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REGISTERED NUMBER: 03208960 (England and Wales)

| Strategic Report, Report of the Directors and |

| Audited Financial Statements |

| for the Year Ended 31 March 2025 |

| for |

| Marshall Quarry Products Limited |

| Marshall Quarry Products Limited (Registered number: 03208960) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Directors | 4 |

| Independent Auditors' Report | 6 |

| Statement of Comprehensive Income | 9 |

| Balance Sheet | 10 |

| Statement of Changes in Equity | 11 |

| Cash Flow Statement | 12 |

| Notes to the Cash Flow Statement | 13 |

| Notes to the Financial Statements | 14 |

| Marshall Quarry Products Limited |

Company Information

for the Year Ended 31 March 2025

| Directors: | W R Watts

| D C Watts

| Secretary: | P Thompson

| Registered office: | Watts House

| Carnaby Industrial Estate

| Lancaster Road, Carnaby

| Bridlington

| East Riding

| YO15 3QY

| Registered number: | 03208960 (England and Wales)

| Auditors: | Ashby Berry Coulsons Limited

| Statutory Auditors

| 2 Belgrave Crescent

| Scarborough

| North Yorkshire

| YO11 1UB

| Marshall Quarry Products Limited (Registered number: 03208960) |

Strategic Report

for the Year Ended 31 March 2025

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

Marshall Quarry Products Limited operates five concrete production units, a mortar plant, and a pre-cast production site. These facilities supply concrete-related products to the construction sector and local building firms across Yorkshire, North Lincolnshire, and the North East of England.

Review of business

Despite macroeconomic challenges-including the ongoing conflict between Russia and Ukraine and the domestic cost-of-living crisis-the Directors consider the Company's performance during the year to be satisfactory. The business successfully absorbed inflationary pressures while maintaining sales volumes.

The Company continued to focus on its most profitable activities, resulting in improved performance compared to the previous year. Revenue increased by 0.5% to £18.0 million, reversing the prior year's decline of 7.8%. Profit before tax for the year was £2.841 million, compared to £3.110 million in the previous year, reflecting a margin of 15.8% (down from 17.4%).

Capital investment continued, with £63,000 spent on new vehicles and machinery, supplementing the £535,000 invested in the prior year.

Retained earnings as at 31 March 2025 stood at £14.9 million (2024: £12.7 million), with net current assets of £12.6 million (2024: £9.9 million).

Certifications and Compliance

The Company maintains the following accreditation and standards:

- BSI Accreditation for ready-mix concrete products

- UKCA Certification for pre-cast products

- Annual Environmental Health Audit by the local authority

Employee training and qualification reviews are conducted regularly in accordance with Company policy and regulatory requirements.

Key Performance Indicators (KPIs)

The Company monitors the following KPIs to assess performance and guide strategic decisions:

- Turnover

- Gross Margin

- Operating Profit

- Net Current Assets

- Ne assets

These indicators are reviewed regularly, with corrective actions taken as necessary.

| Marshall Quarry Products Limited (Registered number: 03208960) |

Strategic Report

for the Year Ended 31 March 2025

Principal risks and uncertainties

The primary external risk remains the UK's economic recovery from the cost-of-living crisis. As the Company's success is closely tied to the health of the construction sector, any economic downturn poses a significant credit risk.

To mitigate this, the Company enforces a strict credit policy across all sites and maintains robust insurance coverage. Fuel and energy costs are monitored closely, and the business remains agile in responding to market conditions and emerging opportunities.

The increase in employment-related costs due to government policy changes-particularly NICs and minimum wage-represents a structural challenge. These are being managed through operational efficiencies and strategic workforce planning.

On behalf of the board:

P Thompson - Secretary

17 November 2025

| Marshall Quarry Products Limited (Registered number: 03208960) |

Report of the Directors

for the Year Ended 31 March 2025

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

Dividends

No dividends will be distributed for the year ended 31 March 2025.

Future developments

The directors plan on continuing to improve existing production units and investing in new commercial vehicles. as well as looking for further opportunities to grow the business which meet the strategic aims of the company.

Directors

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

W R Watts

D C Watts

Statement of directors' responsibilities

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.

| Marshall Quarry Products Limited (Registered number: 03208960) |

Report of the Directors

for the Year Ended 31 March 2025

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 ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

On behalf of the board:

P Thompson - Secretary

17 November 2025

Independent Auditors' Report to the Members of

Marshall Quarry Products Limited

Opinion

We have audited the financial statements of Marshall Quarry Products Limited (the 'company') for the year ended 31 March 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, 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 Auditors' Report 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.

Independent Auditors' Report to the Members of

Marshall Quarry Products Limited

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 Statement of Directors' Responsibilities set out on page four, 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.

