John Weaver (Contractors) Limited 31/12/2025 iXBRL

Company registration number: 00919641

John Weaver (Contractors) Limited

Financial statements

31 December 2025

John Weaver (Contractors) Limited

Contents

Directors and other information

Strategic report

Directors report

Independent auditor's report to the members

Statement of income and retained earnings

Statement of financial position

Statement of cash flows

Notes to the financial statements

John Weaver (Contractors) Limited

Directors and other information


	Directors	Mr R G Griffiths (Resigned 16.01.26)
		Mr T Edwards (Resigned 16.01.26)
		Mr N K Davies
		Mr C O Best


	Secretary	Miss A M Harris


	Company number	00919641


	Registered office	126 Neath Road
		Hafod
		Swansea
		SA1 2JW


	Auditor	Morgan Hemp
		103-104 Walter Road
		Swansea
		SA1 5QF


	Accountants	Morgan Hemp
		103-104 Walter road
		Swansea
		SA1 5QF

John Weaver (Contractors) Limited

Strategic report

Year ended 31 December 2025

The Directors present their strategic report for the year ended 31st December 2025.

Principal activity

The principal activity of the company is building contractors.

Fair review of the business

The results for the year and financial position of the company are as shown in the annexed financial statements.

The directors are satisfied with the results of the company this year showing a respectable profit in 2025 despite a challenging year for the industry overall. Inflationary pressures on key materials continue to be a challenge with which the company has successfully implemented procedues to mitigate this risk.

The company continues to invest in the conservation side of the business and this continues to generate winning tenders, which is enabling the company to specialise in this area and be the clients conservation contractor of choice. This includes a new social housing client for social housing refurbishment works with listed buildings.

Principal risks and uncertainties

The principal risks and uncertainties are:

Economic Environment and Market Demand

The construction sector is sensitive to economic conditions, including interest rates, inflation, and government policy. A downturn in economic confidence could reduce investment in construction projects.

Cost Inflation and Margin Pressure

Fluctuations in the cost of materials, labour, and energy can significantly impact profitability.

Supply Chain Distruption

The comany relies on timely delivery of materials and subcontractor availability. Disruptions can lead to project delays and increased costs.

Labour Shortages and Skills Availability

The construction industry continues to face shortages of skilled labour, particularly in specialist trades.

Cash Flow and Liquidity Risk

Construction businesses can be exposed to timing differences between project expenditure and client payments.

Financial key performance indicators

The key performance indicators are set out below:

2025 2024 Variance

Turnover £25m £22m £3m

Gross profit £3.0m £4.1m -£1.1m

Gross profit % 11.9% 18.5% -6.6%

Profit before taxation £1.9m £2.7m -£0.8m

Profit before taxation % 7.4% 12.3% -4.9%

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

Mr N K Davies

Director

Mr C O Best

Director

John Weaver (Contractors) Limited

Directors report

Year ended 31 December 2025

The directors present their report and the financial statements of the company for the year ended 31 December 2025.

Directors

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

Mr R G Griffiths (Resigned 16.01.26)

Mr T Edwards (Resigned 16.01.26)

Mr N K Davies

Mr C O Best

Dividends

During the year dividends of £99,921 were paid to the company shareholder.

Future developments

The company plans to maintain its relationships with its customers and suppliers and continue its expansion into the conservation sector, with a focus on larger projects. The company also plans to diversify into the private developer sector, but need to ensure stringent credit checks are carried out.

Financial instruments

The company operates a number of risk management policies designed to minimise its exposure to financial risk.

Price Risk:

The company activity manages price risk through regular monitoring of contracts and through controlled tendering for certain contracts.

Credit risk:

The company operates a number of policies and controls to minimise credit risk. All customers are subject to a credit review prior to terms being agreed. Regular payment certificates are issued on large contracts during construction to mitigate credit risk.

Liquidity and cash flow risk:

The company produces detailed monthly reports which enables the directors to monitor the cash position and to ensure there is sufficient liquidity to minimise the risk of the company being unable to pay its debts as they fall due.

