Registration number:
Britcon (UK) Limited
for the Year Ended 30 September 2025
Britcon (UK) Limited
Contents
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Strategic Report |
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Directors' Report |
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Statement of Directors' Responsibilities |
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Independent Auditor's Report |
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Profit and Loss Account |
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Balance Sheet |
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Statement of Changes in Equity |
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Statement of Cash Flows |
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Notes to the Financial Statements |
Britcon (UK) Limited
Strategic Report for the Year Ended 30 September 2025
The directors present their strategic report for the year ended 30 September 2025.
Introduction
The year saw significant growth in activity and profitability, supported by new public and private sector contracts and framework awards, continued regional development, ongoing investment in digital capability, and the embedding of sustainability and social value across operations.
The Board maintained a focus on safe delivery, quality assurance, governance and financial discipline, while continuing to invest in people, systems and regional capability to support sustainable performance.
This Strategic Report summarises the Company’s performance, principal activities, key risks and priorities for the year ahead.
Principal activity
The principal activity of the company is that of civil engineering, building and structural steel contractor delivering: civil engineering and infrastructure, general building and construction work, structural steel design, fabrication and installation as Britcon Steel.
The Company operates from four strategically located offices, delivering nationally for strategic and framework clients, with a core presence across the North and Midlands, and a growing presence across the North East. The Company’s values remain unchanged, with continued focus on collaborative working, safe delivery, quality and value for money.
Teamwork is central to successful delivery. Average employee headcount increased by 13% to 102, including direct delivery capability to support the Company’s integrated civil engineering, building and steel delivery model. The Company’s culture continues to support attraction and retention of talent, alongside investment in organisational structure to service increased workload and larger projects while maintaining agility and supporting sustainable growth. Integrated Build, Civils and Steel capabilities provide clients with an efficient delivery model, supporting certainty and responsiveness across complex projects.
Market Overview
UK construction output increased within the financial year with market confidence improving following two years of cost inflation and procurement delays. Public sector spending remained stable with increased infrastructure spending, while private sector confidence strengthened within core industrial, logistics and manufacturing markets. Sector trends influencing the Company included:
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Strong demand for industrial, logistics and manufacturing expansion, with private industrial work growing by 19.5% in 2025, the strongest performing segment of the year. |
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Continued investment in education facilities, supported by 18.6% annual growth in public spend and the expansion of school and college building programmes. |
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A strengthening infrastructure pipeline, particularly across utilities, networks and public-sector projects, although planning, affordability and grid connection issues slowed conversion to site. |
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Delayed mobilisation in the water sector, with several utilities including Northumbrian Water seeking additional funding and programme rescoping, resulting in slower AMP8 starts across 2025. With CMA appeals and third party delays pushing significant civils workload into 2026 and beyond. |
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Growth in low carbon and energy projects, to upgrade the UK grid and accelerate the energy transition. |
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Increasing regulatory requirements under the Building Safety Act, extending pre construction durations and heightening compliance expectations across the industry. |
Britcon (UK) Limited
Strategic Report for the Year Ended 30 September 2025
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Digital assurance and data led delivery becoming central to procurement, with frameworks and major clients prioritising evidence based quality, programme certainty and traceability. |
The Company’s diversified service offering and selective bidding approach supported a resilient performance during the year. The Board continues to monitor market conditions, including conversion rates from pipeline to site, regulatory requirements and sector-specific mobilisation constraints. The Company remains positioned to pursue opportunities aligned to its capability, risk appetite and targeted sectors, including industrial, education, utilities, energy networks and water investment expected to increase from 2026/27 onwards.
Fair review of the business
The Directors consider that the Company performed well in the year, with growth in turnover and profit delivered alongside continued investment in people, systems and regional capability. Operating and net profit margins remained positive, and the balance sheet strengthened during the year.
Turnover increased by 61.5% to £60.01m (2024: £37.15m) and gross profit increased by 45.7% to £5.83m (2024: £4.00m), supported by strong levels of repeat business, a focus on larger target projects, new client work and securing new framework awards.
Operating profit increased by 63.0% to £1.05m (2024: £0.64m) despite continued investment in a new regional office, digital systems and people to support contracts and framework delivery.
Working capital movements at the year-end reflect the timing of project activity, customer billing cycles and supplier payments during a period of significant growth. The Board has identified opportunities to strengthen year-end processes around invoicing, cash collection and payment timing, which would have further improved the balance sheet position. Accordingly, enhanced financial controls and oversight have been implemented to improve working capital management going forward.
Profit after tax increased by 135.3% to £1.85m (2024: £0.79m). Balance sheet strength improved, with net assets rising by 36.6% to £5.03m (2024: £3.69m).
The business enters 2026 with a strong and diversified order book across resilient sectors.
