REGISTERED NUMBER: 01803280 (England and Wales)

Strategic Report, Report of the Director and

Financial Statements for the Year Ended 31 December 2024

for

L & R Roadlines Limited

Page

Company Information

1

Strategic Report

2

Report of the Director

4

Report of the Independent Auditors

6

Statement of Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Notes to the Financial Statements

12

DIRECTOR:

M J Littleboy

REGISTERED OFFICE:

Albert House

6 Cloister Way

Ellesmere Port

Cheshire

CH65 4EL

REGISTERED NUMBER:

01803280 (England and Wales)

AUDITORS:

Haines Watts Liverpool Limited

Pacific Chambers

11-13 Victoria Street

Liverpool

Merseyside

L2 5QQ

The director presents his strategic report for the year ended 31 December 2024.

The company work as road marking, road safety surfacing and road repair contractors.

REVIEW OF BUSINESS

A summary of the results of the business is shown below.

The key financial highlights are as below:

31.12.24

31.12.23

£

£

Turnover

11,645,675

10,896,894

Gross profit margin

34.5%

34.8%

Profit before tax

1,018,599

891,068

The company continues in its long term goal to grow its service provision offering.

Gross profit margin has decreased due to the increase in supplier prices.

The Company holds certification for ISO9001 (Quality), ISO14001 (Environmental), ISO45001 (Health and Safety) and this period also achieved certification for ISO44001 (Management Systems) PAS2080 and FORS Management Systems..

PERFORMANCE MANAGEMENT

Long term financial plans are developed by the Directors to target improved performance in all areas of the business. On a monthly basis, the Directors review the performance of the group by comparing actual results against prior year achievements and analysing the results where necessary. Particular emphasis is placed upon monitoring turnover, operating costs, cash flows and working capital levels.

PRINCIPAL RISKS AND UNCERTAINTIES

There are a number of potential risks and uncertainties, which could have a material impact on the Company's long-term performance and cause actual results to materially differ from expected and historic results.

The risk management process seeks to enable the early identification, evaluation and effective management of the key risks facing the Company at an operational level and to operate internal controls that adequately mitigate these risks. The Directors have identified the following to be the principal risks and uncertainties that could have the most significant impact upon the group's value generation.

Operational risk:

Competitor environment and customer risk

There is strong competition within the market in which the Company operates. The Company manages the risk of potential loss of customers to competitors by maintaining strong customer and supplier relationships. Delivering high levels of support and quality supports this process. The monitoring of KPIs including service levels and customer complaints enables the business to ensure it offers strong customer service, quality products and innovative product development.

State of the economy

The global economic recovery continues at a slow pace. A relapse could adversely impact sales and ultimately lower profitability and cash flow. Although the Company cannot directly influence the general economic conditions, the Company has the ability to adapt very quickly to changes in customer trends.

Financial risk:

Credit risk

A large proportion of the sales are made on credit terms. Granting of credit to inappropriate parties or the failure to collect debts on a timely basis could leave the Company exposed to losses. The Company maintains strong relationships with its customers and has established credit control procedures. Credit evaluations are performed on all customers requiring credit and outstanding debts are continuously monitored.

DEVELOPMENTS AND PERFORMANCE

The Directors are continuing with the implementation of computerised managerial information systems which will reduce time and improve internal procedures. Marketing and the further development of the Company's website have played an important role in achieving continued success.

EMPLOYMENT POLICY

The Director's believe employees are one of the most valuable assets to any company. The Company has a very low staff turnover and prides itself in treating our staff well and this is key to the business. The Company offers training in a variety of disciplines. It also endeavours, whenever possible to promote from within the current workforce.

The Company is committed to offering equal opportunities to all individuals through recruitment, training and career development. Full and fair consideration is given to applicants with disabilities and every effort is made to give employees who become disabled while employed by the Company, an opportunity for retraining.

ON BEHALF OF THE BOARD:

M J Littleboy - Director

25 July 2025

The director presents his report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY

L&R Roadlines provide a comprehensive service to install road markings, road safety surfacing and road repair products.

DIVIDENDS

No interim dividend was paid during the year. The director recommended a final dividend of £1,132 per share.

The total distributions of dividends for the year ended 31 December 2024 will be £566,000.

RESEARCH AND DEVELOPMENT

The research and development of new materials is ongoing, and we are at the forefront of technology, for the introduction of new materials for the roadmarking industry.

FUTURE DEVELOPMENTS

Future developments include the growth of the more profitable contracts of the business.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

M J Littleboy

M Oakes (Resigned 01/06/2024)

CHARITABLE DONATIONS

In the period the company donated a total of £4,771 (2023: £3,358) to charitable causes.

EMPLOYEES

The company is involved in the apprenticeship scheme in the workshop and administration and accounts department. The individual employees are receiving full training to deal with a fast growing administration/accounts department including all training on the new software systems.

