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REGISTERED NUMBER: 04869855 (England and Wales)

Financial Statements for the Year Ended 28th February 2025

for

DAC Contracting Limited

DAC Contracting Limited (Registered number: 04869855)

Contents of the Financial Statements

for the Year Ended 28th February 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

DAC Contracting Limited

Company Information

for the Year Ended 28th February 2025

| DIRECTORS: | Mr C Peterson BSc

| Mr K Lord BSc

| Mr L B Polding

| Mr G E Randell

| SECRETARY: | Mr C Peterson BSc

| REGISTERED OFFICE: | Ground Floor

| Southway House

| 29 Southway

| Colchester

| Essex

| CO2 7BA

| REGISTERED NUMBER: | 04869855 (England and Wales)

DAC Contracting Limited (Registered number: 04869855)

Balance Sheet

28th February 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 812,210 |  | 719,695 |  |

CURRENT ASSETS

Debtors | 5 | 2,208,736 |  | 1,518,367 |  |

Cash at bank | 1,623,354 |  | 1,843,113 |  |

3,832,090 |  | 3,361,480 |  |

CREDITORS

Amounts falling due within one year | 6 | 2,464,796 |  | 2,145,409 |  |

NET CURRENT ASSETS | 1,367,294 |  | 1,216,071 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,179,504 |  | 1,935,766 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (122,497 | ) | (79,869 | ) |

PROVISIONS FOR LIABILITIES | (197,301 | ) | (171,054 | ) |

NET ASSETS | 1,859,706 |  | 1,684,843 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 100 |  | 100 |  |

Share premium | 43,952 |  | 43,952 |  |

Retained earnings | 1,815,654 |  | 1,640,791 |  |

SHAREHOLDERS' FUNDS | 1,859,706 |  | 1,684,843 |  |

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 18th November 2025 and were signed on its behalf by:

Mr C Peterson BSc - Director

Mr K Lord BSc - Director

DAC Contracting Limited (Registered number: 04869855)

Notes to the Financial Statements

for the Year Ended 28th February 2025

1. | STATUTORY INFORMATION

| DAC Contracting 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

| Monetary amounts in these financial statements are rounded to the nearest whole £1, except where otherwise indicated.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

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

| Turnover

| Turnover consists of income derived from short term contracts. Income is recognised at the time of the delivery of the service, by reference to the value of measured work at agreed cubic metre rates and other associated costs. Invoices raised are net of discounts and value added tax.

| Tangible fixed assets

| Assets are recorded at cost less depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery - 25% on reducing balance

| Office equipment - 25% on reducing balance

| Financial instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

| Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

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

| Basic financial assets

| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

| Basic financial liabilities

| Basic financial liabilities, including creditors, bank loans 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

DAC Contracting Limited (Registered number: 04869855)

Notes to the Financial Statements - continued

for the Year Ended 28th February 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| 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.

| Amounts recoverable on contracts

| Amounts recoverable on contracts are valued on the sales value of uncertified work as at the balance sheet date.

| Retentions

| Retentions are recognised as turnover and a provision is made for those that do not have a reasonable expectation of being recovered (without incurring further costs).

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 41 (2024 - 40 ) .

DAC Contracting Limited (Registered number: 04869855)

Notes to the Financial Statements - continued

for the Year Ended 28th February 2025

4. | TANGIBLE FIXED ASSETS

| Plant and |  | Office |

| machinery |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1st March 2024 | 1,378,198 |  | - |  | 1,378,198 |  |

| Additions | 348,926 |  | 540 |  | 349,466 |  |

| Disposals | (92,999 | ) | - |  | (92,999 | ) |

| At 28th February 2025 | 1,634,125 |  | 540 |  | 1,634,665 |  |

| DEPRECIATION

| At 1st March 2024 | 658,503 |  | - |  | 658,503 |  |

| Charge for year | 233,066 |  | 56 |  | 233,122 |  |

| Eliminated on disposal | (69,170 | ) | - |  | (69,170 | ) |

| At 28th February 2025 | 822,399 |  | 56 |  | 822,455 |  |

| NET BOOK VALUE

| At 28th February 2025 | 811,726 |  | 484 |  | 812,210 |  |

| At 29th February 2024 | 719,695 |  | - |  | 719,695 |  |

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

| Plant and

| machinery

£ |

| COST

| At 1st March 2024 | 555,784 |  |

| Additions | 323,496 |  |

| Transfer to ownership | (161,484 | ) |

| At 28th February 2025 | 717,796 |  |

| DEPRECIATION

| At 1st March 2024 | 233,837 |  |

| Charge for year | 137,566 |  |

| Transfer to ownership | (122,229 | ) |

| At 28th February 2025 | 249,174 |  |

| NET BOOK VALUE

| At 28th February 2025 | 468,622 |  |

| At 29th February 2024 | 321,947 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 1,903,601 |  | 1,343,325 |  |

| Other debtors | 305,135 |  | 175,042 |  |

2,208,736 |  | 1,518,367 |  |

DAC Contracting Limited (Registered number: 04869855)

Notes to the Financial Statements - continued

for the Year Ended 28th February 2025

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 148,592 |  | 139,529 |  |

| Trade creditors | 1,170,651 |  | 1,066,584 |  |

| Amounts owed to group undertakings | 730,437 |  | 593,362 |  |

| Taxation and social security | 312,437 |  | 292,306 |  |

| Other creditors | 102,679 |  | 53,628 |  |

2,464,796 |  | 2,145,409 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 122,497 |  | 79,869 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 271,089 |  | 219,398 |  |

| Secured on fixed assets concerned.

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 26 | Ordinary A | £1 | 26 |  | 26 |  |

| 26 | Ordinary B | £1 | 26 |  | 26 |  |

| 24 | Ordinary C | £1 | 24 |  | 24 |  |

| 24 | Ordinary D | £1 | 24 |  | 24 |  |

100 |  | 100 |  |

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

| The Report of the Auditors was unqualified.

| Jacqueline Frost ACA (Senior Statutory Auditor)

| for and on behalf of TC Group

11. | FINANCIAL GUARANTEES

| The company has provided a guarantee as security for the parent company's bank borrowings. The guarantee is limited to £373,458.

DAC Contracting Limited (Registered number: 04869855)

Notes to the Financial Statements - continued

for the Year Ended 28th February 2025

12. | RELATED PARTY DISCLOSURES

| During the year the company invoiced other companies in the group £1,563,122 (2024: £1,952,091) and was invoiced £30,356 (2024: £41,646). During the year the company was also charged rent of £40,000 (2024: £40,000); management charges of £135,000 (2024: £135,000) and plant hire of £1,120 (2024: £10,500) by companies in the group. At the balance sheet date the company owed other group companies £730,437 (2024: £593,362).

13. | ULTIMATE CONTROLLING PARTY

| The company is a 52% subsidiary of DAC Group Limited, a company incorporated in England and Wales and controlled by the directors of DAC Group Limited.