Company registration number 06379728 (England and Wales)
BRIDGESTONE CONSTRUCTION LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 26 MARCH 2025
BRIDGESTONE CONSTRUCTION LIMITED
COMPANY INFORMATION
Directors
Mr K T Hoyle
Mr D R Knight
Mr M A Lyons
Company number
06379728
Registered office
Hyde Park House
Cartwright Street
Hyde
Cheshire
SK14 4EH
Auditor
Pierce C A Limited
Mentor House
Ainsworth Street
Blackburn
Lancashire
BB1 6AY
Business address
Hyde Park House
Cartwright Street
Hyde
Cheshire
SK14 4EH
BRIDGESTONE CONSTRUCTION LIMITED
CONTENTS
Page
Strategic report
1
Directors' report
2 - 3
Independent auditor's report
4 - 6
Statement of comprehensive income
7
Balance sheet
8
Statement of changes in equity
9
Statement of cash flows
10
Notes to the financial statements
11 - 20
BRIDGESTONE CONSTRUCTION LIMITED
STRATEGIC REPORT
FOR THE PERIOD ENDED 26 MARCH 2025
- 1 -

The directors present the strategic report for the period ended 26 March 2025.

Review of the business

The directors are pleased to report that turnover has increased despite delay s to secured contracts due to planning delays. Turnover has significantly increased and overall profitability ha s been maintained on the works executed. The delayed schemes have now commenced and will reflect very positively in next year's reporting period. Management have continued to closely monitor and control overheads. Investment has been made in overheads this year in readiness for the increase in the secured order book. The directors consider the overall results for the year to be good.

Principal risks and uncertainties

The company does not actively use financial instruments as part of its financial risk management. It is exposed to the usual credit risk and cash flow risk associated with selling on credit and manages this through credit control procedures. The nature of its financial instruments means that they are not subject to price risk or liquidity risk. The company's policy is to finance working capital through retained earnings. The secured work for the next two years allows accurate cash flow management and known investment levels to achieve the desired profit margins.

Key performance indicators

The directors have identified that the company's sales and margins by customer and project type are key performance indicators and, as such, are reviewed and monitored by management monthly.

Other information and explanations

Whilst the current and future economic climate remains uncertain, the company's secured workload remains in established and proven sectors with 100% of secured work being with our existing client base.

On behalf of the board

.............................................
Mr M A Lyons
Director
Date: .............................................
BRIDGESTONE CONSTRUCTION LIMITED
DIRECTORS' REPORT
FOR THE PERIOD ENDED 26 MARCH 2025
- 2 -

The directors present their annual report and financial statements for the period ended 26 March 2025.

Principal activities

The principal activity of the company continued to be that of property construction and development.

Results and dividends

The results for the period are set out on page 7.

Ordinary dividends were paid amounting to £331,151. The directors do not recommend payment of a final dividend.

Directors

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

Mr K T Hoyle
Mr D R Knight
Mr M A Lyons
Auditor

The auditor, Pierce C A Limited, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

Statement of directors' responsibilities

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

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

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

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

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

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

Statement of disclosure to auditor

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

BRIDGESTONE CONSTRUCTION LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE PERIOD ENDED 26 MARCH 2025
- 3 -
On behalf of the board
Mr M A Lyons
Director
3 June 2026
BRIDGESTONE CONSTRUCTION LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF BRIDGESTONE CONSTRUCTION LIMITED
- 4 -
Opinion

We have audited the financial statements of Bridgestone Construction Limited (the 'company') for the period ended 26 March 2025 which comprise the statement of comprehensive income, the balance sheet, the statement of changes in equity, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 26 March 2025 and of its profit for the period then ended;

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

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

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

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

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

BRIDGESTONE CONSTRUCTION LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF BRIDGESTONE CONSTRUCTION LIMITED
- 5 -
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 identifie d material misstatements in the strategic report or the directors' r eport.

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

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

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

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

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

Responsibilities of directors

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

Auditor's responsibilities for the audit of the financial statements

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

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

In identifying and assessing risks of material misstatement in respect of irregularities we considered the following:

- The nature of the industry and the company’s control environment.

- Results of our enquiries of management.

- The company’s procedures and controls on compliance with laws and regulations and the risks of fraud.

