DXI Regeneration Limited

	Page
Company Information	1
Strategic Report	2
Directors' Report	3
Independent Auditor's Report	4—7
Statement of Comprehensive Income	8
Balance Sheet	9
Statement of Changes in Equity	10
Cash Flow Statement	11
Notes to the Cash Flow Statement	12
Notes to the Financial Statements	13—21

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Strategic Report

For The Year Ended 30 September 2025

Strategic Report

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

Principal Activity

The principal activity of the company continues to be that of civil engineering.

Review of the Business

The company has continued to grow its turnover and client base, and to invest significantly in plant and equipment.

Profits for the previous year ended 30th September 2023 were exceptional because of a number of one-off opportunities. The profit for the year ended 30th September 2024 reverted to the normal growth pattern.

Sales increased to £15,139m (2024: £13.590m) but tighter margins, overhead increases resulted in a decrease in pre-tax profit to £0.252m (2024: £0.626m).

EBITDA was £0.746m (2024: £1.123m).

Balance sheet net assets increased to £3.358m (2024: £3.82m).

Principal Risks and Uncertainties

The directors believe the main risk that the company faces, in addition to the financial instrument risks, is the impact of political decisions and the general economic climate on the civil engineering sector.

The company enters into long-term contracts in the normal course of business which introduces further commercial, inflation, customer and supply chain risks to the business which can impact on revenue and profit recognised on each contract. Significant levels of our current activity continue to relate to the building and construction sector which continue to be impacted by fierce competition and rising material prices. The directors actively manage this risk by working with selected clients in the private sector.

The continuing conflict between Russia and Ukraine has disrupted worldwide supply chains and has resulted in significant increases in both inflation and interest rates to the UK economy. The future trends in both inflation and interest rates remains uncertain.

Future Developments

The directors plan to increase sales, and to venture into framework agreements with blue chip infrastructure companies.

Management is looking to further develop relations with its key customer base and take on new partners during the course of 2025/26 to strengthen business activity in the sector.

Key Performance Indicators

The Key Performance Indicators (KPI's) that the management team at DXI focus on are as follows:

Sales performance £15.139m (2024: £13.590m)

Gross profit percentage 23.14% (2024: 25.13%)

Net profit percentage before tax 1.6% (2024: 4.6%)

In addition to the KPI's above management monitor the levels of overheads incurred.

KPIs include revenue, gross profit margin and net profit margin. These KPIs are selected as ‘key’ on the basis that the company is driven by gross margins on contracts and the directors strive to keep margins as high as possible in order to preserve profit

On behalf of the board

I Rawlins

Director

26th June 2026

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DXI Regeneration Limited

Company No. 08718376

Directors' Report For The Year Ended 30 September 2025

Directors' Report

The directors present their report and the financial statements for the year ended 30 September 2025.

Dividends

The value of interim dividends paid amounted to £81,562 .

The directors do not recommend a final dividend.

Directors

The directors who held office during the year were as follows:

I Rawlins

D Clark

Matters covered in the Strategic Report

The company has chosen, in accordance with Companies Act 2006, s414C (11) to set out in the Strategic Report information required by The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, sch 7 to be contained in the Report of the Directors. It has done this in respect of future developments.

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the 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 of the profit or loss of the company for that period. In preparing the 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;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

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

Statement of Disclosure 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.

Independent Auditors

The auditors, Leavitt Walmsley Associates Ltd, will be proposed for re-appointment at the Annual General Meeting.

On behalf of the board

I Rawlins

Director

26th June 2026

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Independent Auditor's Report

to the Members of

DXI Regeneration Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of DXI Regeneration Limited for the year ended 30 September 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity, Cash Flow Statement and the related notes, 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 (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion 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 profit/(loss) 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 entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

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

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 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 Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

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Independent Auditor's Report (continued)

to the Members of

DXI Regeneration Limited

Matters on Which We Are Required to Report by Exception

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

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

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records or 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 3, 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.

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Independent Auditor's Report (continued)

to the Members of

DXI Regeneration Limited

Auditor's Responsibilities for the Audit of the Financial Statements

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

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

In relation to fraud, the objectives of our audit are to identify and assess the risk of material misstatement of the financial statements due to fraud, to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud through designing and implementing appropriate responses and to respond appropriately to fraud or suspected fraud identified during the audit.

