REGISTERED NUMBER: 03041916 (England and Wales)

Report of the Director and

Financial Statements for the Year Ended 31st October 2025

for

ALLROUND PLANT LIMITED

Page

Company Information

1

Report of the Director

2

Report of the Independent Auditors

3

Income Statement

6

Other Comprehensive Income

7

Balance Sheet

8

Statement of Changes in Equity

9

Cash Flow Statement

10

Notes to the Cash Flow Statement

11

Notes to the Financial Statements

12

DIRECTOR:

E M Broderick

REGISTERED OFFICE:

Unit 2

Riverside Industrial Park

Coneger Road

Eastleigh

Hampshire

SO50 6JQ

REGISTERED NUMBER:

03041916 (England and Wales)

AUDITORS:

Eastleigh Accountants Limited

Statutory Auditors and Accountants

89 Leigh Road

Eastleigh

Hampshire

SO50 9DQ

BANKERS:

Santander

Sunderland

SR43 4GG

The director presents his report with the financial statements of the company for the year ended 31st October 2025.

DIRECTOR

E M Broderick held office during the whole of the period from 1st November 2024 to the date of this report.

E.M. Broderick's interest in the share capital of this company is by way of his shareholding in the parent company, Kells Holdings Limited, which is shown in that company's director's report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless he is 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 director is required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

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

The director is 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 him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

E M Broderick - Director

16th July 2026

Opinion

We have audited the financial statements of Allround Plant Limited (the 'company') for the year ended 31st October 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31st October 2025 and of its loss for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the 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 director's 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 director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

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

-	the information given in the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Director has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

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

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

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of director's remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit; or

-	the director was not entitled to take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Director.

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page two, the director is 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 director determines 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 director is 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 director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

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

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

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council's website, to detect material misstatements in respect of irregularities, including fraud. We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we 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. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

>

Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected, and alleged fraud;

>

Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the entity through enquiry and inspection;

>

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

>

Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation

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

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Duncan Jefferies FCCA (Senior Statutory Auditor)

for and on behalf of Eastleigh Accountants Limited

Statutory Auditors and Accountants

89 Leigh Road

Eastleigh

Hampshire

SO50 9DQ

17th July 2026

TURNOVER

1,087,888

1,254,957

Cost of sales

976,776

923,673

GROSS PROFIT

111,112

331,284

Administrative expenses

218,793

215,028

(107,681

)

116,256

Other operating income

1,195

-

OPERATING (LOSS)/PROFIT

3

(106,486

)

116,256

Interest receivable and similar income

20,007

354

(LOSS)/PROFIT BEFORE TAXATION

(86,479

)

116,610

Tax on (loss)/profit

4

(21,620

)

29,154

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(64,859

)

87,456

(LOSS)/PROFIT FOR THE YEAR

(64,859

)

87,456

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(64,859

)

87,456

FIXED ASSETS

Tangible assets

6

556,777

328,447

CURRENT ASSETS

Debtors

7

367,263

335,819

Cash at bank

16,328

622,149

383,591

957,968

CREDITORS

Amounts falling due within one year

8

845,947

1,127,135

NET CURRENT LIABILITIES

(462,356

)

(169,167

)

TOTAL ASSETS LESS CURRENT LIABILITIES

94,421

159,280

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

94,321

159,180

SHAREHOLDERS' FUNDS

94,421

159,280

The financial statements were approved by the director and authorised for issue on 16th July 2026 and were signed by:

E M Broderick - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1st November 2023

100

471,724

471,824

Changes in equity

Dividends

-

(400,000

)

(400,000

)

Total comprehensive income

-

87,456

87,456

Balance at 31st October 2024

100

159,180

159,280

Changes in equity

Total comprehensive income

-

(64,859

)

(64,859

)

Balance at 31st October 2025

100

94,321

94,421

Cash flows from operating activities

Cash generated from operations

1

403,931

702,084

Tax paid

(104,708

)

(152,120

)

Net cash from operating activities

299,223

549,964

Cash flows from investing activities

Purchase of tangible fixed assets

(742,371

)

-

Sale of tangible fixed assets

40,051

83,924

Interest received

20,007

354

Net cash from investing activities

(682,313

)

84,278

Cash flows from financing activities

New loans in year

-

321,532

Loan repayments in year

-

(51,968

)

Repayment of group loans

(222,731

)

-

Equity dividends paid

-

(400,000

)

Net cash from financing activities

(222,731

)

(130,436

)

(Decrease)/increase in cash and cash equivalents

(605,821

)

503,806

Cash and cash equivalents at beginning of year

2

622,149

118,343

Cash and cash equivalents at end of year

2

16,328

622,149

1.	RECONCILIATION OF (LOSS)/PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

(Loss)/profit before taxation

(86,479

)

116,610

Depreciation charges

506,683

506,686

Profit on disposal of fixed assets

(32,692

)

