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Company registration number: 03149626
MCFOUR LIMITED
FINANCIAL STATEMENTS
31 July 2025
MCFOUR LIMITED
Contents
Directors and other information
Strategic report
Director's report
Independent auditor's report to the member
Statement of comprehensive income
Statement of financial position
Statement of changes in equity
Statement of cash flows
Notes to the financial statements
MCFOUR LIMITED
DIRECTORS AND OTHER INFORMATION

| Director | Mr Martin McDermott
| Secretary | Mrs Jacqueline Davies
| Company number | 03149626
| Registered office | The Yard
|  | Prees Heath
|  | Whitchurch
|  | Shropshire
|  | SY13 3JX
| Business address | The Yard
|  | Prees Heath
|  | Whitchurch
|  | Shropshire
|  | SY13 3JX
| Auditor | BK Plus Audit Limited
|  | Graphic House
|  | City Road
|  | Stoke on Trent
|  | Staffordshire
|  | ST4 2PH
| Accountants | Stubbs Parkin South
|  | The Manse
|  | Dodington
|  | Whitchurch
|  | Shropshire
|  | SY13 1DZ

MCFOUR LIMITED
STRATEGIC REPORT
YEAR ENDED 31 JULY 2025
Review of the Business
McFour Limited is a construction company providing civil engineering and groundworks across a number of sectors including highways and transportation, rail, health, retail, commercial, infrastructure and housing. Our Head Office and plant yard is based in Whitchurch, Shropshire, which serves to support our site operations throughout the Midlands, Northwest/Yorkshire and Wales. Specific contracts are undertaken for long-standing clients throughout the country on a required basis.
Activities for the year ending 31st July 2025
McFour Limited has continued to enhance and develop long-standing relationships with existing Tier 1 clients, whilst also taking the opportunity to forge potential new relationships where appropriate. Since the year end the company has also invested in land/property with the view to positioning the company to take advantage of the opportunities in the government proposed intention to substantially invest in housing to increase the national housing stock. The company currently has one Passiv Haus scheme under construction and a large scheme moving through the planning process. During this period the business continued to develop on its long recognised core strength to offer our clients greater services, whilst at the same time successfully undertaking some of the largest projects to date. The company continues to strive and consolidate its reputation for the safe and efficient delivery of projects and to continue its reputation for high quality work. As in all previous years the health, safety and welfare of our clients and staff will remain the mainstay of our business.
Profit, loss and turnover
The focus on delivering a quality product has continued, however due to the delay in the start and the re-scoping of a number of contracts due to commence, turnover has fallen in the period to £5,644,890 with a loss in the period of £1,273,136 before taxation. The company has continued to maintain a strong cash balance, however due to the loss the net assets have fallen marginally in the period. These actions were anticipated and planned for with the slow delivery of projects to come to construction phase, but keeping the core teams ready in place for an upturn in activity. The company continues to operate prudently from a strong asset base. To facilitate the safe and efficient delivery of contracts for our clients the company has continued to invest in the latest plant and safety equipment, vehicles and technology to support our site operations. The business will continue to focus on working with Tier 1 clients and contractors of established and reputable standing as this is most likely to mitigate financial risk and result in more attractive opportunities. The company continues to engage and support site based and local charitable intiatives whilst supporting locally based charitable and/or social initiatives.
Principal risks and uncertainties
The company continues to find numerous opportunities going forward, however considering the recent uncertainty in the construction sector due to the ongoing delay in the pipeline of work opportunities due to government and financial delays, this has resulted in a number of potential contracts being delayed in going to contract. The company will continue to oprerate with a conservative view as per the clients that we choose to work with and maintain strong financial controls over our projects to maintain our positive liquidity. To this end the business will continue to utilise financial tools and industry data to assist in the decision making process in order to determine the type of clients and contracts to be pursued. The company will continue to adopt a flexible attitude to the markets in which we work however we will continue to operate taking due cognizance of the company's core skills and capabilities.
Other information and explanations
The company's principal objective is to remain focussed on winning projects that are profitable and sustainable for the company. The company will continue to take a considered view on the types of projects tendered, rather than taking on projects that will not produce a net return on investment. We will continue to develop relationships with Tier 1/ Blue Chip companies to maintain a regular and sustainable pipeline of profitable contract options. The company will continue to focus on these objectives in the year ahead:
- Liquidity and cashflow management;
- Continuing strong control on costs;
- Concentration of maintaining acceptable margins and continue to work with suitable Tier 1/Blue Chip clients and developing the capacity of the Principal Contractor aspect of the company;
- Continued investments in staff, training to improve skills and towards sustainable long term employment opportunities;
- Continuing investment in new plant, equipment and technologies with a focus on reduction of fuel costs, emissions and carbon footprint;
-Continuing investment in energy efficiency in Head Office and plant yard to further utilise current benefits from investment in solar and water harvesting, and expansion of the Head Office facilities and footprint.
This report was approved by the board of directors on 31 March 2026 and signed on behalf of the board by:
Mr Martin McDermott
Director
MCFOUR LIMITED
DIRECTOR'S REPORT
YEAR ENDED 31 JULY 2025
The director presents his report and the financial statements of the company for the year ended 31 July 2025.
Director
The director who served the company during the year was as follows:

