REGISTERED NUMBER: 03475627 (England and Wales)

Randalls (Holdings) Limited

Group Strategic Report,

Report of the Directors and

Consolidated Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

5

Report of the Independent Auditors

8

Consolidated Income Statement

12

Consolidated Other Comprehensive Income

13

Consolidated Statement of Financial Position

14

Company Statement of Financial Position

15

Consolidated Statement of Changes in Equity

16

Company Statement of Changes in Equity

17

Consolidated Statement of Cash Flows

18

Notes to the Consolidated Statement of Cash Flows

19

Notes to the Consolidated Financial Statements

20

DIRECTORS:

M Randall

H L John

M J Sheppard

SECRETARY:

C Randall

REGISTERED OFFICE:

Unit 2 Cwmdraw Industrial Estate

Newtown

Ebbw Vale

NP23 5AE

REGISTERED NUMBER:

03475627 (England and Wales)

AUDITORS:

Xeinadin Audit Limited

Chartered Accountants

& Statutory Auditors

Suite 2d

Building 1 Eastern Business Park

St Mellons

Cardiff

South Glamorgan

CF3 5EA

The directors present their strategic report of the company and the group for the year ended 31 March 2025.

REVIEW OF BUSINESS

The annexed financial statements indicate the results for the year along with the financial standing and accounting details of the company.

Randalls Holdings Limited

The company is the parent company of a group of companies, which includes four trading companies, to which it provides management consultancy services.

Randalls Civils Limited

The company continues to operate as a building contractor and consultant to the commercial sector for projects such as care homes, factories and housing associations within South Wales. The workload of the company is dependant on the release of projects by the main building contractors within South Wales.

The company has suffered a significant drop in turnover in the current year, this is due to a drop in market demand, along with delays in contracts commencing.

The company's key performance indicator of the effectiveness of its operations is gross profit margin, the directors continue to improve efficiencies within the company where possible.

2025

2024

2023

£'000000

£'000000

£'000000

Turnover

14,133

20,380

15,013

Turnover Growth

(30.65%

)

35.75%

20.23%

Gross profit margin

19.56%

10.68%

15.20%

Net profit margin

6.44%

1.38%

4.42%

The long term goal of the company is to increase turnover and profitability whilst maintaining its reputation and financial decision making. The company's management team continue to monitor the wider economic climate and respond proactively.

Randalls (Groundworks) Limited

The company continues to operate as a groundwork contractor to major UK house builders within the South Wales region. The company's revenue decreased by 30.80% to £14.4m (2024: £20.8m). During the year, the company had a number of contracts coming to and end however, the company had been awarded new contracts with an average length of three years, the company continues to successfully tender for new contracts post year end. Gross profits margins have improved this year as a result of efficiencies within the company..

The company continued to employ strong personnel with reputable backgrounds, this policy along with other business strategies taken by the directors, ensured that the company has a strong platform to build upon. It is in the view of the directors that the company ended the year with the necessary structure and resources to continue.

The company's key performance indicators of the effectiveness of its operations is both the gross and net profit margin, the directors continues to improve efficiencies within the company.

2025

2024

2023

£'000000

£'000000

£'000000

Turnover

14,378

20,777

17,394

Turnover growth

(30.80%

)

19.45%

27.24%

Gross profit margin

9.59%

7.44%

9.02%

Profit before tax

£238,392

£291,970

£528,116

The long term goal of the company is to increase turnover and profitability whilst maintaining its reputation and financial decision making. The company has continued to invest within the group, with investment in fixed assets, its employees, training and improvement of IT systems, this approach as resulted in an increase in the company's net profit margin

The company has maintained a strong balance sheet, with cash reserves healthy at all times. Bad debt is very low, and risk is subsequently a lot lower than the construction industry as a whole, due to reputable client base and the company's business plan.

RGW Plant Limited

RGW Plant Limited operates as a hire company, providing equipment and vehicles to the operating subsidiaries within the group. The company continually monitors group requirements for plant and machinery and vehicles and invests in the fleet accordingly. The liquidity and reserves of the company are both strong. Together with good relationships with suppliers, this puts the company in an excellent position to make the most of business opportunities that arise in the new financial year.

Randalls Properties Limited

Randalls Properties Limited was dormant during the year.

Randalls Resources Limited

Randalls Resources Limited was dormant during the year.

A1 Waste Management Limited

A1 Waste Management Limited ia a waste management company which the group acquired during the previous year. This aquisition allows the group to manage their waste products effectively resulting in an increase in recycling and is a positive addition to the group and its environmental obligations.

