IRIS Accounts Production v26.1.0.640 10734534 Board of Directors Board of Directors 1.5.24 30.4.25 30.4.25 Medium entities groundworks and construction. true false true true false false true false These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. Ordinary Shares 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 10734534 2024-04-30 10734534 2025-04-30 10734534 2024-05-01 2025-04-30 10734534 2023-04-30 10734534 2023-05-01 2024-04-30 10734534 2024-04-30 10734534 ns15:EnglandWales 2024-05-01 2025-04-30 10734534 ns14:PoundSterling 2024-05-01 2025-04-30 10734534 ns10:Director1 2024-05-01 2025-04-30 10734534 ns10:Director2 2024-05-01 2025-04-30 10734534 ns10:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 10734534 ns10:MediumEntities 2024-05-01 2025-04-30 10734534 ns10:Audited 2024-05-01 2025-04-30 10734534 ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2024-05-01 2025-04-30 10734534 ns10:Medium-sizedCompaniesRegimeForAccounts 2024-05-01 2025-04-30 10734534 ns10:FullAccounts 2024-05-01 2025-04-30 10734534 ns10:OrdinaryShareClass1 2024-05-01 2025-04-30 10734534 ns10:RegisteredOffice 2024-05-01 2025-04-30 10734534 ns5:CurrentFinancialInstruments 2025-04-30 10734534 ns5:CurrentFinancialInstruments 2024-04-30 10734534 ns5:Non-currentFinancialInstruments 2025-04-30 10734534 ns5:Non-currentFinancialInstruments 2024-04-30 10734534 ns5:ShareCapital 2025-04-30 10734534 ns5:ShareCapital 2024-04-30 10734534 ns5:RetainedEarningsAccumulatedLosses 2025-04-30 10734534 ns5:RetainedEarningsAccumulatedLosses 2024-04-30 10734534 ns5:ShareCapital 2023-04-30 10734534 ns5:RetainedEarningsAccumulatedLosses 2023-04-30 10734534 ns5:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 10734534 ns5:RetainedEarningsAccumulatedLosses 2024-05-01 2025-04-30 10734534 ns5:OwnedOrFreeholdAssets ns5:LandBuildings 2024-05-01 2025-04-30 10734534 ns5:PlantMachinery 2024-05-01 2025-04-30 10734534 ns5:FurnitureFittings 2024-05-01 2025-04-30 10734534 ns5:MotorVehicles 2024-05-01 2025-04-30 10734534 ns5:OwnedAssets 2024-05-01 2025-04-30 10734534 ns5:OwnedAssets 2023-05-01 2024-04-30 10734534 ns5:HirePurchaseContracts 2024-05-01 2025-04-30 10734534 ns5:HirePurchaseContracts 2023-05-01 2024-04-30 10734534 ns5:LandBuildings 2024-04-30 10734534 ns5:PlantMachinery 2024-04-30 10734534 ns5:FurnitureFittings 2024-04-30 10734534 ns5:MotorVehicles 2024-04-30 10734534 ns5:LandBuildings 2024-05-01 2025-04-30 10734534 ns5:LandBuildings 2025-04-30 10734534 ns5:PlantMachinery 2025-04-30 10734534 ns5:FurnitureFittings 2025-04-30 10734534 ns5:MotorVehicles 2025-04-30 10734534 ns5:LandBuildings 2024-04-30 10734534 ns5:PlantMachinery 2024-04-30 10734534 ns5:FurnitureFittings 2024-04-30 10734534 ns5:MotorVehicles 2024-04-30 10734534 ns5:LeasedAssetsHeldAsLessee 2024-05-01 2025-04-30 10734534 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-04-30 10734534 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-04-30 10734534 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2025-04-30 10734534 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-04-30 10734534 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2025-04-30 10734534 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2024-04-30 10734534 ns5:HirePurchaseContracts ns5:BetweenOneFiveYears 2025-04-30 10734534 ns5:HirePurchaseContracts ns5:BetweenOneFiveYears 2024-04-30 10734534 ns5:HirePurchaseContracts 2025-04-30 10734534 ns5:HirePurchaseContracts 2024-04-30 10734534 ns5:Secured 2025-04-30 10734534 ns5:Secured 2024-04-30 10734534 ns5:DeferredTaxation 2024-04-30 10734534 ns5:DeferredTaxation 2024-05-01 2025-04-30 10734534 ns5:DeferredTaxation 2025-04-30 10734534 ns10:OrdinaryShareClass1 2025-04-30 10734534 ns5:RetainedEarningsAccumulatedLosses 2024-04-30

