Complete Moling Services Holdings Limited Group accounts (Group and Company)

COMPANY REGISTRATION NUMBER: 12392485

Complete Moling Services Holdings Limited

Financial Statements

31 January 2025

Complete Moling Services Holdings Limited

Financial Statements

Year ended 31 January 2025

Contents	Page

Strategic report	1

Directors' report	3

Independent auditor's report to the members	5

Consolidated statement of income and retained earnings	9

Company statement of income and retained earnings	10

Consolidated statement of financial position	11

Company statement of financial position	12

Consolidated statement of cash flows	13

Notes to the financial statements	14

Complete Moling Services Holdings Limited

Strategic Report

Year ended 31 January 2025

The directors present their strategic report for the year ended 31 January 2025. The directors are pleased to announce the overall profit before tax for the year of £2,037,728 (2024: £3,391,440). The financial key performance indicators for the year are as follows:

	2025	2024
	£	£
Turnover	21,595,045	22,606,312
Gross profit	3,578,298	4,738,611
Gross profit margin %	17	21
Net profit margin (before tax) %	10	15

Turnover has slightly decreased in the year and the group has seen a decreased level of profitability. The group remains in a strong financial position at the balance sheet date, with net assets increasing to £4.46m (2024: £3.55m). Principle risks and uncertainties The principal activity of the group during the current and previous year was civil engineering. The business is subject to a number of risks which are monitored by the Board. The principle risk facing the company remains the availability of future contracts and the ability to maintain sufficient working capital. There is also a liquidity risk which could be adversely affected by late payment of trade debts. To mitigate the risks the Board regularly monitors the cash position and production requirements. The group's finances are supervised at Board level. Its financial instruments other than derivatives comprise cash, trade debtors, trade creditors, hire purchase and finance leases which arise from it's trade. The group depends on key personnel and staff and, to mitigate the risks of retention issues, the group provides training and reward schemes. The group operates in a competitive market and the Board actively seeks new business, maintains good customer relations and continues to ensure high standards of work for customers to enable the group to succeed within the sector. It is the policy of the Board to settle trade and other debts within the terms agreed. Taking into account the above risks collectively and the options available to mitigate them, the directors are satisfied that there are no material foreseeable risks to the business that haven't been assessed or disclosed. The directors continue to take action to mitigate the impact of the disruption. Financial Risk Management and Policies The group has considered the risks of credit, interest, cash flow and pricing and their potential impact on the business. The directors of the group believe that the appropriate controls and procedures are in place to manage these risks so they do not have a significant impact on the business. Future Developments In the financial year ending 2025, the group has demonstrated solid performance, achieving a turnover of over £20 million. Despite facing challenging industry conditions, the group has continued to provide reliable services to its customers, backed by the team's dedication and commitment to operational excellence. Looking forward, the group are forecasting growth as it invests in expanding the service capacity and continues to enhance customer service standards. A core aspect of this strategy is the focus on maintaining and developing the workforce. The group recognises that its staff are central to its success and remain committed to retaining the skilled staff while investing in training and development programs that empower them to deliver high-quality service. Additionally, the group have taken steps to develop the head office facilities to support the growing team and improve operational efficiency including wellbeing facilities to support both physical and mental health. These upgrades aim to create an environment that supports collaboration, innovation, and sustainability, aligning with the long-term business objectives, whilst also contributing towards our net zero target. During the next financial period, the directors are confident that the growth-oriented initiatives and dedication to the staff and infrastructure will continue to strengthen the business. Assessment of conflict in Ukraine The directors have considered the ongoing impact of the events in Ukraine with reference to how this may disrupt their business model, strategy and operations. It is noted that the group has no dealings with either Ukraine or any nation or individual currently experiencing sanctions as a result of the events in Ukraine. The directors have liaised with suppliers and customers and similarly they have no dealings that will impact the group's supply chain, recoverability of debt and credit. It is clear that there is a worldwide impact on the cost of particular goods, to include fuel, which in turn has increased the base costs of consumables in the business. The directors have calculated the effect and believe that his will not significantly impact the ability to trade or going concern.

