REGISTERED NUMBER: 01811703 (England and Wales)

Report of the Directors and

Audited Financial Statements for the Year Ended 31 December 2024

for

Quality Scheme For Ready Mixed

Concrete(THE)

Page

Company Information

1

Chairman's Report

2

Report of the Directors

4

Balance Sheet

9

Notes to the Financial Statements

10

DIRECTORS:

C R Chapman

P C Hewlett

P T Toplis

SECRETARY:

C A Head

REGISTERED OFFICE:

1 Mount Mews High Street

Hampton

Middlesex

TW12 2SH

REGISTERED NUMBER:

01811703 (England and Wales)

AUDITORS:

HC & Co Limited

Chartered Certified Accountants

and Statutory Auditors

168 Cranford Drive

Hayes

UB3 4LG

A High Quality Team

Our new Chief Executive supported by the Certification Manager, the excellent team of Assessors and our head office team of the Finance Officer and administrators have completed the transition of our internal systems to one that operates making best use of IT. This should smooth the process of preparing our certification documentation and enable assessors to concentrate on giving our clients added value in the delivery of our services. The Governing Board has been strengthened by both non-producer and producer new members and the Regulations Review Group issued updates in May to enhance the recent redrafted Regulations. We wish Colin Head an enjoyable, well deserved, retirement and I would like to thank Steve Crompton who has left the Board after 20 years' service.

The QSRMC team are looking forward to supporting changes in the industry including schemes that set maximum embodied carbon values for concretes as well as the development of the updated National Structural Concrete Specification, NSCS.

QSRMC: The Gold Standard for Producers and Consumers

The QSRMC Scheme, widely regarded by producers and customers as the Gold Standard in product conformity certification for ready mixed concrete, provides the highest possible level of assurance that concrete supplied by QSRMC member companies will meet all the specification requirements of the industry's customers.

CPC Services including UKCA Marking

We can provide certification for the suite of management standards ISO 9001 - quality, ISO 14001 - environmental and ISO 45001 - health and safety; and BES 6001 for responsible sourcing of materials. We certify organisations in the nuclear energy sector supplying products and services important to nuclear safety to ISO 19443.

With assessors able to offer integrated certification services our clients gain the benefit of a streamlined process alongside our intent to deliver a gold standard of quality. We continue to expand our range of certification to meet our client's requirements. This includes Certification of Factory Production Control Systems for materials including aggregates, cements and additions, concrete & clay blocks, mortar and precast concrete products.

Through our partnership with an Irish Notified Body, we continue to provide the required certification to allow clients to affix both the UKCA and CE marks to their products. This is very useful in maintaining standards on the island of Ireland.

SpeCC

Our SpeCC members who are certified as a minimum to the suite of 9001, 14001 and 45001, value the insight of our Assessors in developing the quality of their service delivery. In the next year we hope to strengthen the value of SpeCC membership and encourage its use to demonstrate to Client and design teams the advantages to their projects of having them built by a SpeCC Contractor.

Thanks to our staff

This report would be incomplete without an expression of sincere thanks and appreciation, on behalf of the Governing Board, to the Scheme's management and staff, whose dedication and professionalism are key to our ability to provide the highest level of service to our members and clients in respect of all their certification requirements. I also want to thank our deputy chair, Chris Chapman for his continued support of myself and the senior staff team.

P T Toplis

Chair

Date:15 December 2025

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY

The principal activities of the Company are the assessment and certification of suppliers of ready mixed concrete, other construction materials and civil engineering and specialist concrete contractors in accordance with the criteria of ISO 17021, ISO 17065, PD ISO/TS 23406 and the Guidelines to these standards, produced by the European Co-operation for Accreditation (EA) and the International Accreditation Forum (IAF). QSRMC is accredited by the United Kingdom Accreditation Service (UKAS) for these activities. QSRMC is also an Approved Body under Article 39A of the Construction Products Regulation (Amendment etc.) (EU Exit) Regulations 2019 to provide assessment and certification services in support of UKCA marking of construction products. QSRMC also owns and operates the Certification Scheme for Specialist Concrete Contractors, SpeCC and is a licensed provider of certification for BES 6001 Framework Standard for Responsible Sourcing.

