FB Taylor (Holdings) Limited Group accounts (Group and Company)

COMPANY REGISTRATION NUMBER: 06912783

FB Taylor (Holdings) Limited

Consolidated Financial Statements

For the year ended

31 August 2025

FB Taylor (Holdings) Limited

Consolidated Financial Statements

Year ended 31 August 2025

Contents	Page

Officers and professional advisers	1

Strategic report	2

Directors' report	5

Independent auditor's report to the members	7

Consolidated statement of income and retained earnings	12

Company statement of income and retained earnings	13

Consolidated statement of financial position	14

Company statement of financial position	15

Consolidated statement of cash flows	16

Notes to the consolidated financial statements	17

FB Taylor (Holdings) Limited

Officers and Professional Advisers

The board of directors	G Taylor
	N Baldwin
	JC Taylor
	VM Taylor

Registered office	5 Camp Hill Close
	Ripon
	HG4 1QY

Auditor	Streets Audit LLP
	Chartered Accountants & statutory auditor
	Enterprise House
	38 Tyndall Court
	Commerce Road
	Lynch Wood
	Peterborough
	Cambridgeshire
	PE2 6LR

Bankers	National Westminster Bank Plc
	16 South Parade
	Nottingham
	NG1 2JX

FB Taylor (Holdings) Limited

Strategic Report

Year ended 31 August 2025

The business continues to operate as a cable installation contractor and property owner within the construction industry. The Directors are pleased to report the business, due to ongoing projects and acquisition of new contracts, has continued to build upon the strong results achieved over preceding year for the year to 31 August 2025. The business continues to be successful across key markets sectors; Renewable Energy Projects, Nuclear, Petrochemical, Energy from Waste (EfW) and Water and benefits from broad client base built up over many years trading. The Directors are confident that the business' good reputation as a leading Cable Installation provider, its skilled and dedicated workforce combined with a strong balance sheet stands the business in an excellent position to continue to improve performance throughout 2026/27. Operational Performance and Key Performance Indicators The Directors of the business consider the key performance indicators (KPI's) of the group to be: - turnover - gross margin and - operating profit The Group achieved turnover of £23.7m for the year to 31 August 2025, an increase of 38% on previous year (2024: £17.1m). The improvement to turnover demonstrates successful tendering for projects over the year and successful delivery of ongoing contracts. The business notes that core markets climate continues to be buoyant with strong pipeline and visibility of projects for 2026 and beyond. Such projects are closely aligned with our capabilities and the business is confident of securing further projects throughout the coming year. Gross profit margin increased to 33% (2024: 27%) due to operational efficiencies and monitoring and control of cost base and utilisation of knowledge of complex environments. Operating Profit increased to 14% (2024: 7%) due to control of administrative expenses. The results for the year reflect a successful trading year. The business has worked closely with our existing client base delivering successful projects across the year. Working collaboratively with clients and suppliers is considered at the core of our business ethos and has allowed us to deliver successful and profitable projects throughout the year. The Directors remain prudent and aware the principal trading risk for future years is to successfully tender with its customer base to secure new opportunities. The company will continue to manage its sales pipeline, workforce, and related costs, as necessary. The business will closely monitor overheads throughout 2026 to ensure they are aligned with trading conditions. The board regularly reviews financial forecasts to ensure it is on track to achieve these aims and assess business opportunities and challenges to ensure there is sufficient financial and resource capital to meet future revenue streams. The Directors of the business consider the non-financial KPI's of the group to be: - Staff retention - Environmental issues - Health and Safety compliance and improvement - Tender Success % - Annual Labour Hours The Directors continuously review each of the non-financial KPI's ensuring that the company is maximising added value in each of these areas. The Directors would like to acknowledge and thank the hard work put in by a very dedicated team of employees, our customer base for continuing to recognise the value of working with our business and all other stakeholders involved. The business has demonstrated its ability to react to difficult and challenging markets and shown the importance of financial stability and good reputation which has allowed the business to respond to market conditions. Principal Risks and Uncertainties The company's principal financial instruments comprise of cash and various items, such as trade debtors and trade creditors, which arise directly from operations. The main purpose of these financial instruments is to provide working capital for the company's operations. The existence of financial instruments exposes the company to financial risks such as credit risk and liquidity risk, however strong cash reserves mitigate these risks. Despite the low level of financial risk faced by the company, the Directors consider it important to review and agree policies for managing each of these risks as summarised below. Credit risk The construction industry remains a volatile sector intrinsically linked to prevailing economic conditions. Operating as a specialist sub-contractor within this sector exposes the business to significant credit risk. The company has a credit insurance policy which covers 85% (2024: 85%) of the company's debts. The Directors will continue to review prevailing market conditions and assess each contract on its own merit. Liquidity risk (Financial Strength) The company seeks to manage financial risk by ensuring sufficient liquidity is available to meet foreseeable needs and to invest cash assets safely and profitably. Over previous years the business has built up a strong balance sheet to mitigate liquidity risk and comfortably operates within its working capital requirements. The main functional currency of the business is Sterling and the company does not have material exposure to foreign-denominated currency. Competition and Winning Work The business operates in a competitive market sensitive to price and delivery. The businesses pricing strategy remains consistent with previous years with the board continuing to review strategy on a contract-by-contract basis to ensure margin is maintained and risk appetite satisfied. The board considers failure to identify the right price a significant challenge and will continue to monitor closely. The board is confident that being selective about engaging in the right contracts at the right price will allow it to continue to deliver projects to its own exacting standards and that of its clients while protecting the good reputation of the organisation. Outlook The business is optimistic and has a strong pipeline entering 2025/26. There is significant demand within the industry and we are confident our customer base, strong brand and broad experience across sectors and environments will allow it to capitalise on future opportunities. The Directors are aware of, and continue to monitor, the wider macroeconomic and geopolitical environment in which the Group operates, including ongoing regional conflicts such as those in the Middle East, which may give rise to supply chain pressures and market volatility. Potential impacts include delays or constraints in the availability of raw materials and fluctuations in fuel, energy and other input prices. The Directors seek to mitigate these risks through fostering strong commercial relationships and applying proactive procurement, project planning and inventory management practices. The board will continue to react to market conditions while maintaining high standards in order to deliver value to its customer base whilst delivering operational efficiencies to the business.