Mr Martin McDermott

Dividends
No dividends were paid in the year. The director does not recommend payment of a final dividend.
Director's responsibilities statement
The director is responsible for preparing the strategic report, director's report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is 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 him 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.
Auditor
Each of the persons who is a director at the date of approval of this report confirms that:
- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.
The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.
This report was approved by the board of directors on 31 March 2026 and signed on behalf of the board by:
Mr Martin McDermott
Director
MCFOUR LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBER OF
MCFOUR LIMITED
YEAR ENDED 31 JULY 2025
Opinion
We have audited the financial statements of McFour Limited (the 'company') for the year ended 31 July 2025 which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity, statement of cash flows and 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 FRS 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 July 2025 and of its 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 director's 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 director 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 director is responsible for the other information. 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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 director's report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the strategic report and the director's report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the director's report. 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 the returns; or - certain disclosures of director's 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 director's responsibilities statement, the director is 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 director determines 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 director is 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 director either intends to liquidate the company or to cease operations, or has 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.
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:
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities,
including fraud and non-compliance with laws and regulations, was as follows:
- the engagement partner ensured that the engagement team collectively had the appropriate competence,
capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the company through discussions with directors and other management and from our knowledge and experience of the client and business in similar sectors;
- we assessed the extent of compliance with the laws and regulations identified through making enquiries of management and inspecting any available legal correspondence; and
- the audit team were in regular communication in relation to laws and regulations and potential instances of non-compliance throughout the audit.
We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud: and
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
To address the risk of fraud through management bias and override of controls, we:
- performed analytical prpcedures to identify any unusual or unexpected relationships:
- tested journal entries to identify unusual transactions;
- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias: and
- investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularites and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation;
- enquiring of management as to actual and potential litigations and claims;
- reviewing legal and professional expenses for ongoing litigation work: and
-
reviewing correspondence with HMRC.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. The risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities is available on the Financial Reporting Council's website at : http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use of our report
This report is made solely to the company's member, 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 member those matters we are required to state to him in an auditors 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 member as a body, for our audit work, for this report, or for the opinions we have formed.
Karen Staley BSc FCA (Senior Statutory Auditor)
For and on behalf of
BK Plus Audit Limited
Chartered Certified Accountants
Graphic House
City Road
Stoke on Trent
Staffordshire
ST4 2PH
31 March 2026
MCFOUR LIMITED
STATEMENT OF COMPREHENSIVE INCOME
YEAR ENDED 31 JULY 2025

|  |  |  | 2025 |  | 2024 |  |
|  | Note |  | £ |  | £ |  |
Turnover |  | 4 |  |  | 5,644,890 |  | 12,452,892 |
Cost of sales |  |  |  |  | ( 4,290,545) |  | ( 7,281,591) |
|  |  |  |  | _______ |  | _______ |
Gross profit |  |  |  |  | 1,354,345 |  | 5,171,301 |
Administrative expenses |  |  |  |  | ( 2,800,966) |  | ( 3,593,838) |
|  |  |  |  | _______ |  | _______ |
Operating (loss)/profit |  | 5 |  |  | ( 1,446,621) |  | 1,577,463 |
Other interest receivable and similar income |  | 8 |  |  | 204,264 |  | 296,191 |
Interest payable and similar expenses |  | 9 |  |  | ( 30,779) |  | ( 39,235) |
|  |  |  |  | _______ |  | _______ |
(Loss)/profit before taxation |  | 10 |  |  | ( 1,273,136) |  | 1,834,419 |
Tax on (loss)/profit |  | 11 |  |  | 703,959 |  | ( 458,635) |
|  |  |  |  | _______ |  | _______ |
(Loss)/profit for the financial year and total comprehensive income |  |  |  |  | ( 569,177) |  | 1,375,784 |
|  |  |  |  | _______ |  | _______ |