REGISTERED NUMBER: 10734534 (England and Wales)

QUINN GROUNDWORKS AND

CONSTRUCTION LIMITED

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

QUINN GROUNDWORKS AND

CONSTRUCTION LIMITED (REGISTERED NUMBER: 10734534)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Page |

Company Information | 1 |

Strategic Report | 2 |

Report of the Directors | 4 |

Statement of Directors' Responsibilities | 5 |

Report of the Independent Auditors | 6 |

Statement of Comprehensive Income | 10 |

Balance Sheet | 11 |

Statement of Changes in Equity | 12 |

Cash Flow Statement | 13 |

Notes to the Cash Flow Statement | 14 |

Notes to the Financial Statements | 16 |

QUINN GROUNDWORKS AND

CONSTRUCTION LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 30 APRIL 2025

| DIRECTORS: | K Quinn

| G Quinn

| REGISTERED OFFICE: | Unit 13

| Apex Business Park

| Boscombe Road

| Dunstable

| Bedfordshire

| LU5 4SB

| REGISTERED NUMBER: | 10734534 (England and Wales)

| SENIOR STATUTORY AUDITOR: | Donald Brown FCA

| AUDITORS: | Higginson & Co (UK) Ltd

| Statutory Auditors

| 3 Kensworth Gate

| 200 - 204 High Street South

| Dunstable

| Bedfordshire

| LU6 3HS

QUINN GROUNDWORKS AND

CONSTRUCTION LIMITED (REGISTERED NUMBER: 10734534)

STRATEGIC REPORT

FOR THE YEAR ENDED 30 APRIL 2025

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

REVIEW OF BUSINESS

The companies principal activity in the year continued to be groundworks and construction projects.

The key financial and other performance indicators in the year were as follows:

| 2025 |  | 2024 |  |

Turnover |  |  | 36,023 |  | 31,618 |  |

Total Operating Profit |  |  | 1,552 |  | 3,626 |  |

Profit after tax |  |  | 1,141 |  | 2,255 |  |

Shareholders funds |  |  | 8,875 |  | 7,735 |  |

All results are denoted in thousands.

The directors are pleased with the results for the year. They believe that the business remains in a strong position.

The financial statements have been prepared on a going concern basis.

Economic impact of global events

UK businesses are currently facing many uncertainties such as the continuing consequences of Brexit, environmental sustainability and geopolitical events such as the Russian invasion of Ukraine and the current crisis in the Middle East and the Levant . These uncertainties have contributed to an environment where there exists a range of issues and risks, including inflation, rising interest rates, labour shortages, disrupted supply chains and new ways of working.

The Directors have considered these uncertainties and have concluded that the greater impact on the business is expected to be from the economic ripple effect on the global economy.

Quinn Groundworks and Construction Ltd continues to work with its partners to minimise any impacts of these events and maximise the realisation of any opportunities they may provide to the business.

QUINN GROUNDWORKS AND

CONSTRUCTION LIMITED (REGISTERED NUMBER: 10734534)

STRATEGIC REPORT

FOR THE YEAR ENDED 30 APRIL 2025

PRINCIPAL RISKS AND UNCERTAINTIES

Price/market risk

The directors are aware of the risk from changes in prices and aim to adjust prices of such products to maintain margin in the face of such changes. The directors actively monitor competitor activity to ensure that the company is well positioned in the market place. However while the housing market remains buoyant, the impact of Brexit causing a slow down is a potential risk.

Fair value interest rate risk

Trade debtors and creditors do not attract interest and are therefore not subject to fair value interest rate risk.

Credit risk

The company monitors the risk on credit allowed to customers, credit control procedures are reviewed and revised as necessary to ensure any credit risk is kept to a minimum.

Liquidity risk

The company considers its exposure to liquidity risk to be comparatively low and has a conservative approach to expenditure and investments but reviews this on an ongoing basis.

Covid 19/Future pandemic mitigation

The company has instigated practices in line with government recommendations to mitigate the impact of a pandemic and the potential restrictions applied to businesses and the general public. The company has ensured that they operate in a safe environment and has taken measure to monitor the compliance and outcomes. The industry was in general been able to continue to operate subject to some restrictions.

