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Registered number: 10349320
Highview Group Limited
Strategic Report, Directors' Report and
Financial Statements
For The Year Ended 30 September 2025
Highview Group Limited
Contents
Contents

| Page
--- | ---
Strategic Report | 1—2
Directors' Report | 3—4
Independent Auditor's Report | 5—7
Profit and Loss Account | 8
Statement of Comprehensive Income | 9
Balance Sheet | 10
Statement of Changes in Equity | 11
Statement of Cash Flows | 12
Notes to the Statement of Cash Flows | 13
Notes to the Financial Statements | 14—20

Page 1
Highview Group Limited
Strategic Report
For The Year Ended 30 September 2025
Strategic Report
The directors present their strategic report for the year ended 30 September 2025.
Principal Activity
The principal activity of the Company during the year continued to be the provision of specialist contracting services.
During the year, the Company further developed its service offering, transitioning from a predominantly roofing- focused contractor to a more multidisciplined construction services provider. This broader capability enhances project delivery, strenghthens client relationships and supports improved margin performance.
Review of the Business
The year ended 30 September 2025 represents a significant improvement in overall financial performance compared to the prior year.
- Turnover increased to £22.10 million (2024: £19.95 miliion), representing growth of approximately 10.8%.
- Gross profit increased to £5.03 million (2024: £3.92 million), with gross margin improving from 19.6% to 22.8%.
- Operating profit increased to £1.27 million (2024: £0.69 million).
- Profit before taxation increased to £1.03 million (2024: £0.5 million).
- Profit after taxation increased to £718,608 (2024: £394,633).
The improvement in profitability reflects enhanced operational efficiency, improved contract selection and delivery, tighter cost control, and a continued strategic shift towards higher margin work.
Administrative expenses increased in line with growth and investment in infrastructure, staffing and compliance; however, operating leverage improved overall profitability.
Financial Position
The Company's financial position strengthened during the year.
- Net assets increased to £1.72 million (2024: £1.03 million).
- Net current assets increased to £1.57 million (2024: £1.21 million).
- Cash at bank and in hand remained strong at £1.41 million (2024 £1.34 million).
Trade debtors reduced significantly to £735,680 (2024: £2.13 million), reflecting improved credit control procedures and active working capital management.
During the year the Company invested £857,800 in investment property, strengthening its asset base and diversifying long- term value.
Long-term creditors increased to £1,099,954 (2024: £555,181), primarily reflecting structured financing arrangements and funding aligned with asset investment. The Directors remain comfortable with the Company's debt profile and servicing capability.
The Directors consider the Company to be in a materially stronger financial position than in the previous year.
Principal Risks and Uncertainties
The Directors recognise that the Company operates in a sector exposed to a range of external and operational risks. These risks are actively monitored and managed through structured governance and financial controls.
Operational and Workforce Risk
The company depends on experienced management and skilled employees. During the year, the average number of direct employees increased to 36 (2024: 30), reflecting growth and internal capability development. Workforce planning, training and succession planning remain key priorities.
Customer Credit Risk
...CONTINUED
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Highview Group Limited
Strategic Report (continued)
For The Year Ended 30 September 2025
Principal Risks and Uncertainties - continued
Exposure to delayed or non-payment by customers is managed through credit checks, regular aged debtor reviews, and structured collection procedures. The significant reduction in trade debtors during the year demonstrates strengthened credit control practices.
Economic and Market Risk
The Company operates in a market sensitive to inflation, interest rate movements, labour availability, and material cost volatility. Ongoing pressures in insurance, subcontractor rates, and supply chain costs present risks to margin stability. These are mitigated through disciplined pricing, contractural safeguards, and continuous project monitoring.
Cyber Security Risk
The Company relies on digital systems for operational and financial management. A cyber incident could result in operational disruption, financial loss, and reputational damage. Mitigation measures include secure data backups, system access controls, third party software protections, and ongoing staff awareness training.
Future Developments
The Directors remain cautiously optimistic regarding future trading.
Strategic priorities for the forthcoming year include:
- Maintaining gross margin discipline
- Further strengthening working capital management
- Optimising the Company's asset base
- Managing structured debt effectively
- Continuing to enhance cyber security resilience
- Expanding multidisciplinary service capability
The company enters the new financial year with a stregthened balance sheet, improved profitability, and a broader service offering. The Directors believe the Company is well positioned for sustainable and controlled growth.
Employees
The directors recognise that employees are central to the Company's success.
Investment continued during the year in training, welfare, recruitment and skills development to support the Company's expanding multidisciplinary offering. The directors remain committed to maintaining a safe, inclusive and performance- focussed working environment.
On behalf of the board