The company's key performance indicators of the effectiveness of its operations is both the gross and net profit margin.

2025

2024

2023

£'000000

£'000000

£'000000

Turnover

1.948

2,307

2,367

Gross profit margin

23.04%

29.43%

49.69%

(Loss)/Profit before tax

(£812,847

)

(£293,180

)

£484,621

PRINCIPAL RISKS AND UNCERTAINTIES

The group operates in a highly competitive market which is a continuing risk to the group and could result in losing sales to its key competitors. The group manages this risk by focusing on quality of service.

The group principle financial instruments comprise of bank balances, bank overdrafts, trade creditors, trade debtors, loans to the company and finance lease agreements. The group does not use derivative financial instruments for speculative purposes.

The group principal financial assets are bank balances, cash, trade and other receivables.

The group credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. The group has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.

In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the group uses a mixture of long term equity and short term debt finance and a mixture of factoring facilities and bank overdraft funding.

The directors are optimistic about the future prospects of the group as the much publicised shortage of housing in the country ensures demand for our services.

Labour shortages - the industry has experienced a record number of labour shortages and as such, is continuously high on the company's risk register. We have managed to deliver our services in line with client requirements, even through times of difficult recruitment periods. The group has a low turnover of staff in management positions, which maintains consistency in our workforce.

Inflation and material increases - consumer price inflation has continually increased, and like other sectors has hit the cost of materials, goods and services. The company has continued to negotiate terms and prices with supply chain and procured in bulk for economies of scale to reduce costs on high usage materials. The company's long term contracts have consumer price inflation increases built in and as such have worked with clients to apply these appropriately across the contracts. Any new contracts have been priced appropriately and where approvals are taking longer than expected, have been re-priced appropriately in line with the period inflation.

The directors are confident that the group has sufficient working capital to fund the business during these uncertain times.

RESEARCH AND DEVELOPMENT

The company is currently undertaking research and development to improve and develop on groundwork activities within the sector.

ON BEHALF OF THE BOARD:

M Randall - Director

10 December 2025

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

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of a groundwork contractor and consultants.

DIVIDENDS

The total distribution of dividends for the year ended 31 March 2025 will be £ 900,302 .

FUTURE DEVELOPMENTS

The board of directors and the senior management team have collectively implemented initiatives to achieve a sustainable future for the group. The directors continue to monitor each group company individually and also at group to level to ensure decisions made are beneficial for each of the companies and also the group as a whole.

We are confident that this multi-faceted approach to improve the businesses will place the group in a sustainable position for the future.

Randalls Civils Limited

The company actively tenders for development contracts and continues to be successful in being awarded new contracts. The company continues to invest in IT systems and its workforce.

Randalls (Groundworks) Limited

The company actively tenders for development contracts and continues to be successful in being awarded new contracts. The company continues to invest in IT systems and its workforce.

The board of directors and the senior management team have collectively implemented initiatives to achieve a sustainable future for the business. We continue to monitor our capital expenditure, liquidity, funding and financial risk management to ensure the company is well positioned to manage any future periods of uncertainty. We have in place procedures and policies to allow works to continue in a safe and efficient manner. The processes that we have in place provide a solid foundation and the directors are confident of continued successful growth.

During the year the group acquired a waste management company which compliments the activities of the group. This acquisition allows the group/company to manage its waste products effectively resulting in an increase in the recycling of the construction waste of the group/company.

We are confident that this multi-faceted approach to improve the business will place us in a sustainable position for the future.

RGW Plant Limited

The directors continue to review the requirements to hire plant and equipment and vehicles to its fellow group companies and in doing so adjust the company's assets accordingly.

Randalls Properties Limited

The company will remain dormant for the foreseeable future.

Randalls Resources Limited

The company will remain dormant for the foreseeable future.

A1 Waste Management Limited

During the previous year, the group acquired a waste management company which compliments the activities of the group. This acquisition allows the group to manage its waste products effectively resulting in an increase in the recycling of the construction waste of the group.

DIRECTORS

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

M Randall

H L John

M J Sheppard

FINANCIAL INSTRUMENTS

The group's principal financial instruments comprise of bank balances, bank overdrafts, trade creditors, trade debtors, loans to the company and finance lease agreements. The main purpose of these instruments is to raise funds for the company's operations and to finance the company's operations.

Due to the nature of the financial instruments used by the group there is no exposure to price risk. The group's approach to managing other risks applicable to the financial instruments concerned is shown below.

