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REGISTERED NUMBER: 06391233 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

FOR

ADEN CONTRACTING LIMITED

ADEN CONTRACTING LIMITED (REGISTERED NUMBER: 06391233) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Directors | 4 |

| Report of the Independent Auditors | 6 |

| Income Statement | 9 |

| Other Comprehensive Income | 10 |

| Balance Sheet | 11 |

| Statement of Changes in Equity | 12 |

| Cash Flow Statement | 13 |

| Notes to the Cash Flow Statement | 14 |

| Notes to the Financial Statements | 16 |

| ADEN CONTRACTING LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MAY 2025

| DIRECTORS: | Mrs S M Curtis

| Mr D Curtis

| Mr A S Webster

| SECRETARY: | Mr A S Webster

| REGISTERED OFFICE: | Aden Contracting Ltd

| Cambridge Road

| Bedford

| MK42 0LH

| REGISTERED NUMBER: | 06391233 (England and Wales)

| SENIOR STATUTORY AUDITOR: | Mr David Rawlinson FCA FCCA

| AUDITORS: | Rawlinson Pryde Limited

| Chartered Accountants and

| Statutory Auditors

| Argent House

| 5 Goldington Road

| Bedford

| Bedfordshire

| MK40 3JY

ADEN CONTRACTING LIMITED (REGISTERED NUMBER: 06391233) |

STRATEGIC REPORT

FOR THE YEAR ENDED 31 MAY 2025

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

REVIEW OF BUSINESS

The company operates in the construction industry and delivers contracts in the public and private sectors such as education, leisure, retail, and justice, mostly for tier one contractors.

The directors are pleased to report another successful year in what continues to be a challenging time for the construction industry. The hard work of the team ensures the company is as strong as ever heading towards its twentieth anniversary.

Although the turnover decreased by 12.51% in the year, it was still almost £2m higher than 2022. Despite the fall in turnover the gross profit margin increased by 1.17% and the net profit (after tax) margin only decreased by 1.53% from last year.

The company's liquidity ratio has increased from 1.63 in 2024 to 1.98 this year.

The company's orderbook for the coming year has been secured through competitive tenders with our main contractors, the highlight of which is the full groundworks package at the expansion of HMP Wayland.

The projects with the highest turnover in the year were:

Leighton Leisure Centre (Willmott Dixon) - new build leisure centre

Oxlow Bridge SEND School (Willmott Dixon) - new build teaching and learning facility

Northminster (Willmott Dixon) - external works at new build residential development

Tiffield SEN School (Willmott Dixon) - new build teaching and learning facility

Kingsland Leisure Centre (Morgan Sindall) - new build leisure centre

PRINCIPAL RISKS AND UNCERTAINTIES

Industry Risk

Construction is a higher risk, lower margin sector, with companies striving to win new contracts through a competitive tendering and negotiating process. We endeavour to retain a competitive edge to deliver value for our clients.

Inflationary Risk

Both labour and material prices can be volatile, which will impact margins. In order to mitigate this risk, the company has regular dialogue with our supply chain to monitor material prices. Where possible, allowances are being factored into contract agreements with clients.

Liquidity Risk

The company has strengthened its balance sheet position over the last year, and constantly monitors the cashflow forecast. There are no complex financial instruments, nor does the company have any hedging products. The directors are confident they can meet their obligations as they fall due.

Credit Risk

Financial checks are carried out on suppliers and subcontractors to ensure the company is not put at undue risk.

HEADLINE FACTS AND KEY PERFORMANCE INDICATORS

The key financial highlights for the company of the last four years are:

| May 2025 |  | May 2024 |  | May 2023 |  | May 2022 |

Key Performance Indicator |  | £ 's |  | £ 's |  | £ 's |  | £ 's |

Turnover |  | 17,352 |  | 19,832 |  | 24,475 |  | 15,441 |

Profit after tax |  | 902 |  | 1,336 |  | 840 |  | 836 |

Profit after tax percentage |  | 5.20% |  | 6.73% |  | 3.43% |  | 5.41% |

Balance sheet value |  | 2,520 |  | 2,539 |  | 1,968 |  | 1,774 |

ADEN CONTRACTING LIMITED (REGISTERED NUMBER: 06391233) |

STRATEGIC REPORT

FOR THE YEAR ENDED 31 MAY 2025

GOING CONCERN

The Directors are required to consider the company's ability to continue as a going concern over a period of at least twelve months from the date of approval of the financial statements. The Directors are satisfied the company will be able to meet its objectives for at least the next 12 months.

