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Registered number: NI682378
Colinwell Masonry Products Limited
Strategic Report, Directors' Report and
Financial Statements
For The Year Ended 31 July 2025
Colinwell Masonry Products Limited
Contents
Contents

| Page
--- | ---
Strategic Report | 1
Directors' Report | 2
Independent Auditor's Report | 3—5
Profit and Loss Account | 6
Statement of Comprehensive Income | 7
Balance Sheet | 8
Statement of Changes in Equity | 9
Notes to the Financial Statements | 10—14

Page 1
Colinwell Masonry Products Limited
Strategic Report
For The Year Ended 31 July 2025
Strategic Report
The directors present their strategic report for the year ended 31 July 2025.
Principal Activity
The company's principal activity continues to be that of manufacture of construction products.
Review of the Business
The directors are pleased to report that the company had another successful year of trading. The results for the year are set out in the financial statements and show a profitable outcome.
During the prior period, the company changed its accounting reference date to align with its parent undertaking. As a result, the comparative figures cover the four-month period from 1 April 2024 to 31 July 2024 and are therefore not directly comparable with the current year.
The increase in revenue and profitability in the current year reflects both this difference in reporting periods and continued strong trading performance. The year-end financial position is set out in the Balance Sheet.
The directors view the outlook for the company with confidence.
Principal Risks and Uncertainties

| 2025 |  | 2024
| £ |  | £
Revenue | 4,899,487 |  | 1,446,651
Gross Profit | 2,466,156 |  | 685,089
Profit before Taxation | 1,145,042 |  | 321,690

The comparative figures relate to the four-month period from 1 April 2024 to 31 July 2024 following a change in the company’s accounting reference date to align with its parent undertaking. Accordingly, the current year figures are not directly comparable with the prior period.
The increase in revenue and profitability reflects both the extended reporting period and continued strong underlying trading performance during the year.
Financial risk management objectives and policies
The company's operations expose it to financial risks that include the effects of changes in market prices, credit risk and
liquidity risk. The company has in place a risk management programme to monitor its exposure to financial risk. The directors
have the responsibility of monitoring financial risk and the policies set by the directors are implemented by the company's
finance department.
Price Risk
The company is exposed to commodity price risk as a result of its operations. However, given the size of the company's operations, the costs of managing the exposure to commodity price risk exceed any potential benefits. The directors will revisit the appropriateness of this policy should the company's operations change in size or nature.
Credit Risk
The company has implemented policies that require appropriate credit checks on potential customers before sales are made.
The amount of exposure to individual customers is subject to a limit, which is reviewed regularly by the directors and the
credit controllers.
On behalf of the board

Mr Alan Sproule Director
21 April 2026

Page 1
Page 2
Colinwell Masonry Products Limited
Company No. NI682378
Directors' Report For The Year Ended 31 July 2025
Directors' Report
The directors present their report and the financial statements for the year ended 31 July 2025.
Directors
The directors who held office during the year were as follows:

Mr Daniel McIlroy
Mr David McIlroy
Mr Samuel McIlroy
Mr Michael McGuigan | Resigned | 28/02/2025
Mr Alan Sproule
Mr Franklin McIlroy

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 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;
- 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.

Independent Auditors
The auditors, KGA Accountants LLP, 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 Alan Sproule Director
21 April 2026

Page 2
Page 3
Independent Auditor's Report
to the Members of
Colinwell Masonry Products Limited
Independent Auditor's Report
Opinion
We have audited the financial statements of Colinwell Masonry Products Limited for the year ended 31 July 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 31 July 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.