Disclosure of information in the strategic report.

The company has chosen in accordance with section 414C(11) of the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 to set out in the company's strategic report information required by schedule 7 of the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008

Directors responsibilities statement

The directors are responsible for preparing the strategic report, directors 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 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 judgments 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.

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 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 company's auditor is aware of that information.

A resolution to reappoint Morgan Hemp as auditor will be proposed at the forthcoming Annual General Meeting.

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

Mr N K Davies Mr C O Best

Director Director

John Weaver (Contractors) Limited

Independent auditor's report to the members of

John Weaver (Contractors) Limited

Year ended 31 December 2025

Opinion

We have audited the financial statements of John Weaver (Contractors) Limited (the 'company') for the year ended 31 December 2025 which comprise the statement of income and retained earnings, statement of financial position, statement of cash flows and 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 FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: - give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

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

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. 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 there is a material misstatement in the 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 financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report has 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 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 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 the 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 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. 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: Based on our understanding of the company and industry, we identified that the principal risks of non-compliance with laws and regulations related to breaches of UK Health and Safety legislation, and we considered the extentto which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the financial statements such as the Companies Act 2006. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries to manipulate financial performance and misappropriation of assets. Audit procedures performed included:Discussions with management, including consideration of known or suspected instances of noncompliance with laws and regulation and fraud;Reviewing the company's accident book;Reviewing relevant meeting minutes of the board of directors;Identifying and reviewing journal entries to ensure that we understood the reasoning behind them and agreed that they were appropriate;Selecting a sample of transactions and tracing to documentation to establish that they are bonafide business transactions; andDesigning audit procedures to incorporate unpredictability around the nature, timing or extent of our testing.There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. we also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

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 auditors 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.

Mr Richard Reeves FCCA (Senior Statutory Auditor)

For and on behalf of

Morgan Hemp

Chartered Certified Accountants & Statutory Auditor

103-104 Walter Road

Swansea

SA1 5QF

01 June 2026

John Weaver (Contractors) Limited

Statement of income and retained earnings

Year ended 31 December 2025

		2025	2024
	Note	£	£


Turnover	4	25,176,189	21,977,112
Cost of sales		( 22,172,805)	( 17,920,102)
		_______	_______
Gross profit		3,003,384	4,057,010

Administrative expenses		( 1,468,901)	( 1,648,894)
		_______	_______
Operating profit	5	1,534,483	2,408,116

Other interest receivable and similar income	8	330,824	307,656
Interest payable and similar expenses	9	( 721)	( 10,623)
		_______	_______
Profit before taxation		1,864,586	2,705,149

Tax on profit	10	( 467,061)	( 677,119)
		_______	_______
Profit for the financial year and total comprehensive income		1,397,525	2,028,030
		_______	_______

Dividends declared and paid or payable during the year		( 99,921)	( 587,201)

Retained earnings at the start of the year		5,282,520	3,841,691
		_______	_______
Retained earnings at the end of the year		6,580,124	5,282,520
		_______	_______

John Weaver (Contractors) Limited

Statement of financial position

31 December 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	11	101,355		110,946
		_______		_______
			101,355		110,946

Current assets
Debtors	12	2,128,523		3,072,005
Cash at bank and in hand		8,765,919		7,450,934
		_______		_______
		10,894,442		10,522,939
Creditors: amounts falling due
within one year	13	( 4,383,318)		( 5,316,803)
		_______		_______
Net current assets			6,511,124		5,206,136
			_______		_______
Total assets less current liabilities			6,612,479		5,317,082


Provisions for liabilities	14		( 22,355)		( 24,562)

			_______		_______
Net assets			6,590,124		5,292,520
			_______		_______

Capital and reserves
Called up share capital			10,000		10,000
Profit and loss account	16		6,580,124		5,282,520
			_______		_______
Shareholders funds			6,590,124		5,292,520
			_______		_______