HEALTH AND SAFETY AT WORK

The directors, along with the in-house health and safety officers, continue to target zero accidents by implementing best practice health and safety policies across our project sites and office. The company also holds the ISO 45001:2015 accreditation in Occupational Health and Safety Management Systems.

ENVIRONMENTAL AND QUALITY MANAGEMENT

Quality management is central to our day-to-day operations, helping us deliver value and efficiency. This is evidenced through our ISO 9001:2015 (Quality Management Systems) and ISO 14001:2015 (Environmental Management Systems) accreditation. The company is also certified gold for Constructionline, Silver for FORS and holds SSIP (Safety Schemes in Procurement). The company is also committed to the Living Wage Employer scheme.

ON BEHALF OF THE BOARD:

Mr A S Webster - Director

17 December 2025

ADEN CONTRACTING LIMITED (REGISTERED NUMBER: 06391233) |

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 MAY 2025

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of construction.

DIVIDENDS

The total distribution of dividends for the year ended 31 May 2025 will be £921,000 (2024: £764,000).

RESEARCH AND DEVELOPMENT

The company used an R&D specialist that it has used in prior periods to make an R&D claim in the accounting period relating to the 31 May 2024. The amount refunded to the company was £45,433.98 for its R&D activities in construction groundworks.

The company did not undertake any R&D activities in the year ended 31 May 2025.

FUTURE DEVELOPMENTS

The company intends to continue in its current areas of trade, actively seeking opportunities to tender using its network of main contractor contacts.

DIRECTORS

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

Mrs S M Curtis

Mr D Curtis

Mr A S Webster

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 or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ADEN CONTRACTING LIMITED (REGISTERED NUMBER: 06391233) |

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 MAY 2025

AUDITORS

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

ON BEHALF OF THE BOARD:

Mr A S Webster - Director

17 December 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

ADEN CONTRACTING LIMITED

Opinion

We have audited the financial statements of Aden Contracting Limited (the 'company') for the year ended 31 May 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the 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 company's affairs as at 31 May 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 (Continued)

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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

ADEN CONTRACTING LIMITED

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 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 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:

- Enquiry of management and those charged with governance around actual and political litigation and claims;

- Enquiry of entity staff in tax and compliance functions to identify any instances of non-compliance with laws and regulations;

- Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.

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

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

ADEN CONTRACTING LIMITED

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.

Mr David Rawlinson FCA FCCA (Senior Statutory Auditor)

for and on behalf of Rawlinson Pryde Limited

Chartered Accountants and

Statutory Auditors

Argent House

5 Goldington Road

Bedford

Bedfordshire

MK40 3JY

17 December 2025

ADEN CONTRACTING LIMITED (REGISTERED NUMBER: 06391233) |

INCOME STATEMENT

FOR THE YEAR ENDED 31 MAY 2025

| 31.5.25 |  | 31.5.24

| Notes | £ | £ |

TURNOVER | 5 | 17,351,563 |  | 19,831,741 |  |

Cost of sales | 14,797,120 |  | 17,145,447 |  |

GROSS PROFIT | 2,554,443 |  | 2,686,294 |  |

Administrative expenses | 1,561,804 |  | 1,240,273 |  |

992,639 |  | 1,446,021 |  |

Other operating income | 6 | 169,961 |  | 150,061 |  |

OPERATING PROFIT | 8 | 1,162,600 |  | 1,596,082 |  |

Interest receivable and similar income | 10 | 42,306 |  | 35,784 |  |

1,204,906 |  | 1,631,866 |  |

Interest payable and similar expenses | 11 | 21,310 |  | 29,555 |  |

PROFIT BEFORE TAXATION | 1,183,596 |  | 1,602,311 |  |

Tax on profit | 12 | 281,681 |  | 266,679 |  |

PROFIT FOR THE FINANCIAL YEAR | 901,915 |  | 1,335,632 |  |

ADEN CONTRACTING LIMITED (REGISTERED NUMBER: 06391233) |

OTHER COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 MAY 2025

| 31.5.25 |  | 31.5.24

| Notes | £ | £ |

PROFIT FOR THE YEAR | 901,915 |  | 1,335,632 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 901,915 |  | 1,335,632 |  |

