REGISTERED NUMBER: 02678507 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE PERIOD

1 NOVEMBER 2024 TO 30 SEPTEMBER 2025

FOR

WOODLANDS SITE SERVICES LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

5

Report of the Independent Auditors

7

Income Statement

12

Other Comprehensive Income

13

Balance Sheet

14

Statement of Changes in Equity

15

Notes to the Financial Statements

16

DIRECTORS:

G J Hall

S R White

J J Woodlands

A P Shipley

Ms L D L Gratton

I P Cole-Wilkins

REGISTERED OFFICE:

Unit 20

Optima Park

Thomas Road

Crayford

Kent

DA1 4QX

REGISTERED NUMBER:

02678507 (England and Wales)

SENIOR STATUTORY AUDITOR:

Joanne Brown

AUDITORS:

Sargeant Partnership Limited

Chartered Accountants

and Statutory Auditors

5 White Oak Square

London Road

Swanley

Kent

BR8 7AG

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

REVIEW OF BUSINESS

The company provides temporary and semi-permanent site services to a number of construction projects throughout London, the South East, the Midlands and across Europe. The vast majority of the company's operations relate to Electrical and Mechanical services, but the company also provides other services such as security systems, underground utilities and data services. The company operates from its head office and training facility in Crayford, Kent as well as its office in central London and other locations around Europe.

The financial period to 30 September 2025 has seen difficult trading conditions from the previous accounting period. Consequently, the group has seen a reduction in turnover in this financial year totalling £14,034,565, a decrease of 14.26%. The corresponding loss for the year is directly attributable to a majority client entering administration and the conclusion of a significant loss-making contract.

As a result of these difficult conditions, a majority shareholding in the group holding company was sold to BMSL Group Holdings Limited on 23rd September 2025. As part of BMSL Group's strategy to focus on the group's core UK business, they acquired a controlling stake in the groups UK operations with the group restructured to remove the European entities into an entirely separate business.

The directors believe that the acquisition provides the group with both the expertise and support to be able to explore the new opportunities presented to it as part of a wider group to develop and grow the business further. The directors are keen to implement their future plans for the business in order to improve the financial performance and robustness of the business to moving forward.

During the year, prolonged higher inflation along with continued high interest rates has inevitably caused some margin pressures. The company has where possible tried to mitigate against rising costs to maintain a level of profitability in keeping with recent years.

In the opinion of the directors, their client led approach and delivery of a fully compliant, quality service continues to bring success in securing future works, most notably in the award of several government infrastructure projects.

Whilst the majority of the group's client base are predominately longstanding key clients, it has also been successful in diversifying its portfolio in obtaining works with new clients.

The company continues to promote innovation in developing energy saving, eco-friendly products and solutions for its clients. With increasing focus on environment factors, these products enable clients to act ethically in reducing the carbon footprint of construction as well as generating substantial cost savings and enhancing site safety. As a gold member of the Supply Chain Sustainability School, an award-winning industry wide collaboration, the company is invested in delivering a sustainable future.

The directors believe investing in their workforce will ensure high levels of competence and will continue to enhance standards of work. The health and wellbeing of the workforce remains a key area in which all staff have access to a qualified inhouse nurse offering health monitoring, walk in clinics and drugs & alcohol testing. They also remain committed to developing the next generation of construction workers partnering with selected clients and organisations to provide apprenticeship opportunities for local people.

Social media platforms give the group the opportunity to promote local community projects and charitable events, as well as supporting industry initiatives such as women in construction and national apprenticeship week.

PRINCIPAL RISKS AND UNCERTAINTIES

The principal risks and uncertainties which are likely to affect the company are expected to be due to future economic and political developments and how this will affect the wider Construction industry.

The directors are fully aware that prolonged higher inflation and the conflict in Ukraine will continue to impact costs across the business. However, given these are challenges faced throughout the industry it's likely that these price pressures will be felt across the board and so are unlikely to have a detrimental effect on the business. The company continues to work closely with its key supply chain partners in order to identify and forecast potential price rises so that where possible it can mitigate against these increases.

One of the company's primary material costs is cable, the cost of which is linked to wholesale copper prices. As the price of copper is determined by several economic factors globally, the company manages this risk through constant monitoring and forecasting of copper prices. Although the current economic climate has caused some volatility in the commodities markets, the directors consider current controls to be adequate in managing any risk. The company has previously explored the possibility of limiting its exposure by hedging against potential price rises; however, this has not proved to be financially viable.

