Concast Precast UK Limited iXBRL

Concast Precast UK Limited

Annual Report and Financial Statements

for the financial year ended 31 December 2024

Concast Precast UK Limited

DIRECTORS AND OTHER INFORMATION


Directors	Caroline Quinn
	Bernard Quinn


Company Secretary	Bernard Quinn


Company Registration Number	13059625


Registered Office and Business Address	Repton House
	Bretby Business Park
	Ashy Road, Burton On Trent
	DE15 0YZ
	United Kingdom


Independent Auditors	MGI Ryan Limited
	Chartered Accountants and Statutory Auditors
	5 Clarinda Park North
	Dun Laoghaire
	Co Dublin


Bankers	Bank Of Ireland
	Ranelagh
	Dublin 6

Concast Precast UK Limited

DIRECTORS' REPORT

for the financial year ended 31 December 2024

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

Principal Activity

The principal activity of the company is the supply and installation of concast precast products.

Directors

The directors who served during the financial year are as follows:

Caroline Quinn

Bernard Quinn

There were no changes in shareholdings between 31 December 2024 and the date of signing the financial statements.

In accordance with the Constitution, the directors are not required to retire by rotation.

Political Contributions

The company did not make any disclosable political donations in the current financial year.

Statement of Directors' Responsibilities

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) including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”. 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 of 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 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 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.

Disclosure of Information to Auditor
Each persons who are directors at the date of approval of this report confirms that:
In so far as the directors are aware:
-there is no relevant audit information (information needed by the company's auditor in connection with preparing the auditor's report) of which the company's auditor is unaware, and
-the directors have taken all the steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.

Auditors

MGI Ryan Limited, (Chartered Accountants), were appointed auditors by the directors to fill the casual vacancy and they have expressed their willingness to continue in office in accordance with the provisions of Section 485 of the Companies Act 2006.

Special provisions relating to small companies

The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

On behalf of the board

Caroline Quinn

Bernard Quinn

Director

9 September 2025

INDEPENDENT AUDITOR'S REPORT

to the Shareholders of Concast Precast UK Limited

Report on the audit of the financial statements

Opinion

We have audited the financial statements of Concast Precast UK Limited ('the company') for the financial year ended 31 December 2024 which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Cash Flows and the related notes to the financial statements, including significant accounting policies set out in note . 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 financial 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 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 the date 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.

Opinion 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 our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified any material misstatements in the Directors' Report.

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

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' exemption in preparing the Directors' Report.

Responsibilities of directors for the financial statements

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 they 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 has 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

A further description of our responsibilities for the audit of the financial statements is contained in the appendix to this report, located at page , which is to be read as an integral part of our report.

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 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 members as a body, for our audit work, for this report, or for the opinions we have formed.

Derek Ryan (Senior Statutory Auditor)

for and on behalf of

MGI RYAN LIMITED

Chartered Accountants and Statutory Auditors

5 Clarinda Park North

Dun Laoghaire

Co Dublin

9 September 2025

Concast Precast UK Limited

APPENDIX TO THE INDEPENDENT AUDITOR'S REPORT

Further information regarding the scope of our responsibilities as auditor

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.

Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Auditor's Report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditor's Report. However, future events or conditions may cause the company to cease to continue as a going concern.

Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Concast Precast UK Limited

PROFIT AND LOSS ACCOUNT

for the financial year ended 31 December 2024

	2024	2023
Notes	£	£

Turnover		10,186,709	15,748,619

Raw materials and consumables		(5,132,097)	(8,599,936)
Other external expenses		(1,373,858)	(3,046,601)
Staff costs		(340,648)	(280,267)
Depreciation on fixed assets		(6,799)	-
Other operating expenses		(3,116,401)	(3,488,079)
		─────────	─────────

Profit before taxation		216,906	333,736

Tax on profit	4	(54,396)	(78,497)
		─────────	─────────
Profit for the financial year		162,510	255,239
		─────────	─────────
Total comprehensive income		162,510	255,239
		═════════	═════════

Concast Precast UK Limited

Company Registration Number: 13059625

BALANCE SHEET

as at 31 December 2024

		2024	2023
	Notes	£	£

Fixed Assets

Tangible assets

27,196

─────────

Current Assets

Debtors

1,705,060

892,793

Cash and cash equivalents

338,553

174,342

─────────

2,043,613

1,067,135

─────────

Creditors: amounts falling due within one year

(1,579,038)

(737,874)

─────────

Net Current Assets

464,575

329,261

─────────

Total Assets less Current Liabilities

491,771

329,261

═════════

Capital and Reserves

Called up share capital

100

100

Retained earnings

491,671

329,161

─────────

Equity attributable to owners of the company

491,771

329,261

═════════

These financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

Approved by the Board and authorised for issue on 9 September 2025 and signed on its behalf by