Independent Auditors' Report to the Members of

Marshall Quarry Products Limited

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 an Auditors' 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.

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

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.

Our audit procedures have included:

Performing audit work over the risk of management override of controls, including reviewing accounting estimates for bias and testing journal entries and other adjustments for appropriateness;

Reviewing minutes of meetings of those charged with governance;

Reviewing financial statement disclosures to assess compliance with applicable laws and regulations

Enquiry of management and those charged with governance concerning potential litigation and claims.

We consider that these procedures, together with evidence acquired from our other audit work, provide an audit approach enabling a reasonable likelihood of detection of irregularities.

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 Auditors' Report.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an Auditors' 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.

Timothy Jones, FCA (Senior Statutory Auditor)

for and on behalf of Ashby Berry Coulsons Limited

Statutory Auditors

2 Belgrave Crescent

Scarborough

North Yorkshire

YO11 1UB

17 November 2025

| Marshall Quarry Products Limited (Registered number: 03208960) |

Statement of Comprehensive

Income

for the Year Ended 31 March 2025

| 2025 |  | 2024

| Notes | £ | £ |

Turnover | 4 | 17,955,734 |  | 17,860,276 |  |

Cost of sales | 13,285,370 |  | 12,940,838 |  |

Gross profit | 4,670,364 |  | 4,919,438 |  |

Administrative expenses | 2,026,306 |  | 2,047,691 |  |

2,644,058 |  | 2,871,747 |  |

Interest receivable and similar income | 6 | 197,441 |  | 238,489 |  |

Profit before taxation | 7 | 2,841,499 |  | 3,110,236 |  |

Tax on profit | 9 | 710,515 |  | 687,672 |  |

Profit for the financial year | 2,130,984 |  | 2,422,564 |  |

Other comprehensive income | - |  | - |  |

Total comprehensive income for the year | 2,130,984 |  | 2,422,564 |  |

| Marshall Quarry Products Limited (Registered number: 03208960) |

Balance Sheet

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

Fixed assets

Tangible assets | 10 | 2,598,628 |  | 3,312,610 |  |

Current assets

Stocks | 11 | 413,553 |  | 366,647 |  |

Debtors | 12 | 3,476,638 |  | 3,873,892 |  |

Cash at bank | 11,857,894 |  | 8,749,151 |  |

15,748,085 |  | 12,989,690 |  |

Creditors

Amounts falling due within one year | 13 | 3,134,632 |  | 3,168,895 |  |

Net current assets | 12,613,453 |  | 9,820,795 |  |

Total assets less current liabilities | 15,212,081 |  | 13,133,405 |  |

Provisions for liabilities | 15 | 343,859 |  | 396,167 |  |

Net assets | 14,868,222 |  | 12,737,238 |  |

Capital and reserves

Called up share capital | 16 | 100 |  | 100 |  |

Retained earnings | 14,868,122 |  | 12,737,138 |  |

Shareholders' funds | 14,868,222 |  | 12,737,238 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2025 and were signed on its behalf by:

D C Watts - Director

| Marshall Quarry Products Limited (Registered number: 03208960) |

Statement of Changes in Equity

for the Year Ended 31 March 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 April 2023 | 100 |  | 10,314,574 |  | 10,314,674 |  |

Changes in equity

Total comprehensive income | - |  | 2,422,564 |  | 2,422,564 |  |

Balance at 31 March 2024 | 100 |  | 12,737,138 |  | 12,737,238 |  |

Changes in equity

Total comprehensive income | - |  | 2,130,984 |  | 2,130,984 |  |

Balance at 31 March 2025 | 100 |  | 14,868,122 |  | 14,868,222 |  |

| Marshall Quarry Products Limited (Registered number: 03208960) |

Cash Flow Statement

for the Year Ended 31 March 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 3,729,332 |  | 2,511,546 |  |

Tax paid | (849,360 | ) | (573,000 | ) |

Net cash from operating activities | 2,879,972 |  | 1,938,546 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (63,480 | ) | (535,372 | ) |

Sale of tangible fixed assets | 94,810 |  | 6,376 |  |

Interest received | 197,441 |  | 238,489 |  |

Net cash from investing activities | 228,771 |  | (290,507 | ) |

Increase in cash and cash equivalents | 3,108,743 |  | 1,648,039 |  |

Cash and cash equivalents at beginning of year | 2 | 8,749,151 |  | 7,101,112 |  |

