Company registration number 06703330 (England and Wales)
DOCKERILL GROUNDWORKS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
DOCKERILL GROUNDWORKS LIMITED
COMPANY INFORMATION
Directors
Ms Pushti Rajput
Mrs Jane Dockerill
Mr Lawrence Dockerill
Mr Lloyd Dockerill
Company number
06703330
Registered office
Unit N
South Cambridgeshire Business Park
Babraham Road
Cambridge
Cambridgeshire
United Kingdom
CB22 3JH
Auditor
Xeinadin Audit Limited
Cabourn House
Station Street
Bingham
Nottinghamshire
NG13 8AQ
DOCKERILL GROUNDWORKS LIMITED
CONTENTS
Page
Strategic report
1 - 2
Directors' report
3
Directors' responsibilities statement
4
Independent auditor's report
5 - 7
Statement of comprehensive income
8
Balance sheet
9
Statement of changes in equity
10
Statement of cash flows
11
Notes to the financial statements
12 - 23
DOCKERILL GROUNDWORKS LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 MAY 2025
- 1 -

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

Review of the business

Dockerill Groundworks Limited is an established provider of groundworks services to the construction sector, operating primarily within the south-east of England. The company's core activity is the provision of groundworks services to residential housebuilders and property developers, although it also has the expertise and operational capability to undertake projects within the commercial construction sector.

In recent years, the company has expanded its involvement in social housing developments, securing contracts that are frequently associated with regional development programmes and publicly supported housing initiatives.

The company continues to maintain a strong reputation as a reliable provider of groundworks services within its operating markets. The directors believe that the company's experience, established client relationships and operational capability position it well to meet the requirements of a diverse customer base.

The previous financial year delivered a particularly strong trading performance. During the year under review, market conditions have been comparatively softer, reflecting lower levels of activity and a degree of caution within parts of the construction sector. Notwithstanding these conditions, the company has continued to secure work across its principal markets and has maintained a focus on operational efficiency and service quality.

The directors are encouraged by the increasing proportion of work undertaken within the social housing sector, which is generally supported by long-term housing demand and funding programmes. These contracts provide an element of resilience and diversification to the company's revenue streams.

Principal risks and uncertainties

The construction sector is inherently subject to a number of risks and uncertainties which may affect the company's performance.

Market and Economic Risk

Demand for construction services is influenced by economic conditions, housing market activity, interest rates and levels of commercial investment. A reduction in construction activity could adversely affect future revenues and profitability.

Customer Concentration and Credit Risk

The company relies upon a number of significant customers within the residential development sector. The financial failure of a major customer or delays in customer payments could adversely affect cash flow and working capital.

Cost Inflation

The business faces exposure to increases in labour, subcontractor, fuel and material costs. Where increases cannot be recovered through pricing mechanisms, profit margins may be adversely affected.

Labour and Skills Availability

The availability of suitably skilled employees and subcontractors remains a challenge across the construction industry. Recruitment difficulties may restrict growth opportunities or increase operating costs.

Health and Safety

Groundworks activities involve operational risks associated with construction environments. The company maintains health and safety policies and procedures aimed at reducing these risks and ensuring compliance with relevant legislation.

Regulatory and Environmental Risk

Changes to planning regulations, construction standards, environmental requirements or employment legislation could increase operating costs or affect project delivery.

The directors continually monitor these risks and seek to mitigate them through effective management, robust operational controls, ongoing monitoring of financial performance and maintaining strong customer relationships.

DOCKERILL GROUNDWORKS LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 2 -
Key performance indicators

The directors monitor the performance of the business using both financial and operational measures. The principal indicators include:

Financial KPIs

Turnover growth.

Gross profit and gross profit margin.

Operating profit.

Cash generation and cash reserves.

Debtor collection performance.

Working capital management.

Operational KPIs

Contract delivery performance.

Health and safety outcomes.

Customer retention and repeat business.

Workforce productivity and utilisation.

Quality and customer satisfaction measures.

The directors review these indicators regularly to assess performance and support decision-making.

Future Outlook

While current market conditions remain somewhat subdued, the directors believe the long-term outlook for the groundworks and residential construction sectors remains positive. Demand for housing, together with continued investment in residential and social housing developments, is expected to support future activity levels.