This report was approved by the board of directors on 30 October 2025 and signed on behalf of the board by:

Mr A C Thompson	Mr C Thompson
Director	Director

Registered office:

Fenn Corner

St Mary Hoo

Rochester

Kent

United Kingdom

ME3 8RF

Complete Moling Services Holdings Limited

Directors' Report

Year ended 31 January 2025

The directors present their report and the financial statements of the group for the year ended 31 January 2025 .

Directors

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

Mr A C Thompson
Mr C Thompson

Dividends

Particulars of recommended dividends are detailed in note 12 to the financial statements.

Disclosure of information in the strategic report

The directors have prepared a Strategic Report in accordance with section 414C(11) of the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013, which includes their review of the business, risks and uncertainties and management thereof.

Directors' responsibilities statement

The directors are responsible for preparing the strategic report, 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 group and the company and the profit or loss of the group for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make 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 group and 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 group and the company's auditor is aware of that information.

This report was approved by the board of directors on 30 October 2025 and signed on behalf of the board by:

Mr A C Thompson	Mr C Thompson
Director	Director

Registered office:

Fenn Corner

St Mary Hoo

Rochester

Kent

United Kingdom

ME3 8RF

Complete Moling Services Holdings Limited

Independent Auditor's Report to the Members of Complete Moling Services Holdings Limited

Year ended 31 January 2025

Opinion

We have audited the financial statements of Complete Moling Services Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 January 2025 which comprise the consolidated statement of income and retained earnings, company statement of income and retained earnings, consolidated statement of financial position, company statement of financial position, consolidated statement of cash flows 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 group's and of the parent company's affairs as at 31 January 2025 and of the group's 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 group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

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

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

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

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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 directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

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

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or - the parent company financial statements are not in agreement with the accounting records and returns; or - certain disclosures of directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' 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 group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 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: We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion. In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we have considered; the nature of the industry, control environment and business performance with particular reference to the Company's remuneration policies, key drivers for directors' remuneration, bonus levels and performance targets. We also consider the results of our enquiries of management and the Audit Committee, relating to their own identification and assessment of the risks of irregularities and possible related fraud. This includes reviewing available documentation on their policies and procedures and performing tests of controls to evidence their effectiveness. Throughout the audit testing we are considering the incentives that may exist within the organisation for fraud. Key areas include timing of recognising income around the year end, posting of unusual journals and manipulating the Company's performance measures to meet remuneration targets and bank covenants. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. We ensure we have an understanding of the relevant laws and regulations and remain alert to possible non-compliance throughout the audit. Despite proper planning and audit work in accordance with auditing standards there are inherent limitations and unavoidable risk that we may not detect some irregularities and material misstatements in the financial statements. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations. As part of an audit in accordance with ISAs (UK), we exercise professional judgment 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 group'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 group's or the parent 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 group or the parent 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. - Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion. 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. 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.

Alexander Baker

(Senior Statutory Auditor)

For and on behalf of

Burgess Hodgson Audit Limited

Chartered accountants & statutory auditor

Camburgh House

27 New Dover Road

Canterbury

Kent

CT1 3DN

31 October 2025

Complete Moling Services Holdings Limited

Consolidated Statement of Income and Retained Earnings

Year ended 31 January 2025

		2025	2024
Note		£	£
Turnover	4	21,595,045	22,606,312

Cost of sales	18,016,747	17,867,701
	-------------	-------------
Gross profit	3,578,298	4,738,611

Administrative expenses		1,170,907	982,956
		------------	------------
Operating profit	5	2,407,391	3,755,655

Other interest receivable and similar income	9	12,450	–
Interest payable and similar expenses	10	382,113	364,215
		------------	------------
Profit before taxation		2,037,728	3,391,440

Tax on profit	11	550,619	861,405
		------------	------------
Profit for the financial year and total comprehensive income		1,487,109	2,530,035
		------------	------------

Dividends paid and payable	12	( 580,000)	( 650,000)

Retained earnings at the start of the year	3,549,456	1,669,421
	------------	------------
Retained earnings at the end of the year	4,456,565	3,549,456
	------------	------------

All the activities of the group are from continuing operations.