This report was approved by the board of directors on 29 May 2026 and signed on behalf of the board by:

G Taylor

Director

FB Taylor (Holdings) Limited

Directors' Report

Year ended 31 August 2025

The directors present their report and the Consolidated financial statements of the group for the year ended 31 August 2025 .

Directors

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

G Taylor
N Baldwin
JC Taylor
VM Taylor

Dividends

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

Disclosure of information in the strategic report

The company has chosen to set out in the strategic report information about the future developments of the company and the financial instruments.

Directors' responsibilities statement

The directors are responsible for preparing the strategic report, directors' report and the Consolidated financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare Consolidated financial statements for each financial year. Under that law the directors have elected to prepare the Consolidated 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 Consolidated financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and the company and the profit or loss of the group for that period. In preparing these Consolidated financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the Consolidated 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 Consolidated financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Auditor

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

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

This report was approved by the board of directors on 29 May 2026 and signed on behalf of the board by:

G Taylor

Director

FB Taylor (Holdings) Limited

Independent Auditor's Report to the Members of FB Taylor (Holdings) Limited

Year ended 31 August 2025

Opinion

We have audited the Consolidated financial statements of FB Taylor (Holdings) Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 August 2025 which comprise the consolidated statement of income and retained earnings, company statement of income and retained earnings, consolidated statement of financial position, company statement of financial position, consolidated statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the Consolidated financial statements: - give a true and fair view of the state of the group's and of the parent company's affairs as at 31 August 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; - 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 consolidated 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 Consolidated 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 Consolidated financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the Consolidated 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 or the parent company's ability to continue as a going concern for a period of at least twelve months from when the Consolidated 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 Consolidated financial statements and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the Consolidated 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 Consolidated financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the Consolidated financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the Consolidated financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or - the parent company Consolidated financial statements are not in agreement with the accounting records and returns; or - certain disclosures of directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the Consolidated 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 Consolidated financial statements that are free from material misstatement, whether due to fraud or error. In preparing the Consolidated 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.

