REGISTERED NUMBER: 08446215 (England and Wales)

Group Strategic Report,

Report of the Directors and

Consolidated Financial Statements

for the Year Ended 31st March 2025

for

TOTAL PROTECTION (HOLDINGS)

LIMITED

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Consolidated Income Statement

10

Consolidated Other Comprehensive Income

11

Consolidated Balance Sheet

12

Company Balance Sheet

13

Consolidated Statement of Changes in Equity

14

Company Statement of Changes in Equity

15

Consolidated Cash Flow Statement

16

Notes to the Consolidated Cash Flow Statement

17

Notes to the Consolidated Financial Statements

19

DIRECTORS:

Mr M J Morley

Mr G J Raven

Mr C L Burton

SECRETARY:

Mr G J Raven

REGISTERED OFFICE:

Barrons Limited, Monometer House

Rectory Grove

Leigh on Sea

Essex

SS9 2HL

REGISTERED NUMBER:

08446215 (England and Wales)

AUDITORS:

CBHC (Audit) Limited Statutory Auditors

Suite 3, First Floor

Steeple House

Church Lane

Chelmsford

Essex

CM1 1NH

Fair review of the business and development

The board are pleased to report a strong year of activity for 2024/25 after a relatively stable 2023/24. Group turnover was up 20%. Trading conditions were challenging with site accessibility being unpredictable at times.

To be able to continue to support high levels of activity in difficult conditions demonstrates the robustness of our Group management operations and of our skilled and dedicated teams who have been so loyal and supportive of the challenges they have had to embrace to support project delivery at the reported levels. We owe a huge debt of gratitude to all involved.

Our Group ethos is founded upon delivering exemplary standards of service to our clients whatever the challenges, and we remained committed to that aspiration throughout this year. Past commitments to customer service was occasionally at the expense of profitability, we feel that such service commitment is starting to pay longer term dividends as our returning customer base continues to grow and customer exposure to more areas of our group offering continues to rise, resulting in the improved results for the year.

TP Contracting Services Ltd the recently established main contractor group company embodies the "group ethos" better than any others. Its offering of a "one stop shop" main contractor service for customers for smaller multi-discipline projects under £6m which utilises the range of services we offer in house as well as make use of our extensive network of sub-contractors is really gathering momentum. Its business went from strength to strength in the year with a 345% increase in turnover and more importantly post year end it has secured contracts that will potentially secure triple digit turnover growth again in 2025/26.

Our Landscaping division maintained its strong activity levels from the previous year with turnover up 37% on the prior year. Client led site delays were an issue throughout the end of the year which provided a challenging environment in which to operate as efficiently as we would like and whilst all worked incredibly hard to meet our clients deadlines this did result in a slight profit deterioration. The order book for 2025/6 is very strong and our repeat customer base is developing well, further turnover growth is forecast for next year.

Our Painting Solutions business experienced a fall 21% in year on year sales, customer activity was steady however we made the business decision to streamline our customer base to shed customers that had caused us profitability issues in the past. Profitability improved on the prior year as a result. The East Anglia Painting subsidiary business had a slight fallback in sales volume, however, its retained its profitability through improved cost control. Our current order book indicates strong activity levels in 2025/26 for both entities.

The Fire and Sealing business experienced a 56% increase in its turnover year on year. The growth in its Fire surveys division was maintained. However, rapid growth elsewhere in the division did come at the expense of profitability as in hindsight its pursuit of customer satisfaction lead to taking on work that was too geographically spread to manage as effectively as we would have liked, consequently, profitability suffered. Its order book for 2025/6 is strong although we anticipate slightly lower turnover as we look to manage our geographical spread more effectively.

In a bid to provide a more conjoined offering to our clients our long-standing Great Britain (Resin) business absorbed the trade of our MMA flooring and our liquid roofing businesses in the year to form the TP Surfacing & Coatings business. Consequently, turnover grew 232% in the combined company and we look forward to achieving the efficiency gains from cross training and multiskilling our workforce in 2025/26.

The Board are extremely pleased that the "TP Group" branding has successfully exposed more customers to the wide range of solutions we can offer them. Numerous projects undertaken in the year involved more than one of our services, some using as many as four. Customer reaction to this has been very positive and the benefit they are seeing in placing more areas of their build under the "TP Group" banner.

The 2025/26 year to date has been strong and growth in group turnover and margins in the first half of the year has been experienced. The investment we have made in our team of service operatives is enabling us to deal with increased levels of turnover in a more efficient way whilst maintaining the quality of work that we are known for. At the date of reporting, our forward order book is very strong and we are optimistic of comfortably exceeding our financial results posted in 2024/25 which The Board believes would be a fantastic achievement.