Complete Moling Services Holdings Limited

Company Statement of Income and Retained Earnings

Year ended 31 January 2025

		2025	2024
Note		£	£
Profit for the financial year and total comprehensive income		1,487,109	2,530,035
Dividends paid and payable	12	( 580,000)	( 650,000)

Retained earnings at the start of the year	2,349,556	469,521
	------------	------------
Retained earnings at the end of the year	3,256,665	2,349,556
	------------	------------

Complete Moling Services Holdings Limited

Consolidated Statement of Financial Position

31 January 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	13	7,676,130	4,679,137

Current assets

Stocks	15	1,418,232	304,322
Debtors	16	3,437,477	4,516,415
Cash at bank and in hand		1,262,193	1,152,177
		------------	------------
		6,117,902	5,972,914

Creditors: amounts falling due within one year	17	5,020,119	3,474,822
		------------	------------
Net current assets		1,097,783	2,498,092
		------------	------------
Total assets less current liabilities		8,773,913	7,177,229

Creditors: amounts falling due after more than one year	18	3,381,833	2,860,398

Provisions	20	935,315	767,175
		------------	------------
Net assets		4,456,765	3,549,656
		------------	------------

Capital and reserves

Called up share capital	25	200	200
Profit and loss account	26	4,456,565	3,549,456
		------------	------------
Shareholders funds		4,456,765	3,549,656
		------------	------------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the medium companies regime.

These financial statements were approved by the board of directors and authorised for issue on 30 October 2025 , and are signed on behalf of the board by:

Mr A C Thompson	Mr C Thompson
Director	Director

Company registration number: 12392485

Complete Moling Services Holdings Limited

Company Statement of Financial Position

31 January 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	13	4,372,043	2,886,959
Investments	14	100	100
		------------	------------
		4,372,143	2,887,059

Current assets

Debtors	16	3,454,315	2,228,272
Cash at bank and in hand		88,881	142,711
		------------	------------
		3,543,196	2,370,983

Creditors: amounts falling due within one year	17	1,470,532	709,257
		------------	------------
Net current assets		2,072,664	1,661,726
		------------	------------
Total assets less current liabilities		6,444,807	4,548,785

Creditors: amounts falling due after more than one year	18	2,595,035	1,838,238

Provisions	20	592,907	360,791
		------------	------------
Net assets		3,256,865	2,349,756
		------------	------------

Capital and reserves

Called up share capital	25	200	200
Profit and loss account	26	3,256,665	2,349,556
		------------	------------
Shareholders funds		3,256,865	2,349,756
		------------	------------

The profit for the financial year of the parent company was £ 1,487,109 (2024: £ 2,530,035 ).

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the medium companies regime.

These financial statements were approved by the board of directors and authorised for issue on 30 October 2025 , and are signed on behalf of the board by:

Mr A C Thompson	Mr C Thompson
Director	Director

Company registration number: 12392485

Complete Moling Services Holdings Limited

Consolidated Statement of Cash Flows

Year ended 31 January 2025

	2025	2024
	£	£

Cash flows from operating activities

Profit for the financial year	1,487,109	2,530,035

Adjustments for:
Depreciation of tangible assets	1,016,735	753,846
Other interest receivable and similar income	( 12,450)	–
Interest payable and similar expenses	382,113	364,215
Loss on disposal of tangible assets	1,649	9,097
Tax on profit	550,619	861,405
Accrued (income)/expenses	( 271,809)	155,621

Changes in:
Stocks	( 1,113,910)	( 162,502)
Trade and other debtors	1,078,938	( 1,790,214)
Trade and other creditors	867,141	266,756
	------------	------------
Cash generated from operations	3,986,135	2,988,259

Interest paid	( 382,113)	( 364,215)
Interest received	12,450	–
Tax paid	( 100,000)	–
	------------	------------
Net cash from operating activities	3,516,472	2,624,044
	------------	------------