Cash and cash equivalents at end of year | 2 | 11,857,894 |  | 8,749,151 |  |

| Marshall Quarry Products Limited (Registered number: 03208960) |

Notes to the Cash Flow Statement

for the Year Ended 31 March 2025

1. | Reconciliation of profit before taxation to cash generated from operations

| 2025 |  | 2024

£ | £ |

| Profit before taxation | 2,841,499 |  | 3,110,236 |  |

| Depreciation charges | 715,655 |  | 759,686 |  |

| (Profit)/loss on disposal of fixed assets | (33,004 | ) | 23 |  |

| Finance income | (197,441 | ) | (238,489 | ) |

3,326,709 |  | 3,631,456 |  |

| (Increase)/decrease in stocks | (46,906 | ) | 18,862 |  |

| Decrease/(increase) in trade and other debtors | 397,255 |  | (554,023 | ) |

| Increase/(decrease) in trade and other creditors | 52,274 |  | (584,749 | ) |

| Cash generated from operations | 3,729,332 |  | 2,511,546 |  |

2. | Cash and cash equivalents

| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

| Year ended 31 March 2025

| 31.3.25 |  | 1.4.24

£ | £ |

| Cash and cash equivalents | 11,857,894 |  | 8,749,151 |  |

| Year ended 31 March 2024

| 31.3.24 |  | 1.4.23

£ | £ |

| Cash and cash equivalents | 8,749,151 |  | 7,101,112 |  |

3. | Analysis of changes in net funds

| At 1.4.24 | Cash flow | At 31.3.25

£ | £ | £ |

| Net cash |

| Cash at bank | 8,749,151 |  | 3,108,743 |  | 11,857,894 |  |

8,749,151 |  | 3,108,743 |  | 11,857,894 |  |

| Total | 8,749,151 |  | 3,108,743 |  | 11,857,894 |  |

| Marshall Quarry Products Limited (Registered number: 03208960) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | Statutory information

| Marshall Quarry Products 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. | Statement of compliance

| 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.

3. | Accounting policies

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| Significant judgements and estimates

| The directors consider that no judgements, apart from those involving estimates, have been made in the process of applying the above accounting policies which have had a significant effect on amounts recognised in the financial statements.

| The directors consider that no key assumptions concerning the future and other key sources of estimation

| uncertainty at the reporting date have been made which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

| Tangible fixed assets

| Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

| Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

| Freehold property |  |  | no longer provided |  |

| Plant and machinery |  |  | 20% on reducing balance |  |

| Motor vehicles |  |  | 25% on reducing balance |  |

| Stocks

| Stocks are stated 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 stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

| Marshall Quarry Products Limited (Registered number: 03208960) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

3. | Accounting policies - continued

| Debtors and creditors receivable / payable within one year

| 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.

| Impairment

| Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

| Provisions

| Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

| Leases

| Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

| Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

| Taxation

| Current tax represents the amount of tax payable or receivable in respect of the taxable profit for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

| Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

| Turnover and other income

| Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

| Marshall Quarry Products Limited (Registered number: 03208960) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

3. | Accounting policies - continued

| Sale of goods

| Turnover from the sale of concrete and concrete products is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on delivery of goods.

| Interest and dividends receivable

| Interest income is recognised using the effective interest method and dividend income is recognised as the company's right to receive payment is established.

| Government grants

| Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the organisation will comply with conditions attaching to them and the grants will be received, using the performance model.

| Employee benefits

| When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

| The company contributes to a defined contribution workplace pension plan for the benefit of its employees. Contributions are charged to the profit and loss in the period to which they relate.

4. | Turnover

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

5. | Employees and directors

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 2,165,823 |  | 2,047,341 |  |

| Social security costs | 231,299 |  | 216,447 |  |

| Other pension costs | 144,365 |  | 43,183 |  |

2,541,487 |  | 2,306,971 |  |

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

| 2025 |  | 2024

63 |  | 64 |  |

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | - |  | - |  |

| Marshall Quarry Products Limited (Registered number: 03208960) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

5. | Employees and directors - continued

| The number of directors to whom retirement benefits were accruing was as follows:

| Money purchase schemes | 2 |  | 2 |  |

6. | Interest receivable and similar income |

| 2025 |  | 2024

£ | £ |

| Deposit account interest | 196,082 |  | 231,477 |  |

| Other Interest | 1,359 |  | 7,012 |  |

197,441 |  | 238,489 |  |

7. | Profit before taxation

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

| 2025 |  | 2024

£ | £ |

| Hire of plant & machinery | 264,609 |  | 227,405 |  |

| Other operating leases | 104,893 |  | 110,767 |  |

| Depreciation - owned assets | 715,656 |  | 759,686 |  |

| (Profit)/loss on disposal of fixed assets | (33,004 | ) | 23 |  |

8. | Auditors' remuneration

| 2025 |  | 2024

£ | £ |

| Fees payable to the company's auditors for the audit of the company's financial statements | 9,500 |  | 8,000 |  |

