REGISTERED NUMBER: 03345328 (England and Wales)

Report of the Directors and

Financial Statements for the Year Ended 30 April 2025

for

Advanced Demolition Ltd

Page

Company Information

1

Report of the Directors

2

Report of the Independent Auditors

3

Statement of Profit or Loss and Other Comprehensive Income

7

Statement of Financial Position

8

Statement of Changes in Equity

9

Statement of Cash Flows

10

Notes to the Statement of Cash Flows

11

Notes to the Financial Statements

12

DIRECTORS:

N A Bulkin

Q R Stewart

M A Stewart

SECRETARY:

Ms B Spacie

REGISTERED OFFICE:

Alpha 3 The Buntings

Cedars Park

Stowmarket

Suffolk

IP14 5GZ

REGISTERED NUMBER:

03345328 (England and Wales)

AUDITORS:

Knights Lowe Limited

Eldo House

Kempson Way

Suffolk Business Park

Bury St Edmunds

Suffolk

IP32 7AR

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

DIVIDENDS

No dividends will be distributed for the year ended 30 April 2025.

DIRECTORS

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

N A Bulkin

Q R Stewart

M A Stewart

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing 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 UK-adopted international accounting standards. 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, Knights Lowe Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Q R Stewart - Director

31 December 2025

Opinion

We have audited the financial statements of Advanced Demolition Ltd (the 'company') for the year ended 30 April 2025 which comprise the Statement of Profit or Loss and Other Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the 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 International Financial Reporting Standards (IFRSs) as adopted by the UK.

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 30 April 2025 and of its loss for the year then ended;

-	have been properly prepared in accordance with IFRSs as adopted by the UK; 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 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 Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Directors has 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 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 two, 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.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the companies operating sector;

- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation;

- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;

- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

- performed analytical procedures to identify any unusual or unexpected relationships;

- tested journal entries to identify unusual transactions;

- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias;

- investigated the rationale behind significant or unusual transactions; and

- specifically tested the used stock valuation including the used stock write-down provision, maintenance contracts, and the buy-back provision. These are areas requiring some level of management judgement and so could be susceptible to management bias.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation;

- reading the minutes of meetings of those charged with governance;

- enquiring of management as to actual and potential litigation and claims;

- reviewing correspondence with HMRC, relevant regulators [Scania for franchise purposes] and the company's legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion

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.

James Knights BSc FCA (Senior Statutory Auditor)

for and on behalf of Knights Lowe Limited

Eldo House

Kempson Way

Suffolk Business Park

Bury St Edmunds

Suffolk

IP32 7AR

7 January 2026

CONTINUING OPERATIONS

Revenue

2,582,749

2,376,836

Cost of sales

(1,892,502

)

(1,726,398

)

GROSS PROFIT

690,247

650,438

Other operating income

4,550

-

Distribution costs

-

(8,190

)

Administrative expenses

(737,421

)

(1,626,242

)

OPERATING LOSS

(42,624

)

(983,994

)

Finance costs

4

(6,466

)

(17,121

)

Finance income

4

42

1,603

LOSS BEFORE INCOME TAX

5

(49,048

)

(999,512

)

Income tax

6

32,196

5,420

LOSS FOR THE YEAR

(16,852

)

(994,092

)

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(16,852

)

Prior year adjustment

(185,124

)

TOTAL COMPREHENSIVE INCOME SINCE LAST ANNUAL REPORT

(1,179,216

)

ASSETS

NON-CURRENT ASSETS

Owned

Intangible assets

8

2,928

-

Property, plant and equipment

9

431,719

514,674

Right-of-use

434,647

514,674

CURRENT ASSETS

Inventories

10

156,497

-

Trade and other receivables

11

552,733

91,767

Cash and cash equivalents

12

5,074

124,119

714,304

215,886

LIABILITIES

CURRENT LIABILITIES

Trade and other payables

13

696,019

236,282

Financial liabilities - borrowings

Lease liabilities

14, 15

3,367

6,864

Tax payable

-

11,735

699,386

254,881

NET CURRENT ASSETS/(LIABILITI

14,918

(38,995

)

NON-CURRENT LIABILITIES

Financial liabilities - borrowings

Lease liabilities

14, 15

11,111

-

Deferred tax

16

96,723

117,096

107,834

117,096

NET ASSETS

341,731

358,583

SHAREHOLDERS' EQUITY

Called up share capital

17

2

2

Retained earnings

18

341,729

358,581

TOTAL EQUITY

341,731

358,583

The financial statements were approved by the Board of Directors and authorised for issue on 31 December 2025 and were signed on its behalf by:

Q R Stewart - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 May 2023

2

1,537,797

1,537,799

Prior year adjustment

-

(185,124

)

(185,124

)

As restated

2

1,352,673

1,352,675

Changes in equity

Total comprehensive income

-

(994,092

)

(994,092

)

Balance at 30 April 2024

2

358,581

358,583

Changes in equity

Total comprehensive income

-

(16,852

)

(16,852

)

Balance at 30 April 2025

2

341,729

341,731

Cash flows from operating activities

Cash generated from operations

1

12,224

(846,287

)

Interest paid

(5,512

)

(15,334

)

Lease interest paid

(954

)

(1,787

)

Tax paid

88

(241,696

)

Net cash from operating activities

5,846

(1,105,104

)

Cash flows from investing activities

Purchase of intangible fixed assets

(2,928

)

-

Purchase of tangible fixed assets

(69,619

)

(143,697

)

Sale of tangible fixed assets

-

113,863

Interest received

42

1,603

Net cash from investing activities

(72,505

)

(28,231

)

Cash flows from financing activities

New hire purchase agreements in year

18,269

-

Loan from group companies

(60,000

)

60,000

Payment of lease liabilities

(10,655

)

(45,016

)

Net cash from financing activities

(52,386

)

14,984

Decrease in cash and cash equivalents

(119,045

)

(1,118,351

)

Cash and cash equivalents at beginning of year

2

124,119

1,242,470

Cash and cash equivalents at end of year

2

5,074

124,119

1.	RECONCILIATION OF LOSS BEFORE INCOME TAX TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

Loss before income tax

(49,048

)

(999,512

)

Depreciation charges

152,574

64,849

Profit on disposal of fixed assets

-

(113,863

)

Finance costs

6,466

17,121

Finance income

(42

)

(1,603

)

109,950

(1,033,008

)

(Increase)/decrease in inventories

(156,497

)

46,740

(Increase)/decrease in trade and other receivables

(460,966

)

71,585

Increase in trade and other payables

519,737

68,396

Cash generated from operations

12,224

(846,287

)

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 30 April 2025

30.4.25

1.5.24

£

£

Cash and cash equivalents

5,074

124,119

Year ended 30 April 2024

30.4.24

1.5.23

£

£

Cash and cash equivalents

124,119

1,242,470

1.	STATUTORY INFORMATION

Advanced Demolition 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparation

These financial statements have been prepared in accordance with UK-adopted international accounting standards and with those parts of the Companies Act 2006 applicable to companies reporting under IFRS. The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period which the estimate is revised if the revision affects only that period, or in the period of revision and future periods if the revision affects both current and future periods.

The following are the critical judgements, including those involving estimations, that the directors have made in the process of applying the company's accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

Depreciation of tangible fixed assets

Tangible fixed assets are recognised at cost and depreciated over the basis appropriate to charge to the profit and loss account the economic consumption of those assets during the accounting period. The charge is calculated as described below and is based on the directors' knowledge of the reduction in the residual value of trading assets on average over the investment cycle of each class of asset. The rates of depreciation are kept under review such that assets are written down to residual value at the end of their economic lives.

Cash and cash equivalents

Cash represents cash in hand and deposits held on demand with financial institutions. Cash equivalents are short-term, highly-liquid investments with original maturities of three months or less (as at their date of acquisition). Cash equivalents are readily convertible to known amounts of cash and subject to an insignificant risk of change in that cash value.

In the presentation of the Statement of Cash Flows, cash and cash equivalents also include bank overdrafts. Any such overdrafts are shown within borrowings under ‘current liabilities’ on the Statement of Financial Position.

Intangible assets

Other intangible assets are measured at cost less any accumulated impairment losses.

Tangible fixed assets

Items of property, plant and equipment are measured at cost, which includes capitalised borrowing costs, leoncavallo depreciation and any accumulated impairment losses.

If significant parts of an item of property, plant and equipment have different useful lives, then they are

accounted for as separate items (major components) of property, plant and equipment.

Any gain or loss on disposal of an item of property, plant and equipment is recognised in profit or loss.

Subsequent expenditure is capitalised only if it is probable that the future economic benefits associated with

the expenditure will flow to the company. Maintenance expenditure is recognised in profit or loss.