Governing Board Membership

Chairman

P Toplis*

Independent

Non-Producer

C Banks

Laing O’Rourke Infrastructure

Representatives

D Bannister

CONSTRUCT

T Beeson

Balfour Beatty Civil Engineering Ltd

A Gardner

Institution of Structural Engineers

I Gibb

Mott MacDonald Group Ltd

P C Hewlett*

Institute of Concrete Technology

P Valerio

Highways England

Producer

Representatives

G Brennand

Industry Council Representative

C R Chapman*

Industry Council Representative

D Clayton

Industry Council Representative

J Cook

Industry Council Representative

S J Crompton*

Industry Council Representative

W Doherty

Industry Council Representative

D McMillan

Industry Council Representative

*Statutory directors as at 31 December 2024

Industry Council Membership

The members of the Industry Council who served during the year are as stated below:

G Brennand

Aggregate Industries UK Ltd

C R Chapman

Robert Brett & Sons Ltd

D Clayton

Heidelberg Materials Ltd

J Cook

Hills Quarry Products Ltd

S J Crompton

CEMEX UK Materials Ltd

W Doherty

Creagh Concrete Products Ltd

D McMillan

Northstone (NI) Ltd

Note: By agreement between the Industry Council and the Governing Board, from 10 June 2008, the functions of the Industry Council have been carried out at meetings of the QSRMC members of the British Ready Mixed Concrete Association. Consequently, elections are no longer held to appoint the members of the Industry Council.

DIRECTORS

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

C R Chapman

P C Hewlett

P T Toplis

Other changes in directors holding office are as follows:

S J Crompton ceased to be a director after 31 December 2024 but prior to the date of this report.

BUSINESS DEVELOPMENTS

Our certification service provision increased again during 2024 with 9 new CPC clients and a total of 19 new certificates were issued to new and existing clients. These included clients carrying out highway works, incorporating both certification for conformity with ISO 9001 and National Highway Sector Scheme 16 for the laying of asphalt mixes, producers of aggregates, precast concrete products and suppliers of binders,

We have provided factory production control certification relating to precast concrete products and concrete blocks to new and existing clients during the year. We also provided three new certificates of constancy of performance to clients in respect of new cements and other binders for use in concrete.

Responsible sourcing certification continues to be a significant business activity, and we gained another three new clients for this service during 2024. In addition we carried out assessments for seven existing clients transitioning to v4.0 of BES 6001.

SERVICES FOR PRODUCERS, SPECIFIERS AND USERS OF READY MIXED CONCRETE

Two new companies were elected into membership of QSRMC during the year bringing the total number of QSRMC group members at the end of 2024 to 34. This figure is exclusive of the subsidiary companies of group members.

QSRMC continues to be recognised as the Gold Standard in the certification of ready mixed concrete and it remains the preferred third party certification scheme for producers in the UK.

QSRMC members recognise the benefits to themselves and to their customers of operating to the highest standards both for the control of risk to the product and to achieve customer satisfaction. There is also wide recognition of the value added to members' businesses by the constructive analyses and assessments conducted by QSRMC.

FINANCE AND RESOURCES

In budgeting for 2024 the Board was conscious that the general increase in inflation and the need to recruit additional staff as part of the succession plan would require an increase in Members' fees. However, the increase remained lower than the then rate of RPI inflation reflecting the Board's policy of reducing the real terms costs of QSRMC services.

The use of contracted assessors for both QSRMC and CPC operations continued to allow costs to be tightly controlled, which also assisted in ensuring that the programme was fulfilled.

Income from operations in 2024 was approximately 9% higher than in the previous year, while expenditure was 6% higher. The gross income generated in 2024 from our CPC/SpeCC business was approximately 24% higher than in 2023. Our combined CPC and SpeCC income for the year accounted for around 60% of turnover.

There was a net pre-tax deficit of £37,310 on our income and expenditure account for 2024. The retained reserves of the company as at 31 December 2024 have reduced to £178,923. The net book value of the fixed assets of the company at 31 December 2024 have decreased to £860. Details of the changes in fixed assets are given in the notes to the financial statements.

In setting the budget for 2025 the Board agreed that there would need to be an increase in Members' fees, reflecting the general increase in inflation. In agreeing the budget, the Board continues to aspire to its long term objective of reducing Members' fees in real terms and at the same time increasing the company's reserves to an acceptable level.

The Board is confident that its objective of maintaining the financial viability of the company will continue to be achieved and that the future trading position of the company remains satisfactory. In support of the Company's succession plan, recruitment of an accountant/financial controller is required.

The growth in the range of our services continues to place considerable demands on systems and staff both in the field and at head office. All staff are fully supportive of the need for flexibility in the provision of our services and have successfully accommodated the required changes to skills and processes.

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

In accordance with section 487 (2) of the Companies Act, a resolution proposing the re-appointment of HC & Co Limited as auditors to the company will be put to members at the next Annual General Meeting.

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:

P T Toplis - Director

15 December 2025

The directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

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

FIXED ASSETS

Tangible assets

4

860

928

CURRENT ASSETS

Debtors

5

441,040

542,050

Cash in hand

111,849

46,082

552,889

588,132

CREDITORS

Amounts falling due within one year

6

374,826

371,512

NET CURRENT ASSETS

178,063

216,620

TOTAL ASSETS LESS CURRENT LIABILITIES

178,923

217,548

RESERVES

Income and expenditure account

178,923

217,548

178,923

217,548

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 15 December 2025 and were signed on its behalf by:

P T Toplis - Director

1.	STATUTORY INFORMATION

Quality Scheme For Ready Mixed Concrete(THE) is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Revenue

Revenue is recognised at the fair value of the consideration received or receivable for services rendered in the normal course of business, and is shown net of VAT.Revenue is recognised over the period in which the services are provided.