In respect of bank balances the liquidity risk is managed by maintaining a balance between the continuity of funding and flexibility through the use of overdrafts at floating rates of interest.

In respect of loans, these comprise loans from directors and bank loans. The interest rates on the directors loans are variable and repayable on demand. The interest on the bank loan is variable and the loan is repayable on demand.

The group is a lessee in respect of finance leased assets. The group manages the liquidity risk by ensuring there are sufficient funds to meet the payments.

Trade debtors are managed in respect of credit and cash flow risk by policies concerning the credit offered to customers and the regular monitoring of amounts outstanding for both time and credit limits. The group factors its debtors.

Trade creditors liquidity risk is managed by ensuring sufficient funds are available to meet amounts due.

DONATIONS

During the year the company made general charitable donations of £1,751.

EMPLOYMENT POLICIES

Group companies adopt employment policies best suited to their operations and in compliance with UK legislation. Personnel policies are designed to provide equal opportunities to all in accordance with the group policy. In particular, the employment of those who have become disabled is continued wherever possible and opportunities are provided for the recruitment, training and development of disabled people.

Directors and senior management are directly involved in regular management meetings in relation to the relevant companies and are therefore informed of the companies' activities and development. As a management team, they are responsible for the involvement and consultation of their relevant staff.

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DISCLOSURE IN THE STRATEGIC REPORT

Information relating to the group's exposure to key risks is given in the group's strategic report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group 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), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group 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 group'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 group's auditors are aware of that information.

AUDITORS

The auditors, Xeinadin Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

M Randall - Director

10 December 2025

Opinion

We have audited the financial statements of Randalls (Holdings) Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Statement of Financial Position, Company Statement of Financial Position, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Statement of Cash Flows and Notes to the Consolidated Statement of Cash Flows, 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 group's and of the parent company affairs as at 31 March 2025 and of the group's loss 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 group 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 group's and the parent 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 Group 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 Group 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 Group 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 group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company 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 six, 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 group's and the parent 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 group or the parent 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:

In identifying and assessing risks of material misstatement in respect of irregularities including fraud and non-compliance with laws and regulations we have considered the following:

-

The nature of the industry and sector, control environment and business performance including the company's

performance targets and tenders for new contracts;

-

Results of the enquiries of management about their own identification and assessment of the risks of

irregularities;

-

Any matters we have identified having obtained and reviewed the company's documentation of their

policies and procedures relating to:

--

identifying, evaluating and complying with laws and regulations and whether they were aware of any

instances of noncompliance;

--

detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected

or alleged fraud;

--

the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;

--

the matters discussed among the audit engagement team regarding how and where fraud might occur in

the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following areas: timing of recognition of income, provisions for foreseeable losses on contracts and value of stocks. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory frameworks that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included UK Companies Act, employment law, health and safety, pensions legislation and tax legislation.

As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK).

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty.

Audit response to risks identified

Our procedures to respond to risks identified included the following:

-

reviewing the financial statement disclosures and testing to supporting documentation to assess compliance

with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

-

enquiring of management concerning actual and potential litigation and claims;

-

performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of

material misstatement due to fraud;

-

reviewing correspondence with HMRC;

and

-

in addressing the risk of fraud through management override of controls, testing the appropriateness of journal

entries and other adjustments; assessing whether the judgements made in making accounting estimates are

indicative of a potential bias; and evaluating the business rationale of any significant transactions that are

unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members including internal specialists, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity's controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error.

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.

Catherine Ingram FCCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

Chartered Accountants

& Statutory Auditors

Suite 2d

Building 1 Eastern Business Park

St Mellons

Cardiff

South Glamorgan

CF3 5EA

11 December 2025

TURNOVER

30,459,448

36,621,942

Cost of sales

25,544,455

32,446,567

GROSS PROFIT

4,914,993

4,175,375

Administrative expenses

4,712,264

3,134,722

202,729

1,040,653

Other operating income

37,160

46,157

OPERATING PROFIT

6

239,889

1,086,810

Income from other participating interests

3,667

3,694

Interest receivable and similar income

20,631

58,216

24,298

61,910

264,187

1,148,720

Interest payable and similar expenses

7

123,004

112,311

PROFIT BEFORE TAXATION

141,183

1,036,409

Tax on profit

8

198,491

122,126

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(57,308

)

914,283

(Loss)/profit attributable to:

Owners of the parent

(57,308

)

914,283

(LOSS)/PROFIT FOR THE YEAR

(57,308

)

914,283

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(57,308

)

914,283

Total comprehensive income attributable to:

Owners of the parent

(57,308

)

