Houston & Hawkes Ltd Company accounts

COMPANY REGISTRATION NUMBER: 11868059

Houston & Hawkes Ltd

Financial Statements

27 August 2025

Houston & Hawkes Ltd

Financial Statements

Period from 29 August 2024 to 27 August 2025

Contents	Page

Officers and professional advisers	1

Strategic report	2

Directors' report	5

Independent auditor's report to the members	7

Statement of comprehensive income	10

Statement of financial position	11

Statement of changes in equity	12

Statement of cash flows	13

Notes to the financial statements	14

Houston & Hawkes Ltd

Officers and Professional Advisers

The board of directors	Mr S Houston
	Mr D Hawkes

Registered office	Four Longwalk
	Stockley Park
	Uxbridge
	UB11 1FE

Auditor	Richardsons Chartered Accountants
	Chartered accountants & statutory auditor
	30 Upper High Street
	Thame
	Oxfordshire
	OX9 3EZ

Houston & Hawkes Ltd

Strategic Report

Period from 29 August 2024 to 27 August 2025

Overview Since 2019, Houston & Hawkes have set out to challenge the status quo. As the first start up in the industry in almost 15 years, they have led the way when it comes to exceptional quality, a passionate commitment to their people and a sustainable and socially conscious way of doing business. Over the last six years they have achieved tremendous growth and success, uniquely positioning themselves within the market as the only truly independent, owner managed business with the size and scale to manage large and multi-site contracts. The success of their approach and the strength of the relationships thy have built, is evident in the continued 100% client retention rate since day one. With collaboration, honesty and transparency at the heart of everything they do, they have built meaningful, long-term partnerships with clients and a strong committed team. As the first B Corp certified contract caterer, they have remained true to their belief that successful, high quality services can be delivered with minimal environmental impact whilst making a positive difference to local communities. As such, they have established unique supply chains that champion the very best locally sourced, independent suppliers, with at least 80% sourced from within 50 miles of its locations and 50% from diverse suppliers. In addition, they have implemented a range of innovative initiatives designed to reduce their environmental footprint, from carbon labelling and AI-based food waste technology through to charity partnerships and engaging and educational events and masterclasses. All led by their dedicated Head of ESG. Looking forward, they remain firmly committed to balancing profit with purpose. This will be made possible through their unwavering passion for mind-blowing food and drink, delivering on their promises and fully supporting their people. All of which enables outstanding financial performance while being a positive force for good across the industry and their communities. Business Performance and Growth The last year has seen consistent, strong financial and operational performance with growth and exceptional quality working hand in hand. Expansion has been driven through a combination of new contract wins, outstanding client retention and the continued deepening of existing partnerships. New partnerships have been built with high-profile and like-minded organisations, reflecting the increasing demand for services that combine flexibility, creativity and a truly client-centric approach. Their boutique and bespoke offer continues to set them apart in a market traditionally dominated by large corporates, offering greater agility, flexibility and personalisation than their competitors. Importantly, this growth has been achieved in a considered and sustainable way. The business continues to operate with strong financial discipline and remains free from external debt, ensuring resilience and stability despite ongoing economic pressures within the wider market. This approach provides a robust platform for continued expansion. While the company has delivered strong performance during the year, the directors recognise a number of challenges associated with continued growth. In particular, the business is in the process of scaling its systems and infrastructure to support its expanding operational footprint, with certain processes currently retaining a degree of manual intervention. In addition, the increasing complexity and scrutiny of ESG reporting continues to require enhanced data management and governance. The company also operates within a competitive labour market, with ongoing recruitment and retention pressures as it grows. The directors continue to invest in systems, processes and people to address these areas and support sustainable long-term development. People and Culture Since day one, Houston & Hawkes has firmly believed that only by investing in, and fully supporting their people to perform at their best, are they able to deliver the outstanding quality and experiences that they bring to customers every day. As such, they have expanded the team significantly over the last year, attracting and retaining the best in the business through a people-first culture. Maintaining their Living Wage accreditation each year and placing in The Caterer's "Top 30 Places to Work in in Hospitality" for the third consecutive year is further testament to their commitment to creating a work culture where everyone can thrive. With structured training programmes, leadership development initiatives, internal promotion pathways, craft-led training, mentorship and unique experiences available, all