The directors present the strategic report for the year ended 31 October 2025.

The principal activity of the company continued to be that of building contractors. The company's principal area of operations is within the food, entertainment and leisure sectors and is wholly UK based.

Company strategy

The company's strategy is to recruit and maintain dynamic individuals across the workforce and management team to maintain and improve the company's reputation for quality and excellence. The company strives to be the best in the market both internally and externally.

Performance in the period

At the end of the year, the net assets of the company totalled £1,056,028. The company has maintained its key client base throughout the year and the directors have continued to actively pursue additional work as it has become available. Following the implementation of the directors long term strategic plans, which were re-evaluated following the impact of the pandemic on the business, the company has looked to diversify its market and withdraw from less profitable areas of its existing market. This has resulted in a 29.8% increase in turnover in 2025 from that achieved in 2024, as detailed below however overall profit margins have fallen to 17.93%, this is more in line with historic norms. Following the untimely death of Mr R Leggott in the year the company received significant sums from life policies which has helped the company to move forward following his loss. In the circumstances the directors are satisfied with the results for the year and are striding to maintain turnover and profits going forward.

The company's key financial and other performance indicators during the year are as follows:

2025 2024 2023 2022 2021

Turnover 13,899,962 10,704,755 11,699,141 10,978,029 7,739,565

Turnover growth 29.8% -8.5% 6.6% 41.8% -8.3%

Gross profit 17.93% 19.07% 18.40% 16.84% 15.29%

Principal risks and uncertainties faced by the business are directly related to operating in the building industry which has suffered significant downturns in the poor economic climate of recent years. The directors have focused their efforts in obtaining suitable profitable work ensuring that the business has remained strong, enabling it to compete effectively in the market place.

In addition to the general business risk within the market place the company is exposed to price risks and the usual credit risk and cash flow risk associated with the selling on credit and manages this through credit control procedures.

The risks to UK economic growth still remain significant and future prospects maybe influenced by the ongoing invasion of Ukraine by Russia and conflict in the Middle East. The directors actively look to control costs and are confident that its diversification into new sectors within the construction industry will enable the company to meet any challenges arising from the current economic uncertainty.

In order to meet its objectives, it is essential that the company recruits and retains the highest calibre of employees at every level of the organisation. The employment policies of the company embody the principles of equal opportunity. The company gives full and fair consideration to employment for disabled persons. If an employee became disabled, arrangements would be made wherever practical by identifying employment suited to that person's capabilities and provide necessary training.

On behalf of the board

The directors present their annual report and financial statements for the year ended 31 October 2025.

The results for the year are set out on page 10.

No ordinary dividends were paid. The directors do not recommend payment of a final dividend.

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

The business' principal financial instruments comprise bank balances, bank overdrafts, trade debtors, trade creditors, loans to the business and finance lease agreements. 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 continuity of funding and flexibility through the use of overdrafts at floating rates of interest. All 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 and short term investment plans where funds are available.

Trade debtors, credit and cash flow risks, are managed by policies covering the credit offered to customers and the regular monitoring of amounts outstanding for both the time and credit limits. The amounts presented in the statement of financial position are net of allowances for doubtful debts.

Trade creditors' liquidity risk is managed by ensuring sufficient funds are available to meet amounts due.

The business is a lessee in respect of finance leased assets and utilises loan funding at fixed rates of interest. The liquidity risk in respect of these is managed by ensuring that there are sufficient funds to meet the payments.

There has been no events subsequent to the reporting period impacting on the current year financial statements.

The impact on the UK 's economic growth from conflicts around the world and the general worldwide economic situation remains significant. The increase in living costs has impacted on spending, in particular in the food and entertainment sector, the directors are confident that the business's strategic policies will enable it to meet the challenges imposed by the economic downturn and improve its overall standing through diversification in the medium to long term.

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

This report has been prepared in accordance with the provisions applicable to companies entitled to the medium-sized companies exemption.

The directors are responsible 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:

• select suitable accounting policies and then apply them consistently;

• make judgements and accounting estimates that are reasonable and prudent; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The 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.

We have audited the financial statements of Togel Contractors Limited (the 'company') for the year ended 31 October 2025 which comprise the income statement, the statement of comprehensive income, the statement of financial position, the statement of changes in equity, the 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 31 October 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'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 company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

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

Other information

The 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. 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 course of 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 our audit:

• the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

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 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.

As explained more fully in the directors' responsibilities statement, 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.

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.As part of our audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scepticism throughout the audit.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

As part of designing our audit, we determined materiality and assessed the risk of material misstatement in the financial statements, including how fraud may occur by enquiring with management as to its own consideration of fraud. In particular, we looked at where management made subjective judgements, for example in respect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. We also considered potential financial or other pressures, opportunity and motivations for fraud. As part of the discussion we identified the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations and how management monitor these processes. Appropriate procedures included the review and testing of material adjusting journals and key estimates and judgements made by management.

We gained an understanding of the legal and regularity framework applicable to the company and the construction industry in which it operates, drawing on our audit experience and knowledge of the company and its sector, and considered the risk of acts by the company that were contrary to these laws and regulations, including fraud.