- Discussions among the audit engagement team concerning potential indicators of fraud.

We are also required to perform specific procedures to respond to the risk of management override.

As a result of our audit procedures we did not identify a material risk of fraud or other non-compliance with laws and regulations.

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

BRIDGESTONE CONSTRUCTION LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF BRIDGESTONE CONSTRUCTION LIMITED
- 6 -

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.

Paul Moulding
Senior Statutory Auditor
For and on behalf of Pierce C A Limited
3 June 2026
Statutory Auditor
Mentor House
Ainsworth Street
Blackburn
Lancashire
BB1 6AY
BRIDGESTONE CONSTRUCTION LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 26 MARCH 2025
- 7 -
Period
Period
ended
ended
26 March
28 March
2025
2024
Notes
£
£
Turnover
3
49,094,216
32,647,172
Cost of sales
(45,171,205)
(29,956,742)
Gross profit
3,923,011
2,690,430
Administrative expenses
(2,085,133)
(1,372,893)
Other operating income
5,322
180
Operating profit
4
1,843,200
1,317,717
Interest receivable and similar income
7
4,064
10,212
Interest payable and similar expenses
8
(7,682)
(5,371)
Profit before taxation
1,839,582
1,322,558
Tax on profit
9
-
0
218,713
Profit for the financial period
1,839,582
1,541,271

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

BRIDGESTONE CONSTRUCTION LIMITED
BALANCE SHEET
AS AT
26 MARCH 2025
26 March 2025
- 8 -
26 March 2025
28 March 2024
Notes
£
£
£
£
Fixed assets
Tangible assets
11
255,951
187,408
Investments
12
2,610
2,610
258,561
190,018
Current assets
Debtors
14
8,579,834
6,160,132
Cash at bank and in hand
6,169,218
6,303,746
14,749,052
12,463,878
Creditors: amounts falling due within one year
15
(9,016,681)
(8,236,790)
Net current assets
5,732,371
4,227,088
Total assets less current liabilities
5,990,932
4,417,106
Creditors: amounts falling due after more than one year
16
(65,395)
-
0
Net assets
5,925,537
4,417,106
Capital and reserves
Called up share capital
20
8
8
Profit and loss reserves
5,925,529
4,417,098
Total equity
5,925,537
4,417,106

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

The financial statements were approved by the board of directors and authorised for issue on 3 June 2026 and are signed on its behalf by:
Mr M A Lyons
Director
Company registration number 06379728 (England and Wales)
BRIDGESTONE CONSTRUCTION LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 26 MARCH 2025
- 9 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 30 March 2023
8
3,131,865
3,131,873
Period ended 28 March 2024:
Profit and total comprehensive income
-
1,541,271
1,541,271
Dividends
10
-
(256,038)
(256,038)
Balance at 28 March 2024
8
4,417,098
4,417,106
Period ended 26 March 2025:
Profit and total comprehensive income
-
1,839,582
1,839,582
Dividends
10
-
(331,151)
(331,151)
Balance at 26 March 2025
8
5,925,529
5,925,537
BRIDGESTONE CONSTRUCTION LIMITED
STATEMENT OF CASH FLOWS
FOR THE PERIOD ENDED 26 MARCH 2025
- 10 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
23
247,249
3,777,560
Interest paid
(7,682)
(5,371)
Income taxes refunded
-
0
499,108
Net cash inflow from operating activities
239,567
4,271,297
Investing activities
Purchase of tangible fixed assets
(30,174)
(10,604)
Interest received
4,064
10,212
Net cash used in investing activities
(26,110)
(392)
Financing activities
Payment of finance leases obligations
(16,834)
(71,026)
Dividends paid
(331,151)
(256,038)
Net cash used in financing activities
(347,985)
(327,064)
Net (decrease)/increase in cash and cash equivalents
(134,528)
3,943,841
Cash and cash equivalents at beginning of period
6,303,746
2,359,905
Cash and cash equivalents at end of period
6,169,218
6,303,746
BRIDGESTONE CONSTRUCTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 26 MARCH 2025
- 11 -
1
Accounting policies
Company information

Bridgestone Construction Limited is a private company limited by shares incorporated in England and Wales. The registered office is Hyde Park House, Cartwright Street, Hyde, Cheshire, SK14 4EH.