team members are provided multiple opportunities to build their skillset, hone their craft and take the next step in their career. As a people-focused business, they have built open communication, industry-leading training and mentoring, living wage accreditation, health and mental wellbeing support, and a strong benefits package. This ensures their teams feel supported in their day-to-day roles, with wellbeing at the heart of their approach. This commitment to people not only strengthens internal culture but also enhances the quality of service delivered to clients and customers. Sustainability and Purpose As the UK's first B Corp certified contract caterer, Houston & Hawkes champions sustainability and social responsibility across their operations, with a wealth of expertise in helping their clients achieve their own objectives within this arena. They have embedded sustainable and ethical business practices into their day to day activities and decision-making processes. From working almost entirely with local, independent suppliers to introducing new and innovative ways to minimise the environmental impact of their operations, they have worked hard to ensure that their services make a tangibly positive impact to people, planet and local communities. Throughout the year, the business has continued to make meaningful progress against its sustainability objectives. This includes officially joining the Sustainable Restaurant Association (SRA) and submitting their net zero targets to the Science Based Targets initiative (SBTi) for validation, a major step in ensuring their climate goals are science-aligned and credible. Beyond environmental impact, Houston & Hawkes remains committed to delivering positive social value. With a growing range of charity partnerships, their charitable initiatives, community engagement programmes and food redistribution efforts ensure that the business'success contributes to broader societal benefit. Innovation and Customer Experience Innovation continues to be a key driver of growth and differentiation for Houston & Hawkes. They consistently seek new ways to enhance the customer experience while improving operational effectiveness. Throughout the year they have challenged past ways of working and introduced exciting new concepts across their operations. This includes a new partnership with a wellbeing-driven tech platform which, when combined with their own in-house developed health-focused menus and informational material, provides customers with transparent, health-first hospitality. The introduction of a new chef partner has also helped continue to build a strong, credible, chef-led food story, alongside additional opportunities for training, development, engaging social media content and new menus and experiences for customers and clients. This forward-thinking approach ensures Houston & Hawkes remains relevant, dynamic and competitive in an evolving marketplace. Financial Observations For the period ended 27 August 2025, Houston & Hawkes recorded revenue of £28.7m, a 58% increase from the prior year, driven by multiple contract wins and organic growth. Operating profit reaches £1.9m, reflecting healthy operational efficiency and client retention. The company maintained a strong liquidity position, with a current ratio of 1.19. Continued investment in people and infrastructure is evident, supported by a stable working-capital base and disciplined financial management. Principal Risks and Uncertainties Houston & Hawkes operates within a competitive and evolving sector, where key risks include economic uncertainty, inflationary pressures and labour market challenges. They mitigate these risks through proactive and disciplined management. A strong financial position, combined with a flexible operating model and close client relationships, supports resilience in the face of external pressures. Continued investment in people, innovation and service delivery further strengthens their ability to adapt and respond effectively to market conditions. Outlook Looking ahead, Houston & Hawkes is exceptionally well positioned for continued growth. Their focus remains on expanding their portfolio with clients who share their values and ambition, while continuing to strengthen their reputation as a leader in modern, sustainable contract catering. Future growth will be supported by ongoing investment in people, innovation and sustainability initiatives, ensuring the business remains at the forefront of industry development. With a strong foundation, a clear vision and a differentiated offering, they are confident in their ability to deliver sustained success. The Directors believe Houston & Hawkes is in a strong position to capitalise on future opportunities, delivering long-term value for its clients, employees and wider stakeholders while remaining true to its core ethos: exceptional food, exceptional people and a commitment to doing business the right way.

This report was approved by the board of directors on 21 May 2026 and signed on behalf of the board by:

Mr S Houston	Mr D Hawkes
Director	Director

Registered office:

Four Longwalk

Stockley Park

Uxbridge

UB11 1FE

Houston & Hawkes Ltd

Directors' Report

Period from 29 August 2024 to 27 August 2025

The directors present their report and the financial statements of the company for the period ended 27 August 2025 .

Directors

The directors who served the company during the period were as follows:

Mr S Houston
Mr D Hawkes

Dividends

Particulars of recommended dividends are detailed in note 12 to the financial statements.

