REGISTERED NUMBER: 09025723 (England and Wales)

Report of the Directors and

Unaudited Consolidated Financial Statements

for the Year Ended 30 September 2025

for

Bagforce Aggregates Group Ltd

Page

Company Information

1

Report of the Directors

2

Consolidated Income Statement

3

Consolidated Balance Sheet

4

Company Balance Sheet

6

Consolidated Statement of Changes in Equity

8

Company Statement of Changes in Equity

9

Notes to the Consolidated Financial Statements

10

DIRECTORS:

Ms A L Whiteside

Mrs S A Tucker

REGISTERED OFFICE:

Unit 2 Kimberley

Stathern Lane

Harby

Leicestershire

LE14 4DA

REGISTERED NUMBER:

09025723 (England and Wales)

ACCOUNTANTS:

Xitax Limited

Pera Business Park

Nottingham Road

Melton Mowbray

Leicestershire

LE13 0PB

The directors present their report with the financial statements of the company and the group for the year ended 30 September 2025.

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of the sale and distribution of bagged aggregates.

DIRECTORS

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

Ms A L Whiteside

Mrs S A Tucker

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mrs S A Tucker - Director

11 December 2025

TURNOVER

2,741,082

3,089,992

Cost of sales

2,151,106

2,421,136

GROSS PROFIT

589,976

668,856

Administrative expenses

412,475

580,461

OPERATING PROFIT

4

177,501

88,395

Interest receivable and similar income

3,080

474

180,581

88,869

Interest payable and similar expenses

3,830

5,133

PROFIT BEFORE TAXATION

176,751

83,736

Tax on profit

45,909

23,697

PROFIT FOR THE FINANCIAL YEAR

130,842

60,039

Profit attributable to:

Owners of the parent

130,842

60,039

FIXED ASSETS

Intangible assets

6

-

-

Tangible assets

7

239,238

293,650

Investments

8

-

-

239,238

293,650

CURRENT ASSETS

Stocks

105,521

121,099

Debtors

9

204,857

290,910

Cash at bank and in hand

396,458

388,712

706,836

800,721

CREDITORS

Amounts falling due within one year

10

556,080

649,060

NET CURRENT ASSETS

150,756

151,661

TOTAL ASSETS LESS CURRENT LIABILITIES

389,994

445,311

PROVISIONS FOR LIABILITIES

59,809

71,408

NET ASSETS

330,185

373,903

CAPITAL AND RESERVES

Called up share capital

70

70

Capital redemption reserve

30

30

Retained earnings

330,085

373,803

330,185

373,903

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company and the group to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the group keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company and the group as at the end of each financial year and of the group's profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company and the group.

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

The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2025 and were signed on its behalf by:

Mrs S A Tucker - Director

FIXED ASSETS

Intangible assets

6

-

-

Tangible assets

7

239,238

293,650

Investments

8

100

100

239,338

293,750

CURRENT ASSETS

Debtors

9

200,000

220,000

Cash at bank

154,520

161,013

354,520

381,013

CREDITORS

Amounts falling due within one year

10

212,251

261,802

NET CURRENT ASSETS

142,269

119,211

TOTAL ASSETS LESS CURRENT LIABILITIES

381,607

412,961

PROVISIONS FOR LIABILITIES

59,809

71,408

NET ASSETS

321,798

341,553

CAPITAL AND RESERVES

Called up share capital

70

70

Capital redemption reserve

30

30

Retained earnings

321,698

341,453

321,798

341,553

Company's profit for the financial year

154,805

307,333

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2025 and were signed on its behalf by:

Ms A L Whiteside - Director

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 October 2023

70

488,324

30

488,424

Changes in equity

Dividends

-

(174,560

)

-

(174,560

)

Total comprehensive income

-

60,039

-

60,039

Balance at 30 September 2024

70

373,803

30

373,903

Changes in equity

Dividends

-

(174,560

)

-

(174,560

)

Total comprehensive income

-

130,842

-

130,842

Balance at 30 September 2025

70

330,085

30

330,185

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 October 2023

70

208,680

30

208,780

Changes in equity

Dividends

-

(174,560

)

-

(174,560

)

Total comprehensive income

-

307,333

-

307,333

Balance at 30 September 2024

70

341,453

30

341,553

Changes in equity

Dividends

-

(174,560

)

-

(174,560

)

Total comprehensive income

-

154,805

-

154,805

Balance at 30 September 2025

70

321,698

30

321,798

1.	STATUTORY INFORMATION

Bagforce Aggregates Group Ltd 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 General Information page.