The company has a Health and Safety Manager, who is working closely with all operatives and is implementing a new training program for all staff.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial period. Under that law the director has 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 director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-

select suitable accounting policies and then apply them consistently;

-

make judgements and accounting estimates that are reasonable and prudent;

-

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Haines Watts Liverpool Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

M J Littleboy - Director

25 July 2025

Opinion

We have audited the financial statements of L & R Roadlines Limited (the 'company') for the year ended 31 December 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of 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 company's affairs as at 31 December 2024 and of its 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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the 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 director's 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 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 director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

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.

In connection with our audit of the financial statements, 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 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 the audit:

-	the information given in the Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Director.

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

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

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

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

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

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page four, the director is 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 director determines 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 director is responsible for assessing the 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 director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditors' 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 a Report of the Auditors 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:

-

Identifying and assessing the design effectiveness of controls management has in place to prevent and detect fraud;

-

Understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process;

-

Reviewing financial statements disclosures and testing to supporting documentation to assess compliance with applicable law and regulations;

-

Challenging assumptions and judgements made by management in its significant accounting estimates;

-

Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations.

Our audit did not identify any significant matters relating to the detection of irregularities including fraud. However, despite the audit being planned and conducted in accordance with ISAs (UK) there remains an unavoidable risk that material misstatements in the financial statements may not be detected owing to inherent limitations of the audit, and that by their very nature, any such instances of fraud or irregularity likely involve collusion, forgery, intentional misrepresentations, or the override of internal controls.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the 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 company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Timothy Cherry, FCCA (Senior Statutory Auditor)

for and on behalf of Haines Watts Liverpool Limited

Pacific Chambers

11-13 Victoria Street

Liverpool

Merseyside

L2 5QQ

24 July 2025

TURNOVER

3

11,645,675

10,896,894

Cost of sales

7,686,131

7,107,205

GROSS PROFIT

3,959,544

3,789,689

Administrative expenses

3,070,648

2,973,629

888,896

816,060

Other operating income

48,999

31,304

OPERATING PROFIT

5

937,895

847,364

Interest receivable and similar income

6

83,146

43,704

1,021,041

891,068

Interest payable and similar expenses

7

2,442

-

PROFIT BEFORE TAXATION

1,018,599

891,068

Tax on profit

8

272,605

199,769

PROFIT FOR THE FINANCIAL YEAR

745,994

691,299

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

745,994

691,299

FIXED ASSETS

Tangible assets

10

1,905,555

1,815,384

CURRENT ASSETS

Stocks

11

194,825

100,459

Debtors

12

4,416,001

4,476,016

Cash at bank and in hand

518,795

306,704

5,129,621

4,883,179

CREDITORS

Amounts falling due within one year

13

799,846

687,522

NET CURRENT ASSETS

4,329,775

4,195,657

TOTAL ASSETS LESS CURRENT LIABILITIES

6,235,330

6,011,041

PROVISIONS FOR LIABILITIES

15

399,774

355,479

NET ASSETS

5,835,556

5,655,562

CAPITAL AND RESERVES

Called up share capital

16

500

500

Capital redemption reserve

17

500

500

Retained earnings

17

5,834,556

5,654,562

SHAREHOLDERS' FUNDS

5,835,556

5,655,562

The financial statements were approved by the director and authorised for issue on 25 July 2025 and were signed by:

M J Littleboy - Director

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 January 2023

500

4,963,263

500

4,964,263

Changes in equity

Total comprehensive income

-

691,299

-

691,299

Balance at 31 December 2023

500

5,654,562

500

5,655,562

Changes in equity

Dividends

-

(566,000

)

-

(566,000

)

Total comprehensive income

-

745,994

-

745,994

Balance at 31 December 2024

500

5,834,556

500

5,835,556

1.	STATUTORY INFORMATION

L & R Roadlines Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with FRS102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006, including the provisions of the Large and Medium sized Companies and Groups (Accounts and Reports) Regulations 2008. The financial statements have been prepared under the historical cost convention.

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

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows.

Significant judgements and estimates

There are no key assumptions concerning the future, and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Improvements to property

4% straight line

Plant and machinery

12.5% straight line

Fixtures, fittings & equipment

12.5% & 25% straight line

Motor vehicles

25% straight line

Both the useful life and residual value of the assets within the financial statements have been reviewed. The entity have changed the above accounting estimates from reducing balance to a straight line basis of depreciation and have applied the change with effect from 1st January 2022.

Stocks and work in progress

Stock and work in progress are valued at the lower of cost and net realisable value.

Amounts recoverable on contracts, which are included in work in progress, are stated at the net sales value of the work done less amounts received as progress payments on account.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors

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

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.

