Collins (Contractors) Group Limited
Annual Report and Financial Statements
For the period ended ended 31 December 2025
Company Registration No. 16143454 (England and Wales)
Collins (Contractors) Group Limited
Company Information
Directors
J. Blake
(Appointed 18 December 2024)
B.T. Watson
(Appointed 18 December 2024)
Secretary
B.T. Watson
Company number
16143454
Registered office
Cray Avenue
Orpington
Kent
United Kingdom
BR5 3QB
Auditor
Moore Kingston Smith LLP
Betchworth House
57-65 Station Road
Redhill
Surrey
RH1 1DL
Bankers
HSBC Bank Plc
47 Rye Lane
Peckham
London
SE15 5ET
Collins (Contractors) Group Limited
Strategic Report
For the period ended ended 31 December 2025
Page 1

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

Fair review of the business

Since incorporation, the group has perform ed well. Turnover for the period totalled £8,927,293.

The group has a strong balance sheet with net assets of £10,052,331.

The first six months of 2026 have seen the company win over £11.2m of new orders, and we remain positive the profit margin will be up to earlier years’ expectations and are confident that turnover will reflect an increase on that of 2025.

As we continue to strengthen relationships with existing customers and remain committed to securing repeat business, the company recognises the importance of resourcing new projects while maintaining the high standards of service our clients expect. We continue to build and sustain our strong reputation with leading consultants, surveyors and architects across London and the South East, and remain confident that 2026 will be another successful and profitable year.

The company continues to carry out enhanced due diligence procedures in relation to all new clients as part of its risk management processes.

Staffing requirements are kept under continual review to ensure they align with the company's level of turnover and operational needs. Opportunities for both internal promotion and external recruitment are considered as part of the company's ongoing commitment to maintaining a skilled and capable workforce.

Our open plan office space in Orpington allows for the increase in staff and better collaborative working between departments to improve efficiency throughout the company. The environment provides space for private meetings, open forums and training spaces for management and site staff.

We shall continue to operate in accordance with our established business model and proven track record of securing, delivering, and profitably completing projects. Based on the strength of our current order book to date, pipeline of awarded works awaiting instruction, ongoing tender activity, and longstanding client relationships, we remain confident in the company's ability to continue our successes into 2026.

Collins (Contractors) Group Limited
Strategic Report (Continued)
For the period ended ended 31 December 2025
Page 2
Principal risks and uncertainties

Currently the company considers its risks to comprise of the following:

1. Liquidity

   The principal risk to the company is that clients and suppliers may have their working capital facilities restricted in the current economic climate which would affect the company. The company manages its liquidity risks by imposing strict review processes at project commencement with prompt cash collection and credit control throughout each project.

   The company has a strong cash balance of £1.01m, enabling it to meet its day-to-day working capital requirements from existing funds without the need for a bank overdraft or any other external financing. As a result, the company is not exposed to bank interest rate charges and maintains a strong financial position.

2. Inflation

   The company is aware of changing inflation rates and has found increases in materials and suppliers’ costs difficult to predict. The middle east conflict in particular is having a direct effect on delivery costs due to the unpredictability of fuel prices. The directors are taking care and consideration of these factors when entering into any fixed price contracts. The strong cash balance enables the company to negotiate supply costs and if required, purchase upfront to avoid future price increases.

   The company considers itself to be financially robust in the current market.

3. Health, Safety & Environment

   The maintenance of a safe working environment is of prime importance to the company, and the company continually monitors and improves its procedures to achieve this. The company continued to further strengthen its health and safety management during the course of the year and funded continuous training and personal development for its employees.

   The directors continue to reduce the company diesel vehicles in favor of direct deliveries to site and public transport for staff members. At the same time adding an additional 5 electric vehicles to the management fleet via the government salary sacrifice scheme.

4. Supply Chain

   The directors are aware that with the increase in turnover the Management Team are constantly reviewing and adding to the supply chain to ensure suitable and adequate resources are available for each project.

5. Our People

Our success and growth can only continue with the hard work of our skilled and motivated team, we rely on every member of staff within the organisation to continue to focus and commit to providing the high level of service that our clients have received and expect to receive from Collins.

