REGISTERED NUMBER: 09734578 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 March 2025

for

Huyton Asphalt Civils Ltd

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Statement of Comprehensive Income

8

Statement of Financial Position

9

Statement of Changes in Equity

10

Statement of Cash Flows

11

Notes to the Statement of Cash Flows

12

Notes to the Financial Statements

13

DIRECTORS:

A M Carney

J Blennerhassett

S Walker

REGISTERED OFFICE:

Cunard Building

Water Street

Liverpool

Merseyside

L3 1EG

REGISTERED NUMBER:

09734578 (England and Wales)

AUDITORS:

DJH Audit Limited

Statutory Auditor

3rd Floor Pacific Chambers

11-13 Victoria Street

Liverpool

Merseyside

L2 5QQ

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

FAIR REVIEW OF THE BUSINESS

The Directors consider the Company's performance during the year, its financial position at the end of the year, and its future prospects to be satisfactory. The year's turnover has increased due to acquiring new clients and diversifying work streams.

PRINCIPAL RISKS AND UNCERTAINTIES

The principal business risks affecting the Company is the availability of specialist plant and machinery, along with skilled labour shortage.

FINANCIAL KEY PERFORMANCE INDICATORS

Given the straightforward nature of the business, the Company's directors believe that analysis using key indicators is not necessary to understand the business's development, performance, and position.

EMPLOYEES AND WELFARE

96% of our workforce resides within the Liverpool City Region, which positively impacts the local economy, working to strengthen the local pound. We are proud to be creating a diverse and inclusive workforce and inspiring young women into construction.

SUPPLY CHAIN

The Company assesses all our supply chain partners at the initial enquiry stage, ensuring they are suitably competent to deliver the work and have the capacity, capability, and financial security to safeguard continuity, utilising the local supply chain where possible.

ENVIRONMENTAL MANAGEMENT

This year, we continued to strengthen our environmental management systems, ensuring compliance with legislation and industry best practices. We remain committed to reducing waste, minimising pollution, and promoting resource efficiency across all operations. By embedding environmental awareness into our processes and workforce training, we ensure that protecting the environment remains a core focus of our business. Environmental Management arrangements are subject to ongoing and periodic review to ensure the adequacy of the provision and the applicability of the Policy and associated arrangements.

SUSTAINABILITY POLICY

Our approach to sustainability is rooted in creating long-term value by balancing environmental responsibility, social impact, and economic performance. This year, we have prioritised initiatives that champion innovation and consider sustainability at every stage of project delivery. By working closely with our supply chain, clients, and communities, we aim to deliver outcomes that not only meet but exceed industry expectations. Our Sustainability Policy Statement underscores the Company's commitment to making sustainability paramount to of all our business activities. Through robust planning, careful execution of our operations, and alignment with our integrated management system and regulatory frameworks, we ensure that sustainability remains at the heart of our operations.

CARBON REDUCTION POLICY

The Company is committed to reducing carbon emissions across all aspects of our operations. We have carefully considered the scope and range of our activities, leading to the creation of a cumulative pathway to net zero through our 'Time For Change' strategy. Our goal is to reduce emissions within our direct control by 50% by 2030 , and net zero for all scopes by 2040. This strategy outlines specific goals for each business unit, focusing on priority areas such as reducing energy consumption, enhancing operational efficiency, introducing renewable energy sources, and reducing reliance on offsets. Achieving re-accreditation to PAS2080 this year reinforces our commitment to carbon management through collaboration and innovation. Practical measures such as solar-PV generator trials, switching to HVO fuels, and utilising low-carbon products such as HALO warm mix asphalt, has delivered tangible progress towards decarbonising our operations.

ON BEHALF OF THE BOARD:

A M Carney - Director

23 December 2025

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of a civil engineering contractor.

DIVIDENDS

The directors recommended and paid dividends of £193,398 (2024: £943,133).

FUTURE DEVELOPMENTS

The directors are satisfied with the result for the year and are positive for the future, based on the ongoing improvement initiatives with the business.

DIRECTORS

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

A M Carney

J Blennerhassett

S Walker

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.

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.

AUDITORS

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

ON BEHALF OF THE BOARD:

A M Carney - Director

23 December 2025

Opinion

We have audited the financial statements of Huyton Asphalt Civils Ltd (the 'company') for the year ended 31 March 2025 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the 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 company's affairs as at 31 March 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

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

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

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

Other information

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

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

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

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

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

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

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

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

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

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

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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

Auditors' responsibilities for the audit of the financial statements

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

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

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.