Auditor's responsibilities for the audit of the consolidated financial statements

Our objectives are to obtain reasonable assurance about whether the Consolidated 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 Consolidated financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 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 company and sector in which it operates; - 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, 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; - assessed whether judgements and assumptions made in determining the accounting estimates set out in Note 3 were indicative of potential bias; and - 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, relevant regulators 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 for the audit of the Consolidated financial statements is located on the Financial Reporting Council’s website at 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.

Jonathan Day

(Senior Statutory Auditor)

For and on behalf of

Streets Audit LLP

Chartered Accountants & statutory auditor

Enterprise House

38 Tyndall Court

Commerce Road

Lynch Wood

Peterborough

Cambridgeshire

PE2 6LR

29 May 2026

FB Taylor (Holdings) Limited

Consolidated Statement of Income and Retained Earnings

Year ended 31 August 2025

		2025	2024
Note		£	£
Turnover	4	23,697,365	17,126,186

Cost of sales	15,947,553	12,571,757
	---------------	---------------
Gross profit	7,749,812	4,554,429

Administrative expenses		4,392,654	3,321,793
		-------------	-------------
Operating profit	5	3,357,158	1,232,636

Other interest receivable and similar income	9	105,739	124,938
Interest payable and similar expenses	10	24,992	21,888
		-------------	-------------
Profit before taxation		3,437,905	1,335,686

Tax on profit	11	944,594	348,289
		-------------	-------------
Profit for the financial year and total comprehensive income		2,493,311	987,397
		-------------	-------------

Dividends paid and payable	12	( 800,000)	( 500,000)

Retained earnings at the start of the year	7,736,538	7,249,141
	-------------	-------------
Retained earnings at the end of the year	9,429,849	7,736,538
	-------------	-------------

All the activities of the group are from continuing operations.

FB Taylor (Holdings) Limited

Company Statement of Income and Retained Earnings

Year ended 31 August 2025

		2025	2024
Note		£	£
Profit for the financial year and total comprehensive income		1,337,033	745,298
Dividends paid and payable	12	( 800,000)	( 500,000)

Retained earnings at the start of the year	5,102,908	4,857,610
	-------------	-------------
Retained earnings at the end of the year	5,639,941	5,102,908
	-------------	-------------

FB Taylor (Holdings) Limited

Consolidated Statement of Financial Position

31 August 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	13		2,971,189	2,913,754

Current assets

Debtors	15	6,352,597	4,040,150
Cash at bank and in hand		5,518,531	3,739,056
		---------------	-------------
		11,871,128	7,779,206

Creditors: amounts falling due within one year	16	4,924,647		2,357,028
		---------------		-------------
Net current assets			6,946,481	5,422,178
			-------------	-------------
Total assets less current liabilities			9,917,670	8,335,932

Creditors: amounts falling due after more than one year	17		42,809	153,863

Provisions

Taxation including deferred tax	19	434,862	435,381
		-------------	-------------
Net assets		9,439,999	7,746,688
		-------------	-------------

Capital and reserves

Called up share capital	22	10,150	10,150
Profit and loss account	23	9,429,849	7,736,538
		-------------	-------------
Shareholders funds		9,439,999	7,746,688
		-------------	-------------

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

These Consolidated financial statements were approved by the board of directors and authorised for issue on 29 May 2026 , and are signed on behalf of the board by:

G Taylor

Director

Company registration number: 06912783

FB Taylor (Holdings) Limited

Company Statement of Financial Position

31 August 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	13	2,187,001	2,146,781
Investments	14	10,150	10,150
		-------------	-------------
		2,197,151	2,156,931

Current assets

Debtors	15	1,136,018	629,345
Cash at bank and in hand		3,554,362	3,179,829
		-------------	-------------
		4,690,380	3,809,174

Creditors: amounts falling due within one year	16	965,085		590,966
		-------------		-------------
Net current assets			3,725,295	3,218,208
			-------------	-------------
Total assets less current liabilities			5,922,446	5,375,139

Provisions

Taxation including deferred tax	19	272,355	262,081
		-------------	-------------
Net assets		5,650,091	5,113,058
		-------------	-------------

Capital and reserves

Called up share capital	22	10,150	10,150
Profit and loss account	23	5,639,941	5,102,908
		-------------	-------------
Shareholders funds		5,650,091	5,113,058
		-------------	-------------

The profit for the financial year of the parent company was £ 1,337,033 (2024: £ 745,298 ).

