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REGISTERED NUMBER: 09136550 (England and Wales)

Strategic Report,

Report of the Directors and

Financial Statements

for the Year Ended 30 June 2025

for

Bauvill Ltd.

Bauvill Ltd. (Registered number: 09136550)

Contents of the Financial Statements

for the Year Ended 30 June 2025

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Directors | 4 |

| Report of the Independent Auditors | 6 |

| Income Statement | 10 |

| Other Comprehensive Income | 11 |

| Statement of Financial Position | 12 |

| Statement of Changes in Equity | 13 |

| Statement of Cash Flows | 14 |

| Notes to the Statement of Cash Flows | 15 |

| Notes to the Financial Statements | 16 |

Bauvill Ltd.

Company Information

for the Year Ended 30 June 2025

| DIRECTORS: | J P Donoghue

| Ms K Houghton-Hunt

| D J South

| D Evans

| M S Scally

| SECRETARY: | Ms C L Evans

| REGISTERED OFFICE: | 51 Riverside Estate

| Sir Thomas Longley Road

| Rochester

| Kent

| ME2 4DP

| REGISTERED NUMBER: | 09136550 (England and Wales)

| INDEPENDENT AUDITORS: | Ardor Business Solutions Limited

| Statutory Auditors

| Chartered Certified Accountants

| Unit 1

| Shrine Barn

| Sandling Road

| Hythe

| Kent

| CT21 4HE

Bauvill Ltd. (Registered number: 09136550)

Strategic Report

for the Year Ended 30 June 2025

The directors present their strategic report for the year ended 30 June 2025.

REVIEW OF BUSINESS

The Director's review is consistent with the size and non-complex nature of the business.

The company continues to operate in the construction industry and has over 10 years experience, with the governance of directors boasting extensive knowledge in the field.

PRINCIPAL RISKS AND UNCERTAINTIES

The company continues to operate in the construction industry where the demand is influenced by economic conditions, government policies, and demographic trends. It is crucial for the company to stay abreast of market changes to align its strategies accordingly. Prudent risk management and an ability to adapt to uncertainties are critical for the company's sustained success. By identifying, assessing, and mitigating various risks, the company looks to navigate challenges effectively, ensuring resilience and competitiveness in a dynamic construction industry. Continuous monitoring and updating of risk management strategies will be essential in the ever-evolving business landscape.

Inflation is on the rise leading to increased costs of supplies and the potential for supply issues. The company regularly reviews costs of current suppliers against industry standard to ensure the best prices are attained and where suitable, bulk discounts received.

Trade Debtors are managed in respect of credit and cash flow risk by policies concerning the credit offered to the customers and the regular monitoring of amounts of both time and credit limits. Provision for doubtful debts is made as necessary.

Liquidity Risk

The company monitors and reviews liquidity risks regularly on an ongoing basis and also as part of the planning process. The Directors consider short-term requirements against available sources of funding, taking into account cash flow and response to any identified needs as necessary to support the business.

Credit Risk

The company's credit risk relates to recovery of amounts owed by customers for invoiced sales. The credit risk is managed by regular monitoring of outstanding amounts.

Bauvill Ltd. (Registered number: 09136550)

Strategic Report

for the Year Ended 30 June 2025

Turnover, Gross Profit and Operating Profit

Gross profit margin for the year for the company was 9% (2024: 13%) and operating profit margin was 0.6% (2024: 3%). The company seeks to provide growth in earnings through improved efficiencies and operations in light of market conditions.

Markets have proven to be difficult and the company is seeking improved volumes to be able to command better sales prices which are volume related. The generation of earnings is essential to deliver growth and to fund future growth in the business. Overheads are reviewed, monitored and controlled by management on a regular basis.

Financial Indicators

Turnover:

30th June 2025: £29,776,191

30th June 2024 £22,307,956

ON BEHALF OF THE BOARD:

D J South - Director

5 March 2026

Bauvill Ltd. (Registered number: 09136550)

Report of the Directors

for the Year Ended 30 June 2025

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

DIVIDENDS

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

DIRECTORS

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

Ms K Houghton-Hunt

D J South

Other changes in directors holding office are as follows:

J P Donoghue - appointed 4 November 2024

G A Williams - resigned 12 November 2024

D Evans and M S Scally were appointed as directors after 30 June 2025 but prior to the date of this report.

