REGISTERED NUMBER: 07884717 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

CENTAR SURFACING LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

to

4

Report of the Independent Auditors

5

to

8

Statement of Comprehensive Income

9

Statement of Financial Position

10

Statement of Changes in Equity

11

Statement of Cash Flows

12

Notes to the Statement of Cash Flows

13

Notes to the Financial Statements

14

to

22

DIRECTORS:

J P Gordon

C A Jamieson

M Wellington

C Rigg

J Stott

B Terry

REGISTERED OFFICE:

Winterhill House

Marlow Reach

Station Approach

Marlow

Buckinghamshire

SL7 1NT

REGISTERED NUMBER:

07884717 (England and Wales)

AUDITORS:

Seymour Taylor Limited, Statutory Auditor

First Floor North

40 Oxford Road

High Wycombe

Buckinghamshire

HP11 2EE

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

REVIEW OF BUSINESS

The year ended 31 December 2025 produced excellent results provided by our well established, experienced staff and expanding workforce. This against the challenges of increasing equipment and material prices together with recruitment obstacles.

Turnover grew to £22.4m this year (2024: £21.6m) along with operating profit to £2.0m (2024: £2.2m).

In fourteen years of trading, Centar has developed a strong company and employer brand.

PRINCIPAL RISKS AND UNCERTAINTIES

Centar mitigates the risk of commercial client solvency by continual review supported by credit insurance.

FUTURE DEVELOPMENTS

Further investment in property, plant and personnel will increase our self-sustainability and reduce reliance on third party providers.

Continued engagement of social media provides greater effectiveness in marketing, sales and recruitment.

KEY PERFORMANCE INDICATORS

Personal and collective performances in sales and operations remain our measurements of success in association with key business indicators such as debtors and cash.

2025

2024

Turnover

22,317,703

21,597,126

Trade debtors

3,666,737

3,539,519

Cash at bank

2,998,381

4,565,088

ON BEHALF OF THE BOARD:

C A Jamieson - Director

5 June 2026

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of road surfacing contractors.

DIVIDENDS

The total distribution of dividends during the year amounted to £990,000 (2024: £1,485,000).

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

J P Gordon

C A Jamieson

M Wellington

C Rigg

J Stott

B Terry

DIRECTORS' RESPONSIBILITIES STATEMENT

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.

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

Seymour Taylor Limited are deemed to be re-appointed in accordance with section 487(2) of the Companies Act 2006.

ON BEHALF OF THE BOARD:

C A Jamieson - Director

5 June 2026

Opinion

We have audited the financial statements of Centar Surfacing Limited (the 'company') for the year ended 31 December 2025 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the Statement of Cash Flows, 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 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 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 and the Report of the Directors, 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.

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 Directors' Responsibilities Statement set out on page three, 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.

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 we considered the following:

- the nature of the industry and sector, control environment and business performance including the key drivers for directors' remuneration, bonus levels and performance targets;

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

- any matters we identified having made enquiries of management about 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 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. 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 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.

Audit response to risks identified

As a result of performing the above our procedures to respond to the risks identified included the following:

- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

- enquiring of management about actual and potential litigation and claims;

- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

- obtained an understanding of provisions and held discussions with management to understand the basis of recognition or non-recognition of tax provisions; and

- in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or noncompliance with laws and regulations throughout the audit.

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.

Joanne Kingsnorth FCA (Senior Statutory Auditor)

for and on behalf of Seymour Taylor Limited, Statutory Auditor

First Floor North

40 Oxford Road

High Wycombe

Buckinghamshire

HP11 2EE

5 June 2026

TURNOVER

4

22,317,703

21,597,126

Cost of sales

17,054,525

16,333,718

GROSS PROFIT

5,263,178

5,263,408

Administrative expenses

3,280,576

3,081,416

OPERATING PROFIT

6

1,982,602

2,181,992

Interest receivable and similar income

120,550

186,366

2,103,152

2,368,358

Loss on revaluation of investment properties

(22,654

)

-

PROFIT BEFORE TAXATION

2,080,498

2,368,358

Tax on profit

7

589,593

603,073

PROFIT FOR THE FINANCIAL YEAR

1,490,905

1,765,285

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,490,905

1,765,285

FIXED ASSETS

Tangible assets

9

4,904,543

3,440,046

Investment property

10

450,000

-

5,354,543

3,440,046

CURRENT ASSETS

Debtors

11

4,569,835

4,441,147

Cash at bank

2,998,381

4,565,088

7,568,216

9,006,235

CREDITORS

Amounts falling due within one year

12

2,935,613

2,705,647

NET CURRENT ASSETS

4,632,603

6,300,588

TOTAL ASSETS LESS CURRENT LIABILITIES

9,987,146

9,740,634

PROVISIONS FOR LIABILITIES

13

1,128,464

1,382,857

NET ASSETS

8,858,682

8,357,777

CAPITAL AND RESERVES

Called up share capital

14

99

99

Share premium

15

153,703

153,703

Capital redemption reserve

15

12

12

Fair value reserve

15

(22,654

)