The company's key financial and other performance indicators during the year were as follows:
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Financial KPIs |
Unit |
2025 |
2024 |
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Turnover |
£000 |
60,007 |
37,153 |
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Turnover growth |
% |
61.5 |
9.6 |
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Gross profit |
£000 |
5,832 |
4,003 |
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Gross profit growth |
% |
45.7 |
(3.7) |
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Operating profit |
£000 |
1,048 |
643 |
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Profit after tax |
£000 |
1,848 |
786 |
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Net assets |
£000 |
5,034 |
3,686 |
Britcon (UK) Limited
Strategic Report for the Year Ended 30 September 2025
Operational Highlights
Build Division
Build Division performance was supported by the delivery of projects for industrial, education, leisure, commercial and public sector clients. The Company completed several schemes during the year and progressed strategic projects that strengthen future workload. Delivery included sustainable outcomes where required by clients, alongside continued focus on programme, quality and safety.
This included a first project for the Harworth Group, a UK regeneration and strategic landowner and developer. The £9.1m Advanced Manufacturing Unit project in Rotherham included 1,900 photovoltaic panels and achieved a BREEAM ‘Outstanding’ rating, exceeding the ‘Excellent’ target.
Positive progress was achieved on the £13m Airfield Business Park, for Leicestershire County Council at Market Harborough, helping to create and safeguard local jobs.
Other notable contract wins included:
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Maple Grove Development, Hattersley Trade Park, Tameside. |
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Goole Town Council, Victoria Pleasure Ground Redevelopment a community project supported by the Football Foundation. |
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NETA Training Centre Relocation, Thornaby, part of a £14.7m investment by the Education Training Collective to support the delivery of specialist skills. Secured via a collaborative framework, a seventh contract award for this client. |
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Defra, Natural England, Volunteer Community and Nature Recovery Science Hub at York. Secured through a collaborative framework. |
Civils Division
The Civils Division continued to develop repeat business relationships and deliver work across industrial, ports, education and public sector clients. Direct delivery capability supported programme and cost efficiency where appropriate, and the Company progressed new client relationships that provide further opportunity in 2026.
This included successfully handing over a first project for Coca-Cola Europacific Partners at Wakefield, delivering a £7m civils package as part of their ASRS II automated warehouse investment. A long-standing relationship and framework with Associated British Ports has continued to provide access to civil engineering opportunities with projects delivered at the Ports of Immingham and King’s Lynn.
Other notable projects included:
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Man Truck & Bus, a fast-track depot redevelopment at Stockton. |
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University of Leeds, Spen Farm civils work, a first project for the university. |
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University of Sheffield, a new substation in the heart of the campus. |
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Education Training Collective, Stockton Riverside College car park works. |
Britcon (UK) Limited
Strategic Report for the Year Ended 30 September 2025
Steel Division
Britcon Steel delivered structural steel design, fabrication and installation across a range of sectors, including education, healthcare, residential, energy and rail. Activity included both external client delivery and integrated support to the Company’s Build and Civils divisions where this supported programme and coordination. Demonstrating expertise and capabilities to deliver added value through high-quality CE Execution Class 3 steel works design, fabrication and installation.
This included repeat business for Solenis, a global provider of water and hygiene solutions in Bradford. With multiple projects also delivered for UK Power Networks framework contractors to support the delivery of secure, low-carbon, and cost-effective electricity distribution network infrastructure. A key project that demonstrates their collaboration, precision and planning skills is the new Footbridge and Ramps at Weely, Essex for CML.
The bridge deck spans 24.65 metres and weighs 16.5 tonnes, supported by 9.6 tonnes of landings and trestles. Finished to Network Rail’s N1 specification, the deck will be installed during a seven-hour rail possession and isolation period.
Britcon Steel also supported the Build and Civils divisions on strategic projects where fast-track steelwork supported programme certainty and efficient delivery, including projects for Harworth Estates and the Education Training Collective.
Notable contracts secured and delivered include:
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Aureos, Elevated Switch Houses at Frome and St Albans. |
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Solenis, Roof Beams and Platforms, Bradford. |
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Goole Town Council, Victoria Pleasure Ground Clubhouse and Spectator Stand, Goole. |
Frameworks and Collaborative Working
Frameworks provide compliant routes to market and can support early contractor involvement, negotiated work and access to a pipeline of opportunities, helping to improve planning, risk management and delivery certainty.
The Company’s framework portfolio includes Procure Partnerships, Pagabo, NEPO, YORcivils, NEUPC, ABP and Northumbrian Water, with new frameworks targeted for 2026. During the financial year, the Company’s market position was strengthened by securing the following new frameworks:
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Leeds City Council, Minor Civils Framework with an estimated total £100m spend over two years. This framework can be used by other West Yorkshire local authorities. |
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NEPO Civil Engineering and Infrastructure Framework, a potential six-year framework to deliver works predominantly across the North East of England. |
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NEUPC, Building Refurbishment Framework, a six-year university refurbishment framework across the North East, Yorkshire and Midlands. |
Digital Transformation and Roadmap
The Company continued to invest in systems that support governance, delivery assurance and data integrity across the project lifecycle. The digital toolset supports document control, quality and safety management, commercial and financial reporting, supply chain assurance and carbon reporting, improving traceability and management information for decision-making.