Management anticipates that market confidence will improve as wider geopolitical and economic uncertainty reduces. The company will continue to focus on securing profitable contracts, maintaining strong customer relationships, controlling costs and taking advantage of opportunities within both the residential and social housing sectors.

The directors remain confident that the company's established market position, experienced workforce and reputation for quality service provide a solid platform for sustainable long-term growth.

On behalf of the board

Mr Lawrence Dockerill
Director
14 July 2026
DOCKERILL GROUNDWORKS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MAY 2025
- 3 -

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

Principal activities

The principal activity of the company continued to be that of ground work and construction activities.

Results and dividends

The results for the year are set out on page 8.

Ordinary dividends were paid amounting to £197,038. The directors do not recommend payment of a further dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Ms Pushti Rajput
Mrs Jane Dockerill
Mr Lawrence Dockerill
Mr Lloyd Dockerill
Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

Medium-sized companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the medium-sized companies exemption.

On behalf of the board
Mr Lawrence Dockerill
Director
14 July 2026
DOCKERILL GROUNDWORKS LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 MAY 2025
- 4 -

The directors are responsible for preparing the annual 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 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; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

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

DOCKERILL GROUNDWORKS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF DOCKERILL GROUNDWORKS LIMITED
- 5 -

Qualified opinion on financial statements

We have audited the financial statements of Dockerill Groundworks Limited (the 'company') for the year ended 31 May 2025 which comprise the statement of comprehensive income, the balance sheet, the statement of changes in equity, the statement of cash flows and notes to the financial statements, including 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 effects of the matter described in the Basis for Qualified Opinion paragraph, the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 May 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 qualified opinion

As this is the first year the company has required an audit and due to the timing of our appointment as auditors, we were unable to attend the year-end physical inventory count. Consequently, we were unable to obtain sufficient appropriate audit evidence regarding the stock held at either the 2025 or 2024 year-ends.

We were unable to obtain sufficient appropriate audit evidence over the debtor balance of 'Gross amounts owed by contract customers'. This lack of information pertains mainly to the valuation of these amounts where adequate supporting documentation and other evidence necessary to substantiate the balance recognised has not been provided. due to severe time constraints with the Companies House filing deadline. Consequently, we were unable to determine whether any adjustment might have been necessary to the carrying amount of amounts owed by contract customers and associated balances and disclosures.

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

Conclusions relating to going concern

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

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

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

DOCKERILL GROUNDWORKS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF DOCKERILL GROUNDWORKS LIMITED (CONTINUED)
- 6 -

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. 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.

Opinions on other matters prescribed by the Companies Act 2006

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

- the information given in the strategic report and the directors' r eport 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 respect solely on the limitations on our work, described above:

- we have not obtained all the information and explanations that we considered necessary for the purpose of our audit; and

- we were unable to determine whether adequate accounting records had been maintained.

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

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' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

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

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

DOCKERILL GROUNDWORKS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF DOCKERILL GROUNDWORKS LIMITED (CONTINUED)
- 7 -

- Identifying and assessing the design effectiveness of controls management has in place to detect and prevent fraud;

- Understanding how management considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process;

- Challenged assumptions and judgements made by management in accounting estimates;

- Reviewing and testing journal entries, in particular where they are material or appear unusual;

- Reviewed ledger and non-ledger transactions in order to identify any additional related party transactions or balances.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://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 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.

Jordan Cain ACA (Senior Statutory Auditor)
For and on behalf of Xeinadin Audit Limited, Statutory Auditor
Chartered Accountants
Cabourn House
Station Street
Bingham
Nottinghamshire
NG13 8AQ
14 July 2026
DOCKERILL GROUNDWORKS LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MAY 2025
- 8 -
2025
2024
Notes
£
£
Turnover
2
14,779,739
13,908,641
Cost of sales
(11,826,358)
(12,211,410)
Gross profit
2,953,381
1,697,231
Administrative expenses
(1,461,710)
(1,473,881)
Other operating income
31,116
49,043
Operating profit
3
1,522,787
272,393
Interest payable and similar expenses
6
(544,713)
(222,517)
Profit before taxation
978,074
49,876
Tax on profit
7
(242,645)
(13,529)
Profit for the financial year
735,429
36,347

The profit and loss account has been prepared on the basis that all operations are continuing operations.