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

These Consolidated financial statements were approved by the board of directors and authorised for issue on 29 May 2026 , and are signed on behalf of the board by:

G Taylor

Director

Company registration number: 06912783

FB Taylor (Holdings) Limited

Consolidated Statement of Cash Flows

Year ended 31 August 2025

	2025	2024
	£	£

Cash flows from operating activities

Profit for the financial year	2,493,311	987,397

Adjustments for:
Depreciation of tangible assets	468,497	276,827
Other interest receivable and similar income	( 105,739)	( 124,938)
Interest payable and similar expenses	24,992	21,888
Gains on disposal of tangible assets	( 22,563)	( 82,681)
Tax on profit	944,594	348,289
Accrued expenses/(income)	1,220,448	( 254,244)

Changes in:
Trade and other debtors	( 2,312,447)	252,789
Trade and other creditors	459,213	( 265,867)
	-------------	-------------
Cash generated from operations	3,170,306	1,159,460

Interest paid	( 24,992)	( 21,888)
Interest received	105,739	124,938
Tax paid	( 92,847)	( 207,676)
	-------------	-------------
Net cash from operating activities	3,158,206	1,054,834
	-------------	-------------

Cash flows from investing activities

Purchase of tangible assets	( 526,969)	( 1,270,420)
Proceeds from sale of tangible assets	23,600	107,215
	-------------	-------------
Net cash used in investing activities	( 503,369)	( 1,163,205)
	-------------	-------------

Cash flows from financing activities

Proceeds from borrowings	29,827	( 45,280)
Payments of finance lease liabilities	( 105,189)	248,858
Dividends paid	( 800,000)	( 500,000)
	-------------	-------------
Net cash used in financing activities	( 875,362)	( 296,422)
	-------------	-------------

Net increase/(decrease) in cash and cash equivalents	1,779,475	( 404,793)
Cash and cash equivalents at beginning of year	3,739,056	4,143,849
	-------------	-------------
Cash and cash equivalents at end of year	5,518,531	3,739,056
	-------------	-------------

FB Taylor (Holdings) Limited

Notes to the Consolidated Financial Statements

Year ended 31 August 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Camp Hill Close, Ripon, HG4 1QY. The principal activity of the group is the undertaking of contracts to lay cables.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of investment properties measured at fair value through income statement. The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

No disclosure exemptions are available under FRS102.

Consolidation

The financial statements consolidate the financial statements of the Group and its subsidiary undertaking. The parent company has applied the exemption contained in section 408 of the Companies Act 2006 and has not included its individual statement of comprehensive income.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Significant judgements The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows: 1) Recognition of turnover on on-going contracts at the year end Turnover is recognised when the outcome of a transaction involving the rendering of services can be reliably estimated. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: 1) Depreciation charge The annual depreciation charge for each class of tangible fixed asset us based on an estimate of the useful economic life of the respective assents. This is reviewed periodically by the directors to ensure threat they reflect both the external and internal factors. 2) Retentions The group recognise half of the retention on completion of a contract and the remainder when received. The directors consider this policy to be appropriate as it takes into account the uncertainty attached to receiving the balance of the final retention. A provision is recognised for older retentions until received. 3) Revaluation of assets Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Revenue recognition

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

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

Depreciation

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

Freehold Property	-	2% straight line
Plant & Machinery	-	20% reducing balance
Motor Vehicles	-	25% Reducing balance or straight line
Equipment	-	10% - 33% straight line

Freehold land is not depreciated.

Investments

Other fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Dividends and other distributions received from investments are recognised as income in profit or loss.

Finance leases and hire purchase contracts

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

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.

Defined contribution plans

The group makes contributions to individual and industry defined contribution or money purchase pension schemes. The pension charge represents the amounts payable by the group to the individual and the industry fund in respect of the year.