The Britcon digital ecosystem now links:
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Procore: Project management including safety, quality and programme. |
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MSite: Workforce management and behavioural safety. |
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EQUE2: Commercial, financial and ERP integration. |
Britcon (UK) Limited
Strategic Report for the Year Ended 30 September 2025
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Salesforce: CRM, Pipeline, key accounts and forecasting. |
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Compliance Chain: Supply chain management and social value. |
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Planet Mark: Carbon management. |
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SmartWaste: Waste management. |
The ecosystem enhances governance, efficiencies, reduces duplication, improves accuracy and supports predictable project delivery. Providing enhanced cross-system integration with real-time dashboards and a ‘golden-thread’ of compliant data providing digital assurance aligned to the Building Safety Act. The digital roadmap for 2026 includes further deployment of automation and AI-enabled tools to support efficiency, consistency and data-driven decision-making across pre- and post-construction activities.
The CRM platform has been further developed to support pipeline visibility across regions and sectors, including client and stakeholder mapping to strengthen relationship management and win rates. This supports a more consistent approach to market engagement and long-term client relationships.
Corporate Social Responsibility
The Britcon Foundation and community partnerships continued to support volunteering, fundraising and local initiatives. These activities help clients to meet social value objectives, including requirements aligned to the Social Value Act 2012 and relevant public procurement policy.
The Company continued to use social value measurement tools to capture tangible data with measurements aligned to national TOMS standards. During the year, individual projects achieved up to 64% Social Return on Investment (SROI). Activities were varied but high impact including reed bed planting at Wheldrake, York with Natural England, expanding a Hedgehog Rescue Centre in East Yorkshire, and the Company has supported a community racing team for over a decade. Other organisations supported included:
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Lindsey Lodge Hospice |
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Sheffield Hospitals Charity |
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When You Wish Upon a Star |
Skills, Education and Local Economy Support
Developing the workforce of the future is a key strategic objective. The Company developed partnerships with the Education Training Collective, DN Colleges and regional universities to support students and apprentices through training, site visits, work placements and skills workshops. Most projects now operate to a bespoke social value plan with SMART targets, with a focus on local employment, supply chain opportunities and apprenticeship pathways, including support for MSMEs and VCSEs. Social value performance remains a strong differentiator for Britcon, aligned with TOMs standards and client and framework expectations.
Britcon (UK) Limited
Strategic Report for the Year Ended 30 September 2025
Health, Safety and Wellbeing
‘Home Safe Every Day’ remains the Company’s primary operational principle. The Board continues to prioritise a safe environment for employees, supply chain partners and stakeholders, supported by ISO 45001-aligned systems and procedures. Training and resources are provided to promote positive behavioural change and competence. The Company’s health and safety performance was recognised through a RoSPA Gold award and a British Safety Council award.
The Company continued to promote wellbeing; with mental health first aiders deployed within the business, this increased by 40% over the year. Developing programmes, partners, and resources to support the positive wellbeing of teams and stakeholders. Refined and improved ‘Blue Top’ health and safety standards were introduced and exemplar performances rewarded through the Blue Card recognition scheme.
During the year, Safety, Health Awareness Days were undertaken, two major events were held on Britcon sites with live demonstrations and presentations. Focusing on ‘Working at Heights’ and ‘Service Strikes’, engaging partners, specialists and other industry stakeholders with best practice, innovations and behaviours to mitigate risks and accidents.
People, Culture and Organisation
People remain at the heart of the Company’s success, and throughout the year the Company continued to invest to build a high-performing, engaged and future-ready workforce aligned to its sustainable growth strategy. To support regional and sector expansion, the team was expanded, strengthening both local delivery capability and specialist framework expertise.
Following the successful relocation of the Wakefield office in 2024, the Company expanded its North East regional presence with the opening of a larger office in Durham. This strengthens capability to deliver local frameworks and support regional programmes, including Northumbrian Water AMP8. Across all locations, the focus remains on modern, collaborative working environments supported by upgraded IT systems designed to enhance communication, productivity and wellbeing.
To retain and develop people, the Company has continued to strengthen training, leadership development, competence frameworks and personal development planning. This has been supported by the introduction of new employee benefits. The commitment to nurturing future talent also progressed through the continued expansion of Career Pathways Apprentice and Graduate programmes, providing structured development opportunities, access to experienced mentors and real project experience on live construction sites.
Commercial and operational capability was strengthened in 2024 with the appointment of a new Head of Procurement, supporting the development of a high quality, compliant and capable supply chain across all regions. Combined with the adoption of the Compliance Chain supply chain management system, this has enhanced supplier onboarding, improved assurance against Company minimum standards, and ensured access to expertise required to deliver projects across a diverse range of sectors.
