REGISTERED NUMBER: 03847630 (England and Wales)

Strategic Report,

Report of the Directors and

Financial Statements

For The Year Ended 30 September 2025

for

Burcombe Haulage Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Statement of Comprehensive Income

7

Balance Sheet

8

Statement of Changes in Equity

9

Cash Flow Statement

10

Notes to the Cash Flow Statement

11

Notes to the Financial Statements

12

DIRECTORS:

C M Hodge

N A Haigh

R Ackford

S Wilkie

SECRETARY:

N A Haigh

REGISTERED OFFICE:

Harscombe House

1 Darklake View

Plymouth

Devon

PL6 7TL

BUSINESS ADDRESS:

Luscombe View

St Dominic

Saltash

Cornwall

PL12 6SH

REGISTERED NUMBER:

03847630 (England and Wales)

AUDITORS:

TC Group

Statutory Auditors

Harscombe House

1 Darklake View

Plymouth

Devon

PL6 7TL

The directors present their strategic report for the year ended 30 September 2025.

REVIEW OF BUSINESS

During the year the company continued the business of haulage, primarily for the construction industry but also for general haulage and freight distribution services.

The Company's turnover for the year was £17,823,880 a decrease of 6.58% on the prior year (2024: £19,078,916). Profit before tax for the financial year saw an increase of 8.77% to £859,153 (2024: £789,885).

The balance sheet shows a strengthened position with net assets increasing by 5.67% on the prior year to £8,361,200 (2024: £7,912,779).

Key performance indicators and other business measures

30.09.25

30.09.24

£

£

Turnover

17,823,880

19,078,916

Gross margin

17.30%

14.04%

Profit before tax

819,857

789,884

Net assets

8,315,519

7,912,799

PRINCIPAL RISKS AND UNCERTAINTIES

The key risks facing the company are:

Cyclical nature of the construction industry - most of the trading activity of the company is based around the construction industry which suffers from lean times and times of opportunity. The directors mitigate this risk through company use of sub-contractors which enable the company to control labour costs during busier times.

Availability of skilled drivers - with the plant utilised by the company skilled drivers are becoming more difficult to attract and retain. The directors review the recruitment and retention initiatives to ensure it attracts the best staff and keeps them with the company.

Costs of fuel - Fuel prices are monitored by the company and reflected within their pricing structure. To mitigate this risk, the directors periodically review the pricing structure to ensure fuel price movement is reflected in the pricing policy.

The key to running a reliable and efficient service is the maintenance and repair of lorries. Whilst the company has a reinvestment policy for the replacement of lorries as is necessary for ongoing maintenance, it is with this in mind that the company has invested in a modern workshop to support the continued growth of the fleet during the year.

The company's future plans are to continue to grow the company organically.

ON BEHALF OF THE BOARD:

C M Hodge - Director

29 April 2026

The directors present their report with the financial statements of the company for the year ended 30 September 2025.

DIVIDENDS

Interim dividends of £2,038 per ordinary share were paid during the year. The directors recommended a final dividend of £nil per share.

DIRECTORS

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

C M Hodge

N A Haigh

R Ackford

S Wilkie

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 or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, TC Group, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

C M Hodge - Director

29 April 2026

Opinion

We have audited the financial statements of Burcombe Haulage Limited(the 'company') for the year ended 30 September 2025which comprise the statement of comprehensive income, the balance sheet, the statement of changes in equity and notes to the financial statements, including 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 30 September 2025and of its profit/loss for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the 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 directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the directors' report has 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 directors' report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit; or

- the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption in preparing the directors' report and take advantage of the small companies exemption from the requirement to prepare a strategic report.

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

Extent to which the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit, in respect to fraud, are: to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses; and to respond appropriately to fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and its management.