Mr Terry Lake Director | Mr Conor Sullivan Director
2nd March 2026

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Highview Group Limited
Company No. 10349320
Directors' Report For The Year Ended 30 September 2025
Directors' Report
The directors present their report and the financial statements for the year ended 30 September 2025.
Dividends
The value of dividends paid amounted to £27,705 .
The directors recommended a final dividend of £NIL .
Political Donations and Expenditure
There were no political donations made during the year; all donations were for charitable purposes. The company made a total of £68,482 in charitable donations in the financial year. This represents a 59% increase from the previous year and will continue to increase as our turnover does.
Directors
The directors who held office during the year were as follows:

Mr Terry Lake
Mr Conor Sullivan
Mr Jack Cannon | Appointed | 28/08/2025
Mr John Wall | Appointed | 07/10/2025

Matters covered in the Strategic Report
Disclosures required under s416(4) of the Companies Act 2006 are commented upon in the Strategic Report as the directors consider them to be of strategic importance to the business.
Statement of Directors' Responsibilities
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', 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 the financial statements the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Statement of Disclosure of Information to Auditors
In the case of each director in office at the date the Directors' Report is approved:

- so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
- they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

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Highview Group Limited
Directors' Report (continued)
For The Year Ended 30 September 2025
Independent Auditors
The auditors, Pocknells Audit Limited, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.
On behalf of the board

Mr Terry Lake Director | Mr Conor Sullivan Director
2nd March 2026

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Independent Auditor's Report
to the Members of
Highview Group Limited
Independent Auditor's Report
Opinion
We have audited the financial statements of Highview Group Limited for the year ended 30 September 2025 which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity, Cash Flow Statement and the related notes, 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 (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 30 September 2025 and of its profit/(loss) 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 Auditor's 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 entity's ability to continue as a going concern for a period of at least 12 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 other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. 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 Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

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Independent Auditor's Report (continued)
to the Members of
Highview Group 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 Directors' Report.
We have nothing to report in respect of the following matters in relation to which 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 or 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 Directors' Responsibilities Statement set out on page 3—4, 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 is 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.
Auditor's 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 an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
- We obtained an understanding of the legal and regulatory frameworks that are applicable to the company and determined that the most significant are those that relate to the reporting framework (FRS 102 and the Companies Act 2006) and the relevant direct and indirect tax compliance regulations in the United Kingdom, health and safety regulations and General Data Protection Requirements.
- We understood how Highview Group Limited is complying with those frameworks by making enquiries of management to understand the process in place to maintain and communicate its policies and procedures in these areas. We corroborated our enquiries through our review of board minutes, correspondence with relevant authorities and supporting documentation, and noted that there was no contradictory evidence.
- We assessed the susceptibility of the Company's financial statements to material misstatement, including how fraud might occur by considering the risk of management override and by assuming revenue to be a fraud risk. We tested manual journals, revenue recognition and cut off. We selected and tested specific transactions, including manual journals, agreeing back to source documentation ensuring appropriate authorisation of the transactions.
- Based on this understanding we designed our audit procedures to identify non compliance with such laws and regulations. Our procedures involved:
-Enquiry of management and those charged with governance as to any fraud identified or suspected in the period, any actual or potential litigation or claims or breaches of significant laws or regulations applicable to the company;
-Auditing the risk of management override of controls, through selecting and testing a sample of journal entries, meeting certain criteria defined as associated to the risk of management override and other adjustments for appropriateness;
-Enquiry of management, coupled with testing of journal entries, in order to identify and understand any significant transactions outside the normal course of business;
-Challenging the judgements made by management through corroborating the basis for those judgements and considering contradicting evidence; and
-Reading the financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Other matters
The financial statements of the company for the year ended 30 September 2023 were unaudited.
Page 6
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Independent Auditor's Report (continued)
to the Members of
Highview Group 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 that we are required to state to them in an auditor's report 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.