Awards and Recognition
The Company’s continued focus on business improvement, including safety, sustainability, innovation, collaboration and quality, was recognised through several high profile national and regional award nominations in 2024. This included a National Constructing Excellence Award win. External recognition continued in 2025, with a series of prestigious award nomination and wins, including:
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Building Magazine - Specialist Contractor of the Year: Winner |
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RoSPA - Gold Award |
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Insider North East - Contractor of the Year: Finalist |
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Building Magazine - Contractor of the Year: Finalist |
Britcon (UK) Limited
Strategic Report for the Year Ended 30 September 2025
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British Safety Council - Merit Award |
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The Business Desk - Yorkshire Sustainability Excellence Awards: Finalist |
These awards and nominations provide external recognition of the Company’s continued focus on safety, sustainability and delivery standards.
Principal Risks
Performance post year-end remains in line with expectations. The Board continues to monitor principal risks using the Company’s ISO 9001 quality management system and associated review processes. This supports identification and mitigation of risks relevant to the Company’s strategic objectives. The senior management team and directors are responsible for managing and communicating potential risks, supported by the management and delivery teams within the business. Governance has been further strengthened with the appointment of a Group Compliance Director.
Principal risks and mitigation strategies include:
Supply Chain Risk
Procurement and commercial teams continue to use tools including Compliance Chain, Constructionline and Creditsafe to select suppliers. This helps to ensure that selection is not only fair but robust, with suitable and appropriate suppliers selected for the contract, with economic, financial, and capacity checks undertaken before any orders are placed. Design managers, procurement, commercial and project teams also scrutinise supplier technical submissions to ensure specification compliance, product suitability and regulatory alignment, helping reduce the risk of incorrect materials being procured or installed. A strong supply chain and positive relationships have been built, by providing fair payment and risk allocation; and by using collaborative contracts. The Board continues to monitor the supply of materials which may be impacted by the war in Ukraine and challenges within the Middle East.
Financial Risk
Potential uncertainties include credit risk and liquidity; the Company continues to target clients that are aligned to achieving wider business objectives. Undertaking appropriate credit checks and references; and monitoring new customers using similar processes used to assess suppliers and subcontractors, particularly when placing large orders. The Company has no ongoing disputes or debts. Liquidity risk is managed by monitoring the cash flow position to ensure that sufficient funds remain available to meet amounts due for current and future operations. The Company maintains a satisfactory cash position, zero debt and the Board continues to focus and monitor potential risks due to historical construction sector risks.
Market Risk
To minimise exposure to market risks the Board continues to diversify the business, through geographic expansion and diverse sector activities within civil engineering, building and steel, supporting market resilience. The Company is positioned to deliver suitable work opportunities within both the public and private sector, generating a well-balanced workload. The Company maintains a continued focus on collaborative working and building long-term repeat business relationships and partnerships. This has proved to support improved operating margins, reduce risks, and support project efficiencies. The Board recognises the risk of not completing contractual obligations and continues to update processes and procedures to support delivery of high-quality, sustainable projects on time, within budget and safely. To support compliance, the Company continues to invest in digital systems that maintain a golden thread of information throughout the project lifecycle, improving assurance, record keeping and handover quality.
Britcon (UK) Limited
Strategic Report for the Year Ended 30 September 2025
Workforce and Materials Risk
If the availability of skilled workers, suppliers and materials is insufficient to meet market demand, this historically leads to increased costs and can impact profitability. The Company maintains regular engagement with suppliers, negotiating contract volumes, pricing, and delivery times. The Company provides high-level project-specific programmes and visibility of workload to support their planning and resource requirements. When selecting subcontractors, the Company considers competencies particularly in relation to health and safety, quality, previous performance, and financial stability.
Compliance Chain supply chain management tools support supplier certification and compliance status, including the Common Assessment Standard and SSIP certification. With positive long-standing relationships built over many years. The Company continues to invest in its workforce, through training and development programmes and apprenticeships. This includes direct delivery capability to navigate any resource challenges on a project. Should there be a major negative supply chain impact, there are contingency suppliers in place, and the Company maintains the financial resources to mitigate the risk.
Health and Safety Risk
ISO 45001 procedures and policies, supported by an in-house professional health and safety team, help to minimise health and safety risks which are inherent due to the nature of the industry. The Board takes this responsibility seriously and leads from the top. Procedures and policies are regularly reviewed to support continuous improvement. This commitment to health and safety is further enhanced by membership of RoSPA and the British Safety Council and ongoing engagement with the HSE.
Cyber Security and Information Risk
The Board recognises the increasing risk posed by cyber threats across the construction sector. To mitigate this, the Company continues to strengthen systems, controls and staff awareness. The Company operates secure IT systems with multi-layered protection and has achieved Cyber Essentials Plus, supported by regular penetration testing, controlled access permissions and disaster recovery arrangements to support business continuity.
As part of the Britcon digital transformation, project information is increasingly managed through secure platforms that maintain a golden digital thread, enabling accurate, traceable and auditable information for both internal governance and statutory requirements.
Britcon (UK) Limited
Strategic Report for the Year Ended 30 September 2025
Section 172(1) statement
The Board recognises their duty under Section 172 of the Companies Act 2006 to act in the way they consider, in good faith, would most likely promote the long term success of the Company for the benefit of all stakeholders. In making decisions throughout the year, the Board carefully balanced commercial objectives with wider responsibilities to employees, clients, supply chain partners, communities and the environment.