These 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:

Mr N K Davies Mr C O Best

Director Director

Company registration number: 00919641

John Weaver (Contractors) Limited

Statement of cash flows

Year ended 31 December 2025

	2025	2024
	£	£

Cash flows from operating activities
Profit for the financial year	1,397,525	2,028,030

Adjustments for:
Depreciation of tangible assets	40,129	43,882
Other interest receivable and similar income	( 330,824)	( 307,656)
Interest payable and similar expenses	721	10,623
Gain/(loss) on disposal of tangible assets	( 587)	( 3,823)
Tax on profit	467,061	677,119
Accrued expenses/(income)	( 612,957)	487,683

Changes in:
Trade and other debtors	960,481	( 894,768)
Trade and other creditors	( 46,833)	179,522
	_______	_______
Cash generated from operations	1,874,716	2,220,612

Interest paid	( 721)	( 10,623)
Interest received	313,825	345,247
Tax paid	( 742,963)	( 745,022)
	_______	_______
Net cash from operating activities	1,444,857	1,810,214
	_______	_______

Cash flows from investing activities
Purchase of tangible assets	( 31,168)	( 77,247)
Proceeds from sale of tangible assets	1,217	4,000
	_______	_______
Net cash used in investing activities	( 29,951)	( 73,247)
	_______	_______

Cash flows from financing activities
Proceeds from loans from group undertakings	-	( 26,799)
Equity dividends paid	( 99,921)	( 587,201)
	_______	_______
Net cash used in financing activities	( 99,921)	( 614,000)
	_______	_______

Net increase/(decrease) in cash and cash equivalents	1,314,985	1,122,967
Cash and cash equivalents at beginning of year	7,450,934	6,327,967
	_______	_______
Cash and cash equivalents at end of year	8,765,919	7,450,934
	_______	_______

John Weaver (Contractors) Limited

Notes to the financial statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is Morfa House, 126 Neath Road, Hafod, Swansea, SA1 2JW.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and 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 certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

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 judgementsThe judgments (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:Useful economic lives of tangible assetsThe annual depreciation charge of tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed periodically.Accrued income/unbilled work doneThe value of unbilled work done at the year end is subject to estimation uncertainty due to the nature of construction work. The values are reviewed by key management with experience in valuing these types of works.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership 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.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. 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 capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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 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 are 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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

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:


Plant and machinery	-	20 %	straight line
Motor vehicles	-	20 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

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. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Turnover

Turnover arises from:

	2025	2024
	£	£
Construction contracts	25,176,189	21,977,112
	_______	_______

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

5. Operating profit

Operating profit is stated after charging/(crediting):

	2025	2024
	£	£
Depreciation of tangible assets	40,129	43,882
(Gain)/loss on disposal of tangible assets	( 587)	( 3,823)
Operating lease rentals	29,999	26,918
Fees payable for the audit of the financial statements	14,000	13,000
	_______	_______

6. Staff costs

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

	2025	2024
Production staff	38	48
Administrative staff	37	42
	_______	_______
	75	90
	_______	_______

The aggregate payroll costs incurred during the year were:

	2025	2024
	£	£
Wages and salaries	4,021,730	4,065,342
Other pension costs	137,317	157,150
	_______	_______
	4,159,047	4,222,492
	_______	_______

7. Directors remuneration

The directors aggregate remuneration in respect of qualifying services was:

	2025	2024
	£	£
Remuneration	186,242	407,346
Company contributions to pension schemes in respect of qualifying services	137,317	157,150
	_______	_______
	323,559	564,496
	_______	_______

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

	2025	2024
	Number	Number
Defined contribution plans	4	4
	_______	_______

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

	2025	2024
	£	£
Aggregate remuneration	90,968	250,391
	_______	_______

8. Other interest receivable and similar income

	2025	2024
	£	£
Bank deposits	330,226	307,042
Other interest receivable and similar income	598	614
	_______	_______
	330,824	307,656
	_______	_______

