REGISTERED NUMBER: 03932456 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 March 2025

for

McFadden Building & Civil Engineering

Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Income Statement

6

Balance Sheet

7

Statement of Changes in Equity

8

Notes to the Financial Statements

9

DIRECTORS:

F A Lynn

P A McFadden

K A McFadden

F S McFadden

G M Miller

K Y J Yeung

REGISTERED OFFICE:

4 Redcote Lane

Kirkstall

Leeds

West Yorkshire

LS4 2AL

REGISTERED NUMBER:

03932456 (England and Wales)

AUDITORS:

KJA Kilner Johnson Ltd (Statutory Auditors)

Woodland House

Woodland Park

Bradford Road

Cleckheaton

BD19 6BW

The directors present their strategic report for the year ended 31 March 2025.

REVIEW OF BUSINESS

Established in 2000, McFadden Building & Civil Engineering Limited provides a specialist service in all aspects of fuel station forecourt construction and drive-thru restaurants. Working nationally in the UK, its high levels of customer satisfaction reflect the Company's success in completing projects on schedule, within budget and above standard.

The Company is involved with many private forecourt operators and notes that as electric vehicles become more popular demand could shift from infrastructure needed for petrol vehicles to that required for electric vehicles.

The Company has recently secured new contracts for the construction of petrol stations and drive-thru restaurants and tenders for new builds on a continuous basis. The Company has a wide customer base and is not reliant on any one customer.

The Company continues to be impacted by inflationary pressures and has created efficiencies where possible and passed on increased costs to customers where unavoidable.

The Company remains committed to an infrastructure fit for purpose, through investment in the support and training of its people. This year saw the completion of a new purpose-built Head Office which provides enhanced facilities for staff.

The shareholders are fully committed to the Company and will ensure that its cash position and business resilience remain strong. The primary aim is to develop a profitable, growing and robust business that can continue to increase stakeholder value each year.

PRINCIPAL RISKS AND UNCERTAINTIES

Risk management is achieved through formal documented policies and procedures along with robust internal controls set by the directors which are reviewed periodically.

In addition to the specific risks considered below, the principal risks to the business remain significant commodity price movements in the supply chain, competitor activity, legislative changes and wider sector dynamics.

Operational risk

There is a risk that new projects are not secured with existing customers due to the competitive market. The directors mitigate this risk by ensuring the Company provides first-class service levels and cost control to deliver competitive pricing which results in excellent value for money.

Price risk

Suppliers are reviewed and alternatives are sought on a periodic basis to reduce exposure to price increases. The Company also enters longer-term fixed-rate contracts with certain suppliers.

Liquidity risk

The Company is profitable and cash generative and has no external borrowing at the year-end. It has access to an overdraft facility which remained unutilised throughout the year.

KEY PERFORMANCE INDICATORS

The board monitors the progress of the Company by reference to the following Key Performance Indicators:

2025

2024

Turnover

£16,715,519

£14,252,758

Gross profit

£3,565,975

£2,285,185

Gross profit percentage

21.3%

16.0%

The Company monitors several non-financial Key Performance Indicators which it is not deemed commercially appropriate to disclose.

ON BEHALF OF THE BOARD:

P A McFadden - Director

13 November 2025

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of building and civil engineering.

DIVIDENDS

An interim dividend of £11,111.11 per ordinary A share was paid on 31 March 2025. The directors recommend that no final dividend be paid on these shares.

The total distribution of dividends for the year ended 31 March 2025 will be £3,000,000.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

F A Lynn

P A McFadden

Other changes in directors holding office are as follows:

K A McFadden - appointed 21 October 2024

F S McFadden - appointed 21 June 2024

G M Miller - appointed 21 June 2024

K Y J Yeung - appointed 21 June 2024

DIRECTORS' RESPONSIBILITIES STATEMENT

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and 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 then 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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, KJA Kilner Johnson Ltd (Statutory Auditors), will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

P A McFadden - Director

13 November 2025

Opinion

We have audited the financial statements of McFadden Building & Civil Engineering Limited (the 'company') for the year ended 31 March 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, 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 Financial Reporting Standard 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 March 2025 and of its profit for the 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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

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

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

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

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

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 this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors 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 company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

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 returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Directors' Responsibilities Statement set out on page three, 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 necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' 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 a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

While planning our audit, we have made enquiries of management and those charged with governance around any actual or potential litigation and claims against the company for non-compliance with specific laws and regulations. The same has been done in respect of any instances of fraud or irregularities. The responses received have been communicated with the engagement team at the planning stage.