The Board considered both the immediate and long term consequences of their decisions, ensuring the Company continues to operate responsibly, sustainably and in line with its strategic priorities. Engagement with key stakeholders remained central to the Board’s oversight, providing clear insight into operational performance, market conditions, emerging risks and opportunities. This approach supports informed decision making, responsible governance and sustainable business growth.
Key matters considered by the Board included:
Employees: Supporting wellbeing, safety, development and retention.
Clients: Ensuring high-quality delivery, responsiveness and long term trust.
Supply Chain: Maintaining fair, collaborative relationships and robust selection processes.
Communities: Recognising impact on people and places and contributing positively wherever Britcon operate.
Environment: Embedding sustainability considerations into operations and decision making.
Ethical Conduct: Upholding high standards of behaviour and compliance.
Long Term Financial Stability: Ensuring resilient performance and long term value creation.
A balanced, stakeholder led approach underpins the Britcon reputation as a responsible, collaborative and high performing contractor, and continues to guide strategic decisions aimed at ensuring sustainable success.
Outlook for 2026
The Company enters 2026 with a positive outlook supported by a diversified order book and continued framework access. The Board’s priorities are to maintain safe and high-quality delivery, strengthen operating margin through disciplined project selection and delivery performance, and continue to improve working capital management through enhanced controls and oversight.
The Company will continue to invest in people, systems and capability aligned to sustainable growth, while closely monitoring market conditions, supply chain capacity and regulatory requirements. ‘Home Safe Every Day’ remains the Company’s primary operational priority.
Sustainability, Energy Use and Carbon Emissions
The Company’s partnership with Planet Mark for independent measurement of its carbon footprint has continued through a fifth year of membership. This measurement methodology is fully aligned to the Greenhouse Gas (GHG) Protocol and based on evidence supplied by Britcon to Planet Mark for assessment.
Emissions and energy consumption
During the year ended 30 September 2025, Britcon (UK) Limited recorded greenhouse gas emissions from:
Britcon (UK) Limited
Strategic Report for the Year Ended 30 September 2025
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Scope 1 of |
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Scope 2 (market-based) of |
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Scope 3 of |
The Company’s total greenhouse gas emissions intensity ratios for the 2024-25 financial year were:
• 3.7tCO2e per full-time employee
• 6.5tCO2e per £1m turnover
The Company gross emissions increased primarily due to increased mobile fuel use and business travel, associated with a significant increase in operational activities and continued regional expansion.
Operational initiatives and controls reduced electricity related emissions (location based) by 39% and stationary fuels by 5%, and the Company achieved an 8% reduction in waste (tonnes).
The Company continues to take proactive measures to reduce waste and improve energy efficiency, including:
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Implementing the use of PVs to supplement diesel generated power on site. |
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Using renewable diesel substitutes. |
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Encouraging employees to car share, use park and ride facilities and use energy efficient electric and hybrid vehicles. |
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Bespoke project carbon and waste reduction plans. |
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Using Eco and A rated site accommodation with smart sockets and LEDs. |
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Reusing and recycling materials on site to reduce transport costs. |
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Reducing the use of paper through cloud-based digital systems. |
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Planting trees in collaboration with partner Ecologi - 1,570 trees planted. |
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Monitoring water usage and using water efficient equipment and technologies. |
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Using modern methods of construction and off-site construction to mitigate waste and reduce transport movements. |
For the fourth consecutive year, the Company took the additional step of purchasing verified (Verra certified) carbon credits equating to 400tCO2e to more than offset the Company’s total footprint of 392.3 tCO2e.
Plans going forward include a full evaluation of the current Britcon Zero decarbonisation strategy, to move away from the current carbon neutrality approach to a fully net zero-aligned strategy.
Approved by the
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Britcon (UK) Limited
Directors' Report for the Year Ended 30 September 2025
The directors present their report and the financial statements for the year ended 30 September 2025.
Directors of the company
The directors who held office during the year were as follows:
Financial instruments
Objectives and policies
The directors take the management of risk very seriously and as such have policies and procedures in place which have been authorised by the Board. Managing risk is seen as a key attribute of the group, as such all prospective projects are risk assessed and approved by a Director prior to final submission. Regular Board meetings are held where current management accounts are available to highlight any financial and delivery risks to be dealt with.
Price risk, credit risk, liquidity risk and cash flow risk
The business' principle financial instruments comprise bank balances, trade debtors and trade creditors. The main purpose of these instruments is to finance the business' operations.
In respect of bank balances, the liquidity risk is managed by maintaining a balance between the availability of cash balances and the monies held in investments. All of the business' cash balances are held in such a way that achieves a competitive rate of interest. The business makes use of money market facilities where funds are available.
Trade debtors are managed in respect of credit and cash flow risk by policies concerning the credit offered to customers and the regular monitoring of amounts outstanding for both time and credit limits. The amounts presented in the balance sheet are net of allowances for doubtful debtors.