Cash flows from investing activities

Purchase of tangible assets	( 1,929,625)	( 484,675)
Proceeds from sale of tangible assets	1,098,500	1,032,704
	------------	------------
Net cash (used in)/from investing activities	( 831,125)	548,029
	------------	------------

Cash flows from financing activities

Proceeds from borrowings	–	332,535
Repayments of borrowings	( 243,624)	( 139,922)
Payments of finance lease liabilities	( 1,751,707)	( 1,840,792)
Dividends paid	( 580,000)	( 650,000)
	------------	------------
Net cash used in financing activities	( 2,575,331)	( 2,298,179)
	------------	------------

Net increase in cash and cash equivalents	110,016	873,894
Cash and cash equivalents at beginning of year	1,152,177	278,283
	------------	------------
Cash and cash equivalents at end of year	1,262,193	1,152,177
	------------	------------

Complete Moling Services Holdings Limited

Notes to the Financial Statements

Year ended 31 January 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Fenn Corner, St Mary Hoo, Rochester, Kent, ME3 8RF, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. The financial information has been prepared using merger accounting following a reorganisation of the group and the results of the company and its wholly-owned subsidiaries for the period from 1 February 2021 have been consolidated and included in these financial statements. All intragroup transactions, balances, income and expenses have been eliminated.

Disclosure exemptions

The parent company satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following reduced disclosures available under FRS 102: (a) No cash flow statement has been presented for the company.

Consolidation

The financial statements consolidate the financial statements of the Group and all of its subsidiary undertakings. The parent company has applied the exemption contained in section 408 of the Companies Act 2006 and has not included its individual statement of comprehensive income.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements and estimates that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The items in the financial statements where these judgments and estimates have been made are set out below: Key sources of estimation uncertainty i. Amounts recoverable on contracts The amounts recoverable on contracts comprises both the value of work done up to the year end, and any retentions on contract jobs which have been completed. The valuation of work done is based on the outstanding applications for work. Where a contract is assessed as being loss-making, a provision is made for the loss on the job in full. Estimates are included based on anticipated recovery of amounts outstanding. ii. Useful economic life of tangible assets The annual depreciation charge depends on the estimated useful economic lives of the assets in question. These are re-assessed annually and amended where necessary to reflect current best estimates. iii. Deferred tax Deferred tax assets and liabilities are recognised in full when they arise. As the book value of tangible fixed assets is higher than the tax written down value, the majority of the deferred tax balance is generated through the liability recognised on these timing differences.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the period end. Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred. When it is probable that total contract costs will exceed total contract revenue, the expected loss is expensed immediately, with a corresponding provision for an onerous contract being recognised. Where the collectability of an amount already recognised as contract revenue is no longer probable, the uncollectible amount is expensed rather than recognised as an adjustment to the amount of contract revenue. The entity uses the percentage of completion method to determine the amounts to be recognised in the period. The stage of completion is measured by reference to the contract costs incurred up to the end of the reporting period as a percentage of total estimated costs for each contract. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayments. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

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.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	20% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents are represented by the amounts held in the current and deposit bank accounts.

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.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured at amortised cost using the effective interest method.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution 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. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Turnover

Turnover arises from:

	2025	2024
	£	£
Construction contracts	21,595,045	22,606,312
	-------------	-------------

The whole of the turnover is attributable to the principal activity of the group wholly undertaken in the United Kingdom.

5. Operating profit

Operating profit or loss is stated after charging:

	2025	2024
	£	£
Depreciation of tangible assets	1,016,735	753,846
Loss on disposal of tangible assets	1,649	9,097
	------------	---------

6. Auditor's remuneration

	2025	2024
	£	£
Fees payable for the audit of the financial statements	17,250	15,500
	--------	--------

During the year, the group's auditor changed from Burgess Hodgson LLP to Burgess Hodgson Audit Limited following a change in legal structure of the audit firm. The responsible individual remains the same.