9. | 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 | 762,823 |  | 808,640 |  |

| Deferred tax:

| Origination & reversal of timing differences | (52,308 | ) | (120,968 | ) |

| Tax on profit | 710,515 |  | 687,672 |  |

| UK corporation tax has been charged at 25% (2024 - 25%).

| Marshall Quarry Products Limited (Registered number: 03208960) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

9. | Taxation - continued

| Reconciliation of total tax charge included in profit and loss

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

| 2025 |  | 2024

£ | £ |

| Profit before tax | 2,841,499 |  | 3,110,236 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 710,375 |  | 777,559 |  |

| Effects of:

| Expenses not deductible for tax purposes | 557 |  | 532 |  |

| Depreciation in excess of capital allowances | 51,891 |  | 30,549 |  |

| Movement in deferred tax Accelerated capital allowances | (52,308 | ) | (120,968 | ) |

| Total tax charge | 710,515 |  | 687,672 |  |

10. | Tangible fixed assets

| Freehold |  | Plant and |  | Motor |  | Computer |

| property |  | machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| Cost

| At 1 April 2024 | 858,875 |  | 4,955,962 |  | 4,469,680 |  | 5,979 |  | 10,290,496 |  |

| Additions | - |  | 4,300 |  | 59,180 |  | - |  | 63,480 |  |

| Disposals | - |  | (1,879 | ) | (420,922 | ) | - |  | (422,801 | ) |

| At 31 March 2025 | 858,875 |  | 4,958,383 |  | 4,107,938 |  | 5,979 |  | 9,931,175 |  |

| Depreciation

| At 1 April 2024 | 690,362 |  | 3,529,066 |  | 2,752,479 |  | 5,979 |  | 6,977,886 |  |

| Charge for year | - |  | 285,560 |  | 430,096 |  | - |  | 715,656 |  |

| Eliminated on disposal | - |  | (1,684 | ) | (359,311 | ) | - |  | (360,995 | ) |

| At 31 March 2025 | 690,362 |  | 3,812,942 |  | 2,823,264 |  | 5,979 |  | 7,332,547 |  |

| Net book value

| At 31 March 2025 | 168,513 |  | 1,145,441 |  | 1,284,674 |  | - |  | 2,598,628 |  |

| At 31 March 2024 | 168,513 |  | 1,426,896 |  | 1,717,201 |  | - |  | 3,312,610 |  |

| Marshall Quarry Products Limited (Registered number: 03208960) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

11. | Stocks

2025 | 2024 |

£ | £ |

| Raw materials | 323,684 |  | 295,778 |  |

| Finished goods | 89,869 |  | 70,869 |  |

413,553 |  | 366,647 |  |

12. | Debtors: amounts falling due within one year |

2025 | 2024 |

£ | £ |

| Trade debtors | 2,931,863 |  | 3,144,223 |  |

| Amounts owed by related undertakings | 510,962 |  | 614,785 |  |

| Prepayments | 33,813 |  | 114,884 |  |

3,476,638 |  | 3,873,892 |  |

13. | Creditors: amounts falling due within one year |

2025 | 2024 |

£ | £ |

| Trade creditors | 2,123,938 |  | 1,964,175 |  |

| Amounts owed to related undertakings | 205,557 |  | 209,686 |  |

| Tax | 358,499 |  | 445,036 |  |

| Social security and other taxes | 51,653 |  | 62,215 |  |

| VAT | 252,845 |  | 287,799 |  |

| Other creditors | 2,011 |  | 29,923 |  |

| Accrued expenses | 140,129 |  | 170,061 |  |

3,134,632 |  | 3,168,895 |  |

14. | Leasing agreements

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | - |  | 25,000 |  |

15. | Provisions for liabilities

2025 | 2024 |

£ | £ |

| Deferred tax

| Accelerated capital allowances | 343,859 |  | 396,167 |  |

| Marshall Quarry Products Limited (Registered number: 03208960) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

15. | Provisions for liabilities - continued

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 396,167 |  |

| Provided during year | (52,308 | ) |

| Balance at 31 March 2025 | 343,859 |  |

16. | Called up share capital

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

17. | Contingent liabilities

| The company becomes liable for the costs to be incurred in restoring its open quarry to a condition specified by the local authority when its licence expires or cannot be renewed. These cannot however be measured with sufficient reliability due to having to estimate the cost and volumes of the materials required, the cost of own and subcontracted labour, the time in the future when the work is to be started and the timescale in which the work must be completed. For these reasons the costs are not provided for in these accounts.

18. | Capital commitments

2025 | 2024 |

£ | £ |

| Contracted but not provided for in the

| financial statements | 49,000 |  | - |  |