Management continues to review and provide further training to all employees to ensure they develop their skills, which will enhance the company’s delivery and their own careers. The Management Team will continue to arrange the annual company training day for all our site employees, which also forms a relaxed team-building atmosphere.

Collins (Contractors) Group Limited
Strategic Report (Continued)
For the period ended ended 31 December 2025
Page 3

On behalf of the board

B.T. Watson
Director
15 July 2026
Collins (Contractors) Group Limited
Directors' Report
For the period ended ended 31 December 2025
Page 4

The directors present their annual report and financial statements for the period ended ended 31 December 2025.

Principal activities

The principal activity of the group is that of Specialist Interior and Exterior Refurbishment Contractors. The company was incorporated on 18 December 2024 and it's principal activity is that of a holding company.

Results and dividends

The results for the period ended are set out on page 10.

Ordinary dividends were paid amounting to £179,852. The directors do not recommend payment of a further dividend.

Directors

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

J. Blake
(Appointed 18 December 2024)
B.T. Watson
(Appointed 18 December 2024)
Auditor

Moore Kingston Smith LLP were appointed as auditor to the group and in accordance with section 485 of the Companies Act 2006, a resolution proposing that they be re-appointed will be put at a General Meeting.

Energy and carbon report

As the group has not consumed more than 40,000 kWh of energy in this reporting period, it qualifies as a low energy user under these regulations and is not required to report on its emissions, energy consumption or energy efficiency activities.

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 auditor of the company 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 auditor of the company is aware of that information.

On behalf of the board
B.T. Watson
Director
15 July 2026
Collins (Contractors) Group Limited
Directors' Responsibilities Statement
For the period ended ended 31 December 2025
Page 5

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

United Kingdom company law requires the directors to prepare financial statements for each financial year. Under that law, the directors have elected to prepare the group and parent company 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 group and parent company, and of the profit or loss of the group 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;

- state whether applicable U nited K ingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

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

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and parent company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and parent 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 group and parent company, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Collins (Contractors) Group Limited
Independent Auditor's Report
To the Members of Collins (Contractors) Group Limited
Page 6
Opinion

We have audited the financial statements of Collins (Contractors) Group Limited (the 'parent company') and its subsidiaries (the 'group') for the period ended ended 31 December 2025 which comprise the Group Statement of Comprehensive Income, the Group Balance Sheet, the Company Balance Sheet, the Group Statement of Changes in Equity, the Company Statement of Changes in Equity, the Group 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 the financial statements:

- give a true and fair view of the state of the group's and the parent company's affairs as at 31 December 2025 and of the group's loss for the period ended 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 group and parent 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 group's and parent 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 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.

Collins (Contractors) Group Limited
Independent Auditor's Report (Continued)
To the Members of Collins (Contractors) Group Limited
Page 7

Opinions on other matters prescribed by the Companies Act 2006

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

- T he information given in the strategic report and the directors' r eport for the financial period ended 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 group and the parent company and their 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- the parent company 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 group's and parent 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 group or parent company or to cease operations, or have no realistic alternative but to do so.

Collins (Contractors) Group Limited
Independent Auditor's Report (Continued)
To the Members of Collins (Contractors) Group Limited
Page 8
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.

As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purposes of expressing an opinion on the effectiveness of the company’s internal control.

- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

- Conclude on the appropriateness of the directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the group's or the parent company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the group or the parent company to cease to continue as a going concern.

- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

- Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Collins (Contractors) Group Limited
Independent Auditor's Report (Continued)
To the Members of Collins (Contractors) Group Limited
Page 9

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

fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities,

including fraud is detailed below.

The objectives of our audit in respect of fraud, are; to identify and assess the risks 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 to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the company.

Our approach was as follows:

- We obtained an understanding of the legal and regulatory requirements applicable to the company and considered that the most significant are the Companies Act 2006, UK financial reporting standards as issued by the Financial Reporting Council, and UK taxation legislation.

- We obtained an understanding of how the company complies with these requirements by discussions with management and those charged with governance.

- We assessed the risk of material misstatement of the financial statements, including the risk of material misstatement due to fraud and how it might occur, by holding discussions with management and those charged with governance.

- We inquired of management and those charged with governance as to any known instances of noncompliance or suspected non-compliance with laws and regulations.

