ACCOUNTS - Final Accounts

An analysis of turnover by class of business is as follows:

Registered number: 01029519

HAZELL AND JEFFERIES LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

HAZELL AND JEFFERIES LIMITED

COMPANY INFORMATION

Directors	R E Hazell
	F J Hazell


Registered number	01029519


Registered office	Mount Pleasant Farm
	Coombe End, Whitchurch Hill
	Pangbourne
	Reading
	Berkshire
	RG8 7TB


Independent auditors	James Cowper Kreston Audit
	Chartered Accountants and Statutory Auditor
	2 Communications Road
	Greenham Business Park
	Greenham
	Newbury
	Berkshire
	RG19 6AB

HAZELL AND JEFFERIES LIMITED

CONTENTS

	Page
Strategic report	1
Directors' report	2 - 3
Independent auditors' report	4 - 7
Profit and loss account	8
Balance sheet	9
Statement of changes in equity	10
Notes to the financial statements	11 - 19

HAZELL AND JEFFERIES LIMITED

STRATEGIC REPORT

FOR THE YEAR ENDED 31 OCTOBER 2025

Business review

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

Given the straightforward nature of the business, the director is of the opinion that analysis using Key Performance Indicators is not necessary for an understanding of the development, performance or position of the group.

The director considers that the results for the year are satisfactory and anticipates that the company will continue to trade successfully for the foreseeable future.

Principal risks and uncertainties

The company focuses on retaining and increasing its customer base by providing a high level of service and maintaining strong relationships with key customers and suppliers.

The main financial risks arising from the company's activities are price risk, credit risk and liquidity risk. These are monitored by the director and were not considered to be significant at the balance sheet date.

The director monitors price risk and considers that there are no significant associated risks.

The company's policy in respect of credit risk is to require appropriate credit checks on potential customers before sales are made and to monitor payments against contractual agreements for existing customers.

The company's policy in respect of liquidity risk is to maintain readily accessible bank deposit accounts to ensure the group has sufficient funds for operations.

Financial key performance indicators

Turnover, margin and net profit are the main measures used to monitor the performance of the company.

This report was approved by the board and signed on its behalf.

R E Hazell

Director

Date: 7 July 2026

Page 1

HAZELL AND JEFFERIES LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 OCTOBER 2025

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

Directors' responsibilities statement

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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 for the Company's financial statements 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 to 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.

Principal activity

The principal activity of the company in the year under review was that of tarmac contracting.

Results and dividends

The profit for the year, after taxation, amounted to £3,398,130 (2024 - £2,797,519).

The directors recommend that no final dividend be paid.

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Auditors

The auditors, James Cowper Kreston Audit, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

Page 2

HAZELL AND JEFFERIES LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2025

This report was approved by the board and signed on its behalf.

R E Hazell

Director

Date: 7 July 2026

Page 3

HAZELL AND JEFFERIES LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF HAZELL AND JEFFERIES LIMITED

Opinion

We have audited the financial statements of Hazell and Jefferies Limited (the 'Company') for the year ended 31 October 2025, which comprise the Profit and loss account, the Balance sheet, the Statement of changes in equity 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, 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 October 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 United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

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

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

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

Other information

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

We have nothing to report in this regard.

Page 4

HAZELL AND JEFFERIES LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF HAZELL AND JEFFERIES LIMITED (CONTINUED)

Opinion on other matters prescribed by the Companies Act 2006

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

∙the information given in the Strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Strategic report and the Directors' report 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 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 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 2, 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.

Page 5

HAZELL AND JEFFERIES LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF HAZELL AND JEFFERIES LIMITED (CONTINUED)

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 an Auditors' 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.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.

The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

The specific procedures for this engagement that we designed and performed to detect material misstatements in respect of irregularities, including fraud, were as follows:

∙Enquiry of management and those charged with governance around actual and potential litigation and claims;

∙Enquiry of management and those charged with governance to identify any material instances of non-compliance with laws and regulations;

∙Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

∙Performing audit work to address the risk of irregularities due to management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside of the normal course of business and reviewing accounting estimates for evidence of bias.

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 Auditors' report.

Page 6

HAZELL AND JEFFERIES LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF HAZELL AND JEFFERIES LIMITED (CONTINUED)

Use of our report

This report is made solely to the Company's shareholder 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 shareholder those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's shareholder for our audit work, for this report, or for the opinions we have formed.