ADEN CONTRACTING LIMITED (REGISTERED NUMBER: 06391233) |

BALANCE SHEET

31 MAY 2025

| 31.5.25 | 31.5.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 14 | 575,276 |  | 326,379 |  |

CURRENT ASSETS

Debtors | 15 | 3,044,212 |  | 3,623,674 |  |

Prepayments and accrued income | 105,719 |  | 98,748 |  |

Cash at bank and in hand | 16 | 1,575,486 |  | 2,606,332 |  |

4,725,417 |  | 6,328,754 |  |

CREDITORS

Amounts falling due within one year | 17 | 2,388,989 |  | 3,887,557 |  |

NET CURRENT ASSETS | 2,336,428 |  | 2,441,197 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,911,704 |  | 2,767,576 |  |

CREDITORS

Amounts falling due after more than one year | 18 | (221,383 | ) | (189,343 | ) |

PROVISIONS FOR LIABILITIES | 23 | (169,965 | ) | (38,792 | ) |

NET ASSETS | 2,520,356 |  | 2,539,441 |  |

CAPITAL AND RESERVES

Called up share capital | 24 | 2 |  | 2 |  |

Retained earnings | 25 | 2,520,354 |  | 2,539,439 |  |

SHAREHOLDERS' FUNDS | 2,520,356 |  | 2,539,441 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 17 December 2025 and were signed on its behalf by:

Mr A S Webster - Director

ADEN CONTRACTING LIMITED (REGISTERED NUMBER: 06391233) |

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MAY 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 June 2023 | 2 |  | 1,967,807 |  | 1,967,809 |  |

Changes in equity

Dividends | - |  | (764,000 | ) | (764,000 | ) |

Total comprehensive income | - |  | 1,335,632 |  | 1,335,632 |  |

Balance at 31 May 2024 | 2 |  | 2,539,439 |  | 2,539,441 |  |

Changes in equity

Dividends | - |  | (921,000 | ) | (921,000 | ) |

Total comprehensive income | - |  | 901,915 |  | 901,915 |  |

Balance at 31 May 2025 | 2 |  | 2,520,354 |  | 2,520,356 |  |

ADEN CONTRACTING LIMITED (REGISTERED NUMBER: 06391233) |

CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 MAY 2025

| 31.5.25 |  | 31.5.24

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 531,174 |  | 1,638,901 |  |

Interest paid | (11,014 | ) | (19,027 | ) |

Interest element of hire purchase payments paid | (10,296 | ) | (10,528 | ) |

Tax paid | (375,048 | ) | (40,450 | ) |

Taxation refund | 2,429 |  | 34,710 |  |

Net cash from operating activities | 137,245 |  | 1,603,606 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (14,990 | ) | (16,458 | ) |

Sale of tangible fixed assets | - |  | 16,750 |  |

Interest received | 42,306 |  | 35,784 |  |

Net cash from investing activities | 27,316 |  | 36,076 |  |

Cash flows from financing activities

Loan repayments in year | (100,000 | ) | (100,000 | ) |

Capital repayments in year | (200,784 | ) | (128,217 | ) |

Amount withdrawn by directors | 26,377 |  | (10,526 | ) |

Equity dividends paid | (921,000 | ) | (764,000 | ) |

Net cash from financing activities | (1,195,407 | ) | (1,002,743 | ) |

(Decrease)/increase in cash and cash equivalents | (1,030,846 | ) | 636,939 |  |

Cash and cash equivalents at beginning of year | 2 | 2,606,332 |  | 1,969,393 |  |