Jeremy Boyden BA (Hons) FCA (Senior Statutory Auditor) for and on behalf of Pocknells Audit Limited , Statutory Auditor
2nd March 2026
Pocknells Audit Limited 46 Hullbridge Road South Woodham Ferrers Essex CM3 5NG

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Highview Group Limited
Profit and Loss Account
For The Year Ended 30 September 2025
Profit and Loss Account

| 2025 |  | 2024
--- | --- | --- | ---
| Notes | £ |  | £
TURNOVER |  | 22,100,612 |  | 19,951,194
Cost of sales |  | (17,069,858 ) |  | (16,033,640 )
GROSS PROFIT |  | 5,030,754 |  | 3,917,554
Administrative expenses |  | (3,766,866 ) |  | (3,221,908 )
Other operating income |  | 7,826 |  | -
OPERATING PROFIT | 4 | 1,271,714 |  | 695,646
Profit on disposal of fixed assets |  | 13,314 |  | 6,500
Interest payable and similar charges | 9 | (252,740 ) |  | (207,098 )
PROFIT BEFORE TAXATION |  | 1,032,288 |  | 495,048
Tax on Profit | 10 | (313,680 ) |  | (100,415 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |  | 718,608 |  | 394,633

The notes on pages 13 to 20 form part of these financial statements.
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Highview Group Limited
Statement of Comprehensive Income
For The Year Ended 30 September 2025
Statement of Comprehensive Income

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
PROFIT FOR THE FINANCIAL YEAR |  | 718,608 |  | 394,633
OTHER COMPREHENSIVE INCOME FOR THE YEAR |  | - |  | -
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |  | 718,608 |  | 394,633

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Highview Group Limited
Balance Sheet
As At 30 September 2025
Balance Sheet
Registered number: 10349320

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 11 |  | 440,025 |  | 400,432
Investment Properties | 12 |  | 857,800 |  | -
|  |  | 1,297,825 |  | 400,432
CURRENT ASSETS
Stocks | 13 | 26,284 |  | 26,284 |
Debtors | 14 | 6,473,892 |  | 6,296,292 |
Cash at bank and in hand |  | 1,405,574 |  | 1,335,310 |
|  | 7,905,750 |  | 7,657,886 |
Creditors: Amounts Falling Due Within One Year | 15 | (6,328,619 ) |  | (6,447,731 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 1,577,131 |  | 1,210,155
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 2,874,956 |  | 1,610,587
Creditors: Amounts Falling Due After More Than One Year | 16 |  | (1,099,954 ) |  | (555,181 )
PROVISIONS FOR LIABILITIES
Deferred Taxation | 19 |  | (54,612 ) |  | (25,919 )
NET ASSETS |  |  | 1,720,390 |  | 1,029,487
CAPITAL AND RESERVES
Called up share capital | 20 |  | 1,000 |  | 1,000
Profit and Loss Account |  |  | 1,719,390 |  | 1,028,487
SHAREHOLDERS' FUNDS |  |  | 1,720,390 |  | 1,029,487

On behalf of the board

Mr Terry Lake Director | Mr Conor Sullivan Director
2nd March 2026

The notes on pages 13 to 20 form part of these financial statements.
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Highview Group Limited
Statement of Changes in Equity
For The Year Ended 30 September 2025
Statement of Changes in Equity

| Share Capital | Profit and Loss Account | Total
--- | --- | --- | ---
| £ | £ | £
As at 1 October 2023 | 1,000 | 662,790 | 663,790
Profit for the year and total comprehensive income | - | 394,633 | 394,633
Dividends paid | - | (28,936) | (28,936)
As at 30 September 2024 and 1 October 2024 | 1,000 | 1,028,487 | 1,029,487
Profit for the year and total comprehensive income | - | 718,608 | 718,608
Dividends paid | - | (27,705) | (27,705)
As at 30 September 2025 | 1,000 | 1,719,390 | 1,720,390

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Highview Group Limited
Statement of Cash Flows
For The Year Ended 30 September 2025
Statement of Cash Flows

| 2025 |  | 2024
| Notes | £ |  | £
Cash flows from operating activities
Net cash generated from operations | 1 | 852,469 |  | 206,661
Interest paid |  | (252,739 ) |  | (207,098 )
Tax paid |  | (78,202 ) |  | (6,707 )
Net cash generated from/(used in) operating activities |  | 521,528 |  | (7,144 )
Cash flows from investing activities
Purchase of tangible assets |  | (1,046,363 ) |  | (268,698 )
Proceeds from disposal of tangible assets |  | 61,038 |  | 6,500
Net cash used in investing activities |  | (985,325 ) |  | (262,198 )
Cash flows from financing activities
Proceeds from issue of share capital |  | - |  | 900
Equity dividends paid |  | (27,705 ) |  | (28,936 )
Proceeds from new bank borrowings |  | 515,174 |  | -
Repayment of bank borrowings |  | - |  | (190,730 )
Repayment of finance leases |  | 46,592 |  | 200,759
Net cash generated from/(used in) financing activities |  | 534,061 |  | (18,007 )
Increase/(decrease) in cash and cash equivalents |  | 70,264 |  | (287,349 )
Cash and cash equivalents at beginning of year | 2 | 1,335,310 |  | 1,622,659
Cash and cash equivalents at end of year | 2 | 1,405,574 |  | 1,335,310