Geopolitical uncertainty

The current geopolitical uncertainty may affect confidence in the construction industry with a funding impact on major projects being a possible result. This may impact in the short to medium term but the company has initiatives in place to mitigate and issues that may arise.

DISCLOSURE OF INFORMATION TO THE AUDITOR

Each of the persons who are Directors at the time when this Directors' Report is approved has confirmed that

- so far as the Director is aware, there is no relevant audit information of which the Company's auditor is unaware, and

- the Director has taken all the steps that ought to have been taken as a Director in order to be aware of any relevant audit information and to establish that the Company's auditor is aware of that information.

ON BEHALF OF THE BOARD:

Director

2 June 2026

QUINN GROUNDWORKS AND

CONSTRUCTION LIMITED (REGISTERED NUMBER: 10734534)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 30 APRIL 2025

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

DIVIDENDS

No dividends will be distributed for the year ended 30 April 2025.

DIRECTORS

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

K Quinn

G Quinn

POLITICAL DONATIONS AND EXPENDITURE

The company made the following donations in the year, all donations were for charitable purposes:

Various smaller amounts other UK local charities amounting to £3528

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Higginson & Co (UK) Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

G Quinn - Director

2 June 2026

QUINN GROUNDWORKS AND

CONSTRUCTION LIMITED (REGISTERED NUMBER: 10734534)

STATEMENT OF DIRECTORS' RESPONSIBILITIES

FOR THE YEAR ENDED 30 APRIL 2025

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

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

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

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

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

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

QUINN GROUNDWORKS AND

CONSTRUCTION LIMITED

Opinion

We have audited the financial statements of Quinn Groundworks and Construction Limited (the 'company') for the year ended 30 April 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the company's affairs as at 30 April 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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

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

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

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

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report, the Report of the Directors and the Statement of Directors' Responsibilities, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

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

- | the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

QUINN GROUNDWORKS AND

CONSTRUCTION LIMITED

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

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

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

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

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

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

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page five, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the 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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

QUINN GROUNDWORKS AND

CONSTRUCTION LIMITED

Auditors' responsibilities for the audit of the financial statements

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

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

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

Audit response to risks identified

-the nature of the industry and sector, control environment and business performance including the design of the remuneration policy;

-results of our enquiries of management about their own identification and assessment of the risks of irregularities;

-any matters we identified having obtained and reviewed the Company documentation of their policies and procedures relating to:

- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of noncompliance;

- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;

- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;

- the matters discussed among the audit engagement team, including tax regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in relation to revenue deferrals. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK

Companies Act, UK Corporate Governance Code and local tax legislation.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the Company's ability to operate or to avoid a material penalty. These included compliance with Financial Conduct Authority regulation for the UK operating segment and compliance with local legislation.

Conclusions regarding the risks of irregularities including fraud

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.

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.

We considered our audit was capable of detecting irregularities due to:

a) the effectiveness of the entity's internal controls;

b) the nature, timing and extent of audit procedures performed; and

c) the absence of contradictory evidence.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

QUINN GROUNDWORKS AND

CONSTRUCTION LIMITED

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

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

Donald Brown FCA (Senior Statutory Auditor)

for and on behalf of Higginson & Co (UK) Ltd

Statutory Auditors

3 Kensworth Gate

200 - 204 High Street South

Dunstable

Bedfordshire

LU6 3HS

2 June 2026

QUINN GROUNDWORKS AND

CONSTRUCTION LIMITED (REGISTERED NUMBER: 10734534)

STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 30 APRIL 2025

| 30.4.25 |  | 30.4.24

| Notes | £ | £ |

TURNOVER | 36,023,302 |  | 31,617,738 |  |

Cost of sales | 30,309,872 |  | 24,626,793 |  |

GROSS PROFIT | 5,713,430 |  | 6,990,945 |  |

Administrative expenses | 4,018,074 |  | 3,213,105 |  |

OPERATING PROFIT | 4 | 1,695,356 |  | 3,777,840 |  |

Interest receivable and similar income | 68,858 |  | - |  |

1,764,214 |  | 3,777,840 |  |

Interest payable and similar expenses | 5 | 212,516 |  | 152,285 |  |

PROFIT BEFORE TAXATION | 1,551,698 |  | 3,625,555 |  |

Tax on profit | 6 | 411,027 |  | 1,370,543 |  |

PROFIT FOR THE FINANCIAL YEAR | 1,140,671 |  | 2,255,012 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 1,140,671 |  | 2,255,012 |  |