-

Retained earnings

15

8,727,522

8,203,963

SHAREHOLDERS' FUNDS

8,858,682

8,357,777

The financial statements were approved by the Board of Directors and authorised for issue on 5 June 2026 and were signed on its behalf by:

C A Jamieson - Director

J P Gordon - Director

Called up

share

Retained

Share

capital

earnings

premium

£

£

£

Balance at 1 January 2024

95

7,923,678

79,907

Changes in equity

Increase in share capital

4

-

73,796

Dividends

-

(1,485,000

)

-

Total comprehensive income

-

1,765,285

-

Balance at 31 December 2024

99

8,203,963

153,703

Changes in equity

Dividends

-

(990,000

)

-

Total comprehensive income

-

1,490,905

-

Transfer between reserves

-

22,654

-

Balance at 31 December 2025

99

8,727,522

153,703

Capital

Fair

redemption

value

Total

reserve

reserve

equity

£

£

£

Balance at 1 January 2024

12

-

8,003,692

Changes in equity

Increase in share capital

-

-

73,800

Dividends

-

-

(1,485,000

)

Total comprehensive income

-

-

1,765,285

Balance at 31 December 2024

12

-

8,357,777

Changes in equity

Dividends

-

-

(990,000

)

Total comprehensive income

-

-

1,490,905

Transfer between reserves

-

(22,654

)

-

Balance at 31 December 2025

12

(22,654

)

8,858,682

Cash flows from operating activities

Cash generated from operations

1

2,516,932

1,662,750

Tax paid

(493,564

)

(301,133

)

Net cash from operating activities

2,023,368

1,361,617

Cash flows from investing activities

Purchase of tangible fixed assets

(2,627,453

)

(1,200,590

)

Purchase of investment property

(472,654

)

-

Sale of tangible fixed assets

379,482

297,347

Interest received

120,550

186,366

Net cash from investing activities

(2,600,075

)

(716,877

)

Cash flows from financing activities

Share issue

-

4

Share premium issue

-

73,796

Equity dividends paid

(990,000

)

(1,485,000

)

Net cash from financing activities

(990,000

)

(1,411,200

)

Decrease in cash and cash equivalents

(1,566,707

)

(766,460

)

Cash and cash equivalents at beginning of year

2

4,565,088

5,331,548

Cash and cash equivalents at end of year

2

2,998,381

4,565,088

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

2025

2024

£

£

Profit before taxation

2,080,498

2,368,358

Depreciation charges

818,806

711,906

Profit on disposal of fixed assets

(35,332

)

(50,170

)

Loss on revaluation of fixed assets

22,654

-

Decrease in provisions

(367,516

)

(80,294

)

Finance income

(120,550

)

(186,366

)

2,398,560

2,763,434

Increase in trade and other debtors

(128,688

)

(1,281,342

)

Increase in trade and other creditors

247,060

180,658

Cash generated from operations

2,516,932

1,662,750

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 31 December 2025

31.12.25

1.1.25

£

£

Cash and cash equivalents

2,998,381

4,565,088

Year ended 31 December 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

4,565,088

5,331,548

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.25

Cash flow

At 31.12.25

£

£

£

Net cash

Cash at bank

4,565,088

(1,566,707

)

2,998,381

4,565,088

(1,566,707

)

2,998,381

Total

4,565,088

(1,566,707

)

2,998,381

1.	STATUTORY INFORMATION

Centar Surfacing Limited is a private company limited by shares and incorporated in England and Wales. The address of the company's registered office is Winterhill House, Marlow Reach, Station Approach, Marlow, Buckinghamshire, SL7 1NT. The principal place of business is Unit P Howland Road Industrial Estate, Howland Road, Thame, Oxfordshire, OX9 3GQ. The registered number is 07884717.

The principal activity of the company is that of road surfacing contractors.

The presentation currency of these financial statements is Sterling (£), being the currency of the primary economic market in which the entity operates (its functional currency). All amounts in these financial statements have been rounded to the nearest pound unless stated otherwise.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 as modified by the revaluation of certain assets.

The directors have assessed expected future cashflows, giving due consideration to all relevant factors affecting the company. The directors have considered the potential impact on the company as well as its capital resources and believe that the company has adequate resources in place to continue in operation for at least twelve months from the date of approval of the financial statements. Consequently, the company continues to adopt the going concern basis in preparing these financial statements.

Turnover

Turnover is measured at the fair value of the consideration receivable for goods and services provided, net of trade discounts and value added tax.