We assessed the susceptibility of the company's financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the company engagement team included:

-

Identifying and assessing the design effectiveness of controls management has in place to prevent

and detect fraud;

-

Understanding how those charged with governance considered and addressed the potential for

override of controls or other inappropriate influence over the financial reporting process;

-

Reviewing financial statements disclosures and testing to supporting documentation to assess

compliance with applicable law and regulations;

-

Challenging assumptions and judgements made by management in its significant accounting

estimates,in particular:

-

Depreciation of fixed assets - we carried out a review and recalculation of depreciation

of fixed assets , and reviewed the estimates of useful economic lives of assets,

-

Tax provisions - we carried out a review and recalculation of tax provisions to assess its

appropriateness for inclusion within the financial statements;

-

Prepayments- we carried out a review and recalculation of prepayments to assess its

appropriateness for inclusion within the financial statements;

-

Accruals - we carried out a review and recalculation of accruals to assess its appropriateness for

inclusion within the financial statements;

-

Identifying and testing journal entries, in particular any journal entries posted with unusual account

combinations.

Our audit did not identify any significant matters relating to the detection of irregularities including fraud. However, despite the audit being planned and conducted in accordance with ISAs (UK) there remains an unavoidable risk that material misstatements in the financial statements may not be detected owing to inherent limitations of the audit, and that by their very nature, any such instances of fraud or irregularity likely involve collusion, forgery, intentional misrepresentations, or the override of internal controls.

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.

Michael Forshaw FCA (Senior Statutory Auditor)

for and on behalf of DJH Audit Limited

Statutory Auditor

3rd Floor Pacific Chambers

11-13 Victoria Street

Liverpool

Merseyside

L2 5QQ

23 December 2025

TURNOVER

4

33,942,463

33,888,452

Cost of sales

31,186,521

29,899,222

GROSS PROFIT

2,755,942

3,989,230

Administrative expenses

1,328,388

1,636,374

1,427,554

2,352,856

Other operating income

86,041

-

OPERATING PROFIT

6

1,513,595

2,352,856

Interest receivable and similar income

22,853

65,696

1,536,448

2,418,552

Interest payable and similar expenses

7

34,093

27,483

PROFIT BEFORE TAXATION

1,502,355

2,391,069

Tax on profit

8

384,968

494,475

PROFIT FOR THE FINANCIAL YEAR

1,117,387

1,896,594

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,117,387

1,896,594

FIXED ASSETS

Tangible assets

10

1,547,674

1,145,058

CURRENT ASSETS

Stocks

11

7,153

15,220

Debtors

12

10,818,790

11,860,127

Cash at bank and in hand

4,796,848

5,504,051

15,622,791

17,379,398

CREDITORS

Amounts falling due within one year

13

7,473,931

9,811,555

NET CURRENT ASSETS

8,148,860

7,567,843

TOTAL ASSETS LESS CURRENT LIABILITIES

9,696,534

8,712,901

CREDITORS

Amounts falling due after more than one year

14

(201,990

)

(257,612

)

PROVISIONS FOR LIABILITIES

16

(326,289

)

(211,023

)

NET ASSETS

9,168,255

8,244,266

CAPITAL AND RESERVES

Called up share capital

17

100

100

Retained earnings

18

9,168,155

8,244,166

SHAREHOLDERS' FUNDS

9,168,255

8,244,266

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

A M Carney - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2023

100

7,290,704

7,290,804

Changes in equity

Dividends

-

(943,132

)

(943,132

)

Total comprehensive income

-

1,896,594

1,896,594

Balance at 31 March 2024

100

8,244,166

8,244,266

Changes in equity

Dividends

-

(193,398

)

(193,398

)

Total comprehensive income

-

1,117,387

1,117,387

Balance at 31 March 2025

100

9,168,155

9,168,255

Cash flows from operating activities

Cash generated from operations

1

856,459

1,650,119

Interest element of finance lease payments paid

(34,093

)

(27,483

)

Tax paid

(479,357

)

(143,654

)

Net cash from operating activities

343,009

1,478,982

Cash flows from investing activities

Purchase of tangible fixed assets

(798,938

)

(493,568

)

Sale of tangible fixed assets

32,540

10,500

Interest received

22,853

65,696

Net cash from investing activities

(743,545

)

(417,372

)

Cash flows from financing activities

Capital repayments in year

(113,269

)

(33,071

)

Equity dividends paid

(193,398

)

(943,132

)

Net cash from financing activities

(306,667

)

(976,203

)

(Decrease)/increase in cash and cash equivalents

(707,203

)

85,407

Cash and cash equivalents at beginning of year

2

5,504,051

5,418,644

Cash and cash equivalents at end of year

2

4,796,848

5,504,051

1.	RECONCILIATION OF PROFIT FOR THE FINANCIAL YEAR TO CASH GENERATED FROM OPERATIONS

31.3.25

31.3.24

£

£

Profit for the financial year

1,117,387

1,896,594

Depreciation charges

396,323

291,554

Profit on disposal of fixed assets

(32,540

)

(10,500

)

Taxation

-

(34,505

)

Finance costs

34,093

27,483

Finance income

(22,853

)

(65,696

)

Taxation

384,968

494,475

1,877,378

2,599,405

Decrease/(increase) in stocks

8,067

(6,715

)