M Gurr ceased to be a director after 30 June 2025 but prior to the date of this report.

POLITICAL DONATIONS AND EXPENDITURE

No political donations were made during the year.

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.

Bauvill Ltd. (Registered number: 09136550)

Report of the Directors

for the Year Ended 30 June 2025

AUDITORS

The auditors, Ardor Business Solutions Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

D J South - Director

5 March 2026

Report of the Independent Auditors to the Members of

Bauvill Ltd.

Opinion

We have audited the financial statements of Bauvill Ltd. (the 'company') for the year ended 30 June 2025 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

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

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

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

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

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

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Report of the Independent Auditors to the Members of

Bauvill Ltd.

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.

Report of the Independent Auditors to the Members of

Bauvill Ltd.

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 identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our sector experience through discussion with the Officers and other management (as required by auditing standards).

We had regard to laws and regulations in areas that directly affect the financial statements including financial reporting and taxation legislation. We considered that extent of compliance with those laws and regulations as part of our procedures on the related financial statement items.

With the exception of any known or possible non-compliance, and as required by auditing standards, our work in respect of these was limited to enquiry of the Officers.

We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit.

We addressed the risk of fraud through management override of controls, by testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

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

Bauvill Ltd.

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.

Bryan Michael Kemsley FCCA FMAAT (Senior Statutory Auditor)

for and on behalf of Ardor Business Solutions Limited

Statutory Auditors

Chartered Certified Accountants

Unit 1

Shrine Barn

Sandling Road

Hythe

Kent

CT21 4HE

6 March 2026

Bauvill Ltd. (Registered number: 09136550)

Income Statement

for the Year Ended 30 June 2025

| 30/6/25 |  | 30/6/24

| Notes | £ | £ |

TURNOVER | 29,776,191 |  | 22,307,956 |  |

Cost of sales | 27,065,490 |  | 19,771,474 |  |

GROSS PROFIT | 2,710,701 |  | 2,536,482 |  |

Administrative expenses | 2,513,571 |  | 2,364,243 |  |

OPERATING PROFIT | 5 | 197,130 |  | 172,239 |  |

Interest receivable and similar income | 46,728 |  | 40,747 |  |

243,858 |  | 212,986 |  |

Interest payable and similar expenses | 6 | 30,389 |  | 17,169 |  |

PROFIT BEFORE TAXATION | 213,469 |  | 195,817 |  |

Tax on profit | 7 | 58,476 |  | (45,009 | ) |

PROFIT FOR THE FINANCIAL YEAR | 154,993 |  | 240,826 |  |

Bauvill Ltd. (Registered number: 09136550)

Other Comprehensive Income

for the Year Ended 30 June 2025

| 30/6/25 |  | 30/6/24

| Notes | £ | £ |

PROFIT FOR THE YEAR | 154,993 |  | 240,826 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 154,993 |  | 240,826 |  |

Bauvill Ltd. (Registered number: 09136550)

Statement of Financial Position

30 June 2025

| 30/6/25 | 30/6/24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 9 | 780,290 |  | 784,609 |  |

Investments | 10 | 201 |  | 201 |  |

780,491 |  | 784,810 |  |

CURRENT ASSETS

Stocks | 11 | 800 |  | 2,100 |  |

Debtors | 12 | 8,354,056 |  | 5,475,425 |  |

Cash at bank | 2,565,267 |  | 2,645,266 |  |

10,920,123 |  | 8,122,791 |  |

CREDITORS

Amounts falling due within one year | 13 | 7,708,966 |  | 5,113,466 |  |

NET CURRENT ASSETS | 3,211,157 |  | 3,009,325 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,991,648 |  | 3,794,135 |  |

CREDITORS

Amounts falling due after more than one year | 14 | (235,137 | ) | (258,167 | ) |

