Road Maintenance Services (Preservations) Limited Company accounts

COMPANY REGISTRATION NUMBER: 11328432

Road Maintenance Services (Preservations) Limited

Financial Statements

31 December 2024

Road Maintenance Services (Preservations) Limited

Financial Statements

Year ended 31 December 2024

Contents	Pages

Officers and professional advisers	1

Directors' report	2 to 3

Independent auditor's report to the member	4 to 7

Statement of income and retained earnings	8

Statement of financial position	9

Notes to the financial statements	10 to 12

Road Maintenance Services (Preservations) Limited

Officers and Professional Advisers

The board of directors	A P Holland
	S A Fyfe
	C W Barlow
	C Charlesworth

Registered office	Mowpen Brow
	High Legh
	Knutsford
	Cheshire
	United Kingdom
	WA16 6PB

Auditor	Champion Accountants LLP, Statutory Auditor
	Chartered Accountants
	1 Worsley Court
	High Street
	Worsley
	Manchester
	M28 3NJ

Road Maintenance Services (Preservations) Limited

Directors' Report

Year ended 31 December 2024

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

Directors

The directors who served the company during the year were as follows:

A P Holland
S A Fyfe
C W Barlow
C Charlesworth

Directors' responsibilities statement

The directors are responsible for preparing the directors' 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 company and the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments 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 directors are 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 them to ensure that the financial statements comply with the Companies Act 2006. They are 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.

Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information. Champion were appointed auditors to the company and in accordance with Section 385 of the Companies Act 2006, a resolution proposing their reappointment will be put to the Annual General Meeting.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 18 September 2025 and signed on behalf of the board by:

S A Fyfe

Director

Road Maintenance Services (Preservations) Limited

Independent Auditor's Report to the Member of Road Maintenance Services (Preservations) Limited

Year ended 31 December 2024

Opinion

We have audited the financial statements of Road Maintenance Services (Preservations) Limited (the 'company') for the year ended 31 December 2024 which comprise the statement of income and retained earnings, statement of financial position and the related notes, 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 FRS 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; - 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 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 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 auditors' 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 the audit:

- the information given in the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the directors' report has 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 directors' report. 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, 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 directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit; or - the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the directors' report and from the requirement to prepare a strategic report.

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, 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 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 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. As part of our planning process: - We enquired of management the systems and controls the company has in place, the areas of the financial statements that are mostly susceptible to the risk of irregularities and fraud, and whether there was any known, suspected or alleged fraud. The company did not inform us of any known, suspected or alleged fraud. - We obtained an understanding of the legal and regulatory frameworks applicable to the company. We determined that the following were most relevant: FRS 102 and Companies Act 2006. - We considered the incentives and opportunities that exist in the company, including the extent of management bias, which present a potential for irregularities and fraud to be perpetuated, and tailored our risk assessment accordingly. - Using our knowledge of the company, together with the discussions held with the company at the planning stage, we formed a conclusion on the risk of misstatement due to irregularities including fraud and tailored our procedures according to this risk assessment. The key procedures we undertook to detect irregularities including fraud during the course of the audit included: - Identifying and testing journal entries and the overall accounting records, in particular those that were significant and unusual. - Reviewing the financial statement disclosures and determining whether accounting policies have been appropriately applied. - Reviewing and challenging the assumptions and judgements used by management in their significant accounting estimates, in particular in relation to stock valuation & cut-off. - Assessing the extent of compliance, or lack of, with the relevant laws and regulations. - Testing key revenue lines, in particular cut-off, for evidence of management bias. - Performing a physical verification of key assets including stocktake attendance. - Obtaining third-party confirmation of material bank balances. - Documenting and verifying all significant related party balances and transactions. There are inherent limitations in the audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. The risk of not detecting a material misstatement resulting from fraud is higher than one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. 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.

Use of our report

This report is made solely to the company's member, 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 member 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 company and the company's member as a body, for our audit work, for this report, or for the opinions we have formed.

