REGISTERED NUMBER: 03606953 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

FOR

LANDMARK GROUNDWORKS LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Statement of Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Cash Flow Statement

12

Notes to the Cash Flow Statement

13

Notes to the Financial Statements

14

DIRECTORS:

M G Johnson

K Lynch

K M Johnson

D T Mccarthy

SECRETARY:

Mrs D Johnson

REGISTERED OFFICE:

Ground Floor

Egerton House

68 Baker Street

Weybridge

Surrey

KT13 8AL

REGISTERED NUMBER:

03606953 (England and Wales)

AUDITORS:

Riches & Company

Chartered Accountants & Registered Auditors

34 Anyards Road

Cobham

Surrey

KT11 2LA

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

REVIEW OF BUSINESS

The company's principal activity is the tendering for long term civil engineering and groundwork contracts from predominantly larger contractors. There have not been any significant changes in the company's principle activity in the year under review.

The company's principal financial instruments comprise of bank balances, bank overdrafts, trade creditors, other debtors and other creditors.

In respect of bank balances the liquidity risk is managed by maintaining a balance between continuity of funding and flexibility through use of overdrafts at floating rates of interest.

The gross profit margin has increased during the year from 6.41% to 7.73%.

The cost of materials and supply chain issues had an impact during the year but strong cost control and continuing to maintain a strong pipeline of new business has minimized the impact on the company.

PRINCIPAL RISKS AND UNCERTAINTIES

The principal risks associated with the business are the standard commercial risks associated with the industry and economic climate in which we operate. Some of the more specific risks are:

The Company work on and delivers projects which require continuous monitoring and management of health and safety risks.

Failure to deliver projects in line with customer expectations and required specifications, on time and on budget and minimize the risk of increased costs , delay and related damages and defect liabilities.

SECTION 172(1) STATEMENT

The Directors of the Company, as those of all UK companies, must act in accordance with a set of general duties. These duties are detailed in section 172 of the UK Companies Act 2006 which is summarised as follows:

'A director of a company must act in the way they consider, in good faith, would be most likely to promote the success of the company for the benefit of its shareholders as a whole and, in doing so have regard (amongst other matters) to:

- the likely consequences of any decisions in the long-term;

- the interests of the company's employees;

- the need to foster the company's business relationships with suppliers, customers and others;

- the impact of the company's operations on the community and environment;

- the desirability of the company maintaining a reputation for high standards of business conduct; and

- the need to act fairly as between the shareholders of the Company.'

The following paragraphs summarise how the Directors fulfil their duties:

Our People

The Company is committed to being a responsible business. Our behaviour is aligned with the expectations of our people, clients, communities and society as a whole. For our business to succeed we need to manage our people's performance and develop and bring through talent while ensuring we operate as efficiently as possible. We must also ensure we share common values that inform and guide our behaviour so we achieve our goals in the right way.

Business Relationships

Our strategy priorities organic growth, driven by maintaining existing customers while bringing in new client to the business. To do this, we need to develop and maintain strong client relationships. We value all of our suppliers and have worked with our key suppliers for a number of years.

Community and Environment

The Company's approach is to use or position of strength to create positive change for the people and communities with which we interact.

ON BEHALF OF THE BOARD:

M G Johnson - Director

11 May 2026

The directors present their report with the financial statements of the company for the year ended 31 July 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of civil engineering contractors.

DIVIDENDS

An interim dividend of £221.512 per Ordinary share was paid on the 1 August 2024

An interim dividend of £221.512 per Ordinary share was paid on the 1 November 2024.

An interim dividend of £221.512 per Ordinary share was paid on the 3 February 2025.

An interim dividend of £221.512 per Ordinary share was paid on the 1 May 2025.

The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31 July 2025 will be £886,051 (2024 - £Nil).

FUTURE DEVELOPMENTS

The company continues to operate in a challenging market place and aim to keep profit margins remaining constant.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 August 2024 to the date of this report.

M G Johnson

K Lynch

K M Johnson

D T Mccarthy

CHARITABLE DONATIONS AND EXPENDITURE

During the year the company made charitable donations totalling £17,461 (2024 - £17,679).

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors 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;

-	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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:

M G Johnson - Director

11 May 2026

Opinion

We have audited the financial statements of Landmark Groundworks Limited (the 'company') for the year ended 31 July 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, 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 July 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 Auditors' 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 directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

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 four, 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 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.

Auditors' 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 a Report of the Auditors 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 planning process:

- We enquired of management the systems and controls the company has in place, the areas of the financial statements that are mostly susceptible to the risk of irregularities and fraud, and whether there was any known, suspected or alleged fraud.

- We obtained an understanding of the legal and regulatory frameworks applicable to the company. We determined that the following were most relevant: FRS 102, Companies Act 2006, health and safety and employment law.