- Based on this understanding, we designed specific appropriate audit procedures to identify instances of non-compliance with laws and regulations. This included making enquiries of management and those charged with governance and obtaining additional corroborative evidence as required.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

Use of our report

This report is made solely to the parent 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 parent 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 parent company and the parent company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Amanda Settle (Senior Statutory Auditor)
16 July 2026
for and on behalf of Moore Kingston Smith LLP
Chartered Accountants
Betchworth House
57-65 Station Road
Redhill
Surrey
RH1 1DL
Collins (Contractors) Group Limited
Group Statement of Comprehensive Income
For the period ended ended 31 December 2025
Page 10
Period
ended
31 December
2025
Notes
£
Turnover
3
8,927,293
Cost of sales
(6,931,729)
Gross profit
1,995,564
Administrative expenses
(2,594,425)
Operating loss
4
(598,861)
Interest receivable and similar income
8
94
Interest payable and similar expenses
9
(66,753)
Loss before taxation
(665,520)
Tax on loss
10
(163,299)
Loss for the financial period ended
(828,819)
(Loss)/profit for the financial period ended is all attributable to the owners of the parent company.
Total comprehensive income for the period ended is all attributable to the owners of the parent company.
Collins (Contractors) Group Limited
Group Balance Sheet
As at 31 December 2025
Page 11
2025
Notes
£
£
Fixed assets
Goodwill
12
10,971,875
Total intangible assets
10,971,875
Tangible assets
13
200,158
Investments
14
750
11,172,783
Current assets
Stocks
15
32,411
Debtors
16
3,250,838
Cash at bank and in hand
1,008,677
4,291,926
Creditors: amounts falling due within one year
17
(3,352,298)
Net current assets
939,628
Total assets less current liabilities
12,112,411
Creditors: amounts falling due after more than one year
18
(2,082,000)
Provisions for liabilities
Deferred tax liability
19
21,920
21,920
Net assets
10,052,331
Capital and reserves
Called up share capital
21
100
Share premium account
11,060,902
Profit and loss reserves
(1,008,671)
Total equity
10,052,331
The financial statements were approved by the board of directors and authorised for issue on 15 July 2026 and are signed on its behalf by:
15 July 2026
B.T. Watson
Director
Company Registration No. 16143454
Collins (Contractors) Group Limited
Company Balance Sheet
As at 31 December 2025
Page 12
2025
Notes
£
£
Fixed assets
Investments
14
14,821,745
Current assets
Debtors
16
2
Cash at bank and in hand
14,481
14,483
Creditors: amounts falling due within one year
17
(1,101,694)
Net current liabilities
(1,087,211)
Total assets less current liabilities
13,734,534
Creditors: amounts falling due after more than one year
18
(2,082,000)
Net assets
11,652,534
Capital and reserves
Called up share capital
21
100
Share premium account
11,060,902
Profit and loss reserves
591,532
Total equity
11,652,534

As permitted by section 408 of the Companies Act 2006, the c ompany has not presented its own profit and loss account and related notes. The c ompany’s profit for the year was £771,384.

The financial statements were approved by the board of directors and authorised for issue on 15 July 2026 and are signed on its behalf by:
15 July 2026
B.T. Watson
Director
Company Registration No. 16143454
Collins (Contractors) Group Limited
Group Statement of Changes in Equity
For the period ended ended 31 December 2025
Page 13
Share capital
Share premium account
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 18 December 2024
-
-
-
-
Period ended 31 December 2025:
Loss and total comprehensive income
-
-
(828,819)
(828,819)
Issue of share capital
21
100
11,060,902
-
11,061,002
Dividends
11
-
-
(179,852)
(179,852)
Balance at 31 December 2025
100
11,060,902
(1,008,671)
10,052,331
Collins (Contractors) Group Limited
Company Statement of Changes in Equity
For the period ended ended 31 December 2025
Page 14
Share capital
Share premium account
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 18 December 2024
-
-
-
-
Period ended 31 December 2025:
Profit and total comprehensive income
-
-
771,384
771,384
Issue of share capital
21
100
11,060,902
-
11,061,002
Dividends
11
-
-
(179,852)
(179,852)
Balance at 31 December 2025
100
11,060,902
591,532
11,652,534
Collins (Contractors) Group Limited
Group Statement of Cash Flows
For the period ended ended 31 December 2025
Page 15
2025
Notes
£
£
Cash flows from operating activities
Cash generated from operations
26
406,852
Interest paid
(66,753)
Income taxes paid
(110,910)
Net cash inflow from operating activities
229,189
Investing activities
Purchase of tangible fixed assets
(1,550)
Purchase of subsidiaries, net of cash acquired
1,620,796
Purchase of investments
(60,000)
Repayment of loans
(600,000)
Interest received
94
Net cash generated from investing activities
959,340
Financing activities
Dividends paid to equity shareholders
(179,852)
Net cash used in financing activities
(179,852)
Net increase in cash and cash equivalents
1,008,677
Cash and cash equivalents at beginning of period ended
-
Cash and cash equivalents at end of period ended
1,008,677
Collins (Contractors) Group Limited
Notes to the Group Financial Statements
For the period ended ended 31 December 2025
Page 16
1
Accounting policies
Company information