We have not been informed of any specific laws or regulatory related issues that could materially impact the financial statements in addition to this, there has been no suspected fraud or irregularities reported to us.

While planning our audit the engagement partner selected appropriately trained staff to be engaged in the audit and the team are allocated based on their competence and capabilities.

The audit work undertaken is a substantive work based audit approach, reviewing to source documentation where appropriate and includes a review and walkthrough of the systems which management have put in place. These tests are directional. Therefore, they are designed in a way to maximise audit effectiveness and the possible identification of any material fraud, irregularities, or instances of systems and procedure breaches. Our testing did not identify any issues that requires any additional reporting.

These tests and other areas of our audit work are designed to enhance our ability to detect cases of material fraud and certain irregularities. It should be noted that our audit is carried out using a material based approach and therefore does not test every transaction, as such it would not detect all instances of irregularities and specifically fraud which is inherently more difficult to detect.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

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 a Report of the Auditors 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.

Raza Effendi MBA FCA (Senior Statutory Auditor)

for and on behalf of KJA Kilner Johnson Ltd (Statutory Auditors)

Woodland House

Woodland Park

Bradford Road

Cleckheaton

BD19 6BW

13 November 2025

TURNOVER

3

16,715,519

14,252,758

Cost of sales

13,149,544

11,967,573

GROSS PROFIT

3,565,975

2,285,185

Administrative expenses

1,284,255

794,326

2,281,720

1,490,859

Other operating income

4

70,707

204,115

OPERATING PROFIT

7

2,352,427

1,694,974

Interest receivable and similar income

9

47,962

13,850

2,400,389

1,708,824

Interest payable and similar expenses

10

363

3,846

PROFIT BEFORE TAXATION

2,400,026

1,704,978

Tax on profit

11

560,675

359,151

PROFIT FOR THE FINANCIAL YEAR

1,839,351

1,345,827

FIXED ASSETS

Tangible assets

13

1,292,876

775,397

Investment property

14

375,000

327,199

1,667,876

1,102,596

CURRENT ASSETS

Stocks

15

81,512

66,560

Debtors

16

6,050,264

5,928,961

Cash at bank and in hand

17

607,257

669,062

6,739,033

6,664,583

CREDITORS

Amounts falling due within one year

18

4,099,061

2,366,187

NET CURRENT ASSETS

2,639,972

4,298,396

TOTAL ASSETS LESS CURRENT LIABILITIES

4,307,848

5,400,992

PROVISIONS FOR LIABILITIES

20

113,420

45,915

NET ASSETS

4,194,428

5,355,077

CAPITAL AND RESERVES

Called up share capital

21

1,000

1,000

Fair value reserve

10,207

-

Retained earnings

4,183,221

5,354,077

SHAREHOLDERS' FUNDS

4,194,428

5,355,077

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2025 and were signed on its behalf by:

P A McFadden - Director

Called up

Fair

share

Retained

value

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 April 2023

1,000

7,414,831

-

7,415,831

Changes in equity

Dividends

-

(3,406,581

)

-

(3,406,581

)

Total comprehensive income

-

1,345,827

-

1,345,827

Balance at 31 March 2024

1,000

5,354,077

-

5,355,077

Changes in equity

Dividends

-

(3,000,000

)

-

(3,000,000

)

Total comprehensive income

-

1,829,144

10,207

1,839,351

Balance at 31 March 2025

1,000

4,183,221

10,207

4,194,428

1.	STATUTORY INFORMATION

McFadden Building & Civil Engineering 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 (£).

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirement of paragraph 3.17(d);

•

the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

•

the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;

•

the requirement of paragraph 33.7.