- We considered the incentives and opportunities that exist in the company, including the extent of management bias, which present a potential for irregularities and fraud to be perpetuated, and tailored our risk assessment accordingly.

- Using our knowledge of the company, together with the discussions held with the company at the planning stage, we formed a conclusion on the risk of misstatement due to irregularities including fraud and tailored our procedures according to this risk assessment.

The key procedures we undertook to detect irregularities including fraud during the course of the audit included:

- Identifying and testing journal entries and the overall accounting records, in particular those that were significant and unusual.

- Reviewing the financial statement disclosures and determining whether accounting policies have been appropriately applied.

- Assessing the extent of compliance, or lack of, with the relevant laws and regulations.

- Testing key revenue lines, in particular cut-off, for evidence of management bias.

- Obtaining third-party confirmation of material bank and loan balances.

- Documenting and verifying all significant related party balances and transactions.

- Reviewing documentation for irregularities including fraud.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements even though we have properly planned and performed our

audit in accordance with auditing standards. The primary responsibility for the prevention and detection of

irregularities and fraud rests with the directors of the entity.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

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 a Report of the Auditors 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.

Richard Bolton (Senior Statutory Auditor)

for and on behalf of Riches & Company

Chartered Accountants & Registered Auditors

34 Anyards Road

Cobham

Surrey

KT11 2LA

11 May 2026

TURNOVER

57,541,667

56,613,175

Cost of sales

53,091,789

52,982,172

GROSS PROFIT

4,449,878

3,631,003

Administrative expenses

3,545,257

3,255,704

904,621

375,299

Other operating income

400

-

OPERATING PROFIT

4

905,021

375,299

Interest receivable and similar income

191,168

1,834

1,096,189

377,133

Interest payable and similar expenses

5

52,516

41,703

PROFIT BEFORE TAXATION

1,043,673

335,430

Tax on profit

6

329,205

57,408

PROFIT FOR THE FINANCIAL YEAR

714,468

278,022

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

714,468

278,022

FIXED ASSETS

Tangible assets

8

912,432

955,831

CURRENT ASSETS

Stocks

9

65,031

458,755

Debtors

10

11,965,705

15,130,434

Cash at bank

1,089,820

627,869

13,120,556

16,217,058

CREDITORS

Amounts falling due within one year

11

10,892,750

13,810,218

NET CURRENT ASSETS

2,227,806

2,406,840

TOTAL ASSETS LESS CURRENT LIABILITIES

3,140,238

3,362,671

CREDITORS

Amounts falling due after more than one year

12

(187,913

)

(245,521

)

PROVISIONS FOR LIABILITIES

15

(173,382

)

(166,624

)

NET ASSETS

2,778,943

2,950,526

CAPITAL AND RESERVES

Called up share capital

16

10

10

Retained earnings

17

2,778,933

2,950,516

SHAREHOLDERS' FUNDS

22

2,778,943

2,950,526

The financial statements were approved by the Board of Directors and authorised for issue on 11 May 2026 and were signed on its behalf by:

M G Johnson - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 August 2023

10

2,672,494

2,672,504

Changes in equity

Total comprehensive income

-

278,022

278,022

Balance at 31 July 2024

10

2,950,516

2,950,526

Changes in equity

Dividends

-

(886,051

)

(886,051

)

Total comprehensive income

-

714,468

714,468

Balance at 31 July 2025

10

2,778,933

2,778,943

Cash flows from operating activities

Cash generated from operations

1

1,668,755

515,395

Interest paid

(103

)

(349

)

Interest element of hire purchase payments paid

(52,413

)

(41,354

)

Tax paid

(111,686

)

(23,955

)

Net cash from operating activities

1,504,553

449,737

Cash flows from investing activities

Purchase of tangible fixed assets

(11,885

)

(7,966

)

Sale of tangible fixed assets

22,615

29,008

Interest received

191,168

1,834

Net cash from investing activities

201,898

22,876

Cash flows from financing activities

Capital repayments in year

(362,534

)

(397,467

)

Amount introduced by directors

4,085

-

Amount withdrawn by directors

-

(4,085

)

Equity dividends paid

(886,051

)

-

Net cash from financing activities

(1,244,500

)

(401,552

)

Increase in cash and cash equivalents

461,951

71,061

Cash and cash equivalents at beginning of year

2

627,869

556,808

Cash and cash equivalents at end of year

2

1,089,820

627,869

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

31.7.25

31.7.24

£

£

Profit before taxation

1,043,673

335,430

Depreciation charges

269,033

281,059

Loss/(profit) on disposal of fixed assets

15,685

(11,003

)

Finance costs

52,516

41,703

Finance income

(191,168

)

(1,834

)

1,189,739

645,355

Decrease/(increase) in stocks

393,724

(274,415

)

Decrease/(increase) in trade and other debtors

3,160,645

(3,099,433

)

(Decrease)/increase in trade and other creditors

(3,075,353

)

