REGISTERED NUMBER: 01057078 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

DAWSON CONSTRUCTION PLANT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D A Brown

T J Cliff

REGISTERED OFFICE:

2 Chesney Wold

Bleak Hall

Milton Keynes

Buckinghamshire

MK6 1NE

REGISTERED NUMBER:

01057078 (England and Wales)

AUDITORS:

TC Group

1 Rushmills

Bedford Road

Northampton

Northamptonshire

NN4 7YB

FIXED ASSETS

Tangible assets

4

7,266,533

5,951,989

Investments

5

14,304

14,304

7,280,837

5,966,293

CURRENT ASSETS

Stocks

6

4,207,819

4,673,324

Debtors

7

2,754,469

1,950,093

Cash at bank and in hand

69,197

375,880

7,031,485

6,999,297

CREDITORS

Amounts falling due within one year

8

2,083,518

1,284,274

NET CURRENT ASSETS

4,947,967

5,715,023

TOTAL ASSETS LESS CURRENT LIABILITIES

12,228,804

11,681,316

CREDITORS

Amounts falling due after more than one year

9

(2,792,058

)

(2,657,274

)

PROVISIONS FOR LIABILITIES

12

(855,732

)

(560,378

)

NET ASSETS

8,581,014

8,463,664

CAPITAL AND RESERVES

Called up share capital

13

99,160

104,660

Share premium

191,393

218,343

Retained earnings

8,290,461

8,140,661

SHAREHOLDERS' FUNDS

8,581,014

8,463,664

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2025 and were signed on its behalf by:

D A Brown - Director

1.	STATUTORY INFORMATION

Dawson Construction Plant 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 the provisions of Section 1A "Smaller Entities" of Financial Reporting Standard FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Companies Act 2006.

There were no material departures that standard.

Functional and presentational currency

The Company's functional and presentational currency is GBP.

Going concern

As at the point of authorising the accounts, and for the foreseeable future, the directors consider the going concern assumption to still be appropriate. The directors acknowledge that given the rapidly changing business and social environment, there are likely to be significant unknown factors which may present themselves. Such factors are considered by the directors to represent a general inherent level of risk in relation to the going concern assumption albeit not quantifiable at this time.

Significant judgements and estimates

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

Fixed asset's residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. This is based on the directors knowledge of the business and industry. The effect of any change is accounted for prospectively.

The company supplies and hires equipment which is subject to changing customer demands and technological change. As a result it is necessary to consider the recoverability of the cost of stock and the associated provisioning required. Management consider the nature and condition of stock, as well as apply assumptions around expected future demand for the stock, when calculating the level stock provisioning.

Turnover

The turnover shown in the profit and loss account represents the value of services rendered during the period. Sales are recognised at the point at which the company has fulfilled its contractual obligations and the risks and rewards have been transferred to the customer.

Rental income from operating leases are in profit or loss on a straight-line basis over the lease term.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated

residual value of each asset over its estimated useful life or, if held under a finance lease, over the

lease term, whichever is the shorter.

Freehold property - Straight line over 3, 5 and 50 years (Land is not depreciated)

Plant and machinery - Straight line over 2 years to 20 years

Fixtures and fittings - 10-33% on cost

Motor vehicles - 20-33% on cost

Computer equipment - 10-33% on cost

Tangible fixed assets are initially recorded at cost and subsequently carried at cost less accumulated depreciation and accumulated impairment losses.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks and work in progress are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Cost is calculated on an average cost basis.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Financial instruments

Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Basic financial liabilities, including trade and other payables, and loans from fellow group companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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 transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2024 - 36 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 May 2024

3,631,939

6,534,748

142,513

Additions

-

2,128,937

747

Disposals

-

(736,304

)

-

At 30 April 2025

3,631,939

7,927,381

143,260

DEPRECIATION

At 1 May 2024

150,655

4,422,448

117,792

Charge for year

48,843

239,462

16,232

Eliminated on disposal

-

(321,454

)

-

At 30 April 2025

199,498

4,340,456

134,024

NET BOOK VALUE

At 30 April 2025

3,432,441

3,586,925

9,236

At 30 April 2024

3,481,284

2,112,300

24,721

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 May 2024

364,806

453,958

11,127,964

Additions

-

-

2,129,684

Disposals

-

-

(736,304

)