All the activities of the company are from continuing operations.
MCFOUR LIMITED
STATEMENT OF FINANCIAL POSITION
31 JULY 2025

|  |  | 2025 |  |  |  | 2024 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Tangible assets |  | 12 | 3,449,216 |  |  |  | 3,350,350 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  |  |  | 3,449,216 |  |  |  | 3,350,350
Current assets |  |  |  |  |  |  |  |  |
Stocks |  | 13 | 1,144,163 |  |  |  | 866,461 |  |
Debtors |  | 14 | 5,989,338 |  |  |  | 3,747,004 |  |
Cash at bank and in hand |  |  | 3,198,945 |  |  |  | 6,416,239 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 10,332,446 |  |  |  | 11,029,704 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 15 | ( 1,457,499) |  |  |  | ( 1,297,830) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current assets |  |  |  |  | 8,874,947 |  |  |  | 9,731,874
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | 12,324,163 |  |  |  | 13,082,224
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
after more than one year |  | 16 |  |  | ( 167,290) |  |  |  | ( 20,676)
Provisions for liabilities |  | 18 |  |  | ( 346,194) |  |  |  | ( 681,692)
|  |  |  |  | _______ |  |  |  | _______
Net assets |  |  |  |  | 11,810,679 |  |  |  | 12,379,856
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  | 21 |  |  | 100 |  |  |  | 100
Profit and loss account |  |  |  |  | 11,810,579 |  |  |  | 12,379,756
|  |  |  |  | _______ |  |  |  | _______
Shareholder funds |  |  |  |  | 11,810,679 |  |  |  | 12,379,856
|  |  |  |  | _______ |  |  |  | _______

These financial statements were approved by the board of directors and authorised for issue on 31 March 2026 , and are signed on behalf of the board by:
Mr Martin McDermott
Director
Company registration number: 03149626
MCFOUR LIMITED
STATEMENT OF CHANGES IN EQUITY
YEAR ENDED 31 JULY 2025

|  | Called up share capital |  | Profit and loss account | Total |  |  |  |  |
|  | £ |  | £ | £ |  |  |  |  |
At 1 August 2023 (as previously reported) |  | 100 |  | 10,536,580 | 10,536,680 |  |  |  |  |
Prior period adjustments |  | (-) |  | 467,392 | 467,392 |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
At 1 August 2023 (restated) |  | 100 |  | 11,003,972 | 11,004,072 |  |  |  |  |
(Loss)/profit for the year |  |  |  | 1,375,784 | 1,375,784 |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
Total comprehensive income for the year |  | - |  | 1,375,784 | 1,375,784 |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
At 31 July 2024 and 1 August 2024 |  | 100 |  | 12,379,756 | 12,379,856 |  |  |  |  |
(Loss)/profit for the year |  |  |  | ( 569,177) | ( 569,177) |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
Total comprehensive income for the year |  | - |  | ( 569,177) | ( 569,177) |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
At 31 July 2025 |  | 100 |  | 11,810,579 | 11,810,679 |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |

MCFOUR LIMITED
STATEMENT OF CASH FLOWS
YEAR ENDED 31 JULY 2025

|  | 2025 |  | 2024 |
|  | £ |  | £ |
Cash flows from operating activities |  |  |  |  |
(Loss)/profit for the financial year |  | ( 569,177) |  | 1,375,784 |
Adjustments for: |  |  |  |  |
Depreciation of tangible assets |  | 635,016 |  | 596,293 |
Other interest receivable and similar income |  | ( 204,264) |  | ( 296,191) |
Interest payable and similar expenses |  | 30,779 |  | 39,235 |
Gain/(loss) on disposal of tangible assets |  | ( 48,451) |  | 5,752 |
Tax on loss/profit |  | ( 703,959) |  | 458,635 |
Accrued expenses/(income) |  | 42,741 |  | 8,930 |
Changes in: |  |  |  |  |
Stocks |  | ( 277,702) |  | 245,216 |
Trade and other debtors |  | ( 1,524,510) |  | ( 2,028,762) |
Trade and other creditors |  | 254,895 |  | ( 388,382) |
|  | _______ |  | _______ |
Cash generated from operations |  | ( 2,364,632) |  | 16,510 |
Interest paid |  | ( 30,779) |  | ( 39,235) |
Interest received |  | 204,264 |  | 296,191 |
Tax paid |  | ( 280,816) |  | ( 727,153) |
|  | _______ |  | _______ |
Net cash used in operating activities |  | ( 2,471,963) |  | ( 453,687) |
|  | _______ |  | _______ |
Cash flows from investing activities |  |  |  |  |
Purchase of tangible assets |  | ( 797,882) |  | ( 116,110) |
Proceeds from sale of tangible assets |  | 112,450 |  | 71,500 |
|  | _______ |  | _______ |
Net cash used in investing activities |  | ( 685,432) |  | ( 44,610) |
|  | _______ |  | _______ |
Cash flows from financing activities |  |  |  |  |
Payment of finance lease liabilities |  | ( 59,900) |  | ( 526,826) |
|  | _______ |  | _______ |
Net cash used in financing activities |  | ( 59,900) |  | ( 526,826) |
|  | _______ |  | _______ |
Net increase/(decrease) in cash and cash equivalents |  | ( 3,217,295) |  | ( 1,025,123) |
Cash and cash equivalents at beginning of year |  | 6,416,239 |  | 7,441,362 |
|  | _______ |  | _______ |
Cash and cash equivalents at end of year |  | 3,198,944 |  | 6,416,239 |
|  | _______ |  | _______ |

MCFOUR LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is McFour Limited, The Yard, Prees Heath, Whitchurch, Shropshire, SY13 3JX.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Buildings | - | 2 % | reducing balance
| Plant and machinery | - | 15 % | reducing balance
| Fittings fixtures and equipment | - | 15 % | reducing balance
| Motor vehicles | - | 20 % | reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Hire purchase and finance leases
Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or 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 that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Turnover
The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.
5. Operating loss/profit
Operating loss/profit is stated after charging/(crediting):

|  |  |  | 2025 | 2024
|  |  |  | £ | £
| Depreciation of tangible assets |  |  | 635,016 | 596,293
| (Gain)/loss on disposal of tangible assets |  |  | ( 48,451) | 5,752
| Impairment of trade debtors |  |  | (623) | 3,982
| Fees payable for the audit of the financial statements |  |  | 9,251 | 8,500
|  |  |  | _______ | _______

6. Staff costs
The average number of persons employed by the company during the year, including the director, amounted to:

|  |  | 2025 | 2024
| Production staff |  | 26 | 31
| Administrative staff |  | 17 | 17
|  |  | _______ | _______
|  |  | 43 | 48
|  |  | _______ | _______

The aggregate payroll costs incurred during the year were:

|  |  | 2025 | 2024
|  |  | £ | £
| Wages and salaries |  | 2,595,888 | 2,863,249
| Other pension costs |  | 113,309 | 850,994
|  |  | _______ | _______
|  |  | 2,709,197 | 3,714,243
|  |  | _______ | _______

7. Directors remuneration
The director's aggregate remuneration in respect of qualifying services was:

|  |  | 2025 | 2024
|  |  | £ | £
| Remuneration |  | 136,706 | 80,484
| Company contributions to pension schemes in respect of qualifying services |  | 19,982 | 95,232
|  |  | _______ | _______
|  |  | 156,688 | 175,716
|  |  | _______ | _______

8. Other interest receivable and similar income

|  |  | 2025 | 2024
|  |  | £ | £
| Loans and receivables |  | 69,509 | -
| Bank deposits |  | 107,697 | 286,151
| Other interest receivable and similar income |  | 27,058 | 10,040
|  |  | _______ | _______
|  |  | 204,264 | 296,191
|  |  | _______ | _______

9. Interest payable and similar expenses

|  |  |  | 2025 | 2024
|  |  |  | £ | £
| Other loans made to the company: |  |  |  |
|  | Finance leases and hire purchase contracts |  | 30,779 | 39,235
|  |  |  | _______ | _______
|  |  |  | 30,779 | 39,235
|  |  |  | _______ | _______

10. Loss/profit before taxation
Loss/profit before taxation is stated after charging/(crediting):

|  |  |  | 2025 | 2024
|  |  |  | £ | £
| Depreciation of tangible assets |  |  | 635,016 | 596,293
| Fees payable for the audit of the financial statements |  |  | 9,251 | 8,500
|  |  |  | _______ | _______