7. Staff costs

The average number of persons employed by the group during the year, including the directors, amounted to:

	2025	2024
	No.	No.
Production staff	58	61
Administrative staff	4	4
Management staff	8	8
	----	----
	70	73
	----	----

The aggregate payroll costs incurred during the year, relating to the above, were:

	2025	2024
	£	£
Wages and salaries	3,713,529	3,949,268
Social security costs	433,614	459,219
Other pension costs	76,298	76,246
	------------	------------
	4,223,441	4,484,733
	------------	------------

8. Directors' remuneration

The directors' aggregate remuneration in respect of qualifying services was:

	2025	2024
	£	£
Remuneration	9,450	23,033
Company contributions to defined contribution pension plans	289	289
	-------	--------
	9,739	23,322
	-------	--------

The number of directors who accrued benefits under company pension plans was as follows:

	2025	2024
	No.	No.
Defined contribution plans	2	2
	----	----

9. Other interest receivable and similar income

	2025	2024
	£	£
Interest on loans and receivables	12,450	–
	--------	----

10. Interest payable and similar expenses

	2025	2024
	£	£
Interest on banks loans and overdrafts	70,004	84,671
Interest on obligations under finance leases and hire purchase contracts	312,109	230,613
Other interest payable and similar charges	–	48,931
	---------	---------
	382,113	364,215
	---------	---------

11. Tax on profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense/(income)	374,068	417,659
Adjustments in respect of prior periods	8,411	–
	---------	---------
Total current tax	382,479	417,659
	---------	---------

Deferred tax:

Origination and reversal of timing differences	168,140	443,746
	---------	---------
Tax on profit	550,619	861,405
	---------	---------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is higher than (2024: higher than) the standard rate of corporation tax in the UK of 25 % (2024: 24.03 %).

	2025	2024
	£	£
Profit on ordinary activities before taxation	2,037,728	3,391,440
	------------	------------
Profit on ordinary activities by rate of tax	509,844	814,968
Adjustment to tax charge in respect of prior periods	8,411	–
Effect of expenses not deductible for tax purposes	65,325	77,600
Effect of capital allowances and depreciation	( 201,101)	( 152,759)
Deferred tax adjustments	168,140	443,746
Losses utilised in the period	–	( 298,198)
R&D tax credit	–	( 23,952)
	------------	------------
Tax on profit	550,619	861,405
	------------	------------

12. Dividends

Dividends paid during the year (excluding those for which a liability existed at the end of the prior year):

	2025	2024
	£	£
A Ordinary	290,000	325,000
B Ordinary	290,000	325,000
	---------	---------
	580,000	650,000
	---------	---------

13. Tangible assets

Group	Freehold property	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 February 2024	–	5,674,989	145,306	58,218	5,878,513
Additions	1,451,106	2,854,239	795,614	12,918	5,113,877
Disposals	–	( 1,434,000)	( 68,500)	–	( 1,502,500)
	------------	------------	---------	--------	------------
At 31 January 2025	1,451,106	7,095,228	872,420	71,136	9,489,890
	------------	------------	---------	--------	------------
Depreciation
At 1 February 2024	–	1,126,766	25,246	47,364	1,199,376
Charge for the year	–	838,042	172,603	6,090	1,016,735
Disposals	–	( 392,659)	( 9,692)	–	( 402,351)
	------------	------------	---------	--------	------------
At 31 January 2025	–	1,572,149	188,157	53,454	1,813,760
	------------	------------	---------	--------	------------
Carrying amount
At 31 January 2025	1,451,106	5,523,079	684,263	17,682	7,676,130
	------------	------------	---------	--------	------------
At 31 January 2024	–	4,548,223	120,060	10,854	4,679,137
	------------	------------	---------	--------	------------