4. Turnover

Turnover arises from:

	2025	2024
	£	£
Construction contracts	23,651,218	17,074,323
Rent Income	46,147	51,863
	---------------	---------------
	23,697,365	17,126,186
	---------------	---------------

The whole of the turnover is attributable to the principal activity of the group. 100% of the turnover was generated within the United Kingdom (2024 100%).

5. Operating profit

Operating profit or loss is stated after charging/crediting:

	2025	2024
	£	£
Depreciation of tangible assets	468,497	276,827
Gains on disposal of tangible assets	( 22,563)	( 82,681)
Impairment of trade debtors	505,025	33,627
Operating lease costs	2,300,811	933,909
	-------------	----------

6. Auditor's remuneration

	2025	2024
	£	£
Fees payable for the audit of the consolidated financial statements	19,000	18,000
	---------	---------

Fees payable to the company's auditor and its associates for other services:

Other non-audit services	2,000	8,500
	---------	---------

7. Staff costs

The average number of persons employed by the group during the year, including the directors, amounted to:

	2025	2024
	No.	No.
Production staff	153	141
Management staff	17	18
	----	----
	170	159
	----	----

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

	2025	2024
	£	£
Wages and salaries	12,312,588	10,545,652
Social security costs	1,377,637	1,120,899
Other pension costs	398,539	302,777
	---------------	---------------
	14,088,764	11,969,328
	---------------	---------------

8. Directors' remuneration

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

	2025	2024
	£	£
Remuneration	451,733	633,000
Company contributions to defined contribution pension plans	46,341	86,000
	----------	----------
	498,074	719,000
	----------	----------

The number of directors who accrued benefits under company pension plans was as follows:

	2025	2024
	No.	No.
Defined contribution plans	4	4
	----	----

Remuneration of the highest paid director in respect of qualifying services:

	2025	2024
	£	£
Aggregate remuneration	218,000	223,000
Company contributions to defined contribution pension plans	40,000	40,000
	----------	----------
	258,000	263,000
	----------	----------

9. Other interest receivable and similar income

	2025	2024
	£	£
Interest on cash and cash equivalents	105,739	124,938
	----------	----------

10. Interest payable and similar expenses

	2025	2024
	£	£
Interest on obligations under finance leases and hire purchase contracts	14,275	9,065
Other interest payable and similar charges	10,717	12,823
	---------	---------
	24,992	21,888
	---------	---------

11. Tax on profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	945,113	94,659
Adjustments in respect of prior periods	–	( 244)
	----------	---------
Total current tax	945,113	94,415
	----------	---------

Deferred tax:

Origination and reversal of timing differences	( 519)	253,874
	----------	----------
Tax on profit	944,594	348,289
	----------	----------

Reconciliation of tax expense

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

	2025	2024
	£	£
Profit on ordinary activities before taxation	3,437,905	1,335,686
	-------------	-------------
Profit on ordinary activities by rate of tax	859,500	437,127
Adjustment to tax charge in respect of prior periods	–	(178)
Effect of expenses not deductible for tax purposes	85,094	( 88,064)
Effect of capital allowances and depreciation	–	( 531)
Utilisation of tax losses	–	( 65)
	-------------	-------------
Tax on profit	944,594	348,289
	-------------	-------------

12. Dividends

	2025	2024
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )	800,000	500,000
	----------	----------

13. Tangible assets

Group	Freehold property	Plant and machinery	Motor vehicles	Equipment	Investment property	Total
	£	£	£	£	£	£
Cost
At 1 Sep 2024	621,399	2,400,660	1,012,993	120,005	745,000	4,900,057
Additions	–	262,311	264,658	–	–	526,969
Disposals	–	( 35,591)	( 24,490)	–	–	( 60,081)
	----------	-------------	-------------	----------	----------	-------------
At 31 Aug 2025	621,399	2,627,380	1,253,161	120,005	745,000	5,366,945
	----------	-------------	-------------	----------	----------	-------------
Depreciation
At 1 Sep 2024	154,343	1,465,935	246,040	119,985	–	1,986,303
Charge for the year	11,316	209,739	247,442	–	–	468,497
Disposals	–	( 34,555)	( 24,489)	–	–	( 59,044)
	----------	-------------	-------------	----------	----------	-------------
At 31 Aug 2025	165,659	1,641,119	468,993	119,985	–	2,395,756
	----------	-------------	-------------	----------	----------	-------------
Carrying amount
At 31 Aug 2025	455,740	986,261	784,168	20	745,000	2,971,189
	----------	-------------	-------------	----------	----------	-------------
At 31 Aug 2024	467,056	934,725	766,953	20	745,000	2,913,754
	----------	-------------	-------------	----------	----------	-------------