1.1
Accounting convention

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

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

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

The company has taken advantage of the exemption under section 405 of the Companies Act 2006 not to prepare consolidated accounts on the basis that the inclusion of the subsidiary company in the accounts would not be material for the purpose of giving a true and fair view. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for construction services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts and retentions.

1.4
Tangible fixed assets

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

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

Fixtures and fittings
15% reducing balance
Computers
15% reducing balance
Motor vehicles
20% reducing balance

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

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

BRIDGESTONE CONSTRUCTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 26 MARCH 2025
1
Accounting policies
(Continued)
- 12 -
1.6
Impairment of fixed assets

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

1.7
Construction contracts

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the reporting end date. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.

When it is probable that total contract costs will exceed total contract turnover, the expected loss is recognised as an expense immediately.

Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable that they will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred.

The “percentage of completion method” is used to determine the appropriate amount to recognise in a given period. The stage of completion is measured by means of professional valuations agreed with the customer.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

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

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

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Other financial assets

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

BRIDGESTONE CONSTRUCTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 26 MARCH 2025
1
Accounting policies
(Continued)
- 13 -
Impairment of financial assets

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

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

Classification of financial liabilities

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

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

1.10
Equity instruments

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

1.11
Taxation

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

Current tax

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

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

1.12
Employee benefits

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

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

BRIDGESTONE CONSTRUCTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 26 MARCH 2025
1
Accounting policies
(Continued)
- 14 -
1.13
Retirement benefits

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

1.14
Leases

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

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

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease.

2
Judgements and key sources of estimation uncertainty

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

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

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

WIP estimates and revenue recognition

Work in progress and revenue recognition for ongoing contracts is considered to be a key accounting estimate for which detailed assessments are made by senior management for each and every contract at the financial year end.

3
Turnover and other revenue
2025
2024
£
£
Turnover analysed by class of business
Property construction and development
48,351,477
32,647,172
Recharges to Spanish subsidiary
742,739
-
49,094,216
32,647,172
2025
2024
£
£
Other significant revenue
Interest income
4,064
10,212
BRIDGESTONE CONSTRUCTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 26 MARCH 2025
3
Turnover and other revenue
(Continued)
- 15 -

The company's turnover was wholly generated within the United Kingdom.

4
Operating profit
2025
2024
Operating profit for the period is stated after charging:
£
£
Exchange losses
1,542
2,933
Fees payable to the company's auditor for the audit of the company's financial statements
21,000
19,500
Depreciation of tangible fixed assets
53,131
42,073
Operating lease charges
53,532
23,163
5
Employees

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

2025
2024
Number
Number
Management and administration
39
27

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
2,176,655
1,733,277
Social security costs
250,817
201,267
Pension costs
616,696
48,617
3,044,168
1,983,161
6
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
36,390
33,542
Company pension contributions to defined contribution schemes
558,754
754
595,144
34,296

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 3 (2024 - 2).

BRIDGESTONE CONSTRUCTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 26 MARCH 2025
- 16 -
7
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
4,064
388
Other interest income
-
0
9,824
Total income
4,064
10,212
8
Interest payable and similar expenses
2025
2024
£
£
Other finance costs
Interest on finance leases and hire purchase contracts
7,682
5,371
9
Taxation
2025
2024
£
£
Current tax
Adjustments in respect of prior periods
-
0
(163,994)
Deferred tax
Origination and reversal of timing differences
-
0
(54,719)
Total tax charge/(credit)
-
0
(218,713)

The actual charge/(credit) for the period can be reconciled to the expected charge for the period based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
1,839,582
1,322,558
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
459,896
330,640
Tax effect of expenses that are not deductible in determining taxable profit
10,039
7,348
Unutilised tax losses carried forward
15,038
-
0
Change in unrecognised deferred tax assets
1,644
1,359
Adjustments in respect of prior years
-
0
(163,994)
Research and development tax credit
(486,617)
(407,746)
Deferred tax adjustments in respect of prior years
-
0
13,680
Taxation charge/(credit) for the period
-
(218,713)
BRIDGESTONE CONSTRUCTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 26 MARCH 2025
- 17 -
10
Dividends
2025
2024
£
£
Interim paid
331,151
256,038
11
Tangible fixed assets
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 29 March 2024
2,348
77,041
279,658
359,047
Additions
2,000
28,174
91,500
121,674
At 26 March 2025
4,348
105,215
371,158
480,721
Depreciation and impairment
At 29 March 2024
636
29,048
141,955
171,639
Depreciation charged in the period
383
9,957
42,791
53,131
At 26 March 2025
1,019
39,005
184,746
224,770
Carrying amount
At 26 March 2025
3,329
66,210
186,412
255,951
At 28 March 2024
1,713
47,993
137,702
187,408