We focused on laws and regulations that could give rise to a material misstatement in the financial statements, including, but not limited to:

UK Contract Law

The Companies Act 2006 and associated legislation

UK Tax Legislation

UK Health and Safety at Work legislation

UK Employment & Labour laws and regulations

We also made enquiries of management with regards to the compliance with the above laws and regulations and obtained any necessary evidence to corroborate the information provided, for example legal correspondence between the company and its solicitors and the minutes of directors and board meetings.

We have identified revenue recognition, management override and completeness of related party transactions as key audit matters relating to irregularities, including fraud.

We have evaluated management's incentives for fraudulent manipulation of the financial statements, including the risk of management overriding controls, and identified that the principal risks relate to management bias in accounting estimates and judgmental areas of the financial statements such as revenue recognition.

The following audit work was undertaken in response to the risks identified:

- Central to revenue recognition within the business is the use of construction contract recognition principals. Audit work has been undertaken with a view to ensure the outcome of the underlying construction contracts can be estimated reliably, and that revenue and costs are recognised by reference to the stage of completion, using cost based principals, of the contract activity at the reporting end date. In addition total actual (or anticipated) contract costs have been reviewed to total (anticipated) contract turnover, with a view to identify expected losses and ensure any expected loss is recognised as an expense immediately.

- Enquiry of management, those charged with governance and the entity’s solicitors around actual and potential litigation and claims.

- Enquiry of entity staff in tax and compliance functions to identify any instances of non-compliance with laws and regulations.

- Reviewing minutes of meetings of those charged with governance.

- Reviewing key sources of estimation uncertainty testing to supporting documentation, ensuring reasonableness of assumptions and consistently applied

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.

- Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business.

- Identifying related parties and ensuring transactions are complete by testing to available supporting documentation.

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

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://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.

The income statement has been prepared on the basis that all operations are continuing operations.

The notes on pages 15 to 30 form part of these financial statements.

The notes on pages 15 to 30 form part of these financial statements.

The notes on pages 15 to 30 form part of these financial statements.

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The notes on pages 15 to 30 form part of these financial statements.

The notes on pages 15 to 30 form part of these financial statements.

Togel Contractors Limited is a private company limited by shares incorporated in England and Wales. The companys registration number is 01904087 and its registered office is 1-3 Hexthorpe Road, Doncaster, DN4 0AD.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

The company recognises revenue from the following major sources:

• Construction services

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's sources of revenue are as follows:

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the reporting end date. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.

When it is probable that total contract costs will exceed total contract turnover, the expected loss is recognised as an expense immediately.

Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable that they will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred. When costs incurred in securing a contract are recognised as an expense in the period in which they are incurred, they are not included in contract costs if the contract is obtained in a subsequent period.

The “percentage of completion method” is used to determine the appropriate amount to recognise in a given period. The stage of completion is measured by the proportion of contract costs incurred for work performed to date compared to the estimated total contract costs. Costs incurred in the year in connection with future activity on a contract are excluded from contract costs in determining the stage of completion. These costs are presented as stocks, prepayments or other assets depending on their nature, and provided it is probable they will be recovered.

At the balance sheet date, the cumulative costs incurred plus recognised profit (less recognised loss) on each contract is compared against the progress billings. Where the cumulative costs incurred plus the recognised profits (less recognised losses) exceed progressed billings, the balance is presented as amounts recoverable on contracts within debtors. When progressed billings exceed the cumulative costs incurred plus recognised profits (less recognised losses), the balance is presented as payments on account within creditors,

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value through profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The 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 net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

The preparation of financial statements in conformity with FRS 102 requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. The estimates and associated assumptions are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The actual outcome may diverge from these estimates if other assumptions are made, or other conditions arise.

Significant judgements

In the course of preparing the financial statements, no significant judgements have been made in the process of applying the company's accounting policies, other than those involving estimations that have had a significant effect on the amounts recognised in the financial statements.

Key sources of estimation uncertainty

Accounting estimates and assumptions are made concerning the future and by their nature, will rarely equal the related actual outcome. The company does not have any key assumptions concerning the future, or other key sources of estimation or uncertainty in the reporting period that may have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. Notwithstanding this, the following matters should be noted;

A significant proportion of the company's activities relate to projects which are accounted for using long term contract work in progress principles. The company is required to make estimates for revenue and margins. These estimates may depend upon the outcome of future events and may need to be revised as circumstances change.

In relation to the company's tangible fixed assets useful economic lives and residual value of assets have been established using historical experience and an assessment of the nature of the assets involved, again these estimates may need to be revised as circumstances and technology change.

Following the untimely passing of Mr R Leggott life insurance proceeds of £806,123 were received and included within other income in the year.

Short term plant & machinery hire costs amounting to £291,131 (2024 - £210,603) were incurred during the year.

The average monthly number of persons (including directors) employed by the company during the year was:

Their aggregate remuneration comprised:

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 3 (2024 - 2).

The directors are the company's key management personnel, in addition to the above employers NIC costs of £23,446 (2024 - 16,520) were incurred in the year.