PROVISIONS FOR LIABILITIES | 18 | (132,798 | ) | (67,248 | ) |

NET ASSETS | 3,623,713 |  | 3,468,720 |  |

CAPITAL AND RESERVES

Called up share capital | 19 | 100 |  | 100 |  |

Retained earnings | 20 | 3,623,613 |  | 3,468,620 |  |

SHAREHOLDERS' FUNDS | 3,623,713 |  | 3,468,720 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2026 and were signed on its behalf by:

D J South - Director

Bauvill Ltd. (Registered number: 09136550)

Statement of Changes in Equity

for the Year Ended 30 June 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 July 2023 | 100 |  | 3,527,794 |  | 3,527,894 |  |

Changes in equity

Dividends | - |  | (300,000 | ) | (300,000 | ) |

Total comprehensive income | - |  | 240,826 |  | 240,826 |  |

Balance at 30 June 2024 | 100 |  | 3,468,620 |  | 3,468,720 |  |

Changes in equity

Total comprehensive income | - |  | 154,993 |  | 154,993 |  |

Balance at 30 June 2025 | 100 |  | 3,623,613 |  | 3,623,713 |  |

Bauvill Ltd. (Registered number: 09136550)

Statement of Cash Flows

for the Year Ended 30 June 2025

| 30/6/25 |  | 30/6/24

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 823,745 |  | 829,656 |  |

Interest paid | (3,777 | ) | (11,061 | ) |

Interest element of hire purchase payments paid | (26,612 | ) | (6,108 | ) |

Tax paid | 60,722 |  | 187,512 |  |

Net cash from operating activities | 854,078 |  | 999,999 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (454,923 | ) | (384,709 | ) |

Sale of tangible fixed assets | 407,500 |  | 39,267 |  |

Interest received | 46,728 |  | 40,747 |  |

Net cash from investing activities | (695 | ) | (304,695 | ) |

Cash flows from financing activities

New loans in year | (764,000 | ) | (475,000 | ) |

Loan repayments in year | (243,740 | ) | (162,504 | ) |

Capital repayments in year | 74,358 |  | 170,359 |  |

Amount introduced by directors | - |  | 5,989 |  |

Equity dividends paid | - |  | (300,000 | ) |

Net cash from financing activities | (933,382 | ) | (761,156 | ) |

Decrease in cash and cash equivalents | (79,999 | ) | (65,852 | ) |

Cash and cash equivalents at beginning of year | 2 | 2,645,266 |  | 2,711,118 |  |

Cash and cash equivalents at end of year | 2 | 2,565,267 |  | 2,645,266 |  |

Bauvill Ltd. (Registered number: 09136550)

Notes to the Statement of Cash Flows

for the Year Ended 30 June 2025

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

| 30/6/25 |  | 30/6/24

£ | £ |

| Profit before taxation | 213,469 |  | 195,817 |  |

| Depreciation charges | 121,349 |  | 91,531 |  |

| (Profit)/loss on disposal of fixed assets | (69,607 | ) | 31,101 |  |

| Finance costs | 30,389 |  | 17,169 |  |

| Finance income | (46,728 | ) | (40,747 | ) |

248,872 |  | 294,871 |  |

| Decrease in stocks | 1,300 |  | 2,000 |  |

| Increase in trade and other debtors | (2,176,021 | ) | (733,381 | ) |

| Increase in trade and other creditors | 2,749,594 |  | 1,266,166 |  |

| Cash generated from operations | 823,745 |  | 829,656 |  |

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 June 2025

| 30/6/25 |  | 1/7/24

£ | £ |

| Cash and cash equivalents | 2,565,267 |  | 2,645,266 |  |

| Year ended 30 June 2024

| 30/6/24 |  | 1/7/23

£ | £ |

| Cash and cash equivalents | 2,645,266 |  | 2,711,118 |  |

3. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1/7/24 | Cash flow | At 30/6/25