11. Tax on loss/profit
Major components of tax income/expense

|  |  | 2025 | 2024
|  |  | £ | £
| Current tax: |  |  |
| UK current tax income/expense |  | ( 368,461) | 574,237
|  |  | _______ | _______
| Total UK current tax |  | ( 368,461) | 574,237
| Deferred tax: |  |  |
| Origination and reversal of timing differences |  | ( 335,498) | ( 115,602)
|  |  | _______ | _______
| Tax on loss/profit |  | ( 703,959) | 458,635
|  |  | _______ | _______

Reconciliation of tax income/expense
The tax assessed on the loss/profit for the year is lower than (2024: higher than) the standard rate of corporation tax in the UK of 25.00 % (2024: 25.00%).

|  |  | 2025 | 2024
|  |  | £ | £
| (Loss)/profit before taxation |  | ( 1,273,136) | 1,834,419
|  |  | _______ | _______
| (Loss)/profit multiplied by rate of tax |  | ( 318,284) | 458,605
| Effect of expenses not deductible for tax purposes |  | 332 | 187
| Effect of capital allowances and depreciation |  | ( 35,615) | 115,445
| Utilisation of tax losses |  | ( 368,461) | -
| Accelerated capital allowances |  | 35,446 | ( 115,602)
| Interest accrued not received |  | (17,377) | -
|  |  | _______ | _______
| Tax on loss/profit |  | ( 703,959) | 458,635
|  |  | _______ | _______

12. Tangible assets

|  | Freehold and leasehold properties | Plant and machinery | Fixtures, fittings and equipment | Motor vehicles | Total |  |
|  | £ | £ | £ | £ | £ |  |
| Cost |  |  |  |  |  |  |
| At 1 August 2024 | 129,462 | 5,920,132 | 114,059 | 1,227,631 | 7,391,284 |  |
| Additions | - | 271,239 | 26,718 | 499,924 | 797,881 |  |
| Disposals | - | - | ( 7,505) | ( 355,064) | ( 362,569) |  |
|  | _______ | _______ | _______ | _______ | _______ |  |
| At 31 July 2025 | 129,462 | 6,191,371 | 133,272 | 1,372,491 | 7,826,596 |  |
|  | _______ | _______ | _______ | _______ | _______ |  |
| Depreciation |  |  |  |  |  |  |
| At 1 August 2024 | 4,308 | 3,078,473 | 64,897 | 893,255 | 4,040,933 |  |
| Charge for the year | 2,503 | 466,935 | 10,973 | 154,606 | 635,017 |  |
| Disposals | - | - | ( 4,777) | ( 293,793) | ( 298,570) |  |
|  | _______ | _______ | _______ | _______ | _______ |  |
| At 31 July 2025 | 6,811 | 3,545,408 | 71,093 | 754,068 | 4,377,380 |  |
|  | _______ | _______ | _______ | _______ | _______ |  |
| Carrying amount |  |  |  |  |  |  |
| At 31 July 2025 | 122,651 | 2,645,963 | 62,179 | 618,423 | 3,449,216 |  |
|  | _______ | _______ | _______ | _______ | _______ |  |
| At 31 July 2024 | 125,154 | 2,841,659 | 49,162 | 334,376 | 3,350,351 |  |
|  | _______ | _______ | _______ | _______ | _______ |  |

13. Stocks

|  |  | 2025 | 2024
|  |  | £ | £
| Work in progress |  | 1,144,163 | 866,461
|  |  | _______ | _______

14. Debtors

|  |  | 2025 | 2024
|  |  | £ | £
| Trade debtors |  | 93,389 | 169,468
| Prepayments and accrued income |  | 168,898 | 164,047
| Other debtors |  | 5,727,051 | 3,413,489
|  |  | _______ | _______
|  |  | 5,989,338 | 3,747,004
|  |  | _______ | _______

The company is keen to support activities that beneficially impact the local area and have provided a short term loan of £1,538,072 on favourable terms to support a Community interest group operating an organic farm. The loan is included within Other debtors and is repayable by 30 June 2026 and is secured over freehold land owned by the Community interest group. Further loans in Other debtors are noted in the Related party note (note 25).
15. Creditors: amounts falling due within one year

|  |  | 2025 | 2024
|  |  | £ | £
| Trade creditors |  | 680,440 | 429,913
| Accruals and deferred income |  | 60,491 | 17,750
| Corporation tax |  | 349,363 | 280,816
| Social security and other taxes |  | 79,226 | 97,736
| Obligations under finance leases |  | 158,999 | 365,513
| Other creditors |  | 128,980 | 106,102
|  |  | _______ | _______
|  |  | 1,457,499 | 1,297,830
|  |  | _______ | _______