3,243,888

Cash generated from operations

1,668,755

515,395

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 July 2025

31.7.25

1.8.24

£

£

Cash and cash equivalents

1,089,820

627,869

Year ended 31 July 2024

31.7.24

1.8.23

£

£

Cash and cash equivalents

627,869

556,808

3.	ANALYSIS OF CHANGES IN NET FUNDS

Other

non-cash

At 1.8.24

Cash flow

changes

At 31.7.25

£

£

£

£

Net cash

Cash at bank

627,869

461,951

1,089,820

627,869

461,951

1,089,820

Debt

Finance leases

(566,063

)

362,534

(252,050

)

(455,579

)

(566,063

)

362,534

(252,050

)

(455,579

)

Total

61,806

824,485

(252,050

)

634,241

1.	STATUTORY INFORMATION

Landmark Groundworks Limited is a private company, limited by shares, registered in England and Wales. The company's registered number, registered office and trading address can be found on the Company Information Page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102, the Financial Report Standard applicable in the United Kingdom and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

Turnover

Turnover arises from the increase in the value of work performed on contracts during the year. Where the outcome of a long-term contract can be estimated reliable and it is probable that the contract will be profitable, revenue is recognised by reference to the stage of completion of the contract activity at the balance sheet date.

A prudent level of profit attributable to the contract activity is taken up only if the final outcome of such contracts can be reliably assessed.

Also turnover arises from the provision of services which is stated after trade discounts, other sales taxes and net of VAT.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful life range is as follows:

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% & 33% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within 'other operating income' in the statement of comprehensive income.

Stocks and work in progress

Long term work in progress is valued at cost, which includes the costs of direct materials, labour and subcontractors costs and profit according to the stage of completion, less provision for any unknown or anticipated losses. Where the turnover is recognised in connection with long term work in progress, turnover represents a prudent estimate of the value of the work conducted to the relevant stage of completion.

Payments received and receivable on account are deducted from long term work in progress.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as an expense in the profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Debtors

Debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors

Creditors are measured at the transaction price. Other financial liabilities including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised costs are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.

For financial assets measured at amortised costs, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between as asset's carrying amount and best estimate, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is a intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Financial assets measured at fair value, are valued at an open quoted market price in an active market.

Risks in relation to financial assets which are measured at fair value though the profit and loss account are managed by the company's directors and an external third party investment company.

Judgements in applying accounting policies and key sources of estimation uncertainty

The preparation of these financial statements requires estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities. Estimates and judgements are continually evaluated and are based on historical experience and expectations of future events believed to be reasonable.

The directors consider that the following estimates and judgements are likely to have the most significant effect on the amounts recognised in the financial statements:

Revenue recognition

The majority of quoted works have a term greater than one month. An assessment is made of the stage of completion at a period end, requiring an element of judgement.

Estimation of useful life

The charge in respect of periodic depreciation is derived after determining an estimate of an asset's expected useful life and the expected residual value at the end of its life. The useful lives of all assets are determined at the time the assets is acquired and reviewed at least annually for appropriateness. The lives are based on historical experience with similar assets as well as anticipation of future events, which may impact their life, such as changes in technology.

3.	EMPLOYEES AND DIRECTORS

31.7.25

31.7.24

£

£

Wages and salaries

1,407,147

1,040,077

Social security costs

168,392

127,749

Other pension costs

174,703

195,247

1,750,242

1,363,073

The average number of employees during the year was as follows:

31.7.25

31.7.24

Directors

4

4

Administration

11

8

Direct labour

35

40

50

52

31.7.25

31.7.24

£

£

Directors' remuneration

515,442

326,988

Directors' pension contributions to money purchase schemes

25,065

12,000

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes

3

3

Information regarding the highest paid director is as follows:

31.7.25

31.7.24

£

£

Emoluments etc

161,450

145,000

Pension contributions to money purchase schemes

12,000

12,000

4.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

31.7.25

31.7.24

£

£

Depreciation - owned assets

269,034

281,059

Loss/(profit) on disposal of fixed assets

15,685

(11,003

)

Auditors' remuneration

11,000

8,000

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

31.7.25

31.7.24

£

£

Bank loan interest

103

349

Hire purchase

52,413

41,354

52,516

41,703

6.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

31.7.25

31.7.24

£

£

Current tax:

UK corporation tax

327,417

116,656

Adjustments re prior year

(4,970

)

(112,295

)

Total current tax

322,447

4,361

Deferred tax

6,758

53,047

Tax on profit

329,205

57,408

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

31.7.25

31.7.24

£

£

Profit before tax

1,043,673

335,430

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

260,918

83,858

Effects of:

Expenses not deductible for tax purposes

61,529

32,798

Adjustments to tax charge in respect of previous periods

-

(112,295

)

Deferred tax movement

6,758

53,047

Total tax charge

329,205

57,408