Alexander Peal BSC(Hons) FCA DChA (Senior Statutory Auditor)

for and on behalf of

James Cowper Kreston Audit

Chartered Accountants and Statutory Auditor

2 Communications Road

Greenham Business Park

Greenham

Newbury

Berkshire

RG19 6AB

7 July 2026

Page 7

HAZELL AND JEFFERIES LIMITED

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 OCTOBER 2025

	2025	2024
Note	£	£


Turnover	4	30,748,836	28,437,684
Cost of sales		(24,177,583)	(22,956,544)
Gross profit		6,571,253	5,481,140
Administrative expenses		(3,355,391)	(2,185,709)
Other operating income	5	978,385	421,470
Operating profit		4,194,247	3,716,901
Interest receivable and similar income		402,858	230,250
Profit before tax		4,597,105	3,947,151
Tax on profit	8	(1,198,975)	(1,149,632)
Profit for the financial year		3,398,130	2,797,519

There was no other comprehensive income for 2025 (2024:£NIL).

The notes on pages 11 to 19 form part of these financial statements.

Page 8

HAZELL AND JEFFERIES LIMITED

REGISTERED NUMBER: 01029519

BALANCE SHEET

AS AT 31 OCTOBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	9		23,197,144		22,313,607
			23,197,144		22,313,607
Current assets
Debtors: amounts falling due within one year	10	3,707,490		4,186,909
Cash at bank and in hand	11	12,809,926		8,877,971
		16,517,416		13,064,880
Creditors: amounts falling due within one year	12	(4,061,895)		(3,154,935)
Net current assets			12,455,521		9,909,945
Total assets less current liabilities			35,652,665		32,223,552
Provisions for liabilities
Deferred tax	13	(593,801)		(562,818)
			(593,801)		(562,818)
Net assets			35,058,864		31,660,734

Capital and reserves
Called up share capital	14	1,000	1,000
Profit and loss account		35,057,864	31,659,734
		35,058,864	31,660,734

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

R E Hazell

Director

Date: 7 July 2026

The notes on pages 11 to 19 form part of these financial statements.

Page 9

HAZELL AND JEFFERIES LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 OCTOBER 2025

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 November 2024	1,000	31,659,734	31,660,734

Profit for the year	-	3,398,130	3,398,130
At 31 October 2025	1,000	35,057,864	35,058,864

The notes on pages 11 to 19 form part of these financial statements.

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 OCTOBER 2024

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 November 2023	1,000	28,862,215	28,863,215

Profit for the year	-	2,797,519	2,797,519
At 31 October 2024	1,000	31,659,734	31,660,734

The notes on pages 11 to 19 form part of these financial statements.

Page 10

HAZELL AND JEFFERIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

1.	General information

Hazell and Jefferies Limited is a private company, limited by shares and incorporated in England and Wales. The address of the Company's registered office and principal place of business is Mount Pleasant Farm, Coombe End, Whitchurch Hill, Pangbourne, Berkshire, RG8 7TB.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

2.2

Cash flow statement

The company, being a subsidiary undertaking within a group whose consolidated financial statements are publicly available, is exempt from the requirement to prepare a cash flow statement in accordance with FRS 102.

2.3

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 11

HAZELL AND JEFFERIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

2.Accounting policies (continued)

2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Buildings	-	5%	straight line
Plant and machinery	-	25%	straight line
Motor vehicles	-	25%	straight line
Fixtures and fittings	-	25%	straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 12

HAZELL AND JEFFERIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

2.Accounting policies (continued)

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The following have had the most significant effect on amounts recognised in the financial statements.

Tangible fixed assets
Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the asset and residual values are assessed annually and may vary depending on a number of factors. Residual value assessments consider issues such as the remaining life of the asset and projected disposal values.

Bad debt provisions
Provisions are estimated by the company in respect of specific debts based upon the age of the debt and knowledge of known issues.

Tarmac contracting	29,938,369	22,397,780
Skip Hire	810,467	6,039,904
	30,748,836	28,437,684

All turnover arose within the United Kingdom.

Page 13

HAZELL AND JEFFERIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

5.	Other operating income
		2025	2024
		£	£

Other operating income	29,895	-
Ground rent receivable	274,568	381,292
Insurance claims receivable	11,252	10,893
Profit on disposal of tangible assets	662,670	29,285
	978,385	421,470

Wages and salaries	5,895,201	5,061,139
Social security costs	722,337	565,189
Cost of defined contribution scheme	79,229	72,498
	6,696,767	5,698,826

The average monthly number of employees, including the directors, during the year was as follows:

	2025	2024
	No.	No.