Page 3
Page 4
Independent Auditor's Report (continued)
to the Members of
Colinwell Masonry Products 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 2, 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 framework that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, pensions and tax legislation, environmental regulations and health and safety laws, together with the provisions of other laws and regulations that do not have a direct effect on the financial statements, but compliance with which may be fundamental to the company’s ability to operate or to avoid a material penalty.
We tailored our response to those identified risks to include enquiring of management concerning actual and potential litigation and claims, performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud, and reviewing correspondence with tax authorities and other regulatory bodies.
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. We design and perform audit procedures responsive to those risks including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with Laws and Regulations, we considered the following :
-The nature of the industry and sector, control environment and business performance including the groups remuneration policies, and performance targets.
Results of our enquiries of management and other key persons about the groups own identification and assessment of the risks of irregularities , including those that may occur a as result of fraud and error, and matters we identified from the groups policies and procedures and internal controls and the matters discussed among the audit team regarding potential indicators of fraud and where it might occur in the financial statements.
In addressing the risk of fraud through management override of controls we tested the appropriateness of journal entries and other adjustments, assessed whether the judgements made in making accounting estimates are indicative of a potential bias, and evaluated the business rationale of any significant transactions that are outside the normal course of business.
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. This 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 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.
Page 4
Page 5
Independent Auditor's Report (continued)
to the Members of
Colinwell Masonry Products 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.

Eunan Kerlin (Senior Statutory Auditor) for and on behalf of KGA Accountants LLP , Statutory Auditor
21 April 2026

Page 5
Page 6
Colinwell Masonry Products Limited
Profit and Loss Account
For The Year Ended 31 July 2025
Profit and Loss Account

| 31 July 2025 |  | 31 July 2024
--- | --- | --- | ---
| Notes | £ |  | £
TURNOVER |  | 4,899,487 |  | 1,446,651
Cost of sales |  | (2,433,331 ) |  | (761,562 )
GROSS PROFIT |  | 2,466,156 |  | 685,089
Administrative expenses |  | (1,319,315 ) |  | (364,666 )
OPERATING PROFIT |  | 1,146,841 |  | 320,423
Profit on disposal of fixed assets |  | 167 |  | -
Other interest receivable and similar income | 6 | 327 |  | 1,267
Interest payable and similar charges | 7 | (2,293 ) |  | -
PROFIT BEFORE TAXATION |  | 1,145,042 |  | 321,690
Tax on Profit | 8 | (286,235 ) |  | (79,566 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |  | 858,807 |  | 242,124

The notes on pages 10 to 14 form part of these financial statements.
Page 6
Page 7
Colinwell Masonry Products Limited
Statement of Comprehensive Income
For The Year Ended 31 July 2025
Statement of Comprehensive Income

| 31 July 2025 |  | 31 July 2024
--- | --- | --- | ---
| £ |  | £
PROFIT FOR THE FINANCIAL YEAR |  | 858,807 |  | 242,124
OTHER COMPREHENSIVE INCOME FOR THE YEAR |  | - |  | -
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |  | 858,807 |  | 242,124

Page 7
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Colinwell Masonry Products Limited
Balance Sheet
As At 31 July 2025
Balance Sheet
Registered number: NI682378

| 31 July 2025 | 31 July 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 9 |  | 667,041 |  | 612,817
|  |  | 667,041 |  | 612,817
CURRENT ASSETS
Stocks | 10 | 319,164 |  | 226,813 |
Debtors | 11 | 3,287,231 |  | 2,197,800 |
Cash at bank and in hand |  | 97,145 |  | 234,485 |
|  | 3,703,540 |  | 2,659,098 |
Creditors: Amounts Falling Due Within One Year | 12 | (1,094,318 ) |  | (867,271 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 2,609,222 |  | 1,791,827
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 3,276,263 |  | 2,404,644
PROVISIONS FOR LIABILITIES
Deferred Taxation | 13 |  | (160,601 ) |  | (147,789 )
NET ASSETS |  |  | 3,115,662 |  | 2,256,855
CAPITAL AND RESERVES
Called up share capital | 15 |  | 3 |  | 3
Share premium account |  |  | 1,859,990 |  | 1,859,990
Profit and Loss Account |  |  | 1,255,669 |  | 396,862
SHAREHOLDERS' FUNDS |  |  | 3,115,662 |  | 2,256,855