Collins (Contractors) Group Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is Cray Avenue, Orpington, Kent, BR5 3QB.

The group consists of Collins (Contractors) Group Limited and all of its subsidiaries.

1.1
Reporting period

The financial statements have been prepared for the first time from the date of incorporation, 18 December 2024, to period end date of 31 December 2025.

1.2
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.

1.3
Business combinations

In the parent company financial statements, t he cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. I nvestments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

Deferred tax is recognised on differences between the value of assets (other than goodwill) and liabilities recognised in a business combination accounted for using the purchase method and the amounts that can be deducted or assessed for tax, considering the manner in which the carrying amount of the asset or liability is expected to be recovered or settled. The deferred tax recognised is adjusted against goodwill or negative goodwill.

1.4
Basis of consolidation

The consolidated group financial statements consist of the financial statements of the parent company Collins (Contractors) Group Limited together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates. Not included in the consolidated group is the subsidiary Wall Plastics Limited, on the basis the subsidiary is dormant.

All financial statements are made up to 31 December 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the g roup.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Collins (Contractors) Group Limited
Notes to the Group Financial Statements (Continued)
For the period ended ended 31 December 2025
1
Accounting policies
(Continued)
Page 17

Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.

1.5
Going concern

A t the time of approving the financial statements, t he directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. The group has continued to trade profitably this year and has a strong balance sheet and cash position. As a result directors believe that the group will be able to continue in business and meets its liabilities as they fall due for a period of at least 12 months from the date of approval of the financial statements.

1.6
Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Construction contracts

Revenue arises from the increase in the value of work performed on construction contracts and on the value of services provided during the year. Where the outcome of a long term contract can be reliably estimated and it is probable that the contract will be profitable, revenue and costs are recognised by reference to the stage of completion of the contract activity at the reporting date. Stage of completion is assessed on the output basis, by reference to the proportion of the work certified to date relative to the estimated total contract value. Variations and claims are included in revenue where it is probable that the amount, which can be measured reliably, will be recovered from the client. When the outcome of a long-term contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable those costs will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred. When it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised as an expense immediately.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.7
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of a business over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 5 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

Collins (Contractors) Group Limited
Notes to the Group Financial Statements (Continued)
For the period ended ended 31 December 2025
1
Accounting policies
(Continued)
Page 18
1.8
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 improvements
10% straight line
Plant and machinery
25% straight line
Fixtures and office equipment
25% straight line and 20% straight line
Motor vehicles
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

1.9
Fixed asset investments

I n the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Entities in which the group has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.10
Impairment of fixed assets

At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Collins (Contractors) Group Limited
Notes to the Group Financial Statements (Continued)
For the period ended ended 31 December 2025
1
Accounting policies
(Continued)
Page 19

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.11
Construction contracts

Long-term contract balances classified under the balance sheet heading of "Amounts recoverable on contracts" within "Debtors" are stated at total costs incurred, net of amounts in respect of work carried out to date less foreseeable losses and applicable payments on account.

Cumulative turnover (i.e. the total turnover recorded in respect of contracts in the profit and loss accounts of all accounting periods since the inception of the contract) is compared with total payments on account. If the turnover exceeds payments on account an "amount recoverable on contracts" is established and separately disclosed within debtors. If the payments on account are greater than turnover to date, the excess is classified as a deduction from any balance on that contract in stocks with any residual balance in excess of cost being classified as creditors.