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.

Basis of consolidation

The consolidated financial statements incorporate those of Bagforce Aggregates Group Limited and all of its subsidiaries (i.e. entities that the group controls through its power to govern the financial and operating policies so as to obtain economic benefits). Subsidiaries acquired during the year are consolidated using the purchase method. Their results are incorporated from the date that control passes.

All financial statements are made up to 30 September 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Turnover

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

Goodwill

Acquired goodwill is written off in equal annual instalments over its useful economic life which the directors believe is 4 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Land and buildings

-

15% on cost

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the profit and loss account so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rental payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.

Pension costs and other post-retirement benefits

The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

Hire purchase and leasing commitments

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the profit and loss account so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rental payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 13 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

30.9.25

30.9.24

£

£

Depreciation - owned assets

55,962

69,867

5.	INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

6.	INTANGIBLE FIXED ASSETS

Group

Goodwill

£

COST

At 1 October 2024

and 30 September 2025

52,809

AMORTISATION

At 1 October 2024

and 30 September 2025

52,809

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

-

7.	TANGIBLE FIXED ASSETS

Group

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 October 2024

25,000

571,645

596,645

Additions

-

10,588

10,588

Disposals

-

(15,365

)

(15,365

)

At 30 September 2025

25,000

566,868

591,868

DEPRECIATION

At 1 October 2024

16,985

286,010

302,995

Charge for year

1,202

54,760

55,962

Eliminated on disposal

-

(6,327

)

(6,327

)

At 30 September 2025

18,187

334,443

352,630

NET BOOK VALUE

At 30 September 2025

6,813

232,425

239,238

At 30 September 2024

8,015

285,635

293,650

Company

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 October 2024

25,000

571,645

596,645

Additions

-

10,588

10,588

Disposals

-

(15,365

)

(15,365

)

At 30 September 2025

25,000

566,868

591,868

DEPRECIATION

At 1 October 2024

16,985

286,010

302,995

Charge for year

1,202

54,760

55,962

Eliminated on disposal

-

(6,327

)

(6,327

)

At 30 September 2025

18,187

334,443

352,630

NET BOOK VALUE

At 30 September 2025

6,813

232,425

239,238

At 30 September 2024

8,015

285,635

293,650

8.	FIXED ASSET INVESTMENTS

Company

Shares in

group

undertakings

£

COST

At 1 October 2024

and 30 September 2025

100

NET BOOK VALUE

At 30 September 2025

100

At 30 September 2024

100

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

30.9.25

30.9.24

30.9.25

30.9.24

£

£

£

£

Trade debtors

203,229

289,569

-

-

Amounts owed by group undertakings

-

-

200,000

220,000

Other debtors

1,628

1,341

-

-

204,857

290,910

200,000

220,000

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

30.9.25

30.9.24

30.9.25

30.9.24

£

£

£

£

Hire purchase contracts (see note 11)

355

41,903

355

41,903

Trade creditors

236,475

280,267

-

4,895

Taxation and social security

117,856

97,322

36,163

40,004

Other creditors

201,394

229,568

175,733

175,000

556,080

649,060

212,251

261,802

11.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group

Hire purchase

contracts

30.9.25

30.9.24

£

£

Gross obligations repayable:

Within one year

391

45,310

Finance charges repayable:

Within one year

36

3,407

Net obligations repayable:

Within one year

355

41,903

Company

Hire purchase

contracts

30.9.25

30.9.24

£

£

Gross obligations repayable:

Within one year

391

45,310

Finance charges repayable:

Within one year

36

3,407

Net obligations repayable:

Within one year

355

41,903

Group

Non-cancellable

operating leases

30.9.25

30.9.24

£

£

Within one year

-

19,050

Company

Non-cancellable

operating leases

30.9.25

30.9.24

£

£

Within one year

-

19,050

12.	SECURED DEBTS

The following secured debts are included within creditors:

Group

30.9.25

30.9.24

£

£

Hire purchase contracts

355

41,903

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

13.	ULTIMATE CONTROLLING PARTY

The group is controlled by the directors with no ultimate controlling party.