9. Interest payable and similar expenses

	2025	2024
	£	£
Other interest payable and similar expenses	721	10,623
	_______	_______

10. Tax on profit

Major components of tax expense

	2025	2024
	£	£
Current tax:
UK current tax expense	469,268	667,538
	_______	_______

Deferred tax:
Origination and reversal of timing differences	( 2,207)	9,581
	_______	_______
Tax on profit	467,061	677,119
	_______	_______

Reconciliation of tax expense

The tax assessed on the profit for the year is higher than (2024: higher than) the standard rate of corporation tax in the UK of 25.00 % (2024: 25.00%).

	2025	2024
	£	£
Profit before taxation	1,864,586	2,705,149
	_______	_______

Profit multiplied by rate of tax	466,147	676,287
Effect of expenses not deductible for tax purposes	914	832
	_______	_______
Tax on profit	467,061	677,119
	_______	_______

11. Tangible assets

	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 1 January 2025	160,870	31,407	215,525	407,802
Additions	280	6,143	24,745	31,168
Disposals	-	-	( 23,995)	( 23,995)
	_______	_______	_______	_______
At 31 December 2025	161,150	37,550	216,275	414,975
	_______	_______	_______	_______
Depreciation
At 1 January 2025	154,159	26,967	115,730	296,856
Charge for the year	2,725	1,463	35,941	40,129
Disposals	-	-	( 23,365)	( 23,365)
	_______	_______	_______	_______
At 31 December 2025	156,884	28,430	128,306	313,620
	_______	_______	_______	_______
Carrying amount
At 31 December 2025	4,266	9,120	87,969	101,355
	_______	_______	_______	_______
At 31 December 2024	6,711	4,440	99,795	110,946
	_______	_______	_______	_______

12. Debtors

	2025	2024
	£	£
Trade debtors	1,973,755	2,928,511
Prepayments and accrued income	117,718	102,001
Other debtors	37,050	41,493
	_______	_______
	2,128,523	3,072,005
	_______	_______

The debtors above include the following amounts falling due after more than one year:

	2025	2024
	£	£
Trade debtors	256,544	247,966
	_______	_______

13. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	1,465,513	1,253,887
Accruals and deferred income	2,108,117	2,721,074
Corporation tax	133,843	407,538
Social security and other taxes	675,262	933,349
Other creditors	583	955
	_______	_______
	4,383,318	5,316,803
	_______	_______

14. Provisions

	Deferred tax (note 15)	Total
	£	£
At 1 January 2025	24,562	24,562
Charges against provisions	( 2,207)	( 2,207)
	_______	_______
At 31 December 2025	22,355	22,355
	_______	_______

15. Deferred tax

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

	2025	2024
	£	£
Included in provisions (note 14)	22,355	24,562
	_______	_______

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

	2025	2024
	£	£
Accelerated capital allowances	22,355	24,562
	_______	_______

16. Reserves

Profit and loss account:This reserve records retained earnings and accumulated losses.

17. Analysis of changes in net debt

	At 1 January 2025	Cash flows	At 31 December 2025
	£	£	£
Cash and cash equivalents	7,450,934	1,314,985	8,765,919
	_______	_______	_______

18. Operating leases

The company as lessee

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


	£	£

Not later than 1 year	74,657	85,666
Later than 1 year and not later than 5 years	39,118	92,914
	_______	_______
	113,775	178,580
	_______	_______

19. Contingent assets and liabilities

The bank guarantees on building contracts was £1,500,000 (2024: £1,200,000).

20. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Amounts repaid	Balance o/standing
		£	£	£
	Mr N K Davies	28,037	( 765)	27,272
		_______	_______	_______

2024
		Balance brought forward	Amounts repaid	Balance o/standing
		£	£	£
	Mr N K Davies	28,787	( 750)	28,037
		_______	_______	_______

21. Parent undertaking

The company's immediate parent is John Weaver (Holdings) Ltd, incorporated in England & Wales.