McFadden Building & Civil Engineering (Holdings) Limited is the parent company and it's financal statements can be obtained from their registered office.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The key assumptions concerning the future and other key sources of estimation uncertainty that have a heightened risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below:

(i) Useful economic lives of tangible fixed assets

The annual depreciation charge for tangible fixed assets and their carrying amount is determined by the estimated useful economic lives and residual values of the assets. The useful lives and residual values are reassessed annually and amended when necessary to reflect current estimates based on technological advancement, future investment, economic utilisation and the physical condition of the asset.

The depreciation method used for tangible fixed assets has been changed during the year from the reducing balance method to a straight line basis. This is to better reflect the realisable value of the assets at year end. It is not practicable to present the effect of the change in depreciation method on the comparative financial information.

(ii) Investment property fair value

The fair value of investment property is considered to be the same as cost. The fair value is reassessed annually and amended when necessary to reflect the market value of the properties concerned.

(iii) Estimated revenues for ongoing contracts

The nature of the Company’s business results in the requirement for estimations of the revenues associated with contracts in progress at the year-end. These estimations will determine the stage of completion of ongoing projects in order to recognise the appropriate amount of revenue at the reporting date. When estimating the stage of completion of contracts the Company uses a range of information available to it such as approved contract value and variations, total costs booked to the contract plus an estimate of costs to complete the contract using estimated bills of materials, labour and any other costs specific to a particular contract. Management estimate the stage of completion of ongoing contracts by reference to the actual costs incurred to the reporting period date in comparison to the expected total costs of the project.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured

reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

Rental income

Income from the letting and maintenance of investment property is recognised in the Statement of Comprehensive Income on a straight-line basis over the lease term.

Interest income

Interest income is recognised in profit and loss using the effective interest method.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% straight line

Motor vehicles

-

25% straight line

Computer equipment

-

25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Investment property

Investment property is carried at fair value derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unleashed 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest, the discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

2025

2024

£

£

Contract revenue

16,700,519

14,241,758

Rental income

15,000

11,000

16,715,519

14,252,758

4.	OTHER OPERATING INCOME

2025

2024

£

£

Management fees receivable

60,500

204,115

88,000

204,115

5.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

507,819

416,346

Social security costs

55,013

42,296

Other pension costs

8,034

9,880

570,866

468,522

The average number of employees during the year was as follows:

2025

2024

Operations

10

9

Administration and support

3

3

13

12

6.	DIRECTORS' EMOLUMENTS

2025

2024

£

£

Directors' remuneration

294,486

49,564

Directors' pension contributions to money purchase schemes

3,724

1,013

Information regarding the highest paid director for the year ended 31 March 2025 is as follows:

2025

£

Emoluments etc

66,917

Pension contributions to money purchase schemes

686

During the year retirement benefits were accruing to 4 directors (2024 - 1) in respect of defined contribution pension schemes.

7.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2025

2024

£

£

Hire of plant and machinery

549,636

475,079

Depreciation - owned assets

226,214

469,304

Loss/(profit) on disposal of fixed assets

2,386

(25,129

)

Other operating lease rentals

16,280

10,026

Cost of defined contribution scheme

4,310

8,867

8.	AUDITORS' REMUNERATION

2025

2024

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

16,200

16,200

9.

INTEREST RECEIVABLE AND SIMILAR INCOME

2025

2024

£

£

Deposit account interest

8,545

13,850

HMRC interest received

39,417

-

47,962

13,850

10.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Bank loan interest

-

109

Hire purchase

363

3,737

363

3,846

11.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

555,805

527,930

Under/over provision

(62,632

)

-

Total current tax

493,173

527,930

Deferred tax

67,502

(168,779

)

Tax on profit

560,675

359,151

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2025

2024

£

£

Profit before tax

2,400,026

1,704,978

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

600,007

426,245

Effects of:

Expenses not deductible for tax purposes

93,847

1,142

Adjustments to tax charge in respect of previous periods

(57,124

)

-

corporation tax rate

Deferred tax previously over provided

-

(637

)

Other differences

(378

)

(4,880

)

Group relief

(73,125

)

(62,719

)

Deferred tax on revaluation of investment property

(2,552

)

-

Total tax charge

560,675

359,151

12.

DIVIDENDS

2025

2024

£

£

Ordinary A shares of £1 each

Final

-

3,406,581

Interim

3,000,000

-

3,000,000

3,406,581