Cash and cash equivalents at end of year | 2 | 1,575,486 |  | 2,606,332 |  |

ADEN CONTRACTING LIMITED (REGISTERED NUMBER: 06391233) |

NOTES TO THE CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 MAY 2025

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

| 31.5.25 |  | 31.5.24

£ | £ |

| Profit before taxation | 1,183,596 |  | 1,602,311 |  |

| Depreciation charges | 146,259 |  | 114,353 |  |

| Profit on disposal of fixed assets | - |  | (9,230 | ) |

| Provision for loss on onerous contract | 62,583 |  | - |  |

| Finance costs | 21,310 |  | 29,555 |  |

| Finance income | (42,306 | ) | (35,784 | ) |

1,371,442 |  | 1,701,205 |  |

| Decrease/(increase) in trade and other debtors | 570,169 |  | (38,910 | ) |

| Decrease in trade and other creditors | (1,410,437 | ) | (23,394 | ) |

| Cash generated from operations | 531,174 |  | 1,638,901 |  |

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 31 May 2025

| 31.5.25 |  | 1.6.24

£ | £ |

| Cash and cash equivalents | 1,575,486 |  | 2,606,332 |  |

| Year ended 31 May 2024

| 31.5.24 |  | 1.6.23

£ | £ |

| Cash and cash equivalents | 2,606,332 |  | 1,969,393 |  |

ADEN CONTRACTING LIMITED (REGISTERED NUMBER: 06391233) |

NOTES TO THE CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 MAY 2025

3. | ANALYSIS OF CHANGES IN NET FUNDS

| Other |

| non-cash |

| At 1.6.24 | Cash flow | changes | At 31.5.25

£ | £ | £ | £ |

| Net cash |

| Cash at bank

| and in hand | 2,606,332 |  | (1,030,846 | ) | 1,575,486 |  |

2,606,332 |  | (1,030,846 | ) | 1,575,486 |  |

| Debt

| Finance leases | (180,101 | ) | 200,784 |  | - |  | (359,482 | ) |

| Debts falling due

| within 1 year | (100,000 | ) | - |  | - |  | (100,000 | ) |

| Debts falling due

| after 1 year | (100,000 | ) | 100,000 |  | - |  | - |  |

(380,101 | ) | 300,784 |  | - |  | (459,482 | ) |

| Total | 2,226,231 |  | (730,062 | ) | - |  | 1,116,004 |  |

ADEN CONTRACTING LIMITED (REGISTERED NUMBER: 06391233) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1. | STATUTORY INFORMATION

| Aden Contracting Limited 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. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| Going Concern

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

| Turnover

| Turnover from construction contracts is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue from construction contracts 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

| Turnover from construction contracts 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 of 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.

| Interest income

| Interest income is recognised in the profit of loss using the effective interest method.

ADEN CONTRACTING LIMITED (REGISTERED NUMBER: 06391233) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

3. | ACCOUNTING POLICIES - continued

| 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.

| Short leasehold | - | 10% on cost

| Plant and machinery | - | at varying rates on cost

| Motor vehicles | - | 25% on cost

| Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

| Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the profit or loss.

| Financial instruments

| A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

| Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss.

| All other investments are subsequently measured at cost less impairment. Debtors and creditors that fall due within one year are recorded in the financial statements at transaction price and then subsequently measured at amortised cost. If the effects of the time value of money are immaterial, they are measured at cost (less impairment for trade debtors). Debtors are reviewed for impairment at each reporting date and any impairments are recorded within profit or loss and shown within administrative expenses when there is objective evidence that a debtor is impaired. Objective evidence that a debtor is impaired arises when the customer is unable to settle amounts owing to the company or the customer becomes bankrupt. Debtors do not carry interest and are stated at their nominal value. Trade creditors are not interest-bearing and are stated at their nominal value.

| Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.

| Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

ADEN CONTRACTING LIMITED (REGISTERED NUMBER: 06391233) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

3. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Research and development

| Expenditure on research and development is written off in the year in which it is incurred. Research and development tax credits are recognised in the income statement as a credit against tax on the profit in the year the funds are received.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives.

| Finance leases are those where substantially all the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

| Operating leases

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

| Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee' benefit from the use of the leased asset.

| Pension costs and other post-retirement benefits

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

| The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

| Employee benefits

| The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

| The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

| Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment or to provide termination benefits.