DOCKERILL GROUNDWORKS LIMITED
BALANCE SHEET
AS AT
31 MAY 2025
31 May 2025
- 9 -
2025
2024
as restated
Notes
£
£
£
£
Fixed assets
Tangible assets
9
1,228,841
1,239,542
Current assets
Stocks
10
1,080,498
799,777
Debtors falling due after more than one year
11
873,521
1,015,198
Debtors falling due within one year
11
4,733,131
3,830,140
Cash at bank and in hand
298,560
92,159
6,985,710
5,737,274
Creditors: amounts falling due within one year
12
(5,301,073)
(4,508,266)
Net current assets
1,684,637
1,229,008
Total assets less current liabilities
2,913,478
2,468,550
Creditors: amounts falling due after more than one year
13
(1,461,412)
(1,550,757)
Provisions for liabilities
Deferred tax liability
17
287,556
291,674
(287,556)
(291,674)
Net assets
1,164,510
626,119
Capital and reserves
Called up share capital
19
250
250
Revaluation reserve
-
0
59,163
Profit and loss reserves
1,164,260
566,706
Total equity
1,164,510
626,119

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The financial statements were approved by the board of directors and authorised for issue on 14 July 2026 and are signed on its behalf by:
Mr Lawrence Dockerill
Director
Company registration number 06703330 (England and Wales)
DOCKERILL GROUNDWORKS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MAY 2025
- 10 -
Share capital
Revaluation reserve
Profit and loss reserves
Total
Notes
£
£
£
£
As restated for the period ended 31 May 2024:
Balance at 1 June 2023
250
59,163
725,359
784,772
Year ended 31 May 2024:
Profit and total comprehensive income
-
-
36,347
36,347
Dividends
8
-
-
(195,000)
(195,000)
Balance at 31 May 2024
250
59,163
566,706
626,119
Year ended 31 May 2025:
Profit and total comprehensive income
-
-
735,429
735,429
Dividends
8
-
-
(197,038)
(197,038)
Transfers
-
(59,163)
59,163
-
Balance at 31 May 2025
250
-
0
1,164,260
1,164,510
DOCKERILL GROUNDWORKS LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MAY 2025
- 11 -
2025
2024
as restated
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
23
1,340,365
414,344
Interest paid
(544,713)
(222,517)
Income taxes paid
(42,721)
-
Net cash inflow from operating activities
752,931
191,827
Investing activities
Purchase of tangible fixed assets
(948)
(94,535)
Proceeds from disposal of tangible fixed assets
26,400
-
0
Net cash generated from/(used in) investing activities
25,452
(94,535)
Financing activities
Proceeds from new bank loans
242,850
625,000
Repayment of bank loans
(124,690)
(68,184)
Movement in intercompany borrowings
-
0
(1,545)
Payment of finance leases obligations
(493,104)
(682,959)
Dividends paid
(197,038)
(195,000)
Net cash used in financing activities
(571,982)
(322,688)
Net increase/(decrease) in cash and cash equivalents
206,401
(225,396)
Cash and cash equivalents at beginning of year
92,159
317,555
Cash and cash equivalents at end of year
298,560
92,159
DOCKERILL GROUNDWORKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 12 -
1
Accounting policies
Company information

Dockerill Groundworks Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit N, South Cambridgeshire Business Park, Babraham Road, Cambridge, Cambridgeshire, United Kingdom, CB22 3JH.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value

added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

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

goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery

of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.

The stage of completion of a contract is measured by comparing the costs incurred for work performed to

date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses

when the outcome of a contract cannot be estimated reliably.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold
Over the remaining life of the lease
Plant and equipment
25% reducing balance
Motor vehicles
25% reducing balance
DOCKERILL GROUNDWORKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 13 -
1.5
Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments
Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

DOCKERILL GROUNDWORKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 14 -
1.9
Retirement benefits

The company operates a defined pension contribution scheme. Contributions are charged to the profit and

loss account as they become payable in accordance with the rules of the scheme.

1.10
Leases
As lessee

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance

leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire

purchase contracts 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.

