receivable and similar income
2024
2023
£
£
Interest income
Interest on bank deposits
579,489
269,591
Interest receivable from group companies
93,879
69,094
Other interest income
16,610
1,331
Total income
689,978
340,016
9
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
1,813,192
1,284,283
Group tax relief
148,197
-
0
Total current tax
1,961,389
1,284,283
Deferred tax
Origination and reversal of timing differences
64,409
38,628
Total tax charge
2,025,798
1,322,911
JACKSON CIVIL ENGINEERING GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
9
Taxation
(Continued)
- 30 -

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2024
2023
£
£
Profit before taxation
8,261,210
5,600,284
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2023: 23.52%)
2,065,303
1,317,187
Tax effect of expenses that are not deductible in determining taxable profit
20,955
7,893
Adjustments in respect of prior years
(1,369)
-
0
Effect of change in corporation tax rate
-
2,158
Group relief
(207,288)
(4,006)
Depreciation on assets not qualifying for tax allowances
-
0
(323)
Other permanent differences
-
0
2
Group income
1,167
-
0
147,030
-
0
Taxation charge
2,025,798
1,322,911
10
Intangible fixed assets
Group
Goodwill
£
Cost
At 1 January 2024 and 31 December 2024
1,458,477
Amortisation and impairment
At 1 January 2024 and 31 December 2024
1,458,477
Carrying amount
At 31 December 2024
-
0
At 31 December 2023
-
0
Company
Goodwill
£
Cost
At 1 January 2024 and 31 December 2024
1,450,000
Amortisation and impairment
At 1 January 2024 and 31 December 2024
1,450,000
JACKSON CIVIL ENGINEERING GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
10
Intangible fixed assets
(Continued)
- 31 -
Carrying amount
At 31 December 2024
-
0
At 31 December 2023
-
0
11
Tangible fixed assets
Group
Leasehold improvements
Fixtures, fittings, tools and equipment
Motor vehicles
Other fixed assets
Total
£
£
£
£
£
Cost
At 1 January 2024
169,379
444,330
37,487
550,058
1,201,254
Additions
-
0
98,452
-
0
227,901
326,353
Disposals
(27,850)
(94,261)
-
0
-
0
(122,111)
At 31 December 2024
141,529
448,521
37,487
777,959
1,405,496
Depreciation and impairment
At 1 January 2024
95,282
225,073
37,481
370,597
728,433
Depreciation charged in the year
15,674
88,034
6
116,966
220,680
Eliminated in respect of disposals
(27,836)
(89,819)
-
0
-
0
(117,655)
At 31 December 2024
83,120
223,288
37,487
487,563
831,458
Carrying amount
At 31 December 2024
58,409
225,233
-
0
290,396
574,038
At 31 December 2023
74,097
219,257
6
179,461
472,821
JACKSON CIVIL ENGINEERING GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
11
Tangible fixed assets
(Continued)
- 32 -
Company
Leasehold improvements
Fixtures, fittings, tools and equipment
Motor vehicles
Other fixed assets
Total
£
£
£
£
£
Cost
At 1 January 2024
169,379
444,330
37,487
550,058
1,201,254
Additions
-
0
98,452
-
0
227,901
326,353
Disposals
(27,850)
(94,261)
-
0
-
0
(122,111)
At 31 December 2024
141,529
448,521
37,487
777,959
1,405,496
Depreciation and impairment
At 1 January 2024
95,282
225,073
37,481
370,597
728,433
Depreciation charged in the year
15,674
88,034
6
116,966
220,680
Eliminated in respect of disposals
(27,836)
(89,819)
-
0
-
0
(117,655)
At 31 December 2024
83,120
223,288
37,487
487,563
831,458
Carrying amount
At 31 December 2024
58,409
225,233
-
0
290,396
574,038
At 31 December 2023
74,097
219,257
6
179,461
472,821
12
Dividends
2024
2023
Recognised as distributions to equity holders:
£
£
Final dividend declared and payable
3,200,000
2,300,000
13
Fixed asset investments
Group
Company
2024
2023
2024
2023
Notes
£
£
£
£
Investments in subsidiaries
14
-
0
-
0
500,001
500,001
Investments in joint ventures
1
1
1
1
1
1
500,002
500,002
Fixed asset investments not carried at market value

Fixed assets investments are investments in subsidiaries and a joint arrangement that are all measured at cost.