16. Creditors: amounts falling due after more than one year

|  |  | 2025 | 2024
|  |  | £ | £
| Obligations under finance leases |  | 167,290 | 20,676
|  |  | _______ | _______

17. Obligations under finance leases
Company lessee
The total future minimum lease payments under finance lease agreements are as follows:

|  |  | 2025 | 2024
|  |  | £ | £
| Not later than 1 year |  | 158,999 | 365,514
| Later than 1 year and not later than 5 years |  | 167,290 | 20,676
|  |  | _______ | _______
|  |  | 326,289 | 386,190
|  |  | _______ | _______
| Present value of minimum lease payments |  | 326,289 | 386,190
|  |  | _______ | _______

Obligations under finance lease are secured on the assets to which they relate.
18. Provisions

|  | Deferred tax (note 19) | Total |  |  |
|  | £ | £ |  |  |
| At 1 August 2024 | 681,692 | 681,692 |  |  |
| Additions | 35,446 | 35,446 |  |  |
| Losses carried forward | ( 370,944) | ( 370,944) |  |  |
|  | _______ | _______ |  |  |
| At 31 July 2025 | 346,194 | 346,194 |  |  |
|  | _______ | _______ |  |  |

19. Deferred tax
The deferred tax included in the statement of financial position is as follows:

|  |  | 2025 | 2024
|  |  | £ | £
| Included in provisions (note 18) |  | 346,194 | 681,692
|  |  | _______ | _______

The deferred tax account consists of the tax effect of timing differences in respect of:

|  |  | 2025 | 2024
|  |  | £ | £
| Accelerated capital allowances |  | 717,138 | 681,692
| Unused tax losses |  | ( 370,944) | -
|  |  | _______ | _______
|  |  | 346,194 | 681,692
|  |  | _______ | _______

20. Employee benefits
The amount recognised in profit or loss in relation to defined contribution plans was £ 113,309 (2024: £ 850,994 ).
21. Called up share capital
Issued, called up and fully paid

|  |  | 2025 |  |  |  | 2024 |  |
|  |  | No |  | £ |  | No |  | £
| Ordinary shares shares of £ 1.00 each |  | 100 |  | 100 |  | 100 |  | 100
|  |  | _______ |  | _______ |  | _______ |  | _______

22. Analysis of changes in net debt

|  | At 1 August 2024 | Cash flows | At 31 July 2025 |  |  |
|  | £ | £ | £ |  |  |
| Cash and cash equivalents | 6,416,239 | (3,217,294) | 3,198,945 |  |  |
| Debt due within one year | (365,513) | 206,514 | (158,999) |  |  |
| Debt due after one year | (20,676) | (146,614) | (167,290) |  |  |
|  | _______ | _______ | _______ |  |  |
|  | 6,030,050 | ( 3,157,394) | 2,872,656 |  |  |
|  | _______ | _______ | _______ |  |  |

23. Directors advances, credits and guarantees

| During the year the director entered into the following advances and credits with the company: |  |  |  |  |  |
2025 |  |  |  |  |  |  |
|  | Balance brought forward | Advances /(credits) to the director | Balance o/standing |  |  |
|  | £ | £ | £ |  |  |
| Mr Martin McDermott | 1,037,893 | 285,151 | 1,323,044 |  |  |
|  | _______ | _______ | _______ |  |  |
2024 |  |  |  |  |  |  |
|  | Balance brought forward | Advances /(credits) to the director | Balance o/standing |  |  |
|  | £ | £ | £ |  |  |
| Mr Martin McDermott | 851,041 | 186,852 | 1,037,893 |  |  |
|  | _______ | _______ | _______ |  |  |

The outstanding balance is shown in other debtors. No interest has been charged on this loan.
24. Controlling party
The company is controlled by the director Mr Martin McDermott .
25. Related party transactions
During the year the company entered into the following transactions with related parties:

|  | Transaction value |  | Balance owed by |
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Other related party | 1,440,661 | - | 1,440,661 | -
|  | _______ | _______ | _______ | _______

The relationship of the other related party are close family members of the shareholder. The outstanding balances are shown in other debtors. No interest has been charged on these unsecured loans.