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

2025
2024
£
£
Motor vehicles
76,250
-
0
12
Fixed asset investments
2025
2024
Notes
£
£
Investments in subsidiaries
13
2,610
2,610
13
Subsidiaries

Details of the company's subsidiaries at 26 March 2025 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Kayta Investments SL
Urbanizacion Atalaya Golf 3, Estepona, Malaga. Spain
Ordinary
100.00
BRIDGESTONE CONSTRUCTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 26 MARCH 2025
- 18 -
14
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts recoverable on contracts
3,923,481
3,622,862
Amounts owed by group undertakings
4,261,350
2,129,834
Other debtors
364,092
384,713
Prepayments and accrued income
30,911
22,723
8,579,834
6,160,132
15
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Obligations under finance leases
17
24,558
-
0
Trade creditors
8,244,420
7,534,033
Taxation and social security
117,662
80,619
Other creditors
590,809
588,731
Accruals and deferred income
39,232
33,407
9,016,681
8,236,790

Included within other creditors are amounts totalling £588,677 (2024 - £588,677) owed by the company to the directors.

16
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Obligations under finance leases
17
65,395
-
0
17
Finance lease obligations
2025
2024
Amounts due:
£
£
Within one year
24,558
-
0
After more than one year
65,395
-
0
89,953
-
BRIDGESTONE CONSTRUCTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 26 MARCH 2025
17
Finance lease obligations
(Continued)
- 19 -
2025
2024
Future minimum lease payments due under finance leases:
£
£
Within one year
32,688
-
0
In two to five years
73,547
-
0
106,235
-
0
Less: future finance charges
(16,282)
-
0
89,953
-
0

Finance lease payments represent rentals payable by the company for a motor vehicle. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments. All leases are secured on the assets concerned.

18
Deferred taxation

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

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
45,208
46,852
Tax losses
(45,208)
(46,852)
-
-
There were no deferred tax movements in the period.
19
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
616,696
48,617

The company operates defined contribution pension scheme s for all qualifying employees. The assets of these schemes are held separately from those of the company in independently administered funds.

BRIDGESTONE CONSTRUCTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 26 MARCH 2025
- 20 -
20
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
'A' ordinary shares of 1p each
201
201
2
2
'B' ordinary share of 1p each
101
101
1
1
'C' ordinary share of 1p each
100
100
1
1
'D' ordinary share of 1p each
100
100
1
1
'E' ordinary share of 1p each
100
100
1
1
'F' ordinary shares of 1p each
198
198
2
2
800
800
8
8
21
Directors' transactions

During the period the company has been charged for subcontractor services and consultancy fees by companies under the control of one of its directors amounting to £686,629 (2024 - £352,610). At the financial year-end, the company owed £175,558 (2024 - £163,250) to these companies.

22
Ultimate controlling party

The company is ultimately controlled by the directors by virtue of their indirect shareholdings in the company.

23
Cash generated from operations
2025
2024
£
£
Profit after taxation
1,839,582
1,541,271
Adjustments for:
Taxation charged/(credited)
-
0
(218,713)
Finance costs
7,682
5,371
Investment income
(4,064)
(10,212)
Depreciation and impairment of tangible fixed assets
53,131
42,073
Movements in working capital:
Increase in debtors
(2,419,702)
(1,337,684)
Increase in creditors
770,620
3,755,454
Cash generated from operations
247,249
3,777,560
24
Analysis of changes in net funds
29 March 2024
Cash flows
New leases
26 March 2025
£
£
£
£
Cash at bank and in hand
6,303,746
(134,528)
-
6,169,218
Lease liabilities
-
16,834
(106,787)
(89,953)
6,303,746
(117,694)
(106,787)
6,079,265
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