QUINN GROUNDWORKS AND

CONSTRUCTION LIMITED (REGISTERED NUMBER: 10734534)

BALANCE SHEET

30 APRIL 2025

| 30.4.25 | 30.4.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 7 | 6,048,917 |  | 5,428,441 |  |

CURRENT ASSETS

Stocks | 8 | 6,016,793 |  | 3,710,487 |  |

Debtors | 9 | 3,705,948 |  | 2,485,895 |  |

Cash at bank and in hand | 4,610,991 |  | 5,307,071 |  |

14,333,732 |  | 11,503,453 |  |

CREDITORS

Amounts falling due within one year | 10 | 8,390,631 |  | 6,126,054 |  |

NET CURRENT ASSETS | 5,943,101 |  | 5,377,399 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 11,992,018 |  | 10,805,840 |  |

CREDITORS

Amounts falling due after more than one year | 11 | (2,362,468 | ) | (2,302,677 | ) |

PROVISIONS FOR LIABILITIES | 15 | (754,133 | ) | (768,417 | ) |

NET ASSETS | 8,875,417 |  | 7,734,746 |  |

CAPITAL AND RESERVES

Called up share capital | 16 | 100 |  | 100 |  |

Retained earnings | 17 | 8,875,317 |  | 7,734,646 |  |

SHAREHOLDERS' FUNDS | 8,875,417 |  | 7,734,746 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 2 June 2026 and were signed on its behalf by:

K Quinn - Director

G Quinn - Director

QUINN GROUNDWORKS AND

CONSTRUCTION LIMITED (REGISTERED NUMBER: 10734534)

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 APRIL 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 May 2023 | 100 |  | 5,479,634 |  | 5,479,734 |  |

Changes in equity

Total comprehensive income | - |  | 2,255,012 |  | 2,255,012 |  |

Balance at 30 April 2024 | 100 |  | 7,734,646 |  | 7,734,746 |  |

Changes in equity

Total comprehensive income | - |  | 1,140,671 |  | 1,140,671 |  |

Balance at 30 April 2025 | 100 |  | 8,875,317 |  | 8,875,417 |  |

QUINN GROUNDWORKS AND

CONSTRUCTION LIMITED (REGISTERED NUMBER: 10734534)

CASH FLOW STATEMENT

FOR THE YEAR ENDED 30 APRIL 2025

| 30.4.25 |  | 30.4.24

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 1,201,396 |  | 2,854,201 |  |

Interest paid | (25,167 | ) | (4,452 | ) |

Interest element of hire purchase payments paid | (187,349 | ) | (147,833 | ) |

Net cash from operating activities | 988,880 |  | 2,701,916 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (12,133 | ) | (1,698,141 | ) |

Sale of tangible fixed assets | 7,141 |  | 15,107 |  |

Interest received | 68,858 |  | - |  |

Net cash from investing activities | 63,866 |  | (1,683,034 | ) |

Cash flows from financing activities

Loan repayments in year | (21,006 | ) | (4,980 | ) |

Hire Purchase Capital repayments in year | (1,801,277 | ) | 9,487 |  |

Amount withdrawn by directors | (151,101 | ) | - |  |

Net cash from financing activities | (1,973,384 | ) | 4,507 |  |

(Decrease)/increase in cash and cash equivalents | (920,638 | ) | 1,023,389 |  |

Cash and cash equivalents at beginning of year | 2 | 5,166,404 |  | 4,143,015 |  |

Cash and cash equivalents at end of year | 2 | 4,245,766 |  | 5,166,404 |  |

QUINN GROUNDWORKS AND

CONSTRUCTION LIMITED (REGISTERED NUMBER: 10734534)

NOTES TO THE CASH FLOW STATEMENT

FOR THE YEAR ENDED 30 APRIL 2025

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

| 30.4.25 |  | 30.4.24

£ | £ |

| Profit before taxation | 1,551,698 |  | 3,625,555 |  |

| Depreciation charges | 1,456,489 |  | 1,336,155 |  |

| (Profit)/loss on disposal of fixed assets | (3,976 | ) | 17,932 |  |

| Finance costs | 212,516 |  | 152,285 |  |

| Finance income | (68,858 | ) | - |  |

3,147,869 |  | 5,131,927 |  |

| Increase in stocks | (2,306,306 | ) | (146,224 | ) |

| Increase in trade and other debtors | (1,068,952 | ) | (1,627,147 | ) |

| Increase/(decrease) in trade and other creditors | 1,428,785 |  | (504,355 | ) |