Our approach was as follows:

- We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience, and through discussion with the directors and other management (as required by auditing standards), and discussed with the directors and other management the policies and procedures regarding compliance with laws and regulations;

- We considered the legal and regulatory frameworks directly applicable to the financial statements reporting framework (FRS 102 and the Companies Act 2006) and the relevant tax compliance regulations in the UK;

- We considered the nature of the industry, the control environment and business performance, including the key drivers for management's remuneration;

- We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit;

- We considered the procedures and controls that the company has established to address risks identified, or that otherwise prevent, deter and detect fraud; and how senior management monitors those programmes and controls.

Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Where the risk was considered to be higher, we performed audit procedures to address each identified fraud risk. These procedures included: testing manual journals; reviewing the financial statement disclosures and testing to supporting documentation; performing analytical procedures; and enquiring of management, and were designed to provide reasonable assurance that the financial statements were free from fraud or error.

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. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

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 him 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.

James Groves (Senior Statutory Auditor)

for and on behalf of TC Group

Statutory Auditors

Harscombe House

1 Darklake View

Plymouth

Devon

PL6 7TL

30 April 2026

TURNOVER

3

17,823,880

19,078,916

Cost of sales

14,740,582

16,399,591

GROSS PROFIT

3,083,298

2,679,325

Administrative expenses

2,209,001

1,854,079

874,297

825,246

Other operating income

2,202

3,384

OPERATING PROFIT

5

876,499

828,630

Interest receivable and similar income

8,826

13,275

885,325

841,905

Interest payable and similar expenses

6

65,468

52,021

PROFIT BEFORE TAXATION

819,857

789,884

Tax on profit

7

213,337

134,099

PROFIT FOR THE FINANCIAL YEAR

606,520

655,785

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

606,520

655,785

FIXED ASSETS

Intangible assets

9

-

2,449

Tangible assets

10

5,394,817

4,844,836

5,394,817

4,847,285

CURRENT ASSETS

Debtors

11

6,925,146

7,033,248

Cash at bank and in hand

780,919

492,876

7,706,065

7,526,124

CREDITORS

Amounts falling due within one year

12

3,256,146

2,972,560

NET CURRENT ASSETS

4,449,919

4,553,564

TOTAL ASSETS LESS CURRENT LIABILITIES

9,844,736

9,400,849

CREDITORS

Amounts falling due after more than one year

13

(526,002

)

(542,804

)

PROVISIONS FOR LIABILITIES

16

(1,003,215

)

(945,246

)

NET ASSETS

8,315,519

7,912,799

CAPITAL AND RESERVES

Called up share capital

17

100

100

Retained earnings

18

8,315,419

7,912,699

SHAREHOLDERS' FUNDS

8,315,519

7,912,799

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2026 and were signed on its behalf by:

N A Haigh - Director

C M Hodge - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 October 2023

100

7,715,014

7,715,114

Changes in equity

Dividends

-

(458,100

)

(458,100

)

Total comprehensive income

-

655,785

655,785

Balance at 30 September 2024

100

7,912,699

7,912,799

Changes in equity

Dividends

-

(203,800

)

(203,800

)

Total comprehensive income

-

606,520

606,520

Balance at 30 September 2025

100

8,315,419

8,315,519

Cash flows from operating activities

Cash generated from operations

1

2,166,157

1,595,042

Interest element of hire purchase payments paid

(65,468

)

(52,021

)

Tax paid

(96,244

)

(61,711

)

Net cash from operating activities

2,004,445

1,481,310

Cash flows from investing activities

Purchase of tangible fixed assets

(1,591,399

)

(1,323,256

)

Sale of tangible fixed assets

87,298

17,499

Interest received

8,826

13,275

Net cash from investing activities

(1,495,275

)

(1,292,482

)

Cash flows from financing activities

New hire purchase in year

692,557

707,592

Capital repayments in year

(713,356

)

(736,558

)

Amount introduced by directors

-

372

Group company loan movement

3,472

(42,832

)

Equity dividends paid

(203,800

)

(458,100

)

Net cash from financing activities

(221,127

)

(529,526

)

Increase/(decrease) in cash and cash equivalents

288,043

(340,698

)