£ | £ | £ |

| Net cash |

| Cash at bank | 2,645,266 |  | (79,999 | ) | 2,565,267 |  |

2,645,266 |  | (79,999 | ) | 2,565,267 |  |

| Debt

| Finance leases | (208,608 | ) | (74,358 | ) | (282,966 | ) |

| Debts falling due within 1 year | (162,504 | ) | 162,504 |  | - |  |

| Debts falling due after 1 year | (81,236 | ) | 81,236 |  | - |  |

(452,348 | ) | 169,382 |  | (282,966 | ) |

| Total | 2,192,918 |  | 89,383 |  | 2,282,301 |  |

Bauvill Ltd. (Registered number: 09136550)

Notes to the Financial Statements

for the Year Ended 30 June 2025

1. | STATUTORY INFORMATION

| Bauvill 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 (£).

| Amounts are rounded to the nearest 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.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| 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.

| Long leasehold | - | 2% on cost

| Plant and machinery | - | 20% on reducing balance

| Motor vehicles | - | 30% on cost for 3 years, 5% after and 18.33% on cost for 3 years, 15% after

| Computer equipment | - | straight line over 3 years

| Stocks

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

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| 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 statement of financial position date.

Bauvill Ltd. (Registered number: 09136550)

Notes to the Financial Statements - continued

for the Year Ended 30 June 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 statement of financial position date.

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

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

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. | EMPLOYEES AND DIRECTORS

| 30/6/25 |  | 30/6/24

£ | £ |

| Wages and salaries | 2,291,977 |  | 2,009,256 |  |

| Social security costs | 253,836 |  | 222,944 |  |

| Other pension costs | 118,502 |  | 94,401 |  |

2,664,315 |  | 2,326,601 |  |

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

| 30/6/25 |  | 30/6/24

| Directors | 4 |  | 4 |  |

| Staff | 40 |  | 35 |  |

44 |  | 39 |  |

| 30/6/25 |  | 30/6/24

£ | £ |

| Directors' remuneration | 202,878 |  | 260,311 |  |

| Directors' pension contributions to money purchase schemes | 73,780 |  | 50,967 |  |

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

| Money purchase schemes | 4 |  | 4 |  |

Bauvill Ltd. (Registered number: 09136550)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

4. | EMPLOYEES AND DIRECTORS - continued

| Information regarding the highest paid director is as follows:

| 30/6/25 |  | 30/6/24

£ | £ |

| Emoluments etc | 91,763 |  | 104,397 |  |

| Pension contributions to money purchase schemes | 2,255 |  | 1,321 |  |

5. | OPERATING PROFIT

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

| 30/6/25 |  | 30/6/24

£ | £ |

| Hire of equipment | 273,461 |  | 189,802 |  |

| Depreciation - owned assets | 59,964 |  | 58,534 |  |

| Depreciation - assets on hire purchase contracts | 61,385 |  | 32,997 |  |

| (Profit)/loss on disposal of fixed assets | (69,607 | ) | 31,101 |  |

| Auditors' remuneration | 20,500 |  | 14,000 |  |

6. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 30/6/25 |  | 30/6/24

£ | £ |

| Bank loan interest | 3,777 |  | 8,775 |  |

| Late payment tax charges | - |  | 2,286 |  |

| Hire purchase interest | 26,612 |  | 6,108 |  |

30,389 |  | 17,169 |  |

7. | TAXATION

| Analysis of the tax charge/(credit)

| The tax charge/(credit) on the profit for the year was as follows:

| 30/6/25 |  | 30/6/24

£ | £ |

| Current tax:

| UK corporation tax | - |  | 7,742 |  |

| Overprovision of corporation | (7,074 | ) | (60,761 | ) |

| Total current tax | (7,074 | ) | (53,019 | ) |

| Deferred tax | 65,550 |  | 8,010 |  |

| Tax on profit | 58,476 |  | (45,009 | ) |

Bauvill Ltd. (Registered number: 09136550)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