Principle risks and uncertainties

The group's operations will expose it to a variety of financial risks that include completion, interest rate risk and credit risks. The group has in place a risk management programme that seeks to limit the adverse effects on the financial performance of the group.

The Group continues to operate within the facilities it has in place with Barclays bank and the directors consider that the renewal of the bank facilities will not be problematic. The Group monitors its cashflow on a daily basis and doesn't use complicated financial instruments.

The Group's credit risk is managed by running credit checks on customers and by monitoring payments against terms and credit levels against agreed limits.

Key Performance indicators

A number of key financial and non-financial performance indicators are used to monitor the business. Monthly review of management accounts against budget is used and performance indicators such as contract margins and overhead analysis are monitored closely. Non-financial performance measures are also used, such as Employee morale, health and safety monitoring and customer feedback.

ON BEHALF OF THE BOARD:

Mr M J Morley - Director

23rd December 2025

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

DIVIDENDS

The total distribution of dividends for the year ended 31st March 2025 will be £ 255,121 .

DIRECTORS

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

Mr M J Morley

Mr G J Raven

Mr C L Burton

STATEMENT OF DIRECTORS' RESPONSIBILITIES

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 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 judgments and accounting estimates that are reasonable and prudent

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements

- 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 group'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 group's auditors are aware of that information.

AUDITORS

The auditors, CBHC (Audit) Limited Statutory Auditors, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr M J Morley - Director

23rd December 2025

Opinion

We have audited the financial statements of Total Protection (Holdings) Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31st March 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 31st March 2025 and of the group's 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 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 four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the 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:

We obtained an understanding of the legal and regulatory frameworks that are applicable to the entity through discussion with the company's management.

The entity's reporting framework relevant to the company is FRS 102 including the provisions of section 1A for small entities and the Companies Act 2006.

The entity is required to follow the employment legislation and laws, along with health and safety regulations. The entity has sufficient policies and procedures in place to ensure that these are complied with.

Based on the results of our risk assessment we designed our audit procedures to identify non-compliance with such laws and regulations above.

We made enquiries of those charged with compliance to determine any issues arising. We corroborated our findings by reviewing Board Minutes, correspondence with Companies House and reviewing any necessary legal documentation. Nothing was noted that contradicted the explanations given to us.

Financial Statement disclosures were tested for completeness.

We assessed the risks of material misstatement in respect of fraud as being low due to the nature of the business. We made enquires relating to fraud with the company's management.

We considered the risk of fraud through management override and, in response, we incorporated testing of manual journals throughout the year and reviewed any unusual transactions throughout our audit.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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.

Ian Harris FCA (Senior Statutory Auditor)

for and on behalf of CBHC (Audit) Limited Statutory Auditors

Suite 3, First Floor

Steeple House

Church Lane

Chelmsford

Essex

CM1 1NH

24th December 2025

TURNOVER

38,354,959

31,889,008

Cost of sales

30,273,110

23,926,903

GROSS PROFIT

8,081,849

7,962,105

Administrative expenses

7,495,962

6,954,459

OPERATING PROFIT

4

585,887

1,007,646

Interest receivable and similar income

92,719

78,979

678,606

1,086,625

Interest payable and similar expenses

5

143,024

155,203

PROFIT BEFORE TAXATION

535,582

931,422

Tax on profit

6

158,609

263,778

PROFIT FOR THE FINANCIAL YEAR

376,973

667,644

Profit attributable to:

Owners of the parent

284,587

578,134

Non-controlling interests

92,386

89,510

376,973

667,644

PROFIT FOR THE YEAR

376,973

667,644

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

376,973

667,644

Total comprehensive income attributable to:

Owners of the parent

284,588

578,135

Non-controlling interests

92,385

89,509

376,973

667,644

FIXED ASSETS

Intangible assets

10

13,821

15,858

Tangible assets

11

2,149,726

2,228,730

Investments

12

-

-

2,163,547

2,244,588

CURRENT ASSETS

Stocks

13

2,002,699

1,257,617

Debtors

14

12,370,780

9,365,176

Cash at bank and in hand

222,083

5,462

14,595,562

10,628,255

CREDITORS

Amounts falling due within one year

15

11,257,221

7,057,726

NET CURRENT ASSETS

3,338,341

3,570,529

TOTAL ASSETS LESS CURRENT LIABILITIES

5,501,888

5,815,117

CREDITORS

Amounts falling due after more than one year

16

(748,337

)

(1,045,515

)

PROVISIONS FOR LIABILITIES

20

(145,565

)

(143,420

)