Gary Woodall FCCA

(Senior Statutory Auditor)

For and on behalf of

Champion Accountants LLP, Statutory Auditor

Chartered Accountants

1 Worsley Court

High Street

Worsley

Manchester

M28 3NJ

18 September 2025

Road Maintenance Services (Preservations) Limited

Statement of Income and Retained Earnings

Year ended 31 December 2024

	2024	2023
Note	£	£
Turnover	2,153,824	1,846,658

Cost of sales	1,632,891	1,393,364
	------------	------------
Gross profit	520,933	453,294

Administrative expenses	110,961	88,759
	---------	---------
Operating profit	409,972	364,535

Other interest receivable and similar income	6	25,315	27,590
Interest payable and similar expenses	7	–	1,284
		---------	---------
Profit before taxation		435,287	390,841

Tax on profit	110,961	93,204
	---------	---------
Profit for the financial year and total comprehensive income	324,326	297,637
	---------	---------

Dividends paid and payable	–	( 1,000,000)

Retained earnings at the start of the year	1,615,445	2,317,808
	------------	------------
Retained earnings at the end of the year	1,939,771	1,615,445
	------------	------------

All the activities of the company are from continuing operations.

Road Maintenance Services (Preservations) Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Current assets

Stocks		58,686	97,916
Debtors	8	2,027,906	271,975
Cash at bank and in hand		359,621	3,093,506
		------------	------------
		2,446,213	3,463,397

Creditors: amounts falling due within one year	9	506,425	1,847,971
		------------	------------
Net current assets		1,939,788	1,615,426
		------------	------------
Total assets less current liabilities		1,939,788	1,615,426

Provisions

Deferred taxation	( 83)	( 119)
	------------	------------
Net assets	1,939,871	1,615,545
	------------	------------

Capital and reserves

Called up share capital	100	100
Profit and loss account	1,939,771	1,615,445
	------------	------------
Shareholder funds	1,939,871	1,615,545
	------------	------------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements were approved by the board of directors and authorised for issue on 18 September 2025 , and are signed on behalf of the board by:

S A Fyfe

Director

Company registration number: 11328432

Road Maintenance Services (Preservations) Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Mowpen Brow, High Legh, Knutsford, Cheshire, WA16 6PB, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102, "The Financial Reporting Standard applicable in the UK and the Republic of Ireland", including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. Accounting policies

Basis of preparation

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 entity. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to 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.

Judgements and key sources of estimation uncertainty

In preparing these financial statements, the directors have made significant judgements in estimating the remedial provision required for ongoing and completed contracts. This provision is calculated by management for each contract based on their assessment of the total area, measured in square metres, that is expected to require remedial work. The estimated cost per square metre for such treatment is then applied to determine the total estimated remedial cost. This assessment involves a detailed review of the contracts, considering historical experience, current project conditions, and any specific contractual obligations. Given the inherent uncertainties in estimating the extent of remedial work and the associated costs, the actual outcomes may differ from these estimates. The remedial provision is reviewed regularly and adjusted where necessary to reflect the most current information available. The remedial provision at 31 December 2024 was £391,469.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. Revenue from a contract to provide services is recognised by reference to the stage of completion of the contract. The stage of completion of the contract is determined by reference to the square metres worked as a proportion of total contract meterage to be worked at the reporting date. Interest income is recognised when it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding and the effective interest rate applicable.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Pension plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Auditor's remuneration

	2024	2023
	£	£
Fees payable for the audit of the financial statements	3,000	3,000
	-------	-------

5. Employee numbers

The average number of persons employed by the company during the year amounted to 7 (2023: 8 ).

6. Other interest receivable and similar income

	2024	2023
	£	£
Interest on cash and cash equivalents	25,315	27,590
	--------	--------

7. Interest payable and similar expenses

	2024	2023
	£	£
Other interest payable and similar charges	–	1,284
	----	-------

8. Debtors

	2024	2023
	£	£
Trade debtors	5,868	63,552
Amounts owed by group undertakings	2,022,038	208,423
	------------	---------
	2,027,906	271,975
	------------	---------

9. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	13,815	30,923
Amounts owed to group undertakings	–	1,414,900
Corporation tax	80,535	81,097
Social security and other taxes	10,466	15,619
Other creditors	401,609	305,432
	---------	------------
	506,425	1,847,971
	---------	------------

10. Related party transactions

The company has taken advantage of the exemption conferred by FRS 102 section 33 not to disclose transactions and amounts due to and from fellow group companies that are wholly owned by the ultimate parent company, Road Maintenance Services (Holdings) Limited.

11. Controlling party

The directors consider Road Maintenance Services (Holdings) Limited , a company incorporated in England and Wales, to be the company's parent and ultimate parent undertaking. The parent company operates from the same registered office address as this company.