1.11
Foreign exchange

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2
Turnover
2025
2024
£
£
Turnover analysed by class of business
New build residential
14,761,105
13,839,680
Commercial
18,634
68,961
14,779,739
13,908,641
3
Operating profit
2025
2024
Operating profit for the year is stated after charging/(crediting):
£
£
Fees payable to the company's auditor for the audit of the company's financial statements
19,000
-
0
Depreciation of tangible fixed assets
359,989
406,151
Profit on disposal of tangible fixed assets
(5,050)
-
Operating lease charges
96,842
100,224
DOCKERILL GROUNDWORKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 15 -
4
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Directors
4
4
Site & other direct staff
14
14
Office staff
8
12
Total
26
30

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
952,705
972,990
Social security costs
94,910
86,348
Pension costs
33,096
18,767
1,080,711
1,078,105
5
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
36,240
36,240
Company pension contributions to defined contribution schemes
15,000
-
51,240
36,240
6
Interest payable and similar expenses
2025
2024
£
£
Interest on financial liabilities measured at amortised cost:
Interest on bank overdrafts and loans
1,390
1,154
Other interest on financial liabilities
359,070
73,857
360,460
75,011
Other finance costs:
Interest on finance leases and hire purchase contracts
181,986
147,506
Other interest
2,267
-
0
544,713
222,517
DOCKERILL GROUNDWORKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 16 -
7
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
246,763
90,271
Deferred tax
Origination and reversal of timing differences
(4,118)
(76,742)
Total tax charge
242,645
13,529

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

2025
2024
£
£
Profit before taxation
978,074
49,876
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
244,519
12,469
Tax effect of expenses that are not deductible in determining taxable profit
663
1,060
Under/(over) provided in prior years
(2,537)
-
0
Taxation charge for the year
242,645
13,529
8
Dividends
2025
2024
£
£
Final paid
197,038
195,000
DOCKERILL GROUNDWORKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 17 -
9
Tangible fixed assets
Leasehold
Plant and equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 June 2024
44,601
2,846,658
173,578
3,064,837
Additions
-
0
310,638
60,000
370,638
Disposals
-
0
(140,595)
-
0
(140,595)
At 31 May 2025
44,601
3,016,701
233,578
3,294,880
Depreciation and impairment
At 1 June 2024
44,601
1,738,759
41,935
1,825,295
Depreciation charged in the year
-
0
317,078
42,911
359,989
Eliminated in respect of disposals
-
0
(119,245)
-
0
(119,245)
At 31 May 2025
44,601
1,936,592
84,846
2,066,039
Carrying amount
At 31 May 2025
-
0
1,080,109
148,732
1,228,841
At 31 May 2024
-
0
1,107,899
131,643
1,239,542

Tangible fixed assets includes assets held under finance leases or hire purchase contracts, as follows:

2025
2024
£
£
Plant and equipment
897,177
781,860
Motor vehicles
148,732
131,643
1,045,909
913,503
10
Stocks
2025
2024
£
£
Raw materials and consumables
1,080,498
799,777
DOCKERILL GROUNDWORKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 18 -
11
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
503,911
32,332
Gross amounts owed by contract customers
3,320,292
3,072,090
Retentions recoverable
456,687
128,078
Other debtors
136,209
155,526
Prepayments and accrued income
316,032
442,114
4,733,131
3,830,140
2025
2024
Amounts falling due after more than one year:
£
£
Retentions recoverable
873,521
1,015,198
Total debtors
5,606,652
4,845,338
12
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Bank loans
14
178,504
136,341
Obligations under finance leases
15
440,892
398,964
Trade creditors
2,910,850
2,829,504
Corporation tax
340,953
136,911
Other taxation and social security
87,696
110,055
Other creditors
1,323,178
896,491
Accruals and deferred income
19,000
-
0
5,301,073
4,508,266
13
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
14
637,097
561,100
Obligations under finance leases
15
824,315
989,657
1,461,412
1,550,757
DOCKERILL GROUNDWORKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 19 -
14
Loans and overdrafts
2025
2024
£
£
Bank loans
815,601
697,441
Payable within one year
178,504
136,341
Payable after one year
637,097
561,100
15
Finance lease obligations
2025
2024
Future minimum lease payments due under finance leases:
£
£
Within one year
440,892
398,964
In two to five years
824,315
989,657
1,265,207
1,388,621

Finance lease obligations represent rentals payable by the company for items of plant & machinery plus fleet vehicles. The obligations under the finance leases are secured on the assets to which they relate.

16
Secured creditors

Of the creditors falling due within and after more than one year the following amounts are secured:

Bank loans and overdrafts £507,453 (2024: £500,000)

Other creditors £576,022 (2024: £394,589)

The bank loan is personally secured by the directors without limitations.