The nature of construction dictates that there will always be emphasis on the management of health and safety risks. The company continues to embrace a health and safety culture by investing in key staff and training of its workforce such as mental first aiders to maintain good working standards and procedures across the company.

The directors remain vigilant, especially surrounding future economic factors and the recent change of government but are confident that where possible adequate procedures/controls are in place to identify and manage risks to an acceptable level.

FUTURE DEVELOPMENTS

With the UK experiencing a period of stagflation and inflation still above The Bank of England's target of 2%, the Bank's Monetary Policy Committee have been cautious in reducing interest rates and as a result, some projects have been postponed due to the continued uncertain economic outlook and high borrowing costs.

Despite this, the company has secured a number of projects with an increasingly diverse client base which will maintain core business levels for several years to come.

KEY PERFORMANCE INDICATORS

The directors monitor a number of key performance indicators to enable them to measure the financial performance and standing of the company:

Profitability

Gross Profit % 19.98% (2024: 19.98%)

Profit before Tax % 0.63% (2024: 0.63%)

EBITDA -27.34% (2024: 2.60%)

Liquidity

Current Ratio 0.90 (2024: 1.37)

Quick Ratio 0.85 (2024: 1.32)

ON BEHALF OF THE BOARD:

S R White - Director

18 June 2026

The directors present their report with the financial statements of the company for the period 1 November 2024 to 30 September 2025.

DIVIDENDS

There have been no dividends voted in the period ended 30th September 2025.

DIRECTORS

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

S R White

J J Woodlands

Other changes in directors holding office are as follows:

G J Hall - appointed 23 September 2025

R C Prentice - resigned 23 September 2025

K A F Bodman - resigned 23 September 2025

A P Shipley - appointed 23 September 2025

Ms L D L Gratton - appointed 23 September 2025

I P Cole-Wilkins - appointed 23 September 2025

FINANCIAL INSTRUMENTS

The company has a normal level of exposure to price, credit, liquidity and cash flow risks arising from trading activities which are only conducted in sterling. The company does not enter into any hedging transactions.

DONATIONS

There were donations in the year totalling £859.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

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 or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Sargeant Partnership Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

S R White - Director

18 June 2026

Qualified Opinion

We have audited the financial statements of Woodlands Site Services Limited (the 'company') for the period ended 30 September 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity 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 Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

We have audited the financial statements of Woodlands Site Services Limited (the 'company') for the period ended 30 September 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity 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 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, except for the possible effects of the matter described in the basis for qualified opinion section of our report, the financial statements:

- give a true and fair view of the state of the company's affairs as at 30 September 2025, and of its loss 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 qualified opinion

The company changed its yearend to 30 September 2025 on the 17 December 2025. As this decision was made after the revised year end had passed, the physical stock count was not performed at 30 September 2025 but was instead carried out on 31 October 2025, in line with the company's previous year-end practice.

We were not reappointed as auditor until December 2025 and, accordingly, were unable to attend the physical inventory count conducted on 31 October 2025. Furthermore, we attended a stock count only on 22 December 2025, which was not at or near the reporting date.

No adequate inventory records or roll-back procedures were available to reconcile inventory quantities from 31 October 2025, or from the date of our attendance to the revised year end of 30 September 2025. Consequently, we were unable to observe the counting of physical inventories at the reporting date, or satisfy ourselves by alternative audit procedures concerning the inventory quantities included in the statement of financial position at 30 September 2025, stated at £261,652.

Accordingly, we were unable to determine whether any adjustments were necessary in respect of inventory balances reported in the financial statements.

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 qualified 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.

Key audit matters

Except for the matters described in the basis for qualified opinion section, we have determined that there are no key audit matters to be communicated in our 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 Statement of Directors' Responsibilities set out on page five, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

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:

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud.

During the audit we identify and assess the risk of material misstatements of the financial statements due to fraud or error; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud and error; and to respond appropriately to those risks.

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

- We obtained an understanding of the legal and regulatory frameworks applicable to the company and the sector in which they operate. We determined that the following laws and regulations were most significant: the Companies Act 2006, UK GAAP, UK corporate taxation laws and the Data Protection Act.