7. | TAXATION - continued

| Reconciliation of total tax charge/(credit) included in profit and loss

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

| 30/6/25 |  | 30/6/24

£ | £ |

| Profit before tax | 213,469 |  | 195,817 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 53,367 |  | 48,954 |  |

| Effects of:

| Expenses not deductible for tax purposes | 24,534 |  | 22,767 |  |

| Capital allowances in excess of depreciation | (67,755 | ) | (26,194 | ) |

| Utilisation of tax losses | (5,081 | ) | (35,340 | ) |

| Adjustments to tax charge in respect of previous periods | (7,074 | ) | (60,761 | ) |

| Revenue exempt from taxation | (17,401 | ) | - |  |

| Chargeable gain | 12,336 |  | - |  |

| Change in rate of Corporation Tax | - |  | (2,445 | ) |

| Accelerated Capital Allowances | 65,550 |  | 8,010 |  |

| Total tax charge/(credit) | 58,476 |  | (45,009 | ) |

8. | DIVIDENDS

| 30/6/25 |  | 30/6/24

£ | £ |

| A Ordinary shares of £1 each

| Interim | - |  | 300,000 |  |

9. | TANGIBLE FIXED ASSETS

| Long |  | Plant and |  | Motor |  | Computer |

| leasehold |  | machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 July 2024 | 344,155 |  | 120,605 |  | 425,558 |  | 127,287 |  | 1,017,605 |  |

| Additions | 330,689 |  | - |  | 117,233 |  | 7,001 |  | 454,923 |  |

| Disposals | (344,155 | ) | (10,599 | ) | (39,950 | ) | (7,109 | ) | (401,813 | ) |

| At 30 June 2025 | 330,689 |  | 110,006 |  | 502,841 |  | 127,179 |  | 1,070,715 |  |

| DEPRECIATION

| At 1 July 2024 | 22,144 |  | 46,567 |  | 95,595 |  | 68,690 |  | 232,996 |  |

| Charge for year | 7,564 |  | 14,821 |  | 78,233 |  | 20,731 |  | 121,349 |  |

| Eliminated on disposal | (22,144 | ) | (5,036 | ) | (32,450 | ) | (4,290 | ) | (63,920 | ) |

| At 30 June 2025 | 7,564 |  | 56,352 |  | 141,378 |  | 85,131 |  | 290,425 |  |

| NET BOOK VALUE

| At 30 June 2025 | 323,125 |  | 53,654 |  | 361,463 |  | 42,048 |  | 780,290 |  |

| At 30 June 2024 | 322,011 |  | 74,038 |  | 329,963 |  | 58,597 |  | 784,609 |  |

Bauvill Ltd. (Registered number: 09136550)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

9. | TANGIBLE FIXED ASSETS - continued

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

| Motor

| vehicles

£ |

| COST

| At 1 July 2024 | 293,723 |  |

| Additions | 117,233 |  |

| At 30 June 2025 | 410,956 |  |

| DEPRECIATION

| At 1 July 2024 | 47,546 |  |

| Charge for year | 61,385 |  |

| At 30 June 2025 | 108,931 |  |

| NET BOOK VALUE

| At 30 June 2025 | 302,025 |  |

| At 30 June 2024 | 246,177 |  |

10. | FIXED ASSET INVESTMENTS

| Unlisted

| investments

£ |

| COST

| At 1 July 2024

| and 30 June 2025 | 201 |  |

| NET BOOK VALUE

| At 30 June 2025 | 201 |  |

| At 30 June 2024 | 201 |  |

11. | STOCKS

| 30/6/25 |  | 30/6/24

£ | £ |

| Work-in-progress | 800 |  | 2,100 |  |

12. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30/6/25 |  | 30/6/24

£ | £ |

| Trade debtors | 3,147,173 |  | 2,265,450 |  |

| Amounts owed by group undertakings | 1,239,000 |  | 475,000 |  |

| Other debtors | 600 |  | 114,988 |  |

| Intercompany | 1,075,725 |  | 1,822,932 |  |

| Corporation Tax refund due | - |  | 61,390 |  |

| Prepayments and accrued income | 2,891,558 |  | 735,665 |  |

8,354,056 |  | 5,475,425 |  |

Bauvill Ltd. (Registered number: 09136550)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