JACKSON CIVIL ENGINEERING GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
13
Fixed asset investments
(Continued)
- 33 -
Movements in fixed asset investments
Group
Shares in joint ventures
£
Cost or valuation
At 1 January 2024 and 31 December 2024
1
Carrying amount
At 31 December 2024
1
At 31 December 2023
1
Movements in fixed asset investments
Company
Shares in subsidiaries and joint ventures
£
Cost or valuation
At 1 January 2024 and 31 December 2024
500,002
Carrying amount
At 31 December 2024
500,002
At 31 December 2023
500,002
14
Subsidiaries

Details of the company's subsidiaries at 31 December 2024 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Jackson Civils Limited
30 White House Rd, Ipswich IP1 5LT
Ordinary
100.00
Jackson Frameworks Limited
30 White House Rd, Ipswich IP1 5LT
Ordinary
100.00
Jackson Civil Engineering Limited
30 White House Rd, Ipswich IP1 5LT
Ordinary
100.00
15
Joint Venture

The company has a 50% Holding in a joint venture in JacksonHyder Limited together with its partner, Arcadis Consulting (UK) Limited.

JacksonHyder Limite d's registered office address is 30 White House Road, Ipswich, Suffolk, IP1 5LT

JACKSON CIVIL ENGINEERING GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 34 -
16
Debtors
Group
Company
2024
2023
2024
2023
Amounts falling due within one year:
£
£
£
£
Trade debtors
4,800
18,196
4,800
18,195
Gross amounts owed by contract customers
15,131,157
14,497,063
823,811
1,248,374
Corporation tax recoverable
413
-
0
-
0
-
0
Amounts owed by group undertakings
25,372
10,513
6,305,219
10,746,668
Amounts owed by undertakings in which the company has a participating interest
823,811
1,248,374
-
-
Other debtors
47,927
3,813
1,210,454
1,073,443
Prepayments and accrued income
345,379
269,056
345,379
269,056
16,378,859
16,047,015
8,689,663
13,355,736
Deferred tax asset (note 19)
-
0
38,993
-
0
38,993
16,378,859
16,086,008
8,689,663
13,394,729
Amounts falling due after more than one year:
Gross amounts owed by contract customers
1,009,516
843,708
-
0
-
0
Total debtors
17,388,375
16,929,716
8,689,663
13,394,729

Amounts recoverable on long term contracts consists of balances outstanding for periods up to two years. Swift resolution of amounts recoverable on contracts occurs when contractual issues are simple and agreed by all parties. Long protracted resolutions occur when contractual disagreement arises on complex interpretation to additional works carried out, or additional costs incurred, and the relevant liability of all the various parties to the contract for these additional costs. Resolution occurs through a combination of negotiation, adjudication and legal action.

17
Creditors: amounts falling due within one year
Group
Company
2024
2023
2024
2023
£
£
£
£
Payments received on account
3,166,866
2,999,426
-
0
-
0
Trade creditors
21,170,400
22,502,618
279,385
448,353
Amounts owed to group undertakings
1,852,274
1,872,726
3,831,625
3,149,705
Corporation tax payable
1,961,389
484,283
171,655
65,420
Other taxation and social security
3,614,298
4,082,321
796,248
5,086,045
Dividends payable to non-controlling interests
640,000
460,000
640,000
460,000
Other creditors
433,436
405,915
209,138
172,582
Accruals and deferred income
1,260,083
1,215,001
1,260,083
1,215,001
34,098,746
34,022,290
7,188,134
10,597,106
JACKSON CIVIL ENGINEERING GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 35 -
18
Creditors: amounts falling due after more than one year
Group
Company
2024
2023
2024
2023
£
£
£
£
Trade creditors
602,252
491,060
-
0
-
0
Accruals and deferred income
-
0
105,137
-
0
105,137
602,252
596,197
-
105,137
19
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:

Liabilities
Liabilities
Assets
Assets
2024
2023
2024
2023
Group
£
£
£
£
Accelerated capital allowances
25,416
-
-
38,993
Liabilities
Liabilities
Assets
Assets
2024
2023
2024
2023
Company
£
£
£
£
Accelerated capital allowances
25,416
-
-
38,993
Group
Company
2024
2024
Movements in the year:
£
£
Asset at 1 January 2024
(38,993)
(38,993)
Charge to profit or loss
64,409
64,409
Liability at 31 December 2024
25,416
25,416

The deferred tax asset set out above is expected to reverse within 12 months and relates to the utilisation of tax losses against future expected profits of the same period. T he deferred tax liability set out above is expected to reverse within 12 months and relates to accelerated capital allowances that are expected to mature within the same period.

The Finance Act 2021 was substantially enacted in May 2021 and has increased the corporation tax rate to 25% with effect from 1 April 2023. The deferred taxation balances have been measured using the rates expected to apply in the reporting periods when the timing differences reverse.

JACKSON CIVIL ENGINEERING GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 36 -
20
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
2,208,915
1,653,864

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.

21
Share capital
Group and company
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary shares of £1 each
1,850,000
1,850,000
1,850,000
1,850,000
B Ordinary shares of £1 each
150,000
150,000
150,000
150,000
C Ordinary shares of £1 each
75,000
75,000
75,000
75,000
D Ordinary shares of £1 each
90,000
90,000
90,000
90,000
2,165,000
2,165,000
2,165,000
2,165,000

In the event of winding up of the Company, the Ordinary 'A' shares have first rights for repayment of up to £1,700,000 in proportion to the number of Ordinary 'A' shares held. Thereafter, any amount above £1,700,000 up to £2,900,000, the remaining assets of the Company will be distributed as follows; 87.5% to the holder of Ordinary 'A' shares and 6.25% to each of the holders of Ordinary 'B' shares. Thereafter, the remaining assets of the Company will be distributed as follows; 81.25% to the holder of Ordinary 'A' shares, 6.25% to each of the holders of Ordinary 'B' shares, 6.25% to the holder of Ordinary 'C' shares and 3. 75% to the holder of Ordinary 'D' shares.

The right to vote and any dividend declared shall by received, 81.25% to the holder of Ordinary 'A' shares, 6.25% to each of the holders of Ordinary 'B' shares, 6.25% to the holder of Ordinary 'C' shares and 3.75% to the holder of Ordinary 'D' shares.

22
Reserves
Profit and loss reserves

The Group's reserves are as follows:

Called up share capital

Called up share capital represents the nominal value of the shares issued.

Profit and loss account

The profit and loss account represents cumulative profits or losses, net of dividends paid and other adjustments.

JACKSON CIVIL ENGINEERING GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 37 -
23
Financial commitments, guarantees and contingent liabilities

There is a contingent liability in respect of guarantees given by the Company, in common with fellow subsidiaries, to its bankers for loan and overdraft facilities granted to the ultimate parent company, One Group Construction Limited and its subsidiaries. Debt is further secured by legal charges over property owned by the Group.

At the year end, gross overdrafts amounting to £13,327,967 (202 3: £11,940,789). The Group has a right of set off between overdrafts and current account balances. At the year end other group companies had current account balances totalling £ 25,590,999 (202 3: £ 20,287,011 ) fully off-setting the gross overdraft balances when combined with the current account balance of the individual company.

24
Operating lease commitments
Lessee

At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Group
Company
2024
2023
2024
2023
£
£
£
£
Within one year
1,284,295
1,250,658
1,284,295
1,250,658
Between two and five years
2,073,707
2,086,960
2,073,707
2,086,960
3,358,002
3,337,618
3,358,002
3,337,618
25
Pension commitments

The Company operates a defined contribution pension scheme.