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Highview Group Limited
Notes to the Statement of Cash Flows
For The Year Ended 30 September 2025
Notes to the Statement of Cash Flows
1. Reconciliation of profit for the financial year to cash generated from operations

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Profit for the financial year | 718,608 |  | 394,633
Adjustments for:
Tax on profit | 313,680 |  | 100,415
Interest expense | 252,740 |  | 207,098
Depreciation of tangible assets | 101,246 |  | 74,793
Profit on disposal of tangible assets | (13,314) |  | (6,500)
Movements in working capital:
Increase in stocks | - |  | (467 )
Increase in trade and other debtors | (177,600 ) |  | (1,240,966 )
(Decrease)/increase in trade and other creditors | (342,891 ) |  | 677,655
Net cash generated from operations | 852,469 |  | 206,661

2. Cash and cash equivalents
Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Cash at bank and in hand | 1,405,574 |  | 1,335,310

3. Analysis of changes in net funds

| As at 1 October 2024 | Cash flows | As at 30 September 2025
--- | --- | --- | ---
| £ | £ | £
Cash at bank and in hand | 1,335,310 | 70,264 | 1,405,574
Finance leases | (385,289) | (46,592) | (431,881)
Debts falling due within one year | (108,310 ) | (5,050) | (113,360 )
Debts falling due after more than one year | (223,545) | (510,124) | (733,669)
| 618,166 | (491,502) | 126,664

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Highview Group Limited
Notes to the Financial Statements
For The Year Ended 30 September 2025
Notes to the Financial Statements
1. General Information
Highview Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10349320 . The registered office is First Floor, 39 High Street, Billericay, Essex, CM12 9BA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles | 25% reducing balance
Fixtures & Fittings | 15% reducing balance
Computer Equipment | 25% reducing balance

2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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Highview Group Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.
2.7. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.9. Provisions and Contingencies
Provisions
Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.
Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.
Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as a finance cost.
Contingencies
Contingent liabilities are not recognised. Contingent liabilities arise as a result of past events when (i) it is not probable that there will be an outflow of resources or that the amount cannot be reliably measured at the reporting date or (ii) when the existence will be confirmed by the occurrence or non-occurrence of uncertain future events not wholly within the company’s control. Contingent liabilities are disclosed in the financial statements unless the probability of an outflow of resources is remote.
...CONTINUED
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Highview Group Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
2.9. Provisions and Contingencies - continued
Contingent assets are not recognised. Contingent assets are disclosed in the financial statements when an inflow of economic benefits is probable.
2.10. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Other Operating Income

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other operating income | 7,826 |  | -
| 7,826 |  | -

4. Operating Profit
The operating profit is stated after charging:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bad debts | - |  | (2,575)
Depreciation of tangible fixed assets | 101,246 |  | 74,793

5. Auditor's Remuneration
Remuneration received by the company's auditors and their associates during the year was as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Audit Services
Audit of the company's financial statements | 16,000 |  | 15,000

6. Staff Costs
Staff costs, including directors' remuneration, were as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Wages and salaries | 2,240,697 |  | 1,679,848
Social security costs | 151,398 |  | 217,763
Other pension costs | 57,859 |  | 51,900
| 2,449,954 |  | 1,949,511

7. Average Number of Employees
Average number of employees, including directors, during the year was: 35 (2024: 30)
35 30
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Highview Group Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
8. Directors' remuneration

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Emoluments | 272,375 |  | 465,916
Company contributions to money purchase pension schemes | 10,895 |  | 14,003
| 283,270 |  | 479,919

Information regarding the highest paid director was as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Emoluments | 130,000 |  | 170,000
Company contributions to money purchase pension schemes | 5,200 |  | 5,120
| 135,200 |  | 175,120

9. Interest Payable and Similar Charges

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 51,237 |  | 31,686
Interest payable on other loans | 723 |  | 51
Factoring charges | 175,933 |  | 159,292
Finance charges payable under finance leases and hire purchase contracts | 24,847 |  | 16,069
| 252,740 |  | 207,098