Company	Freehold property	Plant and machinery	Investment property	Total
	£	£	£	£
Cost
At 1 September 2024	615,122	2,400,660	745,000	3,760,782
Additions	–	262,311	–	262,311
Disposals	–	( 35,591)	–	( 35,591)
	----------	-------------	----------	-------------
At 31 August 2025	615,122	2,627,380	745,000	3,987,502
	----------	-------------	----------	-------------
Depreciation
At 1 September 2024	148,066	1,465,935	–	1,614,001
Charge for the year	11,316	209,739	–	221,055
Disposals	–	( 34,555)	–	( 34,555)
	----------	-------------	----------	-------------
At 31 August 2025	159,382	1,641,119	–	1,800,501
	----------	-------------	----------	-------------
Carrying amount
At 31 August 2025	455,740	986,261	745,000	2,187,001
	----------	-------------	----------	-------------
At 31 August 2024	467,056	934,725	745,000	2,146,781
	----------	-------------	----------	-------------

Included within freehold property for the group and company is land of £152,130 (2024 - £152,130) which is not depreciated. The group and company owns long term investment properties. The investment property was revalued by an Independent valuer, Dacres Commercial, on an open market value for existing use basis on 10 January 2022, the Directors consider this to be the fair value of the property at the statement of financial position date.

Tangible assets held at valuation

In respect of tangible assets held at valuation, aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

Group and company	Investment property
	£
At 31 August 2025
Aggregate cost	649,554
Aggregate depreciation	–
	----------
Carrying value	649,554
	----------

At 31 August 2024
Aggregate cost	649,544
Aggregate depreciation	–
	----------
Carrying value	649,544
	----------

Finance leases and hire purchase contracts

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

Group	Motor vehicles
	£
At 31 August 2025	203,527
	----------
At 31 August 2024	289,255
	----------

The company has no tangible assets held under finance lease or hire purchase agreements.

Capital commitments

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Contracted for but not provided for in the Consolidated financial statements	909,260	–	–	–
	----------	----	----	----

14. Investments

The group has no investments.

Company	Shares in group undertakings
	£
Cost
At 1 September 2024 and 31 August 2025	10,150
	---------
Impairment
At 1 September 2024 and 31 August 2025	–
	---------

Carrying amount
At 1 September 2024 and 31 August 2025	10,150
	---------
At 31 August 2024	10,150
	---------

Subsidiaries, associates and other investments

Details of the investments in which the parent company has an interest of 20% or more are as follows:

	Class of share	Percentage of shares held
Subsidiary undertakings
F B Taylor (Cable Contractors) Limited	Ordinary	100

15. Debtors

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Trade debtors	2,816,663	1,172,808	–	–
Amounts owed by group undertakings	–	–	765,781	629,345
Prepayments and accrued income	611,393	120,355	370,237	–
Amounts recoverable on contracts	2,661,823	2,601,275	–	–
Other debtors	262,718	145,712	–	–
	-------------	-------------	-------------	----------
	6,352,597	4,040,150	1,136,018	629,345
	-------------	-------------	-------------	----------

16. Creditors: amounts falling due within one year

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Trade creditors	669,928	438,870	–	–
Accruals and deferred income	2,021,659	801,211	81,182	–
Corporation tax	946,925	94,659	117,581	17,331
Social security and other taxes	362,618	234,143	3,064	5,785
Obligations under finance leases and hire purchase contracts	100,860	94,995	–	–
Director loan accounts	331,753	301,926	331,753	301,926
Other creditors	490,904	391,224	431,505	265,924
	-------------	-------------	----------	----------
	4,924,647	2,357,028	965,085	590,966
	-------------	-------------	----------	----------

Obligations under finance leases and hire purchase contracts are secured against assets to which they relate.