Contributions made by the Company to the scheme during the year amounted to £2,208,915 (202 3: £1,653,864).

Contributions totaling £190,736 (202 3: £1 52,785) payable to the scheme at the year end are included within other creditors.

JACKSON CIVIL ENGINEERING GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 38 -
26
Related party transactions
Transactions with related parties

During the year the group entered into the following transactions with related parties:

Sales
Sales
Purchases
Purchases
2024
2023
2024
2023
£
£
£
£
Group
One Group Construction Limited
-
-
1,540,674
1,293,868
Fellow subsidiaries
706,704
709,182
4,180,473
924,893
Company
One Group Construction Limited
-
-
1,540,674
1,293,868
Fellow subsidiaries
706,704
667,971
185,010
216,984

Related party transactions - Jackson Civil Engineering Group Limited and subsidiaries

During the year, the Company received management charges of £429,760 (202 3: £458,265) from SEH (Property and Administration) Limited, a fellow group subsidiary.

During the year, the Company was charged rent of £160,341 (202 3: £160,341) by SEH (Property and Administration) Limited, and £13,032 (2023: £Nil) by SEHBAC Limited, fellow group subsidiaries.

During the year, the Company received rent totaling £46,872 (202 3: £46,872) from SEH French Limited, £3,618 (202 3: £7,236) from Sandlings Properties Limited, £53,735 (2023: £Nil) from Anchor Freight Limited, fellow group subsidiaries.

During the year the Company proposed dividends amounting to £3,200,000 (202 3: £2,30 0,000). Of these dividends £2,560,000 (2023: £1,84 0,000) were payable to SEH Group Limited (see note 17), the immediate parent undertaking and £640,000 (202 3: £46 0,000) were payable to the Directors of the Company.

During the year, the Company received interest of £93,879 (202 3: £66,683) from SEH (Property and Administration) Limited and there was £Nil interest received from SEHBAC Limited (2023: £13,032), fellow group subsidiaries.

The following amounts were outstanding at the reporting end date:

Amounts due to related parties
2024
2023
£
£
Group
Entities with control, joint control or significant influence over the group
2,560,000
1,840,000
Fellow subsidiaries
701,972
32,727
Company
One Group Construction Limited
2,560,000
1,840,000
Fellow subsidiaries
1,019,064
1,309,705
JACKSON CIVIL ENGINEERING GROUP LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
26
Related party transactions
(Continued)
- 39 -

The following amounts were outstanding at the reporting end date:

Amounts due from related parties
2024
2023
Balance
Balance
£
£
Group
Entities over which the group has control, joint control or significant influence
823,811
-
Fellow subsidiaries
25,372
10,513
Company
Fellow subsidiaries
6,200,370
10,746,668
27
Controlling party

The Company is controlled by One Group Construction Limited. The smallest and largest group into which the accounts of the Company are consolidated into is headed by One Group Construction Limited, the Company's ultimate parent undertaking and controlling party, which is registered in England and Wales. Copies of the consolidated accounts are available from Companies House, Crown Way, Cardiff, CF14 3UZ. The registered office of One Group Construction Limited is 30 White House Road, Ipswich, Suffolk, IP1 5LT.

28
Cash generated from group operations
2024
2023
£
£
Profit after taxation
6,235,412
4,277,373
Adjustments for:
Taxation charged
2,025,798
1,322,911
Investment income
(689,978)
(340,016)
Gain on disposal of tangible fixed assets
(11,175)
(525)
Depreciation and impairment of tangible fixed assets
220,680
186,143
Movements in working capital:
(Increase)/decrease in debtors
(497,239)
4,398,609
(Decrease)/increase in creditors
(1,574,595)
949,014
Cash generated from operations
5,708,903
10,793,509
29
Analysis of changes in net funds - group
1 January 2024
Cash flows
31 December 2024
£
£
£
Cash at bank and in hand
31,023,104
2,583,463
33,606,567
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