(63,305

)

Finance income

(20,007

)

(354

)

367,505

559,637

Decrease in trade and other debtors

25,886

116,241

Increase in trade and other creditors

10,540

26,206

Cash generated from operations

403,931

702,084

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31st October 2025

31.10.25

1.11.24

£

£

Cash and cash equivalents

16,328

622,149

Year ended 31st October 2024

31.10.24

1.11.23

£

£

Cash and cash equivalents

622,149

118,343

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.11.24

Cash flow

At 31.10.25

£

£

£

Net cash

Cash at bank

622,149

(605,821

)

16,328

622,149

(605,821

)

16,328

Total

622,149

(605,821

)

16,328

1.	STATUTORY INFORMATION

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Office Equipment

-

25% on cost

Motor vehicles

-

25% on cost

Taxation

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

Current or deferred taxation assets and liabilities are not discounted.

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

Deferred tax

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

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

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

Hire purchase and leasing commitments

Assets held under finance leases and hire purchase contracts , which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

Pensions

The company operates a funded unapproved pension scheme for its directors. Contributions are charged to the profit and loss account as they are payable in accordance with the rules of the scheme.

3.	OPERATING (LOSS)/PROFIT

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

2025

2024

£

£

Other operating leases

81,708

81,708

Depreciation - owned assets

506,682

506,685

Profit on disposal of fixed assets

(32,692

)

(63,305

)

Auditors' remuneration

9,275

5,500

4.

TAXATION

Analysis of the tax (credit)/charge

The tax (credit)/charge on the loss for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

35,710

104,685

Deferred tax

(57,330

)

(75,531

)

Tax on (loss)/profit

(21,620

)

29,154

UK corporation tax has been charged at 25% (2024 - 25%).

Reconciliation of total tax (credit)/charge included in profit and loss

The tax assessed for the year is the same as the standard rate of corporation tax in the UK.

2025

2024

£

£

(Loss)/profit before tax

(86,479

)

116,610

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

(21,620

)

29,153

Effects of:

Change in rate of tax

-

1

Total tax (credit)/charge

(21,620

)

29,154

5.

DIVIDENDS

2025

2024

£

£

Ordinary £1 shares of 1 each

Interim

-

400,000

6.	TANGIBLE FIXED ASSETS

Plant and

Office

Motor

machinery

Equipment

vehicles

Totals

£

£

£

£

COST

At 1st November 2024

2,147,313

906

462,660

2,610,879

Additions

354,200

-

388,171

742,371

Disposals

(57,976

)

-

(58,080

)

(116,056

)

At 31st October 2025

2,443,537

906

792,751

3,237,194

DEPRECIATION

At 1st November 2024

1,889,182

756

392,494

2,282,432

Charge for year

346,682

150

159,850

506,682

Eliminated on disposal

(57,976

)

-

(50,721

)

(108,697

)

At 31st October 2025

2,177,888

906

501,623

2,680,417

NET BOOK VALUE

At 31st October 2025

265,649

-

291,128

556,777

At 31st October 2024

258,131

150

70,166

328,447

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

223,257

252,399

VAT

3,256

-

Deferred tax asset

140,750

83,420

367,263

335,819

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

80,989

68,287

Amounts owed to group undertakings

723,496

946,226

Tax

35,687

104,685

VAT

-

2,437

Accrued expenses

5,775

5,500

845,947

1,127,135

9.	DEFERRED TAX

£

Balance at 1st November 2024

(83,420

)

Credit to Income Statement during year

(57,330

)

Balance at 31st October 2025

(140,750

)

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary £1

1

100

100

11.

RESERVES

Retained

earnings

£

At 1st November 2024

159,180

Deficit for the year

(64,859

)

At 31st October 2025

94,321

12.	ULTIMATE PARENT COMPANY

The ultimate parent company is Kells Holdings Limited, a company registered in England & Wales.

13.	RELATED PARTY DISCLOSURES

At 31st October 2025 the company had the following outstanding balances with Blaze Construction Limited:-

Sales ledger £190,012 (2024: £219,154).

Purchase ledger £80,969 (2024: £72,487)

Inter-company loan account £723,496 owed (2024: £946,226 owed).

Further transactions between this company during the year at commercial rates were as follows:-

Invoiced to Blaze for the hire of Plant, Equipment & Vehicles £1,087,888 (2024: £1,254,957)

Recharged expenses by Blaze:-

Plant repairs & maintenance £475,072 (2024: £452,262)

Insurance £1,200 (2024: £1,200)

Management fees £126,480 (2024: £126,480)

Blaze Construction Limited is a 76% subsidiary of the parent entity Kells Holdings Limited.

Allround Plant Limited acquired assets to the value of £742,371 from Blaze Construction Limited during the year.

14.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party in the parent company, Kells Holdings Limited.