Creditors

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

Financial instruments

The group only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and directors loan accounts (being repayable on demand).The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other accounts receivable and payable, loans from banks and loans to related parties. Trade and other debtors are measured at transaction price less any impairment. Trade and other creditors are measured at 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.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

31.12.24

31.12.23

£

£

United Kingdom

11,645,675

10,896,894

11,645,675

10,896,894

4.	EMPLOYEES AND DIRECTORS

31.12.24

31.12.23

£

£

Wages and salaries

3,875,908

3,463,813

Social security costs

418,832

382,423

Other pension costs

82,468

75,275

4,377,208

3,921,511

The average number of employees during the year was as follows:

31.12.24

31.12.23

Administrative

21

21

Operative

61

61

82

82

31.12.24

31.12.23

£

£

Directors' remuneration

183,982

195,600

Directors' pension contributions to money purchase schemes

1,871

2,642

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes

1

2

Key management personnel

The directors are considered to be key management personnel for the current period and previous year. Their benefits are noted above.

5.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

31.12.24

31.12.23

£

£

Depreciation - owned assets

410,867

385,674

Profit on disposal of fixed assets

(100,101

)

(50,171

)

Auditors' remuneration

10,000

10,000

Other non- audit services

12,256

12,663

Foreign exchange differences

178

-

6.

INTEREST RECEIVABLE AND SIMILAR INCOME

31.12.24

31.12.23

£

£

Deposit account interest

5,467

-

Intercompany interest received

77,679

43,704

83,146

43,704

7.

INTEREST PAYABLE AND SIMILAR EXPENSES

31.12.24

31.12.23

£

£

Interest payable

2,442

-

8.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

31.12.24

31.12.23

£

£

Current tax:

UK corporation tax

228,310

44,320

Deferred tax

44,295

155,449

Tax on profit

272,605

199,769

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

31.12.24

31.12.23

£

£

Profit before tax

1,018,599

891,068

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2023 - 25%)

254,650

222,767

Effects of:

Expenses not deductible for tax purposes

3,587

871

Income not taxable for tax purposes

(25,025

)

(12,543

)

Capital allowances in excess of depreciation

-

(8,539

)

Depreciation in excess of capital allowances

25,014

-

HMRC interest included in tax line

14,379

-

Effect of changes in tax rate

-

(2,787

)

Total tax charge

272,605

199,769

9.

DIVIDENDS

31.12.24

31.12.23

£

£

Ordinary shares of £1 each

Interim

566,000

-

10.	TANGIBLE FIXED ASSETS

Fixtures

Improvements

Plant and

and

Motor

to property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

112,138

4,810,138

284,226

404,959

5,611,461

Additions

45,740

311,171

41,029

114,246

512,186

Disposals

-

(285,801

)

(12,157

)

(49,664

)

(347,622

)

At 31 December 2024

157,878

4,835,508

313,098

469,541

5,776,025

DEPRECIATION

At 1 January 2024

1,584

3,338,951

243,011

212,531

3,796,077

Charge for year

5,868

293,244

19,756

91,999

410,867

Eliminated on disposal

-

(285,801

)

(12,157

)

(38,516

)

(336,474

)

At 31 December 2024

7,452

3,346,394

250,610

266,014

3,870,470

NET BOOK VALUE

At 31 December 2024

150,426

1,489,114

62,488

203,527

1,905,555

At 31 December 2023

110,554

1,471,187

41,215

192,428

1,815,384

11.

STOCKS

31.12.24

31.12.23

£

£

Work-in-progress

6,979

8,753

Finished goods

187,846

91,706

194,825

100,459

12.

DEBTORS

31.12.24

31.12.23

£

£

Amounts falling due within one year:

Trade debtors

1,454,376

1,963,433

Amounts owed by group undertakings

2,272,437

1,463,871

Other debtors

99,606

233

VAT

58,700

111,070

Prepayments

103,882

110,409

3,989,001

3,649,016

Amounts falling due after more than one year:

Amounts owed by group undertakings

427,000

827,000

Aggregate amounts

4,416,001

4,476,016

Amounts owed from group undertakings are unsecured and bare quarterly interests at an average rate of 1.2% or are interest free.

Trade debtors are stated after provisions for bad and doubtful debts of £698 (2023:£11,678 ) and have been recognised within administrative expenses.

13.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

231,018

420,319

Amounts owed to group undertakings

93,564

-

Tax

213,931

(31,472

)

Social security and other taxes

136,679

127,193

Other creditors

44,781

19,033

Accrued expenses

79,873

152,449

799,846

687,522

Amounts owed to group undertakings are unsecured and bare quarterly interests at an average rate of 1.2% are interest free.

14.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

63,515

54,673

Between one and five years

127,532

25,703

191,047

80,376

Lease payments recognised as an expense within the financial year amount to £59,403 (2023: £50,145).

15.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

399,774

355,479

Deferred tax

£

Balance at 1 January 2024

355,479

Provided during year

44,295

Balance at 31 December 2024

399,774

The deferred tax liability set out above is expected to reverse within the foreseeable future and relates to accelerated capital allowances and other short term timing differences.