Trade creditors' liquidity risk is managed by ensuring sufficient funds are available to meet amounts due.
Research and development
The company continues to utilise its technical expertise to make advancements in technology in order to supply specialist products and services to fulfil the needs of our customers. We continue to ensure our services are designed in partnership with our customers to ensure that their exacting requirements are met.
Britcon (UK) Limited
Directors' Report for the Year Ended 30 September 2025
Disclosure of information to the auditors
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.
Approved by the Board on
Mr S A Hunt
Director
Britcon (UK) Limited
Statement of Directors' Responsibilities
The directors acknowledge their responsibilities for preparing the Annual 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 these financial statements, the directors are required to:
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select suitable accounting policies and apply them consistently; |
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make judgements and accounting estimates that are reasonable and prudent; |
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state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
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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.
Britcon (UK) Limited
Independent Auditor's Report to the Members of Britcon (UK) Limited
Opinion
We have audited the financial statements of Britcon (UK) Limited (the 'company') for the year ended 30 September 2025, which comprise the Profit and Loss Account, Balance Sheet, 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 Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
• | give a true and fair view of the state of the company's affairs as at 30 September 2025 and of its profit for the year then ended; |
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
• | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor 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 original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The directors are responsible for the other information. The other information comprises the information 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 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.
Britcon (UK) Limited
Independent Auditor's Report to the Members of Britcon (UK) Limited
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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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 |
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the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of our 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 and the Directors' 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 returns; or |
• | certain disclosures of directors' remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit. |
Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page 13, 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 identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then 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; |
Britcon (UK) Limited
Independent Auditor's Report to the Members of Britcon (UK) Limited
|
• |
the company’s own assessment of the risks that irregularities may occur either as a result of fraud or error; |
|
• |
results of our enquiries of management about their own identification and assessment of the risks of irregularities; |
|
• |
the key laws and regulations under which the business operates and whether management were aware of any instances of non-compliance; |
|
• |
whether the management have knowledge of any actual, suspected or alleged fraud; |
|
• |
the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; and |
|
• |
the matters discussed among the audit engagement team, regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. |
|
As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following areas: contract accounting and purchase/working capital transactions. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. |
|
|
We also 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 the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the health and safety regulations, UK Companies Act, Tax
|
|
|
In addition, we considered 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. These included the operating and environmental regulations relevant to the company. |
|
|
In addition to the above, our procedures to respond to risks identified included the following: |
|
|
• |
reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described above as having a direct effect on the financial statements; |
|
• |
enquiring of management, concerning any 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; |
|
• |
in addressing the risk of fraud in revenue recognition, we have performed focussed testing on trades close to the year-end, depth testing and analytical review procedures to assess accuracy and completeness of revenue recognised; |
|
• |
in addressing the risk of fraud in contract, we have tested the calculation of contract revenue recognised based on the proportion of contract costs in incurred for the work performed to the balance sheet date relative to the estimates total forecast costs of the contract at complete, traced contract costs to the supporting invoices to ensure they are correctly recognised, performed
|
|
• |
in addressing the risk of fraud in the use of purchase ledger/working capital transactions, we have reviewed the accounting treatments adopted by management against the specific contractual terms and arrangements associated with each individual transaction and reviewed the related disclosures in the financial statements; and |
Britcon (UK) Limited
Independent Auditor's Report to the Members of Britcon (UK) Limited
|
• |
