REGISTERED NUMBER: 04721509 (England and Wales)

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

ALS CIVIL ENGINEERS HOLDINGS LIMITED

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

5

Consolidated Income Statement

9

Consolidated Other Comprehensive Income

11

Consolidated Balance Sheet

12

Company Balance Sheet

13

Consolidated Statement of Changes in Equity

14

Company Statement of Changes in Equity

15

Consolidated Cash Flow Statement

16

Notes to the Consolidated Cash Flow Statement

17

Notes to the Consolidated Financial Statements

19

DIRECTORS:

Mr R A Lawson

Mr B J Lawson

SECRETARY:

Mrs J A Whittaker

REGISTERED OFFICE:

Unit 69, The Oaks Manston Business Park

Invicta Way

Manston

Ramsgate

Kent

CT12 5FS

REGISTERED NUMBER:

04721509 (England and Wales)

SENIOR STATUTORY AUDITOR:

Karen Dyer FCCA

AUDITORS:

FKCA Limited

Statutory Auditor

260 - 270 Butterfield

Great Marlings

Luton

Bedfordshire

LU2 8DL

The directors present their strategic report of the company and the group for the year ended 30 June 2025.

The ALS Civil Engineers Group comprises of ALS Civil Engineers Holdings Ltd (Holdings), ALS Civil Engineers Ltd (ALS) and G & L Environmental Ltd (GLE). ALS and GLE were both the trading companies of the Group with Holdings overseeing the strategic operations of both. GLE is no longer part of the group as of 27 June 2025.

REVIEW OF BUSINESS

The financial year covered by the accounts to the 30 June 2025 has been a successful one for the Group with substantial growth in turnover and improved gross profit and net profit margins. The respective balance sheets of the companies show strong capital discipline and improved financial resilience within the Group with net assets in all companies increasing. This reflects the Group's successful expansion strategy and intelligent focus on the opportunities before it.

ALS has continued to maximise the opportunities available to it following its success in being awarded the UK Power Networks (UKPN) Connections framework in May 2024. The Company is well placed for the future and continues to build its reputation through high service and quality standards.

GLE has expanded its portfolio and client base by taking advantage of demand within the sector and through innovation and investment in its people and its systems. The Directors have worked on strengthening the company's relationship with Southern Water Services (SWS) for whom it is a Tier 2 supplier with a view to securing a framework contract in the future. It has also improved and expanded its Mechanical Engineering services.

On the 27th June 2025 the directors of the group disposed of the investment in GLE. This was to separate the two trading companies for future growth and opportunities.

The Directors believe that the Group's program of investment in its people and its systems and its robust commercial management have driven the businesses forward and thus ensured sustained profitability during a period of growth.

The Directors have also striven to build the reputation and public profile of the Group by maintaining its excellent service and quality standards.

PRINCIPAL RISKS AND UNCERTAINTIES

The Directors have continued to work to maintain the Group's liquidity and balance sheet strength but have remained mindful of the trading risks faced by the respective trading companies within the Group. Demand for services within the civil engineering, construction and utilities sector remains high. In relation to ALS the Directors are conscious of the high percentage of the Company's work which arises through the UKPN framework contract and are mindful of the need to increase diversity within the Company's client base.

Both ALS and GLE have continued to maintain their excellent safety records and will continue to strive to identify working practices which improve safety and reduce environmental impact.

KEY PERFORMANCE INDICATORS

2025

2024

£'000

£'000

Group Turnover

36,903

29,511

Group Turnover Growth

25.05%

42.50%

Group Gross Profit Margin

13.47%

11.83%

Group Profit before tax

1,684

1,192

FUTURE DEVELOPMENTS

Changes in the ALS Group structure at end of year mean that GLE is no longer a part of the ALS Group. It is anticipated however that ties between the two trading companies will remain close and that there will be co-operation between the companies to the mutual benefit of them both.

For the ALS Group the Directors anticipate that the year 2025 to 2026 will be a year of consolidation following this reorganisation. The focus will be on improving profitability whilst maintaining the Group's high service and quality standards.

The Directors will continue to seek out and take advantage of all new opportunities and will work to improve the Group's reputation for reliability, quality and safety further enhancing the Company's excellent profile within the industry.

ON BEHALF OF THE BOARD:

Mr R A Lawson - Director

22 May 2026

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

PRINCIPAL ACTIVITIES

The principal activities of the group in the year under review were those of civil engineering and supply of labour.

DIVIDENDS

The total distribution of dividends for the year ended 30 June 2025 will be £21,657.