The other creditors balance relates to borrowings with Reward Invoice Finance Limited. This balance is secured by way of a fixed and floating charges over all property owned by the company as well as all equipment and book debts.

17
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
287,556
291,674
DOCKERILL GROUNDWORKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
17
Deferred taxation
(Continued)
- 20 -
2025
Movements in the year:
£
Liability at 1 June 2024
291,674
Credit to profit or loss
(4,118)
Liability at 31 May 2025
287,556

The deferred tax liability set out above is not expected to materially reverse in the next 12 months.

18
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
33,096
18,767

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

19
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
200
250
200
200
Ordinary B of £1 each
50
50
50
50
250
300
250
250

Each Ordinary share is entitled to one vote in any circumstances. Each share is entitled pari passu to divided payments or any other distribution.

Ordinary B shares have no voting or capital rights.

20
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Name of related party
Nature of relationship
Soil Mod3 Ltd
Common control
Description of
Income
Payments
transaction
2025
2024
2025
2024
£
£
£
£
Soil Mod3 Ltd
Sales & Purchases
1,167,125
28,065
415,762
64,902
DOCKERILL GROUNDWORKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
20
Related party transactions
(Continued)
- 21 -
Balances with related parties

The balance below are included within other debtors and other creditors respectively. The loan amounts are free of interest and repayable on demand. The companies have been deemed related parties through having directors and shareholders in common.

Amounts owed by
Amounts owed to
related parties
related parties
2025
2024
2025
2024
£
£
£
£
Dockerill (Plant Hire) Ltd
-
0
-
0
16,036
16,606
Sitemix (UK) Ltd
10,380
10,380
-
0
-
0
Soil Mod3 Ltd
-
0
-
0
358,674
111,501
21
Directors' transactions

The directors' have operated loan accounts with the company. The advances are debtors for the company, loans are creditors to be repaid to the directors. All balances are interest free and repayable on demand.

Advances
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
-
-
144,854
(136,256)
8,598
-
3,857
114,046
(78,688)
39,215
3,857
258,900
(214,944)
47,813
Loans
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
-
8,798
-
(8,798)
-
-
30,348
30,450
-
60,798
-
2,038
137,287
(103,884)
35,441
41,184
167,737
(112,682)
96,239
22
Ultimate controlling party

The ultimate controlling party is Lloyd Dockerill by virtue of his controlling shareholding.

DOCKERILL GROUNDWORKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 22 -
23
Cash generated from operations
2025
2024
£
£
Profit after taxation
735,429
36,347
Adjustments for:
Taxation charged
242,645
13,529
Finance costs
544,713
222,517
Gain on disposal of tangible fixed assets
(5,050)
-
Depreciation and impairment of tangible fixed assets
359,989
406,151
Movements in working capital:
Increase in stocks
(280,721)
(597,076)
Increase in debtors
(761,314)
(934,159)
Increase in creditors
504,674
1,267,035
Cash generated from operations
1,340,365
414,344
24
Analysis of changes in net debt
1 June 2024
Cash flows
New leases
31 May 2025
£
£
£
£
Cash at bank and in hand
92,159
206,401
-
298,560
Borrowings excluding overdrafts
(697,441)
(118,160)
-
(815,601)
Lease liabilities
(1,388,621)
493,104
(369,690)
(1,265,207)
(1,993,903)
581,345
(369,690)
(1,782,248)
25
Prior period adjustment
Changes to the balance sheet
As previously reported
Adjustment
As restated at 31 May 2024
£
£
£
Current assets
Stocks
1,152,751
(352,974)
799,777
Debtors due after one year
-
1,015,198
1,015,198
Debtors due within one year
4,492,364
(662,224)
3,830,140
Creditors due within one year
Loans and overdrafts
6,826
(143,167)
(136,341)
Other creditors
(3,869,162)
143,167
(3,725,995)
Net assets
626,119
-
626,119
Capital and reserves
Total equity
626,119
-
626,119
DOCKERILL GROUNDWORKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
25
Prior period adjustment
(Continued)
- 23 -

The following prior period adjustments were made:

- Reclassification of the corporation tax provision;

- Reclassification of credit card balance;

- Reclassification of an accrued income balance;

- Correct allocation of depreciation across the fixed asset categories;

- Separate retentions recoverable and include ageing split.

Reconciliation of changes in equity
The prior period adjustments do not give rise to any effect upon equity.
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