ADEN CONTRACTING LIMITED (REGISTERED NUMBER: 06391233) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

3. | ACCOUNTING POLICIES - continued

| Finance costs

| Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

| Borrowing costs

| All borrowing costs are recognised in profit or loss in the year in which they are incurred.

| 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 method, less any impairment.

| Cash and cash equivalents

| Cash is represented by cash and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 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 known amounts of cash with insignificant risk of change in value.

| In the Cash Flow Statement, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the group's cash management.

| Creditors

| Short-term creditors are measured at 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 method.

| Dividends

| Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

| Impairment

| At each reporting date, tangible fixed assets are assessed to determine whether there is an indication that the carrying amount of an asset may be more than its recoverable amount and that the asset should be impaired. If there is an indication of possible impairment, the recoverable amount of an asset, which is the higher of its value in use and its net realisable value, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is written down to its estimated recoverable amount and an impairment loss is recognised in the profit and loss account for the period.

| If the recoverable amount of a tangible fixed asset subsequently increases as a result of a change in economic conditions or in the expected use of the asset, the net book amount shall be written back to the lower of recoverable amount and the amount at which the asset would have been recorded had the original write-down not been made. A reversal of an impairment loss is recognised in the profit and loss account for the period.

ADEN CONTRACTING LIMITED (REGISTERED NUMBER: 06391233) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

3. | ACCOUNTING POLICIES - continued

| Provision for liabilities

| Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires 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 profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

| When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

| Onerous contracts

| Onerous contracts are recognised where there are unavoidable costs of meeting the obligations under the contract, which exceed the economic benefits expected to be received.

4. | 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, estimate and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

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

| Recognition of amounts recoverable on contract

| As per note 15 to the financial statements, amounts recoverable on contracts amounting to £2,203,120 have been included in debtors. Amounts recoverable on contract represent the value of work performed on long-term, incomplete contracts that have not yet been invoiced to the customer.

| Management uses judgement to assess the probability of recovery based on contract terms, legal advice, and past experience with similar clients. Changes in these judgements could lead to a reduction in contract assets if claims are rejected by customers.

5. | 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:

| 31.5.25 |  | 31.5.24

£ | £ |

| Construction contracts | 17,351,563 |  | 19,831,741 |  |

17,351,563 |  | 19,831,741 |  |

ADEN CONTRACTING LIMITED (REGISTERED NUMBER: 06391233) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

6. | OTHER OPERATING INCOME

| 31.5.25 |  | 31.5.24

£ | £ |

| Sundry receipts | 159,461 |  | 145,061 |  |

| Employers allowance | 10,500 |  | 5,000 |  |

169,961 |  | 150,061 |  |

7. | EMPLOYEES AND DIRECTORS

| 31.5.25 |  | 31.5.24

£ | £ |

| Wages and salaries | 1,065,397 |  | 573,578 |  |

| Social security costs | 139,000 |  | 66,831 |  |

| Other pension costs | 9,718 |  | 9,531 |  |

1,214,115 |  | 649,940 |  |

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

| 31.5.25 |  | 31.5.24

| Directors | 2 |  | 2 |  |

| Staff | 11 |  | 12 |  |

13 |  | 14 |  |

| 31.5.25 |  | 31.5.24

£ | £ |

| Directors' remuneration | 489,726 |  | 27,672 |  |

| Directors' pension contributions to money purchase schemes | 820 |  | 456 |  |

| The number of directors to whom retirement benefits were accruing was as follows:

| Money purchase schemes | 2 |  | 2 |  |

| Information regarding the highest paid director for the year ended 31 May 2025 is as follows:

| 31.5.25 |

£ |  |

| Emoluments etc | 244,863 |  |

| Pension contributions to money purchase schemes | 410 |  |

ADEN CONTRACTING LIMITED (REGISTERED NUMBER: 06391233) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

8. | OPERATING PROFIT

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

| 31.5.25 |  | 31.5.24

£ | £ |

| Hire of plant and machinery | 2,198,689 |  | 2,490,021 |  |

| Other operating leases | 41,500 |  | 41,485 |  |

| Depreciation - owned assets | 19,822 |  | 19,065 |  |

| Depreciation - assets on hire purchase contracts | 126,436 |  | 95,288 |  |

| Profit on disposal of fixed assets | - |  | (9,230 | ) |

9. | AUDITORS' REMUNERATION

| 31.5.25 |  | 31.5.24

£ | £ |

| Fees payable to the company's auditors for the audit of the company's financial statements | 12,250 |  | 13,500 |  |

10. | INTEREST RECEIVABLE AND SIMILAR INCOME |

| 31.5.25 |  | 31.5.24

£ | £ |

| Deposit account interest | 42,258 |  | 35,460 |  |

| Corporation tax interest | 48 |  | 324 |  |

42,306 |  | 35,784 |  |

| Interest income is recognised in profit or loss using the effective interest method.

11. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 31.5.25 |  | 31.5.24

£ | £ |

| Bank loan interest | 11,014 |  | 19,027 |  |

| Hire purchase | 10,296 |  | 10,528 |  |

21,310 |  | 29,555 |  |

ADEN CONTRACTING LIMITED (REGISTERED NUMBER: 06391233) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

12. | TAXATION

| Analysis of the tax charge

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

| 31.5.25 |  | 31.5.24

£ | £ |

| Current tax:

| UK corporation tax | 258,525 |  | 418,053 |  |

| Under/(over) provision | (45,434 | ) | (161,699 | ) |

| Total current tax | 213,091 |  | 256,354 |  |

| Deferred tax | 68,590 |  | 10,325 |  |

| Tax on profit | 281,681 |  | 266,679 |  |

| UK corporation tax has been charged at 25% (2024 - 25%).

| Reconciliation of total tax charge included in profit and loss

| The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

| 31.5.25 |  | 31.5.24

£ | £ |

| Profit before tax | 1,183,596 |  | 1,602,311 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 295,899 |  | 400,578 |  |

| Effects of:

| Expenses not deductible for tax purposes | 27,125 |  | 23,854 |  |

| Income not taxable for tax purposes | - |  | (2,308 | ) |

| Capital allowances in excess of depreciation | (64,499 | ) | (4,071 | ) |

| Adjustments to tax charge in respect of previous periods | (45,434 | ) | (161,699 | ) |

| Deferred tax timing difference movements | 68,590 |  | 10,325 |  |

| Total tax charge | 281,681 |  | 266,679 |  |

13. | DIVIDENDS

| 31.5.25 |  | 31.5.24

£ | £ |

| Ordinary shares of £1 each

| Interim | 921,000 |  | 764,000 |  |

ADEN CONTRACTING LIMITED (REGISTERED NUMBER: 06391233) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

14. | TANGIBLE FIXED ASSETS

| Short |  | Plant and |  | Motor |

| leasehold |  | machinery |  | vehicles |  | Totals

£ | £ | £ | £ |

| COST

| At 1 June 2024 | 22,809 |  | 133,131 |  | 479,656 |  | 635,596 |  |

| Additions | - |  | - |  | 395,155 |  | 395,155 |  |

| Disposals | - |  | (11,520 | ) | - |  | (11,520 | ) |

| At 31 May 2025 | 22,809 |  | 121,611 |  | 874,811 |  | 1,019,231 |  |

| DEPRECIATION

| At 1 June 2024 | 19,738 |  | 83,524 |  | 205,955 |  | 309,217 |  |

| Charge for year | 2,121 |  | 17,701 |  | 126,436 |  | 146,258 |  |

| Eliminated on disposal | - |  | (11,520 | ) | - |  | (11,520 | ) |

| At 31 May 2025 | 21,859 |  | 89,705 |  | 332,391 |  | 443,955 |  |

| NET BOOK VALUE

| At 31 May 2025 | 950 |  | 31,906 |  | 542,420 |  | 575,276 |  |

| At 31 May 2024 | 3,071 |  | 49,607 |  | 273,701 |  | 326,379 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Motor