10. Tax on Profit

The tax charge on the profit for the year was as follows:
| Tax Rate | 2025 |  | 2024
--- | --- | --- | --- | ---
| 2025 | 2024 | £ |  | £
Current tax
UK Corporation Tax | 25.0% | - | 352,193 |  | 74,496
Prior period adjustment | (67,205 ) |  | -
| 284,988 |  | 74,496
Deferred Tax
Deferred taxation | 28,692 |  | 25,919
Total tax charge for the period | 313,680 |  | 100,415
The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
| 2025 |  | 2024
| £ |  | £
Profit before tax | 1,032,288 |  | 495,048
Tax on profit at 25% (UK standard rate) | 258,072 |  | 123,761
Expenses not deductible for tax purposes | 148,127 |  | 59,068
Capital allowances | (54,006 ) |  | (37,423 )

...CONTINUED
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Highview Group Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025

Short term timing differences | 28,692 |  | 25,919
Research and Development tax credit | - |  | (70,910 )
Prior period adjustment | (67,205 ) |  | -
Total tax charge for the period | 313,680 |  | 100,415

11. Tangible Assets

| Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost
As at 1 October 2024 | 533,435 | 18,893 | 24,353 | 576,681
Additions | 183,719 | 4,844 | - | 188,563
Disposals | (113,124 ) | - | - | (113,124 )
As at 30 September 2025 | 604,030 | 23,737 | 24,353 | 652,120
Depreciation
As at 1 October 2024 | 145,472 | 12,963 | 17,814 | 176,249
Provided during the period | 98,116 | 1,495 | 1,635 | 101,246
Disposals | (65,400 ) | - | - | (65,400 )
As at 30 September 2025 | 178,188 | 14,458 | 19,449 | 212,095
Net Book Value
As at 30 September 2025 | 425,842 | 9,279 | 4,904 | 440,025
As at 1 October 2024 | 387,963 | 5,930 | 6,539 | 400,432

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Motor Vehicles | 425,842 |  | 387,963

12. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 1 October 2024 | -
Additions | 857,800
As at 30 September 2025 | 857,800

13. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 26,284 |  | 26,284

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Highview Group Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
14. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 735,680 |  | 2,130,218
Amounts recoverable on contracts | 4,444,906 |  | 2,967,431
Amounts owed by group undertakings | 15,840 |  | 15,800
Other debtors | 1,277,466 |  | 1,182,843
| 6,473,892 |  | 6,296,292

15. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 65,596 |  | 53,653
Trade creditors | 2,140,333 |  | 2,754,837
Bank loans and overdrafts | 113,360 |  | 108,310
Amounts owed to group undertakings | 591,119 |  | 681,474
Other creditors | 119,558 |  | 621,506
Corporation tax | 352,193 |  | 145,407
Taxation and social security | 472,894 |  | 166,151
Accruals and deferred income | 2,473,566 |  | 1,916,393
| 6,328,619 |  | 6,447,731

16. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 366,285 |  | 331,636
Bank loans | 733,669 |  | 223,545
| 1,099,954 |  | 555,181

Of the creditors the following amounts are secured by a fixed and floating charge over the assets of the company.

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 847,029 |  | 331,855
Other Creditors | - |  | 487,628

17. Loans
An analysis of the maturity of loans is given below:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Amounts falling due within one year or on demand:
Bank loans | 113,360 |  | 108,310

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Amounts falling due between one and five years:
Bank loans | 733,669 |  | 223,545

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Highview Group Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
18. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 65,596 |  | 53,653
Later than one year and not later than five years | 366,285 |  | 331,636
| 431,881 |  | 385,289
| 431,881 |  | 385,289

19. Deferred Taxation
The provision for deferred tax is made up as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other timing differences | 54,612 |  | 25,919

20. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
1,000 Ordinary Shares of £ 1.00 each | 1,000 |  | 1,000

21. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
During the year the charge to the profit and loss account in respect of defined contribution schemes was £57,859 (2024: £51,900).
At the balance sheet date contributions of £13,384 (2024: £9,705) were due to the fund and are included in creditors.
22. Dividends

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
On equity shares:
Final dividend paid | 27,705 |  | 28,936

23. Controlling Parties
The company's immediate parent undertaking is Highview Group Holdings limited .
The ultimate parent undertaking is Highview Group Holdings Limited (incorporated in England & Wales). Its registered office is First Floor, 39 High Street, Billericay, Essex CM12 9BA .
The company's ultimate controlling party is Highview Group Holdings Limited by virtue of their interest in the share capital of the company.
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