The attributable profit on long-term contracts is recognised once their outcome can be assessed with reasonable certainty. The profit recognised reflects the proportion of work completed to date on the project.

1.12
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.

1.13
Financial instruments
Basic financial assets

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as 'other' or basic instruments measured at fair value.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Collins (Contractors) Group Limited
Notes to the Group Financial Statements (Continued)
For the period ended ended 31 December 2025
1
Accounting policies
(Continued)
Page 20
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the 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

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group 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 another party that is able to sell the asset in its entirety to an unrelated third party.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

1.14
Equity instruments

Equity instruments issued by the group are recorded at 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 group.

1.15
Taxation

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

Collins (Contractors) Group Limited
Notes to the Group Financial Statements (Continued)
For the period ended ended 31 December 2025
1
Accounting policies
(Continued)
Page 21
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 group’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 if, and only if, there is 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.

1.16
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.17
Retirement benefits

The company makes contributions to Collins (Contractors) Limited Directors' Pension Scheme, a defined contribution scheme, the assets of the scheme being held separately from the assets of the company. The company makes contributions on behalf of its employees to both personal pension schemes and defined contribution schemes. Contributions payable are charged to the profit and loss account in the period ended they are payable.

Collins (Contractors) Group Limited
Notes to the Group Financial Statements (Continued)
For the period ended ended 31 December 2025
1
Accounting policies
(Continued)
Page 22
1.18
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease d asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Stage of completion on contracts

The stage of completion on contracts is a key area of judgement as it determines the value of profit recognised on a contract in the financial statements.

The directors have a wealth of experience in assessing the work performed on a contract to date and determining the remaining costs to complete, through assessments and judgements being made on the recovery of pre-contract costs, changes in the scope of work, contract programmes, maintenance and change in costs. This enables them to determine the stage of completion on a contract and therefore the gross profit to recognise in the financial statements.

Retention provision

Provisions against retentions are liabilities of uncertain timing or amount and therefore in making a reliable estimate of the amount and timing of liabilities judgement is applied and re-evaluated at each reporting date.

Useful economic life of tangible and intangible fixed assets

The company depreciates the tangible and intangible fixed assets over their useful economic lives which reflects management’s estimate for the period that the company intends to derive future economic benefits from the use of those tangible and intangible fixed assets. Changes in the expected level of usage could affect the useful economic lives and residual values of these assets. This could affect the future depreciation charge of these assets. The carrying amount of the company’s tangible and intangible fixed assets are disclosed in note s 12 and 13 to the financial statements.

3
Turnover

Turnover is wholly attributable to construction contracts in the United Kingdom.

Collins (Contractors) Group Limited
Notes to the Group Financial Statements (Continued)
For the period ended ended 31 December 2025
Page 23
4
Operating loss
2025
£
Operating loss for the period is stated after charging:
Fees payable to the group's auditor for the audit of the group's financial statements
3,500
Depreciation of tangible fixed assets
29,622
Amortisation of intangible assets
1,219,097
Operating lease charges
68,346
5
Auditor's remuneration
2025
Fees payable to the company's auditor and associates:
£
For audit services
Audit of the financial statements of the group and company
3,500
Audit of the financial statements of the company's subsidiaries
22,250
25,750
For other services
All other non-audit services
74,520
6
Employees

The average monthly number of persons (including directors) employed by the group and company during the period ended was:

Group
Company
2025
2025
Number
Number
Cost of sales
33
-
Administration
32
-
Directors
3
-
Total
68
0
Collins (Contractors) Group Limited
Notes to the Group Financial Statements (Continued)
For the period ended ended 31 December 2025
6
Employees
(Continued)
Page 24

Their aggregate remuneration comprised:

Group
Company
2025
2025
£
£
Wages and salaries
1,736,165
-
0
Social security costs
221,984
-
Pension costs
56,472
-
0
2,014,621
-
0
7
Directors' remuneration
2025
£
Remuneration for qualifying services
187,530
Company pension contributions to defined contribution schemes
5,078
192,608

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 2.