| vehicles

£ |

| COST

| At 1 June 2024 | 479,656 |  |

| Additions | 395,155 |  |

| At 31 May 2025 | 874,811 |  |

| DEPRECIATION

| At 1 June 2024 | 205,955 |  |

| Charge for year | 126,436 |  |

| At 31 May 2025 | 332,391 |  |

| NET BOOK VALUE

| At 31 May 2025 | 542,420 |  |

| At 31 May 2024 | 273,701 |  |

15. | DEBTORS

| 31.5.25 |  | 31.5.24

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 740,401 |  | 59,922 |  |

| Amounts recoverable on contract | 2,014,193 |  | 3,263,742 |  |

| Directors' current accounts | - |  | 2,321 |  |

| VAT | 90,691 |  | 134,624 |  |

2,845,285 |  | 3,460,609 |  |

ADEN CONTRACTING LIMITED (REGISTERED NUMBER: 06391233) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

15. | DEBTORS - continued

| 31.5.25 |  | 31.5.24

£ | £ |

| Amounts falling due after more than one year:

| Amounts recoverable on contract | 188,927 |  | 153,065 |  |

| Other debtors | 10,000 |  | 10,000 |  |

198,927 |  | 163,065 |  |

| Aggregate amounts | 3,044,212 |  | 3,623,674 |  |

16. | CASH AT BANK AND IN HAND

| 31.5.25 |  | 31.5.24

£ | £ |

| Bank deposit account | 1,564,860 |  | 2,595,206 |  |

| Bank account | 10,000 |  | 10,000 |  |

| Cash in hand | 626 |  | 1,126 |  |

1,575,486 |  | 2,606,332 |  |

17. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.5.25 |  | 31.5.24

£ | £ |

| Bank loans and overdrafts (see note 19) | 100,000 |  | 100,000 |  |

| Hire purchase contracts (see note 20) | 138,099 |  | 90,758 |  |

| Trade creditors | 1,106,857 |  | 1,659,994 |  |

| Tax | 258,525 |  | 418,053 |  |

| Social security and other taxes | 326,618 |  | 104,027 |  |

| Other creditors | 149,484 |  | 287,855 |  |

| Pension creditor | 2,260 |  | - |  |

| Directors' current accounts | 29,511 |  | 5,455 |  |

| Accruals and deferred income | 277,635 |  | 1,221,415 |  |

2,388,989 |  | 3,887,557 |  |

18. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.5.25 |  | 31.5.24

£ | £ |

| Bank loans (see note 19) | - |  | 100,000 |  |

| Hire purchase contracts (see note 20) | 221,383 |  | 89,343 |  |

221,383 |  | 189,343 |  |

19. | LOANS

| An analysis of the maturity of loans is given below:

| 31.5.25 |  | 31.5.24

£ | £ |

| Amounts falling due within one year or on demand:

| Bank loans | 100,000 |  | 100,000 |  |

ADEN CONTRACTING LIMITED (REGISTERED NUMBER: 06391233) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

19. | LOANS - continued

| 31.5.25 |  | 31.5.24

£ | £ |

| Amounts falling due between one and two years:

| Bank loans - 1-2 years | - |  | 100,000 |  |

20. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

| 31.5.25 |  | 31.5.24 |

£ | £ |

| Net obligations repayable:

| Within one year | 138,099 |  | 90,758 |  |

| Between one and five years | 221,383 |  | 89,343 |  |

359,482 |  | 180,101 |  |

| Non-cancellable |

| operating leases |

| 31.5.25 |  | 31.5.24

£ | £ |

| Within one year | 45,000 |  | 45,000 |  |

| Between one and five years | 90,000 |  | 135,000 |  |

135,000 |  | 180,000 |  |

21. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.5.25 |  | 31.5.24

£ | £ |

| Bank loans | 100,000 |  | 200,000 |  |

| The above loan is supported by the Coronavirus Business Interruption Loan Scheme (CBILS) - Under CBILS, the lender has been given a partial guarantee by the Government under the terms of the scheme to pay the interest during the first 12 months of the loan. After the first 12 months, interest will be payable by Aden Contracting Limited in accordance with the terms of the agreement. Aden Contracting Limited remains liable for all sums under the agreement. The term of the loan is 6 years and the interest rate being charged is 2.34% above the base rate.

| The company has a debenture with NatWest, which was created on 6 January 2009, which contains a fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, uncalled capital, buildings, fixtures, fixed plant & machinery.