in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. |
|
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. |
|
|
Due to 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
|
A further description of our responsibilities is available on the Financial Reporting Council’s website at: 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 members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in 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.
For and on behalf of
50-54 Oswald Road
North Lincolnshire
DN15 7PQ
Britcon (UK) Limited
Profit and Loss Account for the Year Ended 30 September 2025
|
Note |
2025 |
2024 |
|
|
Revenue |
|
|
|
|
Cost of sales |
( |
( |
|
|
Gross profit |
|
|
|
|
Administrative expenses |
( |
( |
|
|
Operating profit |
1,047,693 |
642,738 |
|
|
Other interest receivable and similar income |
|
|
|
|
Interest payable and similar expenses |
( |
( |
|
|
Profit before tax |
|
|
|
|
Tax on profit |
|
( |
|
|
Profit for the financial year |
|
|
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Britcon (UK) Limited
(Registration number: 2463833)
Balance Sheet as at 30 September 2025
|
Note |
2025 |
2024 |
|
|
Fixed assets |
|||
|
Tangible assets |
|
|
|
|
Current assets |
|||
|
Stocks |
|
|
|
|
Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current assets |
|
|
|
|
Total assets less current liabilities |
|
|
|
|
Creditors: Amounts falling due after more than one year |
- |
( |
|
|
Provisions for liabilities |
|
( |
|
|
Net assets |
|
|
|
|
Capital and reserves |
|||
|
Called up share capital |
|
|
|
|
Profit and loss account |
|
|
|
|
Total equity |
|
|
Approved and authorised by the
|
|
Britcon (UK) Limited
Statement of Changes in Equity for the Year Ended 30 September 2025
|
Share capital |
Retained earnings |
Total |
|
|
At 1 October 2024 |
|
|
|
|
Profit for the year |
- |
|
|
|
Total comprehensive income |
- |
|
|
|
Dividends |
- |
( |
( |
|
New share capital subscribed |
|
- |
|
|
At 30 September 2025 |
|
|
|
|
Share capital |
Retained earnings |
Total |
|
|
At 1 October 2023 |
|
|
|
|
Profit for the year |
- |
|
|
|
Total comprehensive income |
- |
|
|
|
Dividends |
- |
( |
( |
|
At 30 September 2024 |
200 |
3,685,401 |
3,685,601 |
Britcon (UK) Limited
Statement of Cash Flows for the Year Ended 30 September 2025
|
Note |
2025 |
2024 |
|
|
Cash flows from operating activities |
|||
|
Profit for the year |
|
|
|
|
Adjustments to cash flows from non-cash items |
|||
|
Depreciation and amortisation |
|
|
|
|
Profit on disposal of tangible assets |
( |
( |
|
|
Finance income |
( |
( |
|
|
Finance costs |
|
|
|
|
Corporation tax expense |
( |
|
|
|
|
|
||
|
Working capital adjustments |
|||
|
Decrease in stocks |
|
- |
|
|
(Increase)/decrease in debtors |
( |
|
|
|
Increase in creditors |
|
|
|
|
Cash generated from operations |
( |
|
|
|
Corporation taxes received/(paid) |
|
( |
|
|
Net cash flow from operating activities |
( |
|
|
|
Cash flows from investing activities |
|||
|
Interest received |
|
|
|
|
Acquisitions of tangible assets |
( |
( |
|
|
Proceeds from sale of tangible assets |
|
|
|
|
Net cash flows from investing activities |
|
( |
|
|
Cash flows from financing activities |
|||
|
Interest paid |
( |
( |
|
|
Proceeds from issue of ordinary shares, net of issue costs |
|
- |
|
|
Repayment of other borrowing |
- |
( |
|
|
Dividends paid |
( |
( |
|
|
Net cash flows from financing activities |
( |
( |
|
|
Net (decrease)/increase in cash and cash equivalents |
( |
|
|
|
Cash and cash equivalents at 1 October |
|
|
|
|
Cash and cash equivalents at 30 September |
2,262,859 |
5,401,939 |
|
Britcon (UK) Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
|
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
Registered number: 2463833
|
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. |
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is reviewed where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods. |
Britcon (UK) Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
Contract revenue recognition
Turnover is only recognised on a construction contract where the outcome can be estimated reliably. Turnover and costs are recognised by reference to the stage of completion of contract activity at the year end date. This is normally measured by surveys of work performed to date. Contracts are only treated as construction contracts when they have been specifically negotiated for the construction of a development or property.
Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
|
Asset class |
Depreciation method and rate |
|
Plant and machinery |
20% per annum on cost |
|
Motor vehicles |
25% per annum on cost |
|
Long leasehold property |
2% per annum on cost |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Britcon (UK) Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
Trade debtors
Trade debtors are amounts due from customers for services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured less a provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Sales retentions are held within debtors until they are received.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised at the transaction price.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Britcon (UK) Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
|
Revenue |
The analysis of the company's revenue for the year from continuing operations is as follows:
|
2025 |
2024 |
|
|
Contract revenue |
|
|
Contract revenue is determined based on the completion stage of the project. Qualified Quantity Surveyors are employed to ensure this is done accurately.
The amount of contract revenue recognised as revenue in the year was £
The gross amount due from customers for contract work, included in debtors at 30 September 2025, was £14,910,093 (2024 - £9,031,000).
The gross amount due to customers for contract work, included in creditors at 30 September 2025, was £1,046,902 (2024 - £1,401,601).