Company	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost
At 1 February 2024	3,229,895	–	3,229,895
Additions	2,666,589	185,640	2,852,229
Disposals	( 1,006,000)	–	( 1,006,000)
	------------	---------	------------
At 31 January 2025	4,890,484	185,640	5,076,124
	------------	---------	------------
Depreciation
At 1 February 2024	342,936	–	342,936
Charge for the year	528,652	17,384	546,036
Disposals	( 184,891)	–	( 184,891)
	------------	---------	------------
At 31 January 2025	686,697	17,384	704,081
	------------	---------	------------
Carrying amount
At 31 January 2025	4,203,787	168,256	4,372,043
	------------	---------	------------
At 31 January 2024	2,886,959	–	2,886,959
	------------	---------	------------

The total net book value of tangible fixed assets of £7,676,130 (2024: £4,679,137) is secured by Lloyds Bank plc under a fixed and floating charge.

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

Group	Plant and machinery	Motor vehicles	Total
	£	£	£
At 31 January 2025	4,900,476	681,187	5,581,663
	------------	---------	------------
At 31 January 2024	3,964,847	54,595	4,019,442
	------------	---------	------------

Company	Plant and machinery	Motor vehicles	Total
	£	£	£
At 31 January 2025	4,165,131	168,256	4,333,387
	------------	---------	------------
At 31 January 2024	2,886,960	–	2,886,960
	------------	---------	------------

14. Investments

The group has no investments.

Company	Shares in group undertakings
	£
Cost
At 1 February 2024 and 31 January 2025	100
	----
Impairment
At 1 February 2024 and 31 January 2025	–
	----

Carrying amount
At 1 February 2024 and 31 January 2025	100
	----
At 31 January 2024	100
	----

Subsidiaries, associates and other investments

Details of the investments in which the parent company has an interest of 20% or more are as follows:

	Registered office	Class of share	Percentage of shares held
Subsidiary undertakings
Complete Moling Services (South East) Limited	Fenn Corner, St Mary Hoo, Rochester, Kent, United Kingdom, ME3 8RF	Ordinary	100

15. Stocks

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Raw materials and consumables	287,267	304,322	–	–
Land held for resale	1,130,965	–	–	–
	------------	---------	----	----
	1,418,232	304,322	–	–
	------------	---------	----	----

16. Debtors

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Trade debtors	34,993	12,588	–	–
Amounts owed by group undertakings	–	–	1,979,819	1,508,292
Prepayments and accrued income	114,832	111,217	846,000	–
Directors loan account	481,472	719,980	481,472	719,980
Amounts recoverable on contracts	2,596,123	3,584,289	–	–
Other debtors	210,057	88,341	147,024	–
	------------	------------	------------	------------
	3,437,477	4,516,415	3,454,315	2,228,272
	------------	------------	------------	------------

The debtors above include the following amounts falling due after more than one year:

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Amounts recoverable on contracts	727,420	534,416	–	–
	---------	---------	----	----

These amounts due after more than one year represent retentions held by customers.

17. Creditors: amounts falling due within one year

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Bank loans and overdrafts	134,340	243,624	–	–
Trade creditors	1,967,591	1,139,405	18,760	4,027
Accruals and deferred income	306,506	578,315	6,500	29,376
Corporation tax	700,138	417,659	187,027	–
Social security and other taxes	137,066	117,519	–	73,837
Obligations under finance leases and hire purchase contracts	1,665,646	888,876	1,258,245	602,017
Other creditors	108,832	89,424	–	–
	------------	------------	------------	---------
	5,020,119	3,474,822	1,470,532	709,257
	------------	------------	------------	---------

Lloyds Bank Plc have a fixed and floating charge over all the property and undertaking of the group which is supported by personal guarantees from the directors. The group's hire purchase and finance leases are secured on the assets to which they relate.

18. Creditors: amounts falling due after more than one year

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Bank loans and overdrafts	236,429	370,769	–	–
Obligations under finance leases and hire purchase contracts	3,145,404	2,489,629	2,595,035	1,838,238
	------------	------------	------------	------------
	3,381,833	2,860,398	2,595,035	1,838,238
	------------	------------	------------	------------

Lloyds Bank Plc have a fixed and floating charge over all the property and undertaking of the group which is supported by personal guarantees from the directors. The group's hire purchase and finance leases are secured on the assets to which they relate.