Remuneration disclosed above includes the following amounts paid to the highest paid director:
2025
£
Remuneration for qualifying services
97,929
Company pension contributions to defined contribution schemes
2,716
8
Interest receivable and similar income
2025
£
Interest income
Other interest income
94
Collins (Contractors) Group Limited
Notes to the Group Financial Statements (Continued)
For the period ended ended 31 December 2025
Page 25
9
Interest payable and similar expenses
2025
£
Interest on financial liabilities measured at amortised cost:
Dividends on redeemable preference shares not classified as equity
563
Other interest on financial liabilities
64,841
65,404
Other finance costs:
Other interest
1,349
Total finance costs
66,753
10
Taxation
2025
£
Current tax
UK corporation tax on profits for the current period
165,070
Deferred tax
Origination and reversal of timing differences
(1,771)
Total tax charge
163,299

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

2025
£
Loss before taxation
(665,520)
Expected tax credit based on the standard rate of corporation tax in the UK of 25.00%
(166,380)
Tax effect of expenses that are not deductible in determining taxable profit
34,369
Depreciation on assets not qualifying for tax allowances
426
Amortisation on assets not qualifying for tax allowances
304,774
Pre acquisition profits
(9,890)
Taxation charge
163,299
Collins (Contractors) Group Limited
Notes to the Group Financial Statements (Continued)
For the period ended ended 31 December 2025
Page 26
11
Dividends
2025
Recognised as distributions to equity holders:
£
Final paid
179,852
12
Intangible fixed assets
Group
Goodwill
£
Cost
At 18 December 2024
-
0
Additions
12,190,972
At 31 December 2025
12,190,972
Amortisation and impairment
At 18 December 2024
-
0
Amortisation charged for the period ended
1,219,097
At 31 December 2025
1,219,097
Carrying amount
At 31 December 2025
10,971,875
The company had no intangible fixed assets at 31 December 2025.
Collins (Contractors) Group Limited
Notes to the Group Financial Statements (Continued)
For the period ended ended 31 December 2025
Page 27
13
Tangible fixed assets
Group
Leasehold improvements
Plant and machinery
Fixtures and office equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 18 December 2024
-
0
-
0
-
0
-
0
-
0
Additions
143,152
127
69,965
16,536
229,780
At 31 December 2025
143,152
127
69,965
16,536
229,780
Depreciation and impairment
At 18 December 2024
-
0
-
0
-
0
-
0
-
0
Depreciation charged in the period ended
10,024
71
11,846
7,681
29,622
At 31 December 2025
10,024
71
11,846
7,681
29,622
Carrying amount
At 31 December 2025
133,128
56
58,119
8,855
200,158
The company had no tangible fixed assets at 31 December 2025.
14
Fixed asset investments
Group
Company
2025
2025
Notes
£
£
Investments in subsidiaries
25
-
0
14,821,745
Unlisted investments
750
-
0
750
14,821,745
Movements in fixed asset investments
Group
Investments
£
Cost or valuation
At 18 December 2024
-
Additions
750
At 31 December 2025
750
Carrying amount
At 31 December 2025
750
Collins (Contractors) Group Limited
Notes to the Group Financial Statements (Continued)
For the period ended ended 31 December 2025
14
Fixed asset investments
(Continued)
Page 28
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 18 December 2024
-
Additions
14,821,745
At 31 December 2025
14,821,745
Carrying amount
At 31 December 2025
14,821,745
15
Stocks
Group
Company
2025
2025
£
£
Work in progress
32,236
-
Finished goods and goods for resale
175
-
0
32,411
-
16
Debtors
Group
Company
2025
2025
Amounts falling due within one year:
£
£
Trade debtors
1,707,899
-
0
Gross amounts owed by contract customers
1,354,217
-
0
Other debtors
47,691
2
Prepayments and accrued income
141,031
-
0
3,250,838
2
Collins (Contractors) Group Limited
Notes to the Group Financial Statements (Continued)
For the period ended ended 31 December 2025
Page 29
17
Creditors: amounts falling due within one year
Group
Company
2025
2025
£
£
Trade creditors
1,669,975
-
0
Amounts owed to group undertakings
-
0
134,053
Corporation tax payable
74,309
-
0
Other taxation and social security
552,193
-
0
Other creditors
973,476
958,881
Accruals and deferred income
82,345
8,760
3,352,298
1,101,694
18
Creditors: amounts falling due after more than one year
Group
Company
2025
2025
£
£
Other creditors
2,082,000
2,082,000

The balance in other creditors represents the deferred consideration payable following the sale of the trading subsidiary to the company. The loan is repayable in instalments and attracts interest at 4% per annum.