Tangible fixed assets

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

Office furniture and equipment

-

25% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

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 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

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or non-current assets. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

The cost of providing benefits under defined benefit plans is determined separately for each plan using the projected unit credit method and is based on actuarial advice.

The change in the net defined benefit liability arising from employee service during the year is recognised as an employee cost. The cost of plan introductions, benefit changes, settlements and curtailments are recognised as an expense in measuring profit or loss in the period in which they arise.

The net interest element is determined by multiplying the net defined benefit liability by the discount rate, taking into account any changes in the net defined benefit liability during the period as a result of contribution and benefit payments. The net interest is recognised in profit or loss as other finance revenue or cost.

Remeasurement changes comprise actuarial gains and losses, the effect of the asset ceiling and the return on the net defined benefit liability excluding amounts included in net interest. These are recognised immediately in other comprehensive income in the period in which they occur and are not reclassified to profit and loss in subsequent periods.

The defined net benefit pension asset or liability in the balance sheet comprises the total for each plan of the present value of the defined benefit obligation (using a discount rate based on high quality corporate bonds), less the fair value of plan assets out of which the obligations are to be settled directly. Fair value is based on market price information, and in the case of quoted securities is the published bid price. The value of a net pension benefit asset is limited to the amount that may be recovered either through reduced contributions or agreed refunds from the scheme.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Office

furniture

Fixtures

and

and

Computer

equipment

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

14,583

7,410

11,087

33,080

Additions

-

-

593

593

Disposals

(11,431

)

(833

)

(7,682

)

(19,946

)

At 31 December 2024

3,152

6,577

3,998

13,727

DEPRECIATION

At 1 January 2024

14,583

7,410

10,159

32,152

Charge for year

-

-

661

661

Eliminated on disposal

(11,431

)

(833

)

(7,682

)

(19,946

)

At 31 December 2024

3,152

6,577

3,138

12,867

NET BOOK VALUE

At 31 December 2024

-

-

860

860

At 31 December 2023

-

-

928

928

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

as

restated

£

£

Trade debtors

302,485

367,653

Other debtors

-

350

Prepayments and accrued income

138,555

174,047

441,040

542,050

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

as

restated

£

£

Trade creditors

111,409

141,591

Tax

19,207

14,892

Social security and other taxes

93,929

73,760

Other creditors

70,423

85,693

Accruals and deferred income

79,858

55,576

374,826

371,512

7.	LEASING AGREEMENTS

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

31.12.24

31.12.23

as

restated

£

£

Within one year

69,482

41,539

Between one and five years

183,097

56,298

252,579

97,837

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

The Report of the Auditors was unqualified.

H Chudasama (Senior Statutory Auditor)

for and on behalf of HC & Co Limited

9.	PENSION COMMITMENTS

Defined contribution schemes

The company operates defined contribution pension schemes for all qualifying employees. The assets of the schemes are held separately from those of the company in independently administered funds.

The charge to profit and loss in respect of defined contribution schemes was £26,638 (2023: £36,706).

Defined benefit schemes

The company operated a defined benefit scheme for qualifying employees. The assets of the scheme were held separately from those of the company.The scheme closed to new entrants at the end of February 2003. The Trustees of the scheme have purchased annuity policies for all members of the scheme. There are no longer any active members.

10.	CONTINGENT LIABILITIES

In response to the legislation on Guaranteed Minimum Pension equalisation, the company may need to make an additional contribution to its defined benefit pension scheme. The company is of the opinion that based on the current information available, any amount payable would not be of material nature. The actual amount of the liability will be determined based on the legal opinion being obtained by the Trustees of the Pension Fund.

11.	PRIOR YEAR ADJUSTMENT

The company discovered that the accrued income has been inappropriately recorded in the financial statements for the prior reporting periods.The comparatives have been adjusted to correct the misstatement by restating each of the affected financial statement line items for the prior periods.The following table summarises the impacts on the financial statements.

01.01.23

31.12.23

£

£

Increase/(decrease) in accrued income

(5,850)

12,329

Increase/(decrease) in retained earnings

(5,850)

-

Increase in income

23,965

Increase in impairment of accrued income

11,636

12.	RELATED PARTY DISCLOSURES

Remuneration of key management personnel

The remuneration of key management personnel, who are also directors, is as follows.

31.12.24

31.12.23

£

£

Aggregate compensation

6,038

-

6,038

-

Other creditors includes unsecured and interest free advances of £70,000 (2023: £80,000) from the Company Secretary. Additionally, trade creditors included sums of £25,468 (2023: £13,351) owed to him.