Turnover from construction and service activities represents the value of work carried out during the year, including amounts not invoiced.

Turnover and costs are recognised by reference to the stage of completion at the statement of financial position date. Stage of completion is measured by reference to agreements with the customer.

Provision is made for all known or expected losses on individual contracts once such losses are foreseen.

Attributable profit or loss on a contract is recognised as the difference between recorded turnover and related costs.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life:

Freehold property - 100 years straight line

Plant and machinery - 20% reducing balance

Motor vehicles - 30% reducing balance

Depreciation methods, useful lives and residual values are reviewed if there is an indication of a significant change since the last annual reporting date in the pattern by which the company expects to consume an asset's future economic benefits.

Investment property

Investment properties are properties which are held either to earn rental income or for capital appreciation or for both.

Investment properties are measured at cost upon initial recognition. The initial cost of the property comprises of its purchase price and any directly attributable expenditure.

Subsequently, investment property is measured at fair value at each reporting date with changes in fair value recognised in profit or loss in the period that they arise. No depreciation is provided in respect of investment properties applying the fair value model.

Taxation

Tax on the profit or loss for the year comprises current and deferred tax. Tax is recognised in the income statement except to the extent that it relates to items recognised directly in equity or other comprehensive income, in which case it is recognised directly in equity or other comprehensive income.

Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the statement of financial position date, and any adjustment to tax payable in respect of previous years.

Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Differences between accumulated depreciation and tax allowances for the cost of a fixed asset, if and when all conditions for retaining the tax allowances have been met, are not provided for. Deferred tax is not recognised on permanent differences arising because certain types of income or expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding income or expense.

Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using tax rates enacted or substantively enacted at the statement of financial position date. Deferred tax balances are not discounted.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that is it 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.

Provisions

Provisions are recognised when the company has a legal or constructive obligation at the statement of financial position date as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and the amount can be reliably estimated. Provisions are recognised as a liability in the statement of financial position and the relevant amount included as an expense in the income statement.

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 or contingency is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in the profit or loss account in the period it arises.

Financial instruments

The company has applied the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instrument Issues" of FRS 102 to its financial statements.

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the statement of financial position. Finance costs and gains or losses relating to financial liabilities are included in the income statement. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

3.	CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

The preparation of the financial statements requires management to make estimates and assumptions that affect the reported amounts of turnover, expenses, assets and liabilities, and the disclosure of contingent liabilities at the date of the financial statements. If in the future such estimates and assumptions, which are based on the management's best judgment at the date of the financial statements, deviate from the actual circumstances, the original estimates and assumptions will be modified as appropriate in the year in which the circumstances change.

The area for which significant estimation has been applied is considered to be as follows:

Depreciation of tangible fixed assets

Depreciation is provided in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Management reassess the depreciation methods, useful lives and residual values where there is an indication of a significant change in pattern by which the company expects to consume an asset's future economic benefit.

There is significant estimation uncertainty over the depreciation owing to the varying useful lives of assets, their condition and, in the case of motor vehicles, their mileage.

Valuation of investment properties

Investment properties are stated at fair value based on the valuation performed at the year end date. The valuation takes into account observable market prices and expected rentals but, particularly given changing interest rates and inflation rates, there is an inherent degree of judgement involved in the property valuation being assessed at the year end date.

Bad debt provision

Management make provision against any debtor which is deemed to be potentially irrecoverable. This provision is reviewed on an annual basis and assessed for reasonableness.

Reserving

Management include a cost reserve for contracts which, on balance, are determined as having probable additional costs due at a future date resulting from defects or necessary remedial work. Management also include a reserve against sales made which is assessed as being the total amount invoiced to date which could be reasonably considered unrecoverable from the end customer upon agreement of the final account or an interim agreement is made.

These reserves are reviewed continuously throughout the year, constantly assessed for accuracy using management's high level of expertise on which its best estimate is based. Each reserve is made on a job by job basis.

There is significant estimation uncertainty over the reserves because the outcome can not be known at the time of estimating as well as the wide range of possible outcomes. This gives rise to a range of potential reserving amounts which could have a material effect on the financial statements.

4.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

2025

2024

£

£

United Kingdom

22,317,703

21,597,126

22,317,703

21,597,126

5.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

4,706,466

4,344,913

Social security costs

721,629

573,229

Other pension costs

187,806

158,548

5,615,901

5,076,690

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

2025

2024

Operative staff

43

41

Administrative staff

25

23

68

64

2025

2024

£

£

Directors' remuneration

1,443,511

1,224,814

Directors' pension contributions to money purchase schemes

45,500

30,000

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes

5

2

Information regarding the highest paid director is as follows:

2025

2024

£

£

Emoluments etc

424,665

410,667

Pension contributions to money purchase schemes

12,900

12,000