| Cash generated from operations | 1,201,396 |  | 2,854,201 |  |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

| Year ended 30 April 2025

| 30.4.25 |  | 1.5.24

£ | £ |

| Cash and cash equivalents | 4,610,991 |  | 5,307,071 |  |

| Bank overdrafts | (365,225 | ) | (140,667 | ) |

4,245,766 |  | 5,166,404 |  |

| Year ended 30 April 2024

| 30.4.24 |  | 1.5.23

£ | £ |

| Cash and cash equivalents | 5,307,071 |  | 4,143,015 |  |

| Bank overdrafts | (140,667 | ) | - |  |

5,166,404 |  | 4,143,015 |  |

QUINN GROUNDWORKS AND

CONSTRUCTION LIMITED (REGISTERED NUMBER: 10734534)

NOTES TO THE CASH FLOW STATEMENT

FOR THE YEAR ENDED 30 APRIL 2025

3. | ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)

| Other |

| non-cash |

| At 1.5.24 | Cash flow | changes | At 30.4.25

£ | £ | £ | £ |

| Net cash |

| Cash at bank

| and in hand | 5,307,071 |  | (696,080 | ) | 4,610,991 |  |

| Bank overdrafts | (140,667 | ) | (224,558 | ) | (365,225 | ) |

5,166,404 |  | (920,638 | ) | 4,245,766 |  |

| Debt

| Finance leases | (3,233,539 | ) | 1,801,277 |  | (2,067,997 | ) | (3,500,259 | ) |

| Debts falling due

| after 1 year | (328,517 | ) | 21,006 |  | - |  | (307,511 | ) |

(3,562,056 | ) | 1,822,283 |  | (2,067,997 | ) | (3,807,770 | ) |

| Total | 1,604,348 |  | 901,645 |  | (2,067,997 | ) | 437,996 |  |

QUINN GROUNDWORKS AND

CONSTRUCTION LIMITED (REGISTERED NUMBER: 10734534)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

1. | STATUTORY INFORMATION

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

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

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

| Financial Reporting Standard 102 - reduced disclosure exemptions

| The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

| • | the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c).

| Significant judgements and estimates

| The preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made include the useful economic life of fixed assets and intangibles and the warranty provision.

| Going concern

| After reviewing the company's forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern in preparing its financial statements.

| Turnover

| Turnover represents net invoiced sales of goods and services, excluding value added tax together with income where it has obtained a right to consideration in exchange for its performance.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold property | - | Straight line over 25 years

| Plant and machinery | - | 25% on reducing balance

| Fixtures and fittings | - | 25% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Stocks and work in progress

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

| Work in progress is recognised to the extent that no right to consideration exists for work at the balance sheet date. It is valued at the lower of cost and net realisable value. Cost comprises non-partner professional time costs, excluding any mark-up plus disbursements. Any non-recoverable work in progress is excluded.

QUINN GROUNDWORKS AND

CONSTRUCTION LIMITED (REGISTERED NUMBER: 10734534)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Pension costs and other post-retirement benefits

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

3. | EMPLOYEES AND DIRECTORS

| 30.4.25 |  | 30.4.24

£ | £ |

| Wages and salaries | 1,091,439 |  | 623,656 |  |

| Social security costs | 154,807 |  | 141,601 |  |

| Other pension costs | 12,722 |  | 7,787 |  |

1,258,968 |  | 773,044 |  |

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

| 30.4.25 |  | 30.4.24

| Directors | 2 |  | 2 |  |

| Administrative | 9 |  | 6 |  |

| Other staff | 11 |  | 8 |  |

22 |  | 16 |  |

| 30.4.25 |  | 30.4.24

£ | £ |

| Directors' remuneration | 129,097 |  | 133,213 |  |

QUINN GROUNDWORKS AND

CONSTRUCTION LIMITED (REGISTERED NUMBER: 10734534)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