19
Deferred taxation

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

Liabilities
2025
Group
£
Accelerated capital allowances
25,214
General provisions
(47,134)
(21,920)
The company has no deferred tax assets or liabilities.
Collins (Contractors) Group Limited
Notes to the Group Financial Statements (Continued)
For the period ended ended 31 December 2025
19
Deferred taxation
(Continued)
Page 30
Group
Company
2025
2025
Movements in the period ended:
£
£
Asset at 18 December 2024
-
-
Credit to profit or loss
(21,920)
-
Asset at 31 December 2025
(21,920)
-

The deferred tax liability set out above relates to timing differences on fixed assets and is expected to be in line with the depreciation rates in note 1.8. The balance also relates to a general provision that is expected to mature within 12 months.

20
Retirement benefit schemes
2025
Defined contribution schemes
£
Charge to profit or loss in respect of defined contribution schemes
56,472

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.

21
Share capital
Group and company
2025
2025
Ordinary share capital
Number
£
Issued and fully paid
Ordinary A shares of £1 each
50
50
Ordinary B shares of £1 each
50
50
100
100

The A and B Ordinary Shares each carry full voting rights, rights to dividends but the board may declare different dividends or no dividends in respect of each class of share, and full capital and distribution rights including on a winding up.

During the period the company allotted and issued 50 Ordinary A Shares and 50 Ordinary B Shares for total consideration of £11,061,002.

Collins (Contractors) Group Limited
Notes to the Group Financial Statements (Continued)
For the period ended ended 31 December 2025
Page 31
22
Operating lease commitments
As lessee

At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Group
Company
2025
2025
£
£
Within 1 year
130,233
-
Years 2-5
127,958
-
258,191
-
23
Related party transactions

Company

The company has taken the exemption, in accordance with FRS 102 - Section 33 "Related Party Disclosures", from disclosing related party transactions entered into between members of a group, provided that any subsidiary which is party to the transaction is wholly owned by such a member.

24
Controlling party

No one party controls the group.

25
Subsidiaries

Details of the company's subsidiaries at 31 December 2025 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Indirect
Collins Ladywell Limited
England & Wales
Ordinary
100.00
-
Collins (Contractors) Limited
England & Wales
Ordinary
0
100.00
Wall Plastics Limited
England & Wales
Ordinary
0
100.00
The aggregate capital and reserves and the result for the year of the subsidiaries noted above was as follows:
Name of undertaking
Capital and Reserves
Profit/(Loss)
£
£
Collins Ladywell Limited
8,878,282
1,579,219
Collins (Contractors) Limited
2,177,635
931,784
Wall Plastics Limited
4,579
-
0
Collins (Contractors) Group Limited
Notes to the Group Financial Statements (Continued)
For the period ended ended 31 December 2025
25
Subsidiaries
(Continued)
Page 32

The subsidiary companies are all registered in England and Wales and have the same registered office address as Collins (Contractors) Group Limited.

By virtue of S479a of Companies Act 2006, Collins Ladywell Limited was exempt from audit due to the statutory guarantee provided by Collins (Contractors) Group Limited.

By virtue of S394a of Companies Act 2006, Wall Plastics Limited was exempt from audit due to the company being dormant.

26
Cash generated from group operations
2025
£
Loss after taxation
(828,819)
Adjustments for:
Taxation charged
163,299
Finance costs
66,753
Investment income
(94)
Amortisation and impairment of intangible assets
1,219,097
Depreciation and impairment of tangible fixed assets
29,622
Non-cash net assets of subsidiary acquired
707,254
Movements in working capital:
Increase in stocks
(32,411)
Increase in debtors
(3,250,838)
Increase in creditors
2,332,989
Cash generated from operations
406,852
27
Analysis of changes in net funds - group
18 December 2024
Cash flows
Acquisitions and disposals
31 December 2025
£
£
£
£
Cash at bank and in hand
-
(612,119)
1,620,796
1,008,677
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