Directors	2	2
Administration	11	13
Contracting	81	79

	94	94

All directors and certain senior employees who have authority and responsibility for planning, directing and controlling the activities of the company are considered to be key management personnel. Total remuneration in respect of these individuals, including employer national insurance and pension contributions, was £558,535 (2024: £533,759).

7.	Directors' remuneration
		2025	2024
		£	£

Directors' emoluments	45,904	38,979
	45,904	38,979

Page 14

HAZELL AND JEFFERIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Corporation tax
Current tax on profits for the year	1,160,820	972,705
Adjustments in respect of previous periods	7,172	143,360

Total current tax	1,167,992	1,116,065

Deferred tax
Origination and reversal of timing differences	30,983	33,567
Total deferred tax	30,983	33,567


	Tax on profit	1,198,975	1,149,632

Profit on ordinary activities before tax

4,597,105

3,947,151

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)	1,149,276	986,788
Effects of:
Fixed asset differences	(17,120)	15,293
Expenses not deductible for tax purposes	25,885	4,627
Adjustment to tax charge in respect of previous periods	7,172	143,360
Remeasurement of deferred tax for changes in tax rates	33,762	(436)
Total tax charge for the year	1,198,975	1,149,632

Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 15

HAZELL AND JEFFERIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

9.	Tangible fixed assets

	Land and buildings	Plant and machinery	Motor vehicles	Fixtures and fittings	Total
	£	£	£	£	£
Cost
At 1 November 2024	18,982,323	9,512,399	9,973,471	219,955	38,688,148
Additions	836,500	840,652	999,495	2,515	2,679,162
Disposals	-	(556,015)	(268,170)	(2,700)	(826,885)
At 31 October 2025	19,818,823	9,797,036	10,704,796	219,770	40,540,425
Depreciation
At 1 November 2024	383,397	7,589,348	8,213,621	188,175	16,374,541
Charge for the year	78,717	837,798	864,883	14,227	1,795,625
Disposals	-	(556,015)	(268,170)	(2,700)	(826,885)
At 31 October 2025	462,114	7,871,131	8,810,334	199,702	17,343,281
Net book value
At 31 October 2025	19,356,709	1,925,905	1,894,462	20,068	23,197,144
At 31 October 2024	18,598,926	1,923,051	1,759,850	31,780	22,313,607

Included in the land and buildings is land at cost of £17,651,670 (2024: £16,876,670) which is not depreciated.

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HAZELL AND JEFFERIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

10.

Debtors

					2025	2024
					£	£


Trade debtors	3,036,674	2,329,201
Amounts owed by group undertakings	-	3,784
Other debtors	472,508	440,169
Prepayments and accrued income	198,308	1,413,755
	3,707,490	4,186,909

11.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	12,809,926	8,877,971
	12,809,926	8,877,971

12.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	1,590,699	1,218,792
Corporation tax	667,993	972,706
Other taxation and social security	112,266	79,580
Other creditors	41,679	572,756
Accruals and deferred income	1,649,258	311,101
	4,061,895	3,154,935

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HAZELL AND JEFFERIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

13.	Deferred taxation

		2025
		£

	At beginning of year	(562,818)
	Charged to profit or loss	(30,983)
	At end of year	(593,801)

The provision for deferred taxation is made up as follows:
	2025	2024
	£	£

Accelerated capital allowances	(593,904)	(563,120)
Short term timing differences	103	302
	(593,801)	(562,818)

14.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

1,000 (2024 - 1,000) Ordinary shares of £1.00 each	1,000	1,000

	Contracted for but not provided in these financial statements	1,395,500	53,012
		1,395,500	53,012

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HAZELL AND JEFFERIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

16.

Related party transactions

The company is controlled by R E Hazell by virtue of his shareholding in the company's parent company, Hazell and Jefferies (Tarmac) Limited.

At the balance sheet date the company was owed Nil (2024: £3,784) by Hazell and Jefferies (Tarmac) Limited.

At the balance sheet date Hazell & Jefferies Farms Limited owed £175,994 (2024: £146,452) to the company. During the year, the company recharged £4,373 of R Hazell salary to H&J Farms.

During the year, the company was recharged £105,762 (2024: £84,509) by Hartslock LLP, a limited liability partnership related by common control. At the balance sheet date Hartslock LLP owed £105,762 (2024: £84,509) to the company.

17.	Ultimate parent company

The ultimate parent undertaking is Hazell and Jefferies (Tarmac) Limited which is registered in England and Wales.

Page 19