On behalf of the board

Mr Alan Sproule Director
21 April 2026

The notes on pages 10 to 14 form part of these financial statements.
Page 8
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Colinwell Masonry Products Limited
Statement of Changes in Equity
For The Year Ended 31 July 2025
Statement of Changes in Equity

| Share Capital | Share Premium | Profit and Loss Account | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
As at 1 April 2024 | 3 | 1,859,990 | 154,738 | 2,014,731
Profit for the period and total comprehensive income | - | - | 242,124 | 242,124
As at 31 July 2024 and 1 August 2024 | 3 | 1,859,990 | 396,862 | 2,256,855
Profit for the year and total comprehensive income | - | - | 858,807 | 858,807
As at 31 July 2025 | 3 | 1,859,990 | 1,255,669 | 3,115,662

Page 9
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Colinwell Masonry Products Limited
Notes to the Financial Statements
For The Year Ended 31 July 2025
Notes to the Financial Statements
1. General Information
Colinwell Masonry Products Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI682378 . The registered office is 37 Colinglen Road, Dunmurry, Belfast, BT17 0LP. The comparative figures represent a short period from 1 April 2024 to 31 July 2024 and are not entirely comparable. This is due to the company changing its accounting reference date to align with the parent company.
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. Significant judgements and estimations
The preparation for financial statements under FRS 102 requires estimates and assumptions to be made that affect both the value at which certain assets and liabilities are held at the balance sheet date and the amounts of revenue and expenditure recorded in the period. The directors believe the accounting policies chosen are appropriate to the particular circumstances and that the estimates, judgements and assumptions involved in the preparation of the financial statements are reasonable.
Accounting estimates made by management are based on information available to management at the time each estimate is made. Accordingly, actual outcomes may differ materially from current expectations. The estimates for which there is a significant risk of material adjustment to the financial statements are as follows:
Depreciation
The directors exercise judgement of the useful economic lives and residual values of all classes of fixed assets.These assets are then depreciated over their useful economic lives to their residual values.
2.3. 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. 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.
2.4. 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:

Plant & Machinery | 10 -33 % straight line
Motor Vehicles | 25 -33 % straight line
Fixtures & Fittings | 25% straight line
Computer Equipment | 33- 52 % straight line

2.5. 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 costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.
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.
Page 10
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Colinwell Masonry Products Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
2.6. 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.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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. Debtors and creditors (Receivables / Payables) within one year
Debtors and creditors with no stated interest rate are receivable or payable within one year are recorded at transactional price. Any losses arising from the impairment are recognised in the profit and loss account in other administrative expenses.
3. Auditor's Remuneration
Remuneration received by the company's auditors and their associates during the year was as follows:

| 31 July 2025 |  | 31 July 2024
--- | --- | --- | ---
| £ |  | £
Audit Services
Audit of the company's financial statements | 3,500 |  | 2,500

Page 11
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Colinwell Masonry Products Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
4. Staff Costs
Staff costs, including directors' remuneration, were as follows:

| 31 July 2025 |  | 31 July 2024
--- | --- | --- | ---
| £ |  | £
Wages and salaries | 1,127,652 |  | 267,474
Social security costs | 94,410 |  | 24,316
Other pension costs | 30,059 |  | 8,097
| 1,252,121 |  | 299,887

5. Average Number of Employees
Average number of employees, including directors, during the year was: 18 (2024: 16)
18 16
6. Interest Receivable and Similar Income

| 31 July 2025 |  | 31 July 2024
--- | --- | --- | ---
| £ |  | £
Bank interest receivable | 327 |  | 1,267

7. Interest Payable and Similar Charges

| 31 July 2025 |  | 31 July 2024
--- | --- | --- | ---
| £ |  | £
Other finance charges | 2,293 |  | -