At 30 April 2025

364,806

453,958

12,521,344

DEPRECIATION

At 1 May 2024

220,893

264,187

5,175,975

Charge for year

42,511

53,242

400,290

Eliminated on disposal

-

-

(321,454

)

At 30 April 2025

263,404

317,429

5,254,811

NET BOOK VALUE

At 30 April 2025

101,402

136,529

7,266,533

At 30 April 2024

143,913

189,771

5,951,989

Included in cost of land and buildings is freehold land of £ 2,692,144 (2024 - £ 2,692,144 ) which is not depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 May 2024

764,319

43,575

223,240

1,031,134

Additions

642,347

-

-

642,347

Transfer to ownership

-

-

(30,942

)

(30,942

)

At 30 April 2025

1,406,666

43,575

192,298

1,642,539

DEPRECIATION

At 1 May 2024

363,787

21,714

133,780

519,281

Charge for year

80,086

14,525

32,872

127,483

Transfer to ownership

-

-

(27,848

)

(27,848

)

At 30 April 2025

443,873

36,239

138,804

618,916

NET BOOK VALUE

At 30 April 2025

962,793

7,336

53,494

1,023,623

At 30 April 2024

400,532

21,861

89,460

511,853

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 May 2024

and 30 April 2025

14,304

NET BOOK VALUE

At 30 April 2025

14,304

At 30 April 2024

14,304

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Dawson Contract Piling Limited

Registered office: 2 Chesney Wold, Bleak Hill, Milton Keynes, MK6 1NE

Nature of business: Provision of subcontract piling services

%

Class of shares:

holding

Ordinary

100.00

Dawson Construction Plant Inc

Registered office: 4650 NE Birmingham Road, Kansas City, Missouri, 64117, USA

Nature of business: Sale of piling equipment

%

Class of shares:

holding

Ordinary

100.00

6.

STOCKS

2025

2024

£

£

Raw materials

2,189,098

2,655,326

Work-in-progress

1,116,952

1,248,080

Finished goods

901,769

769,918

4,207,819

4,673,324

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,461,303

1,028,703

Amounts owed by group undertakings

693,401

696,159

Other debtors

86,077

122,480

Corporation tax

49,786

-

Deferred tax asset

218,698

-

VAT

37,853

12,042

Prepayments and accrued income

207,351

90,709

2,754,469

1,950,093

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

333,698

90,446

Hire purchase contracts (see note 10)

282,876

207,731

Trade creditors

911,386

373,786

Corporation tax

-

44,682

Social security and other taxes

44,259

37,072

Other creditors

68,011

144,494

Accruals and deferred income

443,288

386,063

2,083,518

1,284,274

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

96,396

93,374

Bank loans - 2-5 years

308,318

298,651

Bank loans more 5 yr by instal

1,514,227

1,620,514

Hire purchase contracts (see note 10)

873,117

644,735

2,792,058

2,657,274

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,514,227

1,620,514

10.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025

2024

£

£

Net obligations repayable:

Within one year

282,876

207,731

Between one and five years

873,117

644,735

1,155,993

852,466

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdraft

20,104

-

Bank loans

2,232,535

2,102,985

Hire purchase contracts

1,155,993

852,466

3,408,632

2,955,451

The bank loan is secured against the freehold property of the company.

Hire purchase contracts are secured against the assets to which they relate.

12.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

855,732

560,378

Deferred

tax

£

Balance at 1 May 2024

560,378

Charge to Income Statement during year

295,354

Balance at 30 April 2025

855,732

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

71,483

Ordinary

1

71,483

71,483

32,927

B Ordinary

1

27,427

32,927

250

Non-Voting Ordinary C

1

250

250

99,160

104,660

The ordinary B shares are non voting, give no rights to the company's assets on winding up, are repayable on a sale of shares by the controlling shareholder and can be bought back at any time at the discretion of the company.

During the year 5,500 (2024: 32,159) ordinary B shares were repurchased for consideration of £32,450 (2024: £189,738).

14.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Rebecca Pickard FCCA (Senior Statutory Auditor)

for and on behalf of TC Group

15.	CONTINGENT LIABILITIES

A composite company unlimited multilateral guarantee has been given to HSBC by Dawson Construction Plant Limited and by Dawson Contract Piling Limited to secure all liabilities of each other.

16.	CAPITAL COMMITMENTS

2025

2024

£

£

Contracted but not provided for in the

financial statements

-

9,990

17.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

18.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D A Brown.