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

| 30/6/25 |  | 30/6/24

£ | £ |

| Bank loans and overdrafts (see note 15) | - |  | 162,504 |  |

| Hire purchase contracts (see note 16) | 47,829 |  | 31,677 |  |

| Trade creditors | 1,586,853 |  | 1,374,221 |  |

| Taxation | - |  | 7,742 |  |

| Social security and other taxes | 28,680 |  | 81,131 |  |

| VAT | 889,480 |  | 278,718 |  |

| Other creditors | 1,283,249 |  | 144,895 |  |

| Accruals and deferred income | 3,872,875 |  | 3,032,578 |  |

7,708,966 |  | 5,113,466 |  |

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

| 30/6/25 |  | 30/6/24

£ | £ |

| Bank loans (see note 15) | - |  | 81,236 |  |

| Hire purchase contracts (see note 16) | 235,137 |  | 176,931 |  |

235,137 |  | 258,167 |  |

15. | LOANS

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

| 30/6/25 |  | 30/6/24

£ | £ |

| Amounts falling due within one year or on demand:

| Bank loans | - |  | 162,504 |  |

| Amounts falling due between two and five years:

| Bank loans | - |  | 81,236 |  |

16. | LEASING AGREEMENTS

| Minimum lease payments under hire purchase fall due as follows:

| 30/6/25 |  | 30/6/24 |

£ | £ |

| Net obligations repayable:

| Within one year | 47,829 |  | 31,677 |  |

| Between one and five years | 235,137 |  | 176,931 |  |

282,966 |  | 208,608 |  |

Bauvill Ltd. (Registered number: 09136550)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

17. | SECURED DEBTS

| The following secured debts are included within creditors:

| 30/6/25 |  | 30/6/24

£ | £ |

| Bank loans | - |  | 243,740 |  |

| Assets held as security formally charged to the Bank:

| Debenture dated 15 January 2019 over all assets of the Company.

| Legal Charge dated 31 August 2022 over property at 50 Riverside Estate, Sir Thomas Langley Road, Medway City Estate, Rochester, Kent, ME2 4DP.

18. | PROVISIONS FOR LIABILITIES

| 30/6/25 |  | 30/6/24

£ | £ |

| Deferred tax | 132,798 |  | 67,248 |  |

| Deferred |

| tax |

£ |

| Balance at 1 July 2024 | 67,248 |  |

| Provided during year | 65,550 |  |

| Balance at 30 June 2025 | 132,798 |  |

19. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30/6/25 |  | 30/6/24

| value: | £ | £ |

| 100 | A Ordinary | £1 | 100 |  | 100 |  |

| On 14 March 2025 the existing Ordinary shares of the Company were designated as A Ordinary shares.

20. | RESERVES

| Retained

| earnings

£ |

| At 1 July 2024 | 3,468,620 |  |

| Profit for the year | 154,993 |  |

| At 30 June 2025 | 3,623,613 |  |

21. | ULTIMATE PARENT COMPANY

| Bauvill Group Ltd is regarded by the directors as being the company's ultimate parent company.

Bauvill Ltd. (Registered number: 09136550)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

22. | RELATED PARTY DISCLOSURES

| Included in the Other Debtors are the following amounts owed by the following companies, all of which are under the control of the director Mr D South. No repayment terms have been set and no interest is to be charged.

| - Bauvill Group Ltd - £1,239,000 (2024 - £475,000)

| Included in the Other Debtors are the following amounts owed by the following companies, all of which are associated with the director Mr D South. No repayment terms have been set and no interest is to be charged.

| - Otium Lake Ltd - £1,075,725 (2024 - £1,075,725)

| Included in the Other Creditors are the following amounts owed to the following companies, all of which are under the control of the directors Mr D South, Mr R Adams & Mrs K Houghton-Hunt. No repayment terms have been set and no interest is to be charged.

| - Bauvill Commercial Ltd - £100 (2024 - £100)

| - Bauvill Health Ltd - £100 (2024 - £100)

| - Bauvill Education Ltd - £1 (2024 - £1)