Decrease/(increase) in trade and other debtors

1,041,336

(4,481,804

)

(Decrease)/increase in trade and other creditors

(2,070,322

)

3,539,233

Cash generated from operations

856,459

1,650,119

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 31 March 2025

31.3.25

1.4.24

£

£

Cash and cash equivalents

4,796,848

5,504,051

Year ended 31 March 2024

31.3.24

1.4.23

£

£

Cash and cash equivalents

5,504,051

5,418,644

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.24

Cash flow

At 31.3.25

£

£

£

Net cash

Cash at bank and in hand

5,504,051

(707,203

)

4,796,848

5,504,051

(707,203

)

4,796,848

Debt

Finance leases

(608,519

)

113,269

(495,250

)

(608,519

)

113,269

(495,250

)

Total

4,895,532

(593,934

)

4,301,598

1.	STATUTORY INFORMATION

Huyton Asphalt Civils 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 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" 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 £.

Turnover

Revenue is recognised to the extent that is it probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised.

Rendering of services

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

-

The amount of revenue can be measured reliably;

-

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

-

The stage of completion of the contract at the end of the reporting period can be measured reliably; and

-

The costs incurred and the costs to complete the contract can be measured reliably

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost

Motor vehicles

-

20% on cost

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. the impairment loss is recognised immediately in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Operating glassed: the company as lessee

Rentals paid under operating leases are charges to the profit or loss on a straight line basis over the lease term.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme for its employees. A defined contribution is a pension plan under which the Company pays fixed contributions into a separate. Once the contributions have been paid by the Company company has no further obligations.

The contributions are recongised as an expenses in profit and loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Finacnial Position. The assets of the plan are held separately from the company in indemnity

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 house. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to now amounts of cash with insignificant risk of change in value.

In the statement of cash flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Company's cash management.

Creditors

Short term creditors are measured that the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest rate method.

Provisions for liabilities

Provisions are made were an event has taken place that gives the Company a legal or constructive obligation that probably require settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit or loss in the year that the COmpany becomes aware of the obligation, and are measured at the best estimate at the Statement of Financial Position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When pavements are eventually made, they are charged to the provision carried in the statement of financial position.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loan from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of cash or other consideration expected to be paid or received. However, if the arrangement of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cashflows discounted at market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment s found, an impairment loss is recognised in the statement of comprehensive income.

3.	CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

No significant judgements have been made by the management in preparing these financial statements.

4.

TURNOVER

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

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

31.3.25

31.3.24

£

£

Sales

33,942,463

33,888,452

33,942,463

33,888,452

All turnover arose within the United Kingdom.

5.	EMPLOYEES AND DIRECTORS

31.3.25

31.3.24

£

£

Wages and salaries

5,801,365

5,684,054

Social security costs

94,466

132,179

Other pension costs

49,471

58,431

5,945,302

5,874,664

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

31.3.25

31.3.24

Head Office

21

20

Operations

89

87

Plant

2

2

112

109

31.3.25

31.3.24

£

£

Directors' remuneration

174,022

158,311

6.	OPERATING PROFIT

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

31.3.25

31.3.24

£

£

Depreciation - owned assets

162,296

110,963

Depreciation - assets on finance leases

234,026

180,591

Profit on disposal of fixed assets

(32,540

)

(10,500

)

Auditors' remuneration

8,400

10,000

7.

INTEREST PAYABLE AND SIMILAR EXPENSES

31.3.25

31.3.24

£

£

Hire purchase

34,093

27,483

8.

TAXATION

Analysis of the tax charge

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

31.3.25

31.3.24

£

£

Current tax:

UK corporation tax

269,702

479,365

Deferred tax

115,266

15,110

Tax on profit

384,968

494,475

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:

31.3.25

31.3.24

£

£

Profit before tax

1,502,355

2,391,069

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

375,589

597,767

Effects of:

Expenses not deductible for tax purposes

9,379

20,748

Income not taxable for tax purposes

(8,135

)

-

Capital allowances in excess of depreciation

(107,131

)

(12,414

)

Adjustment in research and development tax credit prior year

-

(126,737

)

Deferred tax adjustment

115,266

15,111

Total tax charge

384,968

494,475

9.

DIVIDENDS

31.3.25

31.3.24

£

£

Ordinary shares of £1 each

Final

193,398

943,132

10.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2024

808,270

1,341,533

2,149,803

Additions

70,914

728,024

798,938

Disposals

(27,000

)

(162,803

)

(189,803

)

At 31 March 2025

852,184

1,906,754

2,758,938

DEPRECIATION

At 1 April 2024

369,505

635,240

1,004,745

Charge for year

136,834

259,488

396,322

Eliminated on disposal

(27,000

)

(162,803

)

(189,803

)

At 31 March 2025

479,339

731,925

1,211,264

NET BOOK VALUE

At 31 March 2025

372,845

1,174,829

1,547,674

At 31 March 2024

438,765

706,293

1,145,058