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

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Obligations under finance leases and hire purchase contracts	42,809	153,863	–	–
	---------	----------	----	----

Obligations under finance leases and hire purchase contracts are secured against assets to which they relate.

18. Finance leases and hire purchase contracts

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

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Not later than 1 year	100,860	94,995	–	–
Later than 1 year and not later than 5 years	42,809	153,863	–	–
	----------	----------	----	----
	143,669	248,858	–	–
	----------	----------	----	----

19. Provisions

Group	Deferred tax (note 20)
	£
At 1 September 2024	435,381
Additions	( 519)
	----------
At 31 August 2025	434,862
	----------

Company	Deferred tax (note 20)
	£
At 1 September 2024	262,081
Additions	10,274
	----------
At 31 August 2025	272,355
	----------

20. Deferred tax

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

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Included in provisions (note 19)	434,862	435,381	272,355	262,081
	----------	----------	----------	----------

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

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Accelerated capital allowances	406,182	406,399	237,262	262,081
Revaluation of tangible assets	35,093	35,093	35,093	–
Pension plan obligations	( 6,413)	( 6,111)	–	–
	----------	----------	----------	----------
	434,862	435,381	272,355	262,081
	----------	----------	----------	----------

Deferred tax has been calculated at 25% (2024 - 25%).

21. Employee benefits

Defined contribution plans

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 301,139 (2024: £ 216,428 ).

22. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary A shares of £ 1 each	5,327	5,327	5,327	5,327
Ordinary B shares of £ 1 each	2,763	2,763	2,763	2,763
Ordinary C shares of £ 1 each	2,060	2,060	2,060	2,060
	---------	---------	---------	---------
	10,150	10,150	10,150	10,150
	---------	---------	---------	---------

The A, B and C ordinary shares rank pari passu.

23. Reserves

Revaluation reserve - this reserve records the value of asset revaluations and fair value movements on assets recognised in other comprehensive income. Profit and loss account - this reserve records retained earnings and accumulated losses and the value of asset revaluations and fair value movements on assets recognised in other comprehensive income.

24. Analysis of changes in net debt

	At 1 Sep 2024	Cash flows	At 31 Aug 2025
	£	£	£
Cash at bank and in hand	3,739,056	1,779,475	5,518,531
Debt due within one year	(396,921)	(35,692)	(432,613)
Debt due after one year	(153,863)	111,054	(42,809)
	-------------	-------------	-------------
	3,188,272	1,854,837	5,043,109
	-------------	-------------	-------------

FB Taylor (Holdings) Limited

Notes to the Consolidated Financial Statements (continued)

Year ended 31 August 2025

25. Operating leases

As lessee

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

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Not later than 1 year	4,878	10,542	–	–
Later than 1 year and not later than 5 years	5,691	10,569	–	–
	---------	---------	----	----
	10,569	21,111	–	–
	---------	---------	----	----

As lessor

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

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Not later than 1 year	43,608	46,190	101,108	97,690
Later than 1 year and not later than 5 years	47,602	74,803	148,227	232,928
	---------	----------	----------	----------
	91,210	120,993	249,335	330,618
	---------	----------	----------	----------

26. Directors' advances, credits and guarantees

The directors loan accounts remained in credit throughout the year. Interest is charged at 7% and the balance is repayable on demand.

27. Related party transactions

Company

The total remuneration of key management personnel for the year was £772,600 (2024 £719,000). During the year dividends totalling £800,000 (2024 £500,000) were declared to directors and FB Taylor (Holdings) Limited Will Trust by virtue of their shareholding in the company. At the year end £419,862 (2024 £262,400) was unpaid. The company has taken advantage from the exemption available under FRS102 from reporting transactions with wholly owned members of the same group.

28. Controlling party

In the opinion of the directors, the group was under the control of the trustees of the FB Taylor (Holdings) Limited Will Trust being G Taylor and H Rutter.