|
Operating profit |
Arrived at after charging/(crediting)
|
2025 |
2024 |
|
|
Depreciation expense |
|
|
|
Operating lease expense - property |
|
|
|
Profit on disposal of property, plant and equipment |
( |
( |
|
Other interest receivable and similar income |
|
2025 |
2024 |
|
|
Interest income on bank deposits |
|
|
|
Other finance income |
|
|
|
|
|
Britcon (UK) Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
|
Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
|
2025 |
2024 |
|
|
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Pension costs, defined contribution scheme |
|
|
|
|
|
The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:
|
2025 |
2024 |
|
|
Production |
|
|
|
Administration and support |
|
|
|
Other departments |
|
|
|
|
|
|
Directors' remuneration |
The directors' remuneration for the year was as follows:
|
2025 |
2024 |
|
|
Remuneration |
|
|
|
Contributions paid to money purchase schemes |
|
|
|
497,205 |
433,669 |
During the year the number of directors who were receiving benefits and share incentives was as follows:
|
2025 |
2024 |
|
|
Accruing benefits under money purchase pension scheme |
|
|
In respect of the highest paid director:
|
2025 |
2024 |
|
|
Remuneration |
|
|
|
Company contributions to money purchase pension schemes |
|
|
Britcon (UK) Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
|
Auditors' remuneration |
|
2025 |
2024 |
|
|
Audit of the financial statements |
|
|
|
Taxation |
Tax charged in the profit and loss account
|
2025 |
2024 |
|
|
Current taxation |
||
|
UK corporation tax |
- |
|
|
UK corporation tax adjustment to prior periods |
( |
( |
|
(363,473) |
(30,048) |
|
|
Deferred taxation |
||
|
Arising from origination and reversal of timing differences |
( |
|
|
Tax (receipt)/expense in the profit and loss account |
( |
|
The tax on profit/(loss) before tax for the year is lower than the standard rate of corporation tax in the UK (2024 - lower than the standard rate of corporation tax in the UK) of
The differences are reconciled below:
|
2025 |
2024 |
|
|
Profit before tax |
|
|
|
Corporation tax at standard rate |
|
|
|
Effect of expense not deductible in determining taxable profit |
|
|
|
Effect of tax losses |
( |
- |
|
Deferred tax (credit)/expense |
( |
|
|
Tax increase/(decrease) from effect of capital allowances and depreciation |
|
( |
|
Prior period under/(over) provision |
( |
( |
|
Total tax (credit)/charge |
( |
|
Deferred tax
Britcon (UK) Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
Deferred tax assets and liabilities
|
2025 |
Asset |
Liability |
|
Difference between accumulated depreciation and amortisation and capital allowances |
- |
|
|
Tax losses carried forward |
|
- |
|
|
|
|
2024 |
Liability |
|
Difference between accumulated depreciation and amortisation and capital allowances |
|
|
|
|
Tangible assets |
|
Long leasehold land and buildings |
Plant and machinery |
Motor vehicles |
Total |
|
|
Cost or valuation |
||||
|
At 1 October 2024 |
|
|
|
|
|
Additions |
|
|
- |
|
|
Disposals |
- |
( |
( |
( |
|
At 30 September 2025 |
|
|
|
|
|
Depreciation |
||||
|
At 1 October 2024 |
|
|
|
|
|
Charge for the year |
|
|
|
|
|
Eliminated on disposal |
- |
( |
( |
( |
|
At 30 September 2025 |
|
|
|
|
|
Carrying amount |
||||
|
At 30 September 2025 |
|
|
|
|
|
At 30 September 2024 |
|
|
|
|
|
Stocks |
|
2025 |
2024 |
|
|
Raw materials and consumables |
|
|
Britcon (UK) Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
|
Debtors |
|
2025 |
2024 |
|
|
Trade debtors |
|
|
|
Amounts owed by group undertakings |
|
|
|
Other debtors |
|
- |
|
Prepayments |
|
|
|
Accrued income |
|
- |
|
Corporation tax |
|
|
|
|
|
|
Cash and cash equivalents |
|
2025 |
2024 |
|
|
Cash on hand |
|
|
|
Cash at bank |
|
|
|
|
|
|
Creditors |
|
2025 |
2024 |
|
|
Due within one year |
||
|
Trade creditors |
|
|
|
Amounts due to group undertakings |
|
|
|
Social security and other taxes |
|
|
|
Outstanding defined contribution pension costs |
|
|
|
Other creditors |
|
- |
|
Accrued expenses and deferred income |
|
|
|
|
|
|
|
Due after one year |
||
|
Other financial liabilities |
- |
|
|
Deferred tax provision |
|
Deferred tax |
Total |
|
|
At 1 October 2024 |
|
|
|
Increase (decrease) in existing provisions |
( |
( |
|
At 30 September 2025 |
( |
( |
|
|
||
Britcon (UK) Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
|
Pension and other schemes |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £
Contributions totalling £
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
180 |
|
180 |
|
|
|
24 |
|
20 |
|
|
|
36 |
- |
- |
|
|
|
|
|
|
New shares allotted
|
During the year 4 |
|
During the year 36 |
Rights, preferences and restrictions
|
Ordinary A shares have the following rights, preferences and restrictions: |
|
Ordinary C shares have the following rights, preferences and restrictions: |
|
Ordinary D shares have the following rights, preferences and restrictions: |
Britcon (UK) Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
|
Dividends |
Final dividends paid
|
2025 |
2024 |
|
|
Final dividend of £ |
|
|
|
Final dividend of £ |
|
|
|
Final dividend of £ |
|
- |
|
|
|
|
Related party transactions |
Summary of transactions with parent
During the year the company purchased goods and services to the value of £673,873 (2024 - £671,184) from the parent company. The company also made sales of goods and services to the value of £106,543 (2024 - £1,056,065) to the parent company.
At the balance sheet date the amount due to the parent company was £728,896 (2024 - £714,115).
Summary of transactions with entities with joint control or significant interest
During the year the company sold goods to the value of £290,791 (2024 - £221,425) to, and purchased goods and services to the value of £6,969,625 (2024 - £4,075,352) from group companies.
At the balance sheet date the amount due to/(from) group companies was £921,297 (2024 - (£219,443)).
|
Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate controlling party is