However, it is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity’s operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, the audit engagement team:

• obtained an understanding of the nature of the industry and sector, including the legal and regulatory frameworks that the company operates in and how the company is complying with the legal and regulatory frameworks;

• inquired of management, and those charged with governance, concerning their own identification and assessment of the risks of irregularities, including any known actual, suspected or alleged instances of fraud; and

• discussed matters concerning non-compliance with laws and regulations and how fraud may occur including an assessment of how, and where, the financial statements may be susceptible to fraud.

Significant laws and regulations having a direct impact on the financial statements:

As a result of these procedures, we consider the most significant laws and regulations that have a direct impact on the financial statements are:

• FRS 102;

• Companies Act 2006; and

• Tax legislation.

We performed audit procedures to detect any non-compliance which may have a material impact on the financial statements. These included reviewing financial statement disclosures, inspecting correspondence with local tax authorities and evaluating tax advice.

Significant laws and regulations having an indirect impact on the financial statements:

The most significant laws and regulations that have an indirect impact on the financial statements are those in relation to Health and Safety. We performed audit procedures to inquire of management and those charged with governance as to whether the company is in compliance with these laws and regulations and reviewed notices published by the Health and Safety Executive. We also made inquiries with those charged with governance to identify any live and material claims or disputes with sub-contractors or clients.

Other risks relating to irregularities, including fraud:

The audit engagement team identified the risk of management override of controls, revenue recognition and estimates made in the valuation of amounts recoverable on contracts as the areas where the financial statements were most susceptible to material misstatement due to fraud. Audit procedures performed included, but were not limited to:

• Testing manual journal entries and other adjustments and evaluating the business rationale in relation to significant, unusual transaction and transactions outside the normal course of business and assessing whether the judgements made in making those estimates are indicative of potential bias.

• Testing a sample of revenue transactions recognised either side of the balance sheet date to determine whether revenue was recorded in the correct period.

• Challenging judgements and estimates applied in the valuation of amounts recoverable on contracts by discussing contract performance, reviewing post-year-end performance of projects and comparing the outturn of projects with the estimates made in preparing the prior year’s financial statements.

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

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 that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

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Independent Auditor's Report (continued)

to the Members of

DXI Regeneration Limited

Steven John Collings FCCA (Senior Statutory Auditor)

for and on behalf of Leavitt Walmsley Associates Ltd , Statutory Auditor

26th June 2026

Leavitt Walmsley Associates Ltd

Chartered Certified Accountants

Statutory Auditors

8 Eastway, Sale

Cheshire

M33 4DX

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DXI Regeneration Limited

Statement of Comprehensive Income

For The Year Ended 30 September 2025

Statement of Comprehensive Income

		2025	2024
	Notes	£	£
TURNOVER	3	15,139,080	13,590,022
Cost of sales		(11,634,577 )	(10,174,873 )

GROSS PROFIT		3,504,503	3,415,149

Administrative expenses		(3,176,095 )	(2,677,001 )
Other operating income		31,659	-

OPERATING PROFIT	5	360,067	738,148
Profit on disposal of fixed assets		98,214	94,068
Other interest receivable and similar income	10	559	18
Interest payable and similar charges	11	(206,434 )	(206,379 )

PROFIT BEFORE TAXATION		252,406	625,855
Tax on Profit	12	(94,941 )	(138,361 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		157,465	487,494
OTHER COMPREHENSIVE INCOME FOR THE YEAR		-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR		157,465	487,494

The notes on pages 12 to 21 form part of these financial statements.

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DXI Regeneration Limited

Balance Sheet

As At 30 September 2025

Balance Sheet

Registered number: 08718376

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	13		3,952,695		3,580,878

			3,952,695		3,580,878
CURRENT ASSETS
Stocks	14	70,050		74,140
Debtors	15	6,922,576		4,498,282
Cash at bank and in hand		67,280		497,479

		7,059,906		5,069,901
Creditors: Amounts Falling Due Within One Year	16	(5,385,398 )		(2,938,744 )

NET CURRENT ASSETS (LIABILITIES)			1,674,508		2,131,157

TOTAL ASSETS LESS CURRENT LIABILITIES			5,627,203		5,712,035

Creditors: Amounts Falling Due After More Than One Year	17		(1,289,568 )		(1,545,138 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	20		(978,879 )		(884,044 )

NET ASSETS			3,358,756		3,282,853

CAPITAL AND RESERVES
Called up share capital	21		200		200
Profit and Loss Account			3,358,556		3,282,653

SHAREHOLDERS' FUNDS			3,358,756		3,282,853

On behalf of the board

I Rawlins

Director

26th June 2026

The notes on pages 12 to 21 form part of these financial statements.