As detailed in related parties, funds were paid to TMC Doncaster Limited for overall management services, including directors services, amounting to £180,000 (2024 - £216,000).

The actual charge for the year can be reconciled to the expected charge/(credit) for the year based on the profit or loss and the standard rate of tax as follows:

The company has carried forward unused tax losses amounting to £Nil (2024 - £380,821) at the financial year end.

Included within tangible fixed assets are assets held under finance leases or hire purchase contracts, as follows:

Included within the above are trade debtors due after 1 year amounting to £65,779 (2024 - £Nil).

The CIBLS loan of £Nil (2024 - £127,581) was secured by a fixed and floating second charge over the company's assets dated the 23rd February 2021, this was satisfied and removed on the 22/10/2025.

The obligations under finance leases of £86,112 (2024 - £61,923) are secured on the underling assets financed.

The CIBLS loan of £Nil (2024 - £123,952) was secured by a fixed and floating second charge over the company's assets dated the 23rd February 2021, this was satisfied and removed on the 22/10/2025..

The obligations under finance leases of £128,105 (2024 - £89,616) are secured on the underling assets financed.

The CIBLS long-term loan was secured by fixed and floating second charge over the company's assets which was created on the 23rd February 2021.

The CIBLS loan was settled early and repaid in full in the year. The loan was initially taken out over 6 years, and was repayable by instalments ending in September 2026, with interest charged at a fixed rate of 5%.

The other loans are short term loans repayable over 11 months at varying rates of interest.

The obligations under finance leases of £214,217 (2024 - £151,539) are secured on the underling assets financed.

Finance lease payments represent rentals payable by the company for certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is 3.3 years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

The following are the major deferred tax liabilities and assets recognised by the company:

The deferred tax liability set out above is not expected to reverse within 12 months and relates to accelerated capital allowances .

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

All shares are £1 ordinary shares, the A, B and C ordinary shares have a right to a variable dividend but do not carry any voting rights and are not entitled to a share of assets on winding up over their nominal value.

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Of the seven operating leases in place at the 31 October 2025 three relate to properties occupied by the company and are payable, at current open market value, to the company's pension fund and the residue relate to vehicles, plant and machinery which are payable to unconnected third parties.

The property leases are negotiated over terms of 6-15 years and the vehicles etc over 2-5 years. The property leases iinclude a provision for regular upward rent reviews according to prevailing market conditions.

Other commitments:

In addition to the above the company has commitments under a non cancellable two service agreement, at the 31 October 2025 total commitments of £9,288 were outstanding, of which £4,644 were due within 1 year.

Amounts authorised but not contracted for or provided in the financial statements:

At the 31 October 2025 the company had authorised capital expenditure of £44,737 which was contracted for subsequent to the year end.

During the year the company purchased management services from a company under the common control of one or more of the director shareholders amounting to £180,000 (2024 - £216,000). At the balance sheet date the company owed Togel Contractors Limited £63,000 (2024 - £13,000) following a further advance of £50,000 in the year. The loan is interest free and repayable on demand.

In the year the company sold goods and services, on an arms length basis and favourable repayment terms, to companies under the common control of one or more of the director shareholders and former director shareholders amounting to £126,568 (2024 - £137,685). At the 31st October 2025 debtors amounting to £73,294 (2024 - £127,156) were owed by the entities under common control. In addition to this unbilled debtors amounting to £Nil (2024 - £22,500) had been accrued by the companies under common control at the 31st October 2025.

During the year the company purchased goods and services, on an arms length basis and on reciprocal terms to that given in sales as detailed above, from companies under common control of one or more of the directors amounting to £1,384,481 (2024 - £851,709). At the 31st October 2025 creditors and accrued costs amounting to £240,452 (2024 - £122,841) were owed to the entities under common control,

Rents were paid to the company's pension fund amounting to £96,400 (2024 - £98,600). The leases are under formal contract terms and have periodic, independently verified, rent reviews where appropriate.

The company has given a cross guarantee and debenture to the bank between themselves, Prima Mechanical Services Limited and Select Electrical (GB) Limited dated 4 June 2014.

During the year the company sold goods and services, on an arms length basis and favourable repayment terms, to the director's and former director shareholders amounting to £27,081 (2024 - £20,965). At the 31st October 2025 the directors and former director shareholders owed the company £41,064 (2024 - £14,804) in respect of these transactions. In addition to this unbilled debtors amounting to £Nil (2024 -£2,800) had been accrued by the directors at the 31st October 2025.

A loan amounting to £8,832 (2024 - £Nil) was advanced to a former director in the year and remained outstanding at the 31 October 2025. The loan is interest free and repayable on demand.

During the year the following non cash transactions were undertaken:

Assets amounting to £221,229 (2024 - £86,189) were acquired using hire purchase and finance lease funds of £206,131 (2024 - £64,691) together with part exchange proceeds of £15,098 (2024 - £21,498) in the year.

Insurance liabilities amounting to £75,060 (2024 - £111,859) were met direct by lenders.

The shareholder and former director, Mr P Leggott, controlled the company by virtue of holding 53.33% of the issued ordinary £1 share capital and associated voting rights throughout the year.