Employment of disabled persons

Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment within the company continues and that the appropriate training is arranged. It is the policy of the company that the training, career development and promotion of disabled persons should, as far as possible, be indentical to that of other employees.

Employee involvement

The company's policy is to consult and discuss with employees, through unions, staff councils and at meetings, matters likely to affect employees' interests. Information about matters of concern to employees is given through information bulletins and reports which seek to achieve a common awareness on the part of all employees of the financial and economic factors affecting the company's performance. There is no employees share scheme at present, but the directors are considering the introduction of such a scheme as a means of further encouraging the involvement of employees in the company's performance.

Directors' responsibilities statement

The directors are responsible for preparing the strategic report, directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial period. 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 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 judgments and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.

This report was approved by the board of directors on 21 May 2026 and signed on behalf of the board by:

Mr S Houston	Mr D Hawkes
Director	Director

Registered office:

Four Longwalk

Stockley Park

Uxbridge

UB11 1FE

Houston & Hawkes Ltd

Independent Auditor's Report to the Members of Houston & Hawkes Ltd

Period from 29 August 2024 to 27 August 2025

Opinion

We have audited the financial statements of Houston & Hawkes Ltd (the 'company') for the period ended 27 August 2025 which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the company's affairs as at 27 August 2025 and of its profit for the period then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - 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. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

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

- the information given in the strategic report and the directors' report for the financial period 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.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records 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 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.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: - Enquiry of management, those charged with governance and the entity's solicitors (or in-house legal team) 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 financial statement disclosure 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 busines. A further description of our responsibilities is available on the Financial Reporting Council's website at https/www.frc.org.uk/auditorsresponsibilties. This description forms part of our auditor's report. Other matters which we are required to address Comparative information in the financial statements is derived from the company's prior period financial statements which were not audited. 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.

John Holland

(Senior Statutory Auditor)

For and on behalf of

Richardsons Chartered Accountants

Chartered accountants & statutory auditor

30 Upper High Street

Thame

Oxfordshire

OX9 3EZ

21 May 2026

Houston & Hawkes Ltd

Statement of Comprehensive Income

Period from 29 August 2024 to 27 August 2025

		Period from	Period from
		29 Aug 24 to	31 Aug 23 to
		27 Aug 25	28 Aug 24
			(restated)
Note		£	£
Turnover	4	28,721,885	18,161,572

Cost of sales	24,642,240	15,409,266
	-------------	-------------
Gross profit	4,079,645	2,752,306

Administrative expenses		2,109,819	1,220,168
		------------	------------
Operating profit	5	1,969,826	1,532,138

Other interest receivable and similar income	9	51,523	18,162
Interest payable and similar expenses	10	21,934	21,951
		------------	------------
Profit before taxation		1,999,415	1,528,349

Tax on profit	11	515,395	413,176
		------------	------------
Profit for the financial period and total comprehensive income		1,484,020	1,115,173
		------------	------------

All the activities of the company are from continuing operations.

Houston & Hawkes Ltd

Statement of Financial Position

27 August 2025

	27 Aug 25	28 Aug 24
		(restated)
Note	£	£

Fixed assets

Tangible assets	13	130,271	264,061

Current assets

Debtors	14	3,962,116	2,889,279
Cash at bank and in hand		4,032,261	3,147,818
		------------	------------
		7,994,377	6,037,097

Creditors: amounts falling due within one year	15	6,692,610	5,265,750
		------------	------------
Net current assets		1,301,767	771,347
		------------	------------
Total assets less current liabilities		1,432,038	1,035,408

Creditors: amounts falling due after more than one year	16	–	189,543

Provisions

Taxation including deferred tax	18	5,914	66,015
		------------	------------
Net assets		1,426,124	779,850
		------------	------------

Capital and reserves

Called up share capital	22	140,000	140,000
Profit and loss account		1,286,124	639,850
		------------	---------
Shareholders funds		1,426,124	779,850
		------------	---------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the medium companies regime.

