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

The principal activity of L Burridge Ltd continues to be the provision of high-quality commercial cleaning services through its contracted workforce.

The company has continued to make strong progress against its strategic growth objectives. Turnover increased by 15% compared with 2024, reflecting the combination of new contract wins and organic expansion across the existing client base. This level of performance has now surpassed pre-pandemic trading levels, reinforcing the resilience and strength of the company’s operating model.

The business remains focused on executing a clear growth strategy, underpinned by sustained investment in workforce capacity, technological innovation, and operational infrastructure. These investments ensure that as the company scales, it continues to deliver service excellence and uphold strong customer relationships.

The company’s success is built on long-term partnerships with customers, suppliers, and employees, and these relationships remain a cornerstone of the business model.

The principal external threat to the business is the potential impact of a wider economic slowdown and extended payment terms from customers. The board is proactively engaging with clients to mitigate this risk and ensure ongoing cash flow stability.

Other key risks are carefully managed through robust control frameworks:

• Revenue risk: Internal and external audits are undertaken regularly, with cut-off testing embedded in monthly management reporting.

• IT risk: Continued investment in cybersecurity and data protection safeguards operational resilience.

• Credit risk: Rigorous credit checks, established customer relationships, and strong credit control processes have historically kept bad debts at low levels.

• Liquidity and cashflow risk: Regular forecasting and cashflow reviews ensure the business maintains sufficient liquidity to support its growth strategy and financial obligations.

Turnover increased to £14,899,824 in 2025 from £12,984,828 in 2024. Gross profit margin decreased slightly from 10.45% to 10.12%, consistent with the planned investment in workforce expansion. Overheads rose to £1,392,063 (2024: £1,180,930), reflecting increased investment in operational capability, vehicles, and staff to support new and existing contracts.

Profit before tax was £43,654 (2024: £119,697), which is in line with board expectations and reflects the company’s planned growth investment phase.

The business monitors key performance indicators, including turnover and gross profit, through detailed monthly management accounts, quarterly reforecasting, and comprehensive internal control systems to ensure strategic and financial alignment.

Leveraging Technology and AI to Drive Profitability

Significant investment was made during FY25 in the development of in-house technology and automation. This infrastructure will underpin margin expansion, cost control, and service quality enhancements in FY25 and beyond.

• Optimised Workforce Management will increase workforce efficiency and operational visibility.

• Predictive Analytics will strengthen cost control, cash flow forecasting, and margin protection.

• Driven Customer Engagement will improve retention, increase contract value, and support long-term growth.

During FY25, the company invested in the research and development of NeuroSense, a world-first cognitive strain monitoring system designed specifically for frontline workers. This innovation represents a strategic milestone in combining operational performance with workforce wellbeing.

• NeuroSense enables real-time monitoring of cognitive strain to help reduce stress and fatigue in frontline environments.

• The system is designed to support productivity, lower turnover rates, and improve staff retention by proactively identifying and managing cognitive load.

• The investment in NeuroSense positions L Burridge Ltd as a sector leader in workforce innovation, aligning employee wellbeing with operational efficiency and client service excellence.

The strategic shift to in-house supply production represents a fundamental step in improving the company’s cost structure and pricing flexibility.

• Reducing third-party supplier dependency will mitigate external cost pressures and supply chain risks.

• Economies of scale are expected to reduce unit costs by 5% over the next financial year.

• This shift will support improved gross margins, pricing competitiveness, and long-term operational resilience.

Managing Cost Inflation and Enhancing Margins

FY25 was impacted by inflationary pressures in energy and increases with employment associated taxes. In FY26, the company will continue to address these pressures strategically through:

• Streamlined service delivery and digital scheduling.

• Automation and workflow optimisation.

• Efficiency initiatives designed to protect and grow margins.

Market Expansion and Revenue Growth

Following a 15% increase in turnover in FY25, the company is well positioned to continue its upward growth trajectory through:

• Strengthening key client relationships and expanding existing contracts through AI-driven personalisation.

• Targeting high-growth sectors through structured tendering and strategic partnerships.

• Leveraging in-house production capabilities to diversify revenue streams through third-party supply.

L Burridge Ltd enters FY26 with a robust operational platform, a clear strategic roadmap, and the technological infrastructure to drive scalable growth.

The board anticipates over the next 24 months:

• An uplift in net profits, driven by operational efficiencies and strategic investment.

• Improved gross profit margins through enhanced cost control and in-house production.

• Sustained revenue growth through a combination of new business acquisition and client retention.

The company remains focused on delivering sustained, profitable growth, maintaining operational excellence, and strengthening its market leadership in the commercial cleaning sector.

On behalf of the board

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

The principal activity of the company continued to be that of cleaning services for their contractors.

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

No ordinary dividends were paid during this period (2024: £76,800). The directors do not recommend payment of a further dividend.

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

During the year the company has complied with the following:

- for giving full and fair consideration to applications for employment by the company made by disabled persons, having regard to their particular aptitudes and abilities,

- for continuing the employment of, and for arranging appropriate training for, employees of the company who have become disabled persons during the period when they were employed by the company, and

- otherwise for the training, career development and promotion of disabled persons employed by the company.

Providing Employees with Information on Matters of Concern to Them as Employees:

• Utilise your staff app to regularly update employees on company news, policy changes, and other matters of concern.