Caroline Quinn			Bernard Quinn
Director			Director

Concast Precast UK Limited

STATEMENT OF CASH FLOWS

for the financial year ended 31 December 2024

	2024	2023
Notes	£	£

Cash flows from operating activities

Profit for the financial year

162,510

255,239

Adjustments for:

Tax on profit on ordinary activities

54,396

78,497

Depreciation

6,799

─────────

223,705

333,736

Movements in working capital:

Movement in debtors

(812,267)

726,552

Movement in creditors

865,244

(1,924,250)

─────────

Cash generated from/(used in) operations

276,682

(863,962)

Tax paid

(78,476)

(17,361)

─────────

Net cash generated from/(used in) operating activities

198,206

(881,323)

─────────

Cash flows from investing activities

Payments to acquire tangible assets		(33,995)	-
		─────────	─────────

Net increase/(decrease) in cash and cash equivalents		164,211	(881,323)
Cash and cash equivalents at beginning of financial year		174,342	1,055,665
		─────────	─────────
Cash and cash equivalents at end of financial year	7	338,553	174,342
		═════════	═════════

Concast Precast UK Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 December 2024

General Information

Concast Precast UK Limited is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 13059625. The registered office of the company is Repton House, Bretby Business Park, Ashy Road, Burton On Trent, DE15 0YZ, United Kingdom which is also the principal place of business of the company. The principal activity of the company is the supply and installation of concast precast products. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 December 2024 have been prepared in accordance with the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland (FRS 102) issued by the Financial Reporting Council and in accordance with the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Tangible assets and depreciation

Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:

Motor vehicles

25% Straight line

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Trade and other debtors

Trade and other debtors are recognised initially at transaction price (including transaction costs) unless a financing arrangement exists in which case they are measured at the present value of future receipts discounted at a market rate. Subsequently these are measured at amortised cost less any provision for impairment. A provision for impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of receivables. The amount of the provision is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the effective interest rate. All movements in the level of the provision required are recognised in the profit and loss.

Trade and other creditors

Trade and other creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Employees

The average monthly number of employees, including directors, during the financial year was 6, (2023 - 6).

2024

2023

Number

Number

Administration

═════════

Tax on profit

2024

2023

(a) Analysis of charge in the financial year

Current tax:

Corporation tax at 25.00% (2023 - 25.00%) (Note 4 (b))

54,396

78,497

═════════

(b) Factors affecting tax charge for the financial year

The tax assessed for the financial year differs from the standard rate of corporation tax in the United Kingdom 25.00% (2023 - 25.00%). The differences are explained below:

2024

2023

Profit taxable at 25.00%

216,906

333,736

═════════

Profit before tax

multiplied by the standard rate of corporation tax

in the United Kingdom at 25.00% (2023 - 25.00%)

54,227

83,434

Effects of:

Depreciation in excess of capital allowances for period

169

Profits Liable at lower CT Rate

(4,937)

─────────

Total tax charge for the financial year (Note 4 (a))

54,396

78,497

═════════


5.	Tangible assets
		Motor	Total
		vehicles

		£	£
	Cost
	At 1 January 2024	-	-
	Additions	33,995	33,995
		─────────	─────────
	At 31 December 2024	33,995	33,995
		─────────	─────────
	Depreciation
	At 1 January 2024	-	-
	Charge for the financial year	6,799	6,799
		─────────	─────────
	At 31 December 2024	6,799	6,799
		─────────	─────────
	Net book value
	At 31 December 2024	27,196	27,196
		═════════	═════════


6.	Debtors	2024	2023
		£	£

	Trade debtors	1,033,707	490,053
	Taxation (Note 9)	24,830	6,485
	Prepayments and accrued income	646,523	396,255
		─────────	─────────
		1,705,060	892,793
		═════════	═════════


7.	Cash and cash equivalents	2024	2023
		£	£

	Cash and bank balances	338,553	174,342
		═════════	═════════

Creditors

2024

2023

Amounts falling due within one year

Trade creditors

132,237

181,035

Amounts owed to group undertakings

986,927

74,127

Taxation (Note 9)

65,543

88,006

Accruals and deferred income:

Pension accrual

1,078

1,069

Other accruals

393,253

393,637

─────────

1,579,038

737,874

═════════

Amounts due to group companies are unsecured, non interest bearing and are repayable on demand.


9.	Taxation	2024	2023
		£	£

	Debtors:
	VAT	24,830	6,485
		═════════	═════════
	Creditors:
	Corporation tax	54,396	78,476
	PAYE / NI	11,147	9,530
		─────────	─────────
		65,543	88,006
		═════════	═════════

10.

Capital commitments

The company had no material capital commitments at the financial year-ended 31 December 2024.

11.

Related party transactions

The company has availed of the exemption under FRS 102 in relation to the disclosure of transactions with group undertakings.

12.

Post-Balance Sheet Events

There have been no significant events affecting the company since the financial year-end.