These financial statements were approved by the board of directors and authorised for issue on 21 May 2026 , and are signed on behalf of the board by:

Mr S Houston	Mr D Hawkes
Director	Director

Company registration number: 11868059

Houston & Hawkes Ltd

Statement of Changes in Equity

Period from 29 August 2024 to 27 August 2025

		Called up share capital	Profit and loss account	Total
Note		£	£	£
At 31 August 2023		140,000	256,476	396,476

Profit for the period			1,115,173	1,115,173
		---------	------------	------------
Total comprehensive income for the period		–	1,115,173	1,115,173

Dividends paid and payable	12	–	( 731,799)	( 731,799)
		---------	------------	------------
Total investments by and distributions to owners		–	( 731,799)	( 731,799)

At 28 August 2024 (as previously reported)		140,000	487,014	627,014
Prior period adjustments	21	–	152,836	152,836
		---------	------------	------------
At 28 August 2024 (restated)		140,000	639,850	779,850
		---------	------------	------------

Profit for the period			1,484,020	1,484,020
		---------	------------	------------
Total comprehensive income for the period		–	1,484,020	1,484,020

Dividends paid and payable	12	–	( 837,746)	( 837,746)
		----	---------	---------
Total investments by and distributions to owners		–	( 837,746)	( 837,746)

		---------	------------	------------
At 27 August 2025		140,000	1,286,124	1,426,124
		---------	------------	------------

Houston & Hawkes Ltd

Statement of Cash Flows

Period from 29 August 2024 to 27 August 2025

	27 Aug 25	28 Aug 24
		(restated)
	£	£

Cash flows from operating activities

Profit for the financial period	1,484,020	1,115,173

Adjustments for:
Depreciation of tangible assets	71,887	53,659
Impairment of tangible assets	112,605	–
Other interest receivable and similar income	( 51,523)	( 18,162)
Interest payable and similar expenses	21,934	21,951
Loss on disposal of tangible assets	114,166	–
Tax on profit	515,395	413,176
Accrued (income)/expenses	( 35,117)	199,609

Changes in:
Trade and other debtors	( 1,072,837)	( 1,103,106)
Trade and other creditors	1,233,029	1,762,833
	------------	------------
Cash generated from operations	2,393,559	2,445,133

Interest paid	( 21,934)	( 21,951)
Interest received	51,523	18,162
Tax paid	( 356,806)	( 46,841)
	------------	------------
Net cash from operating activities	2,066,342	2,394,503
	------------	------------

Cash flows from investing activities

Purchase of tangible assets	( 165,517)	( 8,369)
Proceeds from sale of tangible assets	649	–
	------------	------------
Net cash used in investing activities	( 164,868)	( 8,369)
	------------	------------

Cash flows from financing activities

Proceeds from borrowings	( 154,133)	208,144
Payments of finance lease liabilities	( 25,152)	( 25,152)
Dividends paid	( 837,746)	( 731,799)
	------------	------------
Net cash used in financing activities	( 1,017,031)	( 548,807)
	------------	------------

Net increase in cash and cash equivalents	884,443	1,837,327
Cash and cash equivalents at beginning of period	3,147,818	1,310,491
	------------	------------
Cash and cash equivalents at end of period	4,032,261	3,147,818
	------------	------------

Houston & Hawkes Ltd

Notes to the Financial Statements

Period from 29 August 2024 to 27 August 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Four Longwalk, Stockley Park, Uxbridge, UB11 1FE.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

At 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 forseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles	-	33% straight line
Equipment	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Turnover

Turnover arises from:

	Period from	Period from
	29 Aug 24 to	31 Aug 23 to
	27 Aug 25	28 Aug 24
		(restated)
	£	£
Rendering of services	28,721,885	18,161,572
	-------------	-------------

The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.

5. Operating profit

Operating profit or loss is stated after charging:

	Period from	Period from
	29 Aug 24 to	31 Aug 23 to
	27 Aug 25	28 Aug 24
		(restated)
	£	£
Depreciation of tangible assets	71,887	53,659

Impairment of tangible assets recognised in:

	Administrative expenses	112,605	–
Loss on disposal of tangible assets		114,166	–
Operating lease rentals		28,109	17,877
		---------	--------

6. Auditor's remuneration

	Period from	Period from
	29 Aug 24 to	31 Aug 23 to
	27 Aug 25	28 Aug 24
		(restated)
	£	£
Fees payable for the audit of the financial statements	21,500	–
	--------	----

7. Staff costs

The average number of persons employed by the company during the period amounted to 308 (2024: 202 ).