• Create an open forum or a suggestion box feature within the app where employees can voice their concerns or give feedback.

• Offer regular training and development sessions to keep employees informed and skilled.

Consulting Employees on a Regular Basis:

• Conduct regular surveys or polls through the staff app to gather employee opinions on various decisions.

• Organise virtual or in-person focus groups with a diverse representation of staff to discuss upcoming changes or projects.

• Implement a policy where employee feedback is actively sought and considered before finalising major decisions.

Encouraging the Involvement of Employees in the Company's Performance:

• Introduce incentive programs linked to company performance, such as recognition for teams that meet or exceed targets.

• Share regular performance updates and future goals through the app, making sure employees understand how their role contributes to the bigger picture.

• Involve employees in goal-setting processes and seek their input on how to improve performance and efficiency.

Achieving a Common Awareness of Financial & Economic Factors Affecting Performance:

• Provide educational content or short training modules on how economic factors impact the business.

• Regularly share simplified financial reports or summaries with Key Staff to keep everyone informed about the company's financial health.

• Organise Q&A sessions with the management or finance team where questions are asked and more about the financial aspects of the business are learned.

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

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

• select suitable accounting policies and then apply them consistently;

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

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

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

We have audited the financial statements of L Burridge Ltd (the 'company') for the year ended 31 May 2025 which comprise the profit and loss account, the statement of comprehensive income, the balance sheet, the statement of changes in equity, the statement of cash flows 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 Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 31 May 2025 and of its profit for the year then ended;

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

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

Basis for opinion

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

Material uncertainty related to going concern

We draw attention to note 1.2 in the financial statements. We acknowledge that as per note 1.2 the directors continue to seek long term sustainable financing for the group and to improve the ongoing operational position of the company that will have a positive impact on the going concern of the company and its continued growth forecast. It is noted that at date of the approval of the financial statements these events and conditions are not yet completed. It is these events and conditions alongside other matters set out in note 1.2 that indicate that a material uncertainty exists on the company as a going concern. Our opinion, however, is not modified in respect to this matter.

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

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report.

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

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

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

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

• we have not received all the information and explanations we require for our audit.

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

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

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

• The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

• We identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the manufacturing sector;

• We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation;

• We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

• Identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

• Making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

• Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

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

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

• Tested journal entries to identify unusual transactions;

• Reviewed the internal controls in place, specifically around payroll and bank 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.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

• Agreeing financial statement disclosures to underlying supporting documentation;

• Reading the minutes of meetings of those charged with governance;

• Enquiring of management as to actual and potential litigation and claims; and

• Reviewing correspondence with HMRC and the company's legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

The profit and loss account has been prepared on the basis that all operations are continuing operations.

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

L Burridge Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Onega House, 112 Main Road, Sidcup, Kent, DA14 6NE.

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

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

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

During the period the company continued to increase its turnover. With this continued growth the company has faced a number of ongoing operation and financing issues that has resulted in a reduced profit and increased 3rd party lending. The directors continue to closely monitor cash flow as part of the day-to day operations of the business, monitoring cost bases and ensuring relevant taxes are paid in a timely matter or negotiated accordingly. Furthermore, the directors continue to seek long term funding and or investment in relation to the business that best suits the purposes of the business in the medium and long term to provide a continued platform for growth. The growth of business has allowed it to manoeuvrer into listed retail entities that form part of its core operations. This alongside, the forecasted profit in the period to 31 May 2026 and beyond denotes a positive and strong business moving forward.true

During this period of realignment in the current financial period, the directors have continued to operate within a difficult UK trading environment within the sector, including increases to national insurance and other regulatory requirements. Further to this the directors are aware that they are a debtor of the company and as required would provide financial support to the business to repay any debts that fall due. The directors, as part of the ongoing financial assessment of the business, are continuing to closely monitor company cash flow and their own remuneration structure as part of this restructure.

As such, whilst the company faces a number of challenges, the continued support of the directors, customers, and relevant creditors alongside a strong trading platform means that the directors have reasonable expectation that the business will continue to operationally exist for the foreseeable future and thus the financial statements are prepared on the going concern basis. This is further supported by the expected growth in profitability alongside the repositioning of the company as a major services provider to recognised listed companies.

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

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The company recognises revenue from the following major sources:

• Sale of services

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

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

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

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

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

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

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

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

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

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

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

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

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

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

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

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

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

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

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

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

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

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

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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

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

Their aggregate remuneration comprised:

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

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

Bank loans are not secured by any charges on the company and incur an annual interest rate of between 13.3% and 13.9%.

Finance leases are secured against the assets to which they relate.

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

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

One ordinary A share was issued to Liberty Burridge, the daughter of directors; Matthew Burridge and Lauren Burridge.

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

At 31 May 2025 the directors owed L Burridge Ltd £512,596 (2024: £160,437). There are no terms attached to the loans provided to the directors and it has been provided by the company interest free.

As at the year end the directors have provided limited guarantees on behalf of the company totalling £66,000.

The previous period has been restated to reflect prepayments of £387,539, relating to prepaid cleaning materials, previously held as stock. This adjustment has resulted in a restatement of the accounting policies to the entity, and the balance sheet in the previous period with no impact to the profit and loss account reported.

In the previous periods, additional share capital issued was not included in the financial statements and the share capital note thereon.