4. | OPERATING PROFIT

| The operating profit is stated after charging/(crediting):

| 30.4.25 |  | 30.4.24

£ | £ |

| Depreciation - owned assets | 1,456,489 |  | 1,336,155 |  |

| (Profit)/loss on disposal of fixed assets | (3,976 | ) | 17,932 |  |

| Auditors' remuneration | 54,000 |  | 55,000 |  |

5. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 30.4.25 |  | 30.4.24

£ | £ |

| Bank interest | - |  | 4,452 |  |

| Bank loan interest | 25,167 |  | - |  |

| Hire purchase | 187,349 |  | 147,833 |  |

212,516 |  | 152,285 |  |

6. | TAXATION

| Analysis of the tax charge

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

| 30.4.25 |  | 30.4.24

£ | £ |

| Current tax:

| UK corporation tax | 425,311 |  | 602,126 |  |

| Deferred tax | (14,284 | ) | 768,417 |  |

| Tax on profit | 411,027 |  | 1,370,543 |  |

QUINN GROUNDWORKS AND

CONSTRUCTION LIMITED (REGISTERED NUMBER: 10734534)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

6. | TAXATION - continued

| Reconciliation of total tax charge included in profit and loss

| The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

| 30.4.25 |  | 30.4.24

£ | £ |

| Profit before tax | 1,551,698 |  | 3,625,555 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 387,925 |  | 906,389 |  |

| Effects of:

| Expenses not deductible for tax purposes | 21,042 |  | 5,241 |  |

| Capital allowances in excess of depreciation | - |  | (84,602 | ) |

| Depreciation in excess of capital allowances | 16,344 |  | - |  |

| Utilisation of tax losses | - |  | (224,902 | ) |

| Deferred tax movement in the year | (14,284 | ) | 768,417 |  |

| Total tax charge | 411,027 |  | 1,370,543 |  |

7. | TANGIBLE FIXED ASSETS

| Fixtures |

| Freehold |  | Plant and |  | and |  | Motor |

| property |  | machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 May 2024 | 637,725 |  | 6,712,903 |  | 139,870 |  | 1,356,508 |  | 8,847,006 |  |

| Additions | - |  | 1,574,171 |  | 59,210 |  | 446,749 |  | 2,080,130 |  |

| Disposals | - |  | - |  | - |  | (12,635 | ) | (12,635 | ) |

| At 30 April 2025 | 637,725 |  | 8,287,074 |  | 199,080 |  | 1,790,622 |  | 10,914,501 |  |

| DEPRECIATION

| At 1 May 2024 | 7,970 |  | 2,885,882 |  | 55,395 |  | 469,318 |  | 3,418,565 |  |

| Charge for year | 7,970 |  | 1,137,836 |  | 35,921 |  | 274,762 |  | 1,456,489 |  |

| Eliminated on disposal | - |  | - |  | - |  | (9,470 | ) | (9,470 | ) |

| At 30 April 2025 | 15,940 |  | 4,023,718 |  | 91,316 |  | 734,610 |  | 4,865,584 |  |

| NET BOOK VALUE

| At 30 April 2025 | 621,785 |  | 4,263,356 |  | 107,764 |  | 1,056,012 |  | 6,048,917 |  |

| At 30 April 2024 | 629,755 |  | 3,827,021 |  | 84,475 |  | 887,190 |  | 5,428,441 |  |

| Legal Charge dated 19/08/2019 in favour of Barclays Bank UK PLC. in respect of the property.

| The Freehold was valued as at 31 March 2024 by Kirkby and Diamond. The directors have also taken accounts of the current marketing of properties for sale in the Business park. All of these confirm in the opinion of the directors that the value as disclosed in the accounts reflects the current market value of the premises.

QUINN GROUNDWORKS AND

CONSTRUCTION LIMITED (REGISTERED NUMBER: 10734534)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

7. | TANGIBLE FIXED ASSETS - continued

| The net book value of plant and machinery includes £4,784,800 (2024 £4,043,276) held in respect of assets held under hire purchase. The amount of depreciation in respect of such assets amounted to £1,240,726 for the year (2024 £1,063,522).

8. | STOCKS

| 30.4.25 |  | 30.4.24

£ | £ |

| Work-in-progress | 6,016,793 |  | 3,710,487 |  |

9. | DEBTORS

| 30.4.25 |  | 30.4.24

£ | £ |

| Amounts falling due within one year:

| Other debtors - retentions | 1,905,000 |  | 1,478,281 |  |

| Other debtors | 59,086 |  | - |  |

| Directors' current accounts | 151,101 |  | - |  |

| VAT | 906,961 |  | 358,747 |  |

| Prepayments and accrued income | 157,758 |  | 122,825 |  |

3,179,906 |  | 1,959,853 |  |

| Amounts falling due after more than one year:

| Amounts owed by associates | 526,042 |  | 526,042 |  |

| Aggregate amounts | 3,705,948 |  | 2,485,895 |  |

| Included in the amounts due after more than one year is a loan made to K N Q Properties Ltd. A company under the control of Mr K Quinn. The loan has been approved by the board.