The aggregate payroll costs incurred during the period, relating to the above, were:

	Period from	Period from
	29 Aug 24 to	31 Aug 23 to
	27 Aug 25	28 Aug 24
		(restated)
	£	£
Wages and salaries	10,765,640	6,525,318
Social security costs	1,150,066	658,202
Other pension costs	248,517	253,237
	-------------	------------
	12,164,223	7,436,757
	-------------	------------

8. Directors' remuneration

The directors' aggregate remuneration in respect of qualifying services was:

	Period from	Period from
	29 Aug 24 to	31 Aug 23 to
	27 Aug 25	28 Aug 24
		(restated)
	£	£
Remuneration	21,163	18,200
Company contributions to defined contribution pension plans	–	100,000
	--------	---------
	21,163	118,200
	--------	---------

9. Other interest receivable and similar income

	Period from	Period from
	29 Aug 24 to	31 Aug 23 to
	27 Aug 25	28 Aug 24
		(restated)
	£	£
Interest on loans and receivables	1,125	–
Interest on cash and cash equivalents	50,163	18,143
Other interest receivable and similar income	235	19
	--------	--------
	51,523	18,162
	--------	--------

10. Interest payable and similar expenses

	Period from	Period from
	29 Aug 24 to	31 Aug 23 to
	27 Aug 25	28 Aug 24
		(restated)
	£	£
Interest on obligations under finance leases and hire purchase contracts	21,626	21,626
Other interest payable and similar charges	308	325
	--------	--------
	21,934	21,951
	--------	--------

11. Tax on profit

Major components of tax expense

	Period from	Period from
	29 Aug 24 to	31 Aug 23 to
	27 Aug 25	28 Aug 24
		(restated)
	£	£

Current tax:

UK current tax expense	575,496	407,770

Deferred tax:

Origination and reversal of timing differences	( 60,101)	5,406
	---------	---------
Tax on profit	515,395	413,176
	---------	---------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the period is higher than (2024: higher than) the standard rate of corporation tax in the UK of 25 % (2024: 25 %).

	Period from	Period from
	29 Aug 24 to	31 Aug 23 to
	27 Aug 25	28 Aug 24
		(restated)
	£	£
Profit on ordinary activities before taxation	1,999,415	1,528,349
	------------	------------
Profit on ordinary activities by rate of tax	499,854	382,087
Effect of expenses not deductible for tax purposes	15,541	14,360
Effect of capital allowances and depreciation	–	16,729
	------------	------------
Tax on profit	515,395	413,176
	------------	------------

12. Dividends

	27 Aug 25	28 Aug 24
		(restated)
	£	£
Dividends paid during the period (excluding those for which a liability existed at the end of the prior period )	837,746	731,799
	---------	---------

13. Tangible assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 29 August 2024 (as restated)	311,685	36,359	348,044
Additions	142,519	22,998	165,517
Disposals	( 154,985)	( 42,879)	( 197,864)
	---------	--------	---------
At 27 August 2025	299,219	16,478	315,697
	---------	--------	---------
Depreciation
At 29 August 2024	65,347	18,636	83,983
Charge for the period	61,024	10,863	71,887
Disposals	( 59,016)	( 24,033)	( 83,049)
Transfers	( 741)	741	–
Impairment losses	112,605	–	112,605
	---------	--------	---------
At 27 August 2025	179,219	6,207	185,426
	---------	--------	---------
Carrying amount
At 27 August 2025	120,000	10,271	130,271
	---------	--------	---------
At 28 August 2024	246,338	17,723	264,061
	---------	--------	---------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Motor vehicles
	£
At 27 August 2025	45,000
	--------
At 28 August 2024	247,079
	---------

14. Debtors

	27 Aug 25	28 Aug 24
		(restated)
	£	£
Trade debtors	3,879,355	2,844,637
Prepayments and accrued income	75,954	41,322
Other debtors	6,807	3,320
	------------	------------
	3,962,116	2,889,279
	------------	------------