DIRECTORS

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

Mr R A Lawson

Mr B J Lawson

DISCLOSURE IN THE STRATEGIC REPORT

The company has chosen in accordance with section 414C(11) of the Companies Act 2006 to set out in the company’s strategic report information required by Schedule 7 of The Large and Medium-Sized Companies and Groups (Accounts and Reports) Regulations 2008 (SI 2008/410) to be contained in the directors’ report. It has done so in respect of future developments.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group 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 group'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 group's auditors are aware of that information.

ON BEHALF OF THE BOARD:

Mr R A Lawson - Director

22 May 2026

Opinion

We have audited the financial statements of ALS Civil Engineers Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 June 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated 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 group's and of the parent company affairs as at 30 June 2025 and of the group's 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 group 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 group's and the parent 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 matters

The financial statements of the group for the year ended 30 June 2024, from which the comparative figures are

derived, were not audited. Accordingly, we do not express an opinion on the comparative figures.

Other information

The directors are responsible for the other information. The other information comprises the information in the Group 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 Group 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 Group 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 group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company 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 group's and the parent 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 group or the parent 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.

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

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. Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud was as follows:

-

enquiry of management and those charged with governance around actual and potential litigation and claims;

-

enquiry of entity staff and the board of directors to identify any instances of non-compliance with laws and regulations; and

-

reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to involve the completeness and timing of income recognition, the override of controls by management, the existence, completeness and valuation of amounts recoverable under contract and the completeness of accruals

To address the risk of fraud in relation to revenue recognition, we:

-

Performed detailed substantive testing to address completeness and accuracy of sales

-

Assessed the appropriateness and application of the accounting policy concerning income recognition ;and

-

Assessed the risk period surrounding cut-off of sales and performed detailed testing either side of the balance sheet date

To address the risk of fraud through management bias and override of controls, we:

-

Performed analytical procedures to identify any unusual or unexpected relationships; and

-

Tested journal entries to identify unusual transactions; and

-

Assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias;

-

Investigated the rationale behind significant or unusual transactions.

To address the risk of fraud through amounts recoverable under contract, we:

-

Reviewed managements estimate of ongoing contracts at the year end and work completed

-

Formed an expectation of amounts recoverable under contract at year end and obtained source document to trace through to work completed

-

Assessed whether amounts recoverable under contract are complete.

To address the risk of through completeness of accruals, we:

-

Reviewed managements calculation of accruals

-

Review post year end expenditure

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.

Karen Dyer FCCA (Senior Statutory Auditor)

for and on behalf of FKCA Limited

Statutory Auditor

260 - 270 Butterfield

Great Marlings

Luton

Bedfordshire

LU2 8DL

22 May 2026

TURNOVER

5

28,134,027

8,769,465

36,903,492

Cost of sales

(24,954,621

)

(6,977,832

)

(31,932,453

)

GROSS PROFIT

3,179,406

1,791,633

4,971,039

Administrative expenses

(2,285,028

)

(964,076

)

(3,249,104

)

894,378

827,557

1,721,935

Other operating income

20,314

-

20,314

OPERATING PROFIT

7

914,692

827,557

1,742,249

Interest receivable and similar income

469

908

1,377

Interest payable and similar expenses

8

(40,676

)

(18,700

)

(59,376

)

PROFIT BEFORE TAXATION

874,485

809,765

1,684,250

Tax on profit

9

(287,705

)

(81,520

)

(369,225

)

PROFIT FOR THE FINANCIAL YEAR

586,780

728,245

1,315,025

Profit attributable to:

Owners of the parent

945,161

Non-controlling interests

369,864

1,315,025

TURNOVER

5

23,102,809

6,408,501

29,511,310

Cost of sales

(20,574,356

)

(5,444,924

)

(26,019,280

)

GROSS PROFIT

2,528,453

963,577

3,492,030

Administrative expenses

(1,825,379

)

(434,114

)

(2,259,493

)

703,074

529,463

1,232,537

Other operating income

7,500

-

7,500

OPERATING PROFIT

7

710,574

529,463

1,240,037

Interest receivable and similar income

140

91

231

Interest payable and similar expenses

8

(43,269

)

(5,308

)

(48,577

)

PROFIT BEFORE TAXATION

667,445

524,246

1,191,691

Tax on profit

9

(114,490

)

(255,370

)

(369,860

)

PROFIT FOR THE FINANCIAL YEAR

552,955

268,876

821,831

Profit attributable to:

Owners of the parent

507,468

Non-controlling interests

314,363

821,831

PROFIT FOR THE YEAR

1,315,025

821,831

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,315,025

821,831

Total comprehensive income attributable to:

Owners of the parent

945,161

507,468

Non-controlling interests

369,864

314,363

1,315,025

821,831

FIXED ASSETS

Tangible assets

13

1,070,457

688,395

Investments

14

-

-

Investment property

15

600,000

600,000

1,670,457

1,288,395

CURRENT ASSETS

Stocks

16

124,371

124,371

Debtors

17

5,692,220

6,134,649

Cash at bank

1,519,605

980,811

7,336,196

7,239,831

CREDITORS

Amounts falling due within one year

18

4,348,352

4,548,566

NET CURRENT ASSETS

2,987,844

2,691,265

TOTAL ASSETS LESS CURRENT LIABILITIES

4,658,301

3,979,660

CREDITORS

Amounts falling due after more than one year

19

(539,542

)

(231,916

)

PROVISIONS FOR LIABILITIES

23

(414,896

)

(302,934

)

NET ASSETS

3,703,863

3,444,810

CAPITAL AND RESERVES

Called up share capital

24

12,000

12,000

Revaluation reserve

25

429,563

429,563

Retained earnings

25

3,262,300

2,338,796

SHAREHOLDERS' FUNDS

3,703,863

2,780,359

NON-CONTROLLING INTERESTS

-

664,451

TOTAL EQUITY

3,703,863

3,444,810

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2026 and were signed on its behalf by:

Mr R A Lawson - Director

Mr B J Lawson - Director

FIXED ASSETS

Tangible assets

13

2,593

3,572

Investments

14

12,000

12,075

Investment property

15

600,000

600,000

614,593

615,647

CURRENT ASSETS

Stocks

16

69,038

69,038

Debtors

17

876,367

332,643

Cash at bank

18,701

11,920

964,106

413,601

CREDITORS

Amounts falling due within one year

18

87,469

118,224

NET CURRENT ASSETS

876,637

295,377

TOTAL ASSETS LESS CURRENT LIABILITIES

1,491,230

911,024

PROVISIONS FOR LIABILITIES

23

143,188

143,188

NET ASSETS

1,348,042

767,836

CAPITAL AND RESERVES

Called up share capital

24

12,000

12,000

Revaluation reserve

25

429,563

429,563

Retained earnings

25

906,479

326,273

SHAREHOLDERS' FUNDS

1,348,042

767,836

Company's profit for the financial year

601,863

262,202

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2026 and were signed on its behalf by:

Mr R A Lawson - Director

Mr B J Lawson - Director

Called up

share

Retained

Revaluation

capital

earnings

reserve

£

£

£

Balance at 1 July 2023

12,000

1,831,328

429,563

Changes in equity

Total comprehensive income

-

507,468

-

Balance at 30 June 2024

12,000

2,338,796

429,563

Changes in equity

Dividends

-

(21,657

)

-

Total comprehensive income

-

945,161

-

12,000

3,262,300

429,563

Disposal of non-controlling interest

-

-

-

Balance at 30 June 2025

12,000

3,262,300

429,563

Non-controlling

Total

Total

interests

equity

£

£

£

Balance at 1 July 2023

2,272,891

350,088

2,622,979

Changes in equity

Total comprehensive income

507,468

314,363

821,831

Balance at 30 June 2024

2,780,359

664,451

3,444,810

Changes in equity

Dividends

(21,657

)

-

(21,657

)

Total comprehensive income

945,161

369,864

1,315,025

3,703,863

1,034,315

4,738,178

Disposal of non-controlling interest

-

(1,034,315

)

(1,034,315

)

Balance at 30 June 2025

3,703,863

-

3,703,863

Called up

share

Retained

Revaluation

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 July 2023

12,000

64,071

429,563

505,634

Changes in equity

Total comprehensive income

-

262,202

-

262,202

Balance at 30 June 2024

12,000

326,273

429,563

767,836

Changes in equity

Dividends

-

(21,657

)

-

(21,657

)

Total comprehensive income

-

601,863

-

601,863

Balance at 30 June 2025

12,000

906,479

429,563

1,348,042

Cash flows from operating activities

Cash generated from operations

1

2,641,641

1,265,205

Interest paid

(8,687

)

(16,881

)

Interest element of hire purchase payments paid

(50,689

)

(31,696

)

Tax paid

(299,877

)

(13,163

)

Net cash from operating activities

2,282,388

1,203,465

Cash flows from investing activities

Purchase of tangible fixed assets

(210,617

)

(69,219

)

Sale of tangible fixed assets

56,922

52,004

Disposal of G & L Environmental cash

(1,086,368

)

-

Interest received

1,377

231

Net cash from investing activities

(1,238,686

)

(16,984

)

Cash flows from financing activities

Loan repayments in year

(100,000

)

(100,000

)

Capital repayments in year

(365,620

)

(201,172

)

Amount introduced by directors

2,400

(1,357

)

-

(898,812

)

Net cash from financing activities

(463,220

)

(1,201,341

)

Increase/(decrease) in cash and cash equivalents

580,482

(14,860

)

Cash and cash equivalents at beginning of year

2

939,123

953,983

Cash and cash equivalents at end of year

2

1,519,605

939,123