914,283

FIXED ASSETS

Intangible assets

11

503,517

529,825

Tangible assets

12

3,947,264

3,103,991

Investments

13

-

-

Investment property

14

597,484

597,484

5,048,265

4,231,300

CURRENT ASSETS

Stocks

15

651,974

626,509

Debtors

16

5,295,755

7,653,739

Cash at bank and in hand

3,019,013

4,539,709

8,966,742

12,819,957

CREDITORS

Amounts falling due within one year

17

7,702,399

10,622,442

NET CURRENT ASSETS

1,264,343

2,197,515

TOTAL ASSETS LESS CURRENT LIABILITIES

6,312,608

6,428,815

CREDITORS

Amounts falling due after more than one year

18

(1,164,008

)

(733,875

)

PROVISIONS FOR LIABILITIES

23

(1,812,835

)

(1,401,565

)

NET ASSETS

3,335,765

4,293,375

CAPITAL AND RESERVES

Called up share capital

24

200

200

Other reserves

25

100,200

100,200

Retained earnings

25

3,235,365

4,192,975

SHAREHOLDERS' FUNDS

3,335,765

4,293,375

The financial statements were approved by the Board of Directors and authorised for issue on 10 December 2025 and were signed on its behalf by:

M Randall - Director

FIXED ASSETS

Intangible assets

11

-

-

Tangible assets

12

424,279

460,406

Investments

13

1,357,476

1,357,476

Investment property

14

597,484

597,484

2,379,239

2,415,366

CURRENT ASSETS

Debtors

16

699,958

511,089

Cash at bank and in hand

336,717

325,119

1,036,675

836,208

CREDITORS

Amounts falling due within one year

17

611,373

462,114

NET CURRENT ASSETS

425,302

374,094

TOTAL ASSETS LESS CURRENT LIABILITIES

2,804,541

2,789,460

CAPITAL AND RESERVES

Called up share capital

24

200

200

Retained earnings

2,804,341

2,789,260

SHAREHOLDERS' FUNDS

2,804,541

2,789,460

Company's profit for the financial year

915,383

1,314,875

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 10 December 2025 and were signed on its behalf by:

M Randall - Director

Called up

share

Retained

Other

Total

capital

earnings

reserves

equity

£

£

£

£

Balance at 1 April 2023

200

4,036,129

100,200

4,136,529

Changes in equity

Dividends

-

(757,437

)

-

(757,437

)

Total comprehensive income

-

914,283

-

914,283

Balance at 31 March 2024

200

4,192,975

100,200

4,293,375

Changes in equity

Dividends

-

(900,302

)

-

(900,302

)

Total comprehensive income

-

(57,308

)

-

(57,308

)

Balance at 31 March 2025

200

3,235,365

100,200

3,335,765

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2023

200

2,231,822

2,232,022

Changes in equity

Dividends

-

(757,437

)

(757,437

)

Total comprehensive income

-

1,314,875

1,314,875

Balance at 31 March 2024

200

2,789,260

2,789,460

Changes in equity

Dividends

-

(900,302

)

(900,302

)

Total comprehensive income

-

915,383

915,383

Balance at 31 March 2025

200

2,804,341

2,804,541

Cash flows from operating activities

Cash generated from operations

1

782,640

1,484,689

Interest paid

(8,645

)

(16,791

)

Interest element of hire purchase payments paid

(114,359

)

(95,519

)

Tax paid

(627,073

)

(38,863

)

Net cash from operating activities

32,563

1,333,516

Cash flows from investing activities

Acquisition of new company

-

(557,000

)

Purchase of tangible fixed assets

(291,243

)

(859,443

)

Sale of intangible fixed assets

4,695

-

Sale of tangible fixed assets

136,578

398,940

Sale of fixed asset investments

-

32,151

Interest received

24,298

53,932

Other interest received

-

7,978

Net cash from investing activities

(125,672

)

(923,442

)

Cash flows from financing activities

New loans in year

-

684,949

Loan repayments in year

(10,429

)

(268,099

)

Capital repayments in year

(1,143,210

)

(747,870

)

Amount introduced by directors

285,620

208,800

Amount withdrawn by directors

35,942

(100,000

)

Equity dividends paid

(900,302

)

(757,437

)

Net cash from financing activities

(1,732,379

)

(979,657

)

Decrease in cash and cash equivalents

(1,825,488

)

(569,583

)

Cash and cash equivalents at beginning of year

2

4,539,709

5,109,292

Cash and cash equivalents at end of year

2

2,714,221

4,539,709