10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.4.25 |  | 30.4.24

£ | £ |

| Bank loans and overdrafts (see note 12) | 365,225 |  | 140,667 |  |

| Hire purchase contracts (see note 13) | 1,445,302 |  | 1,259,379 |  |

| Trade creditors | 4,129,845 |  | 3,096,873 |  |

| Provision for remedial works

| against WIP | 695,220 |  | 550,000 |  |

| Corporation tax | 1,027,437 |  | 602,126 |  |

| Social security and other taxes | 214,380 |  | 162,609 |  |

| Accruals and deferred income | 513,222 |  | 314,400 |  |

8,390,631 |  | 6,126,054 |  |

QUINN GROUNDWORKS AND

CONSTRUCTION LIMITED (REGISTERED NUMBER: 10734534)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

11. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30.4.25 |  | 30.4.24

£ | £ |

| Bank loans (see note 12) | 307,511 |  | 328,517 |  |

| Hire purchase contracts (see note 13) | 2,054,957 |  | 1,974,160 |  |

2,362,468 |  | 2,302,677 |  |

12. | LOANS

| An analysis of the maturity of loans is given below:

| 30.4.25 |  | 30.4.24

£ | £ |

| Amounts falling due within one year or on demand:

| Bank overdrafts | 365,225 |  | 140,667 |  |

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | 307,511 |  | 328,517 |  |

13. | LEASING AGREEMENTS

| Minimum lease payments under hire purchase fall due as follows:

| 30.4.25 |  | 30.4.24 |

£ | £ |

| Net obligations repayable:

| Within one year | 1,445,302 |  | 1,259,379 |  |

| Between one and five years | 2,054,957 |  | 1,974,160 |  |

3,500,259 |  | 3,233,539 |  |

14. | SECURED DEBTS

| The following secured debts are included within creditors:

| 30.4.25 |  | 30.4.24

£ | £ |

| Bank loans | 307,511 |  | 328,517 |  |

| Debenture dated 19/08/2019 in favour of Barclays Bank UK PLC. This contains a fixed and floating charge covering all the property or undertaking of the company. Charge code 107345340001.

| Charge dated 17/10/2019 in favour of Barclays Security Trustee Limited. The charge is a fixed charge over the freehold property at Unit 13 Apex Business Centre LU5 4SB. Charge code 107345340002.

QUINN GROUNDWORKS AND

CONSTRUCTION LIMITED (REGISTERED NUMBER: 10734534)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

15. | PROVISIONS FOR LIABILITIES

| 30.4.25 |  | 30.4.24

£ | £ |

| Deferred tax | 754,133 |  | 768,417 |  |

| Deferred |

| tax |

£ |

| Balance at 1 May 2024 | 768,417 |  |

| Credit to Statement of Comprehensive Income during year | (14,284 | ) |

| Balance at 30 April 2025 | 754,133 |  |

16. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.4.25 |  | 30.4.24

| value: | £ | £ |

| 100 | Ordinary Shares | 1 | 100 |  | 100 |  |

17. | RESERVES

| Retained

| earnings

£ |

| At 1 May 2024 | 7,734,646 |  |

| Profit for the year | 1,140,671 |  |

| At 30 April 2025 | 8,875,317 |  |

18. | RELATED PARTY DISCLOSURES

| The company was under the control of the directors. Mr G Quinn and Mr K Quinn.

| No dividends we paid to the directors in the year (2024 £Nil).

| The company also traded on an arms length basis with Manor Specialist Resources Limited a company registered in England & Wales, company registration number 13289259. This company is owned and controlled by Ms C Forest who is Mr K Quinn's partner. In addition to the amount stated below Ms Forest was paid a salary by Quinn Groundworks and Construction Ltd of £40000 in 2025,

| For the year ended 30 April 2025 amounts invoiced by Manor Specialist Resources Limited were £11,078,356 (2024 £8,872,845).

| Included in other debtors is an amount in respect of work carried out on behalf of K N Q Properties Ltd a company registered in England & Wales, company registration number 13153543. This company is controlled by Mr Kyle Quinn.

| All transactions had the approval of the board.