NET ASSETS

4,607,986

4,626,182

CAPITAL AND RESERVES

Called up share capital

21

102

102

Retained earnings

22

3,856,951

3,827,485

SHAREHOLDERS' FUNDS

3,857,053

3,827,587

NON-CONTROLLING INTERESTS

750,933

798,595

TOTAL EQUITY

4,607,986

4,626,182

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

Mr M J Morley - Director

FIXED ASSETS

Intangible assets

10

-

-

Tangible assets

11

1,180,154

1,199,462

Investments

12

187,890

187,890

1,368,044

1,387,352

CURRENT ASSETS

Debtors

14

113,792

309,241

Cash at bank and in hand

300

107

114,092

309,348

CREDITORS

Amounts falling due within one year

15

289,459

337,622

NET CURRENT LIABILITIES

(175,367

)

(28,274

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,192,677

1,359,078

CREDITORS

Amounts falling due after more than one year

16

(602,743

)

(763,026

)

PROVISIONS FOR LIABILITIES

20

(16,091

)

(20,918

)

NET ASSETS

573,843

575,134

CAPITAL AND RESERVES

Called up share capital

21

102

102

Retained earnings

22

573,741

575,032

SHAREHOLDERS' FUNDS

573,843

575,134

Company's profit for the financial year

253,830

426,100

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

Mr M J Morley - Director

Called up

share

Retained

Non-controlling

Total

capital

earnings

Total

interests

equity

£

£

£

£

£

Balance at 1st April 2023

102

3,450,267

3,450,369

807,595

4,257,964

Changes in equity

Dividends

-

(200,916

)

(200,916

)

(98,509

)

(299,425

)

Total comprehensive income

-

578,134

578,134

89,509

667,643

Balance at 31st March 2024

102

3,827,485

3,827,587

798,595

4,626,182

Changes in equity

Dividends

-

(255,121

)

(255,121

)

(140,047

)

(395,168

)

Total comprehensive income

-

284,587

284,587

92,385

376,972

Balance at 31st March 2025

102

3,856,951

3,857,053

750,933

4,607,986

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1st April 2023

102

349,848

349,950

Changes in equity

Dividends

-

(200,916

)

(200,916

)

Total comprehensive income

-

426,100

426,100

Balance at 31st March 2024

102

575,032

575,134

Changes in equity

Dividends

-

(255,121

)

(255,121

)

Total comprehensive income

-

253,830

253,830

Balance at 31st March 2025

102

573,741

573,843

Cash flows from operating activities

Cash generated from operations

1

1,350,915

1,166,752

Interest paid

(106,570

)

(133,708

)

Interest element of hire purchase payments paid

(36,454

)

(21,495

)

Tax paid

(9,200

)

(72,330

)

Net cash from operating activities

1,198,691

939,219

Cash flows from investing activities

Purchase of tangible fixed assets

(197,187

)

(392,847

)

Sale of tangible fixed assets

74,863

130,718

Interest received

92,719

78,979

Net cash from investing activities

(29,605

)

(183,150

)

Cash flows from financing activities

Loan repayments in year

(336,764

)

(320,684

)

Capital repayments in year

(133,004

)

(200,078

)

Amount withdrawn by directors

50,753

58,904

Equity dividends paid

(255,121

)

(200,916

)

Dividends paid to minority interests

(140,047

)

(98,510

)

Net cash from financing activities

(814,183

)

(761,284

)

Increase/(decrease) in cash and cash equivalents

354,903

(5,215

)

Cash and cash equivalents at beginning of year

2

(132,820

)

(127,605

)

Cash and cash equivalents at end of year

2

222,083

(132,820

)

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

as restated

£

£

Profit before taxation

535,582

931,422

Depreciation charges

353,605

351,787

Profit on disposal of fixed assets

(24,261

)

(73,806

)

Finance costs

143,024

155,203

Finance income

(92,719

)

(78,979

)

915,231

1,285,627

Increase in stocks

(745,082

)

(24,987

)

Increase in trade and other debtors

(3,005,604

)

(452,426

)

Increase in trade and other creditors

4,186,370

358,538

Cash generated from operations

1,350,915

1,166,752

2.	CASH AND CASH EQUIVALENTS

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

Year ended 31st March 2025

31.3.25

1.4.24

£

£

Cash and cash equivalents

222,083

5,462

Bank overdrafts

-

(138,282

)

222,083

(132,820

)

Year ended 31st March 2024

31.3.24

1.4.23

as restated

£

£

Cash and cash equivalents

5,462

34,930

Bank overdrafts

(138,282

)

(162,535

)

(132,820

)

(127,605

)