19. Finance leases and hire purchase contracts

The total future minimum lease payments under finance leases and hire purchase contracts are as follows:

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Not later than 1 year	1,665,646	888,876	1,258,245	602,017
Later than 1 year and not later than 5 years	3,145,404	2,489,629	2,595,035	1,838,238
	------------	------------	------------	------------
	4,811,050	3,378,505	3,853,280	2,440,255
	------------	------------	------------	------------

20. Provisions

Group	Deferred tax (note 21)
	£
At 1 February 2024	767,175
Charge against provision	168,140
	---------
At 31 January 2025	935,315
	---------

Company	Deferred tax (note 21)
	£
At 1 February 2024	360,791
Additions	232,116
	---------
At 31 January 2025	592,907
	---------

21. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Included in provisions (note 20)	935,315	767,175	592,907	360,791
	---------	---------	---------	---------

The deferred tax account consists of the tax effect of timing differences in respect of:

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Accelerated capital allowances	937,815	811,866	1,185,814	360,791
Provisions	( 2,500)	( 44,691)	–	–
	---------	---------	------------	---------
	935,315	767,175	1,185,814	360,791
	---------	---------	------------	---------

22. Employee benefits

Defined contribution plans

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 76,009 (2024: £ 75,957 ).

23. Financial instruments

The carrying amount for each category of financial instrument is as follows:

Financial assets that are debt instruments measured at amortised cost

	Group
	2025	2024
	£	£
Cash and cash equivalents	1,173,312	1,009,412
Trade debtors	34,993	12,588
Amounts recoverable on contracts	2,596,123	3,724,716
	------------	------------
	3,804,428	4,746,716
	------------	------------

Financial liabilities measured at amortised cost

	Group
	2025	2024
	£	£
Bank loan and overdrafts	370,769	585,831
Trade creditors	1,948,831	1,162,225
Hire purchase	957,770	938,249
Accruals	1,146,006	768,913
	------------	------------
	4,423,376	3,455,218
	------------	------------

24. Prior period errors

The cash flow statement for the prior period has been restated to reflect the recognition of assets acquired under finance leases as non-cash transactions. This represents a presentational adjustment only, reclassifying amounts between investing and financing activities. There is no impact on the overall net increase or decrease in cash and cash equivalents for the prior period.

25. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
A Ordinary shares of £ 1 each	100	100	100	100
B Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----
	200	200	200	200
	----	----	----	----

26. Reserves

Profit and loss account - This reserve records retained earnings and accumulated losses.

27. Analysis of changes in net debt

	At 1 Feb 2024	Cash flows	At 31 Jan 2025
	£	£	£
Cash at bank and in hand	1,152,177	110,016	1,262,193
Debt due within one year	(1,132,500)	(667,486)	(1,799,986)
Debt due after one year	(2,860,398)	(521,435)	(3,381,833)
	------------	------------	------------
	( 2,840,721)	( 1,078,905)	( 3,919,626)
	------------	------------	------------

28. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Not later than 1 year	–	35,625	–	–
	----	--------	----	----

The operating lease relate to rent paid to a directors pension scheme, which owns the trading premises of the group.

Complete Moling Services Holdings Limited

Notes to the Financial Statements (continued)

Year ended 31 January 2025

29. Directors' advances, credits and guarantees

During the year, the directors were advanced £517,826 (2024: £719,980) and made repayments of £768,434 (2024: £nil). Interest of £12,103 (2024: £nil) was charged on this joint loan. At the year end, the directors owed the company £481,472 (2024: £719,980).

30. Related party transactions

Group

During the year, the group paid rent of £35,625 (2024: £47,500) to a director’s pension scheme, which owns the group’s trading premises. The group also paid rent of £16,250 for a property owned by a director. Both transactions were conducted on an arm’s length basis.

Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the company. The total compensation paid to key management personnel for services provided to the group was £ 9,739 (2024: £ 23,322 ).

31. Controlling party

No one individual controls the company by virtue of their shareholding.