15. Creditors: amounts falling due within one year

	27 Aug 25	28 Aug 24
		(restated)
	£	£
Trade creditors	2,099,040	1,652,990
Accruals and deferred income	740,834	720,195
Corporation tax	626,441	407,751
Social security and other taxes	1,266,832	1,156,150
Obligations under finance leases and hire purchase contracts	189,543	25,152
Director loan accounts	88,156	242,289
Other creditors	1,681,764	1,061,223
	------------	------------
	6,692,610	5,265,750
	------------	------------

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

	27 Aug 25	28 Aug 24
		(restated)
	£	£
Obligations under finance leases and hire purchase contracts	–	189,543
	----	---------

17. Finance leases and hire purchase contracts

The total future minimum lease payments under finance leases and hire purchase contracts are as follows:

	27 Aug 25	28 Aug 24
		(restated)
	£	£
Not later than 1 year	189,543	25,152
Later than 1 year and not later than 5 years	–	189,543
	---------	---------
	189,543	214,695
	---------	---------

18. Provisions

	Deferred tax (note 19)
	£
At 29 August 2024 (as restated)	66,015
Charge against provision	( 60,101)
	--------
At 27 August 2025	5,914
	--------

19. Deferred tax

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

	27 Aug 25	28 Aug 24
		(restated)
	£	£
Included in provisions (note 18)	5,914	66,015
	-------	--------

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

	27 Aug 25	28 Aug 24
		(restated)
	£	£
Accelerated capital allowances	32,568	66,015
Pension plan obligations	( 26,654)	–
	--------	--------
	5,914	66,015
	--------	--------

20. Employee benefits

Defined contribution plans

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 248,517 (2024: £ 253,237 ).

21. Prior period adjustment

A prior period adjustment was made to the financial statements to release deferred income incorrectly recognised. Adjustments to prior year

	2023	2024
	£	£
Deferred Income		203,780
Corporation Tax Liability		(50,944)
Equity as previously reported	396,476	627,014
	---------	---------
Equity as adjusted	396,476	779,850
	---------	---------

Analysis of the effect upon equity

	2023	2024
	£	£
Profit and loss account	–	152,836
	----	---------

Reconciliation of changes in profit for the previous financial period

		2024
		£
	Turnover	203,780
	Tax on profit	(50,945)
	Profit as previously reported	962,338
		------------
	Profit as adjusted	1,115,173
		------------

22. Called up share capital

Issued, called up and fully paid

	27 Aug 25		28 Aug 24
			(restated)
	No.	£	No.	£
Ordinary shares of £ 1 each	140,000	140,000	140,000	140,000
	---------	---------	---------	---------

23. Analysis of changes in net debt

	At 29 Aug 2024	Cash flows	At 27 Aug 2025
	£	£	£
Cash at bank and in hand	3,147,818	884,443	4,032,261
Debt due within one year	(267,441)	(10,258)	(277,699)
Debt due after one year	(189,543)	189,543	–
	------------	------------	------------
	2,690,834	1,063,728	3,754,562
	------------	------------	------------

24. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	27 Aug 25	28 Aug 24
		(restated)
	£	£
Not later than 1 year	116,307	17,816
Later than 1 year and not later than 5 years	10,653	14,302
	---------	--------
	126,960	32,118
	---------	--------

25. Contingencies

The company has received insurance payments totalling £116,885 post year-end, in respect of the motor vehicle written out of the accounts in this financial period.

26. Directors' advances, credits and guarantees

During the period the directors entered into the following advances and credits with the company:

	27 Aug 25
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr S Houston	( 122,574)	73,680	( 48,894)
Mr D Hawkes	( 119,715)	80,453	( 39,262)
	---------	---------	--------
	( 242,289)	154,133	( 88,156)
	---------	---------	--------

	28 Aug 24
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr S Houston	( 17,320)	( 105,254)	( 122,574)
Mr D Hawkes	( 16,825)	( 102,890)	( 119,715)
	--------	---------	---------
	( 34,145)	( 208,144)	( 242,289)
	--------	---------	---------

During the year,the company made a loan of £150,000 to each of the two directors.The loan is repayable on or before 2 June 2030. Interest is being charged to the directors at the official rate of interest (2.5%).