Depreciation

Depreciation is calculated to write off the cost of items of property, plant and equipment less their estimated

residual values using the straight line method over their estimated useful lives, and is generally recognised in

profit or loss. Leased assets are depreciated over the shorter of the lease term and their useful lives unless it is

reasonably certain that the Company will obtain ownership by the end of the lease term.

Land is not depreciated, its holding value is reviewed annually.

The estimated useful lives of property, plant and equipment for current and comparative periods are as follows:

Land & freehold property - 25 years or expected life of the lease

Plant and machinery - 7 to 20 years straight line

Skips - 10 years straight line

Motor vehicles - 10 years straight line

Computer & office equipment - 3 to 5 years straight line

Inventories

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Taxation

Current taxes are based on the results shown in the financial statements and are calculated according to local tax rules, using tax rates enacted or substantially enacted by the statement of financial position date.

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

Leases

Leases are recognised as finance leases. The lease liability is initially recognised at the present value of the lease payments which have not yet been made and subsequently measured under the amortised cost method. The initial cost of the right-of-use asset comprises the amount of the initial measurement of the lease liability, lease payments made prior to the lease commencement date, initial direct costs and the estimated costs of removing or dismantling the underlying asset per the conditions of the contract.

Where ownership of the right-of-use asset transfers to the lessee at the end of the lease term, the right-of-use asset is depreciated over the asset’s remaining useful life. If ownership of the right-of-use asset does not transfer to the lessee at the end of the lease term, depreciation is charged over the shorter of the useful life of the right-of-use asset and the lease term.

Employee benefit costs

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

Turnover

Turnover represents the net value of delivery services supplied, excluding value added tax.

Going concern

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

3.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

521,092

525,569

Social security costs

54,245

85,353

Other pension costs

9,951

155,486

585,288

766,408

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

2025

2024

Directors

3

3

Employees

11

10

14

13

2025

2024

£

£

Directors' remuneration

11,889

119,669

4.	NET FINANCE COSTS

2025

2024

£

£

Finance income:

Bank account interest

42

1,603

Finance costs:

Bank interest

3,282

15,334

Bank charges

2,230

-

Hire purchase interest

954

1,787

6,466

17,121

Net finance costs

6,424

15,518

5.	LOSS BEFORE INCOME TAX

The loss before income tax is stated after charging/(crediting):

2025

2024

£

£

Cost of inventories recognised as expense

1,892,502

1,726,398

Leases

-

19,385

Depreciation - owned assets

152,574

60,023

Profit on disposal of fixed assets

-

(113,863

)

6.	INCOME TAX

Analysis of tax income

2025

2024

£

£

Current tax:

Corporation tax

(11,823

)

11,735

Deferred tax:

Accelerated capital allowances

(20,373

)

(18,673

)

Over provided in prior years

-

1,518

Total deferred tax

(20,373

)

(17,155

)

Total tax income in statement of profit or loss and other comprehensive income

(32,196

)

(5,420

)

7.	PRIOR YEAR ADJUSTMENT

On acquisition the carrying value of a number of fixed assets were written down to their recoverable value.

8.	INTANGIBLE ASSETS

Intangible

assets

£

COST

Additions

2,928

At 30 April 2025

2,928

NET BOOK VALUE

At 30 April 2025

2,928

9.	PROPERTY, PLANT AND EQUIPMENT

Land &

freehold

Plant and

property

machinery

Skips

£

£

£

COST

At 1 May 2024

7,489

456,932

400,950

Additions

3,606

30,239

-

At 30 April 2025

11,095

487,171

400,950

DEPRECIATION

At 1 May 2024

344

194,554

286,073

Charge for year

476

57,182

21,009

At 30 April 2025

820

251,736

307,082

NET BOOK VALUE

At 30 April 2025

10,275

235,435

93,868

At 30 April 2024

7,145

262,378

114,877

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 May 2024

425,147

2,072

1,292,590

Additions

33,995

1,779

69,619

At 30 April 2025

459,142

3,851

1,362,209

DEPRECIATION

At 1 May 2024

296,853

92

777,916

Charge for year

72,970

937

152,574

At 30 April 2025

369,823

1,029

930,490

NET BOOK VALUE

At 30 April 2025

89,319

2,822

431,719

At 30 April 2024

128,294

1,980

514,674

10.	INVENTORIES

2025

2024

£

£

Work-in-progress

156,497

-