8. Tax on Profit

The tax charge on the profit for the year was as follows:
| Tax Rate | 31 July 2025 |  | 31 July 2024
--- | --- | --- | --- | ---
| 31 July 2025 | 31 July 2024 | £ |  | £
Current tax
UK Corporation Tax | 25.0% | 25.0% | 273,423 |  | 90,712
Deferred Tax
Deferred taxation | 12,812 |  | (11,146 )
Total tax charge for the period | 286,235 |  | 79,566
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:
| 31 July 2025 |  | 31 July 2024
| £ |  | £
Profit before tax | 1,145,042 |  | 321,690
Tax on profit at 25% (UK standard rate) | 286,260 |  | 80,422
Short term timing differences | (25 ) |  | -
Prior period adjustment | - |  | (856 )
Total tax charge for the period | 286,235 |  | 79,566

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Colinwell Masonry Products Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
9. Tangible Assets

| Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Cost
As at 1 August 2024 | 957,139 | 146,470 | - | 9,984 | 1,113,593
Additions | 160,476 | 32,190 | 8,722 | 5,554 | 206,942
As at 31 July 2025 | 1,117,615 | 178,660 | 8,722 | 15,538 | 1,320,535
Depreciation
As at 1 August 2024 | 477,198 | 19,957 | - | 3,621 | 500,776
Provided during the period | 104,854 | 41,420 | 1,821 | 4,623 | 152,718
As at 31 July 2025 | 582,052 | 61,377 | 1,821 | 8,244 | 653,494
Net Book Value
As at 31 July 2025 | 535,563 | 117,283 | 6,901 | 7,294 | 667,041
As at 1 August 2024 | 479,941 | 126,513 | - | 6,363 | 612,817

10. Stocks

| 31 July 2025 |  | 31 July 2024
--- | --- | --- | ---
| £ |  | £
Stock | 319,164 |  | 226,813

11. Debtors

| 31 July 2025 |  | 31 July 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 558,542 |  | 469,394
Amounts owed by group undertakings | 2,699,836 |  | 1,672,614
Other debtors | 28,853 |  | 55,792
| 3,287,231 |  | 2,197,800

12. Creditors: Amounts Falling Due Within One Year

| 31 July 2025 |  | 31 July 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 528,380 |  | 435,708
Bank loans and overdrafts | 1,115 |  | -
Other creditors | - |  | 1,375
Corporation tax | 273,448 |  | 229,814
Taxation and social security | 245,970 |  | 152,676
Accruals and deferred income | 45,405 |  | 47,698
| 1,094,318 |  | 867,271

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Colinwell Masonry Products Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
13. Deferred Taxation
The provision for deferred tax is made up as follows:

| 31 July 2025 |  | 31 July 2024
--- | --- | --- | ---
| £ |  | £
Other timing differences | 160,601 |  | 147,789

14. Provisions for Liabilities

| Deferred Tax | Total
--- | --- | ---
| £ | £
As at 1 August 2024 | 147,789 | 147,789
Additions | 12,812 | 12,812
Balance at 31 July 2025 | 160,601 | 160,601

15. Share Capital

| 31 July 2025 |  | 31 July 2024
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
3 Ordinary Shares of £ 1.00 each | 3 |  | 3

16. 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 £30,059 (2024: £0).
At the balance sheet date contributions of £7,225 (2024: £0) were due to the fund and are included in creditors.
17. Dividends
No dividends were declared or paid during the year ended 31 July 2025 (2024: £nil)
18. Related Party Disclosures
The company has taken advantage of the exemption under FRS 102 Section 33 from disclosing transactions with wholly owned group undertakings where appropriate. However, the following balances and transactions with related parties are considered material.
During the year, the company entered into transactions with fellow group undertakings in the normal course of business.
At the balance sheet date, amounts owed by group undertakings totalled £2,699,836 (2024: £1,672,614). These balances are unsecured, interest-free and repayable on demand.
There were no guarantees provided or received in respect of these balances.
No impairment has been recognised in respect of amounts owed by group undertakings (2024: £nil), as the directors consider these balances to be fully recoverable.
19. Controlling Parties
The company's immediate parent undertaking is Colinwell Masonry Products Holdings Limited .
The ultimate parent undertaking is RTU Limited (incorporated in Northern Ireland). Its registered office is Monkstown Industrial Estate Cloughfern Avenue BT37 0UZ .
Copies of the group accounts may be obtained from the company's registered office.
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