ADEN CONTRACTING LIMITED (REGISTERED NUMBER: 06391233) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

22. | FINANCIAL INSTRUMENTS

|  | 31.5.25 |  |  | 31.5.24 |  |

| £ |  |  | £ |  |

| Financial assets |  |

| Financial assets measured at amortised cost |  |  | 2,325,888 |  |  | 2,678,575 |  |

| Financial assets that are debt instruments measured at amortised cost comprise cash, trade debtors and other debtors.

| Financial liabilities |  |

| Financial liabilities measured at amortised cost |  |  | 2,022,971 |  |  | 3,554,821 |  |

| Financial liabilities measured at amortised cost comprise bank loans, other loans, trade creditors, other creditors and accruals.

23. | PROVISIONS FOR LIABILITIES

| 31.5.25 |  | 31.5.24

£ | £ |

| Deferred tax | 107,382 |  | 38,792 |  |

| Onerous contracts | 62,583 |  | - |  |

169,965 |  | 38,792 |  |

| Deferred |  | Onerous |

| tax |  | contracts |

£ | £ |

| Balance at 1 June 2024 | 38,792 |  | - |  |

| Charge to Income Statement during year | 68,590 |  | 62,583 |  |

| Balance at 31 May 2025 | 107,382 |  | 62,583 |  |

| Losses amounting to £62,583 (2024: £Nil) have been provided for in respect of an identified onerous contract that has completed after the year end but resulted in an overall net loss.

24. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.5.25 |  | 31.5.24

| value: | £ | £ |

| 2 | Ordinary | £1 | 2 |  | 2 |  |

| There is a single class of ordinary shares. There are no restrictions on the distribution of dividends and the repayment of capital.

ADEN CONTRACTING LIMITED (REGISTERED NUMBER: 06391233) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

25. | RESERVES

| Retained

| earnings

£ |

| At 1 June 2024 | 2,539,439 |  |

| Profit for the year | 901,915 |  |

| Dividends | (921,000 | ) |

| At 31 May 2025 | 2,520,354 |  |

| Retained earnings comprise all current and prior period retained profits and losses.

26. | PENSION COMMITMENTS

| The charge to the profit and loss in respect of defined contribution schemes was £9,718 (2024: £9,531). As at the balance sheet date the company had a pension creditor of £2,260 (2024: £nil).

| The company operates a defined contribution pension scheme for all qualifying employees. The assets of the pension scheme are held separately from those of the company in an independently administered fund.

27. | OTHER FINANCIAL COMMITMENTS

| As at the balance sheet date the company had total commitments under non cancellable operating leases over the remaining life of those leases of £135,000 (2024: £180,000).

28. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 May 2025 and 31 May 2024:

| 31.5.25 |  | 31.5.24

£ | £ |

| Mr A S Webster

| Balance outstanding at start of year | 2,321 |  | (5,768 | ) |

| Amounts advanced | 261,402 |  | 243,750 |  |

| Amounts repaid | (266,657 | ) | (235,661 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (2,934 | ) | 2,321 |  |

| The directors' loan was unsecured, interest free and repayable on demand.

| Two of the directors have given personal guarantees of £25,000 each against the bank overdraft.

29. | RELATED PARTY DISCLOSURES

| Other related parties

| 31.5.25 |  | 31.5.24

£ | £ |

| Purchases | 1,896,336 |  | 1,692,492 |  |

| Amount due to related party | 44,141 |  | 24,047 |  |

ADEN CONTRACTING LIMITED (REGISTERED NUMBER: 06391233) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

29. | RELATED PARTY DISCLOSURES - continued

| Dena Plant Limited, a company owned fully by two of the directors, has given a guarantee of £75,000 against the bank overdraft.