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DXI Regeneration Limited

Statement of Changes in Equity

For The Year Ended 30 September 2025

Statement of Changes in Equity

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 October 2023	200	2,917,445	2,917,645
Profit for the year and total comprehensive income	-	487,494	487,494

Dividends paid	-	(122,286)	(122,286)

As at 30 September 2024 and 1 October 2024	200	3,282,653	3,282,853


Profit for the year and total comprehensive income	-	157,465	157,465

Dividends paid	-	(81,562)	(81,562)

As at 30 September 2025	200	3,358,556	3,358,756

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DXI Regeneration Limited

Cash Flow Statement

For The Year Ended 30 September 2025

Cash Flow Statement

		2025	2024
	Notes	£	£
Cash flows from operating activities
Net cash generated from operations	1	827,304	495,676
Interest paid		(206,434 )	(206,379 )
Tax paid		(206,622 )	-

Net cash generated from operating activities		414,248	289,297

Cash flows from investing activities
Purchase of tangible assets		57,035	9,162
Proceeds from disposal of tangible assets		372,589	472,500
Interest received		559	18

Net cash generated from investing activities		430,183	481,680

Cash flows from financing activities
Equity dividends paid		(81,562 )	(122,286 )
Repayment of bank borrowings		(101,577 )	(115,909 )
Repayment of finance leases		(1,265,205 )	(895,173 )
Amount introduced by directors		173,714	317,616

Net cash used in financing activities		(1,274,630 )	(815,752 )



Decrease in cash and cash equivalents		(430,199 )	(44,775 )
Cash and cash equivalents at beginning of year	2	497,479	542,254

Cash and cash equivalents at end of year	2	67,280	497,479

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DXI Regeneration Limited

Notes to the Cash Flow Statement

For The Year Ended 30 September 2025

Notes to the Cash Flow Statement

1. Reconciliation of profit for the financial year to cash generated from operations

	2025	2024
	£	£
Profit for the financial year	157,465	487,494
Adjustments for:
Tax on profit	94,941	138,361
Interest expense	206,434	206,379
Interest income	(559 )	(18 )
Depreciation of tangible assets	415,238	384,752
Profit on disposal of tangible assets	(98,214)	(94,068)
Movements in working capital:
Decrease/(increase) in stocks	4,090	(64,580 )
Increase in trade and other debtors	(2,434,316 )	(201,565 )
Increase/(decrease) in trade and other creditors	2,482,225	(361,079 )

Net cash generated from operations	827,304	495,676

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2025	2024
	£	£
Cash at bank and in hand	67,280	497,479

3. Analysis of changes in net debt

	As at 1 October 2024	Cash flows	New finance leases	As at 30 September 2025
	£	£	£	£
Cash at bank and in hand	497,479	(430,199)	-	67,280
Finance leases	(2,451,917)	1,265,205	(1,118,466)	(2,305,178)
Debts falling due within one year	(101,352 )	44,797	-	(56,555 )
Debts falling due after more than one year	(76,714)	56,780	-	(19,934)

	(2,132,504)	936,583	(1,118,466)	(2,314,387)

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DXI Regeneration Limited

Notes to the Financial Statements

For The Year Ended 30 September 2025

Notes to the Financial Statements

1. General Information

DXI Regeneration Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08718376 . The registered office is Landgate Business Centre, Wigan Road, Ashton In Makerfield, Lancashire, WN4 0BX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and 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 company’s presentation and functional currency is Sterling.

Going concern

The directors have considered the working capital requirements of the business for a period of at least 12 months from the date of approval of these financial statements and consider these to be adequate to enable the company to meet its day-to-day obligations.

After reviewing forecasts, cash resources and consideration of other support from associated entities, the directors have a reasonable expectation that the company has sufficient resources to continue in operational existence for the foreseeable future, being a period of at least 12 months from the date of approval of these financial statements.

Accordingly, the directors continue to adopt the going concern basis of accounting in the preparation of these financial statements.

2.2. Turnover

The company recognises turnover at the fair value of the consideration received or receivable.

Turnover is calculated at net invoiced sales values, excluding VAT.

The company enters into contracts with clients to undertake permanent works at an agreed value over a period of time. When the outcome of a contract can be estimated reliably, contract turnover and associated costs are recognised as turnover and costs respectively by reference to the stage of completion of the contract activity at the balance sheet date. Full provision is made for losses on all contracts in the year in which the loss is first foreseen.