Cash and cash equivalents at beginning of year

2

492,876

833,574

Cash and cash equivalents at end of year

2

780,919

492,876

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

30.9.25

30.9.24

£

£

Profit before taxation

819,857

789,884

Depreciation charges

934,561

910,760

Loss on disposal of fixed assets

22,006

2,266

Finance costs

65,468

52,021

Finance income

(8,826

)

(13,275

)

1,833,066

1,741,656

Decrease/(increase) in trade and other debtors

104,631

(606,368

)

Increase in trade and other creditors

228,460

459,754

Cash generated from operations

2,166,157

1,595,042

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 30 September 2025

30.9.25

1.10.24

£

£

Cash and cash equivalents

780,919

492,876

Year ended 30 September 2024

30.9.24

1.10.23

£

£

Cash and cash equivalents

492,876

833,574

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1.10.24

Cash flow

At 30.9.25

£

£

£

Net cash

Cash at bank and in hand

492,876

288,043

780,919

492,876

288,043

780,919

Debt

Finance leases

(1,157,571

)

20,801

(1,136,770

)

(1,157,571

)

20,801

(1,136,770

)

Total

(664,695

)

308,844

(355,851

)

1.	STATUTORY INFORMATION

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales, excluding value added tax and net of any discounts given.

Haulage services are recognised at the point the customer is invoiced for goods and services, being the date the work is completed.

Sweeping services are recognised at the point the customer is invoiced for goods and services, being the date the work is completed.

Storage services are recognised in accordance with the period covered.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer Software are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

2% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Deferred taxation

Full provision is made at current rates for taxation deferred in respect of all material timing differences.

3.

TURNOVER

The turnover and profit before taxation are attributable to the principal activities of the company.

An analysis of turnover by class of business is given below:

30.9.25

30.9.24

£

£

Haulage services

16,185,700

17,711,877

Sweeper services

1,307,011

1,159,031

Storage services

331,169

208,008

17,823,880

19,078,916

4.	EMPLOYEES AND DIRECTORS

30.9.25

30.9.24

£

£

Wages and salaries

4,918,634

4,722,891

Social security costs

549,135

466,239

Other pension costs

184,780

225,168

5,652,549

5,414,298

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

30.9.25

30.9.24

Directors

4

4

Administration

17

15

Drivers

94

97

115

116

30.9.25

30.9.24

£

£

Directors' remuneration

302,366

150,995

Directors' pension contributions to money purchase schemes

93,853

133,520

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

Money purchase schemes

4

4

Information regarding the highest paid director for the year ended 30 September 2025 is as follows:

30.9.25

£

Emoluments etc

125,724

Pension contributions to money purchase schemes

25,000

5.	OPERATING PROFIT

The operating profit is stated after charging:

30.9.25

30.9.24

£

£

Depreciation - owned assets

548,316

520,506

Depreciation - assets on hire purchase contracts

383,798

384,380

Loss on disposal of fixed assets

22,006

2,266

Computer Software amortisation

2,449

5,877

Auditors' remuneration

3,795

3,612

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

30.9.25

30.9.24

£

£

Hire purchase interest

65,468

52,021

7.

TAXATION

Analysis of the tax charge

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

30.9.25

30.9.24

£

£

Current tax:

UK corporation tax

155,369

30,330

Deferred tax

57,968

103,769

Tax on profit

213,337

134,099

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:

30.9.25

30.9.24

£

£

Profit before tax

819,857

789,884

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

204,964

197,471

Effects of:

Expenses not deductible for tax purposes

8,410

2,076

Capital allowances in excess of depreciation

(53,443

)

(103,304

)

Deferred tax

57,968

103,769

Research & Development credit

-

(65,913

)

Group relief

(4,562

)

-

Total tax charge

213,337

134,099

8.

DIVIDENDS

30.9.25

30.9.24

£

£

Ordinary A shares of £1 each

Final

203,800

458,100

9.	INTANGIBLE FIXED ASSETS

Computer

Software

£

COST

At 1 October 2024

and 30 September 2025

29,386

AMORTISATION

At 1 October 2024

26,937

Amortisation for year

2,449

At 30 September 2025

29,386

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

2,449