- We obtained an understanding of how the Company is complying with those legal and regulatory frameworks by making inquiries to the management and directors of known or suspected instances of fraud and non-compliance with laws and regulations. These enquiries are corroborated through follow up audit procedures including but not limited to a review of legal and professional costs and correspondence.

-We assessed the susceptibility of the Company's financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the audit engagement team included:

a) Identifying the controls management has put in place to prevent and detect fraud;

b) Understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process;

c) Challenging assumptions and judgements made by management in its significant accounting estimates; and

d) We designed our audit procedures to respond to the assessment of the risk of fraud through management override of controls. This includes the identification and testing of related party transactions and the testing of journal transactions that arise from management estimates, that are determined to be of significant value or unusual in their nature and a review of profit margins.

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 Brown (Senior Statutory Auditor)

for and on behalf of Sargeant Partnership Limited

Chartered Accountants

and Statutory Auditors

5 White Oak Square

London Road

Swanley

Kent

BR8 7AG

18 June 2026

TURNOVER

14,034,565

16,369,299

Cost of sales

13,530,016

13,098,608

GROSS PROFIT

504,549

3,270,691

Administrative expenses

4,564,023

3,057,268

(4,059,474

)

213,423

Other operating income

113

1,000

OPERATING (LOSS)/PROFIT

4

(4,059,361

)

214,423

Interest receivable and similar income

-

21

(4,059,361

)

214,444

Interest payable and similar expenses

6

115,941

111,903

(LOSS)/PROFIT BEFORE TAXATION

(4,175,302

)

102,541

Tax on (loss)/profit

7

(1,220,380

)

(88,564

)

(LOSS)/PROFIT FOR THE FINANCIAL PERIOD

(2,954,922

)

191,105

(LOSS)/PROFIT FOR THE PERIOD

(2,954,922

)

191,105

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD

(2,954,922

)

191,105

FIXED ASSETS

Tangible assets

9

3,099,905

3,185,585

CURRENT ASSETS

Stocks

10

261,652

282,324

Debtors

11

4,334,754

6,904,578

Cash at bank and in hand

13,546

345

4,609,952

7,187,247

CREDITORS

Amounts falling due within one year

12

5,141,989

5,253,661

NET CURRENT (LIABILITIES)/ASSETS

(532,037

)

1,933,586

TOTAL ASSETS LESS CURRENT LIABILITIES

2,567,868

5,119,171

CREDITORS

Amounts falling due after more than one year

13

(2,231,743

)

(1,424,092

)

PROVISIONS FOR LIABILITIES

17

-

(404,032

)

NET ASSETS

336,125

3,291,047

CAPITAL AND RESERVES

Called up share capital

18

10,000

10,000

Retained earnings

19

326,125

3,281,047

SHAREHOLDERS' FUNDS

336,125

3,291,047

The financial statements were approved by the Board of Directors and authorised for issue on 18 June 2026 and were signed on its behalf by:

S R White - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 November 2023

10,000

3,148,275

3,158,275

Changes in equity

Dividends

-

(58,333

)

(58,333

)

Total comprehensive income

-

191,105

191,105

Balance at 31 October 2024

10,000

3,281,047

3,291,047

Changes in equity

Total comprehensive income

-

(2,954,922

)

(2,954,922

)

Balance at 30 September 2025

10,000

326,125

336,125

1.	STATUTORY INFORMATION

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The financial accounts are presented in sterling (£) which is also the functional currency.

Financial Reporting Standard 102 - reduced disclosure exemptions

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

•

the requirements of Section 7 Statement of Cash Flows.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of financial statements requires management to make judgements. estimates and assumptions about the carrying value assets and liabilities that are not readily apparent from other sources. The estimates and underlying 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 a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

Provisions for amounts recoverable on long term contracts

Applications for payment are raised by quantity surveyors based on the value of services delivered at the time of the application for payment. A provision is included against any uncollected amount where its recoverability may be uncertain. This estimate is based on management's knowledge and experience of the customer and prior business experience. The determination of the quantum of the provision is judgemental. ·

Useful economic lives of tangible fixed assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual vaiues are reassessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

Turnover

Turnover represents net invoices and applications for payment, based on the estimated value of services provided and recognised in accordance with the stage of completion of the contract, excluding value added tax.