Where the outcome of a contract cannot be estimated reliably, contract turnover is recognised only to the extent of contract costs incurred that is probable will be recoverable, and contract costs are recognised in the period in which they are incurred.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Cost includes costs which are directly attributable in bringing the asset to its location and condition so that it is capable of operating in the manner intended by management.

Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	10% on a reducing balance
Motor Vehicles	15% on a reducing balance
Fixtures & Fittings	25% on a reducing balance
Computer Equipment	33% on cost

The directors assess the company's tangible assets for evidence of impairment at each reporting date. Where there are indicators of impairment the directors compare the recoverable amount with the carrying amount. If the recoverable amount is lower than the carrying amount the aset is written down to the recoverable amount by way of an impairement loss which is recognised in profit or loss for the year. Impairment losses are reversed when there is evidence that the reasons giving rise to the loss have ceased to apply.

Residual values used in the calculation of depreciable amount are the expected amounts which would currently be obtained from disposal of assets, after deducting the estimated costs of disposal, if the assets were already of the age and in the condition expected at the end of their useful lives. Profits and losses on disposal of fixed assets are included in the calculation of profit for the year.

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DXI Regeneration Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over their useful lives.

Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell after making due allowance for obsolete and slow-moving stocks.

Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Estimated selling price less costs to complete and sell are based on the prices available in the market in which a willing, knowledgeable and informed third party would offer in exchange for the goods or services.

Stocks are reviewed at each balance sheet date for evidence of obsolescence or damage and their estimated selling price less costs to complete and sell established. Where estimated selling price less costs to complete and sell are lower than cost, a write-down is recognised which is recognised immediately in profit or loss. Slow-moving items are also reviewed at each balance sheet date for evidence that cost is lower than estimated selling price less costs to complete and sell; where any write-downs or additional write-downs are required, these are also recognised in profit and loss.

2.6. Cash and Cash Equivalents

Cash and cash equivalents is represented by cash in hand and deposits held at call with banks.

2.7. Financial Instruments

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

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors and bank balances, are initially measured at transaction price including transaction costs, and are subsequently measured at amortised cost using the effective interest rate, unless the arrangement constitutes a financing transaction. Financing transactions are measured at the present value of future receipts, discounted at a market rate of interest.

Impairment of financial assets

Financial assets, other than those held at fair value through profit or loss, are assessed for indicators of impairment at each balance sheet date.

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

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

...CONTINUED

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DXI Regeneration Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

2.7. Financial Instruments - continued

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to a third party that is able to sell the asset in its entirety to an unrelated party.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing arrangement, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when, and only when, the company’s contractual obligations are discharged, cancelled or they expire.

Equity instruments

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

2.8. Taxation

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Turnover

Analysis of turnover by class of business is as follows:

	2025	2024
	£	£
Construction	15,139,080	13,590,022

4. Other Operating Income

	2025	2024
	£	£
Commission income	31,659	-

	31,659	-

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DXI Regeneration Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

5. Operating Profit

The operating profit is stated after charging:

	2025	2024
	£	£
Bad debts	100,399	166,181
Depreciation of tangible fixed assets	415,238	384,752

6. Auditor's Remuneration

	2025	2024
	£	£
Audit Services
Audit of the company's financial statements	10,450	9,500

7. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2025	2024
	£	£
Wages and salaries	2,010,036	1,725,564
Social security costs	189,221	163,216
Other pension costs	145,704	103,069

	2,344,961	1,991,849

8. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2025	2024
Office and administration	3	3
Managerial	13	13
Site workers	17	18

	33	34

9. Directors' remuneration

	2025	2024
	£	£
Emoluments	71,705	82,671
Company contributions to money purchase pension schemes	61,777	39,976

	133,482	122,647

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DXI Regeneration Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

10. Interest Receivable and Similar Income

	2025	2024
	£	£
Bank interest receivable	1	18
Other interest receivable	558	-

	559	18

11. Interest Payable and Similar Charges

	2025	2024
	£	£
Bank loans and overdrafts	16,624	21,181
Finance charges payable under finance leases and hire purchase contracts	176,837	171,588
Other finance charges	12,973	13,610

	206,434	206,379

12. Tax on Profit

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

	Tax Rate		2025	2024
	2025	2024	£	£
Current tax
UK Corporation Tax	19.0%	25.0%	106	216,645
Deferred Tax
Deferred taxation			94,835	(78,284 )


Total tax charge for the period			94,941	138,361

The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:

	2025	2024
	£	£
Profit before tax	252,406	625,855

Tax on profit at 19% (UK standard rate)	46,593	156,464
Goodwill/depreciation not allowed for tax	60,234	72,671
Expenses not deductible for tax purposes	7,952	11,444
Tax losses utilised	-	(27,777 )
Capital allowances	(114,673 )	3,843
Short term timing differences	94,835	(78,284 )

Total tax charge for the period	94,941	138,361

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DXI Regeneration Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

13. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 October 2024	4,177,843	624,479	36,817	30,683	4,869,822
Additions	665,960	339,933	55,046	491	1,061,430
Disposals	(363,829 )	(31,100 )	-	-	(394,929 )

As at 30 September 2025	4,479,974	933,312	91,863	31,174	5,536,323

Depreciation
As at 1 October 2024	946,216	292,267	20,139	30,322	1,288,944
Provided during the period	332,389	76,919	5,669	261	415,238
Disposals	(109,677 )	(10,877 )	-	-	(120,554 )

As at 30 September 2025	1,168,928	358,309	25,808	30,583	1,583,628

Net Book Value
As at 30 September 2025	3,311,046	575,003	66,055	591	3,952,695

As at 1 October 2024	3,231,627	332,212	16,678	361	3,580,878

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Plant & Machinery	3,309,546	3,121,146
Motor Vehicles	555,738	327,162

	3,865,284	3,448,308

14. Stocks

	2025	2024
	£	£
Raw materials	70,050	74,140

15. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	5,794,024	3,619,402
Other debtors	1,128,552	878,880

	6,922,576	4,498,282

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DXI Regeneration Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

16. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	1,035,544	983,493
Trade creditors	2,652,990	1,033,951
Bank loans and overdrafts	56,555	101,352
Other creditors	1,425,509	379,991
Corporation tax	106	216,645
Taxation and social security	214,694	223,312

	5,385,398	2,938,744

17. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	1,269,634	1,468,424
Bank loans	19,934	76,714

	1,289,568	1,545,138

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	2,312,132	2,451,917
Bank loans and overdrafts	76,715	178,066

The bank loan is secured by way of a fixed and floating charge in favour of The Royal Bank of Scotland dated 13 August 2014. The hire purchase contracts and finance leases are secured over the assets to which they relate.

18. Loans

An analysis of the maturity of loans is given below:

	2025	2024
	£	£
Amounts falling due within one year or on demand:
Bank loans	56,555	101,352

	2025	2024
	£	£
Amounts falling due between one and five years:
Bank loans	19,934	76,714

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DXI Regeneration Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

19. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	1,035,544	983,493
Later than one year and not later than five years	1,269,634	1,468,424

	2,305,178	2,451,917

	2,305,178	2,451,917

20. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Accelerated capital allowances	978,879	884,044

These deferred tax balances are expected to reverse over the next three to five years.

21. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
100 Ordinary A shares of £ 1.00 each	100	100
100 Ordinary B shares of £ 1.00 each	100	100

	200	200

The A shares have voting rights and no dividend rights ; and the B Shares have dividend rights and no voting rights.

22. Other Commitments

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

	2025	2024
	£	£
Not later than one year	-	60,000
Later than one year and not later than five years	-	75,000

	-	135,000

23. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

During the year the charge to profit or loss in respect of defined contribution schemes was £145,704 (2024: £103,069). Amounts owed to the pension fund at the balance sheet date were £11,798 (2024: £19,518).

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DXI Regeneration Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

24. Dividends

	2025	2024
	£	£
On equity shares:
Interim dividend paid	81,562	122,286

25. Related Party Disclosures

Key management personnel (including directors) received compensation of £237,318 (2024: £255,102)

During the year the company had transactions with entities over which a director had significant influence and control as follows:

Nature and amount of transactions:

Plant Sales £427,780 (2023:£25,500)

Sales rendering of service £119,327 (2023: £0.00)

Purchases £68,880 (2023:£121,920)

Management Fee £42,000 (2023:£102,000)

Rent £74,400 (2023:£60,834)

Amounts outstanding at year end:

Amounts due from other related parties, Included in Trade debtors £517,936 (2023:£50,840)

Amounts due to other related parties, Included in Trade creditor £133,720 (2023:£122,628)

Amounts due from other related parties, included in other debtors £646,341 (2023:£117.836)

Amounts due to other related parties, Included in other creditors £12,760 (2023: £0.00)

26. Retained Earnings

Retained earnings includes all current and prior period profits and losses. This includes distributable and non-distributable reserves.

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