Within the year, the company had disputes with a contract that they took on, where the client did not pay the applied amounts. This led to Woodlands Site Services and the client having a different agreement of payment and how revenue should be recognised, which was to recognise on a cost plus mark up basis.

This was for a one off project, and the other projects remain to be recognised on an application basis, as above.

Amounts recoverable on long term contracts, which are included in debtors, represent applications for payment which remain uncollected at the year end. These balances are stated at the net sales value of the work done after provisions.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% per annum on cost and 4% per annum on cost

Fixtures and fittings

-

15% per annum on cost

Motor vehicles

-

20% per annum on reducing balance

Computer equipment

-

15% per annum on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

Current or deferred taxation assets and liabilities are not discounted.

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

Deferred tax

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

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

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

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Employee benefits

Short term employee benefits, including holiday pay entitlement and other non-monetary benefits, and contributions to personal pension schemes are recognised as an expense in the period in which they are incurred. The company has no further responsibility in respect of those schemes.

Short term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other operating expenses.

Cash and cash equivalents:

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short-term deposits with an original maturity date of three months or less.

3.	EMPLOYEES AND DIRECTORS

Period

1/11/24

to

Year Ended

30/9/25

31/10/24

£

£

Wages and salaries

1,827,779

2,076,365

Social security costs

187,081

197,930

Other pension costs

30,827

35,310

2,045,687

2,309,605

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

Period

1/11/24

to

Year Ended

30/9/25

31/10/24

Directors

4

4

Management & administration

17

17

Warehouse

2

3

Drivers

2

2

Mechanical & electrical

13

14

38

40

Period

1/11/24

to

Year Ended

30/9/25

31/10/24

£

£

Directors' remuneration

265,138

290,390

Directors' pension contributions to money purchase schemes

4,844

5,284

Information regarding the highest paid director is as follows:

Period

1/11/24

to

Year Ended

30/9/25

31/10/24

£

£

Emoluments etc

73,333

80,000

Pension contributions to money purchase schemes

1,211

1,321

4.	OPERATING (LOSS)/PROFIT

The operating loss (2024 - operating profit) is stated after charging:

Period

1/11/24

to

Year Ended

30/9/25

31/10/24

£

£

Plant hire and maintenance

517,240

358,723

Depreciation - owned assets

155,633

158,515

Depreciation - assets on hire purchase contracts

67,189

51,858

Loss on disposal of fixed assets

1,047

-

Auditors' remuneration

28,250

18,000

5.	EXCEPTIONAL ITEMS

Period

1/11/24

to

Year Ended

30/9/25

31/10/24

£

£

Exceptional items

(36,291

)

-

The exceptional items relate to the write offs of intercompany balances as per the SPA with BMSL Group Holdings Limited.

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

Period

1/11/24

to

Year Ended

30/9/25

31/10/24

£

£

Bank interest

91,149

92,743

Hire purchase

24,792

19,160

115,941

111,903

7.

TAXATION

Analysis of the tax credit

The tax credit on the loss for the period was as follows:

Period

1/11/24

to

Year Ended

30/9/25

31/10/24

£

£

Current tax:

UK corporation tax

(32,332

)

(58,024

)

Prior period corporation tax

85,860

85,861

Total current tax

53,528

27,837

Deferred tax

(1,273,908

)

(116,401

)

Tax on (loss)/profit

(1,220,380

)

(88,564

)

Reconciliation of total tax credit included in profit and loss

The tax assessed for the period is lower than the standard rate of corporation tax in the UK. The difference is explained below:

Period

1/11/24

to

Year Ended

30/9/25

31/10/24

£

£

(Loss)/profit before tax

(4,175,302

)

102,541

(Loss)/profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

(1,043,826

)

25,635

Effects of:

Expenses not deductible for tax purposes

(218,830

)

(131,722

)

Capital allowances in excess of depreciation

-

(38,979

)

Depreciation in excess of capital allowances

9,697

-

Adjustments to tax charge in respect of previous periods

53,528

85,861

Loss carried forward

1,252,959

145,066

assets

R&D claim

-

(58,024

)

Deferred Tax Movement

(1